Can you tell me more about using smart contracts in your project?
The INS Platform is designed as a very high-load system. The market potential for the INS
ecosystem consists of billions of users, each of them making dozens of orders per year. The
main focus is on performance, in which we seek smart contracts support, predictability, stability,
and ease of use. We plan to use the most proven and scalable open source technologies and
constantly monitor alternative technical implementations.
Blockchain and smart contracts provide the tools and framework to create a new generation of
marketplaces where supply and demand sides can engage in trusted trading transactions,
according to various business rules, without the need of a central brokerage entity.
Consequently, the same way online marketplaces disrupted many traditional brick and mortar
businesses, blockchain and smart contracts will give birth to a new kind of peer-to-peer
marketplaces that will unsettle the current ones.
INS will provide a number of smart contract templates that will be used to facilitate the sale
mechanism. The peer-to-peer structure is the perfect fit for the decentralized nature of the INS
ecosystem and has the benefit of handing over the power back to the people participating in the
ecosystem.
