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Topic: [ANN][ICO] Confideal | Smart contracts management service and arbitration module - page 28. (Read 15358 times)

member
Activity: 71
Merit: 10
Diving into the world of cryptocurrency XD
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...
full member
Activity: 266
Merit: 100
Do you have a bounty program?
full member
Activity: 252
Merit: 100
Signed up for the project. How did you come to this idea?
full member
Activity: 168
Merit: 100
What languages are planning to launch the platform? Will there be a localization project to be supplemented in the future?
full member
Activity: 336
Merit: 100
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?
hero member
Activity: 560
Merit: 500
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.)
hero member
Activity: 560
Merit: 500
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;

hero member
Activity: 560
Merit: 500
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.  
member
Activity: 322
Merit: 10
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.
full member
Activity: 308
Merit: 100
Can parts pay smart contract as the second party of its duties, if the transaction amount is big?
full member
Activity: 280
Merit: 100
How is the selection for the post of arbitrators? Are there any criteria for the selection of an experienced professional?
full member
Activity: 364
Merit: 100
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?
newbie
Activity: 36
Merit: 0
Its an great concept,I will definitely support it.

Thanks for sharing this.
full member
Activity: 252
Merit: 100
Hi, arbitrators with a negative rating removed from service or they can continue to work?
hero member
Activity: 560
Merit: 500
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
full member
Activity: 361
Merit: 100
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.
full member
Activity: 406
Merit: 100
Can I pay the fee of your service only tokens CDL? It is possible to pay to use other cryptocurrencies or Fiat?
full member
Activity: 378
Merit: 101
Well done guys. Join and will invest
hero member
Activity: 560
Merit: 500
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.
hero member
Activity: 560
Merit: 500
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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