Layer Protocol

Layer Protocol

Created using Figma
Created using Figma
The decentralized reputation, incentive, and payments protocol for the global sharing economy, built on the blockchain.
Jun, 2018
Jul, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
LRX
Accepted Currencies
ETH
Company Details
Registered Country
Switzerland
Additional Details
KYC
Yes
Categories
Platform, Big Data

About Layer Protocol

The sharing economy is poised to hit $40B in revenues, driven by carshare, rideshare, bikeshare, and vacation rental. Irresponsible users increase the cost of providing services and hinders the sharing economy.

Layer Protocol Roadmap

  • 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.
  • 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.
  • 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.
  • 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.
  • Read More
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

Activity

Alexa

Rank:
8 265 452
VERY LOW
Delta:
3 166 683

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Zaizhuang Cheng
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Dmitry Grishin
Advisor
unverified
Peter Szeli
Advisor
unverified
Josh Fraser
Advisor
unverified
Matthew Liu
Advisor
unverified
Firoz Khan
Advisor
unverified
Chandler Guo
Advisor
unverified
N/A
5.0 15
ICO Profile Vision Activity Potential Product Team

Layer Protocol Reviews

icoscoring.com
ICO review website

Universal reputation protocol might get low adoption due to the existence of reputation protocols on each platform. Roadmap is not detailed and does not explain when the testnet will be launched. Now there is neither demo nor MVP available. The process of protocol integration into existing blockchain platforms might be complex and lengthy. Users might not want a universal reputation system, as if you have a series of bad experiences with malicious actors on one platform, it could affect you using other platforms. There is no information on the business model. Further details of the use of proceeds categories are not specified. The lockup scheme for the team tokens is unclear. Now it is unclear how many people work on Layer Protocol development. 2 out of 3 co-founders do not mention neither Layer nor Pin Protocol as a workplace on their LinkedIn accounts.

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ICO Pantera
B
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icopools.io
analysis

Market:
The similar projects-competitors haven’t been found

Social activity:
The number of followers in Telegram is not high - 5665 users, the team rarely and slowly asks the questions. The official channels of the project in social networks haven’t been found.

Verdict:
The early entry into the market of reputational systems without competitors gives a head start, and thanks to a strong team and building of partnership networks – there are high chances of success in the long term (from 2 years). Close early cooperation with Origin Protocol and Ink Protocol, as well as experience of business building in the economy of collaborative consumption from Gee Chuang, Josh Fraser and Matthew Liu are necessary for project development and vital for Layer protocol success

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icocrunch.io
review

A simple idea to make customers of the sharing economy market act honestly and responsibly that will be implemented on the blockchain basement may turn out to become very attractive for the services of the industry. Just to remind, among potential clients of the platform you can find Uber and Airbnb. Mass adoption and product implementation become traditional challenges for ICO projects. Layer Protocol is not an exception. A very good sign for the project is the partnership with Spin. So they have an excellent start. Let’s see what will be next.
We like projects developing a simple straightforward idea, because it’s much easier for them to stay focused and implement a quality product. Layer Protocol is one of suchlike projects.

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