Introduction
Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
For this reason, the project I am going to present you is CargoCoin, one of the most interesting trading projects based on blockchain technology that takes full advantage of the cryptography potential of the foreign currency block chain to act, not only as a means of payment and storage of value, but also as a means of interactively sending, receiving, approving, rejecting and signing documents through the process.
Presentation
As I said before, CargoCoin(CRGO) (https://thecargocoin.com/) is a currency cryptography platform, based on the decentralization of global trade and transport designed to use the platforms, both as a secure means of transfer and storage. through intelligent contracts, as well as a payment unit for services, freights and charges. It is disrupting this industry for many different reasons, such as facilitating and optimizing the interaction between merchants, freight forwarders, shipping lines , booking agents, as well as all other parties involved in international trade and transport of goods and cargo.
Goals
The main objective of the CargoCoin smart platform is to create a global market of commerce and transport services backed by intelligent contracts and cryptographic payment methods.
The architecture of the platform is based on the principles of high level of security, transparency, traceability and accountability and is intended to be used as a very simple platform or as a complex intelligent contract utility with several payment options.
Benefits
There are several benefits that CargoCoin could provide:
- CargoCoin minimizes the risk of fraud and in many cases completely eliminates it, not releasing any payment until the counterparty has not pre-established the conditions are met and the proof of payment or insured has been made public in a profit of intelligent custody. Payments will be guaranteed by default. Fraudulent excludes endorsement and duplication of property documents.
- CargoCoin will significantly reduce costs, compared to the high percentages and other small print charges charged throughout the process by banks, messengers, insurers, brokers, agents, lines, etc. The guaranteed payments do not incur any costs, as is the case with Bank L / C at this time.
- CargoCoin avoids delays by providing an instant exchange, review and approval of documents and payments between the parties involved. Other delays are due to different time zones, different holidays, etc. The blocking chain is always in operation 24 hours a day, 7 days a week and does not depend on human intervention. It is estimated that late payments alone cost around 19,000 million dollars per year (* UNCATD) in losses.
- CargoCoin relies on the public infrastructure of the Ethereum chain of blocks, backed by thousands of people in a decentralized network of peers. infrastructure. The use of proven and reliable technology speaks for itself.
- CargoCoin is protected in a natural way. It is based on the proven technology of hash algorithms of the block chain. There is no possibility of leakage of sensitive commercial information by intermediaries such as banks, brokers, agents, etc. While it is completely confidential, it also allows full disclosure of the details of the transactions that must be visible to all parties and the public.
- CargoCoin not only allows, but relies fully on the complete historical storage of all transactions made, thus avoiding the risks of physical loss or destruction of paper documents, while allowing easy search and review of past information stored in the cloud.
Roadmap
Airdrop
The project gives the opportunity to earn CargoCointokens (CRGO) performing some social media tasks and doing simple steps from the bounty program explained into bitcointalk. Here (https://bitcointalk.org/index.php?topic=3565845) you can access to the link in order to see what are the conditions to become an early CRGO contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://thecargocoin.com/docs/CargoCoin-Whitepaper.pdf). You can also stay tuned in their official Telegram group (http://t.me/thecargocoingroup). I hope you liked the post and soon I'll send you new ones.
Extra details
Token: CRGO
Platform: Ethereum
Type: ERC223
PreICO price: 1 CRGO = 0.5 USD
Price in ICO: 1 CRGO= 1 USD
Tokens for sale: 65,000,000
Author details
CargoCoin affiliate link: https://thecargocoin.com/b02206
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71