[ANN][ICO] Confideal | Smart contracts management service and arbitration module

[jager44]

Hello, can one of the parties to a smart contract change the terms of the contract in Confideal without the knowledge of the second party?

[MadduckUK]

If the arbitrator is to resolve a dispute between the parties to a smart contract, does he gain access to the personal information of the parties?

[nothappend]

Can one of the parties to the contract in the Confideal service simply terminate the smart contract or is it necessary to specify certain conditions in order to do it before the smart-contract is concluded?

[Bambinoe]

Please i did like to know the essence of this smart contract management service. What challenge does it tend to solve in business or crypto world??

[Shaurman]

Can the companies operating in the same state enter into a smart contract with Confideal to carry out a transaction?

[Gamelander]

Hello, what crypto currency can I use on the Confideal platform to conclude a smart contract with someone?

[_ko33TPas]

Will members of the team be able to trade their tokens at the stock-exchange in the future or do these funds remain forever?

[zvisha]

How long will it take the Confideal arbitrators to resolve disputes between the parties?

The consideration process lasts minimum 10 days if the second party need to clarify necessary documents - he could extend the process,  resolution, and execution - lasts for 3 days.

[zvisha]

Good day, will the terms of the contract described in the smart contract be automatically implemented by the system?

Hello, of course, the terms of the contract are established before it is signed and are stored on the blockchain. That is why it is impossible to change its terms after both sides have agreed to them. The contract can only be closed or broken according to the original arrangements.

[zvisha]

Will members of the team be able to trade their tokens at the stock-exchange in the future or do these funds remain forever?

They have a lot of options: trade on exchange, use Confidal platform or sell it after all. The final decision is left to their discretion.

[zvisha]

Hello, what crypto currency can I use on the Confideal platform to conclude a smart contract with someone?

Hi, you can use Confideal platform with CDL tokens without a fee and also ETH with 1% commission.

[zvisha]

Hello, can one of the parties to a smart contract change the terms of the contract in Confideal without the knowledge of the second party?

Hi, that's not possible, the terms of the contract are established before it is signed and is stored on the blockchain. That is why it is impossible to change its terms after both sides have agreed to them. The contract can only be closed or broken according to the original arrangements.

[zvisha]

Please i did like to know the essence of this smart contract management service. What challenge does it tend to solve in business or crypto world??

Confideal solves three key problems that exist in today’s international contractual processes:
- Counterparties interaction (Contracting). The organization of international deals is an a priori more complex process than that of domestic contracts. For that reason, the partners tend to simplify the contracting process by conducting the entire workflow via the Internet. This approach creates additional risks - it becomes possible to modify contract data without the partner’s knowledge, forge signatures in   Photoshop etc.
-  Foreign exchange regulations. There is a possibility of severe time delays in the countries with strict forex regulations. Delays of five or more days are quite probable, and sometimes banks can deny payment processing outright, offering no explanation.
- Arbitration. In case of disputes, there can be one more type of costs: the average cost of an arbitration procedure today is 2.5 million USD, and it takes no less than 6 months to be completed. Such losses are inadmissibly expensive for SMEs (Small and Medium Enterprises).
Confideal is the platform which uses the smart contract technology powered by the Ethereum blockchain to solve the principal problems bound up with modern contractual processes.

[romgenie]

Good afternoon! Where can I find the source code of a smart-contract for ICO?

[zvisha]

Good afternoon! Where can I find the source code of a smart-contract for ICO?

Hello, you can find it on GitHub https://github.com/confideal

[zvisha]

If the arbitrator is to resolve a dispute between the parties to a smart contract, does he gain access to the personal information of the parties?

It is not necessary, any personal information could be provided on the parties choice.

[Mops]

Hi, does your company plan to release tokens which won’t be implemented during the ICO after a while?

[zvisha]

Hi, does your company plan to release tokens which won’t be implemented during the ICO after a while?

Hello, tokens not redeemed during the ICO will not be issued, i.e. Only the redeemed tokens will be in circulation. After the ICO there will be no release/minting of new tokens.

[slavonicpl]

Do you provide investors with a bonus when buying tokens in the first week of ICO? Where can I find a list of all available bonuses?

[defender77]

If the set maximum of tokens is purchased before the end of the ICO, will ICO end or will the sale of reserved tokens continue?