INTRODUCTION
Jincor is a wholesome, secure, compliant and breezy to use platform based on Jincor Private
Blockchain, that will allow any business to work with smart contracts and cryptocurrency
payments easily with no legal, technical or operational complications and in a cost-efficient
manner.
Overall, our goal is to 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 userfriendly,
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.
CONTEXT
Each organization has its own needs, which correspond to its business area and corporate
structure, therefore, our solution deals with a few of the most common ones which are vital
to every company.
Smart contracts, which are, actually, a self-executing code on blockchain that automatically
implements the terms of an agreement between parties, can be used every time when there
is a clear cause-consequence logic. Imagine this: you want to order some goods from a new
business partner, but there is always a trap of mistrust – you don’t want to pay until getting
your goods, and your partner doesn’t want to ship it until getting prepayment.
What if it’s a
cheat? With smart contracts, it’s possible to sign an automatically performed and
unbreakable agreement with certain predefined terms: as soon as you receive the delivery,
your counterparty gets the funds. As simple as that. No more fraud, massive amounts of
paperwork, and also intermediaries like banks, lawyers, brokers, and notaries, which are
usually associated with significant costs.
3
Smart contracts and crypto wallets in blockchain enable direct payments between companies
and individuals, with no middlemen involved (including Jincor). In terms of revenues, it can
save your business up to between $2700 and 3300 in annual bank account fees.
MARKET
As it was stated in the Harvard Business Review, blockchain technology has the potential to
become the backbone for recording all transactions and will create new economic value by
dramatically lowering the cost of transactions.
According to a recent Accenture research, published at the beginning of 2017, investment
banks alone could save up to $12 billion per year by adopting blockchain and smart contracts.
Gartner estimates that by 2022, ratified unbundled (that is, defined impact) smart contracts
will be in use by more than 25% of global organizations.
PRODUCT
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 plan to provide 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.
COMPANIES AND PARTICIPANTS
Companies module is a web microservice, which includes the profiles of organizations, their
departments and the lists of participants. In Jincor ecosystem this module allows to manage
the company, create suborganizations, send invitations to employees and define their
functional roles within the organization.
The public profiles of companies are used to process search queries of Jincor users (we apply
elastic search to get more accurate search results).
The Companies module has an intuitive and user-friendly interface (pict. 1), so that any web
user will be on firm ground when using it.
Pict 1 jincor search
The public profile (pict.2) is a kind of digital business card, which allows any person or
organization seeking for cooperation with the company to contact it with a single-click ease.
It provides basic information, such as trading name, type of business (private/public
company, non-profit organization, public authority or other), headquarters location, industry,
brief summary, website, contacts and social media links.
pict 2 proile of organization in Jincor
Participants, along with organizations, are able to have individual cryptocurrency accounts,
that can be used for delivering payments, getting wages, dividends or other financial gains.
Regular transactions based on a set of well-defined elements, such as a dividends distribution
policy, labor contracts, loan agreements and etc., can be easily organized on Jincor with the
use of smart-contracts, which allow to eliminate the human mistake factor and build the
utmost transparent and fair relationships between employers, employees and other
participants of Jincor ecosystem.
TEAM
Jincor is created by a team of enthusiasts united by unshakeable faith in technological
progress and aspiration to make the world a better place. Up to now, there are 19 people in
the company, and each of them is an expert in their area of responsibility. The full list of Jincor
team members is available on our website.
Vagan has been doing business since his university years (Financial University under the
Government of the Russian Federation). After graduation in 2013, in cooperation with another
Jincor cofounder, Vladislav Kirichenko, he set up his first company — Triumph, LLC, which
cumulative revenue for the three years of its existence amounted to more than $5 mln. In
2015, Vagan took up a position of crisis manager in Munchies, a large manufacturer of readymade
food products. In the first three months Vagan managed to bring the loss-making
company to profit, completely change the staff and upgrade the equipment; after just a year
of Vagan’s management, revenue figures increased twice.
Vlad has entrepreneurial experience took place in 2013, when Triumph, LLC, engaged in milk
production and wholesale trade, was established. Two years later, the vector of Vlad’s activity
shifted towards project management in the industrial agriculture field, which involved the
promotion of vertical farming technologies in Russia, which are now widely used in
pharmacology, breeding and biotechnology.
Andrey Has been involved in commercial products development for more than 8 years already. Most
of his experience comes from web development of highly loaded services, including large
electronic trading platforms, and also cooperation with fintech companies. At the very
beginning of his career Andrey developed a social network game called ‘100 to 1’ — the
number of its users reached 10 mln people at the peak. Later, he worked for an international
business incubator Rocket Internet.
Conclusions
The full feature set of Jincor will include corporate cryptocurrency accounts with digital
verification for full regulatory and business compliance of cryptocurrency transactions, smart
contract templates, which will make it possible for companies to transfer all the legal and
contractual relationships into trustless blockchain environment, and a decentralized arbitrage
system, which will allow to settle disputes arising with the execution of smart contracts within
the digital jurisdiction.
Contact us
Web : https://jincor.com/
Twitter : @jincor_ico
Facebook : Jincor
Linkedin : Jincor
Bitcointalk : Jincor
Blog : Jincor
Telegram : Jincor Community ENG
Tidak ada komentar:
Posting Komentar