Introduction
The idea of different teams coming together from all parts of the globe to form an organization has become more popular in recent times. Teaming up as a group of different experts has brought several prospects and opportunities.
Current organizational framework can only be reasonable if all members belong to the same regulatory body and share similar organizational structure. Besides, for such to work, they need to be in the same jurisdiction.
Nevertheless, this is contrary to the path that the organization appears to be mapping for the future. From all indications, the more stable newbie organisations are taking over from traditional businesses and groups are defiling the geographical and jurisdictional barriers. Millions of entrepreneurs keep launching several new enterprises on yearly basis.
Although the above stated figures may appear encouraging, it’s just a fraction of the start-up firms that eventually surface, therefore, less than 50 percent of the new organisations set up is of help to the society.
The key problem that underlies the failure of the new organisation is paucity of funds, and it can’t be over stated. Most of the organisations that do not succeed lacks the required capital to run the set firms for the least time possible.
Problems Confronting New Organizations
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The first challenge that most new company face us that of legal requirements and regulating from different companies. This differences in legislations often result into frictions as it keeps changing by the day and violations can result unto penalties which is usually in the form of exorbitant fees. It often discourage bright minds from seeking meaningful collaboration at all.
Yet another problem facing new age organizations is high cost of registering the business, th legal fees, transaction commission among others. Registering a firm takes a lot of paper work and legal processes which can be overwhelming for new age organisations and cut back their gains.
Furthermore, new age organisations are faced with the challenges of paying for the update, maintenance and safety of the organisations finances especially to protect it from cyberthefts if it is online based.
Resolving conflicts whenever they arise is yet another hurdle that new organizations find difficult to scale and yet the organization will have to decide on which partner is relevant which ones should be excluded. All this are problems that the new age companies face and of course, ones that deter the from surfacing eventually.
The EtherInc protocol is a blockchain based platform that uses de decentralization approach to resolve all this conflicts.
EtherInc
Also known as eInc, EtherInc is a blockchain-based platform that is translating the dreams of decentralized organizations into reality by offering a seamless and disaggregated organisations as the case is with Bitcoin.
eInc organisations surpasses the geographical, middlemen and most other limitations that faces typical new age organisations. EtherInc aims to provide a different protocol where decentralized organization can work and subsequently develop DApps, offering unique tradeoffs that is quite resourceful for a wide array of DApps.
The protocol and decentralized applications will focus on instances swift building time, safety for unpopular applications and efficiency in interactions are very much needed. The EtherInc protocol achieves this by developing a solid foundation with blockchain featuring an in-built editable programming language where users can change the requirements as they want.
This will make it easier for new age organizations to survive on third own because they can always leverage on the dynamic platform offered by the EtherInc protocol.
EtherInc Token
The eInc token name is EtherInc and the symbol is ETI. It is blockchain oriented and the total coin supplied is 997,528,142 ETI while the total coins in circulation is 450,000,000 ETI.
One ETI goes for 0.10 dollar while the soft cap is 1,000,000. The hard cap is 22,000,000 dollars and the pre-ICO sale started on June and ended in that same June.
Conclusion
EtherInc protocol seeks to redress the challenges that limits new age organizations from emerging by ensuring faster transaction speed on Ethereum and lower cost of transaction.
For more information here are some helpful links
Website
https://einc.io/
Whitepaper
https://cdn.einc.io/assets/files/einc_whitepaper.pdf
Medium
https://medium.com/einc
Telegram
http://t.me/eincHQ
Written by Ebykamsiokoro
Eth wallet address
0x8Acd65aFAcd8F326F65479515F7e015dFa04d904