Value: 1 INC (Indiya Coin) = 1 INR (Indian Rupees)

// Trust and Safety

Important matters related to the issuance and circulation of INC to be sold are decided based on the discussions among the issuer’s directors, regular employees, and experts on the advisory board. The advisory board includes lawyers, venture capitalists, international tax accountants, former CFOs of listed companies, blockchain company executives, consultants, and others, who share their expertise with the entire team. Smart Contract Auditor. INC is ready to be listed for all exchanges around the world

Contract Specification

  • The specifications of the Indiya Coin require a network that allows for the development of decentralized applications (including smart contracts) that may be used to store and transfer value according to certain conditions set by the developer. The Blockchain network fulfills this criteria and has a technical standard for tokens, the ‘INC contract’ standard, which has experienced wide spread, adoption in India.
  • As a result, there already exists a plethora of software and services that support compliant tokens and provide access to and usability for end users Alternatively, if the INC were built as the native token it would take time for a similarly vibrant ecosystem of third-party developers and software to emerge.
  • As a result, we have built the INC as an Blockchain Smart Contract compliant token on the smart network.
  • Consequently, the Indiya Coin can be transferred on the smart network and stored in any Blockchain address

Contract Security

The Indiya Coin system implements the following security features:

  1. Offline Keys: Keys that approve high-risk actions are stored offline in INC proprietary Cold Storage System.
  2. Key Generation: Keys are generated, stored, and managed onboard hardware security modules(HSMs). We only use HSMs, each a “signer,” that have achieved a rating of FIPS PUB 140-2Level 3 or higher.
  3. Dual Control (Multi-signature): High-risk actions require approval (i.e., digital signatures) from atleast two signers. We utilize an M of N signing design, whereby M=2. This provides both securityand fault tolerance.
  4. Time Lock: Even after approval, high-risk actions are locked for a minimum period of time before being executed. This provides a grace period to detect — and preemptively respond to —potential security incidents.
  5. Revocation: Pending actions can be revoked, allowing for the nullification of erroneous or malicious actions before being executed.

Contract Custodianship

  • For certain high-risk actions in the Indiya Coin system, we need an offline approval mechanism. We, therefore, require each smart contract in the INC system to look to a custodian for approval. A custodian may be another smart contract or a keyset (online or offline).
  • A custodian may look to another custodian, which may look to another custodian, and so forth, thereby creating a chain of custody or“custodianship.”
  • For instance, a smart contract may look to another smart contract, which ultimately looks 3 to a keyset for approval.
  • If a smart contract’s custodianship terminates to an offline keyset, an offline approval mechanism for its actions has been created.