Dialogue CESS Co-creation: The Token Launch, the Stories Behind Six Years of Hard Work

Decentralized data storage is one of the most challenging technical directions in the blockchain space, because data services cannot afford to make mistakes. (Synopsis: "Blockchain" is a new field: excess returns are often harvested by secondary developers? (Background added: Silicon Valley bank SVB reborn?) Financial Times: Peter Thiel Builds Digital Bank 'Erebor', Targets Crypto Startups) Moderator: Executive Editor-in-Chief of Anderson Sima Foresight News Guest: Jessie Dai Co-founder of CESS Network Moderator: Hi, I'm Anderson, Executive Editor of Foresight News. Before introducing today's guests, I would like to share two observations. First of all, Web3 has been inseparable from the concept of decentralization of blockchain since its inception. At present, the main application of blockchain is as a distributed ledger technology, mainly used for transactions and asset management. But if we look deeply at the ecological architecture of the blockchain, we will find that what is lower than the accounting technology is the data layer. At present, mainstream data storage services are mainly provided by Internet giants, such as Amazon AWS, Google Cloud, and domestic Alibaba Cloud, Huawei Cloud, etc., which are centralized storage solutions. The reason why blockchain technology has given birth to Web3 is precisely due to its decentralized and immutable nature. Similarly, at the lower data storage layer, the concept of decentralized storage has also emerged. While centralized storage brings convenience, there is also a risk of a single point of failure. For example, when a cloud service provider has a problem, all industries that rely on the service, whether it is finance, aviation or transportation, will be affected by the chain effect. The protagonist we want to discuss today is the project that stands out in the decentralized storage track - CESS. We are honored to have CESS co-founder Jessie Dai on our show. First, ask Jessie to introduce herself briefly. Jessie: Hi, I'm Jessie Dai, co-founder of CESS. It's a pleasure to be at Foresight News' Space. Let me first briefly introduce my own experience. My relationship with blockchain began in 2012 when I first came into contact with Bitcoin through the R&D team of wearable electronics. From the end of 2013 to the beginning of 2014, I officially entered the industry, starting as an individual investor, during which I contacted a large number of excellent public chain technical teams and consulted many well-known public chain founders. Although I'm not a techie, I've always believed that blockchain is a technology with a long-term future. After the Great Bear Market of 2018, I spent an entire year conducting industry research and interviewing many technical experts. In a generally sluggish market environment, these technologists who truly understand decentralization still believe in the future of the industry. Through our research, we came to a key conclusion: for blockchain to truly grow, breakthroughs must be achieved in three core areas – decentralized computing power, decentralized storage, and decentralized content distribution. These three are the infrastructure to build the next generation of the Internet. Based on the understanding at that time, we believe that decentralized storage and content distribution are the most commercialized directions. Because data privacy and sovereignty protection are just needed, and this field needs perfect infrastructure support. It was during this exploration that I met two other co-founders, Joseph Li and Nick. Our technical team has a deep experience: Nick was an early core member of Oracle and was responsible for marketing; Joseph Li is an expert in distributed storage and intellectual property protection. Since founding CESS in 2019, we've been working in this space for six years. Host: Thank you Jessie for the wonderful sharing, in fact, the amount of information in it is very large, I will give you a brief review, the first is that Jessie entered the Crypto time is really very early, we can now call the ancient period, from this time in 2012 Speaking of this I interjected a little, that is, Jessie did not mine at that time, when the ASIC mining machine appeared? Jessie: It's true that we've stepped on quite a few "pitfalls" on the path of Bitcoin's development. For example, I have invested in a roast cat mining machine with a friend, and I have personally experienced the Sichuan flood that caused the mining machine to be washed away - my mining machine is also among them. It can be said that we have personally participated in and witnessed various typical experiences in the early days of this industry. Web3 is a nascent industry, but Jessie is already a veteran of the field. The "roasted cat" mentioned in the discussion may not be familiar to many listeners by now — which just shows how niche the group of people who came into contact with Bitcoin at that time was, and those who could know these stories were the earliest explorers in the industry. Jessie shares an insightful industry observation: For Web3 to truly revolutionize, it must be refactored in three basic layers: computing power, data storage, and content distribution. This structural thinking was formed during the industry winter of 2018, when the price of Bitcoin was only around $3,000, and it was extraordinarily forward-looking. In particular, the core team includes experts in traditional science and technology, such as early members of Oracle, and this composite background provides a solid foundation for the project. Now, let's ask Jessie to elaborate on CESS's project positioning and development goals. As a pioneer in the decentralized storage track, what are the unique innovations and competitive advantages of CESS? I asked Jessie to elaborate on it for us. Jessie: Thank you for the introduction. With the rapid development of the Internet and AI technology, we are facing a new challenge brought about by the explosion of data: how to effectively manage, store and protect data has become an important issue for the whole society. In the traditional centralized platform model, the ownership and control of data is completely in the hands of the platform, and users face serious problems such as data leakage, tampering, deletion, and privacy infringement. In this context, the importance of decentralized storage is becoming increasingly prominent. We believe that in the era of digital economy, data is the "oil" of the new era, and the key to ensuring data security and user rights and interests lies in the breakthrough of decentralized storage technology. The core question is: How do you build a trusted storage system? Is authorization required? Is it possible to achieve a fully decentralized trust mechanism? Decentralized storage technology has evolved to the third generation. From the early days of peer-to-peer storage, to specialized storage protocols like Filecoin, to today's need to make data available, available, usable, shareable, and beneficial. The main bottleneck facing the current storage system is the inability to provide a user experience comparable to centralized services such as Amazon AWS and Google Cloud, which seriously limits the possibility of large-scale application. CESS is positioned to create a more secure, private and efficient data management solution. We built a Layer1 public chain system with wireless storage and millisecond execution, but with more emphasis on providing data service solutions for enterprises, governments and individuals as a service provider. Through secure, transparent and traceable technology, we are committed to providing support for AI, RWA, De...