Vision: To empower Blockchain builders to meet new use cases with Public Sector data.
TLDR; We are an oracle service bringing Public Sector datasets on-chain to enable Decentralised Applications (dApps) to perform new functions. NFT holders will be rewarded with 50% revenue share, governance rights and lifetime product access.
Initial Focus Data Feeds
- Business and Economy
- Societal
- Transport
Mint Details
We are aiming for a mint date in June, this may be subject to change based upon art, the state of the Solana market and product development completion.
What do we do?
To understand this you must first understand what a Blockchain oracle is. So what is an oracle?
An entity that connect blockchains to external systems, thereby enabling smart contracts to execute based upon inputs and outputs from the real world.
Put simply, they help to transfer data from external systems to on-chain in the form of a program to enable easy digestion for other dApps.
At Blxckout we plan to build, operate and maintain the infrastructure and software platforms for an oracle that will support the smooth transfer and high confidentiality, integrity and availability of Public Sector data on to the Solana blockchain.
We have chosen Solana as we believe that the high amount of transactions per second (TPS) and low barrier to entry will enable user friendly experiences and new use cases that were previously thought impossible on chain. We believe strongly in this particular chain and from our research, have confidence that it is the perfect place to launch our project. Though we do have multi-chain aspirations.
What’s the roadmap?
May 2022
- Team Formation
- Proof of Concept Build & Demo
- OG Blxckout NFT art & Metadata
- Website, Discord, Twitter
June 2022
- White-paper v1 Drop
- Oracle Pilot Testing & Infrastructure Build Out
- Business Development & Marketing Push
- OG Blxckout NFT launch
July-August 2022
- Recruit extra development talent
- Roadmap v2 Drop
- Add additional Data Feeds to pilot platform
- Build out self service dApp
- Test application on Devnet
NFT Utilities
Revenue Sharing & BlxckoutDAO
For every product released under Blxckout, we split our fees with the holders. Our NFT holders will be able to propose and vote on key direction for the firm moving forwards. Holders will benefit from early-access to any future mints of product-based collections.
Product Access
By holding 3 of our NFTs, owners will be granted free and unlimited access to all data feeds supplied by the Blxckout brand.
Staking, Token & Evolution
Passively stake for our token and emissions with options to upgrade your NFT. Freeze for a 1 year period to guarantee an increased revenue share and reward of our token. This token will act as the primary currency to interact with any of our ecosystem products.
PFP Fine Art
Our team and brilliant artist has spent a long time creating the NFT, each attribute has a detailed story behind it. Our artwork is thought-provoking and detailed, ensuring that our holders gain from legitimate pieces of unique art, unlike many other projects in this space. We will continue to build out the lore and ecosystem around our NFT storyline alongside our very real web3 technology company.
Why do we think our product is important?
We are currently in the middle of a fourth industrial revolution. Technological innovation has transformed our lives, changing the way we live, work and play. At the same time, this innovation has brought with it an exponential growth in data: in its generation and use, and in the world’s increasing reliance upon it.
In the large and often disjointed ecosystem of Public Sector, entities produce thousands of terabytes of data every day. This data is crucial to the effective operation of government and private companies in web 2.
Much of the data created by the Public Sector is stored in formats that match traditional systems and processes such as Excels, CSV or JSON but some datasets are transitioning to a more modern API model. This data is licensed freely via the Government Open Data regulation in the UK and is available for commercial use by any enterprise. Many large scale enterprises have been formed solely by the filtering, manipulation and presentation of this data in different ways.
Our team are betting that with the continued transition and innovation in the blockchain space, this data will need to be readily available in an easily digestable format for decentralised applications (dApps). In order to meet this demand and increase opportunities to onboard the next billion people into crypto, we are building a purpose driven oracle to support the on ramp of public sector data.
How will we do it?
Our first data feeds will be providing UK based information, the founding team has connections here and is familiar with the market and manner in which data is segregated. The UK is also a relatively mature market, with the recently launched National Data Strategy demonstrating a move towards more loosely coupled government services and an increase in publicly available API’s to support new innovation opportunities.
Who’s on the team?
Core Team
LJ: A senior strategy consultant for a leading technology research company, has worked with Fortune 500 companies to define IT strategies for the last 5+ years including brands like Virgin Media & Accenture. Prior to this, he worked on a variety of large scale Public Sector programmes with central and arms length government bodies in the UK market. Past government clients include the Information Commissioner’s Office (ICO), Her Majesty’s Revenue & Customs Services (HMRC) and the Ministry of Defence (MOD).
Brood: A digital native who has a strong branding/creative background. They have previously worked with numerous global lifestyle brands including Time Out London. They have directed, produced, filmed and edited both long and short form content for social media and are responsible for building the branding, marketing structure and social hype around the NFT platform, whilst also building an exclusive and passionate close knit community.
C: A PHD Economics student at University College London (UCL) responsible for researching the best methods for building a sustainable economical model for our NFT holders. As the business grows he will also be more hands on with financial oversight and management, monitoring bottom line growth and ensuring effective distribution of revenues.
Terms and Definitions
Blockchain: “A system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.”
Oracle: “An oracle is an agent that not only communicates with external data sources but also verifies and authenticates that the data being provided is accurate.”
Decentralised Application (dApp): “Decentralised applications (dApps) are digital applications or programs that exist and run on a blockchain or peer-to-peer (P2P) network of computers instead of a single computer.”
Contact Information
More details will be revealed soon.
Official Website, Discord and formal contact methods to be launched 14th May.
Twitter:
@blxckout_nft
@lukej_sol
@solbrood
