Is the Railz protocol really a good idea?
The answer comes in three parts for you to judge:
1) - Who thinks IoT will be big and valuable?
Our White Paper references detailed papers by ARM Holdings, Cisco, and McKinsey consulting on the scale of the opportunity in terms of numbers of devices, application areas and potential value to be created?
2) What's different about Railz compared to say IOTA, EOS and Cardano?
Railz is intended at a specific use case that we believe will be useful in a world of billions of IoT devices, specifically enabling optimised 'Machine-to-Machine negotiation' to take place between autonomous IoT devices. These negotiations can range from sophisticated energy trading between ordinary consumers trading renewable energy with local micro-grids and national grids, to electric vehicles trading with 'smart infrastructure' to self-organising supply chains in transport and logistics networks through to trading systems in financial markets.
3) Can the team deliver the protocol into production and gain commercial users?
Our CEO, John Corr, has experience of building large-scale payment systems with some of Europe's largest financial institutions. In addition, the team see the primary challenge is to gain adoption by IoT device manufacturers, where the team's knowledge of b2b sales to major corporations and social media marketing in order to reach tens of thousands of SMEs globally will be critical.