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$ADA: IT Engineer Leaves Job at TradFi Firm To Work With Cardano

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On Tuesday (May 17), an IT engineer explained why he quit his “comfortable and secured job at Capital One to help build out Cardano.”

“$papagoogse” describes himself on Twitter (where his ID is “@PapaGooseCrypto“) as “Master Platform Engineer Finance – Cloud Computing – Platform Systems.” According to his Twitter bio, he is currently CIO at Kora Labs.

Kora Labs is “a cutting-edge software development agency building robust and resilient Web3 products and protocols on the Cardano blockchain.” Their team has “a combined 50+ years of engineering experience on enterprise scale solutions, including staking and mining expertise on Cardano and Ergo.”

They currently have a product called “ADA Handle“, which is “An NFT-powered naming solution for your Cardano wallet address, secured entirely on-chain via the Handle Standard.”

Here is how ADA Handle works:

Each Handle is a unique NFT, minted and issued on the Cardano blockchain. These NFTs act as unique identifiers for the UTXO that they reside in. With a predictable standard, dApp developers can query the Cardano blockchain at any time to determine the current residing address of a Handle.

Unlike many other routing services on Ethereum, Handles are secured entirely as native assets on the Cardano blockchain, on the Layer 1 ledger. This means we don’t require smart contracts for address routing, ensuring that even in the event of an unlikely smart contract bug, routing will always be accurate — 100% of the time.

The Handle Standard supports version upgrading and backwards compatability. Once a version change happens, Partners are notified of the new version’s Policy ID. Lookups happen from most recent Policy ID to the first, incentivizing upgrades among users to ensure faster retrieval results. This allows the Handle Standard to evolve with the broader Cardano ecosystem.

Yesterday, he explained in a Twitter thread why he had chosen to leave his TradFi job at what seems like “the worst time to be making a change like this.”

The IT engineer went on to say:

I have been a systems and platform engineer for nearly three decades. More specifically in TradFi for a third of that. I had front row seats to the rise of both Web1 (beginning internet) and Web2 (smartphones/social).

I can see clear as day the rise of Web3 and the importance of blockchain in changing the financial landscape. The constant and nonsensical churn of the current economy only solidifies and expedites that resolve.

The fledgling crypto world is inundated with finance bros, whales, cash grabs, and poorly planned tech. But there are some gems. Cardano is one of them.

I believe Web3 and DeFi will be supported by many different blockchain technologies, and Cardano will be the archetype of the most successful of them.

He close his thread by singing the praises of Cardano ($ADA) and IOG:

While answering questions from the people who replied to this thread, he gave some details about his programming background:

He also revealed what he will be focusing on at his new position:

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Featured Image by “Quantitatives” via Unsplash

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  • Source: https://www.cryptoglobe.com/latest/2022/05/ada-it-engineer-leaves-job-at-tradfi-firm-to-work-with-cardano/

This Post was originally published on CryptoGlobe

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