Since the beginning of my journey within the Blockchain space, I have been pretty vocal in considering privacy and regulatory compliance among the most critical challenges to overcome for the widespread adoption of decentralized systems and DLTs in particular in everyone’s business and private life.

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Segregated Byzanting Agreement — AKA Proof Of Blind Bid — is Dusk’s novel consensus algorithm

Tech Bullion did an amazing job in extracting the essence and goals of Dusk during with their interview questions. Check it out at the link below.

If you are interested follow the Dusk Network official channels:

Stay tuned for more.

My presentation at Blockchain In Business meet-up in Amsterdam on December the 6th 2017. Thanks to GoDataDriven for hosting.

In Amsterdam, where Web3 Ventures has the headquarter of operations, many decentralized projects and DAOs found fertile ground to startup and, hopefully, thrive. The community is constantly buzzing and igniting many different initiatives centered around Blockchain.

Not surprisingly, these efforts seem to be mainly focus on everything but the underlined technology powering it all.

There are 35 meetups and events in Netherlands alone focusing on ICOs and Cryptocurrencies and only 8 facing other more technologically centered topics.

I find this rather unsurprising. There are so many branches of science involved in creating a successful decentralized proposition that it is somewhat difficult to present any innovation in this space without entangling the story with unnecessary and pedantic technicalities. After all, an application that draws from game theory, distributed parallelism, Byzantine Failures, cryptography and macro-economy would give even Feynman and his learning technique a run for his money. …

The cryptocurrency sphere has seen an unbelievable boost throughout the whole 2017 despite the hacking attempts, the obstructionism of government and the skepticism of the major financial institutions across the whole world.

The reason for this euphoria and worldwide adoption can largely be found in the affirmation of ICOs as an emerging financial instrument and the establishment of tokens as an innovative investment vehicle for blockchain-centred propositions.

However, the recent rise in number of the organizations recurring to the ICO to raise money (an average of roughly 20 per month, at the time of writing) and the recent decrease in performances for recent crowdfunding events, makes it very challenging for new propositions to cut through the noise and reach their funding goal. …

Where are we?

The most amazing discoveries and inventions of our time all came from asking questions. “Why does an apple fall from the tree?” let Newton discover gravity. “What is time?” a dilemma at the very basis of relativity theory. “Should we place our trusts in banks”? I am willing to bet that Satoshi came up with bitcoin to answer that very question.

Sometimes silly questions like the ones above have the power to challenge our perception of reality and open up a new world of opportunities and discoveries.

The idea for the UNL technology came to us folks at Web3 Ventures as an answer to the silliest of these questions: “Where are we?”. Considering my and my co-founder Fulvio Venturelli’s R&D past at TomTom, we were fully aware of the nuances implied by this question. Most probably, people will provide a multiplicity of conflicting answers. Very few people will answer in terms of latitude and longitude coordinates or even search a road sign. Some folks might answer with the name of the business, shop or point of interest closest to their location but most of them will lookup the address of their location on their mobile phone, maybe on Google, Apple, Bing or OSM maps. …

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Jason Teutsch and Vitalik Buterin just published a whitepaper that introduces a new protocol for ERC20 token crowd-sales. The outline serves as a working guideline for the implementation of Smart Contracts engineered to automate the sale’s process. The declared goal of the effort is to realize an:

“equilibrium of purchase amounts whose sum is satisfactory to all buyers”

After reading their proposed algorithm, my humble opinion is that their approach might even go as far as solving most of the issues plaguing the ICO procedures so far adopted.

The old days: Capped vs Uncapped?

The past token crowd-sales have been systematically unable to guarantee the following fundamental…

This article is derived from my presentation on ‘The future of digital payments’ at CityTech in Milan.

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Introducing Web3 Ventures at Citytech 2017 in Milan

We continuously perform payments throughout the day, at our favourite restaurant, to purchase fuel, to settle a bill. When we speak about payment, it is natural to think in terms of money expenditures. We think payments in terms of transfers of money that allow people to access a desired service or acquire the ownership of certain good.

Payment = transaction

However, what does Payment actually mean? Most surprisingly, Wikipedia explains payment as “trade of value from one party to another for goods, or services, or to fulfill a legal obligation”. This definition seems to ignore entirely the money part and instead concentrates on the concept of trading of value. If we dig deeper and explore further the exegesis of the noun value, we read that it is “a measure of the benefit that may be gained through goods or services”. …

My presentation at Follow The Entrepreneur summit in Malta

Before Ethereum, investors never truly got to invest directly in interesting and potentially disruptive technologies. Instead, capital has been traditionally coupled to company’s performance quantified in a system of shifting variables that range from

  • efficiency of execution
  • competence and composition of the team
  • leadership
  • capability for market penetration
  • ability to plan resources
  • sales strategy
  • business model
  • marketing
  • … (gazillion of other factors)

Technology and innovation has always been relegated to play a less key role compared to the investee’s growth capability measured in revenue or even through transversal considerations such as number of users, subscriptions, etc. …

As a long-time software engineer and entrepreneur, I have a tendency to appreciate consolidated technologies and adopt a very skeptical position toward buzzwords and over-engineered solutions. Sometimes I feel I am violently allergic to any topic complex enough to require more than one or two simple sentences to be explained. Also, from a technical perspective, I lack adventurousness and if you’ll look for me in any group of enlightened early adopters of whatsoever trend, you likely won’t find me.

So you cannot blame me if it took a dear friend of mine an entire year of contagious enthusiasm and tech evangelism to finally convince me to stop shrugging and give myself a chance to understand what this Ethereum platform was all about. …


Emanuele Francioni

Serial entrepreneur, investor, inventor. Most of all, developer. Interested in blockchain, fog computing, IoT and full stack development.

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