Proposal Details

As we metamorphosize from Web2 to Web3, we see that Web3 has been limited to financialisation but has fallen short on enabling human relationships. We are proposing to build a human capital network on a blockchain platform. As an attempt at humanising an apparently dehumanized platform, we are proposing to enable an ecosystem of applications around an idea called “Protocolization-of-trust”, on a blockchain that runs a new consensus algorithm called “Proof-Of-Credibility” and identity enablers such as DiDs, SBTs and VCs. Explaining Proof of Credibility (PoC), each validator on the chain has a credibility score linked to them, which is awarded by the decentralised network through a system of quadratic voting between its users and validating rewards on the network are proportional to credibility scores of participating validator nodes. Real life applications include Decentralised education, Human IPO, Judicial Bridge, Decentralised science, Decentralised Micro Finance, Decentralised Token Exchange and Decentralised Confidential Services, among others.