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Layer Protocol

TBA
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The decentralized reputation protocol for the global sharing economy, built on the blockchain.

Even the bigger players in the sharing economy today have no way of knowing a new user's value before their first transaction. Bad actors moving from one service to the next one are a huge expense in the industry, and these costs get passed on to other users through increased fees.

There is currently no way of sharing user reputation data between asset sharing companies. Why would Airbnb even give away their user reputation data to competitors or let's say Uber? While more than 72% of the US population has used at least one sharing economy service, the number for Uber or Airbnb is less than 25%, meaning there is a vast amount of reputation data shared on all sides, and it can drive down operation costs significantly.

Layer Protocol aims to resolve the issue, and will first be adopted by Spin, a stationless e-scooter platform. Live in over 50 markets in the US with over 1M rides in less than a year. Layer Protocol will be Spin's base layer for reputation and rewards. Users will be rewarded when their reputation increases.
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ICO PROFILE

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SOCIAL ACTIVITY

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General
Website: Visit
White paper: Read
Dates: TBA
Whitelist/KYC: Whitelist + KYC
Country: Switzerland
Token info
Ticker: LRX
Platform: Ethereum
Token Type: ERC725
Available for sale: 400,000,000 LRX (40%)
Financial
ICO Price: 1 LRX = 0.0375 USD
Hard cap: 15,000,000 USD

Alexa Rank

August 15th 2018
Core


ERC-725 Compatibility: Finalize requirements and design of the identity protocol to make it compatible with ERC-725;

Tooling: Test environments, tools, integration, smart contract versioning, and establishment of deployment practices.


Layer Nodes


Benchmarks: Performance tests of potential Layer Node architectures to determine the best system design moving forward.
September 1st 2018
Core


Asset Provider Identity Interface: Smart contracts and unit tests for an asset providers to push an identity onto the blockchain.


Utilities


Asset Provider Python SDK: Wrappers around smart contract methods, including package manager support.


Layer Nodes


Datastore: Local temporary store when retrieving data from the network.
September 15th 2018
Core


User Claim of Identity: Interfaces and unit tests for users claiming an identity. This allows users to link multiple identification properties.


Utilities


SDK: Interfaces for the identity protocol.


Layer Nodes


Containerization: Package Layer Nodes in a Docker container for easy deployment.
October 1st 2018
Core


Identity Challenge on Claim: ERC 725 compatibility, and permissioned access to necessary public methods on contracts;

Reputation Data: Models / interfaces for reputation data by provider category.


Utilities


SDK: Reputation data model and methods.


Layer Nodes


Discovery: Ability for node discovery starting with a seed node, followed by other peer nodes.
October 15th
Core


Scoring Interface: Asset provider can score a user based on an identity hash.


Utilities


Identity Signing: Start backend to hold/serve/publish public keys for signing an identity, including private keys for verification.


Layer Nodes


Host Seed Node: Internal seed node to discover other Layer Nodes;

Peer Connectivity: Identify all Layer Nodes are active on the network at any given time. This will eventually be used for maintaining quality of service.
November 1 2018
Core


Provider Reputation Score (PRS): The ability for asset providers to retrieve PRS for users.


Utilities


Identity Signing: Complete.


Layer Nodes


Caching: Layer Nodes cache structure to optimize future computation of scores.
November 15th 2018
Core


Provider Reputation Score (PRS): Complete PRS, along with unit tests, and deploy to Testnet.


Utilities


Identity Signing Tool: To aid development, this tool helps developers sign user identities for use throughout the protocol.


Layer Nodes


PRS Computation: Layer Nodes compute PRS from transactions and provider category processing.
December 1 2018
Core


Provider Reputation Score (PRS): Optimize PRS read/writes for computation and storage utilization.


Utilities


SDK: Integrate remaining features to Layer SDK for asset providers and Layer Nodes.


Layer Nodes


Layer Reputation Scores (LRS): Begin computation algorithms.
December 15th
Core


Scoring Release: Release of scoring to the Testnet.


Utilities


Layer SDK: Unit tests, documentation and packages for Testnet release.


Layer Nodes


Layer Reputation Scores (LRS): Unit tests for LRS algorithms.
January 1st
Core


Identity Signer Update: Identity signers can contribute additional identifiers to user identities, and perform an “identity check”.


Utilities


Publish Second SDK: We will provide a complete SDK in another language.


Layer Nodes


Reputation Score Signing: Nodes have to sign computation results for them to be valid.
January 15th
Core


Layer Nodes Stake: Smart contracts to manage staking of Layer Nodes.


Utilities


Sample Application: Start demo application that based on developed SDKs.


Layer Nodes


Staking: Running a valid node will require a LRX stake to be put up;

Testing and Optimization: Continual optimization of Layer Nodes around performance, gas costs, and security.
February 1st 2018
Core


Identity Match API: The API matches two identities without user claim by trusted identity signer. This fixes the issue of unclaimed identities lacking data, or users repeatedly signing up to perform bad behavior.


Utilities


Sample Application: Complete, open source, and deploy a sample application for viewing data on Layer Protocol.


Layer Nodes


Testing and Optimization: Continual optimization of Layer Nodes around performance, gas costs, and security.
Screenshots taken 12 Aug 2018
Euwyn Poon
Co-Founder
Derrick Ko
Co-Founder
Z Cheng
CTO & Co-founder
Galen Danziger
External CTO
Patrick McLain
External DevOps

Advisors (8)

Shayne Coplan
Founder & CEO of TokenUnion
Michael Ma
General Partner at Liquid 2 Ventures
Dmitry Grishin
Co-founder of Grishin Robotics, Mail.ru (DST), one of Russia's largest internet companies
Josh Fraser
Co-founder of Origin Protocol
Matthew Liu
Co-founder of Origin Protocol
Gee Chuang
Co-founder of Ink Protocol and Listia
Kenzi Wang
General Partner at AU21, a blockchain fund
David Chen
Former Partner at Lightspeed
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