Octan Network: Establish Trust & Credibility in Web3

TRON Hackathon Hackathon Season 4
1

Project Name: [Octan Network V1.0]
Project Track: [Builder]
Team Name: [Octan Labs]
Team Member(s): [7+, @kristpham ]
Dorahacks Project Link: [https://dorahacks.io/buidl/3140]

Project Goal:

To establish Trust and Credibility in Web3 by the 1st innovative Reputation Ranking System

Project Info:

Octan Network is a game-changing data analytics provider in the Web3 space, which has been recognized with numerous awards in the Blockchain and Crypto industry.

Our unique, innovative Reputation Ranking System (RRS), inspired by Google’s PageRank, provides reputation and credit scores for accounts across chains and applications. By qualifying, classifying, evaluating, and extracting social insights from Web3 entities, our system provides the best quality analytics and the most reliable data from onchain transactions.

Project Website: [https://tron.octan.network/]
Project Test Instructions: [Minting SBT to update reputation score]

Project Details:

Video intro Octan Network: Navigating the Seas of Web3 with Trust and Credibility

What Sets Us Apart?

At Octan Network, we’re on a mission to transform the Web3 landscape by establishing trust and credibility through reliable reputation scores and comprehensive onchain data analytics. We empower our users to make informed decisions with our suite of products and services, tailored to their needs. Our reputation scoring and analysis services, SBT & 1ID data management product, and Oracle service are just a few examples of how we help our users succeed in the decentralized world. Plus, our team of scientific researchers, innovative product buidlers, and business experts is always pushing the boundaries of what’s possible in the Web3 space, ensuring that our clients and users stay ahead of the game, helping them build native Web3 reputation profiles to maximize their benefits.

Technology advantage of Octan Network is the Reputation Ranking System (RRS). It is the CORE engine, an innovation, 1st of its kind in the Blockchain space. RRS utilizes adaptive PageRank, innovative pair-wise mathematical ranking, AI/ML algorithms to compute reputation & credit scores, to evaluate importance of users and applications in the Web3 space. RRS also has a powerful distributed GPU computing protocol, ensuring scalable, efficient computation for thousands GB data with cheapest cost ever. Thus, Octan can offer data analytics to individual Web3 users in which no other can do.

How has Octan Network been Built?

The Octan team has been utilizing and inventing cutting-edge technologies and best practices to develop Octan Network. Our team has a deep and strong knowledge and experience in blockchain, data analytics, and machine learning, which has allowed us to create a robust and reliable system that provides the best quality onchain analytics our users.

We leveraged the TRON and BTTC networks to develop our system and deployed smart contracts on both the mainnet and testnet. Our system architecture is designed to be scalable, secure, ensuring that our users’ data is always safe and protected.

Smart Contract links: Octan SBT contract deployment on BTTC mainnet

Project Milestones:

At Octan Network, we are proud of the recognition we have achieved in the Blockchain and Crypto industry. Our innovative Reputation Ranking System has won multiple awards and has been recognized as a game-changer in the Web3 space.

Q2/2023

  • 1ID & Soulbound Token (Beta mainnet on BTTC)
  • Reputation Board (Beta mainnet on Tron & BTTC)

Q1/2023

Q4/2022
Selected as One of the Top 20 Projects in the Web3Matching event hosted by BNB Chain & Amazon Web Services and powered by Kyros Ventures.

Q2/2022
Won Star Prize Winner from Octopus Accelerator Program (grant of $50,000 prize).

Q1/2022
Won the DFINITY Developer Grant Program (grant of $25,000 prize).

Q3/2019
Presented and published research entitled “Delegated Proof of Reputation: a Novel Blockchain Consensus at international ACM (Association for Computing Machinery) conference

Roadmap Ahead

We have ambitious plans for the future, with a roadmap that reflects our commitment to staying at the forefront of the emerging Web3 industry and providing users with the best possible products and services.

Q2/2023

:white_check_mark:1ID & Soulbound Token (Beta mainnet on BTTC)

:white_check_mark:Reputation Board (Beta mainnet on BTTC)

:ballot_box_with_check:Launch Reputation Board specific to categories: DAO, NFT, DeFi, GameFi, and SocialFi

:ballot_box_with_check:Launch Reputation Board specific to projects

:ballot_box_with_check:Introduce tracking on-chain transactions and reputation scores of user’s wallets in 1ID account

:ballot_box_with_check:Tokenomics proposal

H2/2023

:ballot_box_with_check:Launch Reputation Board specific to SBT owners

:ballot_box_with_check:Introduce tracking on-chain transactions and reputation scores of SBT networks

:ballot_box_with_check:Launch social insight analytics by reputation scores for premium users in 1ID account & SBT

:ballot_box_with_check:TGE and tokenomics integration

2024

:ballot_box_with_check:Expand support for all proposed chains

:ballot_box_with_check:Launch social insight analytics by reputation scores for business accounts in 1ID account & SBT

Want to Stay Updated on Octan Network’s Latest News?

Make sure to follow our official channels, where we’ll be sharing all the latest updates, events, and exciting developments. Don’t miss out on this opportunity to be a part of the Octan community and stay ahead of the curve.

:point_right: Follow us: Octan Network | Twitter | Linktree
:point_right: Visit us here: https://octan.network/

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Welcome to Grand hackathon season 4 :handshake:, keep on building :handshake:

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Bienvenido al S4. Suerte

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Thank you for the warm welcome! :wave:

We are excited to be a part of the Grand hackathon season 4. Let’s make it a great event!

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Welcome back
Wishing you all the best
Keep building

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Welcome to Season 4, loving the whole project details from start to finish. I got a question;

How does the Octan Network plan to incentivize users and developers to participate in the reputation system?

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Greetings @Paven ! Thank you for your post!

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Hello @Paven, So glad to see you and you team joining in S4 of the TRON Hackathon!

I had a few questions after looking over your post:

  1. How does Octan Network ensure the accuracy and reliability of its data analytics, and what steps does it take to maintain its data quality?

  2. Can you discuss any partnerships or collaborations that Octan Network has formed with other companies or organizations in the Web3 space, and how these partnerships contribute to the company’s success?

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Thank you for your interest in Octan Network. We are pleased to address any questions you may have.

  1. Octan conducts experiments on large datasets, such as the BSC network, with customized timeframes to measure activity and effectiveness. For example, we discovered that Hooked Protocol (HOOK) had the highest RS on the BNB during its IDO period, and wallets interacting with HOOK experienced significant RS gains. We provide a validation report with every data processing and calculation to maintain quality.
    To ensure reliability, Octan applies advanced pairwise ranking algorithms (adaptive & personalized Pagerank, HodgeRank) and improve them to adapt with Web3 space. This involves practical implementation, user feedback through features such as rating and reporting, and evaluating scoring systems based on performance indices while providing data analytics services to clients. For instance, when classifying addresses for an airdrop campaign, we assess whether the wallets receiving the airdrops continue to interact with the token contract over a given period.

  2. Octan is currently in discussions with various partnerships and collaborations, including Trustkeys Network (Socialfi), YGG (Gamefi), Derivable (Defi), and especially Konami - with a focus on providing the RS system for their NFT marketplace. To demonstrate the importance of our services in market research and targeted marketing, we offer complimentary services to classify web3 entities and analyze data for our partners. After this initial step, partners will receive a business account that allows them to view dashboard analyses similar to Nansen’s, but with a focus on social insight and user personas in web3. These analyses will help us determine the appropriate pricing model and subscription plan.

Please contact us if you would like to learn more about our ranking system services for your projects.

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Trust and credibility is very crucial in a decentralized world.

My question is in the cause of ranking these projects, what does it mean when a project has lowest rank. Does it mean the project is not to be trusted and hence not credible.

Does projects apply to your system to be ranked or once OCTAN is on tron, it means every dapp on tron will automatically be evaluated and ranked.

Can you please shed more light on it for me.

Also i will like to congratulate and welcome you once again to this season. Wishing you all the best.

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Entonces si lo entiendo bien, los usuarios dispondrán de las empresas que estén afiliadas con ustedes información fidedigna, tanto si se trata de inversión o de otro concepto y en contrapartida las empresas podrán analizar si el usuario tiene actividad con estas.
CorrĂ­jame si me equivoco.
Gracias.

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thanks for your question. You are all right. Octan Reputation Ranking System takes all public addresses and their transactions into account. It learns and analyzes interrelationship between all accounts, hence evaluating their importance and social insights in Web3 graph. Octan Reputation Ranking System evaluates reputation scores of both contracts (thus, dapps) and individual wallets.

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yes, based on reputation scores, people have a comprehensive insight over a dapp or an indidual wallet.

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Gracias por la aclaraciĂłn.

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The milestones look comprehensive. Keep up the good work :clap:

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You have put the idea in your mind very well and your site design is magnificent. You definitely have one of the 5 best crafted sites I’ve seen on the forum. Hoping you will take this project further…

If you want to review also our project:
#E3 MusiCoinCity - myriad places & exclusive sounds
ours is here too.

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@Paven
Very good roadmap. I follow the project and wait for updates. :+1:

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Thank you for sharing. Trust is an important research product. Am happy to see this coming out. For your roadmap going forward, I see the tasks to do, but can you please share the story for more generally what you are trying to in Q3 and Q4?

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we are improving our product and expand to more chains

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