Exclusive Q&A with Colin Steil, Co-Founder and COO of Cartesi.

 

We usually start with an introductory question. Tell us about yourself. How have you become a blockchain entrepreneur?

 

I’m Colin, Co-Founder and COO of Cartesi. I am a previous venture capitalist and start-up founder with a passion to make blockchain a reality. I have an expertise in execution and years of experience in community building and business operations across the globe.

I originally got into blockchain while working for my previous venture capital firm, SOSV. We were actively investing in companies in a wide variety of verticals that were always trying to push the boundaries of technology. Some of these companies had discovered blockchain technology early on and were integrating into their existing products, or starting exchanges (such as Bitmex). I got to learn about blockchain through assisting our portfolio companies and fell in love with the technology and the possibilities it brang. From here, I eventually met my current business partners and Cartesi was born.

What is the story of Cartesi? What is special about Cartesi in the blockchain universe?

 

The Cartesi founding team initially got into blockchain as a result of Augusto Teixeira (our Chief Scientific Officer) being friends with Serguei Popov (Founder of IOTA and inventor of the Tangle).

Serguei Popov, one of our Advisors, initiated Augusto into the crypto scene through the Bitcoin whitepaper and sparked his interest in the technology, knowing that Augusto is a leading expert in cryptography and game theory.

Augusto had the original idea of creating a trustless marketplace for data scientists. Basically, it would allow specialists and companies to engage in a service agreement without the need to know each other or a reputation system. In order to implement that, he invited Diego Nehab (our CTO) to design and implement a reproducible VM capable of running Linux. With this architecture and the protocols Augusto had envisioned, we would be able to make generic computation verifiable by the blockchain. More specifically, the blockchain would be able to initiate routines in the emulator to verify the results sent by the specialists after they completed their jobs. The system would protect the two parties involved, only releasing the funds if the results were proven to be correct.

Later on, after engaging in long discussions, we realized we were tapping into a broader scope. Before Cartesi even had that name, we understood we could actually create a versatile layer-2 Linux infrastructure to overcome the problems of scalability of computation and infrastructure for blockchain applications.

Cartesi is special in the blockchain universe in the sense that it allows decentralized application s to be run within a Linux environment in a way that’s verifiable by the blockchain. Complex processing can be executed off-chain free from blockchains’ computational limits and corresponding fees.

By offering a Linux runtime environment, Cartesi is the only software-based verifiable off-chain compute system that gives developers a vast array of software that evolved in the last 30 years and that enable the applications we use on the Internet today.