Data Ownership and Privacy
Users must own and use their data , instead of accessing their data.
Lack of Transparency
The lack of transparency in the registration and use of user behavior, existing financial flows, transport data and ..., is one of the biggest problems of the current businesses.
Incentivization and Reward
Involving people in platforms, that benefit only the business, and users will be fueled by non-financial rewards , that will Slow down growth and people"s participation on this platform.
Centralized powers and organizations lead to many problems, such as single point of failure, hacking, threats and sanctions.
Locon is a decentralized ecosystem based on blockchain, for location-based businesses, transportation systems, and the location of individuals. With the participation of individuals, Locon provides more opportunities and facilities for developers to implement their decentralized businesses and programs on the Locon platform. These programs are not under the control and supervision of any organization and institution, and all the transactions are carried out completely independently of banks or other monetary institutions. It also enables new businesses, to use the platform to implement and store their decentralized applications in the field of transportation, without the need to build a new and independent blockchain, and in addition to saving time and expenses of development Providers allow them to use the security and decentralization of blockchain-based Locon. This used blockChain is relying on the community, and all strategic decisions made by collective wisdom and consciousness with the participation of the decentralized community, we invite developers, investors and volunteers to solve traffic and urban problems. Join us to provide a fundamentally different paradigm for the global transport industry and its problems.
With the 10-year-old Blockchain hype behind us, it"s time to solve its issues more accurately and with higher efficiency. To respond to the recognized public problems, it is no longer necessary to answer all issues with one particular blockchain. And in response to the various business requirements become bound to the limitations and weaknesses of that blockchain. Locon and its team of experts, are determined to lead the frontier realm of blockchain bridging and expand the present solutions for logistic problems by incorporating two blockchains in an optimal way. According to the requirements defined by the Locon business sector, all end-user data are stored on the blockchain network and is divided into two categories: financial data and non-financial data. This categorization helps Locon divide itself into two subnets, both financially and non-financial, for better maintenance, more accurate control and management of the blockchain network.
Financial data requires a Public Permissioned Blockchain that enables an end-users to fulfill all their financial transactions through using the Locon Token on this network. The consensus algorithm of this blockchain is POS, so the components of the Locon ecosystem to perform non-financial activities in the Locon ecosystem must first lock a certain amount of their tokens into the financial subnet and, after verifying the success of the transaction and the activity through smart contracts of the non-financial subnet, their locked tokens will be released with the prize in this subnet. The transaction rate per second of our Financial Data Network must be between at least 100 to 500 transactions per second. The smart contracts of this network are completely dynamic and can be modified in the form of DAO and as a result of network’s end-users governance voting. It should also be noted that the value of Locon tokens are determined by the volume of supply and demand and the Token distribution strategy.
Non-financial data requires a Private Permissioned Blockchain with defined access for its network nodes, or all stakeholder organizations that claim to hold responsibility for maintaining ledgers and act in the Consensus process; or those involved in storing ledgers and participating in the Consensus process wants to get a certain amount of rewarded tokens in return for sharing their resources. The consensus algorithm in this blockchain is PBFT. The components of the Locon ecosystem lock a specific amount of their tokens in the Financial Locon Subnet to be authorized to perform their desired operations (type of read or write) on the non-financial subnet. While a validation of the transaction and related operations are successful through the smart contracts in this subnet, their locked tokens, along with additional rewarded tokens are released in the financial subnet. This network should have the ability to respond to at least 5,000 to 10,000 transactions per second. All non-financial subsystem components, including smart contracts, network members and their subscription and withdrawal process, subnet rules and regulations, subnet policies, and network access settings are completely dynamic and can be modified in a DAO and user-friendly manner.
The Locon platform, as a decentralized shared map is ready to service. During the life-cycle of Locon ecosystem’s development, the platform is ready to serve all map-related use cases for different requirements. 4 base decentralized applications will be developed upon the Locon network by the Locon’s team at the beginning. Meanwhile, the situation is ready for other businesses and contributors to propose their own decentralized applications and suggest updates on the current decentralized applications and network. All the proposals will be voted upon DAO between all the end-users and will be attached to the platform after successful collecting the majority votes.
Ideation, personal fund injection, research
Initial website launch, Enrolled in Blockchain Economy Event, Initial private Token sale Start, Last round of private sale, END of private sale
DAICO release, Wallet and dashboard release, Initial public token pre-sale
Locon network release
Map editor dApp release
Social contribution dApp release
Navigation dApp release
RideSharing dApp release
Locon crowdfunding platform(STO) release, Locon Venture Studio Establishment