Litepaper
Context Protocol is a Semantic Decentralized Data Storage Protocol that aims to revolutionize the way we interact with data. Providing a decentralized and semantic approach to storing and managing data on the blockchain, offering users the ability to create and manage data through smart contracts while adding semantic meaning to the stored information. By giving common language for data, Context enables easy understanding and efficient usage across all applications. It represents the next step in data interoperability, providing the necessary context for data to be fully understood and utilized.
Data management presents several significant challenges that Context aims to address. First and foremost, the need for a decentralized database of open knowledge that is accessible to everyone, while at the same time ensuring data security and privacy. Secondly, the need for an open-source global repository for data schemas or standards to structure data in a unified way. This will make data storage and interaction more efficient and effective.
Thirdly, there is a lack of a consistent data structure, making it difficult for developers and users to interact with data in a unified way. This inconsistency poses a challenge to the efficient and effective utilization of data. Fourthly, data and its structure have no clear and consistent associations, making it challenging for developers and users to understand the context and meaning of the data they are working with.
Finally, Context recognizes the need for data to have context and be alive. It must be accessible, understandable, and usable for anyone, anywhere, and at any time. Context is a platform that addresses these challenges and aims to create a world where data is universally accessible, easily understandable, and efficiently utilized.
Mision: To create a decentralized open data platform that enables seamless interoperability and accessibility of data across all applications, while ensuring data privacy, security, and integrity.
Vision: To empower individuals and organizations with the necessary tools and infrastructure to unlock the full potential of open data, driving innovation, collaboration, and positive impact across all sectors and communities worldwide.
The technology stack for Context includes several key components that are essential for managing and interacting with the platform. These include:
- Smart Contracts: These are the foundation of the Context platform, and are responsible for managing the registry, schemas, and smartpods. They are written in Solidity, and are open-source, allowing anyone to review and contribute to their development.
- Command-line Interface (CLI): The CLI is a tool that allows users to interact with the platform from the terminal. It is designed to be user-friendly and easy to use, and provides commands for managing smartpods, schemas, and the registry.
- Software Development Kit (SDK): The SDK is a library of code that allows developers to interact with the platform from their own code. It provides a simple and consistent interface for interacting with the platform, and is available in multiple languages.
- API: The API provides a way for external applications to query the registry and retrieve information about smartpods and schemas. It is designed to be fast and efficient, and provides a consistent interface for interacting with the platform.
All these components work together to make Context a powerful and flexible platform for managing open data, and make it easy for developers to build applications and services on top of it.
One of the main benefits of Context is that we provide developers with a clear and consistent way to associate data with its structure. By using a GraphQL-style approach, schemas are easy to understand and work with, making it simple for developers to interact with and manage data in Context.
type Organization {
name: String!
url: String
}
Smartdocs are smart contracts that hold information and data in a structured format that follows a specific schema. These schemas provide a standardized way for data to be organized and understood. The benefits of using smartDocs include:
- 1.Data is organized in a consistent and predictable way, making it easier to work with and access.
- 2.SmartDocs are decentralized and can be owned by anyone, which ensures that data is not controlled by any single entity.
- 3.SmartDocs can be easily edited and updated by their owners, which allows for the data they hold to stay up-to-date and relevant.
- 4.Smartdocs can be easily referenced by their Universal Registry name, making it easy for others to discover and interact with the data they contain.
- 5.SmartDocs can be connected to other smartDocs, which allows for the creation of complex data structures and relationships.
- 6.SmartDocs can be deployed to the blockchain, which provides an immutable record of all data transactions, ensuring data integrity and security.
- 7.SmartDocs can be integrated with different apps, dApps and protocols, which allows for data to be used in many different contexts and use cases.
Each time the data in a smartdoc is updated, a new version of the SmartDoc is created, allowing for traceability of the data's evolution over time.
This versioning system is unique to smartdocs and different from traditional versioning systems like those used in Github for code. It does not use major, minor, and patch versioning and does not have branches, instead, it focuses on data traceability
The ability to extend smartdocs allows for greater flexibility and versatility in the way data is organized and represented. By allowing smartdocs to incorporate fields from additional schemas, users are able to create more complex and detailed representations of the data they are working with. This feature, known as composability, allows for the creation of custom data structures that can be tailored to specific use cases.
Overall, the ability to extend smartdocs provides developers with a powerful tool for organizing and representing data in a way that is both flexible and easy to understand.
The Registry is a decentralized and open-source smart contract that acts as the backbone of the Context ecosystem. It serves as a global, decentralized name service for data that is stored within the Context network. The Registry allows users to associate a unique name to a SmartDocs, which can then be easily referenced and queried by other users within the ecosystem.
Universal Name Service
A Universal Name Service is a decentralized naming system that allows users to assign unique and human-readable names to any resource, whether it be a person, project, product, or any other type of item. Unlike traditional naming systems, such as DNS, which are limited to a specific set of resources, like IP addresses, a Universal Name Service can be used to assign names to any type of resource, providing a more versatile and flexible naming system. The benefits of a Universal Name Service include the ability to easily and consistently reference resources, improved data interoperability, and increased human-readability of data. The ability to extend smartdocs also enables the composability of data, making it easier to build and maintain complex data structures.
Benefits of the Universal Name Service include:
- Decentralization: The Registry is not controlled by any single entity, ensuring that data is accessible to everyone and that there is no central point of failure.
- Ease of use: The Registry provides a simple and intuitive interface for users to name and reference SmartPods, making it easy for developers to work with and query the data stored within the network.
- Interoperability: The Registry allows for different applications and systems to easily reference and query data stored within the Context network, promoting interoperability between different systems.
- Security: The use of a decentralized name service provides an additional layer of security, as there is no single point of attack or failure.
- Traceability: The Registry allows for the traceability of data, as all versions of a SmartPod can be easily accessed and queried.
- Incentivized participation: The Registry incentivizes participation in the network through the use of the Context token and a portion of the fees paid for naming and referencing SmartPods is directed to the working group responsible for curating the namespace.
The Registry allows anyone with a name, such as an organization or project, to add subnames. This allows for a flexible way of organizing information, making it easy to navigate and find the data needed. Additionally, the Registry ensures that all the names and schemas are unique and can't be duplicated, which ensures the integrity of the data stored in Context.
The process of creating and evolving a standard in Context begins with the editor, who is responsible for defining the initial structure and format of the schema. Contributors can then add proposals for new fields or modifications to the schema, which the editor can review and accept or reject.
Once the schema has been established, editors can invite new contributors to join the working group and contribute to the schema's development. Additionally, curators are also added to the working group to ensure the quality of the names being used. They are responsible for curating the names that are using the schema and can add new names under the core/organization schema, for example.
As the schema evolves, contributors are incentivized to create and maintain better standards through a small fee paid in our token. A portion of this payment goes to the treasury of the working group, providing an additional incentive for collaboration and improvement.
The schemas serve as the foundation and are designed to provide a common language for data to be understood and used in any application.
The schemas, which are used to represent individuals, organizations, and projects, respectively. These schemas are designed to be simple and flexible, allowing them to be easily extended and customized to suit their specific needs.
Schemas:
- human
- organization
- project
- address
- place
- social
- team
- document
At the first stage of the project, only one schema can be assigned a name, and these names will be curated by the curators of Context or partner to ensure the quality of the data being represented. This allows for a consistent and well-structured foundation for all data in the platform, and ensures that all data has context and can be easily understood and used in any application. The Contributors act as a gatekeeper to ensure the quality of the data being represented in the platform.
Context is a powerful tool for managing data in a decentralized and interoperable way. It provides a range of benefits for projects and applications, including:
Context enables data portability by providing a common language for data that can be easily understood and used across different applications and systems. This means that data can be moved between different platforms and applications without the need for costly and time-consuming data conversion processes. With Context, data can be easily shared, reused, and integrated, allowing for more efficient and effective data management.
Context makes data interoperable by providing a standardized data structure that can be used across different applications and systems. This means that data can be easily exchanged and integrated between different platforms and applications, making it possible to create more complex and powerful applications that draw on data from multiple sources. By promoting interoperability, Context enables greater collaboration between different projects and applications, leading to more innovation and better outcomes.
Context provides a secure environment for managing data by leveraging decentralized technologies and cryptographic protocols. This means that data is protected from unauthorized access, manipulation, and theft, ensuring the privacy and security of sensitive information. With Context, projects can build trust and confidence among their users and stakeholders, leading to greater adoption and success.
Context is a public good that promotes openness, transparency, and innovation. By providing a decentralized and interoperable platform for managing data, Context enables greater collaboration and knowledge sharing across different communities and stakeholders. This leads to more equitable and sustainable outcomes, promoting the public good and benefiting society as a whole. With Context, projects can contribute to a better future for everyone.
Our token is called $CTX and lives on Polygon.
In Context, we are using a progressive funding model that is organized around "epochs." Each epoch is a distinct phase of the project, with its own set of goals and milestones. During each epoch, we will mint and distribute tokens to the community based on the specific tokenomics and distribution settings of that particular epoch. The main goal of each epoch is to increase the number of SmartDocs registered in the registry, making it a more comprehensive and useful resource for the community.
One of the key features of Context is that it is an open-source collective initiative to coordinate standards as Public Goods. That's why we decided to finance the whole project in a progressive and evolutive way. We will do token sales every time we achieve the goals we commit to, and new tokens will be minted and distributed. The company will get funded as long as it's useful to society.
The funding model for Context is based on progressive funding and epochs. Instead of pre-minting a fixed amount of tokens, the project will work towards predefined goals, and new tokens will be minted and distributed when those goals are achieved. The token will be needed to register data and when a new SmartDocs enters the Registry, the cost will be shared between the DAO and the contributors to the Schema that data is linked to.
The company will be funded as long as it is useful to society. Epochs will be the way in which tokens are minted and distributed to the community. Every epoch will have its own milestones, tokenomics, and incentives. At the end of each epoch, the participants of the Context DAO, those with a governance NFT for that particular epoch, will vote on the rules, conditions and tokenomics for the next epoch.
Governance NFT holders will decide when to move to the next epoch, and vested tokens will be minted only when the project moves to a new epoch. There is a strong incentive to move forward and reach an agreement for the betterment of the project.
Paramaters to be decided every epoch;
- Amount of new CTX to mine
- Token allocation: Distribution of the new Tokens.
- Price of the CTX to be bought from the DAO.
- Staking model: Incentives for token Holders
- Business Model: How do we make money as a DAO.
- Advisors: team of advisors for the epoch.
This funding model gives flexibility and allows for adjustments to the economic model as the project evolves.
The project will be financed in an evolving way, with token sales happening every time goals are achieved. Epochs will be the way tokens are minted and distributed to the community, and the tokenomics, incentives, and milestones will change with each epoch.
The $CTX token is used as a means of payment for interactions with the registry. When a user interacts with the registry, they will be required to pay a small fee in $CTX. This fee will be split between the protocol, the schema that the interaction refers to, and potentially a frontend that originated the interaction.
The split ensures that the protocol is supported, and that the schemas and frontends that are used are also rewarded for their contributions. This creates an incentive for the development and maintenance of high-quality schemas and frontends, as well as supporting the overall growth and development of the Context ecosystem.
Token will be activated on Epoch 2.
Send us an email. We are looking for:
- Business Angels and VCs interested in Open Source and Public Goods.
- Strategic Partners with specific use cases.
- Crazy People willing to Join us.
Email : [email protected]
Last modified 2mo ago