The fastest route to enterprise adoption is for those within the BSV ecosystem to work together, says Richard Baker, CEO of TAAL Distributed Information Technologies Inc.
Richard believes that mainstream adoption is close, and that the next two years will be critical in showing the world what Bitcoin SV is capable of, so long as the community sticks together.
“We have to remind ourselves that right now we need to group together as an ecosystem and really power through the next 24 months… but this is the best technology and the best utility network for the long term.”
“The fight is outside, it isn’t inside,” he stresses.
Richard believes that Bitcoin SV is following a Gartner hype cycle model and is currently approaching a ‘trough of disillusionment’. While that may sound disconcerting, it does mean that BSV is one step closer to entering a ‘plateau of productivity’ where it will see mainstream adoption, something Richard predicts will happen around the time of the next Bitcoin halving in 2024.
On this week’s episode of CoinGeek Conversations, Richard tells Charles Miller that his priority in his new role as CEO of TAAL is commercialising the transaction processing business. To do this it is integral that as many transactions as possible are happening on the Bitcoin SV network and that those transactions are monetised.
He is particularly excited about developments in the play-to-earn gaming category which he says is “booming”. He singles out CryptoFights, a blockchain game developed by FYX Gaming and built on the BSV blockchain that is regularly recording daily transactions in the millions.
But it’s not just the gaming industry that Richard has set his sights on. He hopes that Taal will become a major blockchain infrastructure provider for a whole range of industries.
He explains that because of the interoperability of the blockchain and the “ability to jump in and out of all these different ecosystems, these metaverses, is going to require something that looks a lot like a Metanet service provider, we will need to have robust architecture that deals with all of the movement of microtransactions and identities in and out of all those different ecosystems.”
His experience as CEO of GeoSpock, a deep-tech software technology company, will stand him in good stead to guide Taal towards this goal. During his tenure at the Cambridge start-up, his focus was on translating real world data from sources like IoT sensors and smart street lighting into data for decision-making for governments and enterprises.
He also has experience in the Telecoms industry, building extensive optical fibre networks around the world in the early 1990s. This role saw him establishing infrastructure that became the backbone of the internet we know today and fostered innovation in a way nobody could have imagined, something he hopes to replicate at Taal, with the blockchain.
Richard is confident that he will be successful in commercialising the mining company and reshaping it into a dominant player in the blockchain landscape. He predicts a “joining of forces over the next three, five, seven years of mobile operators, the big cloud compute companies and the public blockchain leaders.”