Interview with Hadrien Zerah, Managing Director at Nomadic Labs (Tezos) for Enterprise Blockchain 2021 Report by LeadBlock Partners
Which of the recent projects launched on Tezos are you most excited about?
“The Tezos ecosystem has flourished in 2021 with more people today choosing to build on Tezos than many other protocols. There is no shortage of projects that are worthy of the spotlight.
Recently, the University of Cambridge announced its launch of the Cambridge Centre for Carbon Credits,with the goal to build a decentralized marketplace of verifiable carbon credits to support global reforestation efforts. The center brings together an interdisciplinary group spanning the university’s department of computer science, zoology and plant sciences and is currently working on building a prototype of a decentralized carbon credit marketplace where purchasers can confidently and directly fund trusted nature-based projects.The marketplace will be built on the Tezos blockchain and use a combination of artificial intelligence and satellite sensing technology.
We are also particularly excited to see more brands choosing to build on Tezos than ever before. In 2021, Formula 1 racing teams Red Bull Racing Honda and McLaren Racing, both announced Tezos as their official technical partner. So far, more than 100,000 NFTs have been collected by F1 fans from the two teams on Tezos. With these fan experiences taking place on the platform, we are looking forward to seeing how Tezos will continue to deliver for leading brands and organizations.”
What are the areas and themes which will drive enterprise adoption of the Tezos protocol in the future?
“First and foremost, Tezos is experiencing exponential growth because it is a pioneer of Proof of Stake – a self-amendable, energy-efficient, open-source blockchain platform.
Its on-chain governance is a revolutionary mechanism that allows the protocol to amend itself, moving away from hard-forks as a decision-making mechanism. This year alone, because of its on-chain governance, Tezos has implemented three protocol upgrades (with the fourth on the way), which have forged faster transaction time and lower gas consumption. These upgrades have led to increased growth of the ecosystem. In September, Tezos reached nearly 6 million contract calls, setting a monthly all time high for the tenth consecutive month.
Tezos also sets the standard for minimal energy consumption and a negligible carbon footprint. In fact, Tezos consumes over two-million times less energy than popular Proof of Work networks, making it an ideal platform for building blockchain applications that are energy-efficient and sustainable.
Both on-chain governance and energy efficiency are pivotal factors that will continue to fuel adoption on Tezos.”
How do you see the protocol race shaping up?
“As blockchains continue to evolve and innovate at a rapid pace, it is increasingly difficult to forecast how the broader landscape will look in the near future. That said, we do know one thing: whatever emerging trends arise, Tezos will be at the forefront. From the very beginning, Tezos was designed to evolve and empower, and that is exactly what it will be doing for the ecosystem– adapting, upgrading, embracing innovation for users around the world.
Tezos is growing and adapting to the needs of users, having upgraded already seven times with the eighth upgrade soon to come. No other blockchain has been upgraded as quickly, as seamlessly, or as much as Tezos has in the last 3 years.
We expect the incredible momentum Tezos has seen from NFTs to continue, as artists, collectors, brands and more continue to build the future of digital engagement on the blockchain. The Metaverse moving into the spotlight, a greater surge in demand for energy-efficient NFTs and a low transaction costs– these are all deciding factors that will continue to separate Tezos from the pack of competing blockchains.”