Position Paper

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An Oracle Innovation Network

A smart contract platform and oracle framework for trustless data creation
Launch tokenized networks that incentivize participants to create transparent, verifiable and trusted data for use as Oracles, for decentralized research or to be integrated into DAOs and DAPPs.
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PRE-SALE IS PLANNED, GET WHITELISTED

The infrastructure to enable decentralized data creation is underdeveloped

The hardest thing about solving decentralized data creation is known as “The Oracle Problem”. Since smart contracts are unable to communicate with external resources on their own, they rely on Oracles to provide it.

But introducing external sources into a decentralized environment is risky. To maintain the benefits of a decentralized network, smart contracts require verifiable and transparent data created in a minimally trusted way.

With so many different types and sources of data, more Oracles are badly needed.

UVP is building the infrastructure for decentralized data creation.

The UVP Smart Contract Platform provides tools for teams to crowdfund and launch independent Decentralized Data Creation Networks. By giving tools to entrepreneurs and developers UVP allows hundreds of communities to engage in solving the oracle problem.

LAUNCH A
NETWORK

Each DCN is represented by it’s own Work Token, enabling the crowdfunding of networks and customization of token economics.

DCN developers leverage UVP modules to quickly launch new oracles or DAPPS, or integrate modules into DAOs.

REWARD
COLLBORATION

Network participants are incentivized to create and maintain consistent and correct data via a “Work market”.

Requesters post bounties, and repliers stake their certainty, ensuring all participants have skin in the game. A reputation weighted consensus mechanism determines correctness and distributes reward.

MAKE OPEN
DATA ACCESSIBLE

Data is made available to smart contracts running on any platform. (ETH, EOS etc), in a machine or human readable format.

Access data by either holding or spending network specific tokens.

Example Use cases

Crowdsource insights from crypto asset analysts and traders

Financial data is valuable. An entrepreneurial team leverages UVP to launch a DCN that rewards analysts for reporting data related to a crypto-asset or ICO.

    • Development funds raised through a token sale
    • Tokens airdropped to analysts / traders.
    • Participants earn reputation and tokens, and access to data
    • Financial institutions, applications and Decentralized Autonomous Funds use data to make
      better trading decisions

#BUIDL

For development and partnership opportunities contact:
info@uvprotocol.org

For information on a potential future TGE contact:
info@uvprotocol.org

Timeline

UVP is working with industry leading investment bank partners Blockhaus on a Token Release scheduled for Q2 2018.

Limited token pre-sale opportunities are available.
Contact info@uvprotocol.org

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