Innovative projects and startups continue to bolster Canada’s blockchain ecosystem. Now, a press release from Skrumble Technologies outlined how the Toronto-based company is aiming to solve the world’s ‘data crises’ using blockchain technology.
The desire for users to retain more control of their digital lives often drives the push towards democratizing technologies. This is observable in the blockchain industry as a whole, as well as in the decentralized digital currencies that the industry gave birth to.
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“With recent massive data crises, the need for secure data that is owned by users has never been stronger,” said Skrumble Technologies, in a statement. “Facebook recently has had 86 million accounts compromised, over 70 million Telegram accounts have had data leaked, and WhatsApp was hacked in January.”Skrumble Technologies is creating the Skrumble Network, a new blockchain that aims to create the “most secure communications possible.” In addition, the team is developing a decentralized application (dApp) that will purportedly boast features like messaging, video & file sharing, in-app digital currency trading, and smart contracts. Overall, the move is designed to grant global access to a communication system that ensures users retain their data and privacy in a secure way. “Skrumble Network will democratize communication on a global scale and give users back ownership of their own data,” the statement added. According to the team, this proprietary communication technology will improve data privacy and security, allowing users to transact and connect directly with one another.
The newly announced network is the product of Skrumble Technologies, a Toronto-based company that opened in 2014. Today, the company boasts more than 40 employees and several international patent claims. The team is advised by leading industry figures like Anthony Diiorio, the co-founder of Ethereum and CEO and founder of Decentral. Its other advisors include Jeff Pulver, the co-founder of Vonage; Jinius Tu, the CTO of Aion; and Kevin Xu, the founder of Block VC. With the backing of several VC groups and its team of advisors, the company hopes to deliver on using decentralized technologies to give users ownership of their own data. “Decentralization leads to innovative, secure, and advanced methods of information sharing and communication,” the team added. “Decentralized communication will specifically address such issues as data security challenges, the lack of privacy, the ability to be compromised or blocked, and the lack of global access, all of which are typical challenges with centralized communication.”Image credit: Skrumble logo
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