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ORE Network (ORE)

ORE Network (ORE)

The Open Rights Exchange is a purpose-built blockchain optimized for managing secure identities and digital assets, cross-chain.

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Contents

ore.network
Is a
Cryptocurrency
Cryptocurrency

Cryptocurrency attributes

Industry
Blockchain
Blockchain
Non-fungible token (NFT)
Non-fungible token (NFT)
Ticker Symbol
ORE
Maximum Supply
62,766,157
Block Explorer URL
etherscan.io/token/0x...8e61A782A

Other attributes

Cryptocurrency Symbol
ORE
Email Address
Medium URL
medium.com/@ORE_Network
ORE Network (ORE) - single sign-on for identities

ORE Network (ORE) is an open source blockchain that allows interaction with cross-chain identities and digital assets.

The Open Rights Exchange (ORE), created by the Open Rights Foundation (OR), is designed to enable billions of people around the world to use

blockchain applications for the first time within the next five years. Users will easily be able to control their identity, assets and rights in various online and offline

applications - with a single universal account.

This universal account will be able to create and manage wallets on multiple blockchains.

Each user's universal account in ORE will also be able to manage their accounts on the centralized web.

Next-generation applications built using the ORE protocol will easily link assets and user rights on various blockchains to the legacy Internet and traditional financial infrastructure. The barriers between the decentralized world and the centralized world will disappear.

Your decentralized finance (DeFi) and non-financial token (NFT) portfolios will be able to connect to the same identity that consumers use to log into their bank accounts. By sharing identities with Web 2.0 applications, the ORE protocol - and applications built on top of it - can connect the mass consumer market with a wide range of blockchain applications.

The ORE protocol is a set of open source standards that provides a unified interface for managing identity, authentication, access control, and financial settlement for both traditional assets and cryptoassets. ORE ID is an

ORE protocol-based single sign-on service that allows users to easily create and access their ORE accounts using email addresses or social media profiles.

Companies using ORE ID can also easily create these accounts, and therefore multi-chain wallets, on behalf of their clients at low and predictable costs. This solves the huge user experience and onboarding challenges faced by mainstream users and companies trying to implement blockchain.

End users don't even need to know they are connecting to a blockchain or decentralized network when using ORE. The experience will be indistinguishable from using the centralized apps they are used to. However, users will know that their identity, assets, and rights are securely stored in an account that they own and control.

These assets will be everything from money and real estate to games and music. Their rights are not just a record of ownership. These rights will be connected to devices in the real world - to open doors, turn on cars and watch movies. They will have these rights under the ORE Protocol, where no one can take them away, and people will be free to use them as they see fit.

New approach to identity

Today, we all have large amounts of data stored on the Internet. Most of the time it is stored in centralized databases controlled by large corporations. Companies like Google, Facebook and Amazon are making big money from this data.

Data is valuable and therefore is constantly attacked by hackers.

Blockchain technology helps make the Internet more secure and private.

We believe that people should own their identity and their data. This ownership should not rely on the trust of central parties or be isolated from a single blockchain. We've seen the pitfalls of a centralized identity infrastructure with massive data breaches, unethical advertising and social engineering - and the trade-off of privacy for corporate profits.

In an increasingly digitized world, an intelligent and ethical infrastructure is needed to manage

online identities, assets and rights.

OR Foundation launch partner AIKON built the ORE ID on top of the ORE protocol to balance the needs of regular, everyday users with this security in mind. Ultimately, an ORE ID gives an individual user ownership of multiple online identifiers for different applications, allowing that user to control how much of their online behavior they share across sites.

And while ORE ID uses social logins like Google or Facebook, it only uses them for authentication - ORE ID doesn't pass data back to those platforms or anywhere else.

AIKON's technical approach is designed to protect consumers and businesses from intruders. With ORE ID, enterprises can create

and manage application keys on behalf of their users, which is much more convenient. Those users who have become more savvy about the blockchain can

demand control of their owner's keys at any time.

In addition, ORE ID destroys the user's digital footprint by creating disconnected blockchain identifiers for each application. The ORE ID manages application-specific permissions, which can be used to further partition the user's presence across applications or API calls.

ORE Benefits

ORE ID offers advantages over existing account and identity management solutions. Current approaches that allow users to access blockchains are primarily wallet applications that are downloaded on a phone or

laptop or installed as a browser plugin.

Ironically, each wallet app or plugin usually results in the creation of a new account or wallet to manage, unless the user has the technical skills to collect or import private keys into additional apps. For example, a user who has MetaMask installed on both their laptop and phone may inadvertently create two different accounts and be unable to manage the assets in their laptop wallet on their phone and vice versa.

This scenario becomes even more complex when a user wants to manage assets across multiple chains across multiple devices, which would normally require multiple wallet apps. A user may be dismayed to find out that the Coinbase Wallet app they downloaded on their phone is an Ethereum asset wallet that has little to do with their Coinbase exchange account or the Coinbase mobile exchange app.

Wallets rely on individual consumers to secure and manage their private keys, which is intimidating and difficult for almost all users. Users who don't want to manage their own wallets rely on centralized exchanges that are restrictive, charge expensive fees, and pose a real risk of total loss of assets and breach of privacy.

This underlying user experience (UX) issue is hindering the mainstream adoption of blockchain and DeFi applications. The API-based ORE ID approach encrypts the user's keys for all public blockchains they use and stores them in the cloud, secured by two-factor authentication. This provides the best user experience that works from any device with any chain.

For a nervous product manager or director who wants to implement a blockchain solution for their business and finds the transition to a single public

blockchain a difficult decision - ORE ID will take care of them.

Companies understand that the leading public blockchains or smart contract platforms of today may not be the leaders of tomorrow. This risk may encourage them to consider private networks or bespoke solutions instead of deploying on "expensive" public chains that may one day be obsolete.

With ORE ID, consumers can have easy access to every major public chain, instead of being tempted by a “low-risk” approach when choosing a private chain solution.

Basic Technology

ORE is a cross-network global identity registry where users own and have full control over their identity information. This identity registry - the ORE registry - is stored on the ORE blockchain today and will be stored on other chains in the future.

Users will use the ORE ID as a single sign-on to manage their wallets across multiple public blockchains. ORE ID allows people to connect their traditional Internet identities such as email addresses, Google logins, or social media accounts.

ORE ID

One ORE ID account will be used as a wallet for hundreds of blockchains.

This is possible because each ORE ID account will have public and private key pairs for the ED 25519, SR25519 and SECP256K1 and SECP256R1 encryption curves.

ORE ID is a stateless and trustless login solution. It does not contain personal information (PII), it simply contains the public keys and active NFTs associated with a given account. All data in the ORE ledger can be accessed through API calls or read directly from the block chain.

Because the ORE registry only has the user's public keys, users need a system to sign transactions across multiple chains using their private keys.

These keys may be stored locally, but in most cases ORE ID encrypts these keys and stores them in the cloud.

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