Tokenization of BCH chain. Absolute game changer. SPREAD the information, it will draw many investors. by holodef at reddit
16 comments
The post leads to Coingeek:
Bitcoin Cash Tokenization contest with nChain
Contest - OPEN - £5 000 000 REWARD
Excerpt:
CoinGeek are launching a contest to shape the next evolution of the Bitcoin Cash blockchain, accelerating it away from a simple cryptocurrency solution into the cornerstone of the globally distributed economy.
...
The challenge for participants is to design a generic system, or suite of interacting systems that deliver the following:
- An Issuer solution that permits an entity to:
2. Issue tokens to user’s wallets;
3. Redeem tokens from users; and
4. Securely destroy tokens back into the originating cryptocurrency at the end of that token’s life cycle.
- A user solution that either plugs into their existing crypto-currency wallet, or sits alongside that wallet, that allows the user to view their current holding, trade their holding (as permitted within the token’s own metadata) and redeem their holding.
- An audit solution that allows a third party to securely and independently validate the status of all issued tokens on the blockchain. This solution may require a seed value to be supplied by either a user or the Issuer to permit such an audit to occur.
- The solution must be provided with supporting design documentation, as well as working code that shall include source code. The solution may (but is not required to) involve execution of a smart contract solution on the blockchain.
