Oh welcome to gossip about gossip. Powered by Hedera Hashgraph. And each episode will cut through the hype of blockchain promises and explore real world examples of organizations creating the next generation of decentralized applications, which will bring trust back to the internet for us all. Hello, and welcome to the latest episode of gossip about gossip, a podcast where we talk about real world applications for DLT. My name is Zenobia Gottschalk and I'm the SVP of communications here at World's labs, helping to promote the entire Hedera ecosystem. Today, I'm delighted to be joined by Shyam nagarajan, who is one of the newest board members for the Hedera governing council. Hi, shem, how are you? Hello Thank you for having me on this podcast. Very thrilled to be here. Good, good. So, you know, I know a lot of the community is very familiar with IBM, long time council member. Can you share how you got involved with the Hedera project and community? Well, my journey starts all the way in, I think probably 2017 or 18 when I met Mance and lemon at one of the IBM conferences. And that conversation was always very interesting because it was the first, first time where there is a public element to blockchain and as well as the permissioned element of blockchain. So that always sparked my interest. Since then, we have been through a big journey. I mean, IBM has always been a big proponent of enterprise application of DLT and blockchain, and I've been in the space for seven years and the journey all the way from the beginning of our alliance. But Hyperledger Foundation and Linux Foundation to what it is right now. I've seen the market mature man, all the way from just bosses and talk about education to more mission critical application and enterprising enterprises embracing the idea of DLT to solve their real business issues. So in this journey, I think we are at a crucial point there. Herera brings something that is necessary as an accelerator for the market to move. So that's one of the reasons why I am excited to be part of that journey. And as a board member to help share some of my experiences. And so, you know, I know you've been engaged with the Council for quite some time. Can you share a little bit about some of your work on the council so far and why that led you to decide to run for the board? Well, my association with the council started in January of 2020, 2022. I'm sorry. Before my association, I actually had a number of my colleagues who were part of the Council. And we were responsible for driving a lot of initiatives, including the SCS adapter and the integration connector that's used for hybrid situations between Hyperledger Fabric and as well as Hedera. Since I've joined the council, I've been championing more application of era for enterprise use cases, and I've been bringing my experience to share with other council members on that option journey, talking about the right way to induct new members and about collaboration through our corporate committees and as well as member committees and so on. Wonderful and what do you hope to accomplish during your term as board member? Well, you know. My experience is helping. Enterprise dot and leverage this technology to accelerate their journey in adopting DLT for mission critical use cases. I will continue focusing on that. I will also be spending a lot, lot more time in helping the Hedera team or in the protocol and as well as its tools. So it can accelerate the adoption in the market. And finally, I think the world is moving towards what we call as a hybrid of public and permissioned and as well as the private. And this is a very. A very critical place where the first use cases are starting to come up. And I hope I can bring my expertise and help orient the maturity of these as they come into the market. And I think that's a common theme that we're hearing as we've been talking to some of the new board members. You know, I think with many forms of computing or new paradigms, you see people start initially start off saying, gosh, I'm going to go private or gosh, I'm going to go public. Right? this reminds me a lot of private versus public cloud. And it turns out that in almost all organizations, it is some combination of the two. And being able to drive that interoperability so that you can actually use it more broadly. So I'm in consulting. And the typical answer you hear from a consultant is it depends. And no one customer has a need for just one way of doing things right. I've seen applications where a private DLT solution is more than good enough and it's actually more appropriate. And I have seen situations where you need a bigger ecosystem and public is probably more appropriate in those situations. But I don't think there is one solution for all. But what? As a transition that we are seeing in the market is that as you start with one, you're soon getting to a point where you want to expand, you want to collaborate, you want to expose your assets for a broader market and bring in liquidity. Then those warrant a different kind of mindset thinking, alignment with security and leveraging the right way of putting in and using zero knowledge proofs and the likes to enable the new ways of doing business. And that's where we are. And altera is right in the middle of that journey. It's a public protocol, while it is permissioned in a way that it is governed by 27 different organizations that are focused on enterprise standards and are well renowned and as well as their way of doing consensus and staking is really something different than what other layer one protocols offer. So interesting situation. Blockchain interoperability is here and hybrid chains are here, and it's a question of leveraging the technology to build the best business models. Absolutely and as you put on your consulting hat, are you seeing any particular use cases or sort of collections of areas where people are most interested in using the technology? Well, I'll tell you, over the last four or five years, we've coming from an enterprise application perspective, we've definitely seen alignment of using this technology for provenance that's been proved and actually. Really adopted by many organizations in order to achieve that and bring their ecosystem closer to what they already had. What we are starting to see is these provenance chains have a lot of assets that are. Available to be unlocked and offered to organizations either as investment opportunities or as exchange of value to other things in the public market. So we're starting to see asset AI, asset digitization and asset tokenization that are coming out from the enterprises into the public market. Look we've always for the last 15 years, we have always promoted the concept of data as a product. And it's true. I mean, Bloomberg and the likes actually commoditize that. What we are finding is that these data that's generated is sitting behind huge firewalls and don't have a proper opportunity to be asserted and shared for commercialization purposes. And what we now believe is that data, while respecting the security, privacy and as well as ownership and control, can now be assets and tokenized in a world where new business models can be had. So you're talking about both sort of monetising data as well as actual assets in the supply chain? That is correct. Yeah, that's I mean, yeah, it's every it sounds like every asset that an organization could think that they have. Right anything of value. There is something that can be, you know, that can be put on a DLT can be sort of elevated. So to your point that you are maybe perhaps just seeing the metadata, you're not seeing the specific individual's data, but you are able to extract value from that. Yeah, it applies for both tangible assets and as well as intangible assets. Right so intangible assets like mortgages or patents and copyrights and trademarks are a big, big part of this ecosystem, which is, you know, are treated as illiquid assets. But the reality is that they can be liquid if they are controlled. And the ownership and as well as the licensing rights and the royalties can be very efficiently exchanged across multiple parties. That's where DLT technologies come into play. Wonderful Sam, Thank you for joining us today. Any other words of wisdom or thoughts for the future before we let you go? Well, Herrera has got very interesting technology, and it's got the right governance structure that permissioned and public chains need in the world. So my couple of words is that let's accelerate and increase the adoption in the market. So feel free to try it. Absolutely we are all for that. Thank you so much for joining us today. We appreciate your time and have a great rest of your day. All right. Thank you.
