PROJECT

ContractNet's philosophy and reason for existence is to be the global exchange of IoT data, and the platform for some of the most exciting applications on the decentralized web.

WHAT PROBLEMS ARE WE SOLVING?

It provides a solution to many of the current problems associated with combining blockchain, smart contracts and IoT technologies.

Blockchain

  • Risk of dependence on third parties
  • High transaction fees
  • Speed and scalability
  • Consensus mechanisms
  • Multi-pool mining
  • Public vs private blockchains

Smart contracts

  • Risk of dependence on third parties
  • High transaction fees
  • Speed and scalability
  • Consensus mechanisms
  • Multi-pool mining
  • Public vs private blockchains

iOT

Challenges:

  • Scalability
  • Processing power and time
  • Storage
  • Dapp standards for IoT

Risks:

  • Credibility of vendors
  • Credential security
  • Legal compliance

Contractnet
has solutions.

ContractNet FOR DAPPS, vice president of blockchain technologies for IBM.

Dapps have long shown promise on a platform like blockchain. What has been missing is authenticated data from outside of the blockchain. ContractNet solves this by enabling a network of oracles and sensors.

ContractNet is designed to be extremely programmable and easily integrates with the standard web in order to ease the development of this nexus between web 2.0 and the interconnected future of smart devices. It is accessible to the end user via decentralized applications utilizing a hybrid of web2.0 and web3 interfaces.

FEATURES

ADVANCED TECHNOLOGIES

Contractnet provides smart solutions to the problems at the cutting edge of Blockchain and IOT