Review SINSO – Filecoin Layer2 and Infrastructure Focused on Filecoin Web 3.0 Ecosystem

The trend we will witness is that the Internet will ultimately come down to the user. In web 2.0 architecture, the back-end database, cloud storage, and code logic are deployed in a centralized way.

What is SINSO?

HTTP is a stateless protocol, i.e. the server does not retain any state at the time of the transaction with the client. the world of Web 3.0 is a world where the user is in control of their data assets and actively created world. For example, in Brave Browser, when users surf the Internet, the browser will recommend ads to the readers and at the same time will return a portion of the revenue to the readers. It consumes the user’s data and generates revenue for the user at the same time.

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SINSO is a Filecoin layer2 + infrastructure based on the Web 3.0 ecosystem. After the capacity of the Filecoin network is built, a series of middleware and various infrastructures needs to be developed for DAPP applications to do a full transition to web 3.0, which is not yet complete in the Filecoin ecosystem. SINSO enables application developers to quickly and efficiently build applications in the Filecoin ecosystem and collaborate with storage providers to advance the Filecoin plus initiative.

Outstanding features

What is the project trying to achieve?

SINSO is essentially working the infrastructure of the middle layer of Filecoin, which is layer2 of Filecoin. The completion of the capacity building of the Filecoin network (the economic model crossed the “baseline” last April this year) marks the beginning of the era of the explosion of the application ecosystem development. Because Filecoin still lacks a lot of quality middleware tools, And Filecoin does not yet meet the general needs of DAPPs in terms of efficiency and performance, the transition from Web2.0 to Web3.0 is still a bit difficult, and it is because of the imperfections of the Filecoin ecosystem that gives Sinso a huge opportunity.

The whole network capacity of Filecoin has exceeded 14eb, but most of the space does not store valuable data. Filecoin provides storage as LayerO, and the upcoming FVM can integrate smart contracts, which will be the most important base and support of Web3.0. At present, the storage efficiency is still low, and the retrieval is very inconvenient. FVM will continue to be plagued by high gas fees and low throughput. If you want to realize complex and high-performance applications, you must build Layer2.

What is the unique selling point?

SINSO offers 4 major product components.

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SINSO Getway

SINSO Getway provides a data collection standard API interface, including an industry-specific communication protocol interface, data pre-processing, and privacy calculation module through the standard API for the individual and institutional data exchange. SINSO Getway simplifies the process of data collection and makes the collection process more efficient. The SINSO team will also provide more LDN (large data cap) resources that have been applied and shared with miners to accelerate the implementation of effective data mining applications.

To be able to improve the efficiency of SINSO Getway, the team also provide a distributed hot data caching layer to build Hot data mining so that people building the DAPPs do not need to bother building unsafe nearby IPFS full nodes.

Using the SINSO Getway, user can build professional distributed storage applications. SINSO has recently released the first Filecoin Layer 2 component based on SINSO Getway, and they have developed their first application based on SINSO Getway: DicomNetwork. This is the first Filecoin-based medical open-source project for a global storage network and diagnostic platform for doctors and patients. DicomNetwork works based on Filecoin’s web3.storage which is attainable to build web applications and provides users with free access to the Filecoin network for data storing and data retrieval.
DicomNetwork is a great case study based on Filecoin layer2 — SINSO Getway — DicomNetwork can efficiently complete Filecoin interactions based on strong support from SINSO Getaway. SINSO DicomNetwork is doing the most valuable things according to the concept of MOOM (massive open online medicine). The Dicom 3.0 communication protocol encapsulated by SINSO Getway could theoretically inject tens of billions of dollars worth of medical data into the Filecoin ecosystem.

SINSO DAPP cube

SINSO DAPP cube is the middleware of the application. The SINSO DAPP online consultation module is the application case of the SINSO DAPP cube. SINSO DAPP also provides a middleware according to FHIR (Fast Health Interoperability Resources) FHIR is a standardized health information transfer protocol for electronic transmission between different applications in the medical field. it can quickly interface with the most mainstream medical information systems in the world.

SINSO Donors Network

SINSO Donors Network is an incentive economy model based on a deep phenotype analysis model of data and a middleware system for data trading. Automating the matching of data purchasers and providing incentives to storage miners and related contributors. NFTs provide a variety of industry data templates and aggregate the data purchasers resources, enabling users, research institutions, and others to better leverage and realize data assets.

SINSO DAC

SINSO DAC is a contractual framework for community governance and incentives, and the combination of SINSO DAC and SINSO Donors Network enables the creation of future data index companies based on NFT collections. The SINSO DAC is a must-have tool for building community-governed distributed business entities that unlock tremendous value from data assets in a collective manner.

Roadmap

Technical Data

SINSO token is used for the Web3.0 data ecosystem. As a liquidity medium for production, storage, transaction, incentive, audit, circulation of data assets, and NFT, it can also be used for service and discount rights and interests, liquidity pledge, mining, etc.

Token Metrics

• Token Name: SINSO
• Ticker: Updating…
• Blockchain: BSC
• Token Standard: BEP 20 
• Contract: Updating…
• Token Type:  Utility, Governance
• Total Supply: 100,000,000
• Circulating Supply: Updating…

Token Allocation

Token Sale

Updating…

Token Release Schedule

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Token Use Case

INSO will build Filecoin layer2 as the core task. For the valuable behavior of FILECOIN & SINSO ecosystem, we will have clear rewards in the SINSO system.

1) SINSO first encourages valid data to be stored in Filecoin ecosystem provides the construction of distributed cache nodes, provides a fast storage channel for Filecoin valid data storage, and will be rewarded with SINSO token. Node builders also need to lock a portion of SINSO token as a staking.

2) Mining nodes bound with valid data protocol stacks will be rewarded 1~5 times, and developer nodes that provide valid data protocols will be rewarded 1~5 times. Uploading real business data to the node requires SINSO token to be consumed as gas fee, but fil token rewards can be obtained during the LDN (large datacap) promotion period.

3) Using SINSO token, the NFT of the dynamic data set can be published on the FVM side chain. If NFT is to be issued, a part of SINSO token must be pledged. The sharing transaction of the data set corresponding to the NFT will burn a part of SINSO token as a handling fee. In addition to minting NFTs for dynamic datasets, our regular contract execution will use SINSO token as a gas fee, which will be much cheaper than the mainstream FVM.

4) Data DAO will be governed by SINSO tokens, it will obtain voting rights and dividend rights by staking SINSO token. Data DAO is an organization with data governance as its core.

Market and Community

Market

Filecoin is the world’s most important web 3.0 ecosystem, with over 10 EiB of capacity built, over 10 billion invested in hardware facilities, and an ecosystem of about 155+ projects — applications, developer tools and infrastructure that can be built on the web; 430+ new projects joining the ecosystem through hackathons and gas pedals.

Users can think of Filecoin as an island economy, where participants come together to produce valuable stored goods and services and export them around the world. This creates a very unique economic model where developers and commercial organizations can take what they need from an “island economy”, where any creation can be based on infrastructure built by others, and where world-class applications can be built quickly with the reuse of tools and resources.

Community

Backers

Team

The SINSO team was established in October 2020. As the leading medical imaging SaaS cloud service provider the core members have served more than 500 medical institutions and more than 80,000 medical imaging doctors.

Users/institutions collect data through SINSO Getway, cast health/medical-related data into NFTs in SINSO DAPP, conduct transactions at SINSO Donors Network, and realize the value transfer of medical data.

SINSO builds the SINSO DAC ecology based on WEB3 technology and jointly promotes the human society to enter the era of decentralized medical care.

Partners & Investors

Verdict

More products like this will emerge in the future, allowing users to participate in the operation of the company. During the upgrading and iteration of the sharing economy, the boundaries of the company are blurring and we will build a distributed business organization with DAO and DAC as the architecture. Anyone can build their own long-lasting business at any time based on the distributed network and storage of miners’ anonymous crowdsourcing. As a new data storage and distribution network, the Filecoin network’s mission is to create a distributed, efficient and powerful foundation for human information. SINSO could be a very promising project for long-term holders because data service is the core of future web 3.0.

Find more information about SINSO:

Website: https://www.sinso.io/

Medium: https://sinsonetwork.medium.com/

Twitter: https://twitter.com/sinsotech

Telegram: https://t.me/sinsonetwork

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

VinceH

Coincu Ventures