Blockchain is all set to be the future that will be leading the next generation of enterprises. It is the leading technology that underpins digital currencies like Bitcoin and Ethereum, but its applications are considerably broader and have the potential to revolutionize every task that involves maintaining databases, in addition to many other tasks.
With the advent of blockchain technology, enterprises are ensuring that they can reap the benefits of the technology. Blockchain is an extremely secure, decentralized system that offers complete safety and security for your transactions. It eliminates the possibility of making any alterations to the system and thus the chances for fraud, and cybercrime are highly ruled out.
It’s helpful to break down the term blockchain to understand how the system operates. Computers on the network encode data, such as smart contracts, Bitcoin transactions, or logistics companies’ supply chain information, into “blocks” that are adds to a constantly evolving digital ledger known as the “chain.” As new blocks of information joins, each node receives duplicate copies of the entire database.
Overview of Consensys
Consensys is a renowned name as a leading Ethereum Software Company that has been enabling global organizations, and individuals to develop next-generation applications, establish modern financial infrastructure, and offer better access to the decentralized web.
What products do they offer?
Consensys have a wide range of products and services such as Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence which is a humungous collection of developer tools for building Ethereum apps and serves millions of users as well as business entities.
So, what is Ethereum? Ethereum is the largest programmable blockchain in the world. It’s built on a trusted foundation of open-source code that has enabled us to offer businesses a platform to create smart contracts for their use cases and build developer communities large enough to support the use cases they need to succeed.
Kavita Gupta former Consensys head
Kavita Gupta is a leading Indian American entrepreneur she is known for her inspirational TED Talk on “What If the World Had Only One Currency?”. This is part of one of her best works.
Kavita Gupta – Consensys member founded Delta Blockchain Fund in September 2021. She also co-founded Fintech.TV, a financial media channel based in New York. She is the current Chief Strategy Officer and host for Fintech. TV. Her work with the World Bank, IFC, and the Schmidt Family Office, the family foundation of Alphabet Inc. CEO Eric Schmidt, covers four continents and has resulted in the establishment of cutting-edge investment funds in the Middle East, South Asia, Africa, and the US.
Kavita Gupta has a wealth of experience in both the international venture capital and digital asset sectors. She was initially the founding managing partner of Consensys Ventures when it was started back in 2017, at Consensys she took care of the development of the company’s distinctive VC-hedge fund, the establishment of Tachyon- Accelerator, and worked towards its presence in India.
Education
Kavita Gupta attended her early schooling at St. Xavier’s School and later earned degrees in Computer Management & Communications and Information Technology from IP University in Delhi, as well as conducting research at the prestigious Massachusetts Institute of Technology. Kavita Gupta also attended The George Washington University and majored in International Trade and Economics.
Recognitions
- Ex-Alphabet Inc. executive and Google CEO Eric Schmidt’s Schmidt Family Office entrusted her with thoughtful mission investing.
- Run a $250 million plus UN SDG-aligned fund that makes investments in global access technologies for the first time or at a reduced cost.
- She has built unique investment funds for the past 16 years through the World Bank, IFC in East Africa, the Middle East, South Asia, and the United States.
- Co-founder of the Distributed Trust Initiative, visiting scholar at Stanford University, and “Beyond Bitcoin” instructor.
- She also serves on the boards and advisory councils of numerous organizations throughout the world, including the Mandela Foundation, the Vatican’s Right Now Foundation for impact investments, the Google Accelerator Social Track, and MIT Solve (Sr. Advisor).
More than 17 years, Kavita Gupta has been in the financial technology industry as well as Delta Blockchain’s present and future visions. Despite the fact that she sees herself as a fervent advocate of Ethereum, she is quick to point out that other blockchains are transfers down due to lower gas costs.
According to her, companies will employ a variety of blockchains and will choose additional blockchains based on their industry emphasis. She also states that the future won’t be a single chain since many blockchains offer diverse benefits and businesses need all of them, including security, productivity, throughput, and low cost.
Delta Fund is Kavita Gupta’s latest venture
Delta Fund by Kavita Gupta in September 2021 is as an early-stage strategic blockchain fund. They are mean to be a strategic, product-driven global fund that collaborates with outstanding Web 3.0 founders and communities to build an interconnected ecosystem.
Delta Fund believes in working alongside entrepreneurs at every stage, from product vision to market alliances to develop their businesses to dizzying heights. The Delta Blockchain Fund is considering and working towards making investments in a number of industries that are closely related to blockchain, including DEFI, NFTs technology, decentralized identification, storage, and computing, play-to-earn economies, and Web 3.0 analytics, among others.
The blockchain ecosystem is still in its early stages and is rapidly expanding in many directions, including various blockchains, protocols, scaling solutions, play-to-earn games, and open finance solutions, among many others. Delta continues to publish cutting-edge research on the issues that are most important to us.
Moreover, blockchain had a wonderful year in 2021. The value of the cryptocurrency market has crossed $3 trillion. With over $23 billion in trade volume, NFTs have grown in popularity. The first bitcoin ETF based on future was put together in the United States
States. El Salvador has made bitcoin legal tender. Ethereum changed the way it collects gas fees. As a result of the introduction of numerous new chains, the total value locked (TVL) on DeFi surged seven times year over year, topping $200 billion. The number of people using blockchain wallets has risen to 70 million.
What is Delta Fund’s mission?
the Delta team is cheers to have supported so many entrepreneurs who have built game-changing products. These companies will continue to be at the vanguard of innovation, and they will build an ecosystem of talent that will help them establish new business models in the future.
Delta intends to expand and support new cutting-edge technologies across a wide range of industries in order to bring the first 10 million, 100 million, and eventually 1 billion people into the chain.
What is the future of blockchain?
Kavita Gupta believes that blockchain is here to stay. Being associated with the financial technology space, she considers herself a strong supporter of she seems quick to point out that other blockchains are now in place of Ethereum because of lower gas fees. She believes that businesses will use a combination of blockchains and will select other blockchains based on their industry focus.
Kavita Gupta also claims that in about three years, we will be seeing a model of interoperable chains based on the various use cases. Because different blockchains provide different benefits and entrepreneurs require all of them such as security, productivity, throughput, and low cost. Thus, the future will not be a single chain.
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