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Pitch AION / NUCO
Friday, Sept. 15, 2017 · 3:11 p.m. · 06m 23s
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oh so as somebody put onto whether i was not in the bathroom
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and they called me up earlier but apologises it was light
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um my name's maggie spoke on the founder a on and also the seal
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the company behind a on top new go were based in toronto canada
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we've been operating for about a year have at this point i'm primarily focused on the enterprise market how to block chains kind of
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uh change the future about enterprises are built i sit on the board of directors of the enterprise of barium alliance
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and prior to that i started the first like changing the the white back in twenty fourteen called rhythmic so
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your background in this industry is always been why this is technology change the enterprise
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we're really relies along the way is that there was a lot of
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an salt challenges around scaling this technology not within any one network
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but more and more so between that works how do we allow the multitude of watching stay
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to coexist you've probably heard a lot of ideas stemming from
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what types of applications and business models can we build on top of any particular watching
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what i'm here to tell use i don't think the infrastructure of this industry is quite ready for that yet
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so for us the kind of which are those to the next level we really need to start thinking about these infrastructure challenges
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we call a on the third generation watching network so that kind of implies
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but there are two previous generations oblige so as you all are familiar with the echoing
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technologies that ripple in like an innumerable number of old consecrated around the same time
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focused on this concept of moving value pure pure in a very simple kind of cryptic graphically secure way
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um a lot of value here a lot of exciting innovation having a top of these networks were relatively simple in their design
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after that we saw technologies like if varian come up and then all of the enterprise come market focusing on
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how do we take this concept of smart contracts automating business processes and put them on top of watching as i mentioned
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uh we're one of the uh founding members of the enterprise it there in lines were part that technical steering group
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but there's also just as much interest going into projects like hyper lighter and
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or three and innumerable number of other projects they're focusing on building new
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block change for different industries different u. r. v.'s et cetera so what are we missing after this kind of second evolution of watch it's
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well from our perspective we're still dealing with challenges isolation we're now we've got it probably over a thousand actively use
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block change that we think are gonna scale to tens of thousands hundreds of thousands maybe millions of black jeans
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so between those watches with a scaling challenge how do i build applications
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that rely on the logic of many different uh underline what chance
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i don't why enable somewhat changed to maintain privacy while others are completely transparent
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and how to increase the amount of transactions i can actually run through these block chance to get performance
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up to a level where we could take on the mastercard and visa networks of the world
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so that's what we're building with a on okay onto a on is essentially a hub and
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spoke model of how do you connect watches to each other in the de centralise away
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we have three kind of main purposes of our design one is this concept of generating data
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the ability to move transaction from one block chain to another without meeting in exchange
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for an intermediary us in the middle of that transaction can relay that message
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secondly the ability to scale applications on so many black jeans if you build an application today on top
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of it the area more hyper later you're essentially building all of your application logic into single network
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how do you build an application that pulls it's logic inputs intruders outputs in so multitude of
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different block chains without centralise in their application this is what we're enabling but they on
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and the last thing is what we call spokes the concept of designing a hub and spoke model we're from our hub network
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you can actually create and instantiate your own customised designed watching that connects back into the ecosystem
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so how does this all work at a high level a on is what we call a multi tiered watching system
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built into our design is a new watching or developing told a on
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the one that says you know on one side and application
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home for people to build centralise applications on the other side or router for which other black jeans could plug in to
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it plug into a on one to the design that we call a bridge is uh de centralise communication protocol that allows
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nodes on one block chain to co exist on another block chain and essentially witness transactions and pass them on
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so that we can have transactions getting triggered one many networks at the
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same time without having to rely on exchange or somebody else though
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um i'm gonna jump through this really quickly because i've gotten it cut off of
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my time earlier um so you can learn more about this you know our
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website there's we we've been doing a lot of research and a lot of the implementation of this has been going for about six months that's why
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yeah the networks at the two announces that we're working on what we call the first crossed watching token
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so we're gonna be we're building a token right now on top the three watching in the form of any or c. twenty token
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what's unique about our token is that in its design we're building a bridge from our first generation a on one
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block chain back to theory and so that our token can actually flow freely between is to watch it
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so that at any given point in time you can have an a on so can sitting on top
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of the interior network or nay on second sitting on top of the on one block chain
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and it's the exact same kind of functional use the exact same value and from the
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users perspective it just flows freely back and forth between these to watch it
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um the role of the token in the network at a high level and there's two more they're researching right now but the
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first for the walk you through this concept of main chain operations
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building software applications building interchange bridges and billing participating networks
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so mention operations as you're all familiar with the watching industry's kind of participating in consensus paying for transaction fees
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these types of functions of the main chain software applications is using the virtual machine kind
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of burning fuel to actually run your soccer on top of that b. m.
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instantiated bridges by staking tokens and charging tokens when people cross the data
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across the bridge and then designing in watching and participating actions
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um i'll stick to this we are launching some out the software i next month
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uh but quick that it once in your team uh we we have to update the site
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a week by week bases at this point that is about three or four weeks old
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our based on trial we've been operating this company for just over a year and a half prior
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that have been leading eighteen for about three and a half years in this industry um and
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we're set now to kind of change what we think is the next big milestone infrastructure this
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technology so that all these great ideas can actually scale to appoint really become meaningful feature
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