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AMA with Partisia Blockchain
Recorded: Jan. 19, 2023 Duration: 0:57:49Space Recording
Full Transcription
Hey, Kirill, can you make me a co-host?
Yeah, sure.
Hey, Joe.
Bruce, good morning.
Good evening.
Good morning for you, evening for me.
Good morning, evening somewhere.
Nice to chat with you, Bruce.
Appreciate you coming on today.
Hey, everything's going well.
I'm actually in Aarhus, Denmark right now at the actual Partijo office here for about two weeks to get further integrated into our delivery process and get a little bit more integrated into the team.
But let me just first say thank you so much for the invitation.
I really appreciate the time that you set aside for us.
Last time we spoke, as we discussed, Partijo is working towards getting our name more well-known.
And so really appreciate the opportunity.
Yeah, we're super happy to have you.
I mean, we talked to a lot of different blockchains and you guys have something pretty unique and really excited to kind of dive in a little bit more and share that with our community.
So thank you.
Fantastic.
Looking forward.
So we'll wait a few more minutes here, let some more people come on in.
But in the meantime, what are some fun things that you're doing in Denmark while you're there?
Well, I was actually hoping that there would be some aurora visibility.
But right now, it's during the wintertime, so I am experiencing a weather system where you are mostly dark for most of the day and you have about four to five hours of daylight, which is very new to me.
And so, you know, you get up and it's dark and then you go into the office and you work and then you get out and it's dark also.
So other than that, it's been really nice that the team's been extremely welcoming and it speaks a lot to, you know, our culture, which is what we're trying to extend out back to our community.
And we want to build a community in the same type of a culture that we have here in the office.
So nothing super fun, I would say, aside from just integrating into the team completely.
And are you in Copenhagen?
No, we're in a town called Aarhus, which is about a three-hour train ride from Copenhagen.
Okay.
Very nice.
Well, yeah, it sounds like a pretty cool company to work for.
Yeah, it really is.
So that's good.
All right.
So let's see.
I guess we got Brian up here as well on our team and Kirill is hosting.
And hi, Brian.
Yes, sir.
How are you doing?
Good morning.
Good morning.
All is good.
How do you say good morning and good evening?
How do you say good morning in Copenhagen?
Oh, good Lord.
Yeah, I have no idea.
All of them speak English here.
So I have no concerns in communication.
I say good morning.
I say good morning and everybody speaks good morning back to me.
It's good to know.
Next time I'm in Copenhagen.
English is the reserve currency of the world.
Nice.
All righty, Bruce.
Well, let's hop right in.
Yeah.
If you want to give us kind of just a super high level of what you do at Partisia and kind
of what Partisia is for those who might not be familiar.
So Partisia really is a melding of a technology that was created 50 years ago with a new technology
that is revolutionizing the world right now, which is blockchain.
And we've melded these two technologies together to try and solve a problem that has been around
since the beginning of humanity, which is establishing trust.
So in a very high level nutshell, that is what Partisia blockchain is, a melding of a very old technology
with a new technology to solve the problem of trust.
So how is that for a beginning?
That sounds pretty awesome.
What is the old technology?
So we're back in the 1970s, and some of the audience may recognize the name.
Merkel Damgard, right?
Merkel.
So, Ralph Merkel is one of the famous cryptographers, as well as Ivan Damgard.
And 50 years ago, they both co-created a technology called multi-party computation.
And multi-party computation is something that is part of a zero-knowledge suite of technologies.
And if I say zero-knowledge, I think some of the audience would know,
because they've heard that term used in the blockchain industry, you know, fairly recently, right?
You've heard of zero-knowledge roll-ups.
You might have heard of zero-knowledge proof that some of the other blockchains are doing.
So, and 50 years ago, there was something that was created that's part of the zero-knowledge family
called zero-knowledge computation or multi-party computation.
And so that's the technology that was cultivated back then or that was invented back then.
And one of the co-creators, Ivan Damgard, continued on refining the technology
and founded a couple of different companies based on this technology.
And ultimately, in the end, in 2008, founded Partesia.
And so Partesia actually has been around prior to even the blockchain industry being created
before even Bitcoin was proposed.
And so Partesia has been working on this technology for many, many years.
And I've perfected this technology.
And back in 2018, what we basically said was,
hey, there's this thing called the blockchain.
What if we put this technology that we've created on top of a blockchain
and make this technology available publicly to the rest of the world?
And so that's how the old technology has merged with the new technology
to create a blockchain that solves the age-old problem of trust.
And I'll go into a little bit more about what really MPC is, right?
And also the uniqueness of our blockchain
and how they kind of knelt together to solve that problem.
Please do.
Yeah, please do.
Yeah.
Okay.
So MPC.
So let's talk about that problem of trust, right?
What is trust?
And how that applies in the blockchain industry, right?
And when we talk about trust,
you certainly can't be anonymous in order for me to establish trust with somebody, right?
We'll take, you know, dating as an example.
You know, if I'm anonymous to somebody
and if I'm on a dating app as an example
and I'm not showing my picture,
you know, no one's going to swipe right for me, right?
And if I don't put any kind of a profile information on it,
no one's really going to show any interest
because you can't establish trust.
So anonymity does not help in establishing any sort of trust.
And we have these types of anonymous tokens that are out there
that basically anonymize who you are,
but that really doesn't solve the ability for two people to establish trust.
So now we have the other aspect of the opposite of an anonymity,
which is complete transparency,
and which is what in many ways the blockchain is based on.
In a blockchain, you're basically able to see every single transaction
since the history of its genesis, right?
Since its genesis block,
you're able to see every single transaction in that block, right?
And it has complete transparency.
But how does transparency relate when it comes to trust?
And so let's take that dating as an example,
relationship building, right?
If I read every single aspect of a person
that I was interested in dating,
and I read their history,
every single thing that they did in their life,
saw every single type of picture that was available to me,
maybe I won't give that person a chance
because I may have read certain things that scares me.
In the same way,
would I be comfortable
in sharing all of my personal information
and put that up so that everybody can see,
that everyone can see,
and make my life history be available?
Would I feel comfortable in doing that?
Of course not, right?
And so in the same way,
being completely transparent
also does not help in establishing
trust between two entities,
whether it's in a dating scenario
or whether it's on a business-to-business
or business-to-consumer
or even from non-profits to other non-profits
or non-profits to business
or even from government-to-government,
you have to have a level of privacy built in.
And this is where you have a challenge
with the blockchain.
The blockchain has every single information
that has been transacted since Genesis, right?
So how do you solve for that?
How do you solve for the problem
with privacy in a blockchain space?
And there's a lot of couple of different organizations
that are delving into privacy.
And you hear a lot of these terms
like zero knowledge, right?
Zero knowledge.
There's a lot of different protocols
that are out there
that is promoting privacy
using zero knowledge proof.
And so what Partisia does
is that we take that ability
that we've harnessed since 2008.
We've built the ability for us
to provide a privacy using MPC
and have actual real-world application
that we've actually implemented
in multiple different organizations
and companies,
and even governments
have used our technology
to provide privacy.
And then we put that on top of the blockchain
to create a solution,
a blockchain solution
that is able to provide both
a level of transparency
with a privacy layer built on top.
Wow.
Okay.
That was a lot of information,
but very, very...
That was phenomenal.
Yeah.
Very, very well said.
Yeah.
Very, very cool.
So where would you say
that Partisia is on the entire roadmap?
You know,
what stage would you say you are?
Are you looking to grow rapidly now
and onboard a bunch of devs?
Are you guys still building?
Yeah.
Where would you say you are?
So I think our company
is very unique in a sense
where you're not really going to see
a lot of blockchain organizations
that are in our same state.
So when you take a look
at different blockchains
that are out there,
you'll see that they were created
on top of what other blockchains
are doing.
So as an example,
hey, we have a much faster transaction
than this other blockchain.
Or, hey, we have, you know,
our development platform
has better tools.
Or, hey, we have, you know,
easier language for developers
to onboard, right?
That's basically a lot
of the different selling points
that other chains currently have.
Our start was very different, right?
We were actually started back in 2008
and we were working on
the MPC technology
for so many years.
And what we basically said was,
hey, listen,
we already have this technology.
We have a team
that has been building on this.
We have an established development team
that has built this technology
and has rolled it out
to different companies
and even governments.
And so we have
an established team
and what we're now focused on
is we launched our main net
back in last year,
May of last year.
And so what our main focus
right now is,
hey, listen,
we have the technology.
We have the expertise.
What we want to do
is to focus on ecosystem growth.
And so that's going to be
our focus for this year.
We'll be focused on
a lot of layer one integration
as well as DeFi
and NFT gaming.
So that's our main focus.
With that said,
yeah, with that said,
I think it'll be a good idea
if I can explain
a little bit more
about
parties' value proposition.
And so
we talked a little bit
about MPC,
but I'm not 100% sure
if I helped explain
what MPC really is.
Yeah, go for it.
Love to hear it.
Yeah.
So multi-party computation
on MPC is,
like I said,
a subset of zero-knowledge proof.
And people on this call
may have heard
about zero-knowledge before
and you heard things
like zero-knowledge roll-up,
which utilizes
a certain level
of zero-knowledge technology
to basically use
that as a scaling tool
to roll up transactions
into the blockchain.
Right?
And then you have protocols
that are using
what's called
zero-knowledge computation.
And zero-knowledge,
I'm sorry,
zero-knowledge proof.
And zero-knowledge proof
is a way for
a prover
to prove
to the verifier
that they're telling
the truth
without revealing
their secret.
Right?
And so that's where
privacy comes in.
So as an example,
let's say,
you know,
we're on a call
and there is no video.
Right?
But I want to prove
to you,
I want to prove
to you that I'm wearing glasses.
How can I prove
to you that I'm wearing glasses
without
sending you a picture?
Right?
And that's what
zero-knowledge proof does.
So if you take a look
at other protocols
that are talking
about privacy
and talking about
zero-knowledge proof,
that's basically
at a nutshell
what it is.
I want to be able
to prove to you
that I,
what I'm telling you
is the truth
that my credit score
is, you know,
this amount
or that I have,
you know,
that I'm wearing glasses
or, you know,
from a KYC perspective
that I am
this particular person
without revealing
my personal information,
et cetera, et cetera.
And that's what
zero-knowledge proof is.
Right?
Now,
with zero-knowledge proof,
there is
certain limitations.
It's always
proven or verifier.
It's a two-party system.
Right?
So it's basically me
the verifier.
And the output
of that,
the answer to that,
is always a binary answer.
It's a zero or a one.
It's either a true or false,
yes or no.
Yes, I am wearing glasses
or no,
I'm not wearing glasses.
Simple enough.
Now,
the problem
that zero-knowledge
runs into
is the
ability for it
to scale.
So how do you
scale that
to multiple
different users?
Let's say you have
three people
in the system.
Let's say that you have
five people in the system
or ten people
in the system.
It really doesn't
scale well
because it's always
a two-party system,
just me
and a proven
or verifier.
And the answer
that you get back
is a yes or no question.
what zero-knowledge
computation
or multi-party
computation
does
is it takes that
and allows you
to compute
an answer
using multiple
different parties.
So as an example,
let's say that we're
going to be proving
everybody on this call
that
we're wearing
glasses or not.
Right?
And we can do that
with multi-party
computation.
We can prove
that yes,
we're wearing glasses
or no,
we're not wearing glasses
without sending you
a picture.
Right?
And the answer
can be complex.
It's not just about
yes or no.
It can be
the color
of the glass
rings.
It can be
the,
you know,
the thickness
of your glasses
or the brand
you know,
what type of a shape
it is.
The answer
can be very complex.
Again,
without needing
to show
any kind of proof.
Right?
Revealing your secret
proof,
your secret input.
This is how we call it.
So that's the,
that's what
multi-party computation
And that's why
it's really exciting
in the blockchain space
because now
you don't have
to be fully transparent.
You can hide
secret information,
private information
in the blockchain
and have it
not be revealable
and only reveal
the output
of the computation.
Right?
So that's
value proposition
number one
that
Artesia brings.
And any questions
with that one?
Questions?
Other than just
thank you for solving
that problem
because,
you know,
I can,
I can already picture this
you know,
the medical industry
just absolutely
disrupting,
you know,
big time
and making people
feel so much
more safe
and,
you know,
fewer and fewer
data breaches
that results
in people
having,
you know,
this very,
very sacred
information
and,
you know,
getting out.
And then
the number,
number two thing
I wanted to talk
to you about
was,
in theory,
this is your
other value
proposition too,
is the
bring your own
token narrative
for the gas.
Yes.
Yeah,
absolutely.
Yeah,
so going back
to multi-party
computation,
yeah,
the use cases
are so varied.
Medical industry,
supply chains,
you know,
the supply chain
may not want
to reveal
where their
sources are
but they want
to prove
that they
are sourcing
from the
proper places.
It could be
SDG results,
right,
a company
that wants
to prove
that they're
meeting their
SDG requirements
without revealing
the internal
secrets inside
the company,
right?
So there's
so many
varied,
variety of
different use
cases when it
comes to MPC.
But that's
one leg
of the
problem
that we're
trying to
solve.
The other
problem
that we're
trying to
solve is
that,
hey,
we have
this amazing
technology,
we want
it to be
usable by
everyone.
So how
do we do
that?
And so
what we
decided to
do was
to create
a concept
called
bring your
own coin.
And that's
a very unique
concept in the
blockchain space.
And the way
I like to
kind of explain
it is an
example,
right?
Right now,
every single
ecosystem is
contained
inside that
ecosystem.
And if
you want
to transact
as an
example in
the Cardano
ecosystem,
well, you
have to
use the
ADA token.
If you
want to
transact in
Solana, you
have to
use the
Sol token.
If you
want to
transact in
Harmony,
you have to
use one,
et cetera,
et cetera.
In order for
you to
transact in
that ecosystem,
you have to
use its
native token.
That's the
Gatsby.
what we
thought was
that, well,
that's really
not interoperable.
That really
doesn't open
ourselves up
to allow for
any ecosystem
to take
advantage of
our services.
So what we
created was
what's called
a bring-your-own-coin
service or a
bring-your-own-coin
technology.
It means that
when you
transact in
the Partizia
blockchain network,
you can
pay for
it using
ETH.
You can
pay for
it using
Polygon
USDC.
We'll be
onboarding
Bitcoin.
We'll be
onboarding
BNB.
We'll be
onboarding
other coins
into our
system.
And so
think about
this.
Let's say
that you're
in the
Cardano
ecosystem,
but you
say,
hey,
you know
what?
I want
to pay
for it
with ETH
because I
have a
lot of
ETH.
I want
to pay
for my
transaction.
Can you
do that
right now?
of course
not.
You're
in the
Solana
ecosystem.
Hey,
I'm in
Solana
ecosystem,
but I
want to
pay for
it using
Cardano,
tokens.
Impossible.
That's
exactly what
we did
in the
Partizia
network,
is that
we're
allowing
other
coins to
be used
as gas
fees
pay for
transactions
there.
What
does that
mean?
What's
implications
that?
That
means
if you
want to
build on
top of
Partizia
blockchain,
that's
great.
We'd love
to have
you.
We'd love
to have
you build
on top of
our chain
because we
provide
different types
of service
in regards
to scalability.
We have
a very
unique
security
model.
We have
a very
unique
charting
model,
which I'll
go over
with you
guys in
a bit.
That's
great.
You can
absolutely
build on
top of
chain.
That's
perfect.
But if
you've
already
built
out a
significant
large
ecosystem
Ethereum
as an
example,
but if
Ethereum
does not
have a
multi-party
computation
service,
hey,
that's
okay.
Just
write the
contract
in our
chain
and then
pay for
it using
Ethereum
and just
call us
as a
service.
Get the
computation
that you
need.
Provide
your
ecosystem
with
multi-party
computation
service to
provide
privacy and
you don't
need to
put your
entire
ecosystem
over into
chain.
That's
the beauty
bring your
coin and
that's
contribution
to making
blockchain
industry
interoperable.
Bruce,
I have a
couple
questions on
this.
It's a
really hot
topic on
cross-chain
contracts.
There's a
lot of
people trying
to tackle
this issue.
One of
the main
problems
that I
when
going
down
this
road
is the
amount
liquidity
that's
needed.
How do
you guys
deal,
let's say
if you're
working from
your chain
to Ethereum
or your
chain to
Solana or
wherever you're
connecting to,
how are you
managing the
pool of
liquidity without
being overbearingly
expensive to
transact on
these other
chains?
transaction fees
are very
static.
That's the
other aspect
Partesia.
If you
take a
look at
other
chains,
because they're
paying for
it in
their native
coin,
and if the
native
coin has
fluctuations in
value,
it creates
potential chaos
and liquidity.
What our
fees really
are,
are static
and they're
USD-based.
That's number
one.
All of our
transaction fees
are very
static,
easy to
compute on,
and easy
to transact
The other
aspect is
tokenomics.
Because our
fees are
not used
because MPC,
our token
name is
MPC.
Because MPC
is not
being used
as gas,
the main
purpose for
MPC is to
be able to
provide that
liquidity inside
the ecosystem
itself.
What our
node operators
are doing
is running
their nodes
and staking
their MPCs.
They're staking
their MPCs
into their
nodes to be
used as
collateral to
provide liquidity
between when
bridging
occurs.
What they
get paid
is not
in MPC
tokens,
but they
actually get
paid in
liquid tokens
like Ethereum.
Right now,
the main
purpose for
MPC token
is to
provide for
that liquidity
inside the
chain from
a bridging
perspective.
Very cool.
Do you guys
have a
public
pooling
system to
be able to
get this
token?
How does
that work?
Do you have
contracts on
all the
chains that
you integrate
with?
I'm not
sure if I
understand that
question.
Could you
repeat that
one more
time?
If you're
going from
Partisia to
Ethereum,
you're going
to need
that liquidity.
You're either
going to have
the liquidity
bridged over
to the
Partisia chain
or you're
going to
have some
sort of
DEX or
supply of
that liquidity
to run the
transactions on
the Ethereum
side.
I'm curious
on how you
It's a bridge.
It's a bridge.
And then
the MPC
to Ethereum
pool,
where is that
pool located?
Is that on the
Ethereum side
or is that on
the Partisia side?
It's on the
Partisia side.
I may be
incorrect.
I am not
a pure
developer,
so I don't
want to
misstate
anything,
but I believe
it is in the
Partisia side.
Is that public?
Can anybody
LP into those
pools or is
that kind of
like a private
pool?
Yeah,
I'll have to
get back to
you on that
one.
Okay,
cool.
Yeah,
I mean,
it's really
because what
I see as
an issue
or as a
challenge in
these types
of kind
of arrangements
and some
of these
types of
arrangements
are popping
up more
and more
and there's
two strategies.
One is
you kind
of pool
on the
side where
you're
going to
spend
the gas.
The other
one is
you kind
of pool
on your
main chain
and then
you have
obviously
you have
a bridge
to be able
to interact
and there's
pros and
cons with
each,
right?
So I'm
just kind
of like
trying to
dive in
into that
structure of
trying to
figure out
are you guys
going to be
like a liquidity
magnet or
you're like
saying,
well,
we don't
really care
as much
as being a
liquidity
magnet onto
the Partesia
side because
we're
integrating
these
contracts
on the
chains
that we're
executing
So there's
pros and
cons to
each and
I was
wondering
if you
guys had
an opinion
around that.
But we
can move
Yeah,
that's a
great question
and one
of the
things that
I do
want to
do is
to get
these
questions
back to
me so
that I
can help
answer
them.
So I
don't
know.
My email
address is
bruce.ahn
partesia
blockchain.com.
Please,
anybody who
feels they
have a
question that
is not
being answered
in this
chat,
please email
I'd be
happy to
continue our
dialogue there.
We are
going to
get all
the spam
now.
problem at
all.
That's
exactly what
I love
actually.
Okay,
cool.
Yeah,
so going
back to
interoperability
aspect of
that's what
bring your
own coin
really means
for us.
It is
our way
again,
be more
of a
partner
rather than
a competition.
So if you
take a look
at other
chains out
there,
there's always
this competition
between the
two.
Hey,
Ethereum is
better than
Solana or
Cosmos versus
whatever,
whatever,
whatever.
what we
want to
do is
partner with
these people,
with different
organizations,
whether it's
layer ones or
other layers.
We want to be in
partnership with
them.
We want to work
together with
them rather
than looking
at other
people as
competition,
right?
So that's
our philosophy
and that's
our interoperability
model.
You mentioned
the L1s,
the L1
integrations that
you guys are
hoping to do
in the coming
year.
What would you
say are the
top three that
you have yet to
do that you're
interested in?
Yeah,
that's a great
question.
So there are
integration that
we're working
already with
other companies
and I don't
think I'm at
liberty to
exactly say
who they are
at the moment.
And these,
again, please
do not read
too much into
This is just
my personal
integration that
I think will
be very useful
for our
system.
It's things
like VeChain
as an example.
VeChain is
a supply
chain L1.
And when
you think about
supply chain,
it's a great
example of
of how
that kind
of an
integration
could help
add additional
value to
the VeChain
ecosystem by
being able to
provide privacy
along through
the entire
supply chain
process.
So VeChain
would be a
very interesting
partnership.
The other
partnership that
I would love
to see is
things like
integrations with
Uniswap as
an example.
one great
use case for
Partesia,
which we've
already demonstrated
with our
partnership with
Toro,
is the
ability for us
to prevent
front-running.
And I think
some of the
folks here may
be aware of
what front-running
It's a problem
that exists
in Texas,
but it also
has existed
in traditional
markets as
well.
Traditional
OTC markets
have seen
front-running
issues as
well.
And so for
those who are
not fully
aware of what
front-running is,
it's the ability
for somebody to
look into the
chain,
Uniswap as an
example,
look into the
chain and
see a
transaction that
is happening
for a swap
for a
particular value
for an
asset,
right?
And so
they're able to
see that
transaction in
the chain,
and the bot
would basically
front-run you
and put a
different bid
ahead of you
by putting in
a higher gas
fee to
basically jump
on top of
your
transaction,
right?
And so now
what happens is
that you're able
to purchase
the asset
at a lower
price than
what the
bid that you're
trying to
front-run is
right?
And the
reason why
you can do
that is
because on
the chain,
again,
you can see
everything.
Everything is
visible.
You can see
the price,
you can see
how much
tokens or
asset that
they're trying
to purchase,
you can see
the gas amount
that's being
used,
et cetera,
et cetera,
et cetera.
And so you
can basically
use a bot
to read that
transaction and
get ahead of
that purchase
to basically
purchase it
cheaper.
And then what
you would do
is after
you purchase
it cheaper,
the main
transaction goes
through,
and then you
go behind and
you sell that
to make a
profit.
That's the
front-running
issue,
or a sandwich
attack,
they call it.
But what if
you could use
MPC to
hide the
bid value?
if you
can hide
the bid
value but
still allow
the auction
to go
through,
then you've
basically
prevented a
front-running
attack because
the person
that's reading
the chain
can see
some sort
of a
transaction
is happening
but is
unable to
see things
like the
price or
the address
or how
much they're
trying to
purchase,
et cetera,
et cetera.
And so
you've
effectively
prevented a
front-running
attack,
which is a
very serious
problem that's
been happening
in many of
the DEXs.
In fact,
we are
working on
demoing that
in ourselves
in the near
future.
So Uniswap
or a
large DEX
would be a
very interesting
partnership that
I would love to
see in the
future.
Yeah,
let's talk
about that
offline because
one of
Uniswap's
things this
year is to
scale horizontally
and they
got a new
slew of
products coming
along.
I can't
really talk
about publicly
but effectively
they want to
horizontally scale
across lots
of different
chains.
We were
reading a
research report
yesterday.
It was like
a billion
dollars last
year in
MEV was
taken from
transactions
communities.
So just
as a
number out
there,
it's pretty
crazy how
much MEV
is taxing
transactions
in the
network.
So good
job on
that.
Yeah,
it'll be
and the
benefit that
we're basically
going to
provide
back to
these people,
that's our
passion.
That's what we
want to see
and what we
want to
provide.
So yeah,
that's a
great number
to try to
tackle.
Absolutely.
Bruce,
I wanted
to ask a
question that
was submitted
by our
community here.
I know
that you
guys have
a little
bit of a
unique
ecosystem,
but someone
was wondering
what kind
of incentives
you guys
currently have
for dApps
that want
to build
in the
Partisia
ecosystem.
Yeah,
so I
think many
folks who
have been
following
Partisia
know that
we just
concluded
what we
kind of
called a
hackathon.
It really
wasn't a
hackathon,
so to speak,
but it
really was
more of a
grants program.
And so we
concluded that
in December
and we
announced five
different winners
as a result
of it.
But we
still have
other
participants
who are
looking to
build on
top of our
chain,
even though
they weren't
chosen as
the winners.
So you
can kind
of see
the strength
of the
technology
there.
People are
truly believing
in it,
and they're
continuing to
build on
top of our
chain,
even though
they weren't
announced as
winners.
So as a
part of
that
hackathon,
or again,
the grants
program,
what we
really focused
on was
not in
the code
that the
developers
are developing
and proposing,
but rather
we focused
on business
ideas.
We focused
on the
business ideas
and the
problem that
you're really
trying to
solve.
And so
we have
grants
programs,
but they're
really tailored
towards teams
that
understand
their,
understand the
number one,
the value
proposition of
Partizia,
Partizia
blockchain,
but also
to be able
to tackle
real-world
problems,
right?
And that
they have
a clear
understanding
of what
their business
model is,
and those
are the teams
that we're
kind of,
you know,
focusing on.
And so
if we get
a proposal
that says,
hey,
we want to
do DeFi,
you know,
and this
is our
proposal,
blah,
blah,
blah,
blah,
blah,
blah.
Yeah,
that's
probably
something
that we
would want
to go
for.
What we
would want
to go
for is,
hey,
here is
DeFi
project that
we want
to do,
here is
the unique
values
Partizia
that we
want to
use,
this is
the private
information
that we
want to
hide,
and the
benefits to
the people
that we
will be
able to
provide as
a result
of it,
and here
are our
partners that
we're working
with to
ensure that
our project
is not
really a
project,
but it's
actually a
business idea,
right?
And so
those are
really the
teams that
we're
focused on
helping.
And so
maybe after
this call,
what I can
do is I
can send
you a
link to
our grants
program,
I guess a
summary of
what we're
looking for
in the
grants
program.
I hope
that helped.
That would
be great.
That would
be awesome.
And is
there anything,
Bruce,
that we
didn't really
touch on that
you wish
we would
have?
Yeah, I
think there
was one of
the things
that I
was recently
thinking about
is a lot
of the
problems.
I've been
getting this
question quite
a bit,
actually,
in regards
to, hey,
listen,
there's a
lot of
turmoil in
the crypto
space.
What's
going on?
I don't
feel comfortable
in engaging
the crypto
space as
an example.
they're
skeptical.
And one
of the
reasons why
we hear
that a
lot is
because we
actually have
a lot of
enterprise
customers.
We have
a lot of
enterprise
teams that
have built
on top of
our chain.
So as
an example,
we recently
launched,
which is
one of
milestones,
recently
launched a
partnership
with
International
Community
of Red
Cross.
International
Community
of Red
Cross.
design that
we're
working with
them on
is how
can we
distribute
stable coins
conflict
regions
where you
may have
security
problems?
How can
Red Cross
safely and
privately
send relief
funds to
individuals in
conflict
regions?
We have
a partnership
with Cyber
Peace
Institute
where we're
tackling
problems of
companies that
are inflicted
with ransomware
and these
companies don't
want to
announce to
the public
saying that
we've just
been infected
with ransomware
and we're
going to be
in a position
where we may
lose a ton
of data.
They don't
want to
publicly
announce
that.
But they
also want
to be able
to collaborate
with other
companies that
may have
also been
infected
with ransomware.
And so how
do you provide
a system
where these
companies that
have been
infected
be able
to privately
connect with
other verified
companies that
also have been
infected without
making their
data publicly
available?
So we have
a lot of
institutional
or corporate
teams or
organizations that
are looking to
onboard into our
system.
And so these
corporate entities
they're always
asking, hey
listen, what
the heck is
going on?
the blockchain
industry just
seems like
it's extremely
skeptical.
And so one
of the things
that I basically
go back to
is a joke
that I think
has been
played out
in Twitter
quite often.
The statement,
hey, I'm in it
for the tech.
So when the
bear market
hits, people
say, yeah,
I'm here for
the tech.
Yeah, we're
all here for
the tech.
And I
thought about
that quite a
bit.
And I
realized
those people
who are
skeptic are
really looking
at the
blockchain as
a financial
system.
But the
blockchain is
so much
more than
that.
blockchain is
just basically
an immutable
ledger that's
distributed that
no one can
tamper with that
records transactions.
It doesn't have
to be trading
of assets.
The technology
itself is
revolutionary.
And I think
it's these
moments that
really will
help the
industry take
that next
step into
understanding
understanding
where the
true value
proposition
of a
distributed
ledger
technology
can take
And so
maybe that's
something that
I wanted to
mention here
because I've
been hearing
this comment
quite often
from people.
And I'm
sure people
in this
call perhaps
have heard
this from
their friends
and families.
like, oh
you've
invested in
this or
blockchain is
terrible, what
are you all
into, you
guys are
crazy, blah
blah blah
I would
highly recommend
showing them
some of the
partnerships that
we've made
that shows
how our
technology,
when I mean
ours, I mean
the entire
blockchain
industry's
technology is
currently really
truly solving
problems, real
world problems
around the
world.
And this
goes back
into that
collaboration
mentality that
I think we
all should
have.
I get very
frustrated
whenever I
hear people
in the
crypto space
saying, hey
we want
to turn
upside down
the existing
financial
industry, we're
going to tear
it all down
and we're
going to
create something
that's brand
new and
tear down
the corruption
blah blah
blah blah
and all
that stuff
and I get
really frustrated
because there's
so many
opportunities
that we
have to
be able to
solve existing
problems through
blockchain, through
this new
technology that's
amazing.
So rather
than us
trying to
tear down
existing
systems, why
don't we look
at the issues
that are
occurring in
the existing
systems and
telling them,
hey listen,
I think we
can solve
this for
you, I
think we
can help
you with
this, and
I think this
is the
opportunity now
during the
bear market
and when I
say, hey, I'm
here for the
technology, that's
exactly what it
is, we should
be here for the
technology because
that is what's
going to take
us to the
next step,
to the next
evolution of
what this
entire beautiful
industry is
all about.
very well
said, thank
you, Bruce.
anybody, Rebecca,
Brian, anybody
else have
something to
ask while we
still got
Bruce on here?
Yeah, so in
a recent
meeting that
we had with
a couple of
projects, they
said, I
always like to
ask this
question to
potential clients
and potential
people that we
work with, and
it's like, how
would you
describe alpha
growth and the
value proposition
you provide?
is like, and
they basically
came back and
said, hey, it's
a really, really
messy landscape,
this decentralized
world, all these
different chains,
all these things
that need to be
done, you guys
are trying to
bring clarity
and light into
really trying to
understand what
these chains,
these ecosystems
really want built.
I mean, because
there's this grand
proposition roadmaps
and here, we're
going to link with
this chain and
that chain and
everything else.
So, Bruce, the
killer question, the
clarity.
What?
Does Partesia
need help with
right now from
a project level
or an RFP
level?
Like, what is it
you guys need
for your next
step in your
roadmap that
you're looking
to get more
help on?
Oh, wow.
I think one
of our biggest
challenges and
one of our
biggest mistakes
that we have
made in the
past is
for people
to, is
that we
actually
underestimated
the fact
that MPC
is not
really well
known.
So, if you
kind of take
a look at
our organization,
like I said,
we've been
around since
2008.
We have
scientists,
PhD,
we have
professors
that are part
of the team
and they work
on this
technology
day in and
day out.
And so,
when we
said, hey,
we do
zero-knowledge
computation,
we thought
everybody knew
already what
the difference
between zero-knowledge
proof and
zero-knowledge
computation was.
And so, we
expected people
to say, oh,
okay, yeah,
MPC, zero-knowledge
computation, you
put that on a
blockchain, I know
what that does, I
know what this
means, and we
kind of thought
that that would
happen.
And what really
happened was
like, many
people were
like, zero-knowledge
what?
What is zero-knowledge?
I have no idea
what that is.
Or they
confused it with
zero-knowledge
proof and
said, oh, you
guys do zero-knowledge
proof, you
guys do this,
you guys do
that.
And it's
been a labor of
love, but it's
been a labor
to communicate
with various
different organizations
that show
interest in our
technology to
explain to
them, hey,
this is what
multi-party
computation really
This is how
we differ
from zero-knowledge
proof.
proof, or we
would have to
explain to
them first what
zero-knowledge
proof is, and
then re-explain to
them the
difference between
zero-knowledge
proof and
zero-knowledge
computation, or
MPC, and
how that can
help solve the
transparency issue
in blockchains.
So, if I had
to say, hey,
what can we
use help on?
I think it's
really spreading
the word about
what zero-knowledge
really is.
So, things like
this AMA that
you guys have
graciously provided
for us, this is
the kind of stuff
that we need to
do more often, and
this is where we
really can use the
help on.
So, I would
definitely love to
speak with you
guys a little bit
further after this
call on what
collaboration or
partnership we
have, and see if
we can explore that
together.
Cool.
Just kind of
throwing it out
there, what's the
main use case or
the number one
thing that zero
knowledge computation
solves?
I know we went
through a lot of
different examples,
but more specifically,
who would you like
to meet with?
If they leverage
zero-knowledge
computation, either
in the industry or
even outside of the
crypto industry,
who's the number
one go-to?
Yeah, so we
talked about the
crypto industry, so
we talked about
Uniswag, we
spoke about, yeah,
VeChain, supply
chain, et cetera,
et cetera.
Where, from
outside the
blockchain industry,
we are really
focused on
medical, medical
information, medical
records.
Very cool.
Right, how can
we, how can
we, how can
we allow for
different
organizations to
be able to
share medical
information for
whatever purpose,
maybe it's for
research, maybe it's
for pricing, maybe
it's for, you
know, for, you
know, any other
particular reason why
you would need to,
or you would want to
be able to share
medical records between
different organizations
while being able
to privatize
the record
holders' data,
right?
That would be a
great industry
for us where I
think we could add
a lot of value.
Love it.
That's rad.
Yeah, yeah, so
that's one.
And the other
industry I think we
would be able to
add a lot of
value is an
advertisement,
right?
So right now, if
you take a look at
companies like
Google,
or Facebook,
or even Twitter,
we're on Twitter
right now,
they monetize
on the habits
of users.
They monetize
by taking the
user data and
their activities
and basically
rolling that up
and selling it
to the advertisers.
That's their
bread and butter,
right?
And so here we
are, we're
browsing the web,
or we're on
Twitter, or we
are on Facebook,
or whatever,
whatever, and
we're creating
these metrics
of all of
these data
that we have
no control
over, that
the industry is
basically monetizing
and selling
that to the
advertisers.
What we could
do is to be
able to put
that control
back to the
users and
say, hey,
listen, we're
now going to
give you,
the user
control to
what data
that you
want to
give to
advertisers
and directly
because now
the advertisers
will be able
to go to
the MPC
cloud and
be able to
extract that
information
without the
need for
Google or
any other
major entities,
right?
And be able
to say, hey,
and the user
can say, hey,
this is the
data that I
want to
provide,
these are
data that I
don't want
to provide,
and if I
provide these
certain data,
then please
compensate me
for it,
right?
So now it
gives monetization
back to the
user rather
than to,
you know,
major corporations,
right?
So that's
another industry
that I think
is worthwhile
investigating.
A lot of
opportunities.
Yeah.
I'm good
on questions.
Joe,
anybody out
in the
audience
have any
questions?
I think
I'm good.
Really happy,
really happy to
speak with you.
Thank you so
much for sharing
all this.
Where's the
best place to
keep up with
Partizia?
Yeah, so we
have our
Telegram and
Discord channel,
but a lot of
these information
can be found
in our main
website,
www.partizia
blockchain.com.
And again,
please feel
free to email
me directly.
It's not a
problem.
My email
address is
bruce.ahn
partizia
blockchain.com.
Awesome.
Well, thank
you so much
for taking
part.
Thanks,
everybody,
for being
here.
And we'll
wrap it up
there.
Thank you,
guys.
Thank you so
much, Bruce.
Really appreciate
the opportunity.
Thank you,
Bruce, for
joining us
today.
It was an
incredible
conversation,
and you're
building a
great project.
I appreciate
Bye,
everybody.
Bye,
everybody.
Host
AlphaGrowth
from
Testproject
