A Sneak Peek at PHOENIX
Red Pulse bot last edited by
Earlier this week, Red Pulse CEO Jonathan Ha, gave an interview with one of Korea’s top crypto YouTuber’s, Kevin Anh (KillaWhale).
The interview covered a variety of topics, but one thing you may have missed was the Jonathan dropped a few hints as to what’s to come with PHOENIX. At 3:09 of the interview (https://youtu.be/3__JiXrpNaQ?t=3m9s), Jonathan mentioned “Proof of Creation” and “Proof of Ownership”.
It would be very easy to overlook these two points, but they make up two core parts that will be released as part of PHOENIX.
Proof of Creation
Proof of Creation is a feature of PHOENIX that will address one of the largest issues of content creation, and that is the ability to undeniably prove who is the original creator of content that is produced. Through PHOENIX, Proof of Creation is achieved by creating a representative hash of produced content and storing it permanently on the blockchain alongside a creator/owner wallet address and timestamp.
Proof of Ownership
The second feature hinted at was Proof of Ownership. Through PHOENIX, this is done by creating a transfer function that allows the owner to sign and transfer ownership to another entity, identified by another wallet address. Ownership and provenance is verified and auditable by traversing the public blockchain.
Why does this matter?
In the world of content, especially where it pertains to research and finance, information and the sharing of it is highly regulated internationally. In order to comply with these regulations, the industry currently relies on a very opaque and inefficient process. Being able to establish Proof of Creation and Proof of Ownership on a publicly verifiable and immutable blockchain allows PHOENIX to further build features on top of that will streamline this process and protect consumers and content producers.
Tune into the full reveal of PHOENIX at Seoul
We’re less than 48 hours away from the full reveal of PHOENIX. Our Red Pulse PHOENIX Asia Tour — Seoul will start at 14:00 KST on Saturday, July 21st. The event is sold out and we’re expecting over 500 attendees, in addition to prominent guests from media companies such as VICE and CNBC. For those not in attendance, we’ll be hosting a livestream of the event over on our YouTube channel: https://www.youtube.com/c/RedPulseToken
Spots going quickly for Tokyo and Hong Kong
Don’t forget, Red Pulse will also be touching down in Tokyo on July 28, and Hong Kong on August 3. Spots are filling up quickly, so register now to secure your seats!
TOKYO — Saturday, July 28, 2018
Venue: Nagatacho GRID
Address: 2 Chome-5–3 Hirakawachō, Chiyoda-ku, Tōkyō-to 102–0093, Japan
Date: Saturday, 28 July 2018
Time: 19:00–22:00 (GMT+9)
HONG KONG — Friday, August 3, 2018
Venue: Cocoon — Community For Entrepreneurs
Address: 18號3/F Citicorp Centre Whitfield Road, Causeway Bay, Hong Kong Island, Hong Kong
Date: Friday, 3 August 2018
Time: 19:00–21:00 (GMT+8)