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Startups boldly challenge Internet, mass transit & password status quo

Bob Brown | July 14, 2016
TransitX, TapLink & LBRY among startups making their cases on Mass Innovation Nights in Boston

LBRY uses the blockchain to solve the problem of maintaining a catalog of what's available on this decentralized system and that also helps manage a system of credits by which LBRY and users can make money. The Nobel Prize-winning Coase Theorem has inspired development of LBRY's naming system (its version of URLs, etc.).Making an obligatory Uber reference, Kauffman says LBRY will exploit "lay resources" -- in this case bandwidth and disk space rather than cars. Those who donate bandwidth/disk space can get paid for running software that makes it accessible

"We think everyone wins in this system except the middleman," says Kauffman, whose outfit will offer value-added services to generate revenue and hopefully, profits.

LBRY started beta tests last week with 1,000 people and has another 30,000 on a waiting list to try out the new protocol, he says.


TapLink, which emerged from stealth mode a year ago during the annual RSA Conference and hasn't issued a press release since, is tapping into concerns about security breaches, and more specifically, password theft.

CTO and Founder Jeremy Spilman says he loves passwords ("secrets you can keep in your mind"), but is tired of companies pushing more complex requirements on end users. TapLink purports to protect password databases for organizations large and small via its cloud service, and in doing so, safeguard even those passwords that are simple and memorable.

Buzzing through his 5-minute presentation, Spilman spared us the gory cryptographic details of how TapLink's security scheme works, but in his high-level overview he said the company obscures hashed passwords in a massive pool of random data ("a common defense fund for passwords") that will stymie those trying to steal passwords.

The company, whose data pool is spread across two data centers currently, has authenticated more than 1 million log-ins to date, Spilman says.

We should all know soon enough whether any of these startups, or others who exhibited at the event, are going to make it big...

Source: NetworkWorld


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