nCent Labs Tokyo Presentation

NCent Labs is building a decentralized protocol for incentive markets that reward people for solving hard problems together. nCent Labs are launching a novel base layer protocol that is optimized to create and run incentive programs efficiently at scale.

The network tokens, called NCNT, efficiently track the provenance (or referral) chain of a user and provide the exchange mechanism for correct payouts.

nCent investors include Sequoia Capital, Winklevoss Capital, and MetaStable, among others. nCent is a new blockchain that tracks the value users contribute to an incentive program. Inspired by the MIT solution to DARPA's red balloon challenge, nCent further offers: Anyone can audit transactions in the ledger and verify that the protocol properly allocates rewards.

The ledger reveals useful incentive market behaviors while preserving user pseudonymity. The blockchain is secured at scale by a web of trust derived from Federated Byzantine Agreement. Anyone can run a validator node, and incentive market sponsors, in particular, have a protocol-level vested interest in doing so.

Users don't need to trust each other or a third party, permitting incentive markets to exist at a larger scale than previously possible under a centralized system, much like the internet. Furthermore, a user can derive value from different parties that are not themselves in a trust relationship through a distributed incentive marketplace.

For more information about nCent, please visit https://ncent.io

Here's a video of their Tokyo presentation: