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« on: February 06, 2019, 12:12:59 PM »
Briefly explaining the mechanism of SocialPolis Coin
The SocialPolis Coin Project will be a mechanism for receiving, evaluating and implementing new and innovative Blockchain applications in the social and sustainable development economy, the humanitarian aid and, in general, the support of the Solidarity sector and NGOs globally. The major difference with any token-nomics on the Blockchain is the great challenge to bridge real world and assets with digital precision of the virtual world management. One of the obvious solutions is to simplify interactions with real world services and assets by digitizing or by “tokenizing” them.
Tokenization: Every operated Social Economy party undergoes a form of standard digitization process. The result of such process is as follows:
• Every party gets a corresponding unique token ID, which is mapped to the registry.
• Each party’s financial transaction through SPL Coin can be interpreted within the developed Blockchain platform: tenant IDs, performance stats (KPIs), operational strategies and related business documents.
As soon as a transaction is successfully tokenized, SPL Coin holders can interact on the platform with it. Ethereum was selected as the SPL Coin’s development framework.
To learn more about SocialPolis Coin Project, please visit our official website.