Hey yo, what’s the grind, with those who never miss an episode, who I’ve coined
the Chico Army. If you’re new, and looking to join a youtube crew. Take the 1st step,
subscribe & rank up from the title of viewer of the tube. My name’s Tyler, the host of
the crypto channel, and I hope my new kitty wayne can be as downright gnarly as taddy one
day…Kitty Wayne, one day you will be a champion. It’s time for Chico Crypto!
Well….Yesterday, we took a deeper dive into Ethereum scaling, as 2.0 drifts further & further
down the roadmap. But like I mentioned, Ethereum’s transition to 2.0 isn’t being accomplished all by
itself, but with the help of FRENs & those special friends are the ones I’m gonna try and focus on.
Today, it’s time to dive into data storage & availability on Ethereum
and which companies within this sector are ether’s best of Frens.
And we gotta start out with the data giant, who just earlier today,
had their public launch of the version 3, of their protocol. Who is that? It’s Ocean and protocol v3,
is dropping some bombs including data tokens, the Ocean market, and IDOs...initial data offerings.
They covered it all in their presentation, so I’m not going to do it again...today
we are going to uncover something more with Ocean, something that isn’t fully known.
Like big ole freaking partners & including a bank which will make
those others who say they have banking relationships, salivate.
So banks? And Ocean protocol? What are you talking about Tyler?? Well if you didn’t know,
Bruce Pon, he is the co-founder of Ocean, but another critical piece to this all, BigChainDB.
Going to his Linked’n we can confirm this, but he also has founded the IPDB,
the interplanetary database...then below that we can see, from 2008 to 2013, he did something
else...co founded the avantalion consulting group, who built banks, over 18 to be exact….
So the banker connection, right through Bruce...and I gotta thank @DonnieBigBags
on Twitter for some of this information, give him a follow, link in the description & by the way,
they will be a contributor to my upcoming crypto media website, stay tuned…
But Donnie, he tweeted this...Next week...BrucePon from OCEAN will be speaking on a panel alongside
Mastercard, IBM and Deutsche Telekom..oh ya, which going to the conference,
it the blockchain revolution global and Bruce, is yes bruce is speaking in the blockchain for
enterprise panel alongside heavyweight like IBM, Deustche Telekom & mastercard.
So, the most financial, banking like company out of those is mastercard right? Now, let’s
just go to these June 2018, Ocean presentation slides, from their director of partnership
and business development….they show oceans key partner’s to kickstart the ecosystem..and
mastercard is there as an example among many others….and then they show oceans
data collaborative structure & out of all those example partner’s mastercard is shown again,
as creating unique data assets on the ocean protocol & network….hmmm kind of like data
tokens? Launching today? Then next week they are presenting alongside them??? That’s crumby….
But what about something even bigger, what about a central bank??? Like The central bank
of Germany...the Deutsche Bundesbank. The german equivalant to the federal reserve,
who directs and sets the country’s monetary policy…
Well, using tedeuropa, and searching for contracts awarded by European
institutions...we can find one from the contracting authority, which is Deustsche
Bundesbank..and below we have the scope of the procurement, of the “job”...it’s title
is “Decentralized data exchange protocol (Ocean Protocol) and an associated consulting service”
Wowwowweeewaaaa...and below, we can see the procurement is related to a project or program
financed by the European Union. Then below, it says why they chose it….With this criterion,
BigchainDB was the only company with OceanProtocol that could offer a technical solution,
which was outside of the conception phase. In addition, criteria of innovative ability,
consulting experience and knowledge transfer to the Bundesbank were applied.
Now there is more going on to this, than we understand.
So Energy Web, who is in a similar boat as Ocean, I’m very bullish on them,
a current POA chain, working with massive partners. Well they dropped something similar,
last week Germany’s energy agency contracted Energy Web to build their identity registry
for their future energy markets. Called the blockchain machine identity ledger, BMIL.
Now this Ledger Insights article, points us in the direction and makes the connection.
Soo the tech partners, with Energy Web, implementing this. One is Ripple&Code,
no not that Ripple, but a german blockchain interface company...but look in the article it
says “In order to connect these projects with the BMIL registry, EW and RIDDLE&CODE will leverage
their innovative blockchain infrastructures, namely the professional services layer of IPDB
Foundation’s open-source stack on our end.” The IPDB uses yet another technology, BigChainDB.
Yes, IPDB & BigchainDB are both from Bruce Pon & team, aka the ocean protocol.
So Germany’s federal energy agency is working with Energy Web who is
using ocean tech & Germany’s central bank is working with Ocean, hrmmmm is all i gotta say…
Now, their may be something else, which is sliding right under the radar, which is going to surprise
everyone. Going to their public roadmap, on their website...it shows besides v3
data tokens & the ocean marketplace launching this quarter, v5 is coming
too. What is that? Well we can see its ocean on a permissionless substrate….so what could that be??
Well Ocean has been planning this for over a year now,
this paper was put out last in April of 2019, and regarding going permissionless and moving
from a POA chain...they said, as the top 3 choices Parity Substrate or Cosmos SDK,
or running the same ethereum code on a separate network...a sisterchain.
Now going to Ocean’s github board, we can get an idea of what is coming regarding their next move.
They have github epics, that are done, finished...either completed
or they have dropped it. As we can see there’s one, with none other than
xdai’s name on it. And it has to do with v5? Well let’s click into it
Now, we can see this epic was created in November of 2019, and we can see the history
of what happened. Originally it was called Epic Permissionless v5..then in December of 2019,
it was changed to deploy to xdai, v5. Although the last thing said, from other co-founder
Trent in this epic, was “Plans have changed. This issue is no longer relevant. Closing”
Like they aren’t now going with xdai? Well I started doing some digging and if you know
anything about Ocean tech, the keeper’s are a critical piece of how everything works,
and keepers connect through bridges...like with xdai? And then going to their github for keepers,
it seems they have been deployed on 3 mainnets, their own POA pacific mainnet, the ethereum
mainnet, and the xdai mainnet & what I find super interesting, with ethereum keepers, it says “The
ethereum mainnet network is deprecated and will be removed in the next version”
So, I have no idea what exactly is going on here.
Keepers only on pacific and xdai with the next version? And here is what I find interesting.
Ocean just performed a token swap, just an erc20 to erc20
token swap, but in preparation for what was dropped today, staking, data tokens, AMMs & more.
Now in their preparation blog post, they asked users to do this “If you have OCEAN
in the Ocean Pacific Network, please withdraw your tokens by August 21, 2020.
Hmmmm and then co-founder Trent also put out a bog post, regarding data farming,
which I’m sure they dropped more about today….but in the post he said this “To
help long-term thinking and drive value to the protocol, we are considering lockup periods to
ensure that rewards are not immediately sold by traders [ref]. It could even be “longer lockup,
longer reward” like in Filecoin’s ICO or xDai Chain’s staking incentives.
Xdai has still been on their mind recently, so v5 is gonna be a big surprise,
whatever it is….as if you do go into Ocean Architecture, from their own documentation,
under keeper contracts. They have the Parity EVM, and Secret Store.
Parity, which they mentioned #1 back in their tech paper? Well,
no matter who they choose, and release with v5, Parity Substrate or xDai, I’m bullish
and think both are frens of ethereum. Cheers viewers I’ll see you next time!