ETCH
About ETCH
Why Etch?
PAYMENT disputes are a common source of construction industry conflict. Disputes can have a ripple impact — increasing costs, delaying completion and reducing profits. Etch solves this problem with "smart contract" blockchain technology and IoT beacons. Etch provides a payment infrastructure that we believe will increase construction industry ef- ficiency, reduce conflicts and increase profits for participants. We begin with a brief discussion of the construction payment process. We then describe how Etch facilitates real-time employee payments based on presence at a job-site. We next describe an industry specific "stable coin" tied to escrowed fiat currency, which allows for real-time payments but minimizes crypto-currency exchange risk. We conclude with a discussion of future plans for performance based construction contract payments.
Features
Etch is a shared financial ledger for the construction industry.
By putting Etch transactions on the Ethereum blockchain, an immutable ledger of monetary flow is generated. Unlike the current model of payment which is opaque and difficult to understand, Etch transactions can be easily audited.
ETCH Roadmap
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April 2017
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Etch Whitepaper Published
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May 2017
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Development of Core Functionality Demonstrators
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June 2017
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Token Presale
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May 2017
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Implementation of Alpha Etch Platform
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September 2017
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First Pilot (4 people)
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October 2017
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ICO started
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December 2017
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Strategic Partner Pilot (3000 employees)
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Q1 2018
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Onboarding of additional companies as scale & infrastructure allows
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Q3 2018
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Launch in New York, USA
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Q4 2018
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Launch in Singapore
Activity
ETCH Team
Verified 0%
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