Ann Thread

What you must know about Billcrypt’s Project Description?

What you must know about Billcrypt’s Project Description?

Welcome! Today, we are going to share about the project description of Billcrypt. Have you ever heard about the new platform of blockchain? If never, let’s go down!

Billcrypt is a decentralized global platform or blockchain multifunctional system of companies, professional communities, specialists and product’s office integration which is created by users in the form of decentralized applications (DAPP).

Billcrypt is the greatest solution for all problems in creating a universal space associated in the form of an integration platform, a single global environment through an ecology of technological and economic properties that joins Blockchain Representative (BR). It is also considered a seamless solution for any company, professional community, a specialist in any area may for creating its blockchain representation on the platform of the way.  In other words, it is an ideal way to use blockchain technology is a registration and storage of any information in the blockchain. It is a platform that permits the users to create and host the Blockchain Representation offices (BR) in which it will be collected, to be formed and to show clearly, graphical view of all the properties designated by the owners to show (in detail in the future, in the Description section of the Platform).

Interface, that will permit you to improve your business in a more effective custom, incorporated to the system through your blockchain representation, as well as the billcrypt platform that will be possible to accomplish the necessary activities related to the blockchain. Here, everybody can create its blockchain representation, through billcrypt everyone may select the properties and functions of BR required to collect representative information about the business or product.

Ann Thread: https://bitcointalk.org/index.php?topic=5156161.0
Website: https://www.billcrypt.io

 

Billcrypt’s Project Description

  

  1. Creating BR

 

Substantively, the first aim of creating Billcrypt is to create a single global system Blockchain Representatives offices (BR) to as a result allowing people to accumulate reliable information about themselves as a specialist, about the business and the created products and goods. Moreover, it will build unconditional trust and present reputation in a logical way to attract customers, partners, consumers, and investors’ intention. Also, it will serve users with reliable information and monetize their status. Then, it is purposed to create a piece of allowed consistent information, which agrees to any business for getting a solid foundation for its subsequent tokenization and any crowdsale types.

Website: https://www.billcrypt.io

The usage of BILС by Blockchain Representations for mutual settlements with the surrendering of mutual constitutional rights will create a regular cost of funds and increase the persistent demand for BILC. Over time, more and more BRs will be created on the platform, which will need BILC tokens as internal platform currency for effective development. This BILS tokens are actually needed for goods and services Payment, ViP acquisitions for intra-platform investment, guarantee amounts for placement on certain dates, funds attracting from the community of cryptofor investments in a wide range from IT projects to the tangible sector, payments to users as wages, and as payment of least possiblecharges for extra services of the platform in addition to the free package.

  1. Creating Realistic and Achievable Aims

 

Billcrypt is created for some realistic and achievable aims including, making an understandable, affordable and useful blockchain technology for all people around the world, creating an intuitive interface platform through Blockchain Representative (BR), and creating a global multifunctional. Additionally, it has an Intra-platform integration BR-2-BR, external integration with other projects, systems and services of Blockchain and integration with an offline business. The other is trying to evolve existing solutions and create an innovative brand-new economic model. Moreover, it has a valuable digital asset secured by Smart Contract codes of the ERC20 Standard on the Ethereum platform. One-time emission and limited to a total of 152 000 000 BILC. The token can be divided up to 0.00000001 BILC.

  1. Creating Economic Model Brand-New

What is meant by the evolutionary economic model is the development and increase in each BR capitalization automatically will increase the business volume. Billcrypt will make people all over the world easier and safe to communicate with the business they have already invested in. Furthermore, businesses and companies will simplify and make reliable contacts with their partners or investors. The integration system of Billcrypt also will create a global trust space in which any the needed information for decision – making is completely reliable. Substantively, the Billcrypt’s decentralized infrastructure is in security which will ease the interaction. It is guaranteed to increase the particular business efficiency and the overall capitalization.

The Billcrypt evolutionary token is a modern, innovative, high-tech and highly profitable way for investment. It is a key component of the system that offers internal mutual settlements.

Meanwhile, the Billcrypt digital asset is kept in the Ethereum blockchain and will persist for an indefinite period, even in the global scale catastrophe event, until at least one node of the blockchain network of many existing around the world will work.

All nodes are equal and independent. Data is stored decentralized and distributed all over the network. The system does not have a single owner who is able to manage it independently. Any changes in the system can take place only if most of the nodes accept and approve these changes.

Access to a digital asset BILC is carried out from anyplace in the world, in the existence of the Internet.

In summary, Billcrypt is providing all the participant with ready-made integration solutions for infrastructure and technology increating and managing virtual Blockchain Representation; developers can make their own DApp and link them to the platform, to receive a compensation from the owners of BR. The platform features will also be useful for analysts, forecasters and consultants.

That is the end of a little bit description about Billcrypt, especially for its project description, what is brought by Billcrypt platform and so on. Hope you enjoy reading this article. This article is far from the word perfect, but it may help you to recognize the new platform or system in blockchain technology.

Thank you for visiting this web! If you need more information, you can check these links out:

 

Ann Thread: https://bitcointalk.org/index.php?topic=5156161.0

Website: https://www.billcrypt.io?

White Paper: https://docs.wixstatic.com/ugd/2a8396_434624d0fe8246969f304fe7b0911ba3.pdf

Social media:

https://twitter.com/BILLCRYPT1

https://www.facebook.com/groups/BILLCRYPT/

https://t.me/BILLCRYPTnews

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

Point Pay Crypto Ecosystem

Point Pay Crypto Ecosystem

Have you known about the new technology in the crypto market that can manage, save and grow your capital? Now, the time is yours! It all only can be given by point pay. In this article, we serve you with the point payment system and ecosystem. Let’s go down!

In the financial markets, cryptocurrency is a fast-developing asset class. Because of its speed in both development and innovative features, there are variations among them and cryptocurrency need an unusual way of working with it.

Besides, there are also some issues such as, it is difficult to manage several cryptocurrencies because one must protect their private keys, and check for vulnerabilities in different clients for saving money, the user must remember the specific mechanics of different cryptocurrency. Therefore, the existence of point pay is much needed. It is specially created for the investors, traders, business and everyone who uses the banking system.

It is an all-in-one platform which encompasses the full circle of services around cryptocurrency point pay facilitates users with daily transactions on a digital platform. The users can get some service products such as bank crypto, crypto exchange, and crypto wallet. An available service will help the users to get the best experience in using the cryptocurrency technology banking platform.

Additionally, the platform will enable businesses and traders via its exchange platform for offering advanced capabilities, for instance, asset tokenisations and Initial Exchange Offerings (IEOs). Point and pay fees have already had contacts with more than 50 banks, 25 payment systems, as well as 20 lawyers who deal with the licensing crypto business issue. Moreover, it has 4 years of experience in supporting the payment systems such as signing a contract, working with banks and other payment systems. They are guiding a crowdfunding campaign through the sale of 500,000,000 tokens. The tokens of point pay will be carried out based on the Ethereum platform with the standard of ERC 20. The user security in the transaction will be guaranteed so that it has user trust in the digital platform. Moreover, it is quicker transactions and payment settlements. The total supply of its token is 1,000,000,000 tokens.

By using point pay, the users will get some features. There are 9 features. First, the low cost. The most important thing in implementing a cryptocurrency technology system is to build a system that is easy and the cost is small. Therefore, point pay comes at a lower cost. Second, the speed transfer. This feature is very helpful for the point pay users since it provides the best service with quick transfer process for every transaction needs. It supports everyone’s role to be able to communicate without boundaries.

Third, unlimited currency point pay serves the users with the unlimited currency which will help them to speed up the transactions and have only point and pay log in to overwhelm all their digital exchanges. The next feature that the users get is the facility of transaction. Maybe it is not far different from the conventional banking system which provides the users with the virtual currency cards, debit, credit, fiat and crypto. This service makes it easier to exchange at any time.Then, it also provides cryptocurrency loans. This feature enables users to get funds that they need. Besides, point pay has cryptocurrency acquisition that helps the users to do a transaction comfortably on the digital platform. The other feature is having online cellular banking.

In recent years, having online banking needs to be developed to follow digital evolution. It becomes one of the online banking providers with several facilities. It can be accessed with cellular use. This service makes users easier to catch every global transaction. One feature that point pay had is crypto forex trading, which makes the users get the ease of payments and asset security. Last but not least, point pay also offers users with crypto deposits and loans that enable them to use the cryptocurrency and get benefit from it.

Ann Thread: https://bitcointalk.org/index.php?topic=5146099.0

Website: https://pointpay.io/

White Paper: https://cdn.pointpay.ip/WhitePaper_en.pdf?cache=14

Social media:

https://twitter.com/PointPay1

https://www.facebook.com/PointPayLtd

https://t.me/pointpay_talks

 

Thepoint Payment Ecosystem

 The ecosystem of the crypto industry is very attracting not only the investors but also for ordinary users as the way to get maximum profit in a short time and a fast transaction of any kind of intermediaries. It is noted that many people like the idea of “finance without borders”. This is the reason why the cryptocurrency users’ number is tremendously growing and approaching the psychological mark of 50 million people. It is a very rapid growth dynamics. In 2018, its number reached 2000 and increased at the end of the year to be 2500.

 

 

Substantively, the point pay Payment System (PPPS) is used to solve one of the most pressing issues in the crypto market, for instance, the liquidity of crypto assets. It will be solved by integrating with payment providers and leveraging its cryptocurrency exchange service. There are 3 products of point pay as the following parts:

  • Point Pay Crypto Bank
  • Point Pay Crypto Exchange Platform
  • Point Pay Multi-Currency Wallet
  1. Point Pay Crypto Bank

The first point pay ecosystem is point pay Crypto Bank, which will have functions and features are the following explanation:

  • Crypto credit and crypto debit cards

By a credit card that connected to VISA/MasterCard electronic payment, the users can pay and withdraw funds in wherever they are. The application is developed in conjunction with the debit and credit cards issued. Also, it is guaranteed with the high security and acceptance of cards in almost any ATM in around the world.

  • Crypto banking

The expending of crypto credits to business and the receiving of crypto deposits through a personal account with a high level of privacy.

  • Car Loans for Buying Car

By issuing crypto credits, buy cars which allow making a contribution to crypto economics and improving the financing structure of a crypto bank and increasing crypto flows.

  • Cryptocurrency Mortgage
  • Cryptocurrency Deposits and Saving Accounts

Not only keep the cryptocurrency safe, but point pay Crypto Bank will also let the users receive interest charges due to the crypto bank saving accounts existence that ensures a decent profitability level.

  • Buying and Selling Stocks in Cryptocurrency

From a smartphone, the users can buy and sell stocks of any companies directly by using cryptocurrency. It is an excellent opportunity to expand the portfolio investment of any investor.

  • Cryptocurrency Transactions and Transfer Worldwide

It takes a lot of time and energy in any bank transfer. By using online crypto banking, users can enjoy the ease of making cryptocurrency and fiat transfers. They can transfer wherever they are. The thing that they need is the only smartphone which can access the internet.

  • The Provision of Services on the Forex Market
  • The ways to recharge the balance of the user account with the help of WebMoney, Yandex Money, payments systems, bank transfer, cryptocurrency, as well as with Visa and MasterCard bank cards.
  • Mobile Crypto Banking

Wherever the users are, they can do an instant online transfer both of cryptocurrency and fiat which is supported by Apple Pay, Samsung Pay, Android Pay, and Cashback and referral program.

  • Virtual Crypto Card

By the support of NFC technology, the possibility of ordering a virtual crypto card both of cryptocurrency and fiat money with instant receipt of details. Additionally, via any ATM anywhere in the world, withdrawals can be conducted.

  • P2P Loans

The platform of point pay will serve its users with the opportunity to get a loan from a private person or another banking institution. It is playing the platform role that unites both borrowers and lenders.

  • Cryptosoft for ATM

The team of point pay will develop software instead of the pointless release of expensive ATM terminals. It will be implemented in the existing ATM system of other companies.

  • Consulting Banking and Legal Services

It will help in opening fiat and cryptocurrency accounts.

  • Crypto – Acquiring

The opportunity of fast, transparent and anonymous payment of cryptocurrency of various goods and services in stores, cafes and restaurants using PXP token.

  1. Point Pay Crypto Exchange Platform

The first cryptocurrency fundraising campaign was accompanied in 2013. Through the funding on the initial coin offering or the token sale, thousands of startups have used this form of attracting investments and collecting millions of hundreds of dollars.

Meanwhile, in 2017 and 2018, the projects of cryptocurrency carried out the campaign of token sale directly on their landing sites and they listed the tokens on exchanges. Hence, in 2019, it is so-called IEO that refers to Initial Exchange Offering.

It is necessary to take into account to enter the IEO on top exchanges, startups need not only the huge fund amounts but also well-established business contact with representatives of the top management of these exchanges. On the other hand,point pay offers cryptocurrency blockchain projects to fascinate funding based on the well-defined and standards that will be developed by an experienced advisor with many years’ experience.

In this following points, we provide you with some benefits of the implementation on point pay exchange.

The first benefit is the benefits for the investors:

  • With established standards, the increased investor confidence as the exchange takes reputational risks on itself and evaluates the project for its compliance
  • “Gas Wars” or exclusion between investors competing among themselves for the right to be the first to receive the precious tokens during the token sale at a more attractive price
  • Get a low entry level for investment that democratizes the process and access to a wide range of crypto exchange users.

While the second benefit is the benefits for the project of cryptocurrency conducting token sale:

  • Can save money spent on marketing the projects, as the crypto exchange organizes the token sale to attract the investors
  • Have a guaranteed achievement of soft cap and hard cap by informing an advance crypto exchange users who have the potential to take part in a token sale
  • Can increase the token liquidity after making a listing on the crypto exchange.

Last but not least is the benefit for the point pay Crypto Exchange Platform:

  • Can increase the income from the trading fees
  • Can attract the new traders who were not registered on the crypto exchange
  • Can growth the cryptocurrency liquidity and deposit the assets to the crypto exchange
  1. Point Pay Multi-Currency Wallet

It is also one of point pay product that has functioned as the following:

  • Having an ability to securely save several popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and so on.
  • Having an ability to recharge the balance of several popular fiat currencies such as dollars, euros and yuan with the help of VISA or MasterCard, UnionPay, Payer, etc.
  • Having an ability to exchange the funds in the fiat-cryptocurrency
  • Having an ability to cash out cryptocurrency through the withdrawal on the Visa or MasterCard, Union Pay, etc.
  • Generating statistics on the overall account balance and displaying it in dollars, euros or yuans
  • Providing an up-to-date cryptocurrency rate data
  • Allowing the users to create a virtual portfolio of cryptocurrency that automatically calculates the value of it with the percentage of each cryptocurrency to the total number
  • Having an ability to create the user own cryptocurrency portfolio
  • Protecting the account login by a two-factor authentication system (2FA)
  • Having an ability to send money to business partners and relatives via SMS
  • Having an ability to accept payments in cryptocurrency on the website or online store
  • Having an ability to track all transactions performed in the “History of Transactions”
  • Having an ability to recharge the smartphone balance and pay utility bills

That is the ending of all about point pay technology and its ecosystem. Shortly, point pay is new blockchain-based banking in recent years that is purposed to facilitate the daily transactions of users on the digital platform. Through point pay, the users can get several service products from bank crypto, crypto exchange, and crypto wallet. These services will guide the users to get the best experience in using the blockchain technology banking platform. Additionally, it provides a security vector in each service.

To get the further detailed information you can visit these links:

Ann Thread: https://bitcointalk.org/index.php?topic=5146099.0

Website: https://pointpay.io/

White Paper: https://cdn.pointpay.ip/WhitePaper_en.pdf?cache=14

Social media:

https://twitter.com/PointPay1

https://www.facebook.com/PointPayLtd

https://t.me/pointpay_talks

The Revolution of IP Industry Via Tokenization in Colletrix Platform with Blockchain Technology

The Revolution of IP Industry Via Tokenization in Colletrix Platform with Blockchain Technology

Blockchain technology development to increase transaction convenience still leaves a variety of performance evaluations. The current transaction has led to digitalization, so everyone must prepare themselves for technology transfer. The opening of opportunities for the use of technology began since the internet can be accessed by everyone to get information from various parts of the world.

Everyone everywhere can be connected so that they have eliminated distance with faster communication. At present, the use of the internet is no longer limited to providing information but providing value. This is evidenced by the many platforms developed to meet human needs every day. One of the fastest growing platforms is the e-commerce platform.

The existence of e-commerce makes the need for a payment system that is integrated with the platform. That is what makes third parties the solution to making payments, but it requires time and money, so it is less effective. The level of security in transactions also needs to be questioned. The development of blockchain technology is also one of them to overcome the problem of payment.

The blockchain technology platform is presented to provide a payment system that can eliminate third parties. This makes transactions can be done more quickly. For data security, there is no doubt, and blockchain technology uses a decentralized system so that it can make every data secure with strict access rights to transaction data.

User trust can be built with a high transparency concept so that transactions can be known in real time. Most of the platforms that are currently built have switched to using blockchain technology because the features they have can help users to transact more safely and comfortably. Each user can also utilize blockchain technology to get profit from every transaction made.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

The Cryptocurrency in Colletrix Platform with Blockchain Technology

When you are used to using blockchain technology in transactions, you are already familiar with the term cryptocurrency. The use of cryptocurrency has been introduced since the emergence of bitcoin. That is also one of the right methods to speed up the transaction process. The concept of cryptocurrency is a digital form of fiat currency commonly used in real life.

The concept offered by Bitcoin has received a good response in the digital market. It also continued with the emergence of Ethereum as a significant cryptocurrency that developed. Payments on most blockchain technology platforms have also used the cryptocurrency concept to make it easier for every user. Colletrix platform also provides a cryptocurrency-based payment system for transactions.

Purchasing cryptocurrencies for the Colletrix platform can be done before making a transaction. It will make it easier for you to run transactions with smart wallet and contract usage. CIPX is the name for the cryptocurrency that runs on Colletrix. CIPX purchases can be made with well-known digital currencies such as Bitcoin and Ethereum. CIPX will be used as payment for all transactions in the Colletrix ecosystem.

Not only when you make a purchase, but every service you get on the platform will also use CIPX. The liquidity level of CIPX also needs to be increased so that the value becomes stable. It must be proportional to the flow of transactions that occur in the ecosystem. The amount of CIPX issued is also limited to ensuring that tokens are liquid at all times.

 

Who Participates in Colletrix Platform?

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

Everyone can participate in the Colletrix platform with several roles. Every role that is owned will make each user have a different contribution too. Roles that affect transaction liquidity include IP Owners, Merchandisers, Collectors, and Holders of CIPX. Colletrix is a unique platform to give the original IP owner access to opportunities to provide a lifetime license.

Each role will be connected when a transaction occurs in the ecosystem. The IP owner will be included in the unique NFT that is owned so that it leads to the secondary market. Merchandisers will determine what items can be traded in the ecosystem. Users who have a role as a collector can obtain merchandise with unique characteristics.

Every merchandise available in the ecosystem is a unique luxury item that can be customized. It can be adjusted to the owner of the IP. The authenticity of the product will also be maintained with the use of the blockchain technology concept so that product history can be known. Purchasing merchandise can be done using CIPX. An important role is also needed by CIPX owners to be able to provide tokens to users who need them.

Can a user have multiple roles? Yes, that might happen. Someone might be able to become a CIPX collector and supervisor. That depends on how users transact in the ecosystem. In essence, every person has an essential role in the sustainability of the ecosystem so that the more users who transact, the better the level of liquidity of the ecosystem will be.

 

What did the IP Owner do on the Colletrix Platform?

The IP Owner will obtain a lifetime license service that can be done through the adoption of NFT. The design and unique works of each IP Owner will be included in the NFT list that is owned. The NFT Marketplace will be a secondary market that might be created by this concept. Giving a lifetime license is also the best service so that the IP Owner will continue to be known for his work and allow him to get results from practices that are made forever.

Giving gifts to IP owners will be worth a fixed percentage of the NFT price made by the IP owner. The specified trading price will be generated from all NFT trades on the NFT Marketplace. Each NFT will be related to the Specific IP associated with merchandise. Demand from users will increase when IP is added, and the popularity of merchandise increases.

When collectors are interested in merchandise that has IP made by IP owners, the trade will become more active and intense in the NFT market. This will also increase the volume of CIPX trading at the same time. The increase in NFT sales volume will be comparable with NFT sales. That would be very good for increasing transaction liquidity in the ecosystem.

What Are The Merchandisers Do?

The new trading model will bring more benefits to traders by increasing the volume of profits. The incorporation of NFT also provides an original introduction to the uniqueness of products to be able to collaborate cross with different IP designs. The new concept encourages merchandisers to be more productive in producing works that can be traded on the ecosystem.

Merchandisers will have the opportunity to make only sole merchandise through the provision of IP licenses with NFT holders. That’s where unique merchandise will be located, and not everyone can have the same serial. Each NFT will be used on a limited basis to produce merchandise.

Certain limitations of the use of the NFT aim to protect IP owners. This concept will be attractive to collectors throughout the world. Everyone with a hobby of unique items with limited inventory will certainly like this business concept. Everyone can have the opportunity to own it by utilizing the development of the application of blockchain technology.

The concept will also help open new sales channels in the online market in the industry built on blockchain technology. NFT can prove product authentication through blockchain technology. The evidence can be done with historical records and the authenticity of goods through the blockchain. This is easy to do when containing NFT information so that it can provide more benefits for the merchandise.

 

Platform Attractiveness for Collector

The addition of popular IP designs is undoubtedly the main attraction of the integration of the world’s first crypto-physical products. The NFT presented with unique merchandise will be the main attraction for collectors. It is not limited to NFT collectors, but it can also be used for collectors of merchandise. This can happen because the NFT and merchandise have a limited amount.

For demand to be competitive, the offer will be limited. It can also increase high prices on the market. Popular IP designs that are represented by NFT can become new collector items for fans. This concept is presented with blockchain technology to provide full support for digital projects.

Active trading and NFT purchases drive high liquidity from CIPX and popularity. Blockchain-based technology will help provide audit trails so that it supports historical ownership. It will also include information about trafficking and ensure collections are real and inadequate for collectors.

The Benefits of the Colletrix Platform for CIPX Holders

Every part of the ecosystem will benefit from each transaction executed. IP owners will be more famous in their participation in the ecosystem. IP owners will combine their designs through publishing NFT and merchandise through the Colletrix platform. Collection of CIPX collectors and fans will continue to be added to increase demand.

CIPX will be used as the main currency as the tokenization of IP that is applied in the ecosystem. Besides, CIPX will also be used for collection and trading on the platform. CIPX Token holders can certainly participate freely in the IP economy because each transaction will require CPIX in exchange.

Increasing the number of owners of IP in the ecosystem will have an impact on the more merchandise and NFT generated on the platform. The increasing number of merchandise will help attract more consumers and collectors. This will have a great impact to increase the demand and expansion of the ecosystem. Each participant will place CIPX as an essential aspect of daily life.

The Mission of the Colletrix Platform Development on Blockchain Technology

The creation of new market values with the integration of IP tokenization will be an innovation from the use of blockchain technology. By introducing the NFT, the merger of the old economy and the new economy will be implemented. The period of making the license will also be extended for the IP owned.

Every trader participating in the ecosystem will be offered physical commodities that are run through the blockchain application. It can maximize attractiveness and provide more benefits from their products. The NFT involved can predict the interest of collectors by providing access to the crypto market. This will lead to new business opportunities similar to the creation of a franchise.

The Colletrix platform will be one of the first to inspire the mass transformation of economic integration in the world. It is time for the digital revolution to have a positive impact by increasing profits for everyone who participates in the ecosystem. The use of digital media must now be able to provide value so that it is not limited to information.

A world with a new economy will be realized by maximizing benefits for everyone. It will begin with IP and the creative industry. The industrial revolution will occur when IP owners can retain the rewards of proper licenses obtained by applying blockchain technology. Colletrix platform will develop the best concept for the realization of blockchain technology for the new economic era.

 

What is the Role of NFT as a Solution Offered by Colletrix Platform

Every purchase of physical goods will make the customer receive a unique private key embedded in the communication chip. This key can give the owner the possibility to redeem merchandise using the unique ERC-721 Token. The ERC-721 Token is a technology used in the platform to visualize unique and new digital assets.

The NFT that has been visualized will be a new and mapped asset class. That would be related to traditional merchandise. After it is successfully redeemed and traded independently, it can be returned as a digital asset. This innovative technology will restore luxury to conventional luxury goods and develop market value as a digital asset.

When the amount of NFT issued is strictly limited, it will be associated with merchandise. That will make merchandise very popular and has high trade value. The innovative technology view will bring the NFT to develop its market as a digital asset based on physical products. You can join to get a new experience with the adoption of blockchain technology in the new economic era.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

https://twitter.com/colletrix

https://www.facebook.com/colletrix.io/

https://t.me/colletrix

Posted by: kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

Blockchain Helping Rento as Sharing Economy Platform

Blockchain Helping Rento as Sharing Economy Platform

Nowadays technology is growing rapidly from year to year. Almost in every aspect of life, there are technologies that can help human life. One of the goals of technology is to make it easy for humans to do their jobs. Every day, more and more creativity arises that gives new innovations in existing technologies.

The development of technology today is inseparable from the demands of living. Humans are required to carry out various kinds of activities by not using too much time, space and money. This is what makes humans turn to use modern tools. However, it still requires humans to operate it.

Smartphone is one of the technology that is very close to humans and help in everyday life. Nowadays smartphone has a very important role in human life. Although its function as a communication tool, smartphone also simplify the business and work affairs of its users. As the name implies, you can do business with only one finger. Things like making a letter, sending an email and even transferring money, all can be done on one cellphone. You don’t have to bother opening a laptop to send an email or going to a bank to send money because it has been helped by the presence of a smartphone.

One of the technologies that have created and brought major changes is blockchain technology. Blockchain was introduced in 2009 which also coincided with the introduction of bitcoin by Satoshi Nakamoto. The blockchain is a decentralized system where each transaction does not require an intermediary. To be simpler, at this time every time you make a transaction, you need a bank as an intermediary in sending or receiving money. Meanwhile for the blockchain, there is no intermediary on the transactions made so that it speeds up the process and can be accessed by anyone because the blockchain does not belong to a company or individual. Everyone can access if there is an internet.

The blockchain technology is actually created because of a centralized software work system. When it is compared to centralized systems, the blockchain has many advantages. The strength of the blockchain is that it faces strong attacks and hacked servers. The transaction activity will not stop because there is another server handling the transaction unlike the centralized system that will be cut off once the system is being hacked.

These advantages make blockchain technology adopted by several digital platforms. There is a statement that if the global sharing economy of the industry is combined with blockchain technology, it will change the state of the human economy. One of the example is Rento. Rento is a global sharing economy application that offers loans for underutilized products or assets. The Blockchain offers transparency that can be accessed by anyone and that also applies to Rento in running its platform.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

Blockchain changes the global sharing of the industrial economy

 

Using blockchain technology is the right choice for Rento because the blockchain has the advantages of transparency, smart contracts, and irreversible records. This certainly provides an opportunity for Rento to be able to change the industry of sharing economy to become more advanced and trusted. If you are curious about what can be done by blockchain technology to change the industry of sharing economy, here are the list:

  1. Blockchain introduces transparency

One of the advantages of the blockchain is the transparency that occurs in every transaction. You can see and access information and transactions that occur. Data that is accessed and available is not possible to be manipulated because every changes in the data must be in accordance with the actual transaction. That is what will be applied to the Rento platform.

The sharing economy can run well if you get trust not only from the borrower but also from the product or asset lender. The blockchain technology will provide all relevant information about the assets or products to be lent. The information can also be accessed by each party easily just by connecting to the internet. With the transparency of the sharing economy, it can also minimize interactions between potential borrowers and lenders to maintain transparency in the ecosystem.

  1. Low transaction costs

If you make a transaction through a bank, there is an additional fee if you transfer to different bank. Usually each bank has its own set of costs for each transaction. Likewise, if you do an overseas transaction, you will be charged a huge fee which will automatically be deducted from your balance. This is because banks also consider the conversion costs of foreign exchange, transfer fees, and the cost of sending money.

On the blockchain, the transaction fees charged are far lower than centralized systems like bank. You do not need to pay more when doing every transaction on the blockchain even the cost is cheaper than through the traditional bank. Besides being cheap, the transaction process is only a fraction of a second. Unlike traditional bank transactions that take a long time to be processed. The ease, speed, and transparency of this transaction can occur also because of the digital cash.

  1. Fraud is less likely to happen

A transparent blockchain system makes all people who access can see all the relevant informations. So the possibility of crime and fraud is getting lower. The openness of the blockchain structure also complicates the movement of fraudsters to commit crimes. In addition, with the validation methodology, it will ensure the authenticity of each feedback provided. Therefore, there is little possibility of fraud on a transparent blockchain structure and every information is validated.

  1. Risk protection facilities with smart contracts

The smart contract exists with the aim of creating a binding agreement or agreement consisting of several parties. The smart contract was first conceived by a cryptographer named Nick Szabo. If you usually store the information in the form of documents, then in the blockchain smart contract takes the form of a code. Contracts that occur later are of a permanent nature that cannot be changed again.

Smart contracts are actually made to overcome trust problems that usually arise if people make a transaction or borrow goods or products. With the existence of a smart contract, payments and transactions will be guaranteed and deposits will also be saved when the goods are being lent. It certainly provides protection against financial risks that may occur when goods are lent. The smart contract also offers efficient risk priority mechanisms.

Rento was created to provide convenience and speed in borrowing goods. But besides that, Rento also wants to grow the sharing of the economic ecosystem more broadly than the existing industry. Like hotels and transportation that have already run the industry. Therefore, Rento wants to cover other fields that have potential in this sharing economy industry. One of them is daily products or services. The platform is created to facilitate all lending and borrowing activities using blockchain technology. The technology also will ensure international transactions run safely and smart contracts that facilitate goods collateral.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

The Key Components of Rento Ecosystems

 

As previously explained, Rento wants to expand its ecosystem to exceed the existing industry. To be able to run it all, of course, it requires the consistency and development of the main components of Rento so that the desired ideals are achieved. Therefore there are three key components of the Rento ecosystem. The three are:

  1. Rento Application

The application is one of the key of Rento Ecosystem. The aims of Rento is to share the industrial economy in a larger scope. So it will not only focus on transportation, real estate, and hospitality industries but also other industry which also is useful for people. Such as daily use items, office rooms, meeting rooms, equipment tools, hardware devices, construction tools, cameras, and other items, goods, or service that will likely be useful and needed. There are features available on the platform in order to make the rentals getting easier. Those are the feature for the users or the borrower:

a) The listing page

Listing page is one of the important feature available in the platform. In this section, there is a list of all the available products and services ready for being rented by the borrower. It also supports many classifications such as searching filter and geo-filters that will help you in searching relevant items needed.

b) Search Engine

This feature will help the customers to search what the product or service that they need. In addition, It also has the filter and sorting capabilities to make the customer easier searching product.

c) The Renting calendar

The calendar feature in the Rento application is used to see whether the product and service they need is available or not. Every product and service its availability can be seen in this feature. In addition, later Rento will launch its new feature called “Book-in-advanced” once the platform is launched. Users can also approach a product based on their listed opening.

d) Feedback

Rento provides feedback features where borrowers can give their ratings and feedback after renting the product or service that they need based on the experience that they get while using it. In this case, blockchain technology is very helpful in preventing and minimizing the feedback manipulative provided on the platform.

After knowing the feature of the users, there are also features available for the listing owner. The feature available helps the listing owner to monitor its active product or service which is being rent. Therefore, it is different from the users. These are the features for listing owners:

a) Active Listing

This feature will help the listing owner or the lenders to find its active listings in one location. The listing owners can also see the renting schedule for its product or services on the active listing page.

b) Listing and Advertising package details

For listing owners, they can access the details package on the dashboard. In addition, Rento will provide points to service providers or businesses if they have finished registering. Later, Rento will also introduce ad positions and premium listings after 2020.

c) Customer Insight

Customer insight feature is available for listing owners so they understand how the customers behaviour. In addition, this feature can also provide rental preferences and some parameters so that the business can develop better.

  1. Rento Blockchain

The advantages of blockchain technology seem to be suitable for the application of the global sharing economy. Rento is one of those who has used the technology on its platform. Rento creates an ownership blockchain that has different features for sharing the global economy. In addition, Rento made the chain specifically for the global sharing economy. Making sure that it is the best database needed for Rento ecosystem.

a) Custom Smart Contract Facility

At present, Rento requires a special smart contract that has the flexibility to be able to expand the functionality to face challenges in the future. It is because on the blockchain platform there are currently no special smart contracts that Rento needs.

b) Handle dispute resolution

When disputes between borrowers and lenders occur, Rento must have full control of the blockchain system. So it needs its own blockchain so that problems can be resolved in accordance with local regulations. This cannot happen if Rento uses a blockchain from a third party.

  1. Store Model Store

As the name implies, Rento Model Store is a rental shop that will provide various rental products such as household appliances, lawn tractors, and scooters. All rental transactions remain through the Rento platform. The presence of Rento Model Store can also strengthen credibility and promote the vision of sharing economy directly. Another advantage gained from using this service is that feedback will be immediately heard by Rento from the customer after they use the product or asset they rent.

The Rento Model Store service also opens up the possibility of becoming a franchise brand where if there are people who are interested in operating the Rento Model Store under the Rento franchise, they must achieve a number of conditions in accordance with the franchise agreement.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

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Posted by: kurniawan05

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