Dock (DOCK)

The exchange rate of one DOCK at 15:30 UTC is 0.02934$

Chart | Average rate

“Dock” is a platform that allows both users and companies to set up public or private access to information, as well as the ability to create and manage credentials.The platform runs on the Ethereum blockchain. It is one of the first companies to use the Verifiable Credential Data Model (VCDM).

Dock provides organizations with open source tools to help them build credential validation applications. Users have full control over the applications they want to connect to and how those platforms receive or view their data - whether encrypted (in which case the application needs to request permission to view all data) or unencrypted, which can be accessed by the public. The blockchain, which is currently based on Ethereum technology, records these relationships using smart contracts, and the information is stored as hashed files on different nodes to avoid blockchain overload and reduce transaction fees.

Dock was founded in 2017 by Nick Macario, former CEO and co-founder of “Remote.com”, and Elina Cadouri, who was CEO and co-founder of “Outsource.com”. The company is headquartered in San Francisco, California, although the core team members are scattered around the world.

The “Dock” token also has many applications built on the Ethereum network.

Some of the important use cases for Dock are:

1. Transfer of user data on the Internet. Today, user data is used in almost every application that a consumer encounters on the Internet. Applications that use your data must communicate and interact with each other so that there is no problem of multiple data and does not require manual data transfer. In Dock.io, the protocol solves this problem as an open network, which leads to a revolution in how applications communicate with each other.

2. Voting system based on tokens. One of the key benefits of the ERC 20 token is that it allows token holders to participate in the voting process. Dock token holders can make new proposals and vote on the future protocol development roadmap. The roadmap of any open organization is a living, breathing document that is not ossified in its structure. In fact, the future of the protocol is in the hands of token holders, who have the right to influence and be heard about the direction and future of the protocol, which creates a truly decentralized economy for data exchange on the Internet.

3. Data access, exchange and data quality assurance. By design, tokens have built-in functionality for data exchange and data quality assurance.

- Applications use Dock tokens when users want to access data on their platform.

- Applications are rewarded with Dock tokens when users create new data to share via the Dock protocol.

- Data quality is ensured by the fact that apps are only rewarded when other apps accept data.