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Showing 4 of 4 results by Anthony1s
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Topic
Board Altcoin Discussion
Re: Decentralized Inventory Management
by
Anthony1s
on 10/03/2015, 16:52:41 UTC
A decentralized inventory blockchain would be a tough sell because it's counterintuitive. A company is a centralized institution. Granted that a company can exist in a decentralized industry - look at how many independent convenience stores there are - but a company itself is centralized.

Decentralization is more intuitive for a co-operative, run like an old-style mutual insurance company.

Yea, it seems like one of those ideas where it's possible but just because it's possible doesn't mean it's a good idea. I struggle to find advantages to it.
Post
Topic
Board Altcoin Discussion
Re: Decentralized Inventory Management
by
Anthony1s
on 06/03/2015, 13:01:02 UTC
Would have to have an advantage over a traditional database.

The advantages I see are:

1) Decreased server load on company-owned equipment. By having everyone who own this "coin" verify and manage the inventory database

2) Decreased need for database backups and redundant servers. The blockchain would be loaded on any computer running the wallet client

3) Alternative revenue to the company by selling the coins. Proof-of-stake incentivizes others to run the client and maintain our inventory database. The coins would be sold by the company as a stock alternative

As far as keeping better inventory, this wouldn't change. However, ideally a RFID/NFC tagging system would be integrated with this system. Leaving less room for human error.

How good is the blockchain at handling multiple items? I know it can keep track of one item (bitcoin), but is it capable of handling 150 different assets?


Post
Topic
Board Altcoin Discussion
Re: Decentralized Inventory Management
by
Anthony1s
on 06/03/2015, 06:07:12 UTC
Today I was envisioning a decentralized inventory management system that utilizes blockchain and proof-of-stake technology. With the goal being that the blockchain will hold all the inventory and in and out transactions of items. Possibly a large pre-mine, where the coins will be sold to investors in the company. Possibly sell the company coins instead of company stocks. People who hold stake in a company also help maintain it's inventory system. I'm not knowledgable enough to set this up, but I'd like to throw the idea out there and get some opinions about this.



Your vision has been realised. DPoS is used.

http://signup.skuchain.com/
https://www.youtube.com/watch?v=a7an9RkCG4s

Thanks for that. I finally got around to watching it. It's not exactly my idea, but it's similar. I'm talking more about an internal inventory system with a goal of maintaining better inventory records and not a supply chain with a goal of avoiding counterfeiting. I think I can put some of his ideas into understanding the solution to my own problem though.
Post
Topic
Board Altcoin Discussion
Topic OP
Decentralized Inventory Management
by
Anthony1s
on 02/03/2015, 01:02:53 UTC
Today I was envisioning a decentralized inventory management system that utilizes blockchain and proof-of-stake technology. With the goal being that the blockchain will hold all the inventory and in and out transactions of items. Possibly a large pre-mine, where the coins will be sold to investors in the company. Possibly sell the company coins instead of company stocks. People who hold stake in a company also help maintain it's inventory system. I'm not knowledgable enough to set this up, but I'd like to throw the idea out there and get some opinions about this.