The scheme of FCE work
FCE will provide a set of instruments, originally created to work on 1000EcoFarms. In the middle of FCE will be smart contracts Smaco, easily customizable by the users for various tasks (with standard and optional features). The users will Interact inside the platform through the Wallok cryptowallets. The partner banks will act as user verifiers and escrow payments warranters, and provide a convenient and fast access to the fiat currency conversion into the cryptocurrencies and back. DiPay payments processor will conduct fiat and cryptocurrency transactions quickly and easily. Over time, the public fiscal bodies will automatically connect to the smart contracts for online monitoring of the business activity, eliminating potential fraud with taxes (customs duties, excise taxes, income taxes, etc.). Thus, the State structures responsible for the effective collection of taxes, will be interested in transferring real deals to the blokchain platform.
this is a bit complicated can you simplify it in few words
OK, point by point, the scheme is divided in several instruments:
1. Smaco contracts which will serve for interactions between the users, as well as for banks which will act as payment warrantes and simplify the conversion between fiat and crypto currencies.
2. DiPay payment processor to provide faster and easy transactions
3. Connection with financial authorities will help to prevent financial frauds and establishing effective collection of taxes to formalize the interaction between businesses and the blockchain platform