The Financial Contracts on Blockchain with Merrit Protocol

3 min readJul 25, 2018

Meritt is an open source and free protocol and decentralises fund raisings and token issuance for individuals, communities and small businesses. With the Meritt protocol plug & play building blocks, you can create yourself your bespoke tokens, whether these are equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens. Key terms of your token are committed on the blockchain and executed by smart contracts, providing transparency & certainty on settlement. Personal information remain under your control and disclosed on zero knowledge basis only, Meritt do not hold any of your private information. To sell your tokens once created on the Meritt dapp, you can either list it on the Meritt marketplace after disclosing you Meritt score, or place your tokens with trusted networks you have built on the Meritt social network dapp.

Benefits & Technology with Meritt Protocol

In the near future, millions of new decentralised economies based on communities will thrive on the blockchain, each with their unique digital asset (or bespoke blockchain tokens) operating in a direct peer to peer environment without a middle man. For example, a community could create its own digital assets and sell them to members to fund a project that benefits the entire community. The community decides on rights attached to the digital assets held by members, these could be voting rights for members to decide on the use of the proceeds, or dividend rights from profit made. With Meritt, individuals, communities and businesses can now easily issue bespoke and unique digital assets with ease and without fees or intermediaries. This simple, but revolutionary tool is the key to decentralising essential services and activities like issuing equity to fundraise, issuing a loan to get finance or issuing a token to trade assets or services directly with peers. Meritt removes the middle man and the fees and puts the power back into your hands.

The protocol is a standard tool for creation and distribution of bespoke tokens on the Blockchain. It is a thin layer protocol built on top of existing blockchains. Today with Meritt building blocks, users can set up themselves voting rights, payment rights, trading policy as well as privacy and distribution policies of their digital assets. These rights are deployed on the blockchain and are executed automatically by smart contracts in a transparent and trust-less fashion. The protocol consists of four core components: (i) a suite of smart contracts performing the formation of unique digital assets on a Blockchain with the features chosen by the users (ii) the data storage framework for users to manage and control their personal and confidential information in private storage (iii) a set of APIs allowing any decentralised application to use the protocol.

Join the blockchain revolution and try the Meritt dApp!

Website : http://www.meritt.co
Headquarters : London, England
Year Founded : 2017
Company Type : Nonprofit
Size : 1–10 employees
Specialties
Blockchain, Cryptographic currencies, Decentralised application, Communities, Fundraising protocol, Crowdfunding protocol, Peer to peer, Tokens, Cryptography, Bitcoin, Ethereum