dock.io is a decentralized professional network powered by Ethereum, an open-source, public, blockchain-based distributed platform that allows smart contract functionalities. Dock.io emphasizes‘ and control over their professional to align ‘ interests with third-party applications.
In fact, the main aim of the platform is to allowto retain ownership of massive amounts of professionals’ and information that otherwise are siloed within large tech corporations.
Thus, dock.io attempts to givefull control of their while applications receive compensation for .
How does the dock.io protocol work?
As specified in dock.io White Paper:
The dock.io protocol is a special purpose decentralizedprotocol. This protocol is intended to incentivize the of work experience, reviews and professional connections, and can be expanded to include any type of shareable . In addition, the tokens serve as the proposal and voting utility to guide the evolution of development and changes to the dock.io protocol. All token holders can contribute proposals and vote on changes and updates they’d like to see implemented. Applications receive tokens for . Users will have absolute control over their through the use of a hosted third party service.
In short,such as:
- work experience,
- professional connections
is managed by a decentralized protocol that makes it easy to control by.
Token holders take part in the process of proposals and votes that affect the future strategy of dock.io.
Centralized vs. Decentralized Professional Network
Professionals rely more than ever on centralized platforms to find work opportunities and sustain their careers. This $200 billion industry is controlled by LinkedIn, Upwork, Glassdoor, and others. These platforms centralize , making it impossible for individuals to transfer their hard-earned experiences, reviews, and ultimately their value. As a 4 result, the industry provides fragmented experiences, and the internet becomes less connected.monopolies including
- Anyone can use the dock.io protocol and easily port their to and from participating applications
- Users have access to automatically updated profile information, employment history , and any type of platform in an integrated fashion
- users don’t have to be bound to any single platform for their employment , freelancing, or personal reviews
- It is up to the to opt-into sharing any particular with any specific application of their choosing
dock.io sits on top of Ethereum main chain
1. Network effect and strong ecosystem.
2. Multiple good scaling roadmaps.
3. Easy integration with third-party smart contracts and applications.
4. ERC201 token standard and easy integration with wallets and exchanges.
How is data managed within dock.io?
Put it shortly all theon the platform gets encrypted and it gets decrypted only when the parties willingly will exchange them. This implies control of the by the users that create them.
Users can opt to publish specific unencryptedformats such could include but is not limited to:
1. First name and last name
4. Licenses and Certifications
5. Public contact information such as work email
This, of course, would flow on the web and it can’t be taken back.
How is dock.io reward system organized?
Tokens are used to incentivize the development of the platform. However, as mentioned in the dock.io White Paperare not included in the as this might lead to manipulative attempts and malicious tactics:
Users should not be burdened with worrying about the value of their. If were included in the token economy, they would have to consider microtransactions and payments involving their on a daily basis. By incentivizing applications and not , the dock.io protocol will make the experience as easy as possible. This action will also discourage malicious tactics.
Instead, applications will pay for accessing‘ . Also, each time a is sent over to another third party application payment will be triggered within the dock.io protocol.
As further specified in the Dock.io White Paper:
Thecan only push an update if the application has paid for the previous one. This way we can ensure that in order to continuously receive updates, application will be forced to pay tokens. This is a similar tit-for-tat relationship as in Bittorrent, but enforced by a smart contract. This also ensures that applications always consume all updates and have constant updates.
In other words, this system will make theability to control their , rather than the applications using it. In fact, for several applications to use the same , will have to approve and consent in case they have received the payment by the first app that created .
dock.io: the two-sided market
Dock.io vision is quite different from another blockchain platform, like Steemit:
In fact, on dock.io there is one aim: letcontrol to own and control their . In fact, dock.io does not reward for creating because they believe this would incentivize malicious behaviors that would negatively affect the long-term success of the platform.
Thus, by allowingto own and , their for dock.io tries to align the interests of the to carefully pick the applications to whom they make this accessible.
Also,take part in the proposal and voting process. In other words, will have a say in the future development of the platform.
dock.io founding team
Nick Macario and Elina Cadouri both are serial founders. They also co-founded Remote.com a site with over 2.5 million , connecting millions of professionals with remote and freelance jobs.
As blockchain becomes a more mature technology platform that challenges traditional business model that formed in the last decades are springing up. This leaves space for new ways of monetizing , which are more symmetric compared to the advertising business model, centralization and lack of transparency that are typical of modern tech companies.
In the meanwhile, you can read dock.io White Paper here.
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