Blockchain Startup BitCAD Launches a Crowdsale Campaign

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BitCAD, a cryptographic smart platform, has announced a crowdfunding campaign to back the development and production of a wide variety of hardware and software solutions based on Blockchain technology. The products seek to revolutionize the very core of business relationships and make them easier while enhancing security and reliability of the entire paradigm. Crowdsale will start on May 4, 2017 at 12:00 GMT.

The platform’s software solutions include a comprehensive system focused on managing financial processes like accounting, CRM, asset management, or online banking in a decentralized manner. The BitCAD system enables constructing smart contracts for every occasion and introduces a formal legal language to make operations smooth and seamless. Thanks to Blockchain technology, once terms and conditions are agreed upon, they cannot be changed.

Another solution offers an electronic arbitration system covering both platform members and third parties seeking dispute settlement. Parties may agree any jurisdiction and assign judges from legal systems they deem applicable while ensuring the contract in question meets the legal requirements of said jurisdiction. This tackles the problem of contract applicability across various countries which causes businesses and individuals to spend a fortune seeking a legal advice.

Finally, the company develops a decentralized system for biometric identification of users that works as fast as its classic counterparts with no involved risks of compromising sensitive data due to vulnerabilities inherent in centralized solutions.

The crowdsale shall last for one month, from May 4th to June 4th of 2017. Out of 100,000,000 tokens supplied overall, 51 per cent will be subject to sale over the course of the campaign, with the remaining funds distributed between the project’s team and early backers (20 per cent), business specialists and academic researchers (27 per cent), while the remaining 2 per cent will be reserved for post-crowdsale bounties.

BitCAD founder and CEO Vladislav Mitrofanov stated:

“Our systems are set to be as accurate and precise as possible. We seek to remove all vulnerabilities and inconveniences of outdated centralized financial and legal solutions. What we offer is a completely new paradigm where people can feel at home in a decentralized environment, and the internet of things works like clockwork.”

Further details as to the fundraising campaign are available at the project’s official blog.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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