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International conference on artificial intelligence and statistics 2019 do my average age of puberty cities in a globalising world global report on human settlements 2018 my name is Aram Chen I founded the Alaska's project in year 2000 and the last those actually means three things first of all Elastic Compute meaning we are going to build a virtual machines or across the internet across the web course related project would be Amazon's elastic compute which has the only virtual machines in the cloud instead of across the internet the second meaning of Erastus is because of this operating system for the network and we cannot have versioning we cannot have two ice drivers we cannot have a demons to make it safer right and of course the third meaning of Erastus it's more like a wrapper a virtual machine edge it's a condom sort of speak so then we can defined defend versus from spreading because when we think about the value internet or the internet of assets which is coming up a lot of people talk about it related to blockchain is actually we're sharing code peer-to-peer instead of sharing data peer-to-peer which is the last internet with the URL you get webpage now with the URL you get instant programs and to get instant programs of course you need to have virtual machines in response to the spreading of viruses that's why we need this novel new technology to prohibit applications from sending any network packets on their own they have to be delegated to the level s to send messages any network messages so that we hope to raise the bar for DDoS attacks to middleman attacks or to vs. to a completely new level selves we can have a trust to share digital assets so we can get payments or incentives peer-to-peer without intermediaries so we wanna build this decentralized internet then the miners actually are working therefore where simple they want to get incentive fired and that said the mining purpose actually the side effect of it so then we can put up a internet without middleman without those big Internet giant's that's the only way we see currently so then we have to have a yell way to reward the miners which would are doing merge mining with Bitcoin community actually the people who buy the mining machines they can mine a Bitcoin and er a coin at the same time we open true mining by the end of this year 2018 digital asset as I said people are now to realize it's possible to share bitcoins between one another without intermediaries but then in terms of sharing digital assets anything bigger than a number anything you know like a blob of data then we have to share the code as well the code which interprets the data otherwise there's no way we know who is taking advantage of who is manipulating the data that's one way to explain what is digital as has shared our hostel's the second reason we gave is the main chain is very pure and simple it's only for the mining so which is like go standard of the Internet of the whole smart economy and the applications actually on top would have their own settings for example the websites which is build out of consensus instead of build out of just a one organization for that kind of websites or sub ecosystems like we have go standard then we can build some economies and sub economy would have their own tokens or crypto currencies so to speak which is like we have go standard then you have American dollar then you have Europe euros and Chinese yen and so they basically it's a hierarchy right and or not only it's for performance reasons it's also actually true in real life as well the side chains are actually built for sub economies or the sub 10 census or sub websites we're going to have a single public chain which is the lastest ledger public chain but then we do intend to port other smart contracts the virtual machines like an EVM for if your own kind of virtual machines on top of our settings because we don't believe in running smart contracts on the main chain because I believe the main chain should be part of the operating system should be hidden from applications from consumers but then like websites consensus based websites and the sub letters which could be built up sub things with the their own versions of our contracts so we're not going to invent many more of smart contracts on our own we intend to support multiple different versions of smart contracts if you think copper system for example they lookin to support Java C sharp basic see whatever the consumers prefer the operation will will facilitate we are collaborating with big main we are actually jointly developed the so-called merged mining algorithms and merge mining machines so then the same hardware could mine Bitcoin and Alaska's coin at the same time it's also two-bit Maine's interest to support a new smart economy based on this a new Internet is Alaska's internet so to speak so they want to use the proceeds actually the angel investment into the hostels they want set up a fund with that money to support ecosystems in particularly the mining algorithms and and Sachin stays ago we started the very first taps hydro marathon in Beijing we're going to have very simple HAP's coming up in a week or so but then for serious adapts we expect to release the Laszlo's dabs SDK very first version we call it a 0.1 version in August so then we expect to see the ABS in August but then full-blown types of dabs more like similar to Zakia or telegram decentralized as a peer decentralized telegram like the apps probably by the end of the year we are talking to fun Eastern Airlines of Taiwan were also talking with the Bourbon catalyst of London where both of them actually showed interest to use AOA to experiment actually in their business if our eastern airline not only runs a very local regional commercial airline they also because it's a tourist oriented airline they own five-star hotels their own resorts the owner at convenience stores their own franchises in some local areas of Taiwan in China so they wanna experiment crypto currencies in the region in that island caught up on Island actually very tiny tiny island where they can practice right they can try different critical crypto currencies to purchase airline tickets to buy hotel rooms to purchase convenience store foods etc as similarly with urban catalyst they also own cabin owned dormitories at South Bank University of London they also own video studios and we're so then because we're talking about sharing partial videos or to show assets peer-to-peer so they would like to use yoäôre Erastus internet to experiment I see blockchain brings a new bigger tidal wave to the current internet the currently Internet is the internet of data Internet of information we click on a URL or get web page or we share the photos and messages through social networks but the new Internet will be sharing digital assets sharing ebooks selling ebooks peer-to-peer selling movies selling games peer-to-peer which definitely will have much bigger impact to our life than the previous internet so I am very excited to see the combination actually the Internet combined with blockchain technology instead of just the blockchain alone because of the all the sharing all the applications are actually running on the Internet but with the enabler of the blockchain which he was a really like a catalyst right bring the whole thing a reset to a completely new level you international business plan deca 2019 Rabbi Isaac Elchanan Theological Seminary.