Difuon presents at the F50 Synergy Blockchain Summit

Transcript:

A little bit about why I’m involved first of all about 20 years ago. I had a company go public and achieve an 35 billion dollar market cap so that was a fun time. This is the first time I’ve ever felt as excited about a company as I did back then .com era, so I’m excited to tell you about it we believe that the fog will disrupt the cloud and we’ve created to be centralized federated ephemeral and TV platform and marketplace that’s a mouthful. Let me explain it to you just a little bit first of all I’m going to go back we’re in Northern California. Let’s talk about 249 18-49 Gold Rush entrepreneurs have a decision where they going to mine for gold so pickaxes or create a marketplace connecting miners and sellers and pickaxes. Well, this has application to technology. Let’s take the girl thrush example and take a quick look at online video who’s the miner who is it YouTube right who’s selling Nick accessed on YouTube for online video who’s made a lot of money for the last 20 years really to have Akamai right so what about marketplaces we’ve done a lot of work of places we’ve got Amazon we’ve got eBay we’ve got ed see there’s other business models that come to fruition such as share an economy you can take suppliers and those demanding products consumers producers Sharon Comey has helped companies bring things to market at nearly a zero cost basis at exciting uber does not buy all those vehicles they can help to be silent and come and seen the build-up right air infrastructure were aiming to take down massive incumbents but if you are the shared commies created at least 17 billion dollar companies unicorns across a wide variety of categories let me explain what a few odds doing in context of these technologies and these business models first of all I’ll explain some computing layers we all know about the cloud and the cloud layer but a lot of people don’t understand or know much about the edge or what we call the fog computing layer we’ll talk about that in detail just a second but we also have another layer that Native creation later so we have all these devices and the tens of billions a little over somewhere between fifty and a hundred billion devices right now in the data creation layer and what they’re doing though is they’re sending all this data for compute up to the cloud and then the cloud sends it back down in the coming years we’re going to see trillions of devices connected when it passes a trillion it’s going to be too heavy the first role of data management is don’t move data that you don’t have to move it in this far is as an extreme tax so we have the fog the fog has higher capacity can be more agile has better security possibilities that are privacy a lot of advantages to doing this work in the fog instead of in the cloud if you look at this what we’re doing specifically if you want is this we are going to take from the date creation layer instead of having to move so far we are going to expand the fog with dedicated devices made possible because of ephemeral fog notes that can come from disposable computing and the advent of raspberry pie type devices we’re going to get these out we have deals to put these out into the market we’re excited about what’s going to happen and our software remotely manages this activity through consensus engagement and census Frederator and the remote management we were able to take the service community and go down to the function level for Nano and micro transactions and get the compute done in the fog this has huge implications now the revenue centers for us will be our escrow Federation of feed where we’re doing the job matching and taking a piece of the revenue from doing these jobs done we also have a fee for different classes of service if a job must actually get done and cannot fail in case there’s one of the devices not functioning or not turned on it can be redundantly sent to multiple devices for the computer versus we also have an application store feed when we create this marketplace with the applications available and we also have some margins that can be obtained for the co marketing of these devices that will create the ephemeral notes now disposal computing is important one of the important technologies that have converters remain if you impossible if you would not have been possible until recently you can see for about 40-50 dollars so you can obtain the compute power if you were to purchase them from AWS and it cost about $80 per month for a one-time charge of $40 if these devices last two years that’s $40 one time versus $80 a month there’s a lot of attraction to this model now we co market these devices and now we’ve got some deals where we’re looking at potentially getting out rapidly 50,000 nodes and growing there’s a lot of use cases you can see here not just general applications but we have web 3.0 web backends IOT is particularly attractive and lucrative and it’s not just regular IOT it’s also a IOT and desperate Internet of Things also I am geeky investment of tiny things but can even have mining happen on that first on these but foggers as we call them will find out it’s much more lucrative to be a fogger than this to be a miner if you want touches at least 9 major IT categories when you look at this chart I think well those are competitors but actually it’s a coopertition what we have here are many players who will need our services to expand their offerings and to conduct their compute we actually have deals we can do with most of these companies that’s exciting we estimate that our total addressable market is over 20 billion dollars now these business models new technologies combined our blockchain sharing economy marketplace disposal computing and serverless computing were super excited by the work involved in our technology portfolio was vast to people working on this for several years and we have some more work to do we see about six months until proof of concept and about 12 months to develop the working platform what I’d like to tell you about is our founding team it centers around Sam Smith our CTO and our inventor he’s a world-class expert in machine learning artificial intelligence and blockchain he is a distinguished career he’s the on the technical government’s port of sovereign working on identity these just transitioning from be consensus a spoke leader over reputation and he’s been working on this for quite a while this is exciting he’s also gotten experience in set it and forget it hardware that is remotely and automatically provisioned perfect background myself I’m about value creation and execution my history is a tech entrepreneur in business I’ve signed in over 4000 partnership contracts in my career we have also Tyler who is a tech entrepreneur can expert in the genetics software space he created death Mountain one of the greatest coding boot camps in the country that sold a couple of years ago to a billion dollar company our team has been there done it we’re a hacker a huckster and a hipster so our investment opportunity we have a dual token model we think that this is the best model and the only way to really run tokens we’ve spent months really looking at this we think we figured out a lot of things we have an early presale available significant discount to a pink value if you want to know come visit us we’d love to sit down for 45 minutes an hour tell you better value and how crazy the value of the token and last comment we have 70 K 710 is a looking for non-us investors that wouldn’t be connected to tech companies we’ve signed a deal with them for a three million dollar investment they’re in the back seven tech wave your hands back there yeah some of our bill we love our tokens they come through seven tech as well with that I’d like to go into QA take my times up and I’m gonna invite Sam Smith to come up with me because he is the inventor and he wanted to be up there with me Oh Sam answer that so you wouldn’t want to run Bitcoin on a Raspberry Pi because you just never making money but if you want to run look what applications is the fogger then then that’s a very lucrative thing there are some there are some other mining operations that you might make money on but that’s that’s like the least lucrative thing that you’d want to do as a new operator I batted it blocks the miners fine for you to be a bar in pain right so so the whole business model is is that if you have spare bad would spare electricity and spare space in your house and you want to get paid for you for that then you plug a box in these start getting in check if you put four four boxes in you get four checks up until you use up your spare bandwidth so we’re basically sharing economy selling your spare bandwidth the average u.s. household with brought in on a 24/7 basis so uses less than 5% of their bandwidth so you can you can now get get your band would pay for because now you can sell that bandwidth to people who want to run compute theta integration tasks on your partner think of yourself as a cloud provider now the cloud comes the fog everybody’s house that becomes a compute center that they could then use to to sell compute devices it has nothing to do with you know so so at the at the base layer for the it’s a dual token model is an ER C 20 contract but then for the actual Federation is a Byzantine agreements and distributed visit you cream algorithms we have to do a no transactions at very high transaction rates just want to comment and answer your question to the Sims on both sides as a producer you said and forget it and you have your hardware generated any comma C said also on the purchasing side it’s one quarter to one-tenth the cost of competing solutions right good question any other questions Sam John.

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