At Dock we are striving to create a decentralized, self-sovereign ecosystem for providing open, blockchain-anchored verifiable claims. We see the value in widespread, friction-less data sharing & validation because it allows everyone to speak a common language useful for quickly exchanging trusted information.
The usefulness of interoperable, trustworthy data exchange has far-reaching implications, and has seen ongoing, mainstream growth in the form of Digital Credentials, Micro Credentials, Digital Badges, etc, being used to incentivize engagement & participation.
As data becomes ever more integral to our personal and professional lives, improvements in the ways it is used unlocks tremendous value. This is why the verifiable claims we produce must be interoperable with widely adopted open market standards and enhance user privacy and control.
Verifiable Claims defined
The accepted industry standard defining what a verifiable claim is can be a bit murky, so it’s important to share how we define them at Dock. Broadly put, we see verifiable claims as:
An assertion expressed by a piece of information or data that is provably trustworthy.
Example applications of these assertions are providing & managing the proof of licenses, certifications, skills, medical records, insurance records, ID’s, employment history, and other data that must be both certified and up-to-date.
To provide a better understanding about how Dock autonomously produces verifiable claims, the remainder of this post will follow the interactions of 3 entities throughout the life-cycle of a claim. These entities are: claim recipient, claim issuer, and job operator.
Any individual or organizational entity is able to connect to the Dock ecosystem and place an order for verifiable claims. Those who purchase claims are known as “claim issuers” and the verifiable claims making up their order is the “job”.
After the claim issuer provides the necessary details for the job all qualified job operators are automatically notified and subsequently bid for the right to fulfill that job.
Comparable to the process of hiring a sub-contractor — the customer or claim issuer is willing to pay for work to be done, and any qualified sub-contractor or job operator may submit a bid for review by the customer. The difference here is the time taken to fulfill the job is measured in minutes rather than days.
After qualifying job operators place their bids, a winning bid is selected. The job operator who submitted this bid then creates the verifiable claims and automatically provides them to the claim issuer, fulfilling the job and earning the bid amount.
Regardless, these type of claims are easily managed & shared by claim recipient(s) using a digital wallet and provide the claim issuer with the ability to revoke the validity on any of the job’s verifiable claims.
As an example of the value revocation offers, consider the use case where claims are used in “proving membership to an association”. When a member misses their dues or acts poorly, a single click allows the managing association to revoke their membership and publicly provide the reason for doing so.
As a final step in fulfilling a claim issuer’s ordered job, each claim is also anchored to blockchain. This allows any third party to rapidly verify the validity & status of a claim in a decentralized, impossible-to-forge, and automated fashion.
By anchoring all verifiable claims to blockchain, Dock is ensuring claim recipients receive the highest value assertion available. While the standard a job conforms to may vary, all verifiable claims purchased through Dock are immutably anchored to blockchain.
Once a job is completed each verifiable claim is effectively tied to a specific subject. Often times this subject is an individual identity or email and is known as the claim recipient.
After delivery of the job the claim issuer is able to notify all recipients concerning their verifiable claim and provide them with a method for claiming ownership & sharing their new assertion.
By integrating verifiable claims into an organization’s existing system there are also added benefits of reduced admin overhead, improved retention and talent management along with providing adaptability to ongoing changes in the nature of work.
We see the Dock ecosystem as a sustainable, user-controlled entity where anyone can economically purchase interoperable & forgery-proof verifiable claims.
Because the participants have a vested interest in producing high value assertions, Dock continues iterating towards a decentralized state where the participants provide governance and continual improvement to the ecosystem.
To learn more about specific participant roles and the additional value they provide please refer to:
- Claim Issuer
- Authority (article coming soon)
- Voter (article coming soon)
- Job Operator (article coming soon)