Production
Ecosystem
Experience seamless and transparent interactions with products through a blockchain-enabled platform, ensuring secure data recording, automated warranty claims processing, and continuous improvement based on real-time analytics.
During manufacturing, relevant data such as production batch, quality control checks, and materials used are recorded on the blockchain using an unique trait such as an individually generated QR code or the serial number on the product.
The registration data is encrypted and stored securely on the blockchain, creating a digital identity for each product.
Smart contracts execute the warranty activation process, ensuring that consumers receive immediate coverage without manual intervention.
Sensors and IoT devices embedded in the product collect and transmit relevant data, such as usage patterns, environmental conditions, and diagnostic information.
The claim submission process involves providing evidence of ownership, product details, and the nature of the issue, which is securely recorded on the blockchain.
If the claim meets the predefined criteria, the smart contract triggers the appropriate actions, such as repair, replacement, or reimbursement, without the need for manual intervention.
The repair process is recorded and updated on the blockchain in real-time, ensuring transparency and accountability
Information about recycling facilities, disposal guidelines, and material recovery processes is accessible on the blockchain, enabling consumers to make informed decisions.
Manufacturers leverage insights gained from blockchain-enabled analytics to enhance product reliability, durability, and customer satisfaction.
The reward system for
certified users
Event Signaling Platform
We developed a platform where users can signal events on the blockchain. These events will include important network upgrades, protocol changes, or consensus rule adjustments. The users present on the platform will be certified by CertMe assuring the digital integrity of each individual.
The events signaled by the users are going to enhance the level of precision within the ecosystem.
Every event will contain specific metadata generated by the platform based on the needs of the client, such as: Product replacement and warranty claims, time of product usage, certified reviews and suggestions.
To make sure that the users are actively reporting incidents, for every inclusion they will be rewarded with $GITS Coin, the token that makes everything in the ecosystem “move”.
Staking Mechanism
Implementing a staking mechanism where users are required to stake a certain amount of $GITS tokens as collateral when signaling events. This ensures that users have a financial stake in the network and discourages malicious behavior.
Staking also allows the users to gain more tokens by letting them reach “maturity”
The staking system will look as follows:
For the first tokens the users receive from an incident signal they will have the option to stack for a defined period of time whilst gaining apy (annual percentage yield). After the stacking period the tokens will gain value and volume with various bonuses for the first tokens stacked.
Besides the reward systems, users will have the option to invest and buy coins as they please and share hold a percentage of the supply.
Consensus Mechanism
We designed a consensus mechanism that takes into account the signals from users when making decisions about network upgrades or protocol changes, this will automatically generate reports about the ecosystem. Users with higher stakes may have more influence over the outcome of signaling events.
By creating a ranking system within the users holding a percentage of the supply we can keep score of their involvement in the product and ecosystem. High ranked users will have more say in the future development of the platform.
By giving certified users the power of laying their ideas into the platform we aim to create a community beneficial for everyone involved.
Incentive Alignment
By ensuring that the reward system is aligned with the long-term interests of the network and its users we can make sure that the market won’t be negatively impacted. This involves implementing mechanisms to prevent manipulation or collusion, as well as periodic reviews and adjustments to the reward distribution mechanism.
Transparency and Accountability
By maintaining transparency and accountability in the reward distribution process by providing clear guidelines and publicly auditable records of signaling events and reward allocations we can make sure that every user is well aware of the mechanism and has a detailed documentation page where all its possible questions will be answered.
Community Engagement
Fostering community engagement and participation in the event signaling process through outreach, education, and incentivization programs.
Active involvement is encouraged for a diverse range of stakeholders to ensure broad representation and consensus on important network decisions.
By implementing such a system, users can be incentivized to actively participate in signaling events on the blockchain, contributing to the network's governance, security, and resilience.
Contact
- GITS COM SRL
- 8, Bârsei street, Sibiu, RO
- +40 741 111 450
- office@gitscom.ro