Dock (DOCK)
Project Name: Dock Network
Project Identifier: DOCK
Project Website: dock.io
Project Twitter Address: twitter.com/docknetwork
Project Prospectus Address: You can click here for the prospectus.
A. What is the Dock Network?
Central platforms are in a very important position with the data they have today. Many central companies from every sector aim to stand out with the data pools they have in their sectors. These data can be from all areas of the industry in which they are located. However, companies generally do not prefer to share and store this data.
This is where the dock comes in. The purpose of Dock Network is to promote data transfer between platforms by introducing a protocol that will solve this basic data stacking problem. The Dock ensures data security through the Ethereum main network and uses the Dock's local token DOCK to exchange data between applications.
What Does the B.Dock Network Offer?
Dock Protocol is a decentralized data exchange platform that provides data exchange. Dock aims to share all kinds of data, including business experience, personal views and professional connections. In central institutions, user data is located in a single institution, which prevents many new industry initiatives in accessing data. Since companies want to use their data to provide competitive advantage to their competitors, they prefer not to share this data.
Dock Network aims to solve this problem for companies by classifying the data in this regard. With the technology it offers, Dock Network ensures that the data is shared equally on the Dock Network platform. Using Ethereum blockchain technology, Dock Network also provides its users with the control and security of data through blockchain.
Anyone can join the Dock Network platform and easily move their data to applications on the network. The current working status, work experience and interviews of the users will be included in the applications to be updated continuously. In this way, there is no need for a separate update for each platform. Users will choose where and in which applications to share their signed and verified data and control their own data.
C. Dock Network Technology
Dock Network uses the open source code standard to link data to blockchains called Chainpoint. Chainpoint is a global network used to link data to the Bitcoin blockchain. Chainpoint was originally developed solely to link data to a single chain, the Bitcoin blockchain. The dock uses a modified Chainpoint feature that makes it possible not only to pin updates of data formats to a single blockchain and incorporate it into a single block, but also to prove that the update was created at a specific block time.
The user is the only party that shares data with the application in a mutual agreement with the application. The only party that knows what the most recent update of the data actually is is the user. The application can only see what the most recent data is, depending on the data the user wants to share. The important thing here is that the application that receives the encrypted data knows that it has the latest version that is publicly watched on the chain. Then the application can use this data freely. After sharing the data with an application, the user cannot control whether the application shares the data with third parties.
Dock Network has chosen the Ethereum mainnet to run all this technology. There are many reasons for this preference. This reasons:
Ethereum has a strong ecosystem and an effective network,
Being one of the most efficient networks in terms of scaling,
Smart contracts and applications can be easily integrated into the network,
It has an easy integration with ERC-20 standards and wallets and exchanges.
We talked about the dock smart contract and protocol working connected to the Ethereum mainnet and the reasons for this preference. Smart contracts in the Ethereum main network meet the "Gas" requirement required for the operation of the contracts with ETH. To use the Dock Network protocol, both users and applications placed on the network need Ethereum and DOCK tokens. Both tokens are important for applications, such as processing smart contracts and sending the actual transactions. For users, they still need both to be able to send snapshots of their latest data.
D. Dock Network Team and Company
Dock Network is managed by a group of industry-experienced founders. Current CEO Nick Lambert, serving in the blockchain area as MidSafe's COO since 2011
