These Are The Funds Louis Bacon Trusts His Foundations Money ToHedge fund managers are amongst those who make countless dollars every year, and much of them engage in philanthropy. Some have even established their own structures to disperse their millions, and one of them is Louis Moore Bacon, the founder of the Moore Foundation and Moore Capital Management. Q3 2021 hedge fund letters, Read MoreThe sense of control of our lives through information at this point in human development has actually ended up being crucial, as markets and organizations will have no other way to survive through it– they have the power to not only possess it in huge volumes however to process it for their advantage.
Since huge IT platforms have actually been accused of monopolizing and using users personal data at will, blockchain technology is using individuals absolute control over their information through Decentralized Identifier (DID) and Identity Data Hub (IDH) innovations.
We spoke with Martin Lee, CEO of blockchain platform LEDGIS, about how these innovations can give information control back to users, about the essential mistaken belief within the NFT realm, and how LEDGIS is focusing on user information sovereignty.
What Is LEDGIS?
Martin Lee: LEDGIS is a user-centric (SSI) blockchain platform that prevents the monopolization of personal data. It has an advanced coin economy where you can experience various dApp services at a high speed of 3,000 TPS, and receive benefits according to your contribution to the community.
LEDGIS coin, LED, is utilized as a payment method in Real Collection, a premium art material NFT market, which is LEDGIS own service. It is utilized as a way of payment and payment in the realization of LEDGIS token economy and development of an ecosystem.
In Your Experience, How Has Blockchain Affected The Tech World?
Martin Lee: Previously, hardware was the crucial element of industrial development with an emphasis on the significance of semiconductors.
Now, as the 4th commercial revolution unfolds, info is essential and data has actually ended up being the essential aspect of industrial development. In addition to securing top quality huge information, guaranteeing information reliability is more crucial than ever.
Technically, What Is It That Lies At The Core Of LEDGIS?
Martin Lee: The core technology is IDH, a DID-based decentralized data file encryption storage/sharing option. In IDH, the user straight encrypts and sends data from the terminal, and disperses and stores large-capacity data in the storage utilizing safe and secure Database (DB) and InterPlanetary File System (IFPS) innovation.
The storage produces a personal key/public key drawn out from the users encryption key, and generates a common symmetric secret with the other partys public key. In this manner, individuals can exercise complete control over their information.
What Are The Main Challenges LEDGIS Will Have To Overcome?
Martin Lee: LEDGIS released mainnet/block explorer/wallet 1.0 in 2019, went through upgrades, and began running the mainnet in earnest in November 2021.
Currently, 12 dApps are working as block producers however there are no killer dApps that attract many individuals– cultivating them is an obstacle. We have high expectations for the success of “Real Collection”– the premium art material marketplace.
Genuine Collection can guarantee the reliability of deals by applying DID and IDH technologies, and I think it has enough prospective to become a killer dApp by protecting outstanding IP such as East Village Art.
What Are Some Industry Misconceptions?
Martin Lee: Looking at the recent NFT trend, it appears that success is ensured if any content is NFTized. NFT is only a technology that increases the shortage of an asset and does not ensure success.
For NFT innovation to prosper, the original work of art to which the technology is used should succeed.
It is thought that a service model is required that enables not only artists however also collectors to collect and take royalties. With Real Collection, we plan to produce an area where collectors and artists can coexist together by offering a variety of services, consisting of a split sales method and NFT DeFi.
Lets Dig Deeper Into What Real Collection Is …
Martin Lee: The Real Collection is an NFT market where you can trade curated art contents such as pop art and graffiti operate in New Yorks East Village. The contents of famous artists such as Basquiat and Keith Haring are exclusively on sale.
Real Collection sells only selected resolve the art directors screening and is focusing on securing outstanding IP by restoring lost works of famous artists.
Upgraded on Jan 10, 2022, 12:09 pm
Who owns information? One of the most essential conversations in the context of the digital transformation the world is presently experiencing pertains to personal data and its treatment.
