We Can Run VISA On Chain
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano Foundation CEO Frederik Gregaard took the main stage at Paris Blockchain Week on Thursday, covering everything from the original ideals behind Bitcoin to the rapid expansion of AI and the crucial role of decentralized infrastructure. Vision For Blockchains And Cardano Gregaard started by reflecting on the early vision of Bitcoin and what drew so many to decentralized technology in the first place. “We thought about this opportunity that there’s a lot of people who don’t have access to financial markets, who don’t have access to technology we take for granted, who is being blocked because they don’t have a passport or a national identity,” he said. He emphasized that the core ethos behind Bitcoin was the capacity to move value without intermediaries and to truly own one’s assets. Yet he also acknowledged that the second generation of blockchain, typified by Ethereum, shifted the conversation toward broader capital markets. “Ethereum did extremely well in basically disrupting that model,” he remarked, yet he cautioned that traditional financial power structures often found their way back in. He cited examples of equity demands and sizable listing fees, observing that, in many ways, “Wall Street is creeping in on us again.” Against this backdrop, Gregaard stressed the global transformations now underway, highlighting the pivotal rise of artificial intelligence. “I actually do think the world will be dominated by AI,” he said, posing the critical question of how best to harness it so that people remain in control. He warned that the appetite for AI’s “fantastic user experience” often overshadows concerns over energy consumption, data provenance, and transparency. For him, this is precisely where blockchain can deliver robust solutions, because the trustless computing model and immutable data storage ensure that information cannot…
