 What's up everyone? I'm Giovanni welcome to another coin telegraph AMA show today We are going to discuss about Platon network the next generation computing architecture focused on privacy. I Have the pleasure to be joined by James Q CTO at Platon. How are you doing today James? Yeah, very good. Thanks, Giovanni It's my pleasure to be here. Thanks for having me Awesome, so Before we start discussing about Platon and what this project is aiming to achieve I want to remind our audience to participate in this discussion by asking questions in the chat This is an interactive show. So don't be afraid to ask any question that you might have regarding platon write them in the chat and I will ask James about them and Also, don't forget to like the video and subscribe to our channel Alright, so let's get into it. So first of all, I want to discuss the generic features of Platon So the Platon network is largely focused on the concept of trustless computing Can you explain what trustless computing is and why it is so important? Yeah, okay, so platon is try to do this from 2018 it was set up in Singapore try to be a open-sourced global community and to support This trustless computing. So what's trustless computing? As we all know when we do business with with each other There is a bunch of costs So there are like a final opportunity the opportunity cost When dealing with others, we need to reach the agreement agree on the price that this is a recent consensus cost and also Afterwards during the settlement clearing, so everything got settled Money go transfer etc. And afterwards there is a there might be some error trace risk handling all of this are cost Especially for some regulated area, there will be regulation risk cost Technology of computing try to help people minimize the cost to lower the cost Very popular one called metalers right in this matter what one people like like us right like me I may have multiple digital IDs For example, I could have 1000 digital ID and I could do digital transaction business with thousands of people so in this case the digital world business trees has a Explanational growth and huge potentials and how to reduce the cost here how to enhance the trust for example minimize this This is a middleman called We all know this for example in the in the daily life For their extreme example for the banking service we're using right We pay a lot of extra cost We see there are people in the banking financial office has very extreme high salary has Brand new pretty expensive office and has this License etc. All of these are extra costs and there's a trustless technology. We are focusing on is trying to Trust the machine with algorithm in the middle and then to help you reduce the Trust cost in the middle to help your business move smooth and Make things happen smoothly and get the profit gets a benefit distributed How to say fairly So that's that's what we are focusing on and Now we see a lot of like a mega firms Like the famous one Facebook Lots of this right says mega firms Internet platforms The are breaching a lot of regulations got penalty and there are global regulations focusing on this I think in the Illinois in the US there is a law against this is data privacy very early and California has the consumer privacy protecting law and Europe has the GDPR etc etc and all of this Based on how we make this new type of business Trust with each other with the reasonable low cost and Now we have Bitcoin as the generation of blockchain Ethereum as the so-called second generation of blockchain and we platform as a third generation of Blockchain Preserving plus a very people cryptography algorithms Privacy EIs we want to build a brand new Infrastructure Okay, that's cool you touched on several important points here You have been talking about the need to bypass the middleman to minimize costs you have been talking about these conglomerates that's in the in the internet are Costing a lot in the sense that they they are these very expensive middlemen's you have been talking about also About the banking system which also has this very expensive middleman and the fact that you are trying to Bypass those elements in order to Make these old processes much much more smooth and much more much cheaper But as you said these old things are have been talked about for a long time our audience probably already Heard about these concepts about the fact about because they are because they are at the base of blockchain technology and they are the base of Bitcoin so my my my question is how is Platon different or how does Platon aim to improve on What's blockchain technology has already achieved? What are the main problems that the that Platon is trying to solve? The existing blockchain as we all observing is quite a kind of everything transparent is one so all the address and the transaction or etc It's all kind of transparent but our traditional business Especially for example if you take a look at the traditional financial industry We do not want everything to be so transparent Which will disclose our like position our profiling and and the leaking I'm consciously leaking the business secrets behind So the blockchain technology itself build up a very good trust infrastructure But on Platon from Platon's point of view we want to be Providing an infra for a much broader industry the very first one we want to can improve or Resolve is the Nowadays we see the huge amount of data be occupied or be collected Without we aware or we do not aware at all be collected by this mega firms and there are AI model cloud computing behind Generating and build our credit profiling or or digital credit, etc And then there was a pinpoint advertisements to us So we are kind of a walking data provider and then those mega firms leveraged those data collected and doing their business pretty successfully What we want to achieve first is to get those data asset be collected So we generate data, then we should benefit from the data. We use it. We provide it So the data value protection it also applied to Different types of data for example why blockchain is quite successful in financial industry is because financial data is the most simple formalized it straightforward Born natively as data, so it's quite easy to handle But the real was there are so many different kinds of data and the large circle is quite different from how to collect how to remove the noise how to reformat how to build our protocol how to Collaborate each other, etc, etc and data has the As we all know it's a new oil for this digital digital era It's value is tremendous and we enjoy it, right? But the data provider doesn't enjoy much So the protection from different level from collection From computation, it's very important only the data became a protected then the value The ownership and the usage etc can be realized it and then it could be Traded as a real kind of digital oil, right? So without provide privacy preserving Infrastructure as platform is trying to provide this data asset will not emerge secure and safely Because data is so easy to be leaked it to be copied be abused it's effort, etc. So we need to we want to protect this and want to build up brand new we call it a Sustainable new digital era privacy economy model so people can make a fair living with it So that's that's one the second one is Right now because data is easily to be copied leaked it so when the big mega firms collect data They want to share with with each other. So it's because the data silo isolated with each other and the AI Facing very serious difficulties to get the real good quality data and Cooperative with each other adding value Computed and get the real value result afterwards so with this Privacy preserving preserve protect the data as well protect the AI model as well Only with this in place the data computing we call it an interoperability So this could happen and then we will Approaching to platforms Much bigger Objective is like of course gen for generating new value We call it as a is AI brain, but it's a privacy AI network and in the now the new world called the privacy Artificial general AI Because all protected so people has the more willing to contribute data or more willing to to share the AI modeling And cooperate with each other to generate good one Of course at the end is a prevent abuse of data To see if guards a human digital rights. I will see so human rights as different angles In the digital world you have digital rights and we want to protect Mm-hmm. Okay. That's very interesting. I think that there is a lot of to unpack here so as far as I can understand your project is mainly focused on the preservation of privacy which on the blockchain and the blockchain technology itself has some Some problems related to that because the blockchain is very It's transparent as you said and in many situations This is not a feature that people necessarily Want so it's important to have flexibility there. I guess We got some questions from the audience already actually Let's let's get into it. So this is about your partnerships as far as I understand so They're asking hi. What is the role of a la alaya network? Does it share the same purpose of? Kuzama network. So for those who don't know These are these are partners of platon You can maybe share more information about it. Yeah, that's quite a straightforward So alaya is running with same technical core infrastructure as platon It means a view it as a mini platon The parameters are slightly different because alaya Play a role as a sandbox Where people could With low much lower cost practice this privacy preserving Empower DApps To build up or test their ecosystem DApps They have to reach the test out of there But the infrastructure exact the same which means on the SDK side on the Governance side, although the parameters are different as the stakeholders are different, but it's a really good place to start with That's why as I mentioned The blockchain is very successful. It's only focus on finance. It's because finance is the most Native digitalized very simple straightforward one. And so alaya will also First will also focus on financial related DApps first because it's much easier than the Than other type of data we want to protect we want to deliver value so It's kind of like Kusama Very close for from the from the relationship point of view. So it's a it's a correct is a good guess Awesome. Okay. I want to encourage our our viewers to ask more questions So if you have any any curiosity about Platon how it works How it plans to create the next generation computing architecture focused on privacy Just write down your question. I'm gonna ask it directly to James. Don't be shy guys so Let's let's move on to actually one of my questions You were you were mentioning the shortcomings of blockchain technology before and As far as I understand there is a big big problem in blockchain technology, which is the so-called Scalability three lemma. So We got scalability the centralization and safety. So these three elements as far as I understand Are very difficult to maximize simultaneously, so when you When you give one of those elements the priority the others Are cannot be as well curated So it's very difficult to maximize these three all these three elements at the same time and Platon is Finding a solution about that three lemma. Can you maybe expand on that solution? Yes, sure, I'll be very happy. So this this a trial of my is a theoretically proven is unbroken We can maximize we could opt What is on the broken Scalability Is that on this side A consensus algorithm called this car Name from the robot so it's it's be some practice practical presenting for tolerant and Tendermint and hot stuff. So we took good start on them and make the Implement the algorithm and Runtime verification The company from Illinois computer, you know, University the work that with us have the formal verification So it's a pipeline that Concurrent Byzantine fault tolerant which effectively Increase the TPS the Scalability on the blockchain as a fundamental There is a lot of technical details Preferred for the developers or the researchers to read our technical paper Quite interesting. There are some trade-offs But the safety liveness are guaranteed So that's on the blockchain side But after all blockchain as the immutable like a led up and it carry everything with it. So It's never Delete data remove it, etc. So the the privacy preserving methodology the algorithms Could really help on the for example storage like we know we all know now Z keys a ziki snarks ziki robots the technology is quite successful helping Ethereum Grow up to 2.0. It will I think it will very soon will upgrade to the London London version very soon. So like this kind of stuff we decouple the complicated problem to parts with packaging more transactions into one mathematically proven Block or transaction we packaging more stuffs in and much smaller Verifiable data on chain. So there will be off chain and on chain. We try to do a Lots of heavy stuff heavy computation heavy storage off chain using cryptography algorithm to compose to encrypt Packed them and then put as a very feeble result on chain So so these are kind of a scalability Verability and privacy three things will work together smoothly to get the capacity scalability Even including the TPSC set up to a much user friendly business friendly Level as we really want to have the real business happen and down on the platform ecosystem Okay, that's that's interesting and actually I want to I have a follow-up question because You mentioned that One of the key moments here as far as I understand is moving some of these computing tasks off chain So the reason why there is this scalability three lemma is that all? Is that too much activity happens on chain while one of the key solutions that you propose is moving the computing tasks Off chain and so you you were in this way you aim to ensure excellent scalability and decentralization Without impacting safety and privacy. Is that correct? Yeah Okay, cool, so That's that sounds a very fascinating solution We got some questions from the audience. Oh, sorry. You wanted to add Yeah, just to add something said actually the plant house vision is much bigger than that That's why I'm also focusing on the we call it privacy AI or the privacy AI bring or privacy AI network so we want to based on this Blockchain as a similar clearing Infrastructure with privacy protected data asset on top of it and then then there is a AI network on the top layer AI agent will be working and in between they can negotiate through your Protected data asset or your protected AI model can be found by others and then you could find out The good data with good AI model to compute the very good result You really want and then the blockchain will or use it as the Use smart contracts for automated settlement to make the profit distributed automatically fairly based on who contributed what there is is the data owner contributed data AI model contributed algorithm and somebody contributed super power computer Helped in you to compute all this stuff and blockchain does verify the result and get everything distributed So just want to add we we kind of step forward to another layer try to provide a Data marketplace or algorithm of marketplace or computer power marketplace on top of this blockchain Infrastructure That's fascinating and I think that our audience is also getting excited about it because we have more questions. So Tolga old Zeck is asking plot on plans to have storage service network There are some decentralized cloud and storage initiatives in the ecosystem like stack OS, how will it differ from any similar one? Yeah, thank you. Thanks for the question for stack OS I haven't got time to dig into too much details So for plot on the storage service network, we are more focusing on your data asset be protected and then be stored it securely and then to intercomputable on our Network to generate like a new value I want to emphasize one thing here when people talking about privacy. I will suggest it has to be or Ideally, it should be verifiable privacy computation So not only I told him Your data set be protected. It has it's better to be mathematically proven. So even I snap the Server logs or collected all the all the kind of communication on server side. I Could find nothing. So your rule kind of source data your Algorithm everything is really got protected and there are way to verify it So this is what I don't try to deliver Of course, it's a contradiction, right? So privacy preserving is a crypto algorithms will make things more complicated For now, if we are using cloud computing using what whatever mega firms AI platform I could very easily got the results User-friendly big data, whatever, but when we enter in this a privacy preserving AI network There will be more complexity on the computing more complexity on the network Communication So there will be a lot of different cases. We need to analyze one by one How what type of data we are handling and how big the data volume is and that's a whole data life circle What life circle looks like so on which stage we should Take what type of storage and what type of crypto Graphy this privacy protection Algorithm, so it's really kind of a case by case So that's why we want to build up the distributed There are AI modeling or computing power. There will be Diversity in platons network. So different people provided different methodology different Ways to handle It's not a very standardize only one So that's the thing we want to encourage. Of course, we will do some sample So this is a pretty for for ziki snark is pretty successful It's also kind of straightforward easy easy to use But if we talk about secure multi-party computation, it will be quite more complicated So I will Study this start OS off offline and get back to you and thanks for your question Yeah, thanks for asking so keep the questions coming guys I think that you can get very technical here because James Is aware of all the technical nuances of the project. So any questions is fair game We got actually we got actually another question regarding the actual use cases of Platon. So Can we use platon AI for modeling neurological disease or modeling drug interaction? modern your modern drug interaction Yeah, I think as I as I explained it the Yeah Platon is providing the infrastructure and and the industry expert from for example, this drug related from the neural or related they will provide the feasible and business meaningful AI model and we work together pick up the The suitable or perfect privacy preserving algorithms, etc. So so the answer in short is yes, but Also, I know it's not we do it purely by Platon. So what platon is doing is we break this into multiple layers at the bottom we have this ziki snark's MPC HEE and even including TE etc those Some privacy preserving algorithm we will build in on blockchain native. So the virtual machine like the vast machine will call this functions directly to speed up and there will be hardware Acceleration considering as well. We're doing lots of research on this side So this is the fundamental part and then on top of it. There will be a group of different Crypto algorithms libraries And the we call it a framework. There was a framework called a Rosetta in the privacy AI framework, which could change for example that if there is a Industry expert build up here the drug modeling and by using Rosetta it could easily Swap it or change it in a second to a privacy preserved AI model and then after that the the data the Computing algorithm is set as is this a business Intensive model will get protected and can't be put on to onto the market So so this what we are Heading to you may see the in the near future there are privacy Protective payments privacy protected decks etc. Etc. Those equal Dapps will will grow on Platon, but it's not platon doing it doing it by ourself if the community Do it and we call operating with each other. We support community to do this Does it doesn't make sense? Yeah, it makes sense. So basically Platon is providing the infrastructure and then the community is applying the infrastructure to specific use cases like the ones that Our get our guests our viewers are mentioning. So yeah, I would think that this is a good time to Get back a little bit to the basics. So we've been going a lot into details and technical Technologies, so I see a question that to give us the opportunity to Explain in generic terms what platon is about once one more time So what role does the platon play? What role does platon play when collecting and computating the privacy data? So I guess this gives you the opportunity to reformulate What platon is about the yeah, yeah, yeah, so so in general plot on has the Three three pillar So what is so my explanation will be more on from the technical side From from the from the for example ecosystem or or business point of view There are lots of how what platon is is the distributed privacy economy and distributed AI network etc etc so from Technical point of view So part of it three three pillar blockchain cryptography privacy AI so all these three combined with the Blockchain ecosystems had the technical. This is also technical as technical as fundamental and then we have an equal system Economic incentive model designed applied for the basic As well as the top-level AI AI related stuff. So with this incentive model designed it and then there is a kind of a governance scheme designed by the by the we do have the brilliant economic group designed it and leveraged by the on the ally side the community is practicing it as well so all of this kind of come up with this platform to grow up as the as the infrastructure as I repeat it as an infrastructure for data asset So you evaluation Then trading then finally each other then generate a new value Data set different types So I do believe that's my trust or I trust meaning plato will be the Good and testing environment to To kind of facilitate this data asset market we call data marketplace in the near future Thanks, so Now I actually have a question which is related more to the financial side of the issue But maybe you can also reply to this question. So What is the actual economic model platon is based on so if you if you can mention also this LAT token Which is the native token of platon what kind of role does this token play Into this old system Yeah, so as we all know this Public chain as I explained it in the very beginning the purpose is to building up trust and to Reduce the business cost, etc. So all of this we require the kind of a blood-like stuff automatically Running carrying over oxygen to to the body of the human So the LAT the utility token is as a in my personal view is as a Blood for human body So a make all the functions working smoothly Saving time saving cost all these things we can achieve by leveraging this utility token on the Econo economic model design. There was a obviously We have a platon pause So it's not the first generation like a proof of work. It's the platon proof of stake which means the valid we call it validator to those cornerstone for keep public chain running So those cornerstone as you like in the in the platon universe There are commercial banks, right? So if you image this validators are Kind of running as commercial banks. They will stake money With without the arm racing with each other and it became a Qualified validator and then Which which will make the validator scoop are smaller and also because they are staking do they have the responsibility? to make everything happen smoothly if Everything happens smoothly they will gain the benefits like the block the block reverse the transaction fee reverse And the staking like a deposit in the bank. You also got reverse, right? It's interest, right? So all of this they are getting the benefits from and the in the original design we also introduced the Randomness for picking up these validators So let me try to explain in the whole overall all validators will voice or I willing to be the Validators to produce block and get the profit so they will first of all they will stake and then they will call for Delegations so call the token holders to deposit your token Into my pool. I will give you interest or I will divide my my Interest my benefit. I will share with you. So with with this The all the validators will have a ranking how much stated stated how much Deposit the had the delegation they had so from the overall ranking we will pick up the first Alternative validator pool So let's assume. It's a it's a 500 validators the top five top 500 and then among this top 500 Random pickup algorithm called VRF. It will randomly pick up a You can imagine executive committee, right? It's a smaller group of validators pick it up based on the how much the Contribute how much they stated and then those small group will run this Block production and gender benefit and then redistributed or share with the Delegators who who delegate their token to the validators So so it's kind of a lower the cost of consensus with the small Smaller executive validators for every approach it will read reshuffle And the reshuffle based on VRF is random reshuffle So people will be difficult to predict who will be the next producer to make the network Less risk or more secure cannot be easily hijacked by by attackers by hackers, etc another one this The The decentralization will be kind of a safeguarded Because of this a VRF and the house of profit be distributed So it's not easy to to kind of group people Sinking a lot always on top rank and always producing Blocks and the occupy this network somehow so So there's a lot of like a detailed design there and and also the Yep, good. No, no, go ahead. Go ahead. Yeah, I mean the the overall overall kind of a pool of the money so there are there are kind of the private investors there There are a team that are foundation and and and there are kind of academic research phone for cryptography research for blockchain technology for AI research and the ecosystem community at the app phone and and some for purely for developers and validators Found so so it's a overall. It's a pretty well designed economic model to Support this nettle from different man go different stakeholder or could have found a Good role to play with Stay with Platon and meanwhile, it's difficult to kind of occupy or hijack it. It's a safeguarded to be Decentralized that can sustainably grow continuously for over time So, yeah, I just Awesome so for those who are watching if you want to know more In details about how the economic model of Platon and how these incentive system works I encourage everyone to check out the website play platon dot network And you can find all the more detailed information about it on the website also because we realize that these are very complicated the models and Of course and they may cannot Go too much in depth about all these technical details cause They are very complicated, but Let's see if we have another question from the audience so Yeah, we have a question. Can we say that platon is the daily life usage and alaya is the experiment lab of D-Fi? It's a kind of product as As I extended alaya to know the financial related data as the most simplified easy to handle Born as natively as data is that is that right? So it's easier to handle We want to test it out in our alaya But on Platon this daily life usage that's very huge and very broad for example, if we just Consider the the pharmacy Slight change or whatever right? I was kind of thinking Currently if we do have this pharmacy factory How to produce for example this is a COVID-19 vaccine, right? If we do have a very good privacy preserved platform, which if I got the vaccine shoot I will securely and happy to share What the result is with the true result share on this a privacy preserved a network and that one will feedback to to the vaccine producer and the enhance the vaccine Quickly I shorten the period and then we will really have a much better kind of a Live the daily life and things like this. I I really want to see Platon as a daily life usage will not only limited to D-Fi or finance related it should provide a real value to Make human better life or make institution Better business or using the privacy preserved technology The old traditional business reborn to a new one. We haven't image We could do things like that right now We found okay I could do it in a new way and there is a much bigger cake I could make more kind of profit not just competing with the actual competing the very smaller one That's also why I'm talking in the very beginning in this digital era or meta universe I have 10,000 or 1000 digital idea and did different different thing so people with people's business activity or Institution with the institution business activity has much diverse and more business activity over there and have to Protect it how to make it meaningfully on Platon for example, we also try to make the privacy preserving technology have option If is a really regulated business so how to make the regulator have an option to Do the oddity So in the on the public chain is all price it resulted Nobody can it just know this happened and has something certified it it did happen But who did what how much never knows right? But if it's a regulated business, we want to bring it onto the public chain then there should be an option could be a view only something and Get to verify you really did something right in the in the correct way then we could open the door to Traditional business So that's a huge market over there So I really want to see first step a liar second Platon to make this use case really happen with expertise from industry That's what I'm keep calling industry experts to join us give us advice We should work together. So we have a core team in working on crypto graph and supporting global Crypto Asia crypto your crypto. So we did a lot of research on that. We have a Crypto algorithm library with different algorithms optimize it ready for business, etc But the real case the real whole can have a usage Where could provide real value? It's from the community So that's why I'm really appreciate Could have expert join us Yeah, and actually you mentioned a very important topic that I would like to follow up on which is the regulation topic So We we are being listening we're being hearing a lot of news about regulation Increasing especially in the US on the cryptocurrency space and we have a question from the audience about it So with the current ongoing regulations surrounding multiple cryptocurrencies does platon have means to ensure that investors tokens are safe That's interesting. I think I think first of all platon is With the tea with the Core team background mainly from traditional financial industry So we take a regulation Etc. Very seriously. So we work with Singapore lawyer asking for advice step-by-step moving forward like we are we have a study team study the US Sec regulation details and Singapore regulation details including like Japan regulation details or globally we are we can deeply study all of this and Acting very carefully step-by-step for to how to say to raise this platon ecosystem I think to Ensure investor token safe from technology point of view I'm pretty confident in the past 10 years The platon Can for born from a serum. So it's fucked up from a serum quite early Later on we changed it the core part of consensus algorithms it as a prosthetic Scheme a new economy model design, etc. But the account The account type, etc. It's the same. It's kind of the same as a serum So technically is secure and also regarding protected Ascent digital asset. We have another in the product called case are based on secure multi-party computation image that if If we want to protect our data set private key is a real crucial key, right? If you lost a private key asset gone And protected and we used to have multi signature Which means multiple private key you need to sign the transaction But there will be they will introduce a loss of single-point failure So if one of the private key got lost then the asset will be lost So it's introducing more risk and the secure multi-party computation way of managing Private key is quite different. It's one single private key generated by MPC algorithm to pieces and then Two out of three. Let's assume so two pieces can calculate together and assign a valid transaction And the third one will then Will be code standby. So when you found there is one piece got lost somebody try to hack you or There is a time Defined time we need to reshuffle So when the hacker Finally found the backdoor Finally try to seal your piece and then you reshuffle with brand new pieces And then we can still continue our daily work our Sign the transaction, but with a brilliant like Quite a different way of protecting the digital asset So all of this is I think from technical So if one is from regulation, we are very careful carefully step by step talking with regulators Quite often based on the lawyers advice. Yeah, and then these are technically We have the ethereum dna is safe proven safe and we have a new way of of safeguard digital asset So that's my answer Awesome. That sounds pretty convincing. Um, I guess that we are actually Running out of time. So I would like to wrap things up. James. Do you have any more? Um remarks that you would like to make as a last remark to people to understand better what platon is Oh, I think it's really, uh, thanks very much to give me the chance to speak to global audience. So we really want to build up the open source global Distributed community And the community should involve the industry experts the cryptography and the smart developers And we do welcome people Join us globally and To build up this platon ecosystem together There are grants Grants apply and there are hacks on ongoing and there are lots of ways to To taking part in and then we enjoy the success all together so the the objective is quite complicated and and It sounds like very difficult to achieve, but we are stick with it for At least more than four years Even earlier, right? So we believe it and try to do our best together with everyone. So not I think this vision is quite amazing I really want to devote I'm also called for cooperation Let's do it together and make it successful protect as the digital fundamental human rights the data rights Together with us and Jane their benefits was a proper issue have not just i'm providing my My behavior data my whatever data for others to manage to compute It should be Kind of a revered it somehow So let's build it up. We need we need it. Thank you very much Yeah, and we are we are gonna follow very closely the developments of platon And yeah, thanks a lot for for being with us today Um, I would also like to thank our audience for participating in the discussion. Thanks for the questions. They were they were very interesting Um, as always, uh, don't forget to like the video and subscribe to our channel And uh, i'm Giovanni your host. See you next time