FAQ
Blockchain Certifications Token. It is a utility token, currently based on Ethereum blockchain (but can be linked to any other public blockchain), that is used as a unit of account in any type of transaction between buyers, sellers, and service providers in a blockchain-based cloud tool CORE and smart contract services platform. The token is not a digital currency, security or a commodity.
The utility tokens are intended for use on the BCERTs CORE platform, a Blockchain-based digital business, transaction and services cloud platform. Ownership of the tokens carry no rights other than the right to use them as a means to operate a business on the CORE, engage in smart contract transactions and obtain services on the BCERTs CORE platform, and to enable usage of and interaction with the platform, if successfully completed and deployed. The tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the BCERTs CORE cloud platform, and/or BlockCerts and its affiliates. The tokens are not refundable and are not intended to be a digital currency, security, commodity or any other kind of financial instrument. Additional information regarding the utility of BCERTs is available in the terms and conditions.
VNODEs are transaction sub-units included in a BCERTs token. There are 100 VNODEs per BCERTs Token. These are like markers that determine the critical points in a smart contract transaction, where a certification, or transfer, connection, or other marker, is required. VNODES are like “initials” on a physical contract, which mark, with certainty, any particular elements inside the entire transaction confirmed and attested by a BCERTs Token. The BCERTs token remains open until all 100 VNODEs are used, where it is then locked. However, it may still be transferred, or “chained” to other BCERTs tokens, to keep a flow of streamed transactions connected.
Register here and we’ll send the whitepaper to you. The whitepaper isn’t as relevant anymore since we have full scale products today. While others have a whitepaper strategy, BlockCerts has moved beyond the whitepaper to real solutions.
The BCERT smart contract address: 0xBb1f919e70EcC55335548d76F5c15a9DC8f5808E
If you are an APP publisher or developer, interested in joining the BCERTS platform on BlockCerts, the best way to get started is to fill out the “Contact Us” form and specify that you have an interest in becoming a Publisher.
Register under App Developer and we’ll share more information there.
BCERT may be used to streamline the most complex of transactions. With utility built into the entire process, our smart contracts allow multiple participants and automated actions on a single platform, removing hidden fees in intermediary costs and wasted time in back and forth follow-up.
The BCERT token is attached to a smart contract on a blockchain-based transaction streaming platform. The platform includes a decentralized platform for user validation, a public blockchain used for transactions, and a Central Smart Registry Ledger ‘CSR’ to ensure privacy of information. Combined, the BCERT platform allows users to distribute money, value or property, once terms have been communicated and agreed upon by all parties involved. Once all members have been verified, terms, actions, and regulations flow to assure the compliance of each party, automating trust and certainty in each step along the way.
The utility economy of BCERTS Tokens creates a never-ending process of re-minting as contracts proceed through to completion – always returning value to the ecosystem.
There are 100 nodes in each Token. Each token has enough compute power for NDA’s and simple contracts. When additional compute power is needed, “INK” is the solution. Ink is calculated at a fractional rate. See calculator for INK calculations.
We are building the BCERTs Tokens platform to integrate the BCERTs CORE business cloud (see below), the BCERTs Central Smart Registry “CSR” ledger system, as well as a BlockCertsAI wallet and related blockchain-authenticated functionality. The utility token is for streaming transactions and obtaining services, authenticating users’ identities, and affecting compliance and regulatory based processes on the platform. The token will be used, for example, in managing identity for Know Your Client (KYC) and Anti-Money Laundering (AML) on-boarding, tracking transaction terms, providing compliance-based tracing and processes, validating documents and user applications for loans, mortgages, prescriptions and other highly regulated, compliance based, transactions. The token may also be used to acquire integration services through private posts to authentication services, to transfer services, and to confirm third party Applications (APPs), posted on the BCERTs APP store.
Given the software development kit, API and open development modules we publish for the platform and projects, we also envision that as we develop the BCERTs protocol, third-party developers may come up with new and novel uses for the tokens, its functions and new integrations.
BCERTs are utility tokens meant for use in the BCERTs CORE platform. They are transferable. There is no restriction on the token being traded on exchanges, at the token- holders discretion. There are many exchanges, listed here, however, we have not encouraged or facilitated any exchange trading in any way.
You can view BCERT token balance in your non-hosted Ethereum wallet that supports ERC20 tokens by watching the BCERT contract.
BCERT meets ERC20 token protocol, and can be stored in ERC20 compatible wallets. BCERT Tokens can be stored in the BCERT Wallet, or external wallets. We do not recommend a particular product.
Ethereum (ETH) or BitCoin (BTC)
BCERTS affiliate and primary sponsor, Finaeos.com has already created partnerships with Microsoft Azure and Oracle Cloud. APP publishers such as Artificial Intelligence “AI” innovator, IPSoft, accreditation developer and fintech API provider (Envest / Yodlee – pending), Oracle Apiary have provided API integration and APP publishing on the BCERT CORE and FintechStore.com. Other large name publishers are working to become part of the platform, and will be added upon completion of requirements.
Ethereum (ETH) or BitCoin (BTC), Rupees, US Dollar, Mastercard, Visa
1. Click on Pricing to Order your first BCERTin application with the token program needed for your business.
2. In Your BlockCertsAI Wallet you’ll be able to purchase additional tokens.
The 500 Token plan is a great starter plan for most small businesses. If you have more than 3 employees or more than a couple hundred customers, you’ll want to move-up to the next token level. One great advantage of tokens is that if you aren’t using them, you will have the opportunity to rent them or let them appreciate in value with market increases they become an appreciating asset.
ID verification should be completed within 12 to 24 hours provided all required information was completed. Please contact support after 24 hours.
Immediate to 2 hours. Please, contact support after maximum timeline
Public keys are publicly displayed and essential for identification. Private keys are secret and used for authentication and encryption
There are no restrictions. You can perform all transactions on wallet
User can create multiple wallets within an account
Yes. 50,000INK equivalent of 0.5BCERT token is required for completing ID verification process
Return and refresh open wallet application after completing ID verification process
Currently, there is no mobile application for the wallet
Please contact support
No, this is not required.
No. Currently, this wallet only holds BCERTs tokens
Yes. Minimum of 1 token is required
No. This feature is currently not available
Yes. User can purchase BCERT with BTC and ETH
User can top up by buying INK with BCERT
1 BCERTs is equivalent to 100,000 INK
Bitcoin, Ethereum, Credit Card and Bank Transfer
The cost of BCERT token is $11
Partial token cannot be purchased
The referral program incentivizes current users for recommending products to family and friends
Please contact support
User can extract information from QR code by scanning it with a QR code reader
Click on the current instance then choose desired instance from drop down menu
Please contact support
One and a half billion BCERT will be sold. In addition to the tokens sold, we have created a development team pool of 300 million tokens. Finally, we created a user growth pool (UGP) of 300 million BCERT. To learn more about the UGP, please find more information below:
We will sell the equivalent of 1.5 billion tokens, at a market value to be set against the daily moving average of ET : BTC. There is no plan, at this time, to have a follow-on BCERT sale.
Will there be a pre-sale?
There will be private pre-sale of BCERT Tokens, up to 200 million, that will have a floating discount of twenty-five (25%) at the time of the sale, versus the price at the official launch. The presale will close when a maximum of 200 million BCERT tokens are sold.
We’ve covered the problems with identity fraud in the existing digital business model. The token verifies user accounts with external factors, such as ID, external authentication sources and third-party transactions, creating a digital identity signature within the BCERT Token for each user. The VNODE Metrics (VNODE) system reduces fraud entry points, and tracks smart contract action points. The BCERT will be auditable against the open source blockchain ledger, with transaction engagement verified using Zero-Knowledge Proof (ZKP) protocols.
Smart Contracts invite multiple participants to exchange value on the blockchain, without the interference and the added cost of the middleman, such as a bank or other entity. Users may collaborate contract details, view actions, and capture all of the lost hours spent on follow-up emails and phone calls. With its automated sequence, Smart Contracts compel action steps, notifying authorized users when follow-through is required on contractual commitments. Generate automated payments and stay right on track. Collaborate with others on the dashboard, store and share files, conduct personal or business transactions, save money, and ensure private instant messaging communication—it’s all at your fingertips.
Providing an all-in-one communication platform where files can be attached and shared among the team, Smart Contracts increase engagement with clients and partners. It is a game changer for businesses, big and small, automating activities in an efficient, conflict-free and secure ecosystem. Current clients include use cases for enterprises providing supply-chain management, smart contracts, reporting, file storage, file sharing, C.R.M. and communications. This includes:
Although, it is only a matter of time before the blockchain touches every industry out there!
Just follow the instructions in your BCERTin app. If you have further questions just hit our Chat feature.
You can use one of your tokens to provide a BCERTin app to another individual, or you can invite a person to connect via the web to sign a contract using one of your tokens.
differentiator is an out-of-the-box solution called BCERTin. BCERTin is the world’s first Blockchain App for Consumers and Businesses. It is available in both Smartphone App and desktop, bringing accessibility and consumer adaption to Smart Contract and blockchain solutions.
Because the BCERT token will be used for Use Cases, Private Label of BCERTin, BCERTin app, and tailored applications to access the BlockCerts Blockchain, a demand will be created for the BCERT Token. Because there is a limited number of BCERT Tokens, a supply and demand is created like other assets of “value”.
BCERT Tokens are stored in your BlockCertsAI Wallet.
How Can I trade or sell my BCERT Tokens?
Once the DeFi is completed and the BCERT Token is listed on an exchange, a token can be sold right from the BlockCertsAI Wallet.
BlockCerts is reviewing exchanges and the decision will be a part of the overall DeFi process that the company is currently working through with a law firm to set-up this full process.
For a limited time, BCERT Tokens can be purchased at a discount prior to the DeFi. Refer to the DeFi Pricing for specific details.
In Pre-DeFi, you’ll be one of the early adopters to be able to change your business, use the BCERTin app as well as to receive an early discounted token program. You may kick yourself in the future if you’re not able to get in early!
BlockCerts has a North American Agreement through Credence Code to provide an investor PPM program to purchase tokens at a deep discount. For more information please register on-line and request the latest investor deck. We’ll send you more information on how to get in on this fantastic opportunity.
Think of Ethereum like any Operating System (DOS [Microsoft], MacOSa [Apple], Linux [IBM] are the most common). There are various blockchains, mainly they are constructed to work like an operating system for distributed computing (meaning they create a ledger, that is distributed through nodes (computers) that run the blockchain).
Ethereum is one type of blockchain, second only to BitCoin (which is another type of blockchain). BlockCerts is Ethereum based, meaning, we use Ethereum as the underlying blockchain operating system. Much like the applications like MS-Windows from Microsoft and MacOS, with the apps from Apple, BlockCerts has created our own operating system – that follows the same operating blockchain model as Ethereum.
BlockCerts Blockchain is its own blockchain. BlockCerts started its journey of development a year after Ethereum was launched. It is not a “third party” blockchain. BlockCerts is a unique blockchain with functions and features that don’t exist on Ethereum or elsewhere. However, all BlockCerts programing is done so it is easily managed by programmers that are skilled in Ethereum, Microsoft, Apple and other common technologies.
BlockCerts is it’s own fully independent blockchain with unique functions, services and protocols.
Every business (or brand) on blockchain means, every entity and brand, business, even person is unique and gets its own block they control on the blockchain. How “big” (the number of blocks) of a business, brand, entity or even person are, depends on number of transactions and scope of their work on the BlockCerts Blockchain. Blockchains operate on Nodes (which are like virtual computers) that are distributed across cloud computer. A Node can even reside on a desktop, laptop or mobile device.
Based on your use case, a BlockCerts Blockchain Node can be run anywhere, can store and encrypt any volume of highly private data and information. Any Node can connect to another Node “peer to peer” across BlockCerts Blockchain Nodes through encryption keys – called Public/Private Key Pairs. BlockCerts can even go “cross-chain” to reach out from BlockCerts to other Ethereum based blockchain services.
So, when we say at BlockCerts, “Every Business on Blockchain” – this is a unique aspect of BlockCerts Blockchain. Through BlockCerts every brand or company is enabled to instantly create their unique NFT (Non-Fungible Token) that identifies and protects the brand, and what that Company (or Brand) and what makes it up. This means all of its unique processes, IP and proprietary assets associated with the company, are it’s unique ownership. This provides a level of proof of authenticity, ownership, security and tracking never before possible through the power of blockchain technology.
No person or entity can access private records without the private/public key pair on blockchain. In order to “view” on BlockCerts, the original owner of a Private Key must allow access. Since this is the case, data is completely controlled by its owner.
The only thing a user can see are encrypted blocks, that look like this:
This transaction can only be “viewed” or used, in human readable form, by the private key holder.
Yes. A private key unlocks the NFT “Non-Fungible Token” , which means that it is uniquely proven, held and controlled by the private key holder.
This private key can not be replicated. An NFT cannot be imitated or replicated, or replaced by something else that is the same, or even similar.
Because of the unique characteristics of a one-of-a-kind private key, the unique aspects coded into the NFT, it is provable that it is authentic. These factors make each NFT, one-of-a-kind.
One of the powerful features of blockchain technology, beyond encryption and proof of authentic information, is the ability to “connect” and “follow” the entire chain of events. This is because, once a genesis block is created, it is linked, cryptographically, to the next block in the tree. Thus, the BlockCerts NFT tracking is unique in that it uses the power of the blockchain tree to track, while keeping everything private to the holder of the private key.
Anonymity is a key factor that creates a major advantage (and also a challenge) with blockchain technology. In fact, this was the first reason that BitCoin originally was associated with illegal activity and money laundering. BlockCerts recognized early on the advantage of authenticity and anonymity – while maintain legitimate transactions.
BlockCerts unique protocol is called Proof of Authentication, meaning, the encrypted block (anonymous cryptographic public key) has been previously authenticated. So, in this way a consumer or individual that creates a transaction, can be both proven to be legitimate (solving Identity theft and other issues), as well as remain private and anonymous (no one knows who the public key belongs to) – a significant advantage in maintaining both the need for authenticity as well as privacy simultaneously.
A BlockCertsAI Wallet by BlockCerts is a simple download for desktop. BlockCerts deploys what is known as 2FA “Two Factor Authentication” - meaning users can download the wallet for desktop, and also for mobile through Google and Apple stores.
2FA offers maximum protection, by ensuring both BlockCertsAI Wallets on a device, with a perpetually generating unique code, and a second device, all have to be in sync to access the wallet.
BlockCerts BlockCertsAI Wallet and APPs have been approved and published to all major APP stores and comply with the requirements of each platform.
Would the NFT be assigned even if the consumer passively takes no action or proactively opts out?
An NFT is created for a product, brand, business at the time of creation. The users must download and create a wallet, to hold their NFT, and to buy and sell. If a user at any time wishes to “opt-out” they simply can pass on their private key, or even destroy it (however if there is value that is very unlikely).
There is a term called “burning” in the blockchain industry, where NFTs and Tokens can be taken out of existence, only by the owner. In this way an NFT could be removed permanently by the private key owner.
While guidelines from the SEC are sparse, there are “no action” letters that have been issued. Essentially the SEC states that if a Token, an NFT, is a utility or an asset, is operating in its native network it is not a security. It is an asset, much like a car, a house, or a software license. These are assets that can be bought and sold, or resold, without being considered a security. They have “utility” value and are therefore assets that can change hands.
BlockCerts is a registered digital financial provider with FinTrack, the Government of Canada. When there is a financial transaction, that requires an exchange for funds, BlockCerts has a branch and APP called PayCERTin that handles these types of transactions.
You can search and find BlockCerts registration online here
