This idea is very interesting...however the arbitration can be ensured by smart contract, how about "execution" of the arbitration result?
I mean, some users of this app could ignore decisions made by the arbiters right...if execution can't be guaranteed, the system will be broken anyways...
Topic: [ANN][ICO] Confideal | Smart contracts management service and arbitration module - page 28. (Read 15349 times)
October 21, 2017, 06:46:58 PM
October 21, 2017, 07:23:23 AM
Do you have a bounty program?
October 21, 2017, 06:30:31 AM
Signed up for the project. How did you come to this idea?
October 21, 2017, 05:58:39 AM
What languages are planning to launch the platform? Will there be a localization project to be supplemented in the future?
October 21, 2017, 05:21:13 AM
Hello. Provided I pay the Deposit by the contractor in case of poor quality it will fulfill its duties and will spend the time the customer?
October 21, 2017, 05:12:55 AM
When buying goods from another country by entering into the smart contract through Confideal can the service to provide a service for GPS-tracking of delivery?
We planning to add this feature in the 2nd quarter of 2018. You will be able to update the contract with incoming information from external sensors (GPS data, meteo data, electronic locks, etc.)
October 21, 2017, 05:07:06 AM
How is the selection for the post of arbitrators? Are there any criteria for the selection of an experienced professional?
The main criteria - arbiters need to confirm their status as professional arbiters. Arbiter is a qualified third-party legal firm or professional, chosen as an arbiter to resolve a dispute on Confideal platform. The choice of an arbiter for a particular contract is made by the counterparties themselves, before entering the deal;
October 21, 2017, 05:03:38 AM
The change rate of the value of cryptocurrencies will affect the value of the goods or services described in the contract or the price is fixed at the conclusion of the smart-contract?
Now, this option is missing, we can't take such risks. In future, we are planning to peg the value of the contract to the dollar.
October 21, 2017, 04:15:30 AM
The idea is very interesting. I think it's worth a try. Service smart contracts are very important and necessary. I wish you success and hope that all works out.
October 21, 2017, 02:49:17 AM
Can parts pay smart contract as the second party of its duties, if the transaction amount is big?
October 21, 2017, 01:55:10 AM
How is the selection for the post of arbitrators? Are there any criteria for the selection of an experienced professional?
October 21, 2017, 01:27:43 AM
When buying goods from another country by entering into the smart contract through Confideal can the service to provide a service for GPS-tracking of delivery?
October 21, 2017, 12:49:13 AM
Its an great concept,I will definitely support it.
Thanks for sharing this.
Thanks for sharing this.
October 21, 2017, 12:41:22 AM
Hi, arbitrators with a negative rating removed from service or they can continue to work?
October 20, 2017, 11:53:52 AM
Can I pay the fee of your service only tokens CDL? It is possible to pay to use other cryptocurrencies or Fiat?
You can't pay for service in fiat but when you make payments with ETH, 1% fee is applicable, 1% fee is not applicable for payments in CDL tokens
October 20, 2017, 06:44:17 AM
Smart contracts is very necessary for us .this is special service is even better ,have more market value ,i will support this project when it start.
October 20, 2017, 06:26:07 AM
Can I pay the fee of your service only tokens CDL? It is possible to pay to use other cryptocurrencies or Fiat?
October 20, 2017, 06:13:42 AM
Well done guys. Join and will invest
October 20, 2017, 05:25:42 AM
Smart contracts are stored in a database for your project? If so, is there any chance that someone will be able to view the terms of contracts?
In order to ensure confidentiality, smart data necessary to the fulfillment of the contract is stored on the blockchain. Our interface allows entering all the required contract terms without having any programming skills: the name of the contract, the text of the agreement, the payment volume, due date, the wallet address of the counterparty.
October 20, 2017, 05:05:07 AM
What problems are solved by the project Confideal, which regularly encounter companies and individuals who conduct international transactions?
1)Counterparties interaction (Contracting). The organization of international deals is an a priori more involved process than that of domestic contracts. For that reason, the partners tend to simplify the contracting process by conducting the entire workflow via the Internet. This approach creates additional risks - it becomes possible to modify contract data without the partner’s knowledge, forge signatures in Photoshop, etc.
2)Foreign exchange regulations. There is a possibility of severe time delays in the countries with strict forex regulations. Delays of five or more days are quite probable, and sometimes banks can deny payment processing outright, not explain.
3)Arbitration. In case of disputes, there can be one more type of costs: the average cost of an arbitration procedure today is 2.5 million USD, and it takes no less than six months to be completed. Such losses are inadmissibly expensive for SMEs (Small and Medium Enterprises).
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