Some details
Objective is to develop b2b web platform with product catalog and personal accounts, to set integration with system of smart contracts and payment system, to adopt using ECO cryptocurrency in platform and to prove web and server safety and reliable protection of users’ data.Platform',s intended use is completing deals between legal bodies. Authenticity of company’s data should
be verified with corresponding set of documents, which must be checked by moderator in all cases.Platform’s user can be both seller and buyer, he/she can view catalog, add goods to catalog, send requests for goods, add fee to wallet etc.Subjects of deals in the system are various oil products. As goods belong to high price range products, their quality should be confirmed by corresponding documents, and these documents should be also checked by moderator. When parties come to an agreement, it must be committed to smart contract. Platform was integrated with already developed smart contract system, based on Blockchain Ethereum. Smart contracts provide deal’s safety, and they are stripped of risk of being ambiguously interpreted thanks to being based on cryptography. The most reliable deal is one settled in cryptocurrency. ECO tokens are introduced in the system for this purpose. Deal’s functioning principle is – when smart contract meets all necessary conditions, seller’s and buyer’s wallets will be charged with corresponding amounts: buyer’s one will be charged with good’s cost, and seller’s one will be charged with security payment. Blockchain technology start working starting this moment – deal is recorded into blockchain and, if all blockchain network’s internal conditions are met, then seller gets the money, and buyer gets the goods.
