Introducing Blockchain

As many people are now aware, the Integrated Engineering Blockchain Consortium is moving forward with building it’s native blockchain designed specifically for the engineering profession.  Much like other blockchains such as Ethereum and Litecoin are cloned from Bitcoin proof of work consensus protocol, the IEBC chain will be developed from the Bitshares-Steemit-EOS ecosystem with cross chain capability but native token generation in a proof of stake consensus  protocol.


The much anticipated Token Launch


The IEBC intends to release a simple native blockchain as a demonstration prior to public offering.  In this manner, we can measure the utility and incentivize early adoption rates among our launch demographic of customers.  This step helps to adjust parameters somewhat to adequately represent an engineer’s investment – something we take seriously.  This strategy is expected to drive a relatively high initial adoption rates and WoM marketing among engineers.


Token Generating Event (TGE)


The details of the TGE such as the number of tokens to be issued, the total number available, and the ratios of allocation are not published at this time.  The name of the application and the name of the token(s) are not being revealed at this time as well.  Please contact us if you are interested in participating in any preliminary activity.


IEBC Blockchain Use Cases


The complete feature set of the IEBC blockchain application is expected to be extensive, wide ranging, and consequential to the built environment.  However, the first roll out will be a very simple application intended to achieve certain structural goals.


In General, engineers will make claims to a decentralized ledger and tag those claims to an organic decentralized taxonomy.  They will be awarded tokens representing both tradable token value and non-tradable reputation value. Other engineers will validate these claims by staking their own reputation on the originating contributor.  This will increase the holdings of the contributor and the validator while laying down nodes and branches of a valuable network of global engineers.


Marketing the IEBC Blockchain


For the first “alpha” release we will describe 3 use cases: 1. Global CV, 2. Intellectual Property, and 3. The Moon Shot.


1. Global CV


The first example can be demonstrated by what we did with In the bio section for myself and Duane, you will find our chronological resumé, but you will also see a number of representative projects. Basic marketing. A photo, vid, and short description, whatever. Each would be a stand-alone entry (claim) that another engineer would provide adequate comment such as “Yes I worked with Duane on this project and I attest that he was the project engineer and for more information follow this link and by the way here is my transaction record which has similar stuff so I know what I’m talking about”.


The user will tag their entry in the way they would like it to be found in a search. However, over time a taxonomy should form. For example, a tag strategy for a jet engine would be mechanical, combustion, turbine, propulsion, aircraft. It would not primarily be the industry nomenclature such as, for example, “ATA Chapter 61” nor would it be just ‘Jet Engine’, although these terms may be included.


In future renditions, we are trending toward AUPoT (anonymity until point of transaction), but for now the example provides the model that we’ve been testing for several years, and it seems to work in our market.   So that’s the use case for “Global CV”.


2. Intellectual Property


The IP case may be a person has a great invention in a dynamic technology and wants to establish first usage. Patents are awarded to first-to-file in the US, however, courts have defended first use (e.g., Winklevoss v. Zuckerberg). By having others validate an invention, this helps to establish utility and strengthen originality timestamped on a blockchain, while possibly attracting investment.   Such a record my provide a claim on future revenue or ability to get a job for a competitor, or to establish prior art in the patent or copyright system. After all, it may be worthwhile for someone else to take the risk and expense of commercializing your invention, as long as you can retain your fair share of the revenue and associated tangential applications. That’s the use case for IP


3.  Moon Shots


In all honesty, the Apollo moon landings found a dry, cold and barren place with little commercial utility.  However, the technologies that were discovered and commercialized as a result of the moon shot gave us the age of information, the technological revolution, the Internet, and even blockchain technology. For example, the Space Shuttle computers reach consensus (First described in the 1960’s) by a protocol similar to Byzantine Proof (first described in 1980’s).
Suppose XYZ Foundation is sponsoring a contest to build space elevators and needs to understand probability of success, technological barriers and social implications of doing so? Engineers will contribute articles and opinions while also creating the taxonomy for such a project.  The taxonomy reveals who else is tagged to related claims and disciplines while also revealing alternate applications for new technologies.  So even if the moon-shot is a dud, the road to getting there can launch entirely new industries, applications, and world changing technologies not unlike Apollo.


Network Value

Each of these initial use cases results in an important structural component of the Global Engineering Network. The Global CV lays down the foundation for initial Identification, accreditation, and certification system for nodes in the network.  After a few short entries, the transaction records of one person would be unique and indelible thereby serving as a unique quasi-anonymous identifier.  A validated claim is not unlike say, a university accreditation – only the strength of the validation differs.  After several independent validations by similarly identified persons who stake their reputation on the claimant are memorialized on a blockchain, then certain competency assumptions may be inferred.  These are the Nodes of the network.


The idea of intellectual property is familiar to everyone in the form of patents, copyrights, trade secrets, NDAs and non-compete contracts. IP not contained by some legal construct does not have monetary value.  One way to change this is to assert the likelihood that a person would be able to execute a particular business plan in the future.  Again, transaction records may be used to establish such probabilities.  By claiming intellectual property on a blockchain and having those ideas validated by others, we can now lay down the foundations of “Branches” to connect the nodes in our emergent engineering network.


The third part, the Moon Shots, are perhaps the most important.  These create the create the decentralized taxonomy upon which future innovation will index against.  For example, an engineer in one industry would have difficult transitioning to another industry, because each industry has it’s own set of key words (taxonomy) that, in effect, filters out equivalence and thwarts professional mobility.  In this manner, the engineer is effectively sequestered in place and powerless to improve their position. However, if those two different industries used the same term meaning the same thing, then an engineer may be able to transition, cross pollinate, and introduce tangential innovation across industries thereby improving both industries as well as their prospects for sustainable employment.

Comparative Value

When someone from the outside needs to solve a technical problems, they have a few choices:  They can pay a head hunter 35% of first years wages or outsource HR to a non-engineers scanning  Off shore sourcing has it’s own set of challenges – in most cases, your engineering team is just swapping one set of problems for another set of problems.
By contrast, the Coengineers network provides a reliable identification, an immutable references, and validation by other engineers who are qualified in the field of the claim. There is little or no incentive to cheat since the cost of creating a successful forgery who exceed the cost of doing it correctly.  The benefit of a hacking the system would be less than the benefit of offering one’s creative services honestly.
In reality, the value proposition is much more complex. The database will be able to predict with a numerical probability, the likelihood that a person or team can execute a business plan. No bank, insurance company, corporation, engineer or entrepreneur will make a bet without odds.  The database produces those odds and may usher into existence a financial instrument.  Now let the show begin.