#77 - How Web3 is Evolving in Enterprise

08/23/23 • 34 min

In this episode of the Web3 Innovators podcast, host Conor Svensson interviews Kary Bhemaiah, the Chief Technology and Innovation Officer at Capgemini Invent. Kary's journey from being a marine engineer to becoming a prominent leader in the Web3 space is truly inspiring. He shares his genuine passion for Bitcoin and explains how it has shaped his career in remarkable ways. The conversation moves on to discuss the challenges of adopting Web3 in large organisations, the influence of CBDCs and stablecoins, and the importance of building a stable ecosystem that doesn't rely solely on speculative token prices.

Key Moments:

Kary's journey from marine engineer to Web3 leader and how Bitcoin sparked his interest in blockchain.
Challenges organisations face in adopting Web3 technologies and bridging the knowledge gap between technical experts and business owners.
The impact of CBDCs and stablecoins on the industry and their role in influencing adoption and innovation.
The potential of Web3 protocols to meet the growing demand for data storage, computation, and infrastructure services.
The importance of focusing on real-world use cases and avoiding reliance on speculative token prices to build a stable ecosystem.

Standout Quote:
“The fact that you’ve got a lot of the large financial institutions, whether it’s BlackRock or it’s JP Morgan or other big banks who’ve been able to make significant savings by using blockchain in order to do their co-business functions. I think that’s given a lot more impetus for firms across the globe to look at it from a much more mature, adult in the room kind of standpoint.”

Resources:

Follow Kary on LinkedIn to stay updated on his latest projects and insights in the Web3 space.

Contact Kary Bheemaiah: LinkedIn
Kary is the Chief Technology & Innovation Officer at Capgemini Invent. In this role he has led/co-led the creation of their Quantum Lab, Metaverse Lab, pushed forward the WEB3 initiatives and their forthcoming work in Synthetic Biology.
Kary is also part of Capgemini Group's Technology, Innovation and Ventures (TIV) council, which sets the agenda for the Group’s technology and innovation strategy.
Outside of Capgemini Invent, Kary has spoken at 2 TEDx events and 2 TheNextWeb events to date. He has written for many leading publications like Written for MIT Tech Review, WIRED, Harvard Business Review, World Economic Forum, to name a few. He also wrote a book "The Blockchain Alternative” which was published in 2017.

Connect with Us
Join the Web3 Innovators community and engage with like-minded individuals passionate about the potential of blockchain technology.Contact Chainlens: Twitter | Discord | Telegram

Key Moments:

Kary's journey from marine engineer to Web3 leader and how Bitcoin sparked his interest in blockchain.
Challenges organisations face in adopting Web3 technologies and bridging the knowledge gap between technical experts and business owners.
The impact of CBDCs and stablecoins on the industry and their role in influencing adoption and innovation.
The potential of Web3 protocols to meet the growing demand for data storage, computation, and infrastructure services.
The importance of focusing on real-world use cases and avoiding reliance on speculative token prices to build a stable ecosystem.

Resources:

Follow Kary on LinkedIn to stay updated on his latest projects and insights in the Web3 space.

Previous Episode

#76 - Web3 Perspectives: The next big thing in DeFi? Fully collateralised securities

Welcome to our latest Web3 Innovators: Insights podcast episode where we dive into the fascinating world of Fully Collateralised Securities in DeFi. In this episode, we explore how blockchain technology is transforming the traditional financial industry and bringing new possibilities for investors and users alike. Join us as we unravel the potential of stablecoins and on-chain assets, and their impact on the global financial landscape.

Key Takeaways:

Stablecoins and On-Chain Assets: We start by examining the role of stablecoins as a cornerstone of the DeFi ecosystem. Discover how stablecoins provide crypto natives with on-chain dollars, free from the volatility of native cryptocurrencies, and how this model can be expanded to include a broader range of financial assets, including securities.
Bringing the S&P 500 On-Chain: Uncover the groundbreaking development of a token on Ethereum that tracks shares in an S&P 500 ETF. Explore the possibilities of this token named bCSPX (Backed CSPX) and its potential to democratize access to financial products worldwide.
Decentralized Finance: We delve into the concept of decentralized finance and how public blockchains are revolutionizing the distribution of financial assets. Learn about the programmable nature of blockchain assets and the opportunities it presents for innovation.
Traditional Financial Service Providers in DeFi: While fully native DeFi assets are gaining popularity, we discuss why the involvement of traditional financial service providers, like brokers and custodians, could be the key to driving widespread adoption of DeFi technology in finance.
Parallels with the World Wide Web: Drawing parallels with the evolution of the internet, we explore how the rise of on-chain securities and decentralized exchanges could streamline financial infrastructure and bypass traditional intermediaries.
Wholesale Finance and Trusting Public Networks: We consider the potential impact of blockchain technology on wholesale finance and how public blockchain networks may serve as a mutual trust layer for bridging different jurisdictions.

As the world of finance continues to evolve, Fully Collateralised Securities represent an exciting frontier in DeFi. Join us as we explore the intersection of blockchain, crypto, and traditional finance, and uncover the potential for a decentralized financial future.

Stay informed, subscribe to our podcast, and never miss an episode as we navigate the dynamic landscape of finance and technology.
Chainlens is a leading blockchain explorer for Ethereum and Substrate networks.
Find out more - http://chainlens.com

Next Episode

#78 - Web3 Perspectives: Disintermediation - Can web3 eliminate the middleman?

In this Web3 Innovators: Insights episode, we explore the revolutionary concept of disintermediation in the world of web3 and its potential to eliminate middlemen in financial transactions. Before the emergence of cryptocurrencies like Bitcoin, online transactions relied on intermediaries like banks, payment providers, and centralised platforms. However, with the advent of blockchain technology and web3 initiatives, the trust has shifted to decentralised, immutable ledgers, paving the way for disintermediation.

Key Takeaways:

The Rise of Web3: Understand the core principles of web3 and how it challenges traditional financial intermediaries. Explore the benefits of decentralised networks and the potential impact on the financial ecosystem.
Empowerment and Risks: Discover how web3 empowers individuals with complete sovereignty over their digital assets. But also, learn about the risks associated with self-custody and the complexity that may deter everyday users from embracing this new paradigm.
The Role of Intermediaries in Web3: Delve into the importance of intermediaries even in the decentralised web3 world. Explore how intermediaries can simplify services, add financial value, and create transparency for users.

Join us in this thought-provoking episode as we unravel the intricate relationship between web3, disintermediation, and the potential future of finance.
Chainlens is a leading blockchain explorer for Ethereum and Substrate networks.
Find out more - http://chainlens.com