Railz

About:

A decentralised next-generation transaction protocol for machines, designed to scale. Decentralised using the Ethereum blockchain and designed to scale. Next-generation consensus algorithm allows machines to ‘negotiate’ rather than simply agree or disagree. Enables IoT devices to self-organise and configure themselves into complex supply chains. Transmission protocol delivers 30x throughput on Ethereum network under test conditions. Our goal is to enable a trillion IoT devices to be able to conduct sophisticated commerce, self-organise into supply chains, trade autonomously without human intervention.



Intro:

What’s special about the Railz protocol is that the ‘negotiated consensus’ capabilities allow what are essentially today ‘dumb’ IoT devices to start carrying out sophisticated negotiations with each other on a peer-to-peer basis without human interaction. For example, it could enable self-driving cars to negotiate to buy and sell and trade electricity with charging stations in a sophisticated manner where the pricing varied with the amount of electricity being bought or sold, at a specific location at a specific time.



Milestones:

October 2017

Inception.

January 2018

Yellow Paper RFC-1 released.

February 2018

MVP.

14 February 2018

Technical Yellow Paper RFC-2 released.

26 March 2018

Railz White and Yellow (Technical) Papers - Public Release.

1 May 2018

Pre-ICO opens.

24 May 2018

Main Token sale to the public opens 1 June.

1Q 2019

Production Blockchain deployed.