Meritt

Meritt is an open protocol for self-service creation and maintenance of peer-to Blockchain financial contracts. A unique decentralized platform, which today will be really in demand and popular. After all, intellectual contracts are the real guarantee of high-quality execution of transactions. The Meritt project is ideal for decentralized fundraising, token financing and more. An open protocol for the formation of a chain and performance of peer financial contracts

In this case, we can consider a simple algorithm of using the Meritt platform:

1.  Setting the objectives for the new contract. The Meritt financial contract complies with the ERC20 standard, which establishes the basis for token transfer and separation. The transfer may be restricted by a closed group of users and temporarily suspended?? (The token can be frozen).
2. Dynamic Payment channel. Any payments from the issuer of the contract tokens (for example, payment of dividends by the company) to the member pool are automatically transferred to the corresponding purse where the issued token is stored. The distribution takes into account the proportional distribution of the underlying asset.
3. Voting and bilateral communication. The voting mechanism may be public and the votes are transferred directly to the evaluation contract. Alternatively, the votes may be private, and only the hash is presented in the contract to ensure the authenticity of the vote.
4. Bi-directional 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 implement them. Through the network of Merit network Dapp, the company, seeking means, creates and issues a financial contract corresponding to the Gaucherie agreement token and is placed in a special contract for distribution, which automatically sends the contract token upon receipt of payment From the participants (like a vending machine).

1. Database for storing created contracts. Participants and observers may request Meritt registers to obtain data on the existence of Meritt contracts (to the extent that they are publicly available), as well as data on events related to each of the contracts.
2. Datastore Framework. Allows users of Meritt to manage and provide identity and other personal information in a self-regular environment and to provide limited access to their data. The data itself can be hosted independently or stored in a distributed data store.
3. Several important features of the project It is worth highlighting the factors that can attract the attention of platform participants: For the simple implementation and settlement of various financial contracts for Ethereum Blockchain

Agnostic Asset Class protocol

Financial contracts Meritt can be securities, loans, bonds, utilities, property or tokens for donations. For each issued financial contract, a specific ERC20 contract token is created.Key terms committed and settled on the blockchain
Transparency and confidence in the future execution of key terms and audits on immutable distributed books. Secured issuance and unproblematic servicing of financial contracts through intellectual contracts.

An ID of the Sovereign identity card and secured property right
Participants have full control and ownership of their encrypted personal data and identification data and may disclose information about zero knowledge.

Decentralized and free, without commission Meritt, without intermediaries
Decentralized blockchain architecture. Only the gas costs were incurred. Perform financing in a real peer

Conclusions

Meritt The creators of this unique decentralized platform are ready to give their clients the opportunity to enter into profitable, high-quality, safe transactions. Any intellectual contracts are the perfect guarantee of fulfillment of all conditions of cooperation. In this case, all the participants of the transaction get reliable protection against any fraudulent schemes. In this case, all transactions are executed very quickly.

DETAIL INFORMATION :
Website : https://skynet.co
Whitepaper : https://skynet.co/img/lightpaper.pdf
ANN : https://bitcointalk.org/index.php?topic=4641725
Twitter: https://twitter.com/OpenSingularity
Facebook : https://www.facebook.com/OpenSingularity
Medium : https://medium.com/skynetproject
Telegram : https://t.me/SkynetOpenNetwork

Author : Ghaniindependen
My Profile Btt :
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