Galactica's Mission for 2024: Overcoming the Great Filter in Identity Technology
The August 2024 Galactica State Broadcast, hosted by Dave (@Citizen42_gala) from Galactica.com, introduced listeners to the core mission of the Galactica Network as articulated by its CEO and founder, Mike (@Sarvodaya_gala). The primary goal of Galactica is to build the ultimate identity stack, a system that allows social capital to be securely represented on the blockchain. Mike likened this mission to overcoming a "great filter" in the technological evolution of identity systems, emphasizing the challenges in creating a functional, scalable solution that respects individual privacy while enabling the use of private data on-chain. This mission, according to Mike, positions Galactica as a critical defense against corrupt nations and encroaching technologies like artificial intelligence.
Current State and Strategic Goals: Building the Foundations
Mike provided an update on Galactica’s current state as a new Layer 1 blockchain, highlighting the successful integration of Zero-Knowledge Know Your Customer (ZKKYC) technology with SwissBorg. This partnership is a significant milestone, demonstrating that Galactica's privacy-centric technology can function effectively within a regulated financial institution.
Galactica's immediate goals are threefold:
Mike also hinted at an upcoming announcement related to citizenship or node sales, which will further integrate Galactica’s technology into broader market applications.
Community and Sentinel Program Updates
The broadcast also featured updates on the Sentinel program, which continues to play a vital role in Galactica's development. Sentinels, who act as Galactica's ambassadors and educators, are currently testing the new Cypherbook, which will serve as the primary interface for user identities on the Galactica Network. A new onboarding experience and community campaign are being developed with their help. The Sentinels' involvement in these initiatives underscores their integral position within the Galactica ecosystem.
Growth and Partnerships: Expanding Galactica’s Ecosystem
Alex (@AlexanderKaln1), Galactica’s Chief Growth Officer, provided insights into recent growth efforts, particularly the development of ct.com, the first major project built on Galactica. Ct.com aims to showcase the value of reputation in the Web3 space by allowing influencers and key opinion leaders (KOLs) to validate their contributions and earn rewards based on their social reputation.
Another significant partnership mentioned was with Third Web, a platform that facilitates rapid development within the Galactica ecosystem. This collaboration aims to empower creators by enabling them to quickly turn their ideas into live products, streamlining the path from concept to market.
Technical Progress: Enhancements to the Galactica Network
Nick from Galactica’s product department shared the latest technical advancements. One of the major developments is the integration with SwissBorg, which allows users to seamlessly import their KYC data into Galactica using ZK certificates. This integration has undergone internal testing and will soon be live, enhancing both privacy and security within the ecosystem.
Additional updates include improvements to the Cypherbook onboarding system, the release of a reputation-building Telegram mini-app, and the preparation of new features like data guardians and an asset bridge. The team is also working on a GNET staking interface, which will further enhance user engagement and network functionality.
Conclusion: Preparing for the Future
The broadcast concluded with a discussion on the broader financial landscape, with Mike expressing hope that regulatory clarity and favorable economic conditions will support a potential bull run in the near future. He advised startups in the crypto space to prepare for worst-case scenarios, emphasizing the importance of financial resilience.