ORE: A Glimpse of What’s in The Latest Whitepaper

AIKON, as the creators of ORE ID single sign-on for blockchain service, is a key launch partner of the Open Rights Exchange (ORE) Blockchain. The Open Rights Foundation just updated their whitepaper, which can be accessed here.

Much of their original vision remains intact. Put simply, that means our shared goal of getting 100 million people to use blockchain for the first time by 2025 still remains. We still see blockchain adoption not as a tech problem but as a transition challenge for businesses and companies. Meaning to say that people shouldn’t need to understand blockchain technology to use it, they need only to know that the services they’re using have finally chosen to store their identities and assets on the cloud, using AIKON’s ORE ID and ORE Protocol.

And because blockchain is about decentralization and empowerment, all people will need to understand about adopting blockchain is that their identities, their rights and their assets now belong to them. And they won’t need to hope that one company will do it for them; instead, ORE will be the bridge connecting these millions of people from all over the world to the thousands of projects and companies that have finally made the decision to transition to the future using blockchain.

At the same time, we have made some important changes to our whitepaper to reflect how developments in the past year will affect these plans. So here are just some of these new items.

1. Additional use cases and expanded blockchain integrations.

Since bringing on board Everipedia to deploy ORE ID – which lets users use traditional identities like Gmail or Facebook accounts to log in to multiple blockchain identities – we have also brought on many more businesses like Republic.co deploying ORE ID, giving their users the convenience of using existing accounts to create new logins, while benefiting from the extra security of blockchain-based cryptography and cloud storage to ensure their personal identities aren’t kept on a single, centralized point of failure. Republic.co can now also create Algorand wallets for their users to deliver their new security token, The Note.

At the center of ORE ID, the advantages over current blockchain identity management solutions are the same. On one side, businesses can create and manage keys for users to keep the migration very user friendly. But on the other side, should users choose to claim their full independence enabled by blockchain, they can take sole control of their owner keys any time they want!

2. Clarifying AIKON and the ORE core solution

The ORE core solution consists of the EOS.IO sister chain, the ORE Blockchain, as well as the open source ORE Protocol.

AIKON acts as a launch partner for the ORE ID cloud solution, which is currently the most widely-known application built atop the ORE Blockchain. We see companies using ORE ID as a way to migrate their users to the ORE Blockchain, giving them a unified interface for managing access control, authentication, and financial settlement to other public blockchains at scale.

3. Clarifying proposed Token Rewards

Much of the original ORE Token model remains the same, where tokens have a proportionate claim to total system resources available. But we have added in a new section on how ORE will manage token economics on chain, using smart contracts to manage the inflation and rewards model. This implementation helps to ensure that rewards are distributed transparently and allows potential utility users and block producers to determine their expected rewards algorithmically.

Smart contracts will also trigger RAM expansions for Block Producers to expand RAM, leading to the associated price decreases. In this way, Block Producers who don’t keep pace with RAM expansion will be removed from the active rotation until they add enough RAM to be voted in again.

Check out Pages 19 – 22 for some explanatory graphs on the above.

And finally, we introduce the faces of our people working behind the scenes considered to be the core contributors to ORE!
Meet some of the ORE contributors here:  Randy Torres (Development), Basarcan Celebci (Smart Contract Development), Daniel Lin (Product Design), Mariana Sahagún (Visual Design), Dr Fen Zhao (Technical Strategy), Richard D Titus (Blockchain Strategy), and the amazing people from EOS Titan and 0rigin!

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Important Notice: ORE users will need to bridge tokens to Ethereum over the pNetwork bridge by December 21, 2023