Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Live with Cardano Foundation: Veridian & Originate
Recorded: June 26, 2025 Duration: 0:58:00Space Recording
Short Summary
The Cardano Foundation has launched two groundbreaking projects, Originate and Viridian, aimed at enhancing digital trust and identity solutions. These initiatives reflect a growing trend towards decentralized identity and traceability, with strategic partnerships like the one with the Bank of International Settlements (BIS) positioning Cardano as a leader in the blockchain space.
Full Transcription
Thank you. Hello everybody, welcome into today's space.
Let's just give this a couple minutes so we can get all the speakers on stage. Welcome in, good morning, good afternoon, Good evening, wherever you're located. Let's
just give this another couple minutes so we can get Thomas up here as well. Can everyone
hear me all right? I hear you loud and clear.
How is everyone?
Good.
Thanks, Jeremy.
How are you doing yourself?
Yeah, doing great.
I'm super excited for this topic and seeing what comes next.
I mean, there's been a ton of activity happening this year, and it's a momentous occasion.
Exactly. Yeah, I'm also pretty excited for today's discussion.
Hello, everybody.
Hope you can hear me loud and clear.
Loud and clear, Fred. How's it going?
Amazing. It's a great day
today. I think
I counted 10 new companies being
onboarded with an
agent on Cardano,
and I was looking at
the activity on chain today. and got me really excited.
Nice, that's great to hear.
Yeah, with the Sokosumi from Masumi, correct?
Yeah, that's correct, yeah.
So basically it's the platform, that part of the platform has been live now for 24 hours and more than 10 German companies have signed up and has been
deploying an agent themselves. This is not something I would
see continue. I think this is just the first deployment, but it did create
transactions and it opened their eyes for the powerful
possibilities there is with the decentralized distributed security
layer and collaboration
layer in this space. So I think this is very powerful.
Absolutely. I was pretty excited myself to see that go live today.
Okay, great. Looks like we got all of our speakers on stage. We got Jeremy, Giorgio,
Thomas, Fred. Just a quick mic check. Everyone can hear me all right?
Yep. Fantastic. Thomas, how's it going?
Hey, Jake. Sorry, I can hear you now. There was a slight echo in the line, but I think we're okay now.
Okay, perfect.
Yeah, your mic sounds good as well.
Okay, cool.
I'd say we go ahead and get this conversation rolling.
Welcome in, everybody.
My name is Jacob.
I'm the social media manager here at the Cardona Foundation.
I'm joined today by Fred
Greggard, our CEO, Thomas Mayfield, our head of decentralized trust and identity solutions,
and Giorgio Zanetti, our CTO, and Jeremy Furster, our global enterprise adoption lead.
Today we'll be discussing Originate and Viridian, two of our open source products and solutions built for digital trust and identity.
These are two pretty recent launches for us, so we want to take this opportunity to dive deep into what these products and solutions are for, why they were built, how they can be used, where we see them going.
and this is part of our ongoing effort our ongoing monthly ama series for to better
engage the community to inform everybody about what we're building about how our solutions can be used
so today's session is recorded and towards the end of the discussion i'd say the last
I'd say the last 20 minutes or so,
20 minutes or so we're going to open up the stage to community questions
we're gonna open up the stage to community questions.
So you guys can all get your questions ready
and towards the end, just raise your hand
and we'll bring you up for some live Q and A.
So I'd say first, let's start with some contextual framing
about Originate in Viridian with Fred.
So Fred, let's start with the bigger picture.
Why do you believe that identity and traceability are foundational components of digital infrastructure? And why is it now the time to really focus on these two components?
And that's an excellent question.
Regarding timing, I will wait a bit, right?
But for those of you who remember the first whiteboard video from Charles
and the first ideas about Cardano,
it was really about bringing identity to the people who don't have identity.
But it was not just about one identity solution.
It was about multiple identity solutions.
So from the people who do not have a national identity,
who do not have an economic identity, it was about machine identities.
It was about banking the unbanked and all sorts of different types of identity.
And for a very long time, we were lacking certain features on the blockchain who allowed us to have multiple types of identity.
We basically started out with a very, very primitive form of, let's call it unsecured DITs, the decentralized identifiers.
And that worked really, really sort of, you know, surprisingly well, but it's very hard to adopt outside what natively is on the blockchain.
So as long as people are building and deploying something who only relies on the blockchain, you can get really far with a DIT and a wallet
because the security really comes from your wallet
or the address you're hosting, right?
And now what we have is we basically
have been working towards this idea
that with being such a mature blockchain,
we can now host a multitude of different identities.
And later speakers are going to speak about that.
But we are so proud to finally have an open source wallet who allows you to take everything
from a first generation quantum secure identity solution, which moves 80% of all world goods
around the world today, and all the way down to machine identities.
And that is truly amazing and fantastic.
It is actually so far that some of the world's largest identity players out there are looking
at Cardano solutions to implement that.
At the moment, some of them are looking at not using Cardano as a blockchain because
the tooling is built and you can go beyond that, right?
And that is for interoperability purposes.
But the fact that we are making so highlights around that
is just truly amazing.
When we started out here, one of the key projects we did
was, of course, Veritree, but also, as Jeremy is going to speak later,
was the Georgian Wine.
And what we saw quite quickly was that when you want to put goods
or you want to connect to something which is outside the blockchain,
your ability to secure the digital identity
from different types of attacks
becomes the predominant factor,
but also the user experience.
So how do we get the Agricultural Ministry of Georgia
to understand how a digital identifier on Cardano works,
to trust it and put it into their technology stack
and their compliance stack in order for them
to also recommend that to the customs authorities in Georgia.
And we saw this was a huge challenge.
But now we're finally in a stage
where we can give this away as standards
and the blockchain itself supports this.
And therefore, I think the timing was right
potentially two, three years ago. But the timing is right right now from a technology perspective, because Cardano now finally has all the capabilities it needs.
It has a wallet and it has solutions, which allows you not to build everything from scratch, but you can take some of these open source repos
in available computing languages and build from there.
And that makes us ready to break out of the blockchain realm and really start using the
power of the blockchain also for other solutions who doesn't today naturally fit with the blockchain.
Absolutely.
And I would love to touch a bit more on this open source aspect that you mentioned.
So we've seen some of the risks of centralized databases from data breaches to various
centralized failures.
I'm curious, what is this open infrastructure and open source nature of these solutions
really offer in contrast
to the traditional centralized route?
So I think this is what people get quite confused.
So open source or public source is per definition not just safer.
This is not how it works.
Just because it's open, it's not safer.
But when it is open, it does give access to white hat hackers, but also red hat
hackers to go digging into the infrastructure. And sometimes even like we do in the Kadawna
Foundation, where we run a bug bounty program, it incentivizes, we incentivize people to go in and
break things and basically tell us about it and claim the bounty, right? So I think this is not about the open source
or the public source doesn't make it more safe.
The reason we think about it like this
is because distributed decentralized infrastructure
is in many, many cases more safe
compared to traditional software.
And the reason we build an open source software
is because we want to get to this circle of life where the Cardano Foundation doesn't build because we are a product company.
We build to enable other people to capture value on Cardano and have happy clients and happy paying clients out there who is basically, you know, creating dApps and application who fills blocks on a constant basis. And with those blocks come a transaction fee.
And with that transaction fee, we're able to pay, or the blockchain is able to pay the
incentive to the SPOs and the people who delegate data to the security of the network, and now
also catalyst and treasury withdrawals directly.
And that makes it economically self-sustainable.
And it means it breaks away
from the concept of the reserves. And that is truly extremely important. So we see this as
the journey where we want to encourage people, not just to play with the repos, but companies
to lower the upfront costs they need to build solutions like this.
they need to build solutions like this.
And so let's talk a little bit about adoption
before diving into each of these different solutions.
How do tools like Viridian or Originate,
how do they help move Cardano from being seen
as just a blockchain project
to being really recognized globally
as a critical infrastructure for trust?
So we lately engaged with the BIS,
which is Bank of International Settlement.
And this is one of the largest sort of non-governmental organizations
in the world, the Bank of banks, you might say, right?
And they've been playing around with permissioned blockchain
for a while and different use cases,
which actually makes a lot of sense, not the permission part,
but the use cases, typical blockchain use cases.
And one of the things that really brought them to us
was the decentralized nature of identity.
And they were extremely impressed about that we worked together with Glyph, which
Thomas probably is going to speak more about, which is this global legal entity identifier
organization. So people start looking at us with a complete different set of lights. So I don't know
yet whether we will be able to implement something with BIS, but we did send them a full architecture
and solution suggestion, right? And we are sort of waiting on their third round of feedback.
But the fact that we can have conversations like that
with some of these largest bodies in the world,
and we are able to answer questions around disaster recovery
regarding governance, because we have a constitution
and we have a tri-body government in place,
regarding open source and how you contribute to the stack and how you move from
the from the github repos and over to the actual blockchain which gives them security
that the features they need in the future will also be supported by caderno plus that we have
the regulatory context to be able to speak about you policies and regulations, which is moving around the world right now,
to secure that the choice of Cardano is a natural choice.
And today was a special day as I started before we opened the space, right?
Not just because Masumi went live with one of their platforms,
and we now see a set of German companies with AI agents
actually also using identity on Cardano.
But it was also special because I spoke to one of the world's largest audit companies.
And they were so impressed about identity solutions that they actually agreed to look into signing off the Cardano Foundation's P&L statement and balance sheet.
So basically signing off that this is correct
what we posted on the blockchain
with a digital identity from their side, right?
And I think, you know,
these things bring the conversations much further
than we've been able to do before.
And that is really due to the maturity of the stack,
but also the repos and containers, which is now we're able to support, but also the context in which we operate with them as a community.
Absolutely. Very well said, Fred.
So now I'd like to transition a bit to talk about Viridian.
So, Thomas, you've been working on Viridian for quite a long time now.
Could you provide all the listeners here just an overview of what is Viridian and what is the core problem that Viridian is aiming to solve?
Thank you, Jacob. I mean, essentially, for an overview of Ridian,
what we're really talking about here
is an open source to centralized identity platform.
And the key sort of defining attribute behind this platform
is that it's designed to be future proof.
So it is a system that is thinking not only
about the problems that exist now,
but the problems that will exist in our future as well.
It is a post-quantum secure system in the fact that it is resistant to quantum change.
It is also one that supports multiple variations of identifiers and credentials.
We started actually implementing the Viridian wallet on mobile devices,
on iOS and Android platforms.
But Viridian as a platform itself is more than just a wallet.
The wallet is a key component, but it is infrastructure, services,
and additional products that provide you with end-to-end verifiable identity solutions.
And when we think of digital identity, we must remember that it's not only identifiers,
but it is also the verifiable credentials that
play a huge role as well.
If we think about the problem we're trying to solve,
it's actually a problem that's been ongoing for decades.
What we have at the moment is we are living in an era
where digital trust is collapsing.
We're seeing data breaches, ransomware, lack of
interoperability increasing year over year. Last year alone in the United States there were 1.9
million records breached. As of last week actually there was an interesting post about, I think it's 16 billion identifiers and credentials that have been sort of archived into 30 plus different databases.
So the challenge we have here is we're leveraging an internet that was never designed for security.
And Viridian is trying to solve this challenge by providing a truly open source, interoperable, verifiable identity layer that you can build solutions on top,
but you can also integrate it into the existing internet and add additional
identity security primitives that don't currently exist with the traditional
certificate authority infrastructure that we currently have today on the internet.
Yeah, so Viridian's pretty fascinating
to myself personally.
I've heard that Viridian helps to enable users
to kind of manage multiple credentials
across different roles.
So what exactly does that mean?
Maybe for folks here who don't have much context on Viridian
and why is that so important in today's digitized world?
That's a great question. So what we see here is credentials are being issued to users across
various ecosystems and interoperability throughout those ecosystems does not exist or is extremely
limited. We can touch a bit more on the centralization aspects later on if
that makes sense. But what we're talking about here is the ability to manage multiple credentials
for the various uses of your identity or various identities. So for example, Fred mentioned GLEIF,
the Global Legal Entity Identifier Foundation. And this organization is focused primarily on
organizational identity. So with those credentials, you're talking about credentials that give the authority to the employees or the individuals within an
organization to act. And they can delegate down authority. So you can not only log into a system,
no longer leveraging usernames and passwords, but actually cryptographically verifiable credentials.
And that credential in and of itself can also
attest to the permissions and access that you should
have as a representative of that organization.
But you may also have credentials related perhaps
to your involvement at a government level,
credential that comes from a health institute perhaps,
or from an educational or academic setting.
So there's a need to manage all of these different attributes
that we as
individuals have, regardless of whether it's from personal or professional involvement. And
I think this ultimately speaks to the ability to manage multiple credentials across different roles.
And so you mentioned also decentralization there. Why do you believe is decentralization really critical for identity?
What are some of the risks of doing it the old centralized way?
Well, you see, I mentioned these data breaches and privacy concerns, lack of interoperability.
A lot of this comes from leveraging centralized technology. If your identifier or the credentials that you possess
are ultimately controlled by a centralized authority,
what you have there effectively is not only a honeypot
or a centralized single point of failure or attack,
which is how a lot of these data breaches occur,
but what you also have is an inability
to have true interoperability and control
over your identity or credentials.
So if the information is decentralized, and this is lessons we have learned from the blockchain space,
there is a ubiquitous ability to verify and secure in a self-sovereign way your identifiers and your credentials. In the same way we can hold our assets in crypto wallets that we manage under our own custody, our own self-sovereign control,
the same is now true for digital identity and those credentials.
If we're using centralized services and we need to do verification, then what we have
is also this challenge of phoning home, as it's referred to, or the ability to have limited
privacy controls.
If every time I need to verify, I need to contact a central authority, then there is
a clear record between the verifying body, the individual involved, and what verification activity is
taking place. So you could be able to verify a specific attestation about myself without
anybody having to know that I took place in this verification method. So you don't need to know
when I go to the shop and I present my identity, and you don't need to know when I'm presenting
my diploma to an employer, for example.
All that should happen in a decentralized way is we should be able to validate and verify the information.
In the same way we can view the blockchain today and we can determine whether a certain amount of ADA or tokens exist within one wallet or another.
irrefutably and decentralized verifiable data verification.
Irrefutably and decentralized verifiable data verification.
Amazing.
And so I want to go a little bit deeper into this idea of personal identity and organizational roles.
Why do you think it's so critical for users to have control over both?
Well, I think we all live diverse lives and we have an individual element and we have
a professional element.
But the reality is that organizations themselves don't act.
It's individuals representing those organizations that actually act on their behalf.
And again, what Glythe has demonstrated from an organizational identity perspective is
the ability to verifiably with a anchored
root of trust, determine whether or not someone has the authority to act on the behalf of
this organization, and exactly where that authority starts and stops.
When it comes to individual identity, I should be able to interact with ecosystems around
me without having to leverage something like perhaps a driver's license that's issued to
me by a state body.
Perhaps I want to have a communication that is
that is private with an identity that I create and throw away or an ephemeral identity that I wish to use every time I communicate within a certain environment.
But whether it's about privacy preservation, whether it's about clear ecosystem divisions, so that way you're not tying
whether it's about clear ecosystem divisions
so that way you're not tying verification activities
across identifiers or credentials.
It really is up to the user, but that option should be there.
And if we're leveraging technology to enhance our systems,
they should be done in such a way that it is an improvement
for us as individuals.
It should not deter or limit our privacy.
It should only make that stronger and more effective.
Exactly.
And I'm curious also, from more of a forward-looking perspective,
how do you see Viridian evolving over time?
What is your vision for Viridian moving forward?
Could it become the wallet or the identity platform
that people use for both identity and reputation across Web3?
I think the reality here is that we have to acknowledge
that there are a number of different solutions,
protocols, identity standards.
What we envision for Viridian is the ability
for individuals and organizations
to manage their own root of trust
and organizational and individual identity.
One of the reasons we moved in the direction
that we did with Viridian is because our ultimate goal
was to create adoption for the Cardano blockchain,
to demonstrate the robustness of this protocol,
and to have real interoperability between Web 2 and Web 3.
If we have an identity protocol solution system
that is walled within our ecosystem.
So within Cardano, we're able to verify the identities
and the credentials and build them into DATS,
which we can do and we have done for the last two years now
for the Cardano Summit and Cardano ballot.
You have the ability to sign your ballot
with a verifiable identity
from the Viridian wallet. But if we want to have true interoperability, if we want to build systems
that are appealing to enterprise and to really drive the adoption of this blockchain, then we
need a solution that can bridge both the traditional infrastructure of Web2 and this new innovative
Web3 infrastructure. So ultimately, I envision Viridian being one of these vital mechanisms to demonstrate the
interoperability between the traditional systems and Web 3 as we know it today, removing these
walled gardens and truly creating interoperable systems.
Very well said, Thomas.
I think that's a beautiful vision for Viridian moving forward.
Thank you so much for the insights across that.
Now I'd like to quickly transition to Originate.
So a few weeks ago, CF launched Originate, which is an open source traceability solution.
And so now my questions are going to be for Jeremy. So Jeremy, start us off. What exactly
is Originate and what problems is it designed to solve? Thanks, Jacob. So in a sentence,
Originate is a supply chain data auditor powered by Cardano. What that means is that it's modular and auditable infrastructure
component for supply chain traceability,
specifically looking at verifying physical product data
and industry certification data.
What this does is it allows you to consolidate all supply chain
data and provide end-to-end traceability for a product's
origin and its lifecycle. So I've heard that Originate was first deployed through the use
in the Georgian wine use case, where each bottle of wine was registered on the Cardano blockchain
and traced through its entire supply chain lifecycle.
Could you walk us through that case and how it kind of exemplifies what Originate was built for?
Yeah, I'm glad you asked.
I mean, really, there's a lot of interesting history and legacy when it comes to Originate and the importance of Georgian wine.
importance of Georgian Wine. So not many people may know this, but Georgian Wine is actually the
first enterprise use case to make use of a Cardano feature. And that feature is transaction metadata.
So if I fast forward to today with for Originate, what we've done in Georgia, this is now the open source
reference business case on how we can design a solution to the non-3 enterprise world.
While at the same time, we're designing a solution that maximizes the value to organizations
who not only are using blockchain, but they're relying on blockchain for their core activities.
A lot of development went into the Georgian wine traceability program,
which was initiated in 2020, and it is now a growing nation-state traceability program.
And so we worked very closely with wineries, with the Georgian government, and our company called ScanTrust to really create a fully launched commercially viable solution on Cardano.
And so while it was very meaningful for us to actually understand what are these complexity as a non-blockchain company for how you
manage node updates, how you can add additional features, and how you basically maintain all of
the blockchain infrastructure. So in some ways, Originate became the answer for how we can simplify
the use of Cardano and make it easy for companies like ScanTrust and really
any other enterprise to easily manage their integration with blockchain technology.
In that process, we were thinking as well about being vendor neutral.
So we want people more to think about using blockchain as infrastructure and have the freedom of choice for services.
we also wanted to see about how multiple organizations can benefit by interacting with the same verifiable supply chain data record on Cardano.
That's a really key point is understanding, you know, what is the value of interacting with information on chain,
not just once, but multiple times. More broadly, we use this experience and thinking about Cardano
Foundation's strategy and understanding the importance of what enterprise has as a key focus area.
And this led not only for Viridian and Originate,
but more broadly, all market infrastructure that connects to Cardano
and streamlining the interactions with blockchain technology.
And so at the beginning, we did not have the ecosystem that we have
today so it was a true effort by several people involved to go from zero to one and now we're on
the journey from one to a hundred absolutely um so when describing originate you used a few words
that i thought were interesting. You described it as
modular, as open source, and as traceability focused. I was wondering if you could go into
each of these and maybe break it down for the layman. What does it mean that this
technology is modular? And what's the significance of it being open source and traceability focused?
And what's the significance of it being open source and traceability focused?
Yeah, great.
So that's a really great question.
So to be modular, it is very customized to the use case that you have.
And in Georgia, we define this as protecting wineries from
counterfeits and verifying the supply chain data. So what we've done is we designed this
data backend, which you collect supply chain data that you define. So we made a definition of the supply chain data
to be reported by wineries. And then we also made a data standard for the industry certificate data
that is issued by the government. And what that includes is, and actually it's an API that the
Ministry of Agriculture, they integrated into their IT department.
And whenever the National Wine Agency of Georgia
creates a paper certificate,
there is literally a button that says,
add to Cardano.
And so it's a one-click solution
to create these verifiable data records on Cardano.
And when we talk about open source,
I mean, the best part here is that, you know, you can,
you see how the verification engine actually works.
And so if you are an organization that's looking to implement,
you can then take the blueprints that's created
and assess what customization is required
either for wine or for any other supply chain product and traceability is is definitely
in ensuring accuracy uh so we we integrate a digital identity solution that's not as robust as Viridian, but it's lightweight.
And what this does is that it creates identities for the product. It creates identities for
the supply chain actors. And essentially what we're able to do is we can look at a data record
stored on Cardano and we can verify if it's accurate and also if it's real.
And that's really important when we think about compliance information and on-chain data records.
Did this come from the organization that I believe it came from?
And so that's kind of how we prove that this is, you know, this end to end traceability and protection from the counterfeit markets.
Yeah, absolutely. The part that really stood out to me about your response there was that
add to Cardano button. I didn't know that. I think that that could really help to simplify
the whole process for enterprises or anyone looking to integrate this.
That really one click solution is, I think, huge.
And so I'm curious as well, what makes Originate different?
What makes it stand out from traditional supply chain traceability platforms?
And why build it on Cardano?
I mean, so the main goal of Origininate is to modernize traditional supply chain traceability
platforms.
It's looking holistically at digital transformation strategies and what is an easy way to leapfrog
into now and going into the next 10 to 20 years. So many organizations, they want to be
fully digital or have digital plans by 2030. And this is an approach that can be made to solve
that. It easily connects with different front end end user solutions as well as packaging solutions so such as QR codes, NFC chips and more and it's an integration tool. So you know Originate is not a
product. It is generating more value from the core infrastructure layer and you know why Cardano?
And, you know, why Cardano? Well, if I go back to when I talk about transaction metadata, we were forced to think very creatively on the design of Originate.
And honestly, I think that if we were trying to do this today, we might do things differently.
But that would, in my mind, be a weakness because transaction metadata as a feature is almost a killer feature.
And with the one transaction, we have over 16,000 bytes of data.
Now, that may not sound like a lot, but if you compare this to your average use case of, let's say, 70 bytes of data,
this allows us to break the tradition for how blockchain is
used for on-chain traceability and so we're able to think about all these different building blocks
that we can integrate into one powerful on-chain data record and that includes the process of you
know how do we confirm information that is stored off-chain.
We built an on-chain verification system
to prove that industry data has not been altered with.
We integrated digital identity.
We changed the game
how anyone can leverage blockchain for digital trust.
And we also designed a visualization feature so that explorers or any of the front ends
or websites can display this off-chain industry data with verifiable checkmarks.
So why else Cardano?
I would say that we want to position Cardano as being the best for supply chain traceability
and also the easiest for supply chain traceability.
Yeah, well said.
I think with such a solution, it's well positioned.
such a solution, it's well positioned. And so beyond wine, are there any specific industries
or use cases that you can envision originate being used for or that you're most excited to see?
Absolutely. I mean, well, I just returned from Moldova from a global industry event for the wine sector called OIV.
And I did get great feedback on our approach for Georgian wine and what Originate sets up.
Essentially, Originate is also good for any sort of compliance data. And there's an emerging framework from the EU
called digital product passports. And what this is, it's essentially an extension of originate's
current capabilities. And it's adding additional data sources surrounding the value chain of
activities that goes into the supply chain. And now we're looking at collecting information from producers, from importers, from distributors, and more.
There's also key requirements for integrations with physical markers, such as QR codes, and publicly accessible data.
And so it's truly what we have now.
It sets the capabilities for these type of regulated solutions.
And what I'm also happy to share is that from my time spent in Moldova, I was working alongside a little company called Blazer Labs, who is a Cardano development firm based in Moldova.
is a Cardano development firm based in Moldova. And I'm happy to share that what we've initiated
is a working group with large organizations to create a working prototype of a digital
product passport for the textile industry this year that users originate and is verified
on Cardano.
Cardano.
Amazing.
Great work, Jeremy.
And thank you so much for sharing the insights on Originate like that.
So now that we have about 20 minutes left, I'd like to quickly go back to Fred for some
bigger picture ideas.
So Fred, I'm curious, how do Originate and Viridian really reflect Cardano Foundation's
mission and fit into it?
Can you hear me, Fred? Or maybe Jeremy or Thomas, you guys can touch on this.
How these products and solutions really fit into CF's greater mission.
Maybe I can jump in.
Oh, Fred, you're back.
I want to steal it from Fred, but are. Oh, Fred, you're back. Yes, go, go.
I don't want to steal it from Fred, but are you back, Fred?
I mean, it's all about adoption, right?
And filling the blocks.
So it's quite simple.
And we do think that digital identity is a key to unlock a platter of use cases.
And similarly for originate, we think there's a demand for more transparency.
And we do believe that those transactions will not only fill the blocks, but
will add a lot of meaningful value to Cardano.
Absolutely.
I think adoption is really the key word and there's a clear focus here on enterprise
integration.
So these products and solutions really align with our broader vision for adoption.
really align with our broader vision for adoption.
Yeah, and if we can pull off digital identity,
we could really differentiate ourselves
from other players because it unlocks really use cases
that would not be possible without.
So it's really important to get this
right absolutely um let me just try it see if i'm can you hear me now yeah we can hear you fred
that's perfect yes i just want to anchor in what george said it's not just important right it's
vital so when we look at sort of what's happening out there, what digital
identities in plural will bring to us is will bring us the ability to merge into not just Web2,
but all industries and all use cases out there and really anchor Cardano as the foundational trust
infrastructure, the credible decentralized infrastructure under the world.
And what that basically, if you look at the ecosystems of today, right?
So Chainlink, for instance, is doing amazingly well in terms of a lot of work with TradFi players.
But in order for you to really do reinsurance or really to replace some of these sort of
thought through Oracle solutions, you need very, very secure digital
identity. And they don't have that currently at that stage. And that's why you haven't seen the
breakout from that. So in order for us to take oracles to the next level on Cardano, algorithmic
oracles is not sufficient. We need basically centralized oracles,
or basically oracles who relies on centralized data
from the traditional world
with a very strong digital identity
to basically break into all those business models.
And that is, whether that's a digital product passport,
whether that's Stratify, whether that is World Trade,
as we work together with the World Trade Organization,
it doesn't really matter.
This is crucial and essential.
The same goes with interoperability.
So we've been trying to do interoperability across chains, as you know, with the ICB and
Cosmos ecosystems, and we're getting really far with that.
But the true question is, how do you integrate Cardano into Microsoft Azure?
Or how do you integrate Cardano into the core banking system? Or how do you integrate it into defense Azure? Or how do you integrate Cardano into the core banking system?
Or how do you integrate it into defense industry?
You know, how do you integrate it
into those really secure databases
who today run so much value?
And how do you upgrade those?
And the key to that is again identity.
And so when you sort of start playing down
all those use cases blockchain was supposed to solve,
you find that a type of identity,
and there is a trade-off based on each single type,
is the entry ticket to all those things.
And that's also one of the reasons why we were so adamant
to build a multifaceted solution,
but also to build it in open source,
so people can take it and deploy it
into their bespoke use cases. And Originate is just an example on a stack with users identity,
which other people then can take and put into, as Jeremy said, the textile industry or
wood productions or panels or whatever that might be. But it also will increase the scalability of our DeFi ecosystem,
because as these things get bigger and exponentially larger,
you will start having, you know, real prime brokerage in DeFi across multi-chains.
And when those tickets go up, algorithmic oracles as data points is just not sufficient.
And secondly, you need really strong bridges
with very, very big decentralized
and trusted identity around those things.
Absolutely, thanks for the contact there
about how these solutions really fit
into the bigger picture of what we're building
and what we're trying to do here at CF. So now that we have about 15 minutes left, I'd like to open up the stage
to the audience. So if anyone has any questions for Fred, for Jeremy, Giorgio, Thomas,
about Viridian, about Originate, about anything that CF is doing,
feel free to raise your hand and we'll bring you up to the stage
for some live Q&A. So we have one request.
But in the meantime, while we wait for the audience to maybe gather their questions or
their thoughts, oh, there we go, Tudor.
Welcome to the stage.
Do you have any questions for us?
Hello, everyone. to the stage. Do you have any questions for us?
Hello, everyone. Yeah, I'm Tudor, co-founder of Blazor Labs here in Moldova.
Just a little bit about us. We're working along with government entities to advance digitalization while using blockchain technology for identity and traceability.
And I have a question that goes for both Originate and Viridian.
So the way I hear it, Originate and Viridian are both modular stacks.
Do you see them working together in a digital product passport platform
where Originate handles supply chain data
and Viridian secures producer identity.
The short answer is yes. The more comprehensive answer is not only in the relation to the product itself,
but also every entity involved in that value chain. With Viridian and Verifiable Identity in general, we can have irrefutable, verifiable data
across the production process, the shipment, procurement,
and eventual end user ownership as well.
We've had significant lessons learned from the work we've
done with Originate, and perhaps Jeremy
wants to touch upon that.
But in short, Tudor, absolutely, it plays a vital role.
If we don't, and I'm echoing some of the things
he has said by Fred and Giorgio,
if we don't get the digital identity piece correct,
then the quality of the systems we build on top of it
will ultimately be flawed.
And the internet is an example of this today.
But I think I'll pause here to pass to Jeremy
in case there's anything you would like to
add.
And also, kudos to yourself for the work that you're doing on the ground there in Moldova.
It's really impressive.
Yeah, I think I'll just add that part of being modular is being able to swap out building
blocks based off of your industry and organizational requirements. So specifically for digital identity, yes, we can use Viridian,
but we can also use any identity component
as long as it is trustworthy by the organizations that they represent. And Viridian is very core to bringing out a trusted route of identity
for these organizations.
Thank you. Here in Moldova, they're actually working now on the EKYC tool, which would be an identity tool.
They have tenders going on and stuff like this.
I understand that with Originate, we can also use the local infrastructure for digital signatures of people and companies and government entities. But it would be really nice to actually be able to push forward
Beridian as it's already built and it probably would cost
four times less in development and it would be much, much faster
than the expected two years to finish this product here in Moldova.
We hope to be able to push this through.
We're speaking to the Agency of Electronic Governance
for building most of these digitalization tools
and hope to get this through.
Thank you so much for the question and for your insights, Tudor.
So the next question, next speaker we have on stage is Tegar Santosa.
Welcome to the stage.
Thank you. Hi, I'm Tegar. I'm actually from Open Food Chain Company who also joined the space. I'm very interested to learn more about Originate
because we are also working on traceability in agri-food supply chain and we have been
like discovering Cardano for quite a while. And yeah, a big news that CF just did the initial
commit weeks ago and yeah, immediately we give it a try on local. It was really great.
But I would like to ask, how do you see the future development of Originate? Will it continue
as an open collaboration in public? Or is there a more structured direction plan. Yeah, I see it's already on GitHub.
So I'm wondering if there's more to it
than just being open source.
Thanks, Tegar.
Great question.
Actually, you know, we met with Marieka,
your CEO, and Daniel from Open Food Chain
in Jitex, Dubai, last year,
right before Cardano Summit.
And so it was great to get to know what you guys are doing.
It's very promising.
I want to give a shout out because when we did the open sourcing of Originate,
we actually collaborated with a company on Cardano called AgroLabs.
And it's done intentionally because we aim to have
diversity of thought. Also, we aim to have diversity of features that, you know, can
close the gap from what originate is today, what is about, you know, somewhere between 60% to 80% of a plug-and-play solution and bring that up past
90% of plug-and-play. And so as open source, we very much welcome people to use Originate.
We welcome people to contribute. And through implementation partners such as agro labs and blazer labs
and maybe ofc in the near future you know i i'm confident that we'll get there
so is there like a short plan um for a structured direction for now
a short plan for a structured direction for now or just leave it open public
at the moment it is it is open for the public and we are kind of working with a couple of
of partners that i've i've just listed to kind of fine-tune the release and then stay tuned
for more updates on official programs. But the way that Cardano works as an ecosystem
is that the third-party builders are very active. And so what we have to balance here is kind of a planned approach and a welcomed approach for third parties to contribute as they see fit.
So I have no doubt that someone will take or originate and say, hey, I want to build out a program and I want this funded by the on-chain treasury or catalyst.
So that's part of the beauty of being in an open source blockchain ecosystem
is kind of the organic levels of participation.
Okay, cool.
Thanks.
I'm keen to join the ORIGINET community, actually, if there's any, and talk to you all.
Yeah, thank you so much for the great question, Teigar.
All right, looks like I'm not seeing any more requests
to speak, so I'd say this is the last call
for questions from the community.
We got about six minutes left, so we have enough time
for, I'd say, one more question.
Otherwise, I'd like to just maybe open up the floor to our current speakers.
Maybe Fred or Giorgio, you guys have any closing thoughts to share with the space?
No, I mean, from my point of view it's quite clear stay cool keep building keep deploying cadano is ready for business and the more people and the more businesses and the more we do to get
these transactions filled and show diversity and the better we are to send it also to the developer portal where we
basically collect these use cases in order to inspire others you know we will see exponential
growth then we have a couple of you know hard land grabs ahead of us where we need to convince
other blockchain ecosystems and so on who we are and what we can do. And as you've seen with the Bitcoin integrations and the companies who's working on some of
that stuff, including CK roll-ups, this is all coming as well.
So I'm extremely positive at the moment and we will get this done.
Gio, any of you?
No, not much to add. I'm very bullish on Veridian and Originate and I cannot wait to see what
the community is building with it. As usual, my DM is open, I think, so just send me a DM
if you need help for something. I have a past in the digital identity field, so I'm an expert in it, even though I'm a bit fed up
on the other side, but it's something that we need to get right. Yeah, that's about it.
Fantastic. Well, thank you guys so much. Thank you to all of our speakers. Thank you to everyone
who is in here, to everyone who asked a question,
to everyone who is just curious about what we're building.
As I said in the beginning, this is part of our ongoing monthly AMA series.
So stay tuned for next month's session where we will discuss another one of our initiatives
or something else we're building.
Stay tuned to discover what it is.
Thomas, Jeremy, Fred, Giorgio, thank you guys so much.
And we'll see you next month.
Thank you, everyone.
Bye-bye.
Ciao.
Bye. See you next month. ĆaĆ° er hann.
