Origo (ORI)

What is Origo

Origo is a scalable privacy-preserving solution for decentralized applications.

As the Origo team state, they are developing a solution that is supposed to resolve one of the major smart contract issues, i.e. lack of privacy. The Origo platform will enable creation and execution of smart contracts without revealing private input/output data. Origo’s ultimate goal is to ensure confidential transactions and protect data for decentralized applications.

The Origo protocol employs both on-chain and off-chain computations. The protocol envisages four main stages: Initialize, Commit, Execute and Settle. The smart contracts will be executed offline so as not to reveal any input data and results to the public. Once the contract is executed, a zero-knowledge proof is generated by the executor and verified by blockchain. 

The Origo’s privacy-preserving protocol solution can be potentially employed by various decentralized applications in multiple industries, such as finances (insurance, credit scoring), health care (medical records), IoT, etc. Developers will be able to build applications on the Origo Privacy-Preserving Application Platform.

The Origo solution will employ a proprietary token. The Origo token will be used for various incentives. For instance, similarly to ETH on Ethereum, the tokens will perform a “gas fee” function. Origos will also be used for deposits, rewards and payments.

The team are planning to release Origo test net in December 2018.