All about DOCK in One Shot (with audio)

In our series to understand the most common cryptocurrencies, we have already discussed Shiba, BTT, Dent, Holo, Wink, Siacoin, IOST and
XVG. In this article, we are going to understand DOCK.

Introduction

DOCK has been defined by Coin Bureau as a ** decentralized version of LinkedIn**.

• Dock.io is a project that aims to give consumers back control over their online digital credentials and professional career achievements.
• Users may submit all of their information to the platform and have total control over who may see it.
• Users can opt to encrypt personal data that they wish to keep safe while making basic information such as name and contact information available to readers.

Timeline

2020

• Mainnet went live on September 30th, 2020.
• Dock initiated a token migration on December 8, 2020, to convert all ERC-20 tokens to native tokens on the new mainnet.
• The token migration will last three months, with all token holders required to move their tokens by March 7, 2020.

Supply

Upper Limit

• Total supply of 1 billion tokens.

Distribution

• Around 650 million in circulation.
• Over the following 15 years, 150 million tokens will be awarded as emission incentives to the treasury and validators.
• 25 million tokens will be released as community awards.
• Remaining tokens about 175 million are kept by the Dock treasury and will be used to support the network’s continuing development, marketing, and adoption.

ICO

• Dock performed an initial coin offering (ICO) in February 2018 and sold 30% of the total supply for $0.08329 apiece, generating $20 million.

Use Cases

This platform allows organizations and developers to easily create, maintain, and display digital credentials that are instantaneously verified using blockchain technology.

Healthcare

• Problems in Traditional System: Due to paper-based licenses and certifications, as well as manual verification processes, the healthcare industry’s verification processes are inefficient. Traditional verification can take weeks, if not months, causing significant delays.
• Solutions by DOCK: Organizations that give and control medical licenses for healthcare can offer licenses in the form of digital credentials by utilizing Dock’s protocol. These permits may then be simply shared by the receivers for fast verification by any medical department.

Supply Chain

• Problems in Traditional System: Physical IDs and documentation have long been used in supply chain management to demonstrate that all parties involved complying. This results in significant inefficiencies and uncertainties since these papers, as well as the stamps or signatures (handwritten or digital) affixed to them, are easily falsified and difficult to validate. As a result, the procedure is long, uncomfortable, and error-prone, with higher overhead expenses.
• Solutions by DOCK: The Dock Network can help to alter this process by supplying cryptographically verified credentials that cannot be falsified. These credentials can be simply, swiftly, and precisely checked without the need for time-consuming manual procedures.

Applications

The dock is a network that gives developers the infrastructure and tools they need to create standards-compliant, scalable, and cost-effective applications for issuing and validating credentials on the blockchain.

Certs — Dock’s Demo App

• This Dock’s Demo App.
• It demonstrates how easily credentials can be issued, managed, shared, and verified using Dock’s technology.

Claim Deduction and Biometrics Demo

• This demo that demonstrates how our claim deduction feature, face recognition, and verifiable credentials may be used in parallel to cryptographically validate a subject’s age, removing the need for manual verification.

Where to Buy

In India; DOCK can be purchased through the WazirX. It has also been listed on exchanges such as Binance, HotBit, Huobi Global, and KuCoin.

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