The Frankfurt School Blockchain Center has launched their validator node with Blockdaemon on the Oasis Foundation platform. The Oasis Network is a privacy-first, proof-of-stake, decentralized network designed to give users back control and ownership of their data, while supporting new privacy-first applications. The FSBC believes in the value of the Oasis platform and supports it both for academic reasons as well as for sustainable governance. To maintain a good balance among the validators, the FSBC runs a node together with its partner Blockdaemon to act as an agent for token holders.
Oasis Protocol is a privacy-first, decentralized computational network that can help users tokenize their data. They focus four main ideologies:
- Confidentiality & integrity guarantees for data in storage, transit and usage
- Auditability of state through a decentralized network
- Versatility of system architecture to adapt and support a broad range of use-cases
- Utility and performance required to support real-world work loads
The proof of bonded stake model incentivizes behavior that is aligned with long-term protocol stability. In this governance model, groups of validator nodes are delegated votes by token holders and receive voting power relative to the delegated votes.
By setting these principles in place, Oasis builds in privacy while separating consensus from computation which they specify as the Consensus Layer and the ParaTime Layer. Unlike other blockchains, the Oasis Network is able to support multiple, parallel runtimes (ParaTimes) — with the Consensus Layer acting as a hub which consists of a decentralized set of validator nodes and ledger for all runtimes. By building a structure that allows the network to remain agile and ensuring data access is agreed upon and easily tracked, Oasis can create a lasting network with integrity that can grow and be a distributed, immutable ledger.
The Frankfurt School Blockchain Center decided to run a node on Oasis for several reasons: The FSBC believes in the mission of Oasis and the technology and team behind it. From an academic viewpoint, the platform is very exciting and running a node helps for both research and applied teaching at the Frankfurt School of Finance & Management. For that reason, the FSBC is interested in participating in the governance of Oasis to achieve sustainable growth and development of the platform.
“PoS based consensus mechanisms need to have a very diverse set of nodes to achieve the goal of decentralized control. Control concentrated on investors will lead to governance that aims to maximize the token value and profits which might contradict the mission of Oasis”, says Prof. Dr. Philipp Sandner, head of the FSBC.
It is imperative to have a balance in the governing groups. Therefore, the Frankfurt School Blockchain Center launches its own node with the aim to agent for all token holders that support the aim of sustainable growth. The validator node of the FSBC is part of Blockdaemon’s group. Blockdaemon is the leading blockchain infrastructure provider, offering access to over 30 blockchain protocols, data APIs and the Blockchain Package Manager. Blockdaemon shares the FSBC’s concerns and therefore offered support for deploying the node and sharing its delegated votes with the FSBC.