Opening our $500k private equity and token sale

Over the last 8 weeks, we worked tirelessly with an enlarged team to advance our offering, revise website and video, perfect the tokenization of our business model.

We’ve also clearly laid out our fundraising and legal strategy, built additional traction with additional ICO platforms, top ICO legal counsels and prospective pilot clients and resellers.

As of next week, we are ready to engage for a $500k private equity and token sale round, which is a bridge for a $6-25M+ public token (and private equity) sale in early Q2 2018.

We are going to reach out to several high-profile angels, friends, VCs, token investors, ICO partners and pilot clients that have recently shown interest in our equity, tokens or product.

Check out our brand new website, with new docs and video!

Best!

Rufo, Roberto and Udit
 

Our vision for Luxembourg EU leadership in state and enterprise cybersecurity

It is yesterday’s news that top staff of France presidential candidate Emmanuel Macron have been unable to procure IT devices that prevent an unquantified number of criminal actors to continuously read and alter their communications without detection and cover their traces making sufficient attribution impossible; just as it happened to the US  Democratic Party in last elections. There is wide evidence that top enterprises are in no better shape, let alone ordinary citizens, and that such increasing vulnerabilities extend to financial transactions.

There is a clear need of international leadership to establish new standards to protect our democratic institutions, enterprises and citizens! We believe Luxembourg is uniquely placed to lead other nations and leading stakeholder to achieve such feat.

The European Cyber Fund,Luxembourg Future Fund,  LuxTrust, “Security made in Luxembourg” initiative, “Hosted in Luxembourg” label, LuxInnovation, and of U. Lux Interdisciplinary Centre for Security, Reliability and Trust (SNT), seem to converge in the aim of attracting and retain businesses, and promoting economic development, by affirming a World/EU leadership in cybersecurity for communications and transactions, through suitable  legislations, certification/labeling, infrastructure and R&D and startup ecosystem.

Are things really that  bad?! Wikileaks recent revelations, about the widespread availability of CIA hacking tools in the deep Web, has made it clear that large corporate, financial and public institutions are much more exposed to scalable and targeted endpoint attacks by innumerable competitors, criminals, states and stalkers than thought before 2013. What is often unreported – but well known in top board rooms – is the impressively low cost and high scalability of carrying out such attacks. State tools like NSA Turbine and NSA FoxAcid, or their private equivalents like Hacking Team RCS, are capable to automate or semi-automate the exploit and management up to hundreds of thousands of exploited mobile devices. Average annual costs of these debacle are 9.5M$ per enterprise.

Since the last 4 weeks – thanks to the intercession of a former Minister of Defense of Luxembourg – we have been proposing public agencies of the Luxembourg government (e.g. LuxTrust, National Security Authority, GovCert, LuxInnovation, etc.) to join and contribute to a elections for Trustless Computing that we agreed with Univ. Luxembourg SnT, to jointly make such ambition a reality. We received amazing interest and increasing traction from the Luxembourg government, and most recently personally from the Prime Minister.

Through our startup TRUSTLESS.AI, the non-profit from which it spun off, Open Media Cluster, its non-profit global event series Free and Safe in Cyberspace, its emerging non-profit Trustless Computing Consortium and Trustless Computing Certification Body – we are uniquely positioned to play a key role by helping Luxembourg to:

  • (A) attract and retain global enterprises offering on radically unprecedented levels “confidentiality and integrity protection from competitors and hackers” – through public and private IT service offerings, advanced legislation and unique Trustless Computing based labeling – complementing and the current locational advantage of “confidentiality protection of corporate tax planning from other nation states’ tax agencies”. In fact, upcoming EU tax transparency rules, historical US tax reforms, and unpredictable Brexit outcomes, may, in the near future, reduce the latter locational advantage.
  • (B) increase by orders of magnitude its protection against hacking ,such as that of the US Presidential and France presidential elections. The selective public release of such internal party communications merely highlights a widening of the actors capable of a deep persistent subversion of democratic and electoral process, as detailed by Snowden and Wikileaks revelations. Our CivicPod, Trustless Computing Certification Body were proposed as new standard for state secret handling since last April 2016 together with Italian ISCOM and Austrian A-SIT , equivalents of Luxembourg National Security Authority, with the aim of making it available or even mandatory for high levels state officials, party officials, electoral candidates and their staff. In fact, the CivicPod not only provides radically unprecedented levels of security, but also reliably enables the intervention of civil courts if probable cause of illegal activity is ascertained.
  • (C) foster and lead the creation – in the mid-term – of a local ecosystem that leads a few other EU members states – such  as current members of the Consortium, such as Italy ISCOM and Austrian A-SIT & CIO – to create the EU Trustless Computing Cluster, the World 1st ultra-high assurance IT cluster.
  • (D) lead Europe in cybersecurity and its standards (such as SOGIS, eIDAS, and intelligence exchange), for economic growth, political leadership and social impacts.

Join our vision!

Rufo Guerreschi
rufo@trustless.ai

New headquarters in Luxembourg, and offices in Berlin.

After spending November and December 2016 in Silicon Valley mostly business planning, prototyping and successfully building relationship with top VCs , we decided last January to move our commercialization and prototyping office to EU for our first go-to-market. It became evident that EU laws and practices and political climate are more in tune, in the near future, with the possibility of offering ultra high levels of cybersecurity to eterprises and consumers.

We therefore spent January and March 2017 in Berlin – location of our OS/microkernel partner at the time – where we: built our non-security critical supply chain; advanced our product virtual prototyping, UX and UI designs; improved our web presence and product video; and expanded our team with an amazing local team with Toby Shotz, Nikoloz Kapanadze and Alexander Elkin. Check out team page for details!

Interest in our startup by private and public investors, and by prospective pilot clients, has soon moved beyond Berlin, especially in Luxembourg. Since end of March, through the introduction of our new advisor and former Minister of Defense and Communications,, Jean-Louis Schiltz, we met a large number of angels, cofounders and public institutions in Luxembourg.

We have entered in LoI for a wide long-term partnership agreement with the Univ. of Luxembourg SnT – Interdisciplinary Centre for Security, Reliability and Trust, and in the process of re-incorporating from Delaware USA to Luxembourg concurrently with the closing our 200k€ angel round with local investors in the next weeks.

A substantial interest manifested so far by Luxembourg public entities justifies expectations for: (a) an active and formal joint promotion of a Trustless Computing standards, certification and labels, to help Luxembourg lead in enterprise and financial cybersecurity; and for (b) large opportunities for public and public-private investments and financing, for both our angel and seed rounds.

The European Cyber Fund and Minister of Economy comments to it, the Luxembourg Future Fund, the mission and aims of LuxTrust, “Security made in Luxembourg” initiative, “Hosted in Luxembourg” label, some LuxInnovation, and of U. Lux Interdisciplinary Centre for Security, Reliability and Trust (SNT), seem to converge in the aim of attracting and promoting business to Luxembourg, through the provisioning of world-leading IT services, legislation, infrastructure and ecosystem for digital information, communication and transaction security. Our startup TRUSTLESS.AI, the non-profit from which it spun off 6 months ago, Open Media Cluster, its non-profit global event series Free and Safe in Cyberspace, its emerging non-profit Trustless Computing Consortium and Trustless Computing Certification Body are uniquely positioned to deliver on such vision, and enable Luxembourg to:

  • (A) attract and retain global enterprises based on radically-unprecedented levels “confidentiality and integrity protection from competitors and hackers” through public and private IT service offerings, advanced legislation and related unique IT security Trustless Computing Certification and labeling. Such locational advantage would complement existing ones, including the “confidentiality protection of tax planning from other EU member state tax agencies”, since upcoming EU tax transparency regulations, announced historical US tax reforms may, in the near future, reduce such locational advantage.

  • (B) In the medium term, foster the creation of a local ecosystem that leads a few other EU members states – such our current members of the Consortium, Italy and Austria – to create the World 1st ultra-high assurance IT cluster, the EU Trustless Computing Cluster, with other EU member states, with Luxembourg leading; and

  • (C) Ultimately play a critical role to help Luxembourg lead Europe in cybersecurity, by turning a huge threat into a huge opportunity for economic growth, political leadership and social impacts.

We are relocating and re-incorporating in Luxembourg concurrently with the closing of our 200K€ angel round, in 1-2 weeks. We are dealing with 5 active Lux-based angel investors, 2 cofounders, 2 public-private and private VCs, and the European Investment Fund.

Could Trustless Computing be the key answer to the massive leaks of CIA hacking tools just reported by Wikileaks?!

Today, Wikileaks has started releasing amazing ground-breaking revelations about CIA capabilities – to scalably and critically compromise the most modern communication security systems, and connected cars safety – and, especially, their supposed widespread inability to keep innumerable others from finding and exploiting them. Here is a post about it by the World most esteemed IT security expert.

The Wikileaks statement said: ”This extraordinary collection, which amounts to more than several hundred million lines of code, gives its possessor the entire hacking capacity of the CIA,” the site said in a statement. “The archive appears to have been circulating among former U.S. government hackers and contractors in an unauthorized manner, one of whom has provided WikiLeaks with portions of the archive.

If such statement is even half true, it would be historical. We’d need to conclude that all enterprises, banks, public institutions and everyone, are much more naked to both scalable and targeted, than they thought they were. Not only against advanced state actors or determined actors, but to much smaller competitors, criminals, states and stalkers. It would be orders of magnitude bigger than the release of Hacking Team tool sets.

For 3 years, we at TRUSTLESS.AI and the Trustless Computing Consortium have been building technologies, standards and strategic partnerships to, not just increase, but radically increase the state-of the art of cybersecurity by (a) completely removing the need or assumption of unverified trust along the entire supply-chain and lifecycle of all critical IT service components (down to CPU, fabrication and standard setting) and (b) applying to them consistently-extreme levels of independent expert review relative to complexity.

If our approach have seemed paranoid to many, we invite you to read this week’s news and analysis of the huge Wikileaks revelations about CIA capabilities – to scalably and critically compromise the most modern communication security systems, and connected cars safety – and especially they inability to keep other from finding those capabilities. Though much was known or desumable from Snowden revelations, this new revelations clears away much CIA/NSA and cybersecurity vendors media deception over these years, and may well drive mainstream the demand for approaches to cybersecurity as extreme and uncompromising as those of TRUSTLESS.AI and the Trustless Computing Consortium are pursuing, which no one in the World is even getting close to do to our knowledge.

Special Keynote at Stanford University: Trustless Computing & The Future of Artificial Intelligence

Wednesday, November 9th 2016, 5-6:30pm
Stanford University – Symbolic Systems Program
Margaret Jacks Hall, Greenberg Roo
Stanford, CA, 94305

Can radically-higher levels of assurance (i.e. trustworthiness) of deterministic IT systems – and related certification governance models – become a key factors to foster sustainable AI-driven economic development, as well as short- and long-term AI safety and value alignment? If so, how can we prevent malevolent use and ensure constitutional lawful access?


Directions (on Google Mapsbuilding location on Campus Map)
Tickets: Event is free, but seat are limited, so please register on our Eventbrite page.
Program: 5-min intro by Todd Davies; 45-min presentation; 20-min discussant panel; 20-min Q&A.
Twitter: Retweet the event here.

The Trustless Computing Initiative is a 3-years old global initiative by world-class partners and advisors, lead by the Open Media Cluster, for the creation, from existing open components, of a complete general-purpose ICT service platform, lifecycle, ecosystem and non-governmental certification body, that will radically exceed state-of-the-art in assurance of deterministic IT systems in area of human communications and AI digital assistants, while avoiding any significant added risks of malevolent abuse by criminals, or obstruction to constitutional and lawful cyber-investigations.

We’ve been asked by Todd Davies, Associate Director of Stanford University – Symbolic Systems Program (SSP) – the largest department at Stanford University dealing with AI, with over 90 professors and hundreds of students – to host a 1.5 hours presentation and discussion on our revolutionary Trustless Computing Initiative, its spin-off TRUSTLESS.AI, and their contribution to the economic and societal sustainability of critical AI systems.

The Initiative ultimate and sole goal is to substantially contribute to short- and long-term artificial intelligence safety, accountability and human values alignment.

SPECIAL KEYNOTE BY:

  • RUFO GUERRESCHI, Exec. Dir. of the non-profit Trustless Computing Initiative, and CEO of  the spin-off startup Trustless.ai. Since 2013, as Exec. Dir. of the Open Media Cluster, Rufo has conceived and lead the Trustless Computing Initiative, Consortium and Manifesto, aggregating global partners and advisors with globally-rare or unique expertises, and open IP assets, in high or ultra-high assurance IT, spanning the entire IT lifecycle. Since 2015, he conceived, launched and coordinated the Free and Safe in Cyberspace event series (Brussels, Brazil, New York, Rome), which has attracted the leading EU and US experts and governmental institution to build consensus on new standards for ultra-high assurance IT in critical sub-domains. Since May 2016,  together with key advisors and partners of the Consortium have created the spin-off startup TRUSTLESS.AI as the main strategy to reach the goals of the Initiative.

POST-KEYNOTE DISCUSSANTS:

  • TODD DAVIES, Associate Director of the Symbolic Systems Program at Stanford University. Todd teaches and does research on deliberation, collaboration technologies, social decisions, information policy, and collective behavior.
  • ANDREW CRITCH, Senior Fellow at MIRI (Machine Intelligence Research Institute), one of the leading long-term AI R&D center in the World. Andrew earned hisPhDin mathematics at UC Berkeley studying applications of algebraic geometry to machine learning models. He co-founded the Center for Applied Rationality and SPARC. He left a position as an algorithmic stock trader at Jane Street Capital to join MIRI in September 2015. His current research interests include logical uncertainty, open source game theory, and avoiding arms race dynamics between nations and companies in AI development.