W12.io

W12: A Peer-to-Peer Digital Contract System W12 is building a decentralized system in which trust between parties in any type of deal is not necessary. The solution consists of a blockchain protocol, allowing the creation of digital contracts and a decentralized oracle network ensuring their execution. Main markets for the integration of the W12 solution: ICO Market / 12 bn. USD (forecast: 56 bn. USD in 2021) Crowdfunding / 40 bn. USD (forecast: 60 bn. USD in 2021) Charity Market / 700 bn. USD (forecast: 1 tn. USD in 2021) The GIG Market (Freelance) / 1.5 tn. USD (forecast: 3 tn. USD in 2021) P2P E-commerce / 4.2 tn. USD (forecast: 7 tn. USD in 2021) Construction Market / 9 tn. USD (forecast: 10.2 tn. USD in 2021) And many others. The W12 solution is a tenfold improvement over existing centralized analogues, offering the market a transactional model with a commission of just 0.5% (instead of 4-20%) which can be integrated with existing platforms and enterprises on each available market. For the effective implementation of this solution, the team will launch its own blockchain based on the proof-of-authority consensus with the ability to guarantee the privacy of contracts signed by the parties, the low cost of executing digital contracts and the storage of data in the blockchain, a protocol allowing users to create peer-to-peer digital contracts, a decentralized oracle network, audited and trusted stable coin. The W12 solution allows us to reconsider the role of the state as an arbiter in relations between parties and to relieve part of this capacity from state institutions, shifting it to peer-to-peer digital contracts and self-regulated decentralized organizations, thus creating the basis for building a decentralized digital economy.