Oh so blockchain is used only for signaling?
Hi btcminer, can you please clarify what you mean by signalling?.. Tim
I think he asked about how blockchain will work with the product.
So here's a bit more detail on the tech side of the project;
The concept itself is to fairly monetise the exchange of data between actors on the network, who may be chatbots, A.I. instances, or simply people - questions and answers will be routed and ranked across the network, allowing a 'greater than the sum of its parts' network which can help many more people in many more contexts than current monolithic solutions - it'll also be a decentralised solution where value flows to the creators and people adding the value, and isn't hoovered up by you-know-whos (google, apple etc.)
So given all that, what can we say about the blockchain aspects of the project specifically and technically?
We can say that the entire economy is defined by the ERC20 token on the Ethereum network, and that many emerging aspects of that network (Radian, Plasma etc.) give a strong sense of great opportunity. So simply put. yes, every 'signal' - or transaction (as we think about it) - is at the very least a transaction on the ethereum blockchain.
We're also experimenting, with some success, in writing data about each transaction to the ethereum blockchain. Currently, this is simply a call to a smart contract function, where we store a string as an 'event' - just the name of the bot involved, and a key to our centralised database which stores the entire request / response object.
Beyond the transaction piece however, the project really is blockchain agnostic - there are many many significant opportunities to interact with additional blockchains which we're exploring also - think IOTA, NEO, Waves (see their NG updates) and others - our areas of effort include reading / writing metadata to a blockchain, and opportunities such as the encryption and distribution of data, controlled entirely by the end user (think ways to monetise your own behaviour, through a third party (not us) all powered by the Hut34 Network) - as with almost every blockchain project the potential scale is vast!!
We're very much a bleeding edge blockchain tech startup, but we won't be developing our own blockchains, or even blockchain tech really - we'll be using our expertise in the field to 'stand on the shoulders of giants' and build an awesome product in the space, and to make a real difference.
What this wall of words boils down to is that the Hut34 Project will process transactions on the ethereum blockchain, and also utilise other blockchain technology to add value to the project, with this being a key area of effort as part of the build of version 1.0 post ICO - help us make it a reality!
