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Okay. Hello, everyone. Welcome to the first instalment of iota insights. I’m Iota Insights is a Siri’s that the foundation is putting together in order to, ah, bring some more flavour and a better understanding to a lot of the different initiatives and different strategies that we’ve been working on over the past couple months, especially as I would’ve becomes a you know, an international organisation and a true standard in the In the Blockchain and distributor technology stack. We think it’s really important that were really communicating a lot of the different programmes that we’re working on, not only so that you’re aware of them, but you know, there’s even a possibility that you might want to engage in and participate with us. So we’re really excited to launch the first episode and hopefully a long Siri’s. The format goes right. We’re gonna have four different insights today covered by Ford from people in the foundation. So I’m gonna be covering digital infrastructure. We’re gonna have Matthew Yarder talking about smart cities. We’re gonna have a richer and solely talking about standardisation. And we’re gonna have Dominic Shiner talking about the future on probably some exciting updates there. So From my end, I’m gonna really start with digital infrastructure. And for those of you that are probably wondering why this is anything to do with launch technology, I think that’s why this conversation is kind of interesting. One. Have you ever been to block chain events or in forums? And you’ll sometimes hear investors say that they are focusing on the infrastructure? Both of the Blockchain stack is actually not what I’m talking about. I’m talking about true infrastructure assets like physical assets in you know, your city in your country, In your environment, it’s an enormous opportunity. And it’s something that I was starting to look at very seriously as we expand not just geographically but across the different verticals that we’ve been focusing on, right? So there was a report from Price Waterhouse Cooper that stated that one point seven trillion dollars has been invested in infrastructure assets in two thousand ten, right? That’s an incredibly large number, and it’s only starting to grow as more is on the continuing to grow as private capital is coming in on looking to engage in this asset class because they say it is a very low risk and relatively high return for the risk profile that they’re looking to engage it. So what? I mean when I say infrastructure, right talking about roads, water systems, energy grids These are all physical infrastructure that has been built up either over the past couple decades. Or maybe they’re being retrofitted. But new capital is looking to be deployed so they can s so they can build up this infrastructure. Now there’s a subclass infrastructure called digital, and you kind of look at this in a couple different ways, right? There’s trying to connect physical assets together, right? So how are these? As everything becomes increasingly more digital, how does the water system talk to? Maybe you know, a component of a smart city Or how does the energy grid communicate with all of the houses? You know, in a neighbourhood, as we become more digital, I think we need to start asking, what systems are we gonna use to make these assets more digital? And that’s really where digital infrastructure comes in, right? And the need for there’s gonna be Data center’s fibre, connexions and reliably reliable connective is only gonna need to increase as thes assets come online. If you will and these cities become so you can kind of look at it is transforming physical infrastructure by adding sensors by deploying Io ti hardware so that these infrastructure assets can communicate with one another. Maybe send data to, ah, centralised location. And this is why I think infrastructures such an interesting use case for iota right? There’s a lot of the things that we’re trying to solve. Right Security, safety, interoperability between hardware and humans, software, physical devices. Um, these are some things that were all trying to solve right now, using the protocol and being able to apply this to an area that is looking for a solution, I think is really exciting. So right, So there’s a lot of different use cases, and I think, really the biggest one has to do with with the safety and security of these systems. It’s one thing to have, you know, a for profit kind of centralised entity controlling these systems. Maybe it’s close or software. It’s one thing if it’s a you know, Web app on your computer, but it’s quite another. If it’s a critical piece of infrastructure that could, you know, help water get from one part of the scene to the next s. So I think that I owe It is really a great use case for that, um, and could really support a lot of the progress that we’ve been seeing. So we’ve got that and we’ve also got security, right? Are building off of that. We don’t create these notes the single point of failure. So if someone you know hacks into one, you know, component of, ah, infrastructure project and if it’s a centralised system, you could hypothetically get into the whole city and wreak havoc, whereas with a decentralised system like Iota, you have these decentralised nodes, as we all know, and it would be increasingly difficult to do that. So there are all these corollaries between kind of what I was looking to provide and the problems that infrastructure is our instructor, investors, infrastructure developers are facing as they try and digitise a lot of these systems. So I think the question becomes, How are we you thinking of engaging in this space where there’s a couple different ways? We found that infrastructure investors are constantly looking for kind of the next big thing for a technology that will really help their portfolio grow and sustain itself. So, you know, we’ve started having early conversations with ah couple actors in this space to see if they’d like to partner with us. And that’s very exciting on we’ve seen, um, we’ve seen not only an appetite but a real understanding of where iota fits into the technology stack of a physical infrastructure ecosystem, if you will. The other one, too, is infrastructure developers, right? Similarly, there these developers that air going in building these roads, building toll booths, building, you know, energy grids that are looking for solutions, whether they’re in developed countries or developing nations. So we’re looking to partner with them as well to see how can we use iota to create a secure, safe and interoperable systems? Ah, across the world. And that’s been really well received as well. And then which you know something. That the yard is going to speak to you, which I’m really excited about, is potentially even funding some of these public, private and smart city and issues that we’ve been actively focusing on right because there’s so much capital. Like I said, there’s one point seven trillion that’s been invested infrastructure assets in two thousand ten. There’s so much capital just waiting on the sidelines to invest in smart city projects to invest in digital asset, our digital infrastructure projects. There’s actually not enough projects, at least in the States. I’d have to imagine around the world actually handle all of the capital that wants to be deployed. So, you know, partying with these projects to maybe even ah, not invest, but deploy capital to iota projects could be a great weight. Oh, scale up quicker to engage a whole new vertical right, the infrastructure community on build these allies in this space that we’re looking at you, the play billions and billions and billions of dollars. So that’s another really cool way that we can engage with this community. The other one, I’d say, too. And this is a kind of interesting way that we can incorporate the token into a lot of the work that we’re doing eyes thinking about, you know, all the all the work and research that we’ve gone into, like data marketplaces and how we can decide I’ll owe this data and actually make it usable for people, not just individuals, corporations and governments. You know how can. How can we support data being sent back and forth between these different participants? And how do they do it in a safe, transparent way where they can exchange value for it? So we think that maybe even data as a new revenue stream could be really exciting for infrastructure investors, and this is probably for some of them that are a little more forward thinking. But they really like the idea that they can have a kind of asymmetric revenue stream that’s different from the very regulated types of revenue that they can receive from a infrastructure investment. So it’s cool, right? It’s possible that we could created an entirely new ah revenue model for infrastructure investors. It’s also possible that using their two token, we could fund on DH, actually peg revenue to, you know, a project in a developing country that might not be able to receive funding because there might not be any, you know, clear revenue that could come from, you know, developing a well are developing a road, maybe in some remote part of the world. So we’re really excited about that. We think that the token can really support that, too, and That would be a really good incentive for again these large infrastructure investors to not only use the protocol, but two, maybe even hold the token and participate in our ecosystem. So we’re really, really excited about that, and we’re continuing to explore that with people on different organisations. So before I close, you say one more thing. I’ve been talking about this quite often, and I’m sure people gonna be frustrated everyday, but one of the biggest use cases for I owed, I think in all of these systems it really comes back to what the incentives are of these systems, right? Like who is making a asked you what and why? And one of the reasons that I got into technology in the first place, as I was fascinated with how different tech systems would make people do certain things depending on how they were designed, how they look, how they felt on it was fascinating. And I ended up working in that domain for the first couple years of my career s. So this idea of incentives has always been fascinating to me, and I came across this book recently called The Age of Surveillance Capitalism and If you haven’t ready, I highly recommend it. It’s by this author. Shoshana’s do both, and she talks about this idea that, you know incentives of these applications that are being built are really going to run our lives in ways that we can’t imagine. Um, if you ever heard of the saying If you’re not paying your the product right, she actually says That’s a misconception that often they’re these big social media companies that will that will, you know, give us something for free. But then they’re paying their packaging us up into a product. Been selling us a ZA product to advertisers or other kind of dad emergence, she says. It’s actually worse than that. It’s not that we’re the product. It’s that were actually the raw material that gets generated. Uh, that’s being generated to create these products. Now why’s that distinction important? It’s important because the personalisation of products moved from Let’s take data from people so we can make better products about them. Two. How do we create products that churn out better types of data so that we can make more money off them? So is really how do we do things that make people act in certain ways that are more valuable to us right now. I know I’m kind of rambling here, but when we look at, you know, social media, we look at Web. Perhaps it might be one thing. Ah, and you know, we might have one feeling or another, but it’s quite another when we start thinking about physical spaces and this is where we get back to digital infrastructure, who do we want controlling the communication pipelines going through? Our city’s going through. Our town’s going through our houses. Do we want them to be for profit companies? Do we want them to be an open source distributed ledger like Iota? We think that the latter obviously makes a lot more sense. We think that it actually opens up a lot more opportunities for innovation and entrepreneurship, right? Everyone has control of their own data and ownership of it. You can actually build applications and services that cater to that data. You can use these data marketplaces in AA and in a clear away, and then the incentives of how we participate in these cities doesn’t become models, right. Like if a for profit company works with the city to create a smart programme. Who knows what they’re optimising for, right? Are they optimising for the health of the citizen or the performance of I don’t know the performance of the citizen throughout the day or to make more money, right as the city around the company and we’re already seeing use cases or seen cases with this is starting to happen, and I think the alarm bells are starting to go off. So, you know, we’re talking to these infrastructure investors are and these infrastructure companies, and they’re starting to see and really understand that that’s a value proposition that they need to make very clear, you know, to their citizens and their partners as they’re engaging and starting to build out thes businesses. So kind of too close digital projectors really exciting. I think that it brings together a lot of the different areas that were focusing all right, on smart cities on supply chain on io ti, and it’s just another sub domain that we can attack and, you know, build up this really strong partner network. So, you know, if you are involved in the space or engaged and you want to reach out to us. Feel free. I sent out a note in our discard. I’ve already had a couple people reach out saying that they want to participate in some ways. So it’s really exciting. I think it’s a really great way to broaden out. I owed his use case, and it really makes us just It shows how unique we are as a project, right? Like there’s not many projects that can do what I can do in the space in a smart city space. But this is just another example of where our technology is being built from the ground up. Dax Jenny used so very excited about that. Um, and with that, you know, but rambling about fifteen minutes, I will hope move onto Matthew Yarder who’ll be taking on the next insight. We’re going to be focusing on smart cities. I’ll let him introduce himself, and I let him share what he’s been up to. Hey, everybody, how’s going S o? I’m a three yarder. I am transitioning into my new role as the head of sparse cities on, and I think this is gonna be a really fruitful session for us here, so I want to start out by framing what the definition of a smart citizen, the iota context. There’s a lot of different examples of what a smart city is. It’s. It’s a term that’s been around for quite a while, and we’ve been working to bring it to call a fruition over the last few decades in the technology industry as a whole. From the other perspective, it’s about enabling regulators to make decisions that impact the citizens in a way that they needed the impact and that is inefficient to the citizens. There is from a market perspective, there’s different verticals that come to fruition and a smart city. So we’ve got many of these, of course, through mobility, energy, health were working in the digital identity. Spectre now been doing a lot of research of that last year to figure out how to create activity solutions on the framework for citizens and to create some of these citizen ID mechanisms. Andi started talked to a lot of cities and establish our presence in a lot of different cities. So what we’ve seen and what I’ve seen personally talking to a lot of these regulators, I talked to different directors of different apartments, mayor’s international, federal and local and state regulators in multiple context. But a lot of times they’re looking for those organisations that they can trust. And I think we’ve situated yourself really well. They responded really well to us because we’re not profit and we’re open source and we’ve made the initiative to be completely transparent and as you’ve seen just over the last few years, hopefully it’s become more and more evident that we’re really trying to be more and more transparent by having more open discussions on our discord, with their developers and our researchers taking the blueprints that we have and pushing the mounting, these air, the projects that we worked on with private public organisations. And this is how I can replicate those with the building blocks that we’ve created in trying to make that ecosystem grow through a smart city context in a project context S o the cities of responded really well of this. It’s turned out really great toe where they’ve started to trust us, and they’ve started to understand that we’re here to help them and benefit them. Andi, help them make informed decisions because we’ve all seen it in multiple context where you’ve got an organisation or a regulatory body that pushes a law into instance. And there’s outrage because it was kind of design in a bubble and the people didn’t have the input that they wanted to on it. And if the regulators would have from Connexion with their citizens in the residence, they could have been a different route. We’re trying to enable that we’re trying to enable these regulators to make these informed decisions. Teo benefit their residents and populations and the best way that they can. Um so it’s really about making that impact on residents and making the impact from a smart city context on DH. With us coming through that transparency mechanism, it’s really worked out really well. Some of the for examples we could throw out here our partnership with City of Austin and our partnerships with the City of Taipei. We’ve also got multiple partnerships working and throughout Europe with Trondheim in Limerick. In this the exchange initiative, um, and from the strategic perspective, I think it’s important to know each city has a different definition of what a smart city is as well. For instance, in Austin, we’ve seen very heavy focus on mobility. Austin is growing at an exponential rate. We get two hundred fifty new residents almost every single day. It’s been ranked the number one city in the US living for three years in a row, and it’s it’s not changing any time soon. That’s right, centrally located. And that’s where I’ve been putting a lot of my focus, yes, but I also speak international force. But they want to take what we’ve created with the tangle and the ultimate vision is another book that you could possibly recall, that zero Marginal Cost Society by Jeremy Rifkin, where he talks about a collaborative Commons. And it’s a convergence of thes three technologies that create the essential backbone for what a city is this telecom, communication, infrastructure, energy and mobility. Energy supplies, water and moves water. It supplies mobility. And once these three come together, you have a collaborative comments that reduces overhead for a city and evils data propagation throughout the city and allows people to seamlessly work together in a frictionless environment. Austin is very keen on enabling this from ability perspective. Taipei has been working with us really well and identity, and one of our ecosystem Cos the labs has been a very strong representative of our capabilities throughout Taipei and they’ve been doing great work and we should we show them extensive gratitude because they’ve been so interacted with us on DH. I think that’s something to point out from the city perspective is that if you want to go something on Iona and you want to be part of our ecosystem, please come to us. We’ll help. You will advise you on how to get started. We have our ecosystem grants to hope. You start up your organisations and build solutions because we can’t do everything by ourselves. And we really want to foster that ecosystem in a city context and international context that allows people in organisations to grow and flourish and make a difference in making impact. I think that covers pretty much everything I have today, though, so and if you don’t have anything else to add, yeah, I think that’s great. There’s a really interesting questions that are coming up around smart cities. But wait for the end and I think you’ll be very, very helpful there. Um you know, I think that’s that’s great. Thank you, Matthew. So up next. We have Richard solely. I don’t think many people. I think they might have heard Richard’s name, but I don’t know. Many people have have actually heard him Seeker heard have the incredible work he’s doing with for the foundation. So that further due, I present Richard solely and he can talk about its background, and the work is burning a cross. Sure, thanks, Stan. This is Richard solely chairman and CEO of the object that is the group and just as relevant. I am the executive director of the largest Internet of industrial Internet of Things organisation, called the Industrial Internet Consortium. But let me give you a little bit of background. I think it’s relevant, especially relevant to our foundation. Besides being a Aah besides being, ah, not for probably a person who’s been, ah, not for profit foundation to thirty years. For more than forty years, I’ve been involved in various standards and learned a lot about how the international sentence were world works and seen it change over the last few years between international standards and international open source. And I think there’s a lot of confusion about what open source means in terms of making a standard what standard open standard means. In terms of open source, they’re different things. Open source, of course, is just a way to develop software and other foundation does a fantastic job of opening its technology so that anyone can use it at any cost. That doesn’t make it a standard you can. If you want to implement iota yourself, you’re not used. The open source implementation. You’re going to be implementing it without a standard and and the the open source contains what would be valuable would be the business standard and open source. My background is twenty years of starting companies, five or six companies in the artificial intelligence base. In since nineteen eighty nine, I’ve been with the Object Management Group, one of the largest software standards organisations in the world. You probably haven’t heard of us, so I’m just, you know, maybe probably have heard the name O m G. Um, but you probably have heard of some of the things that we’ve done over the years. The corporate standard for ah, middleware Interoperability was the first time that we built in nineteen ninety. We’re pretty well known from the mid nineties. Developing the UML centre Unified modelling language. But it’s true that if you use an a t m Elektronik Aah! Aah! Automated teller machine. Move cash from one bank to another bank If you use, uh, if you fly in European airspace and your and your plane goes from one a traffic control centre to another if your information moves from one American hospital to another if you if you were involved in any way in NATO weapons or Australian ship, it’s Japanese or Korean weapons used our standards. And in fact, every retail point of sale system in the world used his own defenders. Today. For the last five years, we’ve also run something called the Industrial Internet Consortium, which builds a large Internet industrial Internet of things on solutions to try to learn how to do it. We always started with that point of view that said, people don’t know howto build industrialised solutions. So let’s just do it. We’ll make mistakes. Some of those were working. Some of those won’t work, but we learn how to do it and we’ll capture that information will make it available through our White Papers on and Webinars and seminars, but also through our resource hub. It allows you to take something about the project that you’re building and what results from the Industrial Internet consortium might be relevant to what you’re doing. One of the things that was made been missing in II since the very beginning was away through very cheaply supply. Distributed Ledger Technologies The Lt Technologies guilty between the devices that Ben’s talking about not only smart city devices that manufacturing devices and healthcare devices, smart cities, that smart buildings and energy devices and so forth. So about two years ago, I spent quite a lot of time. I have a background in computer science looking at all the day of the solutions, some of the best known ones. Of course, they’re Blockchain and Ethereum. I said. I looked at these things and I thought, Oh, my goodness, they haven’t solved this problem. They haven’t really thought about this problem. They have a very extremely, though, are, ah, transaction rates. Transaction rates are seeing we’re in the single digits, and we had just done a major project seven hundred thousand transactions of second making the second largest transaction organisation financial transaction organisms in the world. And where’s the download sizes in the hundreds of gigabytes. That’s not going to work in the IOC devices that some of these devices I mean, some of these devices refrigerators with complete operating systems, some of these devices of dust in a field. I said, There’s no way this is going to work And I had given up on Deal T completely until I happened to run into a shared friend some next dinner. About a year and a half ago. We were hearing from him in a minute, and he told me about the IOTA Foundation and the either technology and pointed out that the residue the download sides could be much smaller in the tens of megabytes that the ah ah, the train’s actually rate could be in the millions of transactions per second. And you could actually solve some of these problems if you have a deal t that design to deal with in machine. To me, Jean Transactions has got me excited. Excited enough. I’ve joined the supervisory board off the Odour Foundation, in addition to my current jobs, is the chairman and CEO of the Object Medicine Group and the executive director of the Industrial Engineer Insertion I think it’s important because it says something about the iota technology as opposed to other deal teas. It’s ready for use. It’s something that can be done now. And this is what I mean by that. If you look at the history of technology, Onda confusion I was talking about before between open source and open standards when open centred started coming in with Apache Foundation and similar organisations. They they people said Well, we have open source, we don’t open standards But if you wanted to build a closed implementation that enter operated with Apache well, good luck because there was no standard at the time and there still is no standard. But it’s one thing that I’ve seen every time and time again. And that is if you have an open source that is implementing an open standard or rather the other way around an open standard for open source project. You look positively when you can’t possibly every single every single technology that is open source and open standards at the same time has been ous. One has been used, has been applied, has been actually applied in the real world, and that’s what we’re here to talk about and not talked about using iota in in smart cities. But of course it’s relevant in many other thing, the other settings and I ot settings and so forth. The only way that happens if it’s adopted. If it is adopted by various technology sectors, that requires two things. It requires one that you have well defined use cases and then we have to find that’s what were the IRA Foundation is doing today. It also requires that you’ve made an open source open standard, positively guaranteed. So we’ve taken the iota technology to the Object Management Group to become an international centred as the UML of the international centre, and we’re also implementing the other foundation technology, the foundation. They either found a Iot different technology as open sort of limitation as well. That is, if you want to use the Opens first implementation, you can download it today and use it today. Nothing stops you. You can extend it, even do interesting things. But if you want to build a closed implementation that injury operates, or in fact, if you want to build another open source implementation, that enter operates with the eye of a solution. There will be a standard sometime in a bar on the late next year from the Object Number group and eventually from the International Organisation for Standards I s O. That and guarantees that you will have interoperable solution that will make the iota solution a solution. That’s have you used in many different vertical markets, guaranteed to be open source guaranteed to be standardised. And that’s what that’s what the major part of what I’m doing with their their foundation. The next step will be making sure that it’s not only the open source from the foundation, but open source from a well recognised international foundation. We have somewhere exciting enough to make in that area over the next year of the next few months. But I think that Z pummeling this point is extremely important to point out that there is no solution, whether it’s the Web, whether takes tml, whether it takes to be its variable available in open source and open standard, it is not adopted. An adoption is important. Adoption is what makes technologies work. That’s what we’re trying to do. That’s what we’re going to do over the next couple of months. I was much faster than I thought. I’m sorry. Thank you, Richard, That was incredible. I’m sure that there’s gonna be a lot of questions for you in the follow up so you can stick around for them. Yeah, I’ll be here very good. And next we have Dominic Shiner. Who? I’ll let him introduce himself. Great. So thanks, Dad. And thanks Richard and Mackey for making this call on and getting us some great insights. So hello, everybody. I am Dominic Shiner. I’m one of the co founders off Iota. And also, if they’re your deformation and what I would talk today about is really how do you quantify the future economy off iota? How do you quantify the neat Toyota and also its economic potential and impact? And so, over the last few weeks, we’ve been working with an independent research entity that has been working with us on exactly answer these questions. And as many of you probably know, it’s a very difficult question to answer. Like Audi really quantify these economic opportunities that are offered by ODA. And the core of this really goes back to this life. A cz many of you know, technology and digital and some supporters were at the core of our modern economy is on the top off the agenda of every government off every big corporate, because they realised is need to really throw to innovate themselves, because the future looks very different from the way that it looks today. And obviously this automation brought forth. I you see now we have billions of devices that they’re connected. That air that have become smarter and have made those processes around is really incredibly smart, meaning that it really brought forth a lot of automation. And always with that broad, it’s good, which means efficiency gains reduce costs. But it also brought some bad in terms of discussions around automation, especially over the last few years. We’ve seen some heated discussions around how automation is bad for our economy and how is actually leading toe labour shortages because obviously machines replaced humans. But the argument is very different is actually completely the opposite. Automation is not actually replacing. It was not ex Replacing labour automation is a reaction to labour shortage, and Reese really seeing is over the last few years, the best example is in supply chain, which is truly the backbone about a modern economy, shipping goods from the initial factor to the end, consumer and every CIA serious labour shortage. For example, In trucking, we will see some announcements recently of how some trucking companies have lost millions of dollars simply because they’re not able to find any new truck drivers. And a truly shows the need for third innovation in this specific industry simply because now it is very important back. One of our modern economy is not able to find anybody to ship goods from A to B. And I was that really shows the need for innovation really shows in you for technology and for alternation because they want to move forward into the future, where machines really start taking over some of his responsibilities that us humans can do today. And this is also really one of the biggest arguments why technology like coyotes required because fundamentally, what I owe their neighbours is automation, and what I owed is all about this automation. We really want to improve these industries all around the globe and introduce new processes that helped to increase efficiency that help to reduce costs. On that helped to really introduce new business models that really make sure that we as a society, you have a, well, little engine. It is aimed to take us forward towards this digital economy and the big questions, obviously, why do you need the distributed ledger? Full automation? We obviously have smart devices that are connected that are sending data that are making smart decisions. But the fundamental problem that we have is two things. First of all, we today have a very silent economy whereby we have different classes that don’t interoperate Inter operates and SP Richard has said. That is why we truly need standards, because if you don’t have a standard, you cannot. Anyway. This collaboration between different entities and further need is really for distributed ledger because what they’re distributed ledger really a choice is it breaks on those silas. It makes it easier for different entities, different competitors, that they don’t want to work together. But they’re facilitate discoloration through a distributed ledger simply because it’s just a single source of truth, and nobody controls that nobody owns it. But it’s really this digital trust layer of our future economy. There’s the first need. The second need is obviously in terms of security. We have a really big problem with securing our devices every day. Every way to hear about new announcements Have a big company being hacked, losing data, sensitive data off customers or even off factories blowing up simply because of a faulty process. You are following the open port where hackers were able to intrude, system and break entire process around the factory. On It is a truly devastating future that re looking at because we have automated our society and distant at the lack of security. And this is what distributed ledgers like Iota truly offer to automation, which is the single source of truth. I can trust the data that I get, I can verify it, and I can make sure that is really truly authentic. And that is really one of the most important components of automation, because I can only automate the process if I know that the data that I get this authentic it has not been on with, and it really makes it possible for me to verify the entire process and value chain. And the third reason why you truly need the distributed ledger for automation is the’s no business models with the technology like I order, we truly offer micropayments. Two machines will make it possible for a machine to have a wallet. And this gives us his natural evolution from automation. Two real autonomy, and that is truly the next step in our traditional economy. It’s not just about automated machines, but is about equipping them with the right software and hardware so that it can truly are activated and timeless fashion. And this truly makes it possible for us. You have processes running around us whereby we can ensure the system and the device integrity, and only if we can ensure that we can really trust that the automation agree that it is all around us. We make sure that the safety is also the top priority, and this is really what we had. I order Pope Assan and neighbouring this automation. So whenever I speak at the conference, I always say that right now every distributed ledger is a beater product. It’s not market ready I own is not market ready big kind. If you’re there also early proven concepts that means that we need to have the right dish in. We need to have the right people behind it, but also really the right strategy on how we can cross this cousin Ah, very important component here, which the definitions probably only entity right now focused on is just standardisation, like Richard said. But young death were definition really need to make sure that we offer the right services and the right products that the market needs. And that is why the Reformation is focused and true. Separate things for one were, Ah, really a research and engineering entity, meaning that we focus on the fundamental science is off off your technology and that is always the most important are simply because we need to make sure that we have a protocol that is scalable, there is secure, and that really solves the needs ofthe the industry. On top of that, when we’re really developing this, this building blocks as a foundation, we need to make sure that our technology can be adopted easily into different industries. The beauty and also some some of that. That thing about the IOA is that is a cross vertical platform. Iona is not just from ability, is not just for industry, For Pino is not just for suppression. It’s all of these different industries because we truly see ourselves a digital trust, layer off our future economy. And that always means that we need to create and developed the necessary building blocks that make it very easy for a starter for a corporate or government to develop with our technology. So, for example, that is why we’re very much focused on building blocks for specific industries like, for example, the supply chain. We’re developing transparency there so you can really have an audit trail, and you can simply plug that into your product. And from there on, you can really create your own ah for profit product out of the opens Those tools that we provide off example way we developed a data bank, a place that makes it very easy for you to internally or externally buying soul data. And this is really the core off the engineering focus off their own information. Now, obviously, it’s easy to copy a technology. It’s very difficult to copy an ecosystem, and that is why the ecosystem worked off their. Your definition is super important because that is what’s truly driving the adoption of Iona, and we’ve developed many, many proven concepts of the last few years or what we are focused on for dissent for the coming years. Is it to really focus on smart cities and to really focus of multi stakeholder project whereby we actually set up? Eh, Spence, meaning that we bring together different parties and we develop an open environment where we can really stressed that our technologies on where we can also stress test that this modest on top of that and smart cities are truly one of the most interesting environments for us to operate in simply because they give us the scale and also give us the commitment that the government wants to end a date together with us and the good part about the Iona Technologies. That is very business focused since your focus, but it’s also very much citizen focus. A technology like ours is really all about empowering people, giving them a technology whereby they can own their own data. They connect decisions of what happens with the money. What happens with the data on what happens with their identity, and it is a core oprahs and strategy of many cities around the world because at the end of the day. They’re stakeholders, artist citizens and a technology like I was really help cystic governments and cities to innovate and to provide his new services and products to their citizens. And we have some very exciting work going on in Austin intact. Pay in trunk time, but over the next few months and years will definitely add a lot more cities. And we will actually connect this city’s because this will truly give a global innovation platform whereby we assassination is simply the facilitator. But our network off partner companies and partner cities are able to innovate together using the iota technology, and it is really one of the key components that will drive our adoption for the future. And one of the most exciting announcements that we had over the last few weeks was training to want it. So this was really one of the first products that we as a foundation, released and there is more to come, obviously. But what’s beautiful about the trinity of all it is it’s really a market ready product that makes it possible for you to own your own asset, which is the iota token today. But the vision off the Trajan will. It really goes much beyond just being a simple wallet. It’s really your digital assistant. Is should be your your your bolt off all of your data and all of your identities. And this goes hand in hand with our work with different smart cities around the world, because what they are very much struggling today is there’s this big bender and platform looking looking looking whereby you’re forced to. He was uber you’re forcing his line, but there’s no overarching platform that makes it easy and makes it very seamless, whether and gives it to transition from one world of transportation to the next. And there’s also a very difficult Ah, it’s very difficult to actually share your identity today. How many of us had lost their their passports that their identity cards is to re truly a hassle? Why cannot always be digital, right? Why can I not all my own data? Why can’t I decide which data gets shared with all of these different stakeholders in in the network itself? And that is really the fundamental vision off Trinity. They really become sis Dada and Identity Bolt that enables these new business models for the future to work seamlessly. And because Trinity is open source, it’s free to use. It really has the potential to be the backbone application and platform for many of the city’s off the future. Now, apart from from this work, the most important right now, the biggest focus off their euro deformation is this next step in our evolution. Our city on a project was started in twenty fifteen with humble beginnings ofthe just being the backbone ofthe this machine economy. And over the last few years, we’ve been working very closely on the on the research side on How can you make sure that our technology is future proof? How can you make sure that our technology, true, is all states problems that we want to solve? And last month we in on this court decides you could go to court aside the iota of Orc to know more about it. What is fundamentally is this, really. It is next evolution in our technology, and it’s really going to get full operate off the network. The promise off court sides is tremendous. It really promises to solve this capability and decentralisation from Emma sustainable. It’s decentralised and is always the secure. But the vision of Iona is to go beyond just these three properties because because we truly focused on IOC and machine to machine. We also need to make sure that to prepare transactions or feel us to control your doing micropayments one machine pays another machine. And obviously we talk about palaces and hundreds of thousands of transactions per second that are needed for the future. And so we’re really focused on How can you need these features that be wondering when to enable and how can record it? All protocol is ready for that and just lock thiss week. Last week, Way announced the first prototype off the gold shimmer implementation. And so that’s really the first step for us, too, in both the community and three bulls and stakeholders injuries in this development ofthe entire quarter side project. So there’s another work happening behind the scenes. But all big elicit always launched the first alphabet within the next few weeks so that people can participate and truly experience what his future might look like. So there’s a lot of work than we are really focused on, and how can you make sure that it’s not just a Yoda Foundation. It is uneven, this future, but it’s also different stakeholders. The winning goal. And so there’s also I re announced, a big research grant of up to five million dollars to researchers and universities that want to be part in this future that we’re creating and that will truly help us in accelerating the entire development, off the protocol and of the different modules that we’re developing. And next to that, once we really write it for the first test networks, we will obviously also give on some, granted some bounty student community to participate in this, and you have the right incentives to participate. But it is a very interesting discussions going on internally. And how can we really make sure that we have the best of both worlds that preserved the Internet, that we serve the environment and make sure that I own a becomes what, what, what it’s about, huh? Alchemy, which is trust there or a digital economy. And apart from the all of the technical work, what the unified nations really focused on a small right now is transparency. So we just recently a few months ago, we announced the opening off the engineering department, meaning that you can see all of the development that is happening within the different projects. We always were also working on making research, look transparent and look more inclusive towards the community and different stakeholders. But we also focused on making a Yoda for nation sample of transparency and the best way to achieve that. Is it the first wall published some of our intel work. What is also to publish all finances where we work on a transparency report? We’re right now in the process of being audited on sublimation, which which is a major step towards the validation of your information. But what we assassination really want to get is the trust ofthe is different players that they’re building on top trust of this government’s that we’re speaking with and so apart from from opening up of our finances and providing a transparency report. We also work in a very strict policies that all of your destination employees have here by two a conflict of interest, transparency, policies and some support that well that we will then also published to your community and to the broader ecosystem to truly understand that the road is fundamentally focused on enabling this future and to really be the first distributed ledger goddess scalable that its permission ISS and it is really enterprise ready. Thank you. So then I think we could move over to urinate. Yeah, Thank you for that. Done. That was great. I mean, there was a lot of new stuff in there. There was a lot of stuff that’s been reiterated that I think kind of putting it all together. It really does paint Ah, really strong picture for what we’re working on. So thank you for that. And thank you, everyone over for your presentation. So I’ve been gathering Q and A’s gathering questions. Turn my video on Hello eso I’ve been gathering questions about some pretty good ones. Surprisingly, a very low number of troll e Q and A questions. Thank you community for that. So an interesting one. Um, what’s so this is for Richard. What’s the current status regarding om Om G’s OMG Group and the work Julie has done regarding Eubanks et cetera. So it’s a good question our financial dipped. A main task force, which is part of the OMG, has been actively developing standard for not only for deal teas in general, but specifically for the tangled added a tangle. The only technology standardisation process for the tangle started about three months ago and takes on average. We know this. We have done a thousand standardisation projects over the last thirty years. It takes on average, seventeen months could take longer critic Shorter. But why? I figured by approximately end of next year we’ll be done. So it’s just the beginning and we will be happy. Teo welcome many others to participate in Standardisation of Iota over the next seventeen months. Rickel. And is there? That’s actually good point, Richard. Is there a way? If someone wants to engage with a standards body or helpless, is there a way to kind of collaborate with you or collaborate with the foundation? Yeah, we’ve been completely transparent as Zeta Foundation for many, many years. Every standard is available for anyone to use whether they remember or not. And we welcome participation in our sensitivities and efforts. You can contact me directly, go to home to get organ, see our centre development buster’s works and participate in the centre. So about this, they can’t find him. Do you gotta work they can go to you, and I’m sure that you’ll connect with me. Great. Thank you, Richard. So another question we had this is I think that’s gonna really like this one. It’s got kind of throwing you a curve ball here. Why is identity so hard? Why not just own a communication address, which you can prove your own cryptographic? Lee? Um, yeah, that’s definitely a difficult question. Answer. Identity is hard because a lot of it comes down to privacy and you don’t wantto When it comes to security and privacy, it’s about making. It’s usable but still secure. And that’s the really hard balance that you have to find the syrup security a lot of times. So I didn’t mention this earlier, but for those that aren’t aware of my background, I did eight years in the U. S. Army. I was at the National Security Agency doing signals collection and cyber security and cyber operations planning. And then I did two years at the Department of Defence Cybercrime Centre, doing digital forensics and cryptography and researching the Blockchain. Um, so I’ve got pretty good background and understanding this and understanding how to build this system that is for us as citizens and residents and allows us tow integrate with. There are solutions and our systems more seamlessly. But there’s a lot of different steps that come in a place with that because it hasn’t really been possible in the last few decades because we haven’t had the convergence that we’re starting to see now. And we’re starting to see this with things like ay, ay zero knowledge proofs, ck snarks edge computing and just the hardware capabilities that we have Nowhere. You know, each of our smartphones is as capable or more capable than the first spaceship that we got to move, which is incredible. Think about. But now that we’ve got the storage capabilities and everything is transition off the edge, we could start to integrate these processes in these interoperable functionalities that can actually allow you to have the form of identity and not necessarily share and say, You know, you go to a bar, you go somewhere and you get approved. This is your background. You’re meeting this minimum requirement to buy a drink or whatever, because you want to necessarily have to goto and show your whole I d and say this is my address is my age, my height, my weight. They don’t need to know that All I need to know is can you drink yes or no? So we have to create that system that can verify your data without it being centralised in being vulnerable on DH. Still, give them that bully and responsive. Yes, you. This person is eligible for the state on. That’s a whole verifiable claims decentralised identity process that is just now getting standardised and just now, having a lot of research in it on DH on the standardisation effort of that. That’s something that we’re going to be pushing with Rong Tau work towards the standardisation of how this identity functionality can actually operate on Iona. So keep an eye out for things of that nature to come out publicly here. The short term I have to say I have to add to what Matthew said. The standards community has been developing a way back to liberty, for example, identity solutions for twenty or thirty years and never come up with a solution that got adopted. Adoption is what matters now. We’re talking about adoption of an open source, open Senate solution and most importantly, none centralised. I think that’s the most important thing. We’ve always had identity solutions that require a central authority, but about your government or whether that’s a bank. The ability, as Dominic says, talk about non centralised identity solutions is a critical step forward in a major step forward and something we shouldn’t minimise ever. Uh, so the next person we have I’m gonna feel this one. Tee dum, um, is fixed supply of their two token good for adoption. An interesting one, right? So that’s that’s a very interesting question, because we were one of the few projects that has decided to do a fixed supply. And just just quite this question is really on. So by some of the thinking that me and Dana that over the last few weeks, in terms of the healthy position I own and how to really quantify its need for the future And so if we look at the comparative best comparison of Toyota is the spectrum, as many of you know, the spectrum itself is very limited, means you. You need to get their licence to actually use a spectrum, and it was a huge economy because everybody needs to have network connectivity and that such is, ah, multi billion dollar. This is on its own and the same can be actually applied to the iota token itself because it has a very limited and scar supply. But it has a very important function which is to transmit value. How do you make a short one machine campaign on the machine? And that is really the fundamental value proposition of Toyota Token that it’s truly going to be the backbone of this machine economy. But in order to neutralise it and you know, to participate you all this in each after talking. And that is why right now way have the speculative aspect of my order where investors are quiet tokens. The same is, by the way, happened happening with the spectrum, where infrastructure in dresses are acquiring licences for five G in the hopes that the price will go up in that they can sell it to taco companies. And is there any other ways not presenting towards real utility and really beautiful nation? We agree, really focused on ensuring that there’s really utility and really adoption off the token. It’s out because we see a real need for an open and permissions environment created by the token itself provides justice, foolishness, way and fearless way of transmitting value from one machine to another machine. And that is why the work that matters dealing with smart cities and all of our our people focus on adoption or really crucial that we have a company utilising the token for his business model. Because the future environments are future. Complex is not just energy is delicious. Mobility’s all of those different environments, and only one universal token actually makes it possible for a car to sell electricity, electricity to the grid operator or to sell data to the municipality. And that is really the need for for permission is environment. I think that’s great. I’d love to just add to that as well. You know, there’s a There’s another question asked to Not only is the fixed supply good for adoption, but also how we disseminated the toke. It is that good for adoption, and I think you know, going back to what Tom said to about having these humble beginnings. You often forget that, you know, I would only raised a half a million dollars. Um, anyone who wanted the token had to invest themselves or put their own money into the crowd fund in order to own that token. Same goes for the foundation. So we think that’s really important. You think about adoption of this token of this asset that’s gonna be used in these future economies, right? Because then become then I owed It looks a little more like Bitcoin rather than a lot of these for profit close source competitors that are coming onto the market saying, Look like I’m not gonna name names here trying really hard hats and witness, Uh, but, like, you know, there’s one. The slogan is, You know where the borderless economy and we’re creating borderless cash, but it’s a for profit company. You have to start wondering when you talk about the scent incentives again. What’s the use of a token? If thirty percent of it’s owned by a couple of venture capitalists and the foundation got thirty percent and twenty percent goes to marketing, it no longer becomes this tool to exchange value. Instead, it really just has become a a way to raise funding. And again, there’s nothing good or bad or wrong about that. But then you just start wondering No, what’s what’s the difference than just Starbucks issuing their own token and then having people buy and sell and speculate on it? So it’s just it’s a very different mode, and I think that’s one of the really, really key components of their token. That I think people forget is that we really are positioned to beam or as a kind of non sovereign back currency or non silverback digital asset that companies and organisations and governments can use without feeling like it’s owned by another government. And there’s a follow up question here if anyone and wants to answer. And I wantto start off, though, someone asked. It sounds like there’s not a lot of use cases for the token, and I have got so interesting to see because you know, one way one thing that Dominic and I have been communicating more and more as we’ve been going out past couple weeks is yes, we’re yes, we are a protocol for Io ti, but in a in a broader sense, we’re really this interoperability layer were really this connective tissue between the human economy and the machine economy. Right? So all of these use cases where you’re gonna need to exchange value between humans and devices. You’re gonna need something like that, a token and their political. And right now there’s nothing on the market where you can exchange value at such a low. Um, a such A, like such micro transactions, right? Such low level transactions or micro payments. So to be able to send data and value not only between device device, but between humans and devices where these products and services really overlap. That’s a that’s Ah multibillion. You know, maybe trillion dollar market place. And that’s something that the token is very much primed to be used for. And that’s not even counting all of the different verticals where you need the token for value transfer. Um, and there’s something about this settlement layer that that Matt wanted Teo fill it on. Yes, I think this is a key point to get across on DH. A lot of these organisations for profit nonprofit what have you um you see them saying that these were going to replace current economies and current financial systems. I would like to stay that I don’t think we had a photo have that same perspective. I think it’s about enabling systems and enabling governments to respond better and enabling things to be more freshness and trustworthy transfer. That’s one of the biggest. The case is in a token is that it is transparent and allows for transparency with public institutions. You want to be able to see that you can trust your look. You want to be able to see that they’re using their funding for things that matter to you, and they’re gonna make a difference to you, um, and financial institutions. It’s a similar situation where you want to be able to trust your bank. You wanna be able to trust the organisations that you’re having your funds with, whether it’s you, yourself and your are your own bank, which we do enable or you wanna offload that someone else. So you need to have these options. But I like to say when I’m when I’m in some of my meetings that we want to enable currencies toe work better eso with me. I want to be able to send money toe You know, Tom and Berlin and I want him to get it quickly. I want to have to go through a five to ten day siege process where, you know, I sent him a few hundred bucks and he needed to buy something yesterday. But now I can’t do it because gonna take two weeks to get there. But if you something like I would on the back end, you have a feel is transparent transfer transfer mechanism so I can send him something in US dollars. It can go through what we’re calling the settlement layer, and he can get it in euros and it happens like that. It doesn’t take five to ten days. It’s transparent. It’s trust, really. And it’s something that we can really use to enable governments toe have that transparency. And they’ve shown a preponderance, actually, like being really interested in this kind of mindset to where they wantto be trusted by the residents of the citizens on and have the image that you know, they’re there for the good of the people and respond to the good of the people better than they currently are. Andi, just to add to that right, because I recently saw the big cat. Andi shows some of you thought it, but it’s a very interesting movie that really talks about how Facebook and social media has cost his digital divide. Now you can no longer trust the newest information we got from a private source, and this is consent from a device known whereby you somebody can hack into the machine and faked the data that it transmits to a human level. Now you can no longer trusted dated that guy from from a human because there’s faking is everywhere, and it’s just so easy to spread it. And it’s hugely interesting on how we’re society. Society are really able to overcome these thieves problems because they’re really at that core off our modern economy and our modern society, which is social media is everywhere, and it’s very difficult to move away from this environment today. So how do we really overcome these difficulties? And how do we make sure that we can really trust a date and trust information that we got? So is the IOA is fundamentally focused on the machine that will help me make sure that we can security machines? How can we secure your date and your identity? But there’s always a much more interesting social problems that can potentially resolved with having a trance player around us, and that is what we truly need for our future and for future economy to actually succeed. Because other than that we will also be focused on polarising Ah, the good end of that and just creating and steering up the understandings and and steering up the the heat of the discussions on DH, probably leading to lesser adoption of technology and regulating it in a bad way. Those are some really important fundamental questions that also have to be focused on when we think about technology, the good one. You know, I think it’s time for, like, truth or more questions. Saddam will have you here. There’ve been a couple different questions about different projects that we’ve announced, and I know that we, you know, we’ve been internally trying to make an effort. Teo do a better job of kind of keeping the community updated on past partnerships. Are there any interesting without giving anything away that’s under India? Are there any interesting, maybe, updates on any any of the products that we may be announced? He’s like custom electronics are, um, Giro Land Rover. Just anything? Yes, also, Obviously, I’m not here to announce or pre announce anything because our r us. But what we have to know your definition or very much focused on is what I said before is to move away from proving concepts towards very deep relationships and partnerships with corporates. So one of the biggest things that we want to achieve this years to really have a true success, Storey whereby we can say, Hey, I always implemented for this year’s case in this industry and this is how much money it generated. This is how much money it’s safe, right? So you quantify the benefits off the technology that is hugely important when you speak with a corporate, because if you cannot show it in a report that was written by one of the big forest together with us, you really inspire trust because you really showed to them. Hey, like if you use our technology, this is how you benefit from it and that is a very big focus of ours this year that we have these success storeys and one of the recent success storeys was always the SD microelectronics, which is a huge did it the largest semiconductor company in Europe. And there’s a huge client base, primarily obviously the corporate sort of utilising SPM Harper Airport prototyping and testing, but also using the actual stum hardware for their production ready products. Relax, for example, in cars in Base Station, since on a support for and now with this partnership and this integration of iota into their heart, where you becomes much more easier to develop with iota. And this is really one weird definition want to enable, first of all, obviously, to really create a huge ecosystem of developers around the order that they’re innovating with, with it that really showing the potential. But second of all that we have an easy transition from a proven concept from an early prototype. Core is a market ready product, and that is why the S t M announcement is very exciting. That really helps us assassination to figure out how we can help our corporate’s, our governments to go from critic concept towards market ready, and this was very exciting. Always area were very much working with General and Rover on launching a finger on how we can launch a test bed, and we also have some very other exciting partners like, for example, e class, where we were working on the first demonstrator. That really shows how you can share data from a machine, that washing machine or an appliance and how we can also sell this data. Andi class is obviously a very huge standards body where some of the largest corpus in the world are part of the consortium. So that will really gives us these multipliers where we do something with one company and can then be applied to this different sectors and different industries. And those are all very exciting projects that we’re doing the no see. There’s a lot happening in Austin with Matthew and also in Norway and France and the girlfriend and the others. And so there’s some exciting stuff happening on on the adoption side. Let’s see, um, this is a good one. So what is the best way at the moment for non developers to help Io to spread the word Ah, on the world U S o the exciting part about a Iot in Israel’s community. We have one of the best communities in the space, hands down. No objective objective, objectively speaking, because we have really a community that this is focused on the fundamentals, which is how can we make sure that the value proposition and to true promise off distributed legis, end of coyotes being realised and one One important part is obviously developers stripped of building on top of iota and innovating with it. But another one is really just people that want to participate in the discussion want to engage, provide their opinions. For example, if we work in a smart city environment, you could provide your opinion and what you could use, what you would not use, how you were one point to participate. And these are just some very simple things that they view as a nun. Developer control was simply engaging in a community participating in the discussions that are happening around. How can I go to be applied in this application? How can it not be applied and obviously spreading the word participating in need? Abs? Trying to join the potentially an iota of a startup on being part of the community is a huge one that really makes sure that we together achieve this goal. Very good. Let’s see, we have a couple of theirs. I feel like it’s worth mentioning just cause I see it so much coming up. So a lot of people are asking about, like US exchanges. And I know there’s a lot of concern about about kind of the US ecosystem. So we generally do not comment on exchanges. You know, not part of the foundation. We can’t do that. But we are very aware that there are a lot of people in the eye ot ecosystem in North America that feel like they might be shut off because of some of the things they’re saying happened in the market. Now I can tell you is that we’re actually looking into it and we’re seeing what we can do to support everyone. That’s really all we can say at this point. Our hands are tied, but when it comes to the regulatory side, you know, we’re we’re very closely on the European side and there was a question about in America as well. You know, we’re slowly as we continue to grow and become more standardised. We want to make sure that we’re engaged in these conversations early. But those conversations kind of go hand in hand a little. What? Um I think what else wants to speak to that. So let’s do one more question and I’ll ask it Ah, on the regulatory side. And enough. As many of you know, there’s been a lot of happening on on the regulations, especially in the United States recently. And the exciting part is that we are, we’re not. We’re not getting on border new supervisory board member that really comes from the banking and from the regulatory industry. So he’s very deep and very well connected and knowledgeable on regulations in the United States. So he once he’s on board, he will also help us really guide towards this network and also connect us with the right participants that we can really figure out the way. And how should I want to be regulated? Was that the core of it? We want to be regulated, right, because you can only really make sure that the adoption of Ayotte is happening when we have the standardisation and when we can ensure that the adoption off the protocol with the right regulation. There’s many times where it happened that the big corporate set was like, Hey, what about accounting? Got about taxes? And there’s no very black and white answer right now and so regulations will be a huge step forward in the adoption of Iota. So this is what we’re doing in the United States were very well connected in Asia, specifically in Taipei, also with the lawmakers. When we’re making some good progress in the discussions with them and in Europe, we we have enough where we’re chairing the board off enough and there’s been a lot of new interest in a nap of meaning. A lot of members joining. And we we set up a couple of working groups where they’re your information’s always participating and also talking with the right players on how we can answer these very difficult questions. And I think at at the end of Q three there will also be a very big conference off Anapa, where, where the photo finish we want to be represented, and Gran will also get some talks, something that will be exciting to answer here. What is what is happening? And just so y’all know, regulations really important for piss off genuine definition, very good. And with that is there anything it wants to say? Toe kind of clothes off for any closing statements from the insight that you shared, or just from the questions or just anything in general? No, from my side. I think this is, ah, important format for us to give more regular updates to the community. They can also interface with us and understand what the priorities are, what we’re focusing on. So it’s a very good formula, and and I’m looking forward to also welcoming some participants in the in the ecosystem. Like like, for example, Ellman from Delap Slope in Exciting Party. John seven, a populist when I poke us but the inside’s calm, I’m very much looking for it. But with this forward, that will bring much more transparency boards, the community very good. And Richard, Matt, anything you want to say toe to close off. Just to say that The Iota Foundation is although it’s our young has grown up, is approaching all the major issues that really matter. Open source, open standards, regulatory issues and real true transparency and openness to the community. I’m happy to be part of it, Yeah, and I’ll say I think this is also a great form. We welcome anyone, whether your technical or non technical to join us in our ecosystem Joyner Discord Reach out. If you have questions, reach out. If if you have ideas on, we can help work with you to enable you Teo to build what you want on top of iota and help lead us in our standardisation efforts and help a scale and adopt at the rate that we think we’re capable. So thank you for being here and watching. And with that, we’ll let everyone go. Thank you to our our guests today who provided some extremely well thought through insights and thank you. Everyone listening. We’ll let you know. The next one comes. We have it scheduled quarterly, but maybe it’s gonna be so popular that we need toe pump it up full full, see how it’s received on with that. We’ll let you all go. So have a good rest your day and we will catch you up like
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