(3 min read)
The TODA protocol now has a companion...the ADOT protocol. ADOT combined with TODA enables a Web of Value allowing everyone to own anything, and travel anywhere to meet anyone and trade anything peer to peer without need for intermediaries. Creating a new ADOT Web alongside the existing HTTP web is a bold vision Let's back up a little first to understand why this is something that everyone needs, even if they don't know it yet.
The TODA Protocol is a distributed data protocol that enables creation of strong ownership control and P2P transactions of self-recording, self-validating digital files. These files can be anything (e.g., identity, goods, services, money, loyalty points, securities, digital media, news).
In TODA, files are owned by accounts, and settlement of asset ownership is handled by what we call Rings (File-Account-Ring). Rings are flexible and allow owners to customize how settlement should be conducted. Different Rings will appear over the next year and more. Some Rings will be distributed communities of mobile phones for citizen and consumer transactions, other Rings will be cloud based federated systems for enterprise, government or bank and exchange transactions, and some Rings will be a 'One Ring' and just belong to you. More will follow in the future on how files pass between Rings and maintain their integrity. The first Ring built on TODA was a couple years ago by TODAQ which was our TODA-As-A-Service ('TaaS') Platform, accessible to partners and customers through an API. With TaaS, they can easily 'TODAize' any asset to gain these self-validating properties. We encourage you to try out TaaS here (https://todaq.net/subscribe/developer) and enjoy a 60 day complimentary trial.
TaaS allows for relatively quick rollout of projects that take advantage of TODA but you have to take the effort to integrate TODA into systems and mobile apps of every party that wants to own or transact a TODA based asset. Our modern day internet systems are a complex spaghetti of interlocking 'Jenga' towers that drive up costs, fragility and loss of control as well as decrease ownership rights, choice and convenience.
What if there was a smarter way to have more instant, universal interoperability?
This is where the ADOT protocol comes into the picture. It is an application protocol that is running on TCP/IP in its current version so it is at the same level as HTTP. HTTP, as the foundation for Web data communication, is used all the time on browsers like Safari, Chrome and Firefox to surf WebSites.
ADOT however doesn't care about any of that. It is an application protocol enabling widespread trade of TODA digital files on any platform through secure ‘rooms’ where parties can safely do business.What does that mean? ADOT ‘rooms’ are like http:// websites and can replicate any physical space creating secure digital
transactions between parties or can be used to accommodate business requirements for real-world applications. These rooms can be created to accommodate any need, such as exchanges, stores, classrooms, voting booths, treasuries, vaults, board governance, testing rooms, licensing offices and much, much more. The ongoing governance of the ADOT Protocol will pass to a non-profit organization.
Anyone surfing to these ADOT rooms could immediately trade assets peer to peer with others, and not require intermediaries, additional services or data integration between different parties. Which is very cool. So what would you use to find and visit an ADOT room? Not a browser the way everyone knows it.You would need an 'Agent', which is what TODAQ is building - a 'Netscape moment' for this new but complimentary Web of Value.
More on this in future newsletters.