Rockchain is building a data processing infrastructure for the Ethereum Blockchain.
RockChain ICO information
ICO Start Date: November 1
ICO End Date: December 1
Minimum objective amount: $6,300,000 (AGATE Edition only)
Maximum amount: $35,000,000 ETH (All Editions)
“To solve the public blockchain isolation from rich data, we created a distributed file system on which every node opts-in for data sharing authorizations or logical rules execution access rights. We define advanced privacy rules, allowing only computation results to be publicized. While the blockchain is the orchestrator, Rockchain acts as the link between rich data and the public blockchain.” – RockChain
RockChain ICO starts in...
Interview with RockChain
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
RockChain: I’ve been working on leveraging the public blockchain opportunities inside the corporate IT ecosystem for about 2 years. Customers do want their data to remain local, they won’t send their business data, whether encrypted or not, outside their firewalls. So the public blockchains are isolated from rich data, their use cases can’t be as disruptive as the internet was in 1996.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
RockChain: To solve the public blockchain isolation to rich data, we created a distributed file system on which every nodes opt-in for data sharing or logical rules execution. We define advanced privacy rules, allowing only computation results to be publicized. The blockchain is the orchestrator, and Rockchain the link between rich data and the public blockchain.
BC: How do you think that competition will develop following your ICO?
RC: The competitive approach is Polkadot. We’re both addressing the issue of collaboration between private networks and public blockchains; but our technological approaches being totally different, we could say we’re complementary rather the competitors. Polkadot is being driven by Gavin Wood, immensely respectful for the past work on Ethereum EVM, fueling the past two years blockchain innovation. Polkadot ICO, planned in August, will surely be one of the most important ICO ever. We’re taking a data-centric approach for security, rather than state-centric as Polkadot. We believe simplicity is the key.
BC: What are you planning to do with the proceeds of your ICO, and why?
RC: Most of the proceeds will go in developing Rockchain technology (76%) but we also allocated 12% of the proceeds for supporting Rockchain applications. Rockchain enables application owners to extend the use cases of Ethereum public blockchain to use cases incorporating logic on private data. Rockchain distributed infrastructure will be a success if app owners are convinced; we already have genomes.io, a UK startup performing DNA testing without revealing the DNA sequence.
BC: For all those who have read your white paper (pdf) and are still on the fence about contributing to your ICO, what can you tell them that could lead them to buy into your project?
RC: I can announce today that we’re working on a benchmark of our crypto framework that will announce major performance and scale improvements on computations that don’t break data privacy. Major improvements means we’re at least 10 times more efficient compared to more traditional approaches we will list. As we chose not to be open source at the ICO but later, the benchmark is key, and we’ll release it during the ICO.
I can also announce that at the end of the year, the DappBox (the distributed file system with access rights orchestrated by Ethereum) is expected to be released, fueled by ROK tokens.
Those are two reasons to invest: performance and immediate usability of the tokens. However, for blockchain believers, the first reason should be to extend the blockchain to companies IT systems, as the internet did, replacing other internal communication protocols. This first reason is more a belief than a short term calculation.
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