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Web 3.0, the next phase of The Web, is here...
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a shift from human centric mediation...
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to decentralised autonomous markets
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where major tech trends converge
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welcome to the first Web 3.0 venture platform
None of us actually owns a digital identity. We simply ‘rent’ identities from each of the websites or apps we use, resulting in an inefficient, fraud-riddled, privacy-invading mess. Additionally, each organization we interact with must store our personal information in massive databases. These ‘silos’ become gold mines to hackers and toxic liabilities for anyone obligated to store the data. A siloed approach to identity may have worked in the early days of the Internet, but with practically every business and billions of people now online, problems such as fraud are growing rapidly. The costs of these problems will soon balloon as billions more identities come online with the Internet of Things. Regulators try to police misbehavior by dishing out billions in fines each year, but they don’t address the root cause. Data breaches continue to occur almost daily, often because siloed identity creates massive troves of data attractive to hackers.
Solving the identity silo problem begins with a digital identity that you literally own, not just control — a “self-sovereign” identity. When combined with verifiable claims, it enables any person, organization, or thing to interact directly with any other person, organization or thing, with trust and privacy. If anyone other than you can “pull the plug” or change the rules for your identity, it isn’t self-sovereign, it is siloed – even if it uses ‘blockchain’ technology. True, globally scalable self-sovereign identity requires an open source, decentralized network which no single entity owns or controls. Until the advent of distributed ledger technology (DLT) this was impossible. Not any more. Sovrin, invented by Evernym, is the world’s only global public utility for trusted, self-sovereign identity. Like the Internet, it is not owned by anyone: everyone can use it and anyone can improve it.
- Any person, organization, or thing can actually own their digital identity – not just control it – independent from any silo.
- Any person, organization, or thing can instantly verify the authenticity of “claims,” including who (or what) something claims to be.
- Complete control of how, what and when information is shared, without added risk of correlation and without creating troves of breachable data.
As the Internet-of-Things keeps expanding, the need for interoperability and sharing of resources become a necessity. Billions of new devices are connected to the internet each year.
These devices like sensors, home appliances, connected cars and drones deliver economic value, but don’t have a way to engage in economic transactions. Device security is often insufficient, and privacy of information not guaranteed. A handful of large Web companies has control over the devices we use throughout the day and the infrastructure through which they communicate.
A decentralised approach is essential to enable the true sharing economy. Current blockchain technology offers part of the solution, however it doesn’t enable the required scale and frictionless micropayments for a flourishing machine-to-machine economy.
IOTA enables companies to explore new business-to-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network.
The unique IOTA Tangle architecture provides developers with a brand new set of tools for their applications in both IoT and Web. This nurtures brand new business opportunities for companies that prohibitive fees has kept in the realm of the impossible until now.
How can enterprise brands have a personal relationship with every single customer?
Enterprises are looking for online branding, training, and customer support channels that allow both profits and savings. Enterprises need to map, navigate and optimize the conversational landscape of millions of experts and learners.
Bots are replacing mobile apps as the next user interface platform. The bot market growth is exceeding app market growth and will leverage the 5bn+ user base of messaging apps.
However, nobody wants to talk with a robotic robot. This is the problem that Botanic is uniquely position to solve.
Botanic provides the tools to author, edit, and deploy multi-modal bots: namely mechanisms for personality, relationships and trust. Whether a chatbot, an assistant, or an avatar these conversational systems are highly social tools for knowledge exchange and dialogue markets. The team has decades' experience in VR and AI/NLP.
Botanic tools allow customers to deploy multi-modal, trusted AI personalities. These bots are unique in that they provide personality, relationships and trust. They deploy quickly and remember past user interactions.
‘[..] we don’t have the ability to develop and implement personality like Botanic!’, Senior Manager at Microsoft
40% of the UK population can’t access affordable credit whilst savers struggle to get good rates and flexible terms. Today’s centralised P2P lending platforms fail to fully address the problem because their narrow business models & risk profiling are still largely based on traditional methods.
New Fintech startups do little to address the fundamental problems of financial inclusion focusing rather on improving more superficial user experience.
Credit Unions accept more loans, and give better returns to savers and borrowers but they are siloed. We bring them into a common decentralised marketplace and allow anyone to create their own ‘credit union on a blockchain’ to self-serve savings & loans services with one another on both social & financial dimensions.
When collective buying is used by companies it has been shown to provide savings of between 9%-18%. But buying co-operatives are incredibly rare and their processes highly manual. Whilst the sourcing & procurement software market is a $3.5 billion market globally, no vendor offers a dedicated collective buying solution. Because of the limited solutions, only 15%-20% of the Fortune 1000, and less than 5% of SMEs, implement collaborative buying into their process.
We make it easy to both setup, join and run a decentralised and fully automated buying cooperative on a blockchain that plugs into a marketplace of buyers and sellers. We enable any group of people to self-organise and collectively purchase in a way that better serves both buyer and seller. Buycos, and their funds, once setup are governed by automated and incorruptible smart contracts.
The combined consumer and commercial drone market is expected to be $17Bn+ in 2020. Currently, the commercial market is less mature than the consumer market, but, it is expected to contribute most growth in the future. Construction and agriculture are expected to be the biggest drivers.
There are however four key obstacles preventing widespread deployment of drones for commercial purposes:
- Technology - battery life, safety systems, autonomous capability
- Infrastructure - drones need to be visible to air traffic control, legal changes needed to allow unmanned drones in civilian airspace.
- Restructuring logistics - convenient ‘drone ports’, converged transportation networks
- Regulation - governments need to allow the operation of drones autonomously and beyond “visual line of sight” (BVLOS)
uVue has combined world-class regulatory, gaming, machine learning and AI expertise to create a new network management system to enable the autonomous operation of commercial drones from ‘PODs’ (‘Points Of Deployment’, aka ‘hives’) located at regular intervals throughout the area to be serviced. The key characteristics of the uVue network are:
- To manage a distributed network of fully automated drones. These drones may be operated by uVue or its partners or any other (licence paying) 3rd party operator.
- To meet all the stringent requirements of all regulatory authorities (e.g. EASA, CAA and DFT). uVue is working closely with these bodies so as to ‘set the bar high’ for competition.
- To provide full visibility, accountability and real-time data on all the drones (and their users) on the network.
