Constellation Networks co-founder and chief strategy officer Benjamin Diggles Be . sitting with[In]Crypto at ETHDenver, where he says lawyers can be Web3’s unsung heroes as we navigate through regulation and compliance.
Diggles, who also drives business development for Constellation Networks and spends approximately 64% of his time with federal affiliations, works primarily with the United States Transportation Command (USTRANSCOM), the largest data producer in the world and eleven Integrated Combat Commands. The US Department of Defense helps educated regulators wrap their heads around governance and smart contracts.
Constellation Network is a Web3 blockchain ecosystem launched in 2017 that bridges crypto economies with traditional businesses.
On Friday, Diggles took the stage at ETHDenver and told attendees that the federal government needs this technology. “Silicon Valley is frustrated because they’re developing all kinds of cool stuff that the government wants — but it’s so hard to work with. From our point of view, why would we want to jump through all these hoops?”
Speaking to Constellation’s base layer protocol, the co-founder claimed the company’s status as the world’s first L_0 protocol, allowing the platform to cross-chain pollination between other blockchains with zero transaction fees.
“We founded Constellation in 2017 based on data that was the focus of our utility token, DAG, or directed acyclic graph,” he said. Instead of focusing on financial transactions, Constellation Networks chose instead to focus on data transactions and validating different data types – because at the end of the day, finance is really data.
“It all comes down to trust, and right now, no one trusts each other,” Diggles told Be. told[In]crypto. As Congress finally begins to turn its attention to digital currency and blockchain technology, data and privacy are knocking on its door, awaiting congratulations.
“Because of this decentralized peer-to-peer (P2P) approach, it really brings out the potential of multi-domain orchestration. In other words, how do you get disparate groups to work really well together? Can’t play, to orchestrate, because they don’t have to worry about IP security-guys in the middle attacks,” he explained.
“By the end of January, the White House published its executive order saying that all this infrastructure will move to a zero-trust environment – because once you get the data, you have to validate it. And that’s where centralized servers come into play, and right now, they’re just too slow for the amount of data we’re bringing online.”
Web3 is a second chance for the world
Looking to Web3, Diggles says it’s not really a “new Internet” – rather, when individuals It happens Internet.
“Web3 isn’t an evolution of Web2—it’s a mulligan. We’re getting a second chance to rewrite the rules; to empower individuals within these networks to do what they’re interested in, versus them on Facebook’s webpage. Get off, sign the 130-page Terms of Service, and be locked in their world. Those days are numbered.”
Regardless of age or demographics, people who grew up with this technology—the “digital vampire” as Diggles describes it—are either born a vampire in this age, or have the ability to transform into one.
“We are either born vampires or have the ability to be transformed,” he explains. “That’s largely because it’s not that deep, but it’s easier to create something new than it is to go back and change something old – especially when the commercial sector is so nervous about the public ledger that they’re putting their data out there.” , and there is proper control.”
Blockchain is not technology; crypto is not finance
With regulators and lawmakers moving at turtle pace, Diggles says we’re seeing a kind of “stuttering step” where no major technology is really setting the standard. “That’s why I love this youthful, youthful energy that we are seeing here at ETHDenver.”
Taking a closer look at the legal landscape, courts are afraid to actively rule out cases involving these technologies, especially with the increasing popularity and influx of NFT projects that attract copyright and trademark works.
And why? No court wants to be the first in a new area of technology that they don’t fully understand (nor care about).
“These legacies, as I mentioned earlier, are making it so difficult for new blood to come in that it is not attractive. It is not attractive for my friends and me to form our own organization, law firm, or consortium of some sort of institutional government group. It’s easier than going in and being like, ‘Hey guys, let’s get some fresh blood in here.'”
Looking back on the late ’90s, we’re starting to see older generations wiping their lenses and realize that, perhaps, there’s a new renaissance here. Diggles emphasized his observation of older generations that they are starting to see Web3 as an opportunity to join in on something they missed with the dotcom bubble of the late ’90s and the birth of the Internet.
“I certainly didn’t take it seriously when the home grocer initially raised $500 million despite its final end. Now, it’s time to change that. Blockchain is not technology and crypto is not finance, but it’s just mindset. And that’s what mindset shifts make it hard for older people – and it’s not ageism. It’s just human nature.”
He continued to say that the company’s culture revolves around daily, ongoing conversations with lawyers, often saying “we know it’s going to be a ‘no’, but we need to bring it to a ‘yes’.” “
“It’s not about washing away and repeating the old law, or sticking to what you feel comfortable with,” he said. “Don’t get me wrong, you have to make sure you’re covering your ass with the basics, but you want to find lawyers who are willing to explore these areas and take that step into the gray zone.” But it is what is needed.”
And to his point, lawyers have a moral duty to represent their clients competently and enthusiastically. What if you have a DAO or project that requires their lawyers to put forward these arguments before the court?
“In understanding those risks, I think the lawyers are going to be the unsung heroes in this whole case,” Diggles insisted.
Ethereum Use Cases Missing in the Orbit
Despite COVID-19 shutting down the world for almost two years, classes are once again opening their doors to students as they resume their academic careers.
But given how much our world and economy have changed in the past two years, how should educational institutions restructure their curriculum as it pertains to Web3, blockchain technology, and this “Mulligan”?
Diggles, who is on the board of the Blockchain School of Business as well as co-chair of Portland State, actively helps the university write its curriculum – but acknowledges the paradox of its most basic infrastructure.
“These institutions are rather linear,” he says. “And it’s an exponential kind of quantum thing that’s happening right now, it becomes very difficult for a group to programmatically manage. So, while I think they’re doing a great job at teaching people like That’s how to code a Solidity contract – for Ethereum, the use cases are missing, because they haven’t happened in the real world – yet.”
Looking at the future of the Stars and Constellation Network
As for what’s to come, he hinted about the company’s future, with Constellation Networks recently acquiring Dôr, a retail analytics startup, in October 2021. This partnership resulted in a first of its kind traffic mining hardware product called Dôr Traffic. miner.
The breakthrough tool allows owners to calculate foot traffic using thermal imaging to apply it to any gate, feeding that data to a larger analytics system.
“We are able to effectively place our network nodes on these sensors and since that data is being validated in real-time, people earn cryptocurrency as they move in and out of doors. are tying together the real world and these crypto environments to show that there is value in their data, and that they can receive payments in crypto in real time.”
At the end of the day, Diggles encourages ETHDenver participants and those entering this space to remember what Constellation Networks is doing at the infrastructure level.
“It’s hard when you talk about an ecosystem, because there are multiple entry points – but we’re really providing the infrastructure that enables individuals and businesses to operate and transact within Web3.” And I know there’s a lot more to say. We want to enable them to be successful – either as individuals or as an entrepreneur.”
Happen[In]Crypto will be on site providing you with real-time coverage from ETHDenver, highlighting innovations in Web3 and cyber security.,
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