Roadmap for a Controlled Block Chain Architecture

17 Pages Posted: 16 Aug 2016  

Kartik Hegadekatti

Government of India, Ministry of Railways

Yatish S G

Government of India, Ministry of Railways

Date Written: August 13, 2016

Abstract

The K-Y Protocol envisages the introduction of RSBCs (Regulated and Sovereign Backed Cryptocurrencies). In this paper we discuss in detail the establishment of a Controlled Block Chain based on the K-Y Protocol. It is primarily accomplished using the NationCoin system. There are two aspects to the NationCoin system. The software and the hardware aspect. The software necessary to write and run the Block Chain on the hardware is envisaged. The hardware needed to run and sustain the blockchain is then deliberated. A host of institutions have also been envisioned to create, support and run the NationCoin system. The DAR will be the main institution responsible for creating the Controlled Block Chain architecture. The costing, timeline and the interplay of institutions are also outlined.

Keywords: K-Y Protocol, Controlled Block Chain, RSBC, Distributed Ledger

JEL Classification: E51, E52, E58, O38, G18

Suggested Citation

Hegadekatti, Kartik and S G, Yatish, Roadmap for a Controlled Block Chain Architecture (August 13, 2016). Available at SSRN: https://ssrn.com/abstract=2822667

Kartik Vasantmadhav Hegadekatti (Contact Author)

Government of India, Ministry of Railways ( email )

Commercial Department,Divisional Railway Office
Bangalore Division, Next to City Railway Station,
Bangalore, Karnataka 560023
India
+91-9483715544 (Phone)
+91-080-22876111 (Fax)

HOME PAGE: http://hegadekatti.blogspot.in/

Yatish S G

Government of India, Ministry of Railways ( email )

1 Floor, Operations Division
DRM Office, Next to City Railway Station
BANGALORE, KARNATAKA 560023
India
9886601577 (Phone)
08022876111 (Fax)

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