blockchain-IoT / Motoro

Smart contracts for decentralized rentals of vehicles.
https://www.toptal.com/ethereum/motoro-iot-in-transportation
MIT License
107 stars 39 forks source link

Decentralized vehicle rental protocol #17

Open michalmikolajczyk opened 6 years ago

michalmikolajczyk commented 6 years ago

Feature request

As a product owner to deliver appropriate contracts for vehicle rentals I need to invent a trustless decentralized protocol which involves only the motorcycle owner and renter and involves storing cryptographic proof of the process and does not involve any relay business or other central authority

suggestion try to depict the algorithm like a flow diagram

adamskrodzki commented 6 years ago

If it is about to be trustless and decentralized There need to be a mechanism to penalize for misbehaviour. Require of deposit for every user so high that it can cover damage or steal of motorbike is not practical,

I believe two factors should be included:

1) Safe deposit 2) Connection of every user to other users for which he guarantee

To incentivise 2) There should be also some reward For having many connections weighted by frequency usage

Kind of Piramid Scheme but two ways Profits <=> Responsibility