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Next-Gen Compute Platform for Trust and Privacy
September 2019
IoTeX is redefining the trust and privacy for humans, machines, businesses, and apps to power new economy.
Blockchain: The New Frontier for IoT Blockchain is the decentralized fabric to enable interoperability and shared infrastructure in the IoT • Internet of Things (IoT): billions of devices gathering data to optimize business processes and enhance our daily lives • Today’s IoT is Siloed: lack of technical means and incentives to share data has created “islands” of siloed IoT data • Barriers to entry: small IoT companies suffer from high operational costs and restricted access to infrastructure
Current IoT is Siloed
Future IoT will be Connected
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Trust & Privacy: A New Global Standard Blockchain and decentralization will re-define “trust” and “privacy” for both consumers and enterprises • “Trusted third parties”: data breaches, selling customer data, lack of privacy – not so trustworthy after all? • Transforming data ownership: choose to own your data and selectively share it, sell it, or keep it fully private •
Don’t Can’t be Evil: trust in cryptography and code instead of manipulation-prone human counterparties
Centralized Privacy
Decentralized Privacy
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DID
Blockchain
PCaaS
High-performance Blockchain
Support of lightweight clients
Security-oriented Root Chain, utilizing Roll-DPoS consensus for high scalability + instant finality
Cross-chain communication via Root Chain
“Renewables” Layer 2 Chain
“Transportation ” Layer 2 Chain
Orchestration of connected clients via smart contracts
Root Chain
Create your own Layer 2 Chain
”Consumer IoT” Layer 2 Chain
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Interoperable and application-specific Layer 2 Chains
“Blockchain-as-a-Service” for custom Layer 2 Chains
Blockchain-as-a-Service (BaaS) Build your own blockchain using IoTeX infrastructure Application Layer
Customization layers
Protocol Layer
User Interface
Blockchain Analytics
Trusted Data Marketplace
Private Computation
Trusted Data Feed
Contract Layer
infrastructure layers
Blockchain Explorer
Smart Contract
Consensus Layer
Roll-DPoS
Network Layer
P2P Network
Sidechain BaaS Customization • Architecture: choose design that is best suited for sidechain function (e.g., privacy, scalability) • Consensus: utilize RollDPoS or custom protocols (e.g., PoW) • Permissions: define access to sidechains based on use case
Data Layer
Transaction
Block
Account
Hardware Layer
CPU
Storage
Network
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o Permissioned: read/write access controls via PKI o Permission-less: open read/write access for all • Trusted Computing: add privacy to any sidechain by leveraging IoTeX secure
Team Founded in 2017 as an open source project, and led by co-founders Raullen Chai, Jing Sun, Qevan Guo; a global team of 30+ top tier engineers, research scientists and ecosystem builders. Founding partner of Sparkland Capital, focusing on Frontier Tech, lead 40+ investments and innovations in blockchain, security and IoT. Board director on numerous companies. Extensive experience in startup, investments and building up ecosystem.
Ph.D. and Research Scientist in Cryptography at UWaterloo. Head of Crypto R&D at Uber, Security Engineering Lead at Google. Founding member of Google Cloud (GCLB). 8+ years of experience in cryptography and blockchain, distributed system, and software-defined networking.
Raullen Chai
Jing Sun
Co-Founder
Co-Founder Ph.D. in Cryptography at UWaterloo. Sr. Research Engineer at Bosch Research. 14 years of research and industry experience in information security and crypto; 7 patents filings in information security technologies; published 40+ papers in toptier journals & conferences.
Ph.D. in Machine Learning and Computer Vision at National University of Singapore. Research Scientist and Engineering Manager at Facebook. Growth Hacker. Startup investor and advisor for numerous companies. 20+ publications / patents.
Qevan Guo Co-Founder
Xinxin Fan Head of Cryptography PRIVILEGED & CONFIDENTIAL
Advisors •
Prof. Guang Gong (UWaterloo)
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Minsuk Cho (Kakao Group)
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Jack Lee (Foxconn & HCM)
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Fan Zhang (Sequoia)
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Mukul Agarwal (Bootup)
Ucam – Privacy-Centric Consumer Product •
Ucam is the next-gen Home IP camera that is user-centric, feature-packed and fully private. It make people take full control of their private data for the first time. Nominated for CES innovation award 2020. – Video streams and clips are immediately encrypted “on the edge” and machine learning is applied on the encrypted video stream using our PCaaS – Ucam utilizes our blockchain and DID technology to authorize WHO can view WHAT content for HOW LONG. Authorization is enforced by tamper-proof smart contracts, meaning only user can define or change authorizations. – All content captured by Ucam is owned by the user - not IoTeX, not Cloud providers, not corporations!
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The underlying technology is being standardized by Industrial Internet Consortium (IIC)
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We are working with hardware and distribution partners to manufacture Ucam; Ucam will be available for sale to the public via Amazon on early December 2019.
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