Tag Archives: decc

Highlights of DeCC Day at Token2049 Singapore

Highlights of DeCC Day at Token2049 Singapore
The fifth Decentralized Confidential Computing (DeCC) Day was held at Token2049 Singapore. Strongly supported by SquidGrow, SilentSwap, Arcium, COTI, Partisia, TEN Protocol, and Novapolis, along with media partners from BlockLeaders, The Coin Republic, and Blockcast. The DeCC Day attracted large crowds and many interesting questions.

Lisa Loud, executive director of Secret Network Foundation, opened the day and spoke of two key conversations that were directly relevant to DeCC Day.

The first was a gathering at EthDenver in February where the DeCC Alliance first met, and first put together an overview and informal alliance of companies dedicated to promoting and delivering confidential computing. It is really important to note that the almost 30 companies under this umbrella use different technologies, and some are even directly competitive, but all have as a common goal confidential computing.

The second conversation germane to the DeCC Day was Lisa’s meetings with SEC Commissioner Hester Pierce. Lisa remarked to Hester that she really deserved the term CryptoMom for her hard work on behalf of crypto.

However, Hester replied she wasn’t a champion of crypto, she was a champion of people making their own decisions.

And to paraphrase the last line from Robert Frost’s poem ‘The Road not Taken’ that has made all the difference.

The DeCC Day carried on in style. The Silent Swap team were there in force and made a big announcement that their Beta was open. Supdoggie from the team gave a highly technical look at how SilentSwap is using TEE and FHE in its architecture.

Sodalabs, represented by Avishay Yanai, gave a talk on the tech behind Garbled Circuits, yet another technology added to the Alliance which already includes TEE, MPC, ZK and FHE.

The first panel, on the Importance of DePIN, was moderated by Crypto Megan. Her guests were Amar Bedi of Tashi, Alex Zaidelson of SCRT Labs and Anil Murty of Akash. The triple A guests were united in their comment that OpenAI is very closed – and that is why we need DePIN to democratize access to GPUs.

The Building Web3 Responsibly panel was moderated by Varuni Trivedi, editor of The Coin Republic and included LC of IBL Law, Joshua Maddox of COTI, Bruce Ahn of Partisia, and Zheng Leong Chua of Automata Network. Echoing shades of Games of Thrones, LC said ‘regulation is coming.’ Bruce said ‘Devs understand the rules.’ Zheng said ‘we love compliance,’ and Joshua said ‘we need to get dirty.’

Zoe McFox of Phala Network moderated the Power of DeCC panel. During this conversation, it was pointed out that in the military, there are armed guards securing databases with guns, and that we needed to find equally secure tech solutions. She was joined by Supdoggie, Yannick Schrade of Arcium and Kabal.

Finally, Anndy Lian, Governmental Blockchain Advisor, led the panel looking at commercial use cases. He was joined by Josh Wyant of Novapolis, Gavin Thomas of TEN, Cal of SquidGrow and Juan Mari of Blok Assets. During this panel it was observed that Vitalik’s lack of privacy is well documented with people tracking him through his publicly acknowledged wallets. But it’s the same for ordinary people who need protection also.

Throughout the presentations and discussions, the audience was engaged and every opportunity for questions to be asked was filled with participation and insightful answers.

The event ended with a powerful round of networking where relationships were built that will live on and keep the value of the event going for years to come.

 

Source: https://www.blockleaders.io/events/highlights-of-decc-day-at-token2049-singapore-

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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DeCC Day Token 2049 Singapore – Use Cases With Commercial Application

DeCC Day Token 2049 Singapore – Use Cases With Commercial Application

During the Token 2049 week in Singapore, the DeCC event hosted a panel discussion titled “Use Cases with Commercial Applications.” Moderated by Anndy Lian, a book author and governmental blockchain advisor, the panel featured prominent figures in the blockchain industry: Gavin Thomas, Co-Founder of TEN Protocol; Josh Wyant, Founder of Novapolis; Cal, Lead Developer at SquidGrow and SilentSwap; and Juan Mari, CEO of Blok Assets. The discussion delved into the practical applications of blockchain technology, focusing on privacy, regulatory challenges, and the potential for blockchain to revolutionize various industries.

The panel began with introductions, setting the stage for a deep dive into the commercial applications of blockchain. Juan Mari introduced Blok Assets, a firm based in Puerto Rico that builds legal structures within the SEC and FCA frameworks to tokenize assets. Gavin Thomas highlighted TEN Protocol’s work on an encrypted layer 2 for Ethereum, while Josh Wyant described Novapolis as a decentralized cloud platform with a community-centric approach. Cal, representing SilentSwap, explained their focus on privacy swaps powered by the Secret Network, enabling asset exchanges across multiple EVM chains.

The discussion quickly turned to privacy, a critical aspect of blockchain technology. The panelists shared various case studies illustrating the importance of privacy in commercial applications. Gavin Thomas cited the Italian banking system’s use of an enterprise-grade blockchain, which incorporates privacy into its design. He emphasized the potential benefits of moving to public blockchains with confidential computing, which could reduce vendor lock-in and foster competition, ultimately benefiting consumers.

Cal shared insights from SilentSwap’s journey, initially targeting consumer users but later attracting business clients who also required privacy. He highlighted the need for privacy in business transactions, where competitors should not have access to each other’s financial details. This need for privacy extends to various scenarios, such as venture capitalists being copy-traded or competitive traders being front-run by rivals. SilentSwap is now developing a business-to-business SDK to address these privacy concerns.

Juan Mari pointed out the lack of protocols for transfer agents in the tokenization of real-world assets. He stressed the need for a transfer agent with robust data privacy layers, especially when dealing with regulatory bodies like the SEC and FCA. The absence of such a solution presents a significant opportunity for innovation in the blockchain space.

The conversation then shifted to the role of confidential computing in governance and regulatory compliance. The panelists discussed how confidential computing could enable secure voting and other governance applications while maintaining privacy. They acknowledged the challenges governments face in balancing privacy with regulatory requirements, such as anti-money laundering (AML) and know-your-customer (KYC) processes. The panelists emphasized the importance of educating regulators about the benefits of blockchain technology and the potential for confidential computing to enhance security and privacy.

Anndy Lian raised the issue of privacy in the context of meme projects, questioning its importance in such communities. The panelists agreed that privacy remains crucial, even in meme projects, as it allows developers and traders to maintain anonymity and protect their identities. They shared anecdotes of individuals who have faced challenges due to a lack of privacy, underscoring the need for solutions that enable users to control their data and identities.

The panel also addressed the challenges of promoting and educating users about blockchain technology. They noted that many blockchain projects struggle to communicate their value propositions effectively, often using complex terminology that alienates potential users. The panelists suggested simplifying the user experience and abstracting away the complexity of blockchain to drive adoption. They emphasized the need for a “killer app” that showcases the benefits of blockchain without requiring users to understand the underlying technology.

In discussing the future of blockchain, the panelists expressed optimism about its potential to transform industries such as trade finance. They highlighted the inefficiencies in traditional trade finance processes, which involve extensive paperwork and reliance on third parties. Blockchain technology, with its ability to facilitate secure and transparent transactions, could streamline these processes and reduce friction. The panelists envisioned a future where blockchain underpins global trade finance, enabling more efficient and secure transactions.

The panel concluded with a discussion on emerging use cases for decentralized applications (dApps) that offer significant value for commercial adoption. They identified trade finance, real-world asset tokenization, and privacy-preserving advertising as areas ripe for innovation. The panelists also highlighted the potential for confidential computing to extend beyond web 3.0, enabling web 2.0 applications to incorporate privacy-preserving features.

Overall, the panel discussion at DeCC provided valuable insights into the commercial applications of blockchain technology. The panelists highlighted the importance of privacy, the challenges of regulatory compliance, and the potential for blockchain to revolutionize industries. As blockchain technology continues to evolve, it holds the promise of transforming how businesses operate, offering new opportunities for innovation and growth.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Navigating the privacy paradox in Web3: Insights from DeCC Day at Consensus 2024

Navigating the privacy paradox in Web3: Insights from DeCC Day at Consensus 2024

Web3 privacy emerges as a central theme, often heralded as a fundamental human right yet paradoxically elusive in the digital realm. The DeCC Day panel at Consensus 2024, titled “The Importance of Privacy in Web3,” brought together a diverse group of experts to unravel this complex issue.

Adryenn Ashley, a venture capitalist and founder of Slay Ventures, opened the discussion with a provocative introduction. She highlighted her background in creating a dating app that prioritised privacy and consent, leveraging blockchain technology. Her energetic tone set the stage for a dynamic exchange of ideas.

Seth, known in the crypto community as ‘MineyourBiz,’ identified himself as a privacy advocate to the point of affliction. His commitment to evaluating technologies for market viability and technological soundness has led him to monitor major waves in privacy tech and interview many privacy-oriented founders.

Sandy Carter, COO of Unstoppable Domains and founder of Unstoppable Women of Web3 in AI shared her company’s efforts in creating a digital identity platform that empowers users to control their personal information. She underscored the importance of allowing individuals to decide what they disclose, framing privacy as a choice rather than a given.

As a book author and fund manager from Singapore, I was also a part of this panel and naturally emphasised the significance of privacy, offering a unique perspective as both an author and investor.

Debating privacy: Universal desire vs curiosity and government oversight

The panellists engaged in a spirited debate over the nature of privacy and its perception among individuals and governments. Seth argued that privacy is a universal human desire, transcending cultural and political boundaries. However, Ashley countered that while individuals crave privacy, they are equally curious about others’ lives, driven by a systematic craving for information.

The conversation turned when I discussed the consumer’s role in the privacy equation. I posited that consumers must care about their privacy to be effectively protected, citing the use of Zero-Knowledge Proofs (ZKPs) in blockchain applications to preserve user anonymity while enhancing user experience.

Carter expanded on this by discussing the role of digital identities in managing privacy settings, allowing users to share information with applications selectively. This approach, she argued, respects the individual’s right to privacy while acknowledging the varying degrees of openness each person is comfortable with.

Also Read: Embracing the NFT revolution: Insights from Anndy Lian’s NFT.NYC speech

The panellists also tackled the thorny issue of government surveillance and regulation. Seth highlighted the lack of consideration for privacy in government discussions, often viewed as an inconvenience rather than a necessity. I shared insights from his direct advisory role with governments, revealing that while on-chain activities might be challenging to trace, off-chain actions, particularly cashing out to fiat, are transparent and traceable.

As the discussion drew close, the panellists agreed on the importance of trust in the relationship between privacy, governments, and the public. Austin Arnold, Co-Founder of Altcoin Daily, closed the panel by emphasising that privacy builds confidence and trust, which are crucial for market movement and engagement.

Privacy in Web3: A cornerstone for the future

In the digital tapestry of Web3, privacy is a beacon of individual autonomy, a principle ardently debated and fiercely defended. The DeCC Day panel at Consensus 2024 illuminated the intricate dance between personal discretion and societal transparency. The discourse traversed the spectrum of privacy—from a fundamental human yearning to a nuanced societal construct, challenging the audience to reconsider their own stances on the matter.

The panellists, each a vanguard in their respective fields, unravelled the privacy paradox with eloquence and insight. They painted a world where privacy is not a relic of the past but a cornerstone of the future—a future where trust is the currency and privacy is its mint. The dialogue underscored the imperative for privacy to be more than an afterthought in the Web3 narrative; it must be the plot itself.

As the conversation drew to a close, the consensus was clear: privacy in Web3 is not just about the right to secrecy but the right to agency. It is about crafting a digital realm where individuals navigate with confidence, empowered by the sovereignty over their data. The panel at DeCC Day did not just discuss privacy; they championed it, urging us to envision a Web3 ecosystem that is as secure as it is open, as private as it is communal.

In this era of technological renaissance, the panel’s insights serve as a compass, guiding us toward a more equitable and private digital future. The importance of privacy in Web3, as articulated by these thought leaders, is a clarion call to action—a call to protect what makes us human in a world that is increasingly digital.

The full video can be found here.

 

 

Source: https://e27.co/navigating-the-privacy-paradox-in-web3-insights-from-decc-day-at-consensus-2024-20240622/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j