XSL Labs: What is the Internet of Trust?
The problem of data retention and preservation of privacy is widespread. Removing the means of data collection to disarm malicious actors is sadly not an alternative, as Shoshana Zuboff, emeritus professor of sociology at Harvard Business School, points out in her book “The era of surveillance capitalism” .
Adaptation is important to enabling the consumer to be secure and at the same time taking advantage of data sources in our globalized environment. We need to shift from a heavy asymmetry of benefits between individuals and companies to an asymmetry of benefits extracted from data collection. This is going to be the Internet of Confidence.
XSL Labs can deliver a decentralized identifier named SDI, a distributed dApp store called SYL Library, and a dApp that allows interoperability across ecosystem resources called ONE. They can function as a single tool to make the journey of the consumer simpler and more pleasant.
What is XSL Labs?
XSL Labs would be responsible for creating an infrastructure around the Internet of Confidence. All funds relevant to the Initial Coin Offering will be offered to make sure that the development of Pulsar and its modules, as well as distributed SDIs, distributed apps, and distributed software extensions.
XSL Labs is an incubator and grant provider for ventures that would like to be built on Pulsar. The goal is to build a full environment for the security of personal data by encouraging development teams to engage in it.
XSL Labs would also be responsible for fostering the environment and providing all the requisite requirements for its mass acceptance. It would have 30 percent of the cumulative volume of SYL (3,000,000,000 SYL if 7,000,000,000 SYL is allocated during the ICO) as well as 100 percent of the funds deposited under it.
Secure Digital Identity
SDI is a list of protected user information. This distributed digital identity can be decrypted using a personal and private cryptographic key that only the user owns.
This SDI may be completed by the consumer himself, who can even connect external data outlets with it by service suppliers (e.g.: KYC service providers, service issuers, certification authorities). Nevertheless, the user is the only one to be able to feed the data to his SDI. The administration of these related external data will produce alerts in ONE at the user level that can be used.
Each piece of data can be spread in a peer-to-peer network after being encrypted 15 as well as via the ICO hash table (DHT).
The role of this decentralized storage (previous diagram) is to restore the user profile checkpoint, to guarantee the irrevocable quality of the data transmitted by the SDI, and to ensure consistency with the legal retention duration. Any data collected on the Pulsar network (DLT) would be unintelligible and unusable since the owner of the SDI is the only one to possess the decryption key that connects the public network (Pulsar) and its data, thus exposing the data.
For More Details About XLS Labs:
Telegram Group: https://t.me/xsl_labs_official
Article by Anton De Mel