Iagon x Panony AMA Recap
Check questions & answers from Iagon x Panony AMA with Navjit Dhaliwal, CEO at Iagon on Mar, 25th 2021.
💡 This article is reprinted here from Iagon corporate blog.
On March 25th, 2021, the Panony Community AMA was organized on telegram. Members of the group had a chance to ask Navjit Dhaliwal, CEO at Iagon, about project development, business development, and the next steps for product adoption.
We are always happy to tell you about everything we do, and therefore we invite you to familiarize yourself with a detailed overview of the discussion.
Question Session with the PANONY Community
👉 Could you please kindly introduce yourself and the project of Iagon briefly to our community?
💬 Navjit Dhaliwal:
Yeah, sure. First of all, I got into crypto and blockchain in general in 2013. My background is a healthcare professional. So I’m a dentist by profession, but in high school, I took a lot of programming classes, including C++. So that’s where my kind of interest in technology and innovative technology lies.
The first concept of Iagon began in 2013, using the security layer in blockchain for healthcare records: patient data, patient privacy, things like that. And that’s where the initial idea started. And that’s where we veered off in 2017 in a different direction.
Today, Iagon is the first shared storage economy that bridges decentralisation with regulation, enabling us to provide digital utilities to enterprise clients for Web 3.0. We are building on Cardano with the aim to be a multichain in the future.
We’re trying to create some real-world scenarios here where we can use this as a fundamental tool to protect data and adhere to compliance.
We have grants via Innovation Norway, which is government funded and closed a 3.6 million USD funding round in July 2021. That is very valuable for us and pushing to achieve our goals.
👉 Storage systems such as Amazon, Google Cloud, Microsoft, and IBM are growing. What is Iagon’s plan to prepare for the growth of a centralized enterprise, and how do you see the future of the blockchain storage economy ecosystem?
💬 Navjit Dhaliwal:
The Big Four — Amazon, Apple, Google, Microsoft — have positioned themselves as the middlemen for access to and exchange of customer data worldwide. But modern world expects a number of critical challenges with data that need to be solved:
✅ Privacy is not preserved
Users do not know who and how uses their data, including third parties
✅ Secure at Risk
Centralization brings security risks if the systems are breached
✅ Unused Capacities
Computing resources are becoming scarce, while a lot of potential is left unused
✅ Costs are rising
Costs spendings grow, while a lot of potential can be leveraged and fairly compensated
Iagon is ready to face the modern challenges of the market!💪
For more information and to see what else is going on with iagon, please follow us at the social media links, or head over to the IAGON Website!
