SMILO PLATFORM - The HYBRID BLOCKCHAIN PLATFORM WITH A CONSCIENCE

sergeyklimenok (65)in #ico • 5 years ago

In 2013, the well-known programmer Vitalik Buterin offered the world a new product – a public open source platform based on Blockchain technology, which allows concluding agreements and exchanging data. After the launch of Ethereum, a huge number of platforms based on the distributed registry technology came out, but all of them were either public, allowing everyone to access information about transactions, or closed, in which only the parties to the agreement could access data about the contract. For all time of existence of the Blockchain technology was not created by any of the hybrid platform, allowing the use of both the first and the second type of smart contracts.

The lack of hybrid platforms prevented the introduction of Blockchain technology in such areas as:

medical;
the field of social Finance;
insurance industry;
the scope of traceability.

To change this situation will allow the launch of a new hybrid platform based on Blockchain technology, which simultaneously provides both transparency and protection of personal data, called Smilo.

Project objective

The main goal of the developers of the Smilo platform is to create a decentralized full-featured platform based on Blockchain technology that supports hybrid transactions, hybrid smart contracts, as well as hybrid decentralized applications. In addition, the developers intend to ensure full confidentiality of personal data of ordinary users and create conditions of maximum transparency in the conclusion of government agreements.

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Principle of operation

The Smilo platform will be the first platform in the world that combines several functions at the same time, including:

hybrid smart contracts;
hybrid transactions;
hybrid decentralized applications;
user privacy;
transparency of operations;
connect to apps in real time.

The first and the most significant feature of this platform is hybrid smart contracts that allow you to simultaneously track the movement of funds while maintaining the anonymity of the individual. One of the areas of use of such contracts is charity. Thus, a person or a company that has donated their own funds to charity will be able to track the movement of funds and spending this amount on certain needs, while maintaining complete anonymity. One such organization capable of using hybrid smart contracts will be Greenpeace.

The second feature Smilo are decentralized hybrid application. Such SOFTWARE can include messengers that can be used by individuals who want to hide information from their correspondence, as well as by public companies and government agencies that want to communicate openly to exclude the possibility of data distortion by media workers.

Another feature is the ability of the user to choose whether his operation will be public or private. Moreover, each of the participants of this platform will be able to set the appropriate options for smart contracts and decentralized applications and transactions.

To increase the popularity and development of Smilo, this platform intends to use the most popular areas, such as:

the medical sector, in which all medical history and medical data should be closed to outsiders and open to health professionals;
social Finance sector, namely charities;
scope of delivery of products to track goods and their origin;
the insurance sector.

The platform will use two types of tokens – Smilo and SmiloPay. However, the main tokens will be the first ones, as they will affect the network itself and will generate SmiloPay coins. The second will be used to pay the Commission for the execution of transactions.

Smilo coins can be purchased during the ICO.

ICO dates and details

Within the framework of public and private sales, namely in the period from November 2018 to February 2019, 84 million tokens will be sold. The cost of the 1st Smilo will be $ 0.25.

Softcap project - $ 2.5 million, hardcap - $ 18 million.

The distribution of tokens is as follows:

Conclusion

The creation of the world's first hybrid decentralized Blockchain platform can be very successful due to the fact that it allows users to choose which of the operations will be public and which will be closed. Because of this, users no longer need to use several different platforms to perform different kinds of operations.

Thanks to the combination of two types of Blockchain, this platform will gain a huge audience who wants to use a convenient and simple system. In this regard, investing in the platform today, you can get a considerable income in the near future.