iCash is a Team, a Technology, and a Token. All three elements are united in the service of using peer-to-peer Smart Contracts to empower direct and trusted interaction across boundaries with low fees and decentralized authority. iCash introduces the Proof of Trust (PoT) protocol as a multi-platform blockchain application that enables decentralized Smart Contract settlement and validation at scale.
The most celebrated aspect of blockchain technology is that information is stored in an immutable ledger without the need for a central authority or intermediary.
Despite this, not enough attention is paid to the negative impact created when an input to the blockchain is not trustworthy.
The nature and scale of blockchain activity necessitate trustworthy inputs.
While Proof of Work and Proof of Stake provide distributed trust for data storage, the introduction of PoT provides distributed trust for data input. By adding a trustworthy application protocol layer, real-world interaction and events can be verified before being entered into the blockchain.