Lynked World : About Ecosystem & Token Sale

in #blokchain6 years ago

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Lynked.World is a blockchain based secure platform for individuals and institutions to own, control and share digitally trusted identity, data and documents.

Lynked.World solves critical problems faced by individuals and organizations in today’s digital world:

  • An absence of a guaranteed secure and trusted identity of each individual and entity
  • No common premise for Trust and Authenticity of data across various use cases
  • Inefficiency and increased costs due to intermediaries involved in processes
  • Inability to provide access to many kinds of services over digital platforms due to the non-secure nature of digital identity and associated data

Our vision is to ensure that trustworthiness of our digital identities, data and documents is transformed from a question mark to a veritable asset, using blockchain technology. We aim to provide a fully functional ecosystem, with provisions for developing easy to use configurable forms, and entirely new applications deployable by any organization on need basis – providing relevant and tailored services for consumers focusing on a plethora of scenarios from daily life. Consequently, this would reveal many new explorable avenues for services that can be offered using our stage. “Trust” is now a dependable friend on our side, the veracity of our digital persona being inherent and embedded in our offering.

Our Ecosystem

The Lynked.World eco system is a multi-faceted solution comprising of an entire application platform developed from ground up to be able to harness the features of blockchain technologies. Our platform is based on the Ethereum blockchain and comprises of feature rich modules solving real life problems around trust and authenticity of digital identities, documents and data for both consumers and corporates alike.

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At Lynked.World we are motivated to contribute to the next version of the digital age (Web 3.0) by building an ecosystem to harness the benefits that decentralized applications built on blockchain platforms provide. Our aim is to provide a multi-faceted solution comprising of an entire application platform based on blockchain. This will allow businesses to build customized forms and applications to cater to their own specific needs for providing different services to consumers, without needing to be concerned about the authenticity of the digital identities of the different entities involved and the data and documents shared by these entities.

The journey does not end here. We also provide decentralized applications ready to be used by consumers and businesses alike across different domains for addressing issues related to digital data authenticity.

LYNK Token

The “LYNK” token is an ERC-20 standard token built on the Ethereum platform. It is fractionally divisible, transferable and fungible. LYNK tokens will also be tradeable on cryptocurrency exchanges in due course of time. “LYNK” tokens will be used for transfer of “value” for any services offered and availed of over the Lynked.World application platform. They act as the medium of compensation for the transfer of “value” between the participants in the ecosystem for performing various transactions, for example, related to the identification and validation of user data and so on.

The token balances and transfers will be tracked by Lynked.World. In the case of any untoward, unforeseen and undesirable incident, such as token theft, contract compromise, or a disrupting change of Ethereum protocol, Lynked.World may opt to freeze token transfers and issue a new token contract with balances replacing that of the original token registry by certain date. In the case of an Ethereum fork, Lynked.World will properly announce which branch it will support.

LYNK Token Usage

LYNK tokens will be used as:

  • A medium of exchange of value for services rendered over the Lynked.World platform
  • A medium of incentivising participants in the Lynked.World platform for staking (holding) LYNK tokens

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Below are some examples on where “LYNK” tokens will be used in our platform. These examples are by no means an exhaustive list and nor do they elaborate details on each and every use case. However, they should provide a good idea of the token based economy and how the tokens will be used:

  • For transfer of value when availing services for identity verifications
  • For transfer of value when availing services for document/certificate verifications and/or endorsements
  • For hosting services (like applications, registration forms etc.) either within the platform or on external platforms using Lynked.World API’s
  • For verification of the authenticity of identity and digital documents received within the platform using our verification services
  • For KYC services
  • For rewarding users participating in community activities
  • For posting jobs on the Lynked.World Job Portal
  • For payment of fee to Lynked.World for using services features such as digital ID cards, attendance registrations etc.

Token Sale

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The LYNK Pubic Token Sale sale will start on the 15th November 2018 and continue till 10th February 2019. The entire sale has been broken down into 4 individual rounds with varying discounts to the base price (0.35 USD) for each LYNK token.

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Budget Allocation

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  • Development (30%)
    Efforts in developing additional features of the ecosystem, smart contract developments, architecture enhancements, collaborating with partners to integrate new features and completion of other milestone objectives.

  • Marketing (50%)
    Investment in different marketing efforts with partners and using PR agencies to increase brand presence, showcase product, onboard end users and businesses using digital media, events, conferences and so on.

  • Operations (17 %)
    Corporate development and expenditure across various company expenses such as premises, facilities, travel, administration, taxes etc.

  • Legal (3%)
    Regulatory and legal expenses.

1. LYNKED Digital Wallet

Lynked.World Digital wallet is a feature rich offering of our application portfolio, which aims to replace traditional practices of having to carry physical documents in person by making it possible to store and share digital documents securely and conveniently.

Using our Digital Wallet, electronic copies of all of your personal identification and other documents e.g. Passport, Driver’s License, Medical records, Travel Passes etc. can be securely stored in your mobile device and can be shared with other parties using QR codes, on demand, with your consent and approval. Apart from the storage of digital documents, the wallet also allows issue, verification of these documents by the issuing authorities on the blockchain; all within the ease and space of the same application.

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2. LYNKED Sharing Documents via QR Codes

A unique feature of our Digital Wallet is the way in which blockchain-based verified identity, data and digital documents can be requested and shared by members of our ecosystem using configurable QR codes. The application allows generation of a dynamic QR code to request specific data and document sharing. The end-to-end process has been elaborated diagrammatically below.

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3. LYNKED Application Development Platform

Lynked.World Application platform is the primary basis of all applications built (built as a part of our product portfolio and/or third parties) on top of our ecosystem and forms the core of the entire suite of our products. The application platform is founded on top of the Ethereum blockchain and provides limitless opportunities for organizations to build and host their own applications on top, to cater to their own specific needs.

Applications based on Lynked.World platform will benefit from the security and authenticity of digital identity solution natively embedded in our platform, by our own digital identity products. In effect therefore, our application development platform serves to be an ideal one for Identity based applications to be developed and hosted on.

The full usage spectrum of our application development platform (once it is completely developed and it reaches full maturity) is immeasurably wide, being limited only by the imagination of the organizations and future application developers who choose to work with it.

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4. LYNKED Key Features of our Application Development Platform

Lynked.World application platform has been built from ground up with emphasis around security and governance of the data created and shared by members on our platform. We value and respect the fact that members should have complete control over their data, identity documents and other digital documents which makes it imperative for our platform to make storage and transmission of data and digital documents secure by design.

We have laid down the following rules for data storage and transmission, which serve as the basis of how data moves within and outside our ecosystem:

  • Lynked.World will only store Public Data (Education, Experience etc.) for members on its platform (on our servers).
  • Private Data (Email, Phone No. etc.), digital identify and other digital documents belonging to owners shall always reside only on their own personal devices (mobile devices)
  • During transmission of data (for example when required to validate data/digital documents using our platform), the data/documents will only be stored temporarily on our servers till the time the receiver has received the data. Once the transmission has been successfully completed, the data/document will be deleted from our servers.
  • The members always have ownership and control over their data on our platform. No data will be shared within and/or outside the platform without the consent of the data owner.
  • All data storage as well as transmission will be encrypted to ensure security against data theft

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5. LYNKED Dynamic Profile/Configurable Forms

The development platform offered by us, empowers any organization to easily create forms, and fluidly deploy the same for multi-area usage. A good example being applications or request forms for different services – services that are intended to be provided by the organizations to consumers via our platform. All the while users will have access to the authenticated digital identities created in our environment thanks to our platform.

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6. LYNKED Support for Independent Applications

Lynked.World Application Platform also supports applications built by external organizations and third parties, to be hosted on our platform. Not only are we providing the base on which applications can be built, but we are also assisting in making the development of such applications easier, by providing commonly used “enablers” as pre-packaged units ready to be configured and used, for specific use cases in any new application. These are actually mini applications in themselves which can be changed and tailored fit for multiple scenarios according to needs. A sneak peek to some of those “enablers” in the making are presented below

Q-APP

An identity-based application to place users in a virtual queue, for availing certain services sequential way i.e. to simulate a first come first serve working basis.

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7. LYNKED Multi Signature Contract

Reliably signing a contract when the signatories involved are at different locations or are on the move is still not manageable in a convenient way. Lynked.World’s MultiSignature Contracts based on Ethereum blockchain aims to make digitally signing of contracts convenient and worryfree.

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8. LYNKED Blockchain based e-Voting

With so many transactions and activities being possible online, why can’t we vote online? e-Voting scenarios appear quite frequently in many use cases and hence our platform will also provide a blockchain-based voting system that makes voting completely secure and tamper-proof. Our application can be tailored to be used for different kind of voting scenarios – government, corporate or private.

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9. LYNKED Blockchain based e-Auction

Reliable transaction and security are the two most significant points of concern in e-Auction. Our e-Auction app build on blockchain technologyhas the element of trust and reliability infused in it. The e-Auction application can be used for auctions to be held online.

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10. LYNKED Access to Identity and other API’s

We are also developing a host of Application Programming Interfaces that can be called by any third-party application after authentication. This provides them access to the authenticated profiles created in our digital environment and also gives access to other data in the same ecosystem, on need basis, subject to authorization from the users.

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An example of how our API’s can be used to implement the configurable form feature in other
websites is below

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Roadmap

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More about Lynked.World Project :
Website : https://tokensale.lynked.world/
WP : https://tokensale.lynked.world/images/Lynked.World_Whitepaper_EN.pdf
Facebook : https://www.facebook.com/lynkedW/
Twitter : https://twitter.com/LynkedW
Medium : https://medium.com/@ur.lynked.world
LinkedIn : https://www.linkedin.com/company/lynked-world/
Reddit : https://www.reddit.com/r/lynkedworld
Telegram : https://t.me/lynkedw

Author :
Username bitcointalk : trysetya11
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1686500
ERC20 Wallet Address : 0x24F26311B28E86523DB5f34BbF69cb63f331D403

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