It is a pleasure to discuss with you today about Findora's business and the latest developments. These include Findora's recent executive announcement in the area of ​​blockchain technology. Since President Reagan's administration, I have been active in the capital markets and Silicon Valley, and I have seen both Republican and Democratic governments benefit from the innovation economy. I went to Duke University as a kid, where I majored in public health policy, and then went to Stanford Graduate School of Business and got my MBA. At Stanford, I majored in Finance and Social Innovation, and after graduation, I joined Robertson Stephens as an investment banker. Over the past ten years, I have been deeply involved in the field of Internet infrastructure and security. During my tenure at Robertson Stephens, I have maintained close cooperation with John Powers, the co-founder of Findora. I am committed to discovering Internet industry leaders and providing them with financing. , I joined the field of venture capital and served as a managing director at VantagePoint Capital, a venture capital firm that manages $5 billion in capital, focusing on investing in Web 2.0 Internet infrastructure.

All kinds of past experiences finally led me to the field of blockchain, and continue to contribute to the promotion of social prosperity and development. Findora is an organization located in Silicon Valley's cutting-edge blockchain. It was co-founded by financial entrepreneurs, including the former CEO who once managed Stanford University's $25 billion school fund. Findora's core mission is to implement encrypted and regulated applications. And make technological breakthroughs in the fields of cryptography, blockchain and efficient and verifiable data structures. The core product of Findora is a variety of blockchains with advanced encryption technology. As a market leader in the new generation of zero-knowledge proof and multi-party computing technology, Findora has strong distributed system engineering capabilities, and the Internet has provided and supported many industries around the world. Access has been expanded, especially with the help of smartphone technology. Currently, about 7 billion mobile phones are in use.

Having said that, due to the implementation of secure access, we still face high barriers to developing flexible applications and expensive audit reports. The financial services industry has still not kept pace with the expansion of the Internet industry. At the same time, digital currencies and digital payments have quietly gained popularity in many communities, and the next stage in the adoption of blockchain technology will be the authorized use of regulated applications. Such applications will address four critical challenges facing the financial services industry today:

• 1. Rapid changes and increasingly complex cyber attacks lead to large-scale data leakage, and increasingly stringent compliance and privacy requirements, protecting data has become a huge responsibility

• 2. Difficulties in achieving interoperability and standardization among data silos

• 3. This requires users to remain connected to a single vendor or alternate data source

• 4. Developers lack the new infrastructure required for asset issuance, management, and transactions

At the DeFi level, the current situation is still in its infancy, and security and privacy technologies need to be developed to realize their full potential. Due to the lack of privacy protection and security loopholes, the Ethereum DeFi field has gradually become a "dark forest". Malicious transaction front-running behaviors occur from time to time and are increasing. The restrictions imposed by FinCEN and the envisaged private data reporting system are "unusable" The problem at the heart of normalizing a new type of open financial system that aims to open access and drastically reduce the cost of financial services for all", at our core (Findora) is to provide an elegant technical solution that provides Privacy protection and security, while supporting the auditing functions of regulatory agencies, requires advanced cryptography architecture, and also requires the approval and adoption of regulatory agencies and users.

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Today, users and regulators are often concerned about data security, cross-border transactions and the trustworthiness of cloud computing. Just yesterday, President Trump signed an executive order banning US entities and individuals from transacting with as many as 8 major Chinese apps, including Alipay. The large-scale consumer data breach of Capital One in 2019 has shown that not only hacker attacks, but internal employee cases may also endanger data privacy and security, which will cause huge losses to customers and cloud service providers. These are Very unfortunate event. Findora is a solution provider that perfectly solves these problems. It can ensure the security of all stakeholders and enable people to entrust the most critical services and data with confidence, thanks to the latest developments in large-scale distributed systems and advanced encryption technology (especially It is a breakthrough in zero-knowledge proof technology).

The Findora blockchain is built as a trustless data structure with zero-knowledge proofs that can verify all types of transactions without the metadata being viewable by any third party. This means that the Findora blockchain nodes process and verify zero-knowledge proofs of transactions, but the nodes have zero knowledge of the transactions themselves, and only authorized parties can view transactions on block explorers—unlike Bitcoin and Ethereum. The model of anyone can view any transaction is very different.

Since the privacy of the Findora blockchain can be ensured, we can break down data silos: even competitors can transact on the same Findora blockchain without worrying that they will see each other's trade secrets.

Isn't it fun?

These zero-knowledge proof technologies we use are the most advanced and the best transparent algorithms, which cannot be cracked by any computer before the era of quantum computing, and the security is beyond doubt. In addition, the data structure of Findora authentication is comprehensive and secure, including Merkle tree, sparse Merkle tree, accumulator, etc. In addition to the increasing concerns of the United States about cross-border data privacy security, we also observed Increasingly stringent financial and personal data protection regulations around the world have even risen to the level of national security. Examples include the 2018 China Banking Data Regulations, the Singapore Cybersecurity Act, Europe’s GDPR, and California’s CCPA, most of which require financial and personal data to be stored within sovereign physical boundaries. Compared to other blockchains, Findora can achieve this easily because we deploy a zero-knowledge blockchain, and metadata is not stored on-chain, so no sensitive data is transferred across borders, As far as smart contracts and their associated virtual machines and languages ​​are concerned, Ethereum smart contracts are very unprotected, and we are disappointed by DeFi's recent losses.

At Findora, our smart contract mechanism is different. We have developed a domain-specific language for asset operations, which we call Discret. Discret is a smart contract language that people can easily learn and use. It can automatically detect errors, Additional code can be supported while maintaining control and ensuring privacy. Discret is safe by design: it detects vulnerabilities, prevents them from being exploited, and at the same time provides the functionality of a high-level language, the virtual machine is restricted, recursion can be detected, and an error is triggered immediately when the module is loaded. If an error occurs, our atomic transaction will be withdrawn, you can see that our technology has higher security and efficiency, as if it is "tailor-made" for DeFi, we use multiple third parties to audit our code and will be disclosed periodically.

At present, we are cooperating with a group of international payment solution providers, including Chinese enterprises. Findora helps them deploy applications and data nodes to improve their data compliance, which greatly enhances North American merchants' support for cross-border Trading confidence. We see a huge market potential for Findora to be used by banks, insurance companies, and various other financial institutions:

Support interbank capital market transactions through instant settlement, while significantly reducing risk with stronger data privacy and security, and establish a platform for multi-party lending, trade financing, and securities issuance, trading, and operations;

Establish a high-security global payment system with built-in settlement functions. Any other application involving financial ledgers, asset issuers (including game virtual assets) can use Findora to:

• Manage the entire life cycle of digital privacy security;

• Issuance, compliance, transaction and program management;

• Create a liquid, private, and compliant market for alternative assets;

• Whitelist and verify KYC/compliance across relevant territories;

• Assign specific asset policies, taking into account lock-ups, transfer restrictions, and other policies;

Findora is available to all developers:Building KYC, selective identity disclosure, and private payment APIs for onboarding customers without the responsibility of protecting private data opens up the findora public chain to billions of users around the world.

Findora is at the forefront of protecting public data privacy, and we are investing in cutting-edge research. And I am recruiting more research talents in cryptography and economics. I welcome all interested institutions and individuals to work with me and devote myself to this exciting and exciting new era of financial infrastructure. Thanks again for your patience