Welcome!

Agile Computing Authors: John Katrick, Liz McMillan, LeanTaaS Blog, Progress Blog, Derek Weeks

Related Topics: @ThingsExpo, Agile Computing, @CloudExpo

@ThingsExpo: Blog Post

New Sidechain Technology for the Internet of Things | @ThingsExpo #IoT #Blockchain

Interview with Lisk CEO Max Kordek

New Sidechain Technology for the Internet of Things, Sharing Economies, and Social Networks

Thanks for taking the time to answer my questions. Please tell us, what is Lisk all about and what do you do?

Max Kordek, CEO of Lisk: Lisk is a cryptocurrency based on Delegated Proof of Stake (DPoS), but also a blockchain application and sidechain platform. With our Lisk App SDK, JavaScript developers can deploy their own sidechains and develop blockchain applications on top of them.

The fact that Lisk apps are running in their own sidechains allow them to be extremely flexible. Developers can design their own sidechain and app with all the necessary features. Additionally, being on sidechains, the Lisk platform can host thousands of apps without a problem. The main blockchain of Lisk stays extremely lean and efficient.

All apps are easily accessible from within our own app directory in our client.

What pressing problems does Lisk solve?

Kordek: Lisk provides a scalable platform for the biggest developer audience in the world; JavaScript coders. At this moment, it's rocket science to develop a decentralized,  peer-to-peer application. With Lisk, the App SDK, and blockchain technology, this becomes very easy. Practically every JavaScript developer can now work on decentralized technologies with a very low learning curve. That means they can jump right into action.

With the Lisk cryptocurrency, they can also directly integrate a monetisation model into their application. They are able to build not only an unstoppable, but also a very profitable service for the masses.

Do you think the widespread popularity of JavaScript will open opportunities for startups and entrepreneurs?

Kordek: Definitely! The combination of JavaScript and decentralization is extremely helpful. Until now, decentralization was very hard to do - that's why so few guys have included it in their business model in the past. Lisk opens up a lot of opportunities that until now were not available.

How does Lisk differentiate from Ethereum, Omni and the SAFE Network?

Kordek: In contrast to Ethereum, a Lisk app doesn't need gas to compute its logic. As long as people are forging the sidechain, all app operations are being processed. The sidechain forgers get all the accumulated fees (LSK or a custom token), assuming that the developer integrated this into his app (which is advisable in order to prevent spam). Ethereum saves all its smart contracts on its sole blockchain being the distributor and executor at once. Lisk is trying to be more lean. Its blockchain is similar to an hub, linking to an unlimited number of sidechains running blockchain applications written in JavaScript. Lisk apps are always performed on their own sidechain, providing great scalability and complete freedom for the app developer.

I really don't know enough about Omni or SAFE to give a proficient answer.

When it comes to blockchain apps for consumers, why do you think they are going to be a big deal?

Kordek: Blockchain applications have the monetisation model directly included into their business model. That cuts out financial middlemen because all financial transactions are performed in Lisk's own cryptocurrency.

That means app developers get a bigger chunk of the money, but it also means that we will see entirely new types of applications in the future. Like decentralized voting, payment systems, consensus services, or a storage providers.

Will blockchains as decentralized databases for applications be the new normal? What are your trend observations to decentralize everything, and why?

Kordek: Blockchains will never store big files and data directly, that's why it's hard to be "the new normal" for all types of applications. Rather, they act as meta databases, storing information like financial information, hashes, trust, or arbitrary messages.

Sometimes I see projects that try to decentralize services that don't need to be decentralized. I'm not a fan of the "decentralize everything" ideology. I'm a big supporter of the idea to "decentralize everything where it makes sense," and it makes sense in a lot of areas like the Internet of Things, sharing economies, and social networks!

If someone wants to build decentralized technologies, it makes sense to use the blockchain, specifically a Lisk sidechain, because it's just so simple. Why use a lot of money to build everything from scratch, when everything is already available to build on?

Being active in the Lisk community daily, I can see a strong trend for blockchain-based applications. However, I'm obviously biased.

Is the core of this open source?  Do you expect contributions from outside the organization?

Kordek: Everything is open source. Our core client, user interface, website, and various developer tools. We are already seeing Lisk forks and clones happening, which are bringing further innovation into the blockchain industry.

We just recently hired two community developers who were already very active. Besides them, we have a lot of community members who are contributing to the code and tools. We have a very active and valuable community that is eager to help out.

How will you make money? What's the business model?

Kordek: At this moment, we are solely focusing to provide a healthy, open-source, cryptocurrency-based platform to develop blockchain applications in JavaScript. We will think about possible monetization models for the platform in the coming months. There are a lot of possible angles we can take. Important to note is that Lisk itself is being established as a non-profit company. That means every profit the non-profit company may make in the future will directly flow back into it.

What is your funding? Who are the investors?

Kordek: We had a 1 month long crowdfunding campaign everyone could participate in. During that crowdfunding, we collected over 14,000 Bitcoin, which are currently worth around $6.4M. This puts Lisk in the top 20 of all crowdfundings in history. Around 4,000 cryptocurrency users participated, many of them also being decentralization and open-source enthusiasts.

What's next on your product roadmap?

Kordek: We just launched, now we need to concentrate on concurrency problems, security, optimisation, and robustness. Afterwards, we will make our client more accessible for everyone.

Thank you for your time!

Website: www.lisk.io
Twitter: https://twitter.com/liskHQ
Facebook: https://www.facebook.com/LiskHQ/

More Stories By Xenia von Wedel

Xenia von Wedel is a Tech blogger and Enterprise Media Consultant in Silicon Valley and Paris, serving clients in a variety of industries worldwide. She is focused on thought leadership content creation and syndication, media outreach and strategy. She mainly writes about Blockchain, Enterprise, B2B solutions, social media and open source software, but throws the occasional oddball into the mix. Tip her if you like her articles: http://xeniar.tip.me

@ThingsExpo Stories
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
DevOps at Cloud Expo – being held June 5-7, 2018, at the Javits Center in New York, NY – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits,...
@DevOpsSummit at Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, is co-located with 22nd Cloud Expo | 1st DXWorld Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
SYS-CON Events announced today that T-Mobile exhibited at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on qua...
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness. For more information, please visit https://www.cedexis.com.
SYS-CON Events announced today that Google Cloud has been named “Keynote Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Companies come to Google Cloud to transform their businesses. Google Cloud’s comprehensive portfolio – from infrastructure to apps to devices – helps enterprises innovate faster, scale smarter, stay secure, and do more with data than ever before.
SYS-CON Events announced today that Vivint to exhibit at SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California. As a leading smart home technology provider, Vivint offers home security, energy management, home automation, local cloud storage, and high-speed Internet solutions to more than one million customers throughout the United States and Canada. The end result is a smart home solution that sav...
SYS-CON Events announced today that Opsani will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Opsani is the leading provider of deployment automation systems for running and scaling traditional enterprise applications on container infrastructure.
SYS-CON Events announced today that Nirmata will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nirmata provides a comprehensive platform, for deploying, operating, and optimizing containerized applications across clouds, powered by Kubernetes. Nirmata empowers enterprise DevOps teams by fully automating the complex operations and management of application containers and its underlying ...
SYS-CON Events announced today that Opsani to exhibit at SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California. Opsani is creating the next generation of automated continuous deployment tools designed specifically for containers. How is continuous deployment different from continuous integration and continuous delivery? CI/CD tools provide build and test. Continuous Deployment is the means by which...