NAYA ICO REVIEW

By using a set of Smart ERC721 and Contracts tokens in mixture with our off-chain technology, we intend to manage most aspects of the software program advancement procedure in a distributed and automated manner-all the method from item specs until quality guarantee and delivery. In purchase to demonstrate how the various parts of the functional program will function, we possess offered sample workflows below.

Smart Agreements can allow us to efficiently secure and manage imbursement workflows for both customers and person members on the system. By using Wise Contracts to manage escrow obligations, we can ensure that customers’ funds are covered, and they are consequently ascertained successful delivery of the task.

All payouts will end up being maintained by a Wise Agreement thereby making sure that they possess no collection risk, as well as making sure their functionality. The NAYA platform immediately plots in its utilization costs into the cost of the project, which go towards preservation, process and future advancement of the platform itself. The payment movement for these costs comes after the same procedure as it does for delivery stakeholders.

Each task has an associated Smart Contract (this Intelligent Agreement also contains a basic salted mechanism for more protected inter-app communication) which acts as an escrow. Every week at the starting of the project and, the customer sends them every week payment of NAYA tokens to the Wise Agreement and indicators off on the project milestone which are distinct in their client control panel.

In purchase to prevent any shock at the east end of the project, or during the task development phase itself, the customer is usually supplied an updated version of the build along which an immediately produced position report upon which they possess to indication off. The customer can cancel advancement at any period, and upon performing so, the funds for the past weeks are released from the Wise Contract as sum, and any excess post the see period (1 week) is undoubtedly returned to the client. During the training course of the task, as milestones are fulfilled, and the client certifies the finalization, further funds from the Wise Agreement are released.

Once the task is completed, a set of excellence assurance manager (QAs) source from the factor network verify the successful delivery of the job. After this, the project can be handed down over to the client for confirmation.

If the customer identifies any pressing problems post-delivery, the QA stakes are given up
and given to the customer as remuneration. The issues are after that designated to developers on the
network to fix, and the cycle repeats. Once the customer has successfully verified delivery, the staying
funds from the Smart Agreement are released.

Factor WORKFLOW

When a function is requested from either a project, or another component of the workflow, the Reference Tracker and Allocation system query for the best contributors for the task structured on their relevant skill-set, and rating while optimizing for cost. Once identified, a Smart Contract for the job can be produced with a spec document attached via IPFS (decryptable only by the client’s personal essential).

This will contain details on payouts and stake required also. In purchase to acknowledge the job, the contributor must stake the needed amount of tokens, with the system itself, by depositing it into the Wise Contract. After the job ends, the function posted off-chain usually is operated through automated testing if relevant, and it is published for manual confirmation via the contributor network then.

If issues are discovered at either known level, the task is rejected, and it is sent back to the original contributor to remedy. The contributor has three such efforts to repair and resubmit, and if they are incapable of completing it, after that their risk can be dropped and the task is reintroduced to the network. The network certifies the completion of the work once; the tokens are paid out to the contributor’s signed up wallet. NAYA

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