III-2. Application of Blockchain Technique within the Platform

1. Application of Blockchain Technique within the Platform

The informational data existing within the WITH platform are safely managed by the Blockchain technique, collectively. Regardless of the possibility of a limited sensitivity towards the privacy level of the corresponding information, the WITH team utilizes and applies the blockchain technique to the necessary areas - in order to provide transparent compensations for users, to exercise a right, and also to save a track record regarding to any consequent problems that may arise. Information produced by participants are stored in the blockchain, is transferred and utilized by the necessary and appropriate entity; the corresponding reward is supplied in the form of a token, again utilizing the blockchain.

Whereas both WITH Token (WIKEN) and WITH Point (WINT) are media utilizing the blockchain, the domain to which the blockchain actually and directly applied, is data administration. The data/content that are uploaded, saved, and shared within the platform, can be classified into being Open (ex. basic information, contents free of charge, etc.) or Private (ex. The athlete’s medical information, personal records, partially charged and charged contents), depending on the characteristic of the information, and of charged contents.

All of the following is to be opened up to the public - in the case of open data of low relative sensitivity, data will be saved into the decoded region between the data space and storage space, and will therefore be open to the public. On the other hand, in the case of private data including charged content or strictly privatized information, the data will be saved into the encrypted region belonging to the storage space. Hence, unless a request is made by the owner of the data, access to the data is only made possible upon the authorization of access. (when requested, free movement across the decoded ←→ encrypted regions is made permissible).

2. Application of Blockchain Technique within the Platform

More detailed updates are noted at the following chapter of "IV. Project WITH Business and Token Model". Most importantly, WITH Point(WINT) is decided not to develop and apply into WITH’s services as WITH Token(WIKEN) as an utility token can cover every functions of WINT and WINT’s 30 days vesting period is not practicable.