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Origo
Origo will be the world's first decentralized application platform designed to protect the personal information of all users.
Contents
Description
The main problem that the project plans to solve is confidentiality. The project team believes that the real government and centralized private corporations are expanding the overall control of their citizens and users. Therefore, citizens will soon begin to demand respect for their basic rights to inviolable life. Traditional smart contracts, such as Ethereum, failed to protect these sensitive details with contracts and thus limited industrial and personal use.
Fields of application
- Financial exchanges - users will be able to exchange assets without disclosing the identity and details of the contract ;
- Insurance - the information required for insurance policies will be protected and stored privately;
- Wages - employers will be able to pay for the work of their employees without disclosing details about the amounts, rates, bonuses;
- Logistics - buyers will be able to receive goods for a fixed amount, and be sure that their data will not fall into third hands;
- Personal data - all personal information about health, personal life, Internet use will be protected;
- Fundraising companies will be able to raise funds under the contract without disclosing terms, prices, shares, investors or any other related information;
- Internet of things - IOT device data can be processed privately, without disclosing information, by data owners;
Artificial intelligence - machine models can be trained without disclosing the data used.
Protocol
Protocol Origo solution ensures confidentiality, which supports the usual equipment for input and output of smart contracts, backed by cryptographic primitives such as zero knowledge proof.
Development
The white paper is not very detailed technically, a lot of unnecessary facts, many details are not disclosed. Most likely, this is due to the fact that the business model and the platform itself are not yet fully developed and studied, which, however, did not prevent developers from announcing the platform and publishing a white paper.
Platform
The platform will not be completely confidential. Rather, users will have a choice. A hybrid consensus algorithm will be used. This will allow both confidential and public transactions to be used. The flexible user interface will allow users to choose a public or private on-demand transaction function suitable for different use cases with different options. Scalability does not prevent privacy. These two important principles will help ensure horizontal scalability implemented through an improved consensus of the portable virtual machine.
Token
The Origo token performs the same function for gas as ETH in Ethereum. Users who actively participate and contribute to the blockchain get rewarded for their efforts. It will also be based on the ERC20 standard. Users can use the Origo token for a variety of purposes in the Origo ecosystem. It is also necessary as deposits to perform certain tasks, holding of trades. Participants pay a certain amount of tokens to participate in events and pay a fee.
ICO
Crowdsale will not take place. Individuals will not be able to buy tokens. Registration and KYC on the airdrop took place before the 4th of July.
Prospects
The project is very interesting, the idea and the concept is new, there are practically no competitors. But it will be quite difficult to implement it. First of all, due to the fact that the government will be categorically against complete anonymity on the network. In addition, many experts note the great security risks due to errors in smart contracts. Therefore, it will be possible to test the platform only in 2020.
