WEBVTT
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Welcome to Drilling into Crypto. I'm your host, Mohammed al Masri.
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Every week I speak to the leaders that are driving
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the global financial revolution. Drilling into Crypto puts the spotlight
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on the importance of crypto assets on energy markets and
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on global monetary policy.
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Great welcome, Thank you for joining us on Drilling into Crypto. Beduel,
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how are you doing?
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Thank you, Mohammed, the pleasure it's mine. I'm doing well, amazing.
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I'm very glad to have come across your profile and
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appreciate you supporting the show. It seems like there's a
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lot we can talk about here, but I always like
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to start off by asking my guests about themselves, of
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course to introduce themselves briefly, but also to understand about
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your journey into the crypto landscape and how you ventured
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into crypto and what you were doing before crypto. So
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please go ahead tell us about yourself and your role
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at cryptoapis well.
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I started in web Treac twenty seventeen. During that time
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was the hype of the icos. We were providing ico
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SaaS platform assisting projects to run their icos, and after
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one year we noticed that most of the projects they
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struggle with building their projects because it's it's not an
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easy task to have your own nodes, to maintain your nodes,
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to take care of servers and all this stuff, and
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blockchain was still new for most of the people. So
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we decided to create a tool or a platform where
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can assist all the blockchain projects, all the Web three
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projects actually to build faster, easier and cheaper any Web
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Tree product. So we released crypt epiis in twenty eighteen.
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Cryptypis it's rest APIs on chain. We provide on chain
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blockchain data for the for the projects to be able
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to pull any data related to transactions, balances, talking transfers,
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check fear recommendation and all this stuff. So yeah, we
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we are helping the projects to build faster, is and
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cheaper as I mentioned, because they simply integrate our rest
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APIs in their back end instead of building their own nodes,
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taking care of develops, hard soft forks, servers, and et cetera.
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And yeah, I would say that so far, we onboarded
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very trusted names from the industry that are trusting our solution.
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Big hardware worlds, exchanges, trading platforms, portfolio management, accounting companies,
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all these companies they need blockchain data and instant notifications.
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We also provide instant notifications for incoming outgoing transactions, new
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blocks again get fee recommendation and all this stuff. So yeah,
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before jumping in web Tree, I was working as a
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business development manager in one of the biggest companies that
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are producing browse online games. I was responsible for for
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publishing the products in Middle East and North Africa. And
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yet so far, uh it was. It was a good journey.
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But after that I moved to the web Tree and yeah,
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I feel comfortable and I'm happy that we are assisting
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many big companies from the industry to to to make
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things faster, easier and cheaper for them. Also to assist
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new startups to kickstart faster by using our solutions. So yeah,
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so far, that's that's all.
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I think. It's really interesting the crypto API's business model
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and seeing where the you know, real world asset organization
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is going and that even governments are adopting uh you know,
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uh tokenization registries for for example, real estate. In Dubai,
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we we have the Dubailine Department that set up the
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official registration on blockchain of real estate and the tokenization
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of real estate properties. And I believe your your model
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actually is going to be much more required given that
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you know you will need to fetch data through oracles
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in order to maintain you know, the legitimacy of these tokens.
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Right, You're absolutely right, Mohammed, Yeah, uee and uh, they're
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very well known as a crypto friendly region, which is great.
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We have many customers from this region as well. Uh.
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And yeah, definitely our products could be used from any
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web tree company as I mentioned, and especially in real estates.
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This is also something they would need to check transactions.
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When it comes to buying or selling any acid, you
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would need to know in time when the transaction happened
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on the blockchain, and this is where cryptpis can assist
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and notify the involved parts whenever there is such event
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happened I mean incoming or i'll going transaction, what is
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the amount of the transaction and everything related to to
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the particular transaction a something more blockchain as a technology,
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it's a great but there is a lot of complications
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in terms of if you would like to listen or
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to track a coin transaction or talking transaction or internal transaction.
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These are three different types of transactions. And cryptape Ice
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is proud that we support all kinds of transactions which
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we can deliver real time notifications about.
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That take me into a more complex journey of the
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API of a tokenized asset. Let's say, for example, a
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country wants to tokenize its natural resources, or even something
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more specific, a country is tokenizing its energy resources and
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it's backing you know, the energy that is being consumed
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by the population or the industries by tokens. Like how
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complex would it be for a nation to adopt this
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model and also be able to fetch all the data
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that goes through the whole cycle of of of of
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an energy transaction. For example, someone as simple as someone
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paying their electricity bill and if they're if their electricity
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was tokenized. You know, there's or even more simple than that.
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The stock market today, you know, you have a bunch
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of exchanges that are tokenizing existing shares of publicly listed companies,
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you know, like fractional ownership of Tesla stock or Apple stock,
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et cetera. The transition of the fetching of all this
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data and the capability to keep informing the user or
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the consumer or the investor in real time, how complex
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could that be? And where are where are the efficiencies
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that that we as a people are benefiting from.
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Well, this is a very good question, Mohammed. To be honest,
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I'm not that technical to explain in technical details, but
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what I can say it's that we simplify this way
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on getting this data. I mean a transactions in tokens.
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It's something done between smart contracts, and to track these transactions,
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you should have a very complex integration within the blockchain
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in order to get this data. While we simplify this
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action and the process is very simple. You just call
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a simple endpoint in our end and we can get
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all these data fetched and aggregated for you.
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Yeah, that pretty much simplivies the process because it's I
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think it's one of the most pressing matters when when
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when someone is when a company or a project owner
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is trying to make a decision on integrating organization or
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blockchain into their business model. That's I think one of
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the main complexities that anyone would have in their mind
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is how am I going to make this that unusable,
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transferable and immutable and registered and all this fills a
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big gap that I believe is in the market.
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You're right, You're right, mama. Everything in my opinion depends
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on how this talking expect. So if the organization company
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it's well known and with good reputation and the assets
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are could be liquidated at any time, this should not
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be an issue. I mean the trust should be in
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a high level.
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Yeah, the audit trail is very important and that's what
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you provide, and that's what the blockchain provides, is a
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proper audit trail that anybody can verify and trust as
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long as it's built by a trusted source. As long
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built by trusted source otherwise.
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Yes, yes, absolutely absolutely, But again, what we provide it's
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own chain data and it's a public information. But the
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way we do it it's it's simplified, it's aggregated, so
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companies don't need to do any additional development on their site.
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They simply get the data via our rest APIs and
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that's it. But this is no senti data. It's it's
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a public data because you know the blockchain, it's a
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centralized system and everything it's it's public as an information,
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but there are some complexity on how you can get
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this data, and we we simplify this. This is our focus.
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We as a technology company, we are focused on the
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technology itself, which is the blockchain, and in my opinion,
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this is the few future. I would compare blockchain with
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the Internet in nineteen ninety nine, for example. In my opinion,
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this is the future. The technology itself could be used
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for many industries. It's very helpful, convenience, fast, secure, and yeah,
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you have all the important points which any company would need.
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How will the world look if it was all on
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Web three?
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All the people will be more happy because everything will
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happen much faster, especially if we are speaking about acids transactions.
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It could not be compared with the traditional transactions with
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the web tree, because you know, you can transact acids
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in Web three in seconds or millis seconds. This could
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not be compared with any other model for transfering acids.
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It happens fast, it happens with very low fees, and
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everything it's it's it's it could be tracked all chain.
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You can see everything. I mean, it's not as it
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was before. You are sending money from one to another country,
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you're waiting, you don't know how long it would take. No,
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here things are happening much faster. I would say that
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it's very crucial and important for any web tree project.
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The first thing it's the data. Data. It's everything these days,
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and not any data it could You should make sure
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that the data's accurate. So data the a currency of
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this data, which should h turn on your your allers
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to think from where you are getting your data. It
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should be from reputed provider. So on top of this
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you can make a lot of decisions, right because based
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on data, you can make analysis, you can make reports,
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you can make decisions. So data, but again I am
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stressing on this reputed data it should be from trust provider.
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This is amazing because, like you said, if the world
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was to turn two Web three and all the blockchain
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data or all the data that is now registered on
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chain is derived from reputable sources or even from the
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so versus themselves, you know, then the world has the
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data in real time, decision making starts to happen, faster,
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transactions start to happen, faster, productivity of the economies increase,
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ultimately eventually maybe outpacing inflation. Right, I'm exaggerating at this point,
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but if the whole world was to go Web three,
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you would be able to make economies way more productive
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because they can make decisions faster, transact faster, and it's
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like creating new forms of wealth almost you know, imminently.
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But also with this trans with this transition, of course,
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comes a lot of challenges as we are seeing right now,
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because the transition is taking place, everything is pretty much
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going on blockchains, whether it's central back digital currencies, or
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whether it's tokenized real estate, or whether it's your food
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product data that's being registered on certain blockchains, or whether
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it's diplomas and bachelor degrees that are being registered on
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blockchain driver's licenses, et cetera. But this is amazing. What
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you said is that, you know, the world just simply
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becomes faster, decision making becomes quicker, and ultimately productivity increases.
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So I'm just amazed by this simplification, which actually is
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a material piece of information for people to understand.
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Yes, exactly, you're absolutely right. Moment, this is what I mean.
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There's not much to say more after that.
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I mean, if we're able to put it that way,
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the world becomes faster, and then and then you have
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the whole concept of being able to capture data for
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the purpose of AI workloads.
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So if you match the blockchain data with AI analytics, program.
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Then how how have you had discussions internally or have
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you worked on projects that integrate blockchain with AI applications?
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Yes, we did. We already have partners who are supporting
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both technologies. They have AI combined with the blockchain and
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the part for the blockchain. We are assisting them at
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the moment. Yeah, we had internal discussions. Maybe we could
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add AI feature as well, because this is again something
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which is already part of our lives and I would
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say it's very helpful. Depends on who and how is
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using it, but yeah, definitely both could be combined on
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a very good way to work in symbios together.
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How do you manage who and how I was using it?
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Do you guys have like a KYC process or because
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you're just building software for people so and they're using
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these rest APIs for their own purposes? Is that something
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that anyone can manage or we have to trust that
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the market is well.
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Again, we don't do KYC because our data it's not sensitive.
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I mean it's a public data. We just make it
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on a simplified way. We aggregate it, we fetch, we
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make the heavy stuff of the development, and we provide
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you they're ready to use data which is not something sensitive.
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I mean again, it's a public data, it's a decentralized data,
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so we don't require KYC for this. But the other
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person who is using the blockchain and AI, he should
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take care of from where he's pulling this data and
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for what purpose they are using it. So yeah, it's
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up to each one.
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This is interesting from web three blockchain tokenization to AI
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integration for faster decision making and making the world a
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better and more productive place. Thank you Betwill for joining us.
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We appreciate you supporting the show.
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Thank you Mohammed, it's my pleasure, and don't.
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Forget to join our supporters club. We appreciate you being
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part of it and well be in touch.
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Sure sure thing, Mohammed, Thank you so much. It was
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my pleasure.
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Thanks for drilling into crypto with us. If you enjoyed
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our discussion, please give us a like on your podcast
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app or social media and don't forget to subscribe. Join
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us next time when we will deliver more perspectives on crypto,
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asset mining, energy markets, and the global financial revolution.
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Welcome to Drilling into Crypto. I'm your host, Mohammed al Masri.
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Every week I speak to the leaders that are driving
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the global financial revolution. Drilling into Crypto puts the spotlight
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on the importance of crypto assets on energy markets and
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on global monetary policy.
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Great welcome, Thank you for joining us on Drilling into Crypto. Beduel,
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how are you doing?
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Thank you, Mohammed, the pleasure it's mine. I'm doing well, amazing.
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I'm very glad to have come across your profile and
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appreciate you supporting the show. It seems like there's a
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lot we can talk about here, but I always like
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to start off by asking my guests about themselves, of
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course to introduce themselves briefly, but also to understand about
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your journey into the crypto landscape and how you ventured
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into crypto and what you were doing before crypto. So
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please go ahead tell us about yourself and your role
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at cryptoapis well.
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I started in web Treac twenty seventeen. During that time
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was the hype of the icos. We were providing ico
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SaaS platform assisting projects to run their icos, and after
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one year we noticed that most of the projects they
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struggle with building their projects because it's it's not an
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easy task to have your own nodes, to maintain your nodes,
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to take care of servers and all this stuff, and
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blockchain was still new for most of the people. So
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we decided to create a tool or a platform where
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can assist all the blockchain projects, all the Web three
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projects actually to build faster, easier and cheaper any Web
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Tree product. So we released crypt epiis in twenty eighteen.
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Cryptypis it's rest APIs on chain. We provide on chain
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blockchain data for the for the projects to be able
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to pull any data related to transactions, balances, talking transfers,
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check fear recommendation and all this stuff. So yeah, we
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we are helping the projects to build faster, is and
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cheaper as I mentioned, because they simply integrate our rest
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APIs in their back end instead of building their own nodes,
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taking care of develops, hard soft forks, servers, and et cetera.
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And yeah, I would say that so far, we onboarded
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very trusted names from the industry that are trusting our solution.
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Big hardware worlds, exchanges, trading platforms, portfolio management, accounting companies,
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all these companies they need blockchain data and instant notifications.
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We also provide instant notifications for incoming outgoing transactions, new
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blocks again get fee recommendation and all this stuff. So yeah,
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before jumping in web Tree, I was working as a
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business development manager in one of the biggest companies that
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are producing browse online games. I was responsible for for
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publishing the products in Middle East and North Africa. And
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yet so far, uh it was. It was a good journey.
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But after that I moved to the web Tree and yeah,
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I feel comfortable and I'm happy that we are assisting
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many big companies from the industry to to to make
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things faster, easier and cheaper for them. Also to assist
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new startups to kickstart faster by using our solutions. So yeah,
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so far, that's that's all.
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I think. It's really interesting the crypto API's business model
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and seeing where the you know, real world asset organization
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is going and that even governments are adopting uh you know,
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uh tokenization registries for for example, real estate. In Dubai,
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we we have the Dubailine Department that set up the
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official registration on blockchain of real estate and the tokenization
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of real estate properties. And I believe your your model
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actually is going to be much more required given that
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you know you will need to fetch data through oracles
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in order to maintain you know, the legitimacy of these tokens.
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Right, You're absolutely right, Mohammed, Yeah, uee and uh, they're
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very well known as a crypto friendly region, which is great.
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We have many customers from this region as well. Uh.
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And yeah, definitely our products could be used from any
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web tree company as I mentioned, and especially in real estates.
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This is also something they would need to check transactions.
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When it comes to buying or selling any acid, you
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would need to know in time when the transaction happened
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on the blockchain, and this is where cryptpis can assist
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and notify the involved parts whenever there is such event
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happened I mean incoming or i'll going transaction, what is
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the amount of the transaction and everything related to to
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the particular transaction a something more blockchain as a technology,
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it's a great but there is a lot of complications
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in terms of if you would like to listen or
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to track a coin transaction or talking transaction or internal transaction.
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These are three different types of transactions. And cryptape Ice
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is proud that we support all kinds of transactions which
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we can deliver real time notifications about.
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That take me into a more complex journey of the
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API of a tokenized asset. Let's say, for example, a
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country wants to tokenize its natural resources, or even something
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more specific, a country is tokenizing its energy resources and
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it's backing you know, the energy that is being consumed
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by the population or the industries by tokens. Like how
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complex would it be for a nation to adopt this
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model and also be able to fetch all the data
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that goes through the whole cycle of of of of
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an energy transaction. For example, someone as simple as someone
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paying their electricity bill and if they're if their electricity
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was tokenized. You know, there's or even more simple than that.
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The stock market today, you know, you have a bunch
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of exchanges that are tokenizing existing shares of publicly listed companies,
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you know, like fractional ownership of Tesla stock or Apple stock,
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et cetera. The transition of the fetching of all this
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data and the capability to keep informing the user or
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the consumer or the investor in real time, how complex
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could that be? And where are where are the efficiencies
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that that we as a people are benefiting from.
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Well, this is a very good question, Mohammed. To be honest,
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I'm not that technical to explain in technical details, but
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what I can say it's that we simplify this way
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on getting this data. I mean a transactions in tokens.
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It's something done between smart contracts, and to track these transactions,
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you should have a very complex integration within the blockchain
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in order to get this data. While we simplify this
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action and the process is very simple. You just call
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a simple endpoint in our end and we can get
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all these data fetched and aggregated for you.
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Yeah, that pretty much simplivies the process because it's I
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think it's one of the most pressing matters when when
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when someone is when a company or a project owner
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is trying to make a decision on integrating organization or
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blockchain into their business model. That's I think one of
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the main complexities that anyone would have in their mind
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is how am I going to make this that unusable,
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transferable and immutable and registered and all this fills a
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big gap that I believe is in the market.
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You're right, You're right, mama. Everything in my opinion depends
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on how this talking expect. So if the organization company
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it's well known and with good reputation and the assets
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are could be liquidated at any time, this should not
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be an issue. I mean the trust should be in
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a high level.
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Yeah, the audit trail is very important and that's what
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you provide, and that's what the blockchain provides, is a
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proper audit trail that anybody can verify and trust as
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long as it's built by a trusted source. As long
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built by trusted source otherwise.
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Yes, yes, absolutely absolutely, But again, what we provide it's
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own chain data and it's a public information. But the
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way we do it it's it's simplified, it's aggregated, so
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companies don't need to do any additional development on their site.
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They simply get the data via our rest APIs and
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that's it. But this is no senti data. It's it's
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a public data because you know the blockchain, it's a
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centralized system and everything it's it's public as an information,
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but there are some complexity on how you can get
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this data, and we we simplify this. This is our focus.
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We as a technology company, we are focused on the
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technology itself, which is the blockchain, and in my opinion,
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this is the few future. I would compare blockchain with
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the Internet in nineteen ninety nine, for example. In my opinion,
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this is the future. The technology itself could be used
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for many industries. It's very helpful, convenience, fast, secure, and yeah,
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you have all the important points which any company would need.
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How will the world look if it was all on
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Web three?
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All the people will be more happy because everything will
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happen much faster, especially if we are speaking about acids transactions.
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It could not be compared with the traditional transactions with
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the web tree, because you know, you can transact acids
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in Web three in seconds or millis seconds. This could
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not be compared with any other model for transfering acids.
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It happens fast, it happens with very low fees, and
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everything it's it's it's it could be tracked all chain.
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You can see everything. I mean, it's not as it
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was before. You are sending money from one to another country,
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you're waiting, you don't know how long it would take. No,
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here things are happening much faster. I would say that
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it's very crucial and important for any web tree project.
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The first thing it's the data. Data. It's everything these days,
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and not any data it could You should make sure
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that the data's accurate. So data the a currency of
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this data, which should h turn on your your allers
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to think from where you are getting your data. It
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should be from reputed provider. So on top of this
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you can make a lot of decisions, right because based
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on data, you can make analysis, you can make reports,
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you can make decisions. So data, but again I am
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stressing on this reputed data it should be from trust provider.
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This is amazing because, like you said, if the world
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was to turn two Web three and all the blockchain
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data or all the data that is now registered on
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chain is derived from reputable sources or even from the
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so versus themselves, you know, then the world has the
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data in real time, decision making starts to happen, faster,
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transactions start to happen, faster, productivity of the economies increase,
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ultimately eventually maybe outpacing inflation. Right, I'm exaggerating at this point,
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but if the whole world was to go Web three,
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you would be able to make economies way more productive
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because they can make decisions faster, transact faster, and it's
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like creating new forms of wealth almost you know, imminently.
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But also with this trans with this transition, of course,
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comes a lot of challenges as we are seeing right now,
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because the transition is taking place, everything is pretty much
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going on blockchains, whether it's central back digital currencies, or
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whether it's tokenized real estate, or whether it's your food
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product data that's being registered on certain blockchains, or whether
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it's diplomas and bachelor degrees that are being registered on
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blockchain driver's licenses, et cetera. But this is amazing. What
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you said is that, you know, the world just simply
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becomes faster, decision making becomes quicker, and ultimately productivity increases.
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So I'm just amazed by this simplification, which actually is
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a material piece of information for people to understand.
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Yes, exactly, you're absolutely right. Moment, this is what I mean.
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There's not much to say more after that.
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I mean, if we're able to put it that way,
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the world becomes faster, and then and then you have
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the whole concept of being able to capture data for
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the purpose of AI workloads.
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So if you match the blockchain data with AI analytics, program.
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Then how how have you had discussions internally or have
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you worked on projects that integrate blockchain with AI applications?
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Yes, we did. We already have partners who are supporting
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both technologies. They have AI combined with the blockchain and
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the part for the blockchain. We are assisting them at
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the moment. Yeah, we had internal discussions. Maybe we could
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add AI feature as well, because this is again something
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which is already part of our lives and I would
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say it's very helpful. Depends on who and how is
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using it, but yeah, definitely both could be combined on
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a very good way to work in symbios together.
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How do you manage who and how I was using it?
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Do you guys have like a KYC process or because
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you're just building software for people so and they're using
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these rest APIs for their own purposes? Is that something
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that anyone can manage or we have to trust that
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the market is well.
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Again, we don't do KYC because our data it's not sensitive.
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I mean it's a public data. We just make it
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on a simplified way. We aggregate it, we fetch, we
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make the heavy stuff of the development, and we provide
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you they're ready to use data which is not something sensitive.
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I mean again, it's a public data, it's a decentralized data,
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so we don't require KYC for this. But the other
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person who is using the blockchain and AI, he should
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take care of from where he's pulling this data and
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for what purpose they are using it. So yeah, it's
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up to each one.
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This is interesting from web three blockchain tokenization to AI
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integration for faster decision making and making the world a
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better and more productive place. Thank you Betwill for joining us.
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We appreciate you supporting the show.
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Thank you Mohammed, it's my pleasure, and don't.
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Forget to join our supporters club. We appreciate you being
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part of it and well be in touch.
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Sure sure thing, Mohammed, Thank you so much. It was
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my pleasure.
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Thanks for drilling into crypto with us. If you enjoyed
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our discussion, please give us a like on your podcast
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app or social media and don't forget to subscribe. Join
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us next time when we will deliver more perspectives on crypto,
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asset mining, energy markets, and the global financial revolution.
