Want to learn the best business insights from remarkable speakers at Slush 2023, but don’t have the time to watch the full speeches on YouTube?
You’ve come to the right place. Below is a summary of a speech by Pascal Gauthier (Ledger) and Jonathan Sibilia, Partner at Molten Ventures.
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<p class="h1-rich">🤏 TL;DR</p>
Ledger provides hardware security solutions for digital assets, including cryptocurrencies, NFTs, and smart contracts, to protect cryptographic secrets from hacking attempts and cyber threats. The company encourages developers to build applications on their secure platform through open-source projects and has partnered with Katay Innovation to create a fund for early-stage crypto entrepreneurs. Action items include developing a more user-friendly onboarding process, enhancing the security of digital assets, continuing to build the ledger ecosystem, and investing in early-stage crypto entrepreneurs.
<p class="h1-rich">✨ Summary</p>
- Jonathan, a partner at Molton, introduces the discussion on Ledger and its importance in the crypto ecosystem.
- Pascal, from Ledger, explains how Ledger secures digital assets using hardware security and chip technology.
The Challenges of Mainstream Adoption
- Mainstream adoption of cryptocurrencies is still low, and user experience is a significant obstacle.
- The current state of crypto adoption is comparable to the early days of the internet.
- User experience and onboarding are critical pain points that need to be addressed for broader crypto adoption.
The Importance of Security for Digital Assets
- Ledger provides hardware security solutions for digital assets, ensuring the protection of cryptographic secrets.
- The need for secure hardware and software platforms is increasing as hacking attempts and cyber threats rise.
- Ledger's goal is to provide security not only for cryptocurrencies but also for other digital assets like NFTs and smart contracts.
The Role of Developers and the Ledger Ecosystem
- Ledger encourages developers to build applications on their secure platform through open-source projects.
- The Ledger Live ecosystem has hundreds of applications developed by thousands of developers.
- Ledger's security review process ensures that applications built on their platform are secure.
The Ledger Katay Fund for Crypto Entrepreneurs
- Ledger has partnered with Katay Innovation to create a fund for early-stage crypto entrepreneurs.
- The fund provides both technology and financial support to promising projects in the crypto space.
- Investments have been made globally, and partnerships with other investors are formed based on the project's needs.
Advice for Entrepreneurs
- Success in entrepreneurship takes time and perseverance; it's a long-term commitment.
- Celebrate small successes along the journey and understand that challenges and hard work are part of the process.
- Patience, resilience, and a willingness to tackle tough problems are essential qualities for success.