Welcome to the world of the Internet of Trust

 The Official XSL Labs Bounty Program

Internet of Trust

What is the Internet of Trust?

The issue of data gathering and privacy protection is omnipresent. Removing the means of data gathering in order to disarm malicious actors is unfortunately not an option, as Shoshana Zuboff, Harvard Business School’s emeritus professor of sociology, suggests in her book "The era of surveillance capitalism"2 . To adapt is necessary to allow the user to be protected while indulging the benefits of data streams in our globalized world. We need to move from a strong asymmetry of benefits between individuals and business, to a symmetry of benefits derived from data gathering. This will be the Internet of Trust.

What is XSL Labs ?

XSL Labs is committed to deploy a new tool that will allow digital identity to be tamper-proof and decentralized. Through an ecosystem offering alternative services and its interoperability, Secure Digital Identity will integrate perfectly with all the solutions of an increasingly connected Web 3.0.

SDI

SDI is a collection of encrypted user data. This distributed digital identity can be deciphered with a personal and confidential cryptographic key that only the user holds. This SDI is going to be completed by the user himself, who may also associate external data sources with it through service providers (for example: KYC service providers, service issuers, certification authorities…). The user nevertheless remains the only to be able to feed data to his SDI. The management of this associated external data will generate notifications in ONE at the user level, who can access the data and decide whether or not to integrate it in his SDI.

The function of this decentralized storage (previous diagram) is to be a restoring checkpoint of a user profile as well as to ensure the irrevocable nature of the data transmitted on an SDI and the respect of the legal retention period. Any data captured on the Pulsar network (DLT) will be unintelligible and unusable because the owner of the SDI is the only one to hold the decryption key which links the public network (Pulsar) and his data, thus unveiling the data. 

The data will also be available in the user's terminal because it will consist of:

• The addresses of SYL wallets

• Last Name

• First Name

• Date of Birth

• Domiciliation address

• E-mail address

• Telephone number

• ID

• Certifications

• Private keys intended for the use of the wallet 

The ecosystem

XSL Labs will offer a decentralized identifier called SDI, a distributed dApp store called SYL Library, and an dApp allowing the interoperability between the ecosystem’s services called ONE. They will work as a single tool to make the user experience easier and more enjoyable.

Pulsar

Pulsar will be the distributed ledger that serves as the bedrock for the decentralized identifier and the entire ecosystem of dApps and dApp extensions.

SDI

SDI will be a set of encrypted personal data that only the user can read. It will be used in the SYL ecosystem and will be interoperable with other web 3.0 systems.

SYL Library

SYL Library will be a dApps and dApp extensions’ store. It will ensure the quality of the services and that they comply with the GDPR. All of the services offered on SYL Library will use the SDI as a guarantee of trust.

One

ONE will be a distributed app that will enable the management of the SDI, the management of the SYL wallet, the integration of services from the ecosystem and the control of interactions with other users.

Token

The SYL will be the utility token of the Pulsar distributed network

It will be necessary for the creation of an SDI, for the execution of Smart Contracts and will be usable within the ecosystem to access the various services that will be offered within SYL Library.

All undistributed tokens will not be issued.

10 000 000 000SYL

Token info

  • Ticker: SYL
  • Platform: Binance Chain
  • Token Type: Utility
  • Available for sale: 7,000,000,000 SYL (70%)
  • Total supply: 10,000,000,000 SYL

Token Distribution


SYL Tokenomics

Quantitative and qualitative analysis of SYL and its ecosystem, identification of the value creation’s levers of the token.

SYL model design

THE FUNDAMENTALS OF SYL

Underlying technology

A blockchain will be used as the foundation of the ecosystem. dApps as well as various dApps extensions will be part of the services offered.

The Data market size

The size of the global Big Data and Analytics market was estimated at $ 171.39 billion in 2018, and is expected to reach $ 512.04 billion in 2026, with an annual growth rate of 14.80% between 2019 and 2026 according to Valuates Reports. Between the 2 time periods, the market will be multiplied by 3. https://reports.valuates.com/market-reports/ALLI-Manu-3K13/gblobal-big-data-and-business-analytics

This market is divided into 5 areas :

  • 7% Diffusion & targeting (A)
  • 16% Gathering of data, sale and rental of database (B)
  • 18% Storage structuring, Hosting (C)
  • 22% Online advertising (D)
  • 37% Analysis & Intelligence (E)
  • The SYL's areas of action are A, B and D.

Calculation

  • Ms1 = (P1xQ1) /V1 + Ms2 = (P2xQ2) /V2 + …
  • Ms: fundamental value of money supply or market cap (in USD) per service
  • V: velocity or the number of times the Token is traded over a period of time (per year)
  • P: price of the service sold (in USD)
  • Q: quantity of services sold over a period of time (per year).

Example

  • 200 services
  • 20 services at 1$ - […] – 20 services at 10$
  • 12 of velocity
  • 7,000,000,000 SYL in circulation
  • (Ms (1) = ((1 x 100000) / 12) x 20) + (Ms (2) = ((2 x 100000) /12) x20) + (Ms (3)) …. + (Ms (10) = ((10 x 100000) /12) x20) = 9 166 440$

Roadmap

2020

ICO starts

Creation of XSL Labs and marketing campaign

Q1 2021

Development of Pulsar and SDI

Q2 2021

Escrow of 3 billions SYL

Development of ONE

Q3 2021

Start of grants to eligible projects for the Pulsar ecosystem

Conclusion

The Secure Digital Identity (SDI) will be stored on the DLT Pulsar and accessible by the user through the ONE app. ONE will be a scalable distributed app, which will provide access to the different distributed app extensions (dExt), offered in the dApp Store of the SYL ecosystem. The SYL Library (dApp Store) will offer access to a panel of services developed by different players in the ecosystem. These services will be accessible in SYL, the utility token of Pulsar. The SDI will have two levels of verification (without or with KYC), which will ensure the perfect authentication of users and the access to different services depending on their level of verification. Users will be able to access the services without disclosing their individual identity when registering or using them. 

Social media of project:

  • https://www.youtube.com/watch?v=jyN1ALYR0M4&feature=youtu.be
  • https://www.xsl-labs.io/
  • https://bitcointalk.org/index.php?topic=5287198
  • https://twitter.com/XSL_Labs
  • https://twitter.com/XSL_Labs
  • https://www.facebook.com/XSL.Labs/
  • https://t.me/xsl_labs_official


AUTHOR

Forum Username: seniman21

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3240377

Telegram Username: @cryptoseni

ETH Wallet Address: 0x83Baa8310A39E499932c8170eEa56fa7e2D29445




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