Interlinked Protocol Powers Token Engineering Global Gathering in Berlin
The Token Engineering Global Gathering Berlin hosted by Ocean Protocol brought together token enthusiasts from around the world
The Token engineering event, which took place in Berlin on October 25, was very successful as blockchain experts and enthusiasts came under a single roof in the first ever Interlinked sponsored event. The inspiring gathering of token enthusiasts from around the world was organised by Ocean Protocol Team at Chaussestrasse, Berlin.
Trent McConaghy, Founder and CTO, Ocean Protocol, kicked off the event with his opening remark on overview of the Token Engineering community. He said, “Blockchains have a superpower, they are incentive machines.”
The event held a panel discussion named ‘Current State of Cross-Chain Protocols,’ which was moderated by Dimitri De Jonghe — Head of Research, Ocean Protocol; Jack Platts — Web3 Foundation, Head of Communications; Phil Lucsok — Parity, Research & Communications; Zaki Manian — Trusted IoT Alliance, Executive Director. The panel’s remark was “Interoperability should allow chains based on specialised needs to be economically connected.”
Blockchain Expert Talks
The event also hosted several talks with speakers from different organisations such as Aparna Krishnan, Founder, Mechanism Labs highlighted that Proof of Work (PoW) wastes energy and that the current system needs a scalable “Sybil attack” control solution and PoW doesn’t guarantee perfection. She also pointed out that a more scalable civil model mechanism is a need; such as network, adversarial and economic for different protocols.
She also highlighted points such as the importance of meta-analysis; the meaning of a secure, scalable and decentralised blockchain; and what an ideal blockchain would look like? Further, she said, “Every protocol is unique, there is no objectively best protocol.”
Talk | ERC 725 Public On-Chain Identity
Fabian Vogelsteller, LUKSO, Founder and Developer of ERC 725 showed how it is gaining traction as a concept for on-chain identity. What is it, how does it work and why does it matter? He also explained the benefits of using public on-chain identity and encouraging critical thinking for developing standards.
Keynote | Token Engineering from an Economic Perspective
Shermin Voshmgir & Krzysztof Paruch, Cryptoeconomics Research Lab, Vienna University of Economics elaborated on the reason why they created the research lab based on the concept that “Cryptoeconomics will be the next economics.” Shermin Voshmgir said that the future is already here and that the current society can use blockchain’s power of incentive to facilitate human to machine and machine to machine economy.
An array of exciting Workshops
The Token Engineering event hosted several intuitive and engaging workshops at the Silicon Alle in Berlin. The workshops revolved around decentralised tech, tokenisation, and technologies driving the fourth industrial revolution.
Decentralized Business Models for the attention economy
Hosted by Achill Rudolph, Way, CEO the workshop pointed out the control large centralised organisations have over our data and on our lives and explained the decentralised solutions to solve it. An example of one such solution is the blogging platform steemit.com, which was the first decentralized attention network to take off in a big way.
Token Engineering from an Economic Perspective
Hosted by Shermin and Krzysztof, the workshop was based on analysing economic models derived from tokenised use cases and guest participation was called for. The main focus was on dynamic stochastic general equilibrium (DSGE) models. These DSGEs were treated as agent-based models that are crucial to the monetary policy of the world’s centralised banks. The agents employed in these models of a macroeconomic system have their own preferences and solve an optimisation problem in order to maximise lifetime utility.
Token Design for Adoption by Non-Crypto Users
Hosted by Elad Verbin, Lead Scientist and Founding Partner, Berlin Innovation Ventures. His workshop revolved around listing some challenges in the blockchain space such as its adoption by mainstream users. The workshop worked under the hypothesis that the first massively-adopted Dapp will:
- Not require the user to deposit any authorisation; and
- Provide unique value based on its tokenized nature.
Token Curated Registries (TCR)
Lead by Clement Bihorel, Lead Cryptoeconomics Researcher, Weeve and his colleague and Venture Architect at Weeve, Sidd Bhasin. The objective was to let participants work on uses cases for the economy of things (EoT). The participants worked on crash testing a TCR model in a real-world use case scenario.
The workshops were very insightful and equipped participants with ideas to take on the challenges of the current centralised systems. The guests at the event enjoyed the conversations revolving around the industry-leading ideas and technology. Ocean Protocol organised the event with grace and the synergy between them, Interlinked Protocol and the participants made it a huge success.
Interlinked Protocol is an open source protocol, which facilitates the development of decentralised digital twins and smart software agents. These will facilitate the interlinking of machines, humans and biological entities and will allow for a new model of machine-to-machine and machine-to-human economy. Our roadmap and white papers are in the final stages of development and more details about these will be released soon.
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