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DFINITY LIVE SUMMARY

As you may know, on December 19, 2024, a live event featuring many partners and entities was hosted on the DFINITY YouTube channel. We have already reported on our blog about Dominic Williams’ comments. After re-watching the live event a couple of times to see if we missed anything important, we decided to provide our readers and followers with a summary in chronological order of all the guests to wrap up what happened in 2024 while we are already into 2025. We will divide the posts to enhance readability and give the sections list at the beginning of each post. You might notice that we didn’t talk about OpenChat in this article. That’s because it has a dedicated article where we cover it in detail. Similarly, Onicai is briefly mentioned in the DeAi Manifesto section, but we’ve also written a separate article just for them.

Dfinity Objectives with Pierre Samaties

The first guest, Pierre Samaties, Chief Business Officer at DFINITY, outlined DFINITY’s key focus areas, emphasising three main pillars: decentralised AI, the sovereign cloud, and the DeFi singularity. These pillars are unified by a foundational initiative—the Chain Fusion Project. DFINITY’s commitment to advancing AI was also highlighted and you can read more here. The sovereign cloud initiative ties into the ongoing project UTOPIA, which aims to deliver secure, serverless cloud computing without relying on traditional cybersecurity measures such as firewalls and anti-malware. UTOPIA will provide enterprises and governments with a safe, tamperproof platform for AI applications and digital asset management.

Unlike traditional cloud solutions, which rely heavily on conventional cybersecurity measures such as firewalls and anti-malware, UTOPIA is designed to offer a tamper-proof and decentralised cloud infrastructure that removes the need for these traditional tools. 

At its core, UTOPIA should provide a sovereign cloud environment, where enterprises and governments can maintain full control over their data. This is particularly crucial in today’s world, where data sovereignty is a growing concern for businesses and regulators alike. The platform supports the development and deployment of secure applications, particularly in fields such as artificial intelligence and digital asset management, providing an ideal environment for innovation in these areas. With UTOPIA, organisations can manage their digital assets, such as cryptocurrencies and blockchain-based applications, in a tamper-proof space that ensures data security and regulatory compliance.

The platform is proving to be a valuable solution in sectors that require robust security and data sovereignty, and it is poised to play a key role in the emerging Web3 ecosystem. By eliminating the need for traditional server infrastructure and cybersecurity measures, UTOPIA offers significant cost savings and operational efficiency for businesses, making it an appealing choice for forward-thinking enterprises.

Another key concept discussed was DeFi Singularity, a vision for a future where decentralised finance (DeFi) and AI converge to create autonomous, powerful systems.

DeFi Singularity is a concept that envisions the convergence of decentralised finance and artificial intelligence on the Internet Computer Protocol, creating autonomous, secure, and scalable financial systems. By leveraging AI, DeFi platforms could optimise trading, lending, and risk management, enabling faster, more efficient decision-making without intermediaries. ICP’s ability to support AI-driven, decentralised applications ensures transparency, security, and scalability. This convergence could democratise finance, offering personalised financial services and fostering financial inclusion. As of December 2024, ICP is advancing towards a future where AI and DeFi integrate to transform global finance.

All these projects share a common foundation in Chain Fusion. Chain Fusion enables seamless interoperability between ICP and other blockchains, allowing smart contracts to interact with assets and data across different chains without intermediaries, thus enhancing the capabilities of decentralised applications.

Jesse Glass: Lead AI Researcher at Decide AI

Following Pierre, Dr Jesse Glass, the lead AI researcher at Decide AI, took the stage. With a PhD in Computer Science from Temple University, Dr Glass has an extensive background in machine learning, specialising in custom Recurrent Neural Networks (RNNs) and Convolutional Neural Networks (CNNs) for data extraction and classification. Decide AI has reached a significant milestone by deploying OpenAI’s GPT-2 model directly on the blockchain. This innovation allows AI models to execute on-chain, ensuring greater decentralisation and security.
They developed a Proof-of-Personhood (PoP) solution, leveraging AI to verify user identity directly on-chain. This system enables individuals to prove their identity, ensuring that users are verified as real individuals, reducing the reliance on traditional Know-Your-Customer (KYC) processes. They also integrated its biometric identity verification protocol into the Solana blockchain. Looking to the future, the plan is to expand its protocol to handle more on-chain processing, further advancing the scalability and security of blockchain applications.

For more information, visit Decide AI.

Check the demo here: x.com/DecideAI

Tracy Trachsler: Head of Institutional Relations at DFINITY Foundation

Tracy Trachsler serves as the Head of Institutional Relations at DFINITY, where she builds strategic partnerships with governments and institutions to drive the adoption of the Internet Computer Protocol. Before joining DFINITY, she was the Managing Director at CV Labs, a blockchain accelerator in Zug, Switzerland, where she led initiatives to connect blockchain startups with institutional investors. Tracy holds a degree from the University of St.Gallen, a renowned business and economics school. In 2024, she was pivotal in significant partnerships. One of the highlights was the collaboration with the United Nations Development Programme (UNDP) on the Universal Trusted Credentials (UTC) initiative. This project utilizes the Internet Computer blockchain to enhance financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) by providing secure digital credentialing.

Universal Trusted Credentials (UTC) is a concept within the Internet Computer Protocol aimed at providing a decentralised, secure, and interoperable way of managing digital identities. UTC enables users to hold verifiable credentials without relying on central authorities, offering a more trustworthy and privacy-preserving alternative to traditional identity systems. Built on ICP, UTC leverages blockchain technology to ensure the integrity of credentials while maintaining user control over personal data. This decentralised approach enhances security, reduces fraud, and provides a scalable solution for identity management across various platforms, applications, and services in the Web3 ecosystem.

Another notable partnership was with the Royal Kingdom of Cambodia. This collaboration aims to elevate Cambodia’s position in the sovereign blockchain ecosystem in Asia. Through this initiative, DFINITY will assist Cambodia in harnessing blockchain technology for its economic development and digital transformation.

DFINITY has teamed up with ETH Zurich to further research and development in decentralized technologies. This collaboration aims to integrate blockchain solutions into various sectors, such as healthcare, finance, and governance, driving innovation across multiple industries.

Bioniq, Quantum Fragmentation, and Schnorr: Bridging the Gaps in the Bitcoin Ecosystem

Bob Bodily made a meaningful contribution during his segment. Bob is the CEO and Co-Founder of Bioniq and brings a unique blend of expertise to the blockchain space. With a PhD in Educational Technology from Brigham Young University and a background in neuroscience, Bodily has applied his skills to the forefront of Bitcoin innovation. Before founding Bioniq, he served as Director of Data Science and Research at Lumen Learning, building a strong foundation in data science and research methodologies. Bioniq is at the forefront of enhancing the Bitcoin ecosystem through its specialised tools for creating, buying, and selling Bitcoin Ordinals—unique digital assets inscribed on the Bitcoin blockchain. The company’s mission is to bridge the gap between traditional Bitcoin users and the world of digital collectables and NFTs, making these assets more accessible and usable. One of the great challenges of the Bitcoin ecosystem is the fragmentation, which refers to the division of liquidity and assets across multiple platforms. Bioniq addresses fragmentation within the Bitcoin ecosystem by integrating with Internet Computer Protocol technologies, particularly the Chain Fusion innovation. This integration enables Bioniq to provide seamless interoperability between the Bitcoin blockchain and other networks. By leveraging Chain Fusion, Bioniq facilitates direct interactions between smart contracts and the Bitcoin network, eliminating the need for intermediaries and streamlining asset transfers and data sharing across chains. This reduces inefficiencies caused by fragmented systems.

Bioniq also consolidates functionalities for creating, buying, and selling Bitcoin Ordinals within its wallet and marketplace. This centralised but decentralised approach bridges the gap between traditional Bitcoin users and the growing NFT ecosystem. Furthermore, by addressing liquidity challenges through ICP’s interoperability tools, Bioniq ensures that assets and data are accessible across platforms, enhancing usability for its users.

Quantum Fragmentation and Cross-Chain Innovations The Deuterium milestone introduced by ICP adds a layer of sophistication to its integration with Bitcoin. By incorporating threshold Schnorr signatures, ICP smart contracts can now handle Taproot transactions, paving the way for interaction with Bitcoin-based metaprotocols such as Ordinals and BRC-20 tokens. This advancement directly addresses the fragmentation challenge by enabling more cohesive interactions within the Bitcoin ecosystem. Through these innovations, ICP empowers platforms like Bioniq to optimise their offerings. For instance, Bioniq’s focus on Bitcoin Ordinals aligns seamlessly with ICP’s capacity to handle cross-chain activities, enabling users to create and manage digital assets in a secure and decentralised manner.

Looking ahead to 2025, Bodily envisions blockchain technologies becoming an “invisible layer”—enhancing functionality and user experience while eliminating the complexity often associated with blockchain interactions. This vision is central to Bioniq’s strategy of making blockchain technology more accessible and user-friendly.

Bioniq is developing a new stealth product on Bitcoin, as teased on X (formerly Twitter). While specific details remain undisclosed, this initiative underscores the company’s commitment to innovation within the Bitcoin ecosystem. By building on the foundations of interoperability and enhanced user experience, Bioniq continues to push boundaries in Bitcoin technology.

Jan Camenisch

Jan Camenisch is a Swiss cryptographer and computer scientist who serves as the chief technology officer (CTO) at DFINITY. He earned his Ph.D. in computer science from ETH Zurich in 1998 and has since made significant contributions to cryptography and privacy. Camenisch has published over 100 widely cited scientific articles and holds more than 70 U.S. patents. Notably, he is the main inventor of Identity Mixer, a cryptographic protocol suite for privacy-preserving authentication and transfer of certified attributes. His work has earned him several prestigious awards, including the Levchin Prize for Real-World Cryptography in 2024. Jan mainly discussed the roadmap. According to Jan, in 2024, DFINITY achieved several significant milestones as outlined in its roadmap, focusing on scalability, security, and decentralisation. A key achievement was the successful implementation of Chain Fusion. Another notable accomplishment was the enhancement of ICP’s scalability through the introduction of specialised nodes. These nodes are designed to handle specific workloads more efficiently, thereby increasing the overall capacity and performance of the network. This development is crucial for supporting a growing number of decentralised applications and services on the ICP platform. The foundation introduced specialised AI and machine learning nodes equipped with GPUs and TPUs, enabling the execution of complex AI models directly on the blockchain. DFINITY focuses on improving the developer experience by enhancing the Software Development Kit (SDK) and providing comprehensive educational resources. These initiatives aim to simplify the development process and encourage more developers to build on the ICP platform.
Jan, as both Bob and Pierre have noted, emphasised the importance of Schnorr signatures in Chain Fusion. Schnorr signatures are a digital signature scheme introduced by German mathematician Claus-Peter Schnorr in 1991. They are valued in cryptography for their simplicity, efficiency, and strong security properties. Unlike other signature schemes, Schnorr signatures allow for the aggregation of multiple signatures into a single, compact signature. In the context of ICP, threshold Schnorr signatures play a pivotal role. They enable canister smart contracts to manage a broader spectrum of digital assets and facilitate direct integrations with other blockchain networks, such as Solana. This functionality is crucial for the seamless operation of decentralised applications that require cross-chain interactions.
The concept of Schnorr signatures is deeply embedded in the Chain Fusion narrative, particularly within the vision of seamless interoperability between blockchains like those envisioned by ICP.
Jan Camenisch’s team at DFINITY has been pivotal in integrating Schnorr signatures into the Internet Computer’s functionality. They see Schnorr signatures not just as a cryptographic tool but as a cornerstone of creating a cohesive and interoperable Web3 ecosystem.

In terms of scalability and efficiency, Schnorr signatures are highly beneficial. They are compact and can aggregate multiple individual signatures into a single one. This aggregation reduces the computational and storage burden on integrated blockchain systems, making them particularly well-suited for cross-chain activities that involve high transaction volumes.Moreover, Schnorr signatures contribute to privacy and security enhancements. Privacy-preserving protocols that use these signatures ensure that transactions across chains remain confidential, while still preserving the integrity of the system. Their aggregation capability also strengthens security by reducing the attack surface in multi-signature scenarios, which is essential for ensuring robust cross-chain communication.
Interoperable decentralized applications (dApps) on ICP can leverage threshold Schnorr signatures to perform operations on external blockchains, unlocking new opportunities for developers.
Schnorr signatures are central to DFINITY’s vision of chain fusion. The goal is to create a truly interoperable blockchain ecosystem without silos.

DeAi Manifesto

Following Jan in the live event, was Patrick Friedrich, the founder and CEO of Onicai, a company dedicated to the development of decentralized artificial intelligence. With a strong background in AI and blockchain technology, Patrick envisions a future where AI operates in a decentralized and transparent manner, eliminating centralized control over data and algorithms. His vision is encapsulated in the DeAi Manifesto, which calls for the democratization of AI. As we have already >written extensivelabout the DeAi Manifesto, we refrain from repeating detailed discussions here.

Chain Fusion

Samuel Burri, a notable figure at DFINITY, has been instrumental in the development and articulation of Chain Fusion’s capabilities. Together with the team behind Chain Fusion, Burri has contributed to reshaping the narrative of cross-chain interoperability. Burri and his team highlighted the potential of Chain Fusion to integrate seamlessly with other blockchain ecosystems. They envision an accessible API that will enable developers to transfer assets across chains like Solana effortlessly. The possibilities enabled by Chain Fusion extend far beyond simple asset transfers. For example, developers could create AI-driven agents on the Internet Computer capable of managing assets autonomously. These agents could interact with various blockchain networks, execute transactions, and facilitate decentralised finance operations. Louis Liu is a key contributor to advancing cross-chain interoperability. As the driving force behind Omnity, a project dedicated to creating tools and infrastructure for seamless blockchain interaction, Liu has played a pivotal role in shaping the future of decentralised applications. We interviewed him on multiple occasions.

A global hub

The ICP Hubs Network is a global initiative aimed at promoting the adoption and development of the Internet Computer Protocol across various regions. Supported by the DFINITY Foundation, this network connects ICP communities worldwide, fostering innovation, collaboration, and education in the Web3 ecosystem. The ICP Hubs Network has been active for approximately two years, during which it has expanded its presence to around 30 countries, collaborating with numerous communities to promote the adoption of the Internet Computer blockchain. Web3 development varies across regions, with certain areas excelling in specific aspects. For instance, regions like Latin America, Southeast Asia, and Africa place a significant emphasis on education within the Web3 space. These regions recognize the transformative potential of Web3 technologies and are investing in educational initiatives to empower their populations. Web3 holds particular importance in developing countries for several reasons. Firstly, it facilitates financial inclusion by providing access to financial services for unbanked populations, allowing them to participate in the global economy. This is particularly crucial in regions where traditional banking infrastructure is limited or inaccessible. Additionally, Web3 technologies promote decentralization by reducing reliance on centralized authorities, empowering individuals and communities and fostering autonomy and self-governance. Economic opportunities are another key benefit of Web3 in developing countries. The technologies open new avenues for entrepreneurship, job creation, and innovation, driving economic growth in areas that may otherwise face barriers to traditional business development. These new opportunities can create local economies that are less reliant on external sources of income and more self-sustaining. Moreover, Web3 technologies enhance transparency and trust through the use of blockchain, which is inherently transparent. This characteristic can help combat corruption and strengthen trust in governmental and financial systems, which is crucial for sustainable development. The ICP Hubs Network is contributing to the advancement of Web3 adoption globally. By focusing on education and collaboration, especially in developing regions, it aims to leverage the potential of Web3 technologies to address socio-economic challenges and foster inclusive growth. Emilio Canessa serves as the Head of Global Adoption at the DFINITY Foundation. With a background as an Italian serial entrepreneur and robust marketing expertise, Emilio emerged as a leader in the vibrant crypto community of Bali before joining DFINITY. In his current role, he drives initiatives like the ICP Hubs Network and the DFINITY Community Grants program, aiming to expand ICP’s reach and impact globally.

The last guest: KongSwap

In 2024, KongSwap achieved significant milestones, contributing to the growth of the IC ecosystem. Gorazd Ocvirk, co-founder of Helix Markets, is involved with KongSwap. His association with both platforms reflects a commitment to advancing DeFi solutions on the IC blockchain. Ocvirk has expressed optimism about the future, anticipating that more individuals will discover the Internet Computer and be inclined to engage with DeFi platforms like KongSwap. KongSwap’s achievements in 2024 and the involvement of industry professionals like Gorazd Ocvirk highlight the platform’s growing influence in the DeFi sector. As more users explore the Internet Computer, platforms like KongSwap are poised to play a pivotal role in the expanding decentralized finance ecosystem.

KongSwap

KongSwap is a decentralized exchange (DEX) that allows users to trade assets seamlessly across multiple blockchains, including Bitcoin, Ethereum, and Solana, without relying on external bridges or wrapped tokens. This is made possible through its use of Chain Fusion technology and stable memory, which is integrated with the Internet Computer Protocol (ICP). KongSwap operates entirely on-chain, with both the frontend and backend hosted within smart contracts, ensuring enhanced scalability and efficiency. By leveraging advanced cryptographic techniques like threshold ECDSA and Schnorr signatures, it securely manages multichain pools and supports cross-chain swaps. This decentralized architecture eliminates common DeFi challenges such as high fees, liquidity fragmentation, and complex user experiences. Users can trade native assets directly across blockchains, improving accessibility and reducing reliance on third-party platforms. KongSwap’s design focuses on enhancing security, scalability, and user control in the decentralized finance ecosystem.

Web3 and the DFINITY Foundation’s Vision

As you may have noticed, the involvement of various parties in the Web3 world, as envisioned by the DFINITY Foundation and its collaborators, is intense and extensive. Sometimes, as Dominic mentioned in his segment, investors may lose sight of the project’s goals in favour of speculative trading. While this is a part of the business world, reducing such a large-scale project—which involves many people and scientists— to merely a tradeable token does a disservice to an initiative that has the potential to fundamentally change our perspectives, both theoretically and practically, on how we develop the web ecosystem.

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