FAQ

General Questions


What Does Blockcerts Stand for And What Is It?

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.

What Do BCERTS Represent?

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.

What is a Value Node “VNODE” that makes up a BCERTs Token?

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.

Where Can I Find Your Whitepaper?

Register for the Blockchain Buzz 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.

What is the BCERT Contract Address?

The BCERT smart contract address: 0x20d111bbe10e15dcfa3153d5785b5e113c00fa88.

How Can a Publisher Apply to Become Part of BCERT Platform?

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.

How Can an App Developer Create an App to Add to the BCERT Ecosystem?

Register under App Developer and we’ll share more information there.

Why Is A Smart Contract Important to A Business?

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.

How Does the BCERT Token Work?

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.

What Does Token Regeneration Mean?

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.

What is “INK” and How is It Calculated?

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.

BCERTs Wallet & Token


Where Will BCERTS Be Used?

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 BCERTs 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.

  • Register an account
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  • Go to the Themes section and upload your theme
  • The next step is the approval step, which usually takes about 72 hours.
Are BCERTS Transferrable and Where Do I Sell Them?

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.

How Do I View BCERT Tokens in My Wallet?

You can view BCERT token balance in your non-hosted Ethereum wallet that supports ERC20 tokens by watching the BCERT contract.

  • BCERT Smart Contract address: ##################
  • Number of Digits: 18
  • Symbol: BCERT
Which Wallets Can Be Used to Store BCERT Tokens?

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.

What Cryptocurrencies Are Represented During the Sale?

Ethereum (ETH) or BitCoin (BTC)

What Are Some Names of Service Providers and Publishers That Have Signed Up with BCERT CORE And Our Affiliated Platforms?

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.

What Do You Accept To Purchase More Tokens?

Ethereum (ETH) or BitCoin (BTC), Rupees, US Dollar, Mastercard, Visa

How Do I Buy Tokens?

1. Click on Pricing to Order your first BCERTin application with the token program needed for your business.

2. In Your BCERTin Wallet you’ll be able to purchase additional tokens.

How Many Tokens Do I Need for My Business?

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.

What is the timeline for ID verification?

ID verification should be completed within 12 to 24 hours provided all required information was completed. Please contact support after 24 hours.

What is the timeline for transaction to be completed?

Immediate to 2 hours. Please, contact support after maximum timeline

What are Public and private keys?

Public keys are publicly displayed and essential for identification. Private keys are secret and used for authentication and encryption

Do I have any restrictions while ID verification is pending?

There are no restrictions. You can perform all transactions on wallet

How many wallets can I create within an account?

User can create multiple wallets within an account

Do I need to purchase token to complete ID verification process?

Yes. 50,000INK equivalent of 0.5BCERT token is required for completing ID verification process

How do I navigate back into wallet after IDCertin process?

Return and refresh open wallet application after completing ID verification process

Is there a mobile BCERTin wallet application?

Currently, there is no mobile application for the wallet

I lost my private key, how do I get my token?

Please contact support

Do I need to download MetaMask Wallet from Uniswap?

No, this is not required.

Does BCERTin Wallet hold other tokens?

No. Currently, this wallet only holds BCERTs tokens

Do you need to own BCERT token to get a wallet?

Yes. Minimum of 1 token is required

Can I transfer tokens to other wallets outside of BCERTin wallet?

No. This feature is currently not available

Can I buy BCERT with other crypto?

Yes. User can purchase BCERT with BTC and ETH

How do I top off INK?

User can top up by buying INK with BCERT

1 BCERT Token gets me how much INK?

1 BCERTs is equivalent to 100,000 INK

What are the valid payment methods for buying tokens?

Bitcoin, Ethereum, Credit Card and Bank Transfer

What is the cost of a token?

The cost of BCERT token is $11

Can I buy/transfer partial token?

Partial token cannot be purchased

What is the referral program?

The referral program incentivizes current users for recommending products to family and friends

How can I retrieve a deleted wallet?

Please contact support

How do I get wallet details using QR code?

User can extract information from QR code by scanning it with a QR code reader

How do I switch instance?

Click on the current instance then choose desired instance from drop down menu

BCERT Wallet - Switch Instance

I transferred X amount of tokens to my friend's public key, and he/she has still not received them, but it has been taken out of my wallet?

Please contact support

Token Distribution


What Is the Distribution of Tokens?

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:

What Is the Value of BCERTS to be Sold? Will There Be a Follow-on Sale?

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.

How Does BCERTS Deal with Identity Fraud?

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


What is a Smart Contract?

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.

How Does a Smart Contract Work for My Business?

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:

  • Healthcare
  • Agriculture
  • Music
  • Real Estate
  • Mortgage
  • Cannabis
  • Entertainment
  • Construction

Although, it is only a matter of time before the blockchain touches every industry out there!

How Do I Send a Contract to Another Person? What’s the Process?

Just follow the instructions in your BCERTin app. If you have further questions just hit our Chat feature.

Will Others Need to Buy the App or Can I Send via Email to Connect?

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.

How is Your Smart Contract Different Than Ethereum?

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.

DeFi Token Launch


How is value created for Token Appreciation?

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”.

How do I store my BCERT Tokens?

BCERT Tokens are stored in your BCERTin 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 BCERT Wallet.

What exchange will BCERT tokens be listed on??

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.

Can I get a discount if purchasing more tokens?

For a limited time, BCERT Tokens can be purchased at a discount prior to the DeFi. Refer to the DeFi Pricing for specific details.

What is the benefit of the Pre-DeFi?

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!

Accredited Investors of Blockcerts.com


How can I invest in Blockcerts.com?

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.

BLOCKCERT’S PRODUCTS


BLOCKCERTS BLOCKCHAIN: What is an Ethereum based blockchain?

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.

Is BlockCerts software accessing a third party blockchain?

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.

Does each business or brand get its own blockchain, or is it shared by all entities in all categories?

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.

PRIVACY ISSUES


Can someone access the blockchain and see what a particular person owns?

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:

BlockCERTs Blockchain

This transaction can only be “viewed” or used, in human readable form, by the private key holder.

Does the ownership require the owner has access to the NFT key?

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.

Will the brands be able to track the NFT post-sale?

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.

Can a consumer (owner) remain anonymous?

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.

 

 

 

 

DIGITAL WALLET


How does a consumer obtain the wallet?

A BCERTin 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 BCERTin Wallets on a device, with a perpetually generating unique code, and a second device, all have to be in sync to access the wallet.

Are BlockCerts Wallet and APPs available on APP stores?

BlockCerts BCERTin 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.

SECONDARY MARKET


Is there an SEC issue with smart contracts and the original seller profiting from subsequent sales?

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.

We have heard that these transactions are being viewed as financial instruments and that the entity facilitating these transactions (i.e. BlockCerts) would need to possess banking credentials to do this legally. Is this something that has come across your radar?

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

BlockCERTs Blockchain

BlockCERTs Blockchain

Live Blockcerts Team

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