Our new Disruption by Blockchain series aims to highlight companies that are leveraging the incredible potential of blockchain technology to disrupt and revolutionize their industry. Through one on one interviews, we'll speak directly with industry leaders to cut beyond the hype and get directly to the heart of practical use cases and examples of how it will change the world, one industry at a time.
The following is an interview we recently had with David Gobaud, CEO of Mobius Network.
1. What’s the history of Mobius Network? How and where did you begin?
DG: Mobius began in Silicon Valley when I started to experiment with Ethereum Smart Contracts and ERC-20 tokens. I saw how hard it was to create a token and integrate it into a game. I then realized many companies interested in making a token were reinventing the wheel so that led to our first product the Stripe for Blockchain API. Then it grew into the DApp Store and as we did more research we became interested in data. We then developed the idea for the Decentralized Data Marketplace, hired our head of research and protocol design and Stanford Ph.D. dropout Monis Rahman, and filed patents for our Proof of Stake Oracle Protocol (PSOP).
2. Who are the founders and key team members?
David S. Gobaud
Stanford University, B.S., Computer Science. Harvard Law School, J.D.
Past: Co-Founder, Yoshi. White House. Y Combinator.
Cyrus S. Khajvandi
Stanford University, B.S., Biological Sciences, with Honors. Past: Co-Founder & CEO, Incentru.
Advisor to Credo & BitBounce.io. Early Adopter of BTC, ETH/C. NSF & HHMI Researcher.
Stanford University, Ph.D., Computational & Mathematical Engineering (on leave).
Auction & Market Design, Deep Learning, Big Data. Past: CTO, Next 2 Percent. Purdue, B.S. Computer Engineering.
3. What problem are you solving? Who are you solving it for?
DG: The big problem we are solving is securely getting data into the blockchain ecosystem. Data is the new oil and the Mobius Proof of Stake Oracle Protocol (PSOP) enables global data commerce through the Mobius Decentralized Data Marketplace (DDM) which is analogous to a NASDAQ for data. Specifically, the Mobius PSOP allows companies to securely put data up for sale on the blockchain based Mobius DDM thus allowing fast and secure global data commerce to take place.
4. What is your solution to this problem?
DG: Mobius' Patent Pending Proof of Stake Oracle Protocol reduces the Blockchain Oracle Problem into an oracle-arbiter consensus & coordination protocol. Our Proof of Stake Oracle Protocol is designed using a tiered federated byzantine agreement system that minimize trust and allows for the coordination of chains of events (data transfers) between multiple parties unlike current solutions which are akin to internet certification authorities and only coordinate single events between two fixed end users drastically limiting the use cases of such implementations.
Mobius' protocol allows participants to select trusted oracles from indexed listings in our market of competing oracles and then automatically builds tiered slices attaining quorum that are capable of attaining consensus while minimizing trust. Oracles compete on quality and are segmented into tiered levels in order to overcome the market for lemons problem and provide a transcendental quality differential. Consensus solutions at equilibrium exist inside the Shapley-Shubik core and limit collusion amongst oracles. The protocol is designed to protect against Sybil attacks and functions even under a coordinated 51% attack. The most important feature of the protocol is this asymptotic fault tolerance & security which guarantees ease of scaling due to Metcalfe's law. In fact, our decentralized network of oracles become safer to use, with ever lower levels of trust as we scale up.
5. Why is your industry ripe for disruption?
DG: Because no one has found a scalable way to get data securely into the blockchain ecosystem to enable decentralized data commerce – that is what we do.
6. What’s the future of your industry?
Prediction #1: Cryptos become common place for consumer transactions.
Prediction #2: Multinational companies start using blockchain to transact.
Prediction #3: A global decentralized data marketplace develops.