MERITT is an open protocol for self-employment creation and maintenance of peer-to-blockchain financial contracts. A unique decentralized platform, which today will be really in demand and popular. Intellectual contracts are the true guarantee of high quality execution of transactions. The Meritt project is ideal for decentralized clicks, proof financing and more. An open protocol for the formation of a chain and performance of peer group financial contracts
In this case, we can consider a simple algorithm of using the Meritt platform:
1. Set the goals for the new contract. The Meritt financial contract complies with the ERC20 standard, which establishes the basis for proof transfer and divorce. The transfer can be restricted by a closed group of users and temporarily suspended ?? (The money can be frozen).
2. Dynamic Payment Channel. Any payments received from the issuer of the contract (for example, payment of dividends by the company) to the member pool will be automatically transferred to the corresponding Stock Exchange where the issued Money is saved. The distribution takes into account the proportional distribution of the underlying asset.
3. Voice and bilateral communication. The voting mechanism may become public and the votes are transferred directly to the evaluation contract. Alternatively, the voices may be private and only the huts are presented in the contract to ensure the authenticity of the vote.
4. Bi-directional microphone information channel: Contractor issuer can send messages by providing a smart contract to all participants in information obligations. Participants can send messages to the issuer when a contract is required.
Easy to create contracts and implement it. Through the network of merit network Dapp, the company, looking for means, creates and issues a financial contract corresponds to the Gaucherie Agreement Penning and placed in a special contract for distribution, which automatically send the contract Money on receipt of payment of the participants (like a vending machine).
1. database for storage 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. Provide Meritt users with management and identity and other personal information in a self-contained environment and provide limited access to their data. The data itself can be independently hosted or stored in a distributed data store.
3. Several key features of the project
It is worth emphasizing the factors that can attract the attention of platform participants:
For the simple implementation and establishment of various financial contracts for Ethereum Blockchain
Agnostic asset class protocol
Financial contracts Merit can be securities, loans, mortgages, utilities, property or evidence for donations. For each issued financial contract, a specific ERC20 contract has been created. Key terms are committed and located on the blockchain
Transparency and confidence in the future Implementation of key terms and audits on invariably distributed books. Secure issuance and unproblematic services of financial contracts through intellectual contracts.
An ID of the sovereign identity card and insured property right
Participants can reveal full control and ownership of their encrypted personal data and identification data and information about zero knowledge.
Decentralized and free, without Commission Merit, without intermediaries
Decentralized blockchain architecture. Only the gas costs have been incurred. Carry out financing in a real peer
Conclusions
Meritt the creators of this unique decentralized platform are ready to give their customers the opportunity to engage in profitable, high-quality, secure transactions. Any intellectual property contract is the perfect guarantee of compliance with all conditions of cooperation. In this case, all participants in the transaction get reliable protection against any fraudulent schemes. In this case, all transactions are performed very quickly.
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By Martin Vunk :
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