Since creation, many things have been done base on agreement. It can be between two or more parties, or even with oneself. Even things you do for yourself is because you agreed to do it, either forced or not; meaning that every thing done has an agreement-driving force. Agreement is an understanding to follow a specific course or order.
Contract is a form of legally binding agreements. It is mostly used in the business ecosystem and very indispensable in business scenarios. Businesses always come to a point in which they will have to make agreement with employees, vendors, banks, government, insurance companies, and even customers. Traditionally, contracts are done using paper-written agreements which usually involve legal entity in order to ensure the fulfilment. But this form of contract most times end up in a mess, due to its mutability, inefficiency, and the likes.
The inception of technology has given rise to a digital form of making agreement, which is more efficient and effective. The proper implementation of this form of contract has led to the development of CONTRACTIUM platform.
CONTRACTIUM
Contractium is an ethereum backed agreement making platform with the aim of helping individuals and organizations in making effective agreements pertaining to different scenarios. It offers three main functionalities which are: Smart contract creation, Crypto-payment gateway, and Crypto-reward system.
WORKING PRINCIPLE OF CONTRACTIUM
Discovering the efficacy of the blockchain smart contract, Contractium brings about the use of the smart contract in making agreements. Smart contract will facilitate and ensure the negotiation and fulfilment of agreement between parties. It will enable the instant making of agreement on a distributed crowdfunding network which has a very high level of immutability; meaning that it can neither be changed nor manipulated. Contractium offers easy accessibility to both technical and non- technical background users without having operability issues.
USE CASES OF CONTRACTIUM
❖ FREELANCERS: they can easily create a smart contract with their employers and likewise freelancing companies, trustlessly and with maximum security.
❖ SOCIAL MEDIA: the CTU token will be used in compensating audience at every instances of experience had with digital contents.
❖ E-CORMMERCE: every potentials of Contractium can be incorporated into this segment in order to improve the efficiency of their operations.
❖ ADVERTISEMENT: advertisement agencies can make deal with their clients for every ad-campaign. They can also make use of the platform as payment and reward tools.
❖ DIGITAL GAMING: gamers and developers can also make use of Contractium as payment and reward gateway.
BENEFITS OFFERED BY CONTRACTIUM
❖ Deals can now be made digitally with trust and maximum security.
❖ Effective and efficient agreement making.
❖ Third parties as in traditional method, alongside other extra but unnecessary charges are all eliminated.
❖ Deals are made with adequate immutability.
❖ Users friendly platform which requires no technical background.
TOKEN SYSTEM
CTU token is the transaction driving force of the platform. It is of ethereum smart contract compliance; it exist in the model ERC20. The ICO has started since June,2018 and will end 11th November, 2018.
Conclusively, with this great project, contracts in various ways can now be made digitally with zero worries about trust, security and fulfilment.
Relevant Links
Website: https://contractium.io/
Whitepaper: https://docs.google.com/document/d/10BqajJ39sen3GeulHCSxGJ7vRx9UUT4AEkbpP2OSxmM/edit?usp=sharing
Twitter: https://twitter.com/contractium%E2%80%A8
Facebook: https://www.facebook.com/contractium.io
Bitcointalk: https://bitcointalk.org/index.php?topic=4613530
Medium: https://medium.com/@contractium.io
Telegram: https://t.me/contractium%E2%80%A8
Authors information
https://bitcointalk.org/index.php?action=profile;u=1954514
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