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What is Dock?

Dock is a decentralised network designed to issue and manage universal, individually-owned, tamper-proof credentials using blockchain technology. This system aims to be applicable in various sectors such as healthcare, education, and supply chain management. Dock empowers users with secure and verifiable digital identities, focusing on decentralised identity and verifiable credentials (VC) technology.

How does Dock work?

Dock operates on a Substrate-based blockchain, which is part of the Polkadot ecosystem. It functions as an immutable registry for decentralised identifiers (DIDs), proof of credentials, public cryptographic keys, and revocation registries. The platform uses a Nominated Proof of Stake (NPoS) consensus mechanism, which separates block production and finality, enhancing scalability and resilience. Dock's core functionality does not primarily use smart contracts but relies on its blockchain architecture to manage verifiable credentials and DIDs.

What are the potential use cases for Dock?

Dock's potential use cases include:

• Healthcare: Secure and verifiable health records to ensure data integrity and privacy.
• Education: Issuing and verifying educational credentials, making them tamper-proof and instantly verifiable.
• Supply Chain Management: Securing and providing transparency in supply chains to verify the authenticity of goods.
• Finance and Compliance: Managing secure financial records and compliance documents.
• NFTs and DeFi: Supports the creation and management of NFTs and DeFi applications through decentralised identity and verifiable credentials technology.

What is the history of Dock?

Dock was founded by Nick Macario and Elina Cadouri. The project began focusing on decentralised identity and verifiable credentials technology in 2017. In 2018, Dock completed its ICO, raising $20 million. Significant advancements include transitioning from Ethereum to a Substrate-based blockchain and adopting the NPoS consensus mechanism. Dock has formed partnerships with various organisations, expanding its technology into sectors such as education and healthcare, and participates actively in its community.