www.ceotodaymagazine.com 82 “Using blockchain and secure hardware, IoTeX addresses the current IoT’s shortfalls in security, privacy, and interoperability and empowers users to capture data and value from their devices and utilize and monetize it in decentralized applications (dApps) on the IoTeX platform.” since then, we have been building the real-world solution to that problem,” says Dr. Chai. “People must own their data; developers, smart device makers, Web2 businesses, and entrepreneurs must have access to all the opensource technology and decentralized infrastructure we are developing so they can tap into Web3’s most promising sector, DePIN. Together, we’ll make the world a better place for all of us,” he added. A Turning Point? Raullen grew up in Canada, and from a young age, he knew he wanted to be a scientist. He stood firm on his path. In 2012, the University of Waterloo awarded him he’s doing today, and during that period, he learned how to build ultra-secure systems at scale. He also gained invaluable insight and expertise into how technology fits into those companies’ overall business models. Today, Raullen leads a team of over 60 scientists, engineers, researchers, developers, and experts in business development, tech investment, innovation, ecosystems, and marketing and communications. A better world for all of us “In 2017, after months of meeting and brainstorming, we perceived a significant real-world problem, and a Ph.D. in Electrical and Computer Engineering with lightweight cryptography, security, and privacy in the Internet of Things (IoT) and privacy-preserving techniques for blockchain. In 2009, he came across the enigmatic Satoshi Nakamoto’s existence and his mindblowing Bitcoin Whitepaper. “It was something so bizarre, most of the folks in our research lab thought it was a hoax or simply wrong,” Chai said. “We (me and a group of cryptographers) spent one or two months trying to attack it, but we failed,” he added. “It was at that point I realized that it was
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