This is Benjamin Davis. Here in Davos, at the World Economic Forum, I'm here with Matt Matt. Could you introduce yourself to our audience and let them know what you do yeah. My name is Matthew.
I'm with polo chain. We are an alternative to blockchain. We built a different infrastructure for running truly peer-to-peer applications with no mining, no cryptocurrency, it's, just a different pattern altogether.
So would you hope that next year in Davos, instead of blockchain everywhere, it says hollow chain it might be next year it may be the following: we've already got code in the market. We're, an open-source project.
We're, making ourselves as easy as possible to play with we actually don't even have a business model for holo chain itself, because we're trying to make it something that anybody can take make use of without Even having to interact with us, so it's, a way of running applications that requires only the devices of the users themselves right.
The my showing up as a user is also me showing up as a host, and so I'm. Paying my own way it's, a different pattern that we think people are gonna, find pretty darn useful yeah. So did did this idea come about because you saw problems with the blockchain that you wanted to fix, or was it just a complete idea that you had regardless of whether that happens? This is the latest project coming out of something called the meta currency project, and we've, been working on this Destin's before the Bitcoin white paper, so this is actually.
This is a simple piece relative, the rest of the work that we've been doing over the last decade, but we saw that the next layer that we needed to build in our own system was a distributed data integrity layer.
We had mapped out an architecture for that. We realized the rest. The world's, excited about blockchain, let's, stand! Let's, set that up as a standalone entity, its own little modular thing that we can use, but others can use as well, and that'll, start to kickstart, a much more vibrant ecosystem than us just playing by ourselves.
A little bit of how it works without going into too much detail, we take a little bit of the stuff that block chains use from tamper-resistant logs a little bit of the stuff that BitTorrent uses distributed hash tables and we end up using a solution that doesn't make use of consensus, so our goal was not anonymous currency.
It was facilitating new forms of social coordination that are actually anti fragile. So we were trying to enable communities to interact in ways that work for them and when it stops working for any of them, they're able to start playing by a slightly different pattern.
So we were trying to build a whole ecosystem that doesn't center around an application or a protocol, but centers around an agent and that agents ability to bridge between protocols. So this is sort of the step one in that ecosystem.
So could you maybe give a hypothetical use case sure so I mentioned we have an alpha release that came out in October. Along with it came something we call clutter clutter is a peer-to-peer alternative to Twitter.
The first version is just a proof of concept. It's, just something there for developers to be able to look at and go. Oh. This is how you build something like this, and that makes it so that your L frame this way there's, a lot of things that people in the blockchain world are really excited about building, but blockchains limitations in terms of scale.
Speed cost prevent them from actually being able to use truly distributed technology to do or solve their problems. So, whether it's, peer-to-peer uber, a peer-to-peer, Facebook, peer-to-peer or Airbnb great, you can actually build those systems and have them be functional and you can actually have the individual bridging between their Facebook and their Twitter.
They don't need to have an API that runs directly from one application to another because anything they can read out of one context. They can write into another and that enables you forms of automation that looked much more like a natural ecosystem and the bridging functions.
You know I've taken carbon dioxide and water. I'm grass and build glucose yeah. The bridging functions are transforming one thing into another that are actually a requirement of all regenerative systems.