Drawer Technology: Smart contracts storage platform to secure investors' rights on the web3
Tags: drawer, plataform
Published: 2023-04-09 12:18:20

Drawer Technology: intelligent contract storage platform to ensure investors' rights in web3

On January 15th, 2023, a platform focused on storing intelligent contracts was launched with the aim of integrating DeFi and TradFi in one place. The proposal of Drawer Tecnologia is to revolutionize the use of contracts in the legal world and in the industry in general, as well as to conceive the possibility of a globalized futures market in blockchain for agribusiness with security and simplicity.

ExtractoDAO is a Decentralized Autonomous Organization (DAO) that is revolutionizing the blockchain industry by providing innovative solutions and cutting-edge technology. It allows for the decentralization of private property by the collective man, and its central idea is the administration of these private properties by the collective in a fractionalized way, reducing risks with the benefit of the correct application of intelligent contracts.

Drawer technology offers secure storage of intelligent contracts in web3. The user manages their private keys and can manage numerous intelligent contracts of different types according to the same idea of drawers in a law firm, but with extreme security. Drawer aims to store intelligent contracts that can be verified on the blockchain in their main functions, but hiding clauses that can remain confidential. The project founder, Joel Almeida, has explained on several occasions that the startup aims to allow startups, financial institutions, law firms, manufacturing industry, commodities, judiciary, governments, and many others to use this new patented technology to anticipate the imposition of the changes that web3 is aggressively imposing on all markets.

The focus of the ExtractoDAO team is on the massive use of intelligent contracts, combined with the possibility of regret clauses in compliance with the Consumer Protection Code (CDC) that can be implemented and executed efficiently in intelligent contracts. This is a game-changer that will positively impact the market. Another significant advantage of ExtractoDAO is the ability of each person to create their own native Stablecoin with a click, and no longer a central issuer like USDT, USDC, and BUSD that cannot have proof of backing for their issuances, although they are widely accepted in the market. The COW currency is the native currency of the ExtractoDAO DeFi ecosystem, which will be issued by the contract holder after the contract is burned, which can be done by the issuer himself whenever he wishes. It is 100% audited by the DAO and individually by the issuer, who is the buyer of the contract, and both he and all other people can verify this data on the blockchain.

Drawer technology has distinct applications for use in various products, services, tangible and intangible assets between two or more parties, in a secure and transparent manner, without the need for intermediaries or complex bureaucratic processes, such as the metaverse, games, software licenses, art industry, and others. ExtractoDAO is also able to easily integrate DeFi with TradFi, allowing users to interact with the platform more flexibly in different business sectors.

ExtractoDAO has a global patent for its technology, and its copyrights are guaranteed, minimizing risks for issuers who use the technology in their businesses. The team is composed of blockchain technology experts and experienced professionals in decentralized finance and business, committed to ensuring the success of the platform and providing robust solutions to positively impact the entire global industry. Joel Almeida states: "Ethereum was developed to tokenize the world, but the Drawer technology was created to ensure legal rights between parties in web3." Currently, many DeFi platforms are hacked, and funds disappear without explanation. For example, we have Luna and several other DeFi platforms, and no one takes responsibility for the losses. We understand that Buterin's idea as a developer in 2014 was not to provide legal security with the implementation of smart contracts, but only to present a new way to execute a contract.

The startup's business strategy includes expanding to new markets and strengthening partnerships with blockchain technology companies, fintechs, and opening opportunities for investors in the idea. They are also focused on improving their platform, with a strong emphasis on security, transparency, and auditability. ExtractoDAO is about to become a major player in the cryptocurrency industry.

The startup prefers to position itself as a venture capital investment for those interested in financing development, expansion plans, and the development of new products. The startup launched the Drawer pilot with the issuance of the Extracto@ contract for agriculture, in order to validate the idea globally and make a practical demonstration of the innovation. Today, we have a mature financial market in need of new technologies that work, facilitate the lives of investors, and democratize the market. Third-party fundraising, collective contract management, and financial management of third-party capital are not ExtractoDAO's business, says Joel Almeida. "ExtractoDAO is a globalized DeFi, so people from all over the world can issue their individual contract, just as they lock funds in various DeFi platforms around the world in a collective smart contract. In ExtractoDAO, in addition to this contract like in other DeFi platforms, it can deliver storage and an individual contract for each participant because only we have the Drawer," Joel Almeida concludes. ExtractoDAO will be present at Web Summit 2023, which is Europe's largest technology conference.



We understand that Buterin's idea as a developer in 2014 was not to present legal certainty with the implementation of smart contracts, but only present a new way of executing a contract.   https://www.youtube.com/watch?v=ooACTVJAX7k



Our social networks:
http://extractodao.com/
Email: contact@extractodao.com https://github.com/extractDAO https://discord.gg/pkcA59Ghr9 https://www.reddit.com/user/extractoDAO/ Telegram: T.me/extractodao Twitter. com/extractodao Instagram.com/extractodao
Join us and let's build a global community.