What is Whitepaper?

A whitepaper is a report-style document that explains a complex issue in relation to a specific industry or field, and discusses how an enterprise solves that problem. Whitepapers typically introduce a business model and development plan. In the context of blockchain, a whitepaper is one of the first documents that is created after a project has a working product and funding. It also acts as a pitch to new investors to help the company further their funding process. For blockchain-specific whitepapers, the technical architecture, token economics, team, and other data are also commonly outlined.