Read

Edit

History

Notify

Share

Greg Osuri

Greg Osuri is a technology entrepreneur and the CEO of . He is known for his work in the and cloud computing space, particularly in the development and promotion of Akash Network as a cost-effective and decentralized alternative to traditional cloud services. [1]

Career

Greg Osuri cofounded and is the CEO of Overclock Labs, creators of . Prior to Akash, Greg founded AngelHack, the world’s largest hackathon organization with over 150,000 developers across 50 cities worldwide. He launched his career at started his as a Technical Architect at Miracle Software Systems, Inc before moving to IBM to work as a consultant from 2006 to 2008. He later designed Kaiser Permanente’s first cloud architecture. [2][3]

Akash Network

In 2015, Greg Osuri and co-founded Akash Network, an open and decentralized cloud computing marketplace. His vision was to democratize cloud computing by creating a global marketplace for computing resources, allowing users to share and access server capacity and cloud services in a peer-to-peer fashion. Akash Network aims to offer a cost-effective alternative to traditional cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.[4]

AKT Token

Integral to Akash Network is the AKT token, its native cryptocurrency. Greg Osuri played a central role in the creation and development of this cryptocurrency, which is used for transactions, staking, governance, and incentives within the network.[4]

Contributions and Impact

Under Greg Osuri's leadership, has garnered significant attention in the and cloud computing sectors. He uses his platform to address the issues of centralization and cost inefficiency within the cloud computing industry, offering a decentralized and more cost-effective solution. Greg is a frequently featured speaker and was instrumental in the passing of California’s first Blockchain bill (AB 2658) providing the first expert-witness testimony at the Senate. In his testimony, he said [5]

Blockchain technology is in its infancy, but its potential impact on and benefits for commerce rivals that of the world wide web itself. And as with web technology, California is at the forefront of innovation. We’re grateful to the legislature for its leadership in protecting and educating consumers as this innovation proceeds at ever-increasing speed.

In my opinion, expanding UETA’s definitions of “electronic record” and “electronic signature” to include a record or a signature that is secured through blockchain technology is a no-brainer. Why? Because blockchain is inherently immutable and auditable. In other words, once a record is written to a blockchain, it is there forever; it cannot be altered, and it is visible to anyone with access to the chain. A blockchain is a database that cannot be hacked.

Furthermore, security is baked in using cryptography. When I sign a record with my public key, it is unalterably attributed to me on the blockchain. This is because a cryptographic key is actually a pair of keys — a public key seen by everyone joined mathematically to a private key seen only by me. So a bad actor cannot hack a database to steal my password because my private key never leaves my computer.

However, I’d suggest caution regarding smart contracts. Written contracts are often difficult to understand, but they’re at least theoretically human-readable. Smart contracts on the other hand are written in computer code. As a professional software engineer, it can be difficult for me to understand someone else’s code, to say nothing of a layperson’s ability to do so. And of course, code often has bugs which cause unintended behavior. As a result, there is a greater risk of a person committing to a smart contract that has provisions they, or even the contract issuer, do not fully understand. In my opinion, legislation regarding smart contracts must consider these important characteristics.

See something wrong? Report to us.

Greg Osuri

Feedback

Did you find this article interesting?

Twitter Timeline

Loading...

Loading

Media

REFERENCES

Join the IQ Brainlist

Sign up for the IQ Brainlist to get early access to editing on the IQ.wiki beta site!

Join Now

Subscribe to our newsletter

Never miss any of the most popular and trending articles on IQ.wiki when you sign up to our email newsletter.

Subscribe

IQ.wiki

IQ.wiki's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund Group.

https://twitter.com/IQWIKIhttps://www.reddit.com/r/Everipedia/https://t.me/everipediahttps://www.instagram.com/iqwiki_/https://github.com/EveripediaNetworkhttps://discord.gg/x9EWvTcPXthttps://web.facebook.com/everipedia?_rdc=1&_rdr

IQ

What's IQ?StakingBonds

Company

About usCareersBrandingIQ GPTIQ Dashboard

© 2023 IQ.wiki Powered By BrainDAO& IQ