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  • Authors:

    Vladislav Kirichenko Vagan Abelyan Andrey Degtyaruk

    CEO (business@jincor.com) COO/CFO (business@jincor.com) CTO (tech@jincor.com)

    Summary:

    1. Introduction

    1.1. What is Jincor

    1.2. Context

    1.3. Organizations

    1.4. Participants

    2. ICO

    2.1. Current status

    2.2. JCR token

    2.3. ICO structure

    2.4. Roadmap

    3. Jincor Architecture

    3.1. Overall structure

    3.2. Core

    3.3. Auth

    3.4. Companies

    3.5. Messenger

    3.6. E-Documents

    3.7. Cryptocurrency wallets

    3.8. Smart contracts

    3.9. Arbitrage

    3.10. Architecture overview

    3.11. Risks

    4. Market

    4.1. Target market

    4.2. Business model

    5. Legal structure

    6. Conclusions

    mailto:business@jincor.commailto:business@jincor.commailto:tech@jincor.com

  • 3

    1. Introduction

    1.1. What is Jincor

    Jincor is a global intercorporate cloud ecosystem, which allows organizations and

    employees within them to conduct decentralized cryptocurrency transactions, create smart

    contracts, organize secure corporate communications, both internal and external, and

    establish new business contacts all around the world.

    In other words, it is a full-fledged digital jurisdiction based on blockchain technology,

    which is created to help organizations overcome a range of existing institutional and

    technological limits to boost their efficiency.

    1.2. Context

    Each organization has its own needs, which correspond to its business area and

    corporate structure, therefore, our solution deals with a few of the most common ones which

    are vital to every company:

    Communication: Day-to-day communication with colleagues and members of other

    companies is essential for the accomplishment of short-term and long-term goals, synergy

    and exchange of ideas and experience. Thus, communication belongs to a range of

    fundamental needs, which should be satisfied using the most convenient, secure and

    effective instruments. Jincor aims to meet this demand by creating a unified and well-defined

    business environment for corporate communications with no state borders or industry and

    institutional limits.

    Identification: One of the most important requirements for communication between

    people is the ability to identify the opponent. Real-world examples of this could be legal and

    identification documents. In Jincor every user has his own ID and acts on behalf of the

    organization to which he is attached, and every organization can go through a verification

    process to confirm its realness and credibility of public profile.

    Brand exposure: Nowadays online footprint of organization affects on its clue elements

    of competitive performance brand recognition and commercial goodwill. In the era of

    digitalization companies always have to be in sight of their target audience and potential or

    current partners, and Jincor addresses this need by public profiles of organizations, which are

    available to any web user.

    Contractors: A journey of a thousand miles starts with a single step, and any major

    company starts with its first client. Regardless their of size and profile, companies have to

    constantly interact with an array of external partners customers, suppliers, agents. Jincor

    makes it easier for entrepreneurs to find and establish new business contacts with its built-in

    search by location and industry.

    Transactions: Liabilities between companies, salary payments, paperwork are all

    necessary but complex processes for any organization. Jincor uses cryptocurrencies to make

    these and many other business transactions instant and fully transparent.

  • 4

    Contracts: It was 1996 when Nick Szabo, American programmer and cryptographer,

    built up a concept of smart contacts. Szabo described a smart contract as a computer

    protocol which automatically executes deals with the help of mathematical algorithms and

    provides a total control of their performance. This idea was further developed with the advent

    of blockchain technology. On Jincor managers and employees of organizations can get

    access to a smart contract construction set, which lets them create and execute smart

    contacts on their own. While using complex technologies at the core of our application, we

    made the product itself as simple as possible for our clients so that they don't need any

    technical expertise at all to make the most of it.

    1.3. Organizations

    In Jincor ecosystem companies are created with the use of decentralized web

    applications (dApp) and Solidity DAO frameworks.

    Each organization at Jincor gets a unique URL, public profile, list of participants and,

    optionally, one or more cryptocurrency accounts.

    The public profile (fig.1) is a kind of digital business card, which allows any person or

    organization seeking for cooperation with the company to contact it with a single-click ease.

    It provides basic information, such as trading name, type of business (private/public

    company, non-profit organization, public authority or other), headquarters location, industry,

    brief summary, website, contacts and social media links.

    Figure 1. A public profile of organization in Jincor

  • 5

    Participants of organization have individual sets of rights and responsibilities, which are

    reflected in Jincor ecosystem through their functional roles. By default, each employee gets

    a basic functional profile, but it can be extended to administrator or other specific role at any

    time, depending on current work arrangements with the companys management team.

    If needed, employees can be divided into departments, which will be represented in

    Jincor ecosystem in the form of small-scale suborganizations. This possibility makes Jincor

    an ideal tool option for companies with complex corporate structure, consisting of multiple

    branches and departments. However, we recommend to keep the companys structure on

    Jincor as simple as possible.

    Upon registration the companies can also get cryptocurrency accounts, which are used

    for:

    Paying Jincor fees;

    Intercorporate payments;

    In-house payments (e.g., paying wages).

    Jincor supports various cryptocurrencies and multisig wallets for further security.

    Operations with such wallets require approval from a number of people responsible for the

    wallet, just like an approval of both parties is required for setting up an escrow in a bank. The

    number of approvals required for operations with a wallet can be customized by the owning

    organization. The keys for approval are usually stored on different machines which makes

    the system even more secure.

    1.4. Participants

    In the core of any organization there are people, who make its very existence possible

    by investing their time, energy, money, knowledge and other material and invisible assets. In

    Jincor terms, participant of organization is a person (founder, manager or employee), who

    acts on behalf of the company in accordance with his/her rights and responsibilities.

    To set up a company on Jincor it is required to fill in the following fields: the companys

    ID, email and password. The same email can be used by a participant for different

    organizations multiple times, but within a company it should be used only once. This

    approach allows users to participate in several companies at a time, just like it often happens

    in real life.

  • 6

    Figure 2. The list of participants of organization in Jincor

    The list of participants of organization (fig.2) is accessible only by its members. This

    kind of information is considered confidential and cannot be disclosed neither to authorized

    Jincor users, who act for other organizations, nor to visitors of the companys public profile.

    Participants, along with organizations, are able to have individual cryptocurrency

    accounts, that can be used for delivering payments, getting wages, dividends or other

    financial gains. Regular transactions based on a set of well-defined elements, such as a list

    of shareholders, dividends distribution policy, labor contracts, loan agreements and etc., can

    be easily organized on Jincor with the use of smart-contracts, which allow to eliminate the

    human mistake factor and build the utmost transparent and fair relationships between

    employers, employees and other participants of Jincor ecosystem.

  • 7

    2. ICO

    2.1. Current status

    Jincor team has been developing ecosystem since May 2016, and at this moment is in

    stage of closed beta testing. Currently, Jincor has the following features: company

    registration, sending invitations to employees, defining their functional roles within the

    organisation, corporate messaging in direct chats or end-to-end encrypted public and private

    channels, editing of companys public profile and establishing new business contacts with

    our built-in search by location and industry. Public beta-testing of the platform, which will be

    available on jincor.com, is slated for September 2017.

    2.2. JCR token

    In order to further the development of the platform, reach breakeven and get to the

    global market as soon as possible we are going to raise extra funding by running an I

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