Essentially, the value of the tokens is linked to the amount of data being acquired by third-party applications on Dock.io’s platform. Theoretically, as data acquisition on the platform increases, so would the price of each DOCK token.
Centralized platforms mine and productize data for their own agendas, leaving control in the hands of a few companies. These apps control data at their will, while users and other companies are left with limited opportunities.
This is where Dock.io’s higher vision comes in; people should realize that their data is much more valuable than they think, and whatever price that is usually paid for them is always too low. The best way forward is for people to value data for its own sake.
Over the long term, Dock.io does have an admirable vision for how the personal data economy should look in the future. Ultimately, however, its success depends on getting all the major partners on board its network. Users do not receive any token incentives, only control, and convenience. Hence, if Dock.io is unable to get companies with substantial user bases such as LinkedIn onboard, the project may never reach critical mass.
We’re building an open and connected solution allowing users to truly own their data, and enabling applications to communicate and transfer data. The company has noted on its roadmap that it intends to begin partnership integration in the second quarter of 2018. In the fourth quarter, the company plans to open up the ecosystem to developers and allow applications to be able to share data in exchange for Dock tokens. Developer of blockchain data exchange intended to provide more open and connected internet.
Dock solves many of today’s digital credentialing challenges
Users control exactly what data is out there, while companies are prevented from selfishly hoarding data. DOCK is the digital currency token native to the Dock.io blockchain, as an ERC20 standard token, it’s a utility coin that allows users to participate in the Dock platform. Instead of rewarding users, Dock is giving them control of their data. Unlike in most platforms where the users are rewarded, the Dock platform rewards applications.
The platform gives users the sole discretion to decide on who accesses their data and this is a clever way of discouraging applications from hoarding data. The Dock ecosystem uses the Dock token to incentivize applications to share data with each other. One interesting fact of the Dock platform is that users can share data even when they are not connected to the internet. The Dock token incentivise applications to exchange and transfer data between two or more decentralized applications.
Thus, by allowing users to own and exchange, their data for rewards dock.io tries to align the interests of the users to carefully pick the applications to whom they make this data accessible. Also, each time a user data is sent over to another third party application payment will be triggered within the dock.io protocol. In the Dock.io ecosystem, applications are incentivized via Dock tokens to share information with each other. If Application A created the data, but Application B wants to use it, Application B will have to (indirectly) pay Application A for said data. Dock.io, which just successfully completed its ICO in February 2018, has created an ecosystem which does just that.
Dock.io ICO Review – More Than Just A Decentralized LinkedIn
The Dock.io token (DOCK) will be implemented using the Ethereum ERC20. DOCK holders generate value from the token as a means of currency for data transactions.
- Centralized platforms mine and productize data for their own agendas, leaving control in the hands of a few companies.
- The DOCK token creates a new industry paradigm as applications are now incentivized to allow users to share data vs centralizing and controlling it for corporate benefit.
- These apps control data at their will, while users and other companies are left with limited opportunities.
Apps own and control user information within their platforms. They change rules constantly at their consent and even share user data via partnerships without user’s knowledge. Users have little to no control over what centralized apps do with their data.
A blockchain-based network, Dock.io is a platform that can be used by job seekers and hiring managers alike. It provides a single place to store, post and validate information that is essential to the job hiring process. From your company profile, to the reputation you have built, and the network of connections you have acquired, all of this and more can be stored on the Dock.io protocol.
The dock.io protocol revolutionizes this dynamic by enabling user data to move freely between consumer-facing web apps while providing users with complete ownership and control of their data. Today, dock.io has more than 15 million users in its network. dock.io is committed to helping create a more transparent and connected internet by enabling individuals to take complete control of their data online. dock.io is a decentralized data exchange protocol built on blockchain.
Dock.io is a blockchain based technology that enables users to exchange and transfer data between different platforms. At dock.io we believe in this value being shared between users and apps to create a more connected and decentralized internet. Dock.io is a decentralized data exchange powered by Ethereum.
The platform allows users to share data selectively using third party applications allowed in the user-application contract. Their solution allows users to own and control data and to exchange it with two or more decentralized applications.
We are passionate about the future of work, and believe there are much better ways of doing things than current industry standards. Our goal with dock.io is to continue to push boundaries and make a positive impact. As a part of our mission, Remote.com will be the first application to integrate dock.io, decentralizing users data by giving them complete control and ownership of their data. Thus, dock.io attempts to give users full control of their data while applications receive compensation for data exchange.
Incentives for Users
Rather than being a competitor to LinkedIn, Upwork, and other platforms, dock.io is designed to work with them, allowing users to manage data between all the platforms they use. We have lived and breathed this industry and experienced these issues first hand for several years.
Blockchain is the natural solution to this data hoarding behavior. The creators behind Dock.io want to create a world where users have full control over their data and companies share data with each other, instead of keeping it in data silos.
Most importantly, Dock.io gives you, the user, the control. This app will serve as a connector between networks and apps online, allowing different platforms to communicate, while you control how and where your information is used.
The DOCK token creates a new industry paradigm as applications are now incentivized to allow users to share data vs centralizing and controlling it for corporate benefit. 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 users‘ privacy and control over their professional data to align users‘ interests with third-party applications. Going against conventional expectations, users are deliberately NOT incentivized to share their data with applications for Dock tokens.
The dock.io protocol aims to incentivize the exchange of work experience, reviews, and professional connections and can be expanded to include any type of shareable data. Built on Ethereum’s blockchain, Dock.io is powered by it’s token, DOCK. When information needs to be accessed, the app uses tokens to access it. Conversely, apps receive DOCK tokens when new data is created. A quick background on myself and my cofounder, and our amazing team — we’ve built three platforms in this space amassing millions of users, and of millions in annual revenues.