Anything that you exchange digitally with anyone, anywhere, is not private by any privacy standards; including information exchanged on your “private” intranet corporate networks. You will read all about this in the Jameel Sharif interview below…
SOLVING A GLOBAL PROBLEM
The purpose of our ICO is to bring you a system through which you can exchange confidential digital assets or files with absolutely no interference from any third party, not even an administrator.
P2PS is the world’s first blockchain-powered, secure, pure peer to peer, interference-free, digital communications platform designed for everyone with a need to securely store and exchange digital data such as private data, medical records, banking data and government classified data, among other sensitive digital exchanges. Such platforms today are simply nonexistent.
Q: Hi Jameel! Thanks for your time and for joining us today. Can you tell us more about yourself and the P2PS Project?
A: Hi Radu, thank you for giving me the opportunity to interact with and address you as well as your audience.
Sure. In brief, one of the things about me is that I am a third generation entrepreneur trying to challenge the status quo prevalent in some industries in order to bring user-friendly, effective and efficient solutions to its end users. I have also been a successful intra-preneur having built successful companies during early years of my career. My recent entrepreneurial ventures, that can be considered notable, have been co-founding Electronic Learning Inc., a concept popularly known today as eLearning. That was in 2004. Thereafter, in 2010 I co-founded Innovative Solutions International Inc.; and that eventually gave birth to P2PS.
P2PS project is the world’s first blockchain-powered, secure, pure peer to peer, interference-free, digital communications platform with no comparable substitutes, alternatives or parallels. P2PS is designed for everyone with a need to securely exchange digital data such as private data, medical records, banking data & government classified data, among other sensitive digital exchanges. Such platforms today are simply nonexistent.
Q: What do you think is the biggest problem P2PS will solve and why is it important to solve?
A: The biggest problems P2PS is attempting to solve are related to data security and privacy that have been identified as global problems. They are costing the world no less than about $500 Billion annually. Data security is extremely important to both government establishments as well as corporate institutions. The biggest challenge encountered today is transferring sensitive digital information and assets from point A to point B without any other person having any kind of access to it.
As you may be aware anything that you exchange digitally with anyone, anywhere, is not private by any privacy standards; including information exchanged on your “private” intranet corporate networks.
Q: How did you come up with the idea of P2PS?
A: Back in 2010 our team was trying to explore possibilities of sending copyrighted material from education material publishers over to lock down computer devices used by the educational system developed by Electronic Learning Inc. We did not find any viable and effective solution on a global level that could send such copyright material in the form of large digital data files from one device to another or even several devices without having a copy of that transmission saved on the servers. That triggered the process of exploring possibilities of developing our own system to overcome the challenges we were facing.
Therefore, we started the research and development process and developed our own proprietary push-system. Subsequently, we went to banks and in talking to the fintech professionals, we discovered that they too were facing similar challenges since predominantly all banks use locked down systems where the end users are not allowed to use any kind of a USB flash drive or CD and DVD drives.
After that we researched the government establishments and medical facilities. It was a long process trying to determine our target market segments that could use the push-system we had built. Almost everyone trying to exchange sensitive digital information were facing similar challenges and that prompted us to undertake further research related to the market size.
The results were mind boggling. We found that only from 49 countries we have a total available market of about 1.5 billion end users off which the serviceable obtainable market is about 772 million end users. That was big enough for us to start the ball rolling and subsequently build a system that’s easy to use and intuitive to the habits of end users. So, here we are with a fully functional product ready to be integrated on the blockchain to make it even more efficient for all stakeholders.
Q: Tell us more about the Push System Protocol and how it works.
A: The Push System protocol is essentially a decentralized, secure, and interference-free protocol for locked-down digital devices and services that are used by stakeholders, including but not limited to government, medical and pharma, digital education and delivery, banking and finance, and other corporate sectors.
Although the Internet has grown at an exponential pace, there are no known peer-to-peer Push System platforms that are secure, user friendly, private, and interference-free from third parties, except the Push System protocol developed by us. End users, whether individuals, government entities, banking institutions, or corporates, are currently forced to choose between security and privacy, thereby sacrificing one for the other without being convenient or cost-effective.
Q: Talk a bit about the P2PS Rewards system.
A: P2PS Rewards would be administered initially by the P2P Solutions Foundation. However, the rewards system would soon become decentralized and be built on technology used by Ethereum’s smart contract. With a focus on integrating various applications and digital services into the decentralized P2PS ecosystem, P2PS Rewards will use economic incentives. P2PS does not endeavor to reinvent the wheel but rather to leverage the already tried and tested systems successfully used by the likes of Bitcoin and others.
P2PS Rewards will encourage digital service providers to adopt P2PS and transition into being partners of the P2PS ecosystem. The P2PS ecosystem will adhere to common ethics and industry best practices. Transactions will not impose non-essential constraints on monetization. Therefore, the network impact of the P2PS ecosystem is anticipated to grow steadily, thereby increasing the value of the P2PS token due to further proliferation. A positively disruptive growth creates an ecosystem that would bring in additional participants and service providers who would be consistently encouraged to join the P2PS initiative.
Q: What has been your happiest moment so far working on the P2PS project?
On the flipside, what has been the most painful, or perhaps the most regretful decision you’ve made with the P2PS project?
A: The happiest moments so far in working on the P2PS project have been when industry leaders and stalwarts such as Mr. David Drake, Mr. Ken Tachibana, Mr. Ian Scarffe, Mr. Sean Brizendine and few others agreed to extend their unconditional support to our project.
On the negative side, we had a few painful moments. Most regretful decision we ever made as a team was firstly when our admin team was approached by a seemingly friendly translator on the Bitcointalk forum. Subsequently, the translator not only presented totally unacceptable translation work but also turned out to be a fraudster, scammer and blackmailer. My team and I hope that no other ICO would use his services and surrender to his blackmail attempts. Due to the blackmail attempt, we lost a substantial amount of time and our ICO suffered a great deal. However, we have refused to succumb to his blackmail attempts and will continue to do so in the hope that the administrators of Bitcointalk forum will take appropriate action against that person. Other than that, we have had a smooth sailing so far.
Q: What do you think is the biggest challenge or obstacle P2PS will face? How do you plan to tackle that challenge?
A: The biggest challenge that would be faced by P2PS is companies with liquidity or individuals with deep pockets trying to run us down by copying our concept and code and beating us to market. Therefore, one of ways we have planned to mitigate that risk is to defer putting our code on the github until after we are fully funded and are operating in a few countries.
Q: Where do you expect The P2PS Project to be in a few years in terms of progress and success?
A: Currently every sector you can possibly think of is transitioning to digital transactions. The reality is that there is no other system offering you the security combined with privacy needed during exchange of sensitive digital information. P2PS is the only platform offering security as well as privacy through a pure peer to peer, interference-free communications network to exchange sensitive digital data. Moreover, there are many use cases for the P2PS system. With a total available market of 1.5 Billion end users from just 49 countries, going forward we are looking at some serious numbers in terms of our bottom line.
Therefore, we anticipate a huge demand after the proliferation of the P2PS platform and P2PS is adopted as the preferred system to exchange sensitive digital data in some of the 49 countries.
Q: Moving on to more personal stuff, what does a typical day in your life look like?
A: The most interesting part of my life is that there is no such thing as a typical day for me. Each day is different; but very exciting and satisfying.
All my days are carefully planned to ensure that the most urgent and important tasks, with high priority, are accomplished first. I always start my day with meditation. Most of my day is dedicated to productive work. I usually put in about 16 to 18 hours of productive work every single day making sure that all of the day’s work is completed before my head hits the pillow. You will usually find me working about 14 to 16 hours during weekends too. No matter how busy my schedule may be, on a daily basis I take out 30 minutes for physical fitness activities, during which time I come up to speed on current affairs. In my opinion, taking on the day to day challenges and solving them effectively as well as efficiently is a very satisfying experience for any entrepreneur; and I guess I am no different.
Q: What is your “bird’s eye view” of the blockchain industry as a whole?
A: The blockchain industry today is comparable to the advent of the internet about 40 years ago. It is young, but positively disruptive. For some people, blockchain is about a paradigm shift whereas for others it is all about a ledger that can be trusted like nothing else. The Blockchain ledger makes transactions transparent, extremely efficient, and completely secure. Once a record is written into the blockchain ledger the records cannot be tampered. Not only that, the record has a unique key that is totally unhackable.
Dependencies are created when the next record is written which has its own unique key referencing the previous record; thereby creating a chain. Since blockchain eliminates intermediaries from transactions, it empowers the end users to create a trustless, decentralized system of secure, tamper-free transactions. Therefore, I strongly believe that going forward we will witness the transitioning of all transactions onto the blockchain.