Po.et Announces Next Development Phase, CEO Passes Torch
Po.et’s CEO and Co-Founder, Jarrod Dicker posted an update informing the community about the next phase of the startup, 24 2019. Furthermore, the CEO announced that he will be moving to the Washington Post, passing over leadership to Po.et’s Head of Product, David Turner.
Po.et, a decentralized protocol for publishers and content creators
The startup’s co-founder and CEO, , made an update to the community where he the next phase of development of the platform where it aims to reach a new level in both technical and conceptual maturity.
Po.et is a decentralized protocol for content ownership, discovery and monetization in media that is building an open, universal ledger capable of recording immutable and timestamped information about creative content. It uses specific open protocols which are designed for interoperability with current industry standards in media and publishing.
Po.et’s next phase
According to the blog post, for the past 16 months, the team has been holding meetings and engaging with publishers and content creators to try and understand what matters most to them and where they see Po.et in the technology ecosystem.
Having this, in mind the team is pushing hard with Po.et’s maturity while it tries to leverage the fundamental concepts that drive proof of existence by introducing new and additional layer functionalities on top of the BTC network.
Jarrod Dicker joins the Washington Post
In the , the startup’s CEO, Jarrod Dicker also disclosed that he will be joining the Washington Post. Dicker’s new role will mainly be focused on pushing growth by using innovative techniques across advertising, as well as subscriptions and technologies related to engineering and revenue. Nevertheless, in his new position, Dicker will continue to collaborate.
Handing Over
David Turner, Po.et’s Head of Product is noted as one of the community members who contributed the most to the development of the platform, and he will be the one taking the reigns of the startup.
Dicker refers to David has one of the pillars for the startup development throughout the past year, and as such, he is certain David will continue to push the platform forward making it a vehicle that enables a better web. David will ensure that the community protocol is driven by the community itself and helps to develop the right tools making it for builders to structure the protocol to take out the most of it.
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Dicker affectionately writes:
“Each of you reading this has made a tremendous impact on my life and I’m very thankful for the time I’ve had in this role. I’m ready for the next chapter in how I can personally contribute to Po.et because I know there is so much to do for us to change the media world.”
Dicker believes that the continued work needs to slow down to focus on the “long road to adoption”; While has tried to develop its protocol at full speed, Dicker thinks that the future of the startup now needs to pin down its aim and avoid failure.
At a gathering at the Microsoft headquarters in Beijing on Thursday, with about 200 people in attendance, , the first open-source blockchain platform developed in China, announced a complete rebranding of its blockchain solution, as well as a number of other developments detailing their ambitious plans forward.
One of the revelations was the platform’s new name and brand, NEO, which in Greek means newness, novelty and youth. The developers also highlighted the strengths of their advanced smart contract code, which will support decentralized commerce, digital identities and the digitization of many different assets. This rebranding of Antshares represents a new direction for the development of China’s blockchain community.
Currently, holders of ANS can now automatically generate Antcoins (ANC) in their Antshares wallets, which will be used as gas on the platform. The ANS asset symbol will become NEO in the 3rd quarter of 2017; meanwhile, the NEO team is working on new clients and a UI for the new NEO brand.
Throughout the day, there were presentations from participants including Microsoft representatives, NEO platform developers, and founders of partner platforms. Among the select attendees were several major potential investors, industry experts and blockchain enthusiasts, as well as members of the Chinese financial and mainstream media.
Presenters at the conference included:
Da Hongfei, founder of NEO
After announcing NEO’s new brand and strategy, Da Hongfei elaborated on the future of blockchain technology, where every asset will be digitized and programmable with smart contracts. Calling for the transparency and openness of data, he introduced concepts of the “Smart Economy” and new smart contract system, and announced that he is building a new multi-chain protocol for interoperability.
Da Hongfei’s top revelations at the conference were that:
NEO is collaborating with certificate authorities in China to map real-world assets using smart contracts;
NEO has received a new patent for cross-chain distributed interoperability;
NEO’s recent new startup partners include Bancor, Agrello, Coindash, Nest Fund, and Binance, with more partner announcements to come.
Erik Zhang, Core Developer of NEO
In his presentation, Erik Zhang discussed the evolution of Smart Contracts 2.0, and explained the main differences between NEO and Ethereum. One big contrast of these competing platforms is their programming languages. Ethereum requires developers to learn to program with Solidity. Neo, on the other hand, will support almost all programming languages via a compiler, including those on Microsoft.net, Java, Kotlin, Go and Python, greatly lowering the difficulty for developers to write smart contracts. By making its programming languages more inclusive, NEO hopes to attract a larger community of developers. Zhang also explained the mechanics of the NEO Virtual Machine, its execution engine and interoperability.
Slide Of The NEO Virtual Machine
Tony Tao, CEO of NEO and Founder of Nest Fund
Based on the concept of Ethereum’s The DAO, a blockchain-based investment fund, Tony Tao is about to release a whitepaper for a similar project. Called , and built on NEO’s blockchain, this fund will make improvements on the failures of The DAO. By offering a global bounty reward for any hacker who finds bugs, Nest will be audited by a worldwide peer review, and will then release its token for decentralized investing.
Srikanth Raju, Microsoft’s G.M of Developer Experience and Evangelism for the Greater China Region
According to Mr. Raju, blockchain technology will lead us into a new digital age, displacing traditional businesses and middlemen throughout many industries. He said that Onchain (the company that founded NEO) is “one of the top 50 startup companies in China”, and offered his support for their endeavors going forward.
Mr. Han Feng, Tsinghua University I-Center
Fostering innovation and entrepreneurship at the top university in China, Tsinghua University’s I-Center focuses on the large-scale integration of technology resources. Speaking for the university’s growing interest in supporting blockchain technology, Mr. Han Feng said that current systems of commerce are “outdated and insecure,” and that the internet is ready for an upgrade to a blockchain-based operating system. Calling for a fully-automated, blockchain-based, decentralized economy, he said we can expect a digital revolution in the years to come. This will include digital currency, decentralized storage, secure smart contract codes, IoT, AI, and many more innovations.
Chen Cheng Qiang, founder and CEO of Innospace
Located in Shanghai, Innospace is a business incubation company, with office spaces, meeting spaces, cafes and living spaces. At today’s conference, Innospace CEO Chen Cheng Qiang announced a ¥200 million CNY ($29.3 million USD) incubation fund, a collaboration between his company and the NEO blockchain team. Plans for the fund include the establishment of a new blockchain space in Shanghai, combining working spaces, startup incubation and acceleration services. According to Mr. Qiang, his company plans to provide the most successful entrepreneurship acceleration services in China.
Alex Norta, founder of Agrello
Coming all the way from Estonia, Alex Norta announced that his startup will be partnering with NEO to develop smart contracts for automation, self-execution, accuracy and transparency. Powered by AI, Agrello will be a platform for non-programmers to create their own legally binding blockchain-based smart contracts. Use cases for Agrello’s tech include renting and sharing, freelance contracting, orchestrating production flows, and reducing administration costs for multinational corporations.
Adam Efrima, COO of Coindash
With offices in Israel and Shanghai, will be a social trading platform for crypto assets, offering portfolio management tools for digital asset investors. Features of the platform will include portfolio statistics and management tools, investment automation, an ICO dashboard, and insights into other traders’ successful investing strategies. In the upcoming development of Nest Fund, a blockchain-based smart fund by the developers of NEO, Coindash will offer advisory and prediction tools for Nest’s modern investors.
Mr. Zhao Chang Peng, CEO of Binance
The former CTO of OkCoin, Mr. Zhao Chang Peng is starting his own digital asset exchange, hoping to compete with platforms like Poloniex. Calling his new platform Binance, this new exchange will only deal in coin-to-coin transactions, avoiding fiat pairs and therefore avoiding Chinese regulations. In order to maintain a standard in mature digital assets, Binance will only list coins that meet its strict criteria. With a launch planned for later this year, the platform’s first traded assets will be bitcoin, ether and NEO.
From the looks, sounds, and energy of the event, NEO has built up some strong momentum going forward. They have one the top blockchain development teams in all of China, with 50 million ANS ($325 million) to support their funding needs and a growing list of partners now aligning by their side. While it may take some time to steal the spotlight from Ethereum, we are sure to see more from this platform in the months to come.
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