Today Ethereum is the foundation of more than 95% of blockchain projects in the market. Thanks to a great visionary, Vitalik Buterin; a cryptocurrency researcher and developer. In 2013, he released first open source blockchain platform called Ethereum; which features smart contract technology. After this many cryptocurrency blockchain projects featuring smart contract functionality were created on Ethereum blockchain came into the market. Since every operation carried on the blockchain will be either public or anonymous. But they can't be able to host both public and closed smart contract functionalities on the same blockchain platform.
In order to make mass adoption of blockchain technology, there needs to be a hybrid blockchain which offers both public and anonymous functionalities. Currently there is no hybrid blockchain available in the market; that's why still blockchain technology is not implemented in these sectors:
• medical sector;
• escrow engagement;
• product tracking;
• insurance sector;
• logistics sector;
But now thanks to Smilo project which is creating a world's first hybrid blockchain platform which supports both public and anonymous transactions.
Project objective
The main aim of the project is to create a world's first fully decentralized hybrid blockchain platform; which supports public and private transactions. Which provides complete transparency, security and user defined anonymity in the transactions.
Principle of operation
Smilo is a decentralized hybrid blockchain platform which supports public and private transactions. Smilo's hybrid blockchain platform supports multiple features such as:
• hybrid smart contracts
• hybrid decentralized applications
• hybrid transactions
• complete transparency
• user's privacy and anonymity
• a connection to the real life applications
Hybrid smart contracts, is one of the best features of Smilo platform. Unlike traditional blockchain which supports either public or private transactions. Smilo supports both public and private transactions; this helps to track transactions while maintaining the senders anonymity. Thus people who want to donate a significant amount of money to charity or Greenpeace organizations can now send and track their funds while maintaining the anonymity. Thus Smilo smart contracts helps to perform these type of transactions.
Hybrid decentralized applications, is the another best feature of Smilo platform. The platform allows decentralized messaging applications, where users have the ability to hide messages. Thus they can make private and secure messages.
With these features Smilo platform provides hybrid transactions with complete transparency and security. Users can choose to make either public transactions or complete anonymous transactions.
Use cases of Smilo Platform:
• in medical sector to process millions of patients data confidentially
• in social funding sectors, increases transparency and trust such as in charity donations
• in logistics sector to track delivery of products
• in insurance sector
• in government sectors to improve transparency
The Smilo platform uses two types of tokens namely, Smilo and SmiloPay. Smilo tokens are the part of network itself and SmiloPay tokens are used to pay for services.
ICO details and timelines
• Token ticker: SMILO
• Token price: $0.25
• Softcap: $2.5 million
• Hardcap: $18 million
• Total tokens: 200 million
• Available for sale: 84 million
• Public and private sale: November 2018 to February 2019
Token distribution
Conclusion
It is worth noting that the Smilo platform will play an important role in making blockchain adoption in mainstream sectors. It is the world's first hybrid blockchain platform which allows to make public and private transactions. Thus users can make transactions seamlessly by keeping their anonymity. It provides good opportunity for blockchain projects to create dAPPS which supports both public and private smart contract functionalities. This project needs much attention.
Learn more about Smilo Platform:
Website: https://smilo.io
Read Whitepaper: https://smilo.io/files/Smilo_White_Paper_Latest.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5039760.0
Telegram: https://t.me/SmiloPlatform
Facebook: https://www.facebook.com/SmiloPlatform/
Twitter: https://twitter.com/SmiloPlatform
Medium: https://medium.com/smilo-platform
LinkedIn: https://www.linkedin.com/company/smilo-platform-bv/
Reddit: https://www.reddit.com/r/SmiloPlatform/
YouTube: https://www.youtube.com/channel/UCZyW2kPmlB4dwdO0yI3qQuA
GitHub: https://github.com/Smilo-platform
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0xc558dAcf6dd0EAA0ec9c77C4CE27d74dca4EC730
