Bitcoin proved the viability of a decentralized, peer-to-peer digital currency. Ethereum demonstrated the demand for a world computer that can support decentralized applications, that is, applications that don’t rely on a central authority. However, widespread adoption of these platforms isn’t currently possible because they don’t yet scale.
RChain’s blockchain is designed to be scalable from the outset. RChain is the brainchild of Greg Meredith, the mathematician and developer who created Rho Calculus, architected Microsoft’s BizTalk Process Orchestration, served as CTO of Synereo Ltd. through December 2016, and now is President of RChain Cooperative. Greg also advised the Ethereum Foundation and is collaborating on aspects of the Casper proof-of-stake protocol with Vitalik Buterin and Vlad Zamfir.
Meredith designed the decentralized, general computation platform for building secure applications that will aim to address a variety of social, political, and economic problems. He is especially motivated by those issues that are global in scope and that will be made more tractable by a platform capable of coordinating human activity at a larger scale than a nation. Problems that he hopes to address include climate change, environmental sustainability, poverty, and disruptive monetary/trade policies, among others.
The open source RChain Platform is being developed by the RChain Cooperative. Many dApp projects built on the platform will be developed by RChain Holdings, the for-profit entity of the project. Both are based in Washington State and have team members around the world.
