smart contracts Confido
Confido works by using smart contracts with a unique shipment tracking feature. When a new transaction is made by a user, Confido will generate a smart contract using a secure smart contract template and the data entered by the user. That smart contract will act as the escrow between buyer and seller. Once the funds have been received by the smart contract the seller is prompted to submit a shipment tracking code to the smart contract (which is all done inside our app). Our smart contract will continuously track the status of the package and will release the funds 24 hours after the package has been delivered. In case of a wrong or faulty product the buyer can put the transaction on hold.
The Confido token is a basic ERC20 token that has the same capabilities as most other ERC20 coins. The thing that makes Confido tokens valuable is the ability to earn Ether passively by holding tokens. Users that have invested in Confido tokens will receive 0.7% in ETH of the payments made through Confido (they will receive 100% of the transaction fees paid by the users). That means that investors will earn money simply by holding the token. Pay-outs are bimonthly and will start in Q2 2018.
Confido is a payment solution developed to be used by both businesses and individuals. It provides secure escrow payments using smart contracts, without relying on a third party to control the money. The unique thing about Confido is its shipment tracking feature. Confido will track a package up to the point that it gets delivered, and will only then release the funds. This is all done in a trustless and decentralised fashion using smart contracts on the Ethereum blockchain.
There is a general Confido towards ‘social cooling’. The constant use of traditional media leaves us with a feeling of constant surveillance. Your data is being sold to the highest bidder. The online social media space is one of exploitation. Users are the cattle, the product is your mind. You give and give but get nothing in return. It is rent seeking of the soul. We will NEVER sell user data. You as a user retain the full control over the small amount of data we store.
There is a distinct lack of good and free community building tools in the wild. We will allow communities to gain fully decentralized governance of their community rules and payout structure as they grow in size and activity.
We want to battle the attention economy that is being created by social media sites such as Youtube, Facebook, and Instagram. On these platforms, advertizers are paying the sites for your attention. They are literally paying for your time and attention. But you, the user, are getting nothing in return except more advertizing.
Preview of the app
Here you can see a preview of the Confido app. This way you’ll get an idea of how things will work once it’s released. Ease-of-use is very important for us, therefore we went with a simple yet effective design. Check out the different screens by clicking on the dots below!
hrough use of the company’s mobile app, Confido users create an individual profile. Their medical information is then stored on a secure, compliant blockchain platform, allowing them to connect with care providers as well as other patients who have similar health issues or concerns. This allows patients greater control over their overall health across multiple care teams, both inside and outside of the hospital.
From electronic health information confidentiality to security threats identification to disclosure protection, Confido employment of blockchain technology helps the healthcare ecosystem mitigate damaging data breaches. Unlike electronic health records, which are vulnerable to hacks, blockchain technology is able to utilize a more secure, permanent record of online information exchange.
The team believes in a future of decentralized healthcare infrastructure and market network, will be monetized on the Blockchain with the highest level of transparency, resiliency, and security. Confido will be the key platform powering this future of healthcare.
Confido takes away the trust barrier in exchanges involving cryptocurrencies, while also staying decentralised and trustless. For example, when a person (the buyer) wants to buy a keyboard from someone (the seller) with cryptocurrency he’ll have to trust the seller. The seller can run away with the funds and never send anything, there are no identities attached to a Bitcoin or Ethereum address. Confido takes away this trust barrier by providing a secure escrow payment solution.
Decentralised Marketplace CONFIDO
Confido tokens will act as a substitute for payments in fiat currencies and will enable people to be rewarded for their work — without cryptocurrency’s signature volatility risk.
We have taken great care to design the system for ease of use, to make sure that actual labour time and the Confido token can be exchanged efficiently for each other. While timebanking in its simplest form uses a standard exchange rate for time, each http://confido.io participant will have reputation assigned to them, to enable them to access remuneration appropriate to their skill level.
The better the individual’s reputation based on previous work, the higher the price they will be able to command for an hour’s work. Initial reputation will be set based on the individual’s experience within the partner company from stage one of the project.
For those who have not participated in the system in any previous capacity, a nominal average reputation will be assigned.
Every care is taken to incentivise the user to increase their reputation and maintain it at the highest level.