What is CommerceBlock?

CommerceBlock (CBT)

Website

Whitepaper

CommerceBlock is a public blockchain that is building the first technology platform. The platform will bring a combination of decentralized contract execution, trust minimized trade, and asset-backed token issuance and on-chain derivatives to public blockchains. The token sale of CommerceBlock on November 8th, 1027.

How CommerceBlock works

CommerceBlock works using their main characteristics which are cryptography, frictionless commerce, and decentralization and privacy.

Decentralization and privacy

CommerceBlock team understands the need of everybody. They understand that nobody wants their business logic posted on a public blockchain and that’s why they offer a decentralized and privacy feature that all business logic and contracts details are hidden. It is the most secure public blockchain where business owners can enjoy privacy and decentralized security.

Cryptography

CommerceBlock has tools for both engineers and end-users to construct and manage smart contracts. They provide escrow and complex trade flows. Clients have access to advanced cryptography like zero-knowledge proofs and homomorphic encryption. The platform is designed to avoid being a central point of failure.

Frictionless commerce

Transparency, accountability, lack of liquidity between customers and managed financial institutions forbid capital markets to operate freely and efficiently. CommerceBlock disintermediated and frictionless commerce to make the operation more efficient. Participants can now participate in online commerce without asking for permission from a third party.

Features

  • The features of CommerceBlock include:
  • Token distribution and management
  • BIP proposal
  • Zero-knowledge Proof
  • Off-chain smart contracts
  • Ocean network

CommerceBlock roadmap

CommerceBlock was founded in November 2016. Since its inception, the blockchain has undergone some transformation and other features and function have been added as time goes by. In February 2017 the blockchain release an Alpha command Line release of invoicing platform. May 2017 the Beta Web UI for invoicing platform, was introduced and BIP specification for invoicing Platform was introduced later in August 2017.

The pre-sale happens in October 2017, and the token sale starts November 2017. The team is planning to introduce its first enterprise integration of invoicing platform early 2018.

About the CommerceBlock team

The CommerceBlock team comprises of developer and advisors. The founders of the blockchain are Nicholas Gregory and CEO Omar Shibli, CTO. Dan Eve is the Head of Operations and Shachaf Rodberg the UX/UI Designers. The team also comprises of ICO advisors, corporate advisor, technology advisor and marketing advisor.

CommerceBlock token

CommerceBlock uses the CBT as its token. The CBT is an ERC20 token and a total of 1 billion tokens are supplied. The token sale is coming soon, in November 2017.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Cryptostec
DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. © Copyright 2020 Cryptostec
%d bloggers like this: