Meet Kraken’s new Chief Know-how Officer, Vishnu Patankar « Kraken Weblog

2 views 2:20 pm 0 Comments June 9, 2023

Kraken, one of many world’s longest standing and most trusted crypto platforms, as we speak introduced the appointment of Vishnu Patankar as Chief Know-how Officer (CTO). Patankar brings over twenty years of know-how experience to Kraken and helped Fortune 500 corporations like Microsoft, Amazon, Intel, and Groupon to scale merchandise that impacted tens of millions of shoppers worldwide. 

At Kraken, he’ll lead the engineering workforce and work with the corporate’s management to ship the following technology of services. His focus will probably be on scaling the corporate into essentially the most promising areas of crypto whereas sustaining its security-focused and client-obsessed ethos.

“Vishnu is a real chief in his area. He’s a seasoned govt with deep experience throughout all facets of product improvement and tech management. He has constructed and led massive, globally distributed engineering groups at a few of the most modern corporations,” stated David Ripley, Kraken CEO. “He’s a strategic and technical chief who’s nicely outfitted to construct and optimize Kraken’s know-how to ship essentially the most safe and scalable product experiences. We’re thrilled to have him be part of our workforce.”

An engineering chief with sturdy enterprise acumen, Patankar helped construct early scalable decentralized applied sciences by driving the event of merchandise and infrastructure to service tens of millions of shoppers world wide. Earlier than becoming a member of Kraken, he was CTO at StockX the place he performed an integral half in facilitating the corporate’s development and launching its NFT providing. 

The Kraken Weblog sat down with him to speak about his previous and the way forward for the corporate beneath his management. 

Kraken: You’ve an extended and intensive historical past in tech, together with “conventional” IT and cryptography. What drew you to cryptocurrency?

Patankar: I just lately realized that I’ve labored with some facets of blockchain know-how for the previous sixteen years – greater than half of my practically 25 years of expertise. First, in 2006, we invented the world’s first industrial energy key-value retailer at Amazon, known as Dynamo. The mission used Merkle timber to validate knowledge integrity. Then, in 2022, I helped launch the NFT providing for StockX. In reality, I’ve been concerned with some core underpinnings of cryptocurrency and the blockchain itself for years, generally with out realizing it!

Kraken: Folks usually examine crypto as we speak to late ’90’s tech. As somebody who labored in each sectors at each occasions, do you suppose this can be a helpful/correct analogy?

Patankar: The underlying arithmetic of cryptography has largely remained steady. Nonetheless, fashionable functions of cryptography have had dramatically wider attain.

One analogy I feel works is the web itself. It was exhausting to imagine within the Nineties that an e-mail message might transcend bodily borders and make its approach via a distributed naming system known as DNS. If Web3 grew to become as pervasive, the consequences may very well be comparable, if not much more essential.

Kraken: What are you most curious about relating to Web3?

Patankar: The inclusivity of decentralized applied sciences just like the blockchain itself is highly effective. Outdoors the first use case of digital foreign money, there’s potential in tokenization functions utilizing the blockchain in actual property, collectibles, artwork, car titling, identification, healthcare and watermarking of AI coaching knowledge.

Kraken: Out of the most important tech corporations, who’s doing essentially the most attention-grabbing work in crypto?

Patankar: Probably the most work has occurred at Meta. That’s not a shock given their pivot to the metaverse and Web3. That stated, the present macro atmosphere is moderating adoption of a few of that work, with a shift to AI functions via LLaMA. I additionally suppose that, as a result of computational energy being added to assist with AI coaching by the biggest cloud suppliers, there may very well be implications to the identical energy being harnessed by crypto.

Kraken: What are you wanting ahead to in 2023, technology-wise? Might AI play a task in crypto going ahead?

Patankar: It’s exhausting to disregard the facility of AI massive language fashions. Though, will probably be attention-grabbing to see what enterprise fashions maintain via the preliminary hype cycle and journey to product-market match, income and ebitda.

AI and cryptography are each probabilistic, albeit in several methods. So, for instance, it is perhaps okay to have a 90% appropriate reply from an AI chatbot, however there’s much less use for a password that’s 90% appropriate. Individually, there’s early analysis on utilizing AI to generate random numbers that can be utilized in cryptography though pseudorandom quantity turbines nonetheless dominate.

Extra broadly, AI utilized to buyer experiences round crypto are of their infancy – for instance, generative AI and personalization utilized to NFTs. Different symbiotic areas between AI and crypto are cybersecurity and fraud prevention.

Past these, each AI and crypto discover massive quantities of information via huge computational energy. There are areas in laptop science and physics that might result in additional breakthroughs over the following couple of many years. One space I’m excited by is quantum computing and its interaction with factorization of enormous numbers.

Kraken: What’s your five-year plan right here at Kraken? What do you hope to have the ability to do right here?

Patankar: Kraken is among the many most trusted manufacturers in crypto. Given this basis, over the following 5 years, the mission is the main focus – to broaden and construct merchandise for the mainstream. This focus will imply scaling product choices and energy transaction scale far past our present charges. So as to obtain our mission, we will probably be scaling the platform into essentially the most promising facets of Web3, whereas nonetheless remaining true to our safety targeted and consumer obsessed ethos.

Kraken: When you might have dinner with one historic individual, dwelling, or lifeless, who wouldn’t it be?

Patankar: Satoshi Nakamoto – I’d prefer to know whether or not he learn the 2007 Dynamo paper and the piece round Merkle timber and the gossip protocol!

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