New Cardano CEO Says The Real Competitors Are Not What You Think

The New Cardano CEO, Frederik Gregaard, believes that the main competitors of the platform are not something that everyone thinks they are. Let’s read more about his opinions on our latest Cardano coin news.

The upcoming new Cardano CEO discussed the market competition and said that the biggest opponents of the protocol don’t actually come from the blockchain space:

“I think the biggest competitor, it’s really the largest technology companies today around, the large tech platforms such as Google, Amazon, Tencent, Alibaba, those kind of players”.

@CardanoStiftung welcomes two new executive team members, CEO @F_Gregaard, and Head of Growth Eva Oberholzer. Together, they will accelerate the Cardano Foundation's core missions, and strengthen our leadership ahead of Goguen. Read more: https://t.co/BErfTDA1Cj

— Cardano Foundation (@CardanoStiftung) September 21, 2020

Gregaard believes that the social-media-based tech providers have given hundreds of tools to their customers that are quite meaningful to owning and manipulating the users. He went as far as to say that they are addictive, manipulative, and mental which is where social media is. It’s not just a tool that is waiting to be used but that it has its own goals. In his view, distributed technology represents the opposite of this with Blockchain providing users to get control over their data and ID:

“You don’t really feel today what’s actually happening on the Internet. But everything you do is being monetized. And what is being populated in front of you right now is slowly moving you towards a certain direction. And I think when society figures out that nothing in this world is free, they suddenly end up with the blockchain.”

Inspiring words from the desk of #Cardano Foundation's new CEO @F_Gregaard. pic.twitter.com/FoLEXzcaXo

— Cardano Community (@Cardano) September 26, 2020

In his view, the blockchain technology allows for the construction of a society where there are individuals that don’t have to trade their digital sovereignty for the services provided by the technology companies. By liberating the people from the tech giants, Gregaard believes that the mass adoption of blockchain technology will help bring the people together. He believes that in order to incite this level of change, major blockchain protocol Cardano and others like Tezos and Algorand should forget about their differences and work together. He believes that the real danger is never actually getting mass adoption:

“I think the market is super-big. And if we start fighting about it, one or two companies, which technology stack are they choosing to do that DApps on? I think we are missing the boat. We need to start looking much like the whole population and the whole economic system: how do we build that?”

Frederik Gregaard believes that the odds could be stacked against decentralized platforms as tech giants have trillions of dollars to spend.