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Found 6 results
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  1. Somewhere in this forum I was having a discussion about how Codius could be used. I know it was with @Chewiecoin and I used the example of a purchase contract for real estate being fulfilled using the Codius platform to create the terms of the smart contract and fulfillment of that contract. This got me to thinking about other possible avenues for Codius to be used. Looking at the www.codius.org website they say that Codius is: "Codius makes it easy to develop applications that are: - secure and distributed - modular, forkable, and constantly improving - integrated with web technologies - independent of their developers These are smart programs. Smart programs can encode the logic of agreements or “smart contracts”, or their functionality can extend far beyond the realm of contracts. With Codius, smart programs can hold assets of their own on any or multiple cryptography-based ledgers, such as Bitcoin and Ripple." I was sitting at home today streaming a moving with my family when an idea came to me: what about Codius being used in the movie and music business? According to who you speak with, pirating of IP in these two industries is a huge issue...to the tune of billions of dollars. Codius could be used as the purchase and authentication platform so that these IPs can be protected from pirates. Say you want to distribute a movie (or a song...each would the same). You could encode on the digital copy of the movie being sent to the theaters and on the DVDs a "contract" which can only be executed via the ledger. The theater would be issued a "key" which would allow them to show the movie. Without that key, the movie could not be watched, even if the movie file was pirated. Every time the movie was watched using this key it would be recorded, giving the studio a record of showings and, thus, an ability to audit show times versus ticket sales. Without the key, though, the movie could not be downloaded or pirated and each key can be traced back to a specific theater. (Replace theater in this case to music app/account for song files and you get the same idea). For DVDs the feature would be the same except that only the key would be encoded on the disc. Put the DVD into your "player" (which is actually a streamer), it reads the key, finds the apporpirate contract on the Ledger, and allows you to watch your movie. Once the key was executed it could not be executed again by copying it to another disc. Or, if you remember many years ago there was a new product that allowed 1 time viewing, or "timed viewing" of DVD's. It was a "degrading" DVD that "broke down" over time only allowing so many views of the movie. Using Codius, studios could use this technology for the likes of RedBox. Instead of printing the movie on the DVD, a special key would be encoded allowing your DVD player to effectively stream the movie from its secure site. This key could be a one time use key, thus removing the necessity to return a DVD back to RedBox...just throw the disc away. The ability to assign contract terms using Codius could be limitless...my ideas about movies and music are, I'm sure, peanuts compared to what Codius could be used for. So, what are your ideas?
  2. I have been wondering recently about the execution of smart contracts in the exchange platforms like bitstamp, or kraken for trading purposes. I know that people use bots to facilitate day trading, but is it also possible to set smart contracts or some kind of script based on a certain algorithm for the execution of trade order. ?
  3. https://xrphodor.wordpress.com/2017/07/13/xrp-and-hyperledger-to-compete-with-ethereum-for-smart-contracts/ Latest blog entry; I talk about how Ethereum is facing increasing competition, and how both hyperledger and XRP are poised to take sizable market share from Ethereum if my analysis is correct. Feel free to leave your comments positive or negative here, and also feel free to share over other media as you can! Reddit: https://www.reddit.com/r/Ripple/comments/6n4rxt/xrp_and_hyperledger_to_compete_with_ethereum_for/ Twitter: https://twitter.com/Hodor7777/status/885616036392947712
  4. Not new(s), but still a brilliant yet simple idea, IMO, that I just wanted to reshare and see if anyone knows of any progress on, or implementations of, the BitMint concept. Essentially it's a "digital claim check" on dollars (or any cash/asset). But the money can be tethered or "fused with" contracts inside the actual units, unlike say bitcoins that only represent generic accounting units. So you can do some very clever, game-changing things with these conditions attached, e.g. loyalty schemes, time-sensitive money, fraud tracking, disaster recovery money (@Haydentiff) , etc. Or in Gideon's words, "No one can sever the connection between the money and its disposition." Check it out:
  5. Thx to The DAO attack, there is new competitor to Ethereum that's NXT's Ardor “With the ability to create customizable and easily deployed child chains, combined with Assets that can be traded system-wide, Ardor offers great value to the growing industry.” http://www.forbes.com/sites/rogeraitken/2016/06/21/nxt-crypto-blockchain-team-prepares-ardor-scalable-child-chain-platform/#70f77ca4349b
  6. http://www.coindesk.com/turing-complete-smart-contracts/ There are Interesting points in the article and cost/benefit analysis will be key to the success of any distributed solution. Detailed comparisons with centralized equivalents should be a requirement for any idea or venture in the distributed ledger field. Today, the cost to transact in blockchain-based ledgers is not perceived because these systems receive a constant inflow of money (caused by the growth in the demand for native coins), which pays for the seigniorage incentives that buys security to the network. Once the demand for the coins stabilize, the real cost of a transaction will be pushed to the system's users.
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