Left Behind

Innovation often arises from the combination of various elements, such as technologies, companies, and management ideas that can be applied across different sectors. Open source is an example of such an idea that jumped form one field to another.

One exercise that I like to do from time to time is to visualize our company in an image:

No hay texto alternativo para esta imagen
Explain your company in an image

To explain our company in an image, I would envision a Venn diagram where one circle represents the traditional financial system (Fiat) and the other circle represents the decentralized finance ecosystem (DeFi). The intersection of these two circles represents our company’s proposal, which bridges the gap between these two worlds. Through the use of blockchain technology and smart contracts, we are able to offer users a range of financial services that are faster, cheaper, and more secure than traditional finance. At the same time, we are able to tap into the benefits of DeFi, such as easier onboarding, security, open access, and governance.

But these two circles represent not only an intersection, the sum of two elements, but the exclusion of some others. What we left behind in innovation is as much important as what we are adding up.

In the new financial system based on blockchain, one of the most significant attributes is its ability to remain unseized by governments.

In Spain (and in many other countries) there is a law (National Security law  36/2015, of 28th september) that says (thanks Jaime Martinez-Burgos Gª): 

“When the nature of the situation of interest to the National Security makes it necessary, the competent authorities, following the guidelines of the National Security Council or the functional authority, may proceed to the temporary requisition of all types of goods, as well as the intervention or temporary occupation of those that are necessary and, where appropriate, the suspension of activities. Those who, as a result of these actions, suffer damage to their goods and services – they continue – will have the right to be compensated in accordance with the provisions of the law”.

This law is alarming in a financial crisis when banks’ collapse is a real possibility, and even a small panic that causes 10% of clients to withdraw their money can make a bank disappear. It’s crucial to note that banks are private entities considered to be of national interest.

I’ll try now anothe exercises: Imagine your work in a single image:

No hay texto alternativo para esta imagen

The intersection of these two worlds represents our work, which involves developing AI-powered solutions for Defi and Fiat. This sum of technologies is very interesting. Through the use of AI, we are able to enhance the functionality of blockchain technology, allowing for greater automation, smarter contracts, and more efficient transactions. At the same time, blockchain technology provides the security, immutability, and transparency needed to ensure the integrity of AI-powered systems.

In conclusion, the intersection of blockchain and AI represents a powerful combination that has the potential to revolutionize many different industries. I am excited to be part of a project that is harnessing their full potential to create innovative solutions in the financial space and beyond.

Yours in crypto and AI.