Localfacts smartcontractjp
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Local facts are difficult to put into on blockchain. Just simple thought about local facts 1. Location & Language separation on blockchain 2. Deposit on fact providers 3. Ask professionals including Prediction market
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Localfacts smartcontractjp
- 1. Thought about Local facts How do we put local facts into blockchain ? Tomoaki Sato Smart Contract Japan
- 2. How to get better results about the stock price of Japanese SME company on blockchain ? tet
- 3. Blockchain is not good at local facts as the google does... tet good at ‘googlable’ information, but often misresults about the private information(company, real-property pricing, how to make money ? or somethings...)
- 4. 1. Add location & Language Filter 2. Deposit of fact providers 3. Ask many professionals tet
- 5. Add location or language filter yield more good results, but not enough tet
- 6. Location separation tet fact provider X Last staked point fact provider X Last staked point Separated consensus in data level , but value can be transferrable
- 7. Proof of location tet Mobile 4 G towerGPS GPS is not enough. We need GPRS = GPS + Cellt tower
- 8. Language separation (optional) tet ex) When you search Japanese company stock information, it’s better for you to search by Japanese.
- 9. 2. Deposit of fact providers ~Fact providers should have responsibility of their information~ tet
- 10. Deposit as professional fact provider tet sha256(PREVHASH + ADDRESS + TIMESTAMP) <= 2^256 * BALANCE / DIFFICULTY PoS Blockchain Fact vaildation fee + Proof of Stake Rewar Local fact provider Local fact provider Deposit Deposit Local fact provider Deposit When a provider cheat, they lose the deposit.
- 11. Cheating = vote to minority. Losing = moves the value from minority to majority tet PoS Blockchain Local fact provider Local fact provider Deposit Deposit Minority Local fact provider Majority Local fact provider Deposit Deposit When a provider cheat, they lose the deposit and the value moves to other validator in the same region 1 fact && 1 local
- 12. 3. Ask many professionals (including prediction markets) tet
- 13. Prediction market as a professional tet SellerBuyer How much is the company’s stock price of the seller ? (what we call oracle) Decentralized Prediction marketPrediction marketProfessional
- 14. Prediction market as a professional tet SellerBuyer How much is my company’s stock price? Please attach your sign to your prediction (what we call oracle) Decentralized Prediction marketPrediction marketProfessional