Cryptocurrenc y

With the recent proliferation of Initial Coin Offerings (ICOs), financing mechanisms for decentralised protocols and applications we are seeing teams raise millions pre-product and with little more than a white paper. What are the dangers with this?

On that theme, Seedcamp partner Carlos Espinal and analyst Kyran Schmidt are joined by Dmitry Koval, Founder and CEO at Blockwise, a company specialising in blockchain consultancy and software development. Dmitry is a serial entrepreneur and investor with a track record of creating successful businesses in IT, Insurance, Cloud and Blockchain. He is a Non Executive Director at Sweatcoin, a company building a digital currency backed by physical movement.

Addressing the recent rise in Initial Coin Offerings, financing mechanisms for decentralised protocols and applications, Dmitry Koval argues that the model is only suited to certain types of projects: those where a token has an 'intrinsic' value tied to the growth of the network, and where 'there is an intrinsic economy in the system'.

Dmitry also dissects which business use cases are best suited to blockchain implementations, claiming 'there has to be some multiparty ecosystem, with several parties involved in the process... and even better, or necessary, if they have intrinsic conflicts of interest.'

Learn more about the machinery of blockchain and distributed applications, the evolution in ICOs, and the how the regulatory impact will affect new blockchain protocols.

Show notes: 
Carlos Medium: sdca.mp/2entVR3
Seedcamp: www.seedcamp.com
Blockwise: www.blockwise.org
Sweatcoin: www.sweatco.in

Related bio links: 
Carlos: linkedin.com/in/carloseduardoespinal / twitter.com/cee
Dmitry: linkedin.com/in/kovaldmitry / twitter.com/dmitrykoval

Dmitry Koval CEO at Blockwise on Blockchain and distributed applications

Video, mobile first, open APIs, an existing two-sided market, and a userbase already transacting digitally. The YouNow live video platform is an ideal candidate for a monetary network-based business. YouNow’s Props project aims to achieve just this.

Decentralized economies will reshape digital media.
Decentralized monetary networks work well when applied to existing producer-consumer networks.
Today digital media is a producer-consumer network with despotic intermediaries like youtube, Spotify, existing live video sites, etc. 
It may be possible to build a new type of business that can compete symmetrically with these intermediaries using a monetary network.

Which businesses can adopt the micro-economic business model?
Two-sided marketplaces
Established digital economies
Network-based businesses

https://www.younow.com/
https://propsproject.com/
thirdweb.net
https://itunes.apple.com/us/podcast/the-third-web/id899090462?mt=2

The Third Web #2 - The Props Project by YouNow

Today's episode - 1/6/18 Verge (XVG) & FirstBlood (1st) - Crypto News

1/6/18 Verge & FirstBlood - Crypto News

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A significant part of the modern digital economy, is underpinned by machine learning models that are trained to perform tasks such as facial recognition, content curation, health diagnostics etc. Data to train machine learning models is the essential commodity of this century - a sentiment captured by epithets such as ""Data is the new oil"". Today's dominant AI paradigm has companies focus their efforts on gathering data from their users in order to train models and monetise usage of the model. This model has many consequences such as loss of privacy for the user, consolidation of data in a handful of large companies, low access to data for startups and a fundamental impossibility of collecting sensitive data such as markers for depression.

Our guest, Andrew Trask, is building OpenMined - a platform that merges cryptographic techniques such as homomorphic encryption and multi-party computation and blockchain technology to create the ability to train ML models with private user data. OpenMined will allow AI companies of the future to develop models, have them trained on user data without compromising user privacy, and incentivise users to train their model. We walk through the OpenMined vision and its potential impact on AI business models and AI safety

Topics discussed in this episode:
- Challenges with the current AI paradigm
- OpenMined's vision to allow training of AI models with private user data
- How OpenMined works under the hood
- Applications enabled by OpenMined
- Current state and OpenMined hackathon

Links mentioned in this episode: 
- OpenMined hackathon: http://hackathon.openmined.org/
- OpenMined website: https://openmined.org/

This episode is also available on :
- Epicenter.tv: https://epicenter.tv/217
- YouTube: http://youtu.be/m5p5UFAboqc
- Souncloud: http://soundcloud.com/epicenterbitcoin/eb-217

Watch or listen, Epicenter is available wherever you get your podcasts.

Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.

Cryptocurrenc y

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