CRYPTOKID: Contractium: The Contract-Fuel for Online Commercial Network

About Contractium

Contractium is a decentralized software that runs smart contracts based on Ethereum, which run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. This enables businesses and commercial users to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

The software runs on a custom-built blockchain, which is a global shared network, that can move value around and represent the ownership of property. The Ethereum-based smart contract software will help non-skilled users of blockchain create contracts easily. Additionally, it is the solution to internet consumers who would want to earn money or rewards when they use services found on the internet.

Contractium allows businesses and individuals to create markets, store registries of promises or debts and move funds in line with the given instructions on the blockchain. The platform will eliminate the print contract that required the use of signatures between two parties or notarized by a third party or a public notary.

Contractium believes that in the near future major online business enterprise will be powered by the blockchain technology further creating a global decentralized economic world. As this is in the process of realization, Contractium which is a decentralized application (dApp) helps even non-technical background users create smart contracts easily, securely in a trustless manner as they enter into any contractual obligation with themselves.

Contractium Network is among the generation of companies classified as a S-a-a-S (Software-as-a-Service) majorly targeting three interrelated key areas of business

Smart Contracts Creation
Crypto-Payment Gateway
Crypto-Reward System

Contractium Features

Contractium will provide the following features:

A Blockchain Application

Contractium which is based on the Ethereum blockchain smart contract will be integrated into the inner network of real businesses. The software will have a friendlier user experience and graphic user interface compared to Ethereum.

Users will be able to use it to create smart contracts with a click or through the drag and drop method. Further, with the use of the CTU token, the software will change the way online businesses give bonuses and rewards to their customers.

Smart Contract-Smart Wallet

The Contractium wallet is the gateway to decentralized applications on the Ethereum blockchain system. It allows users to hold and secure CTU tokens.

Opt-In Commercial Smart Contract

Smart contracts aim to provide security that is superior to traditional contracts and to reduce transaction costs associated with contracting. Ethereum allows developers to program their own smart contracts, which are written in Solidarity. Contractium is developed based on Ethereum smart contracts, which helps users generate smart contracts that can be used for business transactions or for consuming paid information found online.

Contractium Blockchain Smart Contract Software Network

The software will be used for guaranteed contract agreements. It has a few important features that are essential to businesses, marketplaces, and individual users.

User authentication that is done by use of cryptographic features that are part of the software
Customized payment logic that allows users to create their own payment systems on their business websites or for personal purposes
Secure since the software is 100% DDoS resistant due to being a fully decentralized blockchain based on the Ethereum platform
Ample storage as users do not have to set up secure databases as Ethereum will give them the storage space they need
Interoperability with Ethereum as everything on the contractium software can interact with everything else on the Ethereum network
Ethereum server free zone since the application is developed on the blockchain thus users do not need to set up or maintain servers.