A smart contract is a computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts have been used primarily in association with cryptocurrencies. Currently, the most pre-eminent smart contract implementation is the Ethereum blockchain platform, where developers can create ‘trustless’ decentralized applications (DApp, Dapps, stylized ĐApp).
Confideal is a new decentralized smart contract enabled blockchain platform with advanced features that no others have and supports all entities ranging from large enterprises all the way down to individuals.
INTRODUCTION TO THE CONFIDEAL PLATFORM
Confideal is a smart contract platform where creating, managing and also enforcing smart contracts is now more efficient and easier than ever. The company recently revealed a demo of its smart contract constructor where users do not need to understand a single linen of coding but can be done through a newly designed graphical interface.
Why Is It Coming To The Market?
It is coming to the market to facilitate negotiations of contracts for large firms, small enterprises, and individuals.
Confideal promotes transparency and it makes essential business tools available to anyone without legal or coding skills. It offers an innovative opportunity for enterprises, small companies and individuals to deal without a middleman or intermediaries. It brings the power of blockchain technology in every contract you make facilitating secured transactions and efficiency.
THE USE CASES
Thе first uѕеrѕ оf Confideal wіll bе individuals and companies whо аrе аlrеаdу involved іn сrурtосurrеnсу-bаѕеd buѕіnеѕѕеѕ, bесаuѕе thеу are mоrе aware оf thе аdvаntаgеѕ оf thіѕ tесhnоlоgу.
Mіnеrѕ саn create equipment supply соntrасtѕ, сlоud mіnіng power rеntаl contracts; Blockchain-based соmраnіеѕ mау uѕе contracts fоr рrоvіdіng services аnd/оr еmрlоуmеnt соntrасtѕ; Exроrtеrѕ and іmроrtеrѕ саn make international ѕuррlу dеаlѕ wіth ѕmаrt соntrасtѕ; Rеаl estate аgеntѕ mау use a сrурtосurrеnсу-bаѕеd еѕсrоw ѕеrvісе.
Hоwеvеr, Cоnfіdеаl еnvіѕіоns a future where blосkсhаіn іѕ massively аdорtеd. Smаrt соntrасt technology together with technological аdvаnсеmеntѕ in оthеr аrеаѕ hаvе unlіmіtеd орроrtunіtіеѕ.
Some оf thеm аrе:
- International dеlіvеrу оf саrgо uѕіng GPS-trackers
- Freelancing ѕесurеlу without іnvоlvіng thіrd раrtіеѕ
- Rеntіng hоtеl rооmѕ with IoT dеvісеѕ (ѕmаrt lосkѕ)
- Crypto cаr lеаѕіng wіth automatic рауmеntѕ
Confideal has four major use case segments, which are:
INDIVIDUALS
Confideal can be used by individuals to carry out great deals as it requires no basic programming knowledge and a swift deal as it ensures a secure dealing with verified escrow agents. Some examples of ways in which individuals can use the Confideal:
- Freelancing (online services)
- lending an apartment (with a smart lock)
- Escrows for deals with real estate
- Car Leasing
- Cryptocurrency as collateral (crypto pawnshop)
SMALL BUSINESSES
It can be used by small business for lots of activities, less stress, and efficient network facility. These small businesses can use it for the following activities:
- Delivery of containers
- Internal deals
- Long-term contracts with delayed or step-by-step payment
- Chained contracts (derivatives)
- Multilateral contracts
LARGE ENTERPRISES
Large enterprises can also use it for delivering their services to their customers or clients as the case may be;
- Delivery of containers
- Internal deals
- Long-term contracts with delayed or step-by-step payment
- Chained contracts (derivatives)
- Multilateral contracts
ONLINE BUSINESS
For an online business, its aim can be essential and be used for the following:
- Online services
- E-commerce
- Affiliate systems
- Creating custom ERC20 tokens
- TGE (ICO) contracts
WHAT IS THE FUNCTION OF CONFIDEAL (CDL) TOKEN?
CDL is the symbol for Confideal’s token. It is the internal cryptocurrency of the service. You can make transactions in CDL and also CDL token holders are able to buy ERC-20 tokens collected by Confideal from 1% fees with a 33.3% discount.
The earliest backers will receive bonus CDL based on the amount of Ether received.
ICO starts the 2nd of November and as soon as the ICO is finished (on November 22, 2017, or when the hard cap is reached), the token generation smart contract will automatically calculate all the bonuses and distribute CDL tokens to Ethereum addresses from which ETH was invested.
The distribution of CDL can be seen below:
Pre-ICO ……………………………..……….6%
ICO……………………………………………74%
Bounty……………………………………….10%
Team…………………………………………10%
Everyone can participate in the CDL token except for residents of countries in which there are regulations regarding cryptocurrency and ICOs. Confideal is a smart crypto with bright and elegant features that could shoot and skyrocket after its ICO. This is a great opportunity to invest on this crypto that has promising features powered by Ethereum blockchain technology.