Building on the hypothesis that the essential attribute of money is that it cannot be counterfeited, a process was developed and implemented to provide for the detection of counterfeits. Assuming the hypothesis “money is data” is true, a monetary system was designed to give its money integrity in the same way that a database would be designed to give its data integrity. To achieve the general goal of data integrity, a redundant and robust system of clouds governed by a consortium of independent multinational organizations was designed. The end result is called RAIDA. It should be noted that a patent was filed for Cloud-Based authentication systems, a “CloudCoin Consortium” was created and a digital currency was minted and deployed in the RAIDA.
May 1, 2020