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randir14

Posts: 4950

Posted: Sat, 1st Oct 2016 08:20 Post subject: Company developing a "second internet"

Quote:

A Union Square Ventures and Y Combinator backed startup called Blockstack, just barely out of stealth mode, has been designing an alternative browser for what could be fairly described as another internet, one powered by the bitcoin blockchain. “They are in it for the long run,” Muneeb Ali, a CTO and Cofounder, said of his investors, during an interview with the Observer at his office. “They actually believe that this is the future.” In other words, even if a different kind of internet undermines past investments, investors still want to be positioned well for the next ones.

Blockstack’s browser, a fork of Chromium, is the first application for an internet that works much as this Economist journalist described in a prior post by the Observer. In its first version, it will only have access to this new internet. Some day, it could be built to work for both.

Ali spoke on the TEDxNewYork 2016 stage, describing an internet that couldn’t be censored. In that talk, he said, “The new internet takes away power from these large companies and takes it to where it always belonged, with the people.” The architecture the team has built is completely open source.

http://observer.com/2016/09/a-second-internet-coming-soon-courtesy-of-the-blockchain/

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