Madhavan Malolan is the Founder & CEO of Questbook, an app that makes it easy for busy professionals to up-skill other professionals with bite-sized courses. He has also worked as a Software Development Engineer at Microsoft.
On this episode of The Shape of Work, we picked his brain to have a litany of tactical insights on Web3, blockchain & more. We discuss with Madhavan:
- The most common recruiting challenges and how they overcame that
- The no-code potential in the Web3 world
- DAO & its future/potential
- How to assess candidates for job-fit
Episode Highlights:
Building a crypto community on Discord
Madhavan Malolan shares his snippets about his journey of building a crypto company and nurturing an active community on Discord, a platform with a large population of cryptocurrency enthusiasts.
Issues in the Web3 and Crypto space
The Questbook founder talks about the potential of cryptocurrencies in a world where even highly educated professionals are not fully aware of crypto and Web3 and what can be built using these digital currencies.
Incentivizing community members in the context of Web3
Madhavan strongly feels that without incentivizing the community members, it is impossible to sustain a business that is so heavily dependent on its community. He talks about how individuals are now upskilling in the field of Web3 and cryptocurrencies, and they use Questbook as a marketplace to find opportunities.
Recruitment challenges faced by companies dealing with these technologies
While it’s a great time for product managers and user experience designers to establish themselves in the tech market, there aren’t sufficient Web3 developers in the ecosystem. It is why Madhavan has built Questbook - to enable developers to learn Web3 technology. As a company, Questbook is focusing on helping developers upskill and reach their potential to survive in today’s thriving digital economy.
Future and existing potential of DAOs
DAO at its fundamental level facilitates decentralization of decision-making. Madhavan shares his thoughts on how Facebook, a highly centralized platform where Mark Zuckerburg takes all the decisions, is likely to move faster compared to DAO. He sheds light on how the need of the hour is to design economic incentives such that companies achieve both decentralization and speed.
Choosing blockchain to build products
Every blockchain has its advantages and disadvantages. Therefore, you need to choose them based on the use cases depending upon whether you prioritize security, faster transactions, or other things. For example, to achieve high security, bitcoin is a suitable blockchain.
Comparison between ETH and ENS
Madhavan says that ENS solves the issue of sharing addresses that one encounters while sharing an address on ETH. ENS is gaining prominence over other projects because of its emphasis on community, people, and the non-greedy approach of founders across tech companies.
Future of NFT and Web3
Though people buy NFTs only for further sale, Madhavan feels that it has got huge potential ahead. He also believes that NFTs will not reach millions of users but instead will be used as an identity or as credentials by professionals.
Follow Madhavan on LinkedIn.