[Crypto Currency] Origin Protocol - introduces a block chain to the shared economy.
The Origin Protocol introduces a block chain to the shared economy, aiming to become a new standard and platform for trusted transactions, with the exception of third parties. Instead of getting rid of the matchmaker, you might consider yourself acting as a matchmaker.
The shared economy refers to the economic system based on cooperative consumption, in which several products are shared and produced. It refers to the shared consumption of goods, production facilities, services, etc. that are borrowed as much as necessary without the need of an individual, and lend to others if they are not needed.
It is a concept that is symmetrical to the commercial economy. In the future, it is expected to be a collaborative shared economy from the commercial shared economy. There is an advantage that the owner can increase the efficiency and the buyer can use the low price.
Uber, Aribnb, Postmates, Doordash. Of course, in recent years, there have been reports of companies that have become discredited, but they are companies that represent a shared economy.
KB predicted that the market would increase by about 20 times to $ 15 billion in 2013 and a potential value of $ 335 billion in 2025. The European Union also started to introduce a shared economy, Will account for 10% of GDP in 2020 and 20% of GDP in 2025, with annual growth of 40%.
The Origin Protocol is based on Ethereum. Origin Protocol users will receive records and IDs based on ERC-725, and Origin Token will be based on ERC-20. The transaction data is stored in a block chain and contains metadata such as product, description, reputation and review. Stored in an Interplanetary File System (IPFS) and password-linked to the Smart Contract. This approach increases scalability and minimizes computing and storage costs. The token is
For data stored in IPFS, create a data object in the Frontend DApp, create an IPFS Contets Hash, and store it in a block chain. This hash is a unique record for referencing external data, allowing information recorded outside the block chain to have data integrity.
There is an object called JSON in the IPFS Gateway, and it exists in standard, validated and conformable form. An optional signature from a trusted third party verifies the identity and provides a list of IPFS nodes to people with hash information around the world. The provided list will be sent to the Smart Contract with the specified rules and information.
With Fronend DApp, you can connect to the Open Source Indexing server of your choice to search, filter criteria, check with IPFS hash, pay to Smart contracts and make reservations. If this booking is valid, the payment will be complete, including the escrow.
When price fluctuation becomes a variable, Oracle is introduced to set the exchange rate. Finally, users are presented with the legal currency of their choice and pay the corresponding Crypto Currency. We will try to avoid the failures by introducing various Oracle, but you can also develop a fixed value coin if necessary.
Traders are encouraged to use communicative means to communicate with each other and to disclose information about the company. Instead, it is recommended that transactions use verifiable channels. If mediation is required, you can select a multi-signature messaging channel.
It is recommended that evaluation and feedback be done once the transaction is completed, which is stored in IPFS and the Contents Hash is stored in Ethereum. Once you build up your reputation, you'll get a reputation that will lead to more deals.
The cancellation, refund, escrow service, etc. of the transaction are the setting area of the seller and apply according to the reservation of Smart Contract. Exceptions must be handled by traders outside the block chain.
The Origin Protocol Roadmap.
May 2017 creates a basic concept for DApp development.
In September 2017, I will make a white paper about the Origin Protocol.
December 2017 Ethereum Testnet releases alpha version.
In the second quarter of 2018, we will create a publicly available beta version and start selling the community.
Q3 2018 tokens distribution and 3rd party DApp release.
2019 launches fully decentralized services and governance.
Origin Porotocol Team.
Josh Fraser was the CTO and founder of Eventvue, CTO of Curio Solution. He was CEO of a company that improved the speed of the web called Torbit, and after he was CTO of a company named Din, he became the founder of the Origin Protocol.
Matthew Liu was a PM from Bonobos, an e-commerce company acquired by Wal-mart, and a corporate PM from Qwiki, which was acquired by Yahoo. I am the founder of Origin Protocol.
Stan James is a Senior Engineer at Origin Protocol. He was a mobile developer at Sphero, a developer of Revelvant Play, and involved in software and hardware technology development.
Addison Huegel worked for the Ethereum Foundation and Evcon1, as Marketing Advisor for the Republic Protocol, and for Head of Communication at Ziliqa. He is an advisor to Fundrequest and an advisor to CryptoCurve.
Melody He is a partner and founder of the Spartan Group and a GM of AngelVest Group. He has a lot of experience as a new start-up partner, including being an investment partner for the Mobile Only Accelerator.
Paul Veradittakit is a partner at Pantera Capital and an advisor to the AI Foundation. He is also an adviser to Orchid Labs and is involved in various block chains such as Icon and EnigmaAlchemin. He is also an Advisor to the Blockchain Education Network.
You can see the decision to invest in the Origin Protocol.
HASHED, Pantera, Spartan, Omisego, etc., or in the Crypto Currency market.
ShapeShift also participated in the investment.
The Origin Protocol is intended to be a commercial platform based on Ethereum, which creates an Origin Token based on the ERC-725 based user ID and ERC-20. In particular, we aim to help pay for the rewards that make up the shared economy through Origin tokens, and to facilitate the development by providing a platform for the Origin Protocol instead.
The fact that the notion of sharing is spreading globally is widespread, and the market is evolving by creating cost savings and new revenue models through it. As the size of the market and the number of companies seeking to enter the market grow, there will be more and more places to look at or use the Origin Protocol.
While it may be a problem that the prices for the actual products being sold are changed in real time through the Origin tokens, there is also a development plan for Stable Coin. If you want to fix the value of the Fiat sales and evaluate the value of the settlement moment, I wonder if the problem can be solved.
The biggest problem, too, would be the formation of a market that uses the Origin Protocol. I think you can get a better reputation in the market if you come up with more specific ways of marketing what to do in the future, how to advertise to people to use Origin, and how to benefit from using it.
I think Pantera or Hashed decided to invest in this possibility, but the Origin Protocol team is a bit worried because of lack of proven expertise in such marketing.
Origin Protocol: https://www.originprotocol.com/
Telegram: https://t.me/originprotocol
Discord: https://discordapp.com/invite/jyxpUSe
Medium: https://medium.com/originprotocol
Twitter: https://twitter.com/originprotocol
Instagram: https://www.instagram.com/originprotocol/
Facebook: https://www.facebook.com/originprotocol
Reddit: https://www.reddit.com/r/originprotocol/
I have analyzed based on white paper and published information. Since there is no information that can be verified, it is recommended that individuals conduct further analysis and proceed with their own discretion.
I do not encourage individuals to invest, they share information only for reference.