Shruthi Rao, Co-Founder & Chief Business Officer at Vendia, predicts that in 2022, Web 3.0 will become a reality. “There is going to be a single source of truth that can be shared, protected, and is irrefutable,” she said. Check out the video above to know what else Rao is setting her sights on for the year ahead.
Swapnil Bhartiya: This is your host Swapnil Bhartiya and welcome to our 2022 prediction series. And we have with us, once again, Shruti Rao, chief business officer at Vendia. Shruti, it’s great to have you back on the show.
Shruti Rao: Thank you Swapnil, for having me again.
Swapnil Bhartiya: Before I ask you to pick up your crystal ball and share your predictions, quickly tell us what Vendia is all about.
Shruti Rao: First of all, Vendia is short for venn diagram, two circles coming together, sharing some data with each other, but we don’t expect the circles to turn into squares or triangles, right? So why do we expect big companies, small companies, medium size companies to start adopting this new tech stack, new types of developers, new types of processes to share some of their data with the partners that they have. That’s the problem we’re looking to solve. We are a low code/no code backend to build distributed applications. You can build your first application on our platform in under 15 minutes.
Swapnil Bhartiya: Thanks for sharing what Vendia is all about. Now, it’s time for you to pick up your crystal ball and share what predictions you have for us, for 2022.
Shruti Rao: I have a really juicy one for your Swapnil. We’ve been hearing about web 3 every morning to evening. All we hear about in social media, in the press is web 3. Well, I have a crystal ball for you. Web 3 will be real in 2022, but it’s also going to be real for enterprises. I mean, let’s look at it, right? Take a step back, despite all of the buzz about NFTs and cryptos, there is something more exciting being driven by the underlying capabilities, specifically distributed ledger capabilities that make NFTs immutable, trusted, traceable and key can be applied to any kind of sensitive data. The result is a single source of truth that can be shared, protected, and is irrefutable. So defy crypto, digital [inaudible 00:01:58], the same concept that is revolutionizing supply chains, consumer application and digital experiences. It’s helping connect researchers to data and grant opportunities. It’s even helping travelers with more personalized experience at a cheaper price. It also helps return loss specs to their humans faster. So that’s my number one crystal ball prediction for 2022.
Swapnil Bhartiya: Now, if I ask you what is going to be the focus of the company in 2022?
Shruti Rao: Our company’s goal and our mission is to drive this web 3 future and make it easy for builders, developers to build this web 3 future without having to take on undifferentiated work. So think about it. If you want to build a digital experience for ticket traveling, personalized digital experience for air travel at a cheaper price, then you have to work with multiple companies. You have to work with multiple airlines. Each of these airlines and companies have different technical stacks. One might be AWS and another might be Azure. The third one may be still OnPrem. And the fourth one GCP.
A developer will have to not just learn one cloud, will have to learn multiple cloud, will have to not learn one tech stack, learn multiple tech stack. It’s hard enough learning one stack. It’s hard enough implementing an application that belongs to just one company. How is an application developer in any of these companies is going to get to that maturity and the skillset, or use Kubernetes over and over again in multiple of these companies? It’s a lot of undifferentiated work. Companies should just focus on their core competency, like building a fabulous application that makes tickets that’s customized to me and you at a very cheap price instead of worrying about infrastructure and that’s what we’re focused on. And that’s what we want to eliminate.
Swapnil Bhartiya: Shruti, thank you so much for not only sharing these insights, but also share the predictions for 2022. Of course, I would love to have you back in 2023, [inaudible 00:04:03] check we’ll hold a score card to see if your prediction turn out to be true or not, and also get next set of predictions. So thank for your time today. Thank you.
Shruti Rao: Thank you, Swapnil. Thank you for having me.