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

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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.

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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

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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.

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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.

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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