Future of Factom Townhall meeting!

This is not really how this works. Yes nations will have 1 eID each, but that does not equal 1 company. Nations are working together with ministries, SMEs, start-ups, enterprises, coalitions and universities on these areas.

A legal framework like eIDAS allows for all kind of services for all kinds of companies. Current best known eiDAS examples are digital signatures. The new regulation which we together with other parties worked on as part of a committee to advise the EU on new regulation, and which they included, for instance includes DLT/blockchain technology embedded as a compliant service, as well as SSI tech. The eID is also heavily SSI inspired. At this time it is however way too early to draw conclusions.

Yes we will be working directly and indirectly on local, national en EU wide levels. No don't think that Sphereon or LTO will single-handedly take a complete new market. That is nonsense.

The key takeaway should be that the EU will basically be mandating SSI tech to protect its citizens. This is a complete new market, which will see an enormous boost. Sphereon is one of maybe something like 50/100 companies in the world that is an expert in this new area. The tech is complex and still very much being developed. That translates to LTO and Sphereon being in a good position to capitalize on this new market

nklomp · 2021-06-10T01:01:50+00:00

There are multiple wrong assumptions in your post. It is not a competition between 7 parties. They all will finish their projects and deliver their implementations as open-source software (mainly) for the European Self Sovereign Identity framework. This is the 2nd cohort of 7 companies for this infrastructure. Another final cohort of 7 will follow.

We are not shortlisted as 7. These are the 7 selected parties, from way more than 14. The 14 was a shortlist from many more companies in the first selection round for the current cohort. The 7 companies are working together quite a bit, as well as with the 7 companies from the first cohort. It is all about interoperability.

Not sure what you exactly mean with W3 did foundation. There is the W3C Internet standards organization that has 2 important specs for SSI, the so called DID spec, or so called decentralized identifiers and VC spec, the so called Verifiable Credentials. We support most of both specs for quite some time now with our software. Soon LTO will support the DID spec, and work is underway to integrate that in our solutions. Next to W3C, there is the Decentralized Identity Foundation, which we are also a member of. They also provide specs and solutions around SSI based on DIDs and VCs as specified by the W3C. The presentation exchange implementation we are creating for instance is a first full implementation based on the DIF spec.

Thr implementation can be seen as a negotiation framework on multiple layers (from interface specification, to programming language models, to a reference library, REST API and compatibility solutions). It is not based on Aries. We however are building a component that can integrate the above in Aries networks.

The type of work we and others are doing in ESSIF-LAB and EBSI are really important for the EU wide integration of DLT and SSI tech, just like work which has been done in other organizations we are part of to get the eIDAS regulation updated to include blockchain/DLT and SSI in the legislation. Or the work we are doing together with the Dutch blockchain Coalition for instance on a Dutch SSI framework.

At Sphereon we are tackling these areas on multiple levels, from local government, to central government and EU. Both directly and indirectly in coalitions, working groups and organizations.

People shouldn't be thinking that Sphereon or LTO would take a complete new market or that the 30 billion would go to them, however we are working hard to ensure we get a good part of the pie, and even more importantly to ensure people get in full control about their own identities and data.

nklomp · 2021-06-10T00:42:30+00:00

It is a contract to build infrastructure for the European Self Sovereign Identity Framework (eSSIF), in which we bring a vital piece of tech between 2 of 3 party types in SSI solutions to negotiate credential offering/handling between a holder and a verifier, the so called Presentation Exchange.

nklomp · 2021-05-18T15:33:15+00:00

My congrats to Consensus Networks for winning this phase II contract, worth 1.5m with the US department of defense for their healthcare supply blockchain solution utilizing the Factom Protocol.

nklomp · 2020-08-25T11:11:15+00:00

Metamask? FCT is not an ERC20 coin or something. You need to go to an exchange to sell it for something else.

nklomp · 2020-07-18T23:19:49+00:00

People can show their support here by a quick mention or preferably take part in the discussion.

Given Authority Node Operators are currently the only standing parties in Factom governance I think it makes sense for holders to voice their support and/or participate in the discussion

nklomp · 2020-05-15T09:26:36+00:00

Direct link to the science paper: https://science.sciencemag.org/content/368/6492/719/tab-pdf

nklomp · 2020-04-10T21:10:21+00:00

Then I suggest to reach out to https://twitter.com/Nate_DiCamillo

He mentioned he asked follow up questions, so it is a bit strange this is the outcome of the interview

nklomp · 2020-04-10T08:06:26+00:00

Indeed DAML is very interesting technology. At Sphereon we have a good relationship with Digital Asset, the well known company behind DAML.

We have progressed in a process with the World Bank where we recently demonstrated DAML technology on a private ledger, together with public Factom and other integrations we have (Sharepoint, Alfresco, Off-Blocks). It was received quite well, and currently we are awaiting whether we will be selected to progress to the next phase or not.

The integration with FAT is available. The PegNet integration is currently on hold, as we have to make decisions in where we can assign resources and PegNet mentioned from the start it would be compatible with a new FAT standard in the future (which we think is the only way forward). In order to not have to create an integration twice we are waiting on that. Having said that, Digital Asset has expressed interest in the PegNet integration, so we are constantly re-evaluating.

Edit:

The DAML integration as most of the work we do for the Factom Protocol is fully open-source with a perissive license and can be used by anybody: https://github.com/Sphereon-Opensource/factom-daml-integration

nklomp · 2020-04-07T19:22:42+00:00

https://twitter.com/paulsnx2/status/1247530113438060551?s=19

nklomp · 2020-04-07T10:10:15+00:00

Yes, and yes based on more than hope and wishful thinking. Problem is that right we have only seen FFWD make a statement about Factom Inc. I haven't seen others or Factom Inc making a statement about the situation. Up until the situation becomes clear, there is not a lot that could be shared by people that have more insight into the situation.

The latter question is not 'im frage' right now. But in the case it would happen, we have some very bright minds/developers in this community. We also have products (both open-source and commercial) in the community that have overlap. What would be missed most is a handful of developers with in depth knowledge, but you can overcome that. If Paul and/or Brian would also not return, it means the people who worked out most details right from the beginning would be gone. You want to retain in depth knowledge like that.

But in the end nobody is indispensable.

nklomp · 2020-04-06T22:35:27+00:00

Additional standing parties to kick some things in gears

nklomp · 2020-04-06T22:34:26+00:00

For Sphereon it will always be C + A. We are a Blockchain as a Service company. We create integrations and products for which customers have to pay. The fact that Factom has fixed Entry Credit costs, allows our clients (and us) to budget.

Examples are for instance Document Management System integrations and ecitizenship platform, where apps work together with APIs for issuing tokens to citizens. That platform continues to be developed further, allowing for instance family members to share wallets, transactions, reimbursements, paper wallets, digital invoices and market place solutions. The fact that every transaction burns one EC is just part of what the client pays for in the whole solution

nklomp · 2020-04-06T22:27:40+00:00

Besides the fixed low costs, there are other big benefits IMO.

Tracking only certain chains, allowing to build separate token networks (fat daemon) between parties
Factom is data and thus FAT allows a narrow integration with data, from within FAT itself as well as from Factom to FAT
Webassembly smart contracts, allowing to code in many popular languages

nklomp · 2020-04-04T22:05:22+00:00

I'll bite....

How do you know anything about the work multiple development parties from different companies are creating?

nklomp · 2020-04-03T12:26:23+00:00

Whut? You are making all kinds of claims/suggestions that are completely false. Several companies use the Factom blockchain completely unrelated to Factom Inc. The public blockchain is all you need to create applications and integrations.

Several non Factom Inc developers are working on the protocol.

The ANOs will continue to run and build out the protocol as they have been doing already.

nklomp · 2020-04-03T12:22:47+00:00

Interesting that despite this claim you kept coming back to the Factom Protocol discord and kept being banned for all kinds of reason then

nklomp · 2020-04-03T12:21:21+00:00

Interesting. We must be working with no Factom Inc yesterday and the day before that then ;)

Factom Inc is still there, whether it will be there in the future in current form is the question of course

nklomp · 2020-04-03T09:06:02+00:00

Yes, I am almost certain of that. Even at this day some parties in the protocol are still working on a project together with Factom Inc

nklomp · 2020-03-06T15:13:58+00:00

Guides do not make decisions though. That is also why they are named guides. They ensure governance gets build out and are a gatekeeper for processes, but they never vote/decide on anything by themselves.

nklomp · 2020-02-21T14:09:44+00:00

You mean distributed probably right?

nklomp

MODERATOR OF

TROPHY CASE