At the risk of contradicting the Nobel laureate, I predict instead that it is the Internet, as we know it, that is living out its last days. There is part of the disconnect in not noticing it.
The Internet as it is built today is a formidable tool, it has made great progress, but it is becoming obsolete. Internet technology is over 30 years old. Whether it’s its environmental impact, the lack of protection of our personal data or Gafam’s monopoly situation, the current Internet is undoubtedly failing. This is why we decided, almost 5 years ago with different banking and cyber security players, to create the foundations of a new decentralized internet based on blockchain technology. The Archethic blockchain is the first step.
There are already hundreds of blockchains, what would make the Archethic blockchain unique?
Our blockchain emphasizes security. With the biometric identification we are working on, user data will be unfalsifiable and inviolable. Furthermore, in the age of centralized internet, if a server encounters a problem as is the case with OVH servers, you risk losing your data. In the age of decentralized Archethic blockchain, this is simply impossible. Our technology is also the greenest available. It is 42,000 times more efficient than any other blockchain. Finally, unlike other blockchains, Archethic has a universal reach and wants to be accessible to all so that citizens regain control of the technology: our blockchain does not require previous IT skills. You can make it yours instantly.
Your blockchain is the culmination of several years of research and the adoption of numerous patents. What were your ties to CNRS in this project?
We have worked closely with the CNRS and in particular with the ARCH consensus development researcher behind our blockchain. This ensures maximum security by fighting off external attacks.
In addition, our work is based on 12 internationally filed patents. 5 of them aim to work on replacing all passwords with tamper-proof biometric identification, another 5 have been the basis of the Archethic blockchain and the last 2 cover the migration of current applications (mailboxes, websites, marketplaces, etc. .) to our new Network.
What are the main use cases that can be developed on your blockchain?
Our blockchain represents a great opportunity to de-bureaucratize everyday life.
With smart contracts, our blockchain simplifies transactions. We are working, for example, on interbank KYC (Know Your Customer), which will allow banks to certify data with each other without you having to send the same information several times. Ditto for e-commerce platforms for which it will be easier for you to sell your goods and services.
You say you want to found a new universal Internet of trust, tell us.
Think about the number of passwords you need to remember for each website! We have decided to build a new offer, that of a decompartmented, interoperable internet, in a word: efficient. Starting from the blockchain, i.e. from decentralized and inviolable blocks, we ensure transparency
increase, guaranteed certifications, in short, the return of trust on the Internet.
It is for all these reasons that we have included the Universal Declaration of Human Rights in the genesis block of our blockchain to which we have added a 31st article dedicating the neutrality of the Internet and the fundamental freedoms of women and men in this space. This article corresponds to our philosophy and it was important for us to engrave it in the marble of our blockchain.
What are the next steps of this project?
From next January we will launch the bridge, an operation to connect our blockchain to the rest of the ecosystem. We also aim to raise funds to continue and accelerate the spread of the Archethic ecosystem and especially biometrics.
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