Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic, the project I'm going to present you is YINC(https://www.yinc.com/), a Dapp (Decentralized Application) that takes advantage of the blockchain technology to transform the rental service industry for consumers and real estate management companies, offering competitive prices with authentic reviews, and 'Referent' direct sellers.
In more detail, to make platform possible, YINC's team has created ÐApps. Firstly, what is a ÐApp? A ÐApp is a decentralized application, i.e. an app that does not depend on a central system, but on the community of users that use it. The decentralized application can be a mobile app or a web application that interacts with a smart contract to perform its function. If we remember briefly what was an intelligent contract or smart contract, we will say that it is a computer program that runs itself when the conditions that were programmed in its code are fulfilled. To make it clear, I put it below a comparative between Apps and ÐApps.
| App Architecture | ÐApp Architecture |
|---|---|
 |  |
Once the Dapp concept is clear, the YINC is creating a patent pending solution that connects consumers with service providers in a way that makes the process of choosing between them easier, safer, faster and cheaper than ever. The main idea of YINC is to revolutionize the way consumers search, choose and pay contractors by taking advantage of the emerging technology of the blockchain.
p>To do that, it has developed an innovative platform to solve the myriad of issues in the service-to-hire industry for both consumers and real estate management companies. The most important features of the platform are the following:| Image | Feature | Description |
|---|---|---|
 | Competitive prices | The unique reverse bidding process of YINC creates a "competitive urgency" among sellers when it comes to bidding, giving consumers more timely responses with competitive prices. |
 | Tamper proof reviews | Reviews in YINC are linked to completed and paid jobs, and then stored in the chain of blocks so that they can not be manipulated or altered by anyone, not even by YINC. |
 | Meritocracy of the seller | Consumers have the possibility to contact a Referrer to make a more informed decision about who they choose to hire. |
 | YINC Listory | In YINC, sellers have to put their work where their mouth is, since they will only get more jobs based on the quality of their work, not paying to manipulate the system. |
 | For single or multiproperty companies | Strategically designed for companies that use systems such as Yardi and Appfolio |
 | In-house and preferred vendors | Property owners will have the additional ability to use YINC for jobs that their own internal or preferred suppliers can handle. |
 | Better customer service for tenants | Tenants can make their service requests directly to managers in the system, and managers can bid on the same platform. |
The project gives the opportunity to earn YINC tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Vyper Contest here (https://contest.yinc.com/5142/4944758), where you can access the link in order to see what are the conditions to become an early YINC contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://www.yinc.com/storage/About_YINC.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/YINCann). I hope you liked the post and soon I'll send you new ones.
Token details
Token: YINC
Platform: Ethereum
Type: ERC20
Price in ICO: 1 YINC = 0.08 USD
Tokens for sale: 500,000,000
Token: YINC
Platform: Ethereum
Type: ERC20
Price in ICO: 1 YINC = 0.08 USD
Tokens for sale: 500,000,000
Roadmap
| Date | Event |
|---|---|
| Q1 2016 | Consumer App- Version 1.0 Beta Launch Completed |
| Q4 2016 | Consumer App- Version 2.0 Beta Launch Completed |
| Q2 2017 | Commercial App Version 1.0 Testing Completed |
| Q4 2017 | New Design with Blockchain & Token Economics Completed |
| Q3 2018 | YINC PRESALE |
| Q4 2018 | YINC SALE- YINC Commercial Functionalities Added to the Platform |
| Q1 2019 | YINC Platform Released with the Token Economics |
Author Details
Email: adria.parcerisas.albes@gmail.com
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
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