Tag: Elixxir

David Chaum describes the ethos of blockchain as about empowering individuals with the keys to control their digital future.

He describes another way which is about totally decentralizing the security and privacy mechanisms that are needed in the digital world to create a new version of the internet or the web. It’s the next generation of digital infrastructure, which would include decentralized security and privacy mechanisms that allow individuals to control their digital future.

Chaum is the CEO and founder of the Elixxir blockchain. He is a serial entrepreneur who first created blockchain technology in 1982 while a graduate student at the University of California Berkeley.

Chaum is also recognized as the inventor of digital cash, is a renowned expert in cryptography and secure election systems, and is a leading proponent of blockchain technology.

Chaum also founded the International Association for Cryptologic Research, the cryptography group at the Center for Mathematics and Computer Science in Amsterdam, DigiCash (issuer of eCash cyberbucks and fiat-backed digital currencies in the 90’s), and the Voting Systems Institute.

Elixxir’s David Chaum and Madeira Global’s Christina Alfonso-Ercan speak with Fortune’s Robert Hackett at Web Summit 2018 in Lisbon, Portugal, earlier this month (Nov 5-8).

Chaum believes blockchain’s potential will surpass the hype and will unleash more human creativity and establish a new digital world.

He remarks that Bitcoin did not evolve into the vision delineated in Satoshi’s original white paper.

Alfonso-Ercan sees the opportunity for crypto as a convenience to human culture’s desire for instant gratification. Banks are going to be resistant to the change until it makes financial sense.

Chaum considers security to be the primary factor for big adoption. 

He elaborates that Blockchain is the next logical step and evolution for information technology. It will be the fundamental architecture for the democratization for entrepreneurs any where in the world. He also talks about his recent breakthroughwith Elixxir, which solves blockchain’s primary challenges.

Elixxir’s David Chaum speaks with TechCrunch’s Mike Butcher at Web Summit 2018 in Lisbon, Portugal, earlier this month (Nov 5-8).

Chaum states that no current blockchains are ready for mainstream adoption because none can fully satisfy the following requirements:

• Speed
• Privacy
• Security
• Scale

Chaum is the CEO of Elixxir, which he founded this year as a blockchain solution to the above.  In brief, it enables fast, secure and confidential messaging and payments at minimal cost. The Elixxir blockchain can scale to hundreds of thousands of transactions each second, each message or payment delivered or confirmed within seconds, efficiently enabling use as a smartphone app.

He notes that blockchain established a fair playing field for anyone in the world.

The future will evolve in a way where developers will move from creating apps to dapps because they will make more money and it’s where the world will be going.

According to Elixxir’s website, “Two fundamental innovations have enabled Elixxir’s ability to scale performance and privacy securely:”

• Nodes are selected to work together by a decentralized randomized algorithm. This creates increased privacy and network integrity.
• All per-transaction public key operations are pre-computed; only “hash functions” are used in real-time per-transaction.

David Chaum is a serial entrepreneur who first created blockchain technology in 1982 while a graduate student at the University of California Berkeley.

David is widely recognized as the inventor of digital cash, is a renowned expert in cryptography and secure election systems, and today is a leading proponent of blockchain technology.

David also founded the International Association for Cryptologic Research, the cryptography group at the Center for Mathematics and Computer Science in Amsterdam, DigiCash (issuer of eCash cyberbucks and fiat-backed digital currencies in the 90’s), and the Voting Systems Institute.

Here is David’s website: www.chaum.com.