We have decided to make use of the revolutionary technology - blockchain. We have chosen blockchain as underlying technology of the platform in order to allow us to build a secure, transparent and verifiable system for all platform participants, especially for contact owners, holders and users.
The InChainZ platform will record in blockchain ledger the events of interaction between the participants related to trading of contacts and provision of access to contacts, through the use of the platform tokens.
Every time a transaction is made, regardless of whether it is retail or e-commerce, the blockchain will record: time of the transaction, both receiving and sending wallet addresses, warranty conditions, delivery time, and all of the other information that is typically needed to ensure the trust in different countries. All of this information will be encrypted and only available to authorized users in a beautifully designed user interface. Based on this information, clients and merchants will be able to file/solve a claim, rate each other, etc. A default trust rating will be applied to users who are using the platform for the first time. The trust rating will be assigned to specific wallet address. Every time a transaction is made, claim registered, solved or unsolved (according to the purchase details saved during the purchase), review written, etc., the smart contract will automatically change trust level for each wallet address involved.