Exclusive Interview with APTOS Co-Founder and CEO Mo Shaikh | KBW2023

[Music] I think the crypto markets in Korea have been uh very resilient you know it's been they've been building here for a very long time over the last you know pretty much half a decade and so for apos we've been coming down here since the first Korea blockchain week so you know for us I think we're seeing an amazing amount of developer activity and so as the crypto markets you know continue to unfold I think what we see that's very positive is the Korean developer community and so this is why app is here quite often working with the [Music] community so our partnership with Microsoft is focused on three things one is the appos assistant which you can get verified information from the apos blockchain in a very natural language query the second thing is a GitHub co-pilot where we're actually building out a smart contract language uh co-pilot and the third is actually working on financial Marcus use cases and Gaming use cases and so the first two uh uh components that I mentioned are are under development and the third one of course is coming very soon but we love our relationship with Microsoft we're excited about building Ai and web 3 together and this is an area where we think is going to have a massive impact in society in a very positive way one of the most important things for us is the user experience right if you're a developer you want to be able to deploy your application as seamlessly as possible and not have to worry about the complexity of a blockchain and if you're you know a large Enterprise you want to be able to you know press one click click and have a managed solution and so apos is the only blockchain in market today that works both with web 3 developers and large web 2 Enterprises whether it's someone like NBC Universal or Microsoft where we provide not only a blockchain but also help these folks get integrated and up and running and so you know for a protocol it's incredibly important to continuously upgrade we haven't even been live for 12 months and we've already done 47 improvements to the protocol today that's unmatched when it comes to any protocol out there in Market from a latency perspective a transaction completes in under 1 second and so if I'm sending money to a different a person in a different part of the world they can have that money instantly and so you know if you want to be able to solve these very interesting very impactful problems you need a protocol that's serious that can actually scale and provide safety for billions of people and that's what app TOS brings today there's an amazing amount of things happening in Ai and web 3 has been around for you know a little bit of time and when you think about the challenges that both of these industry faces we think there's really good overlap between the two AI for example there's questions on what's going on with the data that's training these models is this verified information there's also a question of well how do you continue to train these models in a way that you can provide assurances to the end user and so when a blockchain can actually solve a lot of these problems right there's verified information it hasn't been challenged it hasn't been uh modified and so now when someone wants to say hey how much money moved in the world today you can actually look at the ABS blockchain and see how much money has moved and have a verified answer so AI leverages uh benefits immensely from all the benefits that a blockchain brings similarly from a blockchain perspective uh we talked about how difficult it could be to get your first smart contract up and running what a blockchain can benefit from is Imagine telling uh a GitHub co-pilot hey write my next smart contract that allows me to do XYZ you know feature and now you won't have to worry about learning that smart contract language instead you can rely on GitHub co-pilot to write that smart contract for you and so now that brings a lot of not only um ease of use for a developer but also a lot of safety and assurances into web3 and so together these two industries benefit immensely by overlapping and supporting each other's future growth and we don't really see a world where there's a successful AI platform without having an app toss or web 3 integration when we think about all the different trends that are taking place of course it's hard to ignore what Ai and web 3 is doing but I think an interesting one to pay attention to is what's happening within the finance world where now you have open Financial systems people can get access to money globally and you can get access to all types of money and so we think that's really important if you're a developer or an individual sitting in you know some part of Asia or some part of Europe where you may NE uh may not have had access to Bank you can now get access directly into a financial system you can take that access and invest in different products and be part of growing uh economies and so we think that's going to have a massive impact because now the you know people that typically were left out of systems can all be lifted together and we think that's going to lead to a better world at the end of the day and so we're excited about that