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.

 

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.

[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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