Detrust Official Thread
Rebuild Business Trusted Mechanism
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[2018-03-17] The Global Debut of Detrust White Paper
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What is Detrust?
Detrust, a decentralized network returning data ownership to individuals, is committed to creating a distributed “personal digital value” ecosystem based on blockchain. For a long time, personal data has been kept and used by third-party centralized institutions, while data creators is deprived of this right. Empowering personal digital value, Detrust returns personal data back to people and provide abundant scenes that can use digital life.
Detrust protocol includes distributed data storage based on digital stream, decentralized machine learning model, and private smart contract. Created by an elite team of financial blockchain from North America, the non-profit foundation was founded in Singapore. It aims to become an independent and democratic governance organization for all members of Detrust’s shared ecological community and to promote Detrust’s ecological development, operation and promotion.
FAQ1. What is Detrust?Detrust meets the demands of various applications by creating ultimate abstract base layer (storage, encryption, authorization, etc.) facing personal credit data information , algorithm model layer based on personal artificial intelligence and built-in Turing complete programming language and centralized blockchain protocols of sMPC (Secure Multi-Party Computing) algorithm sandbox. These applications include: authentication and accounts, messaging and transactions, personal AI, secure multiparty computing, blockchain and mining mechanisms, smart contracts and sandboxes, etc. Developers can create any intelligent applications based on consensus, privacy protection, value awareness, blockchain awareness, which are complete, easy to develop and collaborate.
2. What is Detrust's ecosystem?It includes data system, credit investment system and application system.
3.What does the application system specifically refer to?The application system embraces three specific application scenarios, including self-finance, self-culture, and self-health.
4. How does Detrust's application system play its role?Detrust’s self-finance: Self-finance will be positioned as a financial artificial intelligence (AI)to serve individuals. Empowered financial intelligence by Detrust, each individual can own intelligent self-finance without a threshold.
Detrust’s self-culture:Self-culture breaks the tradition of a single individual cultural competence certification system with education and degree as the core. It integrates the data of traditional cultural level (diploma degree) and individual's daily learning ability to demonstrate personal cultivation, learning ability and progress in a fair and comprehensive way.
Detrust’s self-health: Based on Detrust's distributed security information storage protocol, the individual health data of self-health can be safely and securely stored on a decentralized file system and verified on the chain. After the user has all the control over the data, the personal data can be safely shared, viewed or done with privacy security operations after being authorized by the individual. These data can be used by hospitals, health consultants, fitness trainers, sports coaches, insurance companies, research institutions, etc. Users can even sell, donate, or destroy personal data after de-privacy. The application of self-health will bring a new low-cost autonomous information exchange market.
5. What is DET? What’s the use?Detrust is generated, applied, and managed by individuals. It’s users, developers, and service providers jointly build an individual-based AI information economy network ecosystem. The Detrust agreement issues a token called DET, which is used as Detrust's encrypted fuel to pay for transaction costs.
6. What is the wallet of DET?In order to provide users with high quality experience, technical team will develop a specified wallet for DET.
7. How large is the circulation of DET? How is it allocated?The total circulation of DET is 2 billion. The specific allocation plan is as follows:
Angel Advisor 10%, 0.2 billion Angel Advisor (20% release in the first month, 30% release after 3 months, 30% release in 6 months, 20% release in 9 months)
Private placement agency 10%, 0.2 billion Exchange agency
Exchange issue 10%, 0.2 billion Exchange issue
Team reservation 20%, 0.4 billion The lock-up period is 6 months. Releasing no more than10 million per month after 6 months. It is completed after 46 months.
Mining 50%, 1billion Mining: 25% PoW, 20% DPoS, 5% DAO. The release will be completed in 10 years.
8. Will there be private placement in DET? What is the ratio?In order to complete the economic and ecological construction, Detrust will conduct private exchange exchange activities mainly for institutional investors and legal investors who are qualified to invest in the world. The activities will be exchanged for 0.2 billion units of Detrust's total supply of 2 billion units. The proceeds of Detrust's issuance activities will be used to fund Detrust's R&D, promotion, operations, and deployment. The exchange target is Ethereum for Bitcoin fluctuate wildly recently. During exchange period, the exchange rate of each ETH to DET is 1:5000.
9. Does Detrust have white papers?http://www.detrust.io/file/Detrust_Whitepaper.pdf10. What is Detrust's community foundation?The Detrust project team has set up its foundation in Singapore. The team will work with members of the Angels Advisor team to jointly build the Singapore Foundation to maintain daily operation and report affairs. After its establishment, the foundation selects the appropriate members of the community to join the Foundation's functional committees to participate in the actual management and decision-making. Registered in Singapore, the Foundation will promote Detrust's ecological development, operation and promotion.
11.What is Detrust's foundation?The Detrust project team has set up its foundation in Singapore. The team will work with members of the Angels Advisor team to jointly build the Singapore Foundation to maintain daily operation and report affairs. After its establishment, the foundation selects the appropriate members of the community to join the Foundation's functional committees to participate in the actual management and decision-making. The Foundation will promote Detrust's ecological development, operation and promotion.
You can access the latest developments and news on Detrust on any of the platforms above.
You can post your feedback and advice about Detrust on these platforms well.
We welcome the participation of volunteers from all over the world.
Anyone with expertise and willing to help can get in touch with members of the Detrust team.
With your help, we hope to bring Detrust to a bigger and better place.
