Blockchain, DeFi, Digital Assets: Dinis Guarda With Thomas Kiddle And Manthan Dave From Palisade Inc.
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In the latest episode of Dinis Guarda YouTube Podcast, Thomas Kiddle and Manthan Dave, co-founders and co-CEOs of Palisade Inc., delve into the challenges and opportunities of integrating blockchain with e-commerce payments and digital asset management. The podcast is powered by Businessabc.net and citiesabc.com.
Thomas Kiddle and Manthan Dave, co-founders and co-CEOs of Palisade Inc, specialising in providing secure, regulated custody and wallet solutions. The company's mission is to simplify the use of blockchain technology and support its adoption across various financial and commercial sectors.
During the interview with Dinis, Thomas and Manthan bring their expertise on blockchain's role in revolutionising global carbon credit markets and e-commerce payments.
Thomas, an expert in blockchain technology and digital assets, focusses on developing innovative wallet and custody solutions. As a co-founder of Palisade Inc., Thomas plays a crucial role in leading the company's vision to create a secure and efficient blockchain infrastructure.
Manthan, also a co-founder and co-CEO of Palisade Inc., is known for his deep knowledge of decentralised finance (DeFi) and its integration with traditional financial systems. Manthan's work at Palisade involves exploring practical applications of blockchain technology to enhance financial accessibility and transparency.
E-commerce and payments solutions by Palisade
E-commerce and payment systems face several challenges, including outdated technology, high costs, and slow transaction speeds due to multiple intermediaries. Palisade aims to solve these problems with advanced technology and compliance-focused solutions, making payments faster, cheaper, and more efficient.
Thomas explains to Dinis:
“One of the major issues with current e-commerce and payment systems is the number of intermediaries involved. For example, the Swift network, designed in the 1970s, is slow and inefficient due to its batch transaction system and lack of transparency. Each intermediary adds cost and delays to the payment process. Our vision is to eliminate these inefficiencies by using stablecoins and cryptocurrencies, reducing intermediaries, lowering costs, and speeding up transactions. Palisade plays a crucial role by providing wallet solutions and custodial services, facilitating smoother and more cost-effective cross-border and retail payments.”
Manthan shared his perspective on the challenges of working with crypto:
“From my experience, when dealing with crypto, there are typically three main challenges: technology, compliance, and finding an applicable use case. Palisade addresses these issues head-on with our compliant wallet infrastructure and robust technology. This leaves businesses to focus on building meaningful applications without the burden of tech and compliance hurdles.”
Palisade offers advanced solutions for managing and securing digital assets, with a focus on both custodial and non-custodial models. Their approach combines advanced security with regulatory compliance to address the unique challenges of digital asset custody.
Thomas explains:
“Palisade is redefining digital asset management by integrating innovative technology that enhances both security and efficiency. Our solutions are tailored to meet the diverse needs of users, ensuring that asset management is both secure and straightforward.
Navigating the complex landscape of digital assets requires a solution that is both flexible and compliant. Our technology provides a seamless experience for managing and securing assets, aligning with the latest regulations and industry standards. Our goal at Palisade is to make digital asset management as transparent and efficient as possible. By leveraging cutting-edge technology and staying ahead of regulatory changes, we ensure that our solutions remain relevant and effective in a rapidly evolving market.”
Manthan further explains:
“At Palisade, we believe in making digital asset management accessible and secure. Our custodial solutions are designed to offer peace of mind with strong regulatory compliance, while our non-custodial options give users control and flexibility.”
The key to our approach is simplicity without sacrificing security. We’ve developed solutions that handle the complexities of digital asset custody, allowing users to focus on their investment strategies rather than worrying about the underlying technology.”
How Palisade promotes decentralised finance?
The integration of Decentralised Finance (DeFi) with traditional regulated finance is shaping the future of financial transactions and investments.
Manthan Dave highlights the transformative potential of DeFi to Dinis:
"DeFi is quite complex compared to the traditional finance world. It's not just fintech; it's fintech on steroids. What’s really good about DeFi is that it enables you to move money at the speed of light, not only in one direction but across multiple assets. It makes finance really accessible, allowing individuals to provide liquidity on a decentralised exchange, something that isn’t possible in the traditional finance world.
If I wanted to use my NVIDIA shares to make money on NASDAQ by providing liquidity, it's incredibly difficult because NASDAQ operates as a centralised exchange. DeFi democratises access to finance, solving this problem with transparency, audibility, and finality on the blockchain."
Thomas further explains by saying "One of the most exciting use cases for me at the moment is working with a company based in a jurisdiction where there are very few investment opportunities. By tokenising real-world assets like luxury real estate, they are bringing new investment opportunities to the citizens of that jurisdiction. All of a sudden, citizens can invest in the improvement and development of their own nation. Before, they didn’t have anything to invest in as there was no stock exchange. Now, they can start investing in the development of their area, which is extremely transformative and exciting.
Palisade helps by providing tokenisation capabilities built on top of secure, regulated custody. Essentially, they are building their business on a highly regulated, secure infrastructure."
In the global carbon credit market, blockchain technology is emerging as a powerful tool to address longstanding issues related to transparency, standardisation, and fraud.
Manthan explains different ways how the concept of DeFi applies across industries:
“One of the biggest innovations on blockchain was that it prevents double spend. There are specific projects that come on and they are minting carbon credits using proof of decarbonisation. Once you have tokens that have value, DeFi kind of brings that access to a broader audience, liquidity means accessibility because once you have liquidity behind carbon credits it means that the person who has emitted those can then be rewarded. You can give power to the farmers or to the people who are working on the ground to be able to create these carbon credits as a way to sustain themselves. They can directly go to the DEX or to a DAO and then sort of sell those credits directly.”
Palisade's vision for blockchain adoption
Thomas explained:
“In super simple terms, our goal is to provide secure and compliant wallets and custody services to businesses. We're here to transform industries by leveraging web3 technology. Over time, we aim to build a secure network of wallets and applications on web3, setting the standard for compliance and security.
Web3 today has many wallet providers, but few are focused on compliance like we are. Our vision includes improving tools for businesses, not just providing wallets. We believe that while wallets are crucial, they are just the beginning. Our broader goal is to equip businesses with all necessary tools for success in the web3 space."
Manthan elaborates further and says:
"Palisade’s primary mission is to enable businesses to onboard the next billion people into crypto. We start with wallets because they are fundamental to blockchain technology. The user experience (UX) of wallets has long been problematic. For instance, if you use a decentralised autonomous organisation (DAO) to buy carbon credits, you typically need your own wallet. It’s unrealistic to expect everyone to use MetaMask or manage their own crypto wallets securely.
At Palisade, we simplify this process by providing businesses with a better UX, allowing them to focus on their core functions without worrying about security and compliance. Just as a computer like a MacBook comes with built-in security, our platform ensures that businesses don't need to manage security risks themselves. Instead, they can concentrate on solving their own industry-specific problems.
With Palisade, businesses can integrate our API to issue wallets, create carbon credits, and manage NFTs while relying on our secure, compliant infrastructure. This approach lets businesses focus on innovation and improving their products without being bogged down by underlying technical complexities."
Manthan adds that the current landscape may evolve towards what he describes as:
“What we're going to see is we're going to see Web 2.5 rather than Web 3.0 in practice we'll see financial institutions using crypto on the back end rather than the front end as a way to settle payments as a way to track I and those are as mentioned those kinds of payment related use cases are really quick, but impactful wins. I think in a lot of industries where you have lots of intermediaries and if there's a shorter path from source to destination and if that can be executed, blockchain is a really good tool for that.
The goal for the blockchain and Web3 is to make things into a level playing field to make it easy to access The wider set of audience and to make things immutable, more auditable, and more transparent. That's primarily where I think the focus will be."
With a driving passion to create a relatable content, Pallavi progressed from writing as a freelancer to full-time professional. Science, innovation, technology, economics are very few (but not limiting) fields she zealous about. Reading, writing, and teaching are the other activities she loves to get involved beyond content writing for intelligenthq.com, citiesabc.com, and openbusinesscouncil.org
