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.