Cardano Summit 2023: Kabir Veitas on Governance and NuNet's Role in the Cardano Ecosystem
Summary
TLDRAt The Cardano Summit in Dubai, Rella Hernandez interviews Kabir, CEO of Nunet, about the company's mission to build a global economy of decentralized computing. Kabir explains the concept of decentralized computing and its potential to empower individuals with computing capabilities to sell their power for various applications such as AI and IoT. He discusses the alignment of Nunet's goals with the Cardano ecosystem, highlighting the importance of a secure and efficient infrastructure for communication and transaction settlement. The conversation touches on the broader industry trends, with Kabir expressing excitement about the transformative potential of blockchain technology for society and its alignment with the Cardano's focus on long-term sustainability and interoperability.
Takeaways
- 🌐 The Cardano Summit in Dubai is a key event discussing the current era of blockchain and governance.
- 🤖 Kabir, CEO of Nunet, emphasizes the importance of decentralization in the blockchain space, aligning with the foundational promise of the technology.
- 🔍 Nunet is focused on building a global economy of decentralized computing, allowing for workflows without central authority control.
- 💡 Decentralized computing empowers individuals and businesses to sell their computing power, contributing to a broader, more distributed network.
- 📈 Nunet's mission involves creating the necessary infrastructure for secure and efficient communication between devices and the settlement of transactions.
- 🚀 The company is blockchain agnostic and is exploring different blockchains to provide the required functionality for their platform.
- 🌟 Cardano is chosen as a preferred blockchain for its long-term vision, interoperability, and the ecosystem's alignment with Nunet's goals.
- 🔗 Interoperability is crucial for the future of blockchain, allowing different technologies to work together without constraints.
- 📊 The industry is excited about the potential for technology to enable societal progress beyond traditional governance models.
- 💚 Nunet is particularly interested in the future of blockchain technology and its ability to foster a more philosophical and conceptual approach to community building.
Q & A
What is the current era of Cardano focused on?
-The current era of Cardano is focused on governance, aiming to achieve decentralization which is a fundamental promise of blockchain technology.
What does Nunet aim to build?
-Nunet aims to build a global economy of decentralized computing, where computing resources can be shared and utilized without a central authority governing the data and processes.
What does decentralized computing mean for an average person?
-For an average person, decentralized computing means that they can use their computing capabilities, such as a phone or computer, to sell computing power to those who need it for tasks like AI algorithms, IoT, and edge computing.
What is the mission of Nunet?
-Nunet's mission is to create the infrastructure necessary for decentralized computing to happen. This includes secure communication between devices, the ability to settle transactions, and a payment layer for compute devices.
Why did Nunet choose Cardano for its infrastructure?
-Nunet chose Cardano because it offers long-term thinking, interoperability, and a well-thought-out approach to blockchain technology, which aligns with Nunet's own long-term vision.
How does Nunet plan to use blockchain technology?
-Nunet plans to use blockchain technology for its settlement layer, security layer, and transaction layer. They are blockchain agnostic and selected Cardano for its ability to provide these functionalities.
What is the importance of interoperability in the blockchain industry?
-Interoperability is important because it allows different blockchains and technologies to work together, which can lead to more innovation and flexibility in the industry without being constrained to a single platform.
What is the speaker's perspective on the future of blockchain technology?
-The speaker is excited about the potential of blockchain technology to enable societal progress and provide an alternative to traditional governance models, offering new possibilities for the future.
What is the role of the community in the development of blockchain ecosystems?
-The community plays a crucial role in building and shaping the blockchain ecosystem. It's not just about the technology but also the collective efforts, philosophy, and conceptual framework that drive innovation and progress within the ecosystem.
How does the speaker view the trend of focusing on a single blockchain platform?
-The speaker acknowledges the existence of many public blockchains and believes that there is a tendency towards tribalism, such as Bitcoin maximalism. However, they advocate for the freedom to choose a platform while also embracing interoperability and collaboration.
Outlines
🤝 Introduction and Discussion on Cardano's Governance
The paragraph begins with Rella Hernandez, the host, introducing the setting of The Cardano Summit in Dubai and her guest, Kabir, the CEO of Nunet. Kabir discusses the current phase of Cardano, focusing on its decentralization efforts which align with the foundational promise of blockchain technology. He expresses excitement about the depth of engagement with governance within the Cardano ecosystem, highlighting its potential to innovate in a domain as fundamental and historical as governance itself. The conversation then shifts to the relationship between Nunet and Cardano, with Kabir explaining that Nunet is building a global economy of decentralized computing. This concept means enabling computing workflows without a central authority, allowing individuals and entities to offer their computing power for various applications, including AI algorithms, IoT, and edge computing. The infrastructure that Nunet aims to provide involves secure communication between computing devices and a settlement layer for transactions. The choice of Cardano for this endeavor is attributed to its long-term vision, interoperability, and the alignment of Nunet's goals with the Cardano ecosystem.
🌐 Interoperability and the Future of Blockchain
In this paragraph, the discussion continues with the topic of interoperability in the blockchain industry. Kabir shares his thoughts on the existence of multiple public blockchains and the perceived tribalism within the community, such as Bitcoin maximalism. He advocates for a more open-minded approach that values interoperability without limiting the use of other technologies. Kabir expresses his excitement about the potential of technology to drive societal progress, viewing it as a beacon of hope in contrast to traditional governance models. He emphasizes the importance of the philosophical and conceptual foundations of blockchain technology, which extend beyond the technical aspects. The conversation concludes with Kabir's acknowledgment of the Cardano ecosystem's alignment with these principles and its progress towards achieving them.
Mindmap
Keywords
💡Cardano
💡Governance
💡Decentralization
💡Nunet
💡Decentralized Computing
💡Blockchain
💡Interoperability
💡Off-chain Computing
💡Containerization
💡Edge Computing
💡Settlement Layer
Highlights
Rella Hernandez is interviewing Kabir, CEO of Nunet at The Cardano Summit in Dubai.
Cardano is currently in the era of governance, focusing on decentralization.
Decentralization is a fundamental aspect of blockchain technology and the Cardano ecosystem.
Nunet is building a global economy of decentralized computing.
Decentralized computing allows for workflows without a central authority governing data and processes.
The average person can contribute their computing capabilities to the network.
Nunet's mission is to create infrastructure for decentralized computing, including secure communication and transaction settlement.
Nunet is blockchain agnostic and seeks a blockchain that can provide the necessary functionality.
Cardano was chosen for its long-term vision and focus on interoperability.
Interoperability is a key aspect of the future of blockchain technology.
Kabir expresses excitement about the potential of technology to enable societal progress.
The Cardano ecosystem is seen as having a lot of philosophical and conceptual depth.
The future of blockchain lies in its ability to empower communities and enable new ways of thinking.
Nunet's prototype MVP was built on Serum on Solidity, showcasing flexibility in technology adoption.
The importance of having a secure and transactional layer for decentralized computing is emphasized.
The Cardano Summit is a platform for discussing the future of blockchain and its applications.
Kabir sees the Cardano ecosystem as well thought out for the long term.
Transcripts
[Music]
hey guys I'm Rella Hernandez with web3
TV and today I'm at The cardano Summit
in Dubai joining me here we have Kabir
who is the CEO of nunet one of the
exhibitor companies how are
you uh so you just said I'm kab and of
nunet I guess the question was about
nunet so we have no no how are you doing
how's it going today very well I see a
lot of topics about governance which is
the next or basically the current ERA of
cardano okay and yeah pretty exciting so
why why is that the the current phase
that cardano's in right now what are
they trying to
achieve well they basically
decentralizing which was the promise of
blockchain as a as a space yeah in
general everyone trying to that and it
seems that cardano ecosystem
is well first of all what really excites
me is that there are people who sort of
it at a very fundamental level which is
I mean governance is is as old as human
society is a problem of governance so
you really have to dig deep in order to
find something new and better and it
seems that this is this is a place okay
and so what is the relationship between
Nets and the cardano ecosystem so uh
well so first nunet what we are doing we
are building uh global economy of
decentralized computing or what does
that mean exactly decentralized
Computing decentralized Computing is
where you can do certain Computing let
say workflows where
everybody everybody needs Computing
nowadays uh without a central Authority
which governs all the data and all
Computing and all processes that are
happening there okay but what does that
mean for like an average joke person
what what is Joe I'm not sure I
can I'm not sure I know what it is but
uh basically it means that everybody who
has certain Computing capabilities
devices which basically everybody does a
phone a computer well a phone let's say
let's say well or maybe something more
powerful because there are also small
businesses kind of people are gaming
which have I mean they have pretty
powerful computers they can use it in
order to sell this computing power for
people who are building well Computing
certain whatever they need to compute AI
algorithms iot Edge Computing all kind
of things where you basically there is
this notion of edge Computing where you
you sort of spread the compute work to
the edges of the network rather than
putting everything into one cloud or
centralized clouds in in very specific
places of the world because Computing
compute devices now up all over the
place okay we all have quite a few of
them all right so what is the mission
behind nunet what are you guys trying to
do so it's infrastructure to make that
happen and infrastructure means that all
the computer devices all the let's say
algorithms or whatever containers that
are running on those devices they have
to communicate to each other in order to
make it happen they have to communicate
securely they have to be able to
basically connect to the settlement
layer to settle transactions between
each other let's say you should be able
to deploy algorithm somewhere and that
algor and you should be able to pay for
the compute device which runs your
algorithm okay and that Compu device
will tell itself how much it wants and
why work with
cardano uh so we are using blockchain as
uh so basically all we are kind of doing
Computing itself offchain based on the
offchain based on the current
Technologies of containerization ET and
so so for which are pretty well
established uh however we need
settlement l layer we need security
layer and we need payment layer
transaction layer and so we basically
blockchain agnostic and we were looking
at what kind of blockchains can provide
us this
functionality and that is let's say the
First Choice well we build we build our
prototype of MVP on on a serum on on on
solidity but then looking further into
the future cardano is is seems to be the
choice why you say that well because
because I'm kind of participating we are
participating in cardano well
Summit so one thing that I said is it's
very well thought of for the long term
therefore since we are also thinking of
long term seems to
be best aligned let's say another thing
I just just just listened to Charles
hoskinson's talk about interoperability
that basically it doesn't also uh let's
say constrain us to use other
Technologies right and that's you
shouldn't limit yourself y
right but why is that then why do you
think right now we have so many
different public blockchains and people
are
like if the goal is interoperability
then why do we have so many different
ones like why are people focusing on
just cardano or just ethereum like I
feel like there's too much tribalism at
times like Bitcoin Maxis for example why
don't why isn't there more of this
well improper ability so from
the in principle I I I also I I don't
see a problem with that no okay I mean
okay as long as we can have our own
let's say opinion and and that opinion
doesn't prevent others to do what they
let's say want to
do fine with being uh just on cardano
just on on on on bitcoin and not
accepting any sales unless this sort of
prevents others to to do let's say other
things like
interoperability right makes sense okay
and um what else going on in the
industry whether it's the market right
now uh Bitcoin is rallying like what
else do you think is is are you looking
at are you interested in are you hoping
to
happen I think I missed one of the words
oh of your question okay what are you
excited about in the industry like is it
the market rallying is there a certain
Trend right now that you're looking at
besides what you do at nunet is there
anything else that you're excited about
well I'm excited about possibility of
the technology to pretty
much
uh enable Society to go
forward it seems to
me one of the not a lot of let's say one
of
the as I said not not a lot of kind of
lights for the future not a lot of not a
lot of lights are kind of from the
traditional way of of governments that I
see now but this is one of them okay and
this is what I excites me it's kind of
pretty
probably AB not even ABS General way of
thinking yes just the few fure but
that's what excites me okay the future
of blockchain all right well thank you
so much for your time future of
governance that blockchain can provide
that would be more correct blockchain is
basically a technology a technology
stack somebody from a Serv this and then
it depends how you use that technology
style not only technology sty of course
the technology is important but then all
the community people who are kind of
trying to build something which comes
down to pretty much philosophy and all
the conceptual stuff that is as I said
is seems to be that cardano ecosystem
has a lot of
this not exactly in place but at least a
lot of things there getting there okay
about all right well thank you so much
for your time
[Music]
today
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