About Petsource

Petsource.ico enables secure, fast and transparent exchange and usage of data related to pets’ lives, movements, and ownership. It introduces the use of blockchain technology to create a universal database for pets to store several records and maintain a single version of the pet’s true data starting from the ID stored in the transponder chip or written in the tattoo. With PetSource the identification and registration of pets all over the world will become easier than ever before, making a real traceability of pets possible and creating an easy way to reconnect lost Pets with their owners.Petsource.ico will enable different pets’ healthcare agents such as veterinarians, animal clinics, laboratories, universities, research institutes, pharmacists, pets related industries, insurers and other agents to request permission to access and interact with the PetSource records.

Each interaction is auditable, transparent, and secure, and will be recorded as a transaction on the          Petsource.ico distributed ledger. The company network offers furthermore a marketplace where producers of pet’s care products and pet owners will meet and engage, bringing them together for the first time into one crypto-based ecosystem. As a development project, after the successful launch of PetSource, a company will launch the AnimalSource project, that will extend the platform platform to livestock animals, for identification, traceability, and tracking of animals, for enhancing human security, control disease and improve livestock marketing.

Token Basic Information

Petsource.io will be the first global decentralized pet care products marketplace where consumers will buy products directly from manufacturers, enjoying low transparent prices for a wide range of high-quality products and foods, and saving with direct promotions. Within platform Decentralized Marketplace manufacturers will compete for consumers and interact with them directly. Petsource.io will enable consumers to buy high-quality products at cheaper prices, receiving direct rewards from manufacturers, thus driving consumers to buy more pet products online with convenience.

Petsource Wallet Applications

Pet’s Identification: Company allows pets’ owners to create or update their pets’ basic information using the PetSource Wallet web app or a mobile app.

Multi-level Permissioned Access to PetSource data: The company provides the user with full access and control of their data and how this data is shared. The user will have the functionality of providing different access levels to different users. The user will be able to fully control who accesses their data and which information they access.

Pet Passport: PetSource can provide the necessary data requested by countries for international travels with pets such as pet’s identity, pet’s ownership, contact details of pet’s owners, pet’s vaccinations etc.

Information for breeders: PetSource can be used by breeders for recording pedigree and other important
information about the genealogy of the pet.

PetSource (PTS) Token Ecosystem

Technology

A PTS Token, an ERC20 utility token, will be issued to create a “pet-centric” ecosystem consisting in a data platform built on top of Ethereum blockchain and a global marketplace based on the Ethereum blockchain and smart contracts for trading goods and items for pets. The ERC20 protocol is based on Ethereum, a technical and market standard, which defines an interface for smart contracts that need to execute token emission.Using dedicated token (PTS) to facilitate transactions in the Petsource.io Ecosystem provides many advantages, including:

• it can be used across any number of jurisdictions, retaining a single uniform method of settlement;
• using a blockchain based token makes it possible to perform settlements automatically and irrefutably within        smart contracts;
• it makes it possible to manage incentives in a way that drives Ecosystem effects for the benefit of all                     participants in the PetSource Ecosystem.

Tokens use

According to the PetSource project purposes, PTS Tokens will be used for:

• payment of verified Vet for verification and storing data on Petsource.io blockchain. New data points entered     into the PetSource platform blockchain by verified vets generate a certain amount of tokens from the mining   token pool. It is expected this will help to kickstart the Petsource.io platform and to fill needed data at the            beginning.Once the data is added and verified by vet 50% of mined tokens go to the vet and 50% of tokens go to the pet owner;
• payment of goods in PetSource Marketplace, with 5% token back benefit;

Also check – Fanfare Ico Review: The World’s First Blockchain-Powered Social Commerce Community

Team

Members	ANDREA PINZAUTI  CEO RICHARD ZONI Business Development Manager PAOLO TASCA Advisor MARCO SALA Advisor THOMAS CONTIN Advisor LUKAS KAIRYS Blockchain & Smart Contracts Tech Lead RONALDAS BUDRYS CTO FEDERICO SCORZA Advisor – Veterinary Surgeon ANDRIUS MILINAVICIUS Community manager

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This article is writing in 4 May, 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282

Disclaimer:

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