Dock.io aim to provide businesses financial incentives to share data, thus obviating data hoarding behaviors that originate from fears of losing competitive advantage. The Dock protocol will be open, allowing anyone to port an application into the distributed data exchange or to port data across applications. Dock.io thinks the overall utility of user data will increase should data exchanges reward data providers in ways different from existing paradigms. Dock.io users can opt-in to sharing their data with specific applications whilst enjoying access, upon request, to any of their currently held data. Applications may access user data for a fee denominated in fiat and applications can indirectly pay one another for access to user data. Users themselves will not be paid for providing the data to applications via the Dock protocol, Dock’s rationale being that the value of a user’s data can only be reasonably quantified in aggregate. The team considers user autonomy over shared data a sufficient driver for platform adoption. The founding team are 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. Dock also features an innovative Plasma Cash inspired scalability strategy, which the team hopes will become a standard for the Ethereum community.
The Dock exchange is designed to grant users autonomy over their data and enable processes for third party applications to access relevant user data. Dock provides users the ability to opt into sharing specific data with users, and envisions this functionality empowering users as effective personal data brokers. Once a user has allowed an application access to their data, this data is available to be exchanged between applications on the platform. The user maintains control of this data only in the sense that they can opt-out of sharing any further updates with the application ecosystem.
Dock emphasize a smooth user experience for porting data between applications, with an initial focus on employment and professional data. For instance, a user might feel the benefit of easily being able to interrelate their personal reviews on LinkedIn with an online freelancing profile. The Dock team plan to use a Plasma Cash and PoS solution to achieve a scalable blockchain implementation. Utilizing IPFS helps minimize the amount of data stored on the Ethereum. No user data is stored on-chain, encrypted or otherwise. Instead, encrypted hash pointers to the data location within IPFS are publicly visible. The Dock platform leverages Chainpoint for data versioning.
Applications holding user data will be rewarded in Dock tokens (ERC-20) for sharing this data with users who request it. Similarly, financial incentivize will exist for applications to share data with other applications. Users will not be remunerated for providing the platform with data. Such monetization can lead to lower data quality or greater curation needs, so the format allows Dock to avoid issues like users submitting poor quality data over multiple fake accounts. 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 and burning removing existing tokens. Token burning occurs when applications buy user data that does not include any data from third party applications. This burning is anticipated to increase the value of the remaining usable tokens held across the community.