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.

Outlines

00:00

🤝 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.

05:02

🌐 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.

Keywords

💡Cardano

Cardano is a decentralized, open-source blockchain platform that aims to provide a more secure and scalable infrastructure for the development and execution of smart contracts and decentralized applications (dApps). In the video, Cardano is highlighted as the current era of focus for discussions on governance within the blockchain ecosystem, emphasizing its role in the evolution of decentralized systems and its potential for long-term sustainability.

💡Governance

Governance in the context of the video refers to the systems and processes by which decisions are made within a decentralized organization or network, such as a blockchain platform. It is a fundamental aspect of any decentralized system, ensuring that all stakeholders have a say in the direction and operation of the network. The video emphasizes the importance of governance in the current era of Cardano's development, as it is seen as a critical component for the success and evolution of the blockchain ecosystem.

💡Decentralization

Decentralization is the process of distributing or dispersing functions, powers, people, or things away from a central location or authority. In the context of the video, it refers to the blockchain space's goal of moving away from centralized control to a more distributed and autonomous system where no single entity has complete control over the network. This concept is central to the mission of Nunet and the Cardano ecosystem, aiming to empower individuals and small businesses by allowing them to contribute their computing power and participate in the network.

💡Nunet

Nunet is a company that is building a global economy of decentralized computing. It aims to create a network where individuals and businesses can utilize their computing capabilities to contribute to and benefit from a decentralized system without a central authority. Nunet's infrastructure focuses on enabling secure communication between devices and the settlement of transactions, allowing for the efficient and secure exchange of computing power.

💡Decentralized Computing

Decentralized computing is a model of computing where resources and data are distributed across multiple nodes or devices, rather than being controlled by a single, centralized authority. This approach allows for increased resilience, as there is no single point of failure, and can enhance privacy and security by reducing the risks associated with centralized data storage. In the video, decentralized computing is a key aspect of the Nunet project, aiming to enable a global network of computing resources that can be accessed and utilized by anyone.

💡Blockchain

Blockchain is a digital ledger technology that provides a secure and transparent method for recording transactions or any digital interaction in a way that is resistant to modification. It is the underlying technology that enables cryptocurrencies and many other types of decentralized applications. In the video, blockchain is discussed as the foundational technology for the Cardano platform and the Nunet project, serving as the basis for their decentralized systems and secure transaction settlements.

💡Interoperability

Interoperability refers to the ability of different systems or organizations to exchange and make use of information. In the context of the video, it highlights the importance of different blockchain platforms and technologies being able to work together and communicate effectively. This concept is crucial for the growth and evolution of the blockchain ecosystem, as it allows for broader adoption and more innovative solutions.

💡Off-chain Computing

Off-chain computing refers to the process of performing computational tasks outside of the main blockchain network. This approach is often used to improve the efficiency and scalability of blockchain platforms by reducing the computational load on the blockchain itself. In the video, the concept of off-chain computing is central to the Nunet project's mission, as they aim to leverage off-chain technologies like containerization to build their decentralized computing infrastructure.

💡Containerization

Containerization is a lightweight virtualization technology that allows developers to deploy applications and their dependencies in a portable and consistent environment, known as a container. This approach simplifies the process of application deployment, scaling, and management, and is particularly useful in the context of decentralized computing, where resources and services need to be easily distributed and managed across a network.

💡Edge Computing

Edge computing is a distributed computing architecture that brings computation and data storage closer to the location where it is needed, such as near the source of data generation. This reduces latency and bandwidth usage by processing data locally, rather than sending it to a centralized data center. In the context of the video, edge computing is a key concept in the Nunet project, as it allows for the distribution of computing tasks to devices at the edges of the network, enhancing the efficiency and responsiveness of the system.

💡Settlement Layer

A settlement layer refers to the system or protocol that facilitates the exchange of assets or the settlement of transactions within a network. In the context of blockchain and decentralized systems, it is a critical component that ensures the secure and efficient transfer of value between parties. In the video, the settlement layer is an essential part of Nunet's infrastructure, enabling the secure exchange of computing power and services within their decentralized network.

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