The Ethereum blockchain is a unique platform through which people can use tokens to create and run applications and create smart contracts. The smart contract is one of the major distinguishing features between Ethereum and other types of digital currencies. It’s basically a contract, but instead of being written physically or in a digital format, it’s written in code. The creator then uploads the contract into the blockchain.
Progress on the terms of the contract is tracked and stored in the public ledger, which makes the details surrounding that contract tamperproof. The contract code is structured as to work according to its terms in order to ensure both parties or individuals involved keep their part of the contract.
A vivid example could be you rent a motorbike from a firm that uses Ethereum. A smart contract is generated immediately, and once you deliver the agreed amount of currency, the system automatically sends a digital key to unlock the motorbike . This entire process is carried out on the public blockchain and everyone can see what has been done.
Ether is a token whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.
Ethereum is an improvement on the Bitcoin blockchain. It is a decentralized public blockchain which employs the smart contract and a distributed computing system.
VOLUM group has pulled resources to design a blockchain B2B ecosystem on the Ethereum network to serve producers, wholesalers, distributors, merchant middlemen, brands, governments, financial institutions and other stakeholders and key players in the business world.
Volum utilizes the blockchain leverage to create a blockchain holding company that helps reduce risks through diversifying and sharing infrastructure to reduce cost and maximize production yielding more output.
Volum offers companies that use its platform the opportunity to scale up and penetrate international markets giving them better opportunities to grow and larger targets to reach. Volum acts as the central location for business supply chain monitoring and operation. Businesses that use the Volum solution can access transactions like purchase orders, payments, legal contracts, rewards, delivery and parcel tracking, inventory ordering, shipment management, big data analysis among a host of other services.
Today, Volum has already entered an agreement to invest in minority equity stake of 5 blockchain portfolio companies. These companies include Software Developers Associates Inc, International Spirits and Beverages Group (ISBG), Energy Rescue System Corp, Assets Rescue Management & Equity Financial Inc, GridPower Network Corp.
Volum is poised to offer value to its users through its portfolio of companies to improve business procedures and increase efficiency. Volum will also ensure that it invests in companies that posses sustainable long term asset value. The Volum team will painstakingly seek out companies with innovative business models and cogent revenue models to add to its portfolio.
Companies in the portfolio will use a single cryptocurrency to perform blockchain based transactions to ensure uniformity and unity of purpose.
All transactions on the platform will be executed using the VLM tokens. The VLM tokens are both ERC 20 and ERC 721 compatible tokens which will be for fungible and non fungible uses respectively.
Token Generation Events/Sales are scheduled to take place in 5 stages. A total of 236 800 000 million tokens will be sold. The hardcap has been placed at $74.6 million with $1 million set as softcap.
You can find out more about the VOLUM project by visiting the links below.
https://volum.io/ https://volum.io/assets/images/volum-whitepaper.pdf https://www.facebook.com/volumproject/ https://www.instagram.com/volum.io/ https://t.me/volumholdings https://twitter.com/IoVolum https://discord.gg/N5K9cFK https://bitcointalk.org/ Bouny0x Username: Donrep09
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