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so i would be in talking at the bay about that
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block chain and start ups uh that's quite an interesting
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will uh as you know we leave it uh uh on always on the edge of the next show
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sorry for i would be talking in english as my friend just not right
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so um did you don't say shit is what we have been doing away you know in the last forty yes
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we tried to digital us everything that it is possible it
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looks really linebacker revoke any formulation of minimum energy
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this is to know what we try to do these days we talk about instant thing is information flowing
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in the usage of this information for our it's it's uh and
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not up everything that can be digital lights as being digital
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this process of digital information that we are only many aspects of our life
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it s. last forty years ago for what we call it that the foundation technology
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the c. p. i. made someone of you was known this this stems not almost forgot went
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easy p. was invented in nineteen seventy two was a bit like the block true of
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um there were some initial applications of it are on it
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but that was that you read your email update
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this is for last the full something like uh it here is nothing really happened
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that company started to see the advantages of course technology mean them was
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running now than did the little some or is it something that capacity of calculation would improve
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and company started to use the advantages of the t. c. p. for the internal
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application company like sun micro sees that microsoft itself this started
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to use this protocol internally on their own benefit
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of course then it claims that
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the world wide web any was the time when this technology became an aspect
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which it was at the time when this information start to spread everywhere
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i'm bill two thousand and five when i knew business small that start to develop
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it was so yeah phase book you have you where you have go
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go they base their business model entirely on the digital information
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so what we have done it we created a parallel work completely digital
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that's where we need it now we have a digital book wherever
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you know we don't make much of a different our children for band that's the new we on would be a used to the
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well
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but there is a very special cases when it comes to
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the exchanges so we talk about copy now part
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there's a special cases in this is the exchange on that it's one one send
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me a copy one hundred dollars i don't feel very comfortable with that so
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when we go back to the exchange of value when we talk about uh
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payment systems where we talk about uh uh well sessions of us it's a
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registrations all property not our society goes back directly to the twenty century
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the transition don't know really play it will we organise this pictures i took it because
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i really like it formed on perhaps got is one of the major uh
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innovators in this area it every fractions of
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our payments easter something extremely complex
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huh for something extremely simple so let's say it takes us uh
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instantaneous it to send an email to exchange information it takes
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up to three days for a payment to be executed
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it takes up to you know a settlement in your t. c.
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market you my last days sometimes months but oh well
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this is so
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the the places where we have it just out the do our society's regulated by knows
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is regulated and does the society where there is lots of lawyers no real um
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and then up all its identity came a bit cooling or because i can have very interesting point
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in time two thousand and i don't know it was the time when the market was crashing
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where the tossed into the system in the existing sees with extremely low where
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in the the big cool when it was born as an anarchic
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ideas behind so i want to spend my money i want to have full
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control of my money in i want to spend that whenever i want
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you know peer to peer protocol without anyone stopping from
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when that without any central authorities they can say
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this is a bond transaction not the bunny transaction anonymously
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oh well we can discuss about that of course you know there's an arcade position but of course uh
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what the beat going give it to us was the block g.
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u. was that the architectures it allows the bead calling
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so if you want to make it that it it's a messy a competition with the t. c. p. a. p.
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i've been a bit humid was the first applications on the t. c. p. protocol
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so beat what was the first applications then was running on the blocked
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and bob chip get us the tossed get us it might be magical assurance that
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no one can she i don't receive a copy of the information i receive
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that they asked it is transferred for pass a two person
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and that's what was the real revolutions all locked
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of course
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my colleague is expended be the correct there is the code it so block chain at
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the fall corrected we see that allows block change it to create this dross
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is basically the distributions the peer to peer my copy
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millions of copy of the same information distribute it to
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anyone uh the mute ability no one can change
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the the the ball no one can cheat the encryption is
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in the mechanism of the controller consensus that say is
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how a transnational i is it daddy transactions and this
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is where the power of the mathematical inside the
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um yeah block chain as such
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as involved in this year it's now they are many block change implementation
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each one reason is want value proposition it's very important to understand
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bob chain is an anarchic ideas uh and its own implementation it's a
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suitable for the scope for reach beat going was oh oh
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you know in others alien like in the financial industry there is no need for having their all the uh
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the information pricing on every single note why people not belonging
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to the transactions must have a copy of our information
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and this was difficult to come means the banks uh to base their development on the
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big calling the block chain so everybody in this last two three years tried to
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take the best all the block chain be point and i started to set up something
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that was more suitable for their venue problems each so you have it their own
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which is a general papas block chain and say where you can once mark on trucks
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on the top of it and you can basically do you help almost everything
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but you have a hyper lecture specifically done it the for federated console too small
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numbers all p. s. they they decided we build some things that more x.
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oh and they can score is the last one you read about the air trig and talk to the bank
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at court but it's it's specifically tune for financials up each say we don't hear
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the problems of the others we want was something that fits our own needs
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oh distributed ledgers in the specific cases means that
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the the peers they don't cost each other's
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in this is the reason why we need to have a block change
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um of course there are some the difference among all of them i don't want to go the details uh under two
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did you i think that would mean that ideas about the block chain is
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that block chain is a foundation that now it is here to stay
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that's the good news the bad news that as we leave it in the in
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the time all the fast information we expects the things to happen immediately
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this one at that it takes thank you will take time
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before we will see the killer applications block chain base
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the reason not to know there's lots of uh we'll even high of the block
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change everybody's talking about block chip but in reality the reason no real
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applications will be apart from some are ever ledger which is very they have
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to go on very uh or you established they are beta versions
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they are all foundation yeah idea score about is how far they assure the
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iran it a long it's now reaching with the huge of beta
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uh so easy we're it early phase so things well can't you will take time
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uh that brings me to the core or my discussions that the startups bees
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so start ups because this is it is it does this
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you is there any of you than knows how to start a business is working
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what's this thought that because this is is something that has to happen very so i see a specific business cases
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in i want to take advantage of it had here in analysis of the uh just let make it
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the in the case of the insurance get okay so is a traditional insurance uh it doesn't change
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scenes years more or less as it was at the beginning of last century it is now
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core of the industry is exactly the thing so are you and divide it by
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the band you chain of the product designer in the pricing
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on the writing distributions of the claims managers in strange
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of course the generalisation is touching it any aspects of it it's it there's been digitised
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there is room for improvement it any of does a we have a big data
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you can not an ice back to the race can we can think about
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more customised products afford insurance that we cannot distribute them online uh we can
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uh every cow be solution for risk uh and the claims process manage
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so companies look said that they realised this way he's the business opportunities the way
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around the margins what can i do better is of the incumbents where
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and they immediately start to be that very vertical business cases
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a you see these explosions of uh you can
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choose tech company all the size you can market that
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these uh one thousand billion worked market well
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this is how do you
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that startup business cases normally works the average life cycle stocked up
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on the phone thing on the idea that you can go
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well only ninety percent those ninety percent of all the startups and stop in and no
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business so we discuss about the ten percent of the start that it succeeds uh
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and the most of them they have one big task to be
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bought by incumbents they exit strategy is it to be parked
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or a bigger than you change a bigger insurance that to be
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bought in integrated idea technology or did innovative business process
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oh so this is how the business cases normally of the startup it's work
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um
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so
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they don't want to bring you to our journey
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we uh in sweet and the and and together with other companies decided that
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uh me last year's uh to make a consortium ended to propose a
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together with banks that can be uh was the inside the
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consortium we scorn was inside the controller to uh uh
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we have to remember all of them are uh then in core was inside his consort
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uh you meant takes with the schools in the idea was
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uh to make a new uh obviously clearing sees them
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in twelve for this one is a common platform way all the banks all the
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uh do giving business it would be down why they
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uh one of the major triggers that the sun even is always running for a for a or is it
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the the compliance e. in the the regular to comply to new lows is counting two thousand acres
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impose it to financial institutions to head to breed more
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clarity in their books in the release good air
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into the process how they communicate with your customers
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all those regulations they have to be implemented
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um every bank is to do that
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if they want to people staying in this this is not into that in
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a traditional way every bank as to implement those things by themself
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every band is to make investments has to change the i. t.
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c.'s that as they change today reported that means it
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lots of investments of the bank that the basic idea was then let's make it once
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based on the block chain so that any banks can use it as a service and we will guarantee
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the compliance to the regulation compliance see not just that
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well i don't know for any of you that knows how to market places in specific use
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it your t. c. and english in the because of the shoes market is working
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you know there is a inactive in between two traders hire this
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guy wants to buy is is that this year's the other
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ones okay am i will buy it at this price the agree
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over the telephone the information is passed into the back
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all fees of the banks where they start to uh the
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payment process and then at the end of the day
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that paper abusive physical representations of the shares of that company
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ghost from one to study and physically bag to the other fees
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to the other day he said paper based process completely
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and the sacrament and of course there is a huge a counterpart to these
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that is to be done don't you pay before when you don't know if you get the papers represent the the normal it works but of
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course there is a lot of energy that has to be spent you know to to uh uh to to take care of that process
00:17:11
so trade reconciliation in case something the price is not is someone
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writes the wrong prices there there there there are a
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lot of back at all fees uh costs involved so our
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project was to create a completely dissent right open
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system prototype for post waiting process um for compliance with
00:17:32
the regulations instantaneous clear and set up so
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pain in the pause in the beach so digital lies in the shears
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as an asset on the block g. s. a nice the properties passing on the other
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side mine is boring so it's not the only transactions so no counterpart the risks
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remove that needs for trade we conciliation by design so
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that's what we have done so the hula value chain allow us doctor was exactly
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buy and sell as a custodian down brokers a digital assets company
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they want to put issue in entire crew system of business
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authorities feeling mark nation a national bank they wants
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to control who is doing what where
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uh everything's on the blockage everything can access
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the same information guaranteed anyone can look
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it what yes the right to of course all
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the information block sheena by definition it so
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it's it's public so we had to to uh encrypted
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uh uh in that they could access only part of this
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he was an extremely challenging pro you in this project came out something extremely interesting which is actually
00:19:07
the core of all the block chain discussions that everybody is in intermediary of someone else
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any reality what the block chain could problem is to do is
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to replace the rules of almost everyone in dismay she
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we could think about they've gained or do or process
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managed by smart contracts completely without any intermediate
00:19:32
does let you understand the complexity from the business point of view of block she
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the people like there's an institution like the banks investing
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in it and not investing to be these intermediate
00:19:44
they want to see what's the new value proposition what's the stack and technologies
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but yeah intermediary option could do their job way more efficient we
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could do everything so this is a bit to that
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the part baby difference how the complexity of uh making business
00:20:05
start up a business into the block sheena yeah
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context well just just a bit of it up i want to make it one no big view so uh
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our new is the novelty of the business case verse all can plug is it was stabbed each something new
00:20:24
block chain happen it beat when it's a single use case isn't one vertical application
00:20:31
i heard about ah ah it's something real machinery in these ideas but is
00:20:37
also very vertical it isn't you know is it is unknown business keys
00:20:42
yeah as it was comments on online we were buying hoops before comments on that we're buying books with
00:20:47
amazon there was only do things with change something different is that you know when we go to
00:20:55
new business more we try to to do break what it is the existing good way
00:21:01
of doing business there yes and then there's the the resistance is way higher
00:21:08
and uh this uh said more or less where we stand in now as far as we see there is no
00:21:14
transformation does no sky but there is no you but
00:21:17
there's no kidding applications existing in the blocked you
00:21:22
not this year not next year probably not in the next five years but this is a journey with no way back
00:21:31
um the switch and was interesting company
00:21:34
just to say they're each of then i position them one in this uh
00:21:39
in this concept try to give it to their contributions to the
00:21:44
to you who shun of the block change and i have yet supple metaphor monet personally case the market place that
00:21:51
support is it that's all been one of the major issues it is normally the between exist is it one of the the
00:21:59
you have it it a hardware where you put your private key to store your portfolio
00:22:05
uh so interesting uh value proposition for that one none of them has probably
00:22:11
i i don't know figures but probably is not yet successful but
00:22:15
that they are trying hard to begin to to build a business it's
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a very last one allows also is that yeah and then
00:22:23
as a company we uh our value proposition is it to help company to understand
00:22:28
what block changes to create prototyping on the top of the block channel directly
00:22:35
to um to create their pleases on the bill g.
00:22:39
right so we're consultancy company but we're endanger income
00:22:43
uh we strongly believe brought chain is going to be with us for the next
00:22:47
years and we as when i hear to help the understanding of this

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Conference program

Accueil
Emmanuel Garessus, Le Temps
27 Jan. 2017 · 9:37 a.m.
334 views
Présentation des compétences R&D du site
Laurent Sciboz, directeur Institut Informatique de Gestion | HES-SO Valais/Wallis
27 Jan. 2017 · 9:39 a.m.
102 views
La blockchain décryptée
Antoine Yeretzian, Blockchain France
27 Jan. 2017 · 9:45 a.m.
458 views
Q&A - La blockchain décryptée
Antoine Yeretzian, Blockchain France
27 Jan. 2017 · 10:12 a.m.
108 views
Blockchain from the hype to mainstream
Michele Forte, Ti&m
27 Jan. 2017 · 10:45 a.m.
260 views
Q&A - Blockchain from the hype to mainstream
Michele Forte, Ti&m
27 Jan. 2017 · 11:08 a.m.
Les applications juridiques de la blockchain
Nicolas Capt, Capt & Wyss
27 Jan. 2017 · 11:49 a.m.
313 views
Q&A - Les applications juridiques de la blockchain
Nicolas Capt, Capt & Wyss
27 Jan. 2017 · 12:16 p.m.
Comment gérer les données oncologiques avec la blockchain
Alevtina Dubovitskaya , HES-SO Valais Wallis
27 Jan. 2017 · 12:24 p.m.
311 views
Q&A - Comment gérer les données oncologiques avec la blockchain
Alevtina Dubovitskaya , HES-SO Valais Wallis
27 Jan. 2017 · 12:35 p.m.
La blockchain au service de l’énergie
Stephan Tual, slock.it
27 Jan. 2017 · 2:02 p.m.
Q&A - La blockchain au service de l’énergie
Stephan Tual, slock.it
27 Jan. 2017 · 2:23 p.m.
Case study : Aérien (drones, passagers, bagages)
Stéphane Cheikh, SITA
27 Jan. 2017 · 3:04 p.m.
Q&A - Case study : Aérien (drones, passagers, bagages)
Stéphane Cheikh, SITA
27 Jan. 2017 · 3:22 p.m.
Les joueurs reprennent en main les jeux numériques
Markéta Korteova, Everdreamsoft
27 Jan. 2017 · 3:25 p.m.
Q&A - Les joueurs reprennent en main les jeux numériques
Markéta Korteova, Everdreamsoft
27 Jan. 2017 · 3:42 p.m.

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