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What is Foodcoin Ecosystem?

Description in simple words. Blockchain technologies are emerging rapidly from the geek spaces, and today everyone should know how the blockchain add-ins work and how to use blockchain with best efficiency. We are happy to tell you what Foodcoin Platform does consist of.
Foodcoin Ecosystem is a blockchain ecosystem designed to put up a global marketplace of foodstuffs and agricultural products on an active platform of 1000 EcoFarms. Considering all of this, 1000Ecofarms stays self-consistent and independent. At the technical level, Foodcoin Ecosystem is a peer-to-peer platform (i.e. decentralized, where each user is equal), connected by data process and storage nodes. Each node stores a full copy of the blockchain on open, as well as on closed network structures. This provides maximum safety against unauthorized data modification.

During the initial stage (the crowdsale) Foodcoin is going to be an Ethereum token. Then, using the raised funds, we will convert it into an independent cryptocurrency based on its own blockchain. The blockchains of the first stage will be based on Ethereum, whose technology allows to create blockchain-based applications with relative ease.

To put up a fully complete system, our project team have decided to address to a fresh and effective instrument of crowdfunding — issuing own tokens. At the initial stage, these tokens will be based only on Ether. Subsequently, we plan to create and implement our own blockchain to minimize, or even eliminate, the costs of transactions inside the Foodcoin Ecosystem. To operate, our system will use smart contracts. Based on Ethereum This mechanism, caused sensation in blockchain technologies, making the creation of blockchain system much easier from the technological side. However, each transaction and interaction with Ethrereum is rather costly, and the creation of a mutually beneficial environment where all relations between the users would be free is possible only by the creation of an own blockchain.

Well, we have given you an insight of the basic principles. Another important element of Foodcoin Ecosystem is our set of tools, and primarily, the Smaco – easily customizable smart contracts designed for different tasks. Our users will have access to a library of contracts with intuitive interface and connectivity with additional options. In addition, wide set of functions will let the users setup smart contracts for their specific requirements. You do not have to be a software expert to use it. To make deals on the platform, the users will have to pass a remote identification based on DIGID technology. Each member of our platform will have its own Wallok – a smart cryptowallet to interact with other platform members. Our own payment processor DiPay, will allow executing payments faster. To make a deal to purchase coffee in Kenya, cheese in Switzerland or potato in Central Russia, users will not have to worry about the quality of products, thanks to PRORID – a system of products and goods origin authentication.
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