Blockchain and enterprise — The Hut34 Project spreads the word
Another busy week on the Hut34 Project. This post is a personal update from me, Peter Godbolt, on some of the latest developments in our team, and on our project. Opinions are mine only (but I’m pretty sure I’m right ;))
If you’ve kept up to date with The Hut34 Project, you’ll be aware that whilst we build our centralised data marketplace platform, and work on HutX — our proposal for extensions to the 0x protocol to include data request and response objects, we’ve also focused on ironing out two significant speed bumps to broader crypto adoption — namely making wallets easier for bots, applications, AI (and even people) to use, and also building a regulated, secure ‘OnRamp’ to bridge crypto value and fiat currency.
You can read more here about our Google powered Ethereum wallet and our AFSL licensed, and ASIC approved ‘OnRamp’. What both of these efforts have in common is an attempt to lower the friction and complexity involved in existing enterprise interacting with token economies.
Obviously we have a selfish motivation in this regard. When we speak to a data provider, and explain to them that we can help them unlock the value in their data sets by allowing them to be fairly monetised through Entropy token payments across the Ethereum blockchain, it’s often received very well, as you might expect.
We also know that we need to make it easy for their engineering teams to begin a pilot or larger scale integration as quickly as possible. This is the rationale behind our extension of our Google powered wallet, to include a basic API which abstracts all wallet management and token movement issues to a paradigm well understood by CTOs, CIOs, and CSOs.
I know these gatekeepers of enterprise adoption understand and want this approach, because I’ve spent quite a lot of time in the last couple of weeks speaking directly with them.
The CSO conference in Sydney is pitched at Chief Security Officers of large organisations to network, learn, and skill share. I was on the panel for a discussion of blockchain technology and how it might impact the security of a businesses networks and products. The level of interest in blockchain is high, and as a project we’ll be pursuing the connections made.
It feels likely to me that the WaaS, as we’re unashamedly calling the Wallet as a Service offering, will find placements in enterprise in the short to mid term, and that it will power tokenisation pilots and proofs of concept, as well as bringing large data sets onto the Hut34 Network. Exciting times.
If you are excited by participating in a world where you can own and monetise your own data and access the Hut34 open network of shared data information and knowledge; $ENTRP tokens can be purchased at a range of exchanges including XS2 Exchange , Radar Relay, Forkdelta, Easytrade.io and token.store.
