iCash uses a reputational algorithm designed to track and rank the trustworthiness of its delegates over time and only the most trustworthy delegates are able to validate data inputs, and thus earn iCash. Fast, incorruptible appeal and settlement are achieved via a community of delegates, which validates and audits the trustworthiness of data inputs and outcomes. iCash, through its protocol, enables the filtration and appeal of smart contract outcomes at scale and across ledgers. ![]() PoT can be applied to any live verifiable event involving a smart contract in sectors such as: trading in commodities, currencies, cryptocurrencies, sports and wider asset management activities. The future belongs to innovators, and iCash’s underlying technology aims to institutionalize the blockchain, and protect those who transact from being victims of incorrect or nefarious data inputs on the blockchain.” “While Proof of Work and Proof of Stake provide distributed trust for data storage, the introduction of Proof of Trust provides distributed trust and assurance for data input to the blockchain. Developing checks and balances for validation of those transactions has been a problem for blockchain users and large corporations, until now.” iCash’s solution is a PoT protocol that allows for processes to assure and insure the validity of smart contract inputs and outcomes.Ĭommenting on the launch, CEO and Founder Will McDonough, said “Industries are being transformed as they conduct business on the blockchain via smart contracts. However, there have been very few solutions to the challenge of validating the trustworthiness of data entered onto the blockchain. The attraction of blockchain is that information is stored in an immutable ledger, without the need for a central authority or intermediary.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |