Pratiwi Kusumaningtyas: SMILO PLATFORM - THE HYBRID BLOCKCHAIN PLATFORM WITH A CONSCIENCE

Individuals have become the moral gatekeepers in society, largely thanks to the global access of information, and a societal shift towards accountability and transparency. With this movement, individuals have started to shift the balance of influence in their favour, and away from businesses, governments, and non-profit organisations. The challenge for these entities is thus to adapt and facilitate this increasingly demanding public in terms of speed of delivery, level of integration, sustainability, privacy, and security. In light of these developments, we identified the need for a hybrid blockchain platform that provided these public entities the right tools to reaffirm their relationship with its stakeholders, warranting transparency whilst protecting the individual’s data.

The Smilo platform is a decentralised hybrid blockchain platform – ‘hybrid’ meaning both public and private. This platform is the first of its kind to support the combination of hybrid transactions, -smart contracts, and -decentralised applications.

Smilo's intent is to use the blockchain to create an alternative protocol for decentralised applications. Smilo's unique strength derives from the combination of multiple features:

Hybrid smart contracts
Hybrid decentralised applications
Hybrid transactions
Transparency
Privacy and anonymity
Connection to real life applications

HYBRID

Smilo facilitates hybrid transactions, hybrid smart contracts and hybrid decentralised applications — with ‘hybrid’ referring to both public and private.

SUSTAINABLE

Smilo is an eco-friendly blockchain platform through our advanced Smilo BFT+ protocol

SCALABLE & FAST

Over 100 times faster than Ethereum and other platforms by our unique Smilo Network protocol and Smilo BFT+ consensus

DECENTRALISED

Fully decentralized and open network available to everyone

AFFORDABLE

Smilo transactions require a fragment of other transaction fees.

ETHEREUM COMPATIBLE

100% Solidity and web3.js compatibility, allowing easy and fast adoption

Smilo is a unique full-featured hybrid blockchain platform that will be able to facilitate hybrid transactions, hybrid smart contracts and hybrid decentralised applications — with ‘hybrid’ referring to both public and private. As such, Smilo will safeguard the privacy of any individual's data whilst warranting full transparency from the organisations that these individuals interact with.

Smilo is based on the unique and self-made Smilo BFT+ consensus protocol. This consensus algorithm combined with the exclusive Smilo Network Protocol (SNP) ensures secure, scalable, quick, and sustainable transactions. Considering these features, we call Smilo our hybrid blockchain platform with a conscience.

HOW DOES IT WORK

OUR VISION

Our vision is to facilitate a culture of transparency by making collective data irreversible and publicly available, whilst protecting personal data.

This will significantly limit the chance of corruption whilst simultaneously acknowledging the need to protect the individual’s data. A decline of middle men will occur due to the irreversible nature of Smilo’s user-friendly hybrid smart contracts.

The combination of public and private transactions on one blockchain platform, based on the Smilo Network Protocol in combination with the Smilo BFT+ consensus mechanism, defines Smilo as a hybrid blockchain platform with a conscience.

OUR MISSION

Our mission is to create an environment in which the consumer's need for privacy and security will be aligned with the processes of governments, NGOs, financial institutions and corporations. This will be accomplished by warranting full accountability and transparency from corporations, whilst safeguarding the consumer’s needs.

This environment will be hosted on Smilo’s decentralised, secure, fast, and sustainable hybrid blockchain platform. Not to mention, Smilo will make their source code publicly available, meaning that future blockchains, organisations and their applications can apply it to their specific needs.

The Smilo Platform will develop a significant and varied user base with a large amount of transactions, which requires a solid platform that can guarantee sufficient scalability, speed, security and low transaction costs, all executed in a sustainable way. That is why we have developed the Smilo platform the way we have.

Token distribution

The goal of the ICO is to raise USD$18 million by selling 84 million Smilo tokens – 42% of the total amount of Smilo tokens. 16 million Smilo tokens will be distributed to the community in the form of bounties. Of the remaining 100 million Smilo tokens 72 will be released after the launch of the Smilo Mainnet through an inversely proportional relationship. This process will provide a virtually endless supply of income to keep the Smilo network operating on the highest standards, while slowly distributing tokens on the market. The last 28 million tokens are distributed to the team and partners of Smilo platform.