Setting up a personal blockchain
Today I had a bit of an idea. It is essentially setting up my own blockchain to track exchanges on a few compelling items. The concept of ownership and sales is pretty interesting. I used to sell T-shirts that I designed in virtual communities. It was absolutely in the infancy of the economy of selling skins.
I was into the idea of blockchain in the early days. Specifically for the potential positive influences it could have. Very visible and secure transactions could have a positive influence on industry and exchanges. Distributed records could be very helpful in understanding the flow of resources and influence. At the start there were great initiatives around health, the arts, and humanitarian interests. There were also several seemingly lame examples.
Anyway, there is this story about a virtual world exchange where ownership of virtual properties happens. The biggest current iteration of this idea is UPLAND. People don’t actually purchase physical properties. They bid on and sell their own record of owning a Google Maps like listing of properties. You do a search for an address and pull up a listing of the purchase price of that address. If you can’t participate in the real estate game, you can hopefully get your foot-in-the-door on this.
So I am researching the process of setting up a similar system. What would it take to set something up? Would I base my exchange on an existing one? Tie myself to ethereum or bitcoin early? Branch out and find a way to take a variety of cryptocurrencies. Coinbase? Let’s find out.
The first item that came up for me is tying myself to the Ethereum blockchain. Essentially using Asure to crate a genesis block with a hash algorithm and tie it to Ethereum.
Now I am looking at creating an interface for the exchange. My first stop is Code Canyon from Envato Market. A place where organized bits of code are sold for online applications, services, or utilities. It seems that CryptoLab is a good skeleton to base the interface and marketplace on.
In the UK there is CelebDAQ which started in 2002 as an exchange game. There have been celebrities that have asked that their name be taken off that system. It shut down in 2010 and re-launched in 2019.