Auctus Labs — Empowering The Community Through Decentralization

After a few extremely busy days, I’m glad to be back sharing new stuff. Auctus has already featured in my series, which you can find and in this blog post I will be taking a closer look at — an initiative launched by the Auctus team just before their ( ) on the 27th of March. “Real World Applications of Cryptocurrencies” here Auctus Labs nitial oin ffering I C O ICO In this post, I will be talking about — a new initiative by the team which empowers and brings together the community with their expert resources (developers, DevOps, UX/UI designers, etc.) as well as representatives from other projects. is being pro-active and aims to replace centralized components in the with decentralized ones (which I will be discussing below). Their vision is “to create a platform that is run, as much as possible, Auctus Labs Auctus Auctus Labs Auctus Platform by the community, for the community”. Some drawbacks with the centralized components that would be required for the to function, include: Auctus Platform would require each and every user of the platform to register and verify their accounts. This process takes time, and adds friction to the work flow. Centralized exchanges A system like SQL Server or MongoDB is less secure, less reliable and less accessible than decentralized counterparts. centralized database A is less transparent than a decentralized one, where everything is recorded on a blockchain. Additionally, the community is less invested in a where decisions are taken by a centralized organization centralized organization central authority. (like PayPal or Stripe) are more expensive, less secure and are well within their rights (as per their terms & conditions) to sell your habits and data. Centralized payment systems The initial (decentralized) projects that will be integrated into the as part of the initiative, are: Auctus Platform Auctus Labs — Trading & Liquidity Amadeus & Ethfinex is the answer for dApps looking for liquidity to exchange ERC20 tokens. Amadeus is a community hub for developers, enthusiasts and traders to share, discuss and crowdsource information from across the decentralized ecosystem. The platform allows for trading and discussion of ERC20 compatible tokens and ethereum-based crowdsales. Ethfinex is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. 0x and are ( ) that utilize the to provide “off-chain order relay with on-chain settlement” (more info on this in 0x’s ). Amadeus Ethfinex ecentralized changes D Ex DEX 0x protocol whitepaper How does and tie in with the and ? The first iteration of the Auctus platform will accept deposits in Ethereum ( ) or via smart contracts. After deposit collection, the will trade on the clients’ behalf (on and ) for tokenized assets that compose the pension fund portfolio. Amadeus Ethfinex Auctus Platform Auctus Labs ETH ERC20 Tokens Auctus Platform Amadeus Ethfinex Organization Aragon (ANT) — Aragon was born to bring transparency and independent governance to the forefront of managing an organization. We want to give the users the freedom they deserve to run their lives. Aragon is building a platform where anyone can launch a ( ). In short, in a everything is recorded on the blockchain. This includes, the structure of the company, voting rights, roles, accounting and more — this makes the organization fully transparent. Additionally, decision making is recorded and financial reports are immutable. ecentralized utonomous rganization D A O DAO DAO aims to become a by leveraging . This will . It will allow to give power back to the community, which will drive the organization going forward. To find out more, you can check Auctus’ blog post about becoming a decentralized organization, . Auctus DAO Aragon “protect Auctus and its community from any intermediary trying to abuse its power” Auctus here Data Storage — Bluzelle (BLZ) The next-gen database protocol for the decentralized internet. Bluzelle combines the sharing economy with the token economy — renting individuals’ computer storage space to earn tokens while dApp developers use tokens to have their dApp’s data stored and managed. While there are a few projects out there tackling decentralized storage (Sia, Storj, etc.), is specifically targeting the decentralized database space. This will provide Ethereum dApps (and more) with a decentralized, secure, cheap and easily accessible way of storing and retrieving data. Bluzelle The benefit of integrating with ? Very simply — security, accessibility, reliability and cost effectiveness. Auctus Bluzelle Asset Management — Melon (MLN) Melon can be thought of as a system of tools that enables participants to set up, manage and invest in digital assets and have management strategies that exist within a customizable, predefined ruleset. The system itself is decentralized, and minimizes the requirement for trust. You can imagine it as a toolbox for anyone who has access to digital assets that require management. As mentioned in the Trading & Liquidity section, the will need to be able to invest in tokenized assets that make up a specific portfolio. Since provides all necessary tools, this will allow for easy asset management but also provides the ability to buy and sell assets beyond and tokens (a current limitation of the ). Auctus Platform Melon ETH ERC-20 0x protocol Melon Integration Payments — Request.Network (REQ) Request is a decentralized network that allows anyone to request a payment (a Request Invoice) for which the recipient can pay in a secure way. All of the information is stored in a decentralized authentic ledger. This results in cheaper, easier, and more secure payments, and it allows for a wide range of automation possibilities. The has already featured twice on my blog; once in my “Real World Applications of Cryptocurrencies” which you can find , as well as, “3 Coins To Watch In 2018” which you can find . I am thrilled that has teamed up with the for their payment system. Request Network here here Auctus Request Network By teaming up with the , will be able to easily set-up recurring and continuous payments in order to facilitate Auctus’ clients to make monthly deposits on the platform. Request Network Auctus Request Network Integration Borrowing & Lending — Ripio Credit Network (RCN) RCN is a peer-to-peer global credit network protocol based on cosigned smart contracts and blockchain technology. It offers a real global credit alternative, which overtakes most banking and peer-to-peer loan solutions. The RCN protocol connects lenders and borrowers all over the world in any currency through RCN tokens. By bringing the into the fold, the will enable savers to borrow and lend their assets and in return earn interest. Additionally, the has partnered with the which makes everything fall into place nicely for the . You can find more information on this partnership . Ripio Credit Network Auctus Platform Ripio Credit Network Request Network Auctus Platform here The (initial) Decentralized Components of the Auctus Platform To conclude, what is trying to achieve here is quite commendable. They are aiming to completely decentralize and open-source their platform by launching . By doing so, they are creating a community which is directly involved in the process and progress of the platform in a variety of areas. 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