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hi<00:00:09.599><c> everyone</c><00:00:10.320><c> thanks</c><00:00:10.480><c> for</c><00:00:10.599><c> coming</c><00:00:10.759><c> to</c><00:00:10.840><c> me</c><00:00:10.960><c> see</c>

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hi everyone thanks for coming to me see
 

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hi everyone thanks for coming to me see
my<00:00:11.320><c> talk</c><00:00:12.200><c> so</c><00:00:12.599><c> I</c><00:00:12.719><c> guess</c><00:00:12.960><c> we</c><00:00:13.080><c> got</c><00:00:13.240><c> straight</c><00:00:13.440><c> into</c>

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my talk so I guess we got straight into
 

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my talk so I guess we got straight into
it<00:00:13.679><c> we've</c><00:00:13.799><c> only</c><00:00:13.920><c> got</c><00:00:14.080><c> seven</c>

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minutes<00:00:17.560><c> yeah</c><00:00:17.680><c> so</c><00:00:17.840><c> who</c><00:00:17.960><c> am</c><00:00:18.080><c> I</c><00:00:18.240><c> so</c><00:00:18.359><c> my</c><00:00:18.480><c> name</c><00:00:18.600><c> is</c>

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minutes yeah so who am I so my name is
 

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minutes yeah so who am I so my name is
James<00:00:19.199><c> I</c><00:00:19.320><c> am</c><00:00:19.560><c> the</c><00:00:19.680><c> engineering</c><00:00:20.240><c> director</c><00:00:20.560><c> for</c>

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James I am the engineering director for
 

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James I am the engineering director for
eBay<00:00:21.199><c> small</c><00:00:21.519><c> but</c><00:00:21.680><c> hopefully</c><00:00:22.279><c> impactful</c><00:00:22.960><c> web</c><00:00:23.199><c> 3</c>

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eBay small but hopefully impactful web 3
 

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eBay small but hopefully impactful web 3
team<00:00:24.160><c> uh</c><00:00:24.279><c> I</c><00:00:24.359><c> came</c><00:00:24.519><c> from</c><00:00:24.680><c> an</c><00:00:24.800><c> acquisition</c><00:00:25.199><c> about</c>

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team uh I came from an acquisition about
 

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team uh I came from an acquisition about
two<00:00:25.680><c> years</c><00:00:25.880><c> ago</c><00:00:26.119><c> of</c><00:00:26.240><c> an</c><00:00:26.359><c> nft</c><00:00:26.800><c> platform</c><00:00:27.320><c> called</c>

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two years ago of an nft platform called
 

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two years ago of an nft platform called
known<00:00:27.800><c> origin</c><00:00:28.599><c> now</c><00:00:28.800><c> really</c><00:00:29.080><c> myself</c><00:00:29.400><c> and</c><00:00:29.519><c> my</c>

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known origin now really myself and my
 

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known origin now really myself and my
team<00:00:30.080><c> are</c><00:00:30.240><c> really</c><00:00:30.439><c> interested</c><00:00:30.840><c> in</c><00:00:31.000><c> looking</c><00:00:31.199><c> at</c>

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team are really interested in looking at
 

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team are really interested in looking at
the<00:00:31.400><c> web</c><00:00:31.599><c> three</c><00:00:31.840><c> landscape</c><00:00:32.680><c> looking</c><00:00:32.960><c> at</c><00:00:33.160><c> the</c>

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the web three landscape looking at the
 

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the web three landscape looking at the
eBay<00:00:33.719><c> machine</c><00:00:34.040><c> as</c><00:00:34.160><c> it</c><00:00:34.320><c> stands</c><00:00:34.719><c> now</c><00:00:35.120><c> and</c><00:00:35.480><c> seeing</c>

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eBay machine as it stands now and seeing
 

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eBay machine as it stands now and seeing
how<00:00:36.120><c> this</c><00:00:36.280><c> technology</c><00:00:36.800><c> can</c><00:00:37.280><c> potentially</c>

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how this technology can potentially
 

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how this technology can potentially
impact<00:00:38.239><c> them</c><00:00:38.440><c> and</c><00:00:38.559><c> find</c><00:00:38.840><c> value</c><00:00:39.079><c> for</c><00:00:39.239><c> buyers</c>

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impact them and find value for buyers
 

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impact them and find value for buyers
and<00:00:39.640><c> sellers</c><00:00:40.320><c> and</c><00:00:40.440><c> today</c><00:00:40.800><c> I'm</c><00:00:40.879><c> going</c><00:00:41.000><c> to</c><00:00:41.160><c> talk</c>

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and sellers and today I'm going to talk
 

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and sellers and today I'm going to talk
about<00:00:41.480><c> a</c><00:00:41.680><c> topic</c><00:00:42.079><c> called</c><00:00:42.440><c> digital</c><00:00:42.840><c> product</c>

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about a topic called digital product
 

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about a topic called digital product
passports<00:00:44.079><c> and</c><00:00:44.280><c> why</c><00:00:44.600><c> I</c><00:00:44.840><c> intrinsically</c>

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passports and why I intrinsically
 

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passports and why I intrinsically
believe<00:00:45.800><c> web3</c><00:00:46.360><c> is</c><00:00:46.480><c> the</c><00:00:46.680><c> right</c><00:00:46.920><c> place</c><00:00:47.160><c> for</c><00:00:47.399><c> them</c>

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believe web3 is the right place for them
 

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believe web3 is the right place for them
um<00:00:48.320><c> and</c><00:00:48.399><c> I'm</c><00:00:48.480><c> going</c><00:00:48.600><c> to</c><00:00:48.680><c> touch</c><00:00:48.879><c> on</c><00:00:49.000><c> four</c><00:00:49.280><c> topics</c>

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um and I'm going to touch on four topics
 

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um and I'm going to touch on four topics
today<00:00:50.520><c> uh</c><00:00:50.640><c> a</c><00:00:50.760><c> topic</c><00:00:51.000><c> called</c><00:00:51.199><c> connected</c>

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today uh a topic called connected
 

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today uh a topic called connected
products<00:00:52.239><c> digital</c><00:00:52.640><c> product</c><00:00:52.960><c> passports</c><00:00:53.719><c> we'll</c>

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products digital product passports we'll
 

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products digital product passports we'll
talk<00:00:54.120><c> about</c><00:00:54.320><c> web</c><00:00:54.520><c> 3</c><00:00:54.800><c> and</c><00:00:54.920><c> we'll</c><00:00:55.079><c> talk</c><00:00:55.239><c> about</c>

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talk about web 3 and we'll talk about
 

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talk about web 3 and we'll talk about
Commerce<00:00:56.199><c> but</c><00:00:56.440><c> first</c><00:00:56.719><c> I</c><00:00:56.800><c> want</c><00:00:56.920><c> to</c><00:00:57.039><c> set</c><00:00:57.239><c> the</c>

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Commerce but first I want to set the
 

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Commerce but first I want to set the
scene<00:00:57.879><c> and</c><00:00:58.120><c> provide</c><00:00:58.359><c> a</c><00:00:58.480><c> little</c><00:00:58.600><c> bit</c><00:00:58.719><c> of</c><00:00:58.960><c> vision</c>

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scene and provide a little bit of vision
 

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scene and provide a little bit of vision
of<00:00:59.760><c> what</c><00:01:00.079><c> Commerce</c><00:01:00.559><c> could</c><00:01:00.800><c> look</c><00:01:01.079><c> like</c><00:01:02.000><c> so</c><00:01:02.239><c> you</c>

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of what Commerce could look like so you
 

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of what Commerce could look like so you
got<00:01:02.440><c> to</c><00:01:02.600><c> bear</c><00:01:02.800><c> with</c><00:01:02.920><c> me</c><00:01:03.120><c> with</c><00:01:03.320><c> this</c><00:01:03.600><c> right</c><00:01:03.879><c> so</c>

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got to bear with me with this right so
 

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got to bear with me with this right so
you<00:01:04.239><c> walk</c><00:01:04.479><c> into</c><00:01:04.720><c> an</c><00:01:04.920><c> office</c><00:01:05.199><c> you</c><00:01:05.320><c> see</c><00:01:05.560><c> your</c>

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you walk into an office you see your
 

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you walk into an office you see your
colleagues<00:01:06.439><c> stood</c><00:01:06.960><c> around</c><00:01:07.400><c> a</c><00:01:07.560><c> board</c><00:01:08.000><c> maybe</c>

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colleagues stood around a board maybe
 

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colleagues stood around a board maybe
you're<00:01:08.439><c> discussing</c><00:01:08.920><c> the</c><00:01:09.040><c> latest</c><00:01:09.320><c> mem</c><00:01:09.799><c> coin</c>

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you're discussing the latest mem coin
 

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you're discussing the latest mem coin
you've<00:01:11.000><c> got</c><00:01:11.240><c> your</c><00:01:11.720><c> Vision</c><00:01:12.200><c> Pro</c><00:01:12.600><c> 5000s</c><00:01:13.360><c> on</c><00:01:13.680><c> some</c>

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you've got your Vision Pro 5000s on some
 

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you've got your Vision Pro 5000s on some
AR<00:01:14.360><c> enabled</c><00:01:14.880><c> glasses</c><00:01:15.840><c> not</c><00:01:16.080><c> only</c><00:01:16.360><c> that</c><00:01:16.520><c> it's</c>

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AR enabled glasses not only that it's
 

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AR enabled glasses not only that it's
looked<00:01:16.920><c> in</c><00:01:17.000><c> your</c><00:01:17.200><c> address</c><00:01:17.600><c> book</c><00:01:17.840><c> and</c><00:01:17.960><c> it's</c>

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looked in your address book and it's
 

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looked in your address book and it's
noticed<00:01:18.680><c> the</c><00:01:18.840><c> pfps</c><00:01:19.680><c> of</c><00:01:19.880><c> your</c><00:01:20.119><c> colleagues</c><00:01:20.560><c> and</c>

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noticed the pfps of your colleagues and
 

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noticed the pfps of your colleagues and
displayed<00:01:21.119><c> them</c><00:01:21.280><c> on</c><00:01:21.439><c> screen</c><00:01:22.079><c> you</c><00:01:22.200><c> know</c><00:01:22.320><c> shout</c>

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displayed them on screen you know shout
 

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displayed them on screen you know shout
out<00:01:22.720><c> to</c><00:01:22.840><c> any</c><00:01:23.000><c> x</c><00:01:23.320><c> copy</c><00:01:23.560><c> or</c><00:01:23.680><c> squiggle</c><00:01:24.119><c> holders</c><00:01:24.520><c> in</c>

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out to any x copy or squiggle holders in
 

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out to any x copy or squiggle holders in
the<00:01:24.880><c> in</c><00:01:24.960><c> the</c><00:01:25.119><c> room</c><00:01:26.079><c> not</c><00:01:26.240><c> only</c><00:01:26.560><c> that</c><00:01:26.759><c> it's</c>

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the in the room not only that it's
 

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the in the room not only that it's
noticed<00:01:27.560><c> that</c><00:01:27.720><c> your</c><00:01:27.920><c> friend</c><00:01:28.280><c> Dan</c><00:01:28.759><c> at</c><00:01:28.920><c> the</c>

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noticed that your friend Dan at the
 

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noticed that your friend Dan at the
board<00:01:29.520><c> has</c><00:01:29.680><c> got</c><00:01:30.040><c> a</c><00:01:30.200><c> killer</c><00:01:30.600><c> watch</c><00:01:31.000><c> and</c><00:01:31.200><c> the</c>

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board has got a killer watch and the
 

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board has got a killer watch and the
latest<00:01:32.200><c> greatest</c><00:01:32.720><c> in</c><00:01:33.119><c> sneakers</c><00:01:34.119><c> these</c>

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latest greatest in sneakers these
 

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latest greatest in sneakers these
products<00:01:34.720><c> are</c><00:01:35.000><c> connected</c><00:01:36.000><c> you've</c><00:01:36.200><c> got</c><00:01:36.320><c> to</c>

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products are connected you've got to
 

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products are connected you've got to
find<00:01:36.720><c> out</c><00:01:36.960><c> more</c><00:01:37.280><c> you</c><00:01:37.479><c> double</c><00:01:37.880><c> tap</c><00:01:38.079><c> your</c>

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find out more you double tap your
 

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find out more you double tap your
fingers<00:01:39.399><c> some</c><00:01:39.759><c> Machine</c><00:01:40.280><c> Vision</c><00:01:40.680><c> or</c><00:01:40.960><c> AI</c><00:01:41.360><c> Vision</c>

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fingers some Machine Vision or AI Vision
 

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fingers some Machine Vision or AI Vision
scans<00:01:42.680><c> these</c><00:01:43.000><c> items</c><00:01:43.520><c> uniquely</c><00:01:44.119><c> identifies</c>

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scans these items uniquely identifies
 

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scans these items uniquely identifies
them<00:01:45.479><c> and</c><00:01:45.600><c> starts</c><00:01:46.000><c> working</c><00:01:46.320><c> out</c><00:01:46.759><c> exactly</c>

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them and starts working out exactly
 

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them and starts working out exactly
which<00:01:47.920><c> unique</c><00:01:48.320><c> product</c><00:01:48.680><c> they</c><00:01:48.799><c> are</c><00:01:49.079><c> not</c><00:01:49.240><c> the</c>

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which unique product they are not the
 

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which unique product they are not the
product<00:01:49.680><c> skew</c><00:01:50.399><c> the</c><00:01:50.600><c> actual</c><00:01:50.960><c> unique</c><00:01:51.439><c> product</c>

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product skew the actual unique product
 

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product skew the actual unique product
after<00:01:52.759><c> that</c><00:01:53.040><c> the</c><00:01:53.200><c> digital</c><00:01:53.600><c> product</c><00:01:54.000><c> passport</c>

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after that the digital product passport
 

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after that the digital product passport
pops<00:01:54.880><c> up</c><00:01:55.560><c> a</c><00:01:55.799><c> digital</c><00:01:56.240><c> layer</c><00:01:56.680><c> linking</c><00:01:57.280><c> the</c>

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pops up a digital layer linking the
 

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pops up a digital layer linking the
physical<00:01:57.960><c> product</c><00:01:58.439><c> directly</c><00:01:58.840><c> in</c><00:01:59.039><c> your</c><00:01:59.320><c> face</c>

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physical product directly in your face
 

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physical product directly in your face
now<00:02:00.520><c> this</c><00:02:00.640><c> is</c><00:02:00.799><c> a</c><00:02:00.960><c> vision</c><00:02:01.280><c> piece</c><00:02:01.520><c> only</c><00:02:01.920><c> right</c>

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now this is a vision piece only right
 

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now this is a vision piece only right
but<00:02:02.640><c> you</c><00:02:02.759><c> can</c><00:02:02.880><c> see</c><00:02:03.119><c> the</c><00:02:03.320><c> potential</c><00:02:04.200><c> you</c><00:02:04.320><c> know</c>

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but you can see the potential you know
 

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but you can see the potential you know
and<00:02:04.840><c> and</c><00:02:04.960><c> you</c><00:02:05.119><c> might</c><00:02:05.320><c> notice</c><00:02:05.680><c> as</c><00:02:05.799><c> well</c><00:02:05.960><c> this</c><00:02:06.079><c> is</c>

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and and you might notice as well this is
 

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and and you might notice as well this is
very<00:02:06.439><c> much</c><00:02:06.719><c> similar</c><00:02:07.159><c> to</c><00:02:07.360><c> how</c><00:02:07.520><c> maybe</c><00:02:07.880><c> nft</c>

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very much similar to how maybe nft
 

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very much similar to how maybe nft
platforms<00:02:09.280><c> uh</c><00:02:09.399><c> looked</c><00:02:09.800><c> trading</c><00:02:10.160><c> nfts</c><00:02:10.720><c> a</c><00:02:10.840><c> few</c>

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platforms uh looked trading nfts a few
 

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platforms uh looked trading nfts a few
years<00:02:11.280><c> ago</c><00:02:12.080><c> from</c><00:02:12.319><c> this</c><00:02:12.520><c> digital</c><00:02:12.879><c> link</c><00:02:13.160><c> you</c><00:02:13.280><c> can</c>

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years ago from this digital link you can
 

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years ago from this digital link you can
see<00:02:13.640><c> ownership</c><00:02:14.480><c> you</c><00:02:14.599><c> might</c><00:02:14.760><c> see</c><00:02:14.920><c> if</c><00:02:15.000><c> it's</c><00:02:15.120><c> got</c>

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see ownership you might see if it's got
 

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see ownership you might see if it's got
a<00:02:15.360><c> warranty</c><00:02:16.239><c> you</c><00:02:16.360><c> might</c><00:02:16.560><c> see</c><00:02:16.879><c> trading</c><00:02:17.760><c> uh</c>

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a warranty you might see trading uh
 

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a warranty you might see trading uh
activity<00:02:18.400><c> on</c><00:02:18.519><c> the</c><00:02:18.640><c> secondary</c><00:02:19.160><c> Market</c>

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activity on the secondary Market
 

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activity on the secondary Market
traceability<00:02:20.720><c> servicing</c><00:02:21.360><c> in</c><00:02:21.760><c> uh</c><00:02:22.200><c> insights</c>

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traceability servicing in uh insights
 

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traceability servicing in uh insights
this<00:02:23.319><c> is</c><00:02:23.440><c> the</c><00:02:23.560><c> vision</c><00:02:23.879><c> that</c><00:02:24.000><c> I</c><00:02:24.080><c> want</c><00:02:24.160><c> to</c><00:02:24.319><c> talk</c>

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this is the vision that I want to talk
 

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this is the vision that I want to talk
about<00:02:24.720><c> today</c><00:02:25.360><c> and</c><00:02:25.560><c> this</c><00:02:25.720><c> is</c><00:02:26.120><c> my</c><00:02:26.360><c> vision</c><00:02:26.840><c> and</c>

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about today and this is my vision and
 

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about today and this is my vision and
potentially<00:02:27.599><c> the</c><00:02:27.720><c> Future</c><00:02:28.080><c> Vision</c><00:02:28.319><c> of</c><00:02:28.480><c> how</c>

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potentially the Future Vision of how
 

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potentially the Future Vision of how
Commerce<00:02:29.239><c> might</c><00:02:29.440><c> look</c><00:02:29.640><c> in</c><00:02:29.920><c> several</c><00:02:30.200><c> years</c>

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Commerce might look in several years
 

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Commerce might look in several years
time<00:02:31.720><c> but</c><00:02:32.000><c> wait</c><00:02:32.440><c> before</c><00:02:32.680><c> we</c><00:02:32.879><c> go</c><00:02:33.040><c> on</c><00:02:33.360><c> I</c><00:02:33.440><c> think</c>

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time but wait before we go on I think
 

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time but wait before we go on I think
it's<00:02:33.720><c> worth</c><00:02:33.959><c> touching</c><00:02:34.319><c> about</c><00:02:34.519><c> some</c><00:02:34.640><c> of</c><00:02:34.760><c> the</c>

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it's worth touching about some of the
 

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it's worth touching about some of the
problems<00:02:35.440><c> and</c><00:02:35.640><c> challenges</c><00:02:36.319><c> in</c><00:02:36.560><c> Commerce</c><00:02:37.000><c> at</c>

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problems and challenges in Commerce at
 

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problems and challenges in Commerce at
the<00:02:37.280><c> moment</c><00:02:38.239><c> and</c><00:02:38.400><c> you</c><00:02:38.480><c> know</c><00:02:38.640><c> the</c><00:02:38.760><c> first</c><00:02:39.040><c> three</c>

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the moment and you know the first three
 

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the moment and you know the first three
topics<00:02:39.760><c> you</c><00:02:39.879><c> know</c><00:02:40.040><c> the</c><00:02:40.200><c> supply</c><00:02:40.560><c> chain</c><00:02:40.840><c> the</c>

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topics you know the supply chain the
 

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topics you know the supply chain the
supply<00:02:41.239><c> chain</c><00:02:41.400><c> is</c><00:02:41.640><c> very</c><00:02:42.159><c> difficult</c><00:02:42.319><c> to</c>

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supply chain is very difficult to
 

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supply chain is very difficult to
Wrangle<00:02:42.959><c> for</c><00:02:43.280><c> physical</c><00:02:43.720><c> Goods</c><00:02:44.480><c> aggregating</c>

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Wrangle for physical Goods aggregating
 

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Wrangle for physical Goods aggregating
lots<00:02:45.360><c> of</c><00:02:45.519><c> disperate</c><00:02:46.000><c> information</c><00:02:46.879><c> maybe</c><00:02:47.120><c> the</c>

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lots of disperate information maybe the
 

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lots of disperate information maybe the
digital<00:02:47.879><c> passport</c><00:02:48.280><c> is</c><00:02:48.480><c> the</c><00:02:48.680><c> perfect</c><00:02:49.040><c> layer</c>

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digital passport is the perfect layer
 

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digital passport is the perfect layer
for<00:02:49.640><c> this</c><00:02:50.280><c> you</c><00:02:50.400><c> know</c><00:02:50.760><c> circularity</c><00:02:51.760><c> I</c><00:02:51.920><c> bought</c><00:02:52.120><c> a</c>

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for this you know circularity I bought a
 

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for this you know circularity I bought a
good<00:02:52.519><c> on</c><00:02:52.640><c> the</c><00:02:52.760><c> primary</c><00:02:53.120><c> Market</c><00:02:53.519><c> how</c><00:02:53.640><c> do</c><00:02:53.760><c> I</c><00:02:53.959><c> sell</c>

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good on the primary Market how do I sell
 

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good on the primary Market how do I sell
it<00:02:54.440><c> there's</c><00:02:54.680><c> many</c><00:02:54.959><c> websites</c><00:02:55.440><c> many</c>

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it there's many websites many
 

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it there's many websites many
marketplaces<00:02:56.840><c> all</c><00:02:57.040><c> have</c><00:02:57.280><c> different</c><00:02:57.599><c> pros</c><00:02:57.840><c> and</c>

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marketplaces all have different pros and
 

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marketplaces all have different pros and
cons<00:02:58.519><c> maybe</c><00:02:58.800><c> the</c><00:02:59.000><c> product</c><00:02:59.319><c> passport</c><00:02:59.680><c> is</c><00:02:59.840><c> is</c>

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cons maybe the product passport is is
 

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cons maybe the product passport is is
the<00:03:00.080><c> place</c><00:03:00.280><c> where</c><00:03:00.480><c> circularity</c><00:03:01.239><c> will</c><00:03:01.400><c> start</c>

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the place where circularity will start
 

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the place where circularity will start
maybe<00:03:02.480><c> it</c><00:03:02.560><c> will</c><00:03:02.760><c> also</c><00:03:03.000><c> tell</c><00:03:03.159><c> you</c><00:03:03.360><c> how</c><00:03:03.480><c> to</c>

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maybe it will also tell you how to
 

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maybe it will also tell you how to
recycle<00:03:04.280><c> this</c><00:03:04.440><c> good</c><00:03:04.720><c> at</c><00:03:04.799><c> the</c><00:03:04.879><c> end</c><00:03:05.040><c> of</c><00:03:05.159><c> its</c><00:03:05.360><c> life</c>

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recycle this good at the end of its life
 

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recycle this good at the end of its life
maybe<00:03:06.560><c> this</c><00:03:06.720><c> product</c><00:03:07.040><c> passport</c><00:03:07.400><c> is</c><00:03:07.519><c> the</c><00:03:07.640><c> place</c>

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maybe this product passport is the place
 

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maybe this product passport is the place
where<00:03:08.000><c> you'll</c><00:03:08.200><c> get</c><00:03:08.400><c> additional</c><00:03:08.879><c> utility</c>

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where you'll get additional utility
 

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where you'll get additional utility
after<00:03:10.040><c> your</c><00:03:10.319><c> first</c><00:03:10.680><c> transactional</c>

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after your first transactional
 

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after your first transactional
engagement<00:03:11.879><c> with</c><00:03:12.080><c> that</c><00:03:12.239><c> brand</c><00:03:12.599><c> or</c><00:03:12.799><c> with</c><00:03:12.959><c> that</c>

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engagement with that brand or with that
 

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engagement with that brand or with that
shop<00:03:14.120><c> and</c><00:03:14.319><c> finally</c><00:03:14.680><c> the</c><00:03:14.840><c> last</c><00:03:15.080><c> three</c><00:03:15.879><c> um</c>

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shop and finally the last three um
 

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shop and finally the last three um
there's<00:03:16.159><c> some</c><00:03:16.360><c> emerging</c><00:03:17.200><c> regulatory</c><00:03:18.200><c> uh</c><00:03:18.760><c> um</c>

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there's some emerging regulatory uh um
 

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there's some emerging regulatory uh um
insights<00:03:19.680><c> coming</c><00:03:19.959><c> from</c><00:03:20.200><c> the</c><00:03:20.360><c> EU</c><00:03:20.879><c> so</c><00:03:21.080><c> from</c><00:03:21.319><c> 2026</c>

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insights coming from the EU so from 2026
 

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insights coming from the EU so from 2026
2027<00:03:22.879><c> the</c><00:03:23.040><c> EU</c><00:03:23.400><c> will</c><00:03:23.799><c> mandate</c><00:03:24.400><c> digital</c><00:03:24.840><c> product</c>

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2027 the EU will mandate digital product
 

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2027 the EU will mandate digital product
passports<00:03:26.400><c> in</c><00:03:26.799><c> things</c><00:03:27.080><c> like</c><00:03:27.280><c> batteries</c>

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passports in things like batteries
 

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passports in things like batteries
fashion<00:03:28.680><c> white</c><00:03:28.959><c> goods</c><00:03:29.439><c> colle</c><00:03:29.920><c> Ables</c><00:03:30.760><c> now</c><00:03:30.959><c> the</c>

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fashion white goods colle Ables now the
 

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fashion white goods colle Ables now the
goal<00:03:31.360><c> is</c><00:03:31.480><c> to</c><00:03:31.640><c> make</c><00:03:31.840><c> things</c><00:03:32.040><c> more</c><00:03:32.280><c> circular</c><00:03:32.799><c> and</c>

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goal is to make things more circular and
 

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goal is to make things more circular and
give<00:03:33.120><c> consumers</c><00:03:33.640><c> more</c><00:03:33.879><c> Choice</c><00:03:34.560><c> maybe</c><00:03:34.840><c> a</c>

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give consumers more Choice maybe a
 

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give consumers more Choice maybe a
tokenized<00:03:35.640><c> digital</c><00:03:36.000><c> product</c><00:03:36.319><c> passport</c><00:03:36.760><c> is</c>

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tokenized digital product passport is
 

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tokenized digital product passport is
the<00:03:37.080><c> place</c><00:03:37.319><c> where</c><00:03:37.480><c> that</c><00:03:37.599><c> will</c><00:03:37.920><c> happen</c><00:03:38.920><c> um</c><00:03:39.360><c> the</c>

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the place where that will happen um the
 

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the place where that will happen um the
last<00:03:39.680><c> two</c><00:03:40.200><c> digital</c><00:03:40.519><c> physical</c><00:03:40.959><c> experiences</c><00:03:41.599><c> a</c>

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last two digital physical experiences a
 

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last two digital physical experiences a
lot<00:03:41.799><c> of</c><00:03:41.920><c> the</c><00:03:42.000><c> nft</c><00:03:42.480><c> space</c><00:03:42.959><c> sort</c><00:03:43.159><c> of</c><00:03:43.280><c> tried</c><00:03:43.519><c> to</c>

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lot of the nft space sort of tried to
 

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lot of the nft space sort of tried to
tackle<00:03:43.920><c> this</c><00:03:44.040><c> over</c><00:03:44.239><c> the</c><00:03:44.360><c> last</c><00:03:44.560><c> few</c><00:03:44.760><c> few</c><00:03:45.000><c> years</c>

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tackle this over the last few few years
 

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tackle this over the last few few years
with<00:03:45.400><c> some</c><00:03:45.920><c> mixed</c><00:03:46.360><c> success</c><00:03:46.879><c> maybe</c><00:03:47.200><c> starting</c>

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with some mixed success maybe starting
 

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with some mixed success maybe starting
with<00:03:47.680><c> a</c><00:03:47.879><c> physical</c><00:03:48.680><c> and</c><00:03:48.799><c> adding</c><00:03:49.040><c> on</c><00:03:49.200><c> the</c>

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with a physical and adding on the
 

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with a physical and adding on the
digital<00:03:49.680><c> is</c><00:03:49.799><c> the</c><00:03:49.959><c> right</c><00:03:50.200><c> approach</c><00:03:51.080><c> and</c><00:03:51.159><c> then</c>

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digital is the right approach and then
 

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digital is the right approach and then
interoperability<00:03:52.319><c> for</c><00:03:52.560><c> your</c><00:03:52.840><c> items</c><00:03:53.159><c> for</c><00:03:53.480><c> the</c>

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interoperability for your items for the
 

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interoperability for your items for the
things<00:03:53.959><c> you</c><00:03:54.120><c> own</c><00:03:54.599><c> physically</c><00:03:55.360><c> how</c><00:03:55.480><c> do</c><00:03:55.599><c> you</c>

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things you own physically how do you
 

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things you own physically how do you
interupt<00:03:56.319><c> with</c><00:03:56.439><c> the</c><00:03:56.560><c> wider</c><00:03:56.879><c> world</c><00:03:57.319><c> again</c>

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interupt with the wider world again
 

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interupt with the wider world again
maybe<00:03:57.879><c> this</c><00:03:58.079><c> digital</c><00:03:58.439><c> layer</c>

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maybe this digital layer
 

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maybe this digital layer
so<00:04:00.280><c> this</c><00:04:00.360><c> is</c><00:04:00.480><c> the</c><00:04:00.599><c> vision</c><00:04:00.840><c> I</c><00:04:01.079><c> presented</c>

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so this is the vision I presented
 

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so this is the vision I presented
slightly<00:04:02.159><c> wacky</c><00:04:02.599><c> really</c><00:04:02.799><c> lowf</c><00:04:03.760><c> you</c><00:04:03.879><c> know</c><00:04:04.079><c> this</c>

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slightly wacky really lowf you know this
 

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slightly wacky really lowf you know this
is<00:04:04.360><c> not</c><00:04:04.599><c> what</c><00:04:04.720><c> we're</c><00:04:04.879><c> building</c><00:04:05.319><c> this</c><00:04:05.400><c> is</c><00:04:05.519><c> a</c>

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is not what we're building this is a
 

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is not what we're building this is a
vision<00:04:06.000><c> piece</c>

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vision piece
 

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vision piece
um<00:04:08.720><c> but</c><00:04:08.879><c> really</c><00:04:09.120><c> what</c><00:04:09.239><c> does</c><00:04:09.360><c> it</c><00:04:09.519><c> enable</c><00:04:10.000><c> it</c>

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um but really what does it enable it
 

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um but really what does it enable it
enables<00:04:10.680><c> a</c><00:04:10.840><c> digital</c><00:04:11.159><c> lirer</c><00:04:11.400><c> on</c><00:04:11.560><c> physical</c>

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enables a digital lirer on physical
 

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enables a digital lirer on physical
which<00:04:12.159><c> is</c><00:04:12.480><c> interactive</c><00:04:13.040><c> product</c><00:04:13.640><c> experiences</c>

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which is interactive product experiences
 

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which is interactive product experiences
realtime<00:04:15.239><c> information</c><00:04:15.799><c> about</c><00:04:16.040><c> your</c><00:04:16.239><c> good</c><00:04:16.639><c> you</c>

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realtime information about your good you
 

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realtime information about your good you
know<00:04:17.000><c> empowering</c><00:04:17.799><c> customers</c><00:04:18.799><c> um</c><00:04:18.959><c> and</c><00:04:19.040><c> then</c>

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know empowering customers um and then
 

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know empowering customers um and then
interoperability<00:04:20.320><c> where</c><00:04:20.560><c> you</c><00:04:21.000><c> you</c><00:04:21.120><c> know</c><00:04:21.280><c> you</c>

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interoperability where you you know you
 

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interoperability where you you know you
can<00:04:21.560><c> take</c><00:04:21.720><c> your</c><00:04:21.919><c> physical</c><00:04:22.280><c> good</c><00:04:22.560><c> and</c><00:04:22.720><c> use</c><00:04:22.919><c> it</c>

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can take your physical good and use it
 

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can take your physical good and use it
anywhere<00:04:23.880><c> and</c><00:04:24.040><c> this</c><00:04:24.160><c> is</c><00:04:24.479><c> again</c><00:04:24.720><c> what</c><00:04:24.919><c> these</c>

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anywhere and this is again what these
 

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anywhere and this is again what these
could<00:04:25.479><c> enabl</c><00:04:26.479><c> and</c><00:04:26.600><c> then</c><00:04:26.800><c> really</c><00:04:27.120><c> quickly</c><00:04:27.440><c> I've</c>

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could enabl and then really quickly I've
 

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could enabl and then really quickly I've
only<00:04:27.680><c> got</c><00:04:27.800><c> a</c><00:04:27.919><c> minute</c><00:04:28.160><c> left</c><00:04:28.479><c> last</c><00:04:28.680><c> but</c><00:04:28.800><c> not</c>

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only got a minute left last but not
 

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only got a minute left last but not
least<00:04:29.280><c> what</c><00:04:29.479><c> is</c><00:04:29.919><c> this</c><00:04:30.120><c> so</c><00:04:30.360><c> first</c><00:04:30.560><c> of</c><00:04:30.720><c> all</c><00:04:31.400><c> uh</c><00:04:31.520><c> a</c>

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least what is this so first of all uh a
 

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least what is this so first of all uh a
physical<00:04:32.080><c> item</c><00:04:32.400><c> and</c><00:04:32.520><c> a</c><00:04:32.680><c> product</c><00:04:32.960><c> connector</c>

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physical item and a product connector
 

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physical item and a product connector
really<00:04:34.240><c> a</c><00:04:34.400><c> connector</c><00:04:34.759><c> comes</c><00:04:34.960><c> in</c><00:04:35.120><c> many</c><00:04:35.360><c> forms</c>

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really a connector comes in many forms
 

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really a connector comes in many forms
QR<00:04:36.120><c> codes</c><00:04:36.400><c> RFD</c><00:04:37.120><c> NFC</c><00:04:37.680><c> chips</c><00:04:38.120><c> you</c><00:04:38.199><c> know</c><00:04:38.360><c> Machine</c>

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QR codes RFD NFC chips you know Machine
 

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QR codes RFD NFC chips you know Machine
Vision<00:04:38.960><c> we</c><00:04:39.120><c> spoke</c><00:04:39.400><c> about</c><00:04:39.800><c> and</c><00:04:39.880><c> then</c><00:04:40.000><c> youve</c><00:04:40.120><c> got</c>

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Vision we spoke about and then youve got
 

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Vision we spoke about and then youve got
this<00:04:40.400><c> digital</c><00:04:40.720><c> layer</c><00:04:41.080><c> and</c><00:04:41.280><c> this</c><00:04:41.360><c> is</c><00:04:41.520><c> what</c><00:04:41.639><c> I</c>

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this digital layer and this is what I
 

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this digital layer and this is what I
talk<00:04:42.000><c> about</c><00:04:42.720><c> uh</c><00:04:42.880><c> for</c><00:04:43.080><c> digital</c><00:04:43.479><c> passports</c><00:04:44.400><c> and</c>

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talk about uh for digital passports and
 

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talk about uh for digital passports and
this<00:04:44.720><c> could</c><00:04:44.880><c> be</c><00:04:45.080><c> you</c><00:04:45.199><c> can</c><00:04:45.320><c> own</c><00:04:45.560><c> this</c><00:04:45.759><c> thing</c>

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this could be you can own this thing
 

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this could be you can own this thing
right<00:04:46.160><c> that's</c><00:04:46.280><c> what</c><00:04:46.440><c> crypto</c><00:04:46.759><c> enables</c>

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right that's what crypto enables
 

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right that's what crypto enables
ownership<00:04:48.080><c> of</c><00:04:48.240><c> digital</c><00:04:49.120><c> items</c><00:04:50.120><c> um</c><00:04:50.360><c> quickly</c><00:04:50.680><c> a</c>

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ownership of digital items um quickly a
 

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ownership of digital items um quickly a
few<00:04:50.960><c> industry</c><00:04:51.440><c> examples</c><00:04:51.960><c> 30</c><00:04:52.199><c> seconds</c><00:04:52.600><c> left</c>

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few industry examples 30 seconds left
 

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few industry examples 30 seconds left
there<00:04:53.039><c> is</c><00:04:53.199><c> already</c><00:04:53.560><c> people</c><00:04:53.840><c> playing</c><00:04:54.080><c> in</c><00:04:54.240><c> this</c>

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there is already people playing in this
 

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there is already people playing in this
game<00:04:54.560><c> in</c><00:04:54.680><c> the</c><00:04:54.800><c> fashion</c><00:04:55.160><c> space</c><00:04:55.400><c> in</c><00:04:55.520><c> the</c><00:04:55.639><c> luxury</c>

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game in the fashion space in the luxury
 

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game in the fashion space in the luxury
space<00:04:56.680><c> you</c><00:04:56.800><c> know</c><00:04:57.000><c> maybe</c><00:04:57.320><c> onchain</c><00:04:57.919><c> is</c><00:04:58.039><c> the</c><00:04:58.199><c> next</c>

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space you know maybe onchain is the next
 

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space you know maybe onchain is the next
online<00:04:58.960><c> and</c><00:04:59.080><c> this</c><00:04:59.199><c> Chang</c><00:04:59.800><c> consumer</c><00:05:00.199><c> Behavior</c>

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online and this Chang consumer Behavior
 

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online and this Chang consumer Behavior
would<00:05:01.039><c> be</c><00:05:01.160><c> a</c><00:05:01.320><c> big</c><00:05:01.560><c> driver</c><00:05:02.080><c> for</c><00:05:02.320><c> web</c><00:05:02.520><c> to</c>

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would be a big driver for web to
 

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would be a big driver for web to
adoption<00:05:03.479><c> Beyond</c><00:05:03.840><c> training</c><00:05:04.240><c> stons</c><00:05:04.720><c> and</c><00:05:04.840><c> mean</c>

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adoption Beyond training stons and mean
 

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adoption Beyond training stons and mean
coins<00:05:06.199><c> um</c><00:05:06.440><c> and</c><00:05:06.639><c> finally</c><00:05:07.000><c> wad</c><00:05:07.280><c> eBay</c><00:05:07.680><c> care</c><00:05:07.919><c> it's</c>

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coins um and finally wad eBay care it's
 

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coins um and finally wad eBay care it's
massive<00:05:08.560><c> we've</c><00:05:08.720><c> got</c><00:05:08.800><c> to</c><00:05:08.919><c> be</c><00:05:09.039><c> ahead</c><00:05:09.240><c> of</c><00:05:09.360><c> these</c>

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massive we've got to be ahead of these
 

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massive we've got to be ahead of these
Trends<00:05:10.160><c> and</c><00:05:10.360><c> Y</c><00:05:10.639><c> web</c><00:05:10.840><c> 3</c><00:05:11.479><c> it's</c><00:05:11.680><c> credibly</c><00:05:12.039><c> neutral</c>

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Trends and Y web 3 it's credibly neutral
 

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Trends and Y web 3 it's credibly neutral
it's<00:05:12.600><c> a</c><00:05:12.759><c> base</c><00:05:13.000><c> layer</c><00:05:13.240><c> for</c><00:05:13.400><c> enemies</c><00:05:13.720><c> can</c><00:05:13.880><c> play</c>

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it's a base layer for enemies can play
 

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it's a base layer for enemies can play
together<00:05:15.120><c> lots</c><00:05:15.320><c> of</c><00:05:15.479><c> composable</c><00:05:16.039><c> great</c>

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together lots of composable great
 

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together lots of composable great
standards<00:05:16.639><c> to</c><00:05:16.759><c> build</c><00:05:17.000><c> on</c><00:05:17.639><c> and</c>

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standards to build on and
 

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standards to build on and
interoperability<00:05:18.600><c> and</c><00:05:19.039><c> ownership</c><00:05:20.039><c> and</c>

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interoperability and ownership and
 

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interoperability and ownership and
that's<00:05:20.400><c> it</c><00:05:20.600><c> thank</c><00:05:20.720><c> you</c><00:05:20.880><c> very</c><00:05:21.039><c> much</c><00:05:21.720><c> okay</c><00:05:22.319><c> thank</c>

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that's it thank you very much okay thank
 

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that's it thank you very much okay thank
you<00:05:25.120><c> not</c><00:05:25.360><c> as</c><00:05:25.639><c> very</c><00:05:25.919><c> very</c><00:05:26.120><c> interesting</c><00:05:26.479><c> in</c><00:05:26.520><c> a</c>

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you not as very very interesting in a
 

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you not as very very interesting in a
very<00:05:26.919><c> real</c><00:05:27.360><c> world</c><00:05:28.360><c> um</c><00:05:28.759><c> uh</c><00:05:28.880><c> do</c><00:05:28.960><c> we</c><00:05:29.080><c> have</c><00:05:29.199><c> any</c>

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very real world um uh do we have any
 

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very real world um uh do we have any
questions<00:05:29.680><c> question</c><00:05:29.880><c> s</c><00:05:30.080><c> in</c><00:05:30.280><c> the</c>

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audience<00:05:33.960><c> let's</c><00:05:35.039><c> see</c><00:05:36.199><c> anyone</c><00:05:37.199><c> okay</c>

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cool

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cool
 

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cool
oh<00:05:42.639><c> hello</c><00:05:42.960><c> James</c><00:05:43.360><c> hello</c><00:05:44.160><c> um</c><00:05:44.720><c> quick</c><00:05:45.120><c> question</c>

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oh hello James hello um quick question
 

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oh hello James hello um quick question
uh<00:05:46.800><c> when</c><00:05:47.360><c> do</c><00:05:47.520><c> you</c><00:05:47.720><c> imagine</c><00:05:48.240><c> a</c><00:05:48.560><c> plat</c><00:05:48.840><c> a</c><00:05:49.000><c> global</c>

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uh when do you imagine a plat a global
 

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uh when do you imagine a plat a global
platform<00:05:49.880><c> like</c><00:05:50.560><c> eBay</c><00:05:51.560><c> uh</c><00:05:52.560><c> showing</c><00:05:53.199><c> it</c><00:05:54.199><c> regular</c>

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platform like eBay uh showing it regular
 

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platform like eBay uh showing it regular
users<00:05:55.919><c> as</c><00:05:56.440><c> I</c><00:05:56.520><c> don't</c><00:05:56.680><c> know</c><00:05:56.840><c> an</c><00:05:57.080><c> icon</c><00:05:57.720><c> and</c><00:05:58.000><c> some</c>

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users as I don't know an icon and some
 

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users as I don't know an icon and some
verified<00:05:59.000><c> as</c><00:05:59.199><c> something</c><00:05:59.479><c> that</c><00:05:59.639><c> that</c><00:05:59.759><c> says</c>

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verified as something that that says
 

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verified as something that that says
this<00:06:00.479><c> come</c><00:06:00.880><c> with</c><00:06:01.039><c> a</c><00:06:01.280><c> DPP</c><00:06:02.080><c> and</c><00:06:02.680><c> of</c><00:06:02.840><c> course</c><00:06:03.000><c> you</c>

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this come with a DPP and of course you
 

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this come with a DPP and of course you
can<00:06:03.319><c> check</c><00:06:03.560><c> it</c><00:06:04.199><c> visually</c><00:06:05.080><c> but</c><00:06:05.240><c> when</c><00:06:05.400><c> you</c>

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can check it visually but when you
 

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can check it visually but when you
acquire<00:06:06.080><c> this</c><00:06:06.240><c> pair</c><00:06:06.440><c> of</c><00:06:06.520><c> sneakers</c><00:06:07.160><c> this</c><00:06:07.400><c> Gat</c>

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acquire this pair of sneakers this Gat
 

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acquire this pair of sneakers this Gat
whatever<00:06:09.440><c> uh</c><00:06:09.960><c> well</c><00:06:10.120><c> you</c><00:06:10.280><c> will</c><00:06:10.520><c> also</c><00:06:10.919><c> acquire</c>

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whatever uh well you will also acquire
 

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whatever uh well you will also acquire
this<00:06:12.000><c> this</c><00:06:12.639><c> digital</c><00:06:13.479><c> passport</c><00:06:14.479><c> yeah</c><00:06:14.599><c> is</c><00:06:14.720><c> there</c>

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this this digital passport yeah is there
 

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this this digital passport yeah is there
some<00:06:15.080><c> form</c><00:06:15.319><c> of</c><00:06:15.479><c> a</c><00:06:15.720><c> estimate</c><00:06:16.560><c> timeline</c><00:06:17.039><c> or</c><00:06:17.599><c> yeah</c>

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some form of a estimate timeline or yeah
 

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some form of a estimate timeline or yeah
so<00:06:17.800><c> I</c><00:06:17.960><c> guess</c><00:06:18.400><c> you</c><00:06:18.479><c> know</c><00:06:18.599><c> we</c><00:06:18.720><c> may</c><00:06:18.919><c> already</c><00:06:19.160><c> be</c>

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so I guess you know we may already be
 

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so I guess you know we may already be
playing<00:06:19.599><c> in</c><00:06:19.759><c> this</c><00:06:19.960><c> place</c><00:06:20.479><c> uh</c><00:06:20.720><c> this</c><00:06:20.919><c> place</c><00:06:21.160><c> in</c>

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playing in this place uh this place in
 

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playing in this place uh this place in
Pilots<00:06:21.840><c> but</c><00:06:21.960><c> you</c><00:06:22.080><c> may</c><00:06:22.280><c> not</c><00:06:22.479><c> notice</c><00:06:23.080><c> and</c><00:06:23.240><c> you</c>

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Pilots but you may not notice and you
 

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Pilots but you may not notice and you
know<00:06:23.520><c> we</c><00:06:23.720><c> also</c><00:06:23.919><c> go</c><00:06:24.120><c> down</c><00:06:24.280><c> the</c><00:06:24.440><c> Mantra</c><00:06:24.919><c> of</c><00:06:25.560><c> you</c>

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know we also go down the Mantra of you
 

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know we also go down the Mantra of you
know<00:06:26.000><c> eBay</c><00:06:26.360><c> users</c><00:06:26.759><c> don't</c><00:06:27.160><c> really</c><00:06:28.160><c> care</c>

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know eBay users don't really care
 

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know eBay users don't really care
exactly<00:06:29.560><c> you</c><00:06:29.639><c> know</c><00:06:29.800><c> what</c><00:06:29.960><c> we're</c><00:06:30.080><c> doing</c><00:06:30.360><c> as</c>

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exactly you know what we're doing as
 

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exactly you know what we're doing as
long<00:06:30.599><c> as</c><00:06:30.680><c> they</c><00:06:30.800><c> get</c><00:06:30.919><c> lots</c><00:06:31.120><c> of</c><00:06:31.240><c> great</c><00:06:31.479><c> value</c>

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long as they get lots of great value
 

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long as they get lots of great value
from<00:06:32.000><c> it</c><00:06:32.160><c> so</c><00:06:32.319><c> maybe</c><00:06:32.520><c> we're</c><00:06:32.720><c> already</c><00:06:32.960><c> doing</c>

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from it so maybe we're already doing
 

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from it so maybe we're already doing
this<00:06:33.360><c> and</c><00:06:33.520><c> they</c><00:06:33.680><c> don't</c><00:06:33.919><c> know</c><00:06:34.440><c> and</c><00:06:34.599><c> maybe</c><00:06:34.880><c> next</c>

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this and they don't know and maybe next
 

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this and they don't know and maybe next
year<00:06:35.479><c> it'll</c><00:06:35.720><c> sort</c><00:06:35.919><c> of</c><00:06:36.039><c> be</c><00:06:36.160><c> pushed</c><00:06:36.440><c> up</c><00:06:36.560><c> the</c>

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year it'll sort of be pushed up the
 

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year it'll sort of be pushed up the
rankings<00:06:37.639><c> and</c><00:06:37.800><c> things</c><00:06:37.960><c> will</c><00:06:38.160><c> become</c><00:06:38.400><c> clearer</c>

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rankings and things will become clearer
 

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rankings and things will become clearer
so<00:06:39.120><c> but</c><00:06:39.280><c> there's</c><00:06:39.479><c> also</c><00:06:39.759><c> lots</c><00:06:39.960><c> of</c><00:06:40.240><c> luxury</c>

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so but there's also lots of luxury
 

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so but there's also lots of luxury
Brands<00:06:40.880><c> already</c><00:06:41.080><c> playing</c><00:06:41.319><c> in</c><00:06:41.479><c> this</c><00:06:41.599><c> place</c><00:06:41.840><c> is</c>

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Brands already playing in this place is
 

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Brands already playing in this place is
a

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a
 

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a
reality<00:06:45.039><c> just</c><00:06:45.240><c> right</c><00:06:45.440><c> over</c><00:06:46.240><c> there</c><00:06:47.240><c> oh</c><00:06:47.800><c> nice</c>

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reality just right over there oh nice
 

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reality just right over there oh nice
hey<00:06:48.919><c> James</c><00:06:49.520><c> um</c><00:06:49.759><c> based</c><00:06:50.080><c> on</c><00:06:50.560><c> uh</c><00:06:50.720><c> eBay's</c><00:06:51.440><c> uh</c><00:06:51.560><c> sales</c>

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hey James um based on uh eBay's uh sales
 

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hey James um based on uh eBay's uh sales
numbers<00:06:52.440><c> and</c><00:06:52.759><c> and</c><00:06:52.960><c> that</c><00:06:53.199><c> what</c><00:06:53.360><c> throughput</c><00:06:53.960><c> do</c>

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numbers and and that what throughput do
 

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numbers and and that what throughput do
you<00:06:54.160><c> think</c><00:06:54.400><c> that</c><00:06:54.479><c> you</c><00:06:54.639><c> need</c><00:06:54.960><c> from</c><00:06:55.080><c> the</c>

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you think that you need from the
 

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you think that you need from the
underlying<00:06:55.759><c> technology</c><00:06:56.479><c> to</c><00:06:57.000><c> to</c><00:06:57.199><c> serve</c><00:06:57.479><c> your</c>

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underlying technology to to serve your
 

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underlying technology to to serve your
users<00:06:59.039><c> well</c><00:06:59.120><c> that's</c><00:06:59.240><c> a</c><00:06:59.319><c> good</c><00:06:59.639><c> question</c><00:06:59.879><c> well</c><00:07:00.000><c> I</c>

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users well that's a good question well I
 

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users well that's a good question well I
guess<00:07:00.440><c> you</c><00:07:00.560><c> know</c><00:07:00.800><c> to</c><00:07:00.960><c> get</c><00:07:01.080><c> to</c><00:07:01.319><c> eBay</c><00:07:01.720><c> scale</c><00:07:02.240><c> you</c>

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guess you know to get to eBay scale you
 

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guess you know to get to eBay scale you
know<00:07:03.639><c> the</c><00:07:03.800><c> the</c><00:07:03.960><c> endgame</c><00:07:04.680><c> you</c><00:07:04.800><c> know</c><00:07:05.120><c> it's</c><00:07:05.240><c> hard</c>

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know the the endgame you know it's hard
 

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know the the endgame you know it's hard
to<00:07:05.520><c> really</c><00:07:05.720><c> talk</c><00:07:05.919><c> about</c><00:07:06.160><c> it's</c><00:07:06.280><c> a</c><00:07:06.400><c> reality</c><00:07:06.759><c> it's</c>

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to really talk about it's a reality it's
 

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to really talk about it's a reality it's
hard<00:07:07.000><c> to</c><00:07:07.120><c> really</c><00:07:07.240><c> say</c><00:07:07.560><c> stuff</c><00:07:07.720><c> in</c><00:07:07.879><c> public</c><00:07:08.280><c> but</c>

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hard to really say stuff in public but
 

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hard to really say stuff in public but
you<00:07:08.520><c> know</c><00:07:08.919><c> eBay's</c><00:07:09.360><c> a</c><00:07:09.520><c> big</c><00:07:10.160><c> huge</c><00:07:10.400><c> user</c><00:07:10.720><c> base</c>

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you know eBay's a big huge user base
 

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you know eBay's a big huge user base
billions<00:07:11.440><c> of</c><00:07:11.599><c> products</c><00:07:12.160><c> hundreds</c><00:07:12.479><c> of</c>

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billions of products hundreds of
 

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billions of products hundreds of
millions<00:07:12.919><c> of</c><00:07:13.080><c> users</c><00:07:13.879><c> you</c><00:07:14.000><c> know</c><00:07:14.120><c> in</c><00:07:14.240><c> the</c><00:07:14.360><c> last</c>

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millions of users you know in the last
 

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millions of users you know in the last
two<00:07:14.759><c> years</c><00:07:15.000><c> with</c><00:07:15.160><c> the</c><00:07:15.240><c> rise</c><00:07:15.479><c> of</c><00:07:15.639><c> l2s</c><00:07:16.199><c> There's</c>

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two years with the rise of l2s There's
 

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two years with the rise of l2s There's
an<00:07:16.919><c> actual</c><00:07:17.240><c> credible</c><00:07:17.680><c> path</c><00:07:17.919><c> for</c><00:07:18.120><c> actually</c><00:07:18.360><c> how</c>

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an actual credible path for actually how
 

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an actual credible path for actually how
to<00:07:18.680><c> achieve</c><00:07:18.960><c> the</c><00:07:19.080><c> throughput</c><00:07:19.479><c> and</c><00:07:19.599><c> the</c><00:07:19.680><c> scale</c>

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to achieve the throughput and the scale
 

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to achieve the throughput and the scale
that<00:07:20.080><c> eBay</c><00:07:20.759><c> and</c><00:07:20.879><c> that's</c><00:07:21.039><c> what</c><00:07:21.120><c> we'll</c><00:07:21.280><c> be</c>

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that eBay and that's what we'll be
 

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that eBay and that's what we'll be
keeping<00:07:21.599><c> an</c><00:07:21.759><c> eye</c><00:07:21.919><c> on</c><00:07:22.120><c> you</c><00:07:22.199><c> know</c><00:07:22.360><c> as</c><00:07:22.479><c> that</c><00:07:22.639><c> space</c>

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keeping an eye on you know as that space
 

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keeping an eye on you know as that space
emerges<00:07:25.120><c> one</c><00:07:25.280><c> more</c><00:07:25.560><c> question</c><00:07:26.120><c> and</c><00:07:26.319><c> the</c><00:07:26.479><c> last</c>

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emerges one more question and the last
 

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emerges one more question and the last
one<00:07:27.440><c> right</c><00:07:27.599><c> over</c><00:07:27.800><c> there</c><00:07:28.120><c> the</c><00:07:29.120><c> uh</c><00:07:30.000><c> gentleman</c>

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one right over there the uh gentleman
 

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one right over there the uh gentleman
the

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the
 

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the
cap<00:07:32.720><c> it's</c><00:07:32.879><c> going</c><00:07:33.000><c> to</c><00:07:33.160><c> be</c><00:07:33.400><c> from</c><00:07:33.680><c> over</c><00:07:33.919><c> there</c><00:07:34.599><c> yes</c>

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cap it's going to be from over there yes
 

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cap it's going to be from over there yes
beautiful<00:07:37.240><c> um</c><00:07:38.240><c> I</c><00:07:38.319><c> forgot</c><00:07:38.560><c> to</c><00:07:38.639><c> admit</c><00:07:38.879><c> I'm</c><00:07:39.000><c> a</c><00:07:39.080><c> bit</c>

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beautiful um I forgot to admit I'm a bit
 

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beautiful um I forgot to admit I'm a bit
confused<00:07:39.800><c> as</c><00:07:39.919><c> to</c><00:07:40.120><c> what</c><00:07:40.240><c> would</c><00:07:40.400><c> be</c><00:07:40.680><c> the</c>

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confused as to what would be the
 

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confused as to what would be the
advantage<00:07:41.879><c> for</c><00:07:42.879><c> for</c><00:07:43.080><c> the</c><00:07:43.199><c> end</c><00:07:43.440><c> user</c><00:07:43.800><c> this</c>

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advantage for for the end user this
 

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advantage for for the end user this
feels<00:07:44.159><c> like</c><00:07:44.319><c> a</c><00:07:44.400><c> lot</c><00:07:44.560><c> of</c><00:07:45.720><c> overwhelming</c>

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feels like a lot of overwhelming
 

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feels like a lot of overwhelming
information<00:07:48.479><c> that</c><00:07:48.800><c> might</c><00:07:49.000><c> not</c><00:07:49.199><c> be</c><00:07:49.520><c> tangibly</c>

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information that might not be tangibly
 

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information that might not be tangibly
beneficial<00:07:51.319><c> and</c><00:07:51.840><c> it</c><00:07:52.000><c> also</c><00:07:52.280><c> frankly</c><00:07:52.639><c> seems</c>

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beneficial and it also frankly seems
 

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beneficial and it also frankly seems
like<00:07:53.319><c> a</c><00:07:53.479><c> bit</c><00:07:53.639><c> of</c><00:07:53.879><c> a</c><00:07:54.879><c> privacy</c><00:07:55.360><c> nightmare</c><00:07:56.080><c> I</c><00:07:56.159><c> can</c>

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like a bit of a privacy nightmare I can
 

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like a bit of a privacy nightmare I can
see<00:07:56.440><c> how</c><00:07:56.639><c> aggregating</c><00:07:57.319><c> all</c><00:07:57.440><c> of</c><00:07:57.639><c> this</c><00:07:57.840><c> kind</c><00:07:58.000><c> of</c>

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see how aggregating all of this kind of
 

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see how aggregating all of this kind of
information<00:07:58.919><c> in</c><00:07:59.039><c> a</c>

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information in a
 

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information in a
not<00:08:00.759><c> centralized</c><00:08:01.319><c> but</c><00:08:01.520><c> central</c><00:08:01.960><c> point</c><00:08:02.560><c> of</c>

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not centralized but central point of
 

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not centralized but central point of
identity<00:08:03.479><c> could</c><00:08:04.120><c> could</c><00:08:04.280><c> be</c><00:08:04.520><c> problematic</c><00:08:05.159><c> so</c>

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identity could could be problematic so
 

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identity could could be problematic so
are<00:08:05.960><c> there</c>

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are there
 

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are there
any<00:08:08.159><c> do</c><00:08:08.360><c> do</c><00:08:08.479><c> you</c><00:08:08.599><c> also</c><00:08:08.879><c> Envision</c><00:08:09.240><c> the</c><00:08:09.400><c> level</c><00:08:09.639><c> of</c>

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any do do you also Envision the level of
 

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any do do you also Envision the level of
of<00:08:10.360><c> privacy</c><00:08:11.360><c> associated</c><00:08:11.800><c> with</c><00:08:12.000><c> that</c><00:08:12.599><c> yeah</c><00:08:12.680><c> so</c>

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of privacy associated with that yeah so
 

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of privacy associated with that yeah so
privacy<00:08:13.280><c> first</c><00:08:13.720><c> very</c><00:08:13.919><c> true</c><00:08:14.360><c> you</c><00:08:14.479><c> know</c><00:08:14.639><c> we</c><00:08:14.759><c> we</c>

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privacy first very true you know we we
 

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privacy first very true you know we we
think<00:08:15.039><c> about</c><00:08:15.240><c> this</c><00:08:15.360><c> a</c><00:08:15.560><c> lot</c><00:08:16.120><c> and</c><00:08:16.240><c> you</c><00:08:16.360><c> know</c>

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think about this a lot and you know
 

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think about this a lot and you know
there<00:08:17.120><c> there's</c><00:08:17.639><c> is</c><00:08:17.759><c> it</c><00:08:18.000><c> right</c><00:08:18.240><c> that</c><00:08:18.360><c> you</c><00:08:18.479><c> know</c>

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there there's is it right that you know
 

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there there's is it right that you know
this<00:08:18.960><c> wallet</c><00:08:19.280><c> owns</c><00:08:19.599><c> 10</c><00:08:19.840><c> Rolexes</c><00:08:20.639><c> probably</c><00:08:21.039><c> not</c>

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this wallet owns 10 Rolexes probably not
 

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this wallet owns 10 Rolexes probably not
you<00:08:21.560><c> know</c><00:08:21.720><c> but</c><00:08:21.879><c> we</c><00:08:22.039><c> look</c><00:08:22.159><c> at</c><00:08:22.400><c> Technologies</c>

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you know but we look at Technologies
 

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you know but we look at Technologies
like<00:08:23.840><c> uh</c><00:08:24.000><c> you</c><00:08:24.199><c> like</c><00:08:24.759><c> providing</c><00:08:25.120><c> proofs</c>

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like uh you like providing proofs
 

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like uh you like providing proofs
selective<00:08:26.240><c> disclosure</c><00:08:27.240><c> you</c><00:08:27.360><c> know</c><00:08:27.520><c> zero</c>

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selective disclosure you know zero
 

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selective disclosure you know zero
knowledge<00:08:28.199><c> stuff</c><00:08:28.680><c> you</c><00:08:28.759><c> know</c><00:08:28.960><c> that's</c><00:08:29.159><c> really</c>

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knowledge stuff you know that's really
 

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knowledge stuff you know that's really
where<00:08:29.720><c> I</c><00:08:29.879><c> think</c><00:08:30.120><c> this</c><00:08:30.240><c> will</c><00:08:30.560><c> go</c><00:08:31.039><c> and</c><00:08:31.159><c> it'll</c>

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where I think this will go and it'll
 

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where I think this will go and it'll
ultimately<00:08:32.080><c> be</c><00:08:32.440><c> at</c><00:08:32.640><c> the</c><00:08:33.080><c> behest</c><00:08:33.440><c> of</c><00:08:33.599><c> the</c>

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ultimately be at the behest of the
 

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ultimately be at the behest of the
holder<00:08:34.479><c> of</c><00:08:34.719><c> how</c><00:08:34.919><c> much</c><00:08:35.200><c> information</c><00:08:35.839><c> that</c><00:08:36.000><c> they</c>

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holder of how much information that they
 

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holder of how much information that they
should<00:08:36.399><c> disclose</c><00:08:37.080><c> I</c><00:08:37.159><c> do</c><00:08:37.320><c> agree</c><00:08:37.599><c> that</c><00:08:37.760><c> privacy</c>

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should disclose I do agree that privacy
 

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should disclose I do agree that privacy
is<00:08:38.279><c> a</c><00:08:38.440><c> big</c><00:08:38.640><c> issue</c><00:08:39.039><c> in</c><00:08:39.240><c> this</c><00:08:39.479><c> physical</c><00:08:39.880><c> space</c>

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is a big issue in this physical space
 

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is a big issue in this physical space
much<00:08:40.719><c> more</c><00:08:40.919><c> than</c><00:08:41.080><c> in</c><00:08:41.279><c> digital</c><00:08:41.680><c> is</c><00:08:41.800><c> the</c><00:08:42.039><c> reality</c>

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much more than in digital is the reality
 

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much more than in digital is the reality
um<00:08:43.200><c> I</c><00:08:43.279><c> can't</c><00:08:43.440><c> remember</c><00:08:43.680><c> your</c><00:08:43.839><c> first</c><00:08:44.039><c> question</c>

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um I can't remember your first question
 

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um I can't remember your first question
sorry<00:08:46.800><c> okay</c><00:08:47.000><c> so</c><00:08:47.279><c> that's</c><00:08:47.760><c> it</c><00:08:47.959><c> for</c><00:08:48.120><c> our</c><00:08:48.480><c> question</c>

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sorry okay so that's it for our question
 

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sorry okay so that's it for our question
session<00:08:49.160><c> today</c><00:08:49.800><c> and</c><00:08:50.000><c> can</c><00:08:50.360><c> please</c><00:08:50.560><c> reach</c><00:08:50.760><c> out</c>

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session today and can please reach out
 

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session today and can please reach out
to<00:08:51.000><c> James</c><00:08:51.440><c> if</c><00:08:51.560><c> you</c><00:08:51.720><c> have</c><00:08:52.000><c> any</c><00:08:52.160><c> further</c>

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to James if you have any further
 

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to James if you have any further
question<00:08:53.200><c> any</c><00:08:53.519><c> discussion</c><00:08:53.880><c> you</c><00:08:53.959><c> want</c><00:08:54.080><c> to</c>

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question any discussion you want to
 

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question any discussion you want to
continue<00:08:55.240><c> thank</c><00:08:55.440><c> you</c><00:08:55.680><c> again</c><00:08:56.279><c> thank</c><00:08:56.480><c> you</c>