The MSEC System is a hyperledger-based system that executes a one- second rental contract for any utilities. The concept can be universally applied to all utilities as time has always been the common denominator of all forms of return.
After a selection process, we chose the traditional gold mining business as the first application of MSEC , mirroring the mining contract of mining pools for cryptocurrencies. The particular mining project is chosen based on, inter alia, its comparatively low risk nature.
Holders of MSEC can use it in a designated web portal and effectively rent the equipment, personnel and system for the duration relative to the amount of MSEC so spent. A smart contract shall subsequently be automatically generated. Upon data from the third party surveillance system of the production line, the smart contract shall calculate the return and be paid into the wallet of the user at the web portal automatically.