Visions of Blockchain Magazine Visions of Blockchain Pillar Unepisode | Page 14

We meet
Tomer Sofinzon
in a place beyond
the pines,
we take off our
helmets and
breath cautiously.
VoB: So firstly, could you please quickly introduce yourself?
Tomer: I’m Tomer Sofinzon, co-founder of the Pillar Project.
VoB: You’ve done a pretty important job. Last year, you raised more than 20 million.
Tomer: Yeah, Ether was pretty low at that time so we raised quite a lot. We’ve been very
lucky to have many contributors that really believe in the product.
Pillar is a gift to the world. It’s an open protocol and a foundation.
It was not designed to be a profit-making company.
That’s why we designed it as a foundation based in Zug, Switzerland. Essentially, what we’re
doing is giving back the data to the people by building personal data locker displays where
they can safely store their data.
At first, it’s going to be about tokens, cryptocurrency and being able to participate in
different kinds of ICOs: regulated ICOs, equity ICOs, as well as utility ICOs.
From there, we want to emerge as a platform where service providers are able to build on
top of that.
The users own the data:
It means that you own your data, you have the freedom to do with it what you want. For
us, this is the honest, genuine GDPR (General Data Protection Regulation) - if you want to
comply with that, the best way is to extract the personal data from service providers and
put it in decentralized personal data lockers.
So, we hope these personal data lockers are going to eventually replace all of your acco-
unts because you have all your personal information, your medical information, your kids’
school information - that’s why you need all these accounts: Email accounts, bank accounts.
Today, everyone has hundreds of accounts so not only are they hard to manage but, a
security nightmare: Each one of them is a single point of failure.