CONTRACT VAULT: NEXT GENERATION CONTRACTS BASED ON ETHEREUM BLOCKC...

CONTRACT VAULT: NEXT GENERATION CONTRACTS BASED ON ETHEREUM BLOCKCHAIN

THE BASIC CONCEPT BEHIND THE PROJECT

Today Blockchain technology is being widely used at global level. It’s being used to make projects efficient, reliable, fast, secure, easy to access. Contract vault has moved one step ahead and aims big than expected. Contract vault is offering a platform where not only contracts can be developed but anyone will also be able to use, resell, customize and repurpose the legal contracts. Its Ethereum Blockchain based platform aims to resolve the problem of smart contracts.
Contract vault will use Richard Contracts.

In order to use smart contracts for transfer of physical assets, the must be compatible to natural language contracts. Richard contracts are capable of serving the purpose very well. Richard contracts are human-readable, machine-readable, contains all information within one documents and it depicts legal contract.

THE DISTINGUISHED FEATURES OF CONTRACT VAULT THAT MAKE IT WORTH TO CHOOSE

Contract Vault aims to change the trading world and legal agreements and wants to provide advanced technological basis. By creating Blockchain-powered system, it intends to create trust for everyone. Contract vault will support consumers, businesses and existing legal systems by using next generation smart contracts that are legally enforceable. The platform will be accessible for everyone and easy to use as no technical knowledge required to develop smart contracts.
Contract vault is will act to bridge the gap legal and smart agreements and is going to provide tools to built smart and Richard contracts and thus by using the most advanced technology, Contract Vault will completely change the legal agreements.
By using smart templates, Contract Vault will be capable to generate
Documents usable offline, storable, on decentralized storage impossible to tamper as contract vault supports Blockchain based signed transactions and legally applicable smart contracts.
Contract vault provides the importing feature. Contracts written on MS word and Ethereum Blockchain can be copied and pasted to editor with and can be customized too.
Contract Vault has incorporated the human and machine-readable features of martML and SmartEdit usage. SmartML supports all formatting options, variables, standard arithmetic operators. It has been made assured to ebbed sub templates into smart contracts and makes it possible to reuse the repetitive legal prose as subsamples have same functionality and flexibility. Contract Vault makes it possible to create smart Dossier by linking multiple smart templates.
Contract Vault has made it possible to send contract drafts smartforms to users who don’t have Contract Vault accounts.
All operations at the platform are powered by VLT TOKENS that can be used to pay and receive for any kind of services.
Contact Vault aims to resolve several issues by using Richard contracts like
Creation of markets for unlisted companies and management of exchange shares, liquidity creation, to allow the companies to manage relationships with stakeholders by using smart contracts.
Contract Vault provide the facility to legal service providers to create smart templates for sale by using smart editor. It’s also possible for legal service providers to create custom-made templates according to demand and they will be paid for their service in VLT. More VLT tokens can be earned if legal service providers provide their services as arbitrators for Richard Contracts.
Smart developers and auditors, value-added companies, individuals and business persons can also use Contract Vault and can gwt payments through VLT tokens.
In short Contact vault has all the features that make it a distinguish platform and worth using. Its advanced technology will pave horizons of success for the project.

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