The structure of a SMART contract for purchasing 300 carats of diamonds for three investors with the aim of reselling them at a higher price can be described as follows:
1. Contract Initialization:
- Specification of the total amount of diamonds (300 carats).
- Identification of the three investors and their share of the investment.
2. BuyPower Function:
- Automatic distribution of invested funds among investors proportional to their shares.
- Purchase of diamonds using the collected funds.
3. Conditions for Storage and Appraisal of Diamonds:
- Determination of conditions and location for the safe storage of diamonds.
- Periodic appraisal of diamonds to track their market value.
4. Sales Mechanism:
- Setting a time window (`time`) for the sale of diamonds.
- Establishing a minimum sale price that ensures the expected ROI (return on investment).
5. Distribution of Revenues and ROI:
- Automatic distribution of revenues from the diamond sale among investors according to their initial investments.
- Calculation and payment of the profit percentage (ROI) to each investor.
6. Security and Compliance:
- Implementation of security mechanisms to protect against fraud and unauthorized transactions.
- Ensuring that the contract complies with legislative and regulatory requirements.
7. Contract Termination:
- Conditions for the end of the contract after all diamonds are sold and revenues are distributed.
- Possible actions in case of non-fulfillment of contract conditions or other unforeseen circumstances.
This structure ensures transparency, automation, and security in the process of investing, buying, storing, selling diamonds, and distributing revenues among participants.