1000x slowdown is bad but not a complete deal breaker. Do you have a sense of what a reasonable achievable factor is? Do you have sense for how long before we get to that achievable factor?
Local compute is preferable where possible. There are cases where computation needs to be performed remotely. For example, when collecting data from remote entities while preserving privacy by allowing each entity to retain ownership of the encryption keys used to protect its data. At Belfort, we are exploring such applications, such as
