Overview:
Contract Vault is a blockchain platform which is making it possible for anyone to create, use, resell legal contracts. In today’s world where blockchain technology is emerging day by day the gap between legal contracts and smart contracts still needs to be bridged. Smart contracts are expensive and needs technical knowledge which creates barriers for the users to use it who do not have technical knowledge. In Contract Vault platform it is not necessary that the users must have programming or legal knowledge to develop contracts on this platform. Contract Vault will also provide templates on its platform which will make the process easier for the users
Problem:
Blockchain technology is entering every field to revolutionize the technology but lawyers, consumers, developers are not able to reap the benefits of blockchain technology. Smart contracts require technical knowledge to access it and it also quite expensive. Getting advice for legal and technical aspects is not feasible for users because it is expensive. Coming towards contract templates which are currently available, users are not able to use it because it requires legal knowledge and it is not properly drafted.
Solution:
Contract Vault is solving problems of conventional contracts and smart contracts. It is providing users smart templates where they can create their own conventional and smart contracts. Contract Vault also provides advice and expertise from blockchain experts and lawyers to the users on its platform.
Features of Contract Vault:
Smart Templates:
Smart templates enable users to create their contracts or legal agreements which are reusable. It also consists of variables, metadata, conditionals, calculations, Smart Contract logic, signatures, identity and Sub templates. The legal agreements developed on this platform can also be used offline by the users.
Smart Edit:
Smart Edit is used to create smart templates with template mark-up language ‘SmartML’. It is used to create simple smart templates for common users and complex templates for professionals.
Smart Dossiers:
Smart Dossier is used to link multiple smart contracts. The variables which are common in these smart contracts can be inputted only once. The smart contract only needs to be created once by selecting all the variables and conditions and then it can relate to smart dossier through which a single link can be sent to the clients.
The Vault Wallet:
Users can reap the benefits and services from the Contract Vault platform by using VLT tokens. The users of this platform will have their VLT tokens stored in their Vault wallet. They can also earn these tokens by contributing on the platform. VLT tokens can be purchased by using fiat money.
Team:
• Gordon Mickel - Founder & Managing Director
Gordon studied Computer Science at the University of Basel and has 20 years practical experience delivering production grade software. He has been involved in Blockchain technology since 2013 and is especially interested in the Ethereum project and the possibilities of decentralized apps.
• Perica Grasarevic - Founder & Chief Counsel
Perica holds a Master of Law from the University of Zurich. As the co-founder and General Counsel of Swiss Cryptotech GmbH, a company providing consulting services in the Blockchain and cryptocurrency area since early 2014, he has gained broad experience on which he can fall back on for this project
• Daniel Killenberger – Developer
Daniel holds a Bachelor’s Degree in Computer Science with a focus on artificial intelligence from the University of Basel, and has been engaged with Blockchain technology and cryptocurrencies since 2012 after hearing about Bitcoin.
Token Matrix:
PRE-CROWDSALE 1st Dec 2017 - 31st Jan 2018
PHASE I - 1st May 2018 - 29th May 2018
PHASE II - 1st June 2018 - 15th June 2018
Ticker: VLT
Token type: Ethereum ERC-20
Total supply: 900'000'000
Soft Cap: 1'000'000 CHF
Hard cap: 45'000'000 CHF
Verdict:
Pros:
• They have a good hype on Telegram. There are 26275 members on their Telegram group.
• The core team has six members. All the team members have good experience and background of technical, blockchain, Finance and law.
• The team of advisors is good, and all the advisors are from different background including blockchain, IT, Law, digital marketing etc.
Cons:
• The Twitter page of this project has around 3000 followers which is less.
• The whitepaper of this project is not properly structured.
• The roadmap does not give any clear information about their milestones achieved and future events.
• The MVP of this project is currently not in the market.
Website: https://www.contractvault.io/
Whitepaper: https://www.contractvault.io/files/Whitepaper.pdf
Telegram: https://t.me/cvchat
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c
