Decentralize TRUST

Empower the WORLD

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WHAT WE DO

1.7 billion people have no access to financial services

Five billion more pay too much to a channelized payments industry that charges the global economy over two trillion dollars to complete transactions.  Open blockchain technology offers to disrupt this industry through the property of decentralized trust - you can trust the network, without trusting anyone on the network.  But blockchain hasn't lived up to its promise.  The proof protocols used to secure current networks are slow and expensive. Worse, economies of scale are forcing these networks to centralize. The result is monopoly control, raising transaction costs and destroying distributed trust.

Until now.  TrustWave’s POLARIS technology uses a new physical paradigm to build a proof-protocol with sustainable decentralized trust. Our network can't centralize. Transactions are fast, secure, and orders of magnitude cheaper than rival networks. And they'll stay that way, as the network serves today's market, and scales to meet tomorrow's.

WHY US

$12.6

Billion

1,500 Avg

(Scalable to 50,000+)

Ripple Fee + Bank Fees

$19.5

Billion

15

$1.20

$148

Billion

7

$0.83

$400

Billion

1,500 Avg

(Scalable to 50,000+)

~2%

-

7,000+

(Single Shard)
(Unlimited Scaling)

$0.00001

WHO WE ARE

Paul Image
Paul Chafe
Founder
Paul recognized the problem with current blockchain systems and developed TrustWave's core technologies. He has thirty years experience in technology, from silicon design to integrated systems, and has led several successful startups. He is a graduate of the Canadian Army Command and Staff College.
Dr. Atefeh Mashatan
Cryptography Advisor
Atty is Director of the Cybersecurity Research Lab at Ryerson University. She obtained her PhD at University of Waterloo, and was Senior Information Security Consultant at CIBC. She has multiple certifications and collaborations in cybersecurity.
Dr. Peter Gregson
Systems Advisor
Peter is a Professor Emeritus in the Department of Electrical and Computer Engineering at Dalhousie University, and founced and chaired the Innovation and Design Lab.  He has led several successful startups over 45 years as a tech developer and entrepreneur.
Duncan Cameron
Business Advisor
Duncan is Chief Strategist at Northern Block, Canada's leading blockchain consultancy. He is a graduate of Royal Roads, and holds a BSc in Mathematics and Computer Science from Queens. He has been involved in the launch of over 50 technology companies over a 40 year career.
Estella Yeung
Project Manager
Estella has 22 years of experience in information technology. She is a Chartered Professional Accountant, holds a Certificate in Cybersecurity from the University of Toronto, and also a graduate of George Brown College’s Blockchain program.
Jamshed Qureshi
Blockchain Developer
Jamshed holds a BA in Business from the University of Glamorgan, MSc in Information Technology from the University of Liverpool, Certificate in Cybersecurity from York University and also a graduate of George Brown College’s Blockchain program. He has over twenty years experience in Fintech product development.
Leo Dinh
Blockchain Developer
Leo holds a BSc in Computer Science from HCM University in Vietnam, and also a graduate of George Brown College’s Blockchain program. He is a full stack developer, with experience in interface design and blockchain systems.
Jason Xu
Blockchain Developer
Jason attended the University of Waterloo Electrical Engineering program, and is a graduate of George Brown College’s Blockchain program.  He is an experienced software engineer and has developed on multiple blockchain platforms such as Ethereum, Hyperledger, and Bitcoin Cash.
Taimoor Ahmad
Blockchain Developer
Taimoor is a Research Assistant at the Ryerson Cybersecurity Research Lab, working with TrustWave as part of a MITACS Accelerate internship. He has experience with frontend and backend web development, software testing and blockchain systems.

Blog

Article

Payments: The Disruption of a Two Trillion Dollar Industry

Key PointsThe two trillion-dollar global payments industry is forecast to grow 9% p.a. through to 2022Chinese companies are leading payments innovation and expanding globally...
Article

Scalability Tradeoffs: Why “The Ethereum Killer” Hasn’t Arrived Yet

The popular opinions that the current leaders by market cap are not good enough, and that new projects are offering better features...
Article

The stubbornly high cost of remittances

Despite recent technological advances, the costs for migrants to send money across borders to their families remain extremely expensive...
Article

Swiss-based Agora records first government election on blockchain as accredited observer in Sierra Leone

Sierra Leone’s 2018 presidential elections, which took place on March 7th, represents the first time in history that blockchain...
Article

Global payments 2018:A dynamic industry continues to break new ground

The prominence of payments in the global financial services system has undeniably risenover the 12 years that McKinsey has formallytracked the sector’s dynamics...

Product

Consensus Redefined

Trustwave's payment system and dashboard provide realtime insight into system performance and acts as an enhanced blockexplorer. Users are able to send transactions, and see transactions being posted live across the world.
Learn More

06

FAQ

1. What's your advantage?

1.  What's your advantage?

Our technology enables the POLARIS network.

This is an open, distributed network, capable of fast, secure, centralization-proof transaction handling, at costs orders of magnitude lower than any current system. It is not only the most efficient such network that exists, it is the most efficient network that can exist, for any given level of security and compute efficiency.
Under current assumptions, transactions can be cleared at a cost of $.00003, and finalized under fourteen seconds.  Bitcoin transactions currently cost $.40.
Banks and credit cards average anything from $1.50 up.

2. What does "centralization-proof" mean?

2.  What does "centralization-proof" mean?

Bitcoin and similar networks have value because they have the property of distributed trust. This means you can trust the network without trusting anyone on the network. However distributed trust only works if the network is made up on many independent entities, none of whom control a majority of the network.  Unfortunately, Bitcoin, and similar networks are secured using a Proof-of-Work protocol, and this gives an a steadily growing advantage to larger, more efficient players.  The three largest mining pools now control the majority of Bitcoin, and other Proof-of-Work networks are not far behind.  Similar logic applies to Proof-of-Stake, the other protocol currently used to secure open distributed networks.  The POLARIS network uses a new paradigm, which not only hard-codes decentralization but enables unlimited scaling, and which enables all the computing power on it to be devoted to secure computation.

3. So your network is a cryptocurrency?

3. So your network is a cryptocurrency?

Yes, and much more than this. A major application for secure distributed computing is transaction clearance, and so the ability to do secure, private, peer-to-peer token exchanges is a major positive externality of the POLARIS network's operation.  As we provide the most efficient secure computation physically possible, this is the most efficient currency that can exist, and that's no small thing.  However these tokens are just the fuel for a global market in secure distributed computation.  This can be used to indelibly record data, and to notarize its creation, streamlining insurance and other document driven industries.  It can be used to create self-sovereign identity systems, re-enabling online privacy in the social media world.  That in turn can enable secure content distribution, changing content subscription forever.  It can be even be used to create secondary markets, like a stock exchange that's immune to high frequency trading techniques and non-public front-running.  What we are really offering is Web 3.0, and anything is possible.

4. Who's your customer?

4.  Who's your customer?

A better question is, who isn't.  We offer financial stability to the 3 billion people living in unstable economies, we underpin privacy for everyone who uses social media, we improve efficiency for anyone who uses insurance, and anyone who trades on a market.  We enable middle-man free exchange to content creators and consumers, dirt-cheap accountability across supply chains, and surveillance-free internet search.  At the most basic level, we offer transaction clearance to the 2 billion people who have no access to banking, and much cheaper transaction clearance to the 5 billion who do.  Just this last is a trillion dollar opportunity.

5. How do you do this?

5.  How do you do this?

We're holding our IP close for now, but like all great ideas, it's so simple it's obvious, once you have the right point of view.  Just as the Wright brother's genius was understanding the obstacle to flight was not power, but control, our innovation came from going back to basics.  What does "secure" mean?  What does "decentralized mean? What is a "market", really?  We knew we were on to something when we found questions that neither cryptographers nor economists had answers for.

6. If you're keeping your IP secret, what does open distributed network mean?

6.  If you're keeping your IP secret, what does open distributed network mean?

Distributed trust only has value if it's truly distributed, so open means open. Once we're at network launch we will move to open source, open access, open opportunity.  Anyone can get on the network, anyone can change the code, anyone can use it, for anything they want.  We will continue to improve and update the system, but we will have no special advantage or position in its operation, and we will not be a single point of failure for hackers or other bad actors to target.

7. If it's open, how will you make money?

7.  If it's open, how will you make money?

We're building POLARIS, we're leading its deployment, and we're going to lead the world in its application.  The future is wide open.

Trustwave is platform agnostic, allowing any existing blockchain, distributed ledger, or distributed computation stack to integrate on top of it. This allows an entirely new class of distributed applications to be built on this base layer, disrupting conventional models, from financial and market services, to content distribution, social networking, communications, and distributed computing.
© TrustWave 2019. All rights reserved

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