Shakil Muhammad on Antlia blockchain protocol and real world applications

0:01i'm ashton addison from event chain for investmentpitch media and fintech news network and today on blockchain interviews we have shaquille muhammad the founder and chairman of rns solutions and antlia blockchain shaquille welcome to the show and thanks for being here thank you ashton uh for inviting me to this prestigious uh youtube channel thank you so much thank

0:22you for being here i'd love to kick off our talk just getting an overview of rns solutions as your development and the antlia blockchain rna solution uh if i just reconstruct rns it's a reliable and secure solutions uh so we are software development risk uh firm so we develop blockchain related software but when we see blockchain we see the block uh

0:49or the software that should be more secure but we believe the block uh software and the block blockchain they should be reliable and then secure so that's how we come up with the name of our rna solution back in 2017 uh we have done over 40 plus blockchain related products we developed a public blockchain we have developed cryptocurrency exchanges some apps wallers uh

1:17d-apps and we we are involved with the fintech application as well for the international banks for example we are working with international islamic development bank that is a common uh bank for all that islamic wealth related uh islamic countries those have some wealth management uh related things so this is rna solution

1:45so rna solution basically uh is in different country but main headquarters in pakistan okay so uh because uh in pakistan the population is higher and the developers are pretty good we believe yeah uh if you go in uh outsourcing community they are in top three countries for outsourcing because there's not big

2:12companies like facebook google those have their headquarters there like in india they have and they are sucking up the talent but in pakistan we are the facebook and the google those are providing our source software so that is our solution that's very interesting shaquille and what i really like about that is that you've worked on 40 plus different blockchain protocols

2:34and you get a of deep understanding of the benefits but also the limitations of each of the protocols and with that now your team is going in-house and developing antlia blockchain solutions really to solve all of those problems that you've experienced throughout developing on all these other platforms so i think that's super cool so if you could just explain a little bit more

2:56about you know antlia blockchain uh what makes it unique and how you came to start building that that would be great so uh anthalia is a part of cosmos network uh chains community so the cosmos philosophy is there will not be one or two public blockchain there will be multiple there is no like global language as uh it is in the

3:24world and there is no global system or no global database where we are putting off uh the blockchains are also similar like localized blockchain for the need and the purpose and for the specific industry so uh anthony is also public blockchain so we are also one of the not uh we are little bit more generalized than the application specific blockchain our ultimate goal have to be

3:52um interoperable blockchain and scalable for uh data and asset sharing seamlessly okay how data and asset sharing for example there is a ashton coin there is a shaquille coin and we are two different ecosystem and they are not listed directly and they are different chains for example the framework is different one is on ethereum one is uh on for example

4:17anthalia and how we can swap those token are the data between because right now we when we talk about blockchain we talk about only data assets we are not talking about the data sharing uh in coming days so uh so that that is the ultimate goal of antholia and as i said uh anthony is uh uh so we are following the interoperability like the local

4:46interoperability like uh you for example you have a polish language i have for example urdu language and we want to communicate there is this is local uh interoperability but if we put some uh in between some language that's a global language and then that's a global interoperability english is providing us so we believe um for the data and for the

5:13asset sharing there will be local interoperability instead of the global interoperability and yeah that's all in nutshell but his anthalia project i like that because right now there is a nice standard with ethereum having the erc20 protocol and the tokens are interoperable but really even bitcoin doesn't work with that protocol you have to integrate it

5:39in using these side measures and same with all of the other blockchains and now with this decentralized finance movement it's all turning into decentralized swapping and not using a third party to swap coins and that you can't really have that cross block chain swap uh if if unless you're using a third party which sort of defeats the purpose of a decentralized movement

6:01so i think focusing on the interoperability uh is is definitely key um and another part i want to focus on as well is uh the security of the platform you know as these blockchains grow also the need for security needs to grow as well because there's more value locked inside there you know in terms of growing the platform from the beginning obviously

6:23you want to have a strong foundation so you don't have a giant tower with a weak foundation can you talk about how you approached that as you were developing antlia from the beginning yeah so uh um uh we prefer safety over liveness uh in term of our chain and uh if there is like blockage in the network so we will prefer uh safety as uh following uh with the uh cosmos uh

6:51tradition uh for the security we are providing bonded proof of stake uh from the validator uh so it's a basically practical byzantine fault tolerance consensus engine and on top of it the validator are providing security but the tendermint have one challenge that is like centralization for centralization we to make it more decentralized we made it roll over proof of stake or

7:19you can say rule over bonded proof of stake so we just remove bonded to not make confusion uh about our consensus india so this rollover proof of stake what does it do if you have like 100 uh validator out of 100 only 75 will uh participate for the consensus uh randomly so and after five blocks not on every blocks otherwise your scalability

7:46will go down yeah uh you will go for consensus every uh second so this is how we deal with the security uh through bonded proof of stake uh through datas yeah it's a really interesting dilemma where you need to focus on the scalability but also the decentralization and also the security and the interoperability there's all these moving parts right um and i i think that you're

8:12you're from what it looks like your team's doing a good job at balancing those acts um so that's great and and also i want to add into the conversation about the a a you know antlia cryptocurrency how that works in with the core ecosystem provides value and you know drives value to the users of the community in the ecosystem can you touch on the coin as well oh

8:36yeah sure uh blockchain without coin is like a body without blood so this will be uh i met one nobel laureate back in 2013 i believe uh in the city where i am living in dayton so he actually developed one uh clock and i asked him like there's why you got like nobel prize because of this clock

9:03what does what is the specialty of that clock what is the use of actually that clock it was like private session when in networking party so he said actually i don't know exactly the application of my clock this clock will be useful after 50 years after 50 years yeah then he explained me when we will be traveling in cosmos

9:32uh through different stores then there will uh little error will be also uh challenging so error propagation will uh make a bigger deal and the accurate time that time will be a very important thing the same way uh right now if we see uh these uh uh these coins ecosystem we see for right now it's not for right now yeah give people

10:00example when you're autonomous car if you see every day how the auto industry is changing uh so you see they they have they have to move uh independently maybe i will be sending my car my car might be entire car uh can you come here i am waiting here and can you come here after park because some time maybe parking may be expensive here i am

10:29and i will send it to some nearby place uh so that car needs some charging how they will be charging like there's no person now we have gasoline station and we fill up and when there will be autonomous cars and autonomous charging and the autonomous uh ecosystem for trading uh uh money are buying and selling yeah that's how coin

10:58will play role in coming days so enter your coin uh in antholia we have a coin called honor coin and that will be the blood of the economy of the whole blockchain we are launching not only with the blockchain initially our blockchain uh initially we will be taking uh validator for the testnet and then we are launching our two exchanges the first exchange will be centralized

11:26via centralized uh we still didn't solve in uh defy or decentralized world the problem of providing fiat liquidity and because we are still living in the uh world of yacht mostly and some part we were living there on cryptocurrency birth and in the upcoming world you can see in detail where it's like 80s of internet yeah but definitely but mostly we were living

11:54in the real world and some some people were like on digital world on and they were on internet so that's how we are starting with our centralized to provide fiat um liquidity to uh our token ecosystem and then the rest will be decentralized uh apps decentralized aggregator uh decentralized aggregator for the asset

12:25sharing for uh when i called it asset sharing uh that's not only the coins and that's also our data um maybe asset maybe some crypto kitties kind of things that will be the assets that it might be the real estate asset so that kind of uh in inter uh interoperable uh aggregator to provide um trading aggregator

12:54and then the chain we will be uh launching together yeah great well you know what i think that's a great approach and charles hoskinson when he was on the show he had a similar uh you know ideology where you really it's it's a lot harder to get a really strong project off the ground when it's fully you know community run and decentralized and starting with a little

13:18bit of centralization to help build the momentum and then being able to release it to the community i think it is a good approach um so it sounds like you know you sort of understand where you're going with that and you know we're running out of time shaquille but i want to hear about the future of antlion r s moving forward can you talk about what are the next upcoming

13:39milestones that the community can look forward to yeah so we will be more active right now uh the last year we did uh olympia blockchain olympiad in pakistan there were a different university collaborated with us and we made uh five people group to participate in our olympiad and they can we divided projects in smaller phases so they can learn so i'm very happy one of uh

14:07participants in olympia they joined rna solution for the permanent position and right now we are collaborating uh with different universities i am a part of uh committee for uh government of pakistan for looking think future for the blockchain so anthony will be there uh r d we we will not contain only to the entire but we will open up for all other chains but antholia will be

14:35one of the major force for r d uh project different university students can participate and they can get benefit of uh doing rnd work on antholia uh that is moving part another is we were not doing more much uh kind of marketing because we were not doing kind of ico so we had our own funds how usually people ask me how do you run your business do you have

15:01a funding do you receive funding from somewhere i told them it's like uh business approach are different usually some people see like the fund getting funding and then doing something and some people are like okay i will do something i learn doing uh making money and then making something so we made money by developing software and then we develop uh software as you mentioned charles has

15:27cancer he's one of great guy he needs some money and then he's doing a very very exciting project i love this he's one of the blockchain guy that i uh fascinate i love him and he knows that um and he's great guy and he has the same philosophy like uh he's using his own money to build some the sentiments are different here yeah

15:53when you are taking the investor of money and you are uh building something the sentiments are different when we see how to do marketing the crowd funding is one of the solution you have to do little bit crowdfunding to get marketing to get users on your uh ecosystem so for for that reason we have we are going to be

16:19uh do some crowdfunding to get users okay it will be very very limited uh this is what we are looking uh in future and we will be doing more marketing so the marketing basically many people say ico is bad icu were bad yeah there were bad elements we developed many icos we had done dozens of icos platform for other clients and we see some were totally

16:46they even didn't know what is blocked in why they are in crypto space and they built those icos platform but if you see for the marketing purpose this is the beauty of uh ico and this will remain there we are not going to do ico we will be doing everything very legalized if not like uh legalize in grey's areas but not going on the black side of

17:14the world now so this is the future and that's how we started uh marketing uh this uh this month exactly uh still our marketing team is not active they will be active from next week and the development team uh we revamp our website it was just a placeholder before uh the most active thing was our gitlab uh now we and github is also a little bit code is there but it will

17:44be also active uh right now you can see from last month onward it will be very active so this is what we are doing a lot of collaborations sorry a lot of collaboration with different universities for rnd with the government uh we want to open up our chain for the adoption um they they might do some pilot protests for cbdc and uh some marketing stuff and

18:10later on for investment to get some uh users on our chain and open up for test net our main nets very exciting shaquille sounds like you have a lot of partnerships in the works and there's a lot going on um so all the best moving forward with antlia and with rns solutions and i'll leave the links to all of your platforms in the description box below for the viewers as well

18:33and thanks so much for the time let's follow up in the near future thank you so much ashton for this time uh lovely to talk to you it's amazing your channel is amazing keep doing a good job for the adoption thank you you