In recent years, the power of centralization has changed the way people find jobs, build reputations, and even establish networks. However, these central networks have one major downside. All the data is stored at one central point. Besides that, the data is only accessible to those who operate on the network.
Most central systems do not have an incentive to share data because of competition. Besides that, they rely on the analysis of this data to make money. Thus, this leads to competition as each platform aims to gain an advantage over its competitors.
How Dock Will Solve This
The Dock.io protocol aims to find a solution to this problem of companies hoarding data. They will create a protocol that enables the equitable sharing of data on these platforms. This will be achieved using the Ethereum blockchain token model. Via the blockchain, it will let individuals regain control of their data and have the ability to share it across apps.
The token model proposed by Dock will motivate platform to exchange data by making it profitable for all parties involved. It will also ensure that the needs of the user and the platform have been met. Users get control of their data while the platforms are paid for data exchanged.
The Problem Defined In-Depth
The internet revolutionized the job market. Today, professionals change jobs about 12 times during their career. Besides that, more people are becoming freelancers. Today, about 35% of all workers in the US are full-time freelancers. It is expected that this figure will reach 40% by 2020.
These professionals use central networks to find jobs and opportunities to sustain themselves. It is a $2000 billion industry that is controlled by a few players such as Upwork, LinkedIn, Glassdoor, and a few others. They centralize this data, making it impossible for users to move their reviews, experiences, and value to other sites where they can get work. Thus, this causes the internet to become less connected.
One example of why dock.io is the API created by LinkedIn. About 30,000 applications were built based on this API. However, the tech company later announced that they had shut down the API. This led to the death of numerous businesses and the collapse of innovation in the industry.
The developers of dock.io believe that users should be able to maintain control of their data so that they can share it with ease. They believe in being innovative and helping companies achieve this. With the internet and other technology, this can change the world.
The Dock ICO Tokens
The dock.io protocol is powered by the DOCK Tokens. These tokens provide incentives to central platforms to share user data. Holders of the tokens are allowed to vote on possible future uses of the tokens. This is a democratic process, but the developers get to make the decisions.
When an application shares data, it will be awarded some tokens. However, not all data is accepted. This is done to avoid the abuse of the tokens. A central platform will only be awarded tokens if the data it gives out is accepted.