If everything goes on like this, the crypt will die. Part 2

BeeQB
5 min readNov 16, 2017

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I do not want to say that we are “different”, so you need to invest in BEEQB and no other project. I want to explain why BEEQB has no competitors among ICO projects. And why most ICO projects that are designed for B2B clients will never enter the market.

Read: If everything goes on like this, the crypt will die. Part 1

Ideology: We, the BEEQB team, believe that the world needs a crypto currency. To shout at all corners that Bitcoin is fine and it is necessary to legalize it is a hopeless way of development. But to create tools to ensure that, with minimal reforms, business switched to using crypto currency, this is a good strategy that will bring benefits in the short term.

Strategy: That is why we have developed a global strategy for the safe implementation of crypto currency. The essence of this strategy is the following: We are developing a product that is a sort of pipe dream for small and medium-sized businesses, which, among other things, obliges the company to accept Bitcoin for payment. That is, as soon as we launch BEEQB, our customers will see signs “We accept Visa, MasterCard, JCB, Bitcoin and BEE” — this is step #1. Step #2 — Bitcoin is an inconvenient, slow and expensive means of payment. Therefore, we are developing our own crypto currency, the use of which will be much more profitable than the use of any other means of payment. Step #3 — We set ourselves a very difficult task — to attract 1 million users a year after launch. Many will say that this is an impossible task. I will open some secrets, as we will do it:

1. The cost of using the platform is very low. If you compare with competitors, the cost of a workplace in BEEQB is 10 times lower than the market average.

2. The cost of integration can be equal to “0” if the system administrator is not too lazy to watch several videos and make the settings themselves.

3. We plan to involve a large number of partners, including banks, consultants, and integrators in order to reach a very large audience. And the function of inter-corporate communication will become a driver, which will bring most of the customers.

New Blockchain: Blockchain is not a new technology and, at the moment, blockchain is an outdated technology. That is, “moral technological obsolescence”, first of all, is due to the limited technology, namely — the impossibility of scaling, the high cost of maintenance, etc. In order to promote the concept of a free economy, which Everest is the dominance of the crypto currency, it is necessary to be at the forefront of technological development. Our technological solution BEEQB Multithread Blockchain is the so-called Blockchain 2.0. When every person has his own blockchain, which interacts with blockchain of other people and companies. Our technology will save the world from the necessity of storing checks, guarantee coupons, passports, certificates of registration of property and even certificates of marriage. Because any relationship and events will be recorded in a personal blockchain. Banks will be able to analyze the data on the borrower on the basis of its Blockchain and make decisions on the issue of a loan in seconds. A person with a “big” personal blockchain will be able to get much lower rates on loans, because the risks of non-repayment of the loan will be tangible. And most importantly, all blockchain of all entities will exist in a single system. The supplier company will be able to refuse cooperation with the unscrupulous payer, and the warranty and service obligations will be met because the smart contract of the transaction will record all information about the conditions of this transaction.

New Consensus: Also, we have developed a new consensus of the Proof-of-Event, which guarantees the participants in the transaction the timeliness of fulfilling obligations under the smart contract and forecasting possible risks. It’s worth saying that the PoE consensus is much more stringent than what is on the market. Because the risk of breach of contract is a lowering of the rating of personal detachment. And this, in turn, will lead to a decrease in confidence in the owner of the detachment. Of course, many will say that you can delete personal blockchain and start from scratch. It’s only true from the part. First, personal and corporate blockchain can be restored. Secondly, it is impossible to erase the history of interaction between the entities. That is, we envisaged the possibility of recreating one blockchain on another blockchain, if the platform identifies the user. What is it for? It may be necessary to search for missing people, to verify testimonies, to hire employees, to credit scoring, to verify goods and, most importantly, to identify the identity of any subject of the system. A considerate reader may conceal the idea that the system will conduct total surveillance of subjects. You can directly answer — no, this will never happen. Because, we are not verifiable user. That is, the user can be absolutely anonymous in the system. At the same time, he will be able to buy and sell goods and services, be hired for work and even sign the contract. But at the same time, no one will ever know who this user is. Because the platform operates on the data of the interaction of the blockchain. That is, it is the essence of the blockchain that is analyzed, not the essence. At the same time, PoE does not create an absolute rating. Ratings in the system are formed based on the user’s actions. For example, a lawyer can create excellent contracts, but at the same time be a terrible lawyer, at the same time he can be a wonderful borrower and a terrible driver, a responsible taxpayer, and a bad guarantor. The platform accumulates all these data and generates ratings and forecasts that can be accessed by third parties, if the owner of the blockchain will allow it. The same applies to the company. A company can be a wonderful supplier, but at the same time constantly delay payment of salaries, have high prospects for obtaining a loan without collateral, but have arrears to suppliers. And sharing access to internal ratings will give answers to both sides on the question “Do I want to work with them, or should I continue the search?”. We believe that this is very important. Because relations in the market increasingly go to the plane of a “credit of trust.” And this trust must be earned. And there is no way to do without personal blockchain with an absolutely new consensus of interaction.

To be continued…

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