Odaily learned that the AVATAR Network project has completed an angel round of financing with a total of 10 million RMB in May this year. The investors are Achain Ecological Fund, Wanbi Capital, Daosheng Capital, kCash Foundation, and Juxiu Capital. AVATAR Network CEO Guo Wenjun revealed to Odaily that this round of financing will be used for AVATAR Network team building and early system development.
The AVATAR Network project was founded in September last year. CEO Guo Wenjun has served as the RD director of several Internet companies. In 2015, he created the new retail enterprise KB Supply Chain. CTO Zhao Shutuan was the CTO of Hezhong Property Insurance. He has many years of experience in the core system of the human resources industry R D experience. In May of this year, the team began to operate a global human resources community based on telegram, with about 80,000 existing users.
In 2017, the overall size of the global human resource recruitment market reached 400 billion euros, and it continued to increase at an annual growth rate of 8%. In traditional online human resource scenarios, data is monopolized by centralized organizations, high recruitment costs for employers, privacy disclosure of job seekers, and data tampering are all pain points for traditional centralized human resources organizations. AVATAR Network hopes to realize a decentralized real-name professional identity network by storing professional identity data in a decentralized manner, while trying to solve data security and authenticity issues.
AVATAR Network mainly wants to realize this vision in the form of smart contracts and ATT (AVATAR Network official token).Job seekers and employers upload information to the chain to realize peer-to-peer transactions.
Accounts in AVATAR Network are divided into three types, namely:
Personal accounts, accounts held by individual professionals;
Enterprise account, the account held by the employing enterprise (issued after audit by the foundation);
Smart contract account, the account node for storing contracts in the Avatar network.
In this network, smart contract accounts can be understood as fully automated agent robots. Personal accounts and corporate accounts execute smart contracts in the accounts by sending structured messages (Message) to smart contract accounts. This includes creating a transaction, writing the corresponding data, and signing the transaction.
Centralized institutions have the possibility of doing evil. Decentralized system designers should design rules to guide the data in the system to move in a more correct direction, instead of participating in judging the authenticity of data. Guo Wenjun introduced , AVATAR Network uses tokens as incentives, and any behavior that contributes data to the system will be rewarded. These data include both identity data and authentication data (authentication and falsification); through token incentives for authentication behaviors, individuals and institutions are encouraged to Go to authentication.
Among them, the authenticator may be an organization that has served, or a former colleague of the organization that has been certified as genuine, or a non-profit third-party data organization. Since the data sources of two-way authentication are diverse, and all include token incentives, the cost of bribery for counterfeiters is high. In addition, data cannot be tampered at the granularity of transactions, which also increases the difficulty of counterfeiting.
(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. If you are looking for reports, please add WeChat: 16601131135. Please note your name, company, and position.)
(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. If you are looking for reports, please add WeChat: 16601131135. Please note your name, company, and position.)
