Blockchain vs conventional software

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It’s no secret when we state that Satoshi Nakamoto changed the software building paradigms forever. Besides the revolution in the financial industry, the blockchain technology has many fresh and innovative use cases. Take for example SIAcoin (https://sia.tech/), a cryptocurrency that aims to change the way we think about storage. While cloud storage solutions are currently the norm, SIAcoin enables every user in its' ecosystem to become a cloud storage provider. Cutting the running costs significantly will most definitely make the big cloud companies rethink their strategies to stay relevant in the market.

SIAcoin is just an example when it comes to the process of big service democratization. Say you are a startup and you want to take advantage of the new wave of decentralized apps for the highest profit margin, you will have to do extensive research to find the best in market solution.

Enter Cardstack

Cardstack aims to shift the paradigm by creating the first experience layer of the future decentralized internet. Bridging the gap between the common software solutions and the up and coming decentralized apps will shape the sought after experience layer. Peers within the Cardstack ecosystem will be able to access cards that represent the best available services for that specific needs. Some examples of cards could be the following:

1. Payment methods
2. Fraud detection
3. Arbitration services
4. Storage solution
5. Identity verification

Putting these cards together will create a modular experience that’s reliable to test and deploy immediately into production. As soon as your experience or app is built and implemented, the payment method for the provided services will use the blockchain technology to offer a fast and fair reward for the service providers.

The ecosystem will provide the opportunity to monitor each card and track it’s performance thus ensuring that the most efficient and reliable service providers get the best reward and providing useful data for future users as well.

Cardstack Tokens (CARD)

The currency used within the ecosystem will be CARD, based on the Ethereum blockchain the tokens are ERC20 based. Using the Smart Contracts module will prove to be instrumental in the implementation of the modularity aspect. Being able to hold all involved parties accountable for their end of the bargain is one of the main advantages of the Ethereum system.

Regarding the token attribution and funds allocation model, a system similar to Google’s Pagerank is going to be implemented. Thus the operations will be performed via an off-chain system part of the Proof-of-Analytics module. To put it in layman terms the data output of the off-chain infrastructure is going to be processed by the reward contract.

The road ahead

Cardstack will ramp up to become a sustainable software solution ecosystem where a decentralized network of smart contracts will orchestrate the revenue flow from actual paying customers and reward the service providers, builders, and miners who have contributed to the community.

40% of the total CARD tokens will be distributed through the token generation event. The distribution will proceed through a series of batches to ensure a fair allocation while also complying with the applicable laws and regulations worldwide.

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