Information Age spoke with Colin Cantrell, founder of Nexus, on the real applications and innovations surrounding the emerging blockchain world
"Companies that are adapting to this are showing that they are forward-looking and are at the service of people, who will ensure their company's position in the future."
Founded by Colin Cantrell, Nexus is inspired by the work of Jim Cantrell on space exploration with Elon Musk as the founder of SpaceX.
"I asked my father, what do you think is Elon's most precious trait and he said his inability to conceive of failure," said Cantrell. "That's how he managed to create so many rockets and get to the point of almost bankruptcy, but he still could not perceive himself as a failure."
Since its establishment, Nexus has been committed to bringing real innovation and choice to the blockchain world, introducing new concepts such as satellite-enabled operations and an open source model that delivers superior speed, scalability and business integration.
In the interview with Cantrell, he expressed an interest in space development and coding – in particular – from an early age.
He learned the Visual Basic programming language at the age of 12 and at the age of 16 was already designing rockets with his father. Now, at age 27, Cantrell is an inventor of hardware and software, musician and philanthropist who is trying to bring positive changes in the world via blockchain.
Nexus is an innovative, advanced and reliable open source digital ledger designed to improve the world through advanced peer-to-peer networks and digital currency, which is a description of the business.
But the concept of the company is reduced to the fundamental idea of connection. Nexus means a connection between two or more things.
At the moment, whether through political rhetoric or ideological contradictions, we are witnessing many divisions in the world. "Blockchain is a technology that allows us to remove the border illusion and hopefully start solving some of these things that show we're not that different from one another," said Cantrell. .
"Nexus is born from the idea that connection is something we have seen happening everywhere: it is the essence of life in a sense: connect one with the other.
Blockchain: for people
Blockchain is a technology that has been designed to help facilitate greater connection and create a safer Internet.
"The Internet relies on central third-party services to ensure this security, but we are moving into a more decentralized space [with blockchain] this basically makes it safer, because there's nothing to hack, there's nothing to check. It also distributes power; as we are seeing with some people in power, they have not necessarily been for their people and we need to distribute power more to people, "explained Cantrell.
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"It's a technology designed to be used as a tool to help people empower themselves, but you need to teach people and instruct them on how to properly use the instrument, otherwise it's comparable to giving a 2 year old hammer – you can not expect them to happen good things So, the education about what we can build with it and what we can do with it is really important – then the applications will start to appear all over the business world ".
Cases of use Blockchain
Currently companies are not using blockchain, not yet, according to Cantrell.
The biggest case of use are tokens, speculative tokens and speculative resources for fundraising – ICO. These are, essentially, just a speculative token that represents the potential value of a company.
"Which companies want to use it [the blockchain] to surround anti-fraud. They are seeing many ownership of supply chain management, in the management of royalties payments, dividing the ownership of some digital resources that are represented through a physical asset. Things like that, "said Cantrell.
"Money was backed by gold, where a sort of paper represents a physical asset, it's something I'm seeing too, and then it's tied to the supply chain."
"So those are the main areas of interest: the tokenisation of royalties and utility tokens rather than speculative tokens, frauds and the supply chain".
Obstacles to the blockchain
The mentality is a great barrier to the adoption of blockchains in business. With most organizations, you have to convince them that they need to change their mindset. They are used to increasing profits and advancing, but the world is moving towards the blockchain. It is moving on a more distributed system rather than on a hierarchical one.
For example, "you can not really go to a CEO and say hey, there will not be CEOs in the future, you have to help them shift their mindset to see the greater value their company can bring, which ultimately brings them value greater than what they really thought in the old way, "explained Cantrell.
Integration is another barrier. "We have to remove this pink cloud mentality, build magical unicorns with blockchain and make it practical," said Cantrell. "Something that people can actually use and touch."
"From the technological point of view, it's the problem of scalability."
The race to the blockchain space
Satellites can create decentralized systems that allow individuals and companies to take control of their personal financial freedom. With the increase in Internet censorship and the unsustainable and sometimes unreliable 300 million internet cables connecting the continent to the continent, a solution for people it is necessary.
"The satellites actually give us our hardware, because when you check the hardware, you control the whole Internet," said Cantrell.
"Satellites provide that value where we can build an internet ourselves, but it's a network built by people for people, you can launch a satellite from around $ 200,000 to $ 250,000 per satellite."
"It's a bit like computers were back in the 70s, where only universities and governments had access to them, and then Steve Jobs (and Steve Wozniak) in Apple made them pretty small and enough That's where the satellite industry will really start coming in. The use cases will be incredible, "continued Cantrell.
"By creating this satellite infrastructure, we are creating an economic incentive for people to collaborate, share and drive traffic to each other, so you get a better bang for yourself, I can launch a satellite and join a constellation of 1,000 instead of having to deploy 1,000 satellites at the same time. "
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Ensure the future of your organization
Companies must embrace blockchain.
As a technology company or company, you need to know where the world is going to be able to provide the services to do it. And the world is moving in the direction of the blockchain, in Cantrell's mind.
People, he argued, "want to see more products that are built for them, even if straws are made biodegradable.People are not happy with their governments and are starting to think more consciously.They are disillusioned.The Blockchain has the capacity to rectify it and satisfy that need for them ".
"Going on so soon, you'll open up to the way mass psychology will turn – public demand that this kind of open platforms will increase."
"This is why we are witnessing such huge movements around the blockchain industry right now, because people see it as something that gives them hope that the world can change, and they want change. they adapt to this are proving to be far-sighted and to be at the service of people, who will guarantee the position of their company in the future. "