Welcome my dear subscribers. Today I will tell you about a promising project. Meritt is an open Protocol for self-creation and maintenance of peer-to-peer financial contracts on Blockchain. A unique decentralized platform, which will be really popular today. After all, intellectual contracts are a real guarantee of quality of transactions. The project Meritt is ideal for the decentralized collection of funds, financing tokens and more!
Open Protocol for chain formation and execution of peer-to-peer financial contracts
In this case, we can consider a simple algorithm for using the Meritt platform:
Setting goals for the new contract. Financial contract Meritt compliant ERC20 establishing a framework for the transfer and splitting of tokens. Can the transfer be limited to a closed user group and temporarily suspended ??(the token can be frozen.)
Dynamic payment channel. Any payments from the Issuer of the contract tokens (for example, payment of dividends by the company) to the participants ‘ pool are automatically transferred to the appropriate wallet where the issued token is stored. The distribution takes into account the proportional distribution of the underlying asset.
Voting and two-way communication. The voting mechanism can be public and votes are transferred directly to the contract for evaluation. Alternatively, votes can be private and only a hash is submitted to the contract to ensure the authenticity of the vote.
Bidirectional information channel: the Issuer of contract tokens can send messages through a smart contract to all Participants to comply with information obligations. Participants can send messages to the Issuer when a contract is required.
Easy to create contracts and their implementation. Through the dapp network Merit, the company seeking funds creates and issues a financial contract, the corresponding contract token is minted and placed in a special contract for distribution, which automatically sends the contract token upon receipt of payment from the participants (similar to a vending machine).
A database to store the created contracts. Participants and observers may request Meritt registers to obtain data on the existence of Meritt contracts concluded (to the extent that they are publicly available), as well as data on events related to each contract.
Datastore framework. Allows Meritt users to manage and provide identity and other personal information in a self-contained environment and to provide limited access to their data. The data itself can be placed independently or stored in a distributed data warehouse.
Several important features of the project
It is worth highlighting the factors that can attract the attention of the platform participants:
Plug & play modules
For a simple implementation and settlement of the various financial contracts on the Ethereum Blockchain
The Protocol is agnostic of the asset class
Meritt’s financial contracts may be securities, loans, bonds, utilities, property, or donation tokens. Issued for each financial contract the particular token of the contract ERC20.
Key terms perfect and settled on a block chain
Transparency and confidence in the future execution of key terms and audits on unchangeable distributed books. The secured results and trouble-free servicing of financial contracts by means of mining contracts.
Identification of sovereign identity card and secured property right
Participants have full control and ownership of their encrypted personal data and identification data and may disclose zero knowledge information.
Decentralized and free, without Meritt Commission, without intermediaries
Decentralized block chain architecture. Only gas costs were incurred. Perform financing in a real peer-to-peer environment.
The creators of this unique decentralized platform are ready to give their customers the opportunity to enter into profitable, high-quality, secure transactions. Any smart contracts are the perfect guarantee for the fulfillment of all conditions of cooperation. In this case, all participants of the transaction receive reliable protection from any fraudulent schemes. At the same time, all transactions are performed very quickly.
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