Illia Polosukhin

We would have been users if there was a network we could use to do micropayments that are fast, easy, accessible to everyone.

So that's kind of how we focused on blockchain in 2018.

And so the goal is, you know, build effectively a programmable decentralized system where all the rules are known.

you know, identity.

So, like, there's a global identity that you can use and you can rely on.

And it's, like, self-verifiable.

So, I mean, again, for those, for internet nerds, right, we're right now using, you know, DNS.

We're using, kind of, to resolve the, like, Riverside or whatever domain you're in to the website.

Now, that is actually a centralized system.

Like, there's a, you know, agency somewhere that decides, like,

how things are.

There's like few servers that actually like propagate information, et cetera.

There's domain registers.

There's like a lot of centralization on internet.

And so blockchain is actually self-verifiable where you can, you know, if this is identity, you can verify it as indeed exists.

And then it also has the, like, because it has kind of this uniqueness of,

So something that, again, with data on internet, you cannot guarantee that this exists in one copy.

You can kind of have this on blockchain where you know this thing belongs to this identity, right?

So you have self-refined identity, now you can attach

ownership.