Jason Pereira talks to Ehsan Shariati, CEO and Co-Founder of Functionland. The company is the distributed storage platform that allows you to store data on the blockchain but utilizing your own dedicated hardware.
Episode Highlights
- 0.33: In Functionland we are creating a decentralized Google cloud. Basically, like the cloud providers that we are getting services from like storage, backups, computation power and running AI algorithms on their servers, says Ehsan.
- 1.00: Ehsan's company is decentralizing the hard infrastructure so that everyone become a provider to others and they all can basically provide services to each other
- 2.47: We have a can full of companies there that are providing most of the storage for the Internet at this point and all of the tools get built on cloud providers, says Jason.
- 6.37: Blockchain has given us the power of P2P transactions basically without any middleman and we used that power in the hard work, says Ehsan.
- 7.41: Ehsan says that they are utility token not a financial token and the token is there to support the utility of the ecosystem which is storage and computer and application providing.
- 8.12: If you have the hardware, you can get all the basic things for free because the tokens are there to pay for it by itself.
- 9.51: In our system there is no central key. You are the owner of your keys and no one else can access your files or decrypt except you, says Ehsan.
- 11.18: We connect your wallet, your wallet sends the request, encrypt the file with that signature and send it for backup, says Ehsan.
- 12.01: Ehsan explains if there is a fair approximation that the things you are providing are a beauty play for people who have tremendous amounts of storage need or people who also are developers.
- 15.00: The vision that we had was actually to create a platform that monetizes open source. We want to create a direct channel between the creators like app developers, content creators with the consumers, says Ehsan.
3 Key Points
- Ehsan decided to create plug and play hardware that any user could plug into the Internet, and it became a DAB server. It gives you the power to own your own data.
- Ehsan explains how secure it is to have mine data stored on someone else device that could be sitting on their desktop?
- Ehsan talks about the entire fragmentation of the data and how that works.
Tweetable Quotes
- "We are a partner of five coin, and we work together on the protocol set that we have. But the approach is different because five coin is more focused on B2B business." – Ehsan
- "We opened a per-order campaign for one month and the initial storage that we have when we go live by the end of the year is 2 petabytes and that would be start." - Ehsan
- "I have been at developer like for 15 years and the vision that we have that to monetize open source, that's something I know that it's very interesting for a lot of developers." - Ehsan
Resources Mentioned
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