Technology… In today’s world, technology holds a central role. Younger generations in developed countries grow up amidst technological wonders of all sorts, truly immersed in an evolving digital landscape. Any information is a click away, offering immense intellectual capital unlike ever before – and on the other hand, great distraction, misinformation, and potential for division.

Technology is a word dating back to the early 17th century, formed from the Greek tekhnologia meaning ‘systematic treatment,’ itself formed from tekhnē meaning ‘art, craft.’ Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word technology may also mean the product of such an endeavor, as it is mostly used today.

As technologies enter our world they either add on incrementally to already existing technologies (i.e., tablets) or shake everything up (i.e., television). Technology can be found in most industries and at different levels, ranging from vehicles to home appliances, passing through healthcare, education, and even entertainment. Sometimes technology replaces human labor by replicating it, other times it facilitates processes and makes labor less intensive. Some technology even surpasses human precision.

While technology has had an important role in the creation of today’s societies, it might have an even greater role for our future. Two opposite pictures could be painted: a utopia or a dystopia. The utopia of a world full of values-driven, well-constructed technologies promises an increased quality of life for all, with digital tools which, for instance, could provide or enable equal educational opportunities for all, mobility everywhere, a universal basic income and the promise of never having to work again (e.g. in the sense of wage labor).

On the other hand, a dystopia could be the result of reckless technological advancement. Questions are raised, like, will most jobs be dominated by artificial intelligence (AI) in 20 years? Will privacy become a myth, with personal data being controlled by a handful? Will consumerism rule societies and reinforce social struggles?

One technology that has been slowly taking the dystopian route is the Internet. While major Internet and Cloud infrastructure advancements were made since the beginning of the millennium through hyper-scale data centers, the current Internet infrastructure model has many flaws:

It is centralized: The GAFAM (Google, Amazon, Facebook, Apple and Microsoft) own 80% of the global compute, storage and network infrastructures. Also the global infrastructure is concentrated in the U.S in large majority, as well as Europe and China.
It is inefficient: Most of the data centers are located in the U.S, forcing the rest of the world to connect via Internet sea cables and having their data flowing outside of their borders and back.
It is not scalable: Emerging technologies require the global Internet infrastructure to triple in size in the next 4 years. It took 20+ years to build the current Internet infrastructure. So, we need to build 3 times more in 5 times less time.
It is not affordable: It costs billions of dollars and enormous amounts of energy and time to build, manage and productize hyper-scale data centers. Only the richest countries in the world build data centers and the rest of the world become their clients.
It is not private: Anyone can access Google Chrome or Facebook for free. But as outlined by movies such as the Social Dilemma or The Great Hack, if it is free, you are the product. The web’s Ad model is threatening our privacy and the net neutrality of the global internet.
It is not secure: The current IT stack depends on human error and it has been considered as the major cause of cybersecurity breaches with more than 95% of the cases. Human errors allow attackers to access encrypted channels and sensitive information
It is not sustainable: Data centers are extremely power hungry, consuming over 2 trillion gigabytes of storage and consuming around 205 TWh - More than the State of New York. According to statistics, the Internet consumes between 10-20% of global energy resources.
It cannot support future demand: To meet projected demand for 2022, more than 4,000 new data centers, costing an estimated $5 trillion, will be needed to build and consume an additional 400 GW/h. This is roughly equivalent to Japan’s energy consumption and would place an impossible strain on the global electricity grid. The rising demand for Internet storage is already causing hardware shortages and price hikes.

At ThreeFold, we want to encourage the creation of a utopian future driven by thoughtful technology. Our founders took part in the way the Internet was created, full of beautiful promises, and have seen first-hand how those promises have been corrupted throughout its evolution. By building a new Internet infrastructure from scratch, ThreeFold goes back to those original promises while having learnt from the development mistakes.

Kristof, our CEO, wrote in a blog:

“The Internet allows the expansion of our village life to become a global community. It allows us to act as a global tribe with all information at our fingertips, it offers the possibility to get equal access to all planet resources. It has the promise for global free communication, instant availability of information, unlimited opportunities for growth and education. But what happened to our Beautiful Internet?”

“The Internet allowed us to become more efficient in depriving mother earth from her resources. It allowed us to become more addicted to immediate gratification, examples are social media networks and the adult entertainment industry. Beautiful new possibilities like digital currencies became a gambling game and a source of wealth for the smartest hackers. The communication capabilities of the Internet allowed the few to manipulate the many.”

By putting people, planet and authenticity at the core of the development of our technology, we want to gift societies a remade internet. Features of this technology include sovereignty & decentralization, security & privacy, unlimited scalability, green & self healing properties, cost effectiveness, and reliability. The human is put at the center of our Internet model.

Technology should not be a tool to extort humanity, but one at the service of humanity.

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