NOIA — Research Report
At an extremely succinct level, NOIA aims to create a next-generation, decentralized network that incorporates blockchain to enhance the Internet’s programmability. NOIA believe this lofty goal can be achieved via of software-defined network that utilises IPv6 and segment routing. Before we get stuck into the specific components, it’s worth addressing the current state of the Internet and why NOIA is needed.
The current foundation of the Internet was established with the idea of many different Internet service providers (ISPs) working together, but at the same time acting independently. By adopting Border Gateway Protocol (BGP) (a routing protocol) these independent ISPs can communicate with each other to move content freely across the Internet. Although somewhat meeting the needs of the current Internet, there are multiple issues within the model.
Such limitations include; no control over the path beyond the next router, decisions based on static configuration policies, and underutilised routes/routers being potentially wasted. Adding to this, there are additional issues with variance in quality (i.e. speed) and security (BGP hijacks). To help highlight these problems, in 2018 via BGP hijacking Telegram information was routed through Iran.
The current BGP model is in drastic need of improvement, with optimisation largely stunted. NOIA believe the answer to this lays in the creation of a decentralized and programmable Internet, whereby using IPv6 and segment routing. With the growing adoption of segment routing and IPv6, plus most routing hardware being segment routing compatible, NOIA’s goals seem realistic and achievable.
NOIA: A programmable Internet
IPv6. By using IPv6 NOIA can utilise expanded IP address size, thus permitting hierarchical address allocation to facilitate route aggregation. Adding to this, IPv6’s headers have a simpler format, flow labelling capacities, improved support for extensions and options, and authentication of privacy capabilities.
Segment Routing. The benefits of segment routing include its ability to allow network programming, failure protection, on-demand next hop, and traffic engineering. Segment routing is also better applied to scale and in some cases is far simpler.
NOIA Ledger. To make NOIA’s goal achievable the full topology of participating routers is needed. To prevent monopolisation and centrality, DLT is optimal for this. This keeps the Internet decentralised whilst also providing a single point of truth.
Decentralized Internet Transit Exchange. With the infrastructure of the Internet being big business, the DITEX allows the purchase and sale of segment routing access points as transit. This is done via DLT and smart contracts.
*NOTE: As we were writing this report, NOIA has released their Programmable Internet Whitepaper. After quickly reading over the document, it goes into much greater detail than previous literature. Unfortunately, we were not able to integrate the new detailed information. However, it has done a great job filling in some gaps that were unanswered from prior documents. This has helped solidify the strength and validity of NOIA in our view.
There Is Tough Competition
If NOIA’s goals sound familiar to you, then you’ve probably heard about one of several projects in this space aiming to achieve something similar. For example, Substratum, Elastos, NKN, and Skycoin all aim to achieve a similar goal. With such lofty goals and strong competition, it is becoming a crowded space that needs serious traction/adoption for it to take off. With other projects establishing their mainnet, nodes, and communities, NOIA has some serious work set out for them to compete in this space. With this in mind, NOIA’s partnerships and community incentives (to run nodes) will definitely help them to hit the ground running. Currently, NOIA has >300 active nodes at any time, with >5,000 registered.
· Tomochain (NOIA will look at the application of Tomochain’s blockchain).
· 100TB (NOIA is looking to provide a use-case for 100TB’s web hosting service).
· Cloudvisor (Cloudvisor will provide technical guidance).
· Cherry Servers (aiming to connect Cherry Servers data centres).
· SuperTree (Will be NOIA’s PoC client).
· Microsoft (NOIA will join their start-up program).
· e-shelter (e-shelter has/will facilitate the NOIA network, aiding CDN network formation whilst connecting to top tier internet exchanges).
NOIA has established a supply of tokens for liquidity via a professional liquidity provider. The purpose of this is to create liquidity and healthy market conditions. The supply of these tokens (5%) will be released over the first five months.
Additionally, NOIA has used an airdrop to incentive community members to run nodes. Subsequently, at listing 0.65% of the total supply will be held by these members.
TYPE: ERC-20 (whilst in testnet phase)
TOTAL SUPPLY: 1,000,000,000. (1 Billion)
CURRENT SUPPLY: NA
MARKET CAP: NA
FUNDRAISING: IEO (already conducted)
LISTED: KUCOIN (July 22)
HARD CAP: $6,600,000 USD.
PRICE AS OF PUBLISHING: $0.030179
PUBLIC PRICE: $0.033 USD (IEO on Cobak ~ 0.76% of total supply).
PRE-LISTING PRICE: NA
INSTITUTIONAL ROUND PRICE: NA
SEED PRICE: NA
· 20% — Token sale
· 15% — Team
· 10% — Advisors
· 10% — Community
· 35% — Future financing
· 10% — Master node reward subsidy
Unfortunately, NOIA has just published their tokenomics whitepaper. Due to this, we have not had the time to go over this document and integrate all its information. However, after having a quick look over it, boy does it go into much greater detail. This makes me happy to see; it appears that NOIA has given the utility of their token a lot of consideration.
We have basically removed what we had written about NOIA’s tokenomics. Unfortunately, it would not do NOIA justice to keep the prior information. It looks like they have put the NOIA token to great use, whereby giving consideration to one concern we did have. We look forward to reading their tokenomics whitepaper in the coming days. We recommend that you do also.
Domas Povilauskas [Co-Founder & CEO]
Domas has a Bachelors Degree in Political Science from Vilnius University. Domas was previously Co-Founder and CEO of Tellq.
William B. Norton [Co-Founder & Chief Technical Liaison]
William has an MBA from the University of Michigan. William is also the Founder and CEO of DrPeering and previous Chief Scientist at Console Connect Inc.
Jonas Simanavicius [CTO]
Jonas has a Bachelors of Engineering (Software with Management) from The University of Edinburgh. Jonas is also the CTO of Clouder, and previously worked at Turing Society and JPMorgan Chase & Co.
Virginijus Magelinskas [Chief Network Engineer]
Virginijus has a Master’s Degree in Informatics from Kaunas University of Technology. Virginijus also works as an AWS Could and CDN Architect at UAB SIGABA.
Kipras Kazlauskas [Co-Founder & CBDO]
Kipras has a Bachelors of Science in Economics and Business, Entrepreneurship and Finance from the Stockholm School of Economics in Riga. Kipras is also the Co-Founder of UAB Zemdirbiu Konsultacijo and angel investor at Tellq.
Domantas Jaskunas [Co-Founder & COO]
Domantas has a Bachelor of Science (Economics) from Lancaster University. Domantas was previously the COO at Tellq and an Analyst at SilverSea Asset Management.
Tadas Planciunas [Development Team Lead]
Tadas has previously studied Mathematical Informatics. Tadas has also worked at Ferratum Group, Baltic Amadeus, and StudioV4.
Vytautas Jurenas [Chief Quantitative engineer]
Vytautas has a Master’s of Science in Econometrics and Quantitative Economics, as well as Cultural Studies/Critical Theory and Analysis. Vytautas previously worked at KYOS Energy Consulting and Orion Asset Management, UAB.
Justinas Valutavicius [Co-Founder & Chief Software Developer]
Justinas is the CTO at Tellq and previously worked at Hellocoin Co, 8020 Studio, and ComDashboard ltd.
There is a lot to consider when it comes to NOIA. It is a project built on lofty goals and big ambitions. Many projects in this space are aiming to achieve the same goal, so competition is tough. With that in mind, one concern we did have was NOIA’s previous advisor Mirza Uddin. However, Mirza appears to no longer be advising NOIA.
Ultimately, NOIA network as a whole is exciting and there is a lot to like about it. Given their current partnerships and over 300 functional nodes, it will be interesting to see the launch of NOIA’s mainnet in 2020 — H1. We will be watching the development of this project closely.
To ream more, check out NOIA’s resources and social media:
· Website: https://noia.network/
· Twitter: https://twitter.com/NoiaNetwork
· Telegram: https://t.me/NoiaNetwork/
· Medium: https://medium.com/noia
This report was written using publicly available information and some information was corroborated by the team. Thank you to the NOIA team for supporting our work and sponsoring this report.