lohncontrol.com — Lohncontrol project will democratize industrial goods production.

by Catalin Iordache, blockchain concept manager at Lohncontrol

Lohn, as a model of economic activity, has more than six decades and will last as much as capitalism. The aim of capitalism is maximizing profit. The main means of achieving this goal is cost optimization and relocation of industrial goods production Emerging economies just this means: low labor costs and cheap basic raw materials. They produce cheaper in developing countries and they sell expensive in developed economies. Companies are supportive, because lohn production is predominantly the power of powerful firms.

Lohncontrol project, as developer of B2B platform lohncontract.com, will democratize industrial goods production by creating an ecosystem that will remove geographical, linguistic or economic barriers.

Blockchain brings innovation into creating this new business model by introducing the protocol of trusting through smart contract lohncontrol which guarantees by Proof of Tasks that all parts of a lohn contract will receive payment for the services provided at the time of performing the tasks. It brings exactly what has been lacking so far to the companies thousands of miles from each other to develop business together: TRUST.

The platform will facilitate direct contact between small and medium-sized businesses around the world, responsible for achieving 60% of Gross Domestic Product (GDP). Clients will benefit from such quality products at decent and very fast rates, as demanded by today’s consumption.

Small and medium-sized manufacturers in emerging countries will have an important tool to control the predictability of production. They will be able to practically plan future production by committing orders in time and more, because of the multitude of opportunities they can choose better prices for their services.

And the equitable sharing of profits between buyers and manufacturers will be the future of this economic model. A future offered by lohncontrol smart contract!

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