WHAT WE DO

1.7 billion people have no access to financial services

Five billion more pay too much to a channelized payments industry that charges the global economy over two trillion dollars to complete transactions.  Open blockchain technology offers to disrupt this industry through the property of decentralized trust - you can trust the network, without trusting anyone on the network.  But blockchain hasn't lived up to its promise.  The proof protocols used to secure current networks are slow and expensive. Worse, economies of scale are forcing these networks to centralize. The result is monopoly control, raising transaction costs and destroying distributed trust.

Until now.  The Dandelion network uses a new physical paradigm to build a proof-protocol with sustainable decentralized trust. Our network can't centralize. Transactions finalize in seconds, at costs orders of magnitude lower than rival networks, even conventional tap-and-pay. And since Dandelion scales without limit, they'll stay that way, as the network serves today's market, and grows to meet tomorrow's.

WHY US

$12.6

Billion

1,500 Avg

(Scalable to 50,000+)

Ripple Fee + Bank Fees

$19.5

Billion

15

$1.20

$148

Billion

7

$0.83

$400

Billion

1,500 Avg

(Scalable to 50,000+)

~2%

-

520,000

(Single Shard)
(Unlimited Scaling)

$0.00001

TEAM

Alex Munro
CEO
Alex is the founder of three venture capital funds and has invested from five. He has over twenty years in finance and banking, and has wide experience with technology startups. He holds an MBA from UC Berkeley.
Paul Image
Paul Chafe
CTO
Paul has thirty years in tech development, from silicon design to high level systems, and has led several successful startups. He teaches blockchain systems on faculty at George Brown and is a graduate of the Canadian Army Command and Staff College.
Dr. Atefeh Mashatan
Cryptography
Advisor
Atty is Director of the Cybersecurity Research Lab at Ryerson University. She obtained her PhD in mathematics at the University of Waterloo, and was Senior Information Security Consultant at CIBC. She has multiple certifications and collaborations in cybersecurity.
Dr. Peter Gregson
Systems Advisor
Peter is a Professor Emeritus in the Department of Electrical and Computer Engineering at Dalhousie University, where he founded and chaired the Innovation and Design Lab.  He is founder of multiple technology companies over forty five years as a tech developer and entrepreneur.
Duncan Cameron
Business Advisor
Duncan is Chief Strategist at Northern Block, Canada's leading blockchain consultancy. He is a graduate of Royal Roads University, and holds a BSc in Mathematics and Computer Science from Queens. He has been involved in the launch of over fifty technology companies over a forty year career.
Brian Goncalves
Cybersecurity Research
Brian holds a BSc in mathematics, and an MSc in post-quantum cryptography from McMaster, and is pursuing his PhD in cybersecurity at Ryerson. He has extensive experience in formal security proofs for blockchain systems.
Ceit Butler
Community Lead
Ceit is founder of the Blockchain and Artificial Intelligence programs in the Department of Information Technology at George Brown College, and has been a leader in the Toronto blockchain startup community since 2015. She studied blockchain systems at Nicosia University
Venture Support
Supercomputing
Cryptography

BLOG

Article

Payments: The Disruption of a Two Trillion Dollar Industry

Key PointsThe two trillion-dollar global payments industry is forecast to grow 9% p.a. through to 2022Chinese companies are leading payments innovation and expanding globally...
Article

Scalability Tradeoffs: Why “The Ethereum Killer” Hasn’t Arrived Yet

The popular opinions that the current leaders by market cap are not good enough, and that new projects are offering better features...
Article

The stubbornly high cost of remittances

Despite recent technological advances, the costs for migrants to send money across borders to their families remain extremely expensive...
Article

Swiss-based Agora records first government election on blockchain as accredited observer in Sierra Leone

Sierra Leone’s 2018 presidential elections, which took place on March 7th, represents the first time in history that blockchain...
Article

Global payments 2018:A dynamic industry continues to break new ground

The prominence of payments in the global financial services system has undeniably risenover the 12 years that McKinsey has formallytracked the sector’s dynamics...

06

FAQ

1. What's your advantage?

1.  What's your advantage?

Our technology enables the POLARIS network.

This is an open, distributed network, capable of fast, secure, centralization-proof transaction handling, at costs orders of magnitude lower than any current system. It is not only the most efficient such network that exists, it is the most efficient network that can exist, for any given level of security and compute efficiency.
Under current assumptions, transactions can be cleared at a cost of $.00003, and finalized under fourteen seconds.  Bitcoin transactions currently cost $.40.
Banks and credit cards average anything from $1.50 up.

2. What does "centralization-proof" mean?

2.  What does "centralization-proof" mean?

Bitcoin and similar networks have value because they have the property of distributed trust. This means you can trust the network without trusting anyone on the network. However distributed trust only works if the network is made up on many independent entities, none of whom control a majority of the network.  Unfortunately, Bitcoin, and similar networks are secured using a Proof-of-Work protocol, and this gives an a steadily growing advantage to larger, more efficient players.  The three largest mining pools now control the majority of Bitcoin, and other Proof-of-Work networks are not far behind.  Similar logic applies to Proof-of-Stake, the other protocol currently used to secure open distributed networks.  The POLARIS network uses a new paradigm, which not only hard-codes decentralization but enables unlimited scaling, and which enables all the computing power on it to be devoted to secure computation.

3. So your network is a cryptocurrency?

3. So your network is a cryptocurrency?

Yes, and much more than this. A major application for secure distributed computing is transaction clearance, and so the ability to do secure, private, peer-to-peer token exchanges is a major positive externality of the POLARIS network's operation.  As we provide the most efficient secure computation physically possible, this is the most efficient currency that can exist, and that's no small thing.  However these tokens are just the fuel for a global market in secure distributed computation.  This can be used to indelibly record data, and to notarize its creation, streamlining insurance and other document driven industries.  It can be used to create self-sovereign identity systems, re-enabling online privacy in the social media world.  That in turn can enable secure content distribution, changing content subscription forever.  It can be even be used to create secondary markets, like a stock exchange that's immune to high frequency trading techniques and non-public front-running.  What we are really offering is Web 3.0, and anything is possible.

4. Who's your customer?

4.  Who's your customer?

A better question is, who isn't.  We offer financial stability to the 3 billion people living in unstable economies, we underpin privacy for everyone who uses social media, we improve efficiency for anyone who uses insurance, and anyone who trades on a market.  We enable middle-man free exchange to content creators and consumers, dirt-cheap accountability across supply chains, and surveillance-free internet search.  At the most basic level, we offer transaction clearance to the 2 billion people who have no access to banking, and much cheaper transaction clearance to the 5 billion who do.  Just this last is a trillion dollar opportunity.

5. How do you do this?

5.  How do you do this?

We're holding our IP close for now, but like all great ideas, it's so simple it's obvious, once you have the right point of view.  Just as the Wright brother's genius was understanding the obstacle to flight was not power, but control, our innovation came from going back to basics.  What does "secure" mean?  What does "decentralized mean? What is a "market", really?  We knew we were on to something when we found questions that neither cryptographers nor economists had answers for.

6. If you're keeping your IP secret, what does open distributed network mean?

6.  If you're keeping your IP secret, what does open distributed network mean?

Distributed trust only has value if it's truly distributed, so open means open. Once we're at network launch we will move to open source, open access, open opportunity.  Anyone can get on the network, anyone can change the code, anyone can use it, for anything they want.  We will continue to improve and update the system, but we will have no special advantage or position in its operation, and we will not be a single point of failure for hackers or other bad actors to target.

7. If it's open, how will you make money?

7.  If it's open, how will you make money?

We're building POLARIS, we're leading its deployment, and we're going to lead the world in its application.  The future is wide open.

PRODUCT


Dandelion's tap-and-pay app provides peer-to-peer transactions, for fractions of a penny, complete in seconds, with quantum-resistant security, and without intermediaries. Our technology provides a fully decentralized, fully open network that anyone can join, and anyone can use. With lower costs than the most efficient blockchain, more speed than the fastest private network, and better security than either, we are the future of global finance.

Consensus Redefined

Download WhitePaper
Dandelion is platform agnostic, allowing any existing blockchain, distributed ledger, or distributed computation stack to integrate on top of it. This allows an entirely new class of distributed applications to be built on this base layer, disrupting conventional models, from financial and market services, to content distribution, social networking, communications, and distributed computing.
© Dandelion Networks 2021. All rights reserved

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