ROSE Oasis Network

Key Use Cases of Oasis Network

The Oasis Network is designed to support a variety of applications that require privacy, scalability, and security. Here are some of the main use cases:

Data Tokenization

• Unlocking New Use Cases: The Oasis Network enables data tokenization, which allows users to take control of the data they generate and earn rewards for staking it with applications. This creates a new type of digital asset that can be consumed along with specific guidelines for use for a fee.
• Private Data Sharing: Users can share data securely while preserving complete confidentiality, making it ideal for industries like healthcare, finance, and legal services.

Private DeFi

• Scalable and Private Transactions: The Oasis Network supports private lending, borrowing, yield farming, and other DeFi protocols, extending DeFi beyond early adopters to a broader audience.
• High Throughput: The network's scalable architecture allows for fast transaction speeds and low gas fees, making it suitable for DeFi applications and NFT marketplaces.

Enterprise Data Sharing

• Secure Data Sharing: Enterprises can leverage the Oasis Network to share confidential data securely and privately across departments and partners, enhancing supply chain efficiency and privacy.
• AI and Machine Learning: The network enables AI models to access valuable datasets for training while maintaining data confidentiality.

Digital Identification Systems

• Private Identity Verification: The Oasis Network supports secure and private identity verification processes, making it useful for digital identification systems.

Governance and Voting

• Private Voting: The Oasis protocol facilitates private voting for DAOs, ensuring confidentiality and security in governance processes.

Cross-Chain Messaging

• Interoperability: Applications can use the Oasis Network's Sapphire ParaTime to relay information between blockchain networks confidentially, enhancing cross-chain communication.

Pros of Oasis Network

• Scalability and Efficiency: Oasis Network addresses scalability issues by separating consensus and execution through its dual-layer architecture, enabling faster transaction processing and lower fees.
• Privacy-Preserving: Developers can build dApps that handle sensitive data without compromising user privacy, thanks to features like Trusted Execution Environments (TEEs) and confidential smart contracts.
• Developer-Friendly: The platform offers tools and resources to streamline the development of privacy-focused decentralized applications (dApps).
• Flexibility and Versatility: Oasis Network allows developers to create ParaTimes tailored to specific application needs, showcasing the adaptability of the network.
• Rollups Support: The network supports Rollups, enhancing the capacity of the Consensus Layer, allowing for increased transaction throughput and reduced costs.
• High-Value Partnerships: Oasis Network has partnerships with notable organizations such as Accel, HackerOne, Rosetta, Anthem, Oxford University, Ankr, and Binance, among others.

Cons of Oasis Network

• Limited Marketing Exposure: The project lacks extensive advertising efforts compared to its direct rivals, resulting in lower visibility.
• Limited Community Size: The Oasis Network community is relatively small, which may impact network engagement and collaboration.
• Complexity of Dual-Layer Architecture: Understanding and navigating the intricacies of the Consensus and ParaTime Layers may pose a learning curve for developers new to the ecosystem.
• Building and Maintaining Community: As a relatively new player, Oasis Network faces the task of building and maintaining a robust community of developers and users.
• Limited Interoperability: Compared to some established blockchains, Oasis has limitations in seamless communication with other blockchains.
• Nascent Ecosystem: As a relatively new platform, Oasis has a less developed ecosystem than more mature blockchains.

Founders of Oasis Network

The Oasis Network was founded by Dawn Song, a renowned expert in computer security and blockchain technology. She is also a professor in the Department of Electrical Engineering and Computer Sciences at the University of California, Berkeley.

Key Facts About Dawn Song:

• Background: Dawn Song is a serial entrepreneur and academic with extensive experience in security and blockchain.
• Education: She earned her B.S. from Tsinghua University, M.S. from Carnegie Mellon University, and Ph.D. from UC Berkeley.
• Awards and Recognition: Song has received numerous prestigious awards, including a MacArthur Fellowship, a Guggenheim Fellowship, the Sloan Research Fellowship, the NSF-CAREER Award, and the MIT Technology Review TR35 Award.
• Research and Interests: Her research focuses on security and blockchain, applied cryptography, deep learning, computer security, and privacy.
• Current Roles: She is the co-founder and CEO of Oasis Labs, and a professor at UC Berkeley.

Key Investors in Oasis Network

The Oasis Network has received significant backing from various prominent investors and venture capital firms. These include:

• Andreessen Horowitz (a16z): A leading venture capital firm that has invested in numerous successful projects.
• Polychain Capital: A well-known venture capital firm specializing in blockchain and cryptocurrency investments.
• Pantera Capital: A venture capital firm focused on blockchain and cryptocurrency investments.
• Binance Labs: The venture capital and innovation incubation arm of Binance, one of the largest cryptocurrency exchanges.
• Electric Capital: A venture capital firm that invests in blockchain and cryptocurrency projects.
• Jump Crypto: A venture capital firm focused on blockchain and cryptocurrency investments.
• FBG Capital: A venture capital firm that invests in blockchain and cryptocurrency projects.
• Hashed: A venture capital firm specializing in blockchain and cryptocurrency investments.
• IOSG Ventures: A venture capital firm that invests in blockchain and cryptocurrency projects.
• HTX Ventures (previously Huobi Ventures): The venture capital arm of Huobi, a major cryptocurrency exchange.
• Newman Capital: An investor that contributed to the Oasis Ecosystem Fund.
• Seven X Ventures: Another investor that contributed to the Oasis Ecosystem Fund.
• Dragonfly Capital Partners: A venture capital firm that invests in blockchain and cryptocurrency projects.
• Draper Dragon: A venture capital firm that invests in blockchain and cryptocurrency projects.
• NGC Ventures: A venture capital firm that invests in blockchain and cryptocurrency projects.
• Kenetic Capital: A venture capital firm that invests in blockchain and cryptocurrency projects.

These investors have contributed to the Oasis Ecosystem Fund, which supports the development of projects on the Oasis Network, focusing on areas such as DeFi, NFTs, crypto gaming, and more.

Halal Status of Oasis Network

• Halal Status: Yes
• Reason: The Oasis Network is considered halal because its primary purpose is to provide privacy-preserving smart contracts and decentralized applications, focusing on data tokenization and private DeFi applications. The revenue model is based on transaction fees and network participation through staking, which aligns with Islamic principles as it represents actual work and network security provision.

Key Points:

• Business Model: The core business model includes a proof-of-stake consensus mechanism, parallel runtime environments (ParaTime layer), and the ROSE token used for staking, governance, and transaction fees.
• Token Distribution: The initial token distribution is transparent, with vesting schedules for core contributors, ecosystem development, community/future contributors, and investors.
• Utility Assessment: The network shows moderate but steady usage, with approximately 300,000 transactions daily and consistent developer activity.
• Shariah Compliance: The platform's emphasis on data privacy and confidentiality while maintaining transparency in transactions aligns with Shariah guidelines.