The start-up of the week
Even if he takes care to highlight the people who make up the team of logion (he insists on the lowercase), David Schmitz is the designer and founder. His career is worth a detour because it explains how he came to found this blockchain network at the end of 2020.
A lawyer by training, David Schmitz was, successively, journalist and audiovisual producer, consultant in the notarial sector, municipal collector, deputy judicial officer and officer in the Federal Police! “The concern, says this 49-year-old Liege is that I can’t stand still and that I have the soul of an entrepreneur “. In 2015, he obtained a career break which enabled him to launch a completely innovative project. A project where he will be able to combine two of his passions: justice and blockchain. “I got involved in blockchain in 2016 with a conviction as strong as that which pushed me to promote free software for many years. I arrived in the blockchain via the communities of Linux developers “, says David Schmitz.
When it decides to launch, Ethereum – name of the decentralized and open-source blockchain system that has its own cryptocurrency – existed. “This is a key element, insists Mr. Schmitz , because Ethereum brought new layers of programming, especially for everything related to smart contracts. This is where I saw the potential that this technology had to reorganize a whole series of value chains or even reinventing certain economic and social models. The logion project was born from my wish to link my skills in the field of justice with that of blockchain technology “.
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David Schmitz, designer and founder of the public blockchain logion. © DR
For David Schmitz, it is much more than a news additional technology. The “blockchain”, underlying the spectacular rise of cryptocurrencies, is a way of thinking “community, free, shared”, which pushes new economic and social and organizational models, with the objectives of increased transparency, traceability, more direct and more inclusive governance. “With the Polkadot community, in which we are strongly involved, we consider that community and open-source sharing is one of the pillars of the construction of the future Web 3.0 (or decentralized Web, Editor’s note) “.
A first project launched, two others under construction Based on the open-source Substrate-Polkadot technology, logion is a public blockchain whose nodes are maintained by a European network of judicial officers. “These are people from the legal world who receive specific skills from the public authorities and who act within a very strict legal and ethical framework” . Logion’s vocation is to take these skills, which exist in the real world, to use them also in the world of blockchain. This covers certification, protection of assets and documents, production of bailiff’s statements that can be used as evidence in court, etc.
Logion, which aims to connect to the Polkadot ecosystem (initiated in 2017 by Gavin Wood, co-founder of Ethereum), has already completed a first project of wallet to secure digital assets and financial transactions. Two other projects are underway: the certification of digital works (with creation of tokens no fungibles or NFTs), which are scheduled to start up before the end of this year, and a stablecoin system secure to reward its users.
As we explained at the beginning of the week ( La Libre , 5/10 ), the WING by Digital Wallonia fund provided financial support for this Walloon project with European influence. In return, WING obtained “shares” materialized by tokens (digital tokens).
In short
Investors: private funds and WING by Digital Wallonia.
Site: https: //logion.network
Particularity: David Schmitz is the partner of Antoine Baduel, founder of radio FG in France.
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