Karachain CEO’s interview with Neil Patel
Syed Jafar Naqvi, the Co-Founder and CEO at Karachain, India’s First Smart Contract enabled Blockchain, was recently interviewed by Neil Patel, on his The Indian Startup Show that regularly tops the iTunes Tech Charts.
The podcast was recorded on the Valentine’s Day, and to make the day special, the focus of the podcast was an exclusive blockchain-based product that the Karachain team had released, LoveBlock.
Development on LoveBlock commenced as a weekend-diversion for the team that has been building Karachain, which has now turned into a project at full-scale. Karachain is India’s First Blockchain that supports Smart Contracts and has a Self-Governed Treasury, SDKs and APIs for developers, a Karachain Exchange, a KaraUniversity et. al.
At the beginning of the interview, Jafar has explained blockchain technology in layman terms and how revolutionary a technology it is. He has put light on why a cryptocurrency like Bitcoin was needed. He has explained why the Bitcoin Blockchain is hacker-proof and that if it’s ever practically hacked, the value of the coin will decrease to an extent rendering the motive behind the hack as baseless. He has talked about smart contracts and how they are an appropriate addition to situations where agreements are to be met.
Talking about LoveBlock, it is a product where people can buy locks and dedicate them to their beloved by putting them on the blockchain. This allows couples to make a truly eternal effort as anything that goes on the blockchain stays there forever. In addition to that, people can buy or even forge new locks and instead of using them, they can put them on sale. This gives a solid investment perspective to the locks on LoveBlock. This is made possible by implementing the locks as tokens based on the ERC721 standard which allows every token to be different. That’s how every lock is different in terms of characteristics, allowing us to create a whopping 3,89,50,081 unique combinations of locks. Visit LoveBlock to know more.
Jafar went on to talk about the 40+ strong developer team that is currently building India’s First Blockchain, and that they are expecting a Test Net launch and a Pre Sale in about a month. He shared his vision for the future of Karachain where he sees multiple vendors using Karachain as a blockchain solution for their day-to-day internal or external activities.
At Karachain, they are not only building a blockchain for the developers, but are also about to launch KaraUniversity which has a complete community approach where the team behind Karachain is creating courses for blockchain developers of all stages with highly fluid explanations.
Jafar ended the interview with a light note about how he visualised LoveBlock as a means for people to immortalise their love by locking it forever on the blockchain; and that his vision for Karachain is to make it a widely accepted blockchain with an amazing lot of features such as a Self-Governed Treasury where projects can fund themselves et. al.
Here’s a link to the podcast again: http://www.indianstartupshow.com/karachain
Here’s a link to Karachain: https://karachain.io
Here’s a link to LoveBlock: https://loveblock.io
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