Re: [ANN] [INT] IntelliCoin | 2 WEEKS POW! | IntelliApp

curious what InSign would look like. Roll Eyes

InSign, will be more of a website for contract signing, where the signature will be a transaction on the block chain. Just like a contract involves multiple parties, the contract sender will be able to upload the contract, which will then be emailed to the signer, who will review the contract and send a unique INT amount to a unique address instructed in the email. This transaction will indicate that the contract has been signed.

still not understand at all. a platform like counterparty coin?

maybe we have to wait and see.

Here is the front end part of Insign(currently unoperational) : http://intellicoin.me/pod.html
So basically, the sender will be filling in the details and uploading the contract. Now a unique address and an amount will be generated and sent to the signer.
After the signer sends that amount to the address, the contract will be considered signed.

i see. thanks a lot.

but what is the usage of this application in real world.

I think this feature is a very useful for people who want to send contracts to employees/business partners in different parts of the world. I signed up for a similar service last year, but they had a huge fees to manage online contracts. Using blockchain to store the signature is an innovative way of using cyptocurrency for that purpose.

Absolutly... I already had to send contracts at work, it's expensive, and it takes time, especially if you send them at the other part of the world.
Btw, contracts are no only made for buisnesss, you do contracts everyday without noticing.

This is only the beginning of the coin, the devs here shows they are innovative. Nice move.

Edit: The only downside I see is the 2 weeks POW. We might see 400-600 sat if this keeps going on...