Thursday, 10 May 2018

Contract Vault - Bridges The Gap Between Legal Contracts And Smart Contracts

Contract Vault - Bridges The Gap Between Legal Contracts And Smart Contracts

Contract Vault is a platform based in Switzerland that created to bridges the gap between legal contracts and smart contracts. In another sense, This platform is a virtual marketplace that will gives the users a life like ecosystem full of powerful templates and will give advice users from both blockchain and legal professionals. The platform will allowed user to making the creation, management and integration of contractual processes on the blockchain with simple way. It’s the ultimate solution that will get everyone who is involved ready for a newly developed world full of smart contracts and for the first time, they will be truly smart and legally enforceable.

Contract Vault will uses own unique token based on Etherum platform (ERC20) called the Vault Token (VLT). This is a cryptocurrency that will be used by consumers, law firms, and corporations to pay for services on the platform. Besides that, after ICO ends this token will be available on exchange to be traded around the world.

The main purpose of developing this platform is to share and spread the easiness and simple way to apply the advanced skill of people especially those who have business to take care of and also have the work dealing with documents. Starting from a simple thought and problems when there is a limited number to access the template of legal documents, Contract Vault comes with an idea to create the bridge for people in need of example and access of those kinds of documents.

This platform is easy to access and simple to explore with complete choices of letters or agreement templates. Not only able to share the templates of legal documents, this platform also connected to several lending companies that will also help in accessing a wide world marketplace. Here you can also match your choices with your needs while also looking for a suitable person to communicate.

By using Contract Vault, now anyone can develop, use, resell, customise and repurpose legally sound contracts. This platform also promises to use truly trusted legally enforceable smart contracts and can also be extended. To use Contract Vault, users need little to no experience or technical knowledge to create and customize their contracts. They can customize it, manage it and deploy legally binding, enforceable contracts through the smart contracts on the system, and aking the trade of physical property more manageable when being recorded on the blockchain.

WHAT IS ADVANTAGE CONTRACT VAULT?

First, the ecosystem of the platform will be rich benefit and has ready to house by legal advisors, experts of the blockchain and crypto. Finaly, users will eventually be able to get expert advice from arbitration and mediation.

Second, the contract builder can be use Contract Vault to create smart contracts or modify new ones to meet the needs of the user and provide them with visual tools that are designed to help the natural processing language of the system. This is also in conjunction with a white label solution, which means that firms, financial institutions and other entities can provide their own white label contracts to their users.

Last, the company is ready for business and uses advanced API to create and enhance different applications through the use of integration that in turn enhances their own processes and already existing smart contracts. There will even be brand-new sales channels that will be developed to provide access to new customers with the best options for advertising and marketing. Besides that, they are also will give incentive to users for their services.

TOKEN SALE

  • Symbol: VLT
  • Token Type: ERC20
  • Token Price: 10 VLT = 1 CHF
  • Token For Sale: 450,000,000 VLT
  • ICO Phase I: Mar 01, 2018 — May 15, 2018
  • ICO Phase II: June 01, 2018 — June 15, 2018
  • Softcap: 1,000,000 CHF
  • Hardcap: 45,000,000 CHF

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