DUCATUR is a multichain oracles framework which is a readymade and self-sufficient multi-chain ecosystem that unites data sources and experts based on rating and provide a tool for high quality data exchanges and disputes resolutions.
PROS:
- Easy oracle creation: The platform works with several block chain networks including Ethereum, EOS and NEO enabling the businesses to creates oracles and dispute resolution mechanisms for different situations without paying high commissions
- Faster banking transactions: The uses of DUCATUR node enables the interaction participants to enter into agreements and upon meeting the node conditions, it instructs the banking system to commit transactions enhancing partners interactions and automatic payment of goods and services
- Qualitative and reliable data exchange: The platform enables businesses to create oracles for reliable data exchanges between interacting participants on the block chain hence increasing the trust of the received data
- Arbitration of the disputes: The platform enables the business to involve expert arbitrators to solve their disputes enabling them to make right decisions in case the business mistakes cannot be unified
- Market explorations: The platform use gives a good chance for the local companies and businesses to explore and find their place in the sun
- The platform enables the business to create a new form of organizations through decentralization where the management of financial flow through the management of smart contracts through the oracles
- The platform has a credible team with experience in developing and maintaining projects ever since 2007 with the guidance of the CEO Ivan Koshechev who has developed systems for different companies
CONS:
- The wrong choice of the oracles makes it difficult for the businesses to find correct data
- The platform DUCAT token exchangeability with major crypto currencies and fiat is not highlighted
- The platform token doesn’t provide more incentives to the holders within the platform by involving them in project decisions
SUGGESTIONS:
- The DUCAT token should be made exchangeable with the major crypto currencies and fiat to enable the users to easily pay for goods and services using their favorite currency
- The platform token use should empower the holders by giving them more legal rights in the platform
NOTE:
The platform is very vital as it creates multichain oracles which enable high quality data exchange with faster dispute resolution and exposing the small business to the large market capitalization motivating me to invest in it.