Netki’s Post

How a company handles a massive outage like what CrowdStrike is experiencing can make or break a company and its team. In the late '90s, I worked at NetZero, the largest free ISP in the U.S. One day, a seemingly small error spiraled into a massive crisis. An employee mistakenly pushed a completely blank phone list to every single customer on our network. Instantly, millions of users across the country were unable to access the internet. No emails, no meetings, no online activities—our service was paralyzed. We were dead in the water. Chaos ensued. Our tech team, from Level 1 technicians to the CTO, scrambled to find a solution. With users unable to dial in, we couldn't push out a new phone list. The average wait time in our call center, which I managed, soared from three minutes to over three hours. We were unable to provide any ETA because we had no idea how or when we would resolve the issue. In many organizations, such a crisis would trigger a hunt for the responsible party—a blame game. Executives would demand names, looking for someone to hold accountable, someone to shame. But at NetZero, we chose a different path. Justin N., my current co-founder at Netki and the VP of Engineering for NetZero at the time, took full responsibility. He declared, “As the VP of Engineering, it was my responsibility to anticipate and prevent these incidents. This outage is 100% on me.” He shielded the individual who made the mistake and focused on finding a solution. After several hours of intense work, the software engineering team developed a workaround, and service was restored. The relief and celebration that followed were profound. Not a single person was fired. Instead, we conducted a calm, thorough post-mortem analysis, focusing on: - What happened - Why it happened - How to prevent it in the future, and - Are there other processes or systems at risk of similar issues? The entire team witnessed this response. They saw leadership address the issue as an honest mistake, something any one of us could have made. They saw a focus on moving forward, not on assigning blame. This approach fostered an environment of safety and trust. Employees learned that day that they too could own up to mistakes without fear of losing their jobs, promoting transparency and collaboration. This pivotal moment transformed our company culture. Future issues were promptly addressed by teams working together, not by individuals hiding errors out of fear. This ethos of honesty and teamwork became the bedrock of our success. To this day, when I meet former colleagues, they often reminisce, "NetZero was the best company I ever worked for." That is the legacy of leadership with integrity. To the Crowdstrike team, I wish you the best in navigating your current challenges and seizing this moment to demonstrate exceptional leadership. #management #leadership #CrowdStrike

🌎 The global Blockchain Identity Management market size accrued earnings worth approximately USD 1.38 Billion in 2023 and is predicted to gain revenue of about USD 495.46 Billion by 2032, is set to record a CAGR of nearly 92.30% over the period from 2024 to 2032. 👉 Request Free Sample-https://lnkd.in/d-yx-Y-n #market #marketanalysis #marketreport #researchanddevelopment #marketshare #marketsize #share #development #newreport #newrelease #business #size #share #forecast #australia #northamerica #asiapacific #middleeast #latinamerica #unitedstates #unitedkingdom #india #japan #russia #china #saudiarabia #uae 🏭 Some major players operating in this global market are- Amazon Web Services (AWS) IBM Civic Technologies Bitfury KYC-Chain Factom Oracle Evernym (an Avast company), Inc. Netki UniquID Inc Peer Ledger Inc. BlockVerify

Digital identity verification leader Netki is coming to Sui – helping to make decentralized financial systems safer and more accessible globally. Coming soon is DeFi Sentinel – Netki’s tool for developers that automates compliance within protocols, enabling devs to focus on shipping high-impact projects instead of spending time thinking about complex regulations that often differ across jurisdictions. DeFi Sentinel provides real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance, and tax compliance, and will be integrated directly within the DeFi protocols on Sui that choose to implement the tool. Sui will also integrate Netki's OnboardID, which, for protocols that enable it, will enhance user onboarding and identity verification processes, reducing costs and simplifying compliance around the onramping process for Sui’s DeFi applications. https://lnkd.in/gybAE4iV

Financial inclusion is something a lot of folks talk about as a concept. We don't hear enough in the media about success stories. El Salvador was able to take their previously unbanked citizens and give them financial accounts on the Bitcoin network with each citizen instantly receiving $30 USD to use. I am so proud of my team Netki for being able to take over onboarding 4 million citizens of El Salvador safely and security, verifying and protecting their identity. I hope more countries pursue endeavors like this so everyone can achieve financial freedom! If you're interested you can learn more here from our interview with Dock's Nick Lambert https://lnkd.in/gb272tDq

Global Blockchain Identity Software Market Size was estimated at USD 2799.86 million in 2022 and is projected to reach USD 10550.57 million by 2028, exhibiting a CAGR of 24.75% during the forecast period. Learn More: https://lnkd.in/dRE8sWCM Major Companies Mentioned: IBM, Accenture, Kaleido, BlockCypher, Hyperledger Foundation, Digital Bazaar, Inc., 1Kosmos, BlockScore, Inc., BlocWatch, B2Lab - Consulting|Digital Trasformation|Blockchain|Web3|AI|Education|Platform, Cambridge Blockchain Labs, Civic Technologies, Credify, Dragonchain, Evernym (an Avast company), Factom, HYPR | The Identity Assurance Company, IdRamp, Monetha, Netki, OARO, Tokeny, Trust Stamp #marketresearch #industryresearch #industry #industryresearchmarket #blockchain #blockchaintechnology #blockchainrevolution #blockchaininnovation #blocksoftware #blockchainidentity #bitcoin #cryptocurrency #crypto #cryptonews #cryptoindustry #software #softwareindustry #informationtechnology #technology #technologytrends

𝗧𝗗𝗠𝗠'𝘀 𝗠𝗲𝗲𝘁𝘂𝗽 event at the 𝗬𝗮𝗰𝗵𝘁 𝗶𝗻 𝗔𝗯𝘂 𝗗𝗵𝗮𝗯𝗶 𝗱𝘂𝗿𝗶𝗻𝗴 𝗙1 𝘀𝗲𝗮𝘀𝗼𝗻 was a huge success! Despite the early hours, we were amazed by the turnout and enthusiasm shown by the attendees. A heartfelt thank you to everyone who made this event memorable. Special thanks to industry leaders Alma Ceric, Saqr Ereiqat, Charmaine Lim, Justin N., and Jordan Jefferson for their presence and support. Follow us for more such meetups. #TDMMMeetup #AbuDhabiYachtEvent #F1SeasonSuccess #NetworkingSuccess

Thirteen years ago was my first trip to the UAE for a World Economic Forum meeting. This year I chaired a working group for the WEF and moved to UAE. Life is all about cycles and growth.

Congratulations to Madeline Hilliard and Amanda Grennan for making the 2024 Forbes 30 under 30 list. So many people, when faced with tragedy, feel helpless and don't know what to do. Madeline took a personal tragedy, losing a friend to a drug overdose, and turned it into a call to action to say "No More!". She founded DopaGE to address the growing Fentanyl crisis head-on, creating engaging online education modules for college students knowing that successful prevention starts with honest conversations. Amanda also came into this work from a place of personal connection to the issue inside her own family. Together they bring a passion to addressing this issue far better than our generation's "Just Say No". Madeline has coined their approach to this generation as "Just Say Know". Knowledge is power and has been repeatedly proven to be the best medicine for prevention. Madeline, Amanda, and their team have already saved numerous lives including one courageous student who shared his story to spread awareness to others on ABC's Nightline. If you are a university or fraternity you should reach out to learn how you can help save student lives. If you are an investor, DopaGE is a company to watch! https://lnkd.in/gfEHDnGr

Welcoming #Hub71Cohort13! We are thrilled to announce 23 startups that have joined our thriving community. Among them, 7 startups have become part of Hub71+ Digital Assets and 16 startups have joined the Company Building Program that offers comprehensive support packages to nurture the potential of high-growth businesses. Meet the first 7 startups as part of Hub71+ Digital Assets: 📊 FinTech: CrunchDAO, Avantgarde and Overnight.fi (USD+) 🌍 ClimateTech: Momint 💻 Ecommerce & Gaming: droplinked & Param Labs Inc 🛡 Cybersecurity: Netki To know more about our new Cohort13, visit https://bit.ly/3SfQomD Arnaud Castillo | Mona El Isa, Chris Taylor | Maxim Ermilov | Ahren P. | ali sammour | Anthony A. | Justin N. #TechEcosystem #Startups #inAbuDhabi