Smartplace: Stand-alone barter platformHello. 👋🏻 In this article, we’ll walk you through the Barter Smartplace platform.
🔗 Smart contracts and their benefits
📌 Smart contracts have long established themselves in the financial sector because they have incomparable advantages over the traditional approach. They are valid only after all the terms of the agreement have been fulfilled. Smart contracts guarantee that all parties fulfill their obligations before any funds are transferred.
📌 This level of automation also greatly reduces the risk of human error in inspection procedures. However, smart contracts are still not widely adopted in the legal industry.
✅ This is why Barter is looking ahead and expanding the use of smart contracts in the legal field by using digital assets as contract objects.
✅ Barter seeks to create a digital environment for the execution of electronic contracts, where a smart contract will have the same legal effect as if such a contract were concluded on paper in the presence of a notary.
✅ Barter Smartplace will become a stand-alone barter platform as a trusted legal guarantor.
❓ What is the Smartplace platform?
💡 Smartplace is a trading order platform in the Barter ecosystem.
As a rule, an order includes one or several items, things, assets of the same quality, and is called a lot. However, the Smartplace platform also has the ability to place heterogeneous assets in one lot, such as a house and a car.
Each order and lot is assigned a serial number (ID) and a price is set. The lot value displays the total value of the assets included in it.
🏆 Benefits of Smartplace Platform
✔️ Barter is creating a blockchain barter platform that will allow participants to exchange any tokenized assets and liquid currencies. Barter will become an independent barter platform as a trusted legal guarantor.
✔️ Barter Smartplace will be a broad addition to existing OTC and exchange platforms, adding a new type of trading — barter trading, which is concluded without financial transactions, which does not burden the financial system.
✔️ Acting as a legal trustee, Barter allows the exchange of real assets such as real estate, transport, art, business, investments, services, and more; and digital: applications, cryptocurrencies, art, steaks, investments, services, etc.
✔️ Digital asset technologies remove the barrier of trust, increase the confidentiality of the participants in the transaction, and the speed of its execution. A legal smart contract with an electronic signature allows you to achieve high reliability and convenience of service.
✔️ Smart contracts in the financial sector have shown their advantage over traditional methods of transferring value, but have not yet become widespread in the legal industry.
❗️ Barter is looking ahead and expanding the use of smart contracts in the legal field by using digital assets as contract objects.
✔️ Barter has connected digital assets of different standards in one ecosystem, opening the opportunity to exchange them among themselves instantly and practically free of charge, having received a real legal contract for a perfect transaction with an entry in the data registry with a digital copy of the contract.
✔️ Barter is designed to make high volume transactions fast, low transaction costs, and legally enforceable — a signed contract. A smart contract is a guarantor
execution of the contract subject to all the previously established conditions.
You can find out about the benefits of Barter on the official website:
http://barter.companyJoin the community: t.me/barterteam
Telegram wallet: t.me/barterwalletbot