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Adapting and Focusing on Building Something bigger with Swaroop Hegde
Today we’re talking with the co-founder of PowerLoom, Swaroop Hegde. Swaroop has been an entrepreneur for the last two decades and knows nothing else. After he sold his first company, he got into dabbling in the blockchain space in 2017 during the ICO hype. It was using it as a protocol that really caught Swaroop’s attention. As a coder, he found a niche of missing developer tools and wanted to create them for the mainstream. Swaroop started building infrastructure tools and became a bootstrap company.
The challenge from a developer perspective is you have to write a lot of code and get end users to trust what's being shown to them. Swaroop says just because it’s on blockchain doesn’t mean what's being shown to you is what it is. The idea behind PowerLoom is to aggregate all the data in a verifiable way. With every snapshot that comes out there’s a way to verify information. Swaroop says they plan to build it to be fully decentralized and become a DAO. He says DAO’s are how the future is evolving. The downside of DAO’s is it complicates a process, which is easier when you have fewer people involved. As it grows bigger, it becomes a problem. With DAO, from day one, any change is monitored and is truly being built in the open. In fact, the creator of the internet predicted that all data would aggregate into a couple mega powers. The blame is also on the consumers who want convenience.
PowerLoom is only six months old, but a lot of the work for it was done over the prior three years. They got their initial backing in October and decided to give the idea six months to see where it goes. They’ve just closed their first seed round. Not only that, but they first started with snapshot data every few minutes, but it wasn’t enough, people wanted data in real time. PowerLoom is adapting and focusing more on building something bigger. With the team still composed of just the two founders, Swaroop says they are looking to build their team soon, and anyone interested can look for job listings at powerloom.io. Swaroop says there are a lot of projects coming in with more mainstream people paying attention. To learn more about PowerLoom visit powerloom.io; Swaroop says they’re always putting out more information.
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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
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By The DIVI Podcast
5
191191 ratings
Today we’re talking with the co-founder of PowerLoom, Swaroop Hegde. Swaroop has been an entrepreneur for the last two decades and knows nothing else. After he sold his first company, he got into dabbling in the blockchain space in 2017 during the ICO hype. It was using it as a protocol that really caught Swaroop’s attention. As a coder, he found a niche of missing developer tools and wanted to create them for the mainstream. Swaroop started building infrastructure tools and became a bootstrap company.
The challenge from a developer perspective is you have to write a lot of code and get end users to trust what's being shown to them. Swaroop says just because it’s on blockchain doesn’t mean what's being shown to you is what it is. The idea behind PowerLoom is to aggregate all the data in a verifiable way. With every snapshot that comes out there’s a way to verify information. Swaroop says they plan to build it to be fully decentralized and become a DAO. He says DAO’s are how the future is evolving. The downside of DAO’s is it complicates a process, which is easier when you have fewer people involved. As it grows bigger, it becomes a problem. With DAO, from day one, any change is monitored and is truly being built in the open. In fact, the creator of the internet predicted that all data would aggregate into a couple mega powers. The blame is also on the consumers who want convenience.
PowerLoom is only six months old, but a lot of the work for it was done over the prior three years. They got their initial backing in October and decided to give the idea six months to see where it goes. They’ve just closed their first seed round. Not only that, but they first started with snapshot data every few minutes, but it wasn’t enough, people wanted data in real time. PowerLoom is adapting and focusing more on building something bigger. With the team still composed of just the two founders, Swaroop says they are looking to build their team soon, and anyone interested can look for job listings at powerloom.io. Swaroop says there are a lot of projects coming in with more mainstream people paying attention. To learn more about PowerLoom visit powerloom.io; Swaroop says they’re always putting out more information.
--
Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.