CONTRACT VAULT BLOCKCHAIN
Blockchain based technology has the ability to transform traditional businesses. The distributed ledger technology is able to eliminate large amounts of record-keeping, save money and improve IT solutions. Blockchain is a foundational technology that can be implemented by any size of company to better it’s economical, social or technical system.
Blockchain is useful as it removes the governing body by decentralizing the process. It is a peer-to-peer network with a distributed timestamping server, where information is exchanged between disparate parties. Each user is an administrator, eliminating an overseeing administrator. This type of technology is useful to speed up processes, reduce costs and increase efficiency.
Today every transaction, contract and record is overseen by governing bodies that can take time to analyze, but with blockchain these critical functions can be kept up with, through digital transformation — blockchain enabled technology. In industries where change is needed to speed up processes, blockchain enables a future solution.
Blockchain will allow a world where every interaction between people and companies can be embedded in digital code and stored in a ledger. This process is transparent, secure and protected. Verified digital records and signatures would be stored, eliminating the need for intermediaries in the process.
For ContractVault the potential for disruptive applications built on the ContractVault platform is significant. ContractVault’s blockchain-based architecture and its potential benefits can transform and enhance traditional businesses.
WHAT IS CONTRACT VAULT?
Every crypto enthusiast knows that Blockchain creates contractual trust – and plenty of crypto startups already promise contracts. But Contract Vault is a much bigger proposition: the Contract Vault platform means anyone can develop, use, resell, customise and repurpose legally sound contracts – including activating smart functionality with no programming at all.
It’s a toolkit for building contracts as simply as drag-and-drop; a marketplace for selling them; and a secure environment for witnessing them. And it’s also a home for tomorrow’s smart contract automation. Effectively “confidence as a service”, Contract Vault empowers everyone from lawyers to ordinary people to make strong, binding agreements. Contract Vault is the new world of trust. And as well as creating seamlessness and reducing cost in existing transactions, the transparency and smart functionality of the platform means Contract Vault is ready to power emerging business models:
Token Sale (TGE): a record of truth, entitlement and ownership on one platform Tokenized Asset Trading: market functionality, entitlements and transfers, plus complex trading mechanisms all wrapped in transparent smart functionality Peer to Peer: insurance, crowd-lending, private share trading, micropayments etc.
Contract Vault is designed to be a successful business by becoming the foundation for other successful businesses.
To achieve a position at the heart of the modern legal ecosystem, Contract Vault has already built partnerships with the most advanced and forward-thinking players in the European legal framework, including:
Chain Security: the world’s first automated formal audit platform for smart contract
Laux Lawyers AG: Switzerland’s leading technology law firm
Validity Labs: Blockchain solutions, testing and independent audit services
Key Elements of the Vault Token Crowdsale
The early bird phase will run from May 1 – May 29, with a 25% bonus
The standard phase will run from June 1 – June 15
The Vault Token, denominated VLT, will initially exchange at: 10 VLT = 1 CHF (= circa 1 USD or 0.75 GBP depending on rates)
The minimum goal is 1M CHF
The hard cap is 45M CHF
To protect participators, pre-registration is mandatory in order to support banking-grade KYC checks.
The Vault Token Crowdsale is also supported by an airdrop of 50-500VLT for interested parties who join the Contract Vault Telegram group and promote the opportunity to their networks.
I wrote articles about more than 150 ICOs in last six months and spent hundreds of hours reading and thinking about them. I must say that I am impressed with everything about ContractVault project, from their website, promotion video, idea, already established business, a ton of documents and papers with use cases and business plans for the future and of course people behind this project. This is how you prepare a project for ICO and present it to the public and potential investors, and all future ICOs could learn from ContractVault. Big respect from me, For everyone else planning to participate in this ICO, I encourage you to join the project
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