Lukka: Solving Data Challenges in Crypto

Published on
January 19th, 2021
Duration
43 minutes


Lukka: Solving Data Challenges in Crypto

The Interview - Crypto ·
Featuring Robert Materazzi and Raoul Pal

Published on: January 19th, 2021 • Duration: 43 minutes

Robert Materazzi, CEO of Lukka, joins Raoul Pal, Real Vision CEO, to discuss blockchain data, Lukka, and the problems it was built to solve. Materazzi explains that for most institutions it’s very difficult to coordinate data across multiple blockchains, especially when much of the data is privately held in exchanges. Lukka helps solve this with their own data solutions. Materazzi explains that as the ecosystem becomes more diverse, the more difficult it is to reconcile data, and that solving this problem should help make a smoother experience for institutions to interact with the crypto asset world. Filmed on January 11, 2021.

Key Learnings: In order to have widespread adoption from institutions, the back office frictions need to be smoothed out. Bridging the data between various chains and exchanges is necessary to increase adoption and acceptance of crypto among businesses. 99% of transaction data Lukka handles is non-blockchain data, showing that much of the data needed by businesses is actually private, not publicly available data as many believe.

Comments

Transcript

  • JS
    John S.
    19 January 2021 @ 23:05
    Bullish
  • LS
    Lewis S.
    19 January 2021 @ 23:01
    TRAMAMPOLINE! TRABOPALINE!
  • PU
    Peter U.
    19 January 2021 @ 21:20
    excellent
  • TP
    Timothy P.
    19 January 2021 @ 18:17
    This is a great lesson on how the existing bureaucracy of legacy finance is a convoluted mess, and why a company like Lukka exists as a translator between programmable money and the dinosaur fiat system. I'm sure they'll have a use-case for a bit, but ultimately its just so much easier to conduct business in pure crypto terms -- which ultimately they will So, I wish them well making buggy whips and horse carriages (metaphorically), but its plain to see how pure crypto plays end up being cost and time-saving ventures. Interestingly enough, an Anchorage bank just recently got a full digital asset charter, which is a first. The future is here, just unevenly distributed.
  • BI
    Brett I.
    19 January 2021 @ 11:06
    Interesting, and strengthens my belief in protocols like Polkadot. As public and private blockchains become more widely adopted, there will be a greater need to integrate them.
    • Jv
      Jasper v.
      19 January 2021 @ 13:08
      take a look at quant network then