Are outliers set to change the landscape
Do we need to address our biases
Has tomorrow already happened.
Sunday evening, I finished the 100th startup meeting of my week. This was with
https://lnkd.in/giSqKA6G
It was in the coach ferrying me from the aircraft to the airport terminal on my way back from MGC at Jodhpur. And it left me thinking.
First is the combined power of ubiquitous connectivity, social media platforms like LinkedIn and curated communities. It helps someone like me to reach out to needles in a haystack pretty much effortlessly. And for them to reach me. And to eliminate un-necessary noise and filter out junk.
As ai kills capitalism, resets our expectations and upgrades our capabilities – it is also expected to destroy livelihoods, eliminate privacy and enforce bondage. The most troublesome impact of ai will be its ability to challenge trust.
I believe what I see in a video to be true. When the phone rings, I trust it is a call from a number I know and when I hear the voice, I recognise it. Once I have verified the calling number and the person – I believe I am talking to who I think I am talking to.
In the ai age – this is not true. I can believe nothing. Ai WILL END TRUST AS WE KNOW IT. And that is where trustless systems come in.
My 100th entrepreneur meeting of last week was a startup called TruScholar and the ebullient CA couple who founded it. It is India’s largest blockchain company. The company was founded and is led – not by an engineer – but by a chartered accountant. (CA ???!!!!)
Second the fifty man company is based not in Bangalore or Gurgaon or even in Jodhpur or Goa -but in an unheard of Amravati. I have no clue what or where that is. But I was told it is between Nagpur and Akola in Maharashtra. Mayur’s startup leads in blockchain issuance of digital assets and identities.
It doesn’t matter how, but in effect – this startup will load your degree onto a blockchain platform called Polygon which is a cheaper version of Ethereum. Whilst blockchain and bitcoin were invented in India, as a nation we have faltered in all three – minting and hoarding bitcoins, creating an ecosystem on crypto technologies and owning the platforms on which crypto services could be hosted.
Mayur has raised a million dollars for 25% of his company. Mostly from individuals. He has a top line of around 2 million pa and is profitable. He helps you to issue documents on the blockchain which can be verified by anyone. If it is an educational degree – it lets anyone to validate its authenticity. Utkal university in far off Orissa already does this. It can do the same to employment records.
This ends the possibility of fake biodatas.
Tru scholar uses Polygon.
If Polygon goes bust, so does the degree of each of the 3 lac students getting one annually.
Why does India not have its own polygon ?? It is elementary (well almost !!!) compared to inventing bitcoin.