Octan Network aims to unlock Data Intelligence on Web3 powered by a novel Reputation Ranking System and collaborative AI/ML.

Onchain data analytics is critical along with the advancement of Web3. Among others, Octan tackles data intelligence in Web3 starting with the business intelligence problem. From tons of onchain data, Octan helps Web3 companies to make easy-reading market reports, to qualify, classify and segment onchain users accounts. To serve those purposes, Octan has invented a novel Reputation Ranking System, inspired by Google PageRank. It is a key to extract social insights and user behaviors from onchain transactional graphs. Overall, Octan aims to provide Web3 companies actionable insights and help Web3 users build their trustworthy profile onchain.

Extending further, computing capacity is a key to process and compute large datasets, and to solve AI/ML models, graph visualization more efficiently. Thus, Octan team has developed a distributed GPU-computing protocol, which utilizes decentralized idle computing power (DePIN) worldwide for federated learning (i.e. collaborative AI/ML training), visualizing and clustering huge graphs. Our demo (trained 500GB-1TB data training with Yolo7 using multi-independent, low-performance GPUs) showed better stability than Pytorch. This enables a huge potential to unleash federated learning (or collaborative AI/ML) for data intelligence, data science and data analytics in Web3.

Octan Products

Octan Product is structured by three core components:

• Reputation Ranking System (RRS) is the core engine to compute reputation scores & ranking of Web3 entities from onchain data, inspired by Google PageRank. It helps extracting social insights and user persona from onchain transactions, segmentation according to various categories (DeFi, LSD, L2s, restaking, NFT, gamefi, DAO, socialfi, etc).
• Decentralized GPU-computing is a distributed GPU-computing protocol built on top of Blockchain and DePIN with token-economics and incentives. It leverages idle GPUs worldwide to provide GPU-centric computational power for training reputation ranking, AI/ML models & visualizing Web3 graphs.
• Business & Data Intelligence platform leverages the RRS & distributed GPU-computing for onchain data analytics. It is also open to third parties to analyze & visualize Web3 graphs, or train parallel/collaborative AI/ML models using their own data source.

Octan development progress

• Data pipeline covers all onchain transaction data of 5 chains: Ethereum, BNB Chain, Arbitrum, Polygon, OP Mainnet
• Reputation ranking board currently supports Ethereum, BNB Chain, Arbitrum, Polygon, Base, Tron, XRP Ledger, Near-Aurora, NEO-EVM and more chains coming next time (OP Mainnet, zkSync Era, Linea, etc). Viewers can find reputation scores and ranking of a contract, wallet or dapps, together with other onchain statistics.
• Octan soulbound token (SBT) is available on BSC and opBNB mainnet. Users can mint SBT to carry their reputation scores, proving their onchain trustworthiness without exposing privacy.
• Octan Label (close alpha) provides an interface to label and annotate onchain entities (e.g. classifying a dapp into DeFi, gamefi or socialfi, etc).
• Octan Analytics (close alpha) provides a platform to query reputation scores and onchain statistics, build custom analytical dashboard, extract and analyze dapps, classify and segment Web3 users.
• Distributed GPU-computing protocol: a prototype to train ~1Tb of data on multi-independent GPUs with Yolo7.

Tractions

Octan reputation ranking & onchain analytics dashboard (closed beta) has been using by Coin68, Kyros Ventures and several media agencies, market researchers to make market reports.

Octan accomplishments

• Second Tier grantee of BNB Chain Grant DAO on Dorahack
• Dfinity Developer Grant of $25k USD
• Octopus Star Prize of $50k USD
• Top20 Web3 Matching organized by BNB Chain
• Published 3 research papers about onchain reputation ranking algorithms on top international scientific journals and conferences.

What's next for Octan Network

• Building distributed GPU-computing protocol on EVM testnet
• Onchain reputation & analytics platform will support more blockchains
• Build onchain analytics platform (beta version focusing on business intelligence)

Visit Octan

• Official website: https://octan.network/
• Official Telegram group: https://t.me/OctanNetworkGlobal