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GAINS Associates

Unification — Telegram QUIZ & AMA — May 16

On Saturday, May 16, we had the pleasure to welcome to our Telegram chat:

Neyma Jahan, CEO of Unification and
Paul Hodgson, CTO of Unification

We asked them questions about the development of Unification, ranked 881 on CoinMarketCap.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

Centralization is ending. With the Unification ecosystem, there are new ways and means for storing and transacting with data that is beyond any single or multiple points of failure.

Unification synergizes its Mainchain (public) with WRKChains (semi-private into a hybrid blockchain ecosystem to get the best of both public and private for their clients.

They received hundreds of inquiries from clients in the last two months, most of them in the non-crypto world! Unification already has clients in the real world. They have a business development army, bring on clients.

They want $FUND to be closer to $BTC than anything else, say an enterprise data version of BTC where it is truly distributed in the community.

Introduction

Q — Alexandre R from GAINS: Neyma and Paul, can you tell us what you did before crypto, how you got into crypto, and if you’ve had any other venture in crypto previous to being involved with Unification?

A — Neyma Jahan from Unification: For the last 10 years, our core team (CEO, CTO, and CPO) have been running a software development house from consumer/SAAS products to client service contracts for enterprises. When we decided to transition fully into blockchain — we came with the vision to become Noah’s ark of Enterprise data and transform the way it is transacted in the digital world as currency.

Unification’s Vision: To become the Noah’s Ark of Enterprise data

A — Paul Hodgson from Unification: Hi everyone, good to be here! I’ve had a budding interest in blockchain tech for a number of years, but before Unification, I worked on a number of cool projects, from large scale Data Warehouses to mobile app development platforms.

Q — Alexandre R from GAINS: So you save all the important data of enterprises for the new world?

A — Neyma Jahan from Unification: To expand a little bit- we look at niches and industries as species and if we can get a beachhead in each one- then they effectively act as franchises and breed into their industry our reach.

Q — Alexandre R from GAINS: Is the metaphor going far? Do you think we’re going to have a big and bad event soon that enterprises need to protect themselves from?

A — Neyma Jahan from Unification: I am not one to say this one way or another- but what I can say is that centralization is ending. It doesn’t make any sense in any way or logic when you look at it. With the Unification ecosystem, we give ways and means for storing and transacting with data that is beyond any single or multiple points of failure. Prepare for the worst, hope for the best!

Product

Q — Alexandre R from GAINS: Can you tell us what the project is about in a few simple sentences?

A — Neyma Jahan from Unification: We have an ecosystem with Mainchain (public network) and WRKChains (semi-private networks). We synergize them into a hybrid blockchain ecosystem to get the best of both public and private for our clients.

$FUND is the gas that powers this.

Q — Alexandre R from GAINS: Lots of companies will indeed want their data to remain private I’m assuming.

A — Neyma Jahan from Unification: Yes — and we can do according to their needs. Not everything on a public blockchain needs to be “public”. There are ways to encrypt things so the data is immutable and verified but still private.

Q — Alexandre R from GAINS: How many companies have shown interest in using your solution by the way?

A — Neyma Jahan from Unification: Hundreds of inquiries in the last two months as we approach mainnet — and it is interesting to note that not many of them are “crypto”. We have seen the biggest reach from real-world enterprises wanting to use blockchain technology. The “crypto” companies are just looking for the latest and greatest — DeFi, interoperability, etc., but when we are dealing with real revenue positive legacy businesses, they are here for what it can do for stability and security for their enterprise

Q — Alexandre R from GAINS: Is it only about more stability and security or is it also a cheaper way of storing and exchanging data than using centralized solutions?

A — Neyma Jahan from Unification: The WRKChain use case is not always the best solution — it works when you have what we like to call a “Mexican standoff”.

Unification works best in a “Mexican standoff”: when people sort of trust each other — but don’t really

A WRKChain makes data like currency so that entities can clearly control and get access to the data (and be paid for it if needed), and it is all secured on-chain.

Q — Alexandre R from GAINS: Do you have a concrete example of an enterprise already using it?

A — Neyma Jahan from Unification: I did a video yesterday on our health data wallet and a version of it we implemented for our clients in South America. They have a network of 300+ clinics that all need their patients’ data into a wallet.

sorry about the sound — it gets better after about 10 seconds

Q — Alexandre R from GAINS: You recently burned 88% of all the tokens! It’s a huge reduction in supply, maybe the biggest in the whole history of crypto by the way.

A — Neyma Jahan from Unification: Yes- we had long meetings about this, there are not many projects that are truly distributed. Most projects have huge “admin” supplies — but with great holdings— then admins have to drive the project and if the admins stop, the project stops.

The biggest burn percentage-wise in crypto history?

We want $FUND to be closer to $BTC than anything else, say an enterprise data version of BTC where it is truly distributed in the community- and the community takes ownership as much or more than us. $FUND is for everybody.

Q — Telegram user Jan Tot: Does Unification have anything to do with XRP?

A — Neyma Jahan from Unification: No we don’t technically have anything to do with ripple and XRP.

The similarities lie in some regards to philosophy. We come from a Silicon Valley mindset meaning we’re about going in, building a long term sustainable revenue positive company. Ripple on the other hand has effectively established itself as the main player within the fintech industry and they go and get a lot of their value by an extensive and aggressive enterprise development department.

They’re not sitting around waiting for crypto companies and moon boys to adopt. Literally they’re going out there and they have a business development army, bringing on clients. We have the same. We are following the oracle sales model.

Unification’s Business Development Army?

Our sales guys and our sales team is designed by a former Oracle vice president.

It means that we have a steady supply of new clients. Now, where we differ from Ripple and XRP is we don’t have an unlimited mint button which, as far as I understand, XRP does.

We have a finite supply as of today. It’s 120 million. Nine years from now it will be 210 million and that will be done and done. We feel this is very important because it creates truly decentralized market dynamics. There are also some other XRP connections that you may have heard of. Our CPO, Maziar, actually used to work with Brad Garlinghouse who’s the CEO of Ripple right now.

They were together, during their time at Yahoo. One of our Biz Dev guys used to work at Ripple before working with us so there’s definitely some synergy and some connections between them and also our market maker. No official connections, no unlimited minting but the same ethos in terms of enterprise.

Q — Twitter user @AngelSandhya11: What types of tools does Unification provide in the enterprise toolkit, and how difficult is it to implement a unified system for enterprises?

A — Paul Hodgson from Unification: Good question. We have a number of tools available right now, such as the WRKOracle, which is an app that automatically queries your WRKChain’s block headers and submits the hashes to Mainchain. We have WRKChain SDKs in the works, which will aid deployment. As for how difficult it is — well, we hope the tools will make the process of integration relatively simple, but WRKChains and BEACONs themselves can be simple or complex depending on the needs of the enterprise.

A — Neyma Jahan from Unification: Let me add that these links you can find developer resources and our website.

Q — Alexandre R from GAINS: Interesting, so there’s some logic included as well if needed, it’s not “just” storing data?

A — Paul Hodgson from Unification: That’s right — there’s no “standard” WRKChain, since every enterprise is different. But we aim to make WRKChain integration into our tools standardized.

Q — Telegram user Jerry: One of the biggest problems with dApps is the inactive and useless state. People only create dApps but it has no use case or contribution to the blockchain ecosystem. To prevent and solve this problem that can occur on the Unification platform, what will your team do?

A — Neyma Jahan from Unification: If you are going to create a product you ask yourself, what is your product, what actually are we building? We had to ask ourselves the hard question. Is our token our product or is our product our product. To answer that we looked at a lot of other endeavors, and the reality is with almost all, I’d say 99% of blockchain projects, their token is their product. Meaning, the reality of it is their purpose is to create value and make a token that is liquid and tradable for everybody, despite what they say. That’s great and all but we decided to go a different path. We started Unification because we’ve already been a successful business.

We wanted to create an ecosystem where we’re actually creating a usable functional blockchain, which is the backbone of enterprise data for the future to come. By doing this, it means that things go slower, Our purpose isn’t to create a token that everybody goes and buys and it goes up a 100x in value. That kind of stuff happens because you do good work and you create a good product. It happens naturally and we like the idea of that sort of thing happening naturally because we’ve created something useful and of value to the world, rather than just creating something that only does that and there’s no actual value created that makes sense.

Q — Telegram user Akash: What’s special & unique in WRKChain SDKs? How will WRKChain SDKs be the best option over cosmos or other SDKs?

A — Paul Hodgson from Unification: Good question. A WRKChain can theoretically be built on any blockchain technology, so could be geth, Hyperledger, cosmos/tendermint based. Our SDKs aid in rapid deployment and integration of the chosen underlying technology

Q — Telegram user Joxes: One of your iconic use case is competitive motorsports. As of today, has this been proven? Has it been successful?

A — Neyma Jahan from Unification: This is a great question regarding competitive motorsports. We have been quietly working on a project. I’m not quite sure we can announce the exact details on it. In competitive motorsports leagues, there are issues of cheating with regards to modifying electronics on the vehicles or changing the fuel mixture. It’s the equivalent of doping testing in sports like the Tour de France or the Olympics, but they effectively dope the cars or the motorcycles to get a competitive advantage.

Unification is bringing anti-cheating to motorsports.

What ends up happening in these leagues right now is before, after, and sometimes during the races, they actually go and do tests on the vehicle. They check the fuel mixture and verify that they are complying with certain specifics like the spark plugs are sent to the right settings and such.

A problem that’s happened in the past is that after this data goes into a centralized database, it ends up getting changed. For example, it’s recorded they were cheating but the administrator intercepts it and changes the data.

Through the project that we’re working on, we’re helping them create a secure device that not only reads the data securely, but then is transmitted securely to a blockchain where each team in the motorsport league hosts the node. Say there are thirteen teams, there’ll be thirteen nodes on the Wrkchain, as all the data is coming in simultaneously.

This means you can’t have a corrupt database administrator who will change things with this data coming into the thirteen teams all at once, so it’s a process of self-verification. This in itself is the ultimate use case for WrkChain.

This can be used in any other sort of competitive field. We hope for this to move on to the Olympics. The Tour de France is one of our members as we said earlier. It is very very exciting once you get into it.

Q — Telegram user Enajite: Can you explain about BEACONS. How does BEACONS work?

A — Neyma Jahan from Unification: Beacons are a toolkit that can be installed on traditional databases (AWS, Oracle, MySQL, etc,) that can hash the date and time stamp it to Mainchain for immutability. We consider BEACONS a great solution for entities who aren’t able/ready to commit to a full WRKChain but still need the immutability of blockchain.

Q — Telegram user John: What is the difference between MainChain and WRKChain? What is BEACON and how is it helpful for Unification?

A — Paul Hodgson from Unification: Mainchain is the backbone of the network, where WRKChains and BEACONs submit their hashes and timestamps for immutable storage. Where a WRKChain is based on blockchain/distributed ledger technology, BEACONs allow centralized database systems to hash any kind of data for submission to Mainchain.

Q — Telegram user Alice: Most people in crypto space are looking for decentralization, what aspects does Beacon improve in centralized databases that could help them really compete with this every day more decentralized market?

A — Paul Hodgson from Unification: Decentralization isn’t suitable for every enterprise, but with BEACONs, they can increase user trust in their data by hashing it and submitting those hashes (for example via a Merkle tree) to Mainchain. Their own users can then compare hashes to see that data hasn’t been tampered with for example.

Token

Q — Twitter user @ejioforkel: What’s the difference between $FUND and $UND? Kindly explains more about your swap process and the exchanges that will support the swap.

A — Neyma Jahan from Unification: When we started the project, we needed a test-coin to prove our thesis and begin development- so we minted $UND. We actually minted a billion UND — just picking a number in the air. We didn’t give too much attention to “supply metrics” because well, it was a test coin, so we distributed what we needed and finished our MAINNET which launched on May 14.

Now, the mainnet is a public decentralized network and requires a token to operate on it, one with thought out metrics and supply and distribution. For this, we minted $FUND. We minted 120m $FUND and swapped over 44M $UND that was already circulating in the wild among holders, so this gives it proper distribution. The swap was very straight forward — anybody who completed the burn before genesis block was included in it. Those that came after we are still swapping but it is manual and will take a few days.

Q — Twitter user @BClestiano: What are the token use cases and how would more enterprise partners benefit holders?

A — Neyma Jahan from Unification: That question again is one that we put lots of thought and research into — with the mandate to create a healthy self-supporting ecosystem. The way it works for WRKchains is they require $FUND to “stamp” their work onto Mainchain. Currently that is set to a fee of 1 $FUND per block they want to stamp.

Q — Alexandre R from GAINS: Got it. Where does the fee go?

A — Neyma Jahan from Unification: Now to get this $FUND they can market buy it or they can purchase locked $FUND from our enterprise division — since we have 0% inflation per year- the Enterprise can mint up to 10million $FUND a year for 9 years and sell it directly. That is a good start- but that will be exhausted quickly since 1 block happens every 5 seconds so 1 client will burn through quite a bit of $FUND in a year, so as more clients come into the ecosystem they have to be able to accumulate more $FUND beyond the 10m a year we can mint. This makes the entire staking and delegation aspect for our holders a healthy environment. It goes to the validators in the network (same as BTC miners).

Neyma and Paul, thanks a lot for coming in today! I like the new mainnet with a highly reduced supply, I think it’s great to start anew on strong token economic foundations. What I really liked is that you’re working not just on the crypto hype but on finding real clients, and you already have several.

I’m excited to hear more about what you do in the future, please keep us updated. Where can people go to follow you? — Alexandre R from GAINS

Thanks for having us, it’s been fun and there have been some fantastic questions! Developers can follow us, or join in via our github repos. — Paul Hodgson from Unification

We are engaging in aggressive bizdev right now. If you know real life SMEs who are looking for decentralization options, please have them get in touch with our enterprise division for details on how to join the Unification Enterprise Alliance.

Also, join our Telegram and see the path of WRKChain and how it leads us to the new world of Data. — Neyma Jahan from Unification

Join us now! Enjoy quality articles, daily curated news, insightful infographics, and enter a vibrant, fun and knowledgeable community!

If you want to email us: contact@gains-associates.com.

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