Has anybody kicked the tires on Railz? Give it a look if you have some time and let me know what you think.

Railz.org I've been following this project for a while. I've participated in a couple AMAs with the CEO on Telegram and I've participated in their airdrops, but I'm here for some independent analysis and review. It's an ERC-20 token with the goal of creating a machine-to-machine negotiated consensus for smart contracts for IoT devices. From what I can understand from reading the white paper and watching the videos on their site, their token would negotiate and execute smart contracts between networks of IoT devices without human interaction. For example, it could allow residential solar panels arrays to negotiate rates for selling any excess power they created. That power could either be sold back to the grid, or to other people whose solar panels can't meet their needs or possibly trade the excess for other tokenized assets on a decentralized exchange. It would all depend on the parameters set out in the smart contracts beforehand. The point being that the Railz token would negotiate the best price for whatever asset it is negotiating without multiple on-chain transactions. I am not very well versed in the technical aspects of how smart contracts work. I understand the basics of smart contracts, but nothing like what this company is trying to do or how it would actually work. Railz claim their throughput is 30x that of Eth. It looks like a really cool idea, but like I said, I'm here for independent analysis and review. Thanks for reading and any thoughts on the project. edited: changed sdex to decentralized exchange for clarity via /r/icocrypto https://ift.tt/2KmYEe8