An open-source protocol that can be used as crowdlending or crowdfunding campaigns is known as Product protocol. It is solely based on the digital assets issuing as well as the integration of the various business processes, financial operations, and funds management. The universal token can be used to create a digital asset that can be sold in a decentralized market all over the world so that people can purchase it. Know the project description and avail the benefits.
Description of product protocol:
The product protocol is basically a source protocol for recording, asset confirmation, and management. The team of the product protocol offers application developer with the versatile and safe blockchain platform, community uniting rules, regulations and powerful tools for creating new services and applications.
The main focus of product protocol is to maintain privacy through the application of sophisticated cryptographic methods. It also allows the user to keep the focus on the application. Thus this helps in creating the application for real tokenization and management.
The product protocol might consist of a set of services that consistently offer implementation of the tokenization principles. The product protocol offers companies and individuals the ability to satisfy need vitally that is to earn money. It has the following components-
Decentralization- the product protocol makes use of the blockchain so as to offer maximum decentralization degree. It saves hashed data through the individual, government institutions, and companies. It can even store the decentralized records as an asset proof. The virtual token, asset data, asset token issuers can be authenticated.
Smart ID- the credentials are sending and requested to register user identity through the authentication system and user identification system. It safely manages personal details and keys. The smart ID enables the identification to be identified through social network registering. It basically serves as a base of providing complete access to the PP service platform.
Virtual token and DAsset- This asset confirms token served as a rendezvous point. It also contains asset data- DAsset (verifiable and encrypted asset metadata package), list of entities and basic (public). The cryptographic methods protect the owner, ownership rights and asset and thus it is accessible to a defined degree by the smart contracts.
Decentralized product exchange- The DPE is the key supporting service offered by the product protocol system. It is basically a collection of contracts that would carry out exchanges among various token types in atomic operation forms. The smart contract exchange information through smart proxy contracts makes the DPE updateable. A proxy is basically a smart contract that denies or grants access to key functions by DAO or multi-sig wallet.
Decentralized marketplace- The decentralized marketplace offers data about the asset directly from DAsset container to different services. The asset data can be protected through cryptographic methods and it can be accessed to a defined degree.
The product protocol escrow- the most important problem got solved by the product protocol. It also guarantees credibility, authenticity, and relevance of data.
This is all about the product protocol and for additional information; one can visit the official site and know it.
Official links for more details,
Website Link : https://pprotocol.io
Whitepaper Link : https://d3ri2ictv4c1x9.cloudfront.net/PP_WP_e.pdf
Twitter Link : https://twitter.com/Pprotocolglobal
Telegram Link : https://t.me/pprotocol
Facebook Link: https://www.facebook.com/pprotocolio
Youtube Link: https://www.youtube.com/channel/UCw8m7dvocvtQrNGgFjM4qKQ/featured
Medium Link: https://medium.com/@p.protocol
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1434888