Welcome my dear friends. Today, I continue my cycle of reviews of the most promising ICO projects and I want to focus on the project, which I learned quite by accident, but the project made a very strong impression on me.As you all know, along with blockchain technology, smart contracts are also of great interest for business. To give you a complete idea of what smart contracts are and how they affect modern business and making deals, I have prepared this material.
The centralized business model is giving way to decentralization.
In the traditional centralized business model, there is always a third party that stands between two partners who make the transaction and confirm the terms in the contract. This third party may be a banking institution, law enforcement Agency, government Agency or other intermediary. When building relationships within a centralized model, businesses depend on intermediaries, which exposes the customer to additional risk. In addition, Central systems cannot guarantee payment transactions and compliance with the terms of the contract. The development of blockchain technology, which allows businesses to build decentralized models, opens new horizons for transactions and agreements. And one of the technologies that offers an alternative to the traditional model is a smart contract.
The Concept Of A Smart Contract
Of course the popularity of smart contracts has grown with the popularity around blockchain technology, the term smart contract actually appeared more than twenty years ago. Nick Szabo, a computer scientist and cryptographer, wrote an article about smart contracts back in 1995. The concept proposed by clogs is exactly what smart contracts offer today, including the idea of implementing and storing smart contracts in a distributed Ledger.
What is a smart contract?
A smart contract is similar to a contract from our everyday life, but it is digital and represented by a tiny computer program stored inside the blockchain. More specifically, a smart contract is a piece of software that stores rules to negotiate terms and agreements, automatically checks their execution, and then fulfills agreed terms. However, it will not be long before the blockchain is implemented in all our aspects of life, its implementation will not be sudden or something special, but gradual and regular. In any case, real technological and institutional changes are taking place.
It is from this vision and such strategic implications that the SGAT project was born. This project aims to participate in this adventure, a real transformation of the economy and management initiated by the blockchain, which, however, will be gradual. SGAT is first of all a dynamic and ambitious team of professionals who decided to combine their different skills and gather their experience in a single way to concretize, in an open and collaborative approach, their vision, through the creation of consulting, as well as the development of services and applications based on blockchain technology.
SGAT aims to be a strong player in this transformation by developing its own blockchain and its own cryptocurrency, as well as bringing conventional projects and applications to blockchain technology. This platform will cover all services and applications developed on the basis of SGAT. These services will work on smart contracts to eventually have specific applications that will be useful to everyone, for everyday use and in full.
SGAT consists of two levels:
new high-performance public blockchain;
an innovative ecosystem focused on smart contracts and blockchain applications.
The technology developed by SGAT will allow to configure smart contracts without modification of the blockchain source code. This tool will be durable and scalable, capable of being improved and adapted to offer increasingly comprehensive services, in line with behavioral and regulatory changes.
SGAT is a token that underlie the entire ecosystem, enabling you to access and use services and applications developed by platformui. For example, transfer of fiduciary securities, exchange of cryptocurrencies, membership subscription and access to the use of smart contract tools.
Unlike the Ethereum blockchain, the SGAT token does not conform to ERC20 and cannot be stored on any Ethereum wallet that supports the Ethereum Protocol such as MyEtherWallet or Metamask. That is why the project's blockchain is based on the CryptoNote Protocol.
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Information on ICO
Supporting the project, You take part in this exciting adventure.
First, because the ICO removes the barrier between large and small investors. Everyone can count on promising services, that is, each of us can become a business partner for SGAT, in a very affordable and easy way. Indeed, the team enables anyone who wants to offer financial support, and in the future have direct access to pre-sale services. That is why now the sale of project tokens, which will be a unique way to pay for the platform's services.
More info:
Website: https://www.sgat-technologies.com/en/
Ann Thread: https://bitcointalk.org/index.php?topic=4421668.0
White Paper: https://www.sgat-technologies.com/frontend/pdf/WHITE_PAPER_EN.pdf
Twitter: https://twitter.com/Sgatcoin
Telegram: https://www.t.me/sgatcoin/
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
0x295aca7dda69533ca78410da4fcc5ee2bafd1545