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Author Topic: [ANN][ICO][RLZ] - Railz - The Future of Machine2Machine Negotiation  (Read 3193 times)
btcltcdigger
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March 27, 2018, 12:28:27 PM
Last edit: May 02, 2018, 05:41:39 PM by btcltcdigger
 #1




Reaching a machine-negotiated consensus
The last few years has seen an explosion of interest in distributed ledger systems which operate on consensus algorithms and are not controlled by a central authority. Although such systems have been in use in various guises for many thousands of years, their recent popularity stems from the Bitcoin blockchain algorithm and its many successors which use network nodes and cryptographic techniques to verify transactions in a public ledger. Much work has been done in considering the general economic advantages and disadvantages of such systems, as well as addressing general technical problems which include but are not limited to simple consensus and authority. However, there remains a number of specific problems which relate to applications for ‘machine-to-machine’ (M2M) interactions. Chief amongst these are the challenges of reaching a machine-negotiated consensus, delivering higher ledger throughput, and achieving an appropriate level of utility.

The future of M2M Negotiation
The human world sees complex negotiations occurring between multiple people as a routine part of everyday life. These might be as trivial as a shopper agreeing to purchase goods at the advertised price, or as complex as an agreement between multiple business counterparties to deliver a range of goods and services with multiple interdependencies. Negotiating the specific case of an agreement to buy at an advertised price is itself trivial, and can straightforwardly be synthesised by an algorithm that accepts or declines execution of the contract according to one or more simple parameters.




What does that mean for you?
We are about to enter a world of billions of Internet capable devices with forecasts of over 20 billion IoT (‘Internet-of-Things’) devices globally by 2020 (source: Gartner on 7 Feb 2017 see https://www.gartner.com/newsroom/id/3598917) and by 2035 ARM (the world’s largest computer chip company) forecasting over 1 trillion IoT devices in place by 2035 https://readwrite.com/2017/07/26/arm-iot-2035-dl1/
These devices will become even more capable with AI (Artificial Intelligence) making such devices even more powerful. However, if these devices are to be more than just pieces of metal and plastic connected to the Internet, they need a means by which they can reach sophisticated, commercial agreements between themselves completely autonomously without human intervention.

The Railz protocol has been designed to enable these billions of IoT devices to negotiate sophisticated commercial or other agreements between themselves without any human intervention. And that each agreement reached is the best possible agreement that could be reached between both parties, a so called mathematically proven ‘optimised consensus’.

The Future
Imagine a world where a self-driving electric vehicle (EV) approaches a traffic light and stops above a ‘wireless’ charging point in the road. With Railz, the EV and charging point could carry out a negotiation to buy or sell spare electricity with each other (depending on pricing), either to top up the EV batteries or sell the EV’s spare capacity onto a local or National Grid. Note: the city of Milton Keynes in England already operates






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btcltcdigger
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March 27, 2018, 12:28:55 PM
Last edit: April 07, 2018, 07:06:32 PM by btcltcdigger
 #2











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btcltcdigger
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March 27, 2018, 12:29:07 PM
 #3






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DwayneDibly
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March 27, 2018, 12:35:13 PM
 #4

This type of thing is going to facilitate so much, Machine to Machine consensus for IOT's.

One of the first company's to pull this off is going to be HUGE!

Will be watching......

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March 27, 2018, 01:33:02 PM
 #5

Can you please tell me is this bounty campaign thread or Announcement thread? 
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March 27, 2018, 01:44:50 PM
 #6

Hi Vindizzle,

I don't think those things are mutually exclusive, I think you could consider this an Announcement that provides information on the bounty programs.
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March 27, 2018, 01:48:04 PM
 #7

What is the minimum amount needed to join the pre sale?
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March 27, 2018, 01:56:35 PM
 #8

Hi Gurtna,


The pre-sale has a minimum purchase of 3 Ethereum, expect the token details page to appear on the website soon Smiley

http://railz.org/
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March 27, 2018, 02:09:15 PM
 #9

I see that you will distribute 80000000 tokens for bounty participants. What will be total token supply after end of ICO?
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March 27, 2018, 02:18:41 PM
 #10

Hi Calvireish,

Page 9 of the whitepaper lists the token supply and allocation.

Total supply is digitally limited to 2 billion tokens with 75% reserved.

75% reserved
25% offered for sale

Allocation:

45% reserved for intrinsic utility
6% reserved for partners
4% reserved for bounties
20% reserved for the team
25% offered for sale in 3 stages

White paper here - /XW9Q93]https://[Suspicious link removed]/XW9Q93
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March 27, 2018, 02:38:14 PM
 #11

Hi Calvireish,

Page 9 of the whitepaper lists the token supply and allocation.

Total supply is digitally limited to 2 billion tokens with 75% reserved.

75% reserved
25% offered for sale

Allocation:

45% reserved for intrinsic utility
6% reserved for partners
4% reserved for bounties
20% reserved for the team
25% offered for sale in 3 stages

White paper here - /XW9Q93]https://[Suspicious link removed]/XW9Q93

Thank you for detailed answer, didn't have time yet to go trough whitepaper.

About team tokens, is there any vesting periodu?
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March 27, 2018, 03:26:37 PM
Last edit: March 27, 2018, 04:28:57 PM by Luke Sherwood
 #12

Hey Calvireish,

There is a vesting period for the core team, around 2-3 years with the details to be finalized Smiley
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March 27, 2018, 03:33:43 PM
 #13

Is this means that this will automate the entire process of transaction.
Even for more Machine to machine interaction, that means we just have to make a few adjustment then i't ready to go..
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March 27, 2018, 04:05:06 PM
 #14

Hey brjameng,

Yes, this would be fully automated, if it interests you the yellow paper has all the technical details of how we achieve that.
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March 27, 2018, 04:50:54 PM
 #15

Hey, also worth noting-

You can visit our website http://railz.org/

Head to Video's and the CTO and CEO will talk you through some of Railz's basics.

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March 27, 2018, 04:59:14 PM
 #16

I do not agree with the authors who claim that accounting is a priority. All the same in the modern world in the priority management accounting, which is based on accounting and financial accounting.


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March 27, 2018, 05:14:43 PM
 #17

I do not agree with the authors who claim that accounting is a priority. All the same in the modern world in the priority management accounting, which is based on accounting and financial accounting.

Hey dzkrb,

I do not understand the question and/or statement fully.

Join us on Telegram to chat - https://t.me/RailzOfficial

Happy to help if I can.
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March 27, 2018, 09:26:31 PM
 #18

I do not agree with the authors who claim that accounting is a priority. All the same in the modern world in the priority management accounting, which is based on accounting and financial accounting.

Say what now? XD Anyway, it seems like a cool project, I'll check the whitepaper.
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March 27, 2018, 09:31:01 PM
 #19

Hi Vindizzle,

I don't think those things are mutually exclusive, I think you could consider this an Announcement that provides information on the bounty programs.

That's...new. You usually don't ICOs combine those two. But why not? It's all good information.
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March 27, 2018, 09:35:11 PM
 #20

Interesting concept. I'll have to read about it some more. You guys have any direct competition?
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