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.
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.
Yellow Paper RFC-1 released.
14 February 2018
Technical Yellow Paper RFC-2 released.
26 March 2018
Railz White and Yellow (Technical) Papers - Public Release.
1 May 2018
24 May 2018
Main Token sale to the public opens 1 June.
Production Blockchain deployed.