DBGrow Q4 2018 Report

Previous Updates
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ORIGINAL PLEDGES START
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Other

DBGrow will maintain 50% efficiency through the first year.

Through Q2, DBGrow shall liquidate only the FCT needed to cover tax liabilities.

DBGrow will submit support staff entries to the Factom Mainnet every 3 hours.

For managing two nodes at 50% efficiency
  • At a FCT price of $15.29 we will scale down operations.
  • At a FCT price of $8.64 we will scale down to only staff in server support roles.
  • At a FCT price of $5.55 we will scale down to a single server support employee that will respond when server issues appear.
For managing a singly node at 50% efficiency
  • At a FCT price of $29.1 we will scale down operations.
  • At a FCT price of $15.8 we will scale down to only staff in server support roles.
  • At a FCT price of $9.64 we will scale down to a single server support employee that will respond when server issues appear.
DBGrow will be capitalized by a $50,000 fund to maintain the operation of M3 nodes in severe market conditions.

Development

Tentative Development Plan:
  • Overhaul DBGrow.com to reflect Factom operations
  • Full Support System Application
  • Factom Quickstart AMI’s for AWS, Azure, and Digital Ocean
  • Point in time snapshots of testnet and mainnet
  • Alpha Factom Dapps library
  • Alpha Factom ObjectDB library
  • POC Factom HPLC/MS interface
  • Alpha Factom MongoDB library
  • Exploration of Factom in scientific applications
  • Continue development of most promising projects toward production ready release
Future interests:
  • Factom Wiki
  • Scientific Applications of Factom
  • Public Key Infrastructures
Marketing

Tentative Marketing Plan:
  • Pursue new avenues to promote Factom online and at SIlicon Valley events
  • Begin developer relations campaign
Testnet

Maintain 1 node per mainnet node

Give same level of support

Willing to run additional nodes upon request
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ORIGINAL PLEDGES END
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Current Update: DBGrow Q4 2018 Report
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#1
Quarter 4 has been an exciting period for DBGrow, and we are proud of the progress we have made within the Factom Protocol.

The Factom Asset Token Protocol

In Q4, DBGrow released our creation and work on the tokenization and smart contract protocol for factom, called the Factom Asset Token (FAT) Protocol.

Factom Asset Token Github: https://github.com/Factom-Asset-Tokens

Factom Asset Token Specifications: https://github.com/Factom-Asset-Tokens/FAT

Factom Asset Token Discord: https://discord.gg/8ADPfSc

DBGrow, along with Canonical Ledgers, Luciap, and Layertech applied for and received a grant to continue this work, and progress on that grant can be followed here:

https://factomize.com/forums/threads/factom-asset-token-protocol-grant-update-thread.1380/

Progress is going very well; we are ahead of schedule, and are adding new deliverables to complete during this grant round.


Legal & Governance Work

This has been a very busy quarter for governance work for DBGrow.

Working off of the Legal & Governance Review Grant, the Legal Research Working Group released the
  • Decentralization Review of the Factom ecosystem.
  • Factom Protocol Non-profit research and suggestion
  • Factom Protocol licensing research
  • Trademark/IP exploration research

DBGrow has also, with the Legal Research Working Group, continued to write and review Factom governance documents.


The Factom Protocol Website

In Q4, DBGrow built out the initial version of the Factom Protocol Website.

https://www.factomprotocol.org/


Open source releases

DBGrow has continued it’s work on open source technologies for the factom protocol, and this quarter released a full version of the Factom ObjectDB (https://github.com/DBGrow/factom-objectdb) with a full specification.


Committees

We have continued work in committee’s within the Factom Protocol,
  • Marketing Committee
  • ANO Pledge Committee
  • Documentation Committee
  • Exchange Committee
  • Legal Working Group

In quarter 4 we grew to our full team, hiring Sebastian Fletcher-Taylor full time in the final weeks of December as our head of research.


DBGrow’s Q1, 2019

In short, DBGrow’s Q1 2019 will be about continuing to scale our resources and work within the Factom Protocol.

We will continue to build out the Factom Protocol’s governance. Our goals for Q1 2019 are
  • A thoroughly updated Governance Document 001
  • Continue to work through better processes for ANO, Guide, and Grant rounds
  • If the community decides to move forward with it, help lead the creation of a non-profit for the Factom Protocol
We will continue to build out the Factom Protocol Website. Our goals for Q1 2019 are
  • Transition the documentation section to a more comprehensive portal for all things developer related. This includes sections for developing on the Factom protocol, core protocol code information, developing with the abundant open source infrastructures being created (FAT, Digital Identities, different language libraries, etc), ANO node information, testnet info, etc.
  • Begin adding foreign language support in major community regions
  • Integrate a Factom Protocol roadmap
  • Integrate additional governance sections like a Bug Bounty system
  • Prepare and begin work on an enhanced Ecosystem section, in accordance with what the community decides is the best structure. This will extend past just the factomize forums and into a more comprehensive portal for community and governance processes.
  • Add additional Enterprise Solutions
  • Continue to decentralize control of the website resources, including working through all legal blockers

We will continue to work within the committees, and we hope to put more focus on building out documentation within the ecosystem through the Documentation Committee.

And Lastly, we will continue to lead development of the Factom Asset Token Protocol.

We will look to hire more resources for building the factom ecosystem, infrastructures, and technologies, as well as products on top of the factom protocol. We are hiring Nic Robinette as a “Governance Builder”. We are also currently recruiting for full time developer positions. All DBGrow efforts continue to be, and are planned moving forward, for building on and with the Factom Protocol.

We have enjoyed deepening our relationships with people throughout this ecosystem over the past quarter, and we look forward to continuing to build our relationships and strengthening our collaborations with members of this ecosystem. We are very excited for the future of the Factom protocol, and the part that DBGrow will play in its future.

Thank you everyone in the Factom Community for an amazing 2018, and hears to what we can accomplish in 2019. Happy new years!
 
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#2
Thanks for this report, Julian. I appreciate all the work you guys are doing, and I am particularly looking forward to seeing FAT come to fruition.

I wonder if you could give us an update with regards to where you stand with your efficiency? As I understand it, you initially lowered that to 0% to pay for the protocol website, where most of the grunt work has now been completed. Also, if I am not mistaken, DBGrow is primarily focussed on FAT right now, and that is funded entirely via the grant pool.

Is the protocol website still incurring heavy costs? Are you redirecting that income into other projects?
 
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#3
Hey @Alex thanks!

For the website, the last ~2 months has been a lull in costs associated with he website specifically, mostly just small bug fixes, a few small additions, maintenance, and some legal costs. We've been preparing for the next big push which will focus around the ecosystem and documentation portals, and finding a good web developer to work with us on it. I mentioned this in another thread yesterday, but we are actually just hiring him on, I think timeline is next week, and his work with us will be dedicated entirely to continuing to build out the factom protocol website. I think theres so much more we can do there, the plan is to deliver a top quality website in this space. I think with the amount thats going on in factom and a really good ecosystem and developer portal, we can really have one of the best.