Zach had a great chat with Nadav Hollander, the founder of Dharma, a generic protocol for tokenized debt agreements. It’s pretty exciting stuff.
For a long time, the blockchain community has been talking about the technology’s potential to enable vast suites of new, decentralized financial services. Dharma, which continues to undergo development, will provide a means to allow for tradable debt agreements on top of a blockchain. Now on the Ethereum mainnet in a closed beta, Nadav, a former Google engineer, had a lot to say:
Dharma aims to be like Ethereum, in a way
Ethereum provides a powerful decentralized computing system for individuals around the world to use; a very influential platform. Just as Ethereum is the standard for decentralized computation on blockchain, Dharma hopes to provide the standard for debt agreements on blockchain, with third-party developers coming up with ways to layer new functionality on their platform.
There are a lot of amazing financial primitives being worked on
Although given an opportunity to focus on his own company during the podcast, Nadav made sure to note the excellent technical work going on in the broader blockchain community, such as trustless asset swapping projects. These projects will end up meeting the demands of major financial institutions, and then interact with consumers across the world.
Dharma’s focusing on the technology first, value capture second
Nadav isn’t worrying at the moment about choosing a profit scheme for Dharma. He’s confident that the company is building a technology that will inevitably become a vital part of the financial landscape. Although the Dharma team has a lot of ideas on how to generate value, at the moment they are content to build something of value that a community can form around.
- Dharma aims to be like Ethereum, in a way
- There are a lot of amazing financial primitives being worked on, and
- Dharma’s focusing on the technology first, value capture second