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| Subject: Keep Network building data fortresses with blockchain technology Tue Apr 02, 2019 9:19 pm | |
| When looking for a solution to solve the quintessentially modern problem of blockchain-based data security, Matt Luongo went back to medieval times. Mr. Luongo is the founder of Keep Network, a series of off-chain containers, or “keeps” for private data. Keep Network allows contracts to capture more of the benefits of the public blockchain, fostering deeper interaction with private data. In 2012 Mr. Luongo, a software engineer by training, was working on an academic research search engine when he got the idea for a sideline business from looking at a stack of unused gift cards in his desk. If he could develop an efficient method to sell them he could pay his rent. But he didn’t stop there. Being an entrepreneur at heart, Mr. Luongo began buying more cards from shops but he soon learned paying others was a hassle in the pre-Stripe fintech infrastructure era. He let the idea sit for a year before the industry provided the infrastructure for the perfect permissionless payment system – blockchain.
https://www.banklesstimes.com/2019/04/02/keep-network-building-data-fortresses-with-blockchain-technology/ |
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