# Philippe Schommers I Gnosis: Chain and Vision I Gnosis I Pragma San Francisco 2024

- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2025-10-09
- Duration: 18:17
- Topics: Gnosis Chain, Philippe Schommers, Shutter Network, MEV protection, Circles UBI, decentralized finance, DeFi payments, Ethereum compatibility, blockchain privacy, Gnosis Pay, crypto Visa card, decentralized banking, Sybil-resistant, self-custody crypto, universal basic income crypto, composable blockchain, crypto innovation, Ethereum layer 1, blockchain financial rails, Pragma San Francisco 2024
- Watch: https://streameth.org/watch/yt-JVMM0DG5PRM
- YouTube: https://www.youtube.com/watch?v=JVMM0DG5PRM

## Description

Join us for a talk by Philippe Schommers, Head of Infrastructure at Gnosis, titled, "Gnosis: Philippe Schommers presents the future vision for Gnosis Chain, highlighting its focus on decentralization, privacy, and seamless financial integrations at Pragma San Francisco 2024. 

Explore Gnosis's innovative solutions including Shutter Network for preventing MEV, Circles UBI—a decentralized, Sybil-resistant universal basic income system—and Gnosis Pay, a self-custodial crypto Visa card. Learn how Gnosis combines Ethereum compatibility with unique features to build secure, composable, and user-friendly blockchain financial infrastructure.

00:00 Introduction: Philippe Schommers on Gnosis Chain Vision
00:53 Overview of Gnosis Chain Compatibility with Ethereum
01:30 Key Differences: Native Token xDAI & Staking Token GNO
02:08 Gnosis Hard Fork Timeline & Ethereum Alignment
03:16 Why Gnosis Chooses to Remain a Layer 1 Chain
03:50 Shutter Network: Decentralized MEV Protection
06:42 How to Use Shutter Encryption on Gnosis Chain
07:50 Circles UBI: Decentralized Trust-Based Payments
09:36 How Circles Enables Payments via Social Trust
10:55 Circles Groups: Collective Action & Fair Money
11:30 Circles 2.0 Launch: New Features & Capabilities
11:50 Gnosis Pay: The Future of Decentralized Banking
12:16 Banking Evolution: Traditional, Neobanks, On-chain
13:17 Challenges of Traditional Finance vs. Crypto UX
14:59 Objectives of Gnosis Pay: Combining TradFi & DeFi
15:39 Integrations: How dApps Leverage Gnosis Pay
16:12 Gnosis Pay Visa Card: Real-world Crypto Payments
16:52 Importance of Self-Custodial Control in Gnosis Pay
17:24 Upcoming Features: Apple Pay, Google Wallet, USDC
17:57 Conclusion & Resources: Engage with Gnosis DAO

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🇺🇸 *Pragma San Francisco*
Pragma San Francisco 2024 was a special gathering of founders and builders that took place October 16th and 17th at The Contemporary Jewish Museum in San Francisco, CA.  Pragma San Francisco 2024 was an opportunity discuss the future of web3 and reflect on the past. Watch the full Pragma San Francisco playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh4LcwDpGf_itZrAu7XRNb07&si=3x3y9J3avgNTITUe

ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. 

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✅ *Follow Philippe Schommers*
X: https://x.com/filoozom

✅ *Follow Gnosis*
X: https://x.com/gnosischain

✅ *Follow ETHGlobal*
X: https://x.com/ETHGlobal​
Warpcast: https://warpcast.com/ethglobal
Website: https://ethglobal.com
YouTube: https://www.youtube.com/c/ETHGlobal 

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