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10/10/2024

HEATH BEHNCKE

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00:00My name's Heath Bankey, I'm the founder and managing director of Holon.

00:16On the web 3 side, what becomes really clear, if you start looking at all the problems in

00:21web 2, so start thinking about privacy, data capture, governance of data, cyber security,

00:27all these issues, really web 3 is actually looking to solve those issues, and that's

00:33actually how it started for me, when I started to look at how web 2 has delivered fantastic

00:38benefits to society, the biggest companies in the world are driving that, and a lot of

00:43things have come to digitise our lives, but also there's challenges and problems with

00:47that infrastructure, how that runs.

00:49So when you deeply go into it, you realise the web 3 side of things is actually looking

00:54to develop vastly better infrastructure, critical infrastructure that can solve those

00:59challenges for the future, so I'd say be given an open mind about that, and when you study

01:06it deeply, and this is why I deeply understood web 2 and the web 2 infrastructure, and when

01:11I started to realise how we could actually solve those problems, that's why I, so hang

01:15on, this made a lot of sense to me, and why we got involved in that way.

01:18And then when you start to look at things that are happening for a world of autonomy,

01:23which is what AI is creating, actually web 3 infrastructure makes a lot of sense to drive

01:31that world, particularly in our case is a great example, we've been talking at the conference,

01:35providence of data, everybody's concerned about, well who's, what is the AI going to

01:40do with my data, big companies are concerned about that, individuals are concerned about

01:44that, well that actually starts with providence of data, and that's why our data structures

01:48again, the mutability, the verifiability, can really resolve, can resolve those issues

01:53in that way, so that's why we were actually saying guys, actually we have solutions here

01:57to address some of those main concerns around risks to people's data, and data and AI is

02:02going to go hand in hand, you can't actually have AI without data, in that way.

02:10Yeah, it's kind of like, there's always like an adoption curve with things, and sometimes

02:14you find, like where we are today, usually we're solving a big pain point for somebody

02:20initially, so I'll give you an example, on the, in our network, what we've ended up is

02:25working with big research organisations who have petabyte scale data sets like, and they've

02:30got problems with how to manage data, and how to verify that, so that's like an example

02:35without looking for a solution, and then the greenness is like a benefit as well, and actually

02:39a lot of those groups are saying, we want you to go green, with the data, is that well,

02:43but it's like all these things, it ends up being a journey in that way, and it depends

02:48on other requirements that needs to be met for the organisation, and usually what you

02:51tend to find is that, a lot of organisations have hybrid solutions of course, and they

02:56operate, but it's always like you say, you can dip a toe in the water, with what we're

03:00doing, and then see what the benefits are, out of it actually are, in that way, so it's

03:06kind of like, but I would say keep an open mind for these things, I remember when I first

03:10came to the market, it was like, it was like 2000, the tech drag, I had a lot of older

03:15people telling me, this internet thing is not going to go away, and it's not going to

03:18amount to anything, 20 years later, actually it was the biggest thing on the planet, so

03:24what I'd say, when you start looking out and seeing, there's a fundamental shift that's

03:28going on, it's just really like a new way, a new technology platform that we're running,

03:33and it's really trying to solve the issues of the last one, so keep an open mind.

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