Mainnet Unveiled: The Future of Data Ownership with DOP & ZK-Proofs

Transcript

[Applause] hello everyone thank you for coming thank you token 2049 thank you for the quew to make this happen I am W the CEO of data ownership protocol and we gathered here today to discuss something about the token uh about the main net the glimpse of a little main net the key Technologies behind it what are making sure the main net is working as it's supposed to be and some past accomplishments some future goals so are you all excited before going into the main net and ITS Technologies we need to know

what is zero knowledge and why it's crucial for the technology basically just like the term blockchain like storing data in blocks and all these blocks are connected to each other and it forms a blockchain similarly zero knowledge terminology is also like a terminology of proving anything without revealing the key information to it and when you implement a blockchain through cryptography some programming you get one type of blockchain when you implement it again with another set of programming you get one another similarly when you make these terminologies of zero knowledge in a programmatic way you get Stars you get snars before going into it further like why is the need of this technology why

is the need for zero knowledge the things are going well like why is there a need to be zero knowledge in the blockchain in the public blockchain this may not be a problem for us but when we on board the next billion people Mass adoption does happens whichever everybody is trying to on board right then there comes an issue of over transparency like imagine a merchant or imagine a vendor like paying his payments or imagine you at the supermarket buying a loaf of bread and you know that the cashier or the counterparty when you interact with him he has your public address he has your wallet address and he can look inside your wallet find all your financial history what you bought what you did

where you swapped what you land what you landed what you borrow it's not a good thing it's over transparency and we think it's not a feature it's a bug Where Do We Go From Here We Go From Here to data ownership protocol we are making sure this problem gets solved for the people in a easy way and in a secure way so now let's understand a little how zero knowledge work how these proofs are work when let's imagine user a needs to interact with user B so he needs two entities one is approver entity one is the verifier entity and the pro can be

anything like it can be a trusted person it can be a machine and it can even be a set of programmatic code now the prover takes some information of this let's say you want to prove a real estate document but without revealing the core information of that document there's a machine it scans it and it tells the other person or the verifier that this document is legit it's true it's not false and the verifier believes it and you convey that you are a specific owner of that real estate without revealing the information the let's say the amount or its value and everything we dope are utilizing snar methodology for the data ownership

protocol what we do that when the data begins to exist in the system we hash that data we form it like a notes stor it in a smart contract in a Merkle tree and why the Merkle tree because it's easy you get a root and it's easy to verify whether the data is good or not and the thing about hashes is that you can put an entire book into a cryptographic algorithm and you get a hash and that hash will remain the same forever every time you put that book into the same algorithm it will give you the same hash but even if a comma in that book is changed the hash will change so instead of storing the entire

book you can show that hash and whenever you are presented with that book and you want to see whether the book is changed or not you just run it to the same algorithm match it with the hash and you know this book is not changed this is also the one1 class of blockchain you know blocks they store its previous block hash and how do they make it secure whenever a block is it hash changes and its next block tell us to the blockchain that the hash I have of the previous block is not the same anymore so we know there is an issue in the blockchain and this way we hash these values into the system we use a circuit it's also a programable code this data goes into the circuit your private

inputs are always on your system on your front end the approver generates a proof the proof goes to the contract the verifier the verifier accepts it makes the transaction without revealing your balances your other assets your identity and even the recipient identity now discussing where we stand and all this may sound like simple and easy to you but believe me it isn't so that's why we are under security audit by hacken and one of the leading companies in auditing and we are hoping to hear from them soon the audit report and it's currently in under audit and before that we we had a private sale it was a success we also had some polls from the community and

after all that the token claim is in process we currently have more than 130,000 people already claimed already we have 130,000 holders on the ethereum public blockchain making us one of the biggest community on the ethereum public blockchain and before that we also wanted to take feedback from the community from the people of how they want this thing to be intended to be done how smooth they want the user experience to be so we launched a tesner also and we were proud yet in a humble way to announced and to have that to

that 2.6 million more than 2.6 million people joined our test net thank you guys for having this massive impact on the market and joining us and they were from over 200 different countries resulting in more than 5 million transactions on the blockchain on the test blockchain on the sepolia blockchain of ethereum network now discussing the future like these are the past accomplishments where we go from here now as our protocol as our technology is under audit we are hoping to launch the main net in a coming few weeks and soon after that we are launching to the Token to one of the

tier one exchanges and making sure it's best for the community the token is more liquid it's more tradeable and after that we are also want to have Integrations with other protocols with wallets for the people for the ease of people because the people are already familiar with these things so they shouldn't be able to go again they should be able to use our protocol with other protocols also like other dabs also other wallets also and in quarter 3 we are planning to launch this internal EOS system for the end people to use now comes to the point what is actually happening in the main net and before that there is a little glimpse of the main net video I want to show you

how the main net looks like please enjoy it's a one minute video it won't take a lot of your time have a look here's how you can be in control of your financial data visibility on the ethereum blockchain with dop Begin by creating a new dop wallet and connecting your main wallet right after now you're ready to use dop whenever you wish to encrypt your assets select your desired Holdings from your main wallet and the amount you wish to encrypt and with a click of a button you've successfully encrypted your tokens transfer assets between dop wallets to keep the information under control only you and the receiver can see the assets sent within the Protocol no one else you can decrypt encrypted assets by returning

the tokens to your wallet or any other ethereum wallet yes it is that easy to surpass over transparency and with the addition of various user badges rewarding your activity dop guarantees that your journey to data ownership will be enjoyable and valuable time to become the owner of your onchain financial data exposure dop your data your choice just as you saw the video there are three currently main aspects of the main net launch encrypt send decrypt and encrypt you can understand as your

gateway into the system you're on the public blockchain you're on the ethereum blockchain your data is public you use the encrypt gateway to get into the system where the system takes your information takes your data takes your Fund Store it in a safe place and hash that data and store it now you can easy use the send feature to interact inside the protocol freely without worrying about your data being compromised without your assets being compromised and without your identity being compromised people being able to look into your wallet and seeing then if you want to take this data take this funds take these currency balances out of the system you use the decrypt feature where

we in the protocol burn your data inside the protocol gave you that exact funds that exact data onto the public blockchain and you are out of the system now after this the plans for is that when you are inside the system when you are inside the dop protocol transacting freely without worrying there will be ability for the users to generate special proofs to make sure if they want other people to know that they have a certain balance or they have a certain tokens let's imagine you have 20 tokens or currencies in your in your protocol in your wallet and you want to prove that you hold certain tokens so you can easily generate a proof let the person

know that you hold this tokens and without revealing all the other currencies and similarly let's say you can you want to reveal a certain balance that you hold over a million usdc but you don't want to reveal that you also hold more than 100 million Pepe you're a mem coin lover so you hold the 100 million Pepe but you don't want that to reveal so you can generate a proof only proving that you have a million usdt without revealing any other balances and similarly in the future you will be able to make nfgs visible encrypt them and also generate proofs on top of nfgs that you hope and have a selective collection and you don't want a person to know that

you want have all other collections but you want to prove that you have a punk but not being able to let him see that you have a borab also so you can prove only certain nft without hiding with hide in and privatizing your all other nft balances and all this will be available on the dope scan where people will have public profiles and they will choose what data they want for the public to see and what data they want for the public to not see now people in the past have made these kinds of protocol already right there there has been a past protocols people trying to achieve this and what are our advantages over them the first point is that that

basically people try to be public or people try to be completely Anonymous we don't try to be either zero or either 100 but we give our users this choice they want to be a selective privacy method they want to have this that whether they want to sub some some things they want to be public some things they want to be private they decide what they want other people to see what they want other peoples to not see second point is we are Regulatory Compliance we are making sure that like fights with countries and authorities is never a good idea so we are making sure that we are Regulatory Compliance we have a partnership with chain chainalysis to make sure every wallet that interacts with the system

when getting in is not a malicious actor is not involved in any malicious activity illegal activity and only then he can get into the system and if he is involved in a malicious activity he is not allowed and he is stopped from using the protocol the next aspect is user experience the blockchain the web3 world is already very complicated like with the wallets public Keys private Keys transaction gas feces mining it's already too much to grasp a new user has already his hands full his mind is already complicated enough and he needs a smooth experience and right now in the market we don't have that much smooth experiences people build things assuming

that the user will be a developer or user has sufficient knowledge of the system we at Job Target that anybody with a web3 wallet and the ability to read can use the system with ease now where do we go from here what is the F future we think that data ownership will revolutionize the future of data with rwas and mass adoption any kind of digital data can be on boarded with us can be secured with us without worrying to that your data will be leaked or comp romise even medical certificates or even data which the AI models are used to train on and even if the real estate tokenization happens you can also store that information on chain

without revealing what assets or what real estates you own and only revealing particular for the particular person this is zero knowledge proofs with data ownership protocol I hope this proof is verified and uh we are good and if you you think this proof is verified give me a clap so I know that you understand what I said and before con concluding this getting to the end I have a surprise for you I would like to invite CEO of bitcoin.com Corbin Fraser on the stage for

an how are you going ahe so uh yeah as well said I'm the CEO of bitcoin.com now bitcoin.com is a fully self- custodial wallet we've been around since 2017 over 50 million wallets created we're translated into over 24 different languages we're supported around the world we're one of the largest Fiat to crypto on-ramps and we're very excited to announce a partnership between dop and bitcoin.com bringing thank you man thank you man so dop we're very excited I think for us it's like data ownership you own your seeds and you control what you put out there on the public blockchain and I think what what the team at dop has

built it's Monumental it's what is the next phase of crypto crypto adoption crypto utility so we're extremely excited to support this at bitcoin.com we can't wait to get this release out so uh we're excited to get out there let you take it thank you guys thank you very much for having us and enjoy it