GANTI is a Global Asset reallocation Network for Ticket of Investment.
Back in the day, sealing a business deal with a firm handshake was commonplace. It was a symbolic act of trust and mutual understanding between two parties.
Way way back, bartering was first recorded in Egypt way back in 9000 B.C. Farmers would go to market to exchange cows for sheep, with grains passing through the hands of harvesters in exchange for oils.
However, times have changed, and with the advancement of technology, new methods of conducting business have emerged.
One such innovative approach is Ganti. GANTI is a Global reallocation Asset Network for Ticket of Investment.
With the advent of Ganti, a state-of-the-art platform developed by Enoram Labs Corp that enables the tokenization of real assets, comes the resurgence of the bartering system among individuals. By leveraging blockchain technology and Smart Legal Contracts, Ganti allows for the secure, efficient, and transparent distribution, transfer, exchange, or replacement of assets, such as property or profit sharing of business transactions. This revolutionary platform has the potential to transform the way assets are traded and managed, offering greater accessibility and flexibility to investors and market participants alike. As a result, the bartering system, which dates back to ancient times, may once again become a prevalent method of conducting business among individuals.
In another activity on our personal and business lives, we enter into multiple contractual agreements on a daily basis without even realizing it. These agreements can appear in a much more visible way. For example, think about the last time you bought a cup of coffee, made an investment (perhaps you bought some shares or crypto or bought a home), got a new job, or signed an agreement with a supplier. To put it into context, 60%-80% of business transactions are governed by contracts.
Contracts are usually negotiated through a long process, with multiple reviews and revisions until an agreement is reached. The final document is often lengthy and written in complex legal language, making it difficult to understand. Despite the use of technology tools to aid in contract creation, the end result is typically a PDF file that must be followed exactly as described.
Another innovation is the Smart Contract. While the concept of smart contracts is not new, having been coined by American computer scientist Nick Szabo in a 1994 article and expanded on in 1996, it has recently gained renewed attention.
Smart contracts have entered the spotlight as a key building block of decentralized applications, particularly with Ethereum. According to Ethereum's organization, a "smart contract" is simply a program that runs on the Ethereum blockchain. It consists of a collection of code (its functions) and data (its state) that resides at a specific address on the blockchain. The organization further explains that smart contracts are computer programs stored on the blockchain, which allow traditional contracts to be converted into digital counterparts.
Smart legal contracts (SLCs), also known as contracts 2.0, represent the next generation of legal agreements. However, while these terms are often used inaccurately and interchangeably, smart contracts and SLCs are not the same thing. There is no universally agreed-upon definition, and the terminology is evolving. For the purposes of this writing, we draw a distinction: SLCs are a type of smart contract, but with different characteristics than other smart contracts.