WEBLOC Protocol develops a protocol to transfer the virtual advertising Alliance from the usual advertising marketplace to the incentivized advertising marketplace.
Idea
WEBLOC Protocol is built on ICON network to help advertising systems build their own decentralized advertising system (reduce the part of middle man) so the advertisers can handle to publish their ads at a very reasonable cost while the consumer can get fair values for their participation.
Human
The WEBLOC Protocol core teams extremely strong will a lot of members who've worked in huge tech firms like eBay, KAKAO, IBM, NAVER and LG. thus, they can bring their sector insights and knowledge to this project. What's very impressive is most of the consultants coming from ICON foundation (ICON foundation is the coin listed 20nd on the Coin Market Cap). The cooperation with ICON technology group can help WEBLOC Protocol group with the block tech and boost the success rate of the plan. In addition, WEBLOC Protocol also teams up with other block labs as the Line Unblock and the Loop.
Technological Explanation
WEBLOC Protocol group believes that every activity contributing to the development of the marketing system should be rewarded. Believing the most excellent platform for pursuing the inter chain system between other many platforms.
WEBLOC Protocol plan is set to establish a public Block based on the ICON program and from a tokenized marketing Alliance. To reach the targets, ICON program's core tech loop chain and its intelligent contract features will be applied for the growth of the WEBLOC Protocol plan.
The Tokens of the WEBLOC Protocol platform
The WEBLOC Protocol platform consists of the following 2 tokens:
- WEB
- WIP(WEBLOC Protocol, Consumer Intention Power)
WEB token plays the vital part of the basic money of the WEBLOC Protocol platform. The value of every token issued on the WEBLOC Protocol system will be evaluated on the basis of the WEB token. WEB can be buying via the trade marketplace or applied as the payment way, defining the marketplace worth and the scale. It's possible to boost WIP or execute ads by WEB token.
WIP can be gained swapping WEB token or contributing in activities participating in the WEBLOC Protocol system. WIP hold by consumers can be swapped back to WEB below certain situations. WIP is the platform money applied in the system to keep the scale of the system and raise the upcoming value of itself as an independent token. Consumers can contribute to the WEBLOC Protocol system by swapping WEB token users into WIP and WIP will be given to consumers according to the contribution.
ICON and Loop chain
BTC is applying the allocated ledger ecosystem practically proving the trustworthy Block techs. Block techs at the first phase were focusing on developing crypto money like BTC, leading to the emergence of many types of digital currency. Though, digital currency was decided not to be applied by actual economic institutions and failed to be applied extensively. It has been just applied as a means of investment via individual coin exchange markets.
In the meantime, ETH began offering an execution environment recognize as the smart agreement based on the block techs, making the usual business fields pay huge attention to block techs. With smart tech, it has become possible to have dealt without the 3rd party. It has evolved Block techs remained as simple trade ledger ecosystem into an app platform. There have been a lot of attempts to realize trades without the 3rd party based on the open Block systems such as ETH and around the economic sector.
Though, the range of trades per second (TPS) is just about 10 to 15. In addition, the trade details have to be disclosed on each node and other problems that needed regulation have existed in the economic field.
Unluckily, there're limits to applying block techs. Accordingly, the enterprise block techs where just approved nodes can contribute were emerged to overcome the limits of open Block techs around the economic field. R3 CORDA and Hyper ledger Fabric would be the exemplary causes for enterprise Block techs excepted to be applied to many places including public sectors, supply-chain management, and finance.
The domain where the enterprise block applied has a lot of needs due to the many tasks and needs governance, having essential for block tech that has many characteristics. This is how the loop chain has started. Loop chain has been designed to become a top performing enterprise block supporting the intelligent agreement. It supports many of customizing functions in accordance with tasks and connected with other self-governing block techs, making it possible to extend the block network.
Loop chain Features
• Consensus: with Loop Fault Tolerance (LFT) that supports Byzantine Fault Tolerance (BFT), loop chain can offer a rapid consensus without separation. Moreover, it can make quicker consensus by linking trusted many nodes into the group. It's also possible to establish many consensus ecosystems by deciding the range of votes for certain nodes and groups.
• SCORE: it refers to the intelligent agreement features supported loop chain. Without a separated virtual machine, it gives a top performing smart agreement feature that runs straightly on the node managing environment. It is an intelligent agreement having top productivity that can be simply coded and working as a separates procedure from the block procedure, supporting many other tasks to develop.
• Multi-Channel: this refers to a feature supporting trade consensus, request, and smart agreements by establishing digital networks named channels for every task inside an independent Block network. In one node, many channels are made for every task to link to the person in charge of the jobs. This guarantees info integrity for any channel and makes a consensus. Furthermore, trade info will be saved just for the trade sides, helping them deal with many regulations.
• Tiered System: when contributing in the Block system, trade details will be identified and protected via confirmation procedure and PKI based certification for every trade. Moreover, it supports a feature to offer power to auditing trades info to certain nodes if essential without contributing in trade.
BTC, the first realization of block-chain is developed to make a consensus for the ledger of each BTC node on the worldwide scale network applying POW algorithm. However, the POW algorithm applied in BTC has issues: inefficient use of power, slow speed, and partial separation on the platform leading to low effectiveness and poor performance to be applied in the environment where the actual time payment is needed.
In order to solve this issue of usual block-chain consensus algorithm, BFT consensus algorithm which has been used for usual distributed state device copying stated to be applied. PBFT is one of the major representatives BFT consensus algorithm designed to make consensus by sharing the outcomes of voting on efficient of data for information consensus.
Tender mint launch DPOS Block Chain consensus algorithm, a changed version of the PBFT algorithm. Furthermore, IBM fabric is a project individual block venture and its version 0.6 picks PBFT as consensus algorithm. Its version 1.0 is a consent algorithm for ordered service trying to make use of SBFT, a smooth version of PBFT consensus algorithm.
LFT Algorithm is a separation of DPOS Consensus Algorithm
Loop chain supports fast consensus without taking apart through LFT that supports BFT. In addition, it can create a quicker consen¬sus by linking trusted many nodes into a group. It’s also possible to set up various consensus ecosystems by deciding the variety of votes for certain nodes and groups.
Competitive Benefit
The concept is already great as both users and advertiser’s advantages form it. Their item can be applied by virtual marketing Alliance that'll boost the demand for the utility token. The group behind the WEBLOC Protocol has fine backgrounds on advertising and tech but they're new in the sectors of the block. Also, with a team of consultants form ICON, they'll have an extremely fine base to take off.
Community
At the time of this post, WEBLOC Protocol Twitter which has almost 500 followers and an announcement of Telegram Channel is the single means of Social media to link with the public. The plan is not much viral yet to the openly however according to the site, the plan already received fund from VCs such as De-Block and Capstone. And with advertising experience from the group, it's sure that the plan will have a remarkable advertising campaign around the Globe.
Products
The program is just founded at the start of 2018 and thus, the only the concept of the plan is written and made available openly in Consensus 2018. The technological solution remains in the very typical idea. Though, the issue will live in July 2018 (already done), and start collecting details.
Team
Partners
Recommendation:
The program idea is not new because there is some other projects that similar plan such as ADHIVE. They try to redesign the marketing sector and try to deliver a clean advertising economy ecosystem: therefore, who actually buy and use the items will get more rewards for their participation.
Though, there's not too many info avails to everyone whether there's collaboration among the group with ICON and VCs group because WEBLOC Protocol team and ICO group LinkedIn profiles are presently not available. With the support of ICO foundation tech, the success chance of the plan will very well and the plan can meet its milestone one the Road map. Before making a final decision about an investment, confirmations of the joint venture have to in place.
For more info about WEBLOC, visit!
WEBSITE: https://webloc.io/
WHITEPAPER: https://static.webloc.io/whitepaper/weBloc_whitepaper_en.pdf
TELEGRAM: https://t.me/webloc_official
MY BITCOINTALK PROFILE URL – https://bitcointalk.org/index.php?action=profile;u=1281298
ICON WALLET ADDRESS - hx0f55035292c81be3d9e08b707a05688d17432ac2