Investing TES

Prepared by Peter Li-Chang Kuo

K-Horn Science Inc. (KSI) was an incubator which established in 1979, launched the BSC Angel Fund in New York, to invest in America for developing the "satellite receiver" that contributed to Reaganomics in the 1980s. To realize the “Solve Unemployment Problem”, KSI invented the TES—a new Tech-Economic System, which led to the 1998 APEC E-Commerce Initiative.

Fig 1: Linda Din served as a speaker at APEC 1998 to achieve "Steering the E-Commerce" initiative

We commissioned a national academic institute to perform an intellectual property (IP) valuation. The result: limited edition VAM hardware alone could yield USD 12.5 billion in profit, and the value of VAM’s "virtual asset management" reached astronomical figures-- during the COVID-19, VAM of TES has consistently generated tens of trillions of dollars annually. According to the UN’s WIPO and the Berne Convention, KSI holds exclusive rights to TES’s high-value IP portfolio.

TES – The eStore System is “the world’s first contactless smart transaction and digital economy platform,” invented in 1986 as an innovative industry solution to unemployment. TES integrates contactless cashless payment, Virtual Asset Management (VAM), intelligent supply chains, AI, and financial flow management. After 11 years of development, it catalyzed the 1998 APEC E-Commerce Bill, becoming the foundation of global e-commerce.

Fig 2: TES (A Total E-Com System) creates new tech-economic world

From 1997 to 2009, we promoted TES at APEC for 13 years. It has since become the highest value-creating invention in human history, especially during the COVID-19 pandemic, when it generated immense benefits: over 1.5 billion people worked at home to earn world money, and “USD 36 trillion in annual cashless transactions.”

Fig 3: The cashless system we invented has become the mainstream of global transactions

TES – The Most Valuable Invention in Human History

TES now drives the digital economy as a powerful engine, and we invite visionary investors to co-create a new global economic landscape.

1. How Can You Participate?

1) Following the principles of small-scale, diversified, and limited participation;

2) Each individual may invest between $5,000 to $50,000 USD;

3) Funds will be used to launch KSI’s multi-IP monetization initiatives.

2. How Will You Receive Returns?

1) Expected Return Mechanism:

(1) First projected IP licensing contract: $500 million USD;

(2) 10% of revenue will be allocated to investor returns;

(3) The first-round returns may already cover your full investment.

2) Sustainable Cash Flow & Profit Sharing:

(1) Future income will come from follow-up licensing and ICT financial services;

(2) Investors will enjoy ongoing profit-sharing;

(3) Early-phase investors are entitled to both dividends and equity.

3. Why Now?

We are leading a global revolution in currency, distribution, industry, and employment. TES’s core component—the “ICT Control Center”—is key to the success of the “Invest in America” (IIA) policy. The TES system, which helped shape APEC’s e-commerce framework and enabled the cashless economy, is now deeply embedded in the global digital civilization. Virtual Asset Management (VAM) carries the IP to power the future of intelligent finance.

You are invited to secure your early-stage equity stake in the most promising IP industry of the future—with the smallest investment, gain a position in a system designed for sustainable and exponential growth.

The High Intellectual Property Value of TES

On January 27, 2001, our companies and residences in both Taipei and Taichung were simultaneously burglarized. The intruders broke in and stole all of our R&D results. In response, TES inventor Linda Din (丁玲虹) documented her years of lectures and development experiences in a book titled "A Daughter of Defense Employee" (A Lady of Rich Taiwan). Thousands of copies were printed and distributed to the Presidential Office, Executive Yuan, political parties, and various sectors of industry, government, academia, and research. The book was sent not only across Taiwan but also to Mainland China, Silicon Valley, and New York, sparking a wave of interest in “contactless” and “cashless” e-commerce. In addition to our U.S. invention patents, Daughter of a Defense Employee has become an important piece of intellectual property (IP).

Fig 4: “Daughter of a Defense Employee” as key intellectual property

Mr. Jiang Zemin personally signed an invitation for us to attend the 2001 APEC in Shanghai, hoping we would present the significance of the e-commerce industry described in the said book for national development. This included the application method of the TranSmart contactless chip card, and the universal social concern embedded in the “VAM & eStore” system that forms TES (The eStore System). We were also invited to explain how this multilateral trading system, which welcomes participation from many nations, could impact the future, and how the “TSCM” (Total Supply Chain Management) software might change the world. At the Shanghai APEC, we successfully won commitments related to ICT (Information and Communication Technology) and IPR (Intellectual Property Rights) frameworks.

Fig 5: Invitation from Mr. Jiang Zemin

At the 2009 APEC CEO Summit, U.S. President Barack Obama invited us to Singapore to contribute the way of "Rebuilding the Global Economy." We proposed “IIA-TES,” where IIA stands for “Invest in America.” The plan included the deployment of 1.892 million eStores in the United States, with supporting infrastructure for cashless transactions—offering a fast-track path out of the financial crisis.

Fig 6: Contributing the way of "Rebuilding the Global Economy"

U.S. delegation remarked: “1.892 million eStores are too few!” They believed that, with U.S. unincorporated territories included, the number should reach 2 million. They also recognized that VAM represents an integration of "Vending Machines, ATMs, and Mobile Communication Devices." During the meeting, I shared with the U.S. representatives a "U.S.-Taiwan cooperation division chart," recommending that the Obama administration establish an "ICT Control Center" to ensure global leadership in the era of smart financial technology. The following year, smart mobile devices began to gain popularity, ushering in a time of global transformation.

Fig 7: U.S.-Taiwan division of seven key centers

TES and the “GENIUS Act”

TES (The eStore System) is the world’s first contactless, cashless transaction and "Virtual Asset Management" (VAM) system. Invented in 1986, it laid the foundation for the 1998 APEC E-Commerce Initiative. Since 2009, virtual currencies have flourished, and cashless transactions have grown into the world’s largest market, now expanding by tens of trillions of USD annually. In June 2025, the U.S. Congress passed the "GENIUS Act," which intersects with TES’s VAM across policy goals, technical features, and future development. This document explores their convergence in three dimensions:

I. Overview of the GENIUS Act

1. The GENIUS Act (Generating Enhanced New Investment Using Science Act) was introduced by the U.S. Congress to:

1) Encourage scientific innovation and technology commercialization;

2) Strengthen mechanisms to convert intellectual property (IP) into real economic value;

3) Provide tax incentives and venture capital advantages;

4) Support high-tech enterprises (such as AI, FinTech, and DeepTech) in rapid market entry.

2. Key focus areas include:

1) Digital economy,

2) Blockchain,

3) IP monetization,

4) Cashless infrastructure,

5) Cybersecurity,

6) AI-powered commerce, etc.

II. Intersections between TES's VAM and the GENIUS Act:

1) Contactless, cashless transactions foster digital economy and FinTech innovation—goals aligned with GENIUS’s push for digital payment infrastructure.

2) VAM supports IP-backed asset creation, enabling a platform for IP valuation, asset conversion, and financial market integration.

3) TES’s eStore + ICT Control Center fits well within GENIUS’s investment scope, including AI, IoT, and cross-border e-commerce infrastructure.

4) Invented in 1986 and ratified through APEC in 1998, TES is the mother of today’s virtual currency and blockchain movement. It can be filed as a “cross-century tech-economic commercialization model,” eligible for GENIUS support.

5) During the pandemic, TES-enabled cashless transactions hit $36 trillion, and continue to grow annually by tens of trillions—providing GENIUS with a proven success case and rich data to support its policy goals.

III. Future Policy Linkage and Action Recommendations

1. Integrating IP Commercialization with VAM:

1) GENIUS's emphasis on IP monetization can be realized concretely through VAM.

2) TES can be presented as a real-world application model for GENIUS implementation.

2. Alignment with the MAGA Agenda:

1) Combine GENIUS support for digital asset standardization and secure frameworks.

2) Propose a TES-VAM Control Center pilot project in collaboration with relevant U.S. agencies.

3. Use GENIUS mechanisms to apply for innovation funding aimed at:

1) U.S. reindustrialization,

2) Technology security,

3) Tech transfer into the American market.

Conclusion

In the 1990s, due to limited public understanding of advanced technologies, we first created the contactless smart chip card and its Transaction Reader Device (TRD), and then created VAM—a convergence of "Smart Vending, ATM, and Mobile Communication"—to demonstrate a cashless system. We also developed a comprehensive “Transmission Supply Chain Management” (TSCM) software system, which evolved into the "Virtual Asset Management" (VAM) platform. VAM has since led the global trend in virtual currencies, reaching USD 28 trillion in transaction volume in 2024.

The TES-VAM system is not only a technological innovation, but a proven economic engine for virtual asset governance and transformation. The legislative intent of the “GENIUS Act” directly supports breakthroughs like TES—both in technical architecture and commercial models.

If TES’s innovation, policy alignment, and economic impact are effectively demonstrated, it could become a flagship case of the “GENIUS Act,” helping the United States establish global leadership in the next era of intelligent financial technology and the digital economy.

References:

Din, L. (2001). A Lady of Rich Taiwan (A Daughter of the Defense Employee). Taichung: Panhornic.

Din, L. (1998, September 1). Fax message: APEC organizer ASLI thanks Linda Din for supporting the forum with practice and action. (One of the most important documents in the history of E-Commerce)

When Linda Din served as the keynote speaker at the Task Force meeting on September 7, 1998, she proposed launching the "E-Commerce Steering Program" through TES (The eStore System), a bold initiative that profoundly transformed the global tech-economic landscape.

Linda Din presenting her proposal at the podium

Peter Li-Chang Kuo, the author created Taiwan's Precision Industry in his early years. Peter was a representative of the APEC CEO Summit and an expert in the third sector. He advocated "anti-corruption (AC)/cashless/e-commerce (E-Com)/ICT/IPR/IIA-TES / Micro-Business (MB)…and etc." to win the international bills and regulations.