3.2 Chain Business Contract

According to the report of the World Economic Forum: By 2027, 10% of the global GDP will be stored through blockchain technology. Several governments have released reports on blockchain technology, and in the past two years alone, more than 500,000 blockchain technology publications have been published. Google search for blockchain turned up more than 3.7 million results. More notably, this technology sector can attract a huge sum of money.

The amount of venture capital invested in blockchain startups continues to climb, reaching $1 billion as early as 2017. The funds raised through ICOs that year have soared to more than $5 billion. In recent years, the soaring speed has increased by unknown times in the form of various IXOs.

However, aside from all kinds of publicity and hype, the real application of blockchain appears to be very scarce. The blockchain market has just begun to sprout, and there is no complete and clear business path. In this context, with the concept of decentralization, the Dreamer Finance chain business contract function opens the door to a whole new world for the commercial application of blockchain.

The chain business contract is a unique smart contract system built on DreamChain. Merchants (users) around the world can quickly register on DreamChain and generate their own payment addresses, set the smart contract commission rate and activate the chain business contract. Through these chain business contracts, merchants (users) can create their own blockchain consensus sales network in one step.

All DID users in the DID network consume at the merchants that activate the chain merchant contract, and the upward DID users in the DID network can obtain the merchant's contract commission according to certain rules.

Example 1: Assuming that Ais a merchant who has activated the chain merchant contract, she sets the commission rate for direct relationship to 10%, and the level is level one. Then if B buys A's products, then the upward straight line relationship DID users in B's DID network can get a 10% commission.

This design stimulates product promotion, because any user who wants to get a commission must share the seller's product information with its DID users under its DID network. This is equivalent to merchants easily having a large sales force on a global scale. All DID users can use the chain business contract to convert each DID user in the network into their own consumption capital.

Example 2: Merchant A has activated the chain business contract. She sets the agent commission rate to 15% and turns on the agent mode. B wants to get A's commission, so B becomes A's agent and promotes A's products to all DID users in his DID network. When any DID user in B's DID network consumes A's products, B will receive a 15% commission. In this way, all DID users in B's DID network can be regarded as B's consumption capital.

In the practical application of the chain business contract, various sales promotions can be carried out. This is a high degree of integration between blockchain technology and daily life. Consumers can use any token supported by the merchant and complete the consumption through the chain merchant contract.

Whether it's for fast food or medical bills, we can create a unique chain merchant contract to complete a series of related payments. Similarly, suppliers can also acquire a large number of consumers through Dreamer Finance's bidding advertising function in order to provide customers with more convenient services and experiences, and conduct simple commission settings for rapid promotion through the DID network.

Virtual products are also feasible. Consumers can directly buy or sell coupons and game items in the application that deploys the chain business contract. Regardless of the amount of consumption, each expenditure will be executed precisely in accordance with the contract, the supply and demand relationship and promotion methods are particularly clear. Various types of capital circulation will be completed in an efficient, flexible and convenient way.

Large shopping platforms can further develop and apply chain business contracts and incorporate them into the payment system of the shopping platform. When the new user completes the registration, the corresponding payment address of the chain business contract will be generated. Compared with traditional shopping platforms, this is a very subversive industry practice, because all its users are converted into marketing promotion power.

The chain business contract constitutes a decentralized business model of value sharing by introducing each DID user and their interpersonal relationships. Any merchant can set up commission distribution through the chain business contract in a decentralized manner, and rely on the trust relationship established in the blockchain to mobilize the promotion enthusiasm of each DID user. DID users share the sales commission obtained from the goods or services, helping merchants to obtain a steady stream of customers and promoting the sales of goods or services. High-quality products will receive greater promotion and product sales will be increased, which will also subvert the existing centralized business thinking. Every DID user can build his own business ecosystem and redraw the blueprint of a global business empire with decentralized thinking.