Starchain is free of miners, with no need to use a crypto-currency as an incentive for Users to supply computing and storage for blockchain consensus.
Instead a “Council of Consensus™” is formed from a vetted body of trusted partners with a shared interest in the integrity of the data. Council Members provide computing power and storage in various locations under the control of unrelated IT personnel to provide a pool of separate trusted consensus for private chain systems.
Council design programming includes proprietary and patent-pending method for communications between nodes providing consensus for every blockchain. Servers provide blockchain views locally for expedited operations in a star configuration, hence “Starchain.”
The Starchain design provides an instantaneous mini-consensus for local transactions of any kind, thereby greatly speeding up response time. As a background task, the Star Chamber can then communicate with any slower blockchain to append new blocks.
It’s simplicity, transparency and trust. Think of all the cost, time and often waste that happens in the exchange of value-blockchain rids that from the system.
Jason Kelley (IBM Global Manager for Blockchain Services)
