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Milestones Layer Protocol

The Decentralized Protocol for the Global Sharing Economy

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.

2.2
2 1 expert rating
Benchy 2.1
KYC
Experts
3.0
3.0
2.0
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Unknown
Token
LRX
Type
Price
1 LRX = 0.0375 USD
Platform
Accepting
ETH
Hard cap
15,000,000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA
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Milestones

1
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.

2
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.

3
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.

4
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.

5
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.

6
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.

7
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.

8
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.

9
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.

10
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.

11
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.

12
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.

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