As Dock pushes forward our vision for an internet of trust enabled through verifiable data, we are incredibly excited to announce our grant approval from the Web3 Foundation.
We are both humbled and excited to receive support from the Web3 Foundation and look forward to collaborating with teams in the Web3 and Polkadot ecosystem.
This grant not only serves as a validation of our team and solution but it's also an opportunity to be a significant contributor and early adopter of an ecosystem poised to revolutionize the way blockchain technology is used and applied.
About Web3 Foundation
The Web3 Foundation was founded by Dr. Gavin Wood, who was previously co-founder and CTO of Ethereum and wrote much of the initial code of Ethereum. Dr. Gavin Wood is also a co-founder of Parity, a core blockchain infrastructure company responsible for a significant portion of Polkadot, Ethereum and Bitcoin infrastructure development.
Their principal focus is research, development, deployment, funding, and maintenance of Web3 technologies, including advocacy and education, developer-adoption, support of middleware, and base-layer/demonstration applications. The Polkadot network is a keystone of the Web3 Foundation.
Web3 has entered a software development agreement with Parity Technologies under which Parity Technologies will undertake research and develop the Polkadot platform. To date Parity has built a majority of the web3 tooling used by many teams across the blockchain space and they continue to make reliable progress towards the mainnet launch of Polkadot, slated for 2019.
Polkadot is a network that connects blockchains and allows new designs of blockchains to communicate and pool their security while still allowing them to have entirely arbitrary state-transition functions. They aim to solve current blockchain issues of interoperability, scalability, and shared security.
The grant that Dock successfully received was a "technical grant" that focused on an area of interest from Web3 for "Application specific parachains with a good product story". (See list of Web3 grant interest areas)
With the receipt of this grant, all of us on the team at Dock are excited about building a future where the network produces scalable, verifiable digital records for anyone. With support from the Web3 Foundation we now have even more resources and knowledge supporting our efforts - ensuring that our future is bright and that we're building the best solution possible.