[Project Speech] Pak.dohyun BITFORST, CEO at koreablockchainweek 2019

[Music] Wow hello everybody lots of people here what details just said lots of things about applications and well right now today I'm gonna talk a little bit more about you know evolution in blockchain industry the other day one of my friend who's not in blockchain industry actually came to me asked me some questions you know his question was about why does he seems like that blockchain technology is kind of stuck I was quite surprised so why do you think like that and his answer was like you know well it's been years that he has heard about lots of fancy blockchain projects and protocols and decentralized applications but it's really hard to see you know from his point of view that block chains around are around us right now and well I should have brought him right here because Nova's have said lots of applications on blockchain but still for the normal people it's really hard to find the revolutions or evolutions of blockchain and also he said that it seems like that blockchain technology the evolution of blockchain technology is so slow comparing to other IT technology like you know mobile so yeah that's right that makes sense I was trying to find the reason why blockchain evolution is so slow and you know no more people can really see the real evolutions in blockchain so I wanted to start from the beginning I want to ask you some question this is kind of a other point of view so you don't have to suck on it my first question is function is a software what do you think well it's not tangible so it's not Hardware so then is this software then how about small country is it a software so woah what kind of question is this sometime you know some people told me that says hardware as well as software then let's look at the picture does you know trivial evolution stuff the downside is a hardware and the upper side is software in the evolution wise to change the hardware it's really hard you have to replace it updating hardware is a very hard one and software you can update win from windows 7 to Windows 10 in a few minutes or few hours but it's really easy so software the characteristics of evolutions in software it's easy to update easy to change but hardware side it's very hard from that point of view what do you think about the blockchain is this still software I think book chain is kind of hardware which is programmable and on the Internet this is just my point of view you don't have to suck on it but I think this is some kind of true the reason is like another hardware you know I believe that blockchain is evolving there are like more and more new protocols and good decentralized applications but sometimes it's really hard from moving moving from one pro code to another so when new requirements it is there then book chain should go up but for the deaths it's really hard to move on from this point of view walk in 2009 becoming Bitcoin showed up and there are lots of you know good protocols as you can see if you make a dab based on your theory Amman to South 2019 right now you have to come back to 2015 when the etherium first showed up because we don't have BPM 2.0 right now it's gonna show probably next week next next year but still since from the characteristics of evolution I think blockchain is kind of hardware so what we are dealing with right now is for the dab it's really hard to get the evolution so that's where we think that there should be something in between devs and protocols and we want to solve that problem with by for us with our project what we are doing right now is for the DEP they have to provide services to the users but if they want to adapt the prop evolutions of will change they have to creat the services and they have to change the protocol for the Deb we have to meet we need something that make taps working continuously with the evolution of protocols itself so what by first by first is doing is something in between the apps and protocols and even though the protocols are avoiding by first will support the evolving and also make Deb's work continuously without stopping their services what we are preparing for the DEF CON next week on Osaka is we actually there are lots of reverse ICUs in Korea there's lots of you know good projects and well reverse ICU as you know they have transactions users and everything but it's really hard to get provide services based on the you system one protocols for example if they provide services based on the etherium since they have lots of transactions it's gonna cost a lot so they're like preparing some other protocol to support them like Clayton in Korea but the thing is they're kind of worried because they programmed everything a solidity and they believe that the theorem is kind of safe but new protocol they are not so sure about adopting new protocols so what we are providing for the taps like new reverse ICO we are kind of providing more than two or more than three protocols all that was as a platform so what Bifrost is providing is there is a good day good day named the cargo in Korea they are like Kakao family Kakao logistics and they want to provide it decentralizes the chance of decentralized services to the people and they're kind of hesitating using a theorem and Clayton and they don't know what to use so what we are suggesting to them is okay you have lots of users you can use the ID protocol such as material in Korea and you can also use the etherium because you programmed everything based on your theorem and you can also use Clayton and they need a payment system so you can use Libre so what we are suggesting for them is using four protocols all at once and those protocols are based in different time sector what we are doing what we are providing is giving them backwards and for comparability for the depths of protocols so in Osaka next week we're gonna provide a technical demonstration on public that one Deb can use for protocols other ones to get the benefits of each so this is what we are doing on Bifrost for the blockchain evolution and that's something that we think is needed in blockchain revolution so if you need more or more informations about it wow I I don't want to say you know lots of tech things today but if you need in a tech demo or you can visit us our homepage / first our i/o for the for for the informations and any questions just you know email me or tell me anytime thank you [Music]