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July 05, 2018, 12:53:31 PM |
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So here is our idea. There are lots of apps/games out there that involve collecting things. Quidd and Topps are just two. Now people want to trade across apps and Topps can't even let them trade between its own apps. This is where our project comes in. Our chain will hold cards and trades from all the different companies, therefore giving them a standard base and allowing different users in different apps to trade different cards between them. We start with cards, and move onto other collectables. An art gallery could use it and Banksy could release an Edition of a print on it. You buy it, you own it and you can trade it. You could even chip in with your friends and buy a % of something. That can only be sold if everyone agrees. You could even give things away.
Tech wise we are thinking of forking Ethereum and running it as a semi-private blockchain. Every company that participates runs a node and so everyone verifies each others trades. We don't want to run it ON Ethereum as there is no need. We don't care about other Dapps and the less 'other' work our blockchain does, the faster/cheaper/smaller it runs. Semi private as we don't mind the public seeing the data but only authorised companies can change it. Users would have an on chain ID which could be tied to the 'user' for each app. We see ourselves as 'hands off' middle men. We get paid to keep the system going but we don't actually process anything ourselves. Still working on the business model.
The coin itself will be called something like Trade (or something like that). We would be reluctant to put it on an exchange as it is purely a back end coin. It would be used to pay for the processing of transactions. The apps would take payment in £ and $ and buy trading capacity. If Joe Public had some they couldn't do anything with them. We also want to keep it as stable as possible. Does that defeat the whole point of an ICO?
What does anyone think?
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