The Internet ranks as one of the core examples of the pinnacle of human advancement. It is arguably one of the most important inventions of the modern age. Just the way the invention of the wheel catapulted human civilization to new heights in the days of hallowed antiquity, so has the Internet managed to usher in a new dawn. This new epoch has brought along with it the ability to make the world more connected than it has been in recorded history. Information can be transmitted across thousands of miles in the blink of an eye.
The backbone of the Internet revolution is information. In fact, the entire evolution of the global communication system that has culminated in the emergence of the Internet has always been about fast and efficient ways to transmit information. As a result, it is difficult to put a price value on information. For this reason, the pioneers of the Internet envisioned a system where information would be for all intents and purposes, free. However, the reality on the ground is totally different from the early days of the Internet. This has led to the emergence of privacy concerns that continue to plague the global information system. P2P Solutions Foundation has devised an intuitive solution for this problem and that solution is the subject of this article.
With the centralized nature of the Internet today, it might be difficult for some to realize that the pioneers of the Internet actually designed a decentralized framework for the Internet. Early Internet protocols were decentralized. Today, information flow is highly centralized with large corporations and governments in charge of the dissemination of information. As a result, digital privacy is something that doesn’t quite exist.
Information exchanged over the Internet is not private. Even with the so-called encryption protocols in use today, server administrators still have viewing access to files being transferred from one point to another. Even information exchanged on private networks such as corporate intranets aren’t still secure. For this reason, confidential information that is transferred digitally is always at the risk of being viewed and/or intercepted by “third-parties.”
Not all of this third-party interference is in the form of hacking or stealing of private data. Information is the digital currency. It is what tech companies have monopolized in order to monetize the Internet to make profits. Targeted ads, for example, come as a result of these centralized information monopolies piggybacking into the private digital activities of Internet users. Even if this might seem benign to you, it has the potential to become a dangerous phenomenon. If there was a digital constitution, digital privacy would be among the first few amendments.
The Peer-to-Peer Solutions (P2PS) Foundation is a decentralized platform that enables the secure digital transfer of confidential information without any third-party interference. It is an implementation of a robust peer-to-peer system that offers security and privacy. It is the brainchild of the P2P Solutions Foundation in association with ELI and ISI.
The platform has the potential to be integrated with a number of processes across banking, financial, medical, and government institutions. The fidelity of corporate networks continues to be of great concern to all stakeholders in the industry. With the number of high-profile hacks that have occurred in the last few years, it is imperative that corporations and government adopt a more robust solution framework.
There are three core focus areas for the P2PSF technology. These areas are:
Rather than breaking the wheel and trying to revert the Internet to a more decentralized state, P2PS wants to create a bridge between centralized services and P2PS protocols. This involves creating a point of integration between centralized networks and P2PS platforms. As a result, centralized digital services will be able to utilize the P2PS framework at their own local P2P platforms i.e. a P2PS platform embedded within a centralized network architecture.
Even with traditional P2P network architecture, there might still be certain barriers to implementing the P2PS framework. The focus of the P2PS, in this case, will be to create easy to use tools that will allow decentralized protocol users to integrate with the P2PS system.
In keeping with the highly incentivized nature of the digital economy, the P2PS system will also be implementing an effective rewards system that provides incentives for using the protocol.
The P2PS token is the native currency of the P2PS system. It is the means by which users can participate in the interference-free P2PS ecosystem. All payments rendered to merchants within the P2PS system will be made using this token. With the participation of both ELI and ISI in the P2PS ecosystem, the value of the token has been strengthened significantly. The token is ERC20 compliant which means that it can be stored on any ERC20 standard wallet. The P2PS ICO began in December of 2017 and is expected to carry on until the end of February 2018. The P2PS tokens can be bought using Bitcoin, Ether, Litecoin, or Bitcoin Cash.
Jameel Shariff is the CEO of both Electronic Leaning Inc. (ELI) and Innovative Solutions International Inc. (INI). Jameel has both Bachelor’s and Master’s degrees in Business Administration, graduating Summa Cum Laude on both occasions. He is also a consummate cryptography and blockchain professional having undertaken a number of courses in both fields over the years.
Waleed Aloriny is an expert IT and Telecoms professional with many years of experience in both fields. Over the years, he has gathered tangible experience and demonstrated expertise in network designing for both voice and data services as well as information and telecoms security.
Amos Henry Jr. is the Chief Business Development Officer of the project. He is a serial promoter of businesses all over the globe. He is also a skilled business negotiator with influence in many parts of the world.
Other members of the team include Faris Azam (Senior Project Manager), Shino Thomas (Project Engineer), and Sean Kirtz (Marketing Specialist).
The P2PS project is addressing a real need in the digital landscape and as such, it has the potential to become a big thing in the industry. The collaboration with both ELI and INI stands the project in good stead. The fact that the ICO isn’t being used as crowdfunding to kickstart the project is also another unique quality of the project. The P2PS framework is already a functioning protocol that has been implemented in both INI and ELI operations. This potentially has the ability to create a great deal of investor confidence in the project.