The birthing of the decentralized blockchain systems creates a spark of positive change for businesses and corporate profit-making ventures. The relevance of the blockchain technology for effecting convenience for our everyday transactions, cannot be overemphasized. This is the reason why many business projects are continually moving the base from centralized networks to a more convenience proven system.
But then, there are the common challenges which are the limiting factors for a successful transition, especially for already existing businesses that have had indispensable business formats that are an integral part of such businesses. In order to remove this challenges, the Ducatur decentralized ecosystem has been created to fast track and implement the effective transfer of businesses and their indispensable data to the blockchain.
What is Ducatur?
Ducatur multi-chain oracles framework is intended to be a reliable source of data information for businesses (and their clients), who have moved business interactions to a blockchain powered platform. The features of the network facilitate the activities of blockchain oracle in ensuring the effective communication of authentic data between interacting participants. Thus, Ducatur allows for valid and active information sourcing from the reliable offline sources and records, as pertains to the businesses that are now on the blockchain.
How the Ducatur framework works
The Ducatur framework is designed to act as a source of verified data exchange between utilizing clients, such that this service becomes valid in dispute resolution, effective creation of smart contracts, amongst other functions. Ducatur incorporates service functions that utilize oracle contracts derived from viable blockchain networks such as Ethereum, EOS, and NEO. These networks serve as oracle sources, and they transmit required data unto Ducatur’s connected nodes and third party data sources (API). Data, as obtained from the contributing nodes, are validated, and consequently ranked based on the validity of the information that they provide. Hence, the framework’s arbitration and dispute resolution would make use of the gathered data from individual nodes, with a consideration of their achieved ranking.
All of these activities and more on the Ducatur framework would be powered by the network’s DUCAT tokens, which would serve as the monetary unit for exchange of services on the framework.
Ducatur ICO crowdfunding event and how to invest
The Ducatur project created 7 billion DUCAT tokens at the token generation event, out of which over 3.652 billion tokens were sold. All of the company ICO events (to include the pre-sales) occurred between May 1st till June 30th 2018, while a hard cap of over $6 million dollars was realized.
To invest in the DUCAT token, prospective investors can make a purchase of the token from listed exchanges, or through the Bankor protocol already on the Ducatur framework.
During the bounty event, 4% of the total generated tokens were distributed out to participating users.
Project founders and the development team
The Ducatur project prides as one with a good number of experts and front-line individuals in the history of blockchain technology. Founder and CEO of the project is George Bells, who has had extensive work experience in the blockchain, and an association with over 20 successful ICOs. Others are Ivan Koshechev internal system interface developer, Mikhail Shukshin, Francis Leitao and a number of others. The project has also got high profile advisors like Prof. John Domingue, Marek Lorinc etcetera.
Although the Ducatur project has shown prospects and hence could have been a reason for its success at the ICO, prospective investors must not be too carried away with the seeming success that it has achieved so far. The Ducatur implementation is still at its very prime, and just like every other ICO funded projects, its ultimate success is still in the future, and hence speculative even still.
Find out more on the website: https://ducatur.com/