Rockchain wants to provide a distributed global infrastructure for data processing and highly configurable data access rights management.
The Rockchain infrastructure is solving the private public Blockchain dilemma. Rockchain is achieving this with two core features: • An access rights orchestrator managing rights on peer to peer node connections • A script engine that can perform computation on private data without compromising the data privacy. The Rockchain infrastructure is also creating an incentivisation scheme for miners (CPU or GPU) to help running the distributed datascripts. For that, create a new protocol called the “Proof of Computation”. The Proof of Computation is made possible since all steps of script engine are auditable through a hash, and the global state of the program is represented as an evolving merkle tree. There are also able to provide a consensus protocol between the script engines to synchronize the instances, and make sure malicious nodes cannot fake executing a given script agains the majority of nodes. Therefore, with Rockchain, distributed computation(s) are occurring in an hybrid way both on private local dAppBox (FactMapNode) (while preserving privacy) and also on the public Rockchain infrastructure, making a computation-link between private corporate networks and public distributed networks. Competitors of Rockchain are SONM and Golem.
An identified potential competitor is Google through its support of schema.org entities, linked data, affordances and actions, which is used by Google Home Assistant. Google is de facto creating a distributed data processing engine on its local home assistant devices. However, Google has no public plan to create an economical platform associated with rules (or actions) triggered on home events; moreover, Google treats all data as public, giving no opt-in rights for the usage of users data, distributing the data to Google Home partners.
Why Rockchain need ICO ?
Rockchain is an ambitious infrastructure solving a major issue: linking the corporate networks to the public blockchain. They seen other very promising projects on those topics (such as Polkadot) but Rockchain is integrated into a unique scripting engine (à la Ethereum); think the simplicity of the design is a key success factor for enforcing complex distributed privacy constraints. Because rockahin helping the incredible Ethereum community to connect to the corporate world, preventing the birth of numerous Ethereum private clones, rockchain can get some support from the community. Team truly believe Rockchain success will increase considerably the functional scope of the DAPPs.
The token sold during the token launch is known as the Rockchain Token, or ROK. This is the only time that these tokens can be created, and therefore the total supply of ROK is fixed. The ROK token is defined with 18 decimals at token launch. Rockchain is raising at least 18,000 ETH to finance the AGATE Essentials Edition. If this amount is not raised, investors will get the option to take their ETH back and be fully reimbursed. If sufficient amount of ETH are raised, the financing of other Editions (ONYX or PERIDOT) might occur. The Rockchain team will prioritize the ONYX Edition over the PERIDOT Edition should the amount of ETH raised allow only one of the two. The full scope of Rockchain platform features (AGATE + ONYX + PERIDOT) requires 100,000 ETH to be raised; if that amount is reached the token sale would stop. Required ETH amounts associated to each editions are a minimum requirements for financing the features; if more than this amount was raised, Rockchain will not reimburse the investors.