Windmill Enterprises CEO Michael Hathaway Talks About Cognida
Windmill Enterprises co-founder and CEO Michael Hathaway talked to Bitsonline about his company’s latest project, the Cognida Network. This project is a “blockchain agnostic” enterprise platform that helps companies build blockchain-based businesses.
Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts
Cognida: A Blockchain Platform for Enterprises
Hathaway told Bitsonline that Cognida can be used as a blockchain-based databse, storing data that can be accessed anywhere on the network. Using the blockchain to power the platform, Cognida provides enterprises with security tools to help them enforce their own data policies, Hathaway said.
Hathaway also said being “blockchain agnostic” — having a platform compatible with any blockchain — is important to Cognida because it doesn’t want to limit users to a single blockchain.
Additionally, by making the platform compatible with any blockchain, Hathaway said it would prevent it from becoming obsolete if a certain blockchain fails. It also removes the pressure of forcing users to pick one blockchain and hope that it’s the best one, Hathaway added.
“We chose to not confuse them with another blockchain, but provide them with solutions,” Hathaway told Bistonline.
Hathaway said the platform is in the process of creating tokens, which it will release upon launch. Users will need these tokens to “establish service relationships” on the network, Hathaway said.
“[The tokens] serve to help support the Cognida open source community to provide a token revenue source that allows for ongoing development allows to incentivize developers, and essentially allow an ongoing evolution of open source development,” Hathaway added.
Currently under development, Hathaway said the team hopes to launch the platform towards the end of July 2018.
To learn more about this project and its tokens, watch the full interview video with Bitsonline from the World Blockchain Forum in New York City.
Image via Bitsonline