email from Nuvus:
Questions we would like to answer in anticipation of our Pre-ICO
Can you tell me a little bit about the technology of the system we’re creating?
After months of analysis we decided to go with IBM’s Hyperledger, Hyperledger.org which includes robust blockchain technologies developed by the world’s largest companies and share with the Linus Foundation at Hyperledger. These techs are the result of millions of dollars in investments by major companies such as IBM, Intel, Accenture, CISCO and other major companies.
Hyperledger incubates and promotes a range of business blockchain technologies, including distributed ledger frameworks, smart contract engines, client libraries, graphical interfaces, utility libraries and sample applications. The Hyperledger umbrella strategy encourages the re-use of common building blocks and enables rapid innovation of DLT components.
The business blockchain frameworks hosted by Hyperledger includes;
Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed ledgers. Hyperledger Sawtooth includes a novel consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption.
Hyperledger Iroha is a business blockchain framework designed to be simple and easy to incorporate into infrastructural projects requiring distributed ledger technology.
Intended as a foundation for developing applications or solutions with a modular architecture, Hyperledger Fabric allows components, such as consensus and membership services, to be plug-and-play.
Hyperledger Indy is a distributed ledger, purpose-built for decentralized identity. It provides tools, libraries, and reusable components for creating and using independent digital identities rooted on blockchains or other distributed ledgers for interoperability.
WHY we chose Hyperledger and not Ethereum or other platforms.
1- The nature of the Cannabis industry and its federal level scheduling concerns
2- Trustless nature of the industry
3- Transaction concerns between participants (keeping it private if needed)
4- Cost of transactions
5- Speed of transactions
6- Availability of off-chain and on-chain transaction protocols
7- Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption
8- Ability to communicate to other blockchain protocols
9- Modular architecture
10- And most importantly access to thousands of use cases, file libraries and extensive support
2) Who will be doing the actual coding?
We are in discussions with several vendors certified by Hyperledger to code our systems based on our design that includes the IBM Blockchain consulting division. Their design blockchain engineers will navigate the platform development after the successful completion of the ICO.
For clarifications purposes, we have not seen or read any white papers that goes into detail about the technology being used for development of their blockchain. There are multiple platforms to be used for the blockchain technology. We did not want to just hire untrusted programmers and designers for our platform since we have access to certified engineers and vendors at Hyperledger.
3) Why aren’t we publishing it to github? If so, will it maybe be an option in the future?
We will publish the smart contract when available. We may also publish the blockchain technology and the platform when completed.
4) Is this company/team capable of doing this (building the tech and coding?)
The company has wealth of experience drawn from many years as an active participant in the medical marijuana industry. We achieve this by leveraging on contacts and relationships we have built from our previous and current forays in the industry. This sets us miles ahead of other competing medical marijuana exchanges due to the simple fact that we understand data and data acquisition. We have been selling the state-of-the-art technology called CognetiX for three years now running on multiple facilities around the country. We delve into the fundamental aspect of the industry which is data acquisition and verification which is paramount to the foundational implementation of a successful global platform.
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