Guest blog from Anton Glotser, CEO of DelNorte
DelNorte is digitizing, tokenizing and monetizing bureaucratic processes. In governments and corporations bureaucracy is often time consuming, cumbersome and in the worst cases prone to corruption. Many governments and some corporations are still using the millenia-old method of pen and paper for bureaucratic processes. Our partnership with Partisia will help us modernize that process.
DelNorte solves the problem of security, transparency, frequency, efficiency, scalability, fidelity and friction. By converting physical documents to digital and storing them on the blockchain we solve about 95% of the problems associated with traditional paperwork. Not only does this greatly improve quality and security of the data, but our solution provides an unfathomable amount of ancillary benefits. Having guaranteed and secure real time data associated with physical assets, such as real estate deeds on the blockchain, makes the assets represented by these smart tokens significantly more valuable.
Working with Partisia Blockchain offers several notable benefits both for us and our clients. Partisia Blockchain utilizes cutting-edge cryptographic techniques like secure multiparty computation (MPC) to ensure that sensitive data remains confidential even while being processed on the blockchain. It addresses scalability challenges by enabling efficient computation and data processing. As we occasionally get requests for a variety of blockchains, Partisia accommodates us with their interoperability across blockchains and systems. Also dealing with governments security is a top priority for us. Partisia utilizes advanced cryptographic techniques to protect data and transactions. The last important point is our ability with Partisia to mold a variety of regulations and customization to specific use cases and business requirements.
We have contracts for pilot projects in El Salvador, Mexico and Honduras. Our most advanced and tested project is in El Salvador. There we have live transactions and are now expanding to other services like digital signatures stored on chain, and a national expansion for tokenized deeds and titles.
We also have a product called Kasas.io, it is a real estate search engine and marketplace that allows anyone to buy, sell, rent or invest in whole property or fractions of real estate remotely and completely legally in all of Latin America. In the places where we have a direct link to the government we can even perform 100% digital remote real estate transactions for purchase or sale, with digital NFT deeds and titles issued virtually on chain and recognized by the government as official. You can hop on a plane and buy a house mid-flight, and by the time you land in that country (El Salvador at the moment), you will already own the house.
DelNorte stock is registered and we are currently raising US$2 million for 20% of the company to fuel our national and international growth. We are in the process of expanding to about a dozen countries in Latin America but also into parts of the USA. We are expanding our tech stack and our private sector operations for automated real estate transactions. If you are interested in learning more about us or investing, please check us out on all social media at https://delnorte.io or for questions about investment email us at ag@delnorte.io
Trust, the cornerstone of any relationship, holds profound significance in our interconnected world. Whether it be interpersonal, inter-corporate, or even between governments, trust is the linchpin upon which successful relationships are built. Partisia Blockchain, in its essence, is a catalyst for redefining trust in the digital realm.
“The art of enabling trust within an inherently untrusting environment.”
But how does Partisia Blockchain achieve this monumental feat?
The importance of trust is a concept we can all readily grasp. Yet, the question arises – what facilitates trust among entities? A critical factor in this equation is privacy. Trust cannot manifest in a realm of complete anonymity. However, it also cannot thrive in a domain of absolute transparency. The sweet spot lies in a harmonious blend of both, where transparency and privacy coexist to cultivate trust.
Consider a simple scenario: applying for a credit card. A bank, to grant you this privilege, requires crucial information about you – your identity, income, contact details, and credit history. These details are essential for the bank to extend its trust in you. However, if you knew that these details would be made public, including your transaction history, your willingness to apply for that credit card would understandably wane.
Upon closer examination, it becomes clear that privacy is the very bedrock upon which trust is constructed.
In our credit card example, you enter a trusted environment where you bestow your trust upon the credit card company to safeguard your personal data. The company is, of course, bound by its business model to keep the sanctity of this trust. However, there is an underlying vulnerability here – data breaches, unauthorized sales, or inadvertent data exposure. These are potential avenues through which your trust can be shattered. In such cases, you are placing trust in the environment.
On the other hand, a trustless environment requires no implicit trust in any single entity but still manages to perform necessary functions seamlessly. Enter the decentralized blockchain, a prime example of an environment where trust in an entity is unnecessary. Here, blocks are formed, and information is inscribed on the ledger without a single entity having dominion over the system. The laws of physics exemplify another trustless environment – they exist without needing trust because the system is transparent, having been measured and documented, and accessible to all for independent confirmation.
Partisia Blockchain ingeniously fuses these concepts to tackle the trust predicament. It enables two entities to work together within a trusted framework, devoid of any single entity’s control. The synergy of multiparty computation (MPC) and blockchain technology underpins this innovation.
MPC, a revolutionary technology, permits the computation of confidential data. It functions as an encryption technology, allowing input values to remain hidden while still computing answers. It empowers us to calculate the sum of 2 and 3 without revealing the original values. Envisaged in the late 1970s and officially introduced in 1988, MPC boasts an illustrious history, with over a thousand research papers and 15 years of practical implementation.
In parallel, blockchain, the other keystone of Partisia Blockchain, has been redefined to its very core. Through our distinctive BYOC tokenomics principles and an infinitely scalable architecture, we make trust in a trustless environment a reality for all – not just for those building on our platform.
By converging these two technologies, Partisia Blockchain democratizes trust within a trustless domain. This manifests as a wealth of opportunities: companies collaborating without exposing their confidential data, creating equitable, private, and accurate voting systems, returning control of data to users, and enabling monetization of data. In the heart of Partisia Blockchain’s mission lies the potential to revolutionize business models and unveil novel value propositions.
During the month of September 2023, I will be traveling to a few conferences, and doing a few speaking engagements. As a part of the conference going, I will be providing a few thoughts on what I have seen, people and projects I have met and the changes and trends emerging in the last year or so in the industry.
From Zug, I traveled south to not only take part in the first large Web3 conference in Milan, but also the privilege to take part in a panel discussion about DAOs. This felt more like a standard Web3 conference with a lot of your usual projects. And the theme was similar, with ZK, DAOs, offramp/onramp and a few DeFi projects. And everyone I spoke with knew or heard about MPC.
The panel was about DAO governance, where we discussed a range of topics including leadership, legal frameworks and of course, the need for privacy. It was enlightening to hear about how DAO’s were maturing. I was honored to be included in quite a list of distinguished panelists, with lawyers, researchers and the BD from MIDAO (Marshall Island DAO).
I also got a chance to meet with one of our projects building on our chain, MetaNames. They are building a naming service on our chain, allowing for the name to support all BYOC assets and not just MPC. With them very close to launching in mainnet, it was the perfect time to discuss next steps.
This wrapped up my conference tours for the month of September. It will be good to get back to my desk and begin exploring the leads we were able to find and also get back to actually getting some work done!
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