good evening good morning or good afternoon everybody and welcome to
five-side chat with CEO of Debbie Ray Quintana. Thank you for joining us. My name is Davin. I'll be hosting from the Debbie main account. We also have Tom Anderson, a man who probably needs no introduction who's CEO of Debbie joining us as well. We're just waiting for Ray to sign up.
And we will get things underway.
There we go technology you think all the years I've been around it. We would have it figured out yet but great. It's great to have everyone here as Davin shared. We have a special guest with this Tom here.
And so it's it's much better than a two for one. It's great to have him on board and to kind of answer and address questions that the group here might have regarding the technology the business whatever is a priority for you today. We have a small group today so I think we can
keep this you know pretty much at a personal level. And I'm happy to kind of open up the floor and answer any questions or give my opinion or two. And of course I will actually before I do that I would like to thank you for joining us today.
Before I do that why don't we start with Tom and let him not only introduce himself not that he needs any introduction but also allow him to kind of frame the context of the discussion today between Debbie and Devio or DevX.
So Tom why don't you why don't I hand off to you.
Thanks Ray. Are you able to hear me just to be sure.
Loud and clear Tom. Okay great. Thank you.
Yeah so I'm excited to be here on the the Debbie X spaces.
It's really been neat seeing all of the progress that the Forever Association has been making you know with Debbie.
So just amazing all the work has been going into it all the progress and momentum.
One thing that that I think is good to understand for for everybody. A lot of people know this but for anybody that doesn't is you know Debbie itself is the cryptocurrency for the DevX platform.
The DevX you know blockchain platform was created by Devio the company.
And I'm the CEO of Debbie. I was the original inventor of a lot of the blockchain concepts and then I've been running the company and growing it building our digital financial ecosystem our game systems.
You know the glass block marketplace and then the DevX web app you know all those those types of things.
So I'm involved really on kind of the technical and overall DevX side of things.
We ended up separating out Debbie into its own entity.
Partly for regulatory concerns you know one of the things that Europe has done really well is they've got the mica regulations and they've really kind of set a path forward that you know entities can can follow and move move ahead.
Debbie also has a lot of focus in the space in Europe also is a great place to be building an ESG project.
And then you know in general a big part of the point of Debbie is you know it has three areas of utility.
One of the main areas of utility is building a fund that perpetually invests into ESG projects.
That's why that's where the forever name came from is that it would be a perpetual fund that continually invests any profits into ongoing ESG projects.
And ESG isn't just environmental it's anything related to the S and ESG as well as the social side of things.
You know the big vision of where we're going is that you know the cryptocurrency will be a part of an overall ecosystem where people can control their own value.
Where people can get resources they need to fulfill their own potential.
You know it's really a big vision where we're going in addition to all of the environmental investments that you know that we want to create.
And so for all those reasons you know it made sense to have Ray who's a very experienced venture capitalist run the forever association and run that fund and really grow it as its own entity.
And it's really been taking a life of its own and it's been amazing again for me to see all the growth.
So for today in particular on this spaces I'm going to focus on the Devio and DevEx questions.
I'm not directly involved in the in the cryptocurrency anymore.
I don't have any say in what forever does you know and forever really is taking on a life of its own and growing things.
So that's one thing I just want to make clear is that I'll focus on the Devio and DevEx side of things and then Ray and forever can answer questions related to tokens.
Fantastic. Thanks Tom. I think that was that was super clear.
We have had obviously a ton of interest in what we're doing with with Debbie.
There's obviously a lot of activity going on at the moment.
We've had a lot of questions submitted which is great which means that you know a lot of people are incredibly curious about what it is that we're doing.
I think we've got probably two of the most capable people on this conversation to answer those questions.
I'm hoping that this will be the first of many.
I'm I'm sure that we're not going to get through everything that we've got in front of us in half an hour.
We do want to make ourselves available. We do want to be transparent.
We do want to make sure that we foster a culture of kind of openness and transparency as well.
So please again if you do have any questions and they haven't been addressed today which I'm sure they wanted to go.
Please drop them into our social channels.
Please message or email us you know however you feel comfortable and we'll do our best to get a response to you as quickly as we can.
In the meantime what I might do is just before we kind of turn it into a free for all conversation.
There are a few questions that were sent in and I'm just going to throw them out to Ray and Tom.
Please feel free to jump in at any point in time.
And then what we might do just for the last 10 minutes if we can is just get people to obviously request to speak and then we'll open it up and give Ray as much time as he can to speak to you directly and answer as many questions as we can.
Again so one of the big questions that has come up Ray I guess is a little bit sort of I mean it's very very open ended.
But what is next for Debbie and the Debbie ecosystem. What happens now.
Yeah that is a bit of an open ended question. So you have to think of Debbie in the context of the the overall ecosystem that we're building here and you can think of it as the business driver of that ecosystem.
So Tom mentioned that the proceeds from Debbie are going to go into a fund to invest in impact projects but part of you know you can just kind of gloss over that at face value.
So if you dig deeper into that what we're talking about is leveraging the Web 3 capabilities of the DevEx platform and the Debbie business capabilities to really enhance the value of those companies as well as start building our own kind of proprietary market ecosystem where the coins are going to be used
and we're creating impact assets in what is arguably the largest marketplace in the world which is the ESG space. There is like 54 trillion dollars that has been earmarked for investment in that space. And what we're looking to do is to be the real infrastructure for that marketplace.
Not only to allow the assurance and provenance of the data that enables the tokenization of these impact assets but also the market mechanisms that includes the marketplace the certification the quantification and the business transactions for those assets.
And so that's incredibly huge in and of itself but the pieces that kind of project out of that for example within the ESG one of the lines of investing is one of the pipeline companies that we're working with enables electronic medical health care records where you have
ownership and identity of those records and we can enable a whole financial ecosystem and digital health care system around that on a global scale. Our first investment was in TS Nano which is at face value. It's two civil engineers who created a well exceptional silver civil engineers who created a sealant that could seal micro fissures and concrete.
And when they originally approached us they wanted money so that they can make more of the sealant and then sell it to the marketplace and we told them that we'll invest in them but you're not going to sell any sealant.
What you're going to do is you're going to be a prime contractor. We're going to go to the oil and gas companies and we're going to seal their orphaned and abandoned oil wells.
We're going to quantify, certify, and tokenize the methane reduction that you create and only you can create because of the nano fissure sealing capabilities you have and then we're going to have those converted to carbon offsets which they have a 25X equivalent to carbon.
So now you're a prime contractor, an asset manager, and an ESG company who the oil and gas companies love because you're solving their problem and turning it into a profit center as well as all of the climate change, global crossing, global green, all of those entities will love the company as well.
So what we're able to do with the DEVY and the DEVX blockchain is completely change business models to give real advantages to these companies, build ecosystems around these companies we're investing in that drive the utility of the coin, the usage of the technology and the marketplace in ways that just really didn't exist before.
And a big part of that too, and again I apologize for going on, but it was a rather open-ended equation.
No, no, please continue. I mean that was kind of where we were going again.
Well, and one thing I'd like to add to this, so everything we're doing, all the partners we have, are pieces of a bigger puzzle.
So first when we talk about ESG and what we're doing here, if you hear anybody else say, oh, we're going to do anything in the ESG domain with our blockchain or our cryptocurrency, you have to remember that what Tom's built here is unique in the world and allows us to create economic and business models that just couldn't exist
with any other platform or before in any way. Because this DEVY is able to do 8 million transactions per second, and of course that's a floor, not a ceiling, and we can explain that a little bit more in a bit.
But it's also the only ISO compliant green crypto. It does at 1.3 billionth the energy usage of Bitcoin and 1.10 millionth the cost of Ethereum.
And as I'm sure everybody on here knows or has suffered through paying the gas fees on Ethereum, the fact that what cost you 10 million on Ethereum only cost you a dollar on our platform is incredible
and creates lots of new paradigms for business models and using the coin in ways that nobody else can.
The fact that we have patented fraud theft and loss, patented in privacy, regulatory compliance, cross jurisdictional compliance, that we integrate through simple restful APIs and that allows us to transition web 2 to web 3 systems seamlessly.
That 20 million web developers can leverage the technology. So again, each one by itself is a huge advantage that nobody else has, and we have them all aggregated in a single place that really allows us to change paradigms and do things in a completely different way.
And so I was a general partner of the top release stage venture capital fund for the last decade. My focus was on disruptive technology and being able to find things that were off the innovation curve, hard to kind of understand and really paradigm shifting, which is again exactly what we're talking about here.
And the reason I mentioned that specifically is, again, I want to offer kudos to everybody on this call because normally for the market to understand or invest or just get the and understand the paradigm of this, the new capabilities and what's going off, going to be enabled because we're off the innovation curve isn't even easy for people to understand.
First, generally, they just don't believe it because it sounds impossible, but nobody has to believe anything I'm saying. It's in the marketplace. They can go touch it. They can feel it. They can see that it's real and play with it themselves.
You can go to our marketplace or the lit craft game. All of that is web three. It's completely web three and it gives you a web to feel when I was speaking with the head of blockchain at Splunk and she says she used to describe blockchain as the world's slowest database.
And then after seeing our marketplace and our game, she said she couldn't say that anymore. And the investment thesis around the fund. Again, we already have the first companies that we're investing in creating those models.
Nano, as I mentioned, already has a master service agreement with one of the largest oil and gas companies in the world. They're demoing for two others and then discussions with two others. So we create capabilities that are really going to transform the industry from a bigger kind of market dynamic than just crypto.
But the reason I say that is because crypto has in the past been generally its own kind of specific domain. But what we're talking about is really extending the vision of what crypto can be and how it can be leveraged across the larger market.
And we're creating new paradigms. And again, getting back for you guys, a lot of people can't see that. They can't see that kind of vision. They can't understand how that extrapolates out just like the early days of the Internet.
People in the 90s were even in the late 90s couldn't really understand what it was going to do and what the impact might be. And to be able to come in and participate and be a part of this early really talks to your insight and your understanding in a way that, trust me, most professionals whose job it is is to invest and work with these kind of companies just don't get.
So it's exciting to have you guys on board. And I'll kind of stop that question there.
No, no, not at all, right? I mean, I know that we could talk and I could know I could listen to that for hours. I think one of the things that just to kind of be mindful of time and to make great use of the fact that we've got Tom here as well.
One of the things I mean, you mentioned things like Global Green earlier on. One of the things that we're not short of at Debbie, which is fantastic, I think, is opportunity. I mean, in terms of people trying to wrap their heads around, you were talking about obviously all the people on this call and kudos to everybody that's here and it's found us and is participating.
But lots of other people have found this. I mean, enterprises are finding us. We're getting kind of all sorts of interesting kind of inquiries and opportunities from well, all over the place as people are trying to wrap their heads around what this new future might look like.
How do we focus on the opportunities that we have in front of us when they are just growing exponentially?
Yeah, so there's kind of two things there. The first one is, I did mention it's kind of hard for people to see and understand the vision and the capabilities, but Tom has done a great job of putting together a core team that is just incredible.
I mean, and it's kind of the basis for us to be able to engage the global marketplace from the top down. We're talking about the former CEO of Swift Financial, the former head of the Defense Intelligence Agency, ex deputy director of US Cyber Command, the inventor builder of the Kindle and the Kindle Marketplace, the former CIO of Starbucks, the former president of Universal Pictures,
one of the top VCs who's invested over 5 billion in 400 startups. His original LPs were Bill Gates, Larry Allison, Paul Allen.
Again, these are people that have built large teams and global companies from the top down. And so our ability to connect and at least get in front of and talk to global partners is really unparalleled other than maybe the Fortune 500.
Fortune 500, the access that we have. And so we've been working with a number of large partners, both enterprises, actually sovereign states. We have our own kind of ecosystem that we built with Sunny Trend, who is one of our team members who spun out Devstream,
which will soon be probably the only blockchain based company listed on the NASDAQ. I mean, that's something that no other blockchain can say. And what they do is they create methodologies that enable the certification and the use of global registries for these assets.
So they basically make them legitimate in the global marketplace for regulatory within regulatory domains. So it's kind of a seal of approval to do that. They have partnerships with the UN and together we're looking at a number of large projects.
Another one is Global Green, which is a 30 year old nonprofit that was started by Mikhail Gorbachev, actually. They have incredible reach. Some of their members or their advocates are Leonardo DiCaprio, Brad Pitt, Adam Levine.
They do all kinds of projects and they raise capital, but they think that what we do is we really enable the operational component to really drive the impact in a meaningful way.
And so they're already partnered with Devstream and we're in discussions with them as well.
So again, we have different levels of what we're building here in terms of partners that we can combine and our resources and our visions to reinforce and drive impact.
And then we also have partners that we're building as part of our platform that allow us to put these pieces together in a synergistic way and create a virtuous spiral of impact and usage.
And both of those domains are exciting and both of them are rich and very large. And so when you get to your question about how do you choose within these exploding kind of opportunity spaces?
So from a strategic perspective, I was always taught you strategize in multiple dimensions, but you execute on a line. So from an operational perspective, what we do is we find people like the team members I mentioned.
For example, Sunny, we can use him as a specific example where Devstream was part of our multi-dimensional kind of platform and strategy, but we handed it to Sunny who is just an incredible CEO to drive and execute that piece of the puzzle and enable it to be a main contributor and important element of our foundational kind of platform for the ESG space.
And we look to do that same type of things and executing other models that were or opportunities that were evaluating. And unlike most blockchains, so most blockchains, they had a white paper said, give us money and we'll build it.
Well, Tom and I come from the tech space where you have to build it first. And so we built it all out. It's real. And we use it now as a huge competitive advantage where we're able to drive opportunities higher in the value chain.
The other blockchains are literally paying people to build on them because the more people that use them, they think that drives the utility for their chain and the value of their coins, whereas ours is really value driven on creating and impacting on a global scale.
One thing I'll add in terms of where we're going that I think is also important is kind of where we have gotten on the technology. It's really been seven years getting to this point. We started back in 2015, 2016.
You know, came up with initial design, submitted a bunch of patents, and then got our initial technology group that built the first prototype that we benchmarked at eight million transactions per second for our cross shard transaction speed.
You know, really got our costs down to a very low point. And we also started really building our interface into the blockchain is a very innovative way to do things. It's all built on a restful API.
So there's, you know, two, three hundred thousand Solidity developers in the world. Well, there's twenty five million web developers in the world that all can instantly use our platform right now without any kind of learning curve.
And so we built all kind of the core technology and really a scalable way also largely towards real world business use and ultimately enterprise scale projects and growth.
So where we are now, though, what we've done over the last year in particular is we've been productizing and hardening it and really building our system where it can be deployed at large scale with enterprise level customers.
Where before we've been kind of building our own applications, we've been building it now where other companies can start to use the project and use the dev block chain.
So what that means then is, you know, from from kind of here on twenty twenty four on, you know, we can start opening up, you know, a new business model and new overall business that that both Debbie and forever will be a part of where third parties can spin up their own shards.
In our case, in contrast to a lot of other blockchains, each application gets its own blockchain, which is one of the kind of the innovative ways we've developed things.
And then an enterprise business can integrate with a particular shard or a particular blockchain in a way that fits their particular I.T. requirements, which other blockchains can't do and use their existing developers to integrate with it.
And so, so, you know, again, it's been seven years getting to this point where we can really start to deploy in that way.
And I think that's going to open up tons of more applications and areas to grow.
And so so having the dev X, what we're calling the dev XS to product, which is kind of our version of Amazon's easy to instances where where people do spin up their own blockchains is a big area of growth.
Another big area and category that's that's available because the blockchain has gotten to where it is, is building a new type of exchange.
And I think that's another area that Devio and forever exploring as a significant path forward.
And I mentioned it for two reasons.
One is the blockchain, the high speed, high throughput, the cost effectiveness, the ease of integration and the restful API all make it where you can build an application like that pretty quickly.
But it also makes it where you can build an exchange in ways that just haven't been done before.
So it'll be non-custodial, for example.
And so so right now, if you get on a centralized exchange, all of the assets go into kind of central areas.
And that was the whole big debacle with FTX, right?
Is they they took people's assets and they used them inappropriately in our exchange that, you know, again, we're just evaluating it as a path forward.
But it's a good example for this question.
In our exchange, everybody would still have all of their assets in their own wallets.
And so it's non-custodial.
But with our high speed and high throughput, you could have the speed and throughput that you have on a centralized exchange that you don't get on a decentralized exchange.
And you also could do it in a way that is going to be regulatory compliant, which is critical for where things are going right now.
As the blockchain space grows up, you know, you're going to have to really build things with a regulatory mindset, you know, which hasn't been the driving factor up until now.
And our blockchain is very unique.
We could spin up a thousand shards in a thousand different legal jurisdictions, for example, where each shard is customized to the regulatory requirements of that area.
And then one more thing that's kind of compelling about that use case is we could continue to further expand the utility of DEVY.
So DEVY in an exchange context could become an intermediary that puts together all of the, you know, the trading pairs on an exchange, for example.
And so I think the sky is the limit.
When you have the technological foundation that we have and the ability to continually grow more and more use cases for DEVY even beyond what we've already planned, you know, it's really exciting for kind of where we're going.
And it's been seven years getting to this point where we can really start to take off, I would say.
Wow. I mean, that is incredibly exciting.
Yeah. To summarize what Tom said at the end there is DEVY would become the money of money.
So think of it in those terms.
That's a big thing to tell you, it's incredible.
Yeah, exactly. And that's part of the problem we have when we start talking about these things is because we're executing on all these different pieces that people might not see how they all come together, but they're all tied to a much bigger vision and value creation.
And it's really exciting to be part of.
Yeah, no, absolutely. And again, you know, my mind gets blown every time we have a conversation like this.
So I just wanted to kind of touch base with everybody listening.
I know we said that we limit this to half an hour.
I know I knew going into this that there was absolutely no way that we would cover anything like what we wanted to cover in half an hour.
Tom and Ray, would you be happy to carry on for another 10, 15 minutes?
Yeah, that's great for me.
Am I keeping you? Is that okay? If that's no problem for anybody else, you know, we might keep the conversation rolling.
And then again, we'll try and throw open the questions from the floor.
So Tom, I guess, you know, you've painted an incredible picture.
I was lucky enough to be part of the kind of early stages of kind of Internet startups back in the 90s and sort of looking at those businesses that recognize the potential versus those businesses that sort of thought, well, this is a passing pattern that's not going to really have an effect on the world.
I very much see David at that crossroad.
Where do you see DevX and Debbie and, you know, the technology in five years, if you would have put a vision together and just say, if I could wave my magic wand, in five years we'd be in this position, what would that look like?
Yeah, so I think when you look at what Debbie is really doing, you know, you look at the white paper and the white paper has three areas of utility.
And so, you know, one is the fund and sales of Debbie to go into a fund that then all of the profits, you know, get put back into the fund.
And so when you take somebody of Ray's caliber, and I've just always been amazed at his capabilities as a venture capitalist and his ability to put teams together, his ability to help, you know, herd and corral companies in the ways that they need to ultimately be successful.
And he's had, you know, unicorn exits, you know, as a VC, again, that, you know, the top performing early stage venture capital company in the US, according to prequent.
Right. And so if you take that type of caliber of leader that Ray is, and you combine that with a fund that continually invests into things that do good in the world, but also have, you know, profit in mind.
That's one of the things that I think a lot of people don't understand about the ESG space is, you know, it's something that I think is important to humanity and working towards improving the planet.
But it also is an amazing business opportunity. I mean, it's arguably the biggest business category in the world, you know, up there potentially bigger and just in terms of dollars that are going to be invested as AI and machine learning and the internet and things like that.
It's a big category. So the idea of having a profitable fund that continually invests into these things that improve humanity, but also makes a lot of money and all that money then goes back into the fund to continue investing into it.
I mean, that's just an amazing vision. I mean, I think this is something that all of us can be proud of in our legacy and our lives to have been involved in.
And I see it as something that really will fundamentally change humanity if we're successful. And I don't think that's just blowing smoke. I really feel that.
And it's indicative of the changing nature of blockchain. You know, that blockchain is going to be one of the big technologies that really changes humanity.
And I think Debbie could play a big role in where that goes. So the fund and its growth is one big category. Another big category and what we're trying to do with with Debbie is have Debbie be a, you know, the token that is used to maintain validators that track the world's ESG data.
So really, what we want Debbie to represent is a record of truth that the world can rely on. When you look at trying to solve the world's environmental problems, there's so much greenwashing and so many places where people are just gaming the system and not creating real value.
And I would argue the biggest challenge in the entire ESG space is trust and transparency and auditability. And blockchain is perfect for those types of utilities. And Debbie would be the mechanism that makes it all happen.
And so the idea is that we would get a global consortium of all of the world's companies, all the world's governments, all the world's research institutions, all running this massive network that maintains a trustworthy source of data for solving the world's problems.
And Debbie is critical for that because Debbie will be the mechanism that we use to track who is running those verification nodes.
So becoming the world's source of truth for data is another part of the big vision. And then ultimately, even bigger than those, is becoming a payment system for this massive ESG space.
And so as big as the space is, if Debbie really becomes the payment mechanism for trading carbon credits, carbon offsets, plastics offsets, methane offsets, even social tokens, things like that,
it could become really a driving force in the world, both financially and in terms of just implementing, again, a lot of good in the world.
And then that's what's in the white paper right now. And then you have the things like the potential exchange, having Debbie become the currency that is used for trading between all of the different trading pairs and other ways that it can use and things that we haven't even conceived of right now.
A big part of ESG is the social side. I would like to see Debbie become a big part of banking the unbanked in the world.
So the things that we're really moving towards are really big visions. But the other thing, bringing it down a bit, is we also have, I think, a path to get there.
We have unique technology that I think is the only technology right now that can solve these problems at this scale, given our sharding solution and how unique it is.
Again, having thousands of shards and thousands of different legal jurisdictions where each shard is customized to that legal jurisdiction.
When you're talking about problems this big, DevEx, I think, is the only blockchain that can solve those problems. But you have to get there, right?
And so when you look at a path, and again, this is a lot of what Ray really does well in his career and his past, is investing into TSNana, partnering with Devstream, building a path forward where you get initial investments into the fund and start doing some of these other investments
and having it grow in a realistic way. So the big vision, I think, is there, but the path to get there, I also think, is there.
Amazing. I mean, that's a vision, but also a pathway to achieving that vision, which I really appreciate you laying out for us, Tom.
What I'm going to do now, if you guys don't mind, is maybe just open the floor. We've got a couple of speaking requests.
And, guys, if there's any questions you'd like to ask live, now's your opportunity.
I'm going to approve Crypto Billy 19, if you've got a question.
I'm not able to hear you.
Yeah, you might still be on mute.
We've got another request.
I'm going to improve you.
There you go, you're live.
And it's dropped off. Okay, so if nobody's got any questions.
We have one. We have one. We have. There we go. Yeah, I have a question. We can hear you.
Go for it. Yeah, I have a question. Our vision is to turn DV into the fastest blockchain project in the world. Yeah.
So what is a challenge at the moment when competing with lead and powerful real.
So again, so what is the chosen at this moment. Yeah.
So, when it comes to the competition that's that's kind of what I was talking about at the beginning, that a lot of people can be considered competition but as a VC when I first looked at venture capital.
I mean, I first looked at the crypto space, each one of the, the, the platforms or protocols that had real value.
Pretty much only had a single core competency that they were leveraging in the marketplace. And again, a lot of these different competitors have kind of focused on their core competency to kind of drive value and create and a lot of them are brilliant.
But at the end of the day, we have orders of magnitude improvement over each individual competitors core competency, and we have them all aggregated in a single place.
So, so think about it this way. The original vision and Tom was talking about vision. The original vision for Bitcoin was to take over the digital currency space and and Bitcoin was is absolutely genius.
No question about it. It's absolutely brilliant what they had done, or what was created there, but 4.6 transactions per second at the energy usage the cost half day to settle sometimes half an hour, even a minute, none of that will allow you to be the digital currency.
Take over the digital currency space and we solve all of those problems so we can actually subsume that vision where we're 13 billion C energy usage, 8 million transactions per second, per second, and with all the regulatory compliance and everything that goes along with it.
The vision, the next big protocol in the space the vision was is of course Ethereum. And what was created there is again, absolutely genius and the vision was to, to be the internet or for blockchain.
So is web three and and again, real pioneers and creators of a new complete kind of world than what it enables, but at 10 million times our costs without the regulatory compliance and again, all the things that we bring to the table.
We can subsume both those visions and then that's kind of what our envelope of opportunities is. And we have orders of magnitude.
As I mentioned, advantages over the other the competition. It's just a matter of us growing and and creating and showing people that all these incredible claims that we make are true.
And it's something that I've done my whole career is take these small startup companies that are competing with the global 500 and bringing them into the marketplace as category leaders.
And that's what we're going to do. One thing I'll add to in terms of the technology and where we're going is we made design decisions in our blockchain that I think are very well suited for where the crypto space and the blockchain space are going.
And so, so again, creating a situation where each application gets its own blockchain, which is our shards and then and then having it where the shards can communicate through our cross shard mechanism means we can scale as big as we need for any of those given applications and the rest of the API.
Those are all things that that allow you to grow largely with enterprise businesses and real world traditional businesses. And I think that's where most of the growth is going to be over the next decade when as the blockchain space grows up.
So, you know, there's been a lot of DeFi and GameFi and all of the various projects that have happened in the crypto space so far.
But, you know, as real companies start using the technology and you need to integrate with their IT department, you know, and have it work with the requirements they need.
And you have to work with the corporate governance that meshes with the blockchain governance.
A lot of, you know, global 2000 companies really can't run their applications on any of the existing blockchains except ours, because in our case, we could spin up a new shard, customize it to their IT requirements, customize it to their governance requirements, customize it to any smart contracts they need for their developers through a restful API and they could just use their existing developers to develop it.
All of those things are the things you need to really work with traditional large scale businesses. And as the blockchain space grows up, that's where the growth is going to be.
And so I think we're well positioned to become really a leader in the entire blockchain space with our technological platform over the next decade.
Once we have those enterprise customers, we kind of subsume their customers. So, you know, if you have a company that has millions of customers, then they become part of our community as well.
So that top down approach is huge in looking to expand globally.
I think that's a really good place to leave it, guys. I know that we continue this conversation for another probably couple of days, but hopefully we'll leave plenty for next time.
I just wanted to say a big thank you for both Tom and Ray making time to be here today to have this chat, to share a little bit of kind of insight into Devi, DevEx, Devio and kind of what we're doing as a kind of ecosystem as a team.
We're all really excited for you guys to obviously share the vision, participate in the project and all projects. And please make sure you give us a follow on all of our socials.
We're very, very active on Telegram. Make sure you check us out. And yeah, we'd be very, very grateful for your support.
Thank you again, Ray. Thank you, Tom. We will pick this up again when you both have time and hopefully this will be just the first many kind of informal catch ups and information sharing sessions.
Yeah, that's great. Thanks for the hosting as well. Did a great job and it's surprising how quick time flew.
Yeah, I agree. I'm sorry we couldn't get to more questions, but feel free to go to the Telegram channel and put them in there and we'll get to all of them.
So yeah, again, thanks everyone. And Tom and Devan, especially.
Thanks, guys. Appreciate it. Everybody, I'm going to end the spaces now.