SMACO - SMART CONTRACTS` SYSTEM
SMACO (Smart Contract) is a system of flexibly administered smart contracts allowing multiple inputs and outputs. It provides integrated horizontal and vertical connections between the transaction parties. A smart contract can be managed by one or more administrators. A hierarchy with permissions is configurable by FOOD user who created the smart contract. Additional parties of the transaction can be invited by the administrators of on their own initiative or on the basis of consensus and become either parties or verifiers of the current smart contract.How it works?
Blockchain based Management System
An open database is easy to manage and monitor, and greatly simplifies the analysis and planning of finances. DOCFLOC system includes the ability to work with both the documents themselves and the metadata.
Traceability is the key for food safety. It allows to track the most critical elements that a product supply chain consists of, such as the path that the product went through since the origin, and even the forage used, or components of animal origin in a product.
Smart contracts may have a complex structure and be interconnected, and third parties, regulatory bodies and may also be invited to join them.