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To empower users, Moritz explores the true value of blockchain with Tenzshield

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To empower users, Moritz explores the true value of blockchain with Tenzshield

September 12
17:15 2019

Beijing, China Moritz is a global famous blockchain educator. His blockchain tutorials spread all over the world.

He is also a successful entrepreneur. The “bitfwd community” he started up is the biggest community in Australia. His business experience has been reported by many well-known media like Business Insider.

He kept in touch with people in this circle, including Chinese practitioners like Xiaoping Xu, the founder of ZhenFund. From where he stands, he thinks the Chinese blockchain market lacks the projects that truly based on the need of users.

As a slashie, he also involves in e-commerce and the experience in this area makes him found users’ rights were deprived in the digital era.

To make users become digital citizens, he sets up Tenzshield to empower users and meet their needs.

01 Popular Blockchain Tutorials

In 2017, Moritz issued a series of tutorials about “how to issue a token” and “how to do an ICO”, and they spreaded widely to even cover 1 million readers and they had been translated into 7 languages, including Russian, Portuguese, Italian, Ukrainian, Spanish, Chinese and Japanese.

Nearly 2 years have passed, but these tutorials are still the No.1 in the google search result, which attracts more and more people profit from these tutorials.

Taking part in kinds of blockchain conferences and communicating with people with kinds of cultural backgrounds is the most exciting moment for him, since entering the blockchain circle.

He has been invited to present in the biggest Blockchain conferences in Silicon Valley, NY, SG, China, Amsterdam, Prague, etc. Besides, he also joined Bitcoin Wednesday, which is the oldest blockchain conference

Speaking of his chance to enter the blockchain area, Moritz said he should thank his Chinese friends.

In 2016, he joined the Stanford Pitching Competition, as a ​fellow at ASES Stanford Entrepreneurs. A Chinese of his team proposed the concept of blockchain, while it is an unfamiliar concept, they didn’t take this idea. But he remembered this word since then.

He still remembers the feeling when firstly learn about blockchain, “it’s too crazy.”

He became a blockchain entrepreneur after realizing the power of it.

In 2017, he established bitfwd with his friends to provide a place for people to have blockchain education.

Later, bitfwd became the biggest community in Australia and also covered users from the US, UK, and China.

It is during this time that he wrote those popular tutorials.

Moritz’s business achievement in blockchain has been reported by main-stream media like Business Insider、Hackernoon、Tech in Asia、Technode and huobi research group.

02 Empower Digital Citizens

AS a slashie, Moritz also involves in e-commerce.

When exporting products from China to Brazil, He needs to use kinds of apps.

“Sometimes I am an advertiser, businessman or seller, sometimes I am even the user.” Different roles make him found there existed a big gap.

Everyone profits from data exclude users. Besides,the platform even damages their profits, like stealing, selling or using their personal information.

Platforms like Google, Facebook, Twitter always claim the so-called value to provide free services for users, while for the users, the moment they enjoy free service also means the moment they lose their benefits. Because these platforms often make money from user data.

Since the scandal of Cambridge Analyze, the privacy problem became a hot topic.

When society began to review the value of data analyze and focused on data sharing through those social platforms, people realized the great power of data analytics.

Moritz does not deny the necessity and effectiveness of it, just believes that it should be legalized.

“For users, they ought to have two choices, protect or sell.”

There should be a tool to empower users, allowing them to manage their data simply and effectively, as well as make true sovereignty and active digital freedom come true.

Then, Tenzshield was established.

03 True Value of Blockchain

Moritz is confident that this project will succeed, for it touches the real need of users.

Compared with it, he thinks most Chinese projects are gimmicky.

“Most Chinese don’t understand the real value of blockchain”, Moritz said.

“People always think blockchain technology can solve everything.” He found the Chinese market likes exaggerating the power of blockchain and even involve it in every field.

Actually, blockchain is not good at everywhere like the other technology. In some fields, there has been mature technology and there is no need to apply blockchain technology.

“Most of them cannot make sense.” Moritz said, “the meaning of blockchain is value changing while they ignore it.”

“Tokens are native internet money. They allow and will keep allowing digital users to exchange value through code. It is a beautiful concept that still has to be deeply explored on REAL user-cases.”

Although he thinks the Chinese market is some kind of boastful, he still feels happy with the “blockchain craze” in China.

Xiaoping Xu, the founder of ZhenFund and a famous angel investor, is a respectful businessman in his mind.

Last year, with a friend’s introduction, he met with Xiaoping Xu in Beijing. They had a nice talk, from the idea of technology’s influence on life to the future of blockchain and cryptocurrency.

Xiaoping’s respect and calmness impressed him, “he makes you feel he is listening to you sincerely.”

04 Simple and Effective solution to Privacy Problem

“Simple and effective”, is what Moritz wants to emphasis.

Although Google and Facebook have been exploring ways to protect users’ privacy.

For example, Google allows users to manage their privacy settings while without notifications. “Most users will not manage it until they are reminded.”

Major of tools are promise that they will not sell user data. But in fact, there exists a possibility that their data will be hacked and sold once their data are stored by those tools.

Most important, they don’t apply blockchain technology.

Compared with other solutions, they are not as simple and effective as Tenzshield. There are three features of Tenzshield.

Firstly, Tenzshield uses serverless architecture, which can protect users’ information security.

Just as what the name of Tenzshield wants to convey, Tenzshield only works as a shield. Serverless architecture decides that users can enjoy all services on the platform without login. Tenzshield will not store user data, which means there is no risk of leaking information.

Secondly, Tenzshield uses a blockchain reward engine to achieve a perfect profit circle, which enables users to sell their information to companies and makes using user data legalized for companies. Besides, users can pay tokens to enjoy better services from those companies. The token is issued by Tenzshield and named as TEM, which is used to exchange and make profits.

Thirdly, Tenzshield is easy to use and convenient.

With interfacing API of kinds of social platform, the users can manage their privacy settings in one app.

Once users choose to sell their data, then Tenzshield will work as a middleman to help the companies to send tokens automatedly to users. Any illiterate user can use it to simply manage their privacy status from their smartphone.

Moritz admitted, “blockchain technology is not the only way to solve this problem, but it would be simpler and more effective.”

Nowadays, Tenzshield is building the smart contract of the reward engine. After that, the team will spend serval months to build the front-end interface and start connecting with platforms.

That would the key to decides Tenzshield is successful or not.

On one hand, the reward engine needs to be fair and reasonable while it’s too hard to judge the value of those data.

On the other hand, it will involve different API during interfacing other platforms. It needs time to test again and again.

There is no need to worry that those platforms will limit Tenzshield since Tenzshield only connect the privacy settings but not the core of code.

Now, Tenzshield has already tested implementations on privacy settings from Twitter and Facebook.

Moritz believes that this work is continuous as there are many data-rich platforms that profit with user data.

He also believes that the meaning of tokens is to change the role of users in the traditional system.

Moritz is particularly interested in digital freedom under the cryptocurrency economy, with the hope to change the status of users — being served and being deprived.

Through Tenzshield, he wants to convey that, “User can profit from the digital era.”

Media Contact
Company Name: Moritz
Contact Person: Ewaldo Moritz
Email: Send Email
Country: China
Website: https://www.globalnewsonline.info/to-empower-users-moritz-explores-the-true-value-of-blockchain-with-tenzshield/