Hello everyone, in this new dipostingan I want to introduce about Contract Vault project, and for more details let's just go to the following discussion:
Vault contract in short
Vault contracts are platforms that bridge the gap between legal contracts and smart contracts that create the creation, management and integration of contract processes on simple blockchains.
This is a solution to get everyone ready for a smart new world of smart contracts - and make it T ruly S mart.
Use the Ricardian Contract to combine traditional legal contracts with smart contracts, ensure their legal enforceability and enable the transfer of property and physical rights in blockchain.
Contract Vault is a Blockchain-powered platform that enables anyone to develop, use, resell, customize and repurpose legal agreements, as well as legal entities with legal or technical knowledge on the Ethereum Blockchain.
Contract Vault bridges the legal contracts and transfer of physical assets and rights on the Blockchain opening a whole new world of possibilities for the usage and adoption of Smart Contracts.
Contract Vault aims to build a vibrant ecosystem for individuals, businesses, legal professionals and Blockchain developers centred around an open marketplace.
Contract Vault is the new world of trust.
Every crypto-enthusiast knows that Blockchain technology creates contractual trust. It is a meaningful record of truth. That is why there are plenty of other startups already promising to improve contracts by using Blockchain.
However, we are thinking bigger. Contract Vault is a blockchain-powered platform on which anyone can develop, use, resell, customize and repurpose legally sound contracts. We are working with world-class legal partners to make creating contracts as can drag-and-drop.
That includes next generation Ricardian Contracts - contracts which marry natural language contracts with Smart Contracts and thus make them legally-enforceable. Smart Contracts, implemented correctly, have potential to facilitate agreements in thousands of existing and new contexts. Simply put, it is possible to modernize trade entirely, reducing the reliance on intermediaries, optimizing digital processes, lowering transaction costs and enabling tamper-proof transactions. By making Smart Contracts legally-enforceable so that they have the legal rights of arbitrary physical property, assets or rights entirely decentralized, secure and legally compliant.
Until now, Smart Contracts have come with significant risk - because like any powerful tool, without the right protections, they can go dramatically wrong. The Contract Vault platform includes independent, impartial verification of SmartContracts, plenty of off-the-shelf functionality, and legal resources on tap if needed.
With Contract Vault, people with no legal or programming knowledge will be able to design and execute legally enforceable and highly functional contracts for any purpose. Think of it as "confidence as a service" - empowering everyone from lawyers and businesses to ordinary people like you and me to make secure, binding agreements. From trading shares or selling Fine Art to unlocking micropayments in third world countries, Contract Vault is creating a new world of trust - and that makes our work a global opportunity.
Contract Vault is the place where this will change.
Users can construct their own reusable, customisable SmartTemplates or access a wide range of ready-made verified, legally-enforceable SmartTemplates which can be used to generate any kind of conventional or smart contract. Lawyers can provide advice, get access to secure smart contracts and use our tools such as SmartDossiers to collaborate with their clients more efficiently. Blockchain experts can offer their expertise and services directly on the Contract Vault Marketplace. Businesses can quickly and efficiently implement (smart) contracts tailored to their needs.
The Vault token sale
The Contract Vault economy is mainly based on the VLT token. The VLT token will be available starting from May 1, 2018. This whitepaper does not contain any information regarding the token sale. of the Contract Vault website for further information and please note that the linked information is subject to change.
Business model and tokenomics
The Contract Vault platform enables a variety of commercialisation approaches, some of which are elaborated on in this chapter. The examples presented here represent our current intentions based on the planned functionality of the platform. Therefore, the implementation of these or any other revenue streams is subject to change. Contract Vault aims to create a healthy token economy for the VLT token and as such actively promotes the usage of VLT on the platform.
The indicative roadmap and development priorities provided here are subject to change. We plan on releasing a public beta version of the Contract Vault platform in July 2018, which will include:
SmartEdit, SmartML and SmartTemplates
The Contract Vault marketplace for SmartTemplates
Private marketplace instances
SmartForms and contract drafting mode
The Vault wallet
Further development priorities depend primarily on the amount of funding available. Below is an illustrative example of Contract Vault’s development and incentivisation priorities related to the level of funding available.
To contribute and Know the progress of this offer, you may visit some of the following Links:
The bitcointalk name: Aray80
Profile link :https://bitcointalk.org/index.php?action=profile;u=1324910
ETH address :