So we’ve had a few questions about Medici, Overstock and our affiliation to Ravencoin community. I want to dispel some of the rumours that we are a Medici ran or backed company. We are not. I hae backed this company with my capital, and my experience as a software, telecoms and datacentre engineer. Together with several ex Rackspace colleagues we were able to create the foundation for a new type of community software.
This product and service was really intended as a fully community ran and owned project. That way there is no principal business interest of anyone, except to provide the service. – push
Someone also asked about the plan of mortgage holder and sub asset ownership integration into a blockchain service. Suffice it to say, IPFS (interplanetary file system) and Ravencoin asset layer blockchain is not capable alone natively of systematically representing mortgage, tho, proof of promise can be used with a land registry approved workflow to programmatically generate a type of mortgage or tenant contract. Many compare Ravencoin to EVM, perhaps incorrectly, since there are very different technologies and approach. If anything it should be understood that Ravencoin has many uses where EVM would not be suitable, or ‘over expensive’ – in other words – one problem with over engineered solutions of other blockchains comparatively to Ravencoin is it takes away the diversity and creativity of the developer, and really confines them to a strict set of procedures, or a specific development environment. With Ravencoin, it can work with a myriad of languages out of the box, from PHP and MYSQL to really complicated enterprise architecture, and the good thing is people can choose what it is they want. It’s also as performant as Bitcoin, or bitcoin cash, being a fork of the same technology, and therefore means lightning network compatibility. This leaves Ravencoin in the next 5-10 years in a really good place not just for securitized tokens, but for a completely different approach to internet and blockchain devoperations.
In summary, the TLDR is that although ravencoin asset layer is not capable alone natively of systematically representing mortagegs and other tokenized securities, it opens up the doors for developers and new creative, inexpensive mechanisms for what I call the ‘notgotwallstreets’. It cements a fragmented and fragile sociopolitical community, and gives back voting power to business , company and even governmental process, by making it transparent on the blockchain. Therefore the manner in which proof of promise can be used with land registry approved workflow to programatically generate a type of mortgage or tenant contract, social, or governmental agreement. The possibilities. Endless. Surprise!
Systems Infrastructure Eng. & Senior Software Engineer for Ravenland Adam is principle technician for the Ravenland’s operations. Adam’s main responsibilities at Ravenland include Infrastructure & Software engineering, Backend Database Engineer, API engineer & is Lead Developer in the field. Drawing from many decades of experience in telecoms industry at the turn of the century Adam has worked in defense, security and for major ISP’s in the docklands Canary Wharf area. Principle creator of Ravenland, principle investor of the Ravenland community operation. Scientist and electrical tinkerer.