Dock.io

  • Cryptoasset Report
  • October 29, 2018

Dock is a verifiable claims protocol designed to be interoperable across applications, to allow users to make verifiable claims about their data.

Overview

Dock aims to allow users to provide verifiable claims about their data without losing autonomy over said data. Until mid-2019, Dock was focused on the broader aim of data exchange and management but subsequently narrowed its focus to providing verifiable claims, specifically around user credentials. The founding team is responsible for such ventures as Remote.com, the largest job searching site for remote work, presenting the endeavor an established user-base to leverage en route to market. As part of its scalability strategy, Dock also makes use of Plasma Cash which it forked from the Loom Network.

Project Details

The Dock protocol allows entities to issue claims on the Dock blockchain. These entities in the Dock ecosystem are referred to as issuers, while ecosystem participants that perform the issuance of said claims are known as issuing operators. An issuer first submits a request to have a claim issued by bonding an amount of DOCK. Following this, issuing operators compete by bidding on these requests, and the issuer subsequently chooses a bid, paying the operator who then completes the request upon which the request is subsequently reviewed by the issuer. The protocol supports multiple standards for verifiable claims, something the team hopes will drive adoption. Technical details beyond this high-level overview are still forthcoming following the pivot in 2019 from the project towards the narrower focus on verifiable credentials.

The development of Dock has been a slow process, with the project yet to release its testnet (expected in April 2020). Dock decided to pivot from the Ethereum ecosystem and through its on-chain governance procedure has chosen to launch on the Polkadot network, following such a recommendation from Dock’s development team. It appears that Polkadot’s focus on interoperability was a large motivator behind this decision, as it theoretically allows Dock to serve users across multiple networks and ecosystems. Since Polkadot itself is yet to release its mainnet, Dock will initially launch as a Proof of Authority network, using Polkadot’s Substrate framework, with the plan to transition to a Polkadot Parachain in Q3/4 2020. This migration to Polkadot has since been augmented with a grant from the Web3 Foundation, a steward of the Polkadot network, to Dock for the purposes of technical development atop Polkadot.

Asset Details

The Dock token (DOCK), which is currently an ERC20 token has four functions in the envisioned Dock ecosystem, namely: governance, rewards for network contributions, bonding and payments for both issuing and requesting requests. Anyone can submit an improvement proposal for the Dock network and token holders will have a vote on such proposals. Dock’s total token supply is fixed, with no sources adding new tokens.