Corrections requested by Nair
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@@ -153,7 +153,7 @@ We thought that the internet moved value. But the internet moved content, and pe
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If it's a protocol that is written in the decade of the 2020s, it has to definitely look much better than what was written fifty years ago. We packed in some of our past lessons. How do we bake policy into it? How do we bake governance into it? How do you reduce the surface area for countries which have no capacity to govern? How do we make sure the protocol manages that within the protocol itself? We realized it could be abstract enough to do anything. At that time, I thought, "Maybe we'll do logistics, maybe we'll do a little bit of commerce." That was the range I was thinking of.
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If it's a protocol that is written in the decade of the 2020s, it has to definitely look much better than what was written fifty years ago. We packed in some of our past lessons. How do we bake policy into it? How do we bake governance into it? How do you reduce the surface area for countries which have no capacity to govern? How do we make sure the protocol manages that within the protocol itself? We realized it could be abstract enough to do anything. At that time, I thought, "Maybe we'll do logistics, maybe we'll do a little bit of commerce." That was the range I was thinking of.
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I never in a million years thought that it could move energy. We do about seventy-five gigawatts of energy transactions today on the protocol. I never thought that it could be used for moving energy as value. We're doing carbon trading. We're doing water systems.
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I never in a million years thought that it could move energy. We do about seventy-five megawatts of energy transactions today on the protocol. I never thought that it could be used for moving energy as value. We're doing carbon trading. We're doing water systems.
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It's funny that the same pattern repeats in all sectors. In overly fragmented sectors, the stakeholders are always thinking that there will be some little messiah in the center who'll bring everybody onto one platform. We said no. I mean, if you need a messiah, something is already broken in the society. I said, "Can they not do it directly?" It's not just about two people talking to each other. The two people talking to each other create value for a third person to connect with them. It's a cascading chain of value creation.
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It's funny that the same pattern repeats in all sectors. In overly fragmented sectors, the stakeholders are always thinking that there will be some little messiah in the center who'll bring everybody onto one platform. We said no. I mean, if you need a messiah, something is already broken in the society. I said, "Can they not do it directly?" It's not just about two people talking to each other. The two people talking to each other create value for a third person to connect with them. It's a cascading chain of value creation.
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@@ -165,7 +165,7 @@ Stop building roads for every particular car. Most of the protocols that I see a
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*Is it in any way bound up in the earlier protocols on payments or identity? I mean, what is its relationship to the stack that's been growing?*
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*Is it in any way bound up in the earlier protocols on payments or identity? I mean, what is its relationship to the stack that's been growing?*
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It's interesting. With Beckn, we have created a whole new narrative called "open networks." We have created a new category and paradigm. If you're building digital infrastructure, it had better be with open networks and not open source platforms. People are realizing they can create an open networks agri-stack, an open networks health stack, and an open networks energy stack. The World Bank just recently announced that it is taking Beckn to a bunch of countries. They have restructured their tech with DPI and sectoral open network stacks.
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It's interesting. With Beckn, we have created a whole new narrative called "open networks." We have created a new category and paradigm. If you're building digital infrastructure, it had better be with open networks and not open source platforms. People are realizing they can create an open networks agri-stack, an open networks health stack, and an open networks energy stack.
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Open networks is a category by itself. It's not getting folded into anything, but people are building on top of open networks as the underlying paradigm.
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Open networks is a category by itself. It's not getting folded into anything, but people are building on top of open networks as the underlying paradigm.
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