Consulting Contract between Sterling Consolidated Corp. and UpGrade Digital, Inc. d/b/a BlockChain Driven
Exhibit 10.1
33 west 19th street
4th Floor
New York, NY 10011
(212) 858-9010
Sterling Consolidated Corp Cryptocurrency Deep Dive Roadmap (DDRM)
DDRM is designed to identify new trends, directions and changes that can disrupt existing ecosystems of the o-ring industry. It will identify possible applications, public or private structure, hash functions, node-to-node transactions, consensus mechanisms and protocols, the core technology of development, various scaling elements and other factors that involve blockchain design and future mapping. We will create a high level roadmap for tech integration, identify and augment out token utility, identify best technology for the POC (proof of concept) and outline Cryptocurrency steps.
WHO WE ARE | |
Our mission | |
The team | |
PRODUCT & PROCESS | |
Project Process | |
Weekly Meetings | |
DEEP DIVE TIMELINE | |
Week 1 | |
Week 2 | |
Week 3 | |
RESOURCES |
Glossary of terms
At BlockchainDriven, you will be guided by various experts in different blockchain verticals. Here is a list of terms you will encounter, and knowledge of them will help you navigate the blockchain ecosystem.
Consensus Mechanism
A method to authenticate and validate a set of values or a transaction without the need to trust or rely on a centralized authority; can be constructed on and off a blockchain; a variety of approaches exist
Consensus Protocols
Algorithms for building consensus based on requirements like performance, scalability, consistency, data capacity, governance, security, and failure redundancy.
Hash Functions
An application programming interface creates, through a process called hashing, a unique key or digital fingerprint for each file
Node
Members or systems of a consensus network; a server that holds a replicated copy of the ledger; can have varying roles: to issue, verify, receive, inform, etc. For all intents and purposes, a node can be a VM instance
Node-to-Node
A mechanism in which only two nodes involved in a transaction take part; in effect, it eschews traditional consensus mechanism
Private Blockchain
An encryption key uniquely linked to the owner and known only to the parties exchanged in a transaction; it is secretly held in a digital wallet
Public Blockchain
A network in which anyone can participate by reading data, submitting transactions, and participating in the validation process
WHO WE ARE
BlockchainDriven mission
Bringing blockchain and its benefits to organizations across the world. We specialize in ideating blockchain technology a reality for every type of business, and we create uniquely tailored blockchain solutions.
The Team
Specialists assigned to o-ring On Blockchain project will be:
Blockchain Project Manager Blockchain Senior Developer Blockchain Solution Architect |
PRODUCT & PROCESS
Project Process
DDRM 3 week intensive exploration and ideation, exploring blockchain’s impact areas and developing a highly-functional design for your project. This will involve ideation and crystallization around use cases, resulting in a high-level roadmap and customer engagement implementation.
Weekly Calls
Weekly calls consist of assessing the past week’s accomplishments and calibrating strategy to integrate into the coming week.
ONBOARDING TASKLIST
Week 1
▢ | Ideation of potential blockchain implementations |
▢ | Implementation and crystallization of blockchain as a use case |
Week 2
▢ | Blockchain technology selection & guidance |
▢ | Cryptocurrency strategy and framework structure |
Week 3
▢ | Actionable roadmap |
▢ | Cryptocurrency roll out timeline and key steps |
DDRM: Infrastructure, Technology & Development
For now, it’s not possible to say that one consensus mechanism is clearly superior. One mechanism may be better for one use case, and another mechanism better for another use case. We will run analysis tailored to your case, taking into account that new mechanisms are emerging, to find the best consensus mechanism for your project.
Accepted Payment methods: | Bank Wire, Check, Bitcoin, Ethereum | Payment Due Date |
First Payment | $12,000 | 11/13/2017 |
Second Payment | $6,000 | 11/27/2017 |
Deed Dive Road Map Total Cost: | $ 18,000 |
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized officers or representatives, have each executed this Agreement effective as of the date first written above.
The Parties acknowledge that they have read this Agreement, understand it, and agree to be bound by its terms and conditions.
AGREED TO AND ACCEPTED BY: | AGREED TO AND ACCEPTED BY: | |||
Sterling Consolidated Corp | Upgrade Digital, Inc. DBA BlockchainDriven | |||
By: | /s/ Darren Derosa | By: | /s/ Art Malkov | |
Darren Derosa | Art Malkov | |||
Print Name of Appointed Stakeholder | Print Name of Appointed Stakeholder | |||
CEO | Principal | |||
Title | Title | |||
December 5, 2017 | December 5, 2017 | |||
Date | Date | |||