Jae Yang CEO Tacen Inc talks about presentation Bridging the Chains: Cross-chain Operations


– Welcome, Jay. So good to see you again. – Thank you for having me again. (both laugh) – I was wondering if you could tell me about what you’re working on at present. – Yeah. So, I’m working
on a company called Tacen. We’re creating a non-custodial
cryptocurrency exchange, so when you go to a centralized exchange, you have to deposit your funds, and you have to register and
give up all your private info, so we’re trying to change the equation. So, we’re trying to make a exchange where traders have
control of their own funds and they don’t have to
worry about, you know, their funds being stolen by
hackers and so on, and so forth. – And, particularly, what happened with that Canadian exchange the beginning of this year.
– Oh, boy. – That was terrifying, wasn’t it? – Yeah. – All those people lost all that money. – Yeah, I mean, the
jury’s still out there. We have no idea what happened. All right, so it’s possible that it’s actually inaccessible, but, you know, you should never be subject to that kind of scenario, right? I mean if you’re just
trading your own money that’s a disaster. I think that’s just a very bad management on their end.
– Yes, definitely. (lady laughs) – At the very least they
should have had some other way to recover the funds. – Yes. And so, thank you again for offering to do this presentation for Code The Blockchain. Could you talk a little bit about that? – Yeah, sure. So my title
of the talk is going to be called Bridging The Change. And so what’s interesting is that you have all these block
chains that are, you know, projects that are coming up, and they have their own networks, but problem is, they all have
different functionalities, and protocols, and you
have no, you know, I I have no idea,
– Yes. – how all of them will fit together. – Yes. – And they might never fit together. So the subject of the talk is about different projects that are emerging that is trying to bridge that gap. So like different cryptocurrencies or different blockchain that works, and how they’re going to
interact with one another, how those multiple events
coming out and in from one can affect the other,
how do you clear funds, how do you do swaps, and more importantly, like, if you break it
down to bare minimum, what are the building blocks that make these inter-operations possible? So I’ll be talking more of those. – And that’s great because
really there does need to be more holistic like view of it all, and everyone’s obviously,
because it’s such early days, everyone’s working on their own projects, and that’s great for
innovation, but in the end it all has to come together, so that we can actually
use everything, right? – That’s right. Yeah. So I mean there are some
interesting projects that are coming up,
– Yes. – and I don’t own any of
the talkers, fortunately, – Yes. so I can talk with very
unbiased perspective, right. – Yes. – And more importantly,
what I want to do is, break it down to why did these projects decide to go the way that they have. Like, what is the reason why they did it that way?
– Ah. Very good. – So I’ll be talking about
those more precisely, like, for an example, there is a concept called oracle, where blockchains need to get information from outside of its own ecosystem, and, but how do you know the, you know, just hitting a website from outside the ecosystem, is correct? So there is a solution to that as well. So that’s just one example of operation between blockchains, outside world, and between blockchains.
– Fantastic. Well, I, for one, am looking forward to that, and we’ll definitely
set a date in Menlo Park for you to do that. – Yeah. I’m happy to do this, anytime, and hopefully it’ll just
make a lot of people a lot more comfortable engaging with different blockchain technology. – Yes. Yes. A lot more clarity, I would say, and that
holistic view, I think, is really needed. Thank you again, Jay. – No, thanks for having me. – Take care.

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