Graeme Tollins
2 min readJun 8, 2018

CONTRACT VAULT ICO — A BRIEF OUTLINE

Blockchain is coming. Every industry will be affected in some way. Just as with the internet, companies will have to either adapt and innovate, or get left behind.

One sector ripe for change is the legal contract profession. For most, dealing with lawyers is a confusing, and sometimes frustrating, proposition, not to mention, expensive.

But contracts are the lifeblood of our society. We enter into contract every day in one way or another, whether it is through employment, sale of goods, ownership of property… The list goes on.

It shouldn’t be difficult. But it is.

A Swiss-based company, Contract Vault, aims to change all this.

WHAT IS CONTRACT VAULT?

The Contract Vault platform is a marketplace where consumers, small businesses, and enterprise customers can come together with law firms, legal professionals, and smart contract developers in the creation, modification, issuance, and purchase of contracts.

Consumers can even construct their own conventional contracts, smart contracts, or a combination of both, with no technical knowledge. Customization is a simple process with smart templates, which are both verified and legally enforceable.

And best of all, there will always be advice on hand to ensure that customers get exactly the contract they need.

The Contract Vault Platform functions as a tokenized contracts ecosystem, with Contract Vault’s VLT token.

The VLT token can be used by consumers on the Contract Vault Platform:

To access and purchase smart contract templates

For legal services, such as customization

Value-added partner Services

Consumers can also earn VLT by rating, reviewing, and using services.

The Contract Vault Platform benefits legal professionals and smart contract developers too. Legal professionals can sell their contract creations, as well as offering legal expertise and services such as mediation and arbitrage, direct to consumers and small businesses.

Smart Contract developers can offer technical expertise, contract creation, auditing and advice, using the Contract Vault Platform’s visual and validation tools.

By bringing together all parties in one place, the Contract Vault Platform simplifies an otherwise complex, time-consuming, and costly process.

Unlike so many other ICOs, Contract Vault is addressing a real-world need, using the blockchain for smart contracts, with a great team, and a true utility token in the VLT.

With some heavyweight partners already on board, Contract Vault’s ICO is now open, with a 25% bonus on all tokens purchased before June 30th. Find out more at the following sites.

WEBSITE: https://www.contractvault.io/

TOKENSALE: https://www.contractvault.io/token/

TELEGRAM: https://t.me/cvchat

TWITTER: https://twitter.com/Contract_Vault