Consulting Contract between Sterling Consolidated Corp. and UpGrade Digital, Inc. d/b/a BlockChain Driven

EX-10.1 2 tv482118_ex10-1.htm EXHIBIT 10.1

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