Features of the system functionality

Decentralization

A decentralized database based on blockchain technology makes it impossible to fake and centrally manage the system. This means that the system cannot be unilaterally controlled unless that control is approved by a certain majority. This majority always has the opportunity to change its decision on certain issues of governance.No hack or takeover of one or more servers will provide complete or any control over the system as a whole.

Single registration.

Open money is a community where you can register only once. Verification (a complex multi-stage function of confirming the user’s identity) does not allow creating fake accounts, which in turn allows participants to learn about the behavior of other users in the system and thereby trust them to execute certain contracts.

Openness of money

The openness of money in the account, the openness of their use, will allow participants to control the systems and evaluate the effectiveness of spending funds. And also to understand how this or that contract, in particular the manufactured goods, is harmful to the environment.

The system allows you to track the movement of goods not only from the seller to the buyer, but also from the buyer to the seller, to control its disposal or delivery back to the manufacturer.

Arbitration

Own arbitration of contracts (replacement of the world court) allows you to protect contracts both in the financial sector and in the real sector of the economy. The parties to the contract themselves agree in advance on the terms of arbitration. At the same time, any user can be an arbitrator (judge), this does not require any certification other than private. That is, created by the same users.

 Certification

Private certification is an analogue of state quality control of goods, services or certain processes, including arbitration. Private certification is an organization registered in the system, this is the main type of organization in the system. The task of certifying organizations is to issue certificates to users about this or that, the reputation of which, in turn, depends on the reputation of the certifying organization. An example of a certifying organization can be a school, university, fire department, etc. An example of a certificate is a certificate, a diploma of education, courses, etc.