What is Dock (DOCK)?
Dock is a decentralized open-source blockchain protocol that supports sharing of verifiable credentials and personal information. DOCK token is the platform’s native token. You can see the current DOCK price featured on the Dock price chart above.
Dock focuses on the transparent sharing of identity documents, licenses, and certificates. Also, it uses state-of-the-art blockchain technology to provide infrastructure for building innovative applications for issuing credentials. The credentials are protected cryptographically by the protocol, making them unchangeable. Besides, Dock uses W3C standards to make its credentialing system compatible with other W3C-compliant solutions.
The Dock protocol works in a simple manner. First, an issuer creates a decentralized identity. Then, it issues a credential on the Dock blockchain. The blockchain ensures that all information is traceable directly to its source. The recipient of the credential can then share it with third parties to instantly verify its legitimacy.
Overall, Dock is building a unique solution to meet society’s increasing social and economic demands for reliable data. This solution is applicable in many areas, including healthcare, supply chain, education, employment, and financial services.
Who Founded Dock?
Nick Lambert (CEO) and Elina Cadouri (COO) co-founded Dock in 2017. Both of them have a lot of experience in the data industry. Nick has been involved in the blockchain space since 2011. On the other hand, Elina has gained a wealth of experience in the data network industry. Another team member is Lovesh Harchandani, the project’s lead developer. Harchandani has a specialty in Verifiable credentials and Decentralized Identity.
Use Cases of DOCK Tokens
DOCK tokens support all transactions to the Dock blockchain. Such activities include creating DIDs, sending payments, and anchoring or revoking credentials.
Besides, the Dock crypto asset is also a governance token. Holders of Dock tokens can participate in voting o various proposals and electing council members.
Lastly, Dock token holders can stake their tokens to become block validators and earn rewards.
Don't forget to check the Dock price chart. It features both – the current and the previous DOCK price.
Tokenomics of DOCK
Dock has a max supply of 1 billion tokens. The project set aside 150 million to support the emission rewards program for treasury and validators. Community rewards were allocated 25 million tokens. The remaining portion of the supply is released in circulation with the general public, as well as was set aside in the Dock's treasury.
