A systems engineer by training, Gianfranco Campos was a recent transplant to Canada when he purchased his first Bitcoin in 2015. Using the crypto to send money back to his home in Peru, he had to navigate a costly system that at the time wasn’t necessarily convenient. The freedom the currency provided Campos with financially however, proved intriguing and led him to gaming with Bitcoin that then grew into a brief flirtation with mining, and ultimately settled into serious investment into the coin when he entered as a holder in the spring of 2017. Campos’ attention was diverted later that summer when it was captured by IOTA and the ease it offered thanks to a lack of miners and fees and its synergy with IoT; all of which spurred him to start looking at the tech through the eyes of an engineer, rather than an end user. Today, Campos is the CEO of Zignar Technologies, Inc. and is on a mission to build his company and promote “the mainstream adoption of IOTA.” Ledger caught up with Campos to speak about distribution ledgers, the inspiration behind Zignars’ collaboration with IOTA and the exciting new Ledger Live app currently in development.
Tell me about what decentralization means to you as a principal and tenet of your work?
Campos “For us, decentralization is the chance to trust a network rather than a central entity, and we are using it to develop new business models that bring the control over the data-value back to the end user. With zentangle.io and zignar.tech, our main goals are to develop an ecosystem of gamers, artists, scientists, and investors to create and share value through frictionless peer-to-peer transactions.”
How would you explain the differences or similarities in distributed ledgers vs blockchain for those unfamiliar with that system of things?
Campos “Blockchain is a data structure that works as a trust machine, and similar to blockchain there are other data structures that work as trust machines in the Distributed Ledger Technologies (DLT) Industry. Today, there are thousands of projects that use blockchain for their transactions, and very few ones that use other data structures. Distributed Ledger Technologies is a broader concept that includes blockchain and other architectures, centralized, decentralized, or distributed. As an industry, large corporations, governments, and midsize businesses are rapidly adopting DLT, primarily to enable traceability and certify provenance across various value chains.”
Why did you choose to collaborate with Iota?
Campos “There are several reasons, but I can summarize it in three fundamental ones: At layer one IOTA has no fees, this allows the same protocol to be used for data and token transfer. It is super energy efficient, thousands of times more efficient than the Blockchain specialized in low energy consumption, necessary for IoT. The architecture is super scalable. The IOTA foundation research teams are targeting something never thought of in blockchain; million transactions per second. It is not going to happen overnight, but with sharding and improvements in the protocol there is a possibility of achieving it. Then I can say that I do not know of another DLT project with the industrial adoption of IOTA. By far they have already positioned themselves as the DLT for IoT, now they are looking to go viral.”
What has most inspired or informed your approach to building this integration for the Ledger Live platform?
Campos “There is the growing demand of users looking at ledger to secure their IOTA funds using hardware wallets, and currently there is no ledger live wallet that supports IOTA to fulfill this need. We have seen on twitter this request multiple times, so we decided to enable that for our community.”
How do you feel Zignars’ IOTA app on Ledger Live will impact or affect your mission to evangelize IOTA as a quality crypto ecosystem?
Campos “I would like to invite the community of developers and entrepreneurs that are looking at web3 as the next revolution to review what is happening in the IOTA ecosystem. I’m not part of the IOTA foundation, and I don’t get any money for this. But since IOTA is an open protocol and open standard it is in my best interest to promote it and let others know that they have a feeless, scalable, and energy efficient solution that is getting ready for mainstream adoption. “
What type of opportunities do you see a platform like ledger live providing for future developers or smaller tech companies ?
Campos “I think that the future is around decentralized identities and tokenization in a feeless fashion. Securing users’ identity, credentials, and assets with a hardware wallet has endless possibilities and use cases.”
We are certainly excited to host Zignars’ app on the Ledger Live and look forward to seeing what the future holds for the growth of both the IOTA and the Distribution Ledger ecosystems. To stay updated on the latest from Zignar Technologies, Inc. follow their Discord today.
“With zentangle.io and zignar.tech, our main goals are to develop an ecosystem of gamers, artists, scientists, and investors to create and share value through frictionless peer-to-peer transactions.”
“There is the growing demand of users looking at ledger to secure their IOTA funds using hardware wallets, and currently there is no ledger live wallet that supports IOTA to fulfill this need. We have seen on twitter this request multiple times, so we decided to enable that for our community.”
“I think that the future is around decentralized identities and tokenization in a feeless fashion. Securing users’ identity, credentials, and assets with a hardware wallet has endless possibilities and use cases.”