[ANN][ICO][RLZ] - Railz - The Future of Machine2Machine Negotiation

[Luke Sherwood]

We ask Railz Official, when will we be seeing driverless cars?

https://medium.com/@railz/when-will-we-get-self-driving-cars-9cd6e155800a

[1714954964]

1714954964

[1714954964]

1714954964

[liezel13]

Does this mean that Railz M2M consensus can eliminate the risk of reducing the value of the financial instrument caused by market makers? If it is then it's awesome!

[DwayneDibly]

How are the energy companies looking at the blockchain now?

https://medium.com/@railz/how-are-the-energy-companies-looking-at-the-blockchain-now-4811105440c2

[Luke Sherwood]

Not seen the new website? you should take another look we have improved the design and added our new rockstar team members.

Want to learn more? This is the only article you need- https://bit.ly/2IOquUu

The earliest opportunity to secure RLZ Tokens is here, help build the protocol - https://goo.gl/ECWaEP

We have started our 7 day countdown to the Pre-ICO, Don't miss the best deal of 2018, Join the whitelist now - http://railz.org/whitelist

https://preview.ibb.co/cH2HNd/Illustration_7.jpg

[Luke Sherwood]

Ever wonder how does Railz actually works?


https://medium.com/@railz/how-does-railz-actually-work-a2dc349df638

https://preview.ibb.co/cA7bHd/Illustration_7.jpg

[Luke Sherwood]

Railz in the context of the world of IOT and Blockchain


https://medium.com/@railz/railz-in-the-context-of-the-world-of-iot-and-blockchain-401e544d5dc1

[3Bullion]

Good day! Is there a limit to investing in this ico?
You will have many partnerships, a project with a good, innovative idea!

[kamaljamal]

Great and intersting project with a good team..waiting to participe

[todayocb]

https://i.imgur.com/8JB5kxT.png

WEBSITE | TWITTER | FACEBOOK

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.

https://i.imgur.com/C8QOsZF.jpg

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

https://i.imgur.com/4AlwdxQ.jpg

[BobvS]

nice project

[Ahmennawwar]

Can you please tell me is this bounty campaign thread or Announcement thread?

[Fazal9001]

Amazing

[kasonudy]

More machine work,less human activities, Good initiative,if well project we will get that point of  Railz (Machine to Machine Economy) i wish you success

[trantinh190565]

Khái niệm thú vị. Tôi sẽ phải đọc về nó một số chi tiết. Các bạn có sự cạnh tranh trực tiếp nào không?

[Sam03]

Nice Project😊

[vuongmeo]

good

[nazoo]

https://i.imgur.com/8JB5kxT.png

WEBSITE | TWITTER | FACEBOOK

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.

https://i.imgur.com/C8QOsZF.jpg

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

https://i.imgur.com/4AlwdxQ.jpg

[doswedan]

https://i.imgur.com/8JB5kxT.png

WEBSITE | TWITTER | FACEBOOK

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.

https://i.imgur.com/C8QOsZF.jpg

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

https://i.imgur.com/4AlwdxQ.jpg

[Ranabsl]

Less human activities, good innovative solutions,if well project we will get that point of   RAILZI.  wish your success

[balkrishankaus1]

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