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 [Music] hi and welcome to this video I've got a very special guest it's Alex Paige of million which is a brand new technology how are you doing Alex Mike doing well good to be here good so uh this is a brand new security technology for the internet I I need to make a little uh disclosure here I was an investor in a in a seed ground of your initial Capital raise and uh so I do have an interest in this is million publicly available yet or not so not at this point we're still definitely in the buildup phase um you

know it is it is really exciting technology it's really um cool to be working with a brand new ways of using Tech but it also means that there's a lot of building that has to happen um and so we are building something you know that that hasn't existed before um you know utilizing new Innovations from from our chief scientist uh Miguel and so it's going to take us some time to build this network and get it out there for people right and this it's it's it has a potential that is huge I mean uh

when blockchain was introduced by Satoshi Nakamoto that really did change the world and you know it's more and more it's being adopted this is a security technology that could be uh a fundamental layer in uh all distributed finance and distributed compute am I right that's a good way to think about it um you know when I think about what blockchain did as a technology it really brought forward this idea of decentralization and the first place that we went with that which you see in Bitcoin is this um the the ability to

have decentralization of value um so when you think about Bitcoin wallets and you think about how much Bitcoin is in your wallet versus other people and moving that value around what we did what Bitcoin did was find a solution for that where you could take all these people who who you know are all over the world running nodes that are self-interested that you know would take advantage of the network to to get more value for themselves if they could and figure out how to come to consensus on what is true you know how many Bitcoins

are in Alex's wallet how many Bitcoins are in Martha's wallet um that technology was foundational to just decentralization in general and so what we're building with million is we're doing decentralization but we're doing it for data and specifically for high value data so any type of data that you want to keep really secure um you want to keep out of the hands of other people it could be proprietary data it could be passwords it could be personal information it could be identity

information but we're coming up with really we're using technology um and the innovations that we have to think about new ways to use that highly sensitive data um to make it more make it more valuable make it more usable across the world you said uh to keep it out of the hands of other people but actually you're putting it in the hands of other people but keeping it hidden from them even though they've got it right I mean you're you're taking data it it can be personal data this could be your uh your

uh private keys for you know a million hundred million dollars worth of crypto that you're putting in uh out on a distributed Network so hundreds thousands or millions of computers uh and they don't know who it belongs to or what it is am I correct that is one of the use cases and you're definitely right about this you know when we change the way that we look at ownership of data and how we use data and who controls that data it allows us to do a whole world of new things and I think what you're really touching on is

one of the really cool things that neillian can do is when we think about how we collaborate with data so if we're taking sensitive information like medical records is a really good example and we want to glean useful information from like a whole swath of the population and the medical data that we have on them but we don't want to give it all to one person and now they have have all this medical information on all these people well with a network like millions in the way that we use security

and the way that we compute with secure data you could find useful results from a wide swath of the population but then you don't have to give it all to one person to now has access to the medical records of all of these people uhuh yeah um so you can also do distributed compute with this where computers are working on a problem uh but they don't know what the problem is and they don't know whose problem it is right yeah and that's one of the fundamental features of nilon and why it is a a decentralized network like

Bitcoin so instead of moving the value around we're talking about Computing with data and so what we have is a decentralized network of nodes are basically computers that are working together on Computing with data they're storing pieces of information and so what we're doing is we're you know taking that high value data we're basically putting a security um layer on top of it so we're wrapping it up in security and then we're breaking it part in sending it to a bunch of different

computers all over the place now those computers can run computations with that data so they could add two numbers together as a really simple example but they don't know what numbers they're working with all they know is they added something together they don't know what the result is so basically you have these computers that are just blindly doing computation without knowing what they're Computing on and so now we have an opportunity to use data in new ways because of that yeah and they don't know

who it's for right yes exactly okay so they don't know what it is or who it's for but they're working on it exactly okay this is pretty awesome uh it this really brings distributed finance and distributed compute uh into the Forefront because now I mean it's you know the Satoshi nakamoto's uh big contribution when it came distributed ledgers have existed for many many many years but the guarantee of consensus was never there and the possibility of uh one bad actor cheating was always there

and Satoshi Nakamoto got rid of those uh two problems and uh this uh does that for almost any data that you want to put out there and the security that is added by having uh everything distributed there's no uh single point of failure or single point of attack right that is the idea is that we can basically create a network where there isn't a single point of failure we have a very large network of nodes so that data that we're talking about the secure is stored in hundreds or even thousands of different places so

for somebody to go and like hack into it and take it over or try to steal the data they would have to go to tons of computers all over the world and try and break their security you know thousands of times over in order to get to the underlying data um so we have a way to be able to store data in this very secure way so you think about passcodes or you think about um think about private keys in in blockchain for example um you could store it in a way where it's basically been broken up into

a thousand different pieces and distributed to a thousand different people but they also don't see what that actual piece is because of that security on top of it they don't actually have just like one digit of your private key or something they have this wrapped up very secure component of it but at the same time when you want to use it let's say you want to send Bitcoin to somebody or you want to send ethereum to somebody they can come together they can sign a transaction on the blockchain to move

that value but they also don't know what the private key is they don't know what everybody else's piece is and so they can't actually get to the data that's underneath it yeah um you know Elon Musk recently was talking about you know they've got these full self-driving computers in the Teslas that have an immense amount of computing power and they're connected to where uh with with grock the new AI that they developed at x uh they may be able to buy compute from the owners of all their customers

the people that bought the cars MH they buy computational power from the owners so when your car is parked in the garage it becomes one of the millions of this distributed compute so there this is an application that could that could secure something like that 100% right yeah absolutely and in fact you know those types of those cars could be nodes on the network ultimately you know it's not very complicated it won't be very complicated once we deploy to be able to set that up um and it doesn't require

you know unique software like running a Bitcoin node requires a lot of very intense Hardware in order to be competitive on the million Network we just don't need as much um as much hardware and so something like a Tesla that has that extra computing power they could be a noteon network potentially yeah now um uh you know there's different types of uh of distributed ledgers and uh proof of work which is what Bitcoin is uh does require a lot of compute a lot of power uh to make it secure and uh this adds security

without requiring all that energy waste it's very efficient right it's definitely more efficient than it used to be and that's where the big part of the Innovation with million comes from you know this idea of having multiple computers that are working together on computation and storing data in high secure ways has been around since the 80s it's just that it was always very slow it was always very cumbersome it always took a ton of computing power and what the Innovation that underpins Nan

allows us to do is to do that in a much more efficient way and so you know compared to like running a computation on your laptop you know we're not going to be better than that because your laptop doesn't use security when it's running information you type in your passcode and then you do something on your computer you add two numbers together you're doing that in the clear you know any computer program that's inside of your computer could see what you were doing so when you're adding

security it's always going to be less efficient than that but what really makes Nan so interesting is that we open up this whole world of being able to do things when you're running computations where the security is always there wow so um you know I I do want to let the viewers know that uh whenever you're investing in a brand new technology it's sort of an All or Nothing bet it either produces a big windfall or you lose everything uh but uh uh this is not something that is publicly listed or

that can be invested in right now but uh where are you as far as how how far do you think you're away from the launch of this new technology that could be very world changing and then are there any other uh use cases or examples that you yeah so we're at a place now we've been working on this for two years at this point um and we started with basically just mathematics and we've been building the technology we've been building the network on top of that over the last two years we've been building features into

it over the last two years and so we're at a place now we're actually going to start doing testing in next year and what I mean by that is that ultimately nilon is going to be a layer that developers can tap into and can plug into and use the the computation can use a storage can build things that use our Network as sort of a foundation to build on top of and so we're getting some of early developers in to start doing that building um so it's a really awesome part for us as a project but a place

where we actually get to okay you know anybody can go and they can use a million Network probably over a year away from that um but we've made so much progress over this time that like we're actually testing and we're actually ahead of schedule on that testing which is really exciting for the team so you know keep an eye on us but over but it'll be about a year from now where you'll actually be able to be like okay I'm going to go and and do something on top of million okay and so this isn't

something that the public will will see it's something that the application that somebody else wrote is on this million Network to make it super secure yes and you and that will be true in a lot of instances there are things that we are going to be building ourselves so one thing that we're building towards is really a very secure and very private biometric authentication um so when you think about biometric authentication on your phone like with face ID the way that Apple keeps that secure is they

keep that biometric on your phone so that Vector that your phone is decided okay this is Alex and logging you in is just on your phone it's not anywhere else with million we can do that on a network where you could access it from anywhere and so we're going to build a privacy preserving biometric authentication system into our Network that is something that will come from us but then you're going to see developers come along and they're going to use that feature and then the super Secure

Storage to build something else that's completely new that we probably haven't even thought of yet wow uh you also have a pretty impressive list of people working on this project can you tell us a little bit about uh some of the other people involved in this yeah I think the team that we built really speaks to just how amazing The Innovation is um that we you know we brought on as our CTO Conrad wheen who is the founding engineer of uber so he was a number two employee at Uber he was there from basically like

day one all the way through to you know the Behemoth that they've become um he was the one that built the code that ran the original Uber he built he built the first version of the code and then the first algorithm so the algorithm that decided like which car is going to come pick you up like he wrote the first version of that um so yeah very impressive guy um one of our co-founders is Andrew masanto who founded hadera hashgraph which is a very um cool technology and DLT Tech that um this much faster than Bitcoin faster than

ethereum that has been you know really big in the space for a long time um we've got the founder of inogo is is helping us out as our chief business officer um so a lot of really amazing people have been pulled into the team and and actually recently I think we brought on our our 10th um PhD so we have a lot of very smart people a lot of gigar brains working on this which has been really cool and exciting to be a part of awesome uh is there anything else you want to add about you know this news of

this big techn this new technology that's coming that is going to be it'll be making life on the internet a little bit more secure for all of us a little bit more Affair yeah I think it not just making it more secure but I think it's going to changed the way that we think about how we use data in the digital world you know ever since we we've gotten to the place where we started with web 1.0 which was basically you know 56k dialup modems you we go on AOL you'd re read news articles you

basically had a one-way interaction with the internet and we evolve that into Web 2.0 where we think about you know Facebook and Instagram where you're basically collaborating and creating the experience on the internet so you post photos your friends post photos kind of all generating it together I think about web 3 and and what million is going to help do it's about changing that relationship with data instead of just going and giving all of our stuff to these you know web two companies that

now become the Facebooks and the Googles of the world you know this digital part of the world this piece that's for us this you know area where we store our identity information or our digital assets or all these things web 3 is really about bringing that back to the individual and at Millian we want to be a part of that Revolution because that is what's going to come in the future um is making a space for each of us on the digital world where we're not reliant on a Facebook or somebody else to be our

entry point to the world of of what's on the internet awesome well thank you so much for bringing us the future of the internet then so I want to thank everybody for watching and I want to thank you Alex for giving us all of this great information oh thank you Mike