We recently had the privilege of attending Consensus 2023, the world's largest and longest-running crypto and blockchain event. This year's event was held in Austin, Texas, and was particularly exciting as we had the opportunity to hear from Medha Parlikar, CTO of Casper Labs, who shared her insights on the future of enterprise blockchain. The conference had a strong focus on enterprise, with valuable feedback from developers and companies on how blockchain can be meaningfully applied to their tech solutions and stacks. During the event, we engaged with numerous developers.You can also listen to the highlights of Medha's panel at Consensus 2023 on the latest episode of the Casper Podcast.
We are thrilled with the success of the event, and Medha's presentation was undoubtedly a highlight. Let's take a deeper look at Medha's insights into the future of enterprise blockchain.
Medha spoke about the specific requirements of enterprises when they work with technology stacks.
Question: How can Casper's blockchain protocol provide flexibility and control for enterprises?
Medha explained that Casper's public layer-1 protocol has been designed to give enterprises the flexibility and control they require with respect to their on-chain code, permission, and contract management. The protocol enforces certain things on a protocol level, including permissions and contract versioning, allowing for the upgrade and management of smart contracts on-chain, versioning, and service for customers. This enables enterprises to operate with more autonomy on the blockchain and customize their solutions to their specific business needs.
Casper has also built a blockchain that interoperates with the web2 stack, making it easy to build products on top of it.
Question: How does Casper's blockchain interoperability benefit enterprises?
Medha explained that Casper's blockchain interoperability benefits enterprises by allowing them to build products that easily integrate with their existing technology stack. This can streamline their workflows and reduce friction when it comes to implementing blockchain solutions. Casper's partners, such as IPwe, use NFTs to tokenize patents, which is a perfect use case for a public blockchain. Enterprises want power and flexibility when it comes to NFTs, and Casper's architecture allows for the use of a single NFT contract and configuration to build KYC NFTs, digital identity, or digital assets.
Another question that was asked of Medha was about the regulatory environment and the clarity that is needed from regulators, specifically for enterprises that want to stay compliant.
Regarding regulatory clarity, Casper is happy to comply with any government rules, but they need to say something. Medha explained that Casper Network has the capability to comply with government regulations and is happy to comply with any rules set by the government. The network's trust provides customers with flexibility and the ability to adapt, grow, and learn. Casper's focus on regulation is in line with its overall goal of providing value to its customers and ensuring the legitimacy of blockchain as an industry.
AI integration with the crypto economy was another topic discussed during the event.
Question: How can AI be integrated into the crypto economy?
Medha mentioned that decentralized trading models, incentivized communities, and public blockchain infrastructure could manage the training of AI systems. These systems could be used for various purposes, such as identifying patterns in trading data, optimizing blockchain protocols, or even powering autonomous systems in the future. The integration of AI and blockchain technology has the potential to create new use cases and drive innovation in the industry.
Lastly, Medha was asked about the enterprise sales cycle and how Casper Labs is going about selling enterprises on blockchain adoption.
In terms of the enterprise sales cycle, Medha emphasized the importance of delivering ROI and working closely with enterprises to understand their specific business needs. She highlighted that many enterprises have a blockchain practice set up internally and are starting to explore use cases, so it's essential to talk them through the ideas that Casper has in their business.
Consensus 2023 proved that the enthusiasm for blockchain and crypto is still thriving, despite the challenges faced by the market in the past year and a half. The conference highlighted the importance of being vigilant as a community and distinguishing between what is real and what is not. At Casper, we are committed to building in earnest and delivering real value to our customers and the blockchain ecosystem as a whole. We believe that with hard work and dedication, the true potential of blockchain technology can be unlocked and prevail in the long run.