#ICASH PROOF OF TRUST VERIFICATION#

The iCash technology team is currently focused on the Ethereum, EOS, and NEO blockchains, but are also developing the platform to work across all blockchains.

#ICASH PROOF OF TRUST VERIFICATION#

PoT increases the scalability of smart contract input verification and execution on the blockchain. iCash uses a reputational algorithm designed to track and rank the trustworthiness of its delegates over time and only the most trustworthy delegates are able to validate data inputs, and thus earn iCash. Fast, incorruptible appeal and settlement are achieved via a community of delegates, which validates and audits the trustworthiness of data inputs and outcomes. iCash, through its protocol, enables the filtration and appeal of smart contract outcomes at scale and across ledgers. PoT can be applied to any live verifiable event involving a smart contract in sectors such as: trading in commodities, currencies, cryptocurrencies, sports and wider asset management activities. The future belongs to innovators, and iCash’s underlying technology aims to institutionalize the blockchain, and protect those who transact from being victims of incorrect or nefarious data inputs on the blockchain.” “While Proof of Work and Proof of Stake provide distributed trust for data storage, the introduction of Proof of Trust provides distributed trust and assurance for data input to the blockchain. Developing checks and balances for validation of those transactions has been a problem for blockchain users and large corporations, until now.” Commenting on the launch, CEO and Founder Will McDonough, said “Industries are being transformed as they conduct business on the blockchain via smart contracts.

Icash proof of trust