My journey with civilizing blockchain began during the decade that I have worked on Wall Street and in the City. I came to a conclusion that we need an entirely new technology to solve three fundamental problems of outdated centralized IT systems: data isolation, cumbersome number of intermediaries, and unsustainable security architecture.
As the first generation of blockchain technology has been unsuitable for the real-world application, I have put together a like-minded group of cryptologists and algorithmic coders to solve that issue. We have redesigned blockchain, eliminating miners and relying on regulated governmental currencies. We have successfully tackled scaling by changing consensus approach, and in doing so we effectively removed throughput constrains. In result, transactions are fully committed in under 10 seconds and you can store scores of terabytes of data on our blockchain without slowing it down.
Billon was build on a premise that we have to understand commercial and legal demands and incorporate them right into heart of our technology. That’s why we decided to build complete products solving real-life problems that nobody was able to solve before, like corporate motivation, GDPR-compliant trusted information governance, freemium business models, and P2P remittance and inclusion.