YouTweak YTI ICO: Production Idea’s Marketplace Blockchain?
It is the first global blockchain-based production ideas market platform. YouTweak.iT is an international service that allows anyone to present an idea of improving, upgrading, optimizing of any product or service, or creating a completely new product to representatives of a particular brand directly or to the community of producers of goods and services.
Statistics tells reveal that only 1% of any creative community can create something really important and worthwhile, 10% will participate in the development of the product, and the rest 89% will only consume and nothing else. YouTweak.it creates a stable feedback channel “consumer-producer” thereby increasing the involvement of consumers in the process of fine-tuning and optimizing products and services.
To organize a real market of production ideas, YouTweak.it invites manufacturing companies (Brands) to become trusted accounting centers or witnesses by allocating their own capacities (Full Nodes) or using their ForBrands SaaS solutions on the following terms:
- Confirming the transactions of the YouTweak.it blockchain
- One full node is controlled by the founders of the project
- Major nodes of ecosystem are controlled by production sites (brands)
- Validators Nodes can be controlled by the community of the holders of YTI tokens (Tweakers).
Requests for the deployment of complete authorization nodes are accepted from the holders in accordance with the terms of KYC (Know Your Customer) and legal agreements or notary signed documents of deployment jurisdiction according to Terms of Trusted Nodes of PoA Network. The YTI token holder community selects trusted holders from the number of submitters for the deployment of complete nodes by voting through their Voting Dapp.
YouTweak Production Idea's Marketplace Blockchain Concept
The platform uses Ethereum Authority round (Aura) consensus algorithm implemented in PoA Network blockchain.
What Is PoA Network?
PoA Network project is the only possible way of expansion of public Ethereum solutions for the nearest future. It is the only implementation of Ethereum, which can provide a solid foundation for YouTweak.iT
How YouTweak Works
Transaction in the logic of the project — Transfer of the encrypted message (Tweak)(in approved format to fit the requirements of each industry sector) by public key of the selected Brand (manufacturer) with or without the use of external distributed storage systems (IPFS) to the address of the manufacturer’s smart contract in the blockchain YouTweak.iT. All transactions in YouTweak.IT are YTI tokens driven, so to send transaction you need some YTI tokens in your wallet. The minimum transaction fee is 0.001 YTI.
Confirmation of transactions — the smart contract that received specifically signed transaction (Tweak) verifies the data format and then the Validators write information to the blockchain about the successful receipt of the sender’s transaction.
Decentralized applications located on the full nodes of the blockchain, periodically poll the contract for the presence of Tweaks. In case of confirmation of Tweak’s arrival, Dapp requests data from the Brand’s smart contract and transfer access to Tweak to the profile service (executor) of the manufacturer. Information about the fact of obtaining access to Tweak with a timestamp is entered into the blockchain YouTweak.iT.
The producer initiates a dialogue with the message sender (Tweaker) and, upon completion of the discussion of the tweak, places a note of acceptance Tweaker conditions, or other terms of the transaction. In the case of providing Tweakers’ reward, the manufacturer must specify the address from which the remuneration will be sent (if using crypto currency) or the details of the sender and the payee. Tweaker confirms the fact of receiving a reward. Information on the payment is entered into the blockchain.