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Identity-based blockchain: Accumulate's Innovative Approach to Identity, Performance and Security
In this enlightening 37th episode of Colors of Web3 and Entrepreneurship, Lam sits down with Paul Snow, CEO of IDD Labs and lead architect of Accumulate Network and Jay Smith, VP of Development of IDD Labs, to explore the innovation behind Accumulate Network.
Paul shares his journey from his days creating the rules engine for the state of Texas to venturing into blockchain, discussing the development of Accumulate Network - a revolutionary blockchain that separates security from user identity. He explains how this approach solves critical issues in blockchain technology, including identity management, upgradable security, and cross-chain interoperability.
The conversation also delves into fascinating topics such as quantum computing threats to blockchain, the potential of blockchain in supply chain management, and the future of tokenization. Jay and Paul's insights offer a unique perspective on the challenges and opportunities in the Web3 space.
⌛ Timestamps:
00:00:00 Episode trailer
00:00:39 Introduction about the show and Paul's background
00:06:06 The rules engine that Paul created for the welfare program for the state of Texas
00:15:40 The problem that Accumulate Network is trying to solve
00:22:15 Jay deep dives into Accumulate Network and explains what makes it special
00:29:30 Example of how the identity on Accumulate Network works for a specific person
00:34:40 Intended users of the Accumulate Network
00:38:10 How the design of Accumulate Network makes it scalable
00:45:25 Accumulate enables interoperability by default
00:51:30 The business models behind Accumulate
00:54:10 Challenges facing Accumulate Network
00:56:10 The different types of wallets available on Accumulate
01:02:00 Nodes and validators on Accumulate
01:03:10 Quantum computing and blockchain security
01:10:00 The 2 types of addresses on-chain and which type is vulnerable to quantum computing
01:20:10 Lazy-evaluation method in addressing problems
01:22:58 Applications of blockchain on supply chain and tokenization
01:30:00 Future of Accumulate and blockchain technology
01:33:02 Lumber-transportation problem in the supply chain and the potential cost of employing blockchain for tracing
01:42:08 Blockchain use case as proof of authenticity for media
01:47:20 The importance of data provenance and how some people can discern the AI-generated music from human-created music
01:53:35 Why Paul likes open source software
01:56:15 Corporations now realize the power of open source software and why we need blockchains
02:01:20 Paul's advice for aspiring Web3 entrepreneurs (with some US political flair)
02:11:05 Where to follow Accumulate Network
02:12:23 Closing thoughts and next episode preview
Follow Paul, Jay, and their company:
Accumulate Network website: https://accumulatenetwork.io/
Jay's LinkedIn: https://www.linkedin.com/in/jaysmithpmp/
Jay's Twitter/X: https://x.com/JaySmithNotes
Paul's LinkedIn: https://www.linkedin.com/in/paulsn/
Paul's Twitter/X: https://x.com/paulsnx2
My social media:
Twitter/X: https://www.twitter.com/LamWeb3
LinkedIn: https://www.linkedin.com/in/lamweb3/
Website: https://lamtrinh.xyz
My latest article: https://lamweb3.substack.com/p/the-importance-of-decentralized-science
If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!
#Blockchain #Web3 #AccumulateNetwork#BlockchainInnovation
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By Lam TrinhIn this enlightening 37th episode of Colors of Web3 and Entrepreneurship, Lam sits down with Paul Snow, CEO of IDD Labs and lead architect of Accumulate Network and Jay Smith, VP of Development of IDD Labs, to explore the innovation behind Accumulate Network.
Paul shares his journey from his days creating the rules engine for the state of Texas to venturing into blockchain, discussing the development of Accumulate Network - a revolutionary blockchain that separates security from user identity. He explains how this approach solves critical issues in blockchain technology, including identity management, upgradable security, and cross-chain interoperability.
The conversation also delves into fascinating topics such as quantum computing threats to blockchain, the potential of blockchain in supply chain management, and the future of tokenization. Jay and Paul's insights offer a unique perspective on the challenges and opportunities in the Web3 space.
⌛ Timestamps:
00:00:00 Episode trailer
00:00:39 Introduction about the show and Paul's background
00:06:06 The rules engine that Paul created for the welfare program for the state of Texas
00:15:40 The problem that Accumulate Network is trying to solve
00:22:15 Jay deep dives into Accumulate Network and explains what makes it special
00:29:30 Example of how the identity on Accumulate Network works for a specific person
00:34:40 Intended users of the Accumulate Network
00:38:10 How the design of Accumulate Network makes it scalable
00:45:25 Accumulate enables interoperability by default
00:51:30 The business models behind Accumulate
00:54:10 Challenges facing Accumulate Network
00:56:10 The different types of wallets available on Accumulate
01:02:00 Nodes and validators on Accumulate
01:03:10 Quantum computing and blockchain security
01:10:00 The 2 types of addresses on-chain and which type is vulnerable to quantum computing
01:20:10 Lazy-evaluation method in addressing problems
01:22:58 Applications of blockchain on supply chain and tokenization
01:30:00 Future of Accumulate and blockchain technology
01:33:02 Lumber-transportation problem in the supply chain and the potential cost of employing blockchain for tracing
01:42:08 Blockchain use case as proof of authenticity for media
01:47:20 The importance of data provenance and how some people can discern the AI-generated music from human-created music
01:53:35 Why Paul likes open source software
01:56:15 Corporations now realize the power of open source software and why we need blockchains
02:01:20 Paul's advice for aspiring Web3 entrepreneurs (with some US political flair)
02:11:05 Where to follow Accumulate Network
02:12:23 Closing thoughts and next episode preview
Follow Paul, Jay, and their company:
Accumulate Network website: https://accumulatenetwork.io/
Jay's LinkedIn: https://www.linkedin.com/in/jaysmithpmp/
Jay's Twitter/X: https://x.com/JaySmithNotes
Paul's LinkedIn: https://www.linkedin.com/in/paulsn/
Paul's Twitter/X: https://x.com/paulsnx2
My social media:
Twitter/X: https://www.twitter.com/LamWeb3
LinkedIn: https://www.linkedin.com/in/lamweb3/
Website: https://lamtrinh.xyz
My latest article: https://lamweb3.substack.com/p/the-importance-of-decentralized-science
If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!
#Blockchain #Web3 #AccumulateNetwork#BlockchainInnovation