Cardano Summit 2023: Kabir Veitas on Governance and NuNet's Role in the Cardano Ecosystem

Summary

At 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.