Dock is pleased to announce the launch of its much-anticipated blockchain mainnet. The mainnet is the culmination of years of collaboration, hard work, and testing that brings to the market a bespoke credential issuing and verification platform.
Dock seeks to solve the most difficult issues that face the credential industry today. Currently, most companies rely on centralized platforms that hoard data or issue digital credentials that are easy to forge.
Dock was specifically built for this purpose of enabling organizations to create verifiable credentials on a decentralized network that are cryptographically secured and exist independently of any organization. Dock’s mainnet will enable issuers to create their own decentralized identities (DIDs) to authenticate credentials, while also enabling recipients to control, present, and retain ownership of their credentials. The mainnet is completely open-source and its use of the W3C’s industry-leading standards ensures interoperability across many platforms and applications.
By having a dedicated, special-purpose blockchain, Dock aims to ensure that transaction costs are kept to a minimum and there is no impact from unrelated activities, which is not the case with Ethereum and many other public blockchains. In addition, Dock’s anchoring solution is blockchain agnostic wherein any blockchain can be used to anchor credentials issued via Dock and any solution can be used for storing the credentials.
Dock provides easy-to-use tooling and infrastructure for issuers to develop apps or integrate with existing solutions. It is also one of the first to utilize the W3C’s Verifiable Credential Data Model (VCDM), a standard born out of work by a diverse international community of experts dedicated to creating open standards across the internet.
The launch of the mainnet represents the completion of another significant milestone in the company’s roadmap, however, the team will not be resting on their laurels. Within the next couple of months, the company will commence a token migration from its existing ERC20 token system to a native token running on the new Dock mainnet. This is a major milestone for Dock since it will integrate the token as a method of transacting and rewarding participants within the Dock network. It will also enable the Dock network to be self-sustaining by incorporating additional features such as decentralized network governance.
