Cardano Foundation CEO Frederik Gregaard took to the main stage at Paris Blockchain Week on Thursday, discussing everything from the foundational principles of Bitcoin to the swift growth of AI and the essential role of decentralized infrastructure.<\/p>\n
Ambitions For Blockchains And Cardano<\/h2>\n
Gregaard began by contemplating the initial vision of Bitcoin and what attracted countless individuals to decentralized technology in the first place. \u201cWe contemplated this opportunity that many individuals lack access to financial markets, who do not have access to technology we take for granted, and who are hindered due to the absence of a passport or national identity,\u201d he stated.<\/p>\n
He highlighted that the fundamental principle behind Bitcoin was the ability to transfer value without intermediaries and to genuinely own one\u2019s assets. However, he also recognized that the second wave of blockchain, epitomized by Ethereum, transformed the dialogue towards wider capital markets. \u201cEthereum<\/a> performed extraordinarily well in essentially disrupting that model,\u201d he noted, yet he warned that traditional financial hierarchies often reinsert themselves. He provided instances of equity requirements and considerable listing fees, remarking that, in numerous ways, \u201cWall Street is encroaching on us again.\u201d<\/p>\n In light of this context, Gregaard emphasized the global transitions occurring presently, underscoring the significant rise of artificial intelligence. \u201cI genuinely believe the world will be dominated by AI,\u201d he mentioned, presenting a critical question of how best to leverage it to keep people in control. He cautioned that the demand for AI\u2019s \u201csuperb user experience\u201d often eclipses concerns regarding energy usage, data authenticity, and transparency.<\/p>\n For him, this is exactly where blockchain can provide powerful solutions, as the trustless computing model and immutable data storage guarantee that information cannot be altered. \u201cWhen you analyze it now, the concept behind blockchain was essentially two things. We seek blockchain as a trustless computing system, and we desire blockchain as immutable data storage,\u201d he clarified, referencing real-world applications such as a Cardano-based initiative in Eastern Africa, where village-level land registration contributed to diminishing local conflict by transparently charting property ownership.<\/p>\n Gregaard stressed the significance of verifiable data in an age governed by AI-driven analytics and decision-making. He expressed worries about the credibility of information that isn\u2019t traceable to a reliable source, observing that political decisions or international trade agreements could hinge on erroneous or manipulated data. \u201cWe are being exposed to elements we cannot corroborate,\u201d he stated, warning that governments might adopt policies \u201cwithout being provided with the right data.\u201d<\/p>\n He then noted that large language models only heighten these issues since they depend on vast data sets that may or may not be reliable. \u201cIt does matter,\u201d he emphasized, contending that aligning AI with on-chain, verified information is the sole method to root these technologies in \u201cwhat\u2019s the truth.\u201d<\/p>\n Shifting focus to Cardano\u2019s own ecosystem, Gregaard discussed identity solutions and the increasing significance of agentic AI, where machine-driven \u201cagents\u201d communicate based on verified credentials rather than risking data vulnerabilities with centralized systems. \u201cWe introduced a wallet that is compatible with the LEI,\u201d he remarked, referring to the Legal Entity Identifier system used in international trade.<\/p>\n He termed the solution open-source and not restricted to Cardano alone, indicating that others could implement it on different blockchains. The principle, he noted, is that we will all possess multiple forms of identities, and these should be managed in a manner that promotes security, privacy, and interoperability. He also pointed out practical applications such as brand protection, carbon credits in Kenya<\/a>, and decentralized accounting, revealing that the Cardano Foundation itself places its financial statements on-chain. \u201cWhy are we undertaking this?\u201d he inquired. \u201cBecause we must reach a point where we can genuinely not only trust the data but know that the data reflects the truth.\u201d<\/p>\n Gregaard confronted the critique that public permissionless blockchains cannot scale to accommodate global-level volumes, particularly in finance. \u201cYes, you can operate Visa and MasterCard on a public permissionless blockchain,\u201d he asserted, presenting a bold declaration that Cardano is capable of achieving it.<\/p>\n \u201cWe executed over 90 million transactions in one day<\/a>, fully secured by 3,000 stake pool operators. So all those claims they\u2019re discussing cannot be accomplished. It can be done.\u201d It was a direct rebuttal to the widespread notion that significant networks like Visa are unattainable for decentralized architectures.<\/p>\n He attributed this to a developing technological stack that has progressed significantly beyond the early phases of permissioned blockchain experiments. According to him, anyone can now leverage a \u201cfootprint of innovation\u201d across various sectors on the Cardano blockchain\u2014supply chain, healthcare, data management, real estate\u2014without necessitating entirely new chain architectures.<\/p>\n TODAY: \ud83d\udd25 Frederik Gregaard (@F_Gregaard<\/a>), CEO of @Cardano_CF<\/a>, spoke on the main stage at Paris Blockchain Week. \ud83c\uddeb\ud83c\uddf7<\/p>\n Here\u2019s the full keynote. pic.twitter.com\/LcHQTR3BRp<\/a><\/p>\n \u2014 Cardanians (CRDN) (@Cardanians_io) April 10, 2025<\/a><\/p>\n<\/blockquote>\n In his final thought experiment, Gregaard challenged the audience to envision a near future where the world\u2019s most valuable enterprises employ only a handful of individuals yet attain trillion-dollar valuations, all while regulators race to establish effective oversight. \u201cWe\u2019re not going to achieve self-sovereign identity tomorrow,\u201d he conceded, \u201cbut we can create a wallet\u201d that meets many of today\u2019s regulatory and practical needs.<\/p>\n He also posited that increased transparency, particularly on blockchains, would allow stakeholders, shareholders, and citizens to hold large corporations genuinely accountable. \u201cWith a large language model on top of this kind of data, you can be the most informed shareholder ever,\u201d he asserted, suggesting that verifiable on-chain data can empower even minor shareholders with significant insights.<\/p>\n At press time, Cardano traded at $0.63.<\/p>\n Featured image from X, chart from TradingView.com<\/p>\n Editorial Process<\/strong> for bitcoinist is focused on delivering meticulously researched, precise, and impartial content. We maintain stringent sourcing standards, and each page undergoes thorough examination by our team of leading technology professionals and experienced editors. This procedure guarantees the integrity, relevance, and worth of our content for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nCardano Can Scale Beyond Visa-Levels<\/h2>\n
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