The blockchain protocol is bringing the digital economy into a new era. It has the power to bring transparency and efficiency to many economic sectors. All these changes are all opportunities that allow the creation of new business models especially around tokens. The DARFChain project aims to create a platform on a public blockchain to make corporate financing and accounting more transparent, as well as allowing them to create their own digital assets.
What is DARFChain?
DARFChain stands for Distributed Accounting, Resource and Financial System in Blockchain. DARFChain is a 2.0 accounting management platform. Anyone who today mounts a business related to the phenomenon of "tokenization" knows how much the accounting management in this type of environment is unclear. And again, let's not talk about projects issuing their own tokens that evolve in a legal gray area, which does not prevent them from obtaining the trust of investors and raise millions of euros.
The DARFChain platform is part of this paradigm. The project aims to set up a platform called "ERP". An ERP platform is an integrated management software package (PGI in French). This type of software is used by all accounting firms. These programs have a "core" to which is added a whole lot of modules according to the needs of the company. There is no doubt that this type of software will evolve in this new economy of tokens.
Rather than adding modules to an existing software package, DARFChain aims to launch its own distributed, immutable and reliable accounting platform that integrates the benefits of ERP applications with the benefits of Blockchain technology. On the official website it is described as "a whole new way of managing businesses in the world of tokenization". Among the main arguments of the project:
Project holders going through DARFChain to finance themselves will be forced to comply with the accounting standards of the platform, but will also help them to better manage their project through an integrated cost accounting system. On the investor side, this will increase the trust that can be granted to project leaders by improving the monitoring of their investment, and especially the use that is made of it.
Traditional businesses - including "non-tokenized" - will also be able to use this software, taking full advantage of the blockchain protocol - reliability, immutability of recorded data - and offer them a "plug and play" system to tokenize their business model by issuing their own token.
We can not talk about tokenization without talking about contracted smarts. These 2.0 contracts make it possible to carry out transactions automatically subject to conditions as soon as these conditions are fulfilled. DARFChain will enable companies using the platform to "smart contract" their existing contractual relationships. Using DARFChain could allow many companies to save money by taking advantage of the disintermediation made possible by these new technologies.
The DARFToken: an "utility" token
The DARFChain platform will be based on the open source ERP platform "Odoo". The basic economic model will be of the "freemium" type, the platform will be free at the installation but DARFChain will finance itself through a commission of 15% to 20% on the transactions carried out within its platform. These commissions may vary depending on the speed with which the user wants it to be processed.
DARFToken will thus be the only exchange intermediary. It will be necessary for DARFChain to succeed in offering services that interest the users by bringing them a real added value in the management of their projects. The mere fact that DARFChain wants to "smart-contracted" existing businesses suggests that the demand may well be there. It also specifies that the tokens will be distributed in a limited quantity, so the offer will be fixed.
DARF tokens will be distributed jointly on the Waves and Ethereum platforms. The ICO started on November 1, 2017 and will end on December 12. A maximum of 84,000,000 tokens will be issued at the time of sale and no more will be created thereafter. You can participate in the ICO by buying tokens in bitcoins (6875 satoshis), litecoin (0.007489 LTC), ethereum (0.001626 ETH), and waves (0.12458 waves). You can find out more about selling DARFChain tokens on the official website.
Conclusion: DARFChain, or the anticipation of the tokenization of the world
Scams are numerous in the crypto world. The ease with which it is possible to raise funds through an ICO and the lack of regulation can only attract individuals with malicious intent. DARFChain could be one of those crypto players that will bring some order to this emerging economic sector. By allowing investors to have a real follow-up of their investment through a blockchain, perhaps DARFChain will succeed in convincing serious projects.
Even if DARFChain puts forward the "anti scam" side, it is not the only asset of the project and the platform. By offering an ERP adapted to this new economy - called tokenomy by DARFChain - it could well simplify the life of a large number of crypto-entrepreneurs in the management of their accounting. However, it is not only aimed at crypto-entreupreuneurs, and the "smart-contracting" aspect of already existing business can only seduce.
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