We have summarised the interaction between users, actors and contracts. Interacting with a smart-contract through raw transactions is not acceptable for most users. That’s why we believe we must make this market as user-friendly as possible.
Our vision provides its wallet file or plugs its hardware wallet (like a Ledger Nano S) and can start using the app. No matter if he is a buyer, a seller or a shareholder, it must be simple and easy to use. So the first thing to remove is the need to install a full Ethereum node or a full IPFS node.
To permit such a system to exist, we need to use public nodes and use web applications that can be executed only on client-side. MyEtherWallet is doing this. They use the wallet locally to transmit the signed transaction to a public node that relays it over the network. For IPFS, we can use a public node too.
This way a user can use the marketplace without needing to run a node, and can use it without uploading its wallet somewhere. Everything is happening locally and is broadcasted to the network when needed.
Furthermore, work is in progress on both the Ethereum and IPFS projects to enable bootstrapping a node directly from the browser. When this technology becomes available, we will be able to use it and connect directly from the browser without the need of a third-party public node.
Another aspect that we want to simplify is billing which can get complicated. To make it easier, the market will generate bills automatically after a transaction is made. Since the market stores all the transactions on the blockchain, we can directly use the blockchain data as the support to create a PDF document on the client side.
We have created some basic wireframes of the views of the market so you can imagine more clearly what it will look like.
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Is this the right company for you? Maybe ENET does not offer a very distinct service, that is a fact. The service offered by this company could be found in other hundreds of start-ups. That said, the company does seem solid and does show any red flag on their site, so it seems that this might be a safe bet to invest.
In the end, you will have to decide for yourself. The company does seem a bit generic, but at the same time, there does not seem to be any problem with investing in it to diversify your investments, but there are probably other choices that might be way more interesting for you.
If you want to invest in this company, go for it, but be aware that this might be a somewhat lackluster investment.
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