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<ul><li><p>Authors: </p><p>Vladislav Kirichenko Vagan Abelyan Andrey Degtyaruk </p><p>CEO ( COO/CFO ( CTO ( </p><p>Summary: </p><p>1. Introduction </p><p>1.1. What is Jincor </p><p>1.2. Context </p><p>1.3. Organizations </p><p>1.4. Participants </p><p>2. ICO </p><p>2.1. Current status </p><p>2.2. JCR token </p><p>2.3. ICO structure </p><p>2.4. Roadmap </p><p>3. Jincor Architecture </p><p>3.1. Overall structure </p><p>3.2. Core </p><p>3.3. Auth </p><p>3.4. Companies </p><p>3.5. Messenger </p><p>3.6. E-Documents </p><p>3.7. Cryptocurrency wallets </p><p>3.8. Smart contracts </p><p>3.9. Arbitrage </p><p>3.10. Architecture overview </p><p>3.11. Risks </p><p>4. Market </p><p>4.1. Target market </p><p>4.2. Business model </p><p>5. Legal structure </p><p>6. Conclusions </p><p></p></li><li><p>3 </p><p>1. Introduction </p><p>1.1. What is Jincor </p><p>Jincor is a global intercorporate cloud ecosystem, which allows organizations and </p><p>employees within them to conduct decentralized cryptocurrency transactions, create smart </p><p>contracts, organize secure corporate communications, both internal and external, and </p><p>establish new business contacts all around the world. </p><p>In other words, it is a full-fledged digital jurisdiction based on blockchain technology, </p><p>which is created to help organizations overcome a range of existing institutional and </p><p>technological limits to boost their efficiency. </p><p>1.2. Context </p><p>Each organization has its own needs, which correspond to its business area and </p><p>corporate structure, therefore, our solution deals with a few of the most common ones which </p><p>are vital to every company: </p><p>Communication: Day-to-day communication with colleagues and members of other </p><p>companies is essential for the accomplishment of short-term and long-term goals, synergy </p><p>and exchange of ideas and experience. Thus, communication belongs to a range of </p><p>fundamental needs, which should be satisfied using the most convenient, secure and </p><p>effective instruments. Jincor aims to meet this demand by creating a unified and well-defined </p><p>business environment for corporate communications with no state borders or industry and </p><p>institutional limits. </p><p>Identification: One of the most important requirements for communication between </p><p>people is the ability to identify the opponent. Real-world examples of this could be legal and </p><p>identification documents. In Jincor every user has his own ID and acts on behalf of the </p><p>organization to which he is attached, and every organization can go through a verification </p><p>process to confirm its realness and credibility of public profile. </p><p>Brand exposure: Nowadays online footprint of organization affects on its clue elements </p><p>of competitive performance brand recognition and commercial goodwill. In the era of </p><p>digitalization companies always have to be in sight of their target audience and potential or </p><p>current partners, and Jincor addresses this need by public profiles of organizations, which are </p><p>available to any web user. </p><p>Contractors: A journey of a thousand miles starts with a single step, and any major </p><p>company starts with its first client. Regardless their of size and profile, companies have to </p><p>constantly interact with an array of external partners customers, suppliers, agents. Jincor </p><p>makes it easier for entrepreneurs to find and establish new business contacts with its built-in </p><p>search by location and industry. </p><p>Transactions: Liabilities between companies, salary payments, paperwork are all </p><p>necessary but complex processes for any organization. Jincor uses cryptocurrencies to make </p><p>these and many other business transactions instant and fully transparent. </p></li><li><p>4 </p><p>Contracts: It was 1996 when Nick Szabo, American programmer and cryptographer, </p><p>built up a concept of smart contacts. Szabo described a smart contract as a computer </p><p>protocol which automatically executes deals with the help of mathematical algorithms and </p><p>provides a total control of their performance. This idea was further developed with the advent </p><p>of blockchain technology. On Jincor managers and employees of organizations can get </p><p>access to a smart contract construction set, which lets them create and execute smart </p><p>contacts on their own. While using complex technologies at the core of our application, we </p><p>made the product itself as simple as possible for our clients so that they don't need any </p><p>technical expertise at all to make the most of it. </p><p>1.3. Organizations </p><p>In Jincor ecosystem companies are created with the use of decentralized web </p><p>applications (dApp) and Solidity DAO frameworks. </p><p>Each organization at Jincor gets a unique URL, public profile, list of participants and, </p><p>optionally, one or more cryptocurrency accounts. </p><p> The public profile (fig.1) is a kind of digital business card, which allows any person or </p><p>organization seeking for cooperation with the company to contact it with a single-click ease. </p><p>It provides basic information, such as trading name, type of business (private/public </p><p>company, non-profit organization, public authority or other), headquarters location, industry, </p><p>brief summary, website, contacts and social media links. </p><p>Figure 1. A public profile of organization in Jincor </p></li><li><p>5 </p><p>Participants of organization have individual sets of rights and responsibilities, which are </p><p>reflected in Jincor ecosystem through their functional roles. By default, each employee gets </p><p>a basic functional profile, but it can be extended to administrator or other specific role at any </p><p>time, depending on current work arrangements with the companys management team. </p><p>If needed, employees can be divided into departments, which will be represented in </p><p>Jincor ecosystem in the form of small-scale suborganizations. This possibility makes Jincor </p><p>an ideal tool option for companies with complex corporate structure, consisting of multiple </p><p>branches and departments. However, we recommend to keep the companys structure on </p><p>Jincor as simple as possible. </p><p>Upon registration the companies can also get cryptocurrency accounts, which are used </p><p>for: </p><p> Paying Jincor fees; </p><p> Intercorporate payments; </p><p> In-house payments (e.g., paying wages). </p><p>Jincor supports various cryptocurrencies and multisig wallets for further security. </p><p>Operations with such wallets require approval from a number of people responsible for the </p><p>wallet, just like an approval of both parties is required for setting up an escrow in a bank. The </p><p>number of approvals required for operations with a wallet can be customized by the owning </p><p>organization. The keys for approval are usually stored on different machines which makes </p><p>the system even more secure. </p><p>1.4. Participants </p><p>In the core of any organization there are people, who make its very existence possible </p><p>by investing their time, energy, money, knowledge and other material and invisible assets. In </p><p>Jincor terms, participant of organization is a person (founder, manager or employee), who </p><p>acts on behalf of the company in accordance with his/her rights and responsibilities. </p><p>To set up a company on Jincor it is required to fill in the following fields: the companys </p><p>ID, email and password. The same email can be used by a participant for different </p><p>organizations multiple times, but within a company it should be used only once. This </p><p>approach allows users to participate in several companies at a time, just like it often happens </p><p>in real life. </p></li><li><p>6 </p><p>Figure 2. The list of participants of organization in Jincor </p><p>The list of participants of organization (fig.2) is accessible only by its members. This </p><p>kind of information is considered confidential and cannot be disclosed neither to authorized </p><p>Jincor users, who act for other organizations, nor to visitors of the companys public profile. </p><p>Participants, along with organizations, are able to have individual cryptocurrency </p><p>accounts, that can be used for delivering payments, getting wages, dividends or other </p><p>financial gains. Regular transactions based on a set of well-defined elements, such as a list </p><p>of shareholders, dividends distribution policy, labor contracts, loan agreements and etc., can </p><p>be easily organized on Jincor with the use of smart-contracts, which allow to eliminate the </p><p>human mistake factor and build the utmost transparent and fair relationships between </p><p>employers, employees and other participants of Jincor ecosystem. </p></li><li><p>7 </p><p>2. ICO </p><p>2.1. Current status </p><p>Jincor team has been developing ecosystem since May 2016, and at this moment is in </p><p>stage of closed beta testing. Currently, Jincor has the following features: company </p><p>registration, sending invitations to employees, defining their functional roles within the </p><p>organisation, corporate messaging in direct chats or end-to-end encrypted public and private </p><p>channels, editing of companys public profile and establishing new business contacts with </p><p>our built-in search by location and industry. Public beta-testing of the platform, which will be </p><p>available on, is slated for September 2017. </p><p>2.2. JCR token </p><p>In order to further the development of the platform, reach breakeven and get to the </p><p>global market as soon as possible we are going to raise extra funding by running an ICO </p><p>campaign. </p><p>Jincor will issue 35,000,000 JCR tokens, most of which will be put on sale. The base </p><p>cost of tokens will depend on the popularity of the platform, and their holders will be able to </p><p>share the success of Jincor by getting permanent progressive income. </p><p>In the future, JCR tokens will be essential for the proper platform experience. Whereas </p><p>it is free for organizations to use the basic functionality of Jincor ecosystem, some features </p><p>will be available for a fee, which can be paid in JCR tokens only. These premium features </p><p>include: </p><p> Digital verification of companies; </p><p> Setting up enterprise and individual cryptocurrency accounts; </p><p> Getting access to a range of financial instruments, such as bills of credit, colls, </p><p>overdrafts, factoring and etc.; </p><p> Using a construction set for creating and execution of corporate smart contracts </p><p>(based on labour, property, contractual and other relations); </p><p> Appealing to a decentralized arbitration system for litigation within the digital </p><p>jurisdiction. </p><p>To sum up, JCR tokens will serve as a local digital currency, which can be used for </p><p>paying Jincor fees and mutual corporate payments, just like any other popular </p><p>cryptocurrency. </p><p>JCR tokens are developed on Ethereums blockchain and conform to the ERC20 Token </p><p>Standard. </p><p></p></li><li><p>8 </p><p>2.3. ICO structure </p><p>Jincor will issue a total of 35,000,000 JCR tokens, 76% of which will be put on sale at a </p><p>starting price of $0,5 during the ICO, which will start on November, 1st, and another 4% </p><p>during the pre-ICO, which will start on August, 21st, with a discount of 50% (at a price of $0,25). </p><p>The remaining 20% will be distributed among bug bounty participants, Escrow &amp; Advisors and </p><p>Jincor team for further development and research (fig.3 and 4). </p><p>Total emission: 35,000,000 JCR </p><p>Starting price: 1 JCR = $0.5 </p><p>Figure 3. Distribution structure </p><p>Figure 4. Discounts for early buyers </p><p>Cumulatively, Jincor is planning to raise $350,000 during pre-ICO and up to $13,300,000 </p><p>during ICO. Thus, the total amount of money we are planning to raise at the crowdsale comes </p><p>to $13,500,000 (fig. 5). </p></li><li><p>9 </p><p>Figure 5. ICO and pre-ICO estimates </p><p>JCR tokens sold during pre-ICO and ICO will be automatically sent to investors wallets </p><p>from which funds were received. </p><p>The total amount of tokens in circulation is unknown, because unsold tokens will be </p><p>destroyed after the crowdsale. </p><p>2.4. Roadmap </p><p>After ICO Jincor will continue developing the platform according to the step-by-step roadmap </p><p>(fig. 6) with the account of raised funds. </p><p>Figure 6. 2018 Jincor roadmap </p><p>Every milestone is based on the previous and hence the order. For instance, it is </p><p>impossible to integrate electronic document flow when Jincor clients are unable to </p><p>communicate with each other. Analogously, creation of cryptocurrency accounts for </p><p>organizations and their members is impossible without blockchain. These accounts, in turn, </p><p>are an integral part of payments and smart contracts. </p></li><li><p>10 </p><p>3. Jincor architecture </p><p>3.1. Overall structure </p><p>Jincor ecosystem is a combination of decentralized (dApp) and classic web applications </p><p>that let anyone create organizations and manage them on Ethereum's blockchain without any </p><p>technical insight. Jincor provides all the functionality that one might need while doing </p><p>business, including instruments for effective management, tools for improving online </p><p>presence, role management inside the organization, searching for new business partners and </p><p>connecting with them, intra- and intercorporate communications, bills in cryptocurrency, </p><p>payments, smart contracts. On top of that, third-party corporate applications can be </p><p>connected to the Jincor ecosystem in "single-screen mode". The structure of the </p><p>aforementioned functionality is best described in terms of modular architecture, which </p><p>includes the following elements: </p><p>Core a set of core smart contracts on Ethereum that set up infrastructure for other </p><p>modules. Its functions are: creation of smart contracts between different parties, such as </p><p>organizations or employees, creation of cryptocurrency accounts, creation of smart contracts </p><p>with JCR tokens and etc. </p><p>Auth open-source web microservice with JWT-based authentication. More on JWT: </p><p> We would like to note that Jincor doesnt use blockchain </p><p>technology for everything, some of our services are classic web applications. </p><p>Companies classic web application used in Jincor for providing basic features, such </p><p>as creating of new companies, editing their profiles, sending invitations to employees and </p><p>managing their roles within the organizations. It also enables processing of queries related to </p><p>the search of other companies at Jincor. </p><p>Messenger a highly scalable decentralized communication platform for inter- and </p><p>intracorporate communications based on Matrix protocol (more on Matrix: </p><p> Note that we use blockchain here only for identification purposes, but </p><p>never for message handling, as there is just no objective need for this. </p><p>E-Documents a decentralized module integrated with a user-friendly interface of </p><p>Jincor Messenger, which provides organizations and their participants with a structured </p><p>digital space for the paperwork management. With the help of this module, Jincor users are </p><p>able to share any working papers (delivery documents, bills, certificates and etc.) and sign </p><p>them with digital signatures while being confident in their safe-keeping and authenticity </p><p>thanks to the blockchain technology. </p><p>Cryptocurrency wallets a decentralized module which enables creating of enterprise </p><p>and individual cryptocurrency wallets. Alongside cryptocurrency transactions these wallets </p><p>open the door to a wide range of financial instruments used in business, such as bills of </p><p>credits, overdrafts, insurance of payments and etc. Companies are able to create multiple </p><p>cryptocurrency wallets for one account (e...</p></li></ul>