Blockchain is a system of recording information in a way that makes it almost impossible to change, hack, or cheat the system.

This technology is popularized and widely used by cryptocurrencies, but they are not the same thing. Cryptocurrencies use blockchains to track payment rails, but the purpose of blockchain technology is not exclusively only for cryptocurrencies.

On Venopi, we use blockchain technology to secure our transactions by validating every transaction using smart contract and to store unique and non-interchangeable unit of data for your NFT.

Benefits

Increase trust, security, transparency and the traceability of data shared across your network. You can see in real time what's happening to your transaction or money and how they are being distributed across your network (friends, suppliers, any third-parties, etc).

Background

Anyone who has organised or is involved in the process of making any events a reality can tell you that it is not simple.

To get the best vendor, you need to send multiple leads from various sources (Search engines, Instagram, Facebook, recommendations, etc) to know their prices, availabilities, specialities so you can justify which one is finest for your requirements. And this only to find one vendor right? Imagine when you are organising an event that requires a florist, a DJ, an event decorator/stylist, a venue... You soon realise the headache because the problem multiples for every event vendor you add to the equation.

Venopi exists to solve all the hurdles that happen before, during, and after events.

Payment complexity

Payment is one of the most complex issues during this process. How trustworthy is this account? When to transfer to whom? or what amount to whom and when? Is it first, second, or third instalment? when's the deadline?

These questions are complicated for humans, but not for machine learning algorithms. Therefore Venopi wants to solve this by creating our cryptocurrency.

Venopi Coin

Venopi is a decentralized, open-source blockchain with smart contract functionality. Venopi coin will be the first cryptocurrency dedicated for event related purposes.

Benefits

Enhancing data security.
Cutting down transaction costs.
Preventing frauds.
Improving efficiency.
Providing transparency.
Executing Smart Contracts.