Just like the telephone network has a directory in the Yellow Pages, and the worldwide web has Google as a search engine, Elementus is building a global index function for the blockchain.
“Going into the blockchain, a very big, transparent, open network but one that is hard to make sense of and hard to properly use without a global indexing function, which is what we aim to build at Elementus” – Elementus CEO Max Gulka
Although it is important for blockchain technology and crypto transactions to be private so information like banking information isn’t readily available to the world, the blockchain needs some form of transparency. It will be too dangerous for people to get involved if criminals were able to use the blockchain freely and rampantly.
“For blockchain tech, for cryptocurrency to gain adoption there are two things that are strictly necessary: For one, people need to be able to transact privately and not have their information out in the open. What is also necessary is for laws to be enforceable.” – Elementus CEO Max Gulka
Elementus has created solutions that are currently being used by key U.S. government agencies to solve cyber investigations like Russian syndicates, trafficking, and money laundering.
The company bringing comprehension, auditability, and transparency to the blockchain also has solutions used by financial institutions to build the future of finance and commerce on the bedrock of blockchain and cryptocurrencies.
“We work with law enforcement to help them catch bad guys, help them follow the money and see where it goes like ransomware, human traffickers, darknet markets. We also work with financial institutions and other crypto custodians to help protect them from risks, to make sure they are not connecting with any of these illicit actors on-chain and as the ecosystem develops the need to be able to see who you’re interacting with and what’s happening on-chain as being a fundamental need of anybody operating on the blockchain.” – Elementus CEO Max Gulka
Watch the full interview to learn what problems the first universal blockchain search engine solves, the balance of privacy and lack of transparency in blockchain and digital currencies, and future blockchain technologies.
00:00 – Elementus CEO Max Gulka
00:38 – Business overview & value proposition
02:47 – Balance with blockchain privacy
06:45 – Palantir Technologies $PLTR software licensing & data tracking
09:46 – Centralization of blockchains problems
12:10 – Lightning Network “layer 2” crypto payment protocol
14:48 – Elementus customers
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