WEEVE Token Model

Transcript

1. Empower the Economy of Things powered by WEEVE Sidd Bhasin Venture Dev Weeve
2. data is the new gold
3. <mission>
4. tokenize data
5. mone<ze data
6. …gives rise to a new economy
7. …where IoT devices trade tokenized assets through the Blockchain
8. …so what is the WEEVE project about?
9. IoT data marketplaces Global Distributed network
10. Building a Chain of Trust Economy of Things prerequisites trust in all stages, from data harvesting to commercialization Harvest Data Process Data Transport Data Assess Data Commercialise Data
11. With weeve technology; data is truthful, trustworthy and transparent To Deliver a Truthful Data Protocol for IoT and Blockchain Harvest Data
12. Weeve's Technology Stack With weeve technology; data is truthful, trustworthy and transparent
13. Why the Weeve token? Weeve aims to be independent of the actions taken by the governors of other cryptocurrencies. Resistance to hacks in other crypto wallets Currencynomics Incentives Tokenomics Disincenitves
14. Token Flow weeve’s Token Data is falsifiable and untruthfully transferred to the Blockchain
15. Weeve MSP (Multisided Marketplace) Business Model •  Device owners cross sell authentic data to potential buyers. •  Device owners are paid set fee as determined by network and creators of Marketplace. Device Owners •  Co-create rules of the marketplace with weeve network. •  Determine type and value of data to be traded. •  Earn portion of transaction fee alongside weeve network. Marketplace Co-Creators •  Provide services to marketplace creators for add on services such as attestations, validations, user interface etc. •  Earn fixed fee or per transaction fee depending on the contractual agreement. 3rd Party service providers •  Consumers buy attested data at set prices. •  weeve network game theory design ensures truthfulness of data. •  weeve smart cont. protocol serves as escrow protection for sellers to receive timely and correct payment. Consumers weeve Marketplace •  Revenue generated by transaction fee from all 4 sides of the market* •  Additional revenue for weeve certifications which includes attestations and dispute resolutions in marketplace trading activities. *All generated revenue for weeve would be in non fiat currencies; weeve’s platform is blockchain agnostic. This enables weeve to operate with BTC, ETH, IOTA etc.
16. How using Game theory mechanics enables us to keep the system state fair? Code based consensus Approach System State Code based consensus Approach Enforced Trust Enforced Trust Game thereotic incentive based approach Intrinsic and Organic trust in the system state *Designing a system where individual selfish interests align with common interest of the network – Reaching equilibrium
17. <design goals>
18. disincen<ves devices to produce fake data
19. disincen<ves marketplaces to curate fake IoT data
20. weeveNetwork Protocol blockchain agnos<c Ethereum backbone to leverage ERC20 WEEV u<lity token curates marketplaces with high-quality data curates device registries providing aSested data ac<vates validators to enforce membership standard ac<vates arbiters to resolve dispute The open-source protocol for the tokeniza<on and commercializa<on of a<ested IoT Data is a suit of protocols:
21. weeveNetwork Protocol blockchain agnos<c Ethereum backbone to leverage ERC20 WEEV u<lity token Graded token-curated Device Registries and Marketplaces use WEEVE token to stake collateral and punish bad behavior Knowledge Extractable VoFng use WEEV token to mint KNOW token in order to improve distribu<on of voters The open-source protocol for the tokeniza<on and commercializa<on of a<ested IoT Data is a suit of protocols: more on medium
22. WEEVE Join our Telegram Join our Telegram @weeveSebas<an @weeveiot