Process scheduler

Process
scheduler

Is a service that allows a smart contract to call internal functions with a specified time and algorithm. Performing tasks from the Credits smart contract on a predetermined schedule*.

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Scheduled call of smart contract methods supporting the request from a smart contract to a third-party application, server or IT system or actions within a smart contract

Scheduled call of actions within the Credits blockchain network : payment writing off, asset transferring, etc.

Autonomous execution of actions

A scheduler is a service that invokes the smart contract method execution at the defined time. A key element for implementing a wide range of solutions. The user creates a request to execute a smart contract at a certain date and time. The payment occurs after the execution of the specified method and is calculated dynamically, depending on the amount of data stored.

Unlike conventional servers, the blockchain based scheduler provides autonomous, decentralized interaction to perform specified actions on devices throughout the network.

The main advantage is that the assigned task will be performed with the highest possible probability. This is due to the fact that on the blockchain platform, tasks will be performed not on a single machine, but in a distributed network of nodes. This eliminates the risk of failure of one of the servers.

* Expected to release in September-October 2018

Credits technical advantages

The delayed start function is a unique feature among the blockchain platforms.

A large network of replicated nodes distributed throughout the world.

A relatively small cost of the scheduled task, that is paid for in CS.

Fault tolerance is provided by storing information about scheduled tasks on all nodes of the network.

Credits difference

Embedded in the Credits platform cyclic launcher distinguishes it from other solutions. Developers are able to create services with minimal involvement of third-party IT systems. In other words, solutions can be implemented only within the framework of the Credits blockchain smart contracts without third-party servers and systems. This is an ideal and very promising direction for automation and the Internet of things. Thanks to this, you can create working services that will work independently and autonomously, globally around the world.

Use cases

Managing IoT devices without location attachment. Keeping algorithms and other elements in the network will allow implementing reliable, monitoring and control.

Insurance solutions, where it is necessary to verify the fulfilment of a certain condition (insured event) on the appointed date.

Blockchain gambling design, when at the appointed time it will be necessary to check the outcome of the match, lottery or any other event.

Financial services, with write-offs of regular payments, execution of payment or checking account balances.

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