Introducing Evernode Today we published our White Paper for Evernode, a project to bring “layer 2” smart contracts to the XRP Ledger. It combines our HotPocket protocol with the proposed Hooks amendment – small pieces of code that allow XRP Ledger Accounts to function as “lite smart contracts” – to create a global, permissionless, decentralisedContinue reading “Evernode: Layer 2 Smart Contracts for the XRP Ledger”
Author Archives: scottrchamberlain
iXRPL White Paper
Today we published the White Paper that accompanies our iXRPL demo. iXRPL has the following components: The User Mobile App: The User uploads their identity documents and XRPL account information via the mobile app to get verified by iXRPL. The app also maintains the rolling encryption keys for the User’s personal documents. When the UserContinue reading “iXRPL White Paper”
Digital Assets Down Under: Is Your Blockchain a Managed Investment Scheme?
It can be difficult, bordering on impossible, for peer-to-peer blockchain projects to comply with laws drafted on the assumption of a hub-and-spoke world where middlemen exist that can be regulated and deputised police their clients. This post is going to explore one such example: managed investment schemes under Australian law, what Americans call investment contracts.Continue reading “Digital Assets Down Under: Is Your Blockchain a Managed Investment Scheme?”
Digital Assets Down Under: Making Australia A Destination Jurisdiction for Digital Asset Projects
Yesterday I filed my submission “Digital Assets Down Under. Making Australia a Destination Jurisdiction for Digital Asset and Cryptocurrency Projects, Investment, and Skills” with the Australian Senate Select Committee on Australia as a Technology and Financial Centre. Here are what I think are the inherent challenges involved in any nation being a “destination jurisdiction”. Challenge 1: Blockchains (ideally)Continue reading “Digital Assets Down Under: Making Australia A Destination Jurisdiction for Digital Asset Projects”
iXRPL (Self-KYC dApp) Video Demo
Today we uploaded a video demo of our Self-KYC dApp, iXRPL. iXRPL is a proof-of-concept for an “on-chain”, GDPR-compliant, Self-KYC solution powered by HotPocket. It tokenises the fact an XRP Ledger Account is controlled by a verified identity, turning the verification into a reusable asset. Any participating business can then perform KYC activities on theirContinue reading “iXRPL (Self-KYC dApp) Video Demo”
Digital Cows: Tokenising Interests in Australian Cattle
Today we publish our Issues Paper on Digital Cows: Tokenising Interests in Australian Cattle. Properly functioning cattle markets are important to Australia as the world’s second largest exporter of beef. Physical cattle markets have costs and inefficiencies that digital, tokenised markets would probably avoid. Blockchain and smart contracts might be able to leverage Australia’s existingContinue reading “Digital Cows: Tokenising Interests in Australian Cattle”
Tokenising Digital Identity: Exploring the Promise of Blockchain-based KYC Solutions
Today we published our Issues Paper on Tokenising Digital Identity: Exploring the Promise of Blockchain-based KYC Solutions. Know Your Customer (KYC) is a very specific identity problem governed by specific laws, regulations, and standards. These rules cost financial institutions and customers in time, money, and inconvenience. Banks are at risk of prosecution. Individuals risk invasionContinue reading “Tokenising Digital Identity: Exploring the Promise of Blockchain-based KYC Solutions”
The Sashimono Daemon
HotPocket is a UNL consensus engine that converts Linux machines into mini-blockchains. Coordinating the roll out of HotPocket dApp currently requires manual set up and is inherently centralising. Sashimono is a daemon that enables the decentralised deployment and management of HotPocket clusters “in the wild” from any layer 1 infrastructure. Today we are publishing ourContinue reading “The Sashimono Daemon”
Oops! – We Invented a dApp Engine
HotPocket is a blockchain-agnostic dApp engine. It converts any number of linux machines into a mini-blockchain. It provides maximum flexibility as to scale, language, and functionality. A funny thing happened on our way to tokenising digital identity: we invented a new smart contract platform. When we started Lex Automagica, we planned on using the technologyContinue reading “Oops! – We Invented a dApp Engine”
The Lex Automagica Project Explained
We Need A New Technology Platform to Truly Scale Justice. Maybe Blockchain and Smart Contracts Are The Answer. Let’s Find Out By Trying To Build Real Solutions to Real Problems. Many people have predicted – even hoped – technology would upend the legal system and traditional law firms, and so improve the law and enhanceContinue reading “The Lex Automagica Project Explained”