💥🚀[ANN] INSOLAR - Distributed Business Networks

[Dmitriy_support]

But smart contracts, how safe and reliable are they?

Our smart contract was designed and developed by the team of the internationally acclaimed cryptographer Dmitry Khovratovich, who is a security expert at the University of Luxembourg and the founder of ABDK – an agency specializing in the development and promotion of Ethereum-based initial coin offerings. 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. INS will provide a number of smart contract templates that will be used to facilitate the sale mechanism.

[xanadue]

Everything will be tied to blockchain and cryptocurrency. Do you think that would be helpful in managing all the heavy load after launching? What impact blockchain use will have on the payments withing the INS Ecosystem?

[Dmitriy_support]

Everything will be tied to blockchain and cryptocurrency. Do you think that would be helpful in managing all the heavy load after launching? What impact blockchain use will have on the payments withing the INS Ecosystem?

Blockchain use will help to reduce payment transaction steps. The payment process in e-commerce currently entails more than 10 different steps to settle a transaction and up to 15 separate fees to pay for payment gateways, thus making transaction fees range from 2% to 6%, a long route that could be cut short with blockchain use. Blockchain is the perfect tool for e-commerce to be more efficient and more trustful. Payment processing through blockchain has a significantly bigger potential for transaction high speeds and low prices, let alone all the possible variety of ways smart contracts can improve both ecommerce and payments. A tokenized ledger will provide a complete token-based system, similar to “real” money where tokens are sent and exchanged at different times and for different reasons, based on predefined rules and events.

[darius-dar]

Everything will be tied to blockchain and cryptocurrency. Do you think that would be helpful in managing all the heavy load after launching? What impact blockchain use will have on the payments withing the INS Ecosystem?

Blockchain use will help to reduce payment transaction steps. The payment process in e-commerce currently entails more than 10 different steps to settle a transaction and up to 15 separate fees to pay for payment gateways, thus making transaction fees range from 2% to 6%, a long route that could be cut short with blockchain use. Blockchain is the perfect tool for e-commerce to be more efficient and more trustful. Payment processing through blockchain has a significantly bigger potential for transaction high speeds and low prices, let alone all the possible variety of ways smart contracts can improve both ecommerce and payments. A tokenized ledger will provide a complete token-based system, similar to “real” money where tokens are sent and exchanged at different times and for different reasons, based on predefined rules and events.

 Do you mean that blockchain will be the reason that affect the final price for the consumer greatly? Like, if we pay $100 for good XXX for retail market, then we would pay $50 within ecosystem?
Won't be there any hidden costs for blockchain and smart contracts use?

[darius-dar]

 A tokenized ledger will provide a complete token-based system, similar to “real” money where tokens are sent and exchanged at different times and for different reasons, based on predefined rules and events.

Despite the fact that some consumers will buy INS tokens using real money, all tyhe payments will only be available in the token-form. Is that correct?

[Dmitriy_support]

 A tokenized ledger will provide a complete token-based system, similar to “real” money where tokens are sent and exchanged at different times and for different reasons, based on predefined rules and events.

Despite the fact that some consumers will buy INS tokens using real money, all tyhe payments will only be available in the token-form. Is that correct?

Yes, all payments within INS Ecosystem will be made only with tokens. Moreover, rewards and loyalty programs are also going to use INS tokens. Consumers and manufactures will be able to use tokens received form rewards and loyalty programs.

[Dmitriy_support]

Everything will be tied to blockchain and cryptocurrency. Do you think that would be helpful in managing all the heavy load after launching? What impact blockchain use will have on the payments withing the INS Ecosystem?

Blockchain use will help to reduce payment transaction steps. The payment process in e-commerce currently entails more than 10 different steps to settle a transaction and up to 15 separate fees to pay for payment gateways, thus making transaction fees range from 2% to 6%, a long route that could be cut short with blockchain use. Blockchain is the perfect tool for e-commerce to be more efficient and more trustful. Payment processing through blockchain has a significantly bigger potential for transaction high speeds and low prices, let alone all the possible variety of ways smart contracts can improve both ecommerce and payments. A tokenized ledger will provide a complete token-based system, similar to “real” money where tokens are sent and exchanged at different times and for different reasons, based on predefined rules and events.

 Do you mean that blockchain will be the reason that affect the final price for the consumer greatly? Like, if we pay $100 for good XXX for retail market, then we would pay $50 within ecosystem?
Won't be there any hidden costs for blockchain and smart contracts use?

Surely, blockchain will play significant role in reducing existing prices for the grocery market. That will be available due to the elimination unnecessary steps and, thus, decreasing goods' cost.
It is impossible to predict what would be exact reductions, though, as it involves various factors.

[xanadue]

Isit known already what languages will website and application support?

[Dmitriy_support]

Isit known already what languages will website and application support?

Hello! https://ins.world/ is translated to Chinese, Spanish, Russian, Japanese and Korean.
And we are going to translate to many other languages!

[mariam.maryana]

How will INS token be used overall?

[Enerenlel]

Can anyone be a DSP? How can I become one of them?

[Ulail_cc]

Good idea)
Do you have any partners?

Thank you for your appreciation!

INS received strong interest from some of the largest grocery manufacturers in the world. Select companies who have signed memoranda of understanding with INS include:

UNILEVER, a Dutch-British transnational consumer goods company with $54 billion in annual sales in 2015 co-headquartered in London, UK. Its products include food, beverages, cleaning agents and personal care products. It is the world's largest consumer goods company. Unilever is one of the oldest multinational companies; its products are available in around 190 countries.

MARS, an American global manufacturer of confectionery, pet food, and other food products with $33 billion in annual sales in 2015, and is ranked as the 6th largest privately held company in the United States by Forbes.

FRIESLANDCAMPINA, a Dutch dairy cooperative whose main brands include Friesche Vlag, Chocomel, Fristi, Dutch Lady, Appelsientje, Milner, Campina, Landliebe, Optimel, Mona and "Mix'it". It is one of the top 5 dairy companies in the world with annual revenue of €11 billion in 2016. FrieslandCampina has branch offices in 33 countries, employs a total of 22,000 people, and sells products in more than 100 countries.

VALIO, a Finnish manufacturer of dairy products and one of the largest companies in Finland with more than €2 billion turnover. Valio's products include cheese, powdered ingredients, butter, yogurt and milk. It is Finland's largest milk processor, producing 85% of the country's milk. Valio's product range currently consists of about 1,000 products. Valio is Finland’s biggest food exporter and sells products to nearly 60 countries.

RECKITT BENCKISER, a British multinational consumer goods company with $12 billion in annual sales in 2015 headquartered in Slough, UK. It is a producer of health, hygiene and home products.  Its brands include Dettol, Strepsils, Veet, Airborne, Air Wick, Calgon, Clearasil, Cillit Bang, Durex, Lysol, Mycil and Vanish. Listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Thanks for the detailed answer. I see that you have strong partners from the subject area. It inspires confidence

[Dmitriy_support]

How will INS token be used overall?

INS ​TOKEN ​USAGE:
Manufacturers
● Rewards: ​loyalty, ​promotion, ​cross-marketing, ​feedback
● Minimum ​balance ​hold
Consumers
● Payment ​for ​orders
INS
● Referral ​rewards ​to ​consumers

[Dmitriy_support]

Can anyone be a DSP? How can I become one of them?

What do you mean exactly?

[UserMT1]

How escrow works?

[Dmitriy_support]

How escrow works?

Escrow service is provided by Blockchain Law Group (http://blockchainlawgroup.com). All funds will be held in escrow in ETH.

[JaneAcker361]

how do you plan to attract people into ins ecosystem?

[Btc_1856]

How escrow works?

Escrow service is provided by Blockchain Law Group (http://blockchainlawgroup.com). All funds will be held in escrow in ETH.

When are they going to release the find for further developments are contract you are going to make with industrial sectors. I hope you are doing with lot of dedication but is there chance that you can attract more investors.

[kordanallas]

I didn't understand - do you plan to add more payment methods?

[iram3130]

If am not wrong, INS will run on Kickico platform. Wanted to know whether you'll invite investors from outside kick platform too?