Dock.io (DOCK) ICO Analysis: A Decentralized Professional Data Exchange ProtocolProject Description
The freelancing scene has been growing steadily over the years and platforms like Upwork and Fiverr have grown to positions of prominence in the market. One of the biggest problems facing this market sector, however, is the fact that users on the platforms do not own their data. What this means is: if you spend a couple of years on a particular platform and you complete a number of projects, get some reviews and some recommendations etc., you cannot transfer the data to another platform.
dock.io team aims to build a platform that, according to them, will allow the easy integration of data from different sources (not just freelancing websites) along with regular and automatic updates. Users on dock.io should also be able to receive updates from multiple websites at once. Furthermore, data providers — the platforms that the data originates from— may be able to send data to a user’s profile on dock.io with approval from the user.
dock.io team claims that all data stored on their platform will be encrypted by IPFS. Furthermore, all the data on dock.io will be updated by the user off-chain; this should serve to assure applications that the data is a continuation of the previous, and that the version being received is the latest available. Additionally, users on dock.io should be able to verify each others’ on-chain data in a manner similar to employees confirming each others’ work experience.
Different applications may choose the extent of their verification requirements. The options that will likely be available on dock.io are: Loose verification — data from the user is sufficient on its own; Mid-Level verification — additional verification from the data source is required; Strong verification — on-chain signing of the information provided by the user is required.
The token, DOCK, is supposed to be used in rewarding data providers — platforms that give users permission to move their data to dock.io. If a platform wants to access user data that was provided by another platform, the former will pay a fee to the latter using DOCK tokens. Now, if a third-party wants to access the data from the “former”, they will pay a fee, also in DOCK; however, to ensure that the total supply of DOCK is constantly reducing, the DOCK tokens in this transaction will be burned.
Remote is expected to be the first platform that will integrate dock.io, and they already have a working product.
https://medium.com/research-center/dock-io-dock-ico-analysis-a-decentralized-professional-data-exchange-protocol-5a2e99d2d845
