How Blockchain is Improving Internet Connectivity and Networking for Businesses with Domas Povilauskas: An EOFire Classic from 2022

Entrepreneurs on Fire

John Lee Dumas

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4.8 • 4.1K Ratings

🗓️ 14 June 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Domas Povilauskas co-founded and successfully exited a fast-growing SaaS startup. His understanding of network technologies and data streaming businesses led to the concept of Syntropy. He is responsible for business development and product vision.

Top 3 Value Bombs

1. Blockchain is one of the largest shifts in the way human society operates.

2. Syntropy is using blockchain technology to decentralize the Internet activity system and solve the fundamental security, privacy, and activity problems, but most importantly, the Internet monopolization and control problems.

3. Severe monopolization of the Internet market and technological limitations that existed before the blockchain technology came to life are the two key reasons there are problems with the Internet today.

Sponsor

NetSuite- NetSuite, by Oracle, is your AI powered business management suite, trusted by over 41,000 businesses! Download the free e-book, Navigating Global Trade - 3 Insights for Leaders at NetSuite.com/fire!

Transcript

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0:00.0	Lights that Sparkfire Nation. JLD here and welcome to Entrepreneurs on Fire, the only daily show in
0:08.3	the world interviewing the world's most successful entrepreneurs seven days a week. Today we're pulling
0:12.5	a classic episode from the archives and we'll be breaking down how blockchain is improving
0:16.3	internet connectivity and networking for businesses. To drop these value bombs, I brought Domas into EOFIRE
0:21.9	studios. Domas co-founded and successfully exited a fast-growing SaaS startup. His understanding
0:27.2	of network technologies and data streaming businesses led to the concept of centripy. He is responsible
0:32.5	for business development and product vision. In Fire Nation, we'll talk about how blockchain
0:36.4	is one of the largest shifts in the way human society operates and oh so much more. And a big thank you
0:42.0	for sponsoring today's episode goes to Domas and our sponsors. These days, your business needs
0:47.7	total visibility. From global shipments to tariff impacts to real-time cash flow, that's NetSuite
0:52.8	by Oracle, your AI-powered business management suite
0:55.8	trusted by over 41,000 businesses, download the free e-book, Navigating Global Trade,
1:00.7	three insights for leaders at netsuite.com slash fire. Dom, welcome to entrepreneurs on fire,
1:10.4	and we're going to dive right in today because the word blockchain is being thrown around
1:15.0	like confetti, but most people don't understand what it is.
1:19.2	So for once and for all, break down what the heck blockchain is all about.
1:25.4	That's a very, very, very important question today.
1:29.0	And I think that it's about one of the largest shifts in the way human societies operate.
1:37.0	And I would even call it a part of evolution in general.
1:41.0	It's such a profound and game-changing technology and social phenomenon that actually
1:46.6	it requires like multiple perspectives to look at it. And in order to fully grasp it, you know,
1:52.9	the grasp the whole essence of it and impact of what it actually is, you need to look at blockchain
	...

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