Learn about the latest information about Filecoin Plus (Verified Customer Data Mechanism) in one article

At 1:00 a.m. on Wednesday, November 11, Beijing time, Protocol Labs held an online meeting to discuss Filecoin plus (Verified Customer Data Mechanism). The meeting host Jonathan Victor, the speaker Zixuan from the Filecoin Economic Model Team, and Phillip Banhard, a representative of the Filecoin Foundation, also participated in the online discussion on the Verified Customer Data Mechanism. The Glacier Lab translated and published the meeting minutes.

The main content of this online meeting revolves around: discussing the rules for approving notary applications; using the Filecoin Foundation as an example to explain the process and results of reviewing notaries.

01Process framework of Filecoin Plus (verified customer data mechanism)

02The perspective of the notary public

https://github.com/filecoin-project/notarygovernance/tree/main/notaries/templates#overview

There are 5 categories and 11 examination points for the notary's perspective. Each item is worth 5 points, with a minimum of 1 point and a maximum of 5 points. A final comprehensive score of 1 point will obtain the right to allocate quotas less than 10TB, 2 points for 10-100TB, 3 points for 100TB-1PB, 4 points for 1-10PB, and 5 points for 10PB+.

Specifically divided into:

1. Long-term interest relevance to the Filecoin network - ① length of time participating in the Filecoin network ② the amount of FIL assets involved in the Filecoin network;

2. Industry reputation - ① Reputation in the Filecoin network ② Security in the Filecoin network ③ Reputation outside the Filecoin network;

3. Diversification and decentralization - ① Geographic diversity ② Data content diversity;

4. Completeness of quota usage plan - ① quota usage plan ② customer investigation due diligence ③ quota allocation accounting details

5. Historical Records - ① Past achievements as a notary public

See the following table for details:

(Filecoin Foundation's scoring details: a final comprehensive score of 2 points will grant you 100TB of quota. https://docs.google.com/spreadsheets/d/19p4ivDykWxj3TmeVuCAP7SctlHHDZmUbJAlllKv8KhI/edit#gid=904935780)

03 Pay special attention

The computing power, staking, collateralization, and penalty for errors for storing verified customer data will be ten times that of unverified data.

If a client wants to obtain a quota of effective computing power, he or she needs to apply to any notary of his or her choice (it is recommended to have a notary with similar expertise reviewed by the notary). When approving and allocating quotas, the notary must handle the application in a detailed, transparent and open manner and explain the basis.