Blockchain system in our Service AIDA. (Part 2- Continuation)

Our platform is built on the Etherium platform, the blockchain system is taken with all the infrastructure and is implemented under our requirements. The electronic wallet user can replenish with the help of the exchanger, or through our own billing system. Customers will be able to top up their balance with standard payment systems (PayPal, QIWI, VISA, etc.). Payments are first received on the balance of the “AIDA” service, then, as a result of the contract with the manufacturer and the amendment to the SLA, it is paid to the supplier. If the supplier wants to cash them, he can receive them on the settlement account through our billing system.
Upon the introduction of crypto currency for payment of transactions, the system will be located at the point of profitability from the fiat side. At the same time, many manufacturers while buying raw materials from each other, can quickly pay and receive it without delays, which must be tolerated in dealing with the fiat currency. In extreme cases, manufacturers and customers will be able to exchange crypto currency using our billing system or third-party exchange services.
For the ICO, an AID token was developed. AID token works on the new specialized standard and is aimed at carrying out crowd sale, with the calculation of work for the period of the preICO and ICO. And also carrying out Bounty campaigns.
In the future our own coin will be based on the development of Ethereum, as the most convenient, fastest and most reliable blockchain. In the Etherium network, the data is written as a linked chain of blocks, each of which contains a hash of the previous one.
Smart contracts in Ethereum are presented in the form of classes that can be implemented in different languages, including visual programming and compiled into the bytecode for the Ethereum Virtual Machine (EVM) before being sent to the blockchain. The change in the condition of the virtual machine can be recorded in a full Turing scripting language.
Unlike the scripting language, in the bitcoin protocol, EVM support cycles, so the platform uses a mechanism called gas to limit contracts that can take a long time to complete. In our coin blockchain, smart contracts will also be available to regulate the conduct of buyers’ transactions with suppliers of goods and services. Which helps to solve the problem with unscrupulous suppliers, because once suppliers break the rules and conditions, this will leave its mark in the blockchain and to change it will be impossible.

A similar system could be built without using blockchain, but the system would lose many unique functions, such as:

1. Smart Contracts;
2. Multilateral transactions;
3. High speed of transactions;
4. Low transaction costs;
5. Financial transactions without banks;
6. Counteraction to fraud.

To know more about our project, please visit our website: http://www.aida.market