Hub Human Trust Protocol An introduction
Team Eric Rich Miko Nikolai Kyle Ly Miller Matsumura Oreshkin Wang Founder & CEO CTO CMO Chief Advisor Head of Business Development • LinkedIn Co-Founder • Architect, technology • Sun Chief Java • Elysium Venture • Venture Investor strategist Evangelist Capital Managing Coinbar Group • Four time co-founder Partner • Security, messaging, • Venture Partner, • IBM Sr. Consultant, of internet startups • Founder of one of the with success exits cloud computing & BitBull Capital Blockchain & Sales big data fi rst ISPs in Belarus Tiger Team • Stanford, MIT • U. of Michigan, Yale • Stanford • Stanford, Belarusian • Penn State University State University
What’s Wrong With Trust on the Internet? The Internet has dramatically increased the number of people who users can interact with, but it has not done much to help users trust them # of well- known contacts Average # of (Dunbar Facebook # of potential contacts on the Internet number) friends 150 350 3,800,000,000 LEVEL OF TRUST LOW HIGH
Problems Fundamental Issues With Content & Trust Issues With Centralized Reputation Volume & quality of content Partial and fragmented Social platforms and messengers are flooded with A user’s reputation is fragmented across multiple unwanted messages and inaccurate or misleading services, hindering an efficient, comprehensive & content that lead to faulty decision making. transparent view of their trustworthiness. Maximum # of trusted contacts is limited Limited ability to manage it The Dunbar number says the average person can Reputation data is embedded and owned by application maintain at most 150 trusted connections, yet today’s creators who control and exploit it. world demands interactions well beyond this limit. Lack of portability Not enough trust online After investing significant effort in fostering trust in one community, users are unable to transfer their trust Instead of completing transactions online, users rely on elsewhere. phone calls and face-to-face meetings to consummate transactions.
Opportunity Greater trust unlocks economic opportunities for billions of people Social networks & Sharing economy messengers $335B Annual worldwide $150B revenue by use case by 2025 Economic Market cap in the trillions opportunities for a cryptocurrency that >$2.7T will power 10-20% economic opportunities on a blockchain B2B Online-to-offline (O2O) $1.8T $431B Sources: PwC, Facebook, Forrester, TechCrunch
Use Cases The Human Trust Protocol is valuable in many scenarios Messengers and Online Peer-to-Peer Marketplaces Social Networks Communities Transactions between By associating posts, Reputation and trust results sellers and buyers of sponsored updates, and from understanding products and services can marketing messages interactions in messaging, be rated, reviewed and their reactions and activity from group chats and online outcomes tracked. This users and companies, forums. Trust among users is reputation history conveys trustworthy sources of increased, and It becomes the trustworthiness of content are surfaced, and possible to surface experts sellers and even the the authenticity of and in fl uencers. reliability of buyers. information can be known.
Introducing Human Trust Protocol
Human Trust Protocol Solves endemic trust problems & usable in any community and marketplace 1. Veri fi able & portable trust 2. Self-sovereign reputation data 3. Multi-dimensional reputation 4. Context-sensitive trust scoring 5. Incentivization of trustworthy interactions
Three Pillars of the Protocol Identity Reputation Trust Foundations Past outcomes Future behavior Associate reputation data to Capture rich and raw reputation Provides for evaluating a user’s identities. Each account will data by which applications can capability and intent on a new reference an identity using enable users to make the best interaction decentralized digital identities interpretation of trustworthiness Human Trust Protocol Decentralized Trust Network
Public & Decentralized Blockchain HTP Node Decentralized Trust Network Client Application Public Permissioned Blockchain Clients Application Logic Tasks Reputations Trust Evaluator(s) Task Store Observer Wallets Nodes O fg -Chain Data Validator Nodes Storage Decentralized nodes anchor The trust network uses a multi-layer node Clients access the veri fi able data on a blockchain with approach for scalability. Validator nodes Protocol for reputation scalable data storage o ff -chain. accepting write transactions and synchronize data to help users using BFT consensus. Observer nodes provide assess trust. Trust read-only requests and mainly serve reputation evaluators score data reputation data.
Trust Stake Incentive for trustworthy interactions Customer On interactions and Hub Network transactions, participants pledge stakes. Scenario 1 When a task is successful, participants earn reputation and get their stake back in addition to rewards. MONEY STAKE + RECORD IN REPUTATION PROFILE EXECUTION FEE Contractor
Trust Stake Customer Scenario 2 When an interaction does not go as expected, an Arbitrator decides in arbitrator may get involved. favor of the Customer If they decide in favor of the customer, the trust stake for Customer not satis fi ed both are redistributed to the with results Hub Network customer. Either way, both Arbitrator participants develop more reputation from their Arbitrator decides in interaction. favor of the Contractor MONEY STAKE RECORD IN REPUTATION PROFILE Scenario 1 EXECUTION FEE Contractor
Hub Token Economy & Uses Task Developers Users 1. Pledging stake Incentivizes users to be trustworthy on tasks 2. Operation of Incentivizes increased decentralization of the network nodes Market 3. Payment for Incentivizes community developers to create additional task usage application scenarios 4. Payment Increases adoption and engagement of the Protocol by Foundation Full Nodes users
Task Store Many interactions will need trust Developers in the community can create new tasks for a Task Store to extend the Protocol and mine tokens from their use Examples: • Sell a product or service • Sign a contract • Post a job • Collect an invoice • Join a community • Arbitrate a dispute • Make a post • Assign a title
Proof of concept reputation system for ICOs Find the Best ICOs Find the Best Investors Integrated with HTP Trust scores are Users stake on votes on the Proof of concept calculated on ICO likelihood of ICO success application built on the projects and investors and are rewarded if they’re first implementation of from multiple data right HTP sources
Hub App Communities The Hub app is a next-generation professional network built on a Hubs, which are communities, that organize around industries, business messenger experience communities, interests, networks, associations, and collective efforts It will serve as a proof of concept that will use and advance the Protocol Messaging Integrated with HTP Built-in messaging system for fast and The Hub app will serve as both a consumer secure one-on-one and group and contributor to the Protocol’s reputation messaging (including multimedia data in helping users create trust in the messages, document attachments, communities that the app will support voice/video chats and chatbots) Security and Privacy End-to-end encryption of both Transactions messaging and community content with opportunities to decentralize the Transactions will be supported on the app’s backend community and the peer-to-peer levels
Roadmap Q4 HTP Testnet delivered Development of Hub app Begin ICOhub “PoC” application 2018 NETWORK LAUNCH Mar/ Q2 Q4 Apr ICOhub “PoC” application HTP version 2 launch MVP launch of HTP Provisional launch of HTP Hub App MVP with HTP Launch of Hub token 2019 Select community partners Security audits Q2 Q1 Trust stakes defaults white paper HTP version 3 launch “PoC” Trust Evaluators (Task taxonomy, task store)
“The currency of the new economy is trust.” —Rachel Botsman
Hub t.me/hubtoken
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