Redesigning Ranchi Mall as a Blockchain Contracts only enterprise
Published in
2 min readDec 31, 2017
Everything in Ranchi Mall is henceforth a Blockchain Contract. The incorporation is on Blockchain as a Blockchain Contract. All products are Blockchain contracts. Every Blockchain contract has an opening valuation and, a running valuation, as the contract grows. Every contract has an administrator who is responsible for the contract.
As per the new design, the following are the Blockchain Contracts making up Ranchi Mall:
- Ranchi Mall Incorporation Blockchain Contract: Includes Ranchi Mall FZE 1%, Ranchi Mall UK 10%, Intricap LLC 0.1%. More geographies will be added. This contract owns the Initial Coin Offering process. It also includes 70% of Bitcoin Bonds profits. And 80% of ICO proceeds raised. It owns the Initial Coin Offering asset pool. This contract has 21 million RMTs (Ranchi Mall Tokens). Roughly 100,000 tokens have already been sold in 2 phases. The details of token holders are available at ranchimall.net/exchange. The administrator of this contract is Rohit Tripathy, Founder of Ranchi Mall. This contract also administers all employees of Ranchi Mall. The asset pool of the Incorporation Blockchain Contract will invest in other Blockchain Contracts listed below.
- Ranchi Mall Painting Blockchain Contract: This blockchain contract owns paintings as an asset. Currently this contract owns 5 paintings from Cesar Romero, a Colombian painter. Gunarsa, an Indonesian painter is next in the candidate list. The administrator of this contract is Ildefonso Salazar Arango, President, Ranchi Mall, Colombia.
- Ranchi Mall Startup Blockchain Contract: This blockchain contract owns our financial interests in the startups Ranchi Mall is promoting. Ranchi Mall does a seed investment to obtain a full right to investment in selected startups once they mature. Full right to investment means the ability to invest in the first round and for valuations up to 3 rounds and, the right to invest in all rounds at the best terms of offer for each round. The administrators of this contract are Amitesh Anand and Sushant Bharti from 366pi.
- Ranchi Mall Internship Blockchain Contract: This Blockchain Contract owns our internship program. All interns will move to Ranchi Mall Internship Blockchain Contract. The administrator of this Blockchain Contract is Malapati Raja Sekhar.
- Ranchi Mall FLO Blockchain Contract: This blockchain contract owns all our resources and efforts into Flo blockchain development. The administrator of this Blockchain Contract is Vivek Teegalapally.
- Ranchi Mall L’Art Blockchain Contract: This blockchain contract owns all the creative projects of Ranchi Mall. The first project is Arsande Art Project. The administrator of this contract is Anshul Gupta.
- Ranchi Mall Real Estate Blockchain Contract: This blockchain contract owns our real estate initiatives. Bitcoin Paradise is the first project. The administrator of this contract is Atul Agarwal.