Robonomics Network (XRT)

Robonomics Network is a protocol designed to integrate robots into the Human economy. It enables automatized factories and other types of robots to transact with people in a structured manner. The project was founded by Sergei Lonshakov in 2014. After years of development, Robonomics Network has launched its operating mainnet in June of this year, released an operating Beta-version of the platform and is looking to assume the tasks of controlling robotized supply chains by early 2020.

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Interest lvl

NA

Updated: Nov 27, 2018

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User Rating

Medium

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Ticker

XRT

Type

Utility-token

Token standard

ERC-20

Registration year2018

Ecosystems

Ethereum

What is Robonomics Network

Robonomics Network is a decentralized platform designed to integrate robots into the Human economy.

1. A free, open market for services provided by robots. It enables direct, protocol-based communication between people and CPS (cyber-physical systems), allowing the former to purchase services of automated factories in a free market.

2. A decentralized and efficient way to integrate robots into the Global economy. Built on the Ethereum network, it eliminates the need for the redundant intermediary systems (such as Data Centers).

3. An independent quality control of the services. All services are provided under the revision of the Observing Network that checks the logs of CPS task performance and compares them with the requirements of the Liability Smart Contract.

4. An established network of partners and scientific institutions and world-class founders. Microsoft, Drone Employee, MIT, ITMO University, Innopolis University, Boston University, Sergey Lonshakov, and many others.

5. Built-in economic incentives. The elaborate design of the platform is encouraging activity and the user base growth as every transaction on the Network is executed using the XRT utility token, putting it at the core of the process. Robonomics Network will significantly hasten the adoption of services provided by robots into the global economy and make it an everyday reality for millions.

Robonomics platform

We are considering a scheme that allows us to organize a network of robot economics using existing technologies. Based on the results of the experiments carried out between 2015 and 2018, we propose the following: the use of Ethereum as an infrastructure that provides the minimum necessary facilities for combining the technical and economic parameters of the machine’s liability to implement a behavioral model that is coordinated with the user. As part of the Robonomics platform consideration we are:

Ethereum Blockchain transactions and liability contracts

Transactions are sent to the Ethereum Blockchain when supply meets demand in Robonomics, and they fully satisfy each others conditions. In such cases, Robonomics creates a message for the Ethereum platform participants. This message contains the parameters needed in order to create a robot liability contract by the contracts factory.

Robonomics agents operating system

The basic and most important function of the Robonomics operating system is enabling the cyber physical systems programs launch, the parameters of which are set by the user in a smart contract.

The purpose of the Robonomics OS is to provide software to the cyber physical systems, which is necessary to engage in economically meaningful transactions and sending and receiving messages using p2p networks.

Robonomics Token, XRT

The task of the Robonomics token is to ensure the operation of a decentralized network for the maintenance of Smart Cities and Industry 4.0 in the Ethereum infrastructure. In order to achieve this goal, the token economy needs to reflect the incentives for the implementation of the networks useful function by independent providers. These incentives should be distributed between the emission and the commission in such a way as to ensure the capacity of Robonomics in Ethereumdepending on the price of XRT tokenas well as to motivate providers to run the Robonomics program in EVM with the data offered by users.