At Dusk Network we strive for transparency as we develop the world’s most complete privacy-preserving blockchain. That is why we are proud to share the Business Review for Q1 2020 with our community. In it, we provide insights into our technical development, commercial strategies, and financial disclosure.
We also briefly touch on the recent COVID-19 outbreak, which has accelerated the demand for privacy-respecting technology and applications. On the 10th of April, Apple and Google shared in a joint-collaboration their designs for a bluetooth based application to track Covid-19 cases. Jennifer Granick (ACLU) said. “People will only trust these systems if they protect privacy, remain voluntary, and store data on an individual’s device, not a centralized repository.”
Fortunately, the Dusk Network team has been unaffected, and we continue our work remotely. We were among the first to close our Amsterdam office as we put the necessary measures and tooling in place to allow everyone to work from home. We changed from a partially-remote to a fully remote company.
If anything, the recent outbreak has made our team even more willing to collaborate on our mission to deliver privacy-respecting technology. We want to reassure that we have lost little time in our preparations and even notice an up-tick in productivity in some of our teams.
We hope you enjoy the report, and please reach out to us on our channels if you have any suggestions or questions.
Dusk Network is the Privacy Blockchain for Financial Applications. A new standard for compliance, control and collaboration. Our mission is to enable any size enterprise to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential. Companies use the Dusk Network blockchain to issue tokens, trade and collaborate via smart contracts.
To put it a bit more technically. At Dusk Network we are developing a fully open source, public, permission-less, privacy-protecting blockchain with smart contract capabilities. Our consensus mechanism Segregated Byzantine Agreement (SBA) includes the first private-POS implementation, and by using our own RUSK Virtual Machine (VM), Phoenix and Zedger transactional models in combination with our zero-knowledge library (PLONK), we enable anyone to create zero-knowledge smart contracts.