Open Infrastructure For Consumer Data
We design the infrastructure to handle consumer data with openly verifiable authorization guarantees. It decouples strict proof requirements from data processing results, but preserves the possibility of it being requested. This is based on a market tested on-chain stateless protocol (Redeem Protocol) and interoperable NFT standards (e.g ERC-6672).
It has the following advantages compared to existing solutions:
Efficient. On-chain consumer economics has proven its potentials but many well-know brands and IPs. However it scales poorly due to higher cost originated from strict global consensus required by L1s and L2s. By only finalizing attributable results on blockchain, it saves cost and time to process the transactions.
Secure. Deploy custom mechanisms on blockchain often leads to security hazards if not handled carefully. However fully relying on highly centralized services and platforms imposes future risks on the sustaining the potentials brought by open interoperability. By leveraging open-governed networks with tested standard and protocols allows builders to focus on their core strength.
Easy to Extend. Monolith platforms that shares information and data using APIs tends to focus on their own financial benefits and may not be aligned with diverse needs. On the other hand stricter and stricter rules on data sharing regulations restricted smooth sharing on consumer data. By committing to the open and general system, co-creating novel mechanisms becomes extremely feasible and compatible.
Our network model is designed with dual-node design to handle the diversity and complexity of commerce while maintaining the core security.
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