What Problems Does ContractNet Seek To Solve?
There are already a number of companies seeking to introduce blockchain technology to the world of IoT. What makes ContractNet unique? What types of problems does the network seek to solve? Here are some of the problems mentioned in the ContractNet whitepaper:
IoT technology is diverse and segmented by use case. There’s an intimidating number of devices, and the number of smart devices is growing every year. By 2020, it’s estimated that there will be between 26 and 100 billion connected devices.
The vendor ecosystem is complex and fragmented.
Security is important, but technologies and strategies are still emerging to deal with it. We don’t have a full-fledged security protocol to manage the complex IoT ecosystem.
IoT standards and interoperability will take a long time to solidify, and no unified standard has emerged.
IoT widens the potential attack surfaces, making platforms vulnerable to hacking, spying, and invasion of privacy. As the number of IoT devices continues to grow, the number of potential targets inevitably increases.
Tech vendors often offer complicated integrated solutions, while customers are more interested in specific answers to specific problems.
ContractNet believes its technical solution solves all of these problems.
This sure have a lot of application that invariably affect our day to day lives, it can be implemented in virtually anything, imagine such in the transportation sector alone, we all know that is a multi billion dollar sector, what about health, i also just saw something on the whitepaper that's going to be a platform, now this is getting pretty exciting, still going through the whitepaper, very vast but is necessary Indeed i think the hardest part of this project will be focusing down the project to short term milestones, which tends to be the issue with most projects that basically have enormous potential. Yes IOT integration could change the world, yes it could be billions of units. But in the short term its the short term small goals that matter, getting proof of concepts done, getting trials done, getting code samples together, and most of all building up excitement and knowledge around the platform. I can't agree more, such will really make this project go a long way in gaining the trust of the community and investors, is always nice to always hold on to something in a project, trials and samples are of necessity, as most ICOs now give users a taste of their actual product before launch |
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I liked the idea of the project. I will take part in Bounty campaigns and in IСO and wish good luck to the team. savedroid worldwide!
Good. That will be nice of you to do. Getting in and purchase as much as you can while price is still low. Cheers mate I agree with this the main sale will end in 4 days and after that all unsold tokens will be burned so there will be a limit i would also recommend to buy as much as you can. I don't think so they need be burn. Because still more than 4 days are remains. So I guess all tokens will be sold in sale. Because counter is reaching to 4+ in few hours. Let me disagree with you. They unlikely will close hard cap for 4 days. But I still think, without a doubt, it is really interesting and perspective project. Agreed there is a slim chance that the sale will be over before the set deadline; despite that the sale has went really well selling the ~4 billion; I mean you no one would disagree that that is a great achievement. Yep i find it funny when people get sad somehow that a project doesn't hit a hardcap, a hardcap is just a huge number that the team probably never really expected to hit and just gave them headroom to raise funds for the project. i mean 4 Billion tokens sold is an insane amount of progress, and i imagine the volume on exchanges will be quite high. Yea, a really insane amount , where the problem usually begins is when they fail to hit the softcap, as the softcap is actually what they need to just startup, hardcap on the other hand can be for unforeseen circumstances, so is nothing to get jittery about as the project is already a successful one |
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It is good decision to extend the bonus period which is pre-ICO by that prescribed date. I actually didn't read about the concept and it is like opportunity to start now to make myself little prepare by reading available material before taking any decision of any kind. It is best decision because ICO was anyway starting after one month and gap isn't good.
The Dentix platform is built with people being the dominant factor so effort toward service to the people is top priority followed by security, clearly written in their white paper is the fact that patients{people} will decide the way the platform is being run through a real time provision of true reviews which will be greatly rewarded, this explains why a reconsideration was made for extension of the pre-ico I will encourage you to get in the train now that the bonus is up Yes, this is a good way of giving power to the people by setting up an avenue for people to speak up and be heard, i also advice dental practitioners to see this as an opportunity to expand their business, as this will enable them to grow beyond borders, dentix has given both parties what they need and nothing to loose |
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I would advice smart investors to take this opportunity to buy into the PolySwarm project very seriously its a revolution in the blockchain ecosystem, history is about to be made, more research into the project reveals a lot of benefits of joining now Yes, for everyone who thinks about investing it doesn't make much sense to wait longer. The bonus you will get on your purchase only decreased over time. So it's better to invest now than wait too long. I often see project like this as not just an opportunity but an effort to better the lives of many, we all must have been affected by the issue of cyber attack and the pains/ psychological effects that comes with it, this is like a cure to the cancerous nature of cyber-crime |
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4New is steadily gaining momentum and Attention!!! cant wait to see whats going to happen in the next couple months!!
Indeed. 4NEW is getting more and more attention in all corners now. Team is not willing to leave any stones unturned. They are in all social media channels and also in each and every crypto related sites. Still ICO is ongoing. So lets see how much investments they are going to collect in the end. I am curious to see how all this would workout; I mean the platform and all; Say I signup and all would they will be connecting me using wires to their plant or how does thing function? The token is basically backed by energy, so if you hold the tokens you own energy, by selling the tokens you can then buy energy from your local supplier By running a power plant, the company will be able to provide the energy. You really did justice to that, so holding a token is like holding power, we all know how valuable power is, it is needed for the smooth operation of anything you can think off, apart from mismanagement and natural disasters, i don't think there's anything that can stop a power company from becoming successful |
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Dentix is a dental health platform. two-way doctor communication, secure administration process and easy reference, hopefully with this concept will be useful for all and increase the interest of people to support this project.
I can't agree more, call it a dental virtual office and i will agree, the only difference between this and the actual dentix visitation is that, one requires the dentist to physical remove or work on your teeth  , i know some people will discredit this because it has to do with just the teeth but guess what, the health niche is the most profitable niche you can ever think about, no matter the aspect they choose to concentrate |
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What Problems Does ContractNet Seek To Solve?
There are already a number of companies seeking to introduce blockchain technology to the world of IoT. What makes ContractNet unique? What types of problems does the network seek to solve? Here are some of the problems mentioned in the ContractNet whitepaper:
IoT technology is diverse and segmented by use case. There’s an intimidating number of devices, and the number of smart devices is growing every year. By 2020, it’s estimated that there will be between 26 and 100 billion connected devices.
The vendor ecosystem is complex and fragmented.
Security is important, but technologies and strategies are still emerging to deal with it. We don’t have a full-fledged security protocol to manage the complex IoT ecosystem.
IoT standards and interoperability will take a long time to solidify, and no unified standard has emerged.
IoT widens the potential attack surfaces, making platforms vulnerable to hacking, spying, and invasion of privacy. As the number of IoT devices continues to grow, the number of potential targets inevitably increases.
Tech vendors often offer complicated integrated solutions, while customers are more interested in specific answers to specific problems.
ContractNet believes its technical solution solves all of these problems.
This sure have a lot of application that invariably affect our day to day lives, it can be implemented in virtually anything, imagine such in the transportation sector alone, we all know that is a multi billion dollar sector, what about health, i also just saw something on the whitepaper that's going to be a platform, now this is getting pretty exciting, still going through the whitepaper, very vast but is necessary |
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When Forty seven bank goes to the exchanges, what do you think of our generic number in coinmarketcap?
We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April. Wow really this is great news, patiently waiting for April thanks for keeping us updated with the activities of Forty seven bank you've really been a source of information well done. Do we really have doubts about the quality exchanges FSBT tokens will end up? I don't have that doubt. It is sure to hit very high quality and good exchanges for sure. Couple of weeks to go for the completion of the ICO. Lets wait and watch. In the mean time we just acquire FSBT tokens. Same here, i don't have an inch of doubt, is a sure bet that this project will be an awesome one, apart from it been the first of its kind like i've severally stated, is a marketplace for other developers to come in, so what's doubtful about it?, absolutely nothing, not forgetting the fact that they also offer services to upcoming ICOs |
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Will there be any other form of passive income that investors are going to get as a result of hodling the KWATT token?
I am certain as the company evolves through time, there will be new opportunities that will emerge that may enable diversification of avenues. However, at this time, i think electricity is the only form of income. You will also have the token the company has given they will trade-able and all; I understand that is usually not considered as a revenue stream perse but I think it can be considered to some extent. I think they can also lend their equipments to other users. It's all good anyway, I know they will definitely evolve through time and provide countless opportunities like c-note328 has said. There's no rush, but I hope things move in a quickly though There is a rush though, if the dev team can't show tangible results from time to time then people will lose interest soon which means the price drops like a rock I'm quite sure that the devs are doing their work to provide results to the investors. But new investors wants to see the results quickly, if the devs can provide quick results then it's a good implication that the devs are doing their part. This is actually a huge project that requires time, we are talking about waste management and conversion of energy, a lot of physical activities needs to be done and regulation put in place before we begin to see some meaningful results, we should put this into consideration |
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the project is interesting. but why do you specialize only in dentistry? All projects that I have seen in the field of medicine have not been implemented. good luck to you
If i may come in, is very important to have a specific project, it gives that project a purpose, lets say is all about heath, with no specific market, then it becomes cumbersome as the health niche is just too vast but with a single aspect of the health niche, will surely make this stand out and get hold of the intended market, in this case, dentistry |
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And another thing, for developers ,in order to upload their apps to Forty Seven Bank app platform and for businesses, for introducing smart contracts inside their business, they will need FSBT tokens, which means that tokens are going to have real demand on secondary market and the price for them will increase substantially.
Yep the actual usage of the FSBT is what has me most excited for 47 bank, as you know a lot of banks use their tokens to signify something like a dividend etc, but theirs actually 0 usage for the token so theirs no real demand to drive the token price up over time. 47 bank on the other hand has actual usages and consumption and basically an ecosystem to drive the token, which should see as the company and bank grows demand for the token to grow as well, driving prices upward and earning investors a nice profit over time. True, it actually has a purpose, not just to get the token and hodl but its need to actually solve a demanding purpose gives it that edge and substance that it needs to strive in an ever demanding market, creating a very useful token that leads to an ever increasing value |
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Just finished reading your whitepaper, i have to commend ContractNet for publishing a well detailed whitepaper each step is well explained anyone can read ContractNew whitepaper and get an understanding on how ContractNet project works.
So seems everyone is waiting for Mar 10 then. Just to get the max bonus that we can get. If the team will stay true throughout this project, this will go big. The team will definitely stay, is their purpose, they've gone this far to create something unique and see to it that it comes to life, not only that, the is the first of its kind, in the blockchain / decentralizded community which is purpose built with the storage, sharing and analysis of IoT data streams |
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Projects in the field of health like this, in my opinion will be much in need and in search by many people .. certainly very potential .. hopefully this project will be successful in ico..
Indeed, if you've ever been into a dentist or hell any doctors office and taken a look at the software their using you quickly realize that they aren't exactly next-gen hell their not even modern apps, most of the time their insanely outdated, i was in one doctors office once and they were still using some form of outdated CLI based app, not even a windows app, let alone a webapp and light years away from a DApp. The medical industry as a while is just begging to be brought into the modern world. So i like seeing things like Dentix that are trying to boot these people from the 19th century to the 21st century Haha that is very true, when i think of Dentix this is what I picture, a platform that replaces Dental practices antiquated systems. They need to be brought into the 21st century like you said to help them be more cost-efficient and help provide patients with an overall better service, clearer communication, secured health records and quick payments. Plus a global community that can use the platform to earn tokens to pay for procedures and use the Dentix services. You're right on the cost efficient part, which is of importance in the management of any establishment, this will definitely lead to increase in output, as the money used to procure files and maintenance of manual office record keeping will me channeled to more meaningful things |
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Will the price be controlled after the ICO like tether, or is it going to go up or down with the market like btc and the others. Just wondering though
I dont think the nectars are backed by an asset defined in fiat currency value, the tokens will be listed on the exchanges and trading will result in the price fluctuating this means they don't have a budget that many projects to control prices its effect is only on the available supply and the token demand don't worry about it, developers would already have a plan The good thing about Polyswarm is that the team don't hold enough tokens to manipulate the market which just goes to show it's down to the community and shows its transparency That is indeed a good thing and i personally think that every ico should do this because some ico's give their team a lot of tokens and they can manipulate the market easily with that amount i am glad that polyswarm is not the same. There could still be whales in Polyswarm who hold a sufficiently large amount of tokens to manipulate the market. Whales usually look at the future prospects of projects before deciding when to dump or not, though some may just dump but the concept of such behind the project can consciously make them hold onto it, polyswarm has a really interesting pattern that will lead to its increase in value |
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Now i'm seeing some pretty interesting things, savedroid happens to be the first ICO of a German stock corporation that follows German laws and regulations, been the first of its kind will sure create a buzz in the German community, with some really positive names that are so interested in this |
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If you contribute between 1-5 ETH, you will get the forty seven classic credit card, but if you contribute more than 5 ETH, you will get forty seven platinum credit card
Wow, what a great offer. Where you saw this news? Could you post that link/snapshot here, so more public will know about this offer/scheme? But that investors have to open account in there also? Sorry to ask but What is the benefit of these cards to the holder?? I think this is the first time I am seeing anything about cards FSBT token holders will have the following important benefits: 1) They will become the first clients of Forty Seven Bank; 2) The rights to be the first to try and use products and services offered by Forty Seven Bank; 3) Top priority place in Forty Seven Bank loyalty program; 4) Opportunity to contribute to the development of crypto community and help in charity campaigns; 5) Discounts and special conditions for products and services of Forty Seven Bank; 6) Higher FSBL token cashback multiplier when paying with Forty Seven Bank debit or credit card; 7) The range of the most commonly used mobile and online banking products for free;  No fee for using Multi-Asset Account; 9) Opportunity to sell tokens more expensively on secondary market when they increase in value in future; 10) Possibility for traders to speculate on token yield. what, you also implement a cashbacksystem? that's great. Even better is that Tokenholder get even more cashback :-) All in all, I like these benefits list. I will take a closer look at individual points Wait, you mean cash back policy?, like really?, this is the first of its kind in the crypto business, i think this should be made public to a lot of the community to see, you just highlighted awesome points, that are of essence, ears will twinkle if they hear this, Forty Seven Bank is really doing something different, which gives it the quality needed to go places I think there are already other cashback projects in the crypt world, but 47BK is probably the first "crypto bank" that implements such a thing. the other points are also so great that I can not highlight individual ones at all. No fees for the multi-asset accounts, wow. I'm sure they will not be cheap in the future (if you're not an ICO participant) I have seen other projects spring up with almost same vision of 47BK even claim to have the PSD2 implemented in their project but never with this benefits and the cash back policy 47bk is putting in place which is commendable for a team starting out but with a lot vision ahead And another thing, for developers ,in order to upload their apps to Forty Seven Bank app platform and for businesses, for introducing smart contracts inside their business, they will need FSBT tokens, which means that tokens are going to have real demand on secondary market and the price for them will increase substantially. |
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Trying to be know more about 4NEW..but I think something with your whitepaper or Whitepaper is not update yet...& there is no bounty programe of this project..
4new is a simple approach in creating a sustainable and healthy environment for you and i by eradicating waste products from our environment and transforming such waste into usable energy, that will create an alternative source of power for the world at large, hope it sinks |
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It's very interesting, looking from a very good road map and detailed information I'll probably follow this
Yea and the figure of online capable devices is increasing sporadically on an annual basis, from 31% from 2016 to 8.4 billion in 2017, what this means is increase in the market/ demand of IoT, giving room for the increase of value of the ContraNet token, so early investors will definitely benefit from this project Theirs been talk for a long time that IOT is expected to reach 1 trillion devices over time so the market for devices software and crypto that integrates with the world of IOT while big will only be getting big over the next years god knows how big it will be in 10 years with advancement and in tech Yes, i saw the estimated future value, is huge and is not just from their whitepaper but from wiki, why i stated that, is for the community to understand the potentials that this project holds, wiki knows that , so should you, so been part of the early birds invariably guarantees one a return of maximum profit |
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Here are some features of Dentrix platform;
-Modular, blockchain secured patient chart.
-Secure module distribution protocol for module rotation purposes.
-4FA Authentication for Both Providers and Patients.
-Patient can pay with DNTX for services.
-Attractive monthly bonuses and incentives for DNTX holders.
What's a 4FA verification?, i know of 2FA, i can easily research for the meaning but some people may find it hard doing so, so a nice explanation will be better and i like the part of monthly bonuses and incentives on the part of holders, that's a significant boost in giving holders that benefit they deserve X factor authentication just means additional layers of protection 2fa normally refers to standard authentication plus 1 additional. 4fa most likely refers to just having additional levels of authentication on top of the existing standard of 2 options to secure an account Thanks a lot, that's like a multiplication of 2FA, i can understand the need for an extra security, as health issue is a personal thing between practitioners and patients, which needs to kept at utmost secrecy, once a personal file breaks out, it may lead to some legal issues |
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Will polyswarm be a software you install on several operating systems like an anti-virus? If yes, then how does it actually protect you better than a normal anti-virus especially when you are not online?
Polyswarm is more than that it’s a platform for higher up in the god changing its target is the whole process of discovering new viruses and exploits and 0 day vulnerabilities and being a conduit to discover and reward security experts for their work in discovering those problems before they hit your neighborhood computer. So no it won’t be a antivirus in the basic sense it’s a network for discovering exploits and viruses before they become an issue and rewarding the security experts for their work in discovering those exploits. Valid point, i've had my fair share of cyber security issue, is really a sorry scene to see your hardwork taken from you as a result of cyber security issues, if i can single-handedly fund a project that will give me top notch security, i will but is not the case, all i can do is invest and support such platform as polyswarm |
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