Bitcoin Forum

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Solve.Care platform will use it’s unique consensus model - Proof-of-Service !

  Solve.Care platform is based on dual-nature blockchain - permissioned with a competition for transaction processing (mining). Solve.Care blockchain is permissioned and transaction processing (‘mining’) can only be performed by the nodes admitted into the network. It’s consensus algorithm combines approaches, typical for permissioned blockchains, and requires computation to be done.
  Solve.Care blockchain will use it’s own consensus algorithm, which is based on ‘useful’ computing, as we call it – Proof-of-Service.
Technically, it is closer to PoW rather than PoS, as it requires computing to be done and doesn’t care about the amount of currency, hold by a particular peer. Instead, ‘weight‘ coefficient like in PoS is being determined by the SLA of a miner.
  Computing to be done by processing node is in fact extensive verification of transaction legitimacy. It is extensive because in addition to the financial state it uses other data dimensions: behavioral, relational, clinical (or any other domain specific). Such data is stored on the blockchain (historical) or also in external data points, available on Solve.Care platform. Transaction verification can be probabilistic or deterministic.