iCash News
The iCash Proof of Trust Protocol assures the validity of smart contract settlements

PROOF OF TRUST

iCash introduces the Proof of Trust (PoT) protocol as a multi-platform blockchain application that enables real-world inputs to be validated by decentralized participants in settling Smart Contracts at scale.

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PoT Protocol
The nature and scale of blockchain activity necessitates trustworthy inputs.

The most celebrated aspect of blockchain technology is that information is stored in an immutable ledger without the need for a central authority or intermediary. Despite this, not enough attention is paid to the negative impact created when an input to the blockchain is not trustworthy. iCash introduces the Proof of Trust (PoT) protocol as a multi-platform blockchain application that enables real-world inputs to be validated by decentralized participants in settling Smart Contracts at scale.

While Proof of Work and Proof of Stake provide distributed trust for data storage, the introduction of PoT provides distributed trust for data input. By adding a trustworthy application protocol layer, real world interaction and events can be verified before being entered into the blockchain. 

Proof of Work & Proof of Stake Based Systems

  • Blockchain offers immutability of computation and immutability of data
  • There is no mechanism to identify rogue data
  • With the irreversible nature of the blockchain this creates risk
  • “Proof of Work” and “Proof of Stake” cannot detect incoming data anomalies
Proof of Trust Based Systems

  • A separate layer of trust ensures that the data is reliable
  • The applicability of smart contracts multiplies with existence of such a layer
  • Proof of Trust (PoT) adds protection against rogue or incorrect data/inputs
  • Proof of Trust validates data/inputs
iCash Regulatory Approach
iCash works with legal and compliance counsels Wilson Sonsini and Deloitte & Touche to ensure compliance under current US and international law
  • Canada
  • United States
  • Israel
  • Saudi Arabia
  • United Arab Emirates
  • India
  • South Korea
  • Japan
  • Hong Kong
  • Singapore
  • South Africa
  • Ireland
  • Germany
  • United Kingdom
  • France
  • Poland
  • Luxembourg
  • Switzerland
  • Australia
  • Russia

iCash has secured local counsel and regulatory guidance across 20 jurisdictions to ensure compliance and accept investors

*Tokens are not currently available for sale in Canada, the UAE, Saudi Arabia or Japan due to local regulatory requirements


Roadmap
Our Strategy and Project Plan

2018 Quarter 1

(a) iCash legal & regulatory compliance established

2018 Quarter 2

(a) Protocol development begins

2018 Quarter 3

(a) Token Sale
(b) Design

2018 Quarter 4

(a) iCash testnet launched & partnership announcement

(b) Design

2019 Quarter 1

(a) SEC 1st filing complete

(b) Version 0.6

2019 Quarter 2

(a) Proof of Trust protocol launch

(b) Version 0.7

2019 Quarter 3

(a) iCash token freely tradable

(b) Version 1.0

2019 Quarter 4

(a) iCash token freely tradable

(b) Version 1.0

  • 2018 Quarter 2(a) Protocol development begins
  • 2018 Quarter 4(a) iCash testnet launched & partnership announcement
    (b) Design
  • 2019 Quarter 2(a) Proof of Trust protocol launch
    (b) Version 0.7
  • 2019 Quarter 4(a) iCash token freely tradable
    (b) Version 1.0
  • 2018 Quarter 1(a) iCash legal and regulatory compliance established.
  • 2018 Quarter 3(a) Token Sale
    (b) Design
  • 2019 Quarter 1(a) SEC 1st filing complete
    (b) Version 0.6
  • 2019 Quarter 3(a) iCash token freely tradable
    (b) Version 1.0
Our Team
An institutional team with institutional quality leadership, vision, and a track record of building and scaling businesses
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Will McDonough
Founder and CEO

Will McDonough is an investor and entrepreneur, led the $825mm IPO for Atlas Mara on the London Stock Exchange, co-founded the Goldman Sachs Builders & Innovators Summit while at GS, and has built and scaled businesses over the last 20 years for some of the worlds most known people.

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Ling Qing Meng
Chief Technology Officer

Ling Qing Meng is a software engineer that develops blockchain applications and infrastructure. He’s helped companies build architecture that creates new markets possible only now through permissionless end to end exchanges of value.

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Jonathan Malveaux
President

Jonathan is an investor, advisor and entrepreneur with 25 years of experience in the US, Japan, Korea and China. Previously, Jonathan held positions at Deutsche Bank, Credit Suisse, and Latham & Watkins. Jonathan graduated Harvard College, Columbia Law School and Columbia Business School.

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Lily Fowle
Director of Operations

Prior to iCash, Lily worked in various operational capacities at Viacom as well as multiple tech start ups.

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Max Fraad-Wolff
Chief Economist

Max joins the iCash with almost two decades of financial markets’ experience. He was the Market Strategist at 55 Institutional and teaches economics in the Milano Graduate School, NYC. He was among the first Wall Street analysts to value LinkedIn, Facebook, Twitter, & AliBaba.

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Donald Payne
Chief Compliance Officer

Prior to iCash, Donald served as Risk Management Officer at the $75 billion State of Massachusetts Pension Reserves Investment Board (MA PRIM) and co-led MA PRIM’s first Direct Hedge Fund Program helping invest $4 billion into 21 Direct Hedge Funds.

Yuan
Yuanzhang Song
Enterprise Architect

Yuan has been an Enterprise Architect in the Telecom, Banking and Insurance industry for over 25 years designing & building complex multi-tier distributed enterprise solutions.  Yuan has extensive experience in leading Cloud transformation programs across different domains and has lead engineering teams in several startups.

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Archana Dixit
Blockchain Architect

Archana is a founding member of Blockchain startup Everledger. She is a leading engineer within the Blockchain industry and has an extensive track record of leading the end-to-end delivery of large-scale technology-intensive programs in emerging technologies. Archana is an accomplished expert on multiple Blockchain platforms such as Ethereum, EOS, Neo, HyperLedger etc.

Anant
Anant Tapadia
Product Manager / Crypto SME

Passionate technologist who believes in marrying the disciplines of computers, finance, economics and cryptography on open blockchain platforms to produce revolutionary products and solutions. Prior to joining iCash, Anant has helped many companies onboard onto this alternate decentralised financial platform of the future.

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Div Prakash
Head of Engineering

Engineering Leader in IT with specialization in Insurance and Telecom segments. High-energy, versatile, hands-on leader who has also led Software Architecture, Design and Next-Gen teams to build adaptable, scalable, and high performance software.

Mandana
Mandana Dilmaghani
Service Design Lead

As a designer Mandana bridges the gap between people and the world around them and responds to design opportunities through a human centred approach and innovative thinking. Mandana has gained experience in diverse sectors through projects with Sainsbury’s, Royal Bank of Scotland, the ICAEW and Jaguar Land Rover, to name a few.

Prasanth
Prasanth Kancharia
Lead Business & Technical Analyst

Designer by heart and technology enthusiast, currently working on developing ‘customer friendly real life’ financial applications. Has experience in converting questions into actionable set of problems and design experiments to find the most appropriate solution.

Team Pedigree
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