Ethereum Classic Labs Partners with Pulse Agent
Pulse Agent is an end-to-end protocol and decentralized application suite which is seeking to create a marketplace for services. In this marketplace buyers can express intent, issue RFPs, discover suppliers, evaluate supplier responses, seek advice from experts, and collaborate with stakeholders. The Pulse protocol seeks to transform both B2B procurement and B2B marketing by creating a smarter way to connect in-market buyers directly with experts and sellers.
How Does it Work?
Step 1
The buyer generates an ad or promotion for a job that they need done. The ad has all the details and necessary information needed to complete the job. The community then categorizes the listing and approves it. The buyer then cryptographically signs this listing (maintained in IPFS with its hash committed on-chain). This now signals to sellers that the listing is open for transaction and willing to converse.
Step 2
On the seller side, Pulse has a community of relays that filter through these listings. They organize each listing in a database separated by industry, specific markets, geographies, etc. The data is then presented to sellers who subscribe to specific market criteria and review each listing. The seller now has the opportunity to engage in a bid that will contain the signature of both the seller and the relayer, and the Pulse Platform Smart Contract will move tokens between seller and an escrow service.
Step 3
The buyer and seller can now converse via a decentralized chat client that is either local or hosted, so that their messages (including reputation data, documents, appointments, and even tokens) aren’t hacked or surveilled upon. Both buyers and sellers can bring their own decentralized reputation into the Pulse network (using for example the Ink protocol), attach documents from decentralized lockers like IPFS or Storj, and provide decentralized payment methods.
Intents & Tokes
All intents expire after a period of time based on the category. As of this writing, buyer actions on counter party messages (open, conversation, appointment, etc.) and engagement intelligence data (that we call Pulse IQ) are injected into the Pulse Platform Smart Contract.
The total pool of bid money represented by Pulse tokens is redistributed from escrow to buyers, sellers, experts, and relayers based on buyer actions and Pulse IQ. The smart contract executes settlement algorithms to align rewards and redistribution with performance.
Partnering with Ethereum Classic
Ethereum Classic has all the advantages of Ethereum without the complexity and risks of the upcoming changes to proof of stake. Users also enjoy lower gas costs and arguably a more decentralized and simpler core philosophy. These principles will allow Pulse to be successful in its endeavor to revolutionize the market place. Partnering with Ethereum Classic Labs opens Pulse to a network of customers and can help the company engage in the insurtech ecosystem.
The Future
In the next 6–12 months, Pulse seeks to enter the Business Insurance Market. Their goal is to generate 250 Listing per day with the expectation of growing that to 500 daily listings by 2021. Pulse wants to create a large ecosystem of APIs/ Data Services and with the help of ETC Labs, they are already off to a great start.
If you are interested in being apart of Cohort III please fill out an application here https://angel.co/etclabs/applications
Find out more information about ETC Labs Accelerate Cohort II at www.etclabs.org/accelerate
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