Daniela Barbosa discusses asset tokenization, enterprise blockchain use cases, and CBDCs in episode 241.

Daniela Barbosa, Executive Director of Hyperledger Foundation, gave an exclusive interview with blockchain.com. In the interview, she talks about the history of Hyperledger Foundation and its role in the blockchain ecosystem, the increasing adoption of blockchain technology by enterprises and institutions, and the government adoption of CBDCs.

About Daniela Barbosa

Daniela Barbosa is the General Manager of Blockchain and Identity at the Linux Foundation and the Executive Director of Hyperledger Foundation. With over 20 years of experience in enterprise technology, she previously worked with global brands across various sectors, including finance, consumer, and energy, and helped to architect and deliver enterprise systems, ontologies, and semantic web solutions. In the early 2000s, she became involved in the early Web 2.0 community, where she helped advance the concept of digital identity and data portability as the pathway for people to reuse their data across interoperable applications.

You can watch the full interview with Daniela Barbosa below, and it can be used for publication with credit to www.cryptonews.com.

Highlights Of The Interview

  • The history of Hyperledger Foundation and its role in the blockchain ecosystem
  • The increasing adoption of blockchain technology by enterprises and institutions
  • Government adoption of CBDCs
  • Asset tokenization
  • The role of blockchain in powering sustainable practices at business, cross-industry, and government levels

Full Transcript Of The Interview

Matt Zahab Ladies and gentlemen, welcome back to the blockchain Podcast. We are buzzing as always and today my guest is coming in hot from the one and only California, perhaps the nicest piece of land in the whole world. Always a treat to live there, always a treat to have guests on from there today we have Daniela Barbosa, the General Manager of Blockchain and Identity at the Linux Foundation and the Executive Director of Hyperledger Foundation. Daniela has more than 20 years of enterprise technology experience, including at Dow Jones, where she worked with top global brands across various sectors including finance, consumer and energy, all the way to architect and to deliver enterprise systems ontologies and semantic web solutions. In the early 2000s, Daniela became involved in the early Web 20 community, helping to advance the concept of digital identity and data portability as the pathway for people to reuse their data across interoperable applications. Super pumped to have you on. Been a hot minute, truly pleasure Daniela, welcome to the show.

Daniela Barbosa It’s great being here. Thanks Matt, for inviting me and having me on today.

Matt Zahab Super pumped to have you on. One word that really sticks out in your bio is the word interoperable. That is a word that I honestly don’t think I ever used once until getting into Crypto in 2020. And it seemed that in 2000 and 2021 that was perhaps would have been the word of the year for either of those two years. It seemed that everything blockchain related had to be interoperable. Different chains speaking to different chains, protocols, different protocols, so on and so forth. I think that’d be a good place to start. I’d love if you could give us some parallels about anything interoperable or just some of the sort of synonymous things that you’re seeing from Web 2.0 in the early 2000s to Web 3.0 present day in the early 2020s?

Daniela Barbosa Yeah, I think we all figured out by 2020, 2021, that there’s not going to be one network to rule them all. If you think about it, and maybe early on, people did think that there was going to be One Blockchain network and everything was going to operate and run on One Blockchain network. So by 2021, even before we understood, especially in the enterprise space, so when large corporations are thinking about using distributed ledger technology, that there’s going to have to be multiple options, but that these networks ultimately will have to interact and transact with one another. So the concept of interoperability can be addressed, obviously from a technology perspective, but also from a governance perspective, right? You have different governance models on different blockchains and different communities. And how do you go about making sure that, for example, your digital assets can be transferred from one to another and with the premise of obviously what Blockchain is bringing to the market as well.

Matt Zahab: Once again, there are so many similarities between the early 2000s and today. What about the discussions or certain narratives? Tear me down. Some of the biggest parallels, such as what are the things that you saw back in the day that you’re still seeing nowadays in terms of trying to figure out these fibers and the connection points to really make it work? I wish I was lucky enough to be a part of it. Back then, I would have been six or seven years old, way back. I was still in kindergarten and grade one, grade two kind of thing. But what are some of the other similarities that you’ve seen besides interoperability?

Daniela Barbosa: I think overall, it’s always a play on efficiencies, right? And how can organizations create systems that create efficiencies in their markets, in the industries that they have? And so I think when you think about blockchains and all the tools and technologies that are defined under Blockchain, it is about creating more efficient ways for people to have access to information, more efficient ways for people to do their business. So I don’t think that has changed much in the early 2000s. If you think about Web2, when it started being the web more as a read-write type of environment. So Web1 essentially thinking about it as a digital encyclopedia. You went on a website and you’re just like, oh, I can read, and people are publishing here. But Web2 became more of a read-write. So not only could I read what was published, but I can write. But ultimately all that writing was being done on a platform that belonged to a third party, right? Whether it was MySpace or Facebook eventually or others, you didn’t own it. But the idea was the demarcation. So having individuals access to the internet or access to the web was really core. So I think those principles of having people having information of people owning the information that they’re producing, those principles still reside. And the technologies today, the Web3 technologies, are enabling that much easier I think, in the marketplace. So for me, I’ve always been very interested in how the technologies enable access to information. When I did my undergrad and my graduate work, it was in library and information science. And I love libraries, I love books, I love cataloging books, but it was really about the access to the information. So in the early 90s, I was sitting in computer labs in the basements of my university, amazed by the amount of information that it was already on these proprietary systems. And thinking about how can that be further democratized? How can people have access to the information? And if you think about today and Blockchain and Web3 and what is enabling our communities, it’s really that premise. And that’s why every day I wake up and I’m just like, I can’t believe I’m working in this industry because there’s still a lot of work to be done. But the technologies are really enabling that future that in the early 90s I fell in love with.

Matt Zahab: So it was almost a no-brainer for you to jump from Web2 to Web3. It seems like this is sort of deeply rooted in your muscles, bones, and fibers since you were, I guess, a young lady back in uni way back in the day.

Daniela Barbosa: Yeah, absolutely. And if you think about some of the principles around semantic web and digital identity that we’re being discussed, these are all principles that are being implemented into our systems today, whether it’s Blockchain or AI or any other technologies that are building our infrastructure. So yeah, I’m still at it and very excited about where these things are actually going and where I’ve been with the Hyperledger Foundation for the last seven years, where our community as a whole has really invested and moved forward the technologies in the blockchain space. Let’s keep going on the Hyperledger Foundation for a sec. Before we get into it, I’d love if you could give a quick elevator pitch just to sort of set the tone and landscape for our listeners here.

Daniela Barbosa: All right, so for those of you who don’t know open source and how open source works, one of the things that’s important to understand about the Hyperledger Foundation is that we are part of the Linux Foundation. The Linux Foundation, for the last 20 years, has essentially been the place for open source code projects to come in to be openly developed, right? So where code comes in and communities build together that are vendor-agnostic that are really global in nature, and people are building open source code and these communities that support it together and collaboratively in the market. The Linux Foundation hosts some of the most important technology open-source projects. Obviously, the Linux kernel being the first one, but things like cloud-native computing, where Kubernetes, where all the cloud computing open-source projects live. Automotive grade Linux, if you’re running many of the automobiles in the marketplace, the operating system, because your car now is a computer, the operating system is actually a Linux version.

The passage is a conversation between two people, Matt Zahab and Daniela Barbosa, discussing the use of blockchain technology in enterprise. Daniela explains that many companies and even governments are using open source communities such as the Linux Foundation and Hyperledger Project to collaborate on building enterprise grade technology. The goal is to create systems with less friction and more efficiency in various industries such as bond settlements, remittances, cross border payments, and supply chain management. The Hyperledger Foundation is an open source community with over 80,000 participants and hundreds of member companies who fund the work done for the community. Daniela expresses excitement for the countless implementations of Hyperledger technologies that businesses and individuals have built and continue to build.This is a conversation between Matt Zahab and Daniela Barbosa about their excitement for different use cases of enterprise blockchain technology. Matt asks Daniela which use case excites her the most, such as central bank digital currency, faster settlement times, financial inclusion, or cross-border transactions. Daniela mentions that the Hyperledger community has been core to CBDC experimentations and some of their projects, such as Hyperledger Iroha, have launched retail CBDCs in Cambodia. She believes that each region needs to understand the monetary policy that they need to address before implementing blockchain solutions. Daniela gets excited about use cases where people can participate in financial services, such as tokenization of real-world assets, which democratizes access to financial markets for individuals worldwide. Matt agrees and adds that he is intrigued by the potential for asset tokenization to be applied to nontraditional finance methods, such as tokenizing a notebook or buying a water bottle with a share of Apple or Google. The conversation ends with a shout-out to the sponsor of the show, PrimeXBT.

Daniela Barbosa: One of the questions we need to address is how to use this technology for good. For example, in terms of climate change, the BIS and the Hong Kong Monetary Authority are using Hyperledger technology to tokenize green bonds and create a market for regular individuals to buy into these bonds. This allows individuals to participate in the economy and have access to the same opportunities as big players while doing something good for the environment. However, tokenizing any asset, even a notebook, could be profitable depending on the information contained within it.

Matt Zahab: Tokenizing a notebook is a selfish use case and not desirable.

Daniela Barbosa: Another interesting application of tokenization is using blockchain to fractionalize and create liquidity out of intellectual property (IP). For example, using a combination of Hyperledger Fabric and the public blockchain Casper, a project called IPWI is focused on creating a platform for patent tokenization. Instead of selling equity in a company, an entrepreneur could tokenize the patent and sell equity in the patent itself, creating an opportunity to raise money off the patent that’s been issued. The IPWI platform claims to have 25 million patents minted on it. Other platforms, such as TOKO by DLA Piper, allow for the tokenization of assets ranging from homes to horses.

Matt Zahab: These are interesting use cases. However, I wonder how the government feels about asset tokenization, as it adds complexity to their legal framework.

The following text is a conversation about the use of blockchain technology in various regulations related to sustainability and traceability. The conversation highlights the importance of blockchain in ensuring that regulations related to sustainability are followed and that data related to sustainability is not corrupted. The conversation also touches on the topic of corporate greenwashing and how blockchain technology can help prevent it. The conversation includes specific examples of regulations related to electronic vehicles, agriculture, and mineral mining in Europe and British Columbia. Overall, the conversation emphasizes the potential of blockchain technology in ensuring sustainability and traceability in various industries.The following is a conversation between Matt Zahab and Daniela Barbosa, Executive Director of Hyperledger Foundation. Matt compliments Daniela’s passion for her work and the foundation she represents. Daniela shares information about the foundation’s case studies and invites listeners to visit their website and join their meetups to learn more about blockchain technology. Matt thanks Daniela and mentions the foundation’s Twitter handle. He also encourages listeners to subscribe to the podcast. The conversation covers topics such as enterprise adoption of blockchain technology, central bank digital currencies, and sustainable business practices. The conversation ends with Matt thanking his team and listeners for their support.

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