MERITT - Open Protocols For Independent Creation And Maintenance Of Peer-to-peer Financial Contracts For Blockchain

http://www.meritt.co/

Meritt is an open source and free protocol and decentralises fund raisings and token issuance for individuals, communities and small businesses. With the Meritt protocol plug & play building blocks, you can create yourself your bespoke tokens, whether these are equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens. Key terms of your token are committed on the blockchain and executed by smart contracts, providing transparency & certainty on settlement. Personal information remain under your control and disclosed on zero knowledge basis only, Meritt do not hold any of your private information. To sell your tokens once created on the Meritt dapp, you can either list it on the Meritt marketplace after disclosing you Meritt score, or place your tokens with trusted networks you have built on the Meritt social network dapp.

1. Tradable in whole or part
Meritt Financial contract is compliant with the ERC20 standard setting of the base for token transfers and splits, Transfer can be restricted to a closed user group and temporarily suspended (token can be frozen).

2. Dynamic payment channel
Any payments from the contract token issuer (a dividend payment by a company for example) to the pool of participants is automatically transferred to the relevant wallet where the issued token is being held. The distribution respects the pro rata distribution of the underlying assets.

3. Voting & two way communication
Participants (contract token holder) to vote on-chain through voting interface when required. The voting mechanism can be submitted directly to the contract for evaluation. Alternatively, the votes can be private with only a hash being submitted to the contract to confirm the authenticity of the vote.

Two-way information channel: (i) Contract token issuer can be broadcast messages through the smart contract to participate in the event. an option).

4. Self-creation & implementation
Via a Meritt network dApp, the entity seeking funds creates and issues a financial contract, the corresponding contract token of the mine is distributed token on reception of payment from participants (similar to a vending machine).

5. Contracts ledger explorer
Participants and observers can query Meritt registers to obtain data about the existence of Meritt contracts deployed (to the extent they are public) as well as

6. Datastore framework
Allows Meritt users to manage and provide information on a partial and a zero-knowledge basis. The data itself can be self-hosted or held in a distributed data storage.

Applications and platforms can utilize the Meritt protocol to enable their users to fund or raise funds based on peer-to-peer.

Simplicity creates contracts and their implementation. Through the Merit network of DAPP networks, companies seek funding, creating and generating financial contracts, as per the chop agreement and placed into a special contract for distribution, which automatically sends the signing agreement upon receipt of payment from participants (such as ATM).