Interview with TBIS’s CEO, Michael Stollaire by Cryptocentral.io
1. What is EHI and why is it important for Titanium Blockchain Infrastructure Services (TBIS)?
EHI was the first technology company that I founded in 1999, and has developed and evolved into a thriving professional services consultancy, that specializes in enterprise infrastructure management. EHI’s clients are household names from The Fortune 500, Government and Education, which is a huge advantage for Titanium. I envisioned Titanium as “EHI v2.0” that would provide Infrastructure as a Service (IaaS) to EHI’s existing clientele, which will be a warm handoff from a known trusted source, versus random cold calls, which is the norm for other blockchain start-ups.
2. What real problem(s) is TBIS aiming to solve?
- Cloud-based IaaS providers are essentially legacy solutions and obsolete, given the advent of decentralized blockchain technology. Centralized IaaS providers, such as Amazon Web Services (AWS), Microsoft Azure, RackSpace, HPE Helion Cloud, IBM Cloud Services, iCloud, etc. are centralized, and as such, hacker attacks like Distributed Denial of Service (DDoS), the recent Equifax break-in, etc. and natural disasters, can severely impact or completely disable cloud based operations.
- By centralizing 70% of all USA Internet Traffic within one area, we are essentially asking for a terrorist attack to take place that would paralyze America.
“As of 2009, greater than 50% of all U.S. Internet traffic travelled through Northern Virginia. In 2013, as much as 70% of the world's Internet traffic travelled through data centers in Loudoun County. In his book Tubes, author Andrew Blum calls Ashburn, Virginia—a community within the Dulles Technology Corridor—"the bullseye of America's Internet". The Dulles Technology Corridor serves as headquarters for domain name registrar Network Solutions and network infrastructure company Verisign. The region contains the Internet Society, and used to contain the mainframe that houses the master list of all Internet domain names.
The Dulles Technology Corridor includes Ashburn, Virginia's "Data Center Alley", described by the Washington Business Journal as "an area that is quickly emerging as a national hub for data storage facilities". The corridor also has data centers in Sterling, Herndon, Reston, and Tysons Corner. The area is a growing home for major data centers including those of Amazon Web Services (AWS)'s US East region, where an estimated 70% of AWS IP addresses are housed. Wikimedia Foundation has its primary data center in the corridor. According to U.S. News & World Report, "Northern Virginia remains popular, in part because it has some of the country's cheapest electricity rates.”
Here is what happened recently to the equivalent of AWS in Europe:
Titanium’s platform, in comparison would have experienced little to no negative impact. In fact, I can almost guarantee that it would have had no impact whatsoever.
3. In regards to the proprietary IaaS, how will TBIS enable smaller companies or inexperienced users to take advantage of its platform?
Simple. The answer is what I refer to euphemistically as “The Mom Test” or “The Grandmother Test.” What this means to me and Titanium is that if one of our services cannot be ordered, modified, used by my Mother or Grandmother, that is a failed test. This is why the Titanium IaaS UI will be extremely intuitive and easy to use. I’ve been fortunate to know one of the best UI/UX designers in the world, who did very similar work at PayPal, for instance. In short, smaller companies and inexperienced users will find our platform easy to use, and we may introduce voice recognition, so that it can all be done without touching a screen, mouse, or keyboard.
4. What are the core components on the TBIS platform?
FROM THE WHITE PAPER:
CORE OBJECTIVES, PRODUCTS AND SERVICES
Titanium Infrastructure Services (TBIS) has the following core components:
Infrastructure as a Service™
(IaaS™): The core competency objective and primary goal of TBIS is the creation and propagation of a shockproof distributed network infrastructure capable of replacing the bloated and inefficient hardware foundation upon which the internet of today is based. In essence: to build a better internet that cannot be controlled or destroyed by anyone and is open for all.
This will include but is not limited to:
- Maintaining and Enhancing TBIS’ existing enterprise virtualization software package which enables the creation of network components such as servers, routers, switches, etc., in a distributed environment
- Building and remaining as the de facto platform for creating, maintaining, patching and upgrading distributed enterprise IT environments
- Making it quick and simple to virtualize entire enterprise-level infrastructure environments while simultaneously decreasing the cost-to-consumer and downtime while increasing network reliability, security, and convenience
- Website hosting through the Titanium Virtual Server System will be more reliable than existing shared hosting because unlike a traditional server, which can go down, the TBIS servers will guarantee constant uptime and dramatically increased security
- Implement the cutting-edge TBIS Enterprise Management Software with autonomous healing and security functions include in the Titanium Hydra Fault Tolerance Suite for all monitored elements and network components
Desktop as a Service™
(DaaS™): The creation of a distributed internet infrastructure also makes it possible to host entire user computers on the Titanium Cloud. Using the custom designed ultra-light TitaniumOS, TBIS users will be able to access their entire computer from any publicly available terminal or smartphone. Through navigating to their personal encrypted Titanium Desktop, they will be able to use their computer just as they would use any website. Titanium Virtualization Technologies will protect their data, ensure uptime and reliability, and make viruses and targeted attacks a thing of the past through implementation of the Titanium Hydra Fault Tolerance Suite.
Leveraging state-of-the-art SHAKE256 Titanium Sponge Cryptographic Techniques, the user’s files and TitaniumOS will be future-proof encrypted and yet will remain accessible to the user with the Titanium Key. This will combine ultimate encryption and security while also allowing for ease of access.
Company as a Service™
(CaaS™): This is an automated wizard which will allow a user to start a new business from square one through leveraging the power of Smart Contracts. Anyone who has attempted to start a business in the past is aware of the challenges presented by meeting legal requirements to establish a business.
Through CaaS, TBIS will be able to supply entrepreneurs with the critical support they need to get their business off the ground by completing tasks such as:
- Registering for Business Licenses
- Creating Business Bank Accounts
- Filing Trademarks and Patents
- Leasing of office space or equipment
- Hiring employees or independent contractors
- Securing advertising space
- Domain registration and host acquisition
From a legal standpoint, these Smart Contracts will save business more than just time in the creation of businesses. Smart Contracts, encoded in the immutable TBIS Blockchain, cannot be tampered with or altered in any way. Once a contract has been signed, it has been etched into Titanium and will exist in perpetuity.
This service allows the TBIS user to use any supported cryptocurrency to purchase items, auction items, etc. and leverage an Ethereum-based escrow service based on the Smart Contract. This would enable buyers and sellers to conduct transactions free of the worries typically associated with online purchases.
The Titanium CryptoEscrow™ would make it possible to:
- Buy and sell online for any amount in any approved cryptocurrency without fear of nondelivery. This system is designed to use a very simple smartphone interface that will require no experience or coding background. It is so easy, your grandmother could do it.
- Generate Titanium Smart Contracts using the TBIS Blockchain and the Titanium DEX (below) to manage payment and logistics. This contract will consist of a two-part SHA256 hash which will be given to both buyer and seller, and only once these two pieces are united and delivery takes place will the funds be released from the escrow.
Bring Your Own Cloud™
(BYOC™): Beneath the surface of the Titanium Infrastructure there will be an entire suite of services that will change the computing world. Central to this effort is the desire to help users create a truly private computing environment. This can be achieved through BYOC.
People can join the BYOC secure computing environment by contributing hashpower to the network. BYOC is based on a PoW ERC20 token which generates an everchanging hash for communications encryption. When a user joins, they will be connected to a service that will download an open source Linux VPN application. Users can opt to use their own cryptocurrency miner as long as it meets the minimum requirements for OS platform, CPU, RAM, etc. Alternatively, of course, one of the many virtual miner emulation choices available via the MIaaS TBIS offering could be leveraged. Please note that the BYOC service can be used for many other functions, such as webservers, file servers, etc. A cryptocurrency mining device is only be used as an example. TBIS will provide a Centos Linux OS ISO image which has a special kick-start function, to bring the device online and initiates a minimum amount of hashing on the local GPU. At this point, the kickstart server can deploy to any server/device you connect in your private cloud environment. For mining hardware, BYOC will facilitate high-end servers being used as cryptocurrency miners.
For an ultra-secure computing environment, users can join the TBIS Instaminer Network. Based on micro-computers, which can be acquired from TBIS, a security context with the peer-to-peer blockchain can be established. If someone attempts to add a device via a method that does not include the TBIS micro-computers, the device will not be allowed to communicate on the network. The TBIS micro-computer will have an open VPN for security and will be able to deploy images to servers and miners in the local environment. Once the security context is established, files beyond the vanilla Centos OS will be obtained via our own git repository and docker swarm infrastructure. In short, the use of the TBIS micro-computer will make setting miners and servers up completely automated.
Cryptocurrencies and blockchain technologies are centered around decentralization. However, many cryptocurrency exchanges of today are based on centralized systems which are controlled by outside entities. The TBIS Titanium Exchange will provide initial support for the top twenty (20) fiat currencies used worldwide, and allow for exchange trading with the top two-hundred (200) cryptocurrencies as per
https://www.coinmarketcap.com in an entirely decentralized fashion. Of course, TBIS reserves the right to increase or decrease the number of fiat currencies and cryptocurrencies it supports with future releases of the product. Also, DEXchange™ will charge the lowest transaction fees, and fees in general, in the world, guaranteed.
Instant ICO Incubator (III)™
At TBIS, we know how hard it can be to get everything together for a token launch. If you have a brilliant technical idea, but need the marketing and organizational backing to bring it to life, the Titanium Instant ICO Incubator™ will take the guesswork out your token launch through providing endto-end launch services. Also, a Titanium Clad Accreditation will be created and granted to ICOs that have undergone a deep-dive due diligence by Titanium personnel. There will be no guesswork, as to which ICOs are credible and primed for purchase of their tokens. For instance, where these accreditations are supported, Titanium will require our ICOs to have both a Better Business Bureau (BBB) and Duns & Bradstreet accreditation. Titanium does all the work for you, so your purchases are as safe as possible.
The over-arching goal of Titanium Blockchain Infrastructure Services is to provide the capability for virtualization of equipment, running the gamut from simple routers, to specialized equipment such as cryptocurrency miners. Through virtualization, TBIS will be able to help guarantee that your equipment will stay updated, patched, and ready to function to protect the interests of your business.
For example, in order to remove the hazards associated with new technology being introduced that makes current mining rigs obsolete. With TBIS IaaS, you would simply run a wizard in our UI to replace a GPU-based mining rig with an ASIC mining device. When new ASIC boards are released that are more energy efficient and have a significantly greater hashing rate, the virtual boards can be upgraded, etc., by drawing on our global network of computing power.
5. Do you think scaling of the Ethereum network would be sorted out by the time TBIS platform is fully functional?
- Yes, I feel that Plasma and the Raiden concepts may allow Ethereum to scale to the same transaction rate as Visa. However, if there is even a one percent chance that these enhancements, along with the improvements in the Ethereum Metropolis update, this is a chance that I am not willing to take with Titanium.
- Therefore, there has always been a plan in place strategically, to develop our own distinct Titanium blockchain that will be mineable, and will also eliminate or significantly reduce the potential negative impact of Ethereum scaling issues.
- Ethereum, however will be our short-term tactical solution, and will allow Titanium to get through our funding efforts, while simultaneously creating an Agile software development methodology, with daily Scrum Meetings, etc. and acquisition of enough excellent Ethereum Developer resources to implement a follow-the-sun, 24x7x365 development methodology that worked exceptionally well on several past projects I’ve been involved with. This will mean that the sun will never set on Titanium’s development efforts.
6. What are the problems with centralized exchanges and how will TBIS’s DEXchange improve the exchange environment?
- Well, I alluded to this earlier, with regard to our cloud-based competition in the IaaS space, and those same issues apply to centralized exchanges. Just as the link about the Virginia area where 70% of all USA Internet traffic travels? That man calls it a bullseye for a reason: if it were attacked, it would cripple the USA communications and telecommunications industry. It reminds me of growing up as a child in New York, when I was doing something stupid, and they would say this phrase, over and over: “You are asking for trouble!”
- This is not merely my theory. The infamous Mount Gox incident and the more recent Bitfinex hacks are excellent examples of the weaknesses of centralized exchanges, along with today’s CoinPouch incident with the Verge (XVG) cryptocurrency, where over 150,000,000 XVG coins were stolen.
- With a decentralized exchange (DEX), the normal methods that Black Hats would use to attack and exploit weaknesses would not exist. I’m sure DEXs will encounter some innovative hacker attacks in the future, but the advantages associated with DEXs cannot be argued against.
- However, the main issue I’ve had with DEXs is they are “pay to play” and do not have the trading volume to back up the borderline extortion that they are trying to pull off as “normal development costs for cryptocurrency listings.” I will not name names, but I know people at all of the centralized and decentralized exchanges and even cryptocurrency wallets. The answer is always the same: “Sure, we will list cryptocurrency X, for $10,000.” Some of the larger exchanges ask for 5-10 Bitcoin for the opportunity to be listed.
- The last issue I can point out is that unless you are in the top 10 market capitalization cryptocurrencies, you will not be listed against fiat pairs, meaning I cannot purchase the #64 currency on coinmarketcap.com with United States Dollars or any fiat currency for that matter, so that when Bitcoin goes on a bull run like it has as of late, there is an inverse effect on altcoins that are on an exchange that has no fiat pair associated with it. In short, this leads to a direct inverse relationship between the value of Bitcoin and all altcoins on that exchange that do not have fiat pairings: if the price of Bitcoin goes up, the altcoins that do not have fiat pairings (and even some or all that do) go down in price.
- This is totally ridiculous, in my opinion. That’s why DEXchange, a distributed exchange, will list the top 200 cryptocurrencies for free, and will allow all 200 of these cryptocurrencies to be paired with the top 20 fiat currencies in the world. Now, here is the punchline: DEXchange will also guarantee the lowest transaction fees on the planet. Because of this, I believe DEXchange will create a vortex of trading funds, and will be so successful, that it may in fact be the first ICO “spin-off” company of all time, and set a precedent for doing so.
- My gut instinct about DEXchange is that it may indeed outpace incoming revenue from IaaS, our core competency, and slowly but surely… perhaps inexorably… take more and more market share from all existing exchanges until it becomes the predominate player in the space.
7. What are the challenges that startups are facing for setting up ICOs in the current environment?
- The recent Segwit2x Bitcoin hard-fork captured most of the attention of the blockchain community so little to no attention was paid to ICOs, I believe
- Also, there have been some examples of ICOs that were complete scams, and the old phrase “one rotten apple can spoil the entire barrel” comes into play.
- Perhaps most importantly, though, blockchain start-ups are in a very early-adopter phase, and there really isn’t any established guidelines or Standard Operating Procedures (SOPs) that are in existence, which are a pathway to success for ICO development. Certainly, there have been some ICOs that were tremendously successful, but was that because of their methodology, or in spite of their methodology. Frankly, I think the reason is the latter: they had little-to-no understanding of what to do, but a lot of people threw money at them – I refer to ICOs as dotcom II, the sequel… - and they were successful from a money-raising perspective.
- Personally, I feel that I am walking across a minefield without a metal detector, and occasionally something blows up, so I make meticulous notes, so that when Titanium reaches the end of the ICO route on March 1, 2018, I will have the information necessary to write the SOPs of ICO, and will be able to give a metal detector and an accurate map to ICOs in the future, as to the correct method to perform an ICO blockchain-startup. I’ve also seriously thought of writing the “ICOs for Dummies/Idiots” books, no kidding!
8. How will the TBIS Instant ICO Incubator improve the ICO landscape?
- First and foremost, it will take all of the guesswork out of the ICO process and place them on the Titanium platform, which will be as we say, stronger than steel.
- We will also conduct due diligence on each ICO, as I went through once, when EHI was trying to get Venture Capital (VC) funding and Angel Investor funding. This will include getting the two accreditations that Titanium holds, the first blockchain start-up that has ever held both a Dun and Bradstreet and Better Business Bureau accreditation. It will be a stringent audit that will lead to Titanium ICO certification, and in short, very few ICOs will achieve this certification, just like very few students get into Harvard. This will do two things: 1. Guide the new blockchain startup through the process and across the minefield without them having to lift a finger, following the new aforementioned SOP, and 2. Token purchasers will not have to guess if an ICO is a scam or a good value. If an ICO is listed on the Titanium platform, they have virtually a 100% guarantee that buying that ICO’s tokens is a smart decision.
9. What value additions will TBIS achieve from associating with other decentralized projects such as Golem, Storj, BlockCat, etc?
This is easy to answer, they’ve already gone down the road of decentralized resources, with regard to storage, processor and memory power, so why would Titanium re-create the wheel if we can simply establish strategic partnerships with these companies so that we could augment their existing technology to global enterprise standards that some of my clients like Intel, Walt Disney, Verizon Wireless, etc. to take a serious look at. Also, BlockCAT has created an excellent product that would pass “The Mother and Grandmother Tests” I mentioned earlier. I’ve played around with their alpha, and their tool (which Titanium could essentially OEM) would make it so we could pull anyone in off the street, and they could create an Ethereum Smart Contract in seconds, with no Solidity, Java, C, etc. coding experience. Of course, if these strategic relationships do not materialize, that is the beauty of open source: Titanium will just leverage the excellent development resources we have acquired and will acquire to do what these companies are doing… except better… perhaps MUCH better.
10. Could you please elaborate on TBIS project’s accreditations by Dun & Bradstreet and Better Business Bureau?
Certainly. When developing Titanium I put myself in the shoes of a potential ICO participant, and asked myself a simple question: “what can I do to make Titanium attractive to potential clients and token purchasers, which would also make anyone calling Titanium a scam look like a complete idiot?” Answer? Get the D&B and BBB Accreditations, which Titanium was the first blockchain start-up to accomplish. Now, if I become aware of anyone calling Titanium a scam, I make sure that person looks like a moron.
ICO related Questions
11. When does the TBIS main token sale start and end?
January 1-March 1, 2018
12. Is there a whitelist to participate in the TBIS main sale?
Yes, there is.
13. What is the TBIS token called and what is the total supply of tokens?
The TBIS token is called the Titanium BAR (BAR) and 35,000,000 BARs is our hard cap.
14. What exchanges will TBIS’s token be traded on?
Well, as many people in the blockchain community know, getting assets listed on exchanges is a forte of mine. At first, of course, EtherDelta will list it just after the ICO ends, followed by exchanges like Bittrex, OpenLedger, SuperNET, Kraken, Poloniex, Bitfinex, Ethfinex (when ready), Bithumb and so forth. It’s just a matter of time, persistence and tenacity.
15. Is the TBIS token a Utility token? What is the purpose of this token?
Yes, it is a utility token and the BAR is the only currency that will be accepted in the Titanium Ecosystem. With that said, even if 1-2.5% of all of EHI’s current clients sign up (and the CEO of the BBB has already indicated approximately two weeks ago, that he wants the BBB to be Titanium’s first customer), we are talking about billions and billions of dollars. Then the law of supply and demand takes over, because there will only be 35 Million BARs minted, just like there will only be 21 Million Bitcoins minted. I think the value proposition is obvious.
16. Is the TBIS token sale restricted for certain regions? If yes, which ones?
Currently, the answer is no, and I want it to stay that way. Usually, Americans are left out in the cold, but I am an American, and an American Patriot at that. I bleed red, white and blue, and that’s why Titanium has engaged several legal and financial resources with the goal of doing whatever it takes to allow Americans to participate in our ICO. I also believe that the SEC will label ICO tokens as securities, and as such have had several meetings with Wall Street people I’ve known for years, about the prospect of getting Series 6 and 7 licensing for Titanium, which would allow Titanium to trade securities. Maybe DEXchange will list Apple, Google, McDonalds, Verizon stock and bonds, etc. soon? Maybe!
17. What Is the minimum contribution slab for participation in the TBIS token sale?
- In the main ICO sale, 0.01 ETH, which equates to approximately $3-3.5.
- During the pre-sale, which is going on right now, I’ve placed a $1,000 minimum per purchaser threshold on pre-sale participants. However, I am thinking about reducing it further, as this may allow Titanium to surpass its soft cap during the pre-sale, effectively launching Titanium. This is my main objective.
18. What are the soft and hard caps of the TBIS token sale?
- The soft cap is 1,000,000 BAR
- The hard cap is 35,000,000 BAR
19. Which cryptocurrencies will be accepted during the token sale and what will be the exchange rate of the tokens?
Everything will eventually be converted into Ethereum (ETH) for our ICO’s Smart Contract, so the price hinges on ETH currently. However, I think it has been a mistake… a serious mistake… for ICOs not to accept more currencies, so at the present time we accept: Bitcoin, Ethereum, Verge, Litecoin, Monero and ZCash for purchase of our Titanium BAR Tokens, along with fiat currency, if our customer prefers to use that for payment.
20. Is there a referral program in place for the TBIS token sale?
Yes, there is, and just like higher bonus rates are negotiable during the pre-sale, higher than 20% for larger sums of money, our initial referral bonus of 5% can also be negotiated, based on the amount of money the referred purchaser uses to buy our Titanium BAR Tokens.
Disclaimer: This is not an investment advice. It is of paramount importance that everyone should do his or her own due diligence before investing in any product, platform, tokens etc. Cryptocentral.io does not endorse any content or product published on this page. Our aim is to simply provide all the readers with the latest information in the field of cryptocurrency / blockchain industry that might be of interest to our readers.