WEBVTT

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<v Speaker 1>When it comes to tokenization, you have to be careful

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<v Speaker 1>not to be over excited because you can tokenize. And

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<v Speaker 1>I said, that looks awesome on paper, but if you

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<v Speaker 1>don't do anything about it, then it doesn't help. It's useless.

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<v Speaker 1>It's just a new technology on the top of an asset.

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<v Speaker 1>Tokenizing is step one of a six step process.

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<v Speaker 2>It seems like the race right now is with stable

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<v Speaker 2>coins and tokenized funds or tokenized assets.

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<v Speaker 1>Yeah, exactly.

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<v Speaker 2>This episode is brought to you by Treasure. Treasure makes

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<v Speaker 2>favorite is the Treasure Save five. It's a beautifully designed

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<v Speaker 2>and easy to use hardware wallet guys, and it's my

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<v Speaker 2>go to. And they support a variety of coins, all

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<v Speaker 2>your your top crypto tokens, your big coins, your x

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<v Speaker 2>rp Ethereum, Solana and much more, and even new coins

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<v Speaker 2>even black Rocks Biddle token. So they support coins on

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<v Speaker 2>the institutional side where you have tokenization of different assets

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<v Speaker 2>and much more. And they even offer a great service

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<v Speaker 2>that helps you to get your treasure device set up.

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<v Speaker 2>You get one on one customer support from their team,

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<v Speaker 2>so you can check that out as well. So once again,

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<v Speaker 2>I'm a big fan of this hardware wallet. So if

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<v Speaker 2>you'd like to learn more, visit the link in the description. Hey, folks,

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<v Speaker 2>welcome into the Thinking Crypto Podcast. I'm your host, Tony

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<v Speaker 2>Edward and joining me today is Eric Pacini, who is

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<v Speaker 2>the CEO of Hashgraph. Eric, it's great to have you on.

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<v Speaker 1>Thank you, thank you for having me.

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<v Speaker 2>Excited to be here, absolutely, Eric, I've been a big

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<v Speaker 2>fan of Adera for many years. I'm an h BAR

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<v Speaker 2>token holder, and I'm excited to dive into the latest

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<v Speaker 2>updates around hashgraf and all the great things you and

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<v Speaker 2>the folks are doing. Let's kick it off with your background.

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<v Speaker 2>Tell us a bit about yourself and your professional background.

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<v Speaker 1>Yeah, thank you, thank you for being an h BAR older.

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<v Speaker 1>I appreciate it. I started my journey in broad chain

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<v Speaker 1>back in twenty thirteen when I was a partner at

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<v Speaker 1>Deloids and discover that crypto you know, craziness from a

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<v Speaker 1>technology point of you. I'm an engineer, so from a

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<v Speaker 1>Chroma technology point of view, I was very excited about

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<v Speaker 1>the big one white paper, and I realized that as Deloid,

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<v Speaker 1>we needed to be ready to engage with our clients

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<v Speaker 1>on that topic of crypto, which John turns into the

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<v Speaker 1>broad chain discussion, the Web three discussion and denity is

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<v Speaker 1>and all of this. So I've done that for many years.

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<v Speaker 1>It was really exciting to start something new within the

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<v Speaker 1>big organization just with a lot of friends. A lot

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<v Speaker 1>of people are now steed at Deloid or left Aloid

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<v Speaker 1>and our you know, a little bit everywhere in the

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<v Speaker 1>world working on different crypto projects, which is really exciting.

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<v Speaker 1>I decided to go and started a company with other

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<v Speaker 1>individuals that I was helping to start the company, so

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<v Speaker 1>we did that or supply chain, blockchain and supply chain.

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<v Speaker 1>We did that for two years. That left to go

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<v Speaker 1>back to a big firm, IBM, because of a friend

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<v Speaker 1>of mine asked me to go and help him with innovation,

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<v Speaker 1>brock chain and new things in an industry that I

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<v Speaker 1>didn't really know, which was healthcare and life science industry.

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<v Speaker 1>So I learned a ton on how that industry functioned,

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<v Speaker 1>the goods are bad and the ugly, right, and then

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<v Speaker 1>decided to go back to the core, which is Hetera

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<v Speaker 1>and be part of that team. Start in March of

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<v Speaker 1>twenty twenty three, so join men Sending and the founders

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<v Speaker 1>of EA at that time. And I'm currently the CEO

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<v Speaker 1>of ash Graph, which is think of age graph at

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<v Speaker 1>the lab team behind Hetera. So we do products and

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<v Speaker 1>engineering and security and develops and marketing and communication and

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<v Speaker 1>a lot of things for the entire ecosystem. So it's

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<v Speaker 1>an exciting time for us because of many things I'm

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<v Speaker 1>sure we're going to talk about today.

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<v Speaker 2>Yeah, that's awesome. You certainly have a platter of experience

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<v Speaker 2>at in the world of blockchain and at some very

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<v Speaker 2>big companies. You mentioned de Lloyd and IBM. When you

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<v Speaker 2>were at IBM, were they using the hyper Ledger fabric protocols.

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<v Speaker 1>I think that's most one most of Yeah, most of

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<v Speaker 1>what we were building back then was on hyperdage or

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<v Speaker 1>fabric because that was the IBM platform. Right. We did

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<v Speaker 1>actually read something very interesting. We build an application where

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<v Speaker 1>you could collect your healthcare information from different sources, right,

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<v Speaker 1>your doctor, your pharmacy, the hospitals, your live results into

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<v Speaker 1>one place, and you could decide how to manage this

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<v Speaker 1>information your set and share that information with different parties

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<v Speaker 1>depending on the need. So you were now in control

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<v Speaker 1>of your own information, which was a really good case

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<v Speaker 1>for blockchain, really good case for getting the custody of

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<v Speaker 1>your own personal data on your phone. Right, So we

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<v Speaker 1>did that then it was it was pretty successful, and

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<v Speaker 1>then COVID started uh and we actually did a version

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<v Speaker 1>of that solution just for COVID, so people could use

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<v Speaker 1>that solution to collect their test results and their vaccination

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<v Speaker 1>status and share that back to different entities when they

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<v Speaker 1>needed to do this. So we did that for the

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<v Speaker 1>state of New York, for example, and it was called

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<v Speaker 1>the Excess your Pass if you were in New York

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<v Speaker 1>during that time.

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<v Speaker 2>Oh wow, I did not know that that that this

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<v Speaker 2>technology was used in healthcare and in that way during

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<v Speaker 2>the COVID situation. So with hyper ledger fabric, I'm curious

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<v Speaker 2>about the dynamic of permission blockchains versus public because hyper

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<v Speaker 2>Ledger was permission. Do you see a world where both

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<v Speaker 2>will exist that companies may use permission for certain you know,

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<v Speaker 2>private information like healthcare data, but public maybe for more

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<v Speaker 2>finance and things like that.

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<v Speaker 1>Yeah, and that's think it's a little bit more detailed

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<v Speaker 1>than that. Right, you have public and private and permission

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<v Speaker 1>and permission less, right, so you can mix and much

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<v Speaker 1>those four things. Obviously, Bitcoin is public permission less, so

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<v Speaker 1>anything goes right, no one controlled it. Then you have

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<v Speaker 1>the permissioned private, which is a periodure of fabric which

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<v Speaker 1>was a limpted number of nodes controlled by the consortium,

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<v Speaker 1>whoever that consortium is. And it's private because the network

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<v Speaker 1>itself is not visible to the public. Right. So you

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<v Speaker 1>have those two extremes, and then you have flavors in between.

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<v Speaker 1>What we do is at Eedera, for example, is we

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<v Speaker 1>are public blod chain, but we are permissioned, right, so

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<v Speaker 1>you cannot decide tomorrow to run a node on e Era.

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<v Speaker 1>You need to be part of the council in order

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<v Speaker 1>to do this. We need to be accepted in the council,

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<v Speaker 1>and we help you run your own node. But it's

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<v Speaker 1>public because you can go on an explorer and you

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<v Speaker 1>can see all the transactions happending on the right. So

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<v Speaker 1>that's that's a mix of both things, which is you know,

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<v Speaker 1>permission but public.

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<v Speaker 2>Interesting. So to your point, there's going to be a

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<v Speaker 2>bit of mix and matching here depending on the need,

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<v Speaker 2>depending on the industry that's looking to adopt this technology.

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<v Speaker 1>Yeah, that way, And you know, we launched about six

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<v Speaker 1>months ago now we launched a version of a DRAM

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<v Speaker 1>which is permission still but private because we add a

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<v Speaker 1>lot of interest from financial institutions all over the world,

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<v Speaker 1>supply chain companies and so on asking for the same technology.

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<v Speaker 1>Because I love of the technology that the actually you know,

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<v Speaker 1>technology invented by human Baird is really awesome, but it

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<v Speaker 1>could not afford to live in the public blockchain, right,

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<v Speaker 1>because of regulatory limitations, because of data residency challenges, because

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<v Speaker 1>of privacy shoes, right, they didn't want anyone to know

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<v Speaker 1>that they were transacting with each other. You would see

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<v Speaker 1>in a public ledger. You don't see that on a

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<v Speaker 1>private leisure unless you're part of the consortium itself. So

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<v Speaker 1>we beat this solution called ash sphere, and that's a

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<v Speaker 1>version of it. There are that is leveraging the exact

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<v Speaker 1>same technology, except that it's a private network as opposed

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<v Speaker 1>to a public network.

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<v Speaker 2>Is it any the drugs?

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<v Speaker 1>Yeah?

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<v Speaker 2>Is it kind of like a layer two or is

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<v Speaker 2>it like sitting side by side and there's a bridge

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<v Speaker 2>for a certain information.

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<v Speaker 1>It's not AREO two. It's a side by side and

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<v Speaker 1>a connection bridge, an interconnection between the nash sphere which

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<v Speaker 1>is a private version and man net, which is a

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<v Speaker 1>public version, or between ash fear themselves. You can also

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<v Speaker 1>bridge different private versions with each other if you want to.

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<v Speaker 2>Very interesting. So this allows those who face significant regulatory

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<v Speaker 2>compliance and handle very sensitive information to do these transactions,

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<v Speaker 2>whether it be banks, maybe healthcare companies and getting the

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<v Speaker 2>blockchain benefits. But it's not open to the public.

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<v Speaker 1>Yeah, And it's also a way, the way I think

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<v Speaker 1>of it, it is, you know, it's still a brand

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<v Speaker 1>new technology, right, so a lot of traditional organizations are

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<v Speaker 1>going to be very concerned about exposing something to the

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<v Speaker 1>public and they don't really know the specifics. So for

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<v Speaker 1>them to go and say, yes, I'm going to be

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<v Speaker 1>running on the public blockchain, it's a really hard mental barrier, right.

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<v Speaker 1>So if it gives them a chance to do it

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<v Speaker 1>in the private environment, which is something that they're more

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<v Speaker 1>familiar with, and then over time they might decide, you know,

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<v Speaker 1>I feel much more comfortable now with the technology and

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<v Speaker 1>the code and the permission aspects and the way the

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<v Speaker 1>technology works. Consensus mechanisms. I'm okay, now opening to the public.

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<v Speaker 1>You know, I think that's also a journey for our clients.

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<v Speaker 2>That makes sense. It's like a stack ground and they

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<v Speaker 2>feel comfortable and confident and then they move it over

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<v Speaker 2>and if they want to to the public network.

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<v Speaker 1>Yeah. The point to the point, for the point for

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<v Speaker 1>us is regardless of where you are as an organization

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<v Speaker 1>in your journey of adoption, we can find you where

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<v Speaker 1>you are. We're not going to force you to come

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<v Speaker 1>to us. We're going to find a way a pass

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<v Speaker 1>for you to engage with us and benefit from that

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<v Speaker 1>awesome technology that we have at it.

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<v Speaker 2>So, I don't know if this question makes sense. In

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<v Speaker 2>that hash fear private chain so to speak, is the

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<v Speaker 2>h par token also running through the rails there or not?

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<v Speaker 1>So it's it's not. You can decide, because you actually

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<v Speaker 1>manage this ash fear as a consortium, for example, you

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<v Speaker 1>can decide to create your own token into that ash

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<v Speaker 1>fere and benefit from that. The edge bar crypto itself

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<v Speaker 1>is not used unless you are using a bridge to

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<v Speaker 1>man that, and in that case, yes, there is an

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<v Speaker 1>interaction with the edgebar as a cryptocurrency. There is as

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<v Speaker 1>a token there is that is the need for exchange.

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<v Speaker 1>But you can decide whether you have a token or not,

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<v Speaker 1>whether you want to have that token exposed to the

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<v Speaker 1>public or not. You can decide a lot of things,

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<v Speaker 1>which is again the flexibility of using the technology the

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<v Speaker 1>way you want as an organization, not the way the vendor,

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<v Speaker 1>which it does are forcing you to do.

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<v Speaker 2>Right now, one of the things I know HADERA has

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<v Speaker 2>a massive governing council with some very big names like Google,

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<v Speaker 2>IBM and so forth. Are those folks like testing on

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<v Speaker 2>hash fear. Can you give you examples of some of

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<v Speaker 2>the things they may be testing or piloting if you can.

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<v Speaker 1>So that most of them are a building on public

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<v Speaker 1>on the public leisure on the public man net, right.

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<v Speaker 1>A few of them are doing hybrid, right. A few

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<v Speaker 1>of them are saying I need both because they are

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<v Speaker 1>very specific needs that needs that privacy construct or that

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<v Speaker 1>that are right, I cannot have my transactions being verified

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<v Speaker 1>outside of a country or a region, right, So they

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<v Speaker 1>need this, But they also have a lot of needs

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<v Speaker 1>for the public version, and so they usually do a

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<v Speaker 1>mix of both with a bridging in between.

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<v Speaker 2>Yeah, that that definitely makes sense. So it's very much

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<v Speaker 2>going to be this hybrid adoption model, so to speak,

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<v Speaker 2>the private aspect and then the public. So, yeah, that

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<v Speaker 2>definitely makes sense.

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<v Speaker 1>I've been a big fan of this model for a

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<v Speaker 1>long time, right, I remember the early days we were

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<v Speaker 1>finding you know, private versus public you're wrong, You're wrong.

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<v Speaker 1>You know, that's not the way to do it, right.

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<v Speaker 1>I don't know why we need to choose, right. The

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<v Speaker 1>part is you don't have to choose. You can decide

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<v Speaker 1>to engage with that technology in a lot of different ways,

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<v Speaker 1>and then you decide over time which you want to

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<v Speaker 1>move from one structure, one framework to another. But we

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<v Speaker 1>shouldn't force organizations to use one step of mind versus another.

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<v Speaker 1>I mean, that's not the way business works, right. You

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<v Speaker 1>have to meet the business where they are.

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<v Speaker 2>Absolutely, Yeah, and the real world, you know, there's a

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<v Speaker 2>lot of different moving parts and components in business, so

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<v Speaker 2>it's not one size fits all. There has to be

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<v Speaker 2>customization for different aspects of the business.

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<v Speaker 1>Yeah, exactly, exactly.

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<v Speaker 2>So some of these folks that you mentioned that are

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<v Speaker 2>building in the government councilor are building on hedera, what

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<v Speaker 2>are they building? Are they tokenizing assets? Are they using

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<v Speaker 2>blockchain to move data? Maybe in supply chain or things

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<v Speaker 2>like that.

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<v Speaker 1>Yeah, all of the you know, so we have thirty

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<v Speaker 1>two or thirventy three now cancer members, right, so we

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<v Speaker 1>have a lot of diversity. Some of them are working

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<v Speaker 1>on Steblequom right on a draw. Some of them are

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<v Speaker 1>working on supply chain like you mentioned, and by the way,

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<v Speaker 1>not just them, right, you have a lot of organizations

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<v Speaker 1>outside of the Cancer also building on it. There are

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<v Speaker 1>for supply chain for example, for purposes. Some of them

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<v Speaker 1>are building aainst the sustainability market right and managing carbon

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<v Speaker 1>credits and carbon footprint right on e era. We do

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<v Speaker 1>a lot of work in the I with some of

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<v Speaker 1>them capturing what an AI agent or an AI mottor

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<v Speaker 1>is doing and using there are as a trust layer

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<v Speaker 1>for these AI activities to be recorded and being able

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<v Speaker 1>to be auditored in the future. It's beneath you, so

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<v Speaker 1>very differently use cases, you know, across the board. I

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<v Speaker 1>would say, if I have to pick the big topics,

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<v Speaker 1>I would say it's for it's sustainability, it's to organization

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<v Speaker 1>of real assets, it's stable bombing, and it's now the

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<v Speaker 1>AI and we do have actually built over the last

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<v Speaker 1>eighteen months or so, very specific, but because studio dedicated

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<v Speaker 1>to those topics, right, AI organization, stable corn and sustainability.

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<v Speaker 1>Sustainability for a while. We've been working on this for

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<v Speaker 1>a while, and now we have a way to engage

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<v Speaker 1>with there are with a public of private you are

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<v Speaker 1>a way to engage with an abstruction layer on the

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<v Speaker 1>top of the network, which accelerate your adoption. So if

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<v Speaker 1>you want to build a stable consolution, you can do

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<v Speaker 1>that in weeks. On the top of it. There are

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<v Speaker 1>because we've built all the pieces on the top of it,

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<v Speaker 1>all are necessary for you to build your stable cone

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<v Speaker 1>for example.

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<v Speaker 2>That's really great, so it's kind of turnkey if you

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<v Speaker 2>can come in, everything is set up there and you

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<v Speaker 2>can hit the ground running.

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<v Speaker 1>Yeah yeah, I mean, we are trying to remove the friction, right.

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<v Speaker 1>We are trying to say, if you want to use

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<v Speaker 1>this amazing technology that we have, talk to us. We

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<v Speaker 1>are removing the friction as much as we can and

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<v Speaker 1>tell us but what else we can do to remove

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<v Speaker 1>additional friction, So you don't have to think about the

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<v Speaker 1>complexity of the technology. You just plug and play if

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<v Speaker 1>you want. Right. It's like you know, back in the day,

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<v Speaker 1>you are saying, okay, I'm going to move to the cloud.

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<v Speaker 1>Sounds very very complicated, it sounds very scary and all

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<v Speaker 1>of that. But over time, you know, the industry was

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<v Speaker 1>able to create those abstraction there and migration tools to

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<v Speaker 1>move from the older world to the new world. And

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<v Speaker 1>that's exactly what we do.

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<v Speaker 2>Yeah, that absolutely makes sense. And then you know, some

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<v Speaker 2>of the things I want to highlight here because I've

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<v Speaker 2>seen them in the news was, for example, crypto Exchange

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<v Speaker 2>are checks putting a tokenized money market fund launching on Hedera.

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<v Speaker 2>There was also news of here, I think swarm they

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<v Speaker 2>launch a DeFi compatible tokenized stocks on headera. So you

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<v Speaker 2>have a lot happening, a lot of building. It seems

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<v Speaker 2>like the race right now is with stable coins and

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<v Speaker 2>tokenized funds or tokenized assets. Is that kind of the

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<v Speaker 2>what everybody, A lot of these institutions are looking to

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<v Speaker 2>do right now.

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<v Speaker 1>It is, and it's across the board. It's not just

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<v Speaker 1>you know, capital market companies, which you think would be

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<v Speaker 1>the one. We do a lot of work with this

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<v Speaker 1>company called rete Swan, which is a toganization of real estate,

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<v Speaker 1>and it's amazing the level of tractions are getting tokenizing

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<v Speaker 1>real estate projects and offering investors a chance to participate

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<v Speaker 1>in those projects, where before I didn't even know those

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<v Speaker 1>projects existed and I could invest in them, right, and

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<v Speaker 1>now you can, and regardless of where you are in

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<v Speaker 1>the world, almost you can invest in those projects. So

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<v Speaker 1>that isn't a lot of energy around this. When it

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<v Speaker 1>comes to togonization, you have to be careful not to

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<v Speaker 1>be over excited because you can tokenize an asset and

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<v Speaker 1>that looks awesome on paper, but if you don't do

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<v Speaker 1>anything about it, then it doesn't it doesn't help it.

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<v Speaker 1>It's useless. Right, it's just a new technology on the

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<v Speaker 1>top of an asset. What you need to do is

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<v Speaker 1>you need to create a market. You need to create

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<v Speaker 1>some quidity, you need to create demand, you know, So

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<v Speaker 1>all of those things that are traditional finance kind of activities,

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<v Speaker 1>they still need to happen even when you tokenize the asset. Right,

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<v Speaker 1>Toconizing is step one of a six step process, right,

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<v Speaker 1>you know, we have to be very realistic about expectations aroundganization. Yes,

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<v Speaker 1>please tognize because it gives investor access twenty four by seven,

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<v Speaker 1>you know, un chain trust ability, blah blah blah, all

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<v Speaker 1>some stuff. But you still have to do the rest

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<v Speaker 1>of the work right. You still have to find distribution channels,

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<v Speaker 1>You still have to find investors, you still have to

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<v Speaker 1>report to the regulators and to those investors. All of

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<v Speaker 1>that still needs to happen. It's not just the chganization

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<v Speaker 1>of yet.

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<v Speaker 2>That's such a great point because it would be like

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<v Speaker 2>me tokenizing my house versus someone tokenizing the Empire State Building.

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<v Speaker 2>One is very well known across the world. It's in

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<v Speaker 2>prime real estate in Manhattan. One is in the suburbs.

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<v Speaker 2>I don't think there's going to be a big market

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<v Speaker 2>for it, but there would be a big market for

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<v Speaker 2>the Empire State Building. So it's very much on, you know,

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<v Speaker 2>depending on the asset, the mass awareness of that asset,

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<v Speaker 2>and is there a market for.

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<v Speaker 1>It exactly exactly and then and you want to activate

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<v Speaker 1>equally for that set. So if you if you say, okay,

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<v Speaker 1>everybody invested in the Empire of ten building tomorrow, Okay,

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<v Speaker 1>I'm investing and I'm going to sit on it forever. Okay, great,

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<v Speaker 1>But that's not great. That's not enough, right to me,

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<v Speaker 1>that's not enough. That's not ambitionous. They left the ambition

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<v Speaker 1>is now now I have you know, thousands of investors

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<v Speaker 1>in that building and they can use that investment as

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<v Speaker 1>a cordacter or to get a loan, and that creates equality,

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<v Speaker 1>and that creates you know a lot of activity associated

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<v Speaker 1>with this investment that I didn't have access to before. Right,

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<v Speaker 1>So that's that's the exciting part. Is the engine around

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<v Speaker 1>the organization is expanding liquidity, expanding trust, and expanding access

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<v Speaker 1>to those assets.

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<v Speaker 2>Yeah, that's another great point, Like it's not just holding

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<v Speaker 2>the asset, but what can you do with it? And

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<v Speaker 2>the DeFi component is huge, and it can open up

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<v Speaker 2>so many opportunities for people to gain capital, to maybe

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<v Speaker 2>get working capital, to fix or buy or whatever they

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<v Speaker 2>want to do with it. But the point is they

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<v Speaker 2>have the collateral and then with the blockchain, you open

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<v Speaker 2>up a kind of a global market. It's not just

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<v Speaker 2>people in the United States, but maybe someone in Hong

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<v Speaker 2>Kong wants to will be willing to lend me some

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<v Speaker 2>money based on the collateral I provide.

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<v Speaker 1>Exactly, especially if you asked to be if you ask

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<v Speaker 1>to borrow in a stepacon, which you also on chain

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<v Speaker 1>and more so you know twenty four by seven and

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<v Speaker 1>so on, so so now you can you know, buy

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<v Speaker 1>a percentage of the empire or still building to use

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<v Speaker 1>your example, and then the day after collateralize this investment

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<v Speaker 1>and get a loan in your SDC to buy you know,

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<v Speaker 1>another asset and do you know maybe some management around this. Right,

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<v Speaker 1>So that is a lot of things you can unlock

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<v Speaker 1>by toponizing. My point is the doctanization itself is not enough.

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<v Speaker 1>You need to do more than that to benefit from

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<v Speaker 1>this technology.

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<v Speaker 2>Yeah, great, great point, And that absolutely makes sense, and

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<v Speaker 2>that I guess that's what SWARM specifically. You know, they're

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<v Speaker 2>looking to enable DeFi compatibility for those tokenized stocks and herderis.

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<v Speaker 1>And in many of these we have a lot of companies,

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<v Speaker 1>amazing companies on the ecosystem trying to you know, benefit

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<v Speaker 1>from this, and they all understand the need for technology

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<v Speaker 1>innovation and technology adoption, but also for business innovation, which

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<v Speaker 1>is the ultimate goal, right, The ultimate goal is to

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<v Speaker 1>innovate from a business point of view, not just I

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<v Speaker 1>have a great platform. Listen to me, right, It's not enough.

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<v Speaker 1>It's never been enough, right, And I've been in the

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<v Speaker 1>business for thirty years. When you sell technology, you don't

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<v Speaker 1>sell the core technology, you sell the output, the outcome

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<v Speaker 1>of that technology and what it means for you as

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<v Speaker 1>an investor, as an asset manager, what it means for

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<v Speaker 1>you to use that technology. That's what we need to

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<v Speaker 1>force on.

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<v Speaker 2>Oh, absolutely, talk to us a bit about how you

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<v Speaker 2>and the folks at hashcraft are prepared to handle the

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<v Speaker 2>domain and volume. So let's say, with crypto legislation getting

401
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<v Speaker 2>passed and tradify institutions are looking to build stable coins,

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00:22:06.039 --> 00:22:10.519
<v Speaker 2>tokenize assets and much more is headera. You know, what

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<v Speaker 2>are the steps or plans you have in place to

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<v Speaker 2>handle that volume and transactions? And maybe you can talk

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<v Speaker 2>a bit about the latency and tps and all these things.

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<v Speaker 1>Yeah, so I think you have really three ways to

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<v Speaker 1>look at your question. You can look at it from

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<v Speaker 1>a technology capability point of view, right, and you can

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<v Speaker 1>say he there are public today is about ten to

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<v Speaker 1>twenty TP twenty thousand tps? Right, ten to twenty thousand

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<v Speaker 1>tps that you can run on the header are public laser.

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<v Speaker 1>That's that's a really good you know tps right for

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<v Speaker 1>LAO one. But in some instances, as a demand grows,

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<v Speaker 1>we would need to have additional capabilities. That's where I

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<v Speaker 1>fear could play a role. Right, you can outfload some

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<v Speaker 1>of that activity into a private leisure for very high

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<v Speaker 1>speed and high volume transactions, and then use the public

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<v Speaker 1>ledger for anchoring that I should sphere that private version

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<v Speaker 1>on a regular basis, so now you're offloads of the

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<v Speaker 1>transaction to anach fear. The other way to do that

421
00:23:18.200 --> 00:23:20.599
<v Speaker 1>is to do shouting, which we can activate charging on

422
00:23:20.640 --> 00:23:23.119
<v Speaker 1>the top of EDERA as well. There is a lot

423
00:23:23.160 --> 00:23:27.279
<v Speaker 1>of ways to scale from a technology point of view, right,

424
00:23:27.279 --> 00:23:30.480
<v Speaker 1>So that's the first way to think about scaling. The

425
00:23:30.559 --> 00:23:34.599
<v Speaker 1>second one is really people because that and that's that's

426
00:23:34.640 --> 00:23:37.079
<v Speaker 1>an interesting challenge in our industry right in Web three,

427
00:23:37.640 --> 00:23:42.680
<v Speaker 1>finding the right engineers, the right you know, business development people,

428
00:23:42.799 --> 00:23:46.480
<v Speaker 1>the right product leaders is not easy. Right. There's a

429
00:23:46.480 --> 00:23:50.640
<v Speaker 1>lot of competition and the poor is of resources is

430
00:23:50.640 --> 00:23:54.359
<v Speaker 1>still kind of small, so you have a challenge of

431
00:23:55.119 --> 00:23:59.240
<v Speaker 1>finding the right people. I think our position is we've

432
00:23:59.279 --> 00:24:02.960
<v Speaker 1>been seen from the very beginning as the adults in

433
00:24:03.000 --> 00:24:05.440
<v Speaker 1>the room, and so we are able to attract in

434
00:24:05.799 --> 00:24:11.079
<v Speaker 1>as graph and there are in our entire ecosystem. A

435
00:24:11.079 --> 00:24:14.720
<v Speaker 1>lot of people would be scared by Web three because

436
00:24:14.759 --> 00:24:17.480
<v Speaker 1>it's too wide, or it's too massy, or it's too

437
00:24:17.960 --> 00:24:21.799
<v Speaker 1>focused on you know the volatility of the cryptocurrency itself.

438
00:24:22.119 --> 00:24:24.680
<v Speaker 1>You know, we are a different breed if you want,

439
00:24:24.720 --> 00:24:27.039
<v Speaker 1>in Web three, and so we have a really good

440
00:24:27.119 --> 00:24:30.880
<v Speaker 1>chance about acquiring very strong talent coming from what I

441
00:24:30.880 --> 00:24:34.559
<v Speaker 1>would go Web two into into our world. So that's

442
00:24:34.920 --> 00:24:38.799
<v Speaker 1>that stress level around finding the right people is lower

443
00:24:38.839 --> 00:24:42.000
<v Speaker 1>for us because of that, because of our brand across.

444
00:24:42.319 --> 00:24:46.400
<v Speaker 1>And then the third piece of scaling to your point, right,

445
00:24:46.440 --> 00:24:48.799
<v Speaker 1>So we talked about the technology, we talked about finding

446
00:24:48.799 --> 00:24:51.480
<v Speaker 1>the right people. There is an ecosystem piece, right, and

447
00:24:51.559 --> 00:24:54.240
<v Speaker 1>how do we make sure that the ecosystem is actually

448
00:24:54.240 --> 00:24:57.200
<v Speaker 1>scaling with us, right, so that we have enough bridges.

449
00:24:57.359 --> 00:24:59.759
<v Speaker 1>We have enough you know, oracles, we have enough, w

450
00:25:00.240 --> 00:25:02.599
<v Speaker 1>weird enough. And that's where we partner a lot with

451
00:25:02.680 --> 00:25:06.400
<v Speaker 1>the foundations, where we have two different foundations helping ve

452
00:25:06.400 --> 00:25:09.599
<v Speaker 1>ecosystem grow with us. And those grants if you port

453
00:25:09.799 --> 00:25:13.920
<v Speaker 1>you know those companies and they are very very active

454
00:25:13.960 --> 00:25:16.839
<v Speaker 1>in the in the ecosystem. So between those three things,

455
00:25:16.920 --> 00:25:20.720
<v Speaker 1>I feel very comfortable that we are, you know, in

456
00:25:20.759 --> 00:25:23.960
<v Speaker 1>a unique position to scale as the demands the demand

457
00:25:24.039 --> 00:25:26.160
<v Speaker 1>scale for for the for the technology.

458
00:25:26.279 --> 00:25:28.240
<v Speaker 2>Yeah. Absolutely, I don't know if you can answer this,

459
00:25:28.319 --> 00:25:30.119
<v Speaker 2>but you know, the folks who are part of your

460
00:25:30.359 --> 00:25:32.960
<v Speaker 2>governing counsel are some of the largest companies in the world,

461
00:25:33.359 --> 00:25:35.839
<v Speaker 2>have a lot of experience and web two and technology.

462
00:25:36.759 --> 00:25:39.920
<v Speaker 2>I'm assuming you're in contact with them and they're providing

463
00:25:40.000 --> 00:25:42.920
<v Speaker 2>ideas and helping you along the way as well.

464
00:25:43.119 --> 00:25:45.559
<v Speaker 1>Oh yeah, yeah, for sure. So that's that's one of

465
00:25:45.640 --> 00:25:48.480
<v Speaker 1>the value of the Cancer is to actually listen to them,

466
00:25:48.720 --> 00:25:52.240
<v Speaker 1>and we go to them four times a year. We

467
00:25:52.319 --> 00:25:56.319
<v Speaker 1>have four Cancer members meeting every year, two in person,

468
00:25:56.400 --> 00:25:59.720
<v Speaker 1>two virtual, and we talk to them outside of those

469
00:25:59.720 --> 00:26:03.599
<v Speaker 1>mani as well. But during those meetings we say, what

470
00:26:03.759 --> 00:26:06.000
<v Speaker 1>do you need? What kind of capabilities do you think

471
00:26:06.039 --> 00:26:09.440
<v Speaker 1>are useful for you to continue to build down all right,

472
00:26:09.759 --> 00:26:12.799
<v Speaker 1>And that's where the idea of those studios I mentioned earlier,

473
00:26:13.079 --> 00:26:16.319
<v Speaker 1>the AI studio, the table corn studio, the organization studio,

474
00:26:16.599 --> 00:26:18.839
<v Speaker 1>that's where it came from. It came from discussion with

475
00:26:19.480 --> 00:26:23.440
<v Speaker 1>the market of all but specifically with Cancer members who said,

476
00:26:23.799 --> 00:26:26.000
<v Speaker 1>you know, that would be great if we could get

477
00:26:27.200 --> 00:26:29.680
<v Speaker 1>so they didn't think of the idea of studio, but

478
00:26:29.680 --> 00:26:32.440
<v Speaker 1>they said, I need a togalization platform on the top

479
00:26:32.480 --> 00:26:34.799
<v Speaker 1>of it there, and we said, oh awesome, we can't

480
00:26:34.799 --> 00:26:38.240
<v Speaker 1>build that and we did, so that is a lot

481
00:26:38.240 --> 00:26:41.880
<v Speaker 1>of collaboration between us and the member of the cancer

482
00:26:42.440 --> 00:26:45.240
<v Speaker 1>to build the next generation. So it's it's kind of

483
00:26:45.400 --> 00:26:48.599
<v Speaker 1>a luxury for us to have that cancer because we

484
00:26:48.599 --> 00:26:52.519
<v Speaker 1>can do puct product market fits with them before we

485
00:26:52.559 --> 00:26:55.039
<v Speaker 1>actually go to market. So we have a unique advantage

486
00:26:55.440 --> 00:26:58.799
<v Speaker 1>once again, the unique advantage as a platform. You know

487
00:26:58.880 --> 00:27:01.839
<v Speaker 1>too very often ask me what is your different share

488
00:27:02.519 --> 00:27:05.720
<v Speaker 1>as a project, and I say, we are free. We

489
00:27:05.799 --> 00:27:10.519
<v Speaker 1>have technology is very unique, very good, very fast, very secure,

490
00:27:11.519 --> 00:27:17.880
<v Speaker 1>low latency, finality, fair ordering, really really important thing, right

491
00:27:17.880 --> 00:27:20.839
<v Speaker 1>from a technology point of view. We have the cancer,

492
00:27:21.200 --> 00:27:28.079
<v Speaker 1>which is this body of requirements and users for the technology.

493
00:27:28.599 --> 00:27:32.000
<v Speaker 1>So that's our you know, incubator if you want, almost right,

494
00:27:32.359 --> 00:27:35.880
<v Speaker 1>And then we have this decision that was made very

495
00:27:35.880 --> 00:27:39.880
<v Speaker 1>early on by the co founders of Developments and Leomen

496
00:27:41.200 --> 00:27:45.599
<v Speaker 1>just to have a fixed price for the transaction in

497
00:27:45.880 --> 00:27:49.720
<v Speaker 1>US dollar as opposed to encrypto. Right, so the cost

498
00:27:49.720 --> 00:27:52.000
<v Speaker 1>of a transaction fee is always going to be the

499
00:27:52.119 --> 00:27:55.440
<v Speaker 1>same in US dollar. So when your business and you

500
00:27:55.519 --> 00:27:58.319
<v Speaker 1>hear that, you don't care about the value of vegicle

501
00:27:58.680 --> 00:28:02.279
<v Speaker 1>because you're always paying right, So h part was up

502
00:28:02.319 --> 00:28:04.759
<v Speaker 1>and down doesn't matter to you your business case is

503
00:28:04.799 --> 00:28:08.160
<v Speaker 1>still the same, which is very hard to do if

504
00:28:08.200 --> 00:28:13.279
<v Speaker 1>you use another block chain who's using crypto as a

505
00:28:13.319 --> 00:28:16.640
<v Speaker 1>way to pay for tunasaction fees. And that those three things,

506
00:28:17.799 --> 00:28:21.240
<v Speaker 1>the core technology, the cancer and the fifteen dollar are

507
00:28:21.319 --> 00:28:24.039
<v Speaker 1>really the different share for us. It's really really amazing

508
00:28:24.039 --> 00:28:24.480
<v Speaker 1>what we are.

509
00:28:25.640 --> 00:28:30.759
<v Speaker 2>That's amazing, uh and pretty groundbreaking. Specifically that the settlement

510
00:28:31.000 --> 00:28:34.799
<v Speaker 2>is in US dollars versus the crypto asset, very different

511
00:28:34.799 --> 00:28:37.240
<v Speaker 2>from everything out there in the industry.

512
00:28:37.319 --> 00:28:39.480
<v Speaker 1>Yeah, yeah, yeah, yeah, yeah, that's why I'm excited, you

513
00:28:39.480 --> 00:28:41.799
<v Speaker 1>can tell, right. So those three things are so unique

514
00:28:42.079 --> 00:28:45.039
<v Speaker 1>that I know we have a very unique way to

515
00:28:45.079 --> 00:28:48.440
<v Speaker 1>engage with the market. We and and with you know,

516
00:28:48.680 --> 00:28:51.960
<v Speaker 1>a very big and very small organizations like m HM.

517
00:28:52.680 --> 00:28:54.920
<v Speaker 2>Talk to us a bit about the use of AI

518
00:28:55.519 --> 00:28:59.720
<v Speaker 2>and how you envision that fitting into the web three ecosystem.

519
00:29:00.039 --> 00:29:02.519
<v Speaker 2>Will it be used to assist people in those studios

520
00:29:02.559 --> 00:29:04.599
<v Speaker 2>when they are ready to you know, launch a stable

521
00:29:04.640 --> 00:29:06.720
<v Speaker 2>coin or tokenize an asset or whatever it is.

522
00:29:07.000 --> 00:29:09.839
<v Speaker 1>Yeah, that is a lot of ways to think about

523
00:29:09.839 --> 00:29:12.920
<v Speaker 1>AI and drop chain. I usually think about those four

524
00:29:12.960 --> 00:29:15.480
<v Speaker 1>different dimensions. I'm going to go quick. The first one

525
00:29:15.559 --> 00:29:18.880
<v Speaker 1>is it's going to be hard in the future to

526
00:29:18.920 --> 00:29:22.119
<v Speaker 1>trust a single company to do every single I for me,

527
00:29:22.480 --> 00:29:25.200
<v Speaker 1>me as an organization, me as an individual. Some of

528
00:29:25.200 --> 00:29:30.519
<v Speaker 1>the decentralization of an AI solution, I think it's going

529
00:29:30.599 --> 00:29:33.200
<v Speaker 1>to be really really important, right, So you don't have

530
00:29:33.279 --> 00:29:36.200
<v Speaker 1>to trust one single entity on one single government by

531
00:29:36.240 --> 00:29:39.039
<v Speaker 1>the way, to have an ALI solution delivered to you.

532
00:29:39.200 --> 00:29:42.200
<v Speaker 1>That's number one. Number two, as I mentioned earlier, which

533
00:29:42.240 --> 00:29:44.279
<v Speaker 1>is mostly what to be done with the AI studio,

534
00:29:45.039 --> 00:29:47.880
<v Speaker 1>is using rock chain as a trust that your AI. Right, So,

535
00:29:48.079 --> 00:29:51.400
<v Speaker 1>an AI solution, whether it's model and agent, whatever you

536
00:29:51.599 --> 00:29:56.799
<v Speaker 1>know AI you're using, is sourcing data, collecting data, training,

537
00:29:57.640 --> 00:30:01.640
<v Speaker 1>delivering results and those result can actually get used to

538
00:30:02.079 --> 00:30:05.119
<v Speaker 1>for another agent. That's supply chain. But I call the

539
00:30:05.119 --> 00:30:07.880
<v Speaker 1>supply chain of AI needs to be anchored on the

540
00:30:07.880 --> 00:30:10.720
<v Speaker 1>blockchain to be trusted and to be auditable. Right, So

541
00:30:10.759 --> 00:30:13.519
<v Speaker 1>that's the second piece. The third piece is all those

542
00:30:13.559 --> 00:30:16.359
<v Speaker 1>AI agents that we are starting to run and use

543
00:30:16.839 --> 00:30:20.440
<v Speaker 1>every day, almost every day, and almost all of us

544
00:30:21.720 --> 00:30:24.240
<v Speaker 1>will have two exchange value. They're gonna have to pay

545
00:30:24.880 --> 00:30:27.359
<v Speaker 1>each other for a transaction. They're going to have to

546
00:30:27.359 --> 00:30:29.960
<v Speaker 1>buy something from you or sell something from me, and

547
00:30:30.079 --> 00:30:34.000
<v Speaker 1>those activities need to use blockchain technologies because that's been

548
00:30:34.000 --> 00:30:36.960
<v Speaker 1>designed for this exact case. Right. So AI is you know,

549
00:30:37.039 --> 00:30:39.960
<v Speaker 1>staple corn with the first killer. I think AI is

550
00:30:40.279 --> 00:30:43.480
<v Speaker 1>AI agents in particular is the second one. And then

551
00:30:43.519 --> 00:30:45.680
<v Speaker 1>of course you use I as a tool to your

552
00:30:45.680 --> 00:30:48.920
<v Speaker 1>point to accelerate what we do. I think I talked

553
00:30:48.920 --> 00:30:50.680
<v Speaker 1>to my head of a genera and the other day

554
00:30:50.920 --> 00:30:53.160
<v Speaker 1>it was telling me about fifty percent of the code

555
00:30:53.160 --> 00:30:56.440
<v Speaker 1>that we generate now is done buy an AI. Right.

556
00:30:56.880 --> 00:30:58.960
<v Speaker 1>And so our clients are the same, you know, the

557
00:30:59.000 --> 00:31:02.160
<v Speaker 1>big organization on the cancel and beyond. They are also

558
00:31:02.240 --> 00:31:05.880
<v Speaker 1>using AI to accelerate the development of solutions. So everything

559
00:31:05.920 --> 00:31:10.319
<v Speaker 1>acceerates and any everything we need an anchor from a

560
00:31:10.359 --> 00:31:12.279
<v Speaker 1>trust point of view, which is I think where we

561
00:31:12.319 --> 00:31:14.680
<v Speaker 1>play as an industry, not just as there are.

562
00:31:14.759 --> 00:31:18.880
<v Speaker 2>By the way, Yeah, that's really great, and I'm really

563
00:31:18.920 --> 00:31:23.039
<v Speaker 2>excited to see the agentic world and the use of

564
00:31:23.359 --> 00:31:26.480
<v Speaker 2>stable coins and crypto assets and blockchain rails. It's it's

565
00:31:26.480 --> 00:31:29.519
<v Speaker 2>going to be pretty fascinating and the new opportunities that

566
00:31:29.559 --> 00:31:32.279
<v Speaker 2>opens up for people to be entrepreneurs. And I know

567
00:31:32.400 --> 00:31:36.079
<v Speaker 2>folks have been talking about there may be single entrepreneurs

568
00:31:36.119 --> 00:31:40.640
<v Speaker 2>who are running a team of AI agents and they're billionaires.

569
00:31:40.400 --> 00:31:41.480
<v Speaker 2>It's it's fascinating.

570
00:31:41.680 --> 00:31:43.880
<v Speaker 1>Yeah, I think that was family said that, right, you

571
00:31:43.960 --> 00:31:46.319
<v Speaker 1>said the next next billionaire is going to be a

572
00:31:47.440 --> 00:31:50.640
<v Speaker 1>kid in a garage running a company with a bunch

573
00:31:50.680 --> 00:31:53.799
<v Speaker 1>of AI agents working for him or her. Yeah.

574
00:31:53.920 --> 00:31:55.200
<v Speaker 2>Yeah, it's so fascinating.

575
00:31:55.839 --> 00:31:56.359
<v Speaker 1>I'm curious.

576
00:31:56.359 --> 00:31:57.839
<v Speaker 2>Well, what's on your roadmap? You know, what can we

577
00:31:57.839 --> 00:31:59.599
<v Speaker 2>expect from hash grafh in the coming ones?

578
00:32:00.119 --> 00:32:05.279
<v Speaker 1>Wow? Do you have an hour in front of you? Well,

579
00:32:05.319 --> 00:32:08.400
<v Speaker 1>I mean maybe across the different dimensions of what we

580
00:32:08.440 --> 00:32:10.480
<v Speaker 1>do right we are we are planning on expanding the

581
00:32:10.519 --> 00:32:14.480
<v Speaker 1>cancer adding more cancer members, which is always exciting because

582
00:32:14.799 --> 00:32:17.559
<v Speaker 1>that's validation for us. But it's also more use cases

583
00:32:17.599 --> 00:32:21.920
<v Speaker 1>and more ways to build new things for our cancer members.

584
00:32:22.079 --> 00:32:25.240
<v Speaker 1>So that's one dimension that I'm excited about. We don't announce,

585
00:32:25.960 --> 00:32:27.720
<v Speaker 1>you know, in advance we're going to be on the

586
00:32:27.720 --> 00:32:29.680
<v Speaker 1>cancer so I cannot talk too much about this, but

587
00:32:29.720 --> 00:32:33.599
<v Speaker 1>we have a very strong pipeline from a technology point

588
00:32:33.599 --> 00:32:36.559
<v Speaker 1>of view. If sure the developer, I invite you to

589
00:32:36.599 --> 00:32:39.279
<v Speaker 1>look at blockstream and block nodes, which is the next

590
00:32:39.359 --> 00:32:44.119
<v Speaker 1>generation of the infrastructure around the consensus and the talken

591
00:32:44.240 --> 00:32:47.000
<v Speaker 1>service that we have on there are those are really

592
00:32:47.039 --> 00:32:50.559
<v Speaker 1>exciting innovations that are coming out now as we speak,

593
00:32:51.400 --> 00:32:54.319
<v Speaker 1>and we have you know, a lot of activities beyond that.

594
00:32:54.359 --> 00:32:58.960
<v Speaker 1>We have a protocol that given beds of one of

595
00:32:58.960 --> 00:33:01.799
<v Speaker 1>the co founders of it, there are uh uh is

596
00:33:01.839 --> 00:33:05.559
<v Speaker 1>working on which is to interoperate between two different blockchain

597
00:33:05.640 --> 00:33:08.160
<v Speaker 1>without the lead of a bridge. Right. So so now

598
00:33:08.799 --> 00:33:11.119
<v Speaker 1>now we go, we go to from a world where

599
00:33:11.640 --> 00:33:16.039
<v Speaker 1>bridges are becoming the central checkpoint of that world to

600
00:33:16.240 --> 00:33:20.039
<v Speaker 1>becoming to remove them from the picture, because that technology

601
00:33:20.599 --> 00:33:23.039
<v Speaker 1>can enable two different broad chains to talk to each

602
00:33:23.079 --> 00:33:27.000
<v Speaker 1>other without the need of a of a central party, right,

603
00:33:27.240 --> 00:33:30.720
<v Speaker 1>which is more in line with the spirit of blockchain, right,

604
00:33:30.720 --> 00:33:33.799
<v Speaker 1>the the centralization spirit of broad chain. So that's that's

605
00:33:33.839 --> 00:33:37.279
<v Speaker 1>also very exciting, right, and it's exciting to me as well.

606
00:33:37.480 --> 00:33:40.480
<v Speaker 1>Is what we talked about studio earlier on the on

607
00:33:40.559 --> 00:33:44.240
<v Speaker 1>the on the podcast. Here is the expansion of those

608
00:33:44.240 --> 00:33:48.799
<v Speaker 1>studios to cover additional geography. For example, the Condulation Studio

609
00:33:49.240 --> 00:33:52.720
<v Speaker 1>is expanding beyond the traditional places where we've been building

610
00:33:53.640 --> 00:33:58.319
<v Speaker 1>right in Dubai, Singapore, or the US, Europe, London, many

611
00:33:58.319 --> 00:34:01.359
<v Speaker 1>other places in the world where that the coorganization studio

612
00:34:01.359 --> 00:34:07.559
<v Speaker 1>will become Availibler. So yeah, really really exciting time across

613
00:34:07.559 --> 00:34:11.079
<v Speaker 1>the board, across the topic. So now if you're interested

614
00:34:11.079 --> 00:34:12.559
<v Speaker 1>in any of this, you know, let me know to

615
00:34:13.039 --> 00:34:16.360
<v Speaker 1>join us because we need more people all the time. Yeah,

616
00:34:16.440 --> 00:34:17.320
<v Speaker 1>oh absolutely.

617
00:34:18.199 --> 00:34:21.559
<v Speaker 2>And then you know, in regards to the larger market,

618
00:34:22.000 --> 00:34:25.079
<v Speaker 2>we've seen the Genius Act get passed for stable coins,

619
00:34:25.079 --> 00:34:27.000
<v Speaker 2>we get the Clarity Act coming up. You know, I

620
00:34:27.039 --> 00:34:29.320
<v Speaker 2>love to get your perspective on what this means for

621
00:34:29.519 --> 00:34:33.239
<v Speaker 2>hadera hash graft and uh, you know, innovating and building

622
00:34:33.519 --> 00:34:35.880
<v Speaker 2>now that we are in a much more favorable environment.

623
00:34:36.280 --> 00:34:39.280
<v Speaker 1>I think it's abusive, it's of It's fantastic for US

624
00:34:39.360 --> 00:34:41.880
<v Speaker 1>as an industry right to have clientie. From a regulatory

625
00:34:41.920 --> 00:34:45.159
<v Speaker 1>point of view, I can't wait for the Genius Act

626
00:34:45.159 --> 00:34:47.760
<v Speaker 1>to pack because that's going to give us, not the

627
00:34:47.760 --> 00:34:51.159
<v Speaker 1>Genius aide the CLIITI happ into paths because the Clarity

628
00:34:51.239 --> 00:34:54.280
<v Speaker 1>Act is really about Clarity, is about giving us a

629
00:34:54.360 --> 00:34:59.360
<v Speaker 1>clear position on what we can expect from a regulatory

630
00:34:59.400 --> 00:35:03.800
<v Speaker 1>point of view. We've been historically very conservative and very

631
00:35:03.840 --> 00:35:08.000
<v Speaker 1>good too with the regulator. We are US based project

632
00:35:08.039 --> 00:35:10.960
<v Speaker 1>for technologists, right, we are a US based project in

633
00:35:11.039 --> 00:35:16.199
<v Speaker 1>crypto and because of that, We've been very, very engaged

634
00:35:16.199 --> 00:35:19.039
<v Speaker 1>with the regulators over time and very consistent with what

635
00:35:19.159 --> 00:35:22.639
<v Speaker 1>they were acting us to do. We are the adults

636
00:35:22.639 --> 00:35:25.159
<v Speaker 1>in the room again, right from a regular great point

637
00:35:25.159 --> 00:35:28.880
<v Speaker 1>of view as well, and so that's that's really important

638
00:35:28.880 --> 00:35:32.119
<v Speaker 1>to get Clilie. What's also interesting is that it creates

639
00:35:32.159 --> 00:35:35.440
<v Speaker 1>additional energy for our clients. So our clients now are

640
00:35:35.480 --> 00:35:38.559
<v Speaker 1>coming back and saying, you know, stable pointing now we

641
00:35:38.559 --> 00:35:41.360
<v Speaker 1>have genius acts. I'd love to hear how I can

642
00:35:41.440 --> 00:35:44.159
<v Speaker 1>benefit from your platform. You have a stable pond studio.

643
00:35:44.599 --> 00:35:46.840
<v Speaker 1>What can I do with this? Right? They hear that

644
00:35:46.920 --> 00:35:49.119
<v Speaker 1>in the news. They don't really kind of know yet

645
00:35:49.239 --> 00:35:52.519
<v Speaker 1>how they can benefit from this, and we prive away.

646
00:35:52.559 --> 00:35:55.000
<v Speaker 1>We say, okay, let's build one in you know, next week,

647
00:35:55.320 --> 00:35:58.119
<v Speaker 1>and then we can see how it works. Right. The

648
00:35:58.239 --> 00:36:00.960
<v Speaker 1>lot of the fact that they can they can enable

649
00:36:01.039 --> 00:36:03.639
<v Speaker 1>their business to use a new stable command or and

650
00:36:03.719 --> 00:36:09.079
<v Speaker 1>you tocnize cash to tognize deposits UH in their in

651
00:36:09.119 --> 00:36:13.519
<v Speaker 1>their business. So Clyde is good. Regulatory client is always good.

652
00:36:14.440 --> 00:36:18.239
<v Speaker 1>I think it's interesting that the bigger picture, it actually

653
00:36:18.280 --> 00:36:22.159
<v Speaker 1>rebalances the activity around blockchain and web three a little

654
00:36:22.159 --> 00:36:24.000
<v Speaker 1>bit more back to the US because of that, So

655
00:36:24.079 --> 00:36:27.239
<v Speaker 1>this is you know, good good for the US economy

656
00:36:27.239 --> 00:36:29.480
<v Speaker 1>in the US innovation. Yeah. You know.

657
00:36:30.079 --> 00:36:32.760
<v Speaker 2>Funny you mentioned, you know, the move to Web three

658
00:36:32.840 --> 00:36:35.480
<v Speaker 2>because for a while we've been hearing Web three, Web three,

659
00:36:35.559 --> 00:36:39.760
<v Speaker 2>but we haven't seen the bridges built for people to

660
00:36:39.840 --> 00:36:42.159
<v Speaker 2>start to move over to Web three from Web two.

661
00:36:42.400 --> 00:36:45.679
<v Speaker 2>But I think with regulation in places, I think you'll

662
00:36:45.679 --> 00:36:47.440
<v Speaker 2>start seeing the mass accidents, so to speak.

663
00:36:47.440 --> 00:36:50.760
<v Speaker 1>Back to yeah, and and developers, right, so developers are saying,

664
00:36:50.840 --> 00:36:53.480
<v Speaker 1>so before I was taking a risk by joining Web

665
00:36:53.519 --> 00:36:55.159
<v Speaker 1>three because I don't know what's going to happen to

666
00:36:55.239 --> 00:36:57.679
<v Speaker 1>this industry, right, maybe it's going to be a criminal

667
00:36:57.719 --> 00:37:00.440
<v Speaker 1>industry in the future. Now they say the risk is

668
00:37:00.519 --> 00:37:03.559
<v Speaker 1>much lower, So now I can invest my time in

669
00:37:03.679 --> 00:37:06.679
<v Speaker 1>building on the top of it. There are and support

670
00:37:06.719 --> 00:37:10.719
<v Speaker 1>this ecosystem. I think that it's across the world. It

671
00:37:10.800 --> 00:37:13.440
<v Speaker 1>is really important to get that level of energy instruction

672
00:37:14.239 --> 00:37:15.079
<v Speaker 1>in our industry.

673
00:37:15.280 --> 00:37:18.199
<v Speaker 2>Yeah. Absolutely, And I can't wait to see the innovation

674
00:37:18.599 --> 00:37:20.360
<v Speaker 2>and the building that comes out of it. You know,

675
00:37:20.400 --> 00:37:23.239
<v Speaker 2>you mentioned the impact on the economy, lots of jobs

676
00:37:23.280 --> 00:37:25.199
<v Speaker 2>being created, a lot of wealth and things like that.

677
00:37:25.360 --> 00:37:27.480
<v Speaker 2>So it's exciting times.

678
00:37:27.719 --> 00:37:30.679
<v Speaker 1>It is. It is you know I've been in this industry,

679
00:37:30.679 --> 00:37:33.079
<v Speaker 1>as I said, for twenty years now. I've hit very

680
00:37:33.119 --> 00:37:35.519
<v Speaker 1>old in this industry twelve years in a long time.

681
00:37:36.159 --> 00:37:39.480
<v Speaker 1>But I was excited that when I started. You know,

682
00:37:39.880 --> 00:37:43.000
<v Speaker 1>it's it's just it's giving me a lot of energy,

683
00:37:43.039 --> 00:37:45.840
<v Speaker 1>a lot of reasons to continue to build and continue

684
00:37:45.880 --> 00:37:50.440
<v Speaker 1>to change the way we operate as businesses that individuals.

685
00:37:50.880 --> 00:37:52.400
<v Speaker 1>It's really really an exciting time.

686
00:37:52.639 --> 00:37:55.119
<v Speaker 2>Great stuff, Eric, I got some wrap up questions here

687
00:37:55.159 --> 00:37:58.159
<v Speaker 2>for you. First, if you could create your own metaverse,

688
00:37:58.199 --> 00:37:58.679
<v Speaker 2>what would.

689
00:37:58.519 --> 00:38:01.400
<v Speaker 1>The theme be, Oh, we haven't told about me metaverse?

690
00:38:01.400 --> 00:38:06.599
<v Speaker 1>You wi right? Yes, you're right. I would create a

691
00:38:06.679 --> 00:38:12.519
<v Speaker 1>metaverse to visit all the different amazing places on the planet.

692
00:38:12.800 --> 00:38:14.360
<v Speaker 1>All right. So I would love to be able to

693
00:38:14.400 --> 00:38:18.400
<v Speaker 1>go to visit, you know, places in Italy, in Thailand,

694
00:38:18.599 --> 00:38:22.079
<v Speaker 1>in Japan without a bit to travel for like a

695
00:38:22.159 --> 00:38:23.840
<v Speaker 1>the a half to go there and that I have

696
00:38:23.960 --> 00:38:25.599
<v Speaker 1>to come back. I would love to be able to

697
00:38:25.639 --> 00:38:25.880
<v Speaker 1>do that.

698
00:38:26.519 --> 00:38:30.480
<v Speaker 2>Yeah, same here, rapid fire questions. Favorite food.

699
00:38:30.840 --> 00:38:35.920
<v Speaker 1>Oh ah, and that's odd, As you know. I I

700
00:38:36.199 --> 00:38:39.159
<v Speaker 1>on one dish that I really like because my grandmother

701
00:38:39.239 --> 00:38:44.960
<v Speaker 1>and my mother were cooking. That is a dish from

702
00:38:45.239 --> 00:38:48.880
<v Speaker 1>North Africa. It's called coss coats, So it's it's costs

703
00:38:48.880 --> 00:38:51.960
<v Speaker 1>courts in the in the US means the grain itself,

704
00:38:52.079 --> 00:38:55.719
<v Speaker 1>but in Europe and in North Africa it's a dish

705
00:38:55.800 --> 00:38:59.840
<v Speaker 1>with meat and vegetables and fantastics. And of course my

706
00:39:00.000 --> 00:39:02.360
<v Speaker 1>grandmother very nice.

707
00:39:02.800 --> 00:39:05.039
<v Speaker 2>Favorite musician or bad I am.

708
00:39:05.079 --> 00:39:09.280
<v Speaker 1>I am an old school I love Frank SINATURA favorite movie,

709
00:39:09.599 --> 00:39:10.800
<v Speaker 1>Oh that's too loud?

710
00:39:14.800 --> 00:39:16.880
<v Speaker 2>Or maybe the most recent movie you saw that was

711
00:39:16.960 --> 00:39:17.840
<v Speaker 2>that you thought was good.

712
00:39:18.159 --> 00:39:24.599
<v Speaker 1>I like Broadway shows and so I like the musics, right, so,

713
00:39:24.599 --> 00:39:29.360
<v Speaker 1>so yeah, I would keep one. Wicked, I love I

714
00:39:29.400 --> 00:39:32.400
<v Speaker 1>love Wicked for the Broadway show. The movie too, but

715
00:39:32.480 --> 00:39:35.239
<v Speaker 1>the Broadway show was the first thing I got exposed to.

716
00:39:35.320 --> 00:39:38.480
<v Speaker 2>I would say, yeah, yeah, my wifriend and I saw

717
00:39:38.519 --> 00:39:39.440
<v Speaker 2>that two years ago.

718
00:39:40.480 --> 00:39:45.000
<v Speaker 1>Favorite book I like sig you know, start with why work?

719
00:39:45.159 --> 00:39:48.639
<v Speaker 1>Because it forces you to stand back in your life

720
00:39:48.840 --> 00:39:52.360
<v Speaker 1>and say, yeah, what am I doing here? Right? Why

721
00:39:52.400 --> 00:39:53.360
<v Speaker 1>are we doing this?

722
00:39:54.039 --> 00:39:54.119
<v Speaker 2>So?

723
00:39:54.199 --> 00:39:56.719
<v Speaker 1>I like I like that book from a business point

724
00:39:56.800 --> 00:39:58.800
<v Speaker 1>view and a reflection set reflection in front of.

725
00:39:58.800 --> 00:40:00.440
<v Speaker 2>You, And I think I know the end to this.

726
00:40:00.559 --> 00:40:02.119
<v Speaker 2>I think it might be tennis. But what do you

727
00:40:02.159 --> 00:40:03.920
<v Speaker 2>like to do for fun when you're not working?

728
00:40:03.920 --> 00:40:09.159
<v Speaker 1>It is. It is tennis. Yeah. I love playing, love watching,

729
00:40:09.360 --> 00:40:12.400
<v Speaker 1>love going to the US Super and we just did

730
00:40:12.880 --> 00:40:16.280
<v Speaker 1>last weekend with my wife. Yeah, Pennis for sure.

731
00:40:16.599 --> 00:40:20.079
<v Speaker 2>Awesome. Eric, pleasure chatting with you, and I'm really excited

732
00:40:20.119 --> 00:40:23.000
<v Speaker 2>for their future updates around Hashgraff and Hidera. Would love

733
00:40:23.039 --> 00:40:24.719
<v Speaker 2>to have you back on. But thank you so much

734
00:40:24.719 --> 00:40:25.239
<v Speaker 2>for joining me.

735
00:40:25.880 --> 00:40:27.840
<v Speaker 1>Thank you, thank you for having me. Looking forward to

736
00:40:27.840 --> 00:40:42.599
<v Speaker 1>the next one.