The interview to portal bibaodao.com



Desearcher







The interview to portal bibaodao.com

The 2nd Global Fintech & Blockchain China Summit 2018 was held on April 12, 2018 in Shanghai, the event has gathered more than 800 representatives of the blockchain elite from all over the world who had an in-depth discussions of actual use cases of blockchain technology in various industries, including finance, global payments, healthcare, energy resources trading, digital identity verification, IoT, supply chain management, state administration, etc., as well as the opportunities and challenges in the future ahead.





Bitclave's co-founder Alex Bessonov was invited to take part in the event as one of the keynote speakers.





About BitClave Project

The full name of BitClave – BitClave Active Search Ecosystem, it's also called "decentralized search service". This is the first decentralized search engine in the world, Zenith Capital and other well-known Chinese investment blockchain organizations have invested in this project. Public testing of desearch.com has already been launched. The service directly connects advertisers and Internet users, where search engine users can selectively share information about themselves, and then make a profit in the form of CAT Tokens. CAT tokens have utility value in the ecosystem; they can be traded on third-party platforms. CAT tokens are more liquid and secure than cash or other tokens. The emergence of BitClave will change the traditional anatomy of the Internet search and advertising market format.





Alex Bessonov, the co-founder of BitClave, gave an exclusive interview to Bibaodao portal and shared his opinion on the blockchain development in China and on application scenarios of projects during the 2nd Global Fintech & Blockchain China Summit 2018.





Question: Absolutely everyone talks about the blockchain these days, the technology is integrated within various business areas. Mr. Alex, please tell me, what do you think about the impact of blockchain on other industries?





Alex Bessonov：The blockchain has emerged as a decentralized technology; we respect the development of new things and ideas. Blockchain will also bring valuable transparency to the fintech industry; perhaps it will also bring in other key values to this kind of business.





Q: Mr. Alex, do you know about the blockchain development trends in China? Do you think the blockchain in China is different than in other countries when we are talking about its technical and political aspects? What are the advantages?





Alex Bessonov: It is a very profound question. Сurrently, the blockchain development in China is not much different from the US, Europe, Singapore, etc. at the micro-level, blockchain is at the forefront of the industry in all these countries. However, blockchain advancement in China has a lot of different regulations and restrictions on its way. But we all know that the Chinese market has a vast number of users and it generates a significant amount of user data, the market volume is enormous, which also determines that the projects which can succeed in China are significantly different from those in other countries. The Chinese market also has some outstanding projects appearing. I am confident that there is a tremendous potential for application of blockchain technology in China.





Q: Thanks to your presentation, we've learned that BitClave is an outstanding decentralized blockchain project, and you are the co-founder, so please tell us about the concept formation and roadmap development of BitClave!





Alex Bessonov：Google is the giant in the Internet advertising market at the moment; users usually use this kind of centralized search engine like Google to search and collect required information For 20 years since the founding of Google, the company has been very successful. We are creating a decentralized search system, and we want to use the blockchain as an underlying technology to solve the problem of user privacy and information security. It is a complex task for us, but it will also help to unravel the hidden opportunities of the market. Our team has sufficient capabilities to accept this challenge and work even harder, at the same time I am sure that we have picked up on future trends of application development.





Q: How will Bitclave compete with Google, being a decentralized search engine? What are the advantages of the project?





Alex Bessonov: Broadly speaking, our advantage lies in the fact that we emphasize the user privacy and the security of information. BitClave aims to open up the search market with the help of blockchain technology, excluding advertising intermediaries, as well as implement the flow of economic value directly to users and consumers and increase the efficiency. Despite the fact that advertising media is becoming more and more efficient, the core of advertising is between users and services, however, in this aspect, there is no actual progress on the market. Huge funds go to hidden advertising intermediaries, but sellers and consumers get only a small part of it. Users can control and store their data themselves within the BitClave ecosystem, and they can decide whether to disclose the details of their search to receive targeted notifications about the entrepreneur. At the same time, entrepreneurs can feed on these search activities and send information directly to the client. Users can control their data and preferences with the BitClave ecosystem.





Q: I've caught one significant detail in your response: the protection of private user information. How can BitClave protect the privacy of users?





Alex Bessonov：Currently, when using centralized search engines like Google or Alibaba, user data belongs to these giant corporations. And in our project, user data is stored in the blockchain, and managed by their private keys. The use of blockchain allows you to achieve decentralization in Internet advertising; as a result, it is you who controls your own data, and not someone else.





Q: Where is the attractiveness of BitClave? How can the project make users give up such centralized search engines as Facebook or Google?





Alex Bessonov：First of all, we do not control the users, users make their own decisions, what to use, and what not to. Just a reminder for numerous users, when using the search engines, you need to be very careful, for example, Facebook and Google sell a massive amount of user information. Not a long time ago there was a data leak from Facebook. Bitclave users have a private key, which provides data security, and users themselves control data storage and management.









The interview with portal http://www.bibaodao.com/