Contract Vault - A smart contract that serves as a bridge to protect the space that separates legal contracts and intellectual contracts
Blockchain technology has been with us for less than a decade, but we can see the strength and potential of the future. One segment of blockchain technology with most likely business applications and with the greatest real life value is the smart contract segment. Smart contracts can help us in many areas of life and make them cheaper, faster and more transparent without the need for intermediaries.
The legal system is one of the main pillars of a civilized society. It has been a part of our lives for hundreds, or even thousands of years in similar forms. As civilization grows, it grows and becomes more complex, as does the legal system. Through 20th century laws, it becomes a very specialized business field and the current layer most often represents just one branch of law. Even technological advances change many areas of our lives, we can not say that for law and the legal system. Looks like this will change thanks to blockchain technology.
ContractVault is a Blockchain-powered platform where anyone can develop, use, resell, adjust and reuse legally valid contracts. It's a tool to build contracts as simple as drag-and-drop, a market to sell them and a safe environment to watch them. We are also home for tomorrow contract automation tomorrow; where a fully automated contract leads to an event like money changing hands or a document that is being updated. From buying a house to unlocking micropayments in third world countries, Contract Vault is a new world of trust.
The platform is designed to be a bridge that will protect the space that separates legal contracts and intellectual contracts. Through process, establishment, management and contract integration, each process within the block chain can remain simple. This is the final decision that will attract everyone involved in a new world full of intellectual contracts, and for the first time they will be truly intelligent and legally worthy.
The whole process combines the Ricardian contract with a more original contractual style to make smart contracts. Together they will provide the legal force to ensure the transfer of material rights from goods held in detachment.
ContractVault aims to integrate smart contracts with the legal system to make contracts easier to build and use. Today's contracts are hard to make, complicated, and expensive.
ContractVault aims to create a platform that allows users to easily create smart contracts that are legally enforceable. This will reduce the cost of contracting, increasing transparency and allowing anyone to make legal contracts in blockchain.
Ecosystems
There are three parties involved in the ContractVault ecosystem, and all will benefit from the use of this platform. Lawyers will gain direct access to many new customers who need their expertise or advice, without the requirement to learn or use any programming skills. Smart contract developers will have an open source platform and access to customers who need their knowledge and expertise. A third party consists of all persons who require legally binding smart contracts.
Platform ecosystems will be rich and diverse and will be ready to accept legal counsel, experts in chain blocks and cryptography, and users will eventually be able to get expert advice from arbitration and mediation.
This is a fully accessible interface that allows you to create, test and manage your own smart contracts and only using mobile devices or browser capabilities. And on the market there are organizations apart from some legal and technical templates that can be used for various purposes.
How does contract storage work?
The platform is designed to be a bridge that shadows the space that separates legal contracts and intellectual contracts. Thanks to the process, aspects of contract creation, management and integration, every process in the block chain can be kept simple. This is a final decision that will attract everyone involved in a new world full of intellectual contracts, and for the first time they will be truly intellectual and legal.
The whole process of collecting the Ricardian Contract, with a more original contractual style to create an intellectual contract. Together they will provide the force of law, which guarantees the transfer of material rights from goods stored in the unit.
The ecosystem platform is rich and diverse and adaptable to legal advice, blocking experts and cryptography, and users will eventually be able to get expert advice on arbitration and mediation.
This is a fully accessible interface that allows you to create, test and manage your own intellectual contracts and use only mobile devices or browser capabilities. And in the market there are separate organizations from various legal and technical templates that can be used for various purposes.
Token
VLT tokens are used to pay contractual templates and legal services. For lawyers, they receive VLTs to audit or contract.
50% of VLT tokens are sold with hard-stamp 45 Million Swiss Francs, or about 45 million USD. This is a rather high hat but also a relatively high percentage of tokens dedicated to public sales.
Supply and distribution
maximum number of tokens: the maximum total amount for all VLT jobs (including Private Pre-Crowdsale for certain individuals and individuals, Phase I and Phase II sales, as well as contributions from private companies and individuals, which have strategic importance for Vault Contracts) will be defined as hard cap and equivalent to 45,000,000 Swiss francs (excluding fees received from contributions to the contribution process (maximum goal).
Vault Token LTD may, at its sole discretion, determine that the maximum goal is reached when the aggregate funds are transferred to the Intellectual Contract System in the Máximo El Objetivo area, despite the fact that the total amount of purchases is received by the Intellectual Contract System. less than the maximum goal (for example, if the total number of purchases not added) is the maximum target).
Supply of general VLT tokens: the maximum value added VLT is 900,000,000 VLT. The total amount of VLT will depend on the offer, which will be implemented effectively during PreCrowdsale toll sources, Phase I and VLT Phase II (TotalVLT Token Supply).
Current sales
Links to sites that sell tokens and registration forms will be published shortly.
Token sales will make it possible to grow businesses and products, attract new talent, create business integration and pay for content.
PRE-CROWDSALE
December 1, 2017 - January 31, 2018
The phase is complete
PHASE I
May 1, 2018 - May 15, 2018
PHASE II
June 1, 2018 - June 15, 2018
Who is behind the Vault Contract?
There is a large group of investors, lawyers, and technical specialists promoting the project. Each checks LinkedIn profiles and can be checked by checking their background in social networking profiles. The fact that the Vault contract fully discloses all the information about the people who work in the team and the location of the headquarters is a very good sign. To be reliable, companies must have full disclosure about who they are and where they come from. And Contract Vault does this, they do not try to hide or hide personal information. As far as we know, they work with honesty and full transparency.
For those of you who are looking for a quality company that invests in it, reliable, then you will be awarded a contract agreement.
Conclusion
Contract Vault solves a big problem in smart contracting. By making it easy to publish, easier to read by ordinary people, and having multiple translations for actual legal contracts, it ties into the world of smart contracts with the real world. Ordinary people can make personal or business agreements, and businesses can make contracts that are automatically enforced at low cost. Because they are using a Ricardian contract, it is also possible that contracts created by Vault Contracts may be legally valid.
There are some risks to the project, the main thing is that the regulation will take time to adapt to the digital contract, but because the Contract safes provide useful functionality even more than that, we think this is a good project. In terms of return on investment, we also like this one, but its hard cap of 45M CHF is quite high and should be remembered.
Disclaimer: ICOBriefing conducts initial research of token offerings. As the project progresses, details can change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
So the explanation from me about ContractVault. Immediately join this project to get what you want, to be able to find more information about this project, you can follow some of the official links below:
Website: https://www.contractvault.io/
Twitter: https://twitter.com/Contract_Vault
Telegram: https: //t.me/cvchat
About me
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ETH Address:
0x52242EF3Dcc07135c5176aC7bD9412Cf783253C9
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