ICO Review: Dock.io

Web: https://dock.io/

Telegram: @dockio

Whitepaper: Read

Token: DOCK (1 DOCK = 0.067 USD)

HardCap: 20 Million USD

Total Token Supply: 1 Billion

ICO Date: 21 February

Overview:

The dock.io protocol is a decentralized data exchange protocol for the professional industry. It aims to provide a solution for what they term “data hoarding” with current professional networks, which have no incentive, or disincentive to share their data with the competition.

They aim to do this by creating a data exchange that will integrate user profile (work experience, education, location, contacts, qualifications, etc.) from different platforms, and incentivize data transactions/sharing, while providing user complete control over their own data.

For Users, they will be able to synchronize all of their employment history and data in one location. It will be updated automatically as the users update their information in other platforms, and they will be able to control which data moves between different platforms with opt-ins/outs.

For Data Providers and Consumers, providers will be platforms and applications that send individual users data regarding any updates to their information on that respective platform, while consumers will be applications that must pay to access the data.

Furthermore, all data will be fully encrypted and stored using the blockchain, and can only, therein, be controlled by the user with the appropriate keys. The data can only be decrypted when willingly exchanged between parties.

DOCK tokens are going to be used primarily as the currency for data transacting. Token holders can also introduce new proposals and vote on the future development roadmap of the protocol.

Applications will indirectly pay other applications to access their data. If an application pays a flat rate fee to a user for their data and no third party application data is included, such fees (in DOCK tokens) will be burned.

All of the above operate within the professional space with either linking professionals directly, linking employers to potential employees, or providing a decentralized way for professionals to work together. Project have working alpha version.

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