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It is likely that you did not wake up this morning and think: what the world really needs is yet another blockchain protocol. And, of course, another cryptocurrency.
Yet, look where we are.
Bitcoin and Ethereum have a value in free fall. The job test has been exposed as an environmental catastrophe. Despite numerous efforts to improve the scalability of blockchain to something approaching Visa or Mastercard's ability to manage transactions, we have found various levels of success in shipping products.
Blockchain, Network Server, Technology, Bitcoin, BiometricsGetty
And while there have been some bright spots of innovation using blockchain in real live work applications, like this one Crypto REIT in South Carolina is Food security project by IBM / Walmart, & nbsp; much of the innovation in cryptographic space was of the kind of financial game nbsp; and not the type of legislators like.
And on that food security project … can anyone say ROMAN LETTUCE?
So it is quite clear to me that we desperately need blockchain innovation that is scalable, eco-friendly and above all that responds to real business and social needs.
A dear college friend in the Netherlands thinks so Devv, which makes itself "the corporate blockchain," could be just so I interviewed the CEO of Devv, Tom Anderson, who has a pleasantly real background in the current technology, in the shipping product and in doing good old USD .
He thinks that Devv has solved the most important problems that the blockchain has: scalability, stability, security, fraud / theft and privacy … all at a minimal fraction of the cost of Ethereum transactions.
Here is our interview:
Koetsier: What's Devv?
Tom Anderson: Devv is both a blockchain and a cryptocurrency protocol. Devv's blockchain is the fastest and most scalable blockchain in the world. This is mainly about scalability, costs, stability, fraud / theft / loss and privacy. Devv is unique in our sharding solution (we have recently benchmarked with over 8 million transactions per second, which is probably the fastest blockchain in the world), our privacy solution that aims to work in-house of government regulation, our protection against fraud / theft / loss of functionality, our efficient and economical Smart Contract solution (using Smart Coins) and our stable monetary implementation. Devv is the only blockchain to solve all the major challenges of blockchain in a single solution.
Blockchain as a field will be as significant for the company as the Internet was. I think many people have heard the hype, but they do not understand why the blockchain will be so significant. The fundamental reason is that blockchain allows transactions without trust. It is no more complicated than that – but why is it so important, and what does it really mean? Transactions that do not trust are not based on someone (in terms of blockchain, a central authority) to say they are valid. The bank transfer passes because your bank approves it, using their internal records on their internal databases. Your Visa payment passes because Visa approves it. Your medical records, Internet search history, DNA test results, friend lists, music purchases, etc. They are all held by companies that profit from such data and from their use. Imagine a world where you do not have to trust those companies to keep your data. Imagine a world in which there is an infrastructure in which anyone can exchange any kind of value directly. Just as it was for the Internet during the mid-1990s, it's hard right now to really imagine what impact computing will have without trust, but it's a fundamental change in how many things will be done.
A wider answer, therefore, to "What is Devv?" is that we intend it to be the world's infrastructure for value transfer. It is only when a blockchain solves all the problems we solve, in a single solution, which can realize that vision.
Koetsier: Why does the world need another blockchain technology?
Tom Anderson: I will answer this question second, because the story of how we started is a good basis for what we are doing, and why (and why the world needs us).
I go out of the technology industry and I am an experienced entrepreneur. In my last company, a robotics company, I raised over $ 34 million, I made public the company, created the world's first 3D consumer robotic controller, obtained the national retail distribution and licensed the order of $ 100 million video game software that we sold with our hardware. Ultimately, we have sold our IP to Facebook. The reason why I say this is that I think I have a different mentality and point of view for the encrypted space than many who are currently in space. I entered the space and I have not simply accepted all the wild concepts that many accept as innate in the field.
When I entered the blockchain space we were trying to exploit some intellectual property. Initially we created plans for a cryptocurrency that could be used in a developer store (hence the name of our blockchain – we kept a variation of the name as a nod to the people who are really creating things – developers!). However, when I started examining blockchain technologies in detail, I saw that there were odious holes in the way things are done.
These are the same problems with which anyone would want to grow a real business in the blockchain space.
- It is not possible to build your company on a platform that can not scale. Scalability was one of the main factors that led us to design our protocol.
- The idea that hundreds of millions of dollars can disappear in an online theft in a blink of an eye is ridiculous, but everyone just shrugs and says "that's it."
- Privacy is a fundamental part of the growth of a technology business, but there are no solid solutions for privacy in the blockchain space. A privacy solution must be acceptable to governments. However brilliant the zero-proof approaches (they are truly amazing) will not thrive unless governments accept them.
- Volatility is one of the biggest challenges for cryptocurrencies. Stability is necessary to actually use cryptocurrency for transferring value rather than just storing value. If the price goes up, people will not spend it, and if the price goes down, people will not accept it. It is also necessary to work within government regulations if you are actually becoming a currency, especially with fiat-approved coins (ie stablecoins). From my point of view, this is obvious and undeniable for long-term prosperity (this is the point of our concept of Dallocation) – I think it is naive to believe that governments will not be able to exert significant influence on cryptocurrencies .
- The cost for DApps is absolutely crazy – you can not be millions of times more expensive than standard databases and expect someone to use it for real purposes.
All of these concepts seem to me a common basic economic sense, but almost none of these is how the blockchain industry works at this time. When we looked at space, like a real deal, there were no solutions on which to build a real business.
Therefore, we have designed a protocol to solve all these problems.
I feel we have the best technology in space. To answer the question of "Why does this solution exist?" … it's because the world desperately needs it. Whether we are ourselves or someone else, it will surely be an approach that solves all these problems, which will become the leader in the DLT space.
Given our IP and delivery times in many of these areas, our experienced team and our long-term vision, I believe we will be.
Koetsier: how do you plan to use it?
Tom Anderson: We plan to be the blockchain Enterprise solution. Many different organizations will be able to implement their blockchain needs on our platform. The single biggest driver for big companies will be the cost, and we are very strong there.
We anticipate that the cost will be in the order of 1 / 100,000 of Ethereum, to implement our smart contracts. Other factors such as our consensus and governance algorithms, fraud / theft / loss protections and our privacy solution, as examples, will also be very attractive to corporate use.
Really, you must have a solution that works with the characteristics that people are used to, to compete.
Koetsier: what is the maximum theoretical processing speed?
Tom Anderson: Devvio has solved the problem of sharding, a vast area of research in blockchain technology. We scale horizontally, which means that to resize simply add more fragments. Each fragment is an independent blockchain, so we can add all the necessary fragments.
The complexity comes from the fact that the transactions move between the fragments and this is the intelligent aspect of our solution. We have what we call a portfolio designation, in which only one fragment is assigned to each portfolio. So we separate the payment and the balance.
We have a fragment (which we call our Tier 1 network) that works differently than the rest. It collects all the blocks of all the other fragments (level 2 networks), adds them to its blocks and then all the regulation of the handle of the T2 from the T1 blocks.
We have not yet reached a theoretical maximum in downsizing this way, but we will be able to process over 10 million transactions per second in a chain on a public and global blockchain, using the projects currently in our possession. It is a very scalable design, not only in terms of productivity, but also in terms of geography and use.
Koetsier: how does it differ from standard blockchain technology?
Tom Anderson: The vast majority of blockchain projects have focused on a particular application area (cryptocurrency, supply chain, gambling, identity, etc.) Or on the solution of one or two of the main challenges in space (privacy, scalability, smart contracts, etc.). There are no approaches, apart from those of Devvio, where the solution was designed to address all the challenges of blockchain in a single solution.
Furthermore, most projects have accepted some basic assumptions that originate from Bitcoin's design, but that are not absolute and that create a solution space where it is very difficult to solve problems. Many projects still have a creed and a design in which blockchain will surpass any type of government regulation, based on the roots of the field's cypherpunk. Governance is a significant blockchain problem, and even projects specifically aimed at governance are not proven.
Another example is the problems of fraud, theft and loss. Almost everyone in the blockchain industry simply accepts those problems as unsolvable, because the blockchains are immutable. However, Devvio has shown that you can have an immutable blockchain that still implements smart projects to solve these problems.
A blockchain approach that solves all major problems in the field in a single solution is critical to the success and growth of blockchain as an industry, and Devvio is the first to do so.
We have the fastest blockchain in the world. We have the least expensive smart contract system. We have a solution for fraud, theft and loss. We have a privacy solution that will work within government regulations. We have a stable currency that can be implemented within the KYC and AML constraints. Only after solving ALL these problems, Blockchain can truly realize its potential and become a technology that changes the world.
Koetsier: you have a currency built on Devv … when are you going to launch it?
Tom Anderson: We will launch the Devv cryptocurrency when we launch or execute the production blockchain of version 1. We expect to do so at the beginning of 2019.
We've already created the Genesis block for Devv (and including some Easter eggs, including a note that says & nbsp; "Thanks Satoshi" & nbsp; – Bitcoin showed us the way, and I feel we'll take the baton).
Koetsier: Why should people adopt it against Bitcoin or Ethereum?
Tom Anderson: Our solution does the things you need to do, to make the blockchain become what we all want to become.
It is not realistic only for mass use, business use and institutional use if a blockchain does not scale, if there is a theft without recourse, if there are no privacy solutions accepted by governments and if the price of a cryptocurrency is extremely volatile.
Once again, coming from the technological space, this is just a common sense of business. Furthermore, in the case of Ethereum, Ethereum has too many fatal flaws. It's a brilliant project and, like Bitcoin, it showed us the way, but it's not a practical solution for the future. The only cost will make Ethereum unusable in company use.
Koetsier: talks about smart contracts on Devv. Is it implemented or part of what you plan to implement?
Tom Anderson: I am very excited about our smart contract solution, which we implement with a concept called Smart Coins. There are two things that blockchain does well, and only two things: robustness and lack of trust.
If you want to use blockchain, you should need both these concepts. Otherwise, it is better to use a traditional database.
We have designed our Smart Coin approach around this philosophy. I think having a Smart Contract solution complete with Turing is a huge mistake. Do not get me wrong: our solution is based on C ++, which is Turing Complete, so we can implement everything we need, but have it where anyone can implement anything on a decentralized blockchain leads to a network that is not scalable and not sure.
I believe our solution will be welcomed by the community in a similar way to how Ethereum was received – I feel that people will be very excited by the concept.
We have designed our Smart Coin approach, presented a great deal of information about them in our patents and are currently implementing our first Smart Coins.
Koetsier: how do you plan to make it standard or default?
Tom Anderson: I think one of our biggest strengths is in the problems we solve for those looking to build real blockchain businesses. We create solutions that actually allow many activities that otherwise would not be possible, and I think we will create a lot of buzz and will help us to establish our solution.
Perhaps even more important, though, we have a lot of business development and business development experience in our team. Our president, Ray Quintana, has many contacts in the global 500 and they are very interested in our solutions. Our team is very experienced across the board, so building relationships with other companies will be one of our strengths. I feel that we represent a second generation of entrepreneurs who enter the blockchain space, with a slightly more traditional experience and formality in the growth of the business.
Finally, we intend to grow our fund to support our ecosystem. Once again, our president is a very experienced Venture Capitalist. He has been a general partner in one of the first US VCs with the best performances in the United States for the past 8 years, and has an excellent track record in creating strong returns. In raising a large risk fund to support our ecosystem, we will significantly improve our position as a leader in space.
Koetsier: Thanks for your time!
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It is likely that you did not wake up this morning and think: what the world really needs is yet another blockchain protocol. And, of course, another cryptocurrency.
Yet, look where we are.
Bitcoin and Ethereum have a value in freefall. The job test has been exposed as an environmental catastrophe. Despite numerous efforts to improve the scalability of blockchain to something approaching Visa or Mastercard's ability to manage transactions, we have found various levels of success in shipping products.
Blockchain, Network Server, Technology, Bitcoin, BiometricsGetty
And while there have been some bright spots of innovation using blockchain in real and real live work applications like this REIT crypto in South Carolina and the IBM / Walmart food safety project, much of the innovation in space cryptographic was the financial type of shell game, and not the kind legislators like.
And on that food security project … can anyone say ROMAN LETTUCE?
So it is quite clear to me that we desperately need blockchain innovation that is scalable, eco-friendly and above all that responds to real business and social needs.
One of my smart college friends in the Netherlands thinks that Devv, who calls himself "the blockchain company", could be just that. So I interviewed Devv's CEO, Tom Anderson, who has a pleasantly real background in current technology, shipping products and good old USD.
He thinks that Devv has solved the most important problems that the blockchain has: scalability, stability, security, fraud / theft and privacy … all at a minimal fraction of the cost of Ethereum transactions.
Here is our interview:
Koetsier: What's Devv?
Tom Anderson: Devv is both a blockchain and a cryptocurrency protocol. Devv's blockchain is the fastest and most scalable blockchain in the world. This is mainly about scalability, costs, stability, fraud / theft / loss and privacy. Devv is unique in our sharding solution (we have recently benchmarked with over 8 million transactions per second, which is probably the fastest blockchain in the world), our privacy solution that aims to work in-house of government regulation, our protection against fraud / theft / loss of functionality, our efficient and economical Smart Contract solution (using Smart Coins) and our stable monetary implementation. Devv is the only blockchain to solve all the major challenges of blockchain in a single solution.
Blockchain as a field will be as significant for the company as the Internet was. I think many people have heard the hype, but they do not understand why the blockchain will be so significant. The fundamental reason is that blockchain allows transactions without trust. It is no more complicated than that – but why is it so important, and what does it really mean? Transactions that do not trust are not based on someone (in terms of blockchain, a central authority) to say they are valid. The bank transfer passes because your bank approves it, using their internal records on their internal databases. Your Visa payment passes because Visa approves it. Your medical records, Internet search history, DNA test results, friend lists, music purchases, etc. They are all held by companies that profit from such data and from their use. Imagine a world where you do not have to trust those companies to keep your data. Imagine a world in which there is an infrastructure in which anyone can exchange any kind of value directly. Just as it was for the Internet during the mid-1990s, it's hard right now to really imagine what impact computing will have without trust, but it's a fundamental change in how many things will be done.
A wider answer, therefore, to "What is Devv?" is that we intend it to be the world's infrastructure for value transfer. It is only when a blockchain solves all the problems we solve, in a single solution, which can realize that vision.
Koetsier: Why does the world need another blockchain technology?
Tom Anderson: I will answer this question second, because the story of how we started is a good basis for what we are doing, and why (and why the world needs us).
I go out of the technology industry and I am an experienced entrepreneur. In my last company, a robotics company, I raised over $ 34 million, I made public the company, created the world's first 3D consumer robotic controller, obtained the national retail distribution and licensed the order of $ 100 million video game software that we sold with our hardware. Ultimately, we have sold our IP to Facebook. The reason why I say this is that I think I have a different mentality and point of view for the encrypted space than many who are currently in space. I entered the space and I have not simply accepted all the wild concepts that many accept as innate in the field.
When I entered the blockchain space we were trying to exploit some intellectual property. Initially we created plans for a cryptocurrency that could be used in a developer store (hence the name of our blockchain – we kept a variation of the name as a nod to the people who are really creating things – developers!). However, when I started examining blockchain technologies in detail, I saw that there were huge holes in the way things are done.
These are the same problems with which anyone would want to grow a real business in the blockchain space.
- It is not possible to build your company on a platform that can not scale. Scalability was one of the main factors that led us to design our protocol.
- The idea that hundreds of millions of dollars can disappear in the blink of an eye in the blink of an eye is ridiculous, but everyone simply shrugs and says "it's just like that it is" .
- Privacy is a fundamental part of the growth of a technology business, but there are no solid solutions for privacy in the blockchain space. A privacy solution must be acceptable to governments. However brilliant the zero-proof approaches (they are truly amazing) will not thrive unless governments accept them.
- Volatility is one of the biggest challenges for cryptocurrencies. Stability is necessary to actually use cryptocurrency for transferring value rather than just storing value. If the price goes up, people will not spend it, and if the price goes down, people will not accept it. It is also necessary to work within government regulations if you are actually becoming a currency, especially with fiat-approved coins (ie stablecoins). In my opinion, this is obvious and undeniable for long-term prosperity (this is the point of our concept of Dallocation) – I think it's naïve to believe that governments will not be able to have a significant influence on cryptocurrencies.
- The cost for DApps is absolutely crazy – you can not be millions of times more expensive than standard databases and expect someone to use it for real purposes.
All of these concepts seem to me a common basic economic sense, but almost none of these is how the blockchain industry works at this time. When we looked at space, like a real deal, there were no solutions on which to build a real business.
Therefore, we have designed a protocol to solve all these problems.
I feel we have the best technology in space. To answer the question "Why does this solution exist?" … it's because the world desperately needs it. Whether we are ourselves or someone else, it will surely be an approach that solves all these problems, which will become the leader in the DLT space.
Given our IP and delivery times in many of these areas, our experienced team and our long-term vision, I believe we will be.
Koetsier: how do you plan to use it?
Tom Anderson: We plan to be the blockchain Enterprise solution. Many different organizations will be able to implement their blockchain needs on our platform. The single biggest driver for big companies will be the cost, and we are very strong there.
We anticipate that the cost will be in the order of 1 / 100,000 of Ethereum, to implement our smart contracts. Other factors such as our consensus and governance algorithms, fraud / theft / loss protections and our privacy solution, as examples, will also be very attractive to corporate use.
Really, you must have a solution that works with the characteristics that people are used to, to compete.
Koetsier: what is the maximum theoretical processing speed?
Tom Anderson: Devvio has solved the problem of sharding, a vast area of research in blockchain technology. We scale horizontally, which means that to resize simply add more fragments. Each fragment is an independent blockchain, so we can add all the necessary fragments.
The complexity comes from the fact that the transactions move between the fragments and this is the intelligent aspect of our solution. We have what we call a portfolio designation, in which only one fragment is assigned to each portfolio. So we separate the payment and the balance.
We have a fragment (which we call our Tier 1 network) that works differently than the rest. It collects all the blocks of all the other fragments (level 2 networks), adds them to its blocks and then all the regulation of the handle of the T2 from the T1 blocks.
We have not yet reached a theoretical maximum in downsizing this way, but we will be able to process over 10 million transactions per second in a chain on a public and global blockchain, using the projects currently in our possession. It is a very scalable design, not only in terms of productivity, but also in terms of geography and use.
Koetsier: how does it differ from standard blockchain technology?
Tom Anderson: The vast majority of blockchain projects have focused on a particular application area (cryptocurrency, supply chain, gambling, identity, etc.) Or on the solution of one or two of the main challenges in space (privacy, scalability, smart contracts, etc.). There are no approaches, apart from those of Devvio, where the solution was designed to address all the challenges of blockchain in a single solution.
Furthermore, most projects have accepted some basic assumptions that originate from Bitcoin's design, but that are not absolute and that create a solution space where it is very difficult to solve problems. Many projects still have a naive belief and a design in which blockchain will surpass any type of government regulation, based on the roots of the field's cypherpunk. Governance is a significant blockchain problem, and even projects specifically aimed at governance are not proven.
Another example is the problems of fraud, theft and loss. Almost everyone in the blockchain industry simply accepts those problems as unsolvable, because the blockchains are immutable. However, Devvio has shown that you can have an immutable blockchain that still implements smart projects to solve these problems.
A blockchain approach that solves all major problems in the field in a single solution is critical to the success and growth of blockchain as an industry, and Devvio is the first to do so.
We have the fastest blockchain in the world. We have the least expensive smart contract system. We have a solution for fraud, theft and loss. We have a privacy solution that will work within government regulations. We have a stable currency that can be implemented within the KYC and AML constraints. Only after solving ALL these problems, Blockchain can truly realize its potential and become a technology that changes the world.
Koetsier: you have a currency built on Devv … when are you going to launch it?
Tom Anderson: We will launch the Devv cryptocurrency when we launch or execute the production blockchain of version 1. We expect to do so at the beginning of 2019.
We've already created our Genesis block for Devv (and including some Easter eggs, including a note that says "Thanks Satoshi" – Bitcoin showed us the way, and I feel we'll take the baton).
Koetsier: Why should people adopt it against Bitcoin or Ethereum?
Tom Anderson: Our solution does the things you need to do, to make the blockchain become what we all want to become.
It is not realistic only for mass use, business use and institutional use if a blockchain does not scale, if there is a theft without recourse, if there are no privacy solutions accepted by governments and if the price of a cryptocurrency is extremely volatile.
Once again, coming from the technological space, this is just a common sense of business. Furthermore, in the case of Ethereum, Ethereum has too many fatal flaws. È un progetto brillante e, come Bitcoin, ci ha mostrato la strada, ma non è una soluzione pratica per il futuro. Il solo costo renderà Ethereum inutilizzabile nell'uso aziendale.
Koetsier: parla di contratti intelligenti su Devv. È implementato o parte di ciò che prevedi di implementare?
Tom Anderson: Sono molto entusiasta della nostra soluzione di contratto intelligente, che implementiamo con un concetto chiamato Smart Coins. Ci sono due cose che blockchain fa bene, e solo due cose: robustezza e mancanza di fiducia.
Se vuoi usare blockchain, dovresti aver bisogno di entrambi questi concetti. In caso contrario, è meglio usare un database tradizionale.
Abbiamo progettato il nostro approccio Smart Coin attorno a questa filosofia. Penso che avere una soluzione Smart Contract completa di Turing sia un errore enorme. Non fraintendermi: la nostra soluzione è basata su C ++, che è Turing Complete, quindi possiamo implementare tutto ciò di cui abbiamo bisogno, ma averlo dove chiunque può implementare qualsiasi cosa su una blockchain decentralizzata porta a una rete che non è scalabile e non sicuro.
Credo che la nostra soluzione sarà accolta dalla comunità in modo simile a come è stato ricevuto Ethereum – Sento che la gente sarà molto eccitata dal concetto.
Abbiamo progettato il nostro approccio Smart Coin, presentato una grande quantità di informazioni su di loro nei nostri brevetti e stiamo attualmente implementando le nostre prime Smart Coins.
Koetsier: come pensi di renderlo standard o predefinito?
Tom Anderson: Penso che uno dei nostri maggiori punti di forza sia nei problemi che risolviamo per coloro che cercano di costruire imprese reali sulla blockchain. Creiamo soluzioni che consentono effettivamente molte attività che altrimenti non sarebbero possibili, e penso che da sole creeremo un sacco di buzz e ci aiuteranno a stabilire la nostra soluzione.
Forse ancora più importante, però, abbiamo un sacco di sviluppo del business e esperienza di sviluppo aziendale nel nostro team. Il nostro presidente, Ray Quintana, ha molti contatti nel 500 globale e sono molto interessati alle nostre soluzioni. Il nostro team è molto esperto su tutta la linea, quindi costruire relazioni con altre aziende sarà uno dei nostri punti di forza. Sento che rappresentiamo una seconda generazione di imprenditori che entrano nello spazio blockchain, con esperienza e formalità un po 'più tradizionali nella crescita del business.
Infine, intendiamo far crescere il nostro fondo per sostenere il nostro ecosistema. Ancora una volta, il nostro Presidente è un Venture Capitalist molto esperto. È stato socio generale in uno dei primi VC degli Stati Uniti con le migliori performance negli Stati Uniti negli ultimi 8 anni, e ha un eccellente track record nella creazione di forti ritorni. Nell'innalzare un grande fondo di rischio per sostenere il nostro ecosistema, miglioreremo notevolmente la nostra posizione di leader nello spazio.
Koetsier: Grazie per il tuo tempo!
