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Pablo

A wish list of use cases for Codius and Smart Contracts...

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Posted (edited)
On 3/15/2018 at 8:52 PM, WrathofKahneman said:

Also - construction: imagine every site has a unique ID,   there are so many different contractors and suppliers involved that smart contracts could accurately, real time, indicate when work is possible for different contractors because the supplies are there and other work is finished.  This would make pay-for work easier and help to track costs.

A friend indicated it would help immensely with blood donations as all the various services could provide unique ID's to individual bags and track them along with their properties - (Blood type, etc.)  This might help pharmacies, too.  It would certainly cut down on wrong prescriptions and might even help track painkillers as it prevents double dipping between different pharmacy networks.

Can you elaborate on this? Unique IDS....

How will this differ from UIDs on say non relational databases system? 

How are they tracked and if you can tell me how codius or smart contracts work this way, I'd be very interested to read. They are new to me, and would love to hear more.

 

Edited by Tayto

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19 hours ago, Tayto said:

Can you elaborate on this? Unique IDS....

How will this differ from UIDs on say non relational databases system? 

How are they tracked and if you can tell me how codius or smart contracts work this way, I'd be very interested to read. They are new to me, and would love to hear more.

 

Not on the blood supply as I don't know how it works so much.  

For construction, the problem is that a database would work just fine for tracking projects within one company, but for smaller contractors, coordination and payments would been helped by smart contracts where everyone is an independent operator.  It is very difficult sometimes for small/med contractors to be paid in a timely fashion, especially if they have to wait for other contractors to finish, materials to be delivered, etc.  I think that instant settlement contingent on a digital handshake could make things more efficient without one giant company running a database for everyone.

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One more, but this is far in the future - smart contracts have the potential to disrupt the US energy grid at a local and larger levels.   It seems to me that many of the issues of friction and cross border transmission that afflict banks are analogous to the energy utility industry in a number of ways.  If you view the nonprofit/government agencies that control the electricity distribution grids in US states as a kind of liquidity provider,  a smart contract system could more efficiently distribute and monitor electricity and its usage.  It certainly could automate it more and perhaps make it more efficient and responsive to various demands, reducing friction, so to speak.

This is especially exciting if the number of independent producers continues to grow; people with solar panels and wind turbines, battery banks, etc.  It could provide a way for the small producers to sell back their excess product, and even market it if the system were flexible enough to have fluctuating prices.  It might incentivize, say, people buying battery banks so that they know they will have excess electricity to sell back on particularly high demand days at a higher cost.  

It might make it easier for individual users to subscribe to green power sources, driving the prices up, and it opens the possibility (for better or worse) to create a market of energy-based derivatives.   It could create an agile, independent network of energy purchasing and distribution driving profits for the utilities and potential investors (producers).  A eXRP, if you will.

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On 3/8/2018 at 10:51 AM, Mpolnet said:

1) IoT/Machine to Machine Payments - to reference Brad Garlinghouse's example: You're late to work in your self driving car, the car in front of you is not in a rush, you send that car $10 worth of XRP to get out of your way so you can drive past them. 

This sounds great, but how long would it be before other drivers started blocking you to try and get paid for moving? ;) oof

On 3/8/2018 at 10:51 AM, Mpolnet said:

5) Car insurance where the amount you pay is based on how long you are driving in the car. As long as you keep driving, every second or minute (like a tax meter) you are paying. As soon as you step out of the car, you stop paying car insurance

Parked cars get hit too, unfortunately, but I like the way you're thinking! The devil will be in the details, as always...

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Posted (edited)
On 4/20/2018 at 7:29 AM, GiddyUp said:

How about evidence tracking, chain of custody that sort of thing?

Hmmm - this one's gonna stick. Might want to get some patents lined up for this one my friend! :)

Hashes of the Digital photos + GPS data + locked samples from crime scenes. At some point, this tech will make it will be impossible to plant/doctor evidence. The future of policing looks grim!

Edited by Pablo

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Posted (edited)
On 4/21/2018 at 6:52 AM, Pablo said:
On 4/19/2018 at 2:29 PM, GiddyUp said:

How about evidence tracking, chain of custody that sort of thing?

Hmmm - this one's gonna stick. Might want to get some patents lined up for this one my friend! :)

You may have this one, I don't have the wherewithal to run with it! But I think your totally right, hadn't thought about how they will be able to GPS track etc. Could be very useful indeed... ;)

Edited by GiddyUp

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6 hours ago, GiddyUp said:

You may have this one, I don't have the wherewithal to run with it!

That’s a shame. I’m sure we’ll see this in the coming years because it’s a very strong idea and has universal application across many jurisdictions. Cha-Ching! It might need some regulatory support but that will be the case for most of the ideas discussed here. 

It’s like walking through the forest with huge gold nuggets sticking out of the ground and no one able to pick them up. Some are so big, they need heavy machinery (and minimal up-front investment) :) 

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I just daydreamed how the future could be , I’ve named it “ The codius google car insurance dream” 

In my dream, Siri/Alexa/google assistant reminded me that my car insurance was about to end, asked if it want me to sort this for me ? “Yes please AI.”

Off the assistant trundled, starting up a codius smart contract to query the ALL the various insurance services ( specifically their APIs) to get their policy prices, conditions etc, my required info provided by the smart contract to each API as needed

15 seconds after me saying yes please, Siri/Alexa/google-assistant chimes up with "i have found your new policy", offers me to review if fundamentally different from my existing one. On my confirmation, the smart contract concludes the financial transaction, buying my policy using XRP to pay the insurance company. 

 

Details of my policy are uploaded to the local ( UK) insurance registry blockchain, where the UK governments roadside camera checks on number plates, which can then see I’m up to date with my policy, and will not fine me.. this time.

 

A nice dream if you like that kind of thing :) 

Codius’s connection to the interledger, XRP ledger and its ability to scale so cleverly, giving the option to build a centralised server, or a decentralised group of servers, either being public or private, with each use case decision being made by the developers to suit the system requirements.. ingenious.

 

I think whats needed now, are more “Oracle” services hooked up to codius hosts and external data sources. With many constantly updating data sources available to codius, many new and innovating smart contracts can be developed.

 

- codius to google api seems like a logical one, and i assume you can pull thousands of data points from google.

- Reuters feed would allow live market data to be available. 

 

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