LONDON, March 24, 2018 /PRNewswire/ --
A new era for SMEs as
SMRT Tokens enable efficient, transparent
and borderless business transactions
- Enables small businesses to
be born global
- Smart contracts offer frictionless trade
- Pre- ICO launch for bulk purchase
investors on Saturday 24th
March 2018
The Smart Startup Company, founded by social and technology
entrepreneur Simon Krystman promises to make it simple for ordinary
businesses to benefit from the transparency and security provided
by the blockchain, by launching SMRT (Smart Startup Token)
contracts. The aim is to create a frictionless trade platform for
startups and SMEs.
SMRT describes itself as a "vending machine for legal documents"
that are then secured in the blockchain. The need to create
contracts can be extremely onerous for start-ups, in terms of both
money and time. Blockchain offers the opportunity to make
enforcement cheaper and easier. However, few small businesses have
the resources or understanding of blockchain technology to utilise
it. The SMRT templates will cover the contractual areas that
startups and small businesses encounter, such as shareholder and
intellectual property agreements. They will also cover finance and
trading agreements in the way the Ethereum blockchain was
originally designed for.
Simon Krystman explained: "Established trading marketplaces
could benefit enormously from our smart contracts, as buyers and
sellers will have automatically enforced agreements to transfer
money for goods and services. They also open the way for many new
decentralised marketplaces, where the smart contracts are the
enforcements of trade. Small businesses would be able to buy
bundles of our smart contract templates to facilitate their
sell/buy trades."
The pre-ICO for investors to bulk buy tokens will take place
from 24th March 2018 to
21st April 2018.
Team
The Smart Startup Company and SMRT token team are highly skilled
and experienced in running successful businesses. They have a wide
variety of talent, connections and expertise in blockchain, AI,
entrepreneurship, funding, intellectual property, government and
regulation, giving SMRT a very solid base. Some team members are
working in an advisory capacity, while holding down high-profile
jobs in industry, government and academia. Others are working full
time to build the infrastructure of a world leading company. Upon
completion of the ICO, the team will be expanding to bring onboard
more in-house software developers, lawyers and finance specialists,
building an internal infrastructure and one to manage partners.
Syed Kamall, Member of the
European Parliament is the Regulatory Advisor to the SMRT Project,
advised; "The technology offers some very exciting opportunities
but as legislators internationally, we must also make sure that
consumers have trust in it. Blockchain and smart contracts will be
a game changer for startups."
Simon Krystman concluded; "The core of our company is the
marriage of legal agreements with blockchain software code,
supported by data science and AI. Our key partners represent this
core and employ leading practitioners in their respective
domains."
Smart Startup Token (SMRT) will be holding a private pre-ICO
sale on Saturday 24th March
2018 for advance bulk purchase of the SMRT tokens. A public
token sale/crowdsale is planned for quarter 4 of 2018. To join the
pre-ICO, visit https://smartstartuptoken.tech/ or view the
Whitepaper at
https://smartstartuptoken.tech/smrt-whitepaper-v1.pdf. SMRT's
strategy is to build a prototype of the platform from the Pre-ICO
funds. This will explain the technology and process for the SMRT
platform and the associated smart contracts. It will also show how
the SMRT token can be used.
Jake Shaw, Founder of Twelve
Ronnies, the start-up company that matches inventors with
entrepreneurs and an early adopter of SMRT, explained his
enthusiasm for SMRT: "SMRT is the gateway to the internet of
agreements. In the same way that the internet and social
media allowed anyone to start-up a business from their kitchen
table, SMRT will transform the ability of small companies to
transact and trade globally."
Further Information
Visit https://smartstartuptoken.tech/ or view the Whitepaper at
https://smartstartuptoken.tech/smrt-whitepaper-v1.pdf
Risk Warning
This article is for information and discussion purposes only and
does not form a recommendation to invest or otherwise. The value of
an investment may fall. Your capital is at risk. The investments
referred to in this article may not be suitable for all investors,
and if in doubt, an investor should seek advice from a qualified
investment adviser.