String Labs

String Labs is a venture-backed crypto studio, incubator & investor. We are headquartered in Palo Alto, but we work with people around the world. We specialize in originating and launching open decentralized systems that can operate without the support of trusted parties. Current projects we are incubating include: DFINITY World Compute Platform (https://www.linkedin.com/company/dfinity) DFINITY is an Ethereum family system that introduces decentralized governance via a "Blockchain Nervous System" and new third generation network protocols and cryptography. Specifically, DFINITY is a P2P network that produces a scalable virtual computer for decentralized cloud computing. The virtual computer is backed by decentralized protocol execution rather than physical servers, giving it different properties - it has no geography and is unstoppable and tamperproof - offering profound opportunities for business reengineering. For example an international financial exchange might be created and maintained at extremely low cost. Currently we are working with Boston Consulting Group DV with regards to corporate applications. Phi Autonomous Commercial Banking Phi is designed to run on decentralized cloud platforms such as DFINITY and Ethereum. The system mimics the way traditional currency such as the dollar or euro is created by commercial banks when they give out loans (traditional currency is really an IOU secured by liens on borrower's assets and personal guarantees). Autonomous Phi systems grant loans algorithmically using professional human "validators" as proxies, who are constrained by game theoretic considerations. Several international corporations have expressed interest in being validators. Our team has a diverse background, and includes some of the world's leading engineers and researchers in cryptography, distributed computing & security, as well as renowned legal / finance scholars and designers.