Introduction
In a business the trust factor plays a key role whether it is between employees and employer or between a supplier and company, we have seen many businesses crumble, long-term partnership break due to mistrust and mismanagement of contractual guidelines. The current contract system based business has many flaws which lead to the inefficient execution of the terms and conditions mentioned in the contract. We have a little hesitation in case of new suppliers or new business who might cheat in the contract and may not properly follow the guidelines. Another key issue affecting the slow progress of major organization is lack of robust payment system which has created enough loopholes to be taken advantage of and many service based company are currently doing it.
The lack of a proper mechanism of payment clearance and contract guideline adherence has led to a messy scenario for many businesses who want to scale at the faster speed to realize their full potential and tap the full market opportunity thereby losing the large pool of revenue along with improved growth. Third wheel acting between two companies is generally a sour point which becomes a centre of all the problems and leads to stunted growth and poor sales. A company needs simpler rules, easy to use features, less interference, secured and safe network to thrive and grow their business in this cut-throat competition of digital world.
Living in digital world and not utilizing the opportunities it presents us with would be single most blunder we can commit to kill our business but if we choose to take advantage of the digital tools which increases efficiency and product output then we should be the first one to adopt and accept the radical changes this digitization has to offer in terms of payment improvement or better contract management system.
Solution offered
Jincor, a company based out of Russian Federation has come up with the brilliant idea of employing Blockchain based model using cryptocurrency called Jincor wallet or app which they will soon launch in 2018. The digital world based on Blockchain will support smart contract which is the contract between two parties created mutually on the predefined terms and conditions which are not corruptible. The smart contract can be created by any business whether small or big to create a set of rules to be followed during working with another party. They are secured, safe and non-corruptible because they are based on the blockchain methodology.
The digital wallet provided by Jincor can be used by any company or organization to deposit, store and transact cryptocurrency of its choice. Also, it removes the unnecessary hurdles of compliance to different terms and conditions set up by different governments thereby presenting a private smart contract only available to both the parties involved not even Jincor.
Key Features
The power to design and amend the rule of the network rests with the organization involved. The key feature of the Jincor, based on Blockchain is a creation of a miniscule decentralized private network which works independently yet they are in the network with each other.
To enable the entry of all types of business whether small or medium Jincor has decided to make the entry charge free where a company can register its data and history along with the portfolio. For paid versions of Jincor, there are many additional advantages such as digital verification, digital signature, the range of other financial instruments with cross-functionality between different cryptocurrencies available in the market.
To handle any unforeseen circumstances in case of a dispute between two parties when the terms and conditions of the execution of the contract are not well defined, there is a function of arbitrage available which tries to resolve the misunderstanding between two parties as soon as possible. To refrain from any bias and inclination in the case of arbitrage it is only conducted for digital verified users.
Token Sale Info
The Jincor token will be issued in November for ICO which is 76% total Jincor tokens available. There were 4% Jincor tokens sold during pre ICO period. The amount generated will be used for research and development for the Jincor. It will be utilized for product enhancement, reach a breakeven point and reach towards the global market.
There will tokens available on all major cryptocurrency exchanges. The Jincor token is developed on Ethereum Blockchain and adheres to the ERC32 token standard.
Team Behind the project
A group of experienced entrepreneurs and software developers who have already proven their mettle to the market are again up for the challenge in the creation of a better cryptocurrency usage adoption by organizations and people. They are resilient, dedicated team of people who are already supported by major institutions and investors in their great endeavor.
Why Should You Invest
If you want to be part of the latest crypto revolution sweeping the current financial world you need to be part of this ICO. This ICO is an opportunity for companies to make their corporate contract and payment mechanism easier and ready for adoption of cryptocurrency system. The smart contract based on Blockchain is the next big thing in the digital space which is bound to make businesses more transparent, safe, secure, and worth doing.
Visit:
Website : https://jincor.com
Whitepaper :https://s3.eu-west-2.amazonaws.com/jincor-ico/whitepaper.pdf
Written By : Kishan748
Btalk profile : https://bitcointalk.org/index.php?action=profile;u=1027561