Think of a vending machine that dispenses templates of smart contracts with a row for business formation, a row for intellectual property, a row for funding, a row for trading etc. Choose your template, insert your token, and get going on filling in the contract or engaging an expert to help you.
The SMRT project is to create this vending machine and the user interface to turn the templates into executable contracts. We are focused on the clearly defined ecosystem of startups and small businesses, providing automatically enforced contracts that enable them to trade and function.
We are aiming at making Blockchain Accessible to Startups and Small Businesses.
We have an expert team and advisory including a Member of the European Parliament on board and also we already have project partners who are looking to sign up once the platform is ready.
The Smart Startup Token (SMRT) aims to solve this by being a gateway to the smart contracts that solve the problems outlined.
The SMRT project is to create this vending machine and the user interface to turn the templates into executable contracts. We are focused on the clearly defined ecosystem of startups and small businesses, providing automatically enforced contracts that enable them to trade and function. The rows in our vending machine that are likely to utilise the most SMRT tokens will be the finance agreements such as peer to peer lending and equity, also the trading agreements between the seller and buyer. These will be sold in bundles and enable businesses to create automatically enforced agreements in much the same way as centralised and decentralised marketplaces enable trade. Our smart contracts will reduce friction, costs and facilitate enforcement of these agreements and trade.
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Blockchain Expert | Family Office Owner | Entrepreneur | ICO Advisor | Global Speaker Rated on Jul 15, 2018 Modified on Jul 15, 2018
3
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16%
VISION: This is a very interesting idea and one with which I fully concur. It's not exactly unique, though that is a strategic rather than a vision problem, and somebody, at some stage, is going to get this right. I'm deducting marks only because at this stage it seems to be so high level. Guys, once the idea is properly fleshed out I would expect to upgrade this to full marks. 3/5 for now.
TEAM: Simon Krystman (the Founder) has a solid track record in execution, and there are a number of other experienced executives who appear to be on board. I say "appear" because there doesn't seem to be a lot of corroboration from LinkedIn, but one imagines this is because, again, the venture is at a relatively early stage. I also note that the team is fairly UK centric -- not necessarily a problem, but one hopes that proper advice has been taken regarding the domicile of the token issuing entity. 3/5 for now.
PRODUCT: At the stage, there isn't one so far as I can tell. My habit in these reviews has become to score a venture with no MVP mid-marks on the grounds that, especially at such an early stage, the tech is only part of the product. 3/5.
SUMMARY: Overall, I'm giving low marks for what could be an excellent idea and an excellent team. Guys -- I would be delighted to review and revise up as soon as you are ready to draw back the curtain.
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Crowdsale completion; SMRT platform development; Primary SMRT smart contracts development; SMRT Blockchain Explorer v.1; SMRT token exchange listings - ongoing.
2
Q2 2019
SMRT network API development; Additional SMRT smart contracts; The SMRT wallet v.1; Blockchain events, partnership building and strategic networking – ongoing.
3
Q3 2019
Platform release with integrated smart contracts - Smart Vending Machine; Delivery and integration of SMRT token and contracts to committed platforms; Whitelabel SMRT wallet – for integration with third party platforms; Additional whitelabel smart contracts.
4
Q4 2019
Recruit new platforms and marketplaces as providers of SMRT smart contracts; Establish network of customisation specialists to service platforms; Marketing/promotional global strategy and implementation.
