Smart contract creation platform Confideal announced today that they have entered into a cooperation agreement with district0x, the network of decentralized marketplaces and communities.
[Note: This is a press release.]
district0x’s cooperation with Confideal will provide uncompromised benefits for both companies. district0x’s experience in creating “districts” as marketplaces that are operated by a lot of smart contracts is priceless, and Confideal will get a lot of experience and recognition by taking part in the creation of the smart contracts for new “districts.”
Thus, it will allow Confideal to get more client-flow through their platform, and it will allow districts to simplify their smart contract creation processes, because all of their d0xINFRA framework is comprised of Ethereum smart contracts and that is what Confideal is specialized in.
The district0x Network is a collective of marketplaces and communities, which we refer to as districts. Districts exist as decentralized autonomous organizations on the district0x Network. All districts will be built upon a standard open-source framework, d0xINFRA. Modeled after the Ethlance stack, the d0xINFRA framework is comprised of Ethereum smart contracts and front-end libraries.
To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, the district0x Network Token has been introduced. The district0x Network Token (DNT) is a staking token, used by holders to join districts and participate in their governance.
Upon staking district0x Network Tokens to a district, participants receive an equivalent amount of voting rights in the district. Voting rights can be used to partake in the processes that determine everything from a district’s branding, to its accepted code of conduct, to the auxiliary modules that are integrated, to the way that fees collected by revenue-generating auxiliary modules are utilized, and beyond.
For more information about district0x, please visit district0x.io.
Conﬁdeal is a visual smart contract builder that makes creating, managing, and enforcing smart contracts quick and easy. Users with absolutely no coding skills can create an enforceable, self-executing, and secure digital agreement powered by Ethereum for all types of transactions. The platform’s built-in arbitration module allows contract parties to resolve disputes in the Conﬁdeal environment using top-rated arbiters without the need to reveal any personal data. It offers a revolutionary opportunity for enterprises, small companies, and individuals to execute deals without the need for costly and delay-inducing intermediaries.
Images courtesy of Confideal and district0x.