Quote from: kingcolex on February 01, 2016, 05:20:16 PM

Quote from: BlockSense on February 01, 2016, 05:10:52 PM

Quote from: kingcolex on February 01, 2016, 04:51:34 PM

Watching, and does this mean it will be a hard drive storage rewarded coin?

For now, the network will be driven by 100% proof of stake. We are not using hdd mining based rewards or proof of work. I've updated this in the post.

Quote from: chey on February 01, 2016, 04:56:33 PM

Will it be open source?

Yes, SENSE cryptocurrency will be open source when launched. Our platform will provide tools for the industry to integrate BlockSense into their systems.

Thank you for posting our graphical ANN mistercashking

Updates and information around the project will be added regularly from today. Be sure to check our site and follow us on twitter for development.

Won't this lead to quite a large blockchain and quickly?

Blockchain bloat is something we are considering as we optimize the way data is taken from sensors. Most sensors within Smart SHM systems are relatively low in frequency and size (often a few bytes) so this is not an issue.

Development relating to high frequency sensors is something we have considered and will be outlined in future posts and reports. Further studies will be undertaken as we interact with industry to assess potential data demanding uses. We have also introduced a data carriage factor to increase the cost of larger segments of data within outputs.

One of the main goals of BlockSense is to allow encoding of minute data recordings from these sensors so that the platform can use it as a foundation to offer extended services. Typically a single transaction would include:

Code:

Organisation I.D Project I.D Building I.D Location I.D Sensor System I.D Data Readings Unix Time

With proper nomenclature, the outputs are relatively small in size. Pruning will also be supported for sensor node functions.

Quote from: anderson705 on February 01, 2016, 05:28:54 PM

when will crowdfuning start ?

We are in the process of finalizing some details before announcing our crowdfund campaign. Expect an update on crowdfunding in the coming week or so alongside technical information.