As we enter the last days of the Elastos Cyber Republic Council’s election period, it struck us that Elastos has changed quite a bit since the last election. Given the ecosystem’s evolution from technology-focused building towards more commercialization and community as well as the introduction of the new Elastic Consensus, perhaps it is worth imagining what an ideal council could look like.

What skill sets, experiences, passions and influences could be focused towards a singular, shared goal of making Elastos the pinnacle of Web3? Here are some of our imaginings, and just maybe you might see yourself in one of these roles. (If you do, be sure to apply for a Council seat)

We Present to you, ‘The Elastos Twelve:’ 

Did we miss anybody? 

Who would you like to see run for Elastos Cyber Republic Council Election?

And if you happen to know anyone who fits one of the descriptions above, have them fill out this form! They can help guide Elastos and be part of the future of Web3.


The article and graphics were created by the Elavation Team.

Partnership looks to explore building the leading talent platform for web3.

Today, Elastos is proud to announce the signing of an MOU with Morfyus, a talent marketplace and enterprise services platform on Web3 for Web3. Morfyus provides talent with the tools and resources to monetise their time and skills in both casual and skilled work in leading tech and web 3 projects. Through the collaboration, Morfyus intends to explore how Elastos’ open-source Web3 technology stack can support their efforts to build the next “upwork” for the Web3 industry. The preliminary partnership will examine the potential of implementing Elastos’ decentralized identifiers (DIDs), which could be used to support the empowerment of decentralized workforces, to organize and monetize their skills while maintaining trust and ensuring quality for customers and clients. 

Through the partnership, Morfyus and Elastos agree to explore Elastos’ range of identity SDKS for single sign in and verified credentials, as well as identify if solutions such as the Elastos Identity Chain and Hive decentralized storage can support self-sovereign management of Morfyus’ community’s identities and credentials. 

To further celebrate the partnership and the recent transition to its new Elastic Consensus, Elastos will collaborate with Mofyus’ NFT artists to create a limited NFT collection on the Elastos Smart Chain available through Elacity and Pasar marketplaces. More details will follow in the coming weeks.  

“Morfyus is a community of innovators, creators, and entrepreneurs working together to democratize talent monetization and unlock scalable solutions for businesses,” says Johnny, CEO and Co-Founder of Morfyus. “We’re looking forward to learning more about Elastos’ suite of open-source, Web3 solutions, and how they could potentially provide us with the tools we need to ensure our platform benefits both the talent on our platform and the clients who hire them.” 

Morfyus – the future of work and play 

Want to know more about Morfyus: 

By the Numbers

Morfyus services include: 

“Elastos is growing rapidly after five years of quietly building out a fully-functioning open-source Web3 technology stack. Now we are snapping back and excited by this partnership as it works on multiple levels,” says Elastos Growth Officer, Fakhul Miah. “We’re excited to work with Morfyus to explore our technology as we explore how Morfyus, with the skills of its thousands of creators and developers, can support our ongoing growth.”

 

Find Morfyus:

Website: https://www.morfyus.com/

Twitter: @morfyusofficial

Facebook: https://www.facebook.com/morfyusofficial/


The article and graphics were created by the Elavation Team.

 

Witnet, a layer 1 decentralized oracle network and Elastos are partnering in an effort to build on Elastos’ transparent and secure financial suite for true decentralized trading, staking, lending and bridging on and off-chain through technology exchange and the extension of Witnet Foundation’s grant program. 

Witnet‘s oracle will add a crucial component for developers looking to build the next generation of decentralized financial products with fast, affordable and efficient transactions, leveraging Elastos’ dual-chain architecture, identity solutions, Essentials super wallet and unique Elastic Consensus.

Elastos Smart Chain (ESC) is already receiving the ELA/USDT price feed from the Witnet oracle and through the partnership, developers can also easily receive other feeds in a permissionless way, utilizing different internet protocols like HTTP GET and POST to receive any publicly available API fed into their contract. These tools give developers building on Elastos immense power to both improve upon their protocols and build additional ones for new use cases. 

And to encourage developers to build the next DeFi platforms on Elastos, the Witnet Foundation is extending its grant program to developers building within the ecosystem. 

“Elastos is a very exciting and unique ecosystem in the web3 world and this collaboration allows developers to expand their protocols beyond typical EVM chains and gain true security from Bitcoin’s incredible hashrate and Elastos’s unique utilization of it,” says Ben, community manager for Witnet. “With cryptoeconomic security at the forefront of this partnership, Elastos developers can be sure they are getting security from the Elastos chain, and secure data into their contracts from a separate layer 1 that is Witnet.”

Take Control of your Financial Destiny

Powered and secured by the cryptoeconomic incentive of the $WIT coin, the Witnet network was purpose built to tackle the lack of authentic, truthful, and secure data available within closed systems like in blockchain. Witnet tackles this problem with its sophisticated consensus algorithm called Proof of Random Eligibility. This means that nodes are essentially anonymously and randomly selected based on their previous performance within the network and how honest they are. This prevents node collusion and front-running and negates common exploits in DeFi protocols caused by oracle attacks.

According to Witnet, it is the most secure oracle network in Web3 because of its advanced measures to protect DeFi protocols that rely on secure, immutable data feeds in their smart contracts. This is why the Witnet oracle is able to secure over $300,000,000 in on-chain value.

“Witnet is a top pricing oracle with a unique consensus that ensures it is one of the most secure in the industry. That’s not unlike Elastos, with our Elastic Consensus, and our industry-leading Main Chain that uses merge-mining technology of the Bitcoin blockchain to exponentially increase security,” says Fakhul Miah, Elastos’ Growth Lead. “So with access to a top industry pricing oracle and Elastos’ full suite of decentralized technologies for DeFi, as well as Witnet’s generous grants program, this partnership will usher in new opportunities for users to forge their financial destinies.”


The article and graphics were created by the Elavation Team.

EP 1 – Who Controls Your Digital Destiny?

In our first Twitter Spaces, we asked ‘Who controls your digital destiny’, setting the stage for an ongoing series of discussions with Web3 industry leaders from around the world who helped identify many of the aspects we anticipate will become critical to the success of Web3. The idea was that from this first discussion, additional Spaces could then delve deeper into each key component, with the aim of determining practical, actionable goals we can adopt together to help build the future we want to see.

We had a great panel: 

Though our first session wasn’t recorded, we did capture a list of essential components that need to be explored if we as an industry want to forge our own digital destiny. They were: 

This discussion only scratches the surface. If the community has any additional points to include in the above list, please share in the comments. We hope to address each in future Twitter Spaces as part of our ongoing series….

…which is exactly what we did!

Ep 2 – Digital Destiny: Decentralized Identifiers

In our second panel, experts came together to discuss the crucial question: Why does identity matter in Web3? Despite some more technical glitches with this session, the conversation delved into various aspects of identity and its role in the emerging decentralized digital landscape. However, unlike the first session that was purposely broad, in this session, we focused on practical applications and more specific benefits of different technologies and to capture actions to help compel the industry to experiment, build and utilize DIDs

Our panel this time included: 

Here are the key takeaways from the discussion:

  1. Identity as a fundamental aspect of human interaction:
    The panelists highlighted that identity is not just important, but essential for human interaction and connection. Everyone has an identity since birth, and it shapes our interactions with the world around us. None of us have a digital destiny without a secure and self-sovereign identity. 
  2. Kim Cameron’s Seven Laws of Identity:
    Evin recommended listeners read Kim Cameron’s Seven Laws of Identity, a one-page guide that helps minimize risk and harm to individuals in the digital world. This document serves as a foundation for understanding the importance of identity.
  3. The inadequacy of current digital identities:
    The panelists emphasized that current digital identities in the connected Metaverse are not suited for human beings, as they are based on the atomic unit of Web3 – a public key, not a person. Our identities should encompass more than just our financial data and wallet contents.
  4. The need for decentralized identity: The panelists discussed the importance of decentralized identity solutions that allow individuals to express their full range of identities in a secure and privacy-preserving manner. Decentralized identity empowers individuals with greater control over their personal data and offers more robust ways to participate in the digital economy. 
  5. Verifiable credentials and zero-knowledge proofs: Otto described the need for identity tech to enable people to natively switch between profiles, and also be able to present credentials that were issued to any of these profiles. He gave the example that a person may choose to have a completely different gaming profile as opposed to their banking profile and that through the usage of zero-knowledge proofs, you should be able to demonstrate that you own a credential without needing to tie it to a specific identifier, which is sort of the problem with with some of the verifiable credential formats out there that they force you to reveal the identifier to whom that credential was issued. This is something that Polygon ID and Elastos DID can do.
  6. Different identity technologies need to work together: Panelists discussed the use cases of DIDs vs naming services such as .ETH or .ELA and the myriad number of different experimental DID approaches that are covered under W3C. It was generally agreed that it isn’t about one or the other but that the industry needs to work towards standardizing the application of different technologies for different use cases and that they should work together seamlessly. 
  7. The role of identity in building an equitable Web 3.0: In conclusion, the panelists agreed that decentralized identity is a vital component of Web3 and necessary for building a more equitable and user-centric internet. It enables individuals to enjoy richer, more meaningful experiences in the digital world, moving beyond the limitations of current public key-based identities.

The panel’s insightful discussion provided a deeper understanding of the importance of identity in Web3 and emphasized the need for continued innovation in the field of decentralized identity solutions. By addressing the challenges of digital identity, we can work towards a more inclusive, secure, and connected future that ensures each of us can forge our own digital destiny.

Check out the session recording.


The article and graphics were created by the Elavation Team.

We’re thrilled to announce that Elastos is partnering with Web3 security tool Opolo who will deploy Elastos’ open-source Web3 solutions to develop enhanced security and identity mechanisms for the Opolo ecosystem. With the only blockchain dedicated to secure, interoperable, self-sovereign identities and credentials, Elastos will provide Opolo with W3C compliant decentralized identifier (DID) solutions, decentralized storage and credibility scoring while dApps and other services will be made available through Elastos’ Essentials Web3 pass.  As web3 transforms social interaction it becomes clear that a solution to digital identity is at the heart of shaping truly secure crypto payment and identity solutions.

The partnership will allow users to store, transfer and manage Elastos native tokens and assets such as NFTs while also providing access and use of the Opolo Cold wallet and other services directly from the Essentials dApp browser with the opportunity to create custom widgets for use in the Web3 pass. The programme will also integrate the CreDA credit identity and scoring mechanism into the Opolo offer to allow next generation credit scoring and access to better interest rates and lower levels of collateralisation for Opolo users. 

Some of the key benefits of the partnership will be that Opolo users can automatically create and manage self-sovereign DIDs, with support for KYC, verifiable credentials and contact lists. Through Essentials, users will also be granted access to free de-centralized cloud storage. As a native wallet and Web3 pass, Essentials fits well within Opolo’s strategy to become the security tool for web3 and crypto usage.

Elastos and Opolo logos.

Fakhul Miah, Elastos’ head of growth added: “In many ways, we share a similar journey having engaged with the need for decentralized security it has become clear that identity and management of DID sits at the heart of a security solution.  Elastos has been quietly building a full suite of open source, decentralized technologies for identity, however, security and keeping ahead of threats is our number one priority in evolving the platform. Making sure communication, data storage and commerce are fully secure means the next generation of creative platforms, financial services and business processes enables users to safely and securely forge their digital destinies.”

Dr Fahad Fazal, Opolo Founder says, “With the advent of advanced hacker tools, malwares, viruses, it’s pretty easy to steal digital assets such as NFT or digital identities, so there is a huge need to secure digital assets and digital identities in this era. Thanks to Opolo cold storage technology we can achieve it with a single touch. We are happy to collaborate with Elastos and build together an infrastructure that can achieve this common goal of secure digital identities.”

It was this shared vision for a more inclusive and equitable Web3 financial system that brought Opolo and Elastos to partner together.  Moving forward the ability to integrate with Elastos projects such as CreDA’s  alternative web3 credit rating and Elacity’s Digital rights management approach to NFTs and other content stored on the Wallet creates a host of new Web3 tools.

 

About Opolo

Opolo is a leading provider of cold wallet and security solutions to businesses and consumers in the field of Web3 cyber safety. By really getting to know our customers, our talented team is able to offer unique and customized Web3 security solutions backed by data driven analysis and broad research.

Opolo is making the most secure products in the field of data security. Our vision is to create products that can help solve big problems and challenges in the field of security. One of the major challenges of Web3 era is protecting digital assets against exterior threats. While solving this challenge our aim Is to achieve the products that are very smooth and very easy to use for our customers. 


The article and graphics were created by the Elavation Team.

Lifty.io – a Web3 gaming platform that focuses on providing transparent game analytics, personal game tracking and leaderboards as well as access to gaming tournaments and a vibrant gaming community has announced a strategic partnership with Elastos. This partnership is aimed to enrich the experience of Lifty users by providing access to the cutting-edge technologies developed by Elastos. 

The partnership will see Lifty explore Elastos’ technology stack, including Decentralized Identifiers (DIDs) for bolstering their player profiles, Digital Rights Management (DRM) for its NFT marketplace and content creators, and CreDA’s credibility oracle for its tracking and rewards program. Both parties will identify and offer cross community benefits and co-marketing opportunities.

This announcement follows a recent partnership announcement with another Web3 gaming platform, Build It Merchants, further demonstrating Elastos’ efforts to create a more equitable, self-sovereign experience for content creators, including Web3 game developers and gamers themselves.  

“We’re very excited to welcome Lifty to the Elastos ecosystem. We’ve worked hard over the last 5 years to build the infrastructure to support creative entrepreneurs and makers looking to build the next generation of content platforms, games, social networks and marketplaces,” explains Fakhul Miah, Growth Lead for Elastos. “With our industry-defining DRM, DIDs and decentralized peer-to-peer technologies, creators can leverage Elastos’ censorship-resistant infrastructure and open-source tech stack to monetize their own content, protect their data and their intellectual property.”

Projects like Elacity provide an enticing example of the future of Web3 creator economies through the application of decentralized storage, identity and rights-managed NFTs as well as the integration of generative AI. 

Additional partnership details will be provided as the collaboration evolves in the future.


The article and graphics were created by the Elavation Team.

[UPDATE] Alibaba Cloud and Elastos have announced their joint webinar exploring how the partnership can unlock new opportunities for developers looking to build the next generation of decentralized applications. Join us on Tuesday, May 30! Register here.

Alibaba Cloud and Elastos have entered into a strategic partnership that will see both organizations build and deploy next generation solutions for a more inclusive and secure internet–including innovations like Elastic Consensus that brings together proof of work, proof of stake and proof of integrity mechanisms, as well as Elastos’ open-sourced Digital Rights Management technology.

The partnership with Alibaba will include the development of one-click tools that allow users to seamlessly launch validator nodes on Elastos’ blockchain platforms, including the Elastos Mainchain, one of the most secure blockchains in Web3 powered by Bitcoin, the Ethereum-compatible Elastos Smart Chain (ESC) and Elastos’ unique Elastos Identity Chain (EID), which is the only public blockchain dedicated to secure, interoperable, self-sovereign identities and credentials.

This integration will not only allow Elastos developers to use Alibaba Cloud’s node-as-a-service offering, but will also allow Alibaba Cloud to offer its 2.3 million customers one-click deployment solutions and a backend AppStore using Elastos’ open-source Web3 technologies, including decentralized identity (DID), storage (Hive) and peer-to-peer communications solutions (Carrier).

“We’re excited to be partnering with Elastos to provide a more safe and secure web experience. We share Elastos’ values to further spur the adoption of open-source technologies and create new web experiences that give users the ability to manage their own data and privacy. Elastos has an impressive Web3 tech stack and through this strategic partnership, it will be easier for Alibaba Cloud customers to expand their products and services in the decentralized web, while ensuring the security and flexibility of their data that they’ve come to expect from Alibaba Cloud solutions.” – Michel Cui, Head of Web3 Business at Alibaba Cloud

Together, Elastos and Alibaba Cloud are working to create a new digital landscape that is secure, scalable, and user-centric. By combining the power of blockchain with the cloud capabilities of Alibaba, Elastos is paving the way for a more innovative and decentralized future. 

This partnership aims to create a more secure digital space while addressing challenges of scalability and interoperability. Innovation is at the core of both companies’ work, and bridging the gap between our industries is just the tip of the iceberg of what we can achieve. Though collaboration between centralized cloud computing and a decentralized blockchain may seem counterintuitive, a hybrid approach to storage can provide the best of both worlds, allowing Elastos to maintain control over its data while also benefiting from the advantages of Alibaba’s infrastructure.

Below, we will explore the potential of this partnership and examine how it could revolutionize the way we think about digital assets, data security, and the future of web3.

Combining Cloud with Decentralization

While decentralization and cloud storage offers different benefits and drawbacks, Elastos’ partnership with Alibaba Cloud has raised questions on whether it is possible to use a cloud storage provider without sacrificing decentralization. Concerns about decentralization are a common issue among a number of blockchains, especially those that partner with large, centralized companies like Alibaba to host their networks. 

Decentralized vs. Cloud 

Decentralized storage offers a distributed network of nodes that store data, providing increased security and privacy over data. With no central point of failure, decentralized storage, such as is offered by Elastos through it’s Hive solution, can be more resilient to cyber-attacks and data breaches, and it is not owned or controlled by a single entity. It also allows for greater accessibility, as users can access their data from any node in the network, eliminating the need for a centralized server or storage device. 

On the other hand, cloud storage uses remote servers and centers to store data, which can be accessed from anywhere with an internet connection. Cloud storage offers scalability and cost-effectiveness by allowing users to pay for only the storage they need and easily scale up or down as their data needs change. However, because of its centralized nature, cloud storage can be vulnerable to attacks if not properly secured. Additionally, data stored in the cloud can be subject to data privacy regulations and may be subject to government surveillance or other forms of monitoring.

Meeting in the Middle

A hybrid approach must be taken to achieve decentralization while also leveraging the benefits of cold storage. By using a decentralized network to store and manage data while utilizing cloud storage for backup or additional capacity, Elastos can maintain the benefits of a decentralized approach and tap into Alibaba’s resources simultaneously. 

Ultimately, a hybrid approach provides the best of both worlds, allowing Elastos to maintain control and privacy over its data while also benefiting from the advantages of cloud storage.

What Alibaba Means to Elastos

Alibaba Cloud and Elastos have entered into a strategic partnership to improve scalability, security, and innovation, enabling Elastos to access the computing resources required to run its network. Without sacrificing decentralization, this collaboration marks an important time in both web3 and Elastos’ history by forging an alliance with one of the top cloud providers in the world to expand the mission. 

Scalability

By partnering with Alibaba, Elastos can access the computing resources needed to run its network, reducing the load on individual nodes and increasing the processing speed of transactions. It can also provide a more reliable and efficient network that can handle a high volume of transactions, making it easier for businesses and individuals to adopt.

Moreover, the partnership could lead to the development of new products and services that can leverage this newfound scalability. For example, the work could enable the creation of new decentralized applications (dApps) that require high processing power and computing resources. This partnership opens up  new opportunities for businesses and entrepreneurs to build their own decentralized applications on the Elastos network, leveraging the scalability and reliability of the Alibaba infrastructure. 

Security

Partnering with Alibaba Cloud can improve security for Elastos in several ways:

Innovation

This partnership opens up the door for new chances to innovate in the web3 space in a number of opportunities:

“We’re proud to be partnering with Asia’s largest cloud provider. For five years, Elastos has been quietly building the foundations of Web3 and a more modern internet. With a full suite of open source, decentralized technologies for identity, security, communication, data storage and commerce, the Elastos ecosystem is fostering the next generation of GameFi, NFTs, and other assets and records onchain. With this strategic partnership, Elastos will be able to grow its ability to advance people’s right to forge and control their digital destiny.” – Fakhul Miah, Elastos Growth Lead

Conclusion

The strategic partnership between Alibaba Cloud and Elastos represents a significant step forward in the quest for a more secure, scalable, and user-centric digital ecosystem. By combining the strengths of blockchain and cloud computing, this partnership offers a hybrid approach that allows Elastos to maintain control over data while benefiting from the advantages of cloud storage. 

The collaboration creates new opportunities to expand the mission of decentralization. With Alibaba Cloud’s expertise and Elastos’ vision, this partnership has the potential to revolutionize the way we think about digital assets, data security, and privacy, paving the way for a brighter future for all.


The article and graphics were created by the Elavation Team.

Today, we’re happy to announce that the OTSIT Group, Asia’s sustainable community builder and Elastos have entered a strategic partnership to deploy Elastos’ open-source Web3 solutions throughout OTSIT’s housing projects across Southeast Asia.

With the only Blockchain dedicated to secure, interoperable, self-sovereign identities and credentials, Elastos will provide the OTSIT Group with W3C compliant decentralized identifier (DID) solutions, decentralized storage and personal credit scoring across their property developments.

Through the partnership OTSIT community residents will be able to automatically create and manage self-sovereign DIDs to log and track activities ranging from education to environmental behaviour, and map them to incentives such as enhanced credit ratings or access to other exclusive services. In all cases, citizens themselves will own and control access to any data and its corresponding use for other services via a mobile super dApp, Essentials.

In addition, Elastos’ DID solutions will be employed to track and verify each community’s environmental impact; the levels and efficiency of recycling, the re-use of resources as well as overall emissions levels which can then be analysed and compared those of other OTSIT communities across the region.

George Attewell, the OTSIT Group’s Founder and CEO explains that Web3 can play a unique and central role in shaping – and, importantly, measuring – projects that are genuinely sustainable.

“This is the essence of what we call ‘ComTech’; the power of ‘community technology’ to build, not only greener, but more self-sustainable lives for those who engage in our projects – from inclusive educational schemes to re-training and circular economics. Web3 provides for the first time the kind of tools to make these community solutions a reality; from incentivising participation to objectively tracking results. In short all three aspects of ESG – environment, social and governance can all be delivered through this radical and empowering approach to housing, technology and community,” he says.

 

“This is the essence of what we call ‘ComTech’; the power of ‘community technology’ to build, not only greener, but more self-sustainable lives for those who engage in our projects” – George Attewell

 

Indonesia is the first country in which OTSIT Group’s vision to build 5 million homes and communities throughout Southeast Asia over the next 15-20 years will be established.

“We are literally creating a ‘new suburbia’ for the region’s hardest-working and most productive communities, whose neighbourhoods have – all too often – been unplanned and the result of economic necessity, rather than social or environmental consideration. Such Web3 solutions effectively supercharge our ability to activate and incentivise such communities for the benefit of all.”

“Elastos continues to champion Web3’s adoption around the world through innovative collaborations with partners that truly believe in the power of new technologies to provide opportunities for greater global equity,” says Fakhul Miah, Elastos’ Head of Growth.

“In many ways, we share a similar vision to the OTSIT Group. For five years, Elastos has been quietly building a full suite of open source, decentralized technologies for identity, security, communication, data storage and commerce to help foster the next generation of creative platforms, financial services and business processes that allow true self-sovereignty and lets users forge their own digital destinies. This partnership will be a great demonstration of our shared visions can be implemented in a way that protects, not only people’s identity, but also the planet,” he said.

As the project rolls out, both partners are also committed to extending further benefits of Web3 directly to the communities involved.

“The potential opportunities extend beyond monitoring and incentives. At the heart of Web3 is the idea of participation through structures such as decentralised autonomous organisations (DAOs) which will enable citizens to play an active role in decisions impacting their communities, while providing 100% transparency for how these decisions are made,” adds Fakhul.

 

About the OTSIT Group

The OTSIT Group is a comtech specialist, using next generation technology to create sustainable, urban communities across Southeast Asia.  Indonesia is the first country in which the Group’s vision to build 5 million homes and communities throughout the region over the next 15-20 years will be established.

Communities will include schools, smart water treatment facilities, micro-solar community solutions, floating solar solutions, hydrogen energy plants, electric vehicle (EV) charging facilities all powered by solar stations, in addition to permaculture, healthcare and wellbeing services and shopping centres.

OTSIT will create potentially ‘true zero’ carbon standards utilizing latest technologies – including Web3 – as well as an international-class waste management, collection and re-use programme. The aim is to reduce landfills and transform waste into hydrogen and biomass fuels, while OTSIT’s own plastic waste management system will help reduce the levels of plastic currently being discharged into local rivers and oceans; an acute issue in Indonesia and much of the region.


The article and graphics were created by the Elavation Team.

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