Cointract

5 billion people will be connected to the internet in 2020. The introduction of a digital transfer value systems, that goes beyond currency transaction because of the block-chain technology that it’s built on, will disrupt many verticals in international markets. This technology acts as a verifiable public leger that is sustained on the internet by a network of distributed nodes around the world, and its next stage is difficult to conceptualize.

At Cointract, we forge trust, increase resources, and boost better business practices by creating contracts, contract tracking, and a trust rating system to benefit Salesforce users who use emerging and existing virtual currencies. Our clients are Saleforce users in the B2B and P2P space. Salesforce is the perfect platform for Cointract because it has the capability to implement native business applications, can be applied quickly, and functions globally.

Based on abstractions of non-currency transactions made possible by using timestamps and public ledgers for ownership transfers, our products save money by removing third parties currently charging for their services, create value by giving the user the ability to turn their assets into self sustaining economic units, and expedite transaction times from days/weeks to minutes, streamlining businesses.

Our favorite features are the rate of currency verification, the notifications associated with streamlining transactions through contracts, and the contract rating system. The amount of time it takes to pull data from a public ledger that confirms state of ownership is in real-time. Digital currency verification of an account, which calls to the block-chain to verify whether a contract should be executed or not, happens instantly. Apex applied in Salesforce notifies users with SMS and/or email to let them know where they are in the contract process, benefiting both parties. Contract rating promotes customer retention and future contracts.

Currently most businesses and individuals are unaware of the non-currency transactions that are possible using block-chain technology. Cointract provides the evolving global economy with a streamlined processes which will save them time and money in a system that offers revolutionary choices, solutions, and possibilities.