Dear XXX,

I am writing to invite you to get involved in a project that we are working on at the Open Co-op.  The project is called Opencoin and aims to create a digital cash and transactions system based on the crytographic work of David Chaum. 

The project will create an open source implementation of the digital cash system,
extend the underlying system through research to allow restricted anonymity and deliver a prototype of the complete system, including and end-user ready client, ideally on the mobile phone.

Within this project we would like to research and understand the legal implications of such a system and how various different versions of the transactions protocols would effect those legal implications.

We are currently seeking a grant from the LDA, under the Sme Innovation Programme.  We are seeking academic partners in both the crypographic and legal/regulatory fields. Within the budget we would have about £7,500 available for the help by the academic involved in the legal side.

Enclosed you can find the current draft version of the project proposal, which we hope already gives some insight into the project, its goals and the project plan.

We would very much like to talk to you about the project and the possibility of you becoming a partner in the research. We would also be delighted to get any feedback on this.

All the best,

Tom Salfield

Open Co-op LLP

mobile: 07967099480 / xxx / bla