Blockchain platform, Confideal has emerged to bridge the gap between the smaller circle of computer programmers and coders who understand the inner workings of blockchain technology, and their regular counterparts representing the larger population of everyday users.
The growth of user interfaces
Certain sectors of the blockchain ecosystem have already found user interface implementation, and this has boosted their adoption and application by the wider society to a very large extent. For instance, exchanges are popular nowadays because of their services as payment gateways that are enabling the public buy, store and spend their Bitcoins and cryptocurrencies effectively.
Innovations like the crypto debit cards are also becoming popular with most crypto gateways as elements that will bridge the gap between traditional systems and the emerging new world of the blockchain.
Smart contracts are already popular
Ethereum smart contracts are quickly becoming the darling of the blockchain community. It is finding implementation in numerous ways by many emerging startups.
In its most basic form, Smart contracts are self-executing contracts with the terms of the agreement between the parties involved being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. These enable the automatic execution of the terms of a contract once it is set in motion without further interference of any of the parties involved or an external party.
Traditionally, drafting and enforcing deals is constantly associated with the onerous need to involve third-party intermediary like banks, lawyers, and escrows which takes both time and money, especially when dealing with overseas partners. Smart contract technology eliminates administrative and legal barriers but requires programming skills to draft digital contracts powered by Blockchain on the daily basis.
A product for everyone
So far, most smart contracts that are built on the blockchain have required the services of experts who are well knowledgeable in the writing of codes and other blockchain technicalities. Even though this is usually normal whenever there is an innovation, for blockchain to achieve the expected adoption into the mainstream and become the universal solution that it promises, there must be avenues that will permit regular individuals to find easy application of the technology.
To this end, blockchain startup, Confideal is providing a simple interface that requires no programming skills to create and deploy smart contracts in the Ethereum blockchain environment
Confideal is a visual smart contract builder that makes creating, managing and enforcing smart contracts as easy as never. Confideal enables users with no coding skills to create an enforceable, self-executing and secure digital agreement powered by Ethereum for all types of transactions. In-built arbitration module allows resolving disputes in the Confideal environment picking the top rated arbiters without any need to reveal your personal data.
The platform offers a full stack of tools necessary to create, maintain and fulfill agreements, resolve disputes in one comprehensive environment arbitration module, owing to which users may easily access top-rated arbiters to resolve any disputes arising from the smart contract.
With a simple interface that requires no programming skills to create and deploy smart contracts in the Ethereum blockchain environment, this platform will essentially eliminate most of the overheads involved in employing external parties during development.
Other benefits of the Confideal platform
In order to achieve full control of projects, the Confideal smart contract development platform will enable users to achieve the following:
- Easy and accessible platform eliminates need in coding
- Data is encrypted and protected by Ethereum blockchain that guarantees the immutability of the terms of the deal, when no personal information is revealed even in the process of arbitration
- In-built arbitration module with best arbiters and unbiased rating. Arbiter is a qualified third-party legal firm or professional, chosen as an arbiter to resolve a dispute on Confideal platform
- Smart contract management option gives full control over the transaction (e. g. to close the deal, break it, set up fines and down payments, etc)
- The use of cryptocurrencies eliminates all barriers to payment, no need in an intermediary, resulting in the lower cost
As blockchain technologies moves towards achieving mainstream adoption, a fundamental element that will hasten this process and establish its stability is the application of user interface.
With Confideal as a visual smart contract builder, it is clear that the emerging technology is moving in the right direction.