Digital Currency on IoT

A proposal to add a currency token to an anonymous email system.  Each phone acts as its own email server running peer-to-peer between two phones.  A central registry maintains identity and IP addresses so phones can communicate. So.  The biggest problem is that email is not a guaranteed delivery protocol.

A proposal to add a currency token to an anonymous email system.  Each phone acts as its own email server running peer-to-peer between two phones.  A central registry maintains identity and IP addresses so phones can communicate.

So.  The biggest problem is that email is not a guaranteed delivery protocol.  In 2014, this system was losing about 2% of its emails.  No sane bank will sign up to lose 2% of its money.  After a few days, I defined the overall design as a guaranteed delivery system between mobile devices and started researching.

A second problem is scalability.  The client wanted to scale to 100 million devices.   So guaranteed delivery and high scalability.   Eventually, I looked at IoT solutions...



Other constraints - how well does the IoT toolkit match the existing environment?   Cost, effort and applicability are concerns.   I eventually recommended the RTI toolkit as the best option at a licensing cost of $7500 per developer per year.  At that point, this project died.   There's some initial sequence diagrams and even some coding of the Bank Manager, mock tokens, some unit tests.

Recent Posts

Flickr Stream

Text Widget

Aliquam eget arcu nec nisl imperdiet semper mollis sit amet tortor. Ut ultrices pharetra urna id cursus. Aenean ligula dolor, mollis id eros id, hendrerit malesuada nisi. Suspendisse et pellentesque est. In lobortis velit nec diam sodales, vel gravida nibh porta. Curabitur faucibus lacus ac tellus faucibus posuere. Nam lobortis