[ANN][ICO]ContractNet - At the intersection of Blockchain, IOT & SMART CONTRACTS

[Nathan01]

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.

The problem is a unique one and a real one in our today's world we have an increase in phone usage and equally an increase vulnerability of system as well which is why the CNET project is a laudable one, it's a project basically everyone can relate with inasmuch you use mobile but when we talk about security,  i will like to know specifically what kind of security are we looking at here? Anti-viruse?

[Cnote328]

I'll hope it will have a big success. I'll help with my humble support to spread the word everywhere

If all investors have this mindset and are optimistic about a project they invest in i'm certain it will go a long way in publicizing the project. I will surely spread the word about ContractNet just like Naxter plans to do and i urge all investors to do likewise.

[kamnibal]

How is the smart devices and sensors will act as oracles?

[faulerwilli]

It's a good project, with a good team.
I hoped this project to grow up faster

ContractNet plans to garner support and grow a community in the following ways:

Miners can provide computing power to the network in exchange for “gas” and the opportunity to find the next block which is rewarded
Storage Miners can provide storage capacity to the network in exchange for “gas”.

the mining will be easier than it used to be. It is currently not so easy for non-technical people.
But you write here only of "gas", can we mine then coins  or just gas?

[Ace44]

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 

[cryptossi]

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 

Its strange not to see dates on their roadmap but at the same time I like that they have their major goalposts, they have already achieved their first two major goalposts; create the blockchain and foundational tech & launch the website and whitepaper.

Looking forward to ContractNet achieving the next two major goalposts; the launch of the CNET desktop wallet and the launch of the FSolidM proposal to further secure Smart Contracts.

Once they have developed these parts of the project then they will really get the ball rolling and we will see the token start to increase in value.

[ContractNetlabs]

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 

Its strange not to see dates on their roadmap but at the same time I like that they have their major goalposts, they have already achieved their first two major goalposts; create the blockchain and foundational tech & launch the website and whitepaper.

Looking forward to ContractNet achieving the next two major goalposts; the launch of the CNET desktop wallet and the launch of the FSolidM proposal to further secure Smart Contracts.

Once they have developed these parts of the project then they will really get the ball rolling and we will see the token start to increase in value.

Hi, We are updating the dates, I mean to say we will announce the work to be done on quarterly basis

[Aimee111]

I'll hope it will have a big success.

[CaptainCrapper]

I'll hope it will have a big success.

tx for you support have a great day

[O$IRIS]

How does this work in real world? I mean the platform aspect of this...

[CaptainCrapper]

How does this work in real world? I mean the platform aspect of this...

hi mate ,
with intermixing of IOT with block chain allows you to optimize personal assets , creation of new services of you own  and a lot more over with greater security,

[19faraon88]

Very good project with fully detailed goals for everyone. Everyone should support this project this is very helpful for us.

[kurozame]

Its a great project!  Great ways to control their activity, very good attitude!!!

[CaptainCrapper]

Very good project with fully detailed goals for everyone. Everyone should support this project this is very helpful for us.

TX for your support mate have a great day

[faulerwilli]

I just looked at your referral program and thought: WOW, 11% bonus, that's really a lot. But after looking at the other levels, I came to the conclusion that this was a mistake.
but if the 11% are correct, then I'll do advertising for you all day:-)

[Cnote328]

I just looked at your referral program and thought: WOW, 11% bonus, that's really a lot. But after looking at the other levels, I came to the conclusion that this was a mistake.
but if the 11% are correct, then I'll do advertising for you all day:-)

Lol 11% is a bit high for referral program but then again one should check the motive behind allocating 11% bonus. By giving high bonus for referring people, people will surely want to enroll for the referral program thereby helping ContractNet achieve their goal of inviting people to their community.

[jamzzz123]

I just looked at your referral program and thought: WOW, 11% bonus, that's really a lot. But after looking at the other levels, I came to the conclusion that this was a mistake.
but if the 11% are correct, then I'll do advertising for you all day:-)

Lol 11% is a bit high for referral program but then again one should check the motive behind allocating 11% bonus. By giving high bonus for referring people, people will surely want to enroll for the referral program thereby helping ContractNet achieve their goal of inviting people to their community.

11% is pretty high but on the plus side of that, it should give more motivation for the ContractNet community to invite friends to get involved resulting in a healthy 11% bonus per referral, I think this could work quite well.

[Nathan01]

How is the smart devices and sensors will act as oracles?

An oracle could be software (eg a website or desktop app) or hardware (eg a smart sensor).  The oracle creates a transaction, that is verified by all the nodes, and pushes data into the blockchain. Inbound oracles provide external data and trigger smart contract executions when pre-defined conditions are met.  Hope this helps?

[faulerwilli]

I just looked at your referral program and thought: WOW, 11% bonus, that's really a lot. But after looking at the other levels, I came to the conclusion that this was a mistake.
but if the 11% are correct, then I'll do advertising for you all day:-)

Lol 11% is a bit high for referral program but then again one should check the motive behind allocating 11% bonus. By giving high bonus for referring people, people will surely want to enroll for the referral program thereby helping ContractNet achieve their goal of inviting people to their community.

11% is pretty high but on the plus side of that, it should give more motivation for the ContractNet community to invite friends to get involved resulting in a healthy 11% bonus per referral, I think this could work quite well.

i am sure, that they made a mistake. When you look at the other levels remains to conclude that for level 1% bonus is paid

LEVEL 1 11%
LEVEL 2 2%
LEVEL 3 3%
LEVEL 4 4%
LEVEL 5 5%

[Cnote328]

I just looked at your referral program and thought: WOW, 11% bonus, that's really a lot. But after looking at the other levels, I came to the conclusion that this was a mistake.
but if the 11% are correct, then I'll do advertising for you all day:-)

Lol 11% is a bit high for referral program but then again one should check the motive behind allocating 11% bonus. By giving high bonus for referring people, people will surely want to enroll for the referral program thereby helping ContractNet achieve their goal of inviting people to their community.

11% is pretty high but on the plus side of that, it should give more motivation for the ContractNet community to invite friends to get involved resulting in a healthy 11% bonus per referral, I think this could work quite well.

i am sure, that they made a mistake. When you look at the other levels remains to conclude that for level 1% bonus is paid

LEVEL 1 11%
LEVEL 2 2%
LEVEL 3 3%
LEVEL 4 4%
LEVEL 5 5%

Oops definitely a mistake from their end, but it would been nice getting such bonus well i see the bonus are designated in levels, how does one get to level 5?