Brendan from Block.one sat down with CNBC’s Brian Sullivan to discuss some of the big questions businesses are asking today. What impact is Blockchain having on enterprise? Why governments are primed for Blockchain? What can we learn from the 90’s technology bubble and more.
Brendan Blumer, CEO of Block One, which started 2-1/2 years ago, introduces Dan Larimer, CTO, who outlines the past and introduces “Voice,” their new social media platform.
A year ago they released the EOSIO open source protocol, which Larimer describes as the “fastest, most scalable and most active blockchain software in the world.”
Balaji Srinvasan and Tim Wagner from Coinbase announce that EOS is now available to trade on their platform and that visitors can earn EOS by completing some lessons on EOSIO.
Wagner also notes that Coinbase is the only major crypto exchange that has not been breached.
Larimer announced EOSIO 2 with a “WebAssembly engine designed for blockchain,” which is 12x faster than what it was a year ago when launched.
He also announced WebAuthn to support blockchain private key safety, which was elaborated by Guido Appenzeller, of Yubico. He describes their hardware key as vastly more secure than any passwords.
Blumer comes back to note that “Social media has not been a good friend to us.” He further states, “Our content. Our data. Our attention. These are all extraordinarily valuable things. But right now it’s the companies, not the users, that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder.”
He states they are building a transparent social media platform on EOS where what’s good for the platform is good for people, too, with built-in accountability.
They call it VOICE.
Larimer returns to introduce the Voice token. It rewards users via contention creation and discovery. The rewards are then used to magnify your voice on their platform.
The platform authenticates real people as users, eliminating bot armies and anonymous controls.
The authentication of all users on the platform also establishes an EOS-based blockchain identity that can be integrated into other applications in the future.
Brendan Blumer, Block.one Co-Founder and CEO, speaks about their 4 billion investment, creating a new internet infrastructure and allowing people to take control of their privacy.
Block.one is the company behind EOS.IO, which is a blockchain protocol powered by its native cryptocurrency EOS.
EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.
In the video interview, Blumer describes blockchain as a secure way to store and transfer data. Whereas, the internet was a fundamentally insecure way.
He notes that there won’t be one blockchain for all purposes. Different types of governance will tailor to different types of industries.
Blumer also touches upon blockchain’s innate ability to create transparency, even in Force majeure circumstances.
Brendan Blumer, the CEO of Block.one, presents his keynote speech on Sept 26, 2018 in Olympia, London for the Blockchain Live 2018 conference.
Blumer outlines a cogent overview of blockchain and its transformative promises. He notes that it is a technology that welcomes everyone with no prerequisites and which will inevitably become part of our future.
Blumer offers this definition: Blockchain is simply a mutually agreed set of standardization of data storage and transmission. It’s a set of constraints that developers agree to abide by in order to obtain security, auditability and interoperability.
He suggests an analogy that blockchain is to data in some ways what regulation is to society.
He describes blockchain as a social and economic movement that offers the promise of a more transparent, efficient and interoperable world.
Blumer notes it includes a promise that, over time, it will allow our governments to better represent all of us.
He highlights how blockchain can transform centralized platforms, like Facebook, Uber, Airbnb, GitHub, insurance institutions and banking, into decentralized networks, where the profits of such networks would be minimal to non-existent and any excess value could be driven back to those who contribute to the prosperity of the project.
Blumer further elaborates: “Shareholders, as we currently understand them, are in many cases beginning to represent pricing inefficiencies and we may yield them less competitive to projects with perfectly priced goods and services.”
As an example, he describes a social network that rewards users with tokens for content creation, and requires advertisers to purchase those tokens, which drives value to the users, as opposed to traditional shareholders.
He remarks upon the democratization of blockchain with the idea that transparency may usher in a new era of equality and accountability.
Blumer describes blockchain tokenization as an opportunity that allows consumers to store value in projects they know and understand, which they can also engage in for their own prosperity. In such a tokenized economy the activity of early discovery and evangelism can and will be a career in itself.
Block.one is the company behind the EOSIO blockchain, which is the brainchild of CTO Dan Larimer. The company bills EOSIO as “The most powerful infrastructure for decentralized applications.”
Brendan Blumer is the founder and CEO of Block.one and in the above video he discusses the company’s $1 billion investment to foster the expansion of their blockchain.
EOS is a cryptocurrency that powers the EOS.IO blockchain. Calling itself “The most powerful infrastructure for decentralized applications,” EOS.IO is a decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dapp) on its platform.
A dapp built on the EOS.IO platform does not require micropayments by end users to send messages and perform tasks. This is left up to the individual dapp developers to determine how transactions fees (which are extremely low) will be paid. This means companies are free to come up with their own monetization strategies and offer their users service for free or otherwise.
The EOSIO platform was developed by the private company Block.one and released as open-source software on June 1, 2018.
Here is how CEO, Brendan Blumer and CTO Daniel Larimer at Block.one describe it:
An interesting point made by Blumer is “The idea of EOS is that if you’re able to build a basic website you should be able to build/launch a decentralized business.”
Furthermore, it’s also become the #1 (most active) blockchain on Blocktivity.info