ByteTrade Lab

About ByteTrade Lab

ByteTrade is developing a decentralized operating system, Terminus OS, that utilizes personal edge nodes and decentralized identifiers (DIDs) to enable users to maintain ownership of their data without reliance on centralized entities. This infrastructure addresses the lack of user control over personal data in the Web3 ecosystem by providing secure storage, private key access, and direct communication capabilities across multiple blockchains.

```xml <problem> In the current Web3 landscape, users lack control over their personal data, relying on centralized entities for storage and communication across multiple blockchains. This creates vulnerabilities regarding data security, privacy, and ownership. </problem> <solution> ByteTrade is developing Terminus OS, a decentralized operating system designed to return data ownership to users. Terminus OS leverages personal edge nodes and decentralized identifiers (DIDs) to provide secure storage, private key access, and direct communication capabilities across various blockchains. The system allows users to self-generate and solely own their DIDs, eliminating the need for centralized party involvement. Personal private data can be cached and saved in the node, holding user's verifiable credentials to interact with real-life applications and dApps. </solution> <features> - Personal Decentralized Identifiers (DIDs) for individuals, groups, DAOs, and entities. - Self-generated DIDs owned solely by the user, eliminating reliance on centralized parties. - Personal storage hub accessible only with a private key. - Edge computing kernel for running applications requiring high computational power in a decentralized manner. - Support for multiple blockchains, acting as a multi-chain portal. - Open protocol allowing attestation through blockchain-based DIDs. - Peer-to-peer instant messaging capabilities. </features> <target_audience> The primary target audience includes Web3 users seeking greater control over their personal data, as well as developers building decentralized applications that require secure and private data management. </target_audience> ```

What does ByteTrade Lab do?

ByteTrade is developing a decentralized operating system, Terminus OS, that utilizes personal edge nodes and decentralized identifiers (DIDs) to enable users to maintain ownership of their data without reliance on centralized entities. This infrastructure addresses the lack of user control over personal data in the Web3 ecosystem by providing secure storage, private key access, and direct communication capabilities across multiple blockchains.

Where is ByteTrade Lab located?

ByteTrade Lab is based in Singapore, Singapore.

When was ByteTrade Lab founded?

ByteTrade Lab was founded in 2022.

How much funding has ByteTrade Lab raised?

ByteTrade Lab has raised 50000000.

Location
Singapore, Singapore
Founded
2022
Funding
50000000
Employees
14 employees
Major Investors
SIG China (SIG Asia Investments)
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ByteTrade Lab

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

ByteTrade is developing a decentralized operating system, Terminus OS, that utilizes personal edge nodes and decentralized identifiers (DIDs) to enable users to maintain ownership of their data without reliance on centralized entities. This infrastructure addresses the lack of user control over personal data in the Web3 ecosystem by providing secure storage, private key access, and direct communication capabilities across multiple blockchains.

bytetradelab.io200+
cb
Crunchbase
Founded 2022 – Singapore, Singapore

Funding

$

Estimated Funding

$50M+

Major Investors

SIG China (SIG Asia Investments)

Team (10+)

Frank Hu

COO

Company Description

Problem

In the current Web3 landscape, users lack control over their personal data, relying on centralized entities for storage and communication across multiple blockchains. This creates vulnerabilities regarding data security, privacy, and ownership.

Solution

ByteTrade is developing Terminus OS, a decentralized operating system designed to return data ownership to users. Terminus OS leverages personal edge nodes and decentralized identifiers (DIDs) to provide secure storage, private key access, and direct communication capabilities across various blockchains. The system allows users to self-generate and solely own their DIDs, eliminating the need for centralized party involvement. Personal private data can be cached and saved in the node, holding user's verifiable credentials to interact with real-life applications and dApps.

Features

Personal Decentralized Identifiers (DIDs) for individuals, groups, DAOs, and entities.

Self-generated DIDs owned solely by the user, eliminating reliance on centralized parties.

Personal storage hub accessible only with a private key.

Edge computing kernel for running applications requiring high computational power in a decentralized manner.

Support for multiple blockchains, acting as a multi-chain portal.

Open protocol allowing attestation through blockchain-based DIDs.

Peer-to-peer instant messaging capabilities.

Target Audience

The primary target audience includes Web3 users seeking greater control over their personal data, as well as developers building decentralized applications that require secure and private data management.