Author Topic: idea WBA - Work Backed Asset  (Read 659 times)

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Offline btswolf

idea WBA - Work Backed Asset
« on: March 15, 2016, 09:22:45 am »
What do you think about a WBA - Work Backed Asset (not sure if that's the best name).
Imagine every organization that needs computing power could use a BitAsset instead its own chain/network.

Create WBA -> define pay rate etc. -> set task/source
Users could choose which project they like to support with their own computing resources by just selecting it.
This would attract many organizations that need computing power but are not willing/able to develop/maintain their own alt-coin chain.
And people had a one-stop shop to select between dozen of WBA's to earn from.

field of application
* health care sector
* astronomy
* math
...

thoughts?

Offline xeroc

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Re: idea WBA - Work Backed Asset
« Reply #1 on: March 15, 2016, 09:32:10 am »
How would you compete against [email protected] and all those existing platforms where people donate their resources for free?
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Offline btswolf

Re: idea WBA - Work Backed Asset
« Reply #2 on: March 15, 2016, 09:42:03 am »
Well there are some projects that get free resources from their community but there is also a huge market for computing resources like AWS, Azure etc.
I believe there is a niche in between.

Offline luckybit

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Re: idea WBA - Work Backed Asset
« Reply #3 on: March 15, 2016, 09:42:42 pm »
This is a good idea but it would take a lot to build a computation market into Bitshares. I support the idea but I think it's something for Bitshares 3.0.

This is not a new idea. Ethereum has a computation market in development, SAFE Network intends to have one, Ceptr is one, Tauchain is one, and you have Enigma trying to do it on Bitcoin.

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Offline btswolf

Re: idea WBA - Work Backed Asset
« Reply #4 on: March 15, 2016, 10:23:46 pm »
This is not a new idea. Ethereum has a computation market in development, SAFE Network intends to have one, Ceptr is one, Tauchain is one, and you have Enigma trying to do it on Bitcoin.
Cool, did't know the competition in this field is already so hot.