Zygot ERP: Blockchain Enterprise Resource Planning Software?
Zygot is a decentralized open-source intelligent ERP solution that enables enterprise interoperability at scale. The next-generation platform is building a strong, diverse team of curious and creative people who want to find a purpose in their work and support each other in the process.
Zygot aims to bring the benefits of tailored software solutions to all companies, regardless of their size, according to their needs. The mission of the project is to conceptualize, design, facilitate, and sustain an ecosystem and mechanisms for decentralized enterprise software. This will happen with an international scope in diverse domains of software development, application, and advancement.
The prime objective of Zygot is to make a blockchain-powered, global, inclusive for all company sizes, domains, ecosystems, affordable, community-improved, collaborative, and sustainable ERP modular solution—ZERP.
Zygot was inspired by the fact that any company needs ERP software solutions. Research and practice reveal that with these software solutions, clients and providers have a broad range of problems and misunderstandings. When a company acquires ERP or just part of it, it leads to adjustments and alterations, especially in the implementation stage. Such changes often reflect on the final product.
Besides, the implementation of ERP software solutions is an overly expensive exercise, especially when modifications and alterations are required and they have to come from the same provider. The major change of the software is excessively pricey and budgets already spent for the existing solution.
To minimize the misunderstandings between the providers of ERP software solutions and clients, there is a need for a decentralized system that offers several improvements. Against that backdrop, Zygot works with the Tendermint engine—a decentralized system that can also use application-specific blockchain logic to resolve the above-mentioned issues.
Zygot aims to launch ERP software that is Open Source, which users update and maintain by independent software teams, independent implementation teams, and clients.
In a decentralized system, users will be able to use various implementation teams for the same software solution, various implementation teams for software production, and for various software updates.
Zygot aims to create a dashboard on which the users will publish their needs and state how many tokens will be transferred to the implementer team. That way, the cumulative number of tokens offered from many users with the same needs will be the incentive for the teams to uptake an assignment and fulfill it with the best possible quality.
The ZYGOT token is the base resource that powers the ZERP engine. It will be used in several mechanisms throughout the ZERP ecosystem. One modality of usage will work as follows:
- The users will have to stake a certain amount of tokens according to the modules they want to unlock.
- The tokens will be locked into a smart contract for a given duration such as 1 year.
- If the user decides to unlock the tokens and disable the module, the user will be ‘penalized’ with a certain amount of tokens according to the timeframe of usage.
Additionally, the tokens will be used in the ZERP marketplace, where development teams will have to stake a certain amount of tokens to be eligible to accept tasks from a particular company.