IS A DEVICE CONNECTED
FOR STORING AND ASSESSING
Similar to a save box, witha minimum 2nd of protection, looks like a coffe vending machine. Measurements: 1.5 meters high, 0.65 meters dee and, 0.8 meters wide.
On the front side there is a receiving tray, similar to the CD tray for CD-ROM. The size of the tray is 15x20 cm. Next to it is a small touch screen and numeric keypad, like ATM.
custody bot contains:
In 1997 Nick Szabo published a paper called «Smart Contracts: Formalizing and Securing Relationships on Public Networks», which many consider the first
text to mention “smart contracts” such as though implemented today in the Ethereum protocol.
In his article Szabo gives an example of a vending machine working on a “smart contract” between buyers and the machine’s owner (creditor):
The Custody Bot is GoldMint’s partnership project with AIRA AIRA to demonstrate the next step in the evolution of “smart contracts.” In our scenario a “smart contract” to issue a loan in exchange
for storage of gold will be made between a user and the machine itself.
For this AIRA will teach the device to work in the Ethereum network, where the robot can enter into a contractual relationship with a human customer.
Working an autonomous economic agent and able to enter into a contract for a certain obligation, the Custody Bot is a model for any number of vending machines that could serve customers in “smart cities” of the future.