In keeping with its name, Cryptohorse includes a blockchain element which achieves a number of objectives.
We have adopted the JSECoin blockchain solution which allows us to -
- Store time stamped abstracts of updates of key data on the JSE blockchain. So addition of new horse records, ownership changes, location changes etc can be recorded together with a publicly accessable record of when the transaction occurred.
- The JSECoin crypto tokens are used as the basis for the Cryptohorse reward points system. Points can be earned for performing certain actions on the site as well as being able to be purchased for cash using PayPal.
- Reward points can be redeemed to purchase services available through the site and can also be used for donations to other users.