Brock Pierce Interview Series #3: IPSE Helps to Reconstruct and Empower a New Relations of Production Globally

March 23rd, 2020 at 4:33 pm UTC · 5 min read

In recent years, blockchain-centric technology clusters have moved to industrial applications. Among them, blockchain has become the most revolutionary and innovative technology due to its decentralized and distributed core concept and the promotion of fairness. Regardless of the economic, financial, and social aspects, blockchain with a distributed core concept, will be used as the underlying infrastructure to reconstruct and empower the global economy.

As a pioneer of the distributed economy, the IPSE distributed search engine has drawn the attention of blockchain industry leaders and international top investment institutions. In the latest interview, Brock Pierce, Chairman of the Bitcoin Foundation and IPSE Strategic Advisor, expressed his high recognition and expectations for the IPSE team and distributed technology.

When Brock was asked his opinion about the key to the success of the IPSE project, and why is he optimistic about IPSE.

Brock said:

“I fall in love at first sight. I’m one of those, you know, sort of types, I do confirmatory diligence. I believe in distributed storage, and I believe in concepts like IPFS which they are leading the charge. I believe in distributed storage as well as distributed search and the applications that can be built around it. So I’m a philosophical believer in the idea. And how do I pick those people attempting to solve these problems? In this particular instance, it’s through the people that brought it to me. I believe in the people that have been supporting this project and I see tremendous value to humanity and society for things like this being successful, so I hope they succeed.”

The founding team of IPSE has a solid technical background and industry resources. It has worked in the field of blockchain technology, distributed computing, artificial intelligence, and big data for many years. The core members have held important positions in companies such as Google, Baidu, Microsoft, Yahoo, etc. The potential of the IPSE ecology is also stimulated under the cooperation and complementary of team members, which jointly promote the rapid development of the project, occupy the next-generation value Internet traffic entrance, and vigorously promote the arrival of the blockchain and distributed economy era.

 When it comes to the distributed storage technology, Brock held the view that:

“I feel pretty strongly that just distributing everything, maybe not all things should be distributed immediately, and there is a sequence of advance. But the decentralization or the distribution of systems created more resilient environment, I do believe it serves humanity in many ways. I think that storage is one of them. I’m a big believer or fan of IPFS, and it’s a sub-set of those things, things like IPSE and search, should be something where the power of such things are back in the hands of people. And so, IPSE and IPFS, I think as a believer in humanity, someone that believes it bringing the power back to people, that’s something we should all support, so I’m here to support it, to see if we can create a future reality where we all benefit.”

The more detailed the division of labor, the deeper cooperation is needed. And exchange and cooperation are the prerequisites for a more detailed division of labor. These two promote each other. In this sense, distributed storage technology is a revolution in digital economy industry, which will inevitably bring a major change in the productivity of the data industry. Distributed storage technology has greatly reduced the exchange and cooperation costs between global miner nodes, greatly promoted the further refinement of division of labor, and thus led to another round of large-scale development of productivity.

Broke was also asked whether IPSE will replace HTTP as the underlying technology. He said:

“We are replaceable. I’m meaning everything is for replaceable, and to the extent that we can upgrade systems, to the extent that we can improve on things that should all be improved upon. As an entrepreneur, I’m always trying to replace myself and everything. And so, is HTTP gotta be the best we ever get? I doubted it. I think that we can upgrade things, and I think things like IPFS, as if today are the most likely answer.”

As the Internet continues to grow, the shortcomings of HTTP become more apparent in the process of large-scale proliferation. IPFS uses a P2P network topology. The distributed storage nearby greatly improves network efficiency. The HTTP protocol is too centralized, which means the computer room needs to be powered on for 24 hours. IPFS can greatly reduce the dependence of Internet applications on the backbone network. The average life cycle of HTTP pages is only about 100 days. Web files are often deleted (due to high storage costs) and cannot be saved permanently. IPFS provides the function of backing up the historical version of the file. You can easily view the historical version of the file and the data can be saved permanently. All in all, the HTTP protocol, as the underlying communication protocol of the Internet, is based on a centralized web server. IPFS has become a basic protocol for the next generation of value Internet because it can solve a series of pain points of the traditional centralized HTTP protocol.

In general, the current global digital economy is in a period of historical transformation. The data-based industry is undergoing tremendous changes. The era of centralized protocols represented by HTTP is gradually shifting to IPFS distributed protocols and IPSE distributed era. IPSE can generate greater synergy globally, build trust with machines, improve settlement and settlement efficiency, and retain more credit with smart contracts. It can implement and realize the decentralized value concept in the global miner community. Based on the transformation of the global data industry, the transformation of production relations in various industries is gradually realized, thereby promoting the revolutionary process of the global distributed economy.