Instructive guideline for blockchain e-Auction
150 USDCartoon animation video needed for instructional guideline.
I need an animator (cartoon) who could build up a short clip about the decentralised e-Auction system architecture and the purpose of use.
Ukrainian platform for state e-auctions on a blockchain. The source code is available on GitLab, and the platform integration manual has been detailed in the public note.
The aim of the project is to build up a transparent, decentralised e-Auction system for state property privatisation and lease, for minimising the existing corruption and mismanagement risks, reduce the state budget expenditure and give barrierless access for participation in the process.
The project is run by Georgian reformers team from the Innovation and Development Foundation NGO in partnership with Distributed Lab. However, there are many other contributors to the project: Oschadbank, Privatbank, Unitybars and Microsoft.
According to e-Auction’s draft concept, the consensus model is based on Proof-of-Stake. The “nodes” will usually act as private trading platforms, providing interfaces for auction participants and auctioneers. However, if you don’t trust any service provider, it is possible to set up a personal node, pay the participation fee to a bank client provider and start bidding. In the Consensus, the weight of each node will be determined by the sum of standard entry fees paid by participants to particular trading platform.
Entry fees will be paid by participants to trading platforms and might be specific for each lot and platform. Entry fees and integrated additional services will incentivise nodes to sustain the blockchain system and provide their services. At some auctions participants will have to provide a guarantee deposits if they take part in an auction with a significant starting value. Thus the economic mechanisms (Deposits, Participation fees, which as well serve as a KYC) can effectively prevent spamming.
Payments are verified via integrated API of bank accounts that received the participation fee, the transaction ledger is signed electronically and afterwards used by the protocol to identify the weight of the nodes.
Auction organisers and investors can be connected via trading platforms or using client-side apps under monitoring of NGOs and general public.
The project’s code is open source and “docker file” for launching an e-Auction node is publicly available.
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