Project Description
Oort is a decentralized data cloud project that aims to provide privacy protection, high performance and economic benefits to change the status quo of cloud computing. It allows users to fully control their own data and interact with data through simple natural language. Oort's interface layer provides fast query tools, the infrastructure layer adopts an innovative node architecture, and community cooperation drives the development of the entire project. Through Oort, users can get more affordable, easier to use and reliable cloud solutions, and build a secure and reliable decentralized data storage and management platform.
Official website: https://www.oortech.com/
Twitter: https://twitter.com/oortech
Background of the project
Data Cloud
With the development of technologies such as big data, artificial intelligence and the Internet of Things, enterprises and organizations have accumulated a large amount of data, but traditional data storage and management methods face some problems. To solve these problems, data cloud came into being.
Data cloud is a distributed, flexibly scalable and secure way of storing and managing data.
The data cloud can flexibly expand according to demand to meet the growing data needs.
The data cloud adopts multi-layered security measures, including encryption, identity authentication and access control, to protect the security and privacy of user data.
The data cloud also uses distributed architecture and parallel processing technology to improve data access speed.
Data clouds generally adopt flexible billing methods, which can also reduce costs.
Data cloud improves the reliability and durability of data storage through backup and redundancy mechanisms.
Today, the data cloud market is highly competitive, with technology giants such as Amazon AWS, Microsoft Azure, and Google Cloud Platform providing a variety of cloud solutions. Users can choose the appropriate service model based on their needs, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
Centralized and decentralized data clouds
In recent years, centralized data clouds have achieved great success in the storage and processing of corporate and personal data. Giant companies such as Amazon, Microsoft, and Google provide powerful centralized cloud computing services.
The advantage of centralized data cloud is centralized management and control. Users can simply manage data through interfaces and tools. However, the centralized model also creates some new problems:
User data is centrally stored in a few data centers, increasing the risk of privacy leakage, theft, and tampering.
Users have less control over their data and rely on the policies and controls of the cloud service provider
As the control of the Internet is concentrated in the hands of a few technology giants, the emergence of centralized data cloud monopoly has further raised concerns about data security and privacy protection.
As a supplement and innovation to the centralized data cloud, the decentralized data cloud uses distributed technology and the immutability of blockchain to disperse and store files on various nodes around the world, and data security and privacy are more strongly protected. Currently, decentralized data cloud projects include: IPFS, Fillcoin, Storj, etc. The advantages of decentralized data cloud:
Through encryption and distributed storage, the risk of data tampering or loss is reduced
Better scalability and fault resistance, avoiding single point failure and data center congestion problems
Users have more control over their data and can manage and share data independently, achieving more democratic and open data governance.
At the same time, decentralized data clouds also face some challenges:
In the case of network congestion or node instability, data transmission speed is slow
Since nodes are managed by different individuals or organizations, the lack of a unified management and supervision mechanism may lead to unreliability of some nodes.
Compared to centralized data clouds, decentralized architectures require more computing and storage resources and may require additional investments to build and maintain distributed networks.
The service level and experience may not be as good as centralized data cloud
Oort improves the shortcomings of decentralized data cloud based on decentralized data cloud.
Oort uses its core technology to improve the shortcomings of decentralized data clouds:
Using Proof of Honesty (PoH) + Zero-Knowledge Proof (ZKP) to improve the credibility of decentralized infrastructure
Improve enterprise-level performance with a three-tier infrastructure
Use advanced coding techniques (e.g., low-density parity verification code, polarization code) to enhance the reliability of data clouds
Interpretation Project
Oort is a decentralized data cloud built by the community. Its system architecture consists of three important parts: interface layer, infrastructure layer and community.
Interface Layer
Oort's interface layer provides Web3 tools and templates that can quickly query APIs so that developers can adapt to the Web3 development environment more quickly.
Infrastructure layer
The core of Oort is the infrastructure layer, which includes three layers of nodes: super nodes, edge nodes, and backup nodes.
Super Node: Super nodes are high-performance nodes located on public and private cloud servers, providing powerful storage and computing capabilities to handle large-scale data and requests.
Edge nodes: Edge nodes are small devices deployed in home and office environments with certain storage and computing capabilities. Edge nodes are widely distributed and can be closer to users, providing low-latency data access and processing.
Backup nodes: Backup nodes integrate storage nodes of decentralized networks such as Filecoin, Storj, Crust, and Arweave. They are used to back up data and improve data redundancy and reliability.
Olympus Protocol
The Olympus protocol is a protocol that runs on the infrastructure layer. It is Oort's Layer-1 protocol, responsible for managing and coordinating the operation of the three-layer nodes. The Olympus protocol uses consensus algorithms such as Proof of Honesty (PoH) to ensure mutual trust between nodes and data security.
In summary, the infrastructure layer provides the necessary resources and environment, the Olympus protocol is responsible for managing and coordinating the operation of nodes, and the three-layer nodes actually perform the tasks of data storage, computing, and transmission. Together, they complete the work and realize the infrastructure of the Oort data cloud.
Community
Oort's community consists of three providers: service providers, infrastructure providers, and data providers.
The overall system architecture is as follows:
Service providers: Responsible for developing tools at the interface layer, including query APIs, data analysis, management, migration, and providing templates for NFT, DeFi, and other fields. Provide developers with a wealth of tools and resources to help them transition to Web3 faster.
Infrastructure Providers: On the infrastructure layer, seamlessly integrate with public and private clouds, IPFS nodes, and community-deployed edge devices.
Data Providers: Ability to easily and securely access on-chain data from all major blockchains, and obtain off-chain data from global data sources.
In addition, Oort's decentralized infrastructure is more economical and users can save up to 80% of costs. Through intuitive and easy-to-use voice interaction services, Oort changes the way data is interacted, allowing users to make decisions faster. Oort also provides reliability and privacy protection similar to AWS. At the same time, Oort has a community-driven ecosystem that encourages global experts to work together and reward their contributions.
Business Solutions
To help data-driven business development, Oort offers several business solutions:
Web3 web hosting solutions: enable websites to maintain their stability and reliability despite power outages, server crashes, data breaches, and censorship.
Data availability layer solution: provides storage for outdated data, second-layer Rollup data, and backup data of the blockchain.
NFT Storage Solution (coming soon): Provides long-term decentralized storage for off-chain NFT data, such as metadata, images, and other assets.
Object storage solutions: securely store, share, and manage files while protecting user privacy.
Blockchain Data Warehouse Solution (coming soon): used to integrate on-chain and off-chain data.
Core Products
Oort DEN and Oort DSS are Oort's two core products, both of which are data infrastructure solutions built on distributed technology.
Oort DEN
Oort DEN is an edge network designed to improve the performance and security of Web3 applications. It can accelerate content delivery, make Web3 file searches faster, support large-scale data analysis, and provide and enhance security protection. Users can become node providers by using Oort's edge nodes, provide storage and computing power for Web2 and Web3 applications, and receive corresponding rewards.
There are two types of edge nodes: Deimos and Helium hotspot devices.
Deimos is a small device designed to be used at home that provides computing and storage capabilities.
Helium hotspot devices need to be contacted by the manufacturer in order to join the Oort network.
In order to evaluate the DEN token economic model and network performance, Oort launched the third test network Ascraeus in February 2023 and introduced a new token CCNA.
Ascraeus testnet participation tutorial:
https://docs.oortech.com/oort/testnet/testnet-iii-ascraeus/ascraeus-mining-guide
Oort DSS
Oort DSS is an enterprise-grade distributed storage platform designed to provide secure, private, and cost-effective cloud storage solutions.
Oort DSS achieves secure and reliable storage by dividing files into fragments and encrypting them, using redundant data distributed on nodes. When a user needs to access a file, it retrieves fragments from multiple nodes simultaneously and reconstructs the file using erasure coding technology. This decentralized way of working makes data censorship-resistant and prevents single point failures.
Oort DSS Usage Guide:
https://docs.oortech.com/dss/getting-started/user-guide
Three testnets
Ascraeus, Huygens, and Dome-A are the three testnet phases of Oort.
The third testnet Ascraeus: Introducing a new test token CCNA
The second testnet Huygens: added new mining functions, reward mechanisms and test tokens CCN,
The first test network Dome-A: focuses on testing the stability and performance of the network.
Through these testnet phases, Oort continues to refine and optimize its technology towards its goal of achieving decentralized cloud storage and the metaverse.
Economic Model
Currently, Oort's more specific tokens are $CCNA and $CCN, both of which are test coins and not functional tokens within the Oort ecosystem. Its functional tokens have not yet been announced.
The following is the distribution of utility tokens:
Total amount is 2 billion
10%: Fundraising for early investors
10%: allocated to the Oort Foundation to support long-term partners and community projects, academic subsidies, etc.
15%: used for the team as an incentive for core members
65%: As mining reserves, rewarded to basic equipment suppliers
The role of utility tokens:
Service payment: Users pay for services with utility tokens and enjoy discounts
Staking: There are two ways to stake. The first is to stake tokens through a staking pool. The second is to stake by becoming a node provider.
Governance: holders can make proposals and vote
Token deflation: 30% of profits will be used to repurchase functional tokens every three months
route map
Q1 2023:
Ascraeus testnet launched
Oort DEN Release (Edge Network)
Oort blockchain browser released
Ale Wallet Upgrade
Oort DSS1.0 released
Second quarter of 2023:
Publish information about investment institutions and partners
Olympus Protocol Mainnet Release
Q3 2023:
Token listing
Team/Partners/Financing
Team Oort has 35 members on LinkedIn, the main members are as follows:
Max Li, Founder and CEO of Oort: Has extensive experience in 4G LTE and 5G system design and holds more than 200 international and US patents. He is an adjunct professor at Columbia University, has published several academic papers, and served as a reviewer and technical program committee member in top journals and conferences in the fields of communications, machine learning, and control.
Sean Yang, CTO of Oort: Currently the founder and CEO of N&T Labs, co-managing partner of Aves Lair, and former adjunct assistant professor at Columbia University.
Sang Li, COO of Oort: Currently the founder of Cabrey Investments and formerly the COO of FINXFLO.
Ventseslav Sapundzhiev, Director of Systems Engineering at Oort: Former expert in AI and machine learning
Michael Robinson, Partnership Director
Victoria Fan, Global Operations Director: Former founder and career mentor of OPTWISE CONSULTING, and global HR director of Nakamoto & Turing Labs.
May Pang, Director of Media Partnerships and Legal Affairs: Former Executive Director of ChainDD and Deputy Director of Risk Solutions at S&P Global Market Intelligence.
顾问：Dave Moellenhoff，Mitch Kennedy，Dr. Steve Liu，Todd McGee，Norm Levy，Kevin Henshaw，Efe Büken。
Financing
On May 12, 2022, it received a total of US$6.2 million in seed and strategic rounds, led by Aves Lair.
On May 3, 2023, EMURGO Ventures, the commercial investment arm of Cardano (ADA), participated in Oort’s latest strategic round of financing, with the specific amount not disclosed.
Project Summary
The current cloud computing market is in a fiercely competitive environment. Cloud service providers are facing the challenges of declining market share and slowing revenue growth. In order to remain competitive, cloud service providers need to continue to innovate, improve service quality, and find new growth points, such as artificial intelligence (AI) and other emerging technology fields. At the same time, the cloud computing market is also facing some physical limitations, such as the number of data centers and the speed of construction.
In this market environment, Oort, as an emerging distributed cloud service project, has certain advantages. Oort uses the decentralized nature of blockchain to solve some problems in traditional cloud computing and provide more flexible, secure and reliable services.
Oort has 29,996 global infrastructure nodes, covering more than 105 countries. There are 43 super nodes, 4,470 edge nodes, and 25,483 backup nodes. Oort's nodes are widely distributed, capable of providing storage and computing services worldwide and ensuring data reliability and availability.
Oort's technology and ideas, combined with the concept of Web3, bring new business opportunities and innovative directions to cloud computing.
Of course, Oort also faces some challenges. Compared with traditional cloud service providers, Oort is relatively small in terms of popularity and scale, and needs to establish its own reputation and user base in the market. In addition, Oort's technology and infrastructure also need to overcome performance limitations and security management challenges. At the same time, Oort also needs to deal with the limitations of market acceptance and the regulatory environment to gain more users' trust and promotion.
In general, the current cloud computing market is highly competitive. As an emerging distributed cloud service project, Oort has innovative advantages, but it also needs to overcome challenges in terms of popularity, scale, technical complexity, and market acceptance. In future development, Oort needs to enhance its own strength, compete with other cloud service providers, and win the trust and recognition of users.
