[ANN] [ZAP] Zap.org - Decentralized Data/Oracle Marketplace for Smart Contracts

[koinsuka]

Introducing Zap.org



Smart Contracts Need Oracles. We Developed a Marketplace to Find, List, and Purchase Oracles.


The token sale has concluded.
The main sale period ended on November 20, 2017.



Zap is an open platform for creating, sharing, and monetizing deterministic oracles from data feeds (such as exchange rates, sports scores, flight data, etc.) for use in smart contracts. The grand vision is to reduce the friction in using external data in blockchain-based smart contracts. By taking the hard work out of creating data oracles, Zap is accelerating the mainstream adoption of real world smart contracts. Right now, it is not a simple process to use smart contracts in the real world. We are changing that. With the Zap.Store, anyone will be able bridge the gap between real-world data and the blockchain economy.




The Synapse Foundation was formed to promote and oversee the Zap project, including Zap.Tech, our open source technology stack and Zap.Store, our consumer facing Dapp. The Foundation’s mission is to foster the creation of the world’s best open marketplace for data. The Synapse Foundation was founded by a group led by Nick Spanos, who is one of Bitcoin’s earliest adopters. He founded Bitcoin Center NYC in 2013, a 6,000 sqft cornerstone of the New York City cryptocurrency community, 100 feet from the New York Stock Exchange and serves as CEO of Blockchain Technologies Corp. Spanos was featured in the recent documentary Banking on Bitcoin and has been featured in many conferences on blockchain technology.



Smart contracts and decentralized applications (Ðapps) must be connected with off-chain sources, or oracles, to utilize data from the outside world. But oracles are difficult to create, difficult to access, and difficult to trust. The Zap Store is the first oracle solution to be implemented within an intuitive and user friendly marketplace, matching data providers with smart contract creators.

The Zap project was designed to simplify the process of Dapp developers to find the data their smart contracts need, and trust it on their terms. This allows all parties to a smart contract the ability to agree on the source of data and have faith in the way that the data is delivered.




The Zap Store is building a novel, market based solution to the oracle problem, empowering anyone with data to create an oracle and immediately profit from delivering their data to the blockchain. By designing the Zap Store as a free market, we’re lowering the barrier to entry to the data economy and incentivizing competition between similar data feeds that will select for the highest quality data.

The Zap Store also enables users to trustlessly invest in oracles they predict will be useful in the future, and share in the profits when those oracles are used. This dynamic price discovery assists in further curating oracles, as investors are incentivized to seek out oracles who provide consistently true data.
















The advantage of deterministic oracles (in comparison to crowd consensus oracles, such as those employed by Gnosis/Augur) is that they provide smart contracts with immediate information about the state of the world. They gather data directly from a single source or data feed (e.g. flight info and sport statistics) enabling efficient, reliable, flexible scaling.

Of course, using single source deterministic oracle introduces a new issue: trust. The Zap Store overcomes the security risks associated with single oracles by offering a user-friendly suite of consensus models, so users choose which feeds to trust and when. A user could choose to follow one trusted data feed or only trust the average of a bundle of similar data feeds. By leaving trust up to the users, while allowing data providers to compete in an open marketplace, The Zap Store is providing a deft, market-based solution to the oracle curation problem.








The Zap Project aims to create the first standardized and self-sustained blockchain data layer by offering a three part solution. First, by creating a global, decentralized marketplace where users can publish or subscribe to data feeds. Second, by connecting smart contracts to the oracles necessary for smart contracts to execute. Third, by implementing dynamic, peer to peer economic curation of oracles.

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[Website:] https://zap.org

[Whitepaper:] https://zap.org/whitepaper.pdf

[Telegram:] https://t.me/ZapOracles

[Email:] hello@zap.org

[Blog:] https://media.zapproject.org

[Twitter:] https://twitter.com/ZapOracles

[Facebook:] https://facebook.com/OfficialZapStore

[LinkedIn:] https://www.linkedin.com/company/zap-store

[YouTube:] https://www.youtube.com/channel/UCj53uS32K8UwQCytBwPqmtg

[Reddit:] https://reddit.com/r/zapstore

[GitHub:] https://github.com/zapproject

[Slideshare:] https://www.slideshare.net/zap-store/the-zap-store

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[ben_btc]

Link to original: https://bitcointalk.org/index.php?topic=2045582.msg20375975#msg20375975

[Coinninlingus]

Nicely done Zap Team.  I got my 👀 on you. 

[valestostoma]

Exciting Project underway! Very interested in seeing how the economic mechanism of Bonding Curves plays out in the market place! Ive always been a big fan of Simon de la Rouvieres writings on curation markets.. Good Luck on project, do you have any partnerships or major announcements coming up available to the public?

[koinsuka]

Good Luck on project, do you have any partnerships or major announcements coming up available to the public?

Yes! Be sure to follow us on our social media accounts, as well as our blog to stay up to date on any upcoming events!

[aceptamosbitcoin]

I like your project. Information is the new gold.

Just having a question about your token supply:

Total Number of Tokens: 520,000,000 ZAP
Tokens Available During Sale: 173,333,333 ZAP

Where are going those 346,666,667 token which are off the sale? Why you are selling just 1/3 of all tokens and keeping 2/3?? It's too much.

[koinsuka]

Taken from our whitepaper:

[TheFrenchGuy]

The store looks pretty good, I like that.

Any bounties available?

[koinsuka]

As of now we are offering bounties for translations; on both the whitepaper and website.

We are considering other bounties to offer down the line.

[Dasengineer]

Can I Reserve Russian Translation?



Previous tranlsation https://bitcointalk.org/index.php?topic=2285497.0

[adsabelly]

it's promising. joining this project's ICO is nice investments. i'm sure that because this project has great progress.

[koinsuka]

Can I Reserve Russian Translation?

Sure! Check out the whitepaper.

https://zap.store/whitepaper.pdf

PM me if you have any further questions about the translation bounties.

[Kasper123456]

Looks good! Bumping this thread for you, keep up the good work!

[tripxx]

Interesting project! But why do smart contracts need this data in order to self-execute? Aren't smart contracts already self-executing?

[koinsuka]

Smart contracts currently can only access data that is available on a blockchain. Zap is making it so that smart contracts are able to access data that is collected off-chain, and integrate it into smart contracts through oracles. Smart contracts are self executing, but they are only able to self execute with on-chain data. We are expanding the usability of smart contracts.

[valestostoma]

Smart contracts currently can only access data that is available on a blockchain. Zap is making it so that smart contracts are able to access data that is collected off-chain, and integrate it into smart contracts through oracles. Smart contracts are self executing, but they are only able to self execute with on-chain data. We are expanding the usability of smart contracts.

I see your team owns the Patent #US9608829- System and method for creating a multi-branched blockchain with configurable protocol rules. AKA SlideChain..
Is this the how ZAP is able to allow smart contracts to access data that is collected off chain and integrate to smart contracts through oracles?
Can you please elaborate on how the patent comes into play on the ZAP platform/marketplace?
Thanks in advance

[kamikadze69]

I think this is nice project sir, can i reserve for indonesian translation ?

[ben_btc]

We will get in touch if/when we begin doing translations. Thanks

[luksbit]

And what would be the value of the soft cap? This project has as one of the objectives to publicize and sell tokens of other projects?

[GoldyFund]

I request Indian translation if you have it sir