Jincor will build a private blockchain and the platform that will make it possible even for smart enough (tech-savvy, heavy iPad user) 5-year-old kid to register in Jincor ecosystem, initiate the smart contract and pay to a supplier. And that’s all in a very user-friendly, compliant and legal way. In our opinion, this will lead to a complete changeover in the corporate interactions model, which will eliminate injustice, flaws on business commitments human mistakes factor and make businesses (including small) from all around the world much closer to blockchain technologies and vice versa.
Jincor ecosystem is a combination of decentralized (dApp) and classic web applications that let anyone create organizations and manage them on private blockchain based on Hyperledger technologies without any technical insight. Jincor provides all the functionality that one might need while doing business, including instruments for effective management companies and employees, bills in cryptocurrency, crypto payments, and smart-contracts templates. On top of that, third-party corporate applications can be connected to the Jincor ecosystem in “single-screen mode”. More info about technical details you can find in our Yellowpaper. Thus, here we will try to extremely simple describe the mechanisms of work our applications and modules.
How it works?
The contract takes force as soon as both parties sign it with e-signatures and requires specific elements in order to be executed automatically. For instance, a first-order requirement is the presence of cryptocurrency accounts of those involved. In other words, the
executable code should have unhindered access to the smart contracts objects. Besides that, all of the smart contract conditions should be described mathematically and have a clear execution logic, and this is the reason why the first smart contracts in Jincor will be based on the simplest corporate relations, which involve just a few elements. Given that the code has the full access to the objects of an agreement, its execution and compliance will be handled automatically with account for the fulfillment of the smart contract conditions.
In order to further the development of the platform, reach breakeven and get to the global market as soon as possible we are going to raise extra funding by running an ICO campaign.
JCR tokens are developed on Ethereum blockchain and conform to the ERC20 Token Standard.
Jincor will issue 35 000 000 JCR tokens, most of which will be put on sale. The base cost of tokens will depend on the popularity of the platform Registering at Jincor.com and evaluating the advantages of Jincor’s ecosystem is free of charge for any business. However, if companies want to use digital verification, smart contracts and crypto payments they will be charged in JCR tokens. Growing demand for JCR tokens from Jincor’s corporate users combined with a fixed total token supply (35 000 000 JCR, no further emissions.) will ensure a stable, long-term growth of a JCR token price. Prices of Jincor services will be expressed in JCR tokens and calculated dynamically based on current token conversion rates, so that users will be charged with a fixed fiat value that is unaffected by JCR price fluctuations.
- Token JCR
- Supply: to be announced
- Platform Ethereum
- Accepting ETH