WEBVTT Kind: captions Language: en 00:00:00.000 --> 00:00:04.350 align:start position:0% foreign 00:00:04.350 --> 00:00:04.360 align:start position:0% 00:00:04.360 --> 00:00:16.090 align:start position:0% [Music] 00:00:16.090 --> 00:00:16.100 align:start position:0% 00:00:16.100 --> 00:00:18.769 align:start position:0% well<00:00:17.100> good<00:00:17.340> morning<00:00:17.520> everyone<00:00:17.880> thank<00:00:18.480> you<00:00:18.660> for 00:00:18.769 --> 00:00:18.779 align:start position:0% well good morning everyone thank you for 00:00:18.779 --> 00:00:21.410 align:start position:0% well good morning everyone thank you for for<00:00:18.960> being<00:00:19.260> here<00:00:19.440> I<00:00:19.680> know<00:00:19.859> uh<00:00:20.640> mornings<00:00:21.240> after 00:00:21.410 --> 00:00:21.420 align:start position:0% for being here I know uh mornings after 00:00:21.420 --> 00:00:23.269 align:start position:0% for being here I know uh mornings after Ravi<00:00:21.900> can<00:00:22.140> be<00:00:22.320> a<00:00:22.439> bit<00:00:22.619> of<00:00:22.740> a<00:00:22.859> struggle<00:00:23.100> so 00:00:23.269 --> 00:00:23.279 align:start position:0% Ravi can be a bit of a struggle so 00:00:23.279 --> 00:00:25.370 align:start position:0% Ravi can be a bit of a struggle so appreciate<00:00:23.699> you<00:00:23.880> all<00:00:24.060> all<00:00:24.359> being<00:00:24.539> here 00:00:25.370 --> 00:00:25.380 align:start position:0% appreciate you all all being here 00:00:25.380 --> 00:00:27.050 align:start position:0% appreciate you all all being here uh<00:00:25.920> so<00:00:26.039> I'll<00:00:26.160> do<00:00:26.340> a<00:00:26.400> bit<00:00:26.519> of<00:00:26.580> an<00:00:26.699> introduction 00:00:27.050 --> 00:00:27.060 align:start position:0% uh so I'll do a bit of an introduction 00:00:27.060 --> 00:00:29.210 align:start position:0% uh so I'll do a bit of an introduction to<00:00:27.779> myself<00:00:27.960> and<00:00:28.500> the<00:00:28.619> ethereum<00:00:28.980> foundation 00:00:29.210 --> 00:00:29.220 align:start position:0% to myself and the ethereum foundation 00:00:29.220 --> 00:00:31.009 align:start position:0% to myself and the ethereum foundation next<00:00:29.400> billion<00:00:29.760> program<00:00:30.000> and<00:00:30.660> then<00:00:30.720> I'll<00:00:30.840> pass 00:00:31.009 --> 00:00:31.019 align:start position:0% next billion program and then I'll pass 00:00:31.019 --> 00:00:32.749 align:start position:0% next billion program and then I'll pass it<00:00:31.199> on<00:00:31.320> to<00:00:31.500> the<00:00:31.679> brilliant<00:00:32.040> panelists<00:00:32.520> we<00:00:32.640> have 00:00:32.749 --> 00:00:32.759 align:start position:0% it on to the brilliant panelists we have 00:00:32.759 --> 00:00:34.010 align:start position:0% it on to the brilliant panelists we have up<00:00:33.000> on<00:00:33.180> stage 00:00:34.010 --> 00:00:34.020 align:start position:0% up on stage 00:00:34.020 --> 00:00:36.110 align:start position:0% up on stage so<00:00:34.380> my<00:00:34.559> name<00:00:34.739> is<00:00:34.739> my<00:00:35.040> name<00:00:35.100> is<00:00:35.219> Marcus<00:00:35.579> I'm<00:00:35.880> a 00:00:36.110 --> 00:00:36.120 align:start position:0% so my name is my name is Marcus I'm a 00:00:36.120 --> 00:00:37.910 align:start position:0% so my name is my name is Marcus I'm a fellow<00:00:36.360> at<00:00:36.480> the<00:00:36.540> ethereum<00:00:36.899> foundation<00:00:37.260> where 00:00:37.910 --> 00:00:37.920 align:start position:0% fellow at the ethereum foundation where 00:00:37.920 --> 00:00:39.229 align:start position:0% fellow at the ethereum foundation where I<00:00:38.160> am<00:00:38.280> currently<00:00:38.520> researching<00:00:39.000> the 00:00:39.229 --> 00:00:39.239 align:start position:0% I am currently researching the 00:00:39.239 --> 00:00:41.150 align:start position:0% I am currently researching the implementations<00:00:39.780> of<00:00:40.200> Last<00:00:40.320> Mile<00:00:40.559> defy 00:00:41.150 --> 00:00:41.160 align:start position:0% implementations of Last Mile defy 00:00:41.160 --> 00:00:44.209 align:start position:0% implementations of Last Mile defy focusing<00:00:42.000> primarily<00:00:42.480> in<00:00:42.719> Latin<00:00:43.020> America<00:00:43.219> and 00:00:44.209 --> 00:00:44.219 align:start position:0% focusing primarily in Latin America and 00:00:44.219 --> 00:00:45.590 align:start position:0% focusing primarily in Latin America and essentially<00:00:44.520> asking<00:00:44.820> ourselves<00:00:45.120> how<00:00:45.360> can<00:00:45.480> we 00:00:45.590 --> 00:00:45.600 align:start position:0% essentially asking ourselves how can we 00:00:45.600 --> 00:00:47.930 align:start position:0% essentially asking ourselves how can we leverage<00:00:45.840> defy<00:00:46.500> to<00:00:46.860> not<00:00:47.280> just<00:00:47.399> you<00:00:47.700> know<00:00:47.760> bring 00:00:47.930 --> 00:00:47.940 align:start position:0% leverage defy to not just you know bring 00:00:47.940 --> 00:00:49.549 align:start position:0% leverage defy to not just you know bring financial<00:00:48.239> gain<00:00:48.660> but<00:00:48.899> actually<00:00:49.140> Empower 00:00:49.549 --> 00:00:49.559 align:start position:0% financial gain but actually Empower 00:00:49.559 --> 00:00:51.590 align:start position:0% financial gain but actually Empower livelihoods<00:00:50.280> in<00:00:50.340> a<00:00:50.520> real<00:00:50.760> very<00:00:51.000> tangible<00:00:51.360> way 00:00:51.590 --> 00:00:51.600 align:start position:0% livelihoods in a real very tangible way 00:00:51.600 --> 00:00:53.450 align:start position:0% livelihoods in a real very tangible way so<00:00:51.960> always<00:00:52.440> happy<00:00:52.739> to<00:00:52.920> talk<00:00:53.039> about<00:00:53.160> these 00:00:53.450 --> 00:00:53.460 align:start position:0% so always happy to talk about these 00:00:53.460 --> 00:00:56.810 align:start position:0% so always happy to talk about these things<00:00:53.640> at<00:00:54.539> a<00:00:54.660> later<00:00:54.780> stage<00:00:55.140> and<00:00:55.920> context-wise 00:00:56.810 --> 00:00:56.820 align:start position:0% things at a later stage and context-wise 00:00:56.820 --> 00:00:58.910 align:start position:0% things at a later stage and context-wise into<00:00:57.059> the<00:00:57.600> next<00:00:57.719> billion<00:00:58.079> team<00:00:58.320> really<00:00:58.680> the 00:00:58.910 --> 00:00:58.920 align:start position:0% into the next billion team really the 00:00:58.920 --> 00:01:00.709 align:start position:0% into the next billion team really the the<00:00:59.100> essence<00:00:59.520> of<00:00:59.699> next<00:00:59.879> billion<00:01:00.300> is<00:01:00.420> to<00:01:00.539> ask 00:01:00.709 --> 00:01:00.719 align:start position:0% the essence of next billion is to ask 00:01:00.719 --> 00:01:03.529 align:start position:0% the essence of next billion is to ask ourselves<00:01:01.079> how<00:01:01.440> can<00:01:01.620> we<00:01:01.920> leverage<00:01:02.879> ethereum 00:01:03.529 --> 00:01:03.539 align:start position:0% ourselves how can we leverage ethereum 00:01:03.539 --> 00:01:06.050 align:start position:0% ourselves how can we leverage ethereum and<00:01:03.780> web<00:01:03.960> 3<00:01:04.260> not<00:01:05.040> just<00:01:05.159> to<00:01:05.400> onboard<00:01:05.700> the<00:01:05.939> next 00:01:06.050 --> 00:01:06.060 align:start position:0% and web 3 not just to onboard the next 00:01:06.060 --> 00:01:07.850 align:start position:0% and web 3 not just to onboard the next billion<00:01:06.360> users<00:01:06.720> but<00:01:06.960> to<00:01:07.140> create<00:01:07.320> tangible 00:01:07.850 --> 00:01:07.860 align:start position:0% billion users but to create tangible 00:01:07.860 --> 00:01:10.490 align:start position:0% billion users but to create tangible very<00:01:08.220> visceral<00:01:08.640> changes<00:01:09.060> in<00:01:09.299> their<00:01:09.420> lives<00:01:09.720> and 00:01:10.490 --> 00:01:10.500 align:start position:0% very visceral changes in their lives and 00:01:10.500 --> 00:01:13.609 align:start position:0% very visceral changes in their lives and do<00:01:10.920> so<00:01:11.040> at<00:01:11.220> a<00:01:11.400> very<00:01:11.460> scalable<00:01:11.820> level<00:01:12.000> so<00:01:12.619> with 00:01:13.609 --> 00:01:13.619 align:start position:0% do so at a very scalable level so with 00:01:13.619 --> 00:01:15.830 align:start position:0% do so at a very scalable level so with that<00:01:13.799> I<00:01:14.220> will<00:01:14.400> pass<00:01:14.640> it<00:01:14.820> on<00:01:15.000> to<00:01:15.240> the<00:01:15.720> three 00:01:15.830 --> 00:01:15.840 align:start position:0% that I will pass it on to the three 00:01:15.840 --> 00:01:17.870 align:start position:0% that I will pass it on to the three panelists<00:01:16.380> here<00:01:16.500> to<00:01:16.619> my<00:01:16.799> left<00:01:16.920> and<00:01:17.220> allow<00:01:17.760> them 00:01:17.870 --> 00:01:17.880 align:start position:0% panelists here to my left and allow them 00:01:17.880 --> 00:01:19.370 align:start position:0% panelists here to my left and allow them to<00:01:18.000> introduce<00:01:18.299> ourselves<00:01:18.720> and<00:01:18.900> tell<00:01:19.200> us<00:01:19.320> a 00:01:19.370 --> 00:01:19.380 align:start position:0% to introduce ourselves and tell us a 00:01:19.380 --> 00:01:20.510 align:start position:0% to introduce ourselves and tell us a little<00:01:19.439> bit<00:01:19.560> about<00:01:19.680> what<00:01:19.979> they're<00:01:20.100> working<00:01:20.280> on 00:01:20.510 --> 00:01:20.520 align:start position:0% little bit about what they're working on 00:01:20.520 --> 00:01:23.030 align:start position:0% little bit about what they're working on hi<00:01:21.119> I'm<00:01:21.299> Abhishek<00:01:21.780> bhattacharya<00:01:22.500> I'm<00:01:22.740> one<00:01:22.920> of 00:01:23.030 --> 00:01:23.040 align:start position:0% hi I'm Abhishek bhattacharya I'm one of 00:01:23.040 --> 00:01:24.590 align:start position:0% hi I'm Abhishek bhattacharya I'm one of the<00:01:23.159> co-founders<00:01:23.700> at<00:01:23.939> a<00:01:24.119> project<00:01:24.240> called 00:01:24.590 --> 00:01:24.600 align:start position:0% the co-founders at a project called 00:01:24.600 --> 00:01:26.149 align:start position:0% the co-founders at a project called world 00:01:26.149 --> 00:01:26.159 align:start position:0% world 00:01:26.159 --> 00:01:28.789 align:start position:0% world what<00:01:26.700> we<00:01:26.820> do<00:01:27.000> is<00:01:27.119> we<00:01:27.299> are<00:01:27.479> a<00:01:27.600> C5<00:01:27.900> to<00:01:28.140> D5<00:01:28.500> Bridge 00:01:28.789 --> 00:01:28.799 align:start position:0% what we do is we are a C5 to D5 Bridge 00:01:28.799 --> 00:01:31.370 align:start position:0% what we do is we are a C5 to D5 Bridge we<00:01:29.280> are<00:01:29.460> we<00:01:30.360> started<00:01:30.720> three<00:01:30.960> years<00:01:31.080> back 00:01:31.370 --> 00:01:31.380 align:start position:0% we are we started three years back 00:01:31.380 --> 00:01:33.649 align:start position:0% we are we started three years back helping<00:01:31.920> Farmers<00:01:32.400> enabling<00:01:32.939> Farmers<00:01:33.420> take 00:01:33.649 --> 00:01:33.659 align:start position:0% helping Farmers enabling Farmers take 00:01:33.659 --> 00:01:35.870 align:start position:0% helping Farmers enabling Farmers take loan<00:01:34.080> against<00:01:34.380> their<00:01:34.799> crops<00:01:35.340> that<00:01:35.579> they<00:01:35.700> can 00:01:35.870 --> 00:01:35.880 align:start position:0% loan against their crops that they can 00:01:35.880 --> 00:01:38.569 align:start position:0% loan against their crops that they can store<00:01:36.060> right<00:01:36.780> after<00:01:36.960> harvesting<00:01:37.619> uh<00:01:38.220> Farmers 00:01:38.569 --> 00:01:38.579 align:start position:0% store right after harvesting uh Farmers 00:01:38.579 --> 00:01:41.330 align:start position:0% store right after harvesting uh Farmers receive<00:01:38.880> very<00:01:39.180> less<00:01:39.479> uh<00:01:40.079> price<00:01:40.560> for<00:01:40.860> the<00:01:40.979> crops 00:01:41.330 --> 00:01:41.340 align:start position:0% receive very less uh price for the crops 00:01:41.340 --> 00:01:43.249 align:start position:0% receive very less uh price for the crops that<00:01:41.520> for<00:01:41.820> the<00:01:41.939> for<00:01:42.060> per<00:01:42.240> kilogram<00:01:42.600> price<00:01:43.079> for 00:01:43.249 --> 00:01:43.259 align:start position:0% that for the for per kilogram price for 00:01:43.259 --> 00:01:45.590 align:start position:0% that for the for per kilogram price for the<00:01:43.380> crops<00:01:43.619> that<00:01:43.740> they<00:01:43.860> grow<00:01:44.520> we<00:01:45.060> enable<00:01:45.360> them 00:01:45.590 --> 00:01:45.600 align:start position:0% the crops that they grow we enable them 00:01:45.600 --> 00:01:47.510 align:start position:0% the crops that they grow we enable them we<00:01:45.900> encourage<00:01:46.259> them<00:01:46.439> to<00:01:46.799> store<00:01:47.040> it<00:01:47.220> in<00:01:47.340> a 00:01:47.510 --> 00:01:47.520 align:start position:0% we encourage them to store it in a 00:01:47.520 --> 00:01:49.190 align:start position:0% we encourage them to store it in a warehouse<00:01:47.820> in<00:01:48.180> a<00:01:48.360> government<00:01:48.479> or<00:01:48.780> a<00:01:48.960> private 00:01:49.190 --> 00:01:49.200 align:start position:0% warehouse in a government or a private 00:01:49.200 --> 00:01:51.230 align:start position:0% warehouse in a government or a private warehouse<00:01:49.500> and<00:01:49.799> sell<00:01:49.979> it<00:01:50.159> off<00:01:50.280> after<00:01:50.460> three<00:01:50.939> or 00:01:51.230 --> 00:01:51.240 align:start position:0% warehouse and sell it off after three or 00:01:51.240 --> 00:01:53.569 align:start position:0% warehouse and sell it off after three or four<00:01:51.420> months<00:01:51.720> when<00:01:52.020> the<00:01:52.140> prices<00:01:52.380> are<00:01:52.799> 40<00:01:53.040> or 00:01:53.569 --> 00:01:53.579 align:start position:0% four months when the prices are 40 or 00:01:53.579 --> 00:01:55.670 align:start position:0% four months when the prices are 40 or even<00:01:53.759> sometimes<00:01:54.119> 100<00:01:54.299> to<00:01:54.540> 100<00:01:54.780> percent<00:01:55.020> better 00:01:55.670 --> 00:01:55.680 align:start position:0% even sometimes 100 to 100 percent better 00:01:55.680 --> 00:01:57.649 align:start position:0% even sometimes 100 to 100 percent better we<00:01:55.979> use<00:01:56.100> blockchain<00:01:56.520> to<00:01:56.700> do<00:01:56.880> that<00:01:57.060> to<00:01:57.540> bring 00:01:57.649 --> 00:01:57.659 align:start position:0% we use blockchain to do that to bring 00:01:57.659 --> 00:01:59.389 align:start position:0% we use blockchain to do that to bring banks<00:01:58.200> on<00:01:58.439> the<00:01:58.560> table<00:01:58.680> we'll<00:01:58.979> be<00:01:59.100> discussing 00:01:59.389 --> 00:01:59.399 align:start position:0% banks on the table we'll be discussing 00:01:59.399 --> 00:02:01.370 align:start position:0% banks on the table we'll be discussing about<00:01:59.579> that<00:01:59.820> as<00:01:59.939> well<00:02:00.119> that<00:02:00.299> how<00:02:00.540> we<00:02:01.200> brought 00:02:01.370 --> 00:02:01.380 align:start position:0% about that as well that how we brought 00:02:01.380 --> 00:02:04.010 align:start position:0% about that as well that how we brought Banks<00:02:01.799> onto<00:02:02.100> blockchain<00:02:02.520> and<00:02:03.299> that<00:02:03.659> is<00:02:03.780> what 00:02:04.010 --> 00:02:04.020 align:start position:0% Banks onto blockchain and that is what 00:02:04.020 --> 00:02:05.929 align:start position:0% Banks onto blockchain and that is what we've<00:02:04.200> been<00:02:04.320> doing<00:02:04.500> now<00:02:04.860> we<00:02:05.219> are<00:02:05.340> going<00:02:05.520> on<00:02:05.820> to 00:02:05.929 --> 00:02:05.939 align:start position:0% we've been doing now we are going on to 00:02:05.939 --> 00:02:08.270 align:start position:0% we've been doing now we are going on to decentralized<00:02:06.600> finance<00:02:07.020> soon<00:02:07.380> so<00:02:07.619> that<00:02:07.860> the 00:02:08.270 --> 00:02:08.280 align:start position:0% decentralized finance soon so that the 00:02:08.280 --> 00:02:10.370 align:start position:0% decentralized finance soon so that the same<00:02:08.399> farmers<00:02:08.880> in<00:02:09.420> a<00:02:09.539> country<00:02:09.599> like<00:02:09.840> India<00:02:10.200> and 00:02:10.370 --> 00:02:10.380 align:start position:0% same farmers in a country like India and 00:02:10.380 --> 00:02:12.229 align:start position:0% same farmers in a country like India and maybe<00:02:10.560> everywhere<00:02:11.160> else<00:02:11.340> can<00:02:11.700> get<00:02:11.879> access<00:02:12.000> to 00:02:12.229 --> 00:02:12.239 align:start position:0% maybe everywhere else can get access to 00:02:12.239 --> 00:02:15.050 align:start position:0% maybe everywhere else can get access to D5<00:02:12.660> lending<00:02:13.319> as<00:02:13.440> well 00:02:15.050 --> 00:02:15.060 align:start position:0% D5 lending as well 00:02:15.060 --> 00:02:16.190 align:start position:0% D5 lending as well thank<00:02:15.239> you 00:02:16.190 --> 00:02:16.200 align:start position:0% thank you 00:02:16.200 --> 00:02:18.710 align:start position:0% thank you thank<00:02:16.800> you<00:02:16.920> so<00:02:17.400> I'm<00:02:17.580> Gabriela<00:02:18.300> I'm<00:02:18.540> from 00:02:18.710 --> 00:02:18.720 align:start position:0% thank you so I'm Gabriela I'm from 00:02:18.720 --> 00:02:23.770 align:start position:0% thank you so I'm Gabriela I'm from Mexico<00:02:19.340> I<00:02:20.340> am<00:02:20.520> working<00:02:20.819> on<00:02:21.239> blowings<00:02:21.780> blo<00:02:22.620> INX 00:02:23.770 --> 00:02:23.780 align:start position:0% Mexico I am working on blowings blo INX 00:02:23.780 --> 00:02:26.570 align:start position:0% Mexico I am working on blowings blo INX that's<00:02:24.780> an<00:02:25.020> application<00:02:25.580> decentralized 00:02:26.570 --> 00:02:26.580 align:start position:0% that's an application decentralized 00:02:26.580 --> 00:02:29.089 align:start position:0% that's an application decentralized application<00:02:27.000> that<00:02:27.780> manages<00:02:28.200> saving<00:02:28.739> circles 00:02:29.089 --> 00:02:29.099 align:start position:0% application that manages saving circles 00:02:29.099 --> 00:02:31.750 align:start position:0% application that manages saving circles you<00:02:29.879> might<00:02:30.000> know<00:02:30.180> them<00:02:30.420> as<00:02:30.840> standards 00:02:31.750 --> 00:02:31.760 align:start position:0% you might know them as standards 00:02:31.760 --> 00:02:35.030 align:start position:0% you might know them as standards Couture's<00:02:32.780> cheat<00:02:33.780> funds<00:02:34.260> or<00:02:34.500> many<00:02:34.800> ways 00:02:35.030 --> 00:02:35.040 align:start position:0% Couture's cheat funds or many ways 00:02:35.040 --> 00:02:36.369 align:start position:0% Couture's cheat funds or many ways around<00:02:35.220> the<00:02:35.520> world 00:02:36.369 --> 00:02:36.379 align:start position:0% around the world 00:02:36.379 --> 00:02:39.830 align:start position:0% around the world that's<00:02:37.379> a<00:02:37.680> way<00:02:37.860> of<00:02:38.099> people<00:02:38.340> to<00:02:38.760> actually<00:02:39.060> let's 00:02:39.830 --> 00:02:39.840 align:start position:0% that's a way of people to actually let's 00:02:39.840 --> 00:02:41.509 align:start position:0% that's a way of people to actually let's say<00:02:40.020> get<00:02:40.260> an<00:02:40.379> interest-free<00:02:40.739> loan<00:02:41.099> if<00:02:41.400> you're 00:02:41.509 --> 00:02:41.519 align:start position:0% say get an interest-free loan if you're 00:02:41.519 --> 00:02:44.750 align:start position:0% say get an interest-free loan if you're one<00:02:41.760> of<00:02:41.940> the<00:02:42.060> first<00:02:42.680> uh<00:02:43.680> from<00:02:44.099> your<00:02:44.280> friends<00:02:44.459> or 00:02:44.750 --> 00:02:44.760 align:start position:0% one of the first uh from your friends or 00:02:44.760 --> 00:02:47.150 align:start position:0% one of the first uh from your friends or your<00:02:45.300> family<00:02:45.540> members<00:02:45.959> and<00:02:46.680> if<00:02:46.860> you're<00:02:46.920> the 00:02:47.150 --> 00:02:47.160 align:start position:0% your family members and if you're the 00:02:47.160 --> 00:02:49.009 align:start position:0% your family members and if you're the last<00:02:47.280> you're<00:02:47.580> actually<00:02:47.819> contributing<00:02:48.780> for 00:02:49.009 --> 00:02:49.019 align:start position:0% last you're actually contributing for 00:02:49.019 --> 00:02:53.390 align:start position:0% last you're actually contributing for them<00:02:49.200> to<00:02:49.860> get<00:02:50.040> this<00:02:50.400> these<00:02:51.000> loan<00:02:51.980> why<00:02:52.980> this<00:02:53.280> is 00:02:53.390 --> 00:02:53.400 align:start position:0% them to get this these loan why this is 00:02:53.400 --> 00:02:56.509 align:start position:0% them to get this these loan why this is important<00:02:53.819> for<00:02:54.300> us<00:02:54.540> in<00:02:55.319> Mexico<00:02:55.860> and<00:02:56.160> Latin 00:02:56.509 --> 00:02:56.519 align:start position:0% important for us in Mexico and Latin 00:02:56.519 --> 00:02:58.729 align:start position:0% important for us in Mexico and Latin America<00:02:56.580> Asia<00:02:57.239> and<00:02:57.300> Africa<00:02:57.720> it's<00:02:58.080> not<00:02:58.440> easy 00:02:58.729 --> 00:02:58.739 align:start position:0% America Asia and Africa it's not easy 00:02:58.739 --> 00:03:00.890 align:start position:0% America Asia and Africa it's not easy for<00:02:59.040> us<00:02:59.160> to<00:02:59.340> get<00:02:59.400> a<00:02:59.580> loan<00:02:59.819> and<00:03:00.239> if<00:03:00.420> we<00:03:00.540> get<00:03:00.660> one 00:03:00.890 --> 00:03:00.900 align:start position:0% for us to get a loan and if we get one 00:03:00.900 --> 00:03:03.290 align:start position:0% for us to get a loan and if we get one it's<00:03:01.440> super<00:03:01.620> normal<00:03:01.860> to<00:03:02.220> have<00:03:02.340> 50<00:03:02.640> interest 00:03:03.290 --> 00:03:03.300 align:start position:0% it's super normal to have 50 interest 00:03:03.300 --> 00:03:05.869 align:start position:0% it's super normal to have 50 interest rate<00:03:03.599> 100<00:03:03.959> percent<00:03:04.500> and<00:03:05.220> people<00:03:05.400> don't<00:03:05.700> read 00:03:05.869 --> 00:03:05.879 align:start position:0% rate 100 percent and people don't read 00:03:05.879 --> 00:03:08.869 align:start position:0% rate 100 percent and people don't read the<00:03:06.239> small<00:03:06.420> letters<00:03:06.840> so<00:03:07.319> we<00:03:07.560> get<00:03:07.800> into<00:03:08.220> very 00:03:08.869 --> 00:03:08.879 align:start position:0% the small letters so we get into very 00:03:08.879 --> 00:03:11.750 align:start position:0% the small letters so we get into very big<00:03:09.180> depth<00:03:09.660> so<00:03:10.500> this<00:03:10.980> is<00:03:11.099> why<00:03:11.220> it's<00:03:11.340> important 00:03:11.750 --> 00:03:11.760 align:start position:0% big depth so this is why it's important 00:03:11.760 --> 00:03:14.509 align:start position:0% big depth so this is why it's important to<00:03:12.360> give<00:03:12.540> them<00:03:12.720> options<00:03:13.200> to<00:03:13.860> actually<00:03:13.980> have 00:03:14.509 --> 00:03:14.519 align:start position:0% to give them options to actually have 00:03:14.519 --> 00:03:18.530 align:start position:0% to give them options to actually have this<00:03:14.940> let's<00:03:15.360> say<00:03:15.540> social<00:03:16.080> credit<00:03:16.760> options<00:03:17.760> so 00:03:18.530 --> 00:03:18.540 align:start position:0% this let's say social credit options so 00:03:18.540 --> 00:03:20.270 align:start position:0% this let's say social credit options so that's<00:03:18.840> what<00:03:19.080> we're<00:03:19.140> doing 00:03:20.270 --> 00:03:20.280 align:start position:0% that's what we're doing 00:03:20.280 --> 00:03:22.009 align:start position:0% that's what we're doing hello<00:03:20.940> everyone 00:03:22.009 --> 00:03:22.019 align:start position:0% hello everyone 00:03:22.019 --> 00:03:24.830 align:start position:0% hello everyone my<00:03:22.500> name<00:03:22.560> is<00:03:22.680> Benson<00:03:23.099> yuguna<00:03:23.819> I<00:03:24.480> come<00:03:24.659> from 00:03:24.830 --> 00:03:24.840 align:start position:0% my name is Benson yuguna I come from 00:03:24.840 --> 00:03:26.630 align:start position:0% my name is Benson yuguna I come from Kenya 00:03:26.630 --> 00:03:26.640 align:start position:0% Kenya 00:03:26.640 --> 00:03:28.550 align:start position:0% Kenya we've<00:03:27.120> been<00:03:27.300> working<00:03:27.480> with<00:03:27.900> smallholder 00:03:28.550 --> 00:03:28.560 align:start position:0% we've been working with smallholder 00:03:28.560 --> 00:03:31.910 align:start position:0% we've been working with smallholder Farmers<00:03:28.980> with<00:03:29.280> acre<00:03:29.640> Africa<00:03:30.500> solving<00:03:31.500> the 00:03:31.910 --> 00:03:31.920 align:start position:0% Farmers with acre Africa solving the 00:03:31.920 --> 00:03:34.970 align:start position:0% Farmers with acre Africa solving the insurance<00:03:32.280> problem<00:03:32.819> so<00:03:33.540> Agri<00:03:34.080> insurance<00:03:34.260> has 00:03:34.970 --> 00:03:34.980 align:start position:0% insurance problem so Agri insurance has 00:03:34.980 --> 00:03:37.490 align:start position:0% insurance problem so Agri insurance has been<00:03:35.280> a<00:03:36.120> problem<00:03:36.300> where<00:03:36.659> we<00:03:36.900> have<00:03:37.080> very<00:03:37.319> low 00:03:37.490 --> 00:03:37.500 align:start position:0% been a problem where we have very low 00:03:37.500 --> 00:03:39.649 align:start position:0% been a problem where we have very low penetration<00:03:38.099> for<00:03:38.760> years<00:03:38.940> it<00:03:39.180> has<00:03:39.360> been<00:03:39.480> around 00:03:39.649 --> 00:03:39.659 align:start position:0% penetration for years it has been around 00:03:39.659 --> 00:03:42.229 align:start position:0% penetration for years it has been around three<00:03:40.019> percent<00:03:40.260> of<00:03:40.799> the<00:03:40.920> smallholders<00:03:41.519> taking 00:03:42.229 --> 00:03:42.239 align:start position:0% three percent of the smallholders taking 00:03:42.239 --> 00:03:45.289 align:start position:0% three percent of the smallholders taking up<00:03:42.480> insurance<00:03:42.920> and<00:03:43.920> we<00:03:44.280> feel<00:03:44.459> it's<00:03:44.879> important 00:03:45.289 --> 00:03:45.299 align:start position:0% up insurance and we feel it's important 00:03:45.299 --> 00:03:47.630 align:start position:0% up insurance and we feel it's important for<00:03:45.720> them<00:03:45.840> to<00:03:46.019> take<00:03:46.200> up<00:03:46.379> insurance<00:03:46.620> and<00:03:47.459> many 00:03:47.630 --> 00:03:47.640 align:start position:0% for them to take up insurance and many 00:03:47.640 --> 00:03:50.270 align:start position:0% for them to take up insurance and many other<00:03:47.940> traders<00:03:48.599> who<00:03:49.260> are<00:03:49.500> earning<00:03:49.799> an<00:03:49.920> income 00:03:50.270 --> 00:03:50.280 align:start position:0% other traders who are earning an income 00:03:50.280 --> 00:03:52.430 align:start position:0% other traders who are earning an income because<00:03:50.879> we<00:03:51.299> were<00:03:51.540> able<00:03:51.720> to<00:03:51.840> protect<00:03:52.260> them 00:03:52.430 --> 00:03:52.440 align:start position:0% because we were able to protect them 00:03:52.440 --> 00:03:55.330 align:start position:0% because we were able to protect them because<00:03:52.739> lack<00:03:53.519> of<00:03:53.580> insurance<00:03:53.819> has<00:03:54.480> left<00:03:54.780> most 00:03:55.330 --> 00:03:55.340 align:start position:0% because lack of insurance has left most 00:03:55.340 --> 00:03:58.750 align:start position:0% because lack of insurance has left most of<00:03:56.340> the<00:03:56.700> the<00:03:57.000> farmers<00:03:57.420> exposed<00:03:58.019> to 00:03:58.750 --> 00:03:58.760 align:start position:0% of the the farmers exposed to 00:03:58.760 --> 00:04:02.289 align:start position:0% of the the farmers exposed to hunger<00:03:59.760> because<00:04:00.000> after<00:04:00.959> a<00:04:01.260> climate<00:04:01.680> effect 00:04:02.289 --> 00:04:02.299 align:start position:0% hunger because after a climate effect 00:04:02.299 --> 00:04:05.990 align:start position:0% hunger because after a climate effect then<00:04:03.299> no<00:04:03.659> food<00:04:03.900> then<00:04:04.500> it<00:04:04.920> means<00:04:05.280> they<00:04:05.819> can't 00:04:05.990 --> 00:04:06.000 align:start position:0% then no food then it means they can't 00:04:06.000 --> 00:04:08.089 align:start position:0% then no food then it means they can't sell<00:04:06.239> because<00:04:06.599> it<00:04:07.019> also<00:04:07.440> the<00:04:07.620> food<00:04:07.739> has<00:04:07.980> been 00:04:08.089 --> 00:04:08.099 align:start position:0% sell because it also the food has been 00:04:08.099 --> 00:04:10.729 align:start position:0% sell because it also the food has been affected<00:04:08.519> meaning<00:04:08.819> no<00:04:09.180> income<00:04:09.599> and<00:04:10.319> a<00:04:10.560> whole 00:04:10.729 --> 00:04:10.739 align:start position:0% affected meaning no income and a whole 00:04:10.739 --> 00:04:14.030 align:start position:0% affected meaning no income and a whole cycle<00:04:11.099> of<00:04:11.939> unfavorable<00:04:12.720> things<00:04:13.080> so<00:04:13.560> with<00:04:13.860> that 00:04:14.030 --> 00:04:14.040 align:start position:0% cycle of unfavorable things so with that 00:04:14.040 --> 00:04:17.750 align:start position:0% cycle of unfavorable things so with that we<00:04:14.700> are<00:04:14.879> doing<00:04:15.060> this<00:04:15.979> solving<00:04:16.979> the<00:04:17.280> problems 00:04:17.750 --> 00:04:17.760 align:start position:0% we are doing this solving the problems 00:04:17.760 --> 00:04:19.610 align:start position:0% we are doing this solving the problems that<00:04:18.180> are<00:04:18.660> making<00:04:18.780> them<00:04:19.019> not<00:04:19.199> take<00:04:19.440> up 00:04:19.610 --> 00:04:19.620 align:start position:0% that are making them not take up 00:04:19.620 --> 00:04:22.129 align:start position:0% that are making them not take up insurance<00:04:19.859> and<00:04:20.699> blockchain<00:04:21.239> has<00:04:21.720> helped<00:04:22.019> us 00:04:22.129 --> 00:04:22.139 align:start position:0% insurance and blockchain has helped us 00:04:22.139 --> 00:04:24.290 align:start position:0% insurance and blockchain has helped us to<00:04:22.620> do<00:04:22.979> some<00:04:23.220> of<00:04:23.340> these<00:04:23.580> things<00:04:23.759> which<00:04:24.060> we'll 00:04:24.290 --> 00:04:24.300 align:start position:0% to do some of these things which we'll 00:04:24.300 --> 00:04:26.810 align:start position:0% to do some of these things which we'll discuss<00:04:24.540> as<00:04:24.720> we<00:04:24.900> go<00:04:25.020> on<00:04:25.199> thank<00:04:25.740> you<00:04:25.860> Marcus 00:04:26.810 --> 00:04:26.820 align:start position:0% discuss as we go on thank you Marcus 00:04:26.820 --> 00:04:28.850 align:start position:0% discuss as we go on thank you Marcus awesome<00:04:27.300> thank<00:04:27.900> you<00:04:28.320> um<00:04:28.320> so<00:04:28.560> yeah<00:04:28.680> an 00:04:28.850 --> 00:04:28.860 align:start position:0% awesome thank you um so yeah an 00:04:28.860 --> 00:04:31.129 align:start position:0% awesome thank you um so yeah an incredible<00:04:29.280> group<00:04:30.060> of<00:04:30.180> people<00:04:30.419> here<00:04:30.780> doing 00:04:31.129 --> 00:04:31.139 align:start position:0% incredible group of people here doing 00:04:31.139 --> 00:04:33.710 align:start position:0% incredible group of people here doing amazing<00:04:31.860> work<00:04:32.100> uh<00:04:32.880> really<00:04:33.120> just<00:04:33.300> changing 00:04:33.710 --> 00:04:33.720 align:start position:0% amazing work uh really just changing 00:04:33.720 --> 00:04:35.210 align:start position:0% amazing work uh really just changing people's<00:04:34.020> lives<00:04:34.259> in<00:04:34.440> a<00:04:34.740> very<00:04:34.800> real<00:04:34.979> sense 00:04:35.210 --> 00:04:35.220 align:start position:0% people's lives in a very real sense 00:04:35.220 --> 00:04:37.310 align:start position:0% people's lives in a very real sense using<00:04:35.639> you<00:04:35.880> know<00:04:35.940> this<00:04:36.060> technology<00:04:36.479> so<00:04:36.720> I<00:04:37.139> mean 00:04:37.310 --> 00:04:37.320 align:start position:0% using you know this technology so I mean 00:04:37.320 --> 00:04:39.530 align:start position:0% using you know this technology so I mean I<00:04:37.500> just<00:04:38.040> before<00:04:38.280> maybe<00:04:38.699> to<00:04:38.940> set<00:04:39.180> a<00:04:39.360> little<00:04:39.419> bit 00:04:39.530 --> 00:04:39.540 align:start position:0% I just before maybe to set a little bit 00:04:39.540 --> 00:04:41.689 align:start position:0% I just before maybe to set a little bit of<00:04:39.600> context<00:04:39.960> we<00:04:40.620> could<00:04:40.740> just<00:04:40.919> go<00:04:41.100> around<00:04:41.220> and 00:04:41.689 --> 00:04:41.699 align:start position:0% of context we could just go around and 00:04:41.699 --> 00:04:44.749 align:start position:0% of context we could just go around and and<00:04:42.000> uh<00:04:42.600> just<00:04:43.020> perhaps<00:04:43.320> lay<00:04:43.680> the<00:04:43.919> scene<00:04:44.100> of<00:04:44.460> you 00:04:44.749 --> 00:04:44.759 align:start position:0% and uh just perhaps lay the scene of you 00:04:44.759 --> 00:04:46.850 align:start position:0% and uh just perhaps lay the scene of you know<00:04:44.820> we've<00:04:45.060> got<00:04:45.180> India<00:04:45.780> Latin<00:04:46.500> America<00:04:46.620> and 00:04:46.850 --> 00:04:46.860 align:start position:0% know we've got India Latin America and 00:04:46.860 --> 00:04:48.710 align:start position:0% know we've got India Latin America and Africa<00:04:47.220> up<00:04:47.340> out<00:04:47.520> here<00:04:47.639> on<00:04:47.820> stage 00:04:48.710 --> 00:04:48.720 align:start position:0% Africa up out here on stage 00:04:48.720 --> 00:04:50.890 align:start position:0% Africa up out here on stage across<00:04:49.380> each<00:04:49.620> of<00:04:49.740> your<00:04:49.860> respective<00:04:50.400> regions 00:04:50.890 --> 00:04:50.900 align:start position:0% across each of your respective regions 00:04:50.900 --> 00:04:53.510 align:start position:0% across each of your respective regions what<00:04:51.900> have<00:04:52.259> you<00:04:52.380> what<00:04:52.740> is<00:04:53.040> it<00:04:53.160> about<00:04:53.280> the 00:04:53.510 --> 00:04:53.520 align:start position:0% what have you what is it about the 00:04:53.520 --> 00:04:55.010 align:start position:0% what have you what is it about the traditional<00:04:53.940> systems<00:04:54.540> and<00:04:54.780> our<00:04:54.900> current 00:04:55.010 --> 00:04:55.020 align:start position:0% traditional systems and our current 00:04:55.020 --> 00:04:57.230 align:start position:0% traditional systems and our current incumbent<00:04:55.560> systems<00:04:55.979> that<00:04:56.280> are<00:04:56.460> set<00:04:56.820> in<00:04:57.000> place 00:04:57.230 --> 00:04:57.240 align:start position:0% incumbent systems that are set in place 00:04:57.240 --> 00:04:59.330 align:start position:0% incumbent systems that are set in place that<00:04:57.960> are<00:04:58.080> currently<00:04:58.320> falling<00:04:58.680> short<00:04:58.860> for 00:04:59.330 --> 00:04:59.340 align:start position:0% that are currently falling short for 00:04:59.340 --> 00:05:01.790 align:start position:0% that are currently falling short for whether<00:04:59.880> it's<00:05:00.240> for<00:05:00.479> Farmers<00:05:00.960> or<00:05:01.320> for<00:05:01.560> local 00:05:01.790 --> 00:05:01.800 align:start position:0% whether it's for Farmers or for local 00:05:01.800 --> 00:05:04.490 align:start position:0% whether it's for Farmers or for local communities<00:05:02.220> and<00:05:02.520> saving<00:05:02.820> circles<00:05:03.180> where<00:05:04.139> are 00:05:04.490 --> 00:05:04.500 align:start position:0% communities and saving circles where are 00:05:04.500 --> 00:05:06.050 align:start position:0% communities and saving circles where are traditional<00:05:05.220> and<00:05:05.400> Company<00:05:05.520> institutions 00:05:06.050 --> 00:05:06.060 align:start position:0% traditional and Company institutions 00:05:06.060 --> 00:05:08.330 align:start position:0% traditional and Company institutions falling<00:05:06.600> short<00:05:06.780> and<00:05:07.680> on<00:05:07.860> the<00:05:07.979> other<00:05:08.100> side<00:05:08.220> of 00:05:08.330 --> 00:05:08.340 align:start position:0% falling short and on the other side of 00:05:08.340 --> 00:05:10.129 align:start position:0% falling short and on the other side of the<00:05:08.460> equation<00:05:08.699> there<00:05:09.000> what<00:05:09.600> is<00:05:09.720> it<00:05:09.840> unique 00:05:10.129 --> 00:05:10.139 align:start position:0% the equation there what is it unique 00:05:10.139 --> 00:05:12.469 align:start position:0% the equation there what is it unique what<00:05:10.380> is<00:05:10.500> unique<00:05:10.740> about<00:05:10.860> defy<00:05:11.580> that<00:05:11.940> enables 00:05:12.469 --> 00:05:12.479 align:start position:0% what is unique about defy that enables 00:05:12.479 --> 00:05:15.350 align:start position:0% what is unique about defy that enables your<00:05:13.080> proposition<00:05:13.440> to<00:05:13.680> be<00:05:13.800> unlocked<00:05:14.360> through 00:05:15.350 --> 00:05:15.360 align:start position:0% your proposition to be unlocked through 00:05:15.360 --> 00:05:17.390 align:start position:0% your proposition to be unlocked through leveraging<00:05:16.080> you<00:05:16.259> know<00:05:16.320> distributed<00:05:16.740> ledgers 00:05:17.390 --> 00:05:17.400 align:start position:0% leveraging you know distributed ledgers 00:05:17.400 --> 00:05:18.110 align:start position:0% leveraging you know distributed ledgers Etc 00:05:18.110 --> 00:05:18.120 align:start position:0% Etc 00:05:18.120 --> 00:05:20.930 align:start position:0% Etc so<00:05:18.780> uh<00:05:18.960> maybe<00:05:19.199> I'll<00:05:19.560> be<00:05:19.740> sure<00:05:20.220> kick<00:05:20.580> it<00:05:20.699> off<00:05:20.820> to 00:05:20.930 --> 00:05:20.940 align:start position:0% so uh maybe I'll be sure kick it off to 00:05:20.940 --> 00:05:23.029 align:start position:0% so uh maybe I'll be sure kick it off to you<00:05:21.060> sure<00:05:21.479> currently<00:05:22.080> uh<00:05:22.440> in<00:05:22.740> India 00:05:23.029 --> 00:05:23.039 align:start position:0% you sure currently uh in India 00:05:23.039 --> 00:05:24.890 align:start position:0% you sure currently uh in India everywhere<00:05:23.759> else<00:05:23.880> also<00:05:24.180> as<00:05:24.300> we<00:05:24.479> are<00:05:24.600> expanding 00:05:24.890 --> 00:05:24.900 align:start position:0% everywhere else also as we are expanding 00:05:24.900 --> 00:05:27.350 align:start position:0% everywhere else also as we are expanding globally<00:05:25.139> we've<00:05:25.380> seen<00:05:25.560> many<00:05:25.740> other<00:05:25.919> countries 00:05:27.350 --> 00:05:27.360 align:start position:0% globally we've seen many other countries 00:05:27.360 --> 00:05:29.870 align:start position:0% globally we've seen many other countries um<00:05:27.440> the<00:05:28.440> the<00:05:28.740> systems<00:05:29.100> that<00:05:29.220> are<00:05:29.340> in<00:05:29.460> place<00:05:29.639> for 00:05:29.870 --> 00:05:29.880 align:start position:0% um the the systems that are in place for 00:05:29.880 --> 00:05:31.189 align:start position:0% um the the systems that are in place for example<00:05:30.060> talking<00:05:30.300> about<00:05:30.419> the<00:05:30.660> loans<00:05:30.960> that<00:05:31.080> we 00:05:31.189 --> 00:05:31.199 align:start position:0% example talking about the loans that we 00:05:31.199 --> 00:05:32.810 align:start position:0% example talking about the loans that we give<00:05:31.320> to<00:05:31.440> Farmers<00:05:31.800> these<00:05:32.160> are<00:05:32.220> centralized 00:05:32.810 --> 00:05:32.820 align:start position:0% give to Farmers these are centralized 00:05:32.820 --> 00:05:34.850 align:start position:0% give to Farmers these are centralized Finance<00:05:33.120> Loans<00:05:33.360> given<00:05:33.600> by<00:05:33.780> Banks<00:05:34.199> since<00:05:34.380> ages 00:05:34.850 --> 00:05:34.860 align:start position:0% Finance Loans given by Banks since ages 00:05:34.860 --> 00:05:37.370 align:start position:0% Finance Loans given by Banks since ages it's<00:05:35.039> not<00:05:35.160> something<00:05:35.340> we<00:05:35.520> brought<00:05:35.759> on<00:05:36.300> but 00:05:37.370 --> 00:05:37.380 align:start position:0% it's not something we brought on but 00:05:37.380 --> 00:05:38.990 align:start position:0% it's not something we brought on but there's<00:05:37.800> a<00:05:37.979> lot<00:05:38.100> of<00:05:38.220> fraud<00:05:38.460> in<00:05:38.699> that<00:05:38.820> and 00:05:38.990 --> 00:05:39.000 align:start position:0% there's a lot of fraud in that and 00:05:39.000 --> 00:05:40.730 align:start position:0% there's a lot of fraud in that and that's<00:05:39.120> of<00:05:39.300> course<00:05:39.419> fraud<00:05:39.780> is<00:05:39.960> the<00:05:40.199> biggest 00:05:40.730 --> 00:05:40.740 align:start position:0% that's of course fraud is the biggest 00:05:40.740 --> 00:05:42.170 align:start position:0% that's of course fraud is the biggest thing<00:05:40.979> that<00:05:41.220> blockchain<00:05:41.639> solves<00:05:42.060> anyway 00:05:42.170 --> 00:05:42.180 align:start position:0% thing that blockchain solves anyway 00:05:42.180 --> 00:05:43.909 align:start position:0% thing that blockchain solves anyway that's<00:05:42.600> where<00:05:42.840> blockchain<00:05:43.259> finds<00:05:43.560> most<00:05:43.740> use 00:05:43.909 --> 00:05:43.919 align:start position:0% that's where blockchain finds most use 00:05:43.919 --> 00:05:46.010 align:start position:0% that's where blockchain finds most use case<00:05:44.100> in<00:05:44.340> fintech<00:05:44.820> uh<00:05:45.300> so<00:05:45.419> as<00:05:45.539> a<00:05:45.660> fintech 00:05:46.010 --> 00:05:46.020 align:start position:0% case in fintech uh so as a fintech 00:05:46.020 --> 00:05:47.689 align:start position:0% case in fintech uh so as a fintech organization<00:05:46.380> we<00:05:46.680> saw<00:05:46.860> that<00:05:47.160> the<00:05:47.580> government 00:05:47.689 --> 00:05:47.699 align:start position:0% organization we saw that the government 00:05:47.699 --> 00:05:50.270 align:start position:0% organization we saw that the government systems<00:05:48.360> the<00:05:48.660> the<00:05:48.840> banking<00:05:49.440> systems<00:05:49.860> the 00:05:50.270 --> 00:05:50.280 align:start position:0% systems the the banking systems the 00:05:50.280 --> 00:05:52.189 align:start position:0% systems the the banking systems the entire<00:05:50.639> uh<00:05:51.120> platform<00:05:51.479> that<00:05:51.660> is<00:05:51.780> available<00:05:51.900> to 00:05:52.189 --> 00:05:52.199 align:start position:0% entire uh platform that is available to 00:05:52.199 --> 00:05:54.230 align:start position:0% entire uh platform that is available to the<00:05:52.380> farmers<00:05:52.680> and<00:05:52.860> to<00:05:52.979> the<00:05:53.160> banks<00:05:53.400> is<00:05:53.580> not<00:05:53.820> is 00:05:54.230 --> 00:05:54.240 align:start position:0% the farmers and to the banks is not is 00:05:54.240 --> 00:05:57.170 align:start position:0% the farmers and to the banks is not is not<00:05:54.600> sufficient<00:05:54.960> and<00:05:55.800> blockchain<00:05:56.759> could<00:05:57.000> help 00:05:57.170 --> 00:05:57.180 align:start position:0% not sufficient and blockchain could help 00:05:57.180 --> 00:05:59.990 align:start position:0% not sufficient and blockchain could help banks<00:05:57.720> are<00:05:57.780> pulling<00:05:58.199> out<00:05:58.380> of<00:05:58.620> this<00:05:59.039> entire<00:05:59.580> uh 00:05:59.990 --> 00:06:00.000 align:start position:0% banks are pulling out of this entire uh 00:06:00.000 --> 00:06:03.590 align:start position:0% banks are pulling out of this entire uh ecosystem<00:06:00.620> leaving<00:06:01.620> Farmers<00:06:02.520> into<00:06:02.940> the<00:06:03.240> hands 00:06:03.590 --> 00:06:03.600 align:start position:0% ecosystem leaving Farmers into the hands 00:06:03.600 --> 00:06:05.210 align:start position:0% ecosystem leaving Farmers into the hands of<00:06:03.720> usurious<00:06:04.320> money<00:06:04.560> lenders<00:06:04.979> with 00:06:05.210 --> 00:06:05.220 align:start position:0% of usurious money lenders with 00:06:05.220 --> 00:06:07.490 align:start position:0% of usurious money lenders with outrageous<00:06:05.759> interest<00:06:06.000> rates<00:06:06.360> so<00:06:06.960> that's<00:06:07.199> one 00:06:07.490 --> 00:06:07.500 align:start position:0% outrageous interest rates so that's one 00:06:07.500 --> 00:06:10.010 align:start position:0% outrageous interest rates so that's one one<00:06:07.740> you<00:06:08.220> know<00:06:08.280> drawback<00:06:08.639> that<00:06:09.000> uh<00:06:09.419> systems 00:06:10.010 --> 00:06:10.020 align:start position:0% one you know drawback that uh systems 00:06:10.020 --> 00:06:11.029 align:start position:0% one you know drawback that uh systems like<00:06:10.139> in<00:06:10.320> India<00:06:10.560> the<00:06:10.919> government 00:06:11.029 --> 00:06:11.039 align:start position:0% like in India the government 00:06:11.039 --> 00:06:14.090 align:start position:0% like in India the government organizations<00:06:12.000> they<00:06:12.300> have<00:06:12.479> and<00:06:13.320> uh<00:06:13.740> you 00:06:14.090 --> 00:06:14.100 align:start position:0% organizations they have and uh you 00:06:14.100 --> 00:06:16.370 align:start position:0% organizations they have and uh you talked<00:06:14.280> about<00:06:14.340> D5<00:06:14.820> D5<00:06:15.660> is<00:06:15.840> a<00:06:15.960> very<00:06:16.020> new<00:06:16.199> thing 00:06:16.370 --> 00:06:16.380 align:start position:0% talked about D5 D5 is a very new thing 00:06:16.380 --> 00:06:17.990 align:start position:0% talked about D5 D5 is a very new thing farmers<00:06:16.919> of<00:06:17.160> course<00:06:17.280> have<00:06:17.520> nothing<00:06:17.699> to<00:06:17.940> do 00:06:17.990 --> 00:06:18.000 align:start position:0% farmers of course have nothing to do 00:06:18.000 --> 00:06:20.090 align:start position:0% farmers of course have nothing to do with<00:06:18.180> D5<00:06:18.479> like<00:06:18.900> to<00:06:19.139> understand<00:06:19.440> the<00:06:19.800> concept 00:06:20.090 --> 00:06:20.100 align:start position:0% with D5 like to understand the concept 00:06:20.100 --> 00:06:23.150 align:start position:0% with D5 like to understand the concept but<00:06:20.820> it<00:06:21.240> is<00:06:21.360> at<00:06:21.600> play<00:06:21.780> at<00:06:22.020> the<00:06:22.139> back<00:06:22.259> end<00:06:22.440> where 00:06:23.150 --> 00:06:23.160 align:start position:0% but it is at play at the back end where 00:06:23.160 --> 00:06:26.749 align:start position:0% but it is at play at the back end where I<00:06:23.699> personally<00:06:24.479> believe<00:06:24.720> that<00:06:25.560> it's<00:06:26.220> access<00:06:26.520> to 00:06:26.749 --> 00:06:26.759 align:start position:0% I personally believe that it's access to 00:06:26.759 --> 00:06:28.909 align:start position:0% I personally believe that it's access to so<00:06:26.940> as<00:06:27.180> we<00:06:27.360> say<00:06:27.479> there<00:06:27.840> are<00:06:28.020> more<00:06:28.139> than<00:06:28.259> 1.7 00:06:28.909 --> 00:06:28.919 align:start position:0% so as we say there are more than 1.7 00:06:28.919 --> 00:06:31.189 align:start position:0% so as we say there are more than 1.7 billion<00:06:29.340> unbanked<00:06:30.000> people<00:06:30.300> across<00:06:30.780> the<00:06:30.900> globe 00:06:31.189 --> 00:06:31.199 align:start position:0% billion unbanked people across the globe 00:06:31.199 --> 00:06:35.029 align:start position:0% billion unbanked people across the globe with<00:06:31.860> D5<00:06:32.280> we<00:06:33.120> do<00:06:33.300> not<00:06:33.479> have<00:06:33.840> to<00:06:34.139> just<00:06:34.440> go<00:06:34.800> wait 00:06:35.029 --> 00:06:35.039 align:start position:0% with D5 we do not have to just go wait 00:06:35.039 --> 00:06:36.830 align:start position:0% with D5 we do not have to just go wait for<00:06:35.280> a<00:06:35.460> bank<00:06:35.580> to<00:06:35.819> process<00:06:36.060> the<00:06:36.300> loans<00:06:36.600> even 00:06:36.830 --> 00:06:36.840 align:start position:0% for a bank to process the loans even 00:06:36.840 --> 00:06:38.330 align:start position:0% for a bank to process the loans even though<00:06:37.020> if<00:06:37.139> it's<00:06:37.259> in<00:06:37.440> real<00:06:37.620> time<00:06:37.800> it's<00:06:38.100> still 00:06:38.330 --> 00:06:38.340 align:start position:0% though if it's in real time it's still 00:06:38.340 --> 00:06:40.129 align:start position:0% though if it's in real time it's still 15<00:06:38.819> minutes<00:06:39.180> 30<00:06:39.479> minutes<00:06:39.720> that's<00:06:39.960> as 00:06:40.129 --> 00:06:40.139 align:start position:0% 15 minutes 30 minutes that's as 00:06:40.139 --> 00:06:41.629 align:start position:0% 15 minutes 30 minutes that's as real-time<00:06:40.500> as<00:06:40.680> it<00:06:40.800> gets<00:06:40.979> for<00:06:41.039> the<00:06:41.160> farmers<00:06:41.460> at 00:06:41.629 --> 00:06:41.639 align:start position:0% real-time as it gets for the farmers at 00:06:41.639 --> 00:06:43.730 align:start position:0% real-time as it gets for the farmers at this<00:06:41.759> moment<00:06:41.940> but<00:06:42.479> with<00:06:42.660> the<00:06:42.780> D5<00:06:43.080> it<00:06:43.380> is<00:06:43.560> access 00:06:43.730 --> 00:06:43.740 align:start position:0% this moment but with the D5 it is access 00:06:43.740 --> 00:06:45.650 align:start position:0% this moment but with the D5 it is access to<00:06:44.039> the<00:06:44.220> global<00:06:44.460> D5<00:06:44.759> capital<00:06:45.060> and<00:06:45.360> on<00:06:45.539> the 00:06:45.650 --> 00:06:45.660 align:start position:0% to the global D5 capital and on the 00:06:45.660 --> 00:06:47.330 align:start position:0% to the global D5 capital and on the other<00:06:45.780> hand<00:06:45.900> it's<00:06:46.500> a<00:06:46.680> good<00:06:46.740> thing<00:06:46.919> for<00:06:47.039> the<00:06:47.160> for 00:06:47.330 --> 00:06:47.340 align:start position:0% other hand it's a good thing for the for 00:06:47.340 --> 00:06:49.010 align:start position:0% other hand it's a good thing for the for the<00:06:47.520> D5<00:06:47.759> lenders<00:06:48.120> as<00:06:48.300> well<00:06:48.360> because<00:06:48.539> they<00:06:48.840> get 00:06:49.010 --> 00:06:49.020 align:start position:0% the D5 lenders as well because they get 00:06:49.020 --> 00:06:51.529 align:start position:0% the D5 lenders as well because they get access<00:06:49.199> to<00:06:49.500> really<00:06:49.740> stable<00:06:50.039> assets<00:06:50.460> not<00:06:51.360> not 00:06:51.529 --> 00:06:51.539 align:start position:0% access to really stable assets not not 00:06:51.539 --> 00:06:53.029 align:start position:0% access to really stable assets not not against<00:06:51.780> speculative<00:06:52.259> crypto<00:06:52.680> these<00:06:52.979> are 00:06:53.029 --> 00:06:53.039 align:start position:0% against speculative crypto these are 00:06:53.039 --> 00:06:55.670 align:start position:0% against speculative crypto these are crops<00:06:53.580> non-perishable<00:06:54.419> crops<00:06:54.780> me<00:06:55.020> soybean 00:06:55.670 --> 00:06:55.680 align:start position:0% crops non-perishable crops me soybean 00:06:55.680 --> 00:06:57.890 align:start position:0% crops non-perishable crops me soybean rice<00:06:55.860> anything<00:06:56.280> you<00:06:56.580> name<00:06:56.699> it<00:06:56.880> and<00:06:57.539> that's 00:06:57.890 --> 00:06:57.900 align:start position:0% rice anything you name it and that's 00:06:57.900 --> 00:06:59.270 align:start position:0% rice anything you name it and that's that's<00:06:58.080> where<00:06:58.380> they<00:06:58.560> would<00:06:58.740> be<00:06:58.860> interested<00:06:59.160> in 00:06:59.270 --> 00:06:59.280 align:start position:0% that's where they would be interested in 00:06:59.280 --> 00:07:01.189 align:start position:0% that's where they would be interested in driving<00:06:59.460> the<00:06:59.699> D5<00:07:00.000> capital<00:07:00.240> and<00:07:00.720> we<00:07:00.900> would<00:07:01.020> be 00:07:01.189 --> 00:07:01.199 align:start position:0% driving the D5 capital and we would be 00:07:01.199 --> 00:07:03.170 align:start position:0% driving the D5 capital and we would be interested<00:07:01.560> in<00:07:01.919> replacing<00:07:02.699> those<00:07:02.880> systems 00:07:03.170 --> 00:07:03.180 align:start position:0% interested in replacing those systems 00:07:03.180 --> 00:07:05.090 align:start position:0% interested in replacing those systems that<00:07:03.360> are<00:07:03.479> already<00:07:03.600> there<00:07:03.960> uh<00:07:04.620> and<00:07:04.800> and<00:07:04.919> the 00:07:05.090 --> 00:07:05.100 align:start position:0% that are already there uh and and the 00:07:05.100 --> 00:07:07.129 align:start position:0% that are already there uh and and the shortcomings<00:07:05.639> with<00:07:05.880> with<00:07:06.120> this<00:07:06.479> new<00:07:06.660> system 00:07:07.129 --> 00:07:07.139 align:start position:0% shortcomings with with this new system 00:07:07.139 --> 00:07:09.590 align:start position:0% shortcomings with with this new system helped<00:07:07.620> by<00:07:07.740> D5<00:07:08.100> blockchain<00:07:08.639> web3<00:07:09.120> all 00:07:09.590 --> 00:07:09.600 align:start position:0% helped by D5 blockchain web3 all 00:07:09.600 --> 00:07:12.590 align:start position:0% helped by D5 blockchain web3 all together<00:07:09.780> Hey<00:07:10.560> so<00:07:10.979> uh<00:07:11.580> situation<00:07:12.180> in<00:07:12.419> Mexico 00:07:12.590 --> 00:07:12.600 align:start position:0% together Hey so uh situation in Mexico 00:07:12.600 --> 00:07:14.570 align:start position:0% together Hey so uh situation in Mexico right<00:07:13.259> right<00:07:13.800> now<00:07:13.979> with<00:07:14.160> the<00:07:14.280> ethereum 00:07:14.570 --> 00:07:14.580 align:start position:0% right right now with the ethereum 00:07:14.580 --> 00:07:16.430 align:start position:0% right right now with the ethereum foundation<00:07:14.940> where<00:07:15.240> I'm<00:07:15.720> going<00:07:15.840> to<00:07:15.960> focusing 00:07:16.430 --> 00:07:16.440 align:start position:0% foundation where I'm going to focusing 00:07:16.440 --> 00:07:17.390 align:start position:0% foundation where I'm going to focusing on<00:07:16.620> women 00:07:17.390 --> 00:07:17.400 align:start position:0% on women 00:07:17.400 --> 00:07:20.870 align:start position:0% on women what's<00:07:18.000> the<00:07:18.180> situation<00:07:18.539> there<00:07:19.020> so<00:07:19.500> we<00:07:19.919> have<00:07:20.160> uh 00:07:20.870 --> 00:07:20.880 align:start position:0% what's the situation there so we have uh 00:07:20.880 --> 00:07:25.670 align:start position:0% what's the situation there so we have uh legally<00:07:21.419> a<00:07:22.080> 48<00:07:22.560> Hour<00:07:22.740> Work<00:07:23.099> week<00:07:23.340> so<00:07:24.240> imagine<00:07:24.680> a 00:07:25.670 --> 00:07:25.680 align:start position:0% legally a 48 Hour Work week so imagine a 00:07:25.680 --> 00:07:27.830 align:start position:0% legally a 48 Hour Work week so imagine a family<00:07:26.220> a<00:07:26.580> single<00:07:26.880> mom<00:07:27.000> that<00:07:27.300> has<00:07:27.479> two<00:07:27.599> kids 00:07:27.830 --> 00:07:27.840 align:start position:0% family a single mom that has two kids 00:07:27.840 --> 00:07:31.430 align:start position:0% family a single mom that has two kids has<00:07:28.440> to<00:07:28.620> work<00:07:28.800> 48<00:07:29.280> hours<00:07:29.520> and<00:07:30.479> then<00:07:30.720> has<00:07:31.259> to 00:07:31.430 --> 00:07:31.440 align:start position:0% has to work 48 hours and then has to 00:07:31.440 --> 00:07:33.890 align:start position:0% has to work 48 hours and then has to take<00:07:31.680> Transportation<00:07:32.280> then<00:07:33.000> she<00:07:33.180> has<00:07:33.360> no<00:07:33.660> time 00:07:33.890 --> 00:07:33.900 align:start position:0% take Transportation then she has no time 00:07:33.900 --> 00:07:35.749 align:start position:0% take Transportation then she has no time we<00:07:34.199> don't<00:07:34.380> have<00:07:34.620> a<00:07:34.919> good<00:07:35.039> health<00:07:35.220> care<00:07:35.400> System 00:07:35.749 --> 00:07:35.759 align:start position:0% we don't have a good health care System 00:07:35.759 --> 00:07:40.670 align:start position:0% we don't have a good health care System well<00:07:36.419> a<00:07:36.720> child<00:07:37.560> to<00:07:38.160> a<00:07:38.460> day<00:07:38.940> care<00:07:39.180> system<00:07:39.680> so 00:07:40.670 --> 00:07:40.680 align:start position:0% well a child to a day care system so 00:07:40.680 --> 00:07:43.129 align:start position:0% well a child to a day care system so it's<00:07:41.160> difficult<00:07:41.520> so<00:07:42.120> what<00:07:42.300> option<00:07:42.660> do<00:07:42.900> they 00:07:43.129 --> 00:07:43.139 align:start position:0% it's difficult so what option do they 00:07:43.139 --> 00:07:45.770 align:start position:0% it's difficult so what option do they have<00:07:43.319> in<00:07:43.919> formality<00:07:44.400> there<00:07:45.180> are<00:07:45.300> two<00:07:45.419> billion 00:07:45.770 --> 00:07:45.780 align:start position:0% have in formality there are two billion 00:07:45.780 --> 00:07:47.930 align:start position:0% have in formality there are two billion people<00:07:46.020> around<00:07:46.319> the<00:07:46.560> world<00:07:46.740> talking<00:07:47.639> now 00:07:47.930 --> 00:07:47.940 align:start position:0% people around the world talking now 00:07:47.940 --> 00:07:49.730 align:start position:0% people around the world talking now about<00:07:48.120> next<00:07:48.419> billion<00:07:48.840> we<00:07:49.139> have<00:07:49.259> 2<00:07:49.440> billion 00:07:49.730 --> 00:07:49.740 align:start position:0% about next billion we have 2 billion 00:07:49.740 --> 00:07:50.990 align:start position:0% about next billion we have 2 billion people<00:07:49.919> around<00:07:50.160> the<00:07:50.400> world<00:07:50.460> that<00:07:50.819> are 00:07:50.990 --> 00:07:51.000 align:start position:0% people around the world that are 00:07:51.000 --> 00:07:53.330 align:start position:0% people around the world that are uninformally<00:07:51.720> employed<00:07:52.199> why<00:07:52.860> because<00:07:53.099> of 00:07:53.330 --> 00:07:53.340 align:start position:0% uninformally employed why because of 00:07:53.340 --> 00:07:56.210 align:start position:0% uninformally employed why because of this<00:07:53.580> because<00:07:53.940> they<00:07:54.560> sell<00:07:55.560> informally 00:07:56.210 --> 00:07:56.220 align:start position:0% this because they sell informally 00:07:56.220 --> 00:07:59.150 align:start position:0% this because they sell informally because<00:07:56.520> they're<00:07:56.819> Farmers<00:07:57.300> so<00:07:58.259> uh<00:07:58.740> this<00:07:59.039> is 00:07:59.150 --> 00:07:59.160 align:start position:0% because they're Farmers so uh this is 00:07:59.160 --> 00:08:01.730 align:start position:0% because they're Farmers so uh this is the<00:07:59.280> situation<00:07:59.580> they<00:08:00.000> live<00:08:00.120> day<00:08:00.419> to<00:08:00.599> day<00:08:00.780> they 00:08:01.730 --> 00:08:01.740 align:start position:0% the situation they live day to day they 00:08:01.740 --> 00:08:04.909 align:start position:0% the situation they live day to day they either<00:08:02.520> bake<00:08:03.060> cakes<00:08:03.360> or<00:08:03.720> creams<00:08:04.259> do<00:08:04.500> massages 00:08:04.909 --> 00:08:04.919 align:start position:0% either bake cakes or creams do massages 00:08:04.919 --> 00:08:08.270 align:start position:0% either bake cakes or creams do massages or<00:08:05.460> whatever<00:08:05.819> thing<00:08:06.360> they<00:08:06.720> might<00:08:07.020> think<00:08:07.139> of<00:08:07.380> so 00:08:08.270 --> 00:08:08.280 align:start position:0% or whatever thing they might think of so 00:08:08.280 --> 00:08:11.270 align:start position:0% or whatever thing they might think of so uh<00:08:08.819> it's<00:08:09.240> difficult<00:08:09.599> what<00:08:10.259> happens<00:08:10.500> when<00:08:11.039> they 00:08:11.270 --> 00:08:11.280 align:start position:0% uh it's difficult what happens when they 00:08:11.280 --> 00:08:13.129 align:start position:0% uh it's difficult what happens when they need<00:08:11.639> they<00:08:12.120> have<00:08:12.240> medical<00:08:12.419> emergency<00:08:12.720> with 00:08:13.129 --> 00:08:13.139 align:start position:0% need they have medical emergency with 00:08:13.139 --> 00:08:17.150 align:start position:0% need they have medical emergency with their<00:08:13.319> kids<00:08:13.500> they<00:08:14.460> need<00:08:14.699> cash<00:08:15.300> right<00:08:15.979> they<00:08:16.979> try 00:08:17.150 --> 00:08:17.160 align:start position:0% their kids they need cash right they try 00:08:17.160 --> 00:08:20.650 align:start position:0% their kids they need cash right they try to<00:08:17.340> get<00:08:17.819> it<00:08:18.000> from<00:08:18.300> a<00:08:18.960> centralized<00:08:19.860> financial 00:08:20.650 --> 00:08:20.660 align:start position:0% to get it from a centralized financial 00:08:20.660 --> 00:08:23.089 align:start position:0% to get it from a centralized financial institution<00:08:21.660> but<00:08:22.259> what<00:08:22.440> happens<00:08:22.620> is<00:08:22.860> that 00:08:23.089 --> 00:08:23.099 align:start position:0% institution but what happens is that 00:08:23.099 --> 00:08:25.189 align:start position:0% institution but what happens is that they<00:08:23.280> require<00:08:23.520> a<00:08:24.000> proof<00:08:24.300> of<00:08:24.419> income<00:08:24.840> which 00:08:25.189 --> 00:08:25.199 align:start position:0% they require a proof of income which 00:08:25.199 --> 00:08:28.850 align:start position:0% they require a proof of income which they<00:08:25.560> don't<00:08:25.740> have<00:08:26.240> so<00:08:27.240> this<00:08:27.599> is<00:08:27.780> a<00:08:28.500> serious 00:08:28.850 --> 00:08:28.860 align:start position:0% they don't have so this is a serious 00:08:28.860 --> 00:08:31.550 align:start position:0% they don't have so this is a serious issue<00:08:29.220> they<00:08:29.940> have<00:08:30.539> this<00:08:30.780> option<00:08:31.139> of<00:08:31.319> getting 00:08:31.550 --> 00:08:31.560 align:start position:0% issue they have this option of getting 00:08:31.560 --> 00:08:34.670 align:start position:0% issue they have this option of getting loans<00:08:32.219> from<00:08:32.520> informal<00:08:33.360> lenders<00:08:33.719> but<00:08:34.140> it's 00:08:34.670 --> 00:08:34.680 align:start position:0% loans from informal lenders but it's 00:08:34.680 --> 00:08:36.529 align:start position:0% loans from informal lenders but it's super<00:08:34.919> high<00:08:35.099> interest<00:08:35.279> rates<00:08:35.700> or<00:08:36.120> they<00:08:36.300> have 00:08:36.529 --> 00:08:36.539 align:start position:0% super high interest rates or they have 00:08:36.539 --> 00:08:39.709 align:start position:0% super high interest rates or they have this<00:08:36.719> other<00:08:36.899> option<00:08:37.520> what<00:08:38.520> why<00:08:39.000> these<00:08:39.479> options 00:08:39.709 --> 00:08:39.719 align:start position:0% this other option what why these options 00:08:39.719 --> 00:08:41.810 align:start position:0% this other option what why these options already<00:08:39.959> exist<00:08:40.440> these<00:08:41.159> options<00:08:41.399> have<00:08:41.640> been 00:08:41.810 --> 00:08:41.820 align:start position:0% already exist these options have been 00:08:41.820 --> 00:08:43.490 align:start position:0% already exist these options have been there<00:08:42.120> for 00:08:43.490 --> 00:08:43.500 align:start position:0% there for 00:08:43.500 --> 00:08:46.870 align:start position:0% there for 100<00:08:43.919> years<00:08:44.540> in<00:08:45.540> many<00:08:45.660> countries 00:08:46.870 --> 00:08:46.880 align:start position:0% 100 years in many countries 00:08:46.880 --> 00:08:49.550 align:start position:0% 100 years in many countries what<00:08:47.880> you<00:08:48.060> do<00:08:48.240> there<00:08:48.420> is<00:08:48.660> you<00:08:48.839> put<00:08:49.080> in<00:08:49.260> your 00:08:49.550 --> 00:08:49.560 align:start position:0% what you do there is you put in your 00:08:49.560 --> 00:08:53.150 align:start position:0% what you do there is you put in your social<00:08:49.740> credit<00:08:50.100> right<00:08:50.839> so<00:08:51.839> uh<00:08:52.320> why<00:08:52.620> blockchain 00:08:53.150 --> 00:08:53.160 align:start position:0% social credit right so uh why blockchain 00:08:53.160 --> 00:08:56.750 align:start position:0% social credit right so uh why blockchain well<00:08:54.000> it's<00:08:54.180> decentralized<00:08:54.959> you<00:08:55.680> can<00:08:55.980> join<00:08:56.519> a 00:08:56.750 --> 00:08:56.760 align:start position:0% well it's decentralized you can join a 00:08:56.760 --> 00:08:59.449 align:start position:0% well it's decentralized you can join a saving<00:08:57.120> Circle<00:08:57.560> uh<00:08:58.560> yes<00:08:58.860> you<00:08:59.040> have<00:08:59.160> the<00:08:59.339> same 00:08:59.449 --> 00:08:59.459 align:start position:0% saving Circle uh yes you have the same 00:08:59.459 --> 00:09:02.449 align:start position:0% saving Circle uh yes you have the same risks<00:08:59.940> of<00:09:00.240> a<00:09:00.540> common<00:09:00.839> saving<00:09:01.320> Circle<00:09:01.500> but<00:09:02.220> we 00:09:02.449 --> 00:09:02.459 align:start position:0% risks of a common saving Circle but we 00:09:02.459 --> 00:09:05.690 align:start position:0% risks of a common saving Circle but we can<00:09:02.580> exploit<00:09:03.060> their<00:09:03.500> uh<00:09:04.500> trust<00:09:04.920> ability<00:09:05.160> we 00:09:05.690 --> 00:09:05.700 align:start position:0% can exploit their uh trust ability we 00:09:05.700 --> 00:09:07.670 align:start position:0% can exploit their uh trust ability we know<00:09:05.820> exactly<00:09:06.300> what<00:09:06.600> was<00:09:06.720> the<00:09:06.899> posited<00:09:07.380> and 00:09:07.670 --> 00:09:07.680 align:start position:0% know exactly what was the posited and 00:09:07.680 --> 00:09:10.009 align:start position:0% know exactly what was the posited and when<00:09:07.980> it<00:09:08.160> was<00:09:08.279> deposited<00:09:08.760> and<00:09:09.060> then<00:09:09.180> to<00:09:09.540> who<00:09:09.779> it 00:09:10.009 --> 00:09:10.019 align:start position:0% when it was deposited and then to who it 00:09:10.019 --> 00:09:12.650 align:start position:0% when it was deposited and then to who it what<00:09:10.260> it<00:09:10.560> was<00:09:10.740> paid<00:09:10.980> to<00:09:11.160> so<00:09:11.940> that's<00:09:12.360> super 00:09:12.650 --> 00:09:12.660 align:start position:0% what it was paid to so that's super 00:09:12.660 --> 00:09:15.530 align:start position:0% what it was paid to so that's super important<00:09:13.080> in<00:09:13.560> our<00:09:13.680> case<00:09:13.980> where<00:09:14.399> we<00:09:15.240> have<00:09:15.360> a 00:09:15.530 --> 00:09:15.540 align:start position:0% important in our case where we have a 00:09:15.540 --> 00:09:18.290 align:start position:0% important in our case where we have a lot<00:09:15.600> of<00:09:15.720> corruption<00:09:16.140> and<00:09:16.560> people<00:09:16.920> doing<00:09:17.300> none 00:09:18.290 --> 00:09:18.300 align:start position:0% lot of corruption and people doing none 00:09:18.300 --> 00:09:20.990 align:start position:0% lot of corruption and people doing none let's<00:09:18.720> say<00:09:18.899> legal<00:09:19.740> or<00:09:19.980> correct<00:09:20.399> ethical 00:09:20.990 --> 00:09:21.000 align:start position:0% let's say legal or correct ethical 00:09:21.000 --> 00:09:23.630 align:start position:0% let's say legal or correct ethical things<00:09:21.360> so<00:09:22.019> this<00:09:22.200> is<00:09:22.320> important<00:09:22.620> for<00:09:22.860> us<00:09:23.040> and 00:09:23.630 --> 00:09:23.640 align:start position:0% things so this is important for us and 00:09:23.640 --> 00:09:26.509 align:start position:0% things so this is important for us and also<00:09:23.880> we<00:09:24.060> can<00:09:24.180> leverage<00:09:24.540> a<00:09:24.959> reputation<00:09:25.519> system 00:09:26.509 --> 00:09:26.519 align:start position:0% also we can leverage a reputation system 00:09:26.519 --> 00:09:30.230 align:start position:0% also we can leverage a reputation system that<00:09:27.000> can<00:09:27.120> eventually<00:09:27.920> uh<00:09:28.920> serve<00:09:29.700> as<00:09:30.000> a 00:09:30.230 --> 00:09:30.240 align:start position:0% that can eventually uh serve as a 00:09:30.240 --> 00:09:32.210 align:start position:0% that can eventually uh serve as a foundation<00:09:30.540> for<00:09:30.839> for<00:09:31.140> them<00:09:31.320> to<00:09:31.620> actually<00:09:31.800> get 00:09:32.210 --> 00:09:32.220 align:start position:0% foundation for for them to actually get 00:09:32.220 --> 00:09:34.250 align:start position:0% foundation for for them to actually get a<00:09:32.880> loan<00:09:33.120> from<00:09:33.300> our<00:09:33.540> financial<00:09:33.720> institution 00:09:34.250 --> 00:09:34.260 align:start position:0% a loan from our financial institution 00:09:34.260 --> 00:09:36.230 align:start position:0% a loan from our financial institution for<00:09:34.560> a<00:09:34.680> bigger<00:09:34.980> amount<00:09:35.279> so<00:09:35.640> this<00:09:35.880> is<00:09:36.000> why 00:09:36.230 --> 00:09:36.240 align:start position:0% for a bigger amount so this is why 00:09:36.240 --> 00:09:38.329 align:start position:0% for a bigger amount so this is why blockchain<00:09:37.080> is<00:09:37.440> there<00:09:37.620> everything<00:09:37.980> is 00:09:38.329 --> 00:09:38.339 align:start position:0% blockchain is there everything is 00:09:38.339 --> 00:09:41.630 align:start position:0% blockchain is there everything is Unchained<00:09:39.180> so<00:09:40.019> it's<00:09:40.620> permanent<00:09:41.040> immutable 00:09:41.630 --> 00:09:41.640 align:start position:0% Unchained so it's permanent immutable 00:09:41.640 --> 00:09:44.750 align:start position:0% Unchained so it's permanent immutable and<00:09:42.300> node<00:09:43.019> subject<00:09:43.320> to<00:09:43.440> to<00:09:43.920> change<00:09:44.160> by<00:09:44.399> anyone 00:09:44.750 --> 00:09:44.760 align:start position:0% and node subject to to change by anyone 00:09:44.760 --> 00:09:46.430 align:start position:0% and node subject to to change by anyone so<00:09:45.000> that's<00:09:45.240> why 00:09:46.430 --> 00:09:46.440 align:start position:0% so that's why 00:09:46.440 --> 00:09:50.690 align:start position:0% so that's why well<00:09:47.100> I'll<00:09:47.820> I'll<00:09:47.940> cue<00:09:48.420> what<00:09:48.720> Gabriela<00:09:49.500> said<00:09:49.980> so 00:09:50.690 --> 00:09:50.700 align:start position:0% well I'll I'll cue what Gabriela said so 00:09:50.700 --> 00:09:53.949 align:start position:0% well I'll I'll cue what Gabriela said so in<00:09:50.940> defy<00:09:51.420> in<00:09:51.720> our<00:09:51.839> context<00:09:52.260> in<00:09:52.500> Africa 00:09:53.949 --> 00:09:53.959 align:start position:0% in defy in our context in Africa 00:09:53.959 --> 00:09:56.509 align:start position:0% in defy in our context in Africa kissing<00:09:54.959> point<00:09:55.140> in<00:09:55.320> Kenya<00:09:55.680> we<00:09:55.920> have<00:09:56.100> mobile 00:09:56.509 --> 00:09:56.519 align:start position:0% kissing point in Kenya we have mobile 00:09:56.519 --> 00:10:00.769 align:start position:0% kissing point in Kenya we have mobile money<00:09:56.940> as<00:09:57.720> is<00:09:58.019> a<00:09:58.260> digital<00:09:58.500> technology<00:09:59.360> uh<00:10:00.360> it's 00:10:00.769 --> 00:10:00.779 align:start position:0% money as is a digital technology uh it's 00:10:00.779 --> 00:10:03.410 align:start position:0% money as is a digital technology uh it's for<00:10:01.560> example<00:10:01.740> in<00:10:01.920> Kenya<00:10:02.220> it<00:10:02.399> has<00:10:02.700> over<00:10:02.940> 98 00:10:03.410 --> 00:10:03.420 align:start position:0% for example in Kenya it has over 98 00:10:03.420 --> 00:10:06.350 align:start position:0% for example in Kenya it has over 98 adoption<00:10:04.260> meaning<00:10:04.560> almost<00:10:05.399> every<00:10:05.940> adult 00:10:06.350 --> 00:10:06.360 align:start position:0% adoption meaning almost every adult 00:10:06.360 --> 00:10:08.870 align:start position:0% adoption meaning almost every adult citizen<00:10:07.019> has<00:10:07.320> a<00:10:07.440> wallet<00:10:07.800> a<00:10:08.339> mobile<00:10:08.519> money 00:10:08.870 --> 00:10:08.880 align:start position:0% citizen has a wallet a mobile money 00:10:08.880 --> 00:10:10.310 align:start position:0% citizen has a wallet a mobile money wallet 00:10:10.310 --> 00:10:10.320 align:start position:0% wallet 00:10:10.320 --> 00:10:12.730 align:start position:0% wallet um<00:10:10.380> but<00:10:10.920> we<00:10:11.339> still<00:10:11.519> find<00:10:11.940> challenges 00:10:12.730 --> 00:10:12.740 align:start position:0% um but we still find challenges 00:10:12.740 --> 00:10:16.490 align:start position:0% um but we still find challenges challenges<00:10:13.740> in<00:10:14.339> how<00:10:15.300> how<00:10:15.300> much<00:10:15.839> they<00:10:16.080> paying 00:10:16.490 --> 00:10:16.500 align:start position:0% challenges in how how much they paying 00:10:16.500 --> 00:10:18.590 align:start position:0% challenges in how how much they paying how<00:10:16.980> much<00:10:17.100> they're<00:10:17.339> paying<00:10:17.640> for<00:10:17.760> the<00:10:17.940> loans<00:10:18.180> so 00:10:18.590 --> 00:10:18.600 align:start position:0% how much they're paying for the loans so 00:10:18.600 --> 00:10:21.650 align:start position:0% how much they're paying for the loans so we<00:10:18.779> have<00:10:18.959> very<00:10:19.200> high<00:10:19.440> interest<00:10:20.300> on<00:10:21.300> the<00:10:21.420> loans 00:10:21.650 --> 00:10:21.660 align:start position:0% we have very high interest on the loans 00:10:21.660 --> 00:10:24.290 align:start position:0% we have very high interest on the loans in<00:10:22.019> fact<00:10:22.200> they<00:10:22.980> are<00:10:23.100> regarded<00:10:23.399> as<00:10:23.519> predatorial 00:10:24.290 --> 00:10:24.300 align:start position:0% in fact they are regarded as predatorial 00:10:24.300 --> 00:10:26.750 align:start position:0% in fact they are regarded as predatorial uh<00:10:25.200> in<00:10:25.320> fact<00:10:25.680> even<00:10:25.860> the<00:10:26.100> central<00:10:26.220> bank<00:10:26.519> has 00:10:26.750 --> 00:10:26.760 align:start position:0% uh in fact even the central bank has 00:10:26.760 --> 00:10:28.850 align:start position:0% uh in fact even the central bank has been<00:10:26.880> tracking<00:10:27.240> down<00:10:27.420> so<00:10:27.959> this<00:10:28.260> access<00:10:28.500> to 00:10:28.850 --> 00:10:28.860 align:start position:0% been tracking down so this access to 00:10:28.860 --> 00:10:31.490 align:start position:0% been tracking down so this access to finance<00:10:29.420> uh<00:10:30.420> has<00:10:30.660> been<00:10:30.779> a<00:10:30.959> challenge<00:10:31.140> because 00:10:31.490 --> 00:10:31.500 align:start position:0% finance uh has been a challenge because 00:10:31.500 --> 00:10:35.690 align:start position:0% finance uh has been a challenge because of<00:10:31.920> high<00:10:32.220> interest<00:10:32.459> rates<00:10:33.320> and<00:10:34.320> when<00:10:35.279> it<00:10:35.459> comes 00:10:35.690 --> 00:10:35.700 align:start position:0% of high interest rates and when it comes 00:10:35.700 --> 00:10:39.050 align:start position:0% of high interest rates and when it comes now<00:10:35.880> to<00:10:36.980> defy<00:10:37.980> to<00:10:38.220> protect<00:10:38.519> for<00:10:38.820> example 00:10:39.050 --> 00:10:39.060 align:start position:0% now to defy to protect for example 00:10:39.060 --> 00:10:42.530 align:start position:0% now to defy to protect for example income<00:10:39.600> so<00:10:40.140> a<00:10:40.380> farmer<00:10:40.740> has<00:10:40.920> income<00:10:41.339> how<00:10:42.120> what 00:10:42.530 --> 00:10:42.540 align:start position:0% income so a farmer has income how what 00:10:42.540 --> 00:10:45.230 align:start position:0% income so a farmer has income how what why<00:10:42.959> are<00:10:43.500> they<00:10:43.620> are<00:10:43.980> we<00:10:44.160> saying<00:10:44.519> if<00:10:44.700> I<00:10:44.940> can<00:10:45.060> help 00:10:45.230 --> 00:10:45.240 align:start position:0% why are they are we saying if I can help 00:10:45.240 --> 00:10:48.350 align:start position:0% why are they are we saying if I can help solve<00:10:45.899> the<00:10:46.019> problem<00:10:46.380> so<00:10:46.920> for<00:10:47.100> us<00:10:47.279> it<00:10:47.640> was<00:10:47.880> the 00:10:48.350 --> 00:10:48.360 align:start position:0% solve the problem so for us it was the 00:10:48.360 --> 00:10:50.150 align:start position:0% solve the problem so for us it was the transparency<00:10:49.200> in<00:10:49.500> the<00:10:49.620> traditional 00:10:50.150 --> 00:10:50.160 align:start position:0% transparency in the traditional 00:10:50.160 --> 00:10:52.870 align:start position:0% transparency in the traditional Insurance<00:10:50.459> business<00:10:51.320> so 00:10:52.870 --> 00:10:52.880 align:start position:0% Insurance business so 00:10:52.880 --> 00:10:56.150 align:start position:0% Insurance business so an<00:10:53.880> agent<00:10:54.180> will<00:10:54.360> go<00:10:54.540> to<00:10:54.660> the<00:10:54.839> field<00:10:55.079> convince<00:10:56.040> a 00:10:56.150 --> 00:10:56.160 align:start position:0% an agent will go to the field convince a 00:10:56.160 --> 00:10:59.030 align:start position:0% an agent will go to the field convince a farmer<00:10:56.519> to<00:10:56.640> buy<00:10:56.760> insurance<00:10:57.079> but<00:10:58.079> then<00:10:58.380> keep 00:10:59.030 --> 00:10:59.040 align:start position:0% farmer to buy insurance but then keep 00:10:59.040 --> 00:11:01.670 align:start position:0% farmer to buy insurance but then keep quiet<00:10:59.360> for<00:11:00.360> a<00:11:00.540> whole<00:11:00.779> six<00:11:01.019> months<00:11:01.320> the<00:11:01.440> season 00:11:01.670 --> 00:11:01.680 align:start position:0% quiet for a whole six months the season 00:11:01.680 --> 00:11:03.650 align:start position:0% quiet for a whole six months the season would<00:11:01.980> take<00:11:02.160> around<00:11:02.339> six<00:11:02.579> months<00:11:02.880> next<00:11:03.480> time 00:11:03.650 --> 00:11:03.660 align:start position:0% would take around six months next time 00:11:03.660 --> 00:11:05.329 align:start position:0% would take around six months next time they<00:11:03.899> see<00:11:04.140> the<00:11:04.260> agent<00:11:04.560> will<00:11:04.740> be<00:11:04.860> next<00:11:05.100> time 00:11:05.329 --> 00:11:05.339 align:start position:0% they see the agent will be next time 00:11:05.339 --> 00:11:08.269 align:start position:0% they see the agent will be next time they're<00:11:05.519> selling<00:11:05.940> so<00:11:06.300> no<00:11:06.600> information<00:11:06.920> no<00:11:07.920> no 00:11:08.269 --> 00:11:08.279 align:start position:0% they're selling so no information no no 00:11:08.279 --> 00:11:10.670 align:start position:0% they're selling so no information no no didn't<00:11:08.579> know<00:11:08.820> what<00:11:09.060> policy<00:11:09.779> where<00:11:10.200> the<00:11:10.560> two 00:11:10.670 --> 00:11:10.680 align:start position:0% didn't know what policy where the two 00:11:10.680 --> 00:11:12.769 align:start position:0% didn't know what policy where the two quote<00:11:10.980> was<00:11:11.220> happening<00:11:11.519> about<00:11:11.760> it<00:11:12.000> now<00:11:12.540> with 00:11:12.769 --> 00:11:12.779 align:start position:0% quote was happening about it now with 00:11:12.779 --> 00:11:15.170 align:start position:0% quote was happening about it now with blockchain<00:11:13.260> we're<00:11:13.560> able<00:11:13.800> to<00:11:13.980> enable<00:11:14.940> the 00:11:15.170 --> 00:11:15.180 align:start position:0% blockchain we're able to enable the 00:11:15.180 --> 00:11:18.170 align:start position:0% blockchain we're able to enable the farmer<00:11:15.540> using<00:11:15.959> feature<00:11:16.920> phones<00:11:17.339> the 00:11:18.170 --> 00:11:18.180 align:start position:0% farmer using feature phones the 00:11:18.180 --> 00:11:20.170 align:start position:0% farmer using feature phones the penetrations<00:11:18.600> of<00:11:18.899> feature<00:11:19.260> phones<00:11:19.560> is<00:11:19.680> high 00:11:20.170 --> 00:11:20.180 align:start position:0% penetrations of feature phones is high 00:11:20.180 --> 00:11:23.930 align:start position:0% penetrations of feature phones is high uh<00:11:21.180> to<00:11:21.480> dial<00:11:21.720> a<00:11:22.200> style<00:11:22.500> a<00:11:22.800> number<00:11:22.920> and<00:11:23.519> able<00:11:23.820> to 00:11:23.930 --> 00:11:23.940 align:start position:0% uh to dial a style a number and able to 00:11:23.940 --> 00:11:26.569 align:start position:0% uh to dial a style a number and able to see<00:11:24.300> so<00:11:24.720> far<00:11:24.899> you<00:11:25.140> your<00:11:25.620> policy<00:11:26.100> has<00:11:26.220> triggered 00:11:26.569 --> 00:11:26.579 align:start position:0% see so far you your policy has triggered 00:11:26.579 --> 00:11:28.550 align:start position:0% see so far you your policy has triggered this<00:11:26.820> percentage<00:11:27.300> which<00:11:27.899> is<00:11:27.959> equivalent<00:11:28.440> to 00:11:28.550 --> 00:11:28.560 align:start position:0% this percentage which is equivalent to 00:11:28.560 --> 00:11:30.889 align:start position:0% this percentage which is equivalent to this<00:11:28.740> amount<00:11:29.040> of<00:11:29.160> money<00:11:29.399> and<00:11:30.240> also<00:11:30.600> the 00:11:30.889 --> 00:11:30.899 align:start position:0% this amount of money and also the 00:11:30.899 --> 00:11:33.290 align:start position:0% this amount of money and also the triggers<00:11:31.380> that<00:11:31.620> were<00:11:31.740> used<00:11:31.980> to<00:11:32.220> say<00:11:32.760> determine 00:11:33.290 --> 00:11:33.300 align:start position:0% triggers that were used to say determine 00:11:33.300 --> 00:11:35.509 align:start position:0% triggers that were used to say determine whether<00:11:33.600> they<00:11:33.959> qualify<00:11:34.500> for<00:11:34.740> a<00:11:34.920> claim<00:11:35.160> or<00:11:35.339> not 00:11:35.509 --> 00:11:35.519 align:start position:0% whether they qualify for a claim or not 00:11:35.519 --> 00:11:38.930 align:start position:0% whether they qualify for a claim or not are<00:11:36.360> tamper<00:11:36.899> evident<00:11:37.260> so<00:11:37.740> we<00:11:38.040> generate<00:11:38.399> hashes 00:11:38.930 --> 00:11:38.940 align:start position:0% are tamper evident so we generate hashes 00:11:38.940 --> 00:11:42.170 align:start position:0% are tamper evident so we generate hashes put<00:11:39.480> them<00:11:39.660> on<00:11:39.899> chain<00:11:40.079> so<00:11:40.620> you<00:11:40.860> can<00:11:41.040> to<00:11:41.880> prove 00:11:42.170 --> 00:11:42.180 align:start position:0% put them on chain so you can to prove 00:11:42.180 --> 00:11:44.090 align:start position:0% put them on chain so you can to prove you<00:11:42.300> just<00:11:42.540> need<00:11:42.720> to<00:11:42.959> produce<00:11:43.440> the<00:11:43.620> hash<00:11:43.860> and 00:11:44.090 --> 00:11:44.100 align:start position:0% you just need to produce the hash and 00:11:44.100 --> 00:11:46.130 align:start position:0% you just need to produce the hash and compare<00:11:44.399> it<00:11:44.579> with<00:11:44.820> the<00:11:45.360> data<00:11:45.660> since<00:11:45.839> we<00:11:46.019> don't 00:11:46.130 --> 00:11:46.140 align:start position:0% compare it with the data since we don't 00:11:46.140 --> 00:11:48.710 align:start position:0% compare it with the data since we don't publish<00:11:46.440> the<00:11:46.980> Pharma<00:11:47.339> data<00:11:47.640> on<00:11:47.760> chain<00:11:48.120> but 00:11:48.710 --> 00:11:48.720 align:start position:0% publish the Pharma data on chain but 00:11:48.720 --> 00:11:52.190 align:start position:0% publish the Pharma data on chain but yeah<00:11:48.959> that's<00:11:49.500> how<00:11:49.860> we<00:11:50.700> Define<00:11:51.420> and<00:11:51.839> blockchain 00:11:52.190 --> 00:11:52.200 align:start position:0% yeah that's how we Define and blockchain 00:11:52.200 --> 00:11:55.250 align:start position:0% yeah that's how we Define and blockchain is<00:11:52.440> revolutionizing<00:11:53.339> financing 00:11:55.250 --> 00:11:55.260 align:start position:0% is revolutionizing financing 00:11:55.260 --> 00:11:56.870 align:start position:0% is revolutionizing financing incredible<00:11:55.860> amazing 00:11:56.870 --> 00:11:56.880 align:start position:0% incredible amazing 00:11:56.880 --> 00:11:58.370 align:start position:0% incredible amazing um<00:11:56.940> yeah<00:11:57.300> I<00:11:57.480> find<00:11:57.779> it<00:11:57.959> really<00:11:58.079> interesting 00:11:58.370 --> 00:11:58.380 align:start position:0% um yeah I find it really interesting 00:11:58.380 --> 00:11:59.990 align:start position:0% um yeah I find it really interesting that<00:11:58.680> each<00:11:58.860> of<00:11:59.040> you<00:11:59.160> is<00:11:59.279> sort<00:11:59.459> of<00:11:59.519> working<00:11:59.700> it 00:11:59.990 --> 00:12:00.000 align:start position:0% that each of you is sort of working it 00:12:00.000 --> 00:12:01.370 align:start position:0% that each of you is sort of working it through<00:12:00.240> different<00:12:00.420> sectors<00:12:00.720> you're<00:12:01.019> working 00:12:01.370 --> 00:12:01.380 align:start position:0% through different sectors you're working 00:12:01.380 --> 00:12:03.230 align:start position:0% through different sectors you're working very<00:12:01.560> much<00:12:01.740> so<00:12:01.920> you<00:12:02.399> know<00:12:02.519> with<00:12:02.760> governments 00:12:03.230 --> 00:12:03.240 align:start position:0% very much so you know with governments 00:12:03.240 --> 00:12:04.790 align:start position:0% very much so you know with governments and<00:12:03.360> large<00:12:03.720> Regulators<00:12:04.200> as<00:12:04.380> well<00:12:04.500> and<00:12:04.680> trying 00:12:04.790 --> 00:12:04.800 align:start position:0% and large Regulators as well and trying 00:12:04.800 --> 00:12:06.230 align:start position:0% and large Regulators as well and trying to<00:12:04.920> figure<00:12:05.040> out<00:12:05.160> a<00:12:05.339> lot<00:12:05.459> of<00:12:05.519> the<00:12:05.640> real<00:12:06.060> world 00:12:06.230 --> 00:12:06.240 align:start position:0% to figure out a lot of the real world 00:12:06.240 --> 00:12:08.630 align:start position:0% to figure out a lot of the real world asset<00:12:06.720> integration<00:12:07.140> as<00:12:07.380> well<00:12:07.620> and<00:12:07.920> Gabriela 00:12:08.630 --> 00:12:08.640 align:start position:0% asset integration as well and Gabriela 00:12:08.640 --> 00:12:10.250 align:start position:0% asset integration as well and Gabriela you're<00:12:08.820> very<00:12:09.000> much<00:12:09.120> so<00:12:09.240> kind<00:12:09.540> of<00:12:09.660> working<00:12:09.839> with 00:12:10.250 --> 00:12:10.260 align:start position:0% you're very much so kind of working with 00:12:10.260 --> 00:12:11.990 align:start position:0% you're very much so kind of working with local<00:12:10.800> uh<00:12:11.399> you<00:12:11.519> know<00:12:11.640> women<00:12:11.760> level 00:12:11.990 --> 00:12:12.000 align:start position:0% local uh you know women level 00:12:12.000 --> 00:12:13.550 align:start position:0% local uh you know women level cooperatives<00:12:12.540> and<00:12:12.779> and<00:12:12.959> figuring<00:12:13.320> out<00:12:13.380> like 00:12:13.550 --> 00:12:13.560 align:start position:0% cooperatives and and figuring out like 00:12:13.560 --> 00:12:14.870 align:start position:0% cooperatives and and figuring out like how<00:12:13.860> do<00:12:13.980> you<00:12:14.100> download<00:12:14.279> and<00:12:14.579> work<00:12:14.760> with 00:12:14.870 --> 00:12:14.880 align:start position:0% how do you download and work with 00:12:14.880 --> 00:12:16.730 align:start position:0% how do you download and work with metamask<00:12:15.420> for<00:12:15.779> example<00:12:16.019> we<00:12:16.380> were<00:12:16.560> talking 00:12:16.730 --> 00:12:16.740 align:start position:0% metamask for example we were talking 00:12:16.740 --> 00:12:18.590 align:start position:0% metamask for example we were talking about<00:12:16.920> that<00:12:17.160> earlier<00:12:17.519> right<00:12:17.760> and<00:12:18.120> how<00:12:18.480> you 00:12:18.590 --> 00:12:18.600 align:start position:0% about that earlier right and how you 00:12:18.600 --> 00:12:20.210 align:start position:0% about that earlier right and how you even<00:12:18.720> would<00:12:19.019> you<00:12:19.260> know<00:12:19.320> add<00:12:19.500> polygon<00:12:19.920> to<00:12:20.100> your 00:12:20.210 --> 00:12:20.220 align:start position:0% even would you know add polygon to your 00:12:20.220 --> 00:12:21.530 align:start position:0% even would you know add polygon to your metamask<00:12:20.579> wallet<00:12:20.940> and<00:12:21.120> just<00:12:21.240> thinking<00:12:21.480> about 00:12:21.530 --> 00:12:21.540 align:start position:0% metamask wallet and just thinking about 00:12:21.540 --> 00:12:23.329 align:start position:0% metamask wallet and just thinking about what<00:12:21.779> that<00:12:21.899> user<00:12:22.200> experience<00:12:22.440> is<00:12:22.620> like<00:12:22.800> and 00:12:23.329 --> 00:12:23.339 align:start position:0% what that user experience is like and 00:12:23.339 --> 00:12:24.650 align:start position:0% what that user experience is like and then<00:12:23.459> Benson<00:12:23.820> like<00:12:24.000> you're<00:12:24.120> tying<00:12:24.420> in<00:12:24.480> all 00:12:24.650 --> 00:12:24.660 align:start position:0% then Benson like you're tying in all 00:12:24.660 --> 00:12:26.569 align:start position:0% then Benson like you're tying in all this<00:12:24.839> technology<00:12:25.260> that<00:12:25.800> already<00:12:25.980> exists<00:12:26.459> out 00:12:26.569 --> 00:12:26.579 align:start position:0% this technology that already exists out 00:12:26.579 --> 00:12:28.130 align:start position:0% this technology that already exists out in<00:12:26.760> the<00:12:26.940> world<00:12:27.060> too<00:12:27.240> right<00:12:27.540> and<00:12:27.720> you're<00:12:27.839> saying 00:12:28.130 --> 00:12:28.140 align:start position:0% in the world too right and you're saying 00:12:28.140 --> 00:12:32.269 align:start position:0% in the world too right and you're saying hey<00:12:28.320> we've<00:12:28.920> got<00:12:29.100> mpesa<00:12:30.079> ussd<00:12:31.079> transactions<00:12:32.040> as 00:12:32.269 --> 00:12:32.279 align:start position:0% hey we've got mpesa ussd transactions as 00:12:32.279 --> 00:12:33.769 align:start position:0% hey we've got mpesa ussd transactions as well<00:12:32.399> and<00:12:32.700> we're<00:12:32.820> tying<00:12:33.120> in<00:12:33.240> you<00:12:33.420> know<00:12:33.480> climate 00:12:33.769 --> 00:12:33.779 align:start position:0% well and we're tying in you know climate 00:12:33.779 --> 00:12:35.930 align:start position:0% well and we're tying in you know climate data<00:12:34.019> and<00:12:34.200> so<00:12:34.320> I<00:12:34.560> just<00:12:34.680> appreciate<00:12:35.100> the<00:12:35.579> the 00:12:35.930 --> 00:12:35.940 align:start position:0% data and so I just appreciate the the 00:12:35.940 --> 00:12:37.670 align:start position:0% data and so I just appreciate the the breadth<00:12:36.420> to<00:12:36.660> which<00:12:36.839> each<00:12:37.019> of<00:12:37.140> you<00:12:37.260> is<00:12:37.440> is 00:12:37.670 --> 00:12:37.680 align:start position:0% breadth to which each of you is is 00:12:37.680 --> 00:12:40.069 align:start position:0% breadth to which each of you is is leveraging<00:12:38.339> this<00:12:38.579> and<00:12:38.880> on<00:12:39.300> that<00:12:39.480> point<00:12:39.600> I<00:12:39.959> mean 00:12:40.069 --> 00:12:40.079 align:start position:0% leveraging this and on that point I mean 00:12:40.079 --> 00:12:41.750 align:start position:0% leveraging this and on that point I mean perhaps<00:12:40.620> Abby<00:12:40.920> you<00:12:41.100> could<00:12:41.220> paint<00:12:41.339> a<00:12:41.579> little 00:12:41.750 --> 00:12:41.760 align:start position:0% perhaps Abby you could paint a little 00:12:41.760 --> 00:12:43.250 align:start position:0% perhaps Abby you could paint a little bit<00:12:41.880> of<00:12:42.000> that<00:12:42.120> picture<00:12:42.360> of<00:12:42.720> what<00:12:42.899> it's<00:12:43.079> been 00:12:43.250 --> 00:12:43.260 align:start position:0% bit of that picture of what it's been 00:12:43.260 --> 00:12:46.550 align:start position:0% bit of that picture of what it's been like<00:12:43.440> working<00:12:43.860> with<00:12:44.480> uh<00:12:45.480> kind<00:12:46.079> of<00:12:46.200> incumbent 00:12:46.550 --> 00:12:46.560 align:start position:0% like working with uh kind of incumbent 00:12:46.560 --> 00:12:48.290 align:start position:0% like working with uh kind of incumbent institutions<00:12:47.040> in<00:12:47.339> your<00:12:47.519> jurisdiction<00:12:48.000> right 00:12:48.290 --> 00:12:48.300 align:start position:0% institutions in your jurisdiction right 00:12:48.300 --> 00:12:49.550 align:start position:0% institutions in your jurisdiction right so<00:12:48.480> you<00:12:48.600> mentioned<00:12:48.839> you're<00:12:49.019> speaking<00:12:49.380> with 00:12:49.550 --> 00:12:49.560 align:start position:0% so you mentioned you're speaking with 00:12:49.560 --> 00:12:52.069 align:start position:0% so you mentioned you're speaking with banks<00:12:49.980> you're<00:12:50.399> speaking<00:12:50.760> with<00:12:51.000> Regulators<00:12:51.899> in 00:12:52.069 --> 00:12:52.079 align:start position:0% banks you're speaking with Regulators in 00:12:52.079 --> 00:12:53.329 align:start position:0% banks you're speaking with Regulators in the<00:12:52.200> space<00:12:52.320> as<00:12:52.500> well<00:12:52.680> you're<00:12:52.920> very<00:12:53.100> much<00:12:53.220> so 00:12:53.329 --> 00:12:53.339 align:start position:0% the space as well you're very much so 00:12:53.339 --> 00:12:54.889 align:start position:0% the space as well you're very much so working<00:12:53.579> with<00:12:53.820> real<00:12:54.000> world<00:12:54.240> assets<00:12:54.540> which<00:12:54.779> is 00:12:54.889 --> 00:12:54.899 align:start position:0% working with real world assets which is 00:12:54.899 --> 00:12:56.750 align:start position:0% working with real world assets which is just<00:12:55.079> a<00:12:55.200> fascinating<00:12:55.920> Concept<00:12:56.279> in<00:12:56.459> and<00:12:56.639> of 00:12:56.750 --> 00:12:56.760 align:start position:0% just a fascinating Concept in and of 00:12:56.760 --> 00:12:59.329 align:start position:0% just a fascinating Concept in and of itself<00:12:57.060> too<00:12:57.420> so<00:12:58.320> I<00:12:58.500> wonder<00:12:58.860> if<00:12:58.980> you<00:12:59.100> could<00:12:59.220> set 00:12:59.329 --> 00:12:59.339 align:start position:0% itself too so I wonder if you could set 00:12:59.339 --> 00:13:00.410 align:start position:0% itself too so I wonder if you could set a<00:12:59.519> little<00:12:59.579> bit<00:12:59.700> of<00:12:59.760> a<00:12:59.880> light<00:13:00.000> on<00:13:00.120> that<00:13:00.240> because 00:13:00.410 --> 00:13:00.420 align:start position:0% a little bit of a light on that because 00:13:00.420 --> 00:13:02.210 align:start position:0% a little bit of a light on that because that's<00:13:00.600> been<00:13:00.779> a<00:13:01.019> really<00:13:01.260> sort<00:13:01.560> of<00:13:01.680> Hot<00:13:01.860> Topic 00:13:02.210 --> 00:13:02.220 align:start position:0% that's been a really sort of Hot Topic 00:13:02.220 --> 00:13:04.370 align:start position:0% that's been a really sort of Hot Topic in<00:13:02.339> the<00:13:02.459> space<00:13:02.639> recently<00:13:03.180> how<00:13:03.959> we<00:13:04.079> integrate 00:13:04.370 --> 00:13:04.380 align:start position:0% in the space recently how we integrate 00:13:04.380 --> 00:13:06.170 align:start position:0% in the space recently how we integrate real<00:13:04.500> world<00:13:04.740> assets<00:13:05.040> within<00:13:05.279> D5<00:13:05.519> so<00:13:05.760> maybe<00:13:05.940> you 00:13:06.170 --> 00:13:06.180 align:start position:0% real world assets within D5 so maybe you 00:13:06.180 --> 00:13:08.449 align:start position:0% real world assets within D5 so maybe you can<00:13:06.300> shed<00:13:06.600> some<00:13:06.779> light<00:13:06.899> on<00:13:07.079> that<00:13:07.200> yes<00:13:07.980> I<00:13:08.220> mean<00:13:08.339> I 00:13:08.449 --> 00:13:08.459 align:start position:0% can shed some light on that yes I mean I 00:13:08.459 --> 00:13:10.730 align:start position:0% can shed some light on that yes I mean I understand<00:13:08.639> because<00:13:09.120> the<00:13:09.839> entire<00:13:10.019> blockchain 00:13:10.730 --> 00:13:10.740 align:start position:0% understand because the entire blockchain 00:13:10.740 --> 00:13:12.829 align:start position:0% understand because the entire blockchain ecosystem<00:13:11.220> has<00:13:11.579> always<00:13:11.760> been<00:13:12.000> wondering<00:13:12.420> that 00:13:12.829 --> 00:13:12.839 align:start position:0% ecosystem has always been wondering that 00:13:12.839 --> 00:13:16.550 align:start position:0% ecosystem has always been wondering that uh<00:13:13.260> how<00:13:14.220> do<00:13:14.579> banks<00:13:15.540> and<00:13:15.660> governments<00:13:16.200> fit<00:13:16.440> in 00:13:16.550 --> 00:13:16.560 align:start position:0% uh how do banks and governments fit in 00:13:16.560 --> 00:13:18.230 align:start position:0% uh how do banks and governments fit in with<00:13:16.800> the<00:13:16.920> ecosystem<00:13:17.339> how<00:13:17.700> to<00:13:17.760> bring<00:13:17.940> them<00:13:18.060> on 00:13:18.230 --> 00:13:18.240 align:start position:0% with the ecosystem how to bring them on 00:13:18.240 --> 00:13:19.850 align:start position:0% with the ecosystem how to bring them on board<00:13:18.420> I<00:13:18.720> have<00:13:18.899> met<00:13:19.019> so<00:13:19.200> many<00:13:19.320> people<00:13:19.500> here 00:13:19.850 --> 00:13:19.860 align:start position:0% board I have met so many people here 00:13:19.860 --> 00:13:21.350 align:start position:0% board I have met so many people here people<00:13:20.339> working<00:13:20.579> with<00:13:20.820> the<00:13:20.940> Colombian 00:13:21.350 --> 00:13:21.360 align:start position:0% people working with the Colombian 00:13:21.360 --> 00:13:22.730 align:start position:0% people working with the Colombian government<00:13:21.540> I<00:13:21.839> work<00:13:22.079> with<00:13:22.200> Indian<00:13:22.440> government 00:13:22.730 --> 00:13:22.740 align:start position:0% government I work with Indian government 00:13:22.740 --> 00:13:24.530 align:start position:0% government I work with Indian government he's<00:13:23.579> working<00:13:23.820> with<00:13:23.940> the<00:13:24.060> Kenyan<00:13:24.360> government 00:13:24.530 --> 00:13:24.540 align:start position:0% he's working with the Kenyan government 00:13:24.540 --> 00:13:27.230 align:start position:0% he's working with the Kenyan government so<00:13:24.959> uh<00:13:25.740> definitely<00:13:26.339> now<00:13:26.579> Banks<00:13:27.120> and 00:13:27.230 --> 00:13:27.240 align:start position:0% so uh definitely now Banks and 00:13:27.240 --> 00:13:28.550 align:start position:0% so uh definitely now Banks and governments<00:13:27.720> and<00:13:27.839> all<00:13:28.019> those<00:13:28.139> institutions 00:13:28.550 --> 00:13:28.560 align:start position:0% governments and all those institutions 00:13:28.560 --> 00:13:31.069 align:start position:0% governments and all those institutions have<00:13:28.860> started<00:13:29.220> opening<00:13:29.639> up<00:13:29.880> to<00:13:30.360> you<00:13:30.779> know<00:13:30.839> to 00:13:31.069 --> 00:13:31.079 align:start position:0% have started opening up to you know to 00:13:31.079 --> 00:13:33.590 align:start position:0% have started opening up to you know to to<00:13:31.320> adopting<00:13:31.740> blockchain<00:13:32.279> based<00:13:32.760> systems<00:13:33.180> but 00:13:33.590 --> 00:13:33.600 align:start position:0% to adopting blockchain based systems but 00:13:33.600 --> 00:13:34.730 align:start position:0% to adopting blockchain based systems but then<00:13:33.720> there<00:13:33.899> are<00:13:34.019> certain<00:13:34.200> boundaries<00:13:34.560> that 00:13:34.730 --> 00:13:34.740 align:start position:0% then there are certain boundaries that 00:13:34.740 --> 00:13:36.710 align:start position:0% then there are certain boundaries that you<00:13:34.920> always<00:13:35.279> always<00:13:35.579> would<00:13:36.000> have<00:13:36.180> to<00:13:36.360> keep<00:13:36.600> in 00:13:36.710 --> 00:13:36.720 align:start position:0% you always always would have to keep in 00:13:36.720 --> 00:13:38.150 align:start position:0% you always always would have to keep in mind<00:13:36.899> so<00:13:37.079> for<00:13:37.320> example 00:13:38.150 --> 00:13:38.160 align:start position:0% mind so for example 00:13:38.160 --> 00:13:40.550 align:start position:0% mind so for example I<00:13:38.820> we<00:13:39.060> could<00:13:39.240> not<00:13:39.360> have<00:13:39.480> just<00:13:39.720> asked<00:13:40.139> to<00:13:40.380> ask 00:13:40.550 --> 00:13:40.560 align:start position:0% I we could not have just asked to ask 00:13:40.560 --> 00:13:42.889 align:start position:0% I we could not have just asked to ask the<00:13:40.740> bank<00:13:40.920> to<00:13:41.160> come<00:13:41.399> and<00:13:41.820> join<00:13:42.180> us<00:13:42.300> on<00:13:42.600> a<00:13:42.720> public 00:13:42.889 --> 00:13:42.899 align:start position:0% the bank to come and join us on a public 00:13:42.899 --> 00:13:45.590 align:start position:0% the bank to come and join us on a public blockchain<00:13:43.320> right<00:13:43.620> like<00:13:43.800> ethereum<00:13:44.220> polygon 00:13:45.590 --> 00:13:45.600 align:start position:0% blockchain right like ethereum polygon 00:13:45.600 --> 00:13:47.750 align:start position:0% blockchain right like ethereum polygon um<00:13:45.720> but<00:13:46.200> on<00:13:46.380> the<00:13:46.500> other<00:13:46.560> hand<00:13:46.800> uh<00:13:47.220> so<00:13:47.339> so<00:13:47.459> it<00:13:47.639> has 00:13:47.750 --> 00:13:47.760 align:start position:0% um but on the other hand uh so so it has 00:13:47.760 --> 00:13:49.190 align:start position:0% um but on the other hand uh so so it has to<00:13:47.880> be<00:13:47.940> designed<00:13:48.240> very<00:13:48.360> specifically<00:13:48.839> so<00:13:49.079> that 00:13:49.190 --> 00:13:49.200 align:start position:0% to be designed very specifically so that 00:13:49.200 --> 00:13:51.410 align:start position:0% to be designed very specifically so that you<00:13:49.380> can<00:13:49.500> take<00:13:49.740> them<00:13:49.980> in<00:13:50.160> confidence 00:13:51.410 --> 00:13:51.420 align:start position:0% you can take them in confidence 00:13:51.420 --> 00:13:54.230 align:start position:0% you can take them in confidence one<00:13:52.200> very<00:13:52.620> important<00:13:52.920> thing<00:13:53.100> about<00:13:53.279> Banks<00:13:53.880> and 00:13:54.230 --> 00:13:54.240 align:start position:0% one very important thing about Banks and 00:13:54.240 --> 00:13:56.569 align:start position:0% one very important thing about Banks and uh<00:13:54.720> I<00:13:55.079> mean<00:13:55.260> especially<00:13:55.620> big<00:13:55.800> Banks<00:13:56.220> right<00:13:56.339> and 00:13:56.569 --> 00:13:56.579 align:start position:0% uh I mean especially big Banks right and 00:13:56.579 --> 00:13:58.790 align:start position:0% uh I mean especially big Banks right and in<00:13:56.820> India<00:13:57.120> there<00:13:57.480> are<00:13:57.660> a<00:13:58.019> handful<00:13:58.440> of<00:13:58.620> big 00:13:58.790 --> 00:13:58.800 align:start position:0% in India there are a handful of big 00:13:58.800 --> 00:14:02.210 align:start position:0% in India there are a handful of big Banks<00:13:59.339> big<00:13:59.459> odds<00:13:59.880> and<00:14:00.779> uh<00:14:01.320> is<00:14:01.740> that<00:14:01.920> their 00:14:02.210 --> 00:14:02.220 align:start position:0% Banks big odds and uh is that their 00:14:02.220 --> 00:14:04.790 align:start position:0% Banks big odds and uh is that their sales<00:14:02.459> Cycles<00:14:03.060> are<00:14:03.240> too<00:14:03.420> long<00:14:03.600> because<00:14:04.139> it's 00:14:04.790 --> 00:14:04.800 align:start position:0% sales Cycles are too long because it's 00:14:04.800 --> 00:14:06.829 align:start position:0% sales Cycles are too long because it's just<00:14:05.040> how<00:14:05.220> they<00:14:05.399> are<00:14:05.519> right<00:14:05.760> and 00:14:06.829 --> 00:14:06.839 align:start position:0% just how they are right and 00:14:06.839 --> 00:14:09.290 align:start position:0% just how they are right and further<00:14:07.560> crossing<00:14:07.980> the<00:14:08.160> barrier<00:14:08.519> of<00:14:08.820> going 00:14:09.290 --> 00:14:09.300 align:start position:0% further crossing the barrier of going 00:14:09.300 --> 00:14:10.910 align:start position:0% further crossing the barrier of going onto<00:14:09.540> a<00:14:09.660> blockchain<00:14:10.019> platform<00:14:10.380> internally 00:14:10.910 --> 00:14:10.920 align:start position:0% onto a blockchain platform internally 00:14:10.920 --> 00:14:12.889 align:start position:0% onto a blockchain platform internally they<00:14:11.220> have<00:14:11.339> that<00:14:11.519> bureaucracy<00:14:12.060> as<00:14:12.240> well<00:14:12.420> that 00:14:12.889 --> 00:14:12.899 align:start position:0% they have that bureaucracy as well that 00:14:12.899 --> 00:14:14.990 align:start position:0% they have that bureaucracy as well that is<00:14:13.019> a<00:14:13.139> tough<00:14:13.260> sell<00:14:13.500> already<00:14:13.920> but<00:14:14.339> one<00:14:14.579> thing<00:14:14.700> we 00:14:14.990 --> 00:14:15.000 align:start position:0% is a tough sell already but one thing we 00:14:15.000 --> 00:14:17.210 align:start position:0% is a tough sell already but one thing we have<00:14:15.120> constantly<00:14:15.660> seen<00:14:16.079> seen<00:14:16.500> in<00:14:16.920> our<00:14:17.040> use 00:14:17.210 --> 00:14:17.220 align:start position:0% have constantly seen seen in our use 00:14:17.220 --> 00:14:19.670 align:start position:0% have constantly seen seen in our use case<00:14:17.399> is<00:14:17.579> that<00:14:17.880> not<00:14:18.240> a<00:14:18.420> single<00:14:18.660> bank<00:14:18.839> has<00:14:19.500> ever 00:14:19.670 --> 00:14:19.680 align:start position:0% case is that not a single bank has ever 00:14:19.680 --> 00:14:22.250 align:start position:0% case is that not a single bank has ever said<00:14:19.980> that<00:14:20.339> uh<00:14:20.760> no<00:14:21.120> this<00:14:21.360> is<00:14:21.480> not<00:14:21.660> something<00:14:21.899> we 00:14:22.250 --> 00:14:22.260 align:start position:0% said that uh no this is not something we 00:14:22.260 --> 00:14:24.769 align:start position:0% said that uh no this is not something we want<00:14:22.440> because<00:14:23.279> again<00:14:23.639> this<00:14:24.120> is<00:14:24.240> not<00:14:24.360> a<00:14:24.480> domain 00:14:24.769 --> 00:14:24.779 align:start position:0% want because again this is not a domain 00:14:24.779 --> 00:14:26.150 align:start position:0% want because again this is not a domain this<00:14:24.959> is<00:14:25.019> called<00:14:25.139> Warehouse<00:14:25.500> receipt<00:14:25.860> Finance 00:14:26.150 --> 00:14:26.160 align:start position:0% this is called Warehouse receipt Finance 00:14:26.160 --> 00:14:27.530 align:start position:0% this is called Warehouse receipt Finance you<00:14:26.339> store<00:14:26.519> a<00:14:26.700> crop<00:14:26.820> you<00:14:26.940> take<00:14:27.120> a<00:14:27.240> loan<00:14:27.360> against 00:14:27.530 --> 00:14:27.540 align:start position:0% you store a crop you take a loan against 00:14:27.540 --> 00:14:29.930 align:start position:0% you store a crop you take a loan against it<00:14:27.720> it's<00:14:27.959> as<00:14:28.260> simple<00:14:28.380> as<00:14:28.560> that<00:14:28.740> it<00:14:29.279> has<00:14:29.459> been<00:14:29.639> in 00:14:29.930 --> 00:14:29.940 align:start position:0% it it's as simple as that it has been in 00:14:29.940 --> 00:14:31.550 align:start position:0% it it's as simple as that it has been in fact<00:14:30.120> it<00:14:30.300> has<00:14:30.420> been<00:14:30.600> it<00:14:30.839> is<00:14:30.959> one<00:14:31.139> of<00:14:31.200> the<00:14:31.320> oldest 00:14:31.550 --> 00:14:31.560 align:start position:0% fact it has been it is one of the oldest 00:14:31.560 --> 00:14:33.710 align:start position:0% fact it has been it is one of the oldest lending<00:14:31.980> products<00:14:32.279> known<00:14:32.700> to<00:14:32.820> mankind 00:14:33.710 --> 00:14:33.720 align:start position:0% lending products known to mankind 00:14:33.720 --> 00:14:36.230 align:start position:0% lending products known to mankind what<00:14:34.260> we<00:14:34.440> did<00:14:34.560> was<00:14:34.800> we<00:14:35.040> we<00:14:35.279> just<00:14:35.820> made<00:14:36.120> it 00:14:36.230 --> 00:14:36.240 align:start position:0% what we did was we we just made it 00:14:36.240 --> 00:14:38.750 align:start position:0% what we did was we we just made it better<00:14:36.420> right<00:14:36.899> but<00:14:37.620> Banks<00:14:38.040> knew<00:14:38.279> it<00:14:38.339> and<00:14:38.459> banks 00:14:38.750 --> 00:14:38.760 align:start position:0% better right but Banks knew it and banks 00:14:38.760 --> 00:14:39.710 align:start position:0% better right but Banks knew it and banks have<00:14:38.880> been<00:14:39.000> facing<00:14:39.240> these<00:14:39.360> fraud<00:14:39.600> since 00:14:39.710 --> 00:14:39.720 align:start position:0% have been facing these fraud since 00:14:39.720 --> 00:14:41.389 align:start position:0% have been facing these fraud since decades<00:14:40.139> so<00:14:40.320> and<00:14:40.560> they<00:14:40.680> tried<00:14:40.920> solving<00:14:41.279> it 00:14:41.389 --> 00:14:41.399 align:start position:0% decades so and they tried solving it 00:14:41.399 --> 00:14:43.009 align:start position:0% decades so and they tried solving it with<00:14:41.519> Legacy<00:14:41.880> Technologies<00:14:42.360> which<00:14:42.720> they 00:14:43.009 --> 00:14:43.019 align:start position:0% with Legacy Technologies which they 00:14:43.019 --> 00:14:44.689 align:start position:0% with Legacy Technologies which they haven't<00:14:43.139> been<00:14:43.380> able<00:14:43.560> to<00:14:43.680> so<00:14:44.220> they<00:14:44.399> were<00:14:44.519> open 00:14:44.689 --> 00:14:44.699 align:start position:0% haven't been able to so they were open 00:14:44.699 --> 00:14:46.970 align:start position:0% haven't been able to so they were open to<00:14:44.940> at<00:14:45.180> least<00:14:45.300> open<00:14:45.480> to<00:14:45.779> adopting<00:14:46.440> blockchain 00:14:46.970 --> 00:14:46.980 align:start position:0% to at least open to adopting blockchain 00:14:46.980 --> 00:14:48.230 align:start position:0% to at least open to adopting blockchain right 00:14:48.230 --> 00:14:48.240 align:start position:0% right 00:14:48.240 --> 00:14:50.389 align:start position:0% right they<00:14:48.660> knew<00:14:48.899> firsthand<00:14:49.380> so<00:14:49.560> yeah<00:14:49.800> there's<00:14:50.220> a 00:14:50.389 --> 00:14:50.399 align:start position:0% they knew firsthand so yeah there's a 00:14:50.399 --> 00:14:52.550 align:start position:0% they knew firsthand so yeah there's a very<00:14:50.459> clear<00:14:50.639> distinction<00:14:51.420> here<00:14:51.720> firsthand 00:14:52.550 --> 00:14:52.560 align:start position:0% very clear distinction here firsthand 00:14:52.560 --> 00:14:53.990 align:start position:0% very clear distinction here firsthand they<00:14:52.800> knew<00:14:53.040> we<00:14:53.220> are<00:14:53.399> only<00:14:53.639> talking<00:14:53.880> about 00:14:53.990 --> 00:14:54.000 align:start position:0% they knew we are only talking about 00:14:54.000 --> 00:14:55.670 align:start position:0% they knew we are only talking about blockchain<00:14:54.420> technology<00:14:54.839> and<00:14:55.199> we<00:14:55.380> are<00:14:55.560> not 00:14:55.670 --> 00:14:55.680 align:start position:0% blockchain technology and we are not 00:14:55.680 --> 00:14:57.889 align:start position:0% blockchain technology and we are not talking<00:14:55.860> about<00:14:56.040> cryptocurrency 00:14:57.889 --> 00:14:57.899 align:start position:0% talking about cryptocurrency 00:14:57.899 --> 00:15:00.470 align:start position:0% talking about cryptocurrency blockchain<00:14:58.560> banks<00:14:59.399> on<00:14:59.579> blockchain<00:15:00.000> will 00:15:00.470 --> 00:15:00.480 align:start position:0% blockchain banks on blockchain will 00:15:00.480 --> 00:15:02.509 align:start position:0% blockchain banks on blockchain will barely<00:15:01.139> ever<00:15:01.380> get<00:15:01.740> involved<00:15:02.220> with 00:15:02.509 --> 00:15:02.519 align:start position:0% barely ever get involved with 00:15:02.519 --> 00:15:04.310 align:start position:0% barely ever get involved with cryptocurrency<00:15:03.360> at<00:15:03.660> least<00:15:03.779> in<00:15:03.959> such<00:15:04.139> use 00:15:04.310 --> 00:15:04.320 align:start position:0% cryptocurrency at least in such use 00:15:04.320 --> 00:15:06.170 align:start position:0% cryptocurrency at least in such use cases<00:15:04.560> not<00:15:04.860> in<00:15:05.040> uh<00:15:05.339> the<00:15:05.579> ones<00:15:05.760> where<00:15:05.940> we<00:15:06.060> are 00:15:06.170 --> 00:15:06.180 align:start position:0% cases not in uh the ones where we are 00:15:06.180 --> 00:15:08.569 align:start position:0% cases not in uh the ones where we are talking<00:15:06.300> about<00:15:06.480> cbdc<00:15:07.139> or<00:15:07.500> or<00:15:07.740> cross-border 00:15:08.569 --> 00:15:08.579 align:start position:0% talking about cbdc or or cross-border 00:15:08.579 --> 00:15:10.790 align:start position:0% talking about cbdc or or cross-border payments<00:15:08.940> Etc<00:15:09.060> but<00:15:10.019> here<00:15:10.199> they<00:15:10.380> had<00:15:10.560> to<00:15:10.680> be 00:15:10.790 --> 00:15:10.800 align:start position:0% payments Etc but here they had to be 00:15:10.800 --> 00:15:12.470 align:start position:0% payments Etc but here they had to be very<00:15:10.860> clear<00:15:11.100> so<00:15:11.459> what<00:15:11.639> we<00:15:11.760> did<00:15:11.880> was<00:15:12.060> to<00:15:12.180> onboard 00:15:12.470 --> 00:15:12.480 align:start position:0% very clear so what we did was to onboard 00:15:12.480 --> 00:15:14.269 align:start position:0% very clear so what we did was to onboard them<00:15:12.720> we<00:15:12.839> created<00:15:13.079> a<00:15:13.320> permission<00:15:13.740> blockchain 00:15:14.269 --> 00:15:14.279 align:start position:0% them we created a permission blockchain 00:15:14.279 --> 00:15:16.610 align:start position:0% them we created a permission blockchain which<00:15:15.000> Quorum<00:15:15.420> which<00:15:15.600> was<00:15:15.720> built<00:15:15.899> by<00:15:16.019> JPMorgan 00:15:16.610 --> 00:15:16.620 align:start position:0% which Quorum which was built by JPMorgan 00:15:16.620 --> 00:15:18.829 align:start position:0% which Quorum which was built by JPMorgan so<00:15:16.800> came<00:15:17.579> as<00:15:17.820> a<00:15:17.940> perfect<00:15:18.060> use<00:15:18.240> case<00:15:18.420> that<00:15:18.600> JP 00:15:18.829 --> 00:15:18.839 align:start position:0% so came as a perfect use case that JP 00:15:18.839 --> 00:15:20.689 align:start position:0% so came as a perfect use case that JP Morgan<00:15:18.959> is<00:15:19.260> running<00:15:19.380> a<00:15:19.620> 400<00:15:19.860> Bank<00:15:20.160> strong 00:15:20.689 --> 00:15:20.699 align:start position:0% Morgan is running a 400 Bank strong 00:15:20.699 --> 00:15:22.129 align:start position:0% Morgan is running a 400 Bank strong Network<00:15:20.940> on<00:15:21.180> the<00:15:21.360> same<00:15:21.480> blockchain<00:15:21.779> so<00:15:21.959> why 00:15:22.129 --> 00:15:22.139 align:start position:0% Network on the same blockchain so why 00:15:22.139 --> 00:15:24.530 align:start position:0% Network on the same blockchain so why not<00:15:22.260> we<00:15:22.380> use<00:15:22.560> it<00:15:22.740> use<00:15:23.100> the<00:15:23.279> same<00:15:23.459> thing<00:15:23.639> and 00:15:24.530 --> 00:15:24.540 align:start position:0% not we use it use the same thing and 00:15:24.540 --> 00:15:26.569 align:start position:0% not we use it use the same thing and then<00:15:24.779> when<00:15:25.260> the<00:15:25.380> banks<00:15:25.620> were<00:15:25.740> on<00:15:25.920> board<00:15:26.040> we 00:15:26.569 --> 00:15:26.579 align:start position:0% then when the banks were on board we 00:15:26.579 --> 00:15:29.329 align:start position:0% then when the banks were on board we also<00:15:26.940> uh<00:15:27.240> talked<00:15:27.540> to<00:15:27.600> the<00:15:27.839> governments<00:15:28.560> of 00:15:29.329 --> 00:15:29.339 align:start position:0% also uh talked to the governments of 00:15:29.339 --> 00:15:31.069 align:start position:0% also uh talked to the governments of course<00:15:29.459> as<00:15:29.760> much<00:15:30.000> as<00:15:30.180> possible<00:15:30.480> reaching<00:15:30.959> out 00:15:31.069 --> 00:15:31.079 align:start position:0% course as much as possible reaching out 00:15:31.079 --> 00:15:33.650 align:start position:0% course as much as possible reaching out there<00:15:31.320> are<00:15:31.500> state<00:15:31.620> governments<00:15:32.579> in<00:15:32.699> India<00:15:33.000> and 00:15:33.650 --> 00:15:33.660 align:start position:0% there are state governments in India and 00:15:33.660 --> 00:15:34.970 align:start position:0% there are state governments in India and then<00:15:33.899> they<00:15:34.079> saw<00:15:34.260> that<00:15:34.440> okay<00:15:34.560> there's<00:15:34.800> an 00:15:34.970 --> 00:15:34.980 align:start position:0% then they saw that okay there's an 00:15:34.980 --> 00:15:37.009 align:start position:0% then they saw that okay there's an opportunity<00:15:35.339> no<00:15:36.000> cryptocurrency<00:15:36.600> involved 00:15:37.009 --> 00:15:37.019 align:start position:0% opportunity no cryptocurrency involved 00:15:37.019 --> 00:15:38.210 align:start position:0% opportunity no cryptocurrency involved the<00:15:37.260> Indian<00:15:37.380> government<00:15:37.680> has<00:15:37.920> been<00:15:38.100> very 00:15:38.210 --> 00:15:38.220 align:start position:0% the Indian government has been very 00:15:38.220 --> 00:15:39.470 align:start position:0% the Indian government has been very supportive<00:15:38.519> of<00:15:38.699> blockchain<00:15:39.000> I<00:15:39.180> mean<00:15:39.240> you<00:15:39.360> know 00:15:39.470 --> 00:15:39.480 align:start position:0% supportive of blockchain I mean you know 00:15:39.480 --> 00:15:41.090 align:start position:0% supportive of blockchain I mean you know we<00:15:39.600> have<00:15:39.720> seen<00:15:39.899> we<00:15:40.260> have<00:15:40.380> heard<00:15:40.500> the<00:15:40.740> Indian 00:15:41.090 --> 00:15:41.100 align:start position:0% we have seen we have heard the Indian 00:15:41.100 --> 00:15:42.650 align:start position:0% we have seen we have heard the Indian honorable<00:15:41.519> Indian<00:15:41.699> Prime<00:15:41.940> Minister<00:15:42.120> srina 00:15:42.650 --> 00:15:42.660 align:start position:0% honorable Indian Prime Minister srina 00:15:42.660 --> 00:15:44.569 align:start position:0% honorable Indian Prime Minister srina Modi<00:15:43.260> we<00:15:43.380> have<00:15:43.500> seen<00:15:43.680> him<00:15:43.860> speak<00:15:44.339> about 00:15:44.569 --> 00:15:44.579 align:start position:0% Modi we have seen him speak about 00:15:44.579 --> 00:15:46.189 align:start position:0% Modi we have seen him speak about blockchain<00:15:45.120> at<00:15:45.360> the<00:15:45.480> Singapore<00:15:45.839> fintech 00:15:46.189 --> 00:15:46.199 align:start position:0% blockchain at the Singapore fintech 00:15:46.199 --> 00:15:48.410 align:start position:0% blockchain at the Singapore fintech Festival<00:15:46.320> last<00:15:46.680> year<00:15:46.860> he<00:15:47.399> was<00:15:47.639> very<00:15:47.820> very<00:15:48.000> you 00:15:48.410 --> 00:15:48.420 align:start position:0% Festival last year he was very very you 00:15:48.420 --> 00:15:50.689 align:start position:0% Festival last year he was very very you know<00:15:48.480> praiseworthy<00:15:49.139> for<00:15:49.260> for<00:15:49.320> blockchain<00:15:49.920> so 00:15:50.689 --> 00:15:50.699 align:start position:0% know praiseworthy for for blockchain so 00:15:50.699 --> 00:15:52.670 align:start position:0% know praiseworthy for for blockchain so uh<00:15:51.060> the<00:15:51.300> government<00:15:51.420> accepts<00:15:51.959> it<00:15:52.079> accepts<00:15:52.500> it 00:15:52.670 --> 00:15:52.680 align:start position:0% uh the government accepts it accepts it 00:15:52.680 --> 00:15:54.290 align:start position:0% uh the government accepts it accepts it really<00:15:52.860> uh<00:15:53.339> till<00:15:53.519> the<00:15:53.639> time<00:15:53.760> we<00:15:53.880> do<00:15:54.060> not<00:15:54.180> bring 00:15:54.290 --> 00:15:54.300 align:start position:0% really uh till the time we do not bring 00:15:54.300 --> 00:15:56.329 align:start position:0% really uh till the time we do not bring cryptocurrency<00:15:55.019> the<00:15:55.740> challenge<00:15:55.920> here<00:15:56.100> is 00:15:56.329 --> 00:15:56.339 align:start position:0% cryptocurrency the challenge here is 00:15:56.339 --> 00:15:58.370 align:start position:0% cryptocurrency the challenge here is that<00:15:56.519> bringing<00:15:56.880> D5<00:15:57.300> onto<00:15:57.660> the<00:15:57.779> same<00:15:57.899> platform 00:15:58.370 --> 00:15:58.380 align:start position:0% that bringing D5 onto the same platform 00:15:58.380 --> 00:16:00.350 align:start position:0% that bringing D5 onto the same platform which<00:15:59.100> is<00:15:59.279> where<00:15:59.519> things<00:15:59.880> become<00:16:00.180> very 00:16:00.350 --> 00:16:00.360 align:start position:0% which is where things become very 00:16:00.360 --> 00:16:01.490 align:start position:0% which is where things become very complicated<00:16:00.779> which<00:16:01.019> is<00:16:01.139> something<00:16:01.260> we're 00:16:01.490 --> 00:16:01.500 align:start position:0% complicated which is something we're 00:16:01.500 --> 00:16:02.750 align:start position:0% complicated which is something we're trying<00:16:01.680> to<00:16:01.800> navigate<00:16:01.920> even<00:16:02.220> at<00:16:02.459> this<00:16:02.579> moment 00:16:02.750 --> 00:16:02.760 align:start position:0% trying to navigate even at this moment 00:16:02.760 --> 00:16:04.670 align:start position:0% trying to navigate even at this moment we<00:16:03.000> are<00:16:03.120> trying<00:16:03.240> to<00:16:03.420> keep<00:16:03.600> them<00:16:03.839> uh<00:16:04.320> separate 00:16:04.670 --> 00:16:04.680 align:start position:0% we are trying to keep them uh separate 00:16:04.680 --> 00:16:06.889 align:start position:0% we are trying to keep them uh separate Banks<00:16:05.519> won't<00:16:05.639> be<00:16:05.820> interacting<00:16:06.600> with<00:16:06.779> the 00:16:06.889 --> 00:16:06.899 align:start position:0% Banks won't be interacting with the 00:16:06.899 --> 00:16:08.810 align:start position:0% Banks won't be interacting with the crypto<00:16:07.139> ecosystem<00:16:07.500> the<00:16:07.860> crypto<00:16:08.160> D5<00:16:08.459> lenders 00:16:08.810 --> 00:16:08.820 align:start position:0% crypto ecosystem the crypto D5 lenders 00:16:08.820 --> 00:16:10.129 align:start position:0% crypto ecosystem the crypto D5 lenders won't<00:16:09.000> be<00:16:09.120> interacting<00:16:09.480> with<00:16:09.660> these<00:16:09.839> C5 00:16:10.129 --> 00:16:10.139 align:start position:0% won't be interacting with these C5 00:16:10.139 --> 00:16:12.230 align:start position:0% won't be interacting with these C5 lenders<00:16:10.860> but<00:16:11.339> the<00:16:11.519> farmer<00:16:11.880> should<00:16:12.120> be 00:16:12.230 --> 00:16:12.240 align:start position:0% lenders but the farmer should be 00:16:12.240 --> 00:16:13.730 align:start position:0% lenders but the farmer should be benefited<00:16:12.660> so<00:16:12.779> the<00:16:12.959> farmer<00:16:13.199> on<00:16:13.380> the<00:16:13.440> click<00:16:13.620> of 00:16:13.730 --> 00:16:13.740 align:start position:0% benefited so the farmer on the click of 00:16:13.740 --> 00:16:15.290 align:start position:0% benefited so the farmer on the click of a<00:16:13.860> button<00:16:14.040> on<00:16:14.220> a<00:16:14.339> multilingual<00:16:14.760> app<00:16:14.940> would<00:16:15.120> be 00:16:15.290 --> 00:16:15.300 align:start position:0% a button on a multilingual app would be 00:16:15.300 --> 00:16:17.030 align:start position:0% a button on a multilingual app would be having<00:16:15.420> access<00:16:15.660> to<00:16:15.959> whether<00:16:16.320> to<00:16:16.620> take<00:16:16.800> this 00:16:17.030 --> 00:16:17.040 align:start position:0% having access to whether to take this 00:16:17.040 --> 00:16:18.949 align:start position:0% having access to whether to take this moment<00:16:17.279> this<00:16:17.519> crop<00:16:17.820> loan<00:16:18.180> against<00:16:18.300> that 00:16:18.949 --> 00:16:18.959 align:start position:0% moment this crop loan against that 00:16:18.959 --> 00:16:21.350 align:start position:0% moment this crop loan against that particular<00:16:19.199> crop<00:16:19.500> in<00:16:19.800> D5<00:16:20.100> or<00:16:20.339> in<00:16:20.459> C5<00:16:20.760> that's 00:16:21.350 --> 00:16:21.360 align:start position:0% particular crop in D5 or in C5 that's 00:16:21.360 --> 00:16:23.090 align:start position:0% particular crop in D5 or in C5 that's what<00:16:21.540> we're<00:16:21.660> trying<00:16:21.839> to<00:16:21.959> abstract<00:16:22.320> it's<00:16:22.920> a 00:16:23.090 --> 00:16:23.100 align:start position:0% what we're trying to abstract it's a 00:16:23.100 --> 00:16:24.410 align:start position:0% what we're trying to abstract it's a challenge<00:16:23.279> it's<00:16:23.639> still<00:16:23.820> a<00:16:24.000> challenge<00:16:24.120> I'm 00:16:24.410 --> 00:16:24.420 align:start position:0% challenge it's still a challenge I'm 00:16:24.420 --> 00:16:25.850 align:start position:0% challenge it's still a challenge I'm pretty<00:16:24.600> sure<00:16:24.720> that<00:16:24.899> Kenya<00:16:25.320> and<00:16:25.440> Latin<00:16:25.740> America 00:16:25.850 --> 00:16:25.860 align:start position:0% pretty sure that Kenya and Latin America 00:16:25.860 --> 00:16:27.410 align:start position:0% pretty sure that Kenya and Latin America they<00:16:26.160> would<00:16:26.339> be<00:16:26.399> facing<00:16:26.699> the<00:16:26.820> same<00:16:26.940> problems 00:16:27.410 --> 00:16:27.420 align:start position:0% they would be facing the same problems 00:16:27.420 --> 00:16:29.329 align:start position:0% they would be facing the same problems because<00:16:27.660> it's<00:16:28.139> just<00:16:28.260> how<00:16:28.320> it<00:16:28.500> is<00:16:28.860> I<00:16:29.100> mean<00:16:29.160> you 00:16:29.329 --> 00:16:29.339 align:start position:0% because it's just how it is I mean you 00:16:29.339 --> 00:16:30.470 align:start position:0% because it's just how it is I mean you know<00:16:29.399> it's<00:16:29.519> just<00:16:29.639> a<00:16:29.760> decade<00:16:30.000> of<00:16:30.120> blockchain 00:16:30.470 --> 00:16:30.480 align:start position:0% know it's just a decade of blockchain 00:16:30.480 --> 00:16:32.030 align:start position:0% know it's just a decade of blockchain that<00:16:30.660> we've<00:16:30.779> seen<00:16:30.959> governments<00:16:31.860> are<00:16:31.920> not 00:16:32.030 --> 00:16:32.040 align:start position:0% that we've seen governments are not 00:16:32.040 --> 00:16:33.650 align:start position:0% that we've seen governments are not ready<00:16:32.160> to<00:16:32.339> accept<00:16:32.459> it<00:16:32.760> just<00:16:33.000> at<00:16:33.180> the<00:16:33.300> first<00:16:33.420> go 00:16:33.650 --> 00:16:33.660 align:start position:0% ready to accept it just at the first go 00:16:33.660 --> 00:16:36.110 align:start position:0% ready to accept it just at the first go that's<00:16:34.380> that's<00:16:34.620> what<00:16:34.860> we've<00:16:35.040> seen<00:16:35.220> yeah<00:16:35.940> yeah 00:16:36.110 --> 00:16:36.120 align:start position:0% that's that's what we've seen yeah yeah 00:16:36.120 --> 00:16:39.230 align:start position:0% that's that's what we've seen yeah yeah it's<00:16:36.480> true<00:16:36.720> for<00:16:37.079> example<00:16:37.380> in<00:16:37.560> our<00:16:37.800> project<00:16:38.240> uh 00:16:39.230 --> 00:16:39.240 align:start position:0% it's true for example in our project uh 00:16:39.240 --> 00:16:41.210 align:start position:0% it's true for example in our project uh we<00:16:39.540> were<00:16:39.720> dealing<00:16:40.259> with<00:16:40.500> the<00:16:40.740> insurance 00:16:41.210 --> 00:16:41.220 align:start position:0% we were dealing with the insurance 00:16:41.220 --> 00:16:43.790 align:start position:0% we were dealing with the insurance regulator<00:16:41.880> so<00:16:42.420> you<00:16:42.660> have<00:16:42.779> to<00:16:43.019> prove<00:16:43.560> that 00:16:43.790 --> 00:16:43.800 align:start position:0% regulator so you have to prove that 00:16:43.800 --> 00:16:45.590 align:start position:0% regulator so you have to prove that you're<00:16:43.980> not<00:16:44.220> using<00:16:44.579> crypto<00:16:44.940> so<00:16:45.300> you<00:16:45.480> don't 00:16:45.590 --> 00:16:45.600 align:start position:0% you're not using crypto so you don't 00:16:45.600 --> 00:16:47.509 align:start position:0% you're not using crypto so you don't have<00:16:45.839> you<00:16:46.259> don't<00:16:46.380> need<00:16:46.620> to<00:16:46.800> mention<00:16:46.920> crypto 00:16:47.509 --> 00:16:47.519 align:start position:0% have you don't need to mention crypto 00:16:47.519 --> 00:16:50.150 align:start position:0% have you don't need to mention crypto results<00:16:47.720> we<00:16:48.720> start<00:16:48.899> with<00:16:49.139> the<00:16:49.259> efficiency<00:16:49.680> so 00:16:50.150 --> 00:16:50.160 align:start position:0% results we start with the efficiency so 00:16:50.160 --> 00:16:52.249 align:start position:0% results we start with the efficiency so we're<00:16:50.339> bringing<00:16:50.639> a<00:16:50.759> technology<00:16:51.180> that<00:16:51.660> will<00:16:51.899> do 00:16:52.249 --> 00:16:52.259 align:start position:0% we're bringing a technology that will do 00:16:52.259 --> 00:16:54.650 align:start position:0% we're bringing a technology that will do exactly<00:16:52.680> what<00:16:52.920> has<00:16:53.220> been<00:16:53.399> happening<00:16:53.820> but<00:16:54.420> now 00:16:54.650 --> 00:16:54.660 align:start position:0% exactly what has been happening but now 00:16:54.660 --> 00:16:57.769 align:start position:0% exactly what has been happening but now we<00:16:54.959> can<00:16:55.079> pay<00:16:55.440> claims<00:16:56.060> immediately<00:16:57.060> at<00:16:57.540> the<00:16:57.660> end 00:16:57.769 --> 00:16:57.779 align:start position:0% we can pay claims immediately at the end 00:16:57.779 --> 00:16:59.150 align:start position:0% we can pay claims immediately at the end of<00:16:57.899> the<00:16:57.959> season<00:16:58.139> you<00:16:58.440> don't<00:16:58.560> have<00:16:58.680> to<00:16:58.800> work<00:16:58.980> for 00:16:59.150 --> 00:16:59.160 align:start position:0% of the season you don't have to work for 00:16:59.160 --> 00:17:02.329 align:start position:0% of the season you don't have to work for six<00:16:59.339> months<00:16:59.639> so<00:17:00.360> after<00:17:00.959> a<00:17:01.199> while<00:17:01.380> the<00:17:02.040> Kenya 00:17:02.329 --> 00:17:02.339 align:start position:0% six months so after a while the Kenya 00:17:02.339 --> 00:17:04.010 align:start position:0% six months so after a while the Kenya government<00:17:02.459> is<00:17:02.820> really<00:17:03.060> good<00:17:03.360> the<00:17:03.660> regulator 00:17:04.010 --> 00:17:04.020 align:start position:0% government is really good the regulator 00:17:04.020 --> 00:17:06.650 align:start position:0% government is really good the regulator has<00:17:04.319> what<00:17:04.500> we<00:17:04.620> call<00:17:04.740> a<00:17:04.919> Sandbox<00:17:05.339> so<00:17:06.120> it<00:17:06.360> gives 00:17:06.650 --> 00:17:06.660 align:start position:0% has what we call a Sandbox so it gives 00:17:06.660 --> 00:17:10.970 align:start position:0% has what we call a Sandbox so it gives any<00:17:07.140> crazy<00:17:07.439> idea<00:17:07.980> to<00:17:08.400> to<00:17:08.760> apply<00:17:09.299> and<00:17:10.140> say<00:17:10.559> we 00:17:10.970 --> 00:17:10.980 align:start position:0% any crazy idea to to apply and say we 00:17:10.980 --> 00:17:12.710 align:start position:0% any crazy idea to to apply and say we want<00:17:11.100> to<00:17:11.220> try<00:17:11.459> out<00:17:11.640> this<00:17:11.939> and<00:17:12.120> this<00:17:12.360> and<00:17:12.480> this 00:17:12.710 --> 00:17:12.720 align:start position:0% want to try out this and this and this 00:17:12.720 --> 00:17:16.309 align:start position:0% want to try out this and this and this so<00:17:13.199> part<00:17:13.620> of<00:17:13.860> this<00:17:14.640> sandbox<00:17:15.480> is<00:17:15.780> where<00:17:16.020> we<00:17:16.140> are 00:17:16.309 --> 00:17:16.319 align:start position:0% so part of this sandbox is where we are 00:17:16.319 --> 00:17:19.449 align:start position:0% so part of this sandbox is where we are now<00:17:16.500> trying<00:17:17.220> to<00:17:17.459> see<00:17:17.640> how<00:17:18.120> can<00:17:18.299> we<00:17:18.480> introduce 00:17:19.449 --> 00:17:19.459 align:start position:0% now trying to see how can we introduce 00:17:19.459 --> 00:17:22.669 align:start position:0% now trying to see how can we introduce risk<00:17:20.459> uh<00:17:20.819> crypto<00:17:21.179> based<00:17:21.540> risk<00:17:21.900> pools<00:17:22.199> where 00:17:22.669 --> 00:17:22.679 align:start position:0% risk uh crypto based risk pools where 00:17:22.679 --> 00:17:26.569 align:start position:0% risk uh crypto based risk pools where now<00:17:23.120> we<00:17:24.120> can<00:17:24.299> pay<00:17:24.720> out<00:17:24.959> from<00:17:25.799> from<00:17:26.160> a<00:17:26.459> certain 00:17:26.569 --> 00:17:26.579 align:start position:0% now we can pay out from from a certain 00:17:26.579 --> 00:17:29.630 align:start position:0% now we can pay out from from a certain risk<00:17:27.059> pool<00:17:27.179> that<00:17:27.600> has<00:17:27.780> been<00:17:27.959> funded<00:17:28.439> by<00:17:29.220> the 00:17:29.630 --> 00:17:29.640 align:start position:0% risk pool that has been funded by the 00:17:29.640 --> 00:17:32.390 align:start position:0% risk pool that has been funded by the community<00:17:29.760> like<00:17:30.299> the<00:17:30.720> default<00:17:31.140> Community<00:17:31.400> uh 00:17:32.390 --> 00:17:32.400 align:start position:0% community like the default Community uh 00:17:32.400 --> 00:17:34.730 align:start position:0% community like the default Community uh Abby<00:17:32.760> is<00:17:32.820> talking<00:17:32.940> about<00:17:33.179> so<00:17:34.140> the<00:17:34.440> regulator 00:17:34.730 --> 00:17:34.740 align:start position:0% Abby is talking about so the regulator 00:17:34.740 --> 00:17:37.190 align:start position:0% Abby is talking about so the regulator has<00:17:35.100> been<00:17:35.340> yeah<00:17:35.580> start<00:17:36.240> with<00:17:36.480> the<00:17:36.660> technology 00:17:37.190 --> 00:17:37.200 align:start position:0% has been yeah start with the technology 00:17:37.200 --> 00:17:40.070 align:start position:0% has been yeah start with the technology and<00:17:37.620> then<00:17:37.740> crypto<00:17:38.340> later 00:17:40.070 --> 00:17:40.080 align:start position:0% and then crypto later 00:17:40.080 --> 00:17:41.630 align:start position:0% and then crypto later yeah I<00:17:40.559> mean<00:17:40.679> we've<00:17:40.860> obviously<00:17:41.160> seen<00:17:41.340> a<00:17:41.520> lot 00:17:41.630 --> 00:17:41.640 align:start position:0% yeah I mean we've obviously seen a lot 00:17:41.640 --> 00:17:44.150 align:start position:0% yeah I mean we've obviously seen a lot of<00:17:42.179> um<00:17:42.240> regulatory<00:17:43.020> talk<00:17:43.260> and<00:17:43.500> that<00:17:43.799> you<00:17:44.039> know 00:17:44.150 --> 00:17:44.160 align:start position:0% of um regulatory talk and that you know 00:17:44.160 --> 00:17:46.250 align:start position:0% of um regulatory talk and that you know sorry<00:17:44.360> we'll<00:17:45.360> sort<00:17:45.600> of<00:17:45.720> get<00:17:45.840> back<00:17:45.960> down<00:17:46.140> on 00:17:46.250 --> 00:17:46.260 align:start position:0% sorry we'll sort of get back down on 00:17:46.260 --> 00:17:47.630 align:start position:0% sorry we'll sort of get back down on throughout<00:17:46.559> much<00:17:46.679> of<00:17:46.799> this<00:17:46.919> conversation<00:17:47.460> but 00:17:47.630 --> 00:17:47.640 align:start position:0% throughout much of this conversation but 00:17:47.640 --> 00:17:48.890 align:start position:0% throughout much of this conversation but it<00:17:47.760> is<00:17:47.880> a<00:17:47.940> really<00:17:48.059> important<00:17:48.419> consideration 00:17:48.890 --> 00:17:48.900 align:start position:0% it is a really important consideration 00:17:48.900 --> 00:17:50.029 align:start position:0% it is a really important consideration right<00:17:49.080> especially<00:17:49.440> if<00:17:49.500> we<00:17:49.620> want<00:17:49.740> to<00:17:49.799> reach 00:17:50.029 --> 00:17:50.039 align:start position:0% right especially if we want to reach 00:17:50.039 --> 00:17:51.890 align:start position:0% right especially if we want to reach sort<00:17:50.280> of<00:17:50.340> critical<00:17:51.000> mass<00:17:51.179> if<00:17:51.419> we<00:17:51.600> want<00:17:51.660> to<00:17:51.780> do 00:17:51.890 --> 00:17:51.900 align:start position:0% sort of critical mass if we want to do 00:17:51.900 --> 00:17:53.690 align:start position:0% sort of critical mass if we want to do Integrations<00:17:52.440> with<00:17:52.740> wider<00:17:53.100> Partners<00:17:53.400> as<00:17:53.580> well 00:17:53.690 --> 00:17:53.700 align:start position:0% Integrations with wider Partners as well 00:17:53.700 --> 00:17:56.090 align:start position:0% Integrations with wider Partners as well thinking<00:17:54.059> about<00:17:54.179> how<00:17:54.419> we<00:17:54.600> do<00:17:54.780> that<00:17:55.100> definitely 00:17:56.090 --> 00:17:56.100 align:start position:0% thinking about how we do that definitely 00:17:56.100 --> 00:17:57.770 align:start position:0% thinking about how we do that definitely we'll<00:17:56.400> we'll<00:17:56.580> take<00:17:56.760> a<00:17:56.940> lot<00:17:57.000> of<00:17:57.179> thought<00:17:57.480> and 00:17:57.770 --> 00:17:57.780 align:start position:0% we'll we'll take a lot of thought and 00:17:57.780 --> 00:17:59.330 align:start position:0% we'll we'll take a lot of thought and and<00:17:57.960> you<00:17:58.320> know<00:17:58.380> having<00:17:58.559> even<00:17:58.860> sort<00:17:59.100> of<00:17:59.220> these 00:17:59.330 --> 00:17:59.340 align:start position:0% and you know having even sort of these 00:17:59.340 --> 00:18:01.669 align:start position:0% and you know having even sort of these spaces<00:17:59.760> for<00:18:00.059> all<00:18:00.539> of<00:18:00.660> us<00:18:00.720> to<00:18:00.900> say<00:18:01.020> hey<00:18:01.260> these 00:18:01.669 --> 00:18:01.679 align:start position:0% spaces for all of us to say hey these 00:18:01.679 --> 00:18:03.710 align:start position:0% spaces for all of us to say hey these are<00:18:01.799> the<00:18:01.860> benefits<00:18:02.280> of<00:18:02.520> defy<00:18:03.059> here<00:18:03.240> is<00:18:03.360> how<00:18:03.480> and 00:18:03.710 --> 00:18:03.720 align:start position:0% are the benefits of defy here is how and 00:18:03.720 --> 00:18:05.090 align:start position:0% are the benefits of defy here is how and I<00:18:03.780> think<00:18:03.900> being<00:18:04.020> able<00:18:04.260> to<00:18:04.380> align<00:18:04.799> with 00:18:05.090 --> 00:18:05.100 align:start position:0% I think being able to align with 00:18:05.100 --> 00:18:06.890 align:start position:0% I think being able to align with traditional<00:18:05.400> financial<00:18:05.580> institutions<00:18:06.240> and 00:18:06.890 --> 00:18:06.900 align:start position:0% traditional financial institutions and 00:18:06.900 --> 00:18:08.630 align:start position:0% traditional financial institutions and governments<00:18:07.380> and<00:18:07.440> Regulators<00:18:07.860> saying<00:18:08.280> listen 00:18:08.630 --> 00:18:08.640 align:start position:0% governments and Regulators saying listen 00:18:08.640 --> 00:18:10.010 align:start position:0% governments and Regulators saying listen these<00:18:09.179> are<00:18:09.240> the<00:18:09.360> these<00:18:09.660> are<00:18:09.720> the<00:18:09.780> benefits 00:18:10.010 --> 00:18:10.020 align:start position:0% these are the these are the benefits 00:18:10.020 --> 00:18:11.270 align:start position:0% these are the these are the benefits that<00:18:10.140> comes<00:18:10.380> to<00:18:10.500> I<00:18:10.679> think<00:18:10.740> oftentimes<00:18:11.100> there's 00:18:11.270 --> 00:18:11.280 align:start position:0% that comes to I think oftentimes there's 00:18:11.280 --> 00:18:12.710 align:start position:0% that comes to I think oftentimes there's obviously<00:18:11.580> this<00:18:11.760> very 00:18:12.710 --> 00:18:12.720 align:start position:0% obviously this very 00:18:12.720 --> 00:18:14.870 align:start position:0% obviously this very um oppositional<00:18:13.500> position<00:18:13.919> that<00:18:14.460> that<00:18:14.580> comes 00:18:14.870 --> 00:18:14.880 align:start position:0% um oppositional position that that comes 00:18:14.880 --> 00:18:17.810 align:start position:0% um oppositional position that that comes up<00:18:15.000> when<00:18:15.240> we<00:18:15.360> speak<00:18:15.600> about<00:18:15.780> defy<00:18:16.320> in<00:18:17.220> emerging 00:18:17.810 --> 00:18:17.820 align:start position:0% up when we speak about defy in emerging 00:18:17.820 --> 00:18:19.430 align:start position:0% up when we speak about defy in emerging markets<00:18:18.179> and<00:18:18.360> around<00:18:18.539> the<00:18:18.780> world<00:18:18.900> right<00:18:19.140> so 00:18:19.430 --> 00:18:19.440 align:start position:0% markets and around the world right so 00:18:19.440 --> 00:18:21.770 align:start position:0% markets and around the world right so and<00:18:19.740> we've<00:18:20.039> seen<00:18:20.280> the<00:18:20.460> likes<00:18:20.700> of<00:18:20.880> uniswap<00:18:21.600> with 00:18:21.770 --> 00:18:21.780 align:start position:0% and we've seen the likes of uniswap with 00:18:21.780 --> 00:18:24.710 align:start position:0% and we've seen the likes of uniswap with the<00:18:21.900> DFI<00:18:22.380> education<00:18:23.100> fund<00:18:23.460> as<00:18:23.700> well<00:18:23.880> really 00:18:24.710 --> 00:18:24.720 align:start position:0% the DFI education fund as well really 00:18:24.720 --> 00:18:27.830 align:start position:0% the DFI education fund as well really push<00:18:25.020> for<00:18:25.380> more<00:18:25.799> education<00:18:26.220> more<00:18:26.640> advocacy<00:18:27.240> at 00:18:27.830 --> 00:18:27.840 align:start position:0% push for more education more advocacy at 00:18:27.840 --> 00:18:29.150 align:start position:0% push for more education more advocacy at the<00:18:27.960> regulatory<00:18:28.380> level<00:18:28.559> which<00:18:28.799> is<00:18:28.860> obviously 00:18:29.150 --> 00:18:29.160 align:start position:0% the regulatory level which is obviously 00:18:29.160 --> 00:18:31.370 align:start position:0% the regulatory level which is obviously hugely<00:18:29.460> hugely<00:18:29.880> important<00:18:30.299> but 00:18:31.370 --> 00:18:31.380 align:start position:0% hugely hugely important but 00:18:31.380 --> 00:18:34.130 align:start position:0% hugely hugely important but switching<00:18:32.100> over<00:18:32.220> you<00:18:32.760> know<00:18:32.820> gears<00:18:33.720> a<00:18:33.900> little 00:18:34.130 --> 00:18:34.140 align:start position:0% switching over you know gears a little 00:18:34.140 --> 00:18:36.289 align:start position:0% switching over you know gears a little bit<00:18:34.320> uh<00:18:34.860> gaudia<00:18:35.340> I<00:18:35.640> think<00:18:35.760> one<00:18:35.880> of<00:18:36.059> the<00:18:36.120> really 00:18:36.289 --> 00:18:36.299 align:start position:0% bit uh gaudia I think one of the really 00:18:36.299 --> 00:18:38.090 align:start position:0% bit uh gaudia I think one of the really fascinating<00:18:36.660> things<00:18:36.900> and<00:18:37.260> Abby<00:18:37.620> was<00:18:37.860> touching 00:18:38.090 --> 00:18:38.100 align:start position:0% fascinating things and Abby was touching 00:18:38.100 --> 00:18:39.590 align:start position:0% fascinating things and Abby was touching on<00:18:38.220> this<00:18:38.400> too<00:18:38.580> was 00:18:39.590 --> 00:18:39.600 align:start position:0% on this too was 00:18:39.600 --> 00:18:42.409 align:start position:0% on this too was the<00:18:40.140> idea<00:18:40.380> that<00:18:40.740> what<00:18:41.700> you're<00:18:41.940> offering<00:18:42.240> I'll 00:18:42.409 --> 00:18:42.419 align:start position:0% the idea that what you're offering I'll 00:18:42.419 --> 00:18:44.029 align:start position:0% the idea that what you're offering I'll be<00:18:42.600> for<00:18:42.720> example<00:18:42.900> isn't<00:18:43.320> necessarily<00:18:43.740> new 00:18:44.029 --> 00:18:44.039 align:start position:0% be for example isn't necessarily new 00:18:44.039 --> 00:18:45.289 align:start position:0% be for example isn't necessarily new right 00:18:45.289 --> 00:18:45.299 align:start position:0% right 00:18:45.299 --> 00:18:46.789 align:start position:0% right um<00:18:45.360> and<00:18:45.600> and<00:18:45.780> being<00:18:46.080> able<00:18:46.260> to<00:18:46.320> Warehouse 00:18:46.789 --> 00:18:46.799 align:start position:0% um and and being able to Warehouse 00:18:46.799 --> 00:18:48.950 align:start position:0% um and and being able to Warehouse financing<00:18:47.340> isn't<00:18:48.000> a<00:18:48.179> particularly<00:18:48.720> new 00:18:48.950 --> 00:18:48.960 align:start position:0% financing isn't a particularly new 00:18:48.960 --> 00:18:50.810 align:start position:0% financing isn't a particularly new innovation<00:18:49.440> the<00:18:50.100> problem<00:18:50.280> is<00:18:50.460> that<00:18:50.640> the 00:18:50.810 --> 00:18:50.820 align:start position:0% innovation the problem is that the 00:18:50.820 --> 00:18:52.130 align:start position:0% innovation the problem is that the traditional<00:18:51.240> financial<00:18:51.419> institutions 00:18:52.130 --> 00:18:52.140 align:start position:0% traditional financial institutions 00:18:52.140 --> 00:18:54.169 align:start position:0% traditional financial institutions haven't<00:18:52.500> quite<00:18:52.799> been<00:18:52.980> serving<00:18:53.400> Last<00:18:53.940> Mile 00:18:54.169 --> 00:18:54.179 align:start position:0% haven't quite been serving Last Mile 00:18:54.179 --> 00:18:55.669 align:start position:0% haven't quite been serving Last Mile communities<00:18:54.720> because<00:18:54.960> there<00:18:55.260> isn't<00:18:55.500> enough 00:18:55.669 --> 00:18:55.679 align:start position:0% communities because there isn't enough 00:18:55.679 --> 00:18:58.190 align:start position:0% communities because there isn't enough value<00:18:56.100> for<00:18:56.760> them<00:18:56.880> to<00:18:57.179> engage<00:18:57.539> with<00:18:57.720> as<00:18:57.960> they<00:18:58.140> do 00:18:58.190 --> 00:18:58.200 align:start position:0% value for them to engage with as they do 00:18:58.200 --> 00:19:00.409 align:start position:0% value for them to engage with as they do these<00:18:58.440> things<00:18:58.559> so<00:18:58.919> gorilla<00:18:59.880> also<00:19:00.120> with<00:19:00.240> the 00:19:00.409 --> 00:19:00.419 align:start position:0% these things so gorilla also with the 00:19:00.419 --> 00:19:02.029 align:start position:0% these things so gorilla also with the tandas<00:19:00.840> you<00:19:01.440> know<00:19:01.500> there's<00:19:01.620> something<00:19:01.799> really 00:19:02.029 --> 00:19:02.039 align:start position:0% tandas you know there's something really 00:19:02.039 --> 00:19:03.470 align:start position:0% tandas you know there's something really interesting<00:19:02.340> there<00:19:02.520> as<00:19:02.700> well<00:19:02.820> where<00:19:03.120> as<00:19:03.360> you 00:19:03.470 --> 00:19:03.480 align:start position:0% interesting there as well where as you 00:19:03.480 --> 00:19:04.909 align:start position:0% interesting there as well where as you said<00:19:03.660> you<00:19:03.840> know<00:19:03.960> these<00:19:04.140> are<00:19:04.200> Traditions<00:19:04.679> that 00:19:04.909 --> 00:19:04.919 align:start position:0% said you know these are Traditions that 00:19:04.919 --> 00:19:06.890 align:start position:0% said you know these are Traditions that are<00:19:05.039> hundreds<00:19:05.520> of<00:19:05.640> years<00:19:05.760> old<00:19:06.000> so 00:19:06.890 --> 00:19:06.900 align:start position:0% are hundreds of years old so 00:19:06.900 --> 00:19:09.409 align:start position:0% are hundreds of years old so particularly<00:19:07.679> with<00:19:08.160> D5<00:19:08.580> like<00:19:08.820> what<00:19:09.000> is<00:19:09.299> it 00:19:09.409 --> 00:19:09.419 align:start position:0% particularly with D5 like what is it 00:19:09.419 --> 00:19:11.930 align:start position:0% particularly with D5 like what is it about<00:19:09.600> tandas<00:19:10.260> and<00:19:10.799> decentralized<00:19:11.460> finance 00:19:11.930 --> 00:19:11.940 align:start position:0% about tandas and decentralized finance 00:19:11.940 --> 00:19:14.270 align:start position:0% about tandas and decentralized finance that<00:19:12.539> unlocks<00:19:13.020> that<00:19:13.260> value<00:19:13.500> and<00:19:13.919> and<00:19:14.039> really 00:19:14.270 --> 00:19:14.280 align:start position:0% that unlocks that value and and really 00:19:14.280 --> 00:19:15.950 align:start position:0% that unlocks that value and and really enables<00:19:14.700> people<00:19:14.820> to<00:19:15.059> be<00:19:15.179> able<00:19:15.240> to<00:19:15.419> do<00:19:15.539> this<00:19:15.720> at 00:19:15.950 --> 00:19:15.960 align:start position:0% enables people to be able to do this at 00:19:15.960 --> 00:19:17.150 align:start position:0% enables people to be able to do this at scale 00:19:17.150 --> 00:19:17.160 align:start position:0% scale 00:19:17.160 --> 00:19:22.430 align:start position:0% scale yes<00:19:17.940> for<00:19:18.360> uh<00:19:19.020> so<00:19:19.740> people<00:19:19.980> were<00:19:20.940> people<00:19:21.299> we<00:19:22.200> like 00:19:22.430 --> 00:19:22.440 align:start position:0% yes for uh so people were people we like 00:19:22.440 --> 00:19:24.350 align:start position:0% yes for uh so people were people we like tradition<00:19:22.980> especially<00:19:23.640> in<00:19:23.820> markets<00:19:24.240> like 00:19:24.350 --> 00:19:24.360 align:start position:0% tradition especially in markets like 00:19:24.360 --> 00:19:28.070 align:start position:0% tradition especially in markets like Latin<00:19:24.780> America<00:19:25.280> uh<00:19:26.280> we<00:19:26.820> do<00:19:27.000> what<00:19:27.299> our<00:19:27.660> parents 00:19:28.070 --> 00:19:28.080 align:start position:0% Latin America uh we do what our parents 00:19:28.080 --> 00:19:31.010 align:start position:0% Latin America uh we do what our parents and<00:19:28.320> grandparents<00:19:28.980> did<00:19:29.280> because<00:19:29.940> it's<00:19:30.539> just 00:19:31.010 --> 00:19:31.020 align:start position:0% and grandparents did because it's just 00:19:31.020 --> 00:19:34.909 align:start position:0% and grandparents did because it's just how<00:19:31.799> we<00:19:31.980> are<00:19:32.100> we're<00:19:32.400> very<00:19:32.700> familiar<00:19:33.240> uh<00:19:34.380> let's 00:19:34.909 --> 00:19:34.919 align:start position:0% how we are we're very familiar uh let's 00:19:34.919 --> 00:19:35.810 align:start position:0% how we are we're very familiar uh let's say 00:19:35.810 --> 00:19:35.820 align:start position:0% say 00:19:35.820 --> 00:19:40.909 align:start position:0% say uh<00:19:36.600> community<00:19:37.160> so<00:19:38.160> uh<00:19:38.700> what<00:19:39.480> happens<00:19:39.660> if<00:19:40.500> you 00:19:40.909 --> 00:19:40.919 align:start position:0% uh community so uh what happens if you 00:19:40.919 --> 00:19:42.529 align:start position:0% uh community so uh what happens if you for<00:19:41.280> example 00:19:42.529 --> 00:19:42.539 align:start position:0% for example 00:19:42.539 --> 00:19:43.190 align:start position:0% for example um 00:19:43.190 --> 00:19:43.200 align:start position:0% um 00:19:43.200 --> 00:19:46.310 align:start position:0% um someone<00:19:43.880> tells<00:19:44.880> you<00:19:44.940> hey<00:19:45.299> getting<00:19:45.720> to<00:19:45.960> crypto 00:19:46.310 --> 00:19:46.320 align:start position:0% someone tells you hey getting to crypto 00:19:46.320 --> 00:19:48.710 align:start position:0% someone tells you hey getting to crypto because<00:19:46.559> you<00:19:46.919> can<00:19:47.039> pull<00:19:47.640> your<00:19:48.000> funds<00:19:48.360> and<00:19:48.600> then 00:19:48.710 --> 00:19:48.720 align:start position:0% because you can pull your funds and then 00:19:48.720 --> 00:19:50.870 align:start position:0% because you can pull your funds and then you<00:19:49.020> can<00:19:49.140> put<00:19:49.679> it<00:19:49.799> in<00:19:49.980> a<00:19:50.100> farm<00:19:50.280> and<00:19:50.580> then<00:19:50.700> you 00:19:50.870 --> 00:19:50.880 align:start position:0% you can put it in a farm and then you 00:19:50.880 --> 00:19:53.150 align:start position:0% you can put it in a farm and then you get<00:19:51.059> the<00:19:51.299> yield<00:19:51.600> and<00:19:52.260> then<00:19:52.380> you're<00:19:52.620> a<00:19:52.799> farmer 00:19:53.150 --> 00:19:53.160 align:start position:0% get the yield and then you're a farmer 00:19:53.160 --> 00:19:58.370 align:start position:0% get the yield and then you're a farmer and<00:19:53.520> it's<00:19:53.820> like<00:19:54.179> Paul<00:19:55.020> right<00:19:56.120> uh<00:19:57.120> till<00:19:57.480> this<00:19:57.780> to 00:19:58.370 --> 00:19:58.380 align:start position:0% and it's like Paul right uh till this to 00:19:58.380 --> 00:20:02.750 align:start position:0% and it's like Paul right uh till this to a<00:19:58.740> mom<00:19:58.919> who<00:19:59.880> lives<00:20:00.299> day<00:20:00.600> by<00:20:00.840> day<00:20:01.020> and<00:20:01.799> has<00:20:02.400> very 00:20:02.750 --> 00:20:02.760 align:start position:0% a mom who lives day by day and has very 00:20:02.760 --> 00:20:06.529 align:start position:0% a mom who lives day by day and has very few<00:20:03.059> to<00:20:03.660> actually<00:20:03.840> take<00:20:04.559> that<00:20:04.860> risk<00:20:05.160> right<00:20:05.700> so 00:20:06.529 --> 00:20:06.539 align:start position:0% few to actually take that risk right so 00:20:06.539 --> 00:20:10.490 align:start position:0% few to actually take that risk right so uh<00:20:07.260> what<00:20:08.039> happens<00:20:08.220> there<00:20:08.520> is<00:20:08.940> that<00:20:09.240> this<00:20:09.900> is<00:20:10.260> a 00:20:10.490 --> 00:20:10.500 align:start position:0% uh what happens there is that this is a 00:20:10.500 --> 00:20:13.310 align:start position:0% uh what happens there is that this is a way<00:20:10.620> to<00:20:10.919> get<00:20:11.160> them<00:20:11.400> with<00:20:11.880> a<00:20:12.059> known<00:20:12.299> thing<00:20:12.840> right 00:20:13.310 --> 00:20:13.320 align:start position:0% way to get them with a known thing right 00:20:13.320 --> 00:20:15.590 align:start position:0% way to get them with a known thing right they<00:20:13.980> also<00:20:14.280> say<00:20:14.520> big<00:20:14.820> circles<00:20:15.179> they<00:20:15.419> already 00:20:15.590 --> 00:20:15.600 align:start position:0% they also say big circles they already 00:20:15.600 --> 00:20:18.470 align:start position:0% they also say big circles they already have<00:20:15.900> been<00:20:16.140> in<00:20:16.320> many<00:20:16.559> of<00:20:16.799> these<00:20:17.160> many<00:20:17.520> times<00:20:17.820> so 00:20:18.470 --> 00:20:18.480 align:start position:0% have been in many of these many times so 00:20:18.480 --> 00:20:21.169 align:start position:0% have been in many of these many times so you<00:20:18.720> take<00:20:18.900> this<00:20:19.200> something<00:20:19.559> known<00:20:19.980> into<00:20:20.940> the 00:20:21.169 --> 00:20:21.179 align:start position:0% you take this something known into the 00:20:21.179 --> 00:20:23.450 align:start position:0% you take this something known into the blockchain<00:20:21.539> and<00:20:21.900> then<00:20:21.960> you<00:20:22.140> get<00:20:22.320> them<00:20:22.559> hey<00:20:22.980> you 00:20:23.450 --> 00:20:23.460 align:start position:0% blockchain and then you get them hey you 00:20:23.460 --> 00:20:26.270 align:start position:0% blockchain and then you get them hey you can<00:20:23.520> use<00:20:23.760> your<00:20:24.000> wallet<00:20:24.360> uh<00:20:25.260> you're<00:20:25.559> using<00:20:25.919> your 00:20:26.270 --> 00:20:26.280 align:start position:0% can use your wallet uh you're using your 00:20:26.280 --> 00:20:28.730 align:start position:0% can use your wallet uh you're using your saving<00:20:26.640> Circle<00:20:26.900> but<00:20:27.900> they<00:20:28.140> don't<00:20:28.559> know 00:20:28.730 --> 00:20:28.740 align:start position:0% saving Circle but they don't know 00:20:28.740 --> 00:20:31.010 align:start position:0% saving Circle but they don't know they're<00:20:28.980> using<00:20:29.280> adapt<00:20:29.760> So<00:20:30.179> eventually<00:20:30.600> they 00:20:31.010 --> 00:20:31.020 align:start position:0% they're using adapt So eventually they 00:20:31.020 --> 00:20:34.490 align:start position:0% they're using adapt So eventually they will<00:20:31.200> be<00:20:31.320> able<00:20:31.559> to<00:20:31.740> get<00:20:32.460> loans<00:20:32.880> to<00:20:33.480> stake<00:20:34.080> to 00:20:34.490 --> 00:20:34.500 align:start position:0% will be able to get loans to stake to 00:20:34.500 --> 00:20:36.830 align:start position:0% will be able to get loans to stake to eventually<00:20:34.860> get<00:20:35.160> into<00:20:35.280> a<00:20:35.580> pool<00:20:35.700> and<00:20:36.000> do<00:20:36.179> whole 00:20:36.830 --> 00:20:36.840 align:start position:0% eventually get into a pool and do whole 00:20:36.840 --> 00:20:39.529 align:start position:0% eventually get into a pool and do whole D5<00:20:37.380> things<00:20:37.679> right<00:20:37.980> then<00:20:38.340> they<00:20:38.700> can<00:20:38.940> that<00:20:39.360> can 00:20:39.529 --> 00:20:39.539 align:start position:0% D5 things right then they can that can 00:20:39.539 --> 00:20:42.289 align:start position:0% D5 things right then they can that can unlock<00:20:39.780> like<00:20:40.679> that<00:20:41.039> fear<00:20:41.460> of 00:20:42.289 --> 00:20:42.299 align:start position:0% unlock like that fear of 00:20:42.299 --> 00:20:45.770 align:start position:0% unlock like that fear of what's<00:20:43.260> this<00:20:43.620> right<00:20:44.039> the<00:20:44.460> yield<00:20:44.700> and<00:20:45.120> it's 00:20:45.770 --> 00:20:45.780 align:start position:0% what's this right the yield and it's 00:20:45.780 --> 00:20:47.390 align:start position:0% what's this right the yield and it's just<00:20:45.960> too<00:20:46.320> much<00:20:46.440> information<00:20:46.679> from<00:20:47.220> the 00:20:47.390 --> 00:20:47.400 align:start position:0% just too much information from the 00:20:47.400 --> 00:20:49.909 align:start position:0% just too much information from the beginning<00:20:47.580> so<00:20:48.240> these<00:20:48.600> tools<00:20:48.900> that<00:20:49.080> are<00:20:49.440> things 00:20:49.909 --> 00:20:49.919 align:start position:0% beginning so these tools that are things 00:20:49.919 --> 00:20:51.770 align:start position:0% beginning so these tools that are things that<00:20:50.340> have<00:20:50.820> already<00:20:50.940> been<00:20:51.179> happening<00:20:51.539> many 00:20:51.770 --> 00:20:51.780 align:start position:0% that have already been happening many 00:20:51.780 --> 00:20:55.010 align:start position:0% that have already been happening many years<00:20:52.020> uh<00:20:52.740> can<00:20:52.980> enable<00:20:53.280> this<00:20:53.760> to<00:20:54.000> go<00:20:54.299> to<00:20:54.720> an 00:20:55.010 --> 00:20:55.020 align:start position:0% years uh can enable this to go to an 00:20:55.020 --> 00:20:56.750 align:start position:0% years uh can enable this to go to an audience<00:20:55.320> that<00:20:55.679> may<00:20:55.980> not<00:20:56.160> be<00:20:56.460> that 00:20:56.750 --> 00:20:56.760 align:start position:0% audience that may not be that 00:20:56.760 --> 00:21:00.350 align:start position:0% audience that may not be that technologically<00:20:57.600> savvy<00:20:58.320> but<00:20:58.860> has<00:20:59.160> a<00:20:59.340> need<00:20:59.520> for 00:21:00.350 --> 00:21:00.360 align:start position:0% technologically savvy but has a need for 00:21:00.360 --> 00:21:02.210 align:start position:0% technologically savvy but has a need for these<00:21:00.720> Technologies<00:21:01.200> and<00:21:01.500> they<00:21:01.679> can<00:21:01.860> use<00:21:02.039> it 00:21:02.210 --> 00:21:02.220 align:start position:0% these Technologies and they can use it 00:21:02.220 --> 00:21:05.630 align:start position:0% these Technologies and they can use it for<00:21:02.700> something<00:21:03.480> very<00:21:03.900> tangible<00:21:04.380> just<00:21:05.280> like 00:21:05.630 --> 00:21:05.640 align:start position:0% for something very tangible just like 00:21:05.640 --> 00:21:09.230 align:start position:0% for something very tangible just like like<00:21:06.059> we<00:21:06.299> saw<00:21:06.419> with<00:21:06.780> Ubi<00:21:07.200> right<00:21:07.620> for<00:21:08.340> pay<00:21:09.000> for 00:21:09.230 --> 00:21:09.240 align:start position:0% like we saw with Ubi right for pay for 00:21:09.240 --> 00:21:11.330 align:start position:0% like we saw with Ubi right for pay for uniforms<00:21:09.780> for<00:21:10.020> school<00:21:10.320> or<00:21:10.799> for<00:21:10.980> a<00:21:11.220> medical 00:21:11.330 --> 00:21:11.340 align:start position:0% uniforms for school or for a medical 00:21:11.340 --> 00:21:13.610 align:start position:0% uniforms for school or for a medical emergency<00:21:11.640> or<00:21:12.059> something<00:21:12.480> that<00:21:13.260> could<00:21:13.440> really 00:21:13.610 --> 00:21:13.620 align:start position:0% emergency or something that could really 00:21:13.620 --> 00:21:17.150 align:start position:0% emergency or something that could really benefit<00:21:13.919> them<00:21:14.400> in<00:21:15.059> day<00:21:15.539> by<00:21:15.720> day<00:21:15.960> right<00:21:16.320> so 00:21:17.150 --> 00:21:17.160 align:start position:0% benefit them in day by day right so 00:21:17.160 --> 00:21:19.909 align:start position:0% benefit them in day by day right so that's<00:21:17.580> why<00:21:17.940> we<00:21:18.120> think<00:21:18.299> these<00:21:18.960> types<00:21:19.320> of<00:21:19.440> tools 00:21:19.909 --> 00:21:19.919 align:start position:0% that's why we think these types of tools 00:21:19.919 --> 00:21:22.850 align:start position:0% that's why we think these types of tools known<00:21:20.760> could<00:21:21.480> be<00:21:21.660> good<00:21:21.900> for<00:21:22.260> these<00:21:22.740> next 00:21:22.850 --> 00:21:22.860 align:start position:0% known could be good for these next 00:21:22.860 --> 00:21:26.270 align:start position:0% known could be good for these next billion<00:21:23.340> users<00:21:24.000> we're<00:21:24.419> looking<00:21:24.660> at<00:21:24.900> yeah 00:21:26.270 --> 00:21:26.280 align:start position:0% billion users we're looking at yeah 00:21:26.280 --> 00:21:29.270 align:start position:0% billion users we're looking at yeah um casing<00:21:26.820> point<00:21:27.000> in<00:21:27.539> Kenya<00:21:28.020> as<00:21:28.380> well<00:21:28.559> what 00:21:29.270 --> 00:21:29.280 align:start position:0% um casing point in Kenya as well what 00:21:29.280 --> 00:21:31.370 align:start position:0% um casing point in Kenya as well what what<00:21:29.520> or<00:21:29.880> in<00:21:30.240> Africa 00:21:31.370 --> 00:21:31.380 align:start position:0% what or in Africa 00:21:31.380 --> 00:21:35.510 align:start position:0% what or in Africa um<00:21:31.440> to<00:21:32.400> actually<00:21:33.020> have<00:21:34.020> a<00:21:34.440> farmer<00:21:34.919> operator 00:21:35.510 --> 00:21:35.520 align:start position:0% um to actually have a farmer operator 00:21:35.520 --> 00:21:38.210 align:start position:0% um to actually have a farmer operator wallet<00:21:36.120> and<00:21:36.780> they<00:21:36.960> can<00:21:37.080> deposit<00:21:37.500> and<00:21:37.620> withdraw 00:21:38.210 --> 00:21:38.220 align:start position:0% wallet and they can deposit and withdraw 00:21:38.220 --> 00:21:40.630 align:start position:0% wallet and they can deposit and withdraw its<00:21:38.700> yes<00:21:38.880> as<00:21:39.120> Gabriella<00:21:39.659> put<00:21:39.840> it 00:21:40.630 --> 00:21:40.640 align:start position:0% its yes as Gabriella put it 00:21:40.640 --> 00:21:44.570 align:start position:0% its yes as Gabriella put it it<00:21:41.640> may<00:21:41.760> not<00:21:41.880> it's<00:21:42.240> quite<00:21:42.900> hard<00:21:43.260> it's<00:21:43.620> not<00:21:43.980> it's 00:21:44.570 --> 00:21:44.580 align:start position:0% it may not it's quite hard it's not it's 00:21:44.580 --> 00:21:47.210 align:start position:0% it may not it's quite hard it's not it's a<00:21:44.760> it's<00:21:45.000> it<00:21:45.179> will<00:21:45.360> take<00:21:45.600> time<00:21:45.840> as<00:21:46.140> to<00:21:46.380> train<00:21:46.620> but 00:21:47.210 --> 00:21:47.220 align:start position:0% a it's it will take time as to train but 00:21:47.220 --> 00:21:49.970 align:start position:0% a it's it will take time as to train but we<00:21:47.460> see<00:21:47.700> an<00:21:48.000> additional<00:21:48.419> layer<00:21:48.840> of<00:21:49.320> we<00:21:49.620> see<00:21:49.799> a 00:21:49.970 --> 00:21:49.980 align:start position:0% we see an additional layer of we see a 00:21:49.980 --> 00:21:53.510 align:start position:0% we see an additional layer of we see a layer<00:21:50.280> of<00:21:50.880> um<00:21:50.940> we<00:21:51.480> call<00:21:51.780> it<00:21:51.900> custodians<00:21:52.620> so<00:21:53.220> for 00:21:53.510 --> 00:21:53.520 align:start position:0% layer of um we call it custodians so for 00:21:53.520 --> 00:21:56.750 align:start position:0% layer of um we call it custodians so for example<00:21:53.940> we<00:21:54.539> have<00:21:54.780> a<00:21:55.080> payment<00:21:55.559> Gateway<00:21:56.280> an 00:21:56.750 --> 00:21:56.760 align:start position:0% example we have a payment Gateway an 00:21:56.760 --> 00:21:59.210 align:start position:0% example we have a payment Gateway an on-ramp<00:21:57.299> of<00:21:57.419> ramp<00:21:57.720> called<00:21:58.020> kotanipe<00:21:58.919> we<00:21:59.100> have 00:21:59.210 --> 00:21:59.220 align:start position:0% on-ramp of ramp called kotanipe we have 00:21:59.220 --> 00:22:01.909 align:start position:0% on-ramp of ramp called kotanipe we have bitlipper<00:21:59.880> in<00:22:00.179> Kenya<00:22:00.480> doing<00:22:00.960> a<00:22:01.320> good<00:22:01.440> job<00:22:01.620> so 00:22:01.909 --> 00:22:01.919 align:start position:0% bitlipper in Kenya doing a good job so 00:22:01.919 --> 00:22:04.549 align:start position:0% bitlipper in Kenya doing a good job so what<00:22:02.100> they<00:22:02.280> do<00:22:02.520> they<00:22:03.179> they<00:22:03.480> store<00:22:03.840> the<00:22:04.200> keys 00:22:04.549 --> 00:22:04.559 align:start position:0% what they do they they store the keys 00:22:04.559 --> 00:22:07.970 align:start position:0% what they do they they store the keys for<00:22:05.400> for<00:22:05.760> the<00:22:06.299> farmer<00:22:06.659> and<00:22:07.320> now<00:22:07.559> translate 00:22:07.970 --> 00:22:07.980 align:start position:0% for for the farmer and now translate 00:22:07.980 --> 00:22:12.950 align:start position:0% for for the farmer and now translate each<00:22:08.640> wallet<00:22:09.240> into<00:22:10.400> a<00:22:11.400> ussd<00:22:12.059> based<00:22:12.480> wallet<00:22:12.780> so 00:22:12.950 --> 00:22:12.960 align:start position:0% each wallet into a ussd based wallet so 00:22:12.960 --> 00:22:15.590 align:start position:0% each wallet into a ussd based wallet so a<00:22:13.140> farmer<00:22:13.440> would<00:22:13.559> dial<00:22:13.799> style<00:22:14.159> 800<00:22:14.640> hash<00:22:15.000> the 00:22:15.590 --> 00:22:15.600 align:start position:0% a farmer would dial style 800 hash the 00:22:15.600 --> 00:22:18.289 align:start position:0% a farmer would dial style 800 hash the co<00:22:15.840> access<00:22:16.200> your<00:22:16.500> wallet<00:22:16.740> oh<00:22:16.980> yeah<00:22:17.700> withdraw 00:22:18.289 --> 00:22:18.299 align:start position:0% co access your wallet oh yeah withdraw 00:22:18.299 --> 00:22:19.970 align:start position:0% co access your wallet oh yeah withdraw to<00:22:18.419> m-pesa<00:22:18.960> because<00:22:19.200> the<00:22:19.320> m-pesa<00:22:19.740> is<00:22:19.860> their 00:22:19.970 --> 00:22:19.980 align:start position:0% to m-pesa because the m-pesa is their 00:22:19.980 --> 00:22:22.250 align:start position:0% to m-pesa because the m-pesa is their mobile<00:22:20.220> money<00:22:20.520> they<00:22:21.000> can<00:22:21.179> withdraw<00:22:21.659> but<00:22:22.020> you 00:22:22.250 --> 00:22:22.260 align:start position:0% mobile money they can withdraw but you 00:22:22.260 --> 00:22:24.350 align:start position:0% mobile money they can withdraw but you see<00:22:22.440> they<00:22:23.159> are<00:22:23.340> they<00:22:23.700> they<00:22:23.820> are<00:22:24.000> used<00:22:24.120> to<00:22:24.240> the 00:22:24.350 --> 00:22:24.360 align:start position:0% see they are they they are used to the 00:22:24.360 --> 00:22:27.110 align:start position:0% see they are they they are used to the ussd<00:22:24.900> they're<00:22:25.200> used<00:22:25.380> to<00:22:25.440> m-pesa<00:22:26.039> the<00:22:26.700> part<00:22:26.880> of 00:22:27.110 --> 00:22:27.120 align:start position:0% ussd they're used to m-pesa the part of 00:22:27.120 --> 00:22:29.630 align:start position:0% ussd they're used to m-pesa the part of wallet<00:22:27.539> connection<00:22:27.840> somebody<00:22:28.679> else<00:22:29.039> is<00:22:29.400> doing 00:22:29.630 --> 00:22:29.640 align:start position:0% wallet connection somebody else is doing 00:22:29.640 --> 00:22:32.270 align:start position:0% wallet connection somebody else is doing it<00:22:29.880> at<00:22:30.299> another<00:22:30.480> level<00:22:30.720> for<00:22:31.020> them<00:22:31.140> and<00:22:31.980> with 00:22:32.270 --> 00:22:32.280 align:start position:0% it at another level for them and with 00:22:32.280 --> 00:22:34.310 align:start position:0% it at another level for them and with time<00:22:32.520> as<00:22:32.760> we<00:22:32.940> get<00:22:33.120> more<00:22:33.299> adoption<00:22:33.780> of 00:22:34.310 --> 00:22:34.320 align:start position:0% time as we get more adoption of 00:22:34.320 --> 00:22:36.110 align:start position:0% time as we get more adoption of smartphones<00:22:34.919> because<00:22:35.159> also<00:22:35.580> smartphone<00:22:35.940> is 00:22:36.110 --> 00:22:36.120 align:start position:0% smartphones because also smartphone is 00:22:36.120 --> 00:22:39.230 align:start position:0% smartphones because also smartphone is an<00:22:36.299> issue<00:22:36.600> uh<00:22:37.500> we<00:22:37.740> have<00:22:37.919> like<00:22:38.280> a<00:22:38.580> third<00:22:38.820> of<00:22:39.059> the 00:22:39.230 --> 00:22:39.240 align:start position:0% an issue uh we have like a third of the 00:22:39.240 --> 00:22:43.549 align:start position:0% an issue uh we have like a third of the people<00:22:39.679> uh<00:22:40.679> have<00:22:40.980> smartphones<00:22:41.520> or<00:22:41.820> 2<00:22:42.440> that<00:22:43.440> is 00:22:43.549 --> 00:22:43.559 align:start position:0% people uh have smartphones or 2 that is 00:22:43.559 --> 00:22:45.470 align:start position:0% people uh have smartphones or 2 that is the<00:22:43.679> one<00:22:43.799> that<00:22:43.980> still<00:22:44.760> has<00:22:44.940> the<00:22:45.179> feature 00:22:45.470 --> 00:22:45.480 align:start position:0% the one that still has the feature 00:22:45.480 --> 00:22:47.930 align:start position:0% the one that still has the feature phones<00:22:45.780> the<00:22:45.900> button<00:22:46.140> ones<00:22:46.440> so<00:22:47.220> once<00:22:47.640> we<00:22:47.760> see 00:22:47.930 --> 00:22:47.940 align:start position:0% phones the button ones so once we see 00:22:47.940 --> 00:22:50.270 align:start position:0% phones the button ones so once we see more<00:22:48.360> of<00:22:48.780> smartphones<00:22:49.200> coming<00:22:49.559> in<00:22:49.799> then<00:22:50.039> we 00:22:50.270 --> 00:22:50.280 align:start position:0% more of smartphones coming in then we 00:22:50.280 --> 00:22:51.890 align:start position:0% more of smartphones coming in then we feel<00:22:50.460> more<00:22:50.880> people<00:22:51.059> will<00:22:51.240> be<00:22:51.360> able<00:22:51.539> to<00:22:51.600> control 00:22:51.890 --> 00:22:51.900 align:start position:0% feel more people will be able to control 00:22:51.900 --> 00:22:55.430 align:start position:0% feel more people will be able to control the<00:22:52.500> the<00:22:53.039> defy<00:22:53.520> Wallets<00:22:53.880> on<00:22:54.059> themselves<00:22:54.480> and 00:22:55.430 --> 00:22:55.440 align:start position:0% the the defy Wallets on themselves and 00:22:55.440 --> 00:22:58.310 align:start position:0% the the defy Wallets on themselves and uh<00:22:55.799> yeah<00:22:56.039> and<00:22:56.400> also<00:22:56.700> we<00:22:57.000> other<00:22:57.720> strategies 00:22:58.310 --> 00:22:58.320 align:start position:0% uh yeah and also we other strategies 00:22:58.320 --> 00:23:00.770 align:start position:0% uh yeah and also we other strategies that<00:22:58.679> we<00:22:58.799> are<00:22:58.980> introducing<00:22:59.640> uh<00:23:00.539> the 00:23:00.770 --> 00:23:00.780 align:start position:0% that we are introducing uh the 00:23:00.780 --> 00:23:02.450 align:start position:0% that we are introducing uh the government<00:23:00.900> is<00:23:01.260> really<00:23:01.500> keen<00:23:01.799> on<00:23:02.159> Capital 00:23:02.450 --> 00:23:02.460 align:start position:0% government is really keen on Capital 00:23:02.460 --> 00:23:05.810 align:start position:0% government is really keen on Capital flight<00:23:02.940> so<00:23:03.659> on<00:23:03.900> ramp<00:23:04.260> you're<00:23:04.559> changing<00:23:05.100> your 00:23:05.810 --> 00:23:05.820 align:start position:0% flight so on ramp you're changing your 00:23:05.820 --> 00:23:09.770 align:start position:0% flight so on ramp you're changing your local<00:23:06.120> currency<00:23:06.539> to<00:23:07.020> a<00:23:07.620> usdc<00:23:08.580> for<00:23:08.880> example<00:23:09.120> so 00:23:09.770 --> 00:23:09.780 align:start position:0% local currency to a usdc for example so 00:23:09.780 --> 00:23:12.830 align:start position:0% local currency to a usdc for example so if<00:23:10.320> you<00:23:10.740> you<00:23:10.919> we<00:23:11.520> start<00:23:11.700> with<00:23:12.059> projects<00:23:12.659> that 00:23:12.830 --> 00:23:12.840 align:start position:0% if you you we start with projects that 00:23:12.840 --> 00:23:14.990 align:start position:0% if you you we start with projects that bring<00:23:13.140> in<00:23:13.320> money<00:23:14.039> into<00:23:14.280> the<00:23:14.460> country<00:23:14.640> for 00:23:14.990 --> 00:23:15.000 align:start position:0% bring in money into the country for 00:23:15.000 --> 00:23:16.730 align:start position:0% bring in money into the country for example<00:23:15.240> there's<00:23:15.720> Diva<00:23:16.200> protocol<00:23:16.500> and 00:23:16.730 --> 00:23:16.740 align:start position:0% example there's Diva protocol and 00:23:16.740 --> 00:23:19.490 align:start position:0% example there's Diva protocol and Fortune<00:23:17.159> connect<00:23:17.280> we<00:23:18.240> tapping<00:23:19.140> donations 00:23:19.490 --> 00:23:19.500 align:start position:0% Fortune connect we tapping donations 00:23:19.500 --> 00:23:22.310 align:start position:0% Fortune connect we tapping donations globally<00:23:20.220> and<00:23:20.600> reaching<00:23:21.600> and<00:23:21.840> pushing 00:23:22.310 --> 00:23:22.320 align:start position:0% globally and reaching and pushing 00:23:22.320 --> 00:23:25.909 align:start position:0% globally and reaching and pushing through<00:23:22.679> like<00:23:23.159> uh<00:23:23.460> this<00:23:23.880> off-ramp<00:23:24.600> to<00:23:25.380> to<00:23:25.679> the 00:23:25.909 --> 00:23:25.919 align:start position:0% through like uh this off-ramp to to the 00:23:25.919 --> 00:23:27.970 align:start position:0% through like uh this off-ramp to to the farmer<00:23:26.220> so<00:23:26.400> the<00:23:26.460> farmer<00:23:26.760> is<00:23:26.880> able<00:23:27.059> to<00:23:27.179> access 00:23:27.970 --> 00:23:27.980 align:start position:0% farmer so the farmer is able to access 00:23:27.980 --> 00:23:31.190 align:start position:0% farmer so the farmer is able to access uh<00:23:28.980> ussd<00:23:29.640> and<00:23:29.940> withdraw<00:23:30.419> for<00:23:30.840> example<00:23:31.020> a 00:23:31.190 --> 00:23:31.200 align:start position:0% uh ussd and withdraw for example a 00:23:31.200 --> 00:23:34.669 align:start position:0% uh ussd and withdraw for example a donation<00:23:31.559> but<00:23:32.159> then<00:23:32.400> this<00:23:33.780> has<00:23:34.320> started 00:23:34.669 --> 00:23:34.679 align:start position:0% donation but then this has started 00:23:34.679 --> 00:23:36.470 align:start position:0% donation but then this has started introducing<00:23:35.159> them<00:23:35.280> to<00:23:35.460> differ<00:23:35.640> so<00:23:36.179> they'll 00:23:36.470 --> 00:23:36.480 align:start position:0% introducing them to differ so they'll 00:23:36.480 --> 00:23:38.330 align:start position:0% introducing them to differ so they'll see<00:23:36.659> oh<00:23:36.780> with<00:23:37.080> time<00:23:37.320> so<00:23:37.559> this<00:23:37.740> money<00:23:37.980> was 00:23:38.330 --> 00:23:38.340 align:start position:0% see oh with time so this money was 00:23:38.340 --> 00:23:41.570 align:start position:0% see oh with time so this money was crypto<00:23:38.880> now<00:23:39.659> I<00:23:39.780> have<00:23:39.900> converted<00:23:40.440> it<00:23:40.620> to<00:23:41.100> my 00:23:41.570 --> 00:23:41.580 align:start position:0% crypto now I have converted it to my 00:23:41.580 --> 00:23:44.750 align:start position:0% crypto now I have converted it to my local<00:23:41.700> currency<00:23:42.120> ah<00:23:42.600> so<00:23:43.320> we<00:23:43.740> can<00:23:43.919> slowly<00:23:44.520> move 00:23:44.750 --> 00:23:44.760 align:start position:0% local currency ah so we can slowly move 00:23:44.760 --> 00:23:47.630 align:start position:0% local currency ah so we can slowly move down<00:23:45.059> from<00:23:45.720> the<00:23:45.960> custodians<00:23:46.559> of<00:23:46.679> keys<00:23:47.100> to 00:23:47.630 --> 00:23:47.640 align:start position:0% down from the custodians of keys to 00:23:47.640 --> 00:23:50.450 align:start position:0% down from the custodians of keys to actually<00:23:47.880> having<00:23:48.240> them<00:23:48.600> be<00:23:49.380> the<00:23:49.919> holders<00:23:50.340> of 00:23:50.450 --> 00:23:50.460 align:start position:0% actually having them be the holders of 00:23:50.460 --> 00:23:52.610 align:start position:0% actually having them be the holders of their<00:23:50.580> own<00:23:50.700> keys<00:23:51.059> with<00:23:51.240> time<00:23:51.419> yeah 00:23:52.610 --> 00:23:52.620 align:start position:0% their own keys with time yeah 00:23:52.620 --> 00:23:54.770 align:start position:0% their own keys with time yeah yeah I<00:23:53.159> think<00:23:53.460> so<00:23:53.700> the<00:23:53.820> work<00:23:53.940> acre<00:23:54.299> Africa<00:23:54.659> by 00:23:54.770 --> 00:23:54.780 align:start position:0% yeah I think so the work acre Africa by 00:23:54.780 --> 00:23:56.510 align:start position:0% yeah I think so the work acre Africa by is<00:23:55.080> doing<00:23:55.200> by<00:23:55.380> the<00:23:55.500> way<00:23:55.500> is<00:23:55.679> super<00:23:56.100> fascinating 00:23:56.510 --> 00:23:56.520 align:start position:0% is doing by the way is super fascinating 00:23:56.520 --> 00:23:57.649 align:start position:0% is doing by the way is super fascinating right<00:23:56.760> so<00:23:56.880> they're<00:23:57.059> essentially<00:23:57.299> enabled 00:23:57.649 --> 00:23:57.659 align:start position:0% right so they're essentially enabled 00:23:57.659 --> 00:23:59.750 align:start position:0% right so they're essentially enabled like<00:23:57.960> just<00:23:58.200> when<00:23:58.980> I<00:23:59.100> when<00:23:59.280> I<00:23:59.400> learned<00:23:59.640> about 00:23:59.750 --> 00:23:59.760 align:start position:0% like just when I when I learned about 00:23:59.760 --> 00:24:01.130 align:start position:0% like just when I when I learned about your<00:23:59.940> project<00:24:00.120> I<00:24:00.360> was<00:24:00.480> super<00:24:00.600> blown<00:24:00.960> away 00:24:01.130 --> 00:24:01.140 align:start position:0% your project I was super blown away 00:24:01.140 --> 00:24:02.750 align:start position:0% your project I was super blown away right<00:24:01.440> the<00:24:01.620> fact<00:24:01.799> that<00:24:01.919> you<00:24:02.159> can<00:24:02.280> essentially 00:24:02.750 --> 00:24:02.760 align:start position:0% right the fact that you can essentially 00:24:02.760 --> 00:24:04.130 align:start position:0% right the fact that you can essentially sort<00:24:03.000> of<00:24:03.120> execute<00:24:03.480> these<00:24:03.659> transactions 00:24:04.130 --> 00:24:04.140 align:start position:0% sort of execute these transactions 00:24:04.140 --> 00:24:06.950 align:start position:0% sort of execute these transactions utilizing<00:24:04.880> ussd<00:24:05.880> and<00:24:06.419> integrate<00:24:06.720> that<00:24:06.840> with 00:24:06.950 --> 00:24:06.960 align:start position:0% utilizing ussd and integrate that with 00:24:06.960 --> 00:24:08.630 align:start position:0% utilizing ussd and integrate that with m-pesa<00:24:07.500> just<00:24:07.740> speak<00:24:07.860> so<00:24:08.100> much<00:24:08.220> to<00:24:08.400> the 00:24:08.630 --> 00:24:08.640 align:start position:0% m-pesa just speak so much to the 00:24:08.640 --> 00:24:10.610 align:start position:0% m-pesa just speak so much to the composability<00:24:09.240> of<00:24:09.960> these<00:24:10.260> different<00:24:10.380> sort<00:24:10.559> of 00:24:10.610 --> 00:24:10.620 align:start position:0% composability of these different sort of 00:24:10.620 --> 00:24:12.770 align:start position:0% composability of these different sort of building<00:24:10.740> blocks<00:24:11.159> and<00:24:11.280> Legos<00:24:11.700> but<00:24:12.360> I'd<00:24:12.600> love 00:24:12.770 --> 00:24:12.780 align:start position:0% building blocks and Legos but I'd love 00:24:12.780 --> 00:24:14.090 align:start position:0% building blocks and Legos but I'd love to<00:24:12.900> and<00:24:13.140> and<00:24:13.260> you<00:24:13.500> mentioned<00:24:13.679> as<00:24:13.799> well<00:24:13.919> like 00:24:14.090 --> 00:24:14.100 align:start position:0% to and and you mentioned as well like 00:24:14.100 --> 00:24:15.529 align:start position:0% to and and you mentioned as well like mobile<00:24:14.340> phones<00:24:14.760> right<00:24:14.940> we've<00:24:15.179> seen<00:24:15.299> an 00:24:15.529 --> 00:24:15.539 align:start position:0% mobile phones right we've seen an 00:24:15.539 --> 00:24:17.149 align:start position:0% mobile phones right we've seen an increase<00:24:15.840> in<00:24:16.140> in<00:24:16.380> traction<00:24:16.679> with<00:24:16.980> mobile 00:24:17.149 --> 00:24:17.159 align:start position:0% increase in in traction with mobile 00:24:17.159 --> 00:24:19.250 align:start position:0% increase in in traction with mobile phone<00:24:17.460> use<00:24:17.700> as<00:24:18.120> well<00:24:18.299> and<00:24:18.600> when<00:24:18.900> it<00:24:19.020> comes<00:24:19.140> to 00:24:19.250 --> 00:24:19.260 align:start position:0% phone use as well and when it comes to 00:24:19.260 --> 00:24:21.289 align:start position:0% phone use as well and when it comes to crypto<00:24:19.559> we're<00:24:19.740> still<00:24:19.919> super<00:24:20.100> far<00:24:20.340> off 00:24:21.289 --> 00:24:21.299 align:start position:0% crypto we're still super far off 00:24:21.299 --> 00:24:23.149 align:start position:0% crypto we're still super far off um<00:24:21.419> you<00:24:21.600> know<00:24:21.659> I<00:24:21.780> tried<00:24:22.020> editing<00:24:22.500> an<00:24:22.799> ens 00:24:23.149 --> 00:24:23.159 align:start position:0% um you know I tried editing an ens 00:24:23.159 --> 00:24:24.470 align:start position:0% um you know I tried editing an ens record<00:24:23.340> today<00:24:23.580> on<00:24:23.760> my<00:24:23.880> cell<00:24:24.000> phone<00:24:24.120> on<00:24:24.360> my 00:24:24.470 --> 00:24:24.480 align:start position:0% record today on my cell phone on my 00:24:24.480 --> 00:24:27.230 align:start position:0% record today on my cell phone on my metamask<00:24:24.840> it<00:24:25.080> was<00:24:25.200> like<00:24:25.440> such<00:24:25.919> a<00:24:26.340> pain 00:24:27.230 --> 00:24:27.240 align:start position:0% metamask it was like such a pain 00:24:27.240 --> 00:24:29.210 align:start position:0% metamask it was like such a pain um<00:24:27.360> and<00:24:27.600> and<00:24:27.720> so<00:24:28.080> mobile<00:24:28.260> phone<00:24:28.559> sort<00:24:29.159> of 00:24:29.210 --> 00:24:29.220 align:start position:0% um and and so mobile phone sort of 00:24:29.220 --> 00:24:30.830 align:start position:0% um and and so mobile phone sort of integration<00:24:29.640> with<00:24:29.880> wallets<00:24:30.240> and<00:24:30.539> generally 00:24:30.830 --> 00:24:30.840 align:start position:0% integration with wallets and generally 00:24:30.840 --> 00:24:33.169 align:start position:0% integration with wallets and generally just<00:24:31.080> like<00:24:31.200> crypto<00:24:31.620> is<00:24:31.860> still<00:24:32.220> really<00:24:32.820> far<00:24:33.000> off 00:24:33.169 --> 00:24:33.179 align:start position:0% just like crypto is still really far off 00:24:33.179 --> 00:24:35.090 align:start position:0% just like crypto is still really far off and<00:24:33.539> I<00:24:33.659> think<00:24:33.780> that<00:24:34.020> is<00:24:34.200> a<00:24:34.440> huge<00:24:34.620> huge<00:24:34.860> unlock 00:24:35.090 --> 00:24:35.100 align:start position:0% and I think that is a huge huge unlock 00:24:35.100 --> 00:24:37.490 align:start position:0% and I think that is a huge huge unlock for<00:24:35.760> you<00:24:36.179> know<00:24:36.299> there<00:24:36.480> are<00:24:36.659> more<00:24:36.840> cell<00:24:37.200> phones 00:24:37.490 --> 00:24:37.500 align:start position:0% for you know there are more cell phones 00:24:37.500 --> 00:24:40.130 align:start position:0% for you know there are more cell phones in<00:24:37.799> Colombia<00:24:38.220> than<00:24:38.820> there<00:24:39.059> are<00:24:39.179> people<00:24:39.480> right 00:24:40.130 --> 00:24:40.140 align:start position:0% in Colombia than there are people right 00:24:40.140 --> 00:24:42.049 align:start position:0% in Colombia than there are people right so<00:24:40.500> when<00:24:40.740> you<00:24:40.860> think<00:24:40.980> about<00:24:41.159> what<00:24:41.580> that<00:24:41.760> means 00:24:42.049 --> 00:24:42.059 align:start position:0% so when you think about what that means 00:24:42.059 --> 00:24:43.850 align:start position:0% so when you think about what that means for<00:24:42.480> the<00:24:42.840> development<00:24:43.140> of<00:24:43.320> a<00:24:43.500> technology 00:24:43.850 --> 00:24:43.860 align:start position:0% for the development of a technology 00:24:43.860 --> 00:24:46.010 align:start position:0% for the development of a technology that's<00:24:44.520> really<00:24:44.700> powerful<00:24:45.059> so<00:24:45.480> the<00:24:45.840> question 00:24:46.010 --> 00:24:46.020 align:start position:0% that's really powerful so the question 00:24:46.020 --> 00:24:48.529 align:start position:0% that's really powerful so the question is<00:24:46.320> you<00:24:47.220> know<00:24:47.280> and<00:24:47.760> maybe<00:24:48.059> starting<00:24:48.240> with<00:24:48.419> you 00:24:48.529 --> 00:24:48.539 align:start position:0% is you know and maybe starting with you 00:24:48.539 --> 00:24:50.750 align:start position:0% is you know and maybe starting with you Benson<00:24:48.960> what<00:24:49.740> are<00:24:49.860> you<00:24:49.980> what<00:24:50.220> do<00:24:50.340> you<00:24:50.400> feel<00:24:50.580> are 00:24:50.750 --> 00:24:50.760 align:start position:0% Benson what are you what do you feel are 00:24:50.760 --> 00:24:52.570 align:start position:0% Benson what are you what do you feel are really<00:24:51.000> the<00:24:51.179> sort<00:24:51.419> of<00:24:51.539> at<00:24:51.780> the<00:24:51.960> use<00:24:52.080> end<00:24:52.320> user 00:24:52.570 --> 00:24:52.580 align:start position:0% really the sort of at the use end user 00:24:52.580 --> 00:24:55.130 align:start position:0% really the sort of at the use end user experience<00:24:53.580> perspective<00:24:54.120> what<00:24:54.780> are<00:24:54.900> the<00:24:55.020> big 00:24:55.130 --> 00:24:55.140 align:start position:0% experience perspective what are the big 00:24:55.140 --> 00:24:57.110 align:start position:0% experience perspective what are the big unlocks<00:24:55.620> that<00:24:55.799> are<00:24:55.919> missing<00:24:56.159> for<00:24:56.340> D5<00:24:56.700> here<00:24:56.940> you 00:24:57.110 --> 00:24:57.120 align:start position:0% unlocks that are missing for D5 here you 00:24:57.120 --> 00:24:58.190 align:start position:0% unlocks that are missing for D5 here you know<00:24:57.240> I'm<00:24:57.240> sure<00:24:57.360> we've<00:24:57.539> got<00:24:57.600> a<00:24:57.720> room<00:24:57.840> here<00:24:57.960> full 00:24:58.190 --> 00:24:58.200 align:start position:0% know I'm sure we've got a room here full 00:24:58.200 --> 00:24:59.930 align:start position:0% know I'm sure we've got a room here full of<00:24:58.320> people<00:24:58.500> that<00:24:58.799> are<00:24:58.980> really<00:24:59.340> Keen<00:24:59.640> to<00:24:59.820> get 00:24:59.930 --> 00:24:59.940 align:start position:0% of people that are really Keen to get 00:24:59.940 --> 00:25:01.610 align:start position:0% of people that are really Keen to get building<00:25:00.179> and<00:25:00.539> are<00:25:00.840> already<00:25:01.020> exploring<00:25:01.440> sort 00:25:01.610 --> 00:25:01.620 align:start position:0% building and are already exploring sort 00:25:01.620 --> 00:25:03.529 align:start position:0% building and are already exploring sort of<00:25:01.740> problem<00:25:01.860> spaces<00:25:02.400> and<00:25:02.520> solutions<00:25:02.820> so<00:25:03.240> maybe 00:25:03.529 --> 00:25:03.539 align:start position:0% of problem spaces and solutions so maybe 00:25:03.539 --> 00:25:05.029 align:start position:0% of problem spaces and solutions so maybe we<00:25:03.720> can<00:25:03.900> touch<00:25:04.020> a<00:25:04.260> little<00:25:04.380> bit<00:25:04.500> on<00:25:04.740> the<00:25:04.860> current 00:25:05.029 --> 00:25:05.039 align:start position:0% we can touch a little bit on the current 00:25:05.039 --> 00:25:08.390 align:start position:0% we can touch a little bit on the current sort<00:25:05.400> of<00:25:05.520> end<00:25:05.760> user<00:25:06.240> challenges<00:25:07.140> and<00:25:07.980> what<00:25:08.220> you 00:25:08.390 --> 00:25:08.400 align:start position:0% sort of end user challenges and what you 00:25:08.400 --> 00:25:09.890 align:start position:0% sort of end user challenges and what you believe<00:25:08.580> are<00:25:08.880> really<00:25:09.059> the<00:25:09.240> the<00:25:09.419> underlying 00:25:09.890 --> 00:25:09.900 align:start position:0% believe are really the the underlying 00:25:09.900 --> 00:25:11.390 align:start position:0% believe are really the the underlying underlock<00:25:10.260> so<00:25:10.500> maybe<00:25:10.679> we<00:25:10.799> can<00:25:10.919> work<00:25:11.039> work<00:25:11.220> our 00:25:11.390 --> 00:25:11.400 align:start position:0% underlock so maybe we can work work our 00:25:11.400 --> 00:25:13.070 align:start position:0% underlock so maybe we can work work our way<00:25:11.520> backwards<00:25:11.940> here<00:25:12.120> to<00:25:12.360> get<00:25:12.659> each<00:25:12.840> of<00:25:12.960> your 00:25:13.070 --> 00:25:13.080 align:start position:0% way backwards here to get each of your 00:25:13.080 --> 00:25:15.110 align:start position:0% way backwards here to get each of your your<00:25:13.260> thoughts<00:25:13.620> on<00:25:13.679> on<00:25:13.860> those<00:25:14.039> aspects<00:25:14.520> thank 00:25:15.110 --> 00:25:15.120 align:start position:0% your thoughts on on those aspects thank 00:25:15.120 --> 00:25:17.870 align:start position:0% your thoughts on on those aspects thank you<00:25:15.299> thank<00:25:15.539> you<00:25:15.659> uh<00:25:16.320> Marcus<00:25:16.679> so<00:25:17.340> the<00:25:17.760> biggest 00:25:17.870 --> 00:25:17.880 align:start position:0% you thank you uh Marcus so the biggest 00:25:17.880 --> 00:25:20.510 align:start position:0% you thank you uh Marcus so the biggest two<00:25:18.419> challenges<00:25:18.840> that<00:25:19.080> we<00:25:19.260> see<00:25:19.440> is<00:25:20.039> capacity 00:25:20.510 --> 00:25:20.520 align:start position:0% two challenges that we see is capacity 00:25:20.520 --> 00:25:22.549 align:start position:0% two challenges that we see is capacity building<00:25:20.760> for<00:25:21.419> them<00:25:21.600> to<00:25:21.780> understand<00:25:21.960> that 00:25:22.549 --> 00:25:22.559 align:start position:0% building for them to understand that 00:25:22.559 --> 00:25:24.730 align:start position:0% building for them to understand that this<00:25:22.740> is<00:25:22.919> as<00:25:23.159> good<00:25:23.340> as<00:25:23.520> mpesa<00:25:24.179> it's<00:25:24.419> just 00:25:24.730 --> 00:25:24.740 align:start position:0% this is as good as mpesa it's just 00:25:24.740 --> 00:25:27.289 align:start position:0% this is as good as mpesa it's just crypto<00:25:25.740> how<00:25:26.340> do<00:25:26.460> you<00:25:26.580> make<00:25:26.820> them<00:25:27.059> understand 00:25:27.289 --> 00:25:27.299 align:start position:0% crypto how do you make them understand 00:25:27.299 --> 00:25:31.610 align:start position:0% crypto how do you make them understand that<00:25:27.779> it's<00:25:28.140> not<00:25:28.500> uh<00:25:28.980> fraud<00:25:29.700> because<00:25:30.299> then<00:25:30.720> that 00:25:31.610 --> 00:25:31.620 align:start position:0% that it's not uh fraud because then that 00:25:31.620 --> 00:25:33.470 align:start position:0% that it's not uh fraud because then that comes<00:25:31.860> to<00:25:31.919> my<00:25:32.039> second<00:25:32.220> point<00:25:32.520> we<00:25:33.059> need<00:25:33.240> to<00:25:33.360> deal 00:25:33.470 --> 00:25:33.480 align:start position:0% comes to my second point we need to deal 00:25:33.480 --> 00:25:36.529 align:start position:0% comes to my second point we need to deal with<00:25:33.720> the<00:25:33.900> trust<00:25:34.460> if<00:25:35.460> we<00:25:35.580> deal<00:25:35.760> with<00:25:36.000> them 00:25:36.529 --> 00:25:36.539 align:start position:0% with the trust if we deal with them 00:25:36.539 --> 00:25:38.750 align:start position:0% with the trust if we deal with them knowing<00:25:36.840> how<00:25:37.080> to<00:25:37.200> work<00:25:37.440> with<00:25:37.679> it<00:25:37.860> then 00:25:38.750 --> 00:25:38.760 align:start position:0% knowing how to work with it then 00:25:38.760 --> 00:25:41.510 align:start position:0% knowing how to work with it then bringing<00:25:39.419> tools<00:25:40.080> introducing<00:25:41.039> slowly 00:25:41.510 --> 00:25:41.520 align:start position:0% bringing tools introducing slowly 00:25:41.520 --> 00:25:44.330 align:start position:0% bringing tools introducing slowly building<00:25:41.760> on<00:25:42.240> the<00:25:42.360> blocks<00:25:42.779> uh<00:25:43.500> yeah<00:25:43.620> off-ramp 00:25:44.330 --> 00:25:44.340 align:start position:0% building on the blocks uh yeah off-ramp 00:25:44.340 --> 00:25:47.090 align:start position:0% building on the blocks uh yeah off-ramp solution<00:25:44.940> connect<00:25:45.720> to<00:25:46.080> m-pesa<00:25:46.679> then<00:25:46.860> with 00:25:47.090 --> 00:25:47.100 align:start position:0% solution connect to m-pesa then with 00:25:47.100 --> 00:25:49.970 align:start position:0% solution connect to m-pesa then with time<00:25:47.340> you<00:25:47.580> can<00:25:47.760> go<00:25:47.940> directly<00:25:48.360> to<00:25:48.900> the<00:25:49.140> off-ramp 00:25:49.970 --> 00:25:49.980 align:start position:0% time you can go directly to the off-ramp 00:25:49.980 --> 00:25:52.310 align:start position:0% time you can go directly to the off-ramp so<00:25:50.220> uh<00:25:50.820> directly<00:25:51.240> they<00:25:51.600> can<00:25:51.779> now<00:25:51.960> directly 00:25:52.310 --> 00:25:52.320 align:start position:0% so uh directly they can now directly 00:25:52.320 --> 00:25:54.110 align:start position:0% so uh directly they can now directly train<00:25:52.500> trade<00:25:53.039> they<00:25:53.400> don't<00:25:53.580> have<00:25:53.760> to<00:25:53.940> really 00:25:54.110 --> 00:25:54.120 align:start position:0% train trade they don't have to really 00:25:54.120 --> 00:25:56.269 align:start position:0% train trade they don't have to really withdraw<00:25:54.960> because<00:25:55.320> you'd<00:25:55.620> ask<00:25:55.799> a<00:25:55.980> farmer 00:25:56.269 --> 00:25:56.279 align:start position:0% withdraw because you'd ask a farmer 00:25:56.279 --> 00:25:58.730 align:start position:0% withdraw because you'd ask a farmer what's<00:25:56.460> your<00:25:56.700> incentive<00:25:57.179> you<00:25:57.840> have<00:25:58.020> been<00:25:58.500> re 00:25:58.730 --> 00:25:58.740 align:start position:0% what's your incentive you have been re 00:25:58.740 --> 00:26:03.049 align:start position:0% what's your incentive you have been re you've<00:25:59.460> received<00:25:59.760> a<00:25:59.880> donation<00:26:00.299> in<00:26:01.140> usdc<00:26:02.059> why 00:26:03.049 --> 00:26:03.059 align:start position:0% you've received a donation in usdc why 00:26:03.059 --> 00:26:04.909 align:start position:0% you've received a donation in usdc why are<00:26:03.299> you<00:26:03.419> withdrawing<00:26:03.960> it<00:26:04.020> to<00:26:04.140> m-pesa<00:26:04.620> you<00:26:04.740> can 00:26:04.909 --> 00:26:04.919 align:start position:0% are you withdrawing it to m-pesa you can 00:26:04.919 --> 00:26:07.130 align:start position:0% are you withdrawing it to m-pesa you can go<00:26:05.100> to<00:26:05.220> that<00:26:05.460> Merchant<00:26:05.940> and<00:26:06.659> whatever<00:26:06.840> you 00:26:07.130 --> 00:26:07.140 align:start position:0% go to that Merchant and whatever you 00:26:07.140 --> 00:26:09.409 align:start position:0% go to that Merchant and whatever you wanted<00:26:07.260> to<00:26:07.500> buy<00:26:07.679> or<00:26:07.980> still<00:26:08.220> buy<00:26:08.460> and<00:26:09.120> it<00:26:09.240> will 00:26:09.409 --> 00:26:09.419 align:start position:0% wanted to buy or still buy and it will 00:26:09.419 --> 00:26:11.330 align:start position:0% wanted to buy or still buy and it will avoid<00:26:09.720> the<00:26:09.900> transactional<00:26:10.440> fees<00:26:10.799> that<00:26:10.980> are<00:26:11.100> in 00:26:11.330 --> 00:26:11.340 align:start position:0% avoid the transactional fees that are in 00:26:11.340 --> 00:26:14.990 align:start position:0% avoid the transactional fees that are in between<00:26:11.520> here<00:26:11.900> so<00:26:12.900> dealing<00:26:13.679> with<00:26:14.039> uh<00:26:14.460> with 00:26:14.990 --> 00:26:15.000 align:start position:0% between here so dealing with uh with 00:26:15.000 --> 00:26:17.690 align:start position:0% between here so dealing with uh with trust<00:26:15.360> dealing<00:26:15.960> with<00:26:16.200> knowledge<00:26:16.620> and<00:26:17.400> also 00:26:17.690 --> 00:26:17.700 align:start position:0% trust dealing with knowledge and also 00:26:17.700 --> 00:26:19.669 align:start position:0% trust dealing with knowledge and also yeah<00:26:17.940> trying<00:26:18.480> to<00:26:18.659> reduce<00:26:18.840> as<00:26:19.320> much<00:26:19.440> as 00:26:19.669 --> 00:26:19.679 align:start position:0% yeah trying to reduce as much as 00:26:19.679 --> 00:26:21.049 align:start position:0% yeah trying to reduce as much as possible<00:26:19.980> the<00:26:20.220> transaction<00:26:20.580> fees 00:26:21.049 --> 00:26:21.059 align:start position:0% possible the transaction fees 00:26:21.059 --> 00:26:24.110 align:start position:0% possible the transaction fees transaction<00:26:21.480> fees<00:26:21.900> are<00:26:22.020> a<00:26:22.140> big<00:26:22.260> issue<00:26:22.620> and<00:26:23.520> the 00:26:24.110 --> 00:26:24.120 align:start position:0% transaction fees are a big issue and the 00:26:24.120 --> 00:26:26.690 align:start position:0% transaction fees are a big issue and the interests<00:26:24.720> that<00:26:25.200> come<00:26:25.500> in<00:26:25.740> between<00:26:25.980> these 00:26:26.690 --> 00:26:26.700 align:start position:0% interests that come in between these 00:26:26.700 --> 00:26:29.269 align:start position:0% interests that come in between these transactions<00:26:27.240> uh<00:26:28.080> we<00:26:28.320> think<00:26:28.500> those<00:26:28.799> are<00:26:28.919> the 00:26:29.269 --> 00:26:29.279 align:start position:0% transactions uh we think those are the 00:26:29.279 --> 00:26:31.130 align:start position:0% transactions uh we think those are the building<00:26:29.400> blocks<00:26:29.880> that<00:26:30.179> can<00:26:30.360> really<00:26:30.539> bring<00:26:30.900> a 00:26:31.130 --> 00:26:31.140 align:start position:0% building blocks that can really bring a 00:26:31.140 --> 00:26:32.990 align:start position:0% building blocks that can really bring a lot<00:26:31.320> of<00:26:31.440> adoption 00:26:32.990 --> 00:26:33.000 align:start position:0% lot of adoption 00:26:33.000 --> 00:26:35.510 align:start position:0% lot of adoption um<00:26:33.059> yeah<00:26:33.299> and<00:26:33.539> also<00:26:33.779> smartphone<00:26:34.400> the<00:26:35.400> more 00:26:35.510 --> 00:26:35.520 align:start position:0% um yeah and also smartphone the more 00:26:35.520 --> 00:26:37.789 align:start position:0% um yeah and also smartphone the more smartphones<00:26:36.000> people<00:26:36.419> have<00:26:36.960> then<00:26:37.260> more 00:26:37.789 --> 00:26:37.799 align:start position:0% smartphones people have then more 00:26:37.799 --> 00:26:43.190 align:start position:0% smartphones people have then more control<00:26:38.100> of<00:26:38.700> their<00:26:39.000> own<00:26:39.860> defy<00:26:40.860> gateways 00:26:43.190 --> 00:26:43.200 align:start position:0% control of their own defy gateways 00:26:43.200 --> 00:26:47.570 align:start position:0% control of their own defy gateways right<00:26:43.860> so<00:26:44.400> smartphones<00:26:45.059> I<00:26:45.419> think<00:26:45.600> are<00:26:45.900> key<00:26:46.580> in 00:26:47.570 --> 00:26:47.580 align:start position:0% right so smartphones I think are key in 00:26:47.580 --> 00:26:50.149 align:start position:0% right so smartphones I think are key in in<00:26:47.880> Mexico<00:26:48.059> it's<00:26:48.480> the<00:26:48.659> same<00:26:48.960> thing<00:26:49.679> people 00:26:50.149 --> 00:26:50.159 align:start position:0% in Mexico it's the same thing people 00:26:50.159 --> 00:26:52.130 align:start position:0% in Mexico it's the same thing people have<00:26:50.520> phones<00:26:51.000> they<00:26:51.179> access<00:26:51.419> Internet<00:26:51.720> through 00:26:52.130 --> 00:26:52.140 align:start position:0% have phones they access Internet through 00:26:52.140 --> 00:26:53.990 align:start position:0% have phones they access Internet through their<00:26:52.320> phones<00:26:52.620> but<00:26:52.860> have<00:26:53.100> no<00:26:53.340> computers<00:26:53.700> or 00:26:53.990 --> 00:26:54.000 align:start position:0% their phones but have no computers or 00:26:54.000 --> 00:26:58.130 align:start position:0% their phones but have no computers or anything<00:26:54.120> right<00:26:54.539> so<00:26:55.440> we<00:26:55.860> we<00:26:56.159> see<00:26:56.580> that 00:26:58.130 --> 00:26:58.140 align:start position:0% anything right so we we see that 00:26:58.140 --> 00:27:02.450 align:start position:0% anything right so we we see that um<00:26:58.279> uh<00:26:59.279> I<00:26:59.640> think<00:26:59.820> one<00:27:00.779> thing<00:27:01.020> that<00:27:01.559> I've<00:27:01.860> come 00:27:02.450 --> 00:27:02.460 align:start position:0% um uh I think one thing that I've come 00:27:02.460 --> 00:27:06.590 align:start position:0% um uh I think one thing that I've come up<00:27:02.700> with<00:27:02.960> is<00:27:03.960> that<00:27:04.200> there<00:27:04.919> are<00:27:05.279> many<00:27:05.640> people 00:27:06.590 --> 00:27:06.600 align:start position:0% up with is that there are many people 00:27:06.600 --> 00:27:09.590 align:start position:0% up with is that there are many people that<00:27:07.140> with<00:27:07.440> this<00:27:07.740> uh<00:27:08.100> fomo<00:27:08.640> or<00:27:09.059> with<00:27:09.360> our 00:27:09.590 --> 00:27:09.600 align:start position:0% that with this uh fomo or with our 00:27:09.600 --> 00:27:11.750 align:start position:0% that with this uh fomo or with our situation<00:27:10.080> desperation<00:27:10.740> I<00:27:11.100> don't<00:27:11.220> know<00:27:11.340> how 00:27:11.750 --> 00:27:11.760 align:start position:0% situation desperation I don't know how 00:27:11.760 --> 00:27:13.250 align:start position:0% situation desperation I don't know how to<00:27:11.820> call<00:27:12.000> it 00:27:13.250 --> 00:27:13.260 align:start position:0% to call it 00:27:13.260 --> 00:27:15.350 align:start position:0% to call it um they<00:27:13.980> want<00:27:14.100> to<00:27:14.220> get<00:27:14.460> rich<00:27:14.700> right<00:27:15.179> away 00:27:15.350 --> 00:27:15.360 align:start position:0% um they want to get rich right away 00:27:15.360 --> 00:27:16.549 align:start position:0% um they want to get rich right away right 00:27:16.549 --> 00:27:16.559 align:start position:0% right 00:27:16.559 --> 00:27:19.850 align:start position:0% right so<00:27:17.400> we<00:27:18.179> see<00:27:18.299> a<00:27:18.419> lot<00:27:18.539> of<00:27:18.659> people<00:27:18.840> that<00:27:19.620> actually 00:27:19.850 --> 00:27:19.860 align:start position:0% so we see a lot of people that actually 00:27:19.860 --> 00:27:22.789 align:start position:0% so we see a lot of people that actually got<00:27:20.340> scammed<00:27:20.940> and<00:27:21.600> getting<00:27:21.779> one<00:27:22.080> person<00:27:22.320> that 00:27:22.789 --> 00:27:22.799 align:start position:0% got scammed and getting one person that 00:27:22.799 --> 00:27:25.370 align:start position:0% got scammed and getting one person that got<00:27:22.980> scammed<00:27:23.640> like<00:27:24.240> let's<00:27:24.480> say<00:27:24.600> at<00:27:25.260> the 00:27:25.370 --> 00:27:25.380 align:start position:0% got scammed like let's say at the 00:27:25.380 --> 00:27:27.289 align:start position:0% got scammed like let's say at the beginning<00:27:25.500> in<00:27:26.159> their<00:27:26.340> Journey 00:27:27.289 --> 00:27:27.299 align:start position:0% beginning in their Journey 00:27:27.299 --> 00:27:29.870 align:start position:0% beginning in their Journey uh<00:27:27.960> it's<00:27:28.140> super<00:27:28.320> hard<00:27:28.620> for<00:27:29.100> them 00:27:29.870 --> 00:27:29.880 align:start position:0% uh it's super hard for them 00:27:29.880 --> 00:27:32.750 align:start position:0% uh it's super hard for them to<00:27:30.299> get<00:27:30.419> them<00:27:30.600> back<00:27:30.720> in<00:27:30.900> again<00:27:31.100> so<00:27:32.100> we<00:27:32.400> see<00:27:32.580> that 00:27:32.750 --> 00:27:32.760 align:start position:0% to get them back in again so we see that 00:27:32.760 --> 00:27:34.730 align:start position:0% to get them back in again so we see that happening<00:27:33.120> we<00:27:33.419> see<00:27:33.539> them<00:27:33.720> we<00:27:34.140> see<00:27:34.320> there<00:27:34.559> are 00:27:34.730 --> 00:27:34.740 align:start position:0% happening we see them we see there are 00:27:34.740 --> 00:27:38.090 align:start position:0% happening we see them we see there are people<00:27:35.159> that<00:27:35.580> have<00:27:36.059> not<00:27:36.360> good<00:27:36.600> intentions<00:27:37.140> and 00:27:38.090 --> 00:27:38.100 align:start position:0% people that have not good intentions and 00:27:38.100 --> 00:27:40.549 align:start position:0% people that have not good intentions and that<00:27:38.460> are<00:27:38.820> making<00:27:39.120> it<00:27:39.480> very<00:27:39.779> very<00:27:39.960> hard<00:27:40.260> for 00:27:40.549 --> 00:27:40.559 align:start position:0% that are making it very very hard for 00:27:40.559 --> 00:27:43.549 align:start position:0% that are making it very very hard for people<00:27:40.799> like<00:27:41.400> uh<00:27:42.120> all<00:27:42.480> of<00:27:42.659> these<00:27:42.960> people<00:27:43.140> here 00:27:43.549 --> 00:27:43.559 align:start position:0% people like uh all of these people here 00:27:43.559 --> 00:27:45.649 align:start position:0% people like uh all of these people here that<00:27:44.400> are<00:27:44.640> trying<00:27:44.820> to<00:27:44.940> make<00:27:45.120> something<00:27:45.360> good 00:27:45.649 --> 00:27:45.659 align:start position:0% that are trying to make something good 00:27:45.659 --> 00:27:48.350 align:start position:0% that are trying to make something good so<00:27:46.559> that's<00:27:46.919> why<00:27:47.220> you're<00:27:47.640> you're<00:27:47.880> not 00:27:48.350 --> 00:27:48.360 align:start position:0% so that's why you're you're not 00:27:48.360 --> 00:27:52.010 align:start position:0% so that's why you're you're not mentioning<00:27:48.900> crypto<00:27:49.380> at<00:27:49.559> all<00:27:49.740> right<00:27:50.240> so<00:27:51.240> uh 00:27:52.010 --> 00:27:52.020 align:start position:0% mentioning crypto at all right so uh 00:27:52.020 --> 00:27:54.110 align:start position:0% mentioning crypto at all right so uh yeah<00:27:52.200> so<00:27:52.500> that's<00:27:52.740> that's<00:27:53.039> some<00:27:53.279> that's<00:27:53.700> a<00:27:54.000> real 00:27:54.110 --> 00:27:54.120 align:start position:0% yeah so that's that's some that's a real 00:27:54.120 --> 00:27:57.169 align:start position:0% yeah so that's that's some that's a real challenge<00:27:54.559> uh<00:27:55.559> one<00:27:55.799> person<00:27:55.919> that<00:27:56.220> got<00:27:56.640> scammed 00:27:57.169 --> 00:27:57.179 align:start position:0% challenge uh one person that got scammed 00:27:57.179 --> 00:28:00.470 align:start position:0% challenge uh one person that got scammed once<00:27:57.480> is<00:27:58.140> going<00:27:58.380> to<00:27:58.500> convince<00:27:59.039> 50<00:27:59.400> people 00:28:00.470 --> 00:28:00.480 align:start position:0% once is going to convince 50 people 00:28:00.480 --> 00:28:02.810 align:start position:0% once is going to convince 50 people but<00:28:01.020> one<00:28:01.320> person<00:28:01.500> that<00:28:01.740> uses<00:28:02.100> it<00:28:02.220> how<00:28:02.640> many 00:28:02.810 --> 00:28:02.820 align:start position:0% but one person that uses it how many 00:28:02.820 --> 00:28:04.549 align:start position:0% but one person that uses it how many people<00:28:03.000> you<00:28:03.240> think<00:28:03.480> is<00:28:03.600> going<00:28:03.900> to<00:28:04.200> actually 00:28:04.549 --> 00:28:04.559 align:start position:0% people you think is going to actually 00:28:04.559 --> 00:28:07.610 align:start position:0% people you think is going to actually convert<00:28:05.460> let's<00:28:05.820> say<00:28:06.000> let's<00:28:06.840> say<00:28:07.200> in<00:28:07.320> a<00:28:07.500> word 00:28:07.610 --> 00:28:07.620 align:start position:0% convert let's say let's say in a word 00:28:07.620 --> 00:28:09.710 align:start position:0% convert let's say let's say in a word two<00:28:08.520> or<00:28:08.700> three<00:28:08.880> people 00:28:09.710 --> 00:28:09.720 align:start position:0% two or three people 00:28:09.720 --> 00:28:13.130 align:start position:0% two or three people so<00:28:10.200> that's<00:28:10.500> a<00:28:10.740> challenge<00:28:11.120> uh<00:28:12.120> also 00:28:13.130 --> 00:28:13.140 align:start position:0% so that's a challenge uh also 00:28:13.140 --> 00:28:16.909 align:start position:0% so that's a challenge uh also um<00:28:13.679> ux<00:28:14.340> fortunately<00:28:15.299> many<00:28:15.960> tools<00:28:16.380> have<00:28:16.679> been 00:28:16.909 --> 00:28:16.919 align:start position:0% um ux fortunately many tools have been 00:28:16.919 --> 00:28:20.510 align:start position:0% um ux fortunately many tools have been translated<00:28:17.880> to<00:28:18.299> Spanish<00:28:18.860> into<00:28:19.860> different 00:28:20.510 --> 00:28:20.520 align:start position:0% translated to Spanish into different 00:28:20.520 --> 00:28:23.330 align:start position:0% translated to Spanish into different allowances<00:28:21.240> around<00:28:21.419> the<00:28:21.720> world<00:28:21.840> but<00:28:22.679> we<00:28:23.039> still 00:28:23.330 --> 00:28:23.340 align:start position:0% allowances around the world but we still 00:28:23.340 --> 00:28:26.930 align:start position:0% allowances around the world but we still need<00:28:24.000> that<00:28:24.419> Community<00:28:25.080> feeling<00:28:25.440> because<00:28:25.940> in 00:28:26.930 --> 00:28:26.940 align:start position:0% need that Community feeling because in 00:28:26.940 --> 00:28:29.750 align:start position:0% need that Community feeling because in Latin<00:28:27.240> America<00:28:27.299> we<00:28:27.779> are<00:28:27.960> like<00:28:28.200> very<00:28:28.559> close<00:28:29.460> we 00:28:29.750 --> 00:28:29.760 align:start position:0% Latin America we are like very close we 00:28:29.760 --> 00:28:31.610 align:start position:0% Latin America we are like very close we like<00:28:30.000> being<00:28:30.179> in<00:28:30.419> community<00:28:30.600> doing<00:28:30.960> things<00:28:31.320> in 00:28:31.610 --> 00:28:31.620 align:start position:0% like being in community doing things in 00:28:31.620 --> 00:28:34.669 align:start position:0% like being in community doing things in community<00:28:32.059> so<00:28:33.059> uh<00:28:33.480> Community<00:28:33.720> I<00:28:34.080> think<00:28:34.200> is<00:28:34.500> key 00:28:34.669 --> 00:28:34.679 align:start position:0% community so uh Community I think is key 00:28:34.679 --> 00:28:39.289 align:start position:0% community so uh Community I think is key so<00:28:35.279> we<00:28:35.640> have<00:28:35.820> a<00:28:36.000> lot<00:28:36.179> of<00:28:36.620> uh<00:28:37.620> let's<00:28:38.159> say<00:28:38.400> people 00:28:39.289 --> 00:28:39.299 align:start position:0% so we have a lot of uh let's say people 00:28:39.299 --> 00:28:42.590 align:start position:0% so we have a lot of uh let's say people building<00:28:40.200> these<00:28:40.620> communities<00:28:41.179> now<00:28:42.179> we<00:28:42.360> need 00:28:42.590 --> 00:28:42.600 align:start position:0% building these communities now we need 00:28:42.600 --> 00:28:45.110 align:start position:0% building these communities now we need to<00:28:42.720> reach<00:28:43.080> that<00:28:43.320> next<00:28:43.559> billion<00:28:43.980> right<00:28:44.400> so<00:28:44.940> we 00:28:45.110 --> 00:28:45.120 align:start position:0% to reach that next billion right so we 00:28:45.120 --> 00:28:47.810 align:start position:0% to reach that next billion right so we need<00:28:45.299> to<00:28:45.720> reach<00:28:46.080> out<00:28:46.200> not<00:28:47.039> those<00:28:47.400> communities 00:28:47.810 --> 00:28:47.820 align:start position:0% need to reach out not those communities 00:28:47.820 --> 00:28:51.769 align:start position:0% need to reach out not those communities to<00:28:48.299> keep<00:28:49.200> to<00:28:49.679> themselves<00:28:50.159> but<00:28:51.000> how<00:28:51.299> can<00:28:51.480> we 00:28:51.769 --> 00:28:51.779 align:start position:0% to keep to themselves but how can we 00:28:51.779 --> 00:28:55.370 align:start position:0% to keep to themselves but how can we make<00:28:52.440> that<00:28:52.799> scalable<00:28:53.580> let's<00:28:54.059> say<00:28:54.299> not<00:28:55.200> just 00:28:55.370 --> 00:28:55.380 align:start position:0% make that scalable let's say not just 00:28:55.380 --> 00:28:56.930 align:start position:0% make that scalable let's say not just convert<00:28:55.799> once<00:28:56.159> and<00:28:56.340> then<00:28:56.460> you<00:28:56.640> get<00:28:56.760> your 00:28:56.930 --> 00:28:56.940 align:start position:0% convert once and then you get your 00:28:56.940 --> 00:28:59.330 align:start position:0% convert once and then you get your crypto<00:28:57.360> friends<00:28:57.539> and<00:28:57.840> then<00:28:58.080> you<00:28:58.679> have<00:28:58.860> your<00:28:59.159> 50 00:28:59.330 --> 00:28:59.340 align:start position:0% crypto friends and then you have your 50 00:28:59.340 --> 00:29:01.909 align:start position:0% crypto friends and then you have your 50 crypto<00:28:59.880> friends<00:29:00.059> and<00:29:00.299> that's<00:29:00.539> it<00:29:00.779> how<00:29:01.620> can<00:29:01.740> you 00:29:01.909 --> 00:29:01.919 align:start position:0% crypto friends and that's it how can you 00:29:01.919 --> 00:29:06.110 align:start position:0% crypto friends and that's it how can you get<00:29:02.220> that<00:29:03.000> sense<00:29:03.779> of<00:29:03.960> community<00:29:04.520> uh<00:29:05.520> scalable 00:29:06.110 --> 00:29:06.120 align:start position:0% get that sense of community uh scalable 00:29:06.120 --> 00:29:09.169 align:start position:0% get that sense of community uh scalable in<00:29:06.960> a<00:29:07.200> trustworthy<00:29:07.919> way<00:29:08.100> so<00:29:08.400> I<00:29:08.640> think<00:29:08.820> that's 00:29:09.169 --> 00:29:09.179 align:start position:0% in a trustworthy way so I think that's 00:29:09.179 --> 00:29:12.890 align:start position:0% in a trustworthy way so I think that's an<00:29:09.600> interesting<00:29:09.900> question<00:29:10.460> and<00:29:11.460> ux<00:29:12.299> I<00:29:12.720> think 00:29:12.890 --> 00:29:12.900 align:start position:0% an interesting question and ux I think 00:29:12.900 --> 00:29:15.909 align:start position:0% an interesting question and ux I think is<00:29:13.740> super<00:29:14.520> important 00:29:15.909 --> 00:29:15.919 align:start position:0% is super important 00:29:15.919 --> 00:29:19.909 align:start position:0% is super important having<00:29:16.919> applications<00:29:18.080> we<00:29:19.080> now<00:29:19.320> see<00:29:19.559> more<00:29:19.740> and 00:29:19.909 --> 00:29:19.919 align:start position:0% having applications we now see more and 00:29:19.919 --> 00:29:21.889 align:start position:0% having applications we now see more and more<00:29:20.039> Crypt<00:29:20.340> applications<00:29:20.820> mobile<00:29:21.480> first 00:29:21.889 --> 00:29:21.899 align:start position:0% more Crypt applications mobile first 00:29:21.899 --> 00:29:24.529 align:start position:0% more Crypt applications mobile first which<00:29:22.440> is<00:29:22.620> great<00:29:22.860> having<00:29:23.520> just<00:29:24.360> enough 00:29:24.529 --> 00:29:24.539 align:start position:0% which is great having just enough 00:29:24.539 --> 00:29:27.830 align:start position:0% which is great having just enough information<00:29:24.899> in<00:29:25.799> the<00:29:26.100> screen<00:29:26.340> that<00:29:26.880> you<00:29:27.059> need 00:29:27.830 --> 00:29:27.840 align:start position:0% information in the screen that you need 00:29:27.840 --> 00:29:29.750 align:start position:0% information in the screen that you need I<00:29:28.020> think<00:29:28.260> that's<00:29:28.500> super<00:29:28.919> important<00:29:29.399> to 00:29:29.750 --> 00:29:29.760 align:start position:0% I think that's super important to 00:29:29.760 --> 00:29:32.570 align:start position:0% I think that's super important to research<00:29:30.480> and<00:29:30.779> to<00:29:30.960> actually<00:29:31.340> not<00:29:32.340> just 00:29:32.570 --> 00:29:32.580 align:start position:0% research and to actually not just 00:29:32.580 --> 00:29:34.970 align:start position:0% research and to actually not just research<00:29:33.120> with<00:29:33.299> crypto<00:29:33.779> people<00:29:34.020> research 00:29:34.970 --> 00:29:34.980 align:start position:0% research with crypto people research 00:29:34.980 --> 00:29:37.130 align:start position:0% research with crypto people research with<00:29:35.399> the<00:29:35.640> next<00:29:35.760> billion<00:29:36.179> right<00:29:36.600> because 00:29:37.130 --> 00:29:37.140 align:start position:0% with the next billion right because 00:29:37.140 --> 00:29:39.230 align:start position:0% with the next billion right because we're<00:29:37.500> used<00:29:37.799> to<00:29:37.919> having<00:29:38.220> your<00:29:38.520> balance<00:29:39.000> here 00:29:39.230 --> 00:29:39.240 align:start position:0% we're used to having your balance here 00:29:39.240 --> 00:29:42.769 align:start position:0% we're used to having your balance here your<00:29:39.480> wallet<00:29:39.899> here<00:29:40.140> but<00:29:40.700> what<00:29:41.700> do<00:29:42.000> new<00:29:42.360> users 00:29:42.769 --> 00:29:42.779 align:start position:0% your wallet here but what do new users 00:29:42.779 --> 00:29:45.409 align:start position:0% your wallet here but what do new users actually<00:29:43.380> need<00:29:43.799> right<00:29:44.340> so<00:29:44.760> that's<00:29:45.059> a<00:29:45.299> good 00:29:45.409 --> 00:29:45.419 align:start position:0% actually need right so that's a good 00:29:45.419 --> 00:29:47.210 align:start position:0% actually need right so that's a good question<00:29:45.659> I<00:29:46.200> believe 00:29:47.210 --> 00:29:47.220 align:start position:0% question I believe 00:29:47.220 --> 00:29:50.269 align:start position:0% question I believe yeah<00:29:47.960> for<00:29:48.960> us<00:29:49.140> it<00:29:49.500> has<00:29:49.679> been<00:29:49.919> a<00:29:50.159> very 00:29:50.269 --> 00:29:50.279 align:start position:0% yeah for us it has been a very 00:29:50.279 --> 00:29:51.830 align:start position:0% yeah for us it has been a very interesting<00:29:50.640> case<00:29:50.880> study 00:29:51.830 --> 00:29:51.840 align:start position:0% interesting case study 00:29:51.840 --> 00:29:53.630 align:start position:0% interesting case study um<00:29:51.899> what<00:29:52.260> we<00:29:52.320> did<00:29:52.559> was<00:29:52.740> we<00:29:53.100> created<00:29:53.460> a 00:29:53.630 --> 00:29:53.640 align:start position:0% um what we did was we created a 00:29:53.640 --> 00:29:55.490 align:start position:0% um what we did was we created a multilingual<00:29:54.120> app<00:29:54.419> it's<00:29:54.960> available<00:29:55.200> in 00:29:55.490 --> 00:29:55.500 align:start position:0% multilingual app it's available in 00:29:55.500 --> 00:29:57.470 align:start position:0% multilingual app it's available in English<00:29:55.679> first<00:29:56.159> Hindi<00:29:56.640> then<00:29:56.820> and<00:29:57.179> then 00:29:57.470 --> 00:29:57.480 align:start position:0% English first Hindi then and then 00:29:57.480 --> 00:29:58.789 align:start position:0% English first Hindi then and then Marathi<00:29:58.020> which<00:29:58.140> is<00:29:58.200> another<00:29:58.380> Regional 00:29:58.789 --> 00:29:58.799 align:start position:0% Marathi which is another Regional 00:29:58.799 --> 00:30:00.830 align:start position:0% Marathi which is another Regional language<00:29:59.039> in<00:29:59.700> it 00:30:00.830 --> 00:30:00.840 align:start position:0% language in it 00:30:00.840 --> 00:30:02.510 align:start position:0% language in it um so<00:30:01.140> what<00:30:01.260> happened<00:30:01.440> was<00:30:01.740> we<00:30:01.980> we<00:30:02.279> thought 00:30:02.510 --> 00:30:02.520 align:start position:0% um so what happened was we we thought 00:30:02.520 --> 00:30:04.250 align:start position:0% um so what happened was we we thought that<00:30:02.640> okay<00:30:02.880> multilingual<00:30:03.720> app<00:30:03.899> is<00:30:04.020> going<00:30:04.140> to 00:30:04.250 --> 00:30:04.260 align:start position:0% that okay multilingual app is going to 00:30:04.260 --> 00:30:06.470 align:start position:0% that okay multilingual app is going to be<00:30:04.320> very<00:30:04.500> good<00:30:04.740> when<00:30:05.279> we<00:30:05.460> launched<00:30:05.820> it<00:30:05.940> we<00:30:06.299> were 00:30:06.470 --> 00:30:06.480 align:start position:0% be very good when we launched it we were 00:30:06.480 --> 00:30:08.750 align:start position:0% be very good when we launched it we were uh<00:30:07.080> we<00:30:07.380> we<00:30:07.500> saw<00:30:07.740> that<00:30:07.919> okay<00:30:08.039> the<00:30:08.220> adoption<00:30:08.580> is 00:30:08.750 --> 00:30:08.760 align:start position:0% uh we we saw that okay the adoption is 00:30:08.760 --> 00:30:10.789 align:start position:0% uh we we saw that okay the adoption is definitely<00:30:09.059> not<00:30:09.480> not<00:30:09.779> much 00:30:10.789 --> 00:30:10.799 align:start position:0% definitely not not much 00:30:10.799 --> 00:30:12.950 align:start position:0% definitely not not much so<00:30:11.159> what<00:30:11.880> happened<00:30:12.000> was<00:30:12.299> so<00:30:12.659> what<00:30:12.779> what 00:30:12.950 --> 00:30:12.960 align:start position:0% so what happened was so what what 00:30:12.960 --> 00:30:14.570 align:start position:0% so what happened was so what what basically<00:30:13.320> happened<00:30:13.500> we<00:30:13.799> redesigned<00:30:14.460> the 00:30:14.570 --> 00:30:14.580 align:start position:0% basically happened we redesigned the 00:30:14.580 --> 00:30:16.610 align:start position:0% basically happened we redesigned the entire<00:30:14.880> system<00:30:15.059> two<00:30:15.299> years<00:30:15.480> back<00:30:15.720> again<00:30:16.020> right 00:30:16.610 --> 00:30:16.620 align:start position:0% entire system two years back again right 00:30:16.620 --> 00:30:19.070 align:start position:0% entire system two years back again right after<00:30:16.860> launching<00:30:17.399> and<00:30:17.940> we<00:30:18.179> put<00:30:18.539> all<00:30:18.899> those 00:30:19.070 --> 00:30:19.080 align:start position:0% after launching and we put all those 00:30:19.080 --> 00:30:20.690 align:start position:0% after launching and we put all those same<00:30:19.320> functionalities<00:30:20.100> which<00:30:20.399> is<00:30:20.520> available 00:30:20.690 --> 00:30:20.700 align:start position:0% same functionalities which is available 00:30:20.700 --> 00:30:22.909 align:start position:0% same functionalities which is available to<00:30:21.000> the<00:30:21.179> farmer<00:30:21.539> from<00:30:21.899> their<00:30:22.080> phone<00:30:22.260> we<00:30:22.740> put 00:30:22.909 --> 00:30:22.919 align:start position:0% to the farmer from their phone we put 00:30:22.919 --> 00:30:25.610 align:start position:0% to the farmer from their phone we put that<00:30:23.159> on<00:30:23.520> the<00:30:23.880> the<00:30:24.600> custodians<00:30:25.200> end<00:30:25.380> because 00:30:25.610 --> 00:30:25.620 align:start position:0% that on the the custodians end because 00:30:25.620 --> 00:30:26.870 align:start position:0% that on the the custodians end because they<00:30:25.799> we<00:30:25.980> have<00:30:26.100> given<00:30:26.279> we<00:30:26.580> have<00:30:26.700> given 00:30:26.870 --> 00:30:26.880 align:start position:0% they we have given we have given 00:30:26.880 --> 00:30:29.029 align:start position:0% they we have given we have given products<00:30:27.240> to<00:30:27.299> everyone<00:30:27.480> to<00:30:27.779> use<00:30:27.960> uh<00:30:28.559> web-based 00:30:29.029 --> 00:30:29.039 align:start position:0% products to everyone to use uh web-based 00:30:29.039 --> 00:30:30.769 align:start position:0% products to everyone to use uh web-based on<00:30:29.159> mobile<00:30:29.340> based<00:30:29.760> so<00:30:29.940> so<00:30:30.059> that<00:30:30.299> the<00:30:30.480> farmer 00:30:30.769 --> 00:30:30.779 align:start position:0% on mobile based so so that the farmer 00:30:30.779 --> 00:30:32.029 align:start position:0% on mobile based so so that the farmer can<00:30:30.899> just<00:30:31.020> walk<00:30:31.200> in<00:30:31.380> which<00:30:31.679> is<00:30:31.799> the<00:30:31.919> easiest 00:30:32.029 --> 00:30:32.039 align:start position:0% can just walk in which is the easiest 00:30:32.039 --> 00:30:33.889 align:start position:0% can just walk in which is the easiest thing<00:30:32.279> to<00:30:32.399> do<00:30:32.520> and<00:30:32.940> just<00:30:33.120> request<00:30:33.419> the<00:30:33.779> the 00:30:33.889 --> 00:30:33.899 align:start position:0% thing to do and just request the the 00:30:33.899 --> 00:30:35.810 align:start position:0% thing to do and just request the the custodian<00:30:34.500> that<00:30:34.740> please<00:30:35.100> help<00:30:35.340> me<00:30:35.460> take<00:30:35.640> a 00:30:35.810 --> 00:30:35.820 align:start position:0% custodian that please help me take a 00:30:35.820 --> 00:30:37.250 align:start position:0% custodian that please help me take a loan<00:30:36.000> against<00:30:36.179> it 00:30:37.250 --> 00:30:37.260 align:start position:0% loan against it 00:30:37.260 --> 00:30:39.110 align:start position:0% loan against it six<00:30:37.799> months<00:30:38.100> eight<00:30:38.340> months<00:30:38.580> down<00:30:38.700> the<00:30:38.880> line<00:30:38.940> or 00:30:39.110 --> 00:30:39.120 align:start position:0% six months eight months down the line or 00:30:39.120 --> 00:30:40.610 align:start position:0% six months eight months down the line or one<00:30:39.299> year<00:30:39.419> down<00:30:39.600> the<00:30:39.720> line<00:30:39.840> gradually<00:30:40.200> we<00:30:40.500> were 00:30:40.610 --> 00:30:40.620 align:start position:0% one year down the line gradually we were 00:30:40.620 --> 00:30:43.669 align:start position:0% one year down the line gradually we were surprised<00:30:41.100> again<00:30:41.240> we<00:30:42.240> saw<00:30:42.480> that<00:30:42.840> farmers<00:30:43.380> have 00:30:43.669 --> 00:30:43.679 align:start position:0% surprised again we saw that farmers have 00:30:43.679 --> 00:30:45.649 align:start position:0% surprised again we saw that farmers have actually<00:30:43.980> started<00:30:44.580> liking<00:30:45.059> the<00:30:45.179> app<00:30:45.299> I<00:30:45.539> don't 00:30:45.649 --> 00:30:45.659 align:start position:0% actually started liking the app I don't 00:30:45.659 --> 00:30:47.630 align:start position:0% actually started liking the app I don't know<00:30:45.779> we<00:30:45.960> did<00:30:46.140> not<00:30:46.320> roll<00:30:47.039> out<00:30:47.279> any<00:30:47.399> major 00:30:47.630 --> 00:30:47.640 align:start position:0% know we did not roll out any major 00:30:47.640 --> 00:30:48.950 align:start position:0% know we did not roll out any major upgrade<00:30:48.000> we<00:30:48.240> did<00:30:48.360> not<00:30:48.480> add<00:30:48.600> any<00:30:48.779> more 00:30:48.950 --> 00:30:48.960 align:start position:0% upgrade we did not add any more 00:30:48.960 --> 00:30:50.630 align:start position:0% upgrade we did not add any more languages<00:30:49.320> it<00:30:49.740> was<00:30:49.860> there<00:30:50.039> what<00:30:50.279> was<00:30:50.460> there 00:30:50.630 --> 00:30:50.640 align:start position:0% languages it was there what was there 00:30:50.640 --> 00:30:53.269 align:start position:0% languages it was there what was there but<00:30:51.240> then<00:30:51.419> I<00:30:51.720> think<00:30:51.840> somewhere<00:30:52.320> the 00:30:53.269 --> 00:30:53.279 align:start position:0% but then I think somewhere the 00:30:53.279 --> 00:30:55.490 align:start position:0% but then I think somewhere the custodians<00:30:54.000> started<00:30:54.480> making<00:30:54.960> the<00:30:55.200> farmers 00:30:55.490 --> 00:30:55.500 align:start position:0% custodians started making the farmers 00:30:55.500 --> 00:30:57.110 align:start position:0% custodians started making the farmers believe<00:30:55.740> that<00:30:55.980> it<00:30:56.159> is<00:30:56.279> a<00:30:56.399> very<00:30:56.520> simple<00:30:56.640> app<00:30:56.880> to 00:30:57.110 --> 00:30:57.120 align:start position:0% believe that it is a very simple app to 00:30:57.120 --> 00:30:59.029 align:start position:0% believe that it is a very simple app to use<00:30:57.240> just<00:30:57.600> try<00:30:57.840> it<00:30:57.960> once<00:30:58.260> let<00:30:58.440> me<00:30:58.620> guide<00:30:58.799> you 00:30:59.029 --> 00:30:59.039 align:start position:0% use just try it once let me guide you 00:30:59.039 --> 00:31:01.190 align:start position:0% use just try it once let me guide you use<00:30:59.580> the<00:30:59.820> app<00:31:00.000> and<00:31:00.360> then<00:31:00.480> see<00:31:00.659> how<00:31:00.840> it<00:31:00.960> looks 00:31:01.190 --> 00:31:01.200 align:start position:0% use the app and then see how it looks 00:31:01.200 --> 00:31:02.750 align:start position:0% use the app and then see how it looks and<00:31:01.320> then<00:31:01.500> they<00:31:01.740> found<00:31:02.100> that<00:31:02.279> yes<00:31:02.399> it's<00:31:02.640> a 00:31:02.750 --> 00:31:02.760 align:start position:0% and then they found that yes it's a 00:31:02.760 --> 00:31:04.250 align:start position:0% and then they found that yes it's a one-click<00:31:03.120> process<00:31:03.360> one<00:31:03.659> click<00:31:03.960> loan 00:31:04.250 --> 00:31:04.260 align:start position:0% one-click process one click loan 00:31:04.260 --> 00:31:06.409 align:start position:0% one-click process one click loan application<00:31:04.679> they<00:31:05.460> are<00:31:05.580> not<00:31:05.760> accustomed<00:31:06.299> to 00:31:06.409 --> 00:31:06.419 align:start position:0% application they are not accustomed to 00:31:06.419 --> 00:31:08.389 align:start position:0% application they are not accustomed to like<00:31:06.779> like<00:31:06.960> everyone<00:31:07.260> else<00:31:07.559> us<00:31:07.860> they<00:31:08.159> are<00:31:08.279> not 00:31:08.389 --> 00:31:08.399 align:start position:0% like like everyone else us they are not 00:31:08.399 --> 00:31:10.850 align:start position:0% like like everyone else us they are not accustomed<00:31:08.820> to<00:31:08.940> getting<00:31:09.720> uh<00:31:10.260> getting<00:31:10.620> food 00:31:10.850 --> 00:31:10.860 align:start position:0% accustomed to getting uh getting food 00:31:10.860 --> 00:31:12.529 align:start position:0% accustomed to getting uh getting food delivered<00:31:11.279> on<00:31:11.520> phone<00:31:11.760> getting<00:31:12.299> Insurance 00:31:12.529 --> 00:31:12.539 align:start position:0% delivered on phone getting Insurance 00:31:12.539 --> 00:31:14.870 align:start position:0% delivered on phone getting Insurance booked<00:31:13.080> on<00:31:13.200> the<00:31:13.320> click<00:31:13.559> of<00:31:13.679> a<00:31:13.860> button<00:31:14.100> for<00:31:14.700> them 00:31:14.870 --> 00:31:14.880 align:start position:0% booked on the click of a button for them 00:31:14.880 --> 00:31:16.970 align:start position:0% booked on the click of a button for them this<00:31:15.360> was<00:31:15.539> the<00:31:15.779> first<00:31:15.960> ever<00:31:16.140> such<00:31:16.500> application 00:31:16.970 --> 00:31:16.980 align:start position:0% this was the first ever such application 00:31:16.980 --> 00:31:18.950 align:start position:0% this was the first ever such application that<00:31:17.220> they<00:31:17.340> were<00:31:17.460> seeing<00:31:17.640> in<00:31:17.760> their<00:31:17.880> lives<00:31:18.240> and 00:31:18.950 --> 00:31:18.960 align:start position:0% that they were seeing in their lives and 00:31:18.960 --> 00:31:20.090 align:start position:0% that they were seeing in their lives and now<00:31:19.080> they<00:31:19.260> have<00:31:19.380> become<00:31:19.620> very<00:31:19.799> confident 00:31:20.090 --> 00:31:20.100 align:start position:0% now they have become very confident 00:31:20.100 --> 00:31:22.549 align:start position:0% now they have become very confident using<00:31:20.760> it<00:31:20.940> and<00:31:21.659> as<00:31:21.840> you<00:31:21.960> said<00:31:22.140> that<00:31:22.320> you<00:31:22.440> know 00:31:22.549 --> 00:31:22.559 align:start position:0% using it and as you said that you know 00:31:22.559 --> 00:31:24.169 align:start position:0% using it and as you said that you know one<00:31:22.799> person<00:31:22.980> how<00:31:23.340> many<00:31:23.460> people<00:31:23.640> would<00:31:23.940> they 00:31:24.169 --> 00:31:24.179 align:start position:0% one person how many people would they 00:31:24.179 --> 00:31:26.090 align:start position:0% one person how many people would they say<00:31:24.360> would<00:31:24.899> they<00:31:25.260> you<00:31:25.500> know<00:31:25.620> speak<00:31:25.799> to 00:31:26.090 --> 00:31:26.100 align:start position:0% say would they you know speak to 00:31:26.100 --> 00:31:27.529 align:start position:0% say would they you know speak to regarding<00:31:26.700> the<00:31:26.880> benefits<00:31:27.240> that<00:31:27.360> they've 00:31:27.529 --> 00:31:27.539 align:start position:0% regarding the benefits that they've 00:31:27.539 --> 00:31:29.930 align:start position:0% regarding the benefits that they've received<00:31:27.899> in<00:31:28.500> our<00:31:28.620> case<00:31:28.860> word<00:31:29.100> of<00:31:29.279> mouth<00:31:29.399> has 00:31:29.930 --> 00:31:29.940 align:start position:0% received in our case word of mouth has 00:31:29.940 --> 00:31:32.149 align:start position:0% received in our case word of mouth has really<00:31:30.059> worked<00:31:30.419> because<00:31:31.140> farmers<00:31:31.860> are<00:31:31.980> very 00:31:32.149 --> 00:31:32.159 align:start position:0% really worked because farmers are very 00:31:32.159 --> 00:31:33.669 align:start position:0% really worked because farmers are very close<00:31:32.279> right<00:31:32.460> it's<00:31:32.640> a<00:31:32.820> very<00:31:33.000> small<00:31:33.120> community 00:31:33.669 --> 00:31:33.679 align:start position:0% close right it's a very small community 00:31:33.679 --> 00:31:36.470 align:start position:0% close right it's a very small community they<00:31:34.679> have<00:31:34.919> been<00:31:35.159> there<00:31:35.460> in<00:31:35.700> that<00:31:35.880> area<00:31:36.059> since 00:31:36.470 --> 00:31:36.480 align:start position:0% they have been there in that area since 00:31:36.480 --> 00:31:38.990 align:start position:0% they have been there in that area since generation<00:31:37.260> they<00:31:37.799> know<00:31:37.980> which<00:31:38.159> Warehouse<00:31:38.520> is 00:31:38.990 --> 00:31:39.000 align:start position:0% generation they know which Warehouse is 00:31:39.000 --> 00:31:41.149 align:start position:0% generation they know which Warehouse is nearby<00:31:39.299> which<00:31:39.539> is<00:31:39.720> nearby<00:31:40.500> where<00:31:40.860> they<00:31:41.039> have 00:31:41.149 --> 00:31:41.159 align:start position:0% nearby which is nearby where they have 00:31:41.159 --> 00:31:42.110 align:start position:0% nearby which is nearby where they have to<00:31:41.279> go 00:31:42.110 --> 00:31:42.120 align:start position:0% to go 00:31:42.120 --> 00:31:43.970 align:start position:0% to go they<00:31:42.720> just<00:31:42.840> with<00:31:43.080> that<00:31:43.260> word<00:31:43.440> of<00:31:43.620> mouth<00:31:43.740> and 00:31:43.970 --> 00:31:43.980 align:start position:0% they just with that word of mouth and 00:31:43.980 --> 00:31:45.710 align:start position:0% they just with that word of mouth and they<00:31:44.159> just<00:31:44.399> started<00:31:44.700> telling<00:31:45.179> everyone<00:31:45.299> that 00:31:45.710 --> 00:31:45.720 align:start position:0% they just started telling everyone that 00:31:45.720 --> 00:31:47.690 align:start position:0% they just started telling everyone that hey<00:31:45.960> do<00:31:46.200> you<00:31:46.320> know<00:31:46.440> I<00:31:46.620> mean<00:31:46.740> I<00:31:47.100> just<00:31:47.220> got<00:31:47.399> Loan 00:31:47.690 --> 00:31:47.700 align:start position:0% hey do you know I mean I just got Loan 00:31:47.700 --> 00:31:49.310 align:start position:0% hey do you know I mean I just got Loan in<00:31:47.820> 15<00:31:47.940> minutes<00:31:48.179> I<00:31:48.419> mean<00:31:48.539> in<00:31:48.720> my<00:31:48.840> life<00:31:48.960> my 00:31:49.310 --> 00:31:49.320 align:start position:0% in 15 minutes I mean in my life my 00:31:49.320 --> 00:31:50.510 align:start position:0% in 15 minutes I mean in my life my father<00:31:49.380> has<00:31:49.620> never<00:31:49.799> seen<00:31:49.980> it<00:31:50.159> I<00:31:50.279> have<00:31:50.399> never 00:31:50.510 --> 00:31:50.520 align:start position:0% father has never seen it I have never 00:31:50.520 --> 00:31:52.610 align:start position:0% father has never seen it I have never seen<00:31:50.760> it<00:31:50.880> uh<00:31:51.480> and<00:31:51.659> and<00:31:51.779> whenever<00:31:52.140> it<00:31:52.440> happened 00:31:52.610 --> 00:31:52.620 align:start position:0% seen it uh and and whenever it happened 00:31:52.620 --> 00:31:54.769 align:start position:0% seen it uh and and whenever it happened it<00:31:52.980> was<00:31:53.159> like<00:31:53.340> 13<00:31:53.520> to<00:31:53.820> 15<00:31:54.000> days<00:31:54.240> running<00:31:54.539> post 00:31:54.769 --> 00:31:54.779 align:start position:0% it was like 13 to 15 days running post 00:31:54.779 --> 00:31:57.230 align:start position:0% it was like 13 to 15 days running post to<00:31:55.020> pillar<00:31:55.380> at<00:31:55.440> Banks<00:31:55.860> and<00:31:56.580> then<00:31:56.880> then<00:31:57.059> you 00:31:57.230 --> 00:31:57.240 align:start position:0% to pillar at Banks and then then you 00:31:57.240 --> 00:31:58.490 align:start position:0% to pillar at Banks and then then you know<00:31:57.360> getting<00:31:57.539> the<00:31:57.720> loan<00:31:58.020> and<00:31:58.200> whenever 00:31:58.490 --> 00:31:58.500 align:start position:0% know getting the loan and whenever 00:31:58.500 --> 00:32:00.110 align:start position:0% know getting the loan and whenever you're<00:31:58.679> running<00:31:58.919> there<00:31:59.220> you<00:31:59.760> are<00:31:59.940> not 00:32:00.110 --> 00:32:00.120 align:start position:0% you're running there you are not 00:32:00.120 --> 00:32:02.090 align:start position:0% you're running there you are not basically<00:32:00.539> not<00:32:00.779> farming<00:32:01.260> and<00:32:01.620> you're<00:32:01.919> not 00:32:02.090 --> 00:32:02.100 align:start position:0% basically not farming and you're not 00:32:02.100 --> 00:32:04.190 align:start position:0% basically not farming and you're not earning<00:32:02.520> so<00:32:03.240> so<00:32:03.480> this<00:32:03.720> was<00:32:03.899> very<00:32:04.020> very 00:32:04.190 --> 00:32:04.200 align:start position:0% earning so so this was very very 00:32:04.200 --> 00:32:06.110 align:start position:0% earning so so this was very very revolutionary<00:32:04.799> for<00:32:04.980> them<00:32:05.159> and<00:32:05.700> now<00:32:05.820> we<00:32:06.000> can 00:32:06.110 --> 00:32:06.120 align:start position:0% revolutionary for them and now we can 00:32:06.120 --> 00:32:07.909 align:start position:0% revolutionary for them and now we can see<00:32:06.240> that<00:32:06.360> that<00:32:06.539> adoption<00:32:07.020> Gap<00:32:07.440> has<00:32:07.740> really 00:32:07.909 --> 00:32:07.919 align:start position:0% see that that adoption Gap has really 00:32:07.919 --> 00:32:09.830 align:start position:0% see that that adoption Gap has really bridged<00:32:08.399> because<00:32:08.580> now<00:32:08.940> they're<00:32:09.299> comfortable 00:32:09.830 --> 00:32:09.840 align:start position:0% bridged because now they're comfortable 00:32:09.840 --> 00:32:11.870 align:start position:0% bridged because now they're comfortable as<00:32:10.500> we<00:32:10.620> move<00:32:10.799> to<00:32:10.919> other<00:32:11.039> states<00:32:11.279> so<00:32:11.460> India<00:32:11.760> has 00:32:11.870 --> 00:32:11.880 align:start position:0% as we move to other states so India has 00:32:11.880 --> 00:32:13.130 align:start position:0% as we move to other states so India has a<00:32:12.059> lot<00:32:12.120> of<00:32:12.240> regional<00:32:12.600> languages<00:32:12.899> right 00:32:13.130 --> 00:32:13.140 align:start position:0% a lot of regional languages right 00:32:13.140 --> 00:32:15.350 align:start position:0% a lot of regional languages right hundreds<00:32:13.919> of<00:32:13.980> thousands<00:32:14.340> I<00:32:14.460> think<00:32:14.580> so<00:32:14.760> we 00:32:15.350 --> 00:32:15.360 align:start position:0% hundreds of thousands I think so we 00:32:15.360 --> 00:32:16.610 align:start position:0% hundreds of thousands I think so we would<00:32:15.539> be<00:32:15.659> just<00:32:15.779> onboarding<00:32:16.260> new<00:32:16.440> languages 00:32:16.610 --> 00:32:16.620 align:start position:0% would be just onboarding new languages 00:32:16.620 --> 00:32:17.990 align:start position:0% would be just onboarding new languages which<00:32:16.919> is<00:32:17.039> not<00:32:17.220> a<00:32:17.340> difficult<00:32:17.520> thing<00:32:17.700> for<00:32:17.820> our 00:32:17.990 --> 00:32:18.000 align:start position:0% which is not a difficult thing for our 00:32:18.000 --> 00:32:20.149 align:start position:0% which is not a difficult thing for our developers<00:32:18.419> to<00:32:18.600> do<00:32:18.720> once<00:32:19.260> we<00:32:19.320> do<00:32:19.500> that<00:32:19.679> we<00:32:20.039> have 00:32:20.149 --> 00:32:20.159 align:start position:0% developers to do once we do that we have 00:32:20.159 --> 00:32:21.649 align:start position:0% developers to do once we do that we have cracked<00:32:20.640> that<00:32:20.700> okay<00:32:20.880> with<00:32:21.120> the<00:32:21.240> support<00:32:21.419> of 00:32:21.649 --> 00:32:21.659 align:start position:0% cracked that okay with the support of 00:32:21.659 --> 00:32:23.690 align:start position:0% cracked that okay with the support of technology<00:32:22.020> and<00:32:22.799> with<00:32:23.039> on-ground<00:32:23.399> support 00:32:23.690 --> 00:32:23.700 align:start position:0% technology and with on-ground support 00:32:23.700 --> 00:32:25.430 align:start position:0% technology and with on-ground support and<00:32:24.299> which<00:32:24.539> is<00:32:24.720> already<00:32:24.840> there<00:32:25.080> from<00:32:25.320> the 00:32:25.430 --> 00:32:25.440 align:start position:0% and which is already there from the 00:32:25.440 --> 00:32:26.930 align:start position:0% and which is already there from the government<00:32:25.559> we<00:32:25.860> don't<00:32:25.980> have<00:32:26.100> to<00:32:26.340> deploy<00:32:26.820> our 00:32:26.930 --> 00:32:26.940 align:start position:0% government we don't have to deploy our 00:32:26.940 --> 00:32:28.789 align:start position:0% government we don't have to deploy our boots<00:32:27.179> on<00:32:27.360> the<00:32:27.480> ground<00:32:27.600> so<00:32:28.140> I<00:32:28.380> think<00:32:28.500> I<00:32:28.679> think 00:32:28.789 --> 00:32:28.799 align:start position:0% boots on the ground so I think I think 00:32:28.799 --> 00:32:30.470 align:start position:0% boots on the ground so I think I think that<00:32:29.100> is<00:32:29.220> something<00:32:29.460> that<00:32:29.820> is<00:32:30.059> is<00:32:30.179> working 00:32:30.470 --> 00:32:30.480 align:start position:0% that is something that is is working 00:32:30.480 --> 00:32:32.930 align:start position:0% that is something that is is working really<00:32:30.840> well<00:32:31.080> for<00:32:31.260> for<00:32:31.500> farmers<00:32:31.919> in<00:32:32.100> India<00:32:32.340> and 00:32:32.930 --> 00:32:32.940 align:start position:0% really well for for farmers in India and 00:32:32.940 --> 00:32:34.669 align:start position:0% really well for for farmers in India and I<00:32:33.120> believe<00:32:33.240> another<00:32:33.720> thing<00:32:34.080> that<00:32:34.260> that<00:32:34.380> comes 00:32:34.669 --> 00:32:34.679 align:start position:0% I believe another thing that that comes 00:32:34.679 --> 00:32:36.830 align:start position:0% I believe another thing that that comes to<00:32:34.799> my<00:32:34.919> mind<00:32:35.100> is<00:32:35.399> uh<00:32:35.940> in<00:32:36.179> India<00:32:36.360> again<00:32:36.539> same 00:32:36.830 --> 00:32:36.840 align:start position:0% to my mind is uh in India again same 00:32:36.840 --> 00:32:38.630 align:start position:0% to my mind is uh in India again same thing<00:32:36.960> as<00:32:37.080> you<00:32:37.200> said<00:32:37.320> more<00:32:37.559> more<00:32:37.860> phones<00:32:38.340> than 00:32:38.630 --> 00:32:38.640 align:start position:0% thing as you said more more phones than 00:32:38.640 --> 00:32:40.610 align:start position:0% thing as you said more more phones than people<00:32:38.940> in<00:32:39.179> Colombia 00:32:40.610 --> 00:32:40.620 align:start position:0% people in Colombia 00:32:40.620 --> 00:32:43.970 align:start position:0% people in Colombia um<00:32:40.740> India<00:32:41.640> huge<00:32:42.059> population<00:32:42.559> 1.4<00:32:43.559> billion 00:32:43.970 --> 00:32:43.980 align:start position:0% um India huge population 1.4 billion 00:32:43.980 --> 00:32:44.930 align:start position:0% um India huge population 1.4 billion people 00:32:44.930 --> 00:32:44.940 align:start position:0% people 00:32:44.940 --> 00:32:47.630 align:start position:0% people but<00:32:45.600> one<00:32:46.260> thing<00:32:46.440> is<00:32:46.559> that<00:32:46.799> with<00:32:46.980> a<00:32:47.340> lot<00:32:47.460> of 00:32:47.630 --> 00:32:47.640 align:start position:0% but one thing is that with a lot of 00:32:47.640 --> 00:32:50.810 align:start position:0% but one thing is that with a lot of changes<00:32:48.000> in<00:32:48.299> fintech<00:32:48.899> uh<00:32:49.320> in<00:32:49.440> in<00:32:49.620> technology 00:32:50.810 --> 00:32:50.820 align:start position:0% changes in fintech uh in in technology 00:32:50.820 --> 00:32:52.789 align:start position:0% changes in fintech uh in in technology almost<00:32:51.419> every<00:32:51.779> other<00:32:51.960> person<00:32:52.140> is<00:32:52.440> having<00:32:52.620> a 00:32:52.789 --> 00:32:52.799 align:start position:0% almost every other person is having a 00:32:52.799 --> 00:32:55.190 align:start position:0% almost every other person is having a phone<00:32:52.919> now<00:32:53.159> not<00:32:53.760> feature<00:32:54.120> phone<00:32:54.240> a<00:32:54.779> smartphone 00:32:55.190 --> 00:32:55.200 align:start position:0% phone now not feature phone a smartphone 00:32:55.200 --> 00:32:57.470 align:start position:0% phone now not feature phone a smartphone right<00:32:55.620> there<00:32:56.279> are<00:32:56.460> very<00:32:56.580> cheap<00:32:56.820> phones<00:32:57.179> if<00:32:57.299> I 00:32:57.470 --> 00:32:57.480 align:start position:0% right there are very cheap phones if I 00:32:57.480 --> 00:32:59.570 align:start position:0% right there are very cheap phones if I talk<00:32:57.659> about<00:32:57.720> Indian<00:32:58.020> rupees<00:32:58.440> it's<00:32:58.620> about<00:32:58.799> what 00:32:59.570 --> 00:32:59.580 align:start position:0% talk about Indian rupees it's about what 00:32:59.580 --> 00:33:02.510 align:start position:0% talk about Indian rupees it's about what six<00:33:00.240> thousand<00:33:00.539> five<00:33:00.720> thousand<00:33:00.960> Indian<00:33:01.200> rupees 00:33:02.510 --> 00:33:02.520 align:start position:0% six thousand five thousand Indian rupees 00:33:02.520 --> 00:33:04.970 align:start position:0% six thousand five thousand Indian rupees um<00:33:02.640> maybe<00:33:03.299> maybe<00:33:03.600> uh<00:33:04.080> seventy<00:33:04.440> dollars<00:33:04.679> eighty 00:33:04.970 --> 00:33:04.980 align:start position:0% um maybe maybe uh seventy dollars eighty 00:33:04.980 --> 00:33:07.370 align:start position:0% um maybe maybe uh seventy dollars eighty dollars<00:33:05.279> so<00:33:05.580> people<00:33:06.360> are<00:33:06.600> buying<00:33:06.960> people<00:33:07.200> are 00:33:07.370 --> 00:33:07.380 align:start position:0% dollars so people are buying people are 00:33:07.380 --> 00:33:08.990 align:start position:0% dollars so people are buying people are buying<00:33:07.679> these<00:33:07.860> smartphones<00:33:08.220> and<00:33:08.640> now<00:33:08.820> they 00:33:08.990 --> 00:33:09.000 align:start position:0% buying these smartphones and now they 00:33:09.000 --> 00:33:10.789 align:start position:0% buying these smartphones and now they are<00:33:09.120> onboarded<00:33:09.539> onto<00:33:09.779> the<00:33:09.899> technology<00:33:10.200> every 00:33:10.789 --> 00:33:10.799 align:start position:0% are onboarded onto the technology every 00:33:10.799 --> 00:33:13.250 align:start position:0% are onboarded onto the technology every single<00:33:11.279> uh<00:33:11.760> every<00:33:12.059> single<00:33:12.360> you<00:33:12.659> know<00:33:12.779> the<00:33:13.080> cart 00:33:13.250 --> 00:33:13.260 align:start position:0% single uh every single you know the cart 00:33:13.260 --> 00:33:16.370 align:start position:0% single uh every single you know the cart roadside<00:33:13.740> cart<00:33:14.039> or<00:33:14.399> vendor<00:33:14.820> or<00:33:15.179> uh<00:33:15.600> or<00:33:15.779> or<00:33:15.779> you 00:33:16.370 --> 00:33:16.380 align:start position:0% roadside cart or vendor or uh or or you 00:33:16.380 --> 00:33:18.409 align:start position:0% roadside cart or vendor or uh or or you know<00:33:16.440> the<00:33:16.620> auto<00:33:16.799> Wallace<00:33:17.279> right<00:33:17.519> the<00:33:17.880> the<00:33:18.059> uh 00:33:18.409 --> 00:33:18.419 align:start position:0% know the auto Wallace right the the uh 00:33:18.419 --> 00:33:20.570 align:start position:0% know the auto Wallace right the the uh the<00:33:18.840> local<00:33:18.899> auto<00:33:19.140> holders<00:33:19.500> everyone<00:33:19.919> has<00:33:20.220> a<00:33:20.340> QR 00:33:20.570 --> 00:33:20.580 align:start position:0% the local auto holders everyone has a QR 00:33:20.580 --> 00:33:22.070 align:start position:0% the local auto holders everyone has a QR code<00:33:20.760> you<00:33:20.940> can<00:33:21.059> just<00:33:21.179> scan<00:33:21.480> it<00:33:21.600> and<00:33:21.779> pay<00:33:21.960> it 00:33:22.070 --> 00:33:22.080 align:start position:0% code you can just scan it and pay it 00:33:22.080 --> 00:33:24.950 align:start position:0% code you can just scan it and pay it it's<00:33:22.440> not<00:33:22.679> just<00:33:22.980> us<00:33:23.279> paying<00:33:23.880> via<00:33:24.360> QR<00:33:24.840> code 00:33:24.950 --> 00:33:24.960 align:start position:0% it's not just us paying via QR code 00:33:24.960 --> 00:33:27.950 align:start position:0% it's not just us paying via QR code anymore<00:33:25.260> it's<00:33:26.159> almost<00:33:26.580> everyone<00:33:27.419> paying<00:33:27.840> my 00:33:27.950 --> 00:33:27.960 align:start position:0% anymore it's almost everyone paying my 00:33:27.960 --> 00:33:29.570 align:start position:0% anymore it's almost everyone paying my keyword<00:33:28.320> has<00:33:28.500> started<00:33:28.740> paying<00:33:28.980> my<00:33:29.100> QR<00:33:29.460> code 00:33:29.570 --> 00:33:29.580 align:start position:0% keyword has started paying my QR code 00:33:29.580 --> 00:33:32.029 align:start position:0% keyword has started paying my QR code that<00:33:30.299> helps<00:33:30.600> us<00:33:30.720> that<00:33:31.260> acts<00:33:31.559> as<00:33:31.620> a<00:33:31.740> Tailwind 00:33:32.029 --> 00:33:32.039 align:start position:0% that helps us that acts as a Tailwind 00:33:32.039 --> 00:33:33.710 align:start position:0% that helps us that acts as a Tailwind for<00:33:32.220> us<00:33:32.399> because<00:33:32.580> they<00:33:32.880> already<00:33:33.059> have<00:33:33.539> been 00:33:33.710 --> 00:33:33.720 align:start position:0% for us because they already have been 00:33:33.720 --> 00:33:35.389 align:start position:0% for us because they already have been using<00:33:34.019> the<00:33:34.140> phones<00:33:34.440> we<00:33:34.740> just<00:33:34.919> say<00:33:35.039> that<00:33:35.220> okay 00:33:35.389 --> 00:33:35.399 align:start position:0% using the phones we just say that okay 00:33:35.399 --> 00:33:37.549 align:start position:0% using the phones we just say that okay let<00:33:36.000> me<00:33:36.120> let<00:33:36.299> me<00:33:36.480> open<00:33:36.659> an<00:33:36.899> app<00:33:37.019> in<00:33:37.200> your<00:33:37.320> phone 00:33:37.549 --> 00:33:37.559 align:start position:0% let me let me open an app in your phone 00:33:37.559 --> 00:33:40.009 align:start position:0% let me let me open an app in your phone and<00:33:38.100> that's<00:33:38.220> it<00:33:38.460> now<00:33:39.179> start<00:33:39.419> using<00:33:39.720> this<00:33:39.899> app 00:33:40.009 --> 00:33:40.019 align:start position:0% and that's it now start using this app 00:33:40.019 --> 00:33:42.350 align:start position:0% and that's it now start using this app for<00:33:40.380> this<00:33:40.740> part<00:33:41.279> of<00:33:41.460> your<00:33:41.580> life<00:33:41.760> and<00:33:42.000> and<00:33:42.179> you 00:33:42.350 --> 00:33:42.360 align:start position:0% for this part of your life and and you 00:33:42.360 --> 00:33:44.149 align:start position:0% for this part of your life and and you it'll<00:33:42.899> all<00:33:42.960> be<00:33:43.140> solved<00:33:43.440> and<00:33:43.799> then<00:33:43.919> they're 00:33:44.149 --> 00:33:44.159 align:start position:0% it'll all be solved and then they're 00:33:44.159 --> 00:33:45.889 align:start position:0% it'll all be solved and then they're very<00:33:44.399> looking<00:33:44.760> forward<00:33:45.000> to<00:33:45.179> that<00:33:45.360> so<00:33:45.539> that<00:33:45.779> has 00:33:45.889 --> 00:33:45.899 align:start position:0% very looking forward to that so that has 00:33:45.899 --> 00:33:47.509 align:start position:0% very looking forward to that so that has helped<00:33:46.200> us<00:33:46.320> a<00:33:46.440> lot<00:33:46.559> in<00:33:46.799> a<00:33:46.919> country<00:33:46.980> like<00:33:47.220> India 00:33:47.509 --> 00:33:47.519 align:start position:0% helped us a lot in a country like India 00:33:47.519 --> 00:33:49.370 align:start position:0% helped us a lot in a country like India when<00:33:47.880> we<00:33:48.000> are<00:33:48.120> going<00:33:48.240> outside<00:33:48.419> we'll<00:33:48.779> see<00:33:48.960> you 00:33:49.370 --> 00:33:49.380 align:start position:0% when we are going outside we'll see you 00:33:49.380 --> 00:33:50.570 align:start position:0% when we are going outside we'll see you know<00:33:49.500> what<00:33:49.679> what<00:33:49.860> other<00:33:50.100> countries<00:33:50.340> use<00:33:50.460> so 00:33:50.570 --> 00:33:50.580 align:start position:0% know what what other countries use so 00:33:50.580 --> 00:33:52.130 align:start position:0% know what what other countries use so we'll<00:33:50.640> have<00:33:50.700> to<00:33:50.760> to<00:33:51.120> adapt<00:33:51.360> to<00:33:51.480> that<00:33:51.659> yeah 00:33:52.130 --> 00:33:52.140 align:start position:0% we'll have to to adapt to that yeah 00:33:52.140 --> 00:33:54.289 align:start position:0% we'll have to to adapt to that yeah maybe<00:33:52.380> to<00:33:52.620> contribute<00:33:53.100> to<00:33:53.340> the<00:33:53.820> user 00:33:54.289 --> 00:33:54.299 align:start position:0% maybe to contribute to the user 00:33:54.299 --> 00:33:57.289 align:start position:0% maybe to contribute to the user interface<00:33:54.720> to<00:33:55.679> onboard<00:33:56.039> more<00:33:56.220> Farmers<00:33:56.700> so 00:33:57.289 --> 00:33:57.299 align:start position:0% interface to onboard more Farmers so 00:33:57.299 --> 00:33:59.389 align:start position:0% interface to onboard more Farmers so it's<00:33:57.720> a<00:33:57.899> combination<00:33:58.260> of<00:33:58.500> the<00:33:58.679> user<00:33:58.980> interface 00:33:59.389 --> 00:33:59.399 align:start position:0% it's a combination of the user interface 00:33:59.399 --> 00:34:02.630 align:start position:0% it's a combination of the user interface and<00:34:00.000> user<00:34:00.419> experience<00:34:00.779> casing<00:34:01.500> point<00:34:01.679> in<00:34:02.100> one 00:34:02.630 --> 00:34:02.640 align:start position:0% and user experience casing point in one 00:34:02.640 --> 00:34:05.350 align:start position:0% and user experience casing point in one of<00:34:02.760> the<00:34:02.820> example<00:34:03.299> in<00:34:04.260> selling<00:34:04.860> Insurance 00:34:05.350 --> 00:34:05.360 align:start position:0% of the example in selling Insurance 00:34:05.360 --> 00:34:08.570 align:start position:0% of the example in selling Insurance initially<00:34:06.360> selling<00:34:06.840> Insurance<00:34:07.339> the<00:34:08.339> agent 00:34:08.570 --> 00:34:08.580 align:start position:0% initially selling Insurance the agent 00:34:08.580 --> 00:34:11.810 align:start position:0% initially selling Insurance the agent would<00:34:08.760> work<00:34:08.940> with<00:34:09.119> a<00:34:09.560> folder<00:34:10.560> with<00:34:10.800> forms<00:34:11.280> you 00:34:11.810 --> 00:34:11.820 align:start position:0% would work with a folder with forms you 00:34:11.820 --> 00:34:13.129 align:start position:0% would work with a folder with forms you would<00:34:12.000> fill<00:34:12.179> in<00:34:12.359> the<00:34:12.540> form<00:34:12.659> of<00:34:12.839> feeling 00:34:13.129 --> 00:34:13.139 align:start position:0% would fill in the form of feeling 00:34:13.139 --> 00:34:16.790 align:start position:0% would fill in the form of feeling feeling<00:34:13.500> Mass<00:34:14.040> signed<00:34:14.520> Etc<00:34:14.760> so<00:34:15.480> bring<00:34:16.379> in<00:34:16.619> a 00:34:16.790 --> 00:34:16.800 align:start position:0% feeling Mass signed Etc so bring in a 00:34:16.800 --> 00:34:19.070 align:start position:0% feeling Mass signed Etc so bring in a user<00:34:17.099> interface<00:34:17.580> that<00:34:18.179> that<00:34:18.659> is<00:34:18.899> almost 00:34:19.070 --> 00:34:19.080 align:start position:0% user interface that that is almost 00:34:19.080 --> 00:34:21.290 align:start position:0% user interface that that is almost similar<00:34:19.560> so<00:34:19.679> we<00:34:19.859> started<00:34:20.220> with<00:34:20.520> scratch<00:34:20.879> cards 00:34:21.290 --> 00:34:21.300 align:start position:0% similar so we started with scratch cards 00:34:21.300 --> 00:34:24.050 align:start position:0% similar so we started with scratch cards so<00:34:21.599> a<00:34:21.780> scratch<00:34:22.080> card<00:34:22.260> that<00:34:22.879> they<00:34:23.879> would 00:34:24.050 --> 00:34:24.060 align:start position:0% so a scratch card that they would 00:34:24.060 --> 00:34:26.930 align:start position:0% so a scratch card that they would scratch<00:34:24.720> reveal<00:34:25.560> a<00:34:25.740> certain<00:34:25.859> number<00:34:26.220> and<00:34:26.820> then 00:34:26.930 --> 00:34:26.940 align:start position:0% scratch reveal a certain number and then 00:34:26.940 --> 00:34:29.750 align:start position:0% scratch reveal a certain number and then now<00:34:27.119> use<00:34:27.300> the<00:34:27.540> phone<00:34:27.780> the<00:34:28.379> ussd<00:34:28.980> to<00:34:29.220> send<00:34:29.399> that 00:34:29.750 --> 00:34:29.760 align:start position:0% now use the phone the ussd to send that 00:34:29.760 --> 00:34:32.030 align:start position:0% now use the phone the ussd to send that number<00:34:30.000> and<00:34:30.659> automatically<00:34:31.320> that's<00:34:31.679> how<00:34:31.859> they 00:34:32.030 --> 00:34:32.040 align:start position:0% number and automatically that's how they 00:34:32.040 --> 00:34:34.070 align:start position:0% number and automatically that's how they were<00:34:32.159> on<00:34:32.280> boarded<00:34:32.639> into<00:34:32.760> insurance<00:34:33.080> we 00:34:34.070 --> 00:34:34.080 align:start position:0% were on boarded into insurance we 00:34:34.080 --> 00:34:36.169 align:start position:0% were on boarded into insurance we collect<00:34:34.619> now<00:34:34.800> information<00:34:35.099> in<00:34:35.820> that<00:34:35.940> way 00:34:36.169 --> 00:34:36.179 align:start position:0% collect now information in that way 00:34:36.179 --> 00:34:38.869 align:start position:0% collect now information in that way technologically<00:34:36.899> wise<00:34:37.320> using<00:34:38.220> triangulation 00:34:38.869 --> 00:34:38.879 align:start position:0% technologically wise using triangulation 00:34:38.879 --> 00:34:40.909 align:start position:0% technologically wise using triangulation with<00:34:39.300> you<00:34:39.780> leave<00:34:39.960> them<00:34:40.139> behind<00:34:40.379> with<00:34:40.619> a<00:34:40.740> card 00:34:40.909 --> 00:34:40.919 align:start position:0% with you leave them behind with a card 00:34:40.919 --> 00:34:42.530 align:start position:0% with you leave them behind with a card and<00:34:41.099> they'll<00:34:41.339> say<00:34:41.520> oh<00:34:41.700> this<00:34:42.119> is<00:34:42.179> my<00:34:42.419> insurance 00:34:42.530 --> 00:34:42.540 align:start position:0% and they'll say oh this is my insurance 00:34:42.540 --> 00:34:45.109 align:start position:0% and they'll say oh this is my insurance the<00:34:43.080> card<00:34:43.320> but<00:34:43.859> actually<00:34:44.099> the<00:34:44.399> insurance<00:34:44.760> is 00:34:45.109 --> 00:34:45.119 align:start position:0% the card but actually the insurance is 00:34:45.119 --> 00:34:49.010 align:start position:0% the card but actually the insurance is something<00:34:45.480> you<00:34:46.139> cannot<00:34:46.500> touch<00:34:46.679> but<00:34:47.460> if<00:34:48.020> such 00:34:49.010 --> 00:34:49.020 align:start position:0% something you cannot touch but if such 00:34:49.020 --> 00:34:51.649 align:start position:0% something you cannot touch but if such people<00:34:49.320> now<00:34:49.560> over<00:34:49.800> time<00:34:50.040> are<00:34:50.399> able<00:34:50.580> to<00:34:50.700> dialed 00:34:51.649 --> 00:34:51.659 align:start position:0% people now over time are able to dialed 00:34:51.659 --> 00:34:54.770 align:start position:0% people now over time are able to dialed the<00:34:51.720> ussd<00:34:52.260> code<00:34:52.440> without<00:34:52.740> having<00:34:53.580> to<00:34:54.119> scratch 00:34:54.770 --> 00:34:54.780 align:start position:0% the ussd code without having to scratch 00:34:54.780 --> 00:34:56.510 align:start position:0% the ussd code without having to scratch a<00:34:54.899> card<00:34:55.080> or<00:34:55.260> remain<00:34:55.560> in<00:34:55.679> something<00:34:55.919> since 00:34:56.510 --> 00:34:56.520 align:start position:0% a card or remain in something since 00:34:56.520 --> 00:34:58.310 align:start position:0% a card or remain in something since they've<00:34:57.000> trusted<00:34:57.420> the<00:34:57.599> process<00:34:57.839> so<00:34:58.140> that 00:34:58.310 --> 00:34:58.320 align:start position:0% they've trusted the process so that 00:34:58.320 --> 00:35:00.589 align:start position:0% they've trusted the process so that Journey<00:34:58.740> has<00:34:59.339> to<00:34:59.520> start<00:34:59.760> somewhere<00:35:00.180> slowly 00:35:00.589 --> 00:35:00.599 align:start position:0% Journey has to start somewhere slowly 00:35:00.599 --> 00:35:02.750 align:start position:0% Journey has to start somewhere slowly bring<00:35:00.839> them<00:35:01.020> in<00:35:01.260> and<00:35:01.619> build<00:35:01.800> that<00:35:02.040> so<00:35:02.280> we<00:35:02.520> see 00:35:02.750 --> 00:35:02.760 align:start position:0% bring them in and build that so we see 00:35:02.760 --> 00:35:05.450 align:start position:0% bring them in and build that so we see the<00:35:03.119> the<00:35:03.359> Need<00:35:03.660> For<00:35:03.960> You<00:35:04.619> user<00:35:05.099> experience 00:35:05.450 --> 00:35:05.460 align:start position:0% the the Need For You user experience 00:35:05.460 --> 00:35:07.550 align:start position:0% the the Need For You user experience that<00:35:05.880> is<00:35:06.060> well<00:35:06.420> thought<00:35:06.599> out<00:35:06.839> yeah<00:35:07.140> just<00:35:07.500> to 00:35:07.550 --> 00:35:07.560 align:start position:0% that is well thought out yeah just to 00:35:07.560 --> 00:35:09.050 align:start position:0% that is well thought out yeah just to add<00:35:07.740> to<00:35:07.920> that<00:35:08.040> I<00:35:08.220> mean<00:35:08.339> you're<00:35:08.520> solving<00:35:08.940> the 00:35:09.050 --> 00:35:09.060 align:start position:0% add to that I mean you're solving the 00:35:09.060 --> 00:35:11.030 align:start position:0% add to that I mean you're solving the insurance<00:35:09.180> problem<00:35:09.540> honestly<00:35:10.079> so<00:35:10.680> I've<00:35:10.920> tried 00:35:11.030 --> 00:35:11.040 align:start position:0% insurance problem honestly so I've tried 00:35:11.040 --> 00:35:12.349 align:start position:0% insurance problem honestly so I've tried selling<00:35:11.400> Insurance<00:35:11.520> before<00:35:11.940> so<00:35:12.180> before 00:35:12.349 --> 00:35:12.359 align:start position:0% selling Insurance before so before 00:35:12.359 --> 00:35:14.329 align:start position:0% selling Insurance before so before starting<00:35:12.839> this<00:35:13.140> organization<00:35:13.619> I<00:35:13.980> was<00:35:14.099> with 00:35:14.329 --> 00:35:14.339 align:start position:0% starting this organization I was with 00:35:14.339 --> 00:35:16.010 align:start position:0% starting this organization I was with with<00:35:14.579> a<00:35:14.820> company<00:35:15.000> called<00:35:15.300> policy<00:35:15.599> Bazaar 00:35:16.010 --> 00:35:16.020 align:start position:0% with a company called policy Bazaar 00:35:16.020 --> 00:35:17.810 align:start position:0% with a company called policy Bazaar which<00:35:16.140> sells<00:35:16.740> which<00:35:16.980> is<00:35:17.040> an<00:35:17.220> Indian<00:35:17.339> unicorn 00:35:17.810 --> 00:35:17.820 align:start position:0% which sells which is an Indian unicorn 00:35:17.820 --> 00:35:19.849 align:start position:0% which sells which is an Indian unicorn sells<00:35:18.180> Insurance<00:35:18.300> even<00:35:19.260> selling<00:35:19.619> Insurance 00:35:19.849 --> 00:35:19.859 align:start position:0% sells Insurance even selling Insurance 00:35:19.859 --> 00:35:22.790 align:start position:0% sells Insurance even selling Insurance in<00:35:20.579> an<00:35:20.700> automated<00:35:21.000> way<00:35:21.359> to<00:35:21.900> Urban<00:35:22.200> people<00:35:22.560> to 00:35:22.790 --> 00:35:22.800 align:start position:0% in an automated way to Urban people to 00:35:22.800 --> 00:35:25.190 align:start position:0% in an automated way to Urban people to educated<00:35:23.099> people<00:35:23.339> is<00:35:23.640> a<00:35:23.760> difficult<00:35:24.000> task<00:35:24.660> so 00:35:25.190 --> 00:35:25.200 align:start position:0% educated people is a difficult task so 00:35:25.200 --> 00:35:27.170 align:start position:0% educated people is a difficult task so with<00:35:25.440> Farmers<00:35:25.920> I'm<00:35:26.220> pretty<00:35:26.460> sure<00:35:26.640> it's<00:35:26.820> a 00:35:27.170 --> 00:35:27.180 align:start position:0% with Farmers I'm pretty sure it's a 00:35:27.180 --> 00:35:28.790 align:start position:0% with Farmers I'm pretty sure it's a daunting<00:35:27.420> task<00:35:27.720> but<00:35:27.960> if<00:35:28.140> it's<00:35:28.320> getting<00:35:28.500> solved 00:35:28.790 --> 00:35:28.800 align:start position:0% daunting task but if it's getting solved 00:35:28.800 --> 00:35:30.050 align:start position:0% daunting task but if it's getting solved and<00:35:28.920> I<00:35:29.040> think<00:35:29.160> the<00:35:29.280> farmers<00:35:29.579> are<00:35:29.700> really 00:35:30.050 --> 00:35:30.060 align:start position:0% and I think the farmers are really 00:35:30.060 --> 00:35:31.609 align:start position:0% and I think the farmers are really getting<00:35:30.300> a<00:35:30.480> good<00:35:30.599> service 00:35:31.609 --> 00:35:31.619 align:start position:0% getting a good service 00:35:31.619 --> 00:35:35.089 align:start position:0% getting a good service I<00:35:32.220> I<00:35:32.280> just<00:35:32.760> uh<00:35:33.240> one<00:35:33.960> question<00:35:34.260> to<00:35:34.680> all<00:35:34.800> of<00:35:34.920> you 00:35:35.089 --> 00:35:35.099 align:start position:0% I I just uh one question to all of you 00:35:35.099 --> 00:35:37.849 align:start position:0% I I just uh one question to all of you like<00:35:35.640> you<00:35:36.180> mentioned<00:35:36.540> how<00:35:36.960> much<00:35:37.200> time<00:35:37.500> did 00:35:37.849 --> 00:35:37.859 align:start position:0% like you mentioned how much time did 00:35:37.859 --> 00:35:41.270 align:start position:0% like you mentioned how much time did they<00:35:38.099> actually<00:35:38.339> like<00:35:39.240> spent<00:35:39.800> spend<00:35:40.800> to<00:35:40.980> get<00:35:41.099> a 00:35:41.270 --> 00:35:41.280 align:start position:0% they actually like spent spend to get a 00:35:41.280 --> 00:35:43.730 align:start position:0% they actually like spent spend to get a loan<00:35:41.520> yeah<00:35:41.940> how<00:35:42.359> much<00:35:42.540> time<00:35:42.780> is<00:35:42.960> it<00:35:43.079> earlier<00:35:43.619> it 00:35:43.730 --> 00:35:43.740 align:start position:0% loan yeah how much time is it earlier it 00:35:43.740 --> 00:35:45.950 align:start position:0% loan yeah how much time is it earlier it was<00:35:43.859> 13<00:35:43.980> to<00:35:44.220> 15<00:35:44.400> days<00:35:44.700> now<00:35:45.000> it's<00:35:45.180> 10<00:35:45.720> to<00:35:45.839> 15 00:35:45.950 --> 00:35:45.960 align:start position:0% was 13 to 15 days now it's 10 to 15 00:35:45.960 --> 00:35:47.450 align:start position:0% was 13 to 15 days now it's 10 to 15 minutes<00:35:46.200> which<00:35:46.380> is<00:35:46.500> like<00:35:46.619> real<00:35:46.800> time<00:35:46.980> perfect 00:35:47.450 --> 00:35:47.460 align:start position:0% minutes which is like real time perfect 00:35:47.460 --> 00:35:50.690 align:start position:0% minutes which is like real time perfect so<00:35:48.060> what<00:35:48.300> about<00:35:48.420> Guatemala<00:35:49.200> yeah<00:35:50.040> so<00:35:50.160> I<00:35:50.400> was<00:35:50.520> uh 00:35:50.690 --> 00:35:50.700 align:start position:0% so what about Guatemala yeah so I was uh 00:35:50.700 --> 00:35:52.849 align:start position:0% so what about Guatemala yeah so I was uh I<00:35:50.940> met<00:35:51.060> some<00:35:51.599> we<00:35:51.780> held<00:35:52.260> a<00:35:52.260> side<00:35:52.440> event<00:35:52.619> the 00:35:52.849 --> 00:35:52.859 align:start position:0% I met some we held a side event the 00:35:52.859 --> 00:35:54.230 align:start position:0% I met some we held a side event the other<00:35:52.920> day<00:35:53.040> and<00:35:53.220> I<00:35:53.460> mentioned<00:35:53.700> this<00:35:53.820> anecdote 00:35:54.230 --> 00:35:54.240 align:start position:0% other day and I mentioned this anecdote 00:35:54.240 --> 00:35:55.970 align:start position:0% other day and I mentioned this anecdote earlier<00:35:54.599> but<00:35:54.900> I<00:35:55.320> was<00:35:55.380> sitting<00:35:55.619> at<00:35:55.680> the<00:35:55.800> dinner 00:35:55.970 --> 00:35:55.980 align:start position:0% earlier but I was sitting at the dinner 00:35:55.980 --> 00:35:57.230 align:start position:0% earlier but I was sitting at the dinner table<00:35:56.160> with<00:35:56.339> my<00:35:56.520> dad<00:35:56.640> and<00:35:56.820> we<00:35:56.940> were<00:35:57.119> talking 00:35:57.230 --> 00:35:57.240 align:start position:0% table with my dad and we were talking 00:35:57.240 --> 00:35:59.390 align:start position:0% table with my dad and we were talking about<00:35:57.480> you<00:35:57.960> know<00:35:58.020> I<00:35:58.560> think<00:35:58.680> he's<00:35:58.859> yet<00:35:59.220> to 00:35:59.390 --> 00:35:59.400 align:start position:0% about you know I think he's yet to 00:35:59.400 --> 00:36:01.849 align:start position:0% about you know I think he's yet to become<00:35:59.760> a<00:35:59.880> full<00:36:00.060> on<00:36:00.480> sort<00:36:00.720> of<00:36:00.839> crypto<00:36:01.200> convert 00:36:01.849 --> 00:36:01.859 align:start position:0% become a full on sort of crypto convert 00:36:01.859 --> 00:36:04.130 align:start position:0% become a full on sort of crypto convert um<00:36:01.920> we're<00:36:02.099> working<00:36:02.280> on<00:36:02.460> it<00:36:02.579> but<00:36:02.880> you<00:36:03.480> he<00:36:03.720> was<00:36:03.900> we 00:36:04.130 --> 00:36:04.140 align:start position:0% um we're working on it but you he was we 00:36:04.140 --> 00:36:05.390 align:start position:0% um we're working on it but you he was we were<00:36:04.320> sitting<00:36:04.500> at<00:36:04.740> the<00:36:04.859> dinner<00:36:04.980> table<00:36:05.160> I<00:36:05.339> was 00:36:05.390 --> 00:36:05.400 align:start position:0% were sitting at the dinner table I was 00:36:05.400 --> 00:36:07.670 align:start position:0% were sitting at the dinner table I was like<00:36:05.460> hey<00:36:05.700> let's<00:36:06.540> both<00:36:06.780> sit<00:36:07.260> down<00:36:07.380> on<00:36:07.500> our 00:36:07.670 --> 00:36:07.680 align:start position:0% like hey let's both sit down on our 00:36:07.680 --> 00:36:08.930 align:start position:0% like hey let's both sit down on our phones<00:36:07.859> and<00:36:08.040> try<00:36:08.160> and<00:36:08.280> get<00:36:08.339> a<00:36:08.520> let's<00:36:08.640> try<00:36:08.880> and 00:36:08.930 --> 00:36:08.940 align:start position:0% phones and try and get a let's try and 00:36:08.940 --> 00:36:12.109 align:start position:0% phones and try and get a let's try and get<00:36:09.060> a<00:36:09.180> loan<00:36:09.420> so<00:36:10.079> he<00:36:10.500> went<00:36:10.680> on<00:36:11.040> his<00:36:11.220> like<00:36:11.579> mobile 00:36:12.109 --> 00:36:12.119 align:start position:0% get a loan so he went on his like mobile 00:36:12.119 --> 00:36:13.849 align:start position:0% get a loan so he went on his like mobile banking<00:36:12.540> app<00:36:12.720> had<00:36:13.200> to<00:36:13.380> fill<00:36:13.440> out<00:36:13.560> like<00:36:13.740> a 00:36:13.849 --> 00:36:13.859 align:start position:0% banking app had to fill out like a 00:36:13.859 --> 00:36:16.490 align:start position:0% banking app had to fill out like a 20-minute<00:36:14.460> survey<00:36:15.200> input<00:36:16.200> all<00:36:16.320> these 00:36:16.490 --> 00:36:16.500 align:start position:0% 20-minute survey input all these 00:36:16.500 --> 00:36:17.990 align:start position:0% 20-minute survey input all these different<00:36:16.619> things<00:36:16.859> and<00:36:17.579> he's<00:36:17.700> like<00:36:17.880> oh 00:36:17.990 --> 00:36:18.000 align:start position:0% different things and he's like oh 00:36:18.000 --> 00:36:20.329 align:start position:0% different things and he's like oh they'll<00:36:18.300> get<00:36:18.540> back<00:36:18.599> to<00:36:18.720> me<00:36:18.839> in<00:36:18.960> two<00:36:19.079> weeks 00:36:20.329 --> 00:36:20.339 align:start position:0% they'll get back to me in two weeks 00:36:20.339 --> 00:36:21.290 align:start position:0% they'll get back to me in two weeks um 00:36:21.290 --> 00:36:21.300 align:start position:0% um 00:36:21.300 --> 00:36:24.290 align:start position:0% um I<00:36:21.839> went<00:36:21.960> on<00:36:22.140> Ave<00:36:22.339> put<00:36:23.339> up<00:36:23.520> a<00:36:23.820> you<00:36:24.060> know<00:36:24.180> over 00:36:24.290 --> 00:36:24.300 align:start position:0% I went on Ave put up a you know over 00:36:24.300 --> 00:36:26.450 align:start position:0% I went on Ave put up a you know over collateralized<00:36:24.839> loan<00:36:25.200> done<00:36:25.800> in<00:36:25.980> five<00:36:26.220> seconds 00:36:26.450 --> 00:36:26.460 align:start position:0% collateralized loan done in five seconds 00:36:26.460 --> 00:36:28.670 align:start position:0% collateralized loan done in five seconds right<00:36:27.000> and<00:36:27.599> I<00:36:27.660> was<00:36:27.780> like<00:36:27.900> check<00:36:28.140> it<00:36:28.260> out<00:36:28.380> here's 00:36:28.670 --> 00:36:28.680 align:start position:0% right and I was like check it out here's 00:36:28.680 --> 00:36:29.870 align:start position:0% right and I was like check it out here's my<00:36:28.800> here's<00:36:29.099> my<00:36:29.160> money 00:36:29.870 --> 00:36:29.880 align:start position:0% my here's my money 00:36:29.880 --> 00:36:31.790 align:start position:0% my here's my money um<00:36:29.940> and<00:36:30.240> and<00:36:30.420> so<00:36:30.660> I<00:36:30.780> think<00:36:30.960> you<00:36:31.260> know<00:36:31.320> literally 00:36:31.790 --> 00:36:31.800 align:start position:0% um and and so I think you know literally 00:36:31.800 --> 00:36:33.290 align:start position:0% um and and so I think you know literally in<00:36:32.040> Guatemala<00:36:32.640> could<00:36:32.760> take<00:36:32.940> a<00:36:33.119> number<00:36:33.180> of 00:36:33.290 --> 00:36:33.300 align:start position:0% in Guatemala could take a number of 00:36:33.300 --> 00:36:34.910 align:start position:0% in Guatemala could take a number of weeks<00:36:33.540> to<00:36:33.660> get<00:36:33.780> a<00:36:33.900> loan<00:36:34.079> and<00:36:34.560> that's<00:36:34.619> the<00:36:34.800> magic 00:36:34.910 --> 00:36:34.920 align:start position:0% weeks to get a loan and that's the magic 00:36:34.920 --> 00:36:36.109 align:start position:0% weeks to get a loan and that's the magic of<00:36:35.160> this<00:36:35.280> right<00:36:35.460> and<00:36:35.579> that's<00:36:35.820> sort<00:36:36.000> of<00:36:36.060> a 00:36:36.109 --> 00:36:36.119 align:start position:0% of this right and that's sort of a 00:36:36.119 --> 00:36:37.550 align:start position:0% of this right and that's sort of a little<00:36:36.240> bit<00:36:36.300> of<00:36:36.420> what<00:36:36.540> the<00:36:36.599> Yankee<00:36:37.020> shows<00:36:37.440> is 00:36:37.550 --> 00:36:37.560 align:start position:0% little bit of what the Yankee shows is 00:36:37.560 --> 00:36:39.589 align:start position:0% little bit of what the Yankee shows is in<00:36:37.740> a<00:36:37.800> matter<00:36:37.980> of<00:36:38.099> seconds<00:36:38.280> right<00:36:38.820> same<00:36:39.359> in 00:36:39.589 --> 00:36:39.599 align:start position:0% in a matter of seconds right same in 00:36:39.599 --> 00:36:41.329 align:start position:0% in a matter of seconds right same in Mexico 00:36:41.329 --> 00:36:41.339 align:start position:0% Mexico 00:36:41.339 --> 00:36:43.370 align:start position:0% Mexico in<00:36:41.820> Kenya<00:36:42.180> because<00:36:42.359> of<00:36:42.599> the<00:36:42.839> mobile<00:36:43.020> money 00:36:43.370 --> 00:36:43.380 align:start position:0% in Kenya because of the mobile money 00:36:43.380 --> 00:36:46.670 align:start position:0% in Kenya because of the mobile money wallet<00:36:43.920> you<00:36:44.640> can<00:36:44.760> get<00:36:44.940> a<00:36:45.240> loan<00:36:45.420> instantly<00:36:45.960> but 00:36:46.670 --> 00:36:46.680 align:start position:0% wallet you can get a loan instantly but 00:36:46.680 --> 00:36:49.370 align:start position:0% wallet you can get a loan instantly but now<00:36:46.920> you<00:36:47.220> pay<00:36:47.460> heavily<00:36:48.060> by<00:36:48.839> the<00:36:49.020> time<00:36:49.200> you 00:36:49.370 --> 00:36:49.380 align:start position:0% now you pay heavily by the time you 00:36:49.380 --> 00:36:52.430 align:start position:0% now you pay heavily by the time you calculate<00:36:49.800> is<00:36:49.980> over<00:36:50.300> 120<00:36:51.300> percent<00:36:51.540> interest 00:36:52.430 --> 00:36:52.440 align:start position:0% calculate is over 120 percent interest 00:36:52.440 --> 00:36:55.010 align:start position:0% calculate is over 120 percent interest so<00:36:53.280> yeah 00:36:55.010 --> 00:36:55.020 align:start position:0% so yeah 00:36:55.020 --> 00:36:57.109 align:start position:0% so yeah that's<00:36:55.740> that's<00:36:56.160> really<00:36:56.460> common<00:36:56.700> by<00:36:57.000> the<00:36:57.060> way 00:36:57.109 --> 00:36:57.119 align:start position:0% that's that's really common by the way 00:36:57.119 --> 00:36:58.609 align:start position:0% that's that's really common by the way for<00:36:57.359> those<00:36:57.420> of<00:36:57.599> you<00:36:57.660> that<00:36:57.839> are<00:36:57.960> surprised<00:36:58.320> in 00:36:58.609 --> 00:36:58.619 align:start position:0% for those of you that are surprised in 00:36:58.619 --> 00:37:00.650 align:start position:0% for those of you that are surprised in in<00:36:58.800> emerging<00:36:59.160> economies<00:36:59.579> or<00:37:00.060> this<00:37:00.359> is<00:37:00.480> a 00:37:00.650 --> 00:37:00.660 align:start position:0% in emerging economies or this is a 00:37:00.660 --> 00:37:03.530 align:start position:0% in emerging economies or this is a normal<00:37:00.780> uh<00:37:01.440> interest<00:37:01.680> rate<00:37:02.040> yes<00:37:02.520> yeah<00:37:03.180> I<00:37:03.420> mean 00:37:03.530 --> 00:37:03.540 align:start position:0% normal uh interest rate yes yeah I mean 00:37:03.540 --> 00:37:05.510 align:start position:0% normal uh interest rate yes yeah I mean you<00:37:03.660> can<00:37:03.780> pay<00:37:03.960> like<00:37:04.320> you<00:37:04.800> know<00:37:04.920> it's<00:37:05.099> bad<00:37:05.280> when 00:37:05.510 --> 00:37:05.520 align:start position:0% you can pay like you know it's bad when 00:37:05.520 --> 00:37:07.310 align:start position:0% you can pay like you know it's bad when the<00:37:05.700> interest<00:37:05.760> rate<00:37:06.060> is<00:37:06.300> posted<00:37:06.660> daily<00:37:06.900> and 00:37:07.310 --> 00:37:07.320 align:start position:0% the interest rate is posted daily and 00:37:07.320 --> 00:37:09.589 align:start position:0% the interest rate is posted daily and it's<00:37:07.500> like<00:37:07.740> two<00:37:07.920> percent<00:37:08.099> daily 00:37:09.589 --> 00:37:09.599 align:start position:0% it's like two percent daily 00:37:09.599 --> 00:37:12.230 align:start position:0% it's like two percent daily um<00:37:09.720> so<00:37:10.320> yeah<00:37:10.560> this<00:37:10.740> is<00:37:10.859> the<00:37:11.160> reality<00:37:11.520> of<00:37:11.880> of<00:37:12.000> the 00:37:12.230 --> 00:37:12.240 align:start position:0% um so yeah this is the reality of of the 00:37:12.240 --> 00:37:13.430 align:start position:0% um so yeah this is the reality of of the countries<00:37:12.480> that<00:37:12.720> you<00:37:12.839> know<00:37:12.960> we're<00:37:13.079> in<00:37:13.260> and 00:37:13.430 --> 00:37:13.440 align:start position:0% countries that you know we're in and 00:37:13.440 --> 00:37:15.770 align:start position:0% countries that you know we're in and this<00:37:13.680> is<00:37:13.800> what<00:37:14.339> D5<00:37:14.820> is<00:37:15.060> here<00:37:15.180> to<00:37:15.300> disrupt<00:37:15.660> and 00:37:15.770 --> 00:37:15.780 align:start position:0% this is what D5 is here to disrupt and 00:37:15.780 --> 00:37:17.210 align:start position:0% this is what D5 is here to disrupt and promise<00:37:16.079> right<00:37:16.320> when<00:37:16.619> you<00:37:16.740> think<00:37:16.859> about<00:37:16.980> the 00:37:17.210 --> 00:37:17.220 align:start position:0% promise right when you think about the 00:37:17.220 --> 00:37:19.670 align:start position:0% promise right when you think about the fact<00:37:17.280> that<00:37:17.460> you<00:37:17.640> can<00:37:17.700> take<00:37:17.880> out<00:37:18.119> a<00:37:18.420> loan<00:37:18.660> on<00:37:19.380> D5 00:37:19.670 --> 00:37:19.680 align:start position:0% fact that you can take out a loan on D5 00:37:19.680 --> 00:37:21.109 align:start position:0% fact that you can take out a loan on D5 for<00:37:19.980> you<00:37:20.220> know<00:37:20.280> three<00:37:20.579> five<00:37:20.880> percent 00:37:21.109 --> 00:37:21.119 align:start position:0% for you know three five percent 00:37:21.119 --> 00:37:22.670 align:start position:0% for you know three five percent obviously<00:37:22.079> there's<00:37:22.260> a<00:37:22.380> lot<00:37:22.440> of<00:37:22.560> questions 00:37:22.670 --> 00:37:22.680 align:start position:0% obviously there's a lot of questions 00:37:22.680 --> 00:37:24.589 align:start position:0% obviously there's a lot of questions here<00:37:23.040> around<00:37:23.280> the<00:37:23.579> collateral<00:37:24.240> et<00:37:24.240> cetera<00:37:24.599> et 00:37:24.589 --> 00:37:24.599 align:start position:0% here around the collateral et cetera et 00:37:24.599 --> 00:37:25.430 align:start position:0% here around the collateral et cetera et cetera 00:37:25.430 --> 00:37:25.440 align:start position:0% cetera 00:37:25.440 --> 00:37:28.550 align:start position:0% cetera um and<00:37:26.160> but<00:37:26.640> the<00:37:27.000> reality<00:37:27.300> is<00:37:27.480> it's<00:37:28.140> you<00:37:28.440> know 00:37:28.550 --> 00:37:28.560 align:start position:0% um and but the reality is it's you know 00:37:28.560 --> 00:37:30.829 align:start position:0% um and but the reality is it's you know there's<00:37:28.740> there's<00:37:28.920> a<00:37:29.160> lot<00:37:29.280> to<00:37:29.460> be<00:37:29.640> said<00:37:29.820> for<00:37:30.119> how 00:37:30.829 --> 00:37:30.839 align:start position:0% there's there's a lot to be said for how 00:37:30.839 --> 00:37:32.329 align:start position:0% there's there's a lot to be said for how can<00:37:30.960> we<00:37:31.200> bring<00:37:31.560> down<00:37:31.800> you<00:37:32.099> know<00:37:32.160> interest 00:37:32.329 --> 00:37:32.339 align:start position:0% can we bring down you know interest 00:37:32.339 --> 00:37:33.890 align:start position:0% can we bring down you know interest rates<00:37:32.700> that<00:37:32.820> are<00:37:33.000> hundreds<00:37:33.480> of<00:37:33.540> percentage 00:37:33.890 --> 00:37:33.900 align:start position:0% rates that are hundreds of percentage 00:37:33.900 --> 00:37:35.870 align:start position:0% rates that are hundreds of percentage points<00:37:34.260> thousands<00:37:34.740> at<00:37:34.920> times 00:37:35.870 --> 00:37:35.880 align:start position:0% points thousands at times 00:37:35.880 --> 00:37:37.910 align:start position:0% points thousands at times um<00:37:36.000> down<00:37:36.240> to<00:37:36.420> you<00:37:36.660> know<00:37:36.720> single<00:37:37.079> single<00:37:37.560> uh 00:37:37.910 --> 00:37:37.920 align:start position:0% um down to you know single single uh 00:37:37.920 --> 00:37:40.670 align:start position:0% um down to you know single single uh single<00:37:38.400> percentage<00:37:38.820> points<00:37:39.180> so<00:37:39.359> just<00:37:40.020> we<00:37:40.440> will 00:37:40.670 --> 00:37:40.680 align:start position:0% single percentage points so just we will 00:37:40.680 --> 00:37:42.589 align:start position:0% single percentage points so just we will do<00:37:40.859> just<00:37:41.040> like<00:37:41.220> one<00:37:41.400> last<00:37:41.579> question 00:37:42.589 --> 00:37:42.599 align:start position:0% do just like one last question 00:37:42.599 --> 00:37:44.030 align:start position:0% do just like one last question um<00:37:42.660> and<00:37:42.960> this<00:37:43.200> will<00:37:43.260> be<00:37:43.380> just<00:37:43.500> a<00:37:43.619> bit<00:37:43.740> of<00:37:43.800> a<00:37:43.920> go 00:37:44.030 --> 00:37:44.040 align:start position:0% um and this will be just a bit of a go 00:37:44.040 --> 00:37:46.010 align:start position:0% um and this will be just a bit of a go around<00:37:44.220> and<00:37:44.880> then<00:37:45.000> would<00:37:45.240> love<00:37:45.420> to<00:37:45.540> open<00:37:45.720> it<00:37:45.900> up 00:37:46.010 --> 00:37:46.020 align:start position:0% around and then would love to open it up 00:37:46.020 --> 00:37:47.990 align:start position:0% around and then would love to open it up to<00:37:46.140> the<00:37:46.260> audience<00:37:46.500> for<00:37:46.740> for<00:37:46.920> a<00:37:47.099> bit<00:37:47.160> of<00:37:47.339> q<00:37:47.579> a<00:37:47.700> in 00:37:47.990 --> 00:37:48.000 align:start position:0% to the audience for for a bit of q a in 00:37:48.000 --> 00:37:49.490 align:start position:0% to the audience for for a bit of q a in the<00:37:48.119> last<00:37:48.240> 10<00:37:48.359> minutes 00:37:49.490 --> 00:37:49.500 align:start position:0% the last 10 minutes 00:37:49.500 --> 00:37:50.690 align:start position:0% the last 10 minutes um<00:37:49.619> so 00:37:50.690 --> 00:37:50.700 align:start position:0% um so 00:37:50.700 --> 00:37:52.970 align:start position:0% um so the<00:37:51.540> we've<00:37:51.900> got<00:37:52.020> a<00:37:52.140> room<00:37:52.260> here<00:37:52.440> obviously<00:37:52.859> of 00:37:52.970 --> 00:37:52.980 align:start position:0% the we've got a room here obviously of 00:37:52.980 --> 00:37:54.650 align:start position:0% the we've got a room here obviously of people<00:37:53.160> that<00:37:53.400> are<00:37:53.520> all<00:37:53.700> largely<00:37:54.240> probably 00:37:54.650 --> 00:37:54.660 align:start position:0% people that are all largely probably 00:37:54.660 --> 00:37:56.150 align:start position:0% people that are all largely probably very<00:37:55.020> familiar<00:37:55.380> with<00:37:55.560> the<00:37:55.680> space<00:37:55.800> and<00:37:56.040> the 00:37:56.150 --> 00:37:56.160 align:start position:0% very familiar with the space and the 00:37:56.160 --> 00:37:57.829 align:start position:0% very familiar with the space and the ecosystem<00:37:56.460> and<00:37:56.760> the<00:37:57.000> question<00:37:57.119> would<00:37:57.359> be<00:37:57.480> and 00:37:57.829 --> 00:37:57.839 align:start position:0% ecosystem and the question would be and 00:37:57.839 --> 00:38:00.050 align:start position:0% ecosystem and the question would be and we<00:37:58.079> we<00:37:58.140> spoke<00:37:58.500> previously<00:37:58.920> about<00:37:59.220> what<00:37:59.940> are 00:38:00.050 --> 00:38:00.060 align:start position:0% we we spoke previously about what are 00:38:00.060 --> 00:38:01.490 align:start position:0% we we spoke previously about what are the<00:38:00.180> challenges<00:38:00.540> on<00:38:00.780> the<00:38:00.900> other<00:38:00.960> side<00:38:01.200> right 00:38:01.490 --> 00:38:01.500 align:start position:0% the challenges on the other side right 00:38:01.500 --> 00:38:02.870 align:start position:0% the challenges on the other side right so<00:38:01.740> what<00:38:01.920> are<00:38:02.040> the<00:38:02.099> challenges<00:38:02.339> for<00:38:02.579> the<00:38:02.700> end 00:38:02.870 --> 00:38:02.880 align:start position:0% so what are the challenges for the end 00:38:02.880 --> 00:38:05.750 align:start position:0% so what are the challenges for the end users<00:38:03.300> in<00:38:03.900> Africa<00:38:04.320> and<00:38:04.440> Asia<00:38:04.859> and<00:38:05.040> in<00:38:05.280> Latin 00:38:05.750 --> 00:38:05.760 align:start position:0% users in Africa and Asia and in Latin 00:38:05.760 --> 00:38:07.910 align:start position:0% users in Africa and Asia and in Latin America<00:38:05.820> as<00:38:06.240> well<00:38:06.420> uh<00:38:07.140> but<00:38:07.260> I<00:38:07.380> guess<00:38:07.619> I'd<00:38:07.800> like 00:38:07.910 --> 00:38:07.920 align:start position:0% America as well uh but I guess I'd like 00:38:07.920 --> 00:38:09.349 align:start position:0% America as well uh but I guess I'd like to<00:38:08.040> flip<00:38:08.280> the<00:38:08.460> question<00:38:08.640> on<00:38:09.000> the<00:38:09.119> other<00:38:09.180> side 00:38:09.349 --> 00:38:09.359 align:start position:0% to flip the question on the other side 00:38:09.359 --> 00:38:11.450 align:start position:0% to flip the question on the other side of<00:38:09.599> that<00:38:09.720> is<00:38:09.960> like<00:38:10.140> what's<00:38:10.680> coming<00:38:10.980> back<00:38:11.280> to 00:38:11.450 --> 00:38:11.460 align:start position:0% of that is like what's coming back to 00:38:11.460 --> 00:38:13.730 align:start position:0% of that is like what's coming back to you<00:38:11.579> to<00:38:11.820> the<00:38:11.940> ethereum<00:38:12.359> ecosystem<00:38:12.839> by 00:38:13.730 --> 00:38:13.740 align:start position:0% you to the ethereum ecosystem by 00:38:13.740 --> 00:38:16.010 align:start position:0% you to the ethereum ecosystem by deploying<00:38:14.160> these<00:38:14.339> Solutions<00:38:14.640> right<00:38:14.940> we're<00:38:15.240> no 00:38:16.010 --> 00:38:16.020 align:start position:0% deploying these Solutions right we're no 00:38:16.020 --> 00:38:17.390 align:start position:0% deploying these Solutions right we're no longer<00:38:16.260> becoming<00:38:16.619> a<00:38:16.740> self-referential 00:38:17.390 --> 00:38:17.400 align:start position:0% longer becoming a self-referential 00:38:17.400 --> 00:38:19.490 align:start position:0% longer becoming a self-referential system<00:38:17.640> we're<00:38:18.240> actually<00:38:18.480> able<00:38:18.780> to<00:38:18.900> draw<00:38:19.140> in<00:38:19.320> a 00:38:19.490 --> 00:38:19.500 align:start position:0% system we're actually able to draw in a 00:38:19.500 --> 00:38:20.930 align:start position:0% system we're actually able to draw in a lot<00:38:19.619> of<00:38:19.740> feedback<00:38:20.040> and<00:38:20.280> a<00:38:20.400> lot<00:38:20.520> of<00:38:20.640> input 00:38:20.930 --> 00:38:20.940 align:start position:0% lot of feedback and a lot of input 00:38:20.940 --> 00:38:23.329 align:start position:0% lot of feedback and a lot of input around<00:38:21.480> user<00:38:21.960> experience<00:38:22.380> around<00:38:22.980> mobile 00:38:23.329 --> 00:38:23.339 align:start position:0% around user experience around mobile 00:38:23.339 --> 00:38:25.069 align:start position:0% around user experience around mobile phone<00:38:23.640> adoption<00:38:24.180> you<00:38:24.480> know<00:38:24.540> all<00:38:24.780> these<00:38:24.960> other 00:38:25.069 --> 00:38:25.079 align:start position:0% phone adoption you know all these other 00:38:25.079 --> 00:38:27.109 align:start position:0% phone adoption you know all these other things<00:38:25.260> so<00:38:25.560> if<00:38:26.160> maybe<00:38:26.460> we<00:38:26.700> can<00:38:26.820> just<00:38:26.940> spend 00:38:27.109 --> 00:38:27.119 align:start position:0% things so if maybe we can just spend 00:38:27.119 --> 00:38:28.849 align:start position:0% things so if maybe we can just spend like<00:38:27.300> a<00:38:27.420> few<00:38:27.540> minutes<00:38:27.660> on<00:38:28.020> on<00:38:28.380> that<00:38:28.560> and<00:38:28.740> then 00:38:28.849 --> 00:38:28.859 align:start position:0% like a few minutes on on that and then 00:38:28.859 --> 00:38:29.990 align:start position:0% like a few minutes on on that and then we'll<00:38:28.980> turn<00:38:29.099> it<00:38:29.220> over<00:38:29.339> to<00:38:29.520> the<00:38:29.579> audience<00:38:29.820> for 00:38:29.990 --> 00:38:30.000 align:start position:0% we'll turn it over to the audience for 00:38:30.000 --> 00:38:31.430 align:start position:0% we'll turn it over to the audience for for<00:38:30.180> a<00:38:30.359> quick<00:38:30.480> q<00:38:30.720> a 00:38:31.430 --> 00:38:31.440 align:start position:0% for a quick q a 00:38:31.440 --> 00:38:32.990 align:start position:0% for a quick q a um<00:38:31.560> so<00:38:31.680> yeah<00:38:31.800> just<00:38:32.160> feel<00:38:32.339> free<00:38:32.460> to<00:38:32.579> take<00:38:32.880> it 00:38:32.990 --> 00:38:33.000 align:start position:0% um so yeah just feel free to take it 00:38:33.000 --> 00:38:35.210 align:start position:0% um so yeah just feel free to take it away<00:38:33.119> on<00:38:33.420> what<00:38:33.960> can<00:38:34.200> you<00:38:34.619> know<00:38:34.680> what<00:38:34.920> can<00:38:35.040> the 00:38:35.210 --> 00:38:35.220 align:start position:0% away on what can you know what can the 00:38:35.220 --> 00:38:37.609 align:start position:0% away on what can you know what can the ethereum<00:38:35.640> community<00:38:35.880> learn<00:38:36.420> from<00:38:36.839> deploying 00:38:37.609 --> 00:38:37.619 align:start position:0% ethereum community learn from deploying 00:38:37.619 --> 00:38:40.250 align:start position:0% ethereum community learn from deploying Last<00:38:37.920> Mile<00:38:38.160> defy<00:38:38.640> Solutions 00:38:40.250 --> 00:38:40.260 align:start position:0% Last Mile defy Solutions 00:38:40.260 --> 00:38:42.310 align:start position:0% Last Mile defy Solutions good 00:38:42.310 --> 00:38:42.320 align:start position:0% good 00:38:42.320 --> 00:38:45.230 align:start position:0% good let<00:38:43.320> me<00:38:43.440> maybe<00:38:43.680> let<00:38:43.980> me<00:38:44.160> start<00:38:44.339> with<00:38:44.520> what<00:38:44.940> the 00:38:45.230 --> 00:38:45.240 align:start position:0% let me maybe let me start with what the 00:38:45.240 --> 00:38:48.770 align:start position:0% let me maybe let me start with what the the<00:38:45.480> community<00:38:45.859> has<00:38:46.859> done<00:38:47.160> when<00:38:47.940> it<00:38:48.359> realizes 00:38:48.770 --> 00:38:48.780 align:start position:0% the community has done when it realizes 00:38:48.780 --> 00:38:51.050 align:start position:0% the community has done when it realizes you're<00:38:49.020> doing<00:38:49.260> something<00:38:49.560> so<00:38:50.280> for<00:38:50.460> us<00:38:50.640> when<00:38:50.880> we 00:38:51.050 --> 00:38:51.060 align:start position:0% you're doing something so for us when we 00:38:51.060 --> 00:38:52.490 align:start position:0% you're doing something so for us when we said<00:38:51.240> okay<00:38:51.480> we<00:38:51.720> need<00:38:51.839> to<00:38:51.960> solve<00:38:52.200> this<00:38:52.320> problem 00:38:52.490 --> 00:38:52.500 align:start position:0% said okay we need to solve this problem 00:38:52.500 --> 00:38:55.010 align:start position:0% said okay we need to solve this problem but<00:38:52.859> we<00:38:53.640> immediately<00:38:54.000> got<00:38:54.300> support<00:38:54.540> from<00:38:54.839> the 00:38:55.010 --> 00:38:55.020 align:start position:0% but we immediately got support from the 00:38:55.020 --> 00:38:57.190 align:start position:0% but we immediately got support from the community<00:38:55.200> the<00:38:55.500> ethereum<00:38:55.859> community<00:38:56.119> is 00:38:57.190 --> 00:38:57.200 align:start position:0% community the ethereum community is 00:38:57.200 --> 00:38:59.990 align:start position:0% community the ethereum community is passionate<00:38:58.200> this<00:38:58.980> the<00:38:59.220> the<00:38:59.280> people<00:38:59.579> who<00:38:59.820> are 00:38:59.990 --> 00:39:00.000 align:start position:0% passionate this the the people who are 00:39:00.000 --> 00:39:01.910 align:start position:0% passionate this the the people who are here<00:39:00.180> I<00:39:00.420> believe<00:39:00.599> most<00:39:01.260> of<00:39:01.440> the<00:39:01.500> people<00:39:01.680> are 00:39:01.910 --> 00:39:01.920 align:start position:0% here I believe most of the people are 00:39:01.920 --> 00:39:04.970 align:start position:0% here I believe most of the people are here<00:39:02.160> are<00:39:02.880> passionate<00:39:03.480> so<00:39:04.020> the<00:39:04.380> first<00:39:04.500> help<00:39:04.740> we 00:39:04.970 --> 00:39:04.980 align:start position:0% here are passionate so the first help we 00:39:04.980 --> 00:39:08.210 align:start position:0% here are passionate so the first help we got<00:39:05.160> was<00:39:05.460> from<00:39:05.940> Isa<00:39:06.780> risk<00:39:07.079> is<00:39:07.200> a<00:39:07.500> uh<00:39:07.800> they<00:39:08.099> were 00:39:08.210 --> 00:39:08.220 align:start position:0% got was from Isa risk is a uh they were 00:39:08.220 --> 00:39:09.790 align:start position:0% got was from Isa risk is a uh they were they<00:39:08.520> had<00:39:08.640> built<00:39:09.000> a<00:39:09.119> generic<00:39:09.480> Insurance 00:39:09.790 --> 00:39:09.800 align:start position:0% they had built a generic Insurance 00:39:09.800 --> 00:39:13.490 align:start position:0% they had built a generic Insurance framework<00:39:10.800> and<00:39:11.460> they<00:39:11.640> said<00:39:12.119> okay<00:39:12.480> uh<00:39:13.200> you<00:39:13.380> can 00:39:13.490 --> 00:39:13.500 align:start position:0% framework and they said okay uh you can 00:39:13.500 --> 00:39:15.230 align:start position:0% framework and they said okay uh you can build<00:39:13.680> your<00:39:13.920> application<00:39:14.280> on<00:39:14.520> top<00:39:14.700> we'll<00:39:15.000> give 00:39:15.230 --> 00:39:15.240 align:start position:0% build your application on top we'll give 00:39:15.240 --> 00:39:17.270 align:start position:0% build your application on top we'll give you<00:39:15.359> technical<00:39:15.720> support<00:39:16.020> and<00:39:16.800> we'll<00:39:16.920> give<00:39:17.160> you 00:39:17.270 --> 00:39:17.280 align:start position:0% you technical support and we'll give you 00:39:17.280 --> 00:39:19.490 align:start position:0% you technical support and we'll give you time<00:39:17.579> and<00:39:18.060> we<00:39:18.240> will<00:39:18.420> always<00:39:18.540> spend<00:39:18.960> ensure 00:39:19.490 --> 00:39:19.500 align:start position:0% time and we will always spend ensure 00:39:19.500 --> 00:39:21.589 align:start position:0% time and we will always spend ensure that<00:39:19.980> you're<00:39:20.220> able<00:39:20.460> to<00:39:20.579> run<00:39:20.760> it<00:39:20.940> we<00:39:21.180> received 00:39:21.589 --> 00:39:21.599 align:start position:0% that you're able to run it we received 00:39:21.599 --> 00:39:23.270 align:start position:0% that you're able to run it we received support<00:39:21.839> from<00:39:22.140> the<00:39:22.380> foundation<00:39:22.680> ethereum 00:39:23.270 --> 00:39:23.280 align:start position:0% support from the foundation ethereum 00:39:23.280 --> 00:39:25.910 align:start position:0% support from the foundation ethereum Foundation<00:39:23.640> they<00:39:24.480> helped<00:39:25.020> in<00:39:25.140> the<00:39:25.380> networking 00:39:25.910 --> 00:39:25.920 align:start position:0% Foundation they helped in the networking 00:39:25.920 --> 00:39:28.490 align:start position:0% Foundation they helped in the networking and<00:39:26.640> we<00:39:26.820> also<00:39:27.119> chain<00:39:27.359> link<00:39:27.660> heard<00:39:28.079> about<00:39:28.200> it 00:39:28.490 --> 00:39:28.500 align:start position:0% and we also chain link heard about it 00:39:28.500 --> 00:39:30.710 align:start position:0% and we also chain link heard about it because<00:39:28.740> we<00:39:28.980> are<00:39:29.099> using<00:39:29.280> weathering<00:39:29.760> data<00:39:30.420> to 00:39:30.710 --> 00:39:30.720 align:start position:0% because we are using weathering data to 00:39:30.720 --> 00:39:32.510 align:start position:0% because we are using weathering data to determine<00:39:31.140> whether<00:39:31.440> to<00:39:31.680> pay<00:39:31.800> a<00:39:31.980> claim<00:39:32.220> or<00:39:32.339> not 00:39:32.510 --> 00:39:32.520 align:start position:0% determine whether to pay a claim or not 00:39:32.520 --> 00:39:34.670 align:start position:0% determine whether to pay a claim or not they<00:39:32.940> say<00:39:33.119> how<00:39:33.300> can<00:39:33.420> we<00:39:33.540> help<00:39:33.720> to<00:39:34.020> ensure<00:39:34.440> that 00:39:34.670 --> 00:39:34.680 align:start position:0% they say how can we help to ensure that 00:39:34.680 --> 00:39:36.530 align:start position:0% they say how can we help to ensure that your<00:39:34.920> source<00:39:35.460> of<00:39:35.520> truth<00:39:35.760> is<00:39:36.119> actually<00:39:36.300> a 00:39:36.530 --> 00:39:36.540 align:start position:0% your source of truth is actually a 00:39:36.540 --> 00:39:38.510 align:start position:0% your source of truth is actually a source<00:39:36.780> of<00:39:36.839> truth<00:39:37.140> and<00:39:37.800> not<00:39:38.040> only<00:39:38.220> that 00:39:38.510 --> 00:39:38.520 align:start position:0% source of truth and not only that 00:39:38.520 --> 00:39:40.730 align:start position:0% source of truth and not only that moreover<00:39:39.060> financially<00:39:39.780> they<00:39:40.140> got<00:39:40.320> a<00:39:40.500> lot<00:39:40.619> of 00:39:40.730 --> 00:39:40.740 align:start position:0% moreover financially they got a lot of 00:39:40.740 --> 00:39:43.690 align:start position:0% moreover financially they got a lot of financial<00:39:40.980> support<00:39:41.400> got<00:39:41.820> a<00:39:42.060> lot<00:39:42.540> of<00:39:42.780> human 00:39:43.690 --> 00:39:43.700 align:start position:0% financial support got a lot of human 00:39:43.700 --> 00:39:46.010 align:start position:0% financial support got a lot of human people<00:39:44.700> spending<00:39:45.240> time<00:39:45.359> with<00:39:45.599> you<00:39:45.780> people 00:39:46.010 --> 00:39:46.020 align:start position:0% people spending time with you people 00:39:46.020 --> 00:39:48.349 align:start position:0% people spending time with you people experts<00:39:46.619> who<00:39:46.800> are<00:39:46.980> very<00:39:47.160> busy<00:39:47.520> spending<00:39:48.240> time 00:39:48.349 --> 00:39:48.359 align:start position:0% experts who are very busy spending time 00:39:48.359 --> 00:39:52.790 align:start position:0% experts who are very busy spending time with<00:39:48.660> you<00:39:48.839> to<00:39:49.619> help<00:39:49.800> you<00:39:50.000> and<00:39:51.000> also<00:39:51.900> now<00:39:52.320> with 00:39:52.790 --> 00:39:52.800 align:start position:0% with you to help you and also now with 00:39:52.800 --> 00:39:55.190 align:start position:0% with you to help you and also now with that<00:39:53.040> I<00:39:53.520> think<00:39:53.700> we<00:39:53.940> can<00:39:54.119> say<00:39:54.359> the<00:39:54.780> the 00:39:55.190 --> 00:39:55.200 align:start position:0% that I think we can say the the 00:39:55.200 --> 00:39:56.930 align:start position:0% that I think we can say the the community 00:39:56.930 --> 00:39:56.940 align:start position:0% community 00:39:56.940 --> 00:39:59.870 align:start position:0% community um<00:39:57.000> and<00:39:57.720> what<00:39:58.020> people<00:39:58.320> should<00:39:58.740> do<00:39:59.160> if<00:39:59.579> you<00:39:59.700> hear 00:39:59.870 --> 00:39:59.880 align:start position:0% um and what people should do if you hear 00:39:59.880 --> 00:40:02.750 align:start position:0% um and what people should do if you hear of<00:40:00.060> a<00:40:00.240> good<00:40:00.359> project<00:40:00.599> I<00:40:00.960> think<00:40:01.280> uh<00:40:02.280> we<00:40:02.579> couldn't 00:40:02.750 --> 00:40:02.760 align:start position:0% of a good project I think uh we couldn't 00:40:02.760 --> 00:40:04.430 align:start position:0% of a good project I think uh we couldn't have<00:40:03.000> been<00:40:03.119> here<00:40:03.300> if<00:40:03.540> we<00:40:03.660> people<00:40:03.960> didn't<00:40:04.200> just 00:40:04.430 --> 00:40:04.440 align:start position:0% have been here if we people didn't just 00:40:04.440 --> 00:40:07.130 align:start position:0% have been here if we people didn't just come<00:40:04.740> and<00:40:04.920> jump<00:40:05.099> in<00:40:05.339> and<00:40:05.880> helped<00:40:06.420> in<00:40:06.780> the<00:40:06.839> in 00:40:07.130 --> 00:40:07.140 align:start position:0% come and jump in and helped in the in 00:40:07.140 --> 00:40:09.530 align:start position:0% come and jump in and helped in the in the<00:40:07.380> in<00:40:07.560> the<00:40:07.800> journey<00:40:08.040> so<00:40:08.400> we<00:40:08.579> could<00:40:08.760> say<00:40:09.000> let's 00:40:09.530 --> 00:40:09.540 align:start position:0% the in the journey so we could say let's 00:40:09.540 --> 00:40:12.710 align:start position:0% the in the journey so we could say let's be<00:40:10.099> lights<00:40:11.099> on<00:40:11.520> the<00:40:11.640> paths<00:40:12.060> of<00:40:12.480> starting 00:40:12.710 --> 00:40:12.720 align:start position:0% be lights on the paths of starting 00:40:12.720 --> 00:40:16.010 align:start position:0% be lights on the paths of starting projects<00:40:13.380> and<00:40:14.160> you<00:40:14.760> will<00:40:14.940> see<00:40:15.240> great<00:40:15.660> great 00:40:16.010 --> 00:40:16.020 align:start position:0% projects and you will see great great 00:40:16.020 --> 00:40:17.930 align:start position:0% projects and you will see great great impact<00:40:16.440> because<00:40:16.680> of<00:40:16.859> that<00:40:17.040> so<00:40:17.400> I<00:40:17.640> could<00:40:17.760> say 00:40:17.930 --> 00:40:17.940 align:start position:0% impact because of that so I could say 00:40:17.940 --> 00:40:21.670 align:start position:0% impact because of that so I could say that's<00:40:18.300> a<00:40:18.660> on<00:40:19.560> the<00:40:20.040> support<00:40:20.160> the<00:40:20.940> community 00:40:21.670 --> 00:40:21.680 align:start position:0% that's a on the support the community 00:40:21.680 --> 00:40:26.089 align:start position:0% that's a on the support the community has<00:40:22.680> helped<00:40:23.040> and<00:40:23.760> now<00:40:24.119> now<00:40:24.960> what<00:40:25.380> what<00:40:25.500> are<00:40:25.980> we 00:40:26.089 --> 00:40:26.099 align:start position:0% has helped and now now what what are we 00:40:26.099 --> 00:40:28.069 align:start position:0% has helped and now now what what are we seeing<00:40:26.400> the<00:40:26.579> Community<00:40:26.760> Learning<00:40:27.420> you<00:40:27.900> see 00:40:28.069 --> 00:40:28.079 align:start position:0% seeing the Community Learning you see 00:40:28.079 --> 00:40:29.930 align:start position:0% seeing the Community Learning you see like<00:40:28.320> Lessons<00:40:28.920> Learned<00:40:29.339> for<00:40:29.460> us<00:40:29.640> the 00:40:29.930 --> 00:40:29.940 align:start position:0% like Lessons Learned for us the 00:40:29.940 --> 00:40:32.390 align:start position:0% like Lessons Learned for us the community<00:40:30.180> is<00:40:30.599> able<00:40:30.839> to<00:40:30.960> understand<00:40:31.400> you 00:40:32.390 --> 00:40:32.400 align:start position:0% community is able to understand you 00:40:32.400 --> 00:40:35.870 align:start position:0% community is able to understand you can't<00:40:32.579> just<00:40:32.820> directly<00:40:33.359> bring<00:40:33.839> in<00:40:34.339> uh<00:40:35.339> crypto 00:40:35.870 --> 00:40:35.880 align:start position:0% can't just directly bring in uh crypto 00:40:35.880 --> 00:40:38.089 align:start position:0% can't just directly bring in uh crypto and<00:40:36.180> you<00:40:36.359> expect<00:40:36.540> the<00:40:36.720> farmer<00:40:37.020> to<00:40:37.140> use<00:40:37.260> So<00:40:37.740> This 00:40:38.089 --> 00:40:38.099 align:start position:0% and you expect the farmer to use So This 00:40:38.099 --> 00:40:40.970 align:start position:0% and you expect the farmer to use So This research<00:40:38.579> lessons<00:40:39.000> uh<00:40:39.960> other<00:40:40.200> people<00:40:40.380> now<00:40:40.740> are 00:40:40.970 --> 00:40:40.980 align:start position:0% research lessons uh other people now are 00:40:40.980 --> 00:40:42.230 align:start position:0% research lessons uh other people now are able<00:40:41.280> to<00:40:41.400> apply<00:40:41.640> on<00:40:41.760> their<00:40:41.940> different 00:40:42.230 --> 00:40:42.240 align:start position:0% able to apply on their different 00:40:42.240 --> 00:40:44.690 align:start position:0% able to apply on their different projects<00:40:42.900> if<00:40:43.380> they<00:40:43.560> need<00:40:43.740> to<00:40:44.040> reach<00:40:44.400> the<00:40:44.579> last 00:40:44.690 --> 00:40:44.700 align:start position:0% projects if they need to reach the last 00:40:44.700 --> 00:40:47.150 align:start position:0% projects if they need to reach the last mile<00:40:44.940> customers<00:40:45.480> thank<00:40:45.839> you 00:40:47.150 --> 00:40:47.160 align:start position:0% mile customers thank you 00:40:47.160 --> 00:40:50.990 align:start position:0% mile customers thank you well<00:40:47.700> first<00:40:48.200> I<00:40:49.200> would<00:40:49.260> like<00:40:49.440> to<00:40:49.560> say<00:40:49.740> that 00:40:50.990 --> 00:40:51.000 align:start position:0% well first I would like to say that 00:40:51.000 --> 00:40:52.190 align:start position:0% well first I would like to say that well 00:40:52.190 --> 00:40:52.200 align:start position:0% well 00:40:52.200 --> 00:40:55.010 align:start position:0% well if<00:40:52.740> we<00:40:52.920> are<00:40:53.099> onboarding<00:40:53.700> people<00:40:54.000> from<00:40:54.599> our 00:40:55.010 --> 00:40:55.020 align:start position:0% if we are onboarding people from our 00:40:55.020 --> 00:40:58.190 align:start position:0% if we are onboarding people from our countries<00:40:55.520> that<00:40:56.520> let's<00:40:56.880> say<00:40:57.060> as<00:40:57.599> I<00:40:57.780> said<00:40:57.900> live 00:40:58.190 --> 00:40:58.200 align:start position:0% countries that let's say as I said live 00:40:58.200 --> 00:41:00.650 align:start position:0% countries that let's say as I said live day<00:40:58.500> by<00:40:58.740> day<00:40:58.980> we're<00:40:59.640> bringing<00:41:00.060> people<00:41:00.300> that 00:41:00.650 --> 00:41:00.660 align:start position:0% day by day we're bringing people that 00:41:00.660 --> 00:41:02.450 align:start position:0% day by day we're bringing people that can<00:41:00.780> use<00:41:01.020> these<00:41:01.440> to<00:41:01.619> benefit<00:41:01.740> in<00:41:02.099> their<00:41:02.280> real 00:41:02.450 --> 00:41:02.460 align:start position:0% can use these to benefit in their real 00:41:02.460 --> 00:41:05.829 align:start position:0% can use these to benefit in their real life<00:41:02.700> and<00:41:03.420> we<00:41:03.839> can<00:41:04.020> bring<00:41:04.320> actually 00:41:05.829 --> 00:41:05.839 align:start position:0% life and we can bring actually 00:41:05.839 --> 00:41:09.950 align:start position:0% life and we can bring actually these<00:41:06.839> examples<00:41:07.320> and<00:41:08.099> get<00:41:08.400> the<00:41:09.000> community 00:41:09.950 --> 00:41:09.960 align:start position:0% these examples and get the community 00:41:09.960 --> 00:41:13.790 align:start position:0% these examples and get the community I<00:41:10.560> mean<00:41:10.740> in<00:41:11.160> give<00:41:12.119> it<00:41:12.359> let's<00:41:12.839> say<00:41:13.020> more<00:41:13.320> empathy 00:41:13.790 --> 00:41:13.800 align:start position:0% I mean in give it let's say more empathy 00:41:13.800 --> 00:41:16.550 align:start position:0% I mean in give it let's say more empathy right<00:41:14.339> because<00:41:14.940> sometimes<00:41:15.540> we<00:41:15.900> are<00:41:16.020> yeah<00:41:16.380> I 00:41:16.550 --> 00:41:16.560 align:start position:0% right because sometimes we are yeah I 00:41:16.560 --> 00:41:19.790 align:start position:0% right because sometimes we are yeah I mean<00:41:16.680> we're<00:41:16.980> here<00:41:17.339> we<00:41:17.940> have<00:41:18.240> a<00:41:18.480> roof<00:41:18.839> we<00:41:19.500> have 00:41:19.790 --> 00:41:19.800 align:start position:0% mean we're here we have a roof we have 00:41:19.800 --> 00:41:22.609 align:start position:0% mean we're here we have a roof we have uh<00:41:20.520> air<00:41:20.820> conditioning<00:41:21.300> and<00:41:21.720> we're<00:41:21.900> not<00:41:22.140> get<00:41:22.380> if 00:41:22.609 --> 00:41:22.619 align:start position:0% uh air conditioning and we're not get if 00:41:22.619 --> 00:41:24.950 align:start position:0% uh air conditioning and we're not get if it<00:41:22.740> rains<00:41:23.099> there's<00:41:23.460> no<00:41:23.700> problem<00:41:23.940> we<00:41:24.599> can<00:41:24.720> go 00:41:24.950 --> 00:41:24.960 align:start position:0% it rains there's no problem we can go 00:41:24.960 --> 00:41:27.890 align:start position:0% it rains there's no problem we can go out<00:41:25.140> and<00:41:25.500> get<00:41:25.740> uh<00:41:26.400> water<00:41:26.760> and<00:41:27.180> drinks<00:41:27.540> and<00:41:27.720> go 00:41:27.890 --> 00:41:27.900 align:start position:0% out and get uh water and drinks and go 00:41:27.900 --> 00:41:29.089 align:start position:0% out and get uh water and drinks and go to<00:41:28.020> a<00:41:28.140> bathroom<00:41:28.260> and<00:41:28.560> we<00:41:28.740> have<00:41:28.859> everything 00:41:29.089 --> 00:41:29.099 align:start position:0% to a bathroom and we have everything 00:41:29.099 --> 00:41:32.630 align:start position:0% to a bathroom and we have everything right<00:41:29.579> so<00:41:30.480> uh<00:41:31.079> getting<00:41:31.440> these<00:41:31.800> people<00:41:31.920> into 00:41:32.630 --> 00:41:32.640 align:start position:0% right so uh getting these people into 00:41:32.640 --> 00:41:35.569 align:start position:0% right so uh getting these people into the<00:41:33.119> the<00:41:33.540> space<00:41:34.140> could<00:41:34.920> be<00:41:35.099> very<00:41:35.220> interesting 00:41:35.569 --> 00:41:35.579 align:start position:0% the the space could be very interesting 00:41:35.579 --> 00:41:39.650 align:start position:0% the the space could be very interesting because<00:41:35.880> that<00:41:36.300> way<00:41:36.480> we<00:41:36.720> could<00:41:36.900> maybe<00:41:37.320> uh 00:41:39.650 --> 00:41:39.660 align:start position:0% because that way we could maybe uh 00:41:39.660 --> 00:41:42.530 align:start position:0% because that way we could maybe uh be<00:41:40.500> sensible<00:41:40.980> to<00:41:41.400> the<00:41:41.579> realities<00:41:41.880> of<00:41:42.180> others 00:41:42.530 --> 00:41:42.540 align:start position:0% be sensible to the realities of others 00:41:42.540 --> 00:41:44.810 align:start position:0% be sensible to the realities of others and<00:41:43.260> how<00:41:43.500> can<00:41:43.619> they<00:41:43.800> benefit<00:41:43.980> so<00:41:44.520> I<00:41:44.700> think 00:41:44.810 --> 00:41:44.820 align:start position:0% and how can they benefit so I think 00:41:44.820 --> 00:41:47.569 align:start position:0% and how can they benefit so I think empathy<00:41:45.480> is<00:41:45.599> an<00:41:45.900> interesting<00:41:46.260> part<00:41:46.500> and<00:41:47.220> also 00:41:47.569 --> 00:41:47.579 align:start position:0% empathy is an interesting part and also 00:41:47.579 --> 00:41:49.490 align:start position:0% empathy is an interesting part and also we're<00:41:48.119> bringing<00:41:48.480> in<00:41:48.660> people<00:41:48.960> that<00:41:49.320> actually 00:41:49.490 --> 00:41:49.500 align:start position:0% we're bringing in people that actually 00:41:49.500 --> 00:41:52.370 align:start position:0% we're bringing in people that actually need<00:41:49.920> financing<00:41:50.700> need<00:41:51.000> things 00:41:52.370 --> 00:41:52.380 align:start position:0% need financing need things 00:41:52.380 --> 00:41:54.890 align:start position:0% need financing need things so<00:41:52.980> we<00:41:53.160> can<00:41:53.339> actually<00:41:53.579> also<00:41:54.000> balance<00:41:54.480> the 00:41:54.890 --> 00:41:54.900 align:start position:0% so we can actually also balance the 00:41:54.900 --> 00:41:57.890 align:start position:0% so we can actually also balance the offer<00:41:55.260> and<00:41:55.440> demand<00:41:55.800> so<00:41:56.579> that<00:41:56.820> could<00:41:57.000> also<00:41:57.420> be 00:41:57.890 --> 00:41:57.900 align:start position:0% offer and demand so that could also be 00:41:57.900 --> 00:41:59.930 align:start position:0% offer and demand so that could also be interesting<00:41:58.320> for<00:41:58.800> community 00:41:59.930 --> 00:41:59.940 align:start position:0% interesting for community 00:41:59.940 --> 00:42:02.870 align:start position:0% interesting for community yeah<00:42:00.839> so<00:42:01.440> uh<00:42:01.680> talking<00:42:02.040> about<00:42:02.160> giving<00:42:02.460> back<00:42:02.700> to 00:42:02.870 --> 00:42:02.880 align:start position:0% yeah so uh talking about giving back to 00:42:02.880 --> 00:42:04.250 align:start position:0% yeah so uh talking about giving back to the<00:42:03.000> ethereum<00:42:03.300> community<00:42:03.599> right<00:42:03.960> or<00:42:04.200> or 00:42:04.250 --> 00:42:04.260 align:start position:0% the ethereum community right or or 00:42:04.260 --> 00:42:06.430 align:start position:0% the ethereum community right or or bringing<00:42:04.859> the<00:42:05.040> ethereum<00:42:05.400> community<00:42:05.579> on<00:42:05.940> board 00:42:06.430 --> 00:42:06.440 align:start position:0% bringing the ethereum community on board 00:42:06.440 --> 00:42:09.109 align:start position:0% bringing the ethereum community on board ethereum<00:42:07.440> has<00:42:07.619> reached<00:42:07.920> Millions<00:42:08.280> right<00:42:08.700> and 00:42:09.109 --> 00:42:09.119 align:start position:0% ethereum has reached Millions right and 00:42:09.119 --> 00:42:10.490 align:start position:0% ethereum has reached Millions right and that's<00:42:09.300> what<00:42:09.599> the<00:42:09.780> purpose<00:42:10.020> of<00:42:10.200> the<00:42:10.380> next 00:42:10.490 --> 00:42:10.500 align:start position:0% that's what the purpose of the next 00:42:10.500 --> 00:42:13.250 align:start position:0% that's what the purpose of the next objective<00:42:10.980> is<00:42:11.160> to<00:42:11.400> reach<00:42:11.640> the<00:42:11.820> next<00:42:12.000> billion 00:42:13.250 --> 00:42:13.260 align:start position:0% objective is to reach the next billion 00:42:13.260 --> 00:42:15.170 align:start position:0% objective is to reach the next billion um<00:42:13.380> with<00:42:13.859> with<00:42:14.040> all<00:42:14.339> these<00:42:14.579> projects<00:42:14.820> so<00:42:15.000> these 00:42:15.170 --> 00:42:15.180 align:start position:0% um with with all these projects so these 00:42:15.180 --> 00:42:16.310 align:start position:0% um with with all these projects so these are<00:42:15.240> these<00:42:15.480> are<00:42:15.480> few<00:42:15.720> handful<00:42:16.020> of<00:42:16.200> the 00:42:16.310 --> 00:42:16.320 align:start position:0% are these are few handful of the 00:42:16.320 --> 00:42:18.430 align:start position:0% are these are few handful of the projects<00:42:16.680> in<00:42:16.980> Kenya<00:42:17.400> India<00:42:17.820> Latin<00:42:18.240> America 00:42:18.430 --> 00:42:18.440 align:start position:0% projects in Kenya India Latin America 00:42:18.440 --> 00:42:20.750 align:start position:0% projects in Kenya India Latin America there<00:42:19.440> are<00:42:19.500> so<00:42:19.680> many<00:42:19.800> more<00:42:19.980> projects<00:42:20.400> that<00:42:20.520> are 00:42:20.750 --> 00:42:20.760 align:start position:0% there are so many more projects that are 00:42:20.760 --> 00:42:23.510 align:start position:0% there are so many more projects that are already<00:42:21.000> on<00:42:21.240> ethereum<00:42:21.720> or<00:42:22.440> on<00:42:22.680> one<00:42:22.859> of<00:42:22.920> the<00:42:22.980> l2s 00:42:23.510 --> 00:42:23.520 align:start position:0% already on ethereum or on one of the l2s 00:42:23.520 --> 00:42:25.490 align:start position:0% already on ethereum or on one of the l2s and<00:42:24.060> trying<00:42:24.359> to<00:42:24.540> trying<00:42:24.720> to<00:42:24.900> get<00:42:25.079> a<00:42:25.260> larger 00:42:25.490 --> 00:42:25.500 align:start position:0% and trying to trying to get a larger 00:42:25.500 --> 00:42:27.829 align:start position:0% and trying to trying to get a larger share<00:42:25.680> of<00:42:25.800> the<00:42:25.920> ecosystem<00:42:26.280> so<00:42:27.000> I<00:42:27.240> believe<00:42:27.359> that 00:42:27.829 --> 00:42:27.839 align:start position:0% share of the ecosystem so I believe that 00:42:27.839 --> 00:42:30.050 align:start position:0% share of the ecosystem so I believe that that<00:42:28.380> by<00:42:28.680> by<00:42:28.859> bringing<00:42:29.280> by<00:42:29.460> the<00:42:29.640> support<00:42:29.820> first 00:42:30.050 --> 00:42:30.060 align:start position:0% that by by bringing by the support first 00:42:30.060 --> 00:42:31.430 align:start position:0% that by by bringing by the support first of<00:42:30.180> all<00:42:30.300> with<00:42:30.420> the<00:42:30.599> foundation<00:42:30.900> with<00:42:31.260> the 00:42:31.430 --> 00:42:31.440 align:start position:0% of all with the foundation with the 00:42:31.440 --> 00:42:33.050 align:start position:0% of all with the foundation with the community<00:42:31.619> it's<00:42:32.040> a<00:42:32.160> huge<00:42:32.400> Community<00:42:32.640> right 00:42:33.050 --> 00:42:33.060 align:start position:0% community it's a huge Community right 00:42:33.060 --> 00:42:35.510 align:start position:0% community it's a huge Community right the<00:42:34.020> largest<00:42:34.260> of<00:42:34.440> all<00:42:34.800> the<00:42:34.920> chains<00:42:35.280> that<00:42:35.400> we 00:42:35.510 --> 00:42:35.520 align:start position:0% the largest of all the chains that we 00:42:35.520 --> 00:42:37.910 align:start position:0% the largest of all the chains that we know<00:42:35.640> all<00:42:36.599> together<00:42:36.780> I<00:42:37.140> think<00:42:37.260> I<00:42:37.500> think<00:42:37.560> we<00:42:37.740> are 00:42:37.910 --> 00:42:37.920 align:start position:0% know all together I think I think we are 00:42:37.920 --> 00:42:40.370 align:start position:0% know all together I think I think we are at<00:42:38.040> such<00:42:38.220> a<00:42:38.339> right<00:42:38.460> spot<00:42:38.760> to<00:42:39.180> to<00:42:39.420> like<00:42:39.839> be<00:42:40.020> in<00:42:40.200> a 00:42:40.370 --> 00:42:40.380 align:start position:0% at such a right spot to to like be in a 00:42:40.380 --> 00:42:41.930 align:start position:0% at such a right spot to to like be in a very<00:42:40.440> synergistic<00:42:40.980> relationship<00:42:41.460> where 00:42:41.930 --> 00:42:41.940 align:start position:0% very synergistic relationship where 00:42:41.940 --> 00:42:43.970 align:start position:0% very synergistic relationship where where<00:42:42.180> the<00:42:42.599> projects<00:42:43.020> need<00:42:43.260> communities<00:42:43.680> no 00:42:43.970 --> 00:42:43.980 align:start position:0% where the projects need communities no 00:42:43.980 --> 00:42:45.589 align:start position:0% where the projects need communities no project<00:42:44.099> Works<00:42:44.460> without<00:42:44.579> Community<00:42:44.880> name<00:42:45.420> any 00:42:45.589 --> 00:42:45.599 align:start position:0% project Works without Community name any 00:42:45.599 --> 00:42:48.410 align:start position:0% project Works without Community name any right<00:42:45.960> and<00:42:46.619> and<00:42:46.800> then<00:42:47.220> once<00:42:47.880> that<00:42:48.060> is<00:42:48.180> done 00:42:48.410 --> 00:42:48.420 align:start position:0% right and and then once that is done 00:42:48.420 --> 00:42:50.390 align:start position:0% right and and then once that is done more<00:42:48.900> and<00:42:49.079> more<00:42:49.260> projects<00:42:49.680> can<00:42:49.859> come<00:42:50.099> on<00:42:50.280> the 00:42:50.390 --> 00:42:50.400 align:start position:0% more and more projects can come on the 00:42:50.400 --> 00:42:52.970 align:start position:0% more and more projects can come on the Chain<00:42:50.579> come<00:42:51.119> into<00:42:51.300> the<00:42:51.480> ecosystem<00:42:51.900> help<00:42:52.740> each 00:42:52.970 --> 00:42:52.980 align:start position:0% Chain come into the ecosystem help each 00:42:52.980 --> 00:42:55.310 align:start position:0% Chain come into the ecosystem help each other<00:42:53.160> reach<00:42:53.940> more<00:42:54.119> masses<00:42:54.599> if<00:42:55.079> we<00:42:55.200> are 00:42:55.310 --> 00:42:55.320 align:start position:0% other reach more masses if we are 00:42:55.320 --> 00:42:57.470 align:start position:0% other reach more masses if we are reaching<00:42:55.619> maybe<00:42:55.920> a<00:42:56.400> small<00:42:56.640> holder<00:42:57.060> marginal 00:42:57.470 --> 00:42:57.480 align:start position:0% reaching maybe a small holder marginal 00:42:57.480 --> 00:43:00.349 align:start position:0% reaching maybe a small holder marginal farmers<00:42:57.900> in<00:42:58.140> India<00:42:58.560> someone<00:42:59.520> else<00:42:59.880> could<00:43:00.240> be 00:43:00.349 --> 00:43:00.359 align:start position:0% farmers in India someone else could be 00:43:00.359 --> 00:43:03.430 align:start position:0% farmers in India someone else could be reaching<00:43:00.920> blue-collar<00:43:01.920> workers<00:43:02.220> in<00:43:02.579> in<00:43:02.880> in 00:43:03.430 --> 00:43:03.440 align:start position:0% reaching blue-collar workers in in in 00:43:03.440 --> 00:43:06.109 align:start position:0% reaching blue-collar workers in in in Australia<00:43:04.440> or<00:43:04.680> anywhere<00:43:04.980> else<00:43:05.160> right<00:43:05.460> there 00:43:06.109 --> 00:43:06.119 align:start position:0% Australia or anywhere else right there 00:43:06.119 --> 00:43:07.309 align:start position:0% Australia or anywhere else right there are<00:43:06.180> still<00:43:06.359> so<00:43:06.540> many<00:43:06.599> projects<00:43:06.960> and<00:43:07.140> things 00:43:07.309 --> 00:43:07.319 align:start position:0% are still so many projects and things 00:43:07.319 --> 00:43:08.930 align:start position:0% are still so many projects and things that<00:43:07.560> can<00:43:07.680> that<00:43:07.859> can<00:43:08.040> still<00:43:08.220> come<00:43:08.400> on<00:43:08.520> the<00:43:08.700> on 00:43:08.930 --> 00:43:08.940 align:start position:0% that can that can still come on the on 00:43:08.940 --> 00:43:10.849 align:start position:0% that can that can still come on the on the<00:43:09.119> chain<00:43:09.300> and<00:43:09.900> and<00:43:10.020> I<00:43:10.260> think<00:43:10.319> now<00:43:10.560> is<00:43:10.740> the 00:43:10.849 --> 00:43:10.859 align:start position:0% the chain and and I think now is the 00:43:10.859 --> 00:43:13.190 align:start position:0% the chain and and I think now is the right<00:43:10.980> right<00:43:11.460> spot<00:43:11.640> right<00:43:11.880> time<00:43:12.119> to<00:43:12.359> do<00:43:12.480> that 00:43:13.190 --> 00:43:13.200 align:start position:0% right right spot right time to do that 00:43:13.200 --> 00:43:14.450 align:start position:0% right right spot right time to do that so that's<00:43:13.560> what<00:43:13.800> we're<00:43:13.920> looking<00:43:14.099> forward<00:43:14.339> to 00:43:14.450 --> 00:43:14.460 align:start position:0% so that's what we're looking forward to 00:43:14.460 --> 00:43:15.349 align:start position:0% so that's what we're looking forward to it 00:43:15.349 --> 00:43:15.359 align:start position:0% it 00:43:15.359 --> 00:43:17.750 align:start position:0% it incredible<00:43:15.960> thank<00:43:16.319> you<00:43:16.440> I'm<00:43:16.859> uh<00:43:17.280> yeah<00:43:17.520> just 00:43:17.750 --> 00:43:17.760 align:start position:0% incredible thank you I'm uh yeah just 00:43:17.760 --> 00:43:19.730 align:start position:0% incredible thank you I'm uh yeah just incredibly<00:43:18.300> honored<00:43:18.780> to<00:43:18.900> be<00:43:19.140> sharing<00:43:19.619> the 00:43:19.730 --> 00:43:19.740 align:start position:0% incredibly honored to be sharing the 00:43:19.740 --> 00:43:21.770 align:start position:0% incredibly honored to be sharing the stage<00:43:19.920> here<00:43:20.099> with<00:43:20.280> you<00:43:20.400> all<00:43:20.579> and<00:43:20.880> we've<00:43:21.420> got<00:43:21.540> a 00:43:21.770 --> 00:43:21.780 align:start position:0% stage here with you all and we've got a 00:43:21.780 --> 00:43:24.230 align:start position:0% stage here with you all and we've got a few<00:43:22.079> minutes<00:43:22.200> left<00:43:22.560> here<00:43:22.859> so 00:43:24.230 --> 00:43:24.240 align:start position:0% few minutes left here so 00:43:24.240 --> 00:43:26.390 align:start position:0% few minutes left here so um maybe<00:43:24.480> we'll<00:43:24.839> just<00:43:25.020> take<00:43:25.319> a<00:43:25.980> few<00:43:26.160> questions 00:43:26.390 --> 00:43:26.400 align:start position:0% um maybe we'll just take a few questions 00:43:26.400 --> 00:43:28.870 align:start position:0% um maybe we'll just take a few questions uh<00:43:27.119> and<00:43:27.300> then<00:43:27.420> we'll<00:43:27.599> we'll<00:43:27.839> call<00:43:28.020> it<00:43:28.140> a<00:43:28.319> day<00:43:28.440> so 00:43:28.870 --> 00:43:28.880 align:start position:0% uh and then we'll we'll call it a day so 00:43:28.880 --> 00:43:31.670 align:start position:0% uh and then we'll we'll call it a day so gentlemen<00:43:29.880> with<00:43:30.060> a<00:43:30.180> blue<00:43:30.420> shirt<00:43:30.720> uh<00:43:31.319> you<00:43:31.440> put 00:43:31.670 --> 00:43:31.680 align:start position:0% gentlemen with a blue shirt uh you put 00:43:31.680 --> 00:43:38.569 align:start position:0% gentlemen with a blue shirt uh you put your<00:43:31.800> hand<00:43:31.920> up<00:43:32.040> first<00:43:32.280> yep 00:43:38.569 --> 00:43:38.579 align:start position:0% 00:43:38.579 --> 00:43:40.490 align:start position:0% yeah<00:43:39.180> and<00:43:39.420> sorry<00:43:39.599> if<00:43:39.780> you<00:43:39.900> could<00:43:40.020> maybe<00:43:40.260> we'll 00:43:40.490 --> 00:43:40.500 align:start position:0% yeah and sorry if you could maybe we'll 00:43:40.500 --> 00:43:45.470 align:start position:0% yeah and sorry if you could maybe we'll we'll<00:43:40.560> just<00:43:40.800> pass<00:43:40.920> the<00:43:41.040> mic<00:43:41.220> over<00:43:41.400> to<00:43:41.520> you 00:43:45.470 --> 00:43:45.480 align:start position:0% 00:43:45.480 --> 00:43:48.230 align:start position:0% hello<00:43:46.440> um<00:43:46.500> fellow<00:43:46.980> Latin<00:43:47.339> American<00:43:47.460> here<00:43:47.940> it's 00:43:48.230 --> 00:43:48.240 align:start position:0% hello um fellow Latin American here it's 00:43:48.240 --> 00:43:49.849 align:start position:0% hello um fellow Latin American here it's good<00:43:48.480> to<00:43:48.599> hear<00:43:48.780> that<00:43:49.079> it's<00:43:49.319> that<00:43:49.560> this<00:43:49.740> is 00:43:49.849 --> 00:43:49.859 align:start position:0% good to hear that it's that this is 00:43:49.859 --> 00:43:51.530 align:start position:0% good to hear that it's that this is doing<00:43:49.980> a<00:43:50.220> this<00:43:50.579> is<00:43:50.640> this<00:43:50.880> this<00:43:51.000> is<00:43:51.180> doing<00:43:51.359> some 00:43:51.530 --> 00:43:51.540 align:start position:0% doing a this is this this is doing some 00:43:51.540 --> 00:43:52.550 align:start position:0% doing a this is this this is doing some good 00:43:52.550 --> 00:43:52.560 align:start position:0% good 00:43:52.560 --> 00:43:55.490 align:start position:0% good um<00:43:52.680> I<00:43:52.920> want<00:43:53.040> to<00:43:53.160> know<00:43:53.339> if<00:43:53.940> uh<00:43:54.720> well<00:43:54.960> as<00:43:55.319> I 00:43:55.490 --> 00:43:55.500 align:start position:0% um I want to know if uh well as I 00:43:55.500 --> 00:43:57.530 align:start position:0% um I want to know if uh well as I understand<00:43:55.680> you<00:43:56.280> are<00:43:56.400> all<00:43:56.520> using<00:43:56.940> uh<00:43:57.300> the 00:43:57.530 --> 00:43:57.540 align:start position:0% understand you are all using uh the 00:43:57.540 --> 00:43:59.990 align:start position:0% understand you are all using uh the blockchain<00:43:57.900> more<00:43:58.319> to<00:43:58.560> register<00:43:58.920> people<00:43:59.280> or 00:43:59.990 --> 00:44:00.000 align:start position:0% blockchain more to register people or 00:44:00.000 --> 00:44:02.329 align:start position:0% blockchain more to register people or their<00:44:00.180> hashes<00:44:00.900> of<00:44:01.020> their<00:44:01.140> information<00:44:01.319> so<00:44:01.920> are 00:44:02.329 --> 00:44:02.339 align:start position:0% their hashes of their information so are 00:44:02.339 --> 00:44:05.390 align:start position:0% their hashes of their information so are you<00:44:02.460> planning<00:44:02.819> to<00:44:03.060> use<00:44:03.619> uh<00:44:04.619> to<00:44:04.980> use<00:44:05.099> that 00:44:05.390 --> 00:44:05.400 align:start position:0% you planning to use uh to use that 00:44:05.400 --> 00:44:07.730 align:start position:0% you planning to use uh to use that information<00:44:06.000> and<00:44:06.540> that<00:44:06.720> identity<00:44:07.140> you<00:44:07.500> being 00:44:07.730 --> 00:44:07.740 align:start position:0% information and that identity you being 00:44:07.740 --> 00:44:10.430 align:start position:0% information and that identity you being a<00:44:07.920> verifier<00:44:08.400> so<00:44:08.760> that<00:44:09.000> for<00:44:09.540> example<00:44:09.839> we<00:44:10.140> they 00:44:10.430 --> 00:44:10.440 align:start position:0% a verifier so that for example we they 00:44:10.440 --> 00:44:12.710 align:start position:0% a verifier so that for example we they can<00:44:10.680> use<00:44:10.920> uh<00:44:11.339> protocol<00:44:11.640> similar<00:44:12.060> to<00:44:12.180> the<00:44:12.420> proof 00:44:12.710 --> 00:44:12.720 align:start position:0% can use uh protocol similar to the proof 00:44:12.720 --> 00:44:14.809 align:start position:0% can use uh protocol similar to the proof of<00:44:12.780> humanity<00:44:13.260> that<00:44:13.500> was<00:44:13.680> here<00:44:13.859> around<00:44:14.099> an<00:44:14.700> hour 00:44:14.809 --> 00:44:14.819 align:start position:0% of humanity that was here around an hour 00:44:14.819 --> 00:44:15.829 align:start position:0% of humanity that was here around an hour ago 00:44:15.829 --> 00:44:15.839 align:start position:0% ago 00:44:15.839 --> 00:44:17.510 align:start position:0% ago so<00:44:16.319> that<00:44:16.560> for<00:44:16.680> example<00:44:16.859> you<00:44:17.099> can<00:44:17.160> prove<00:44:17.400> that 00:44:17.510 --> 00:44:17.520 align:start position:0% so that for example you can prove that 00:44:17.520 --> 00:44:20.450 align:start position:0% so that for example you can prove that that<00:44:17.700> person<00:44:17.880> exists<00:44:18.540> a<00:44:19.260> modern<00:44:19.680> just<00:44:20.160> a 00:44:20.450 --> 00:44:20.460 align:start position:0% that person exists a modern just a 00:44:20.460 --> 00:44:25.430 align:start position:0% that person exists a modern just a person<00:44:20.839> being<00:44:21.839> able<00:44:22.140> to<00:44:22.319> receive<00:44:22.619> a<00:44:22.740> loan 00:44:25.430 --> 00:44:25.440 align:start position:0% 00:44:25.440 --> 00:44:29.089 align:start position:0% yeah<00:44:26.099> I<00:44:26.460> definitely<00:44:26.819> see<00:44:27.359> us<00:44:27.839> contributing<00:44:28.500> to 00:44:29.089 --> 00:44:29.099 align:start position:0% yeah I definitely see us contributing to 00:44:29.099 --> 00:44:31.670 align:start position:0% yeah I definitely see us contributing to proof<00:44:29.700> of<00:44:29.760> humanity<00:44:30.240> for<00:44:30.540> example<00:44:30.780> what 00:44:31.670 --> 00:44:31.680 align:start position:0% proof of humanity for example what 00:44:31.680 --> 00:44:33.710 align:start position:0% proof of humanity for example what represents<00:44:32.220> a<00:44:32.460> person<00:44:32.700> for<00:44:33.180> us<00:44:33.359> is<00:44:33.540> a 00:44:33.710 --> 00:44:33.720 align:start position:0% represents a person for us is a 00:44:33.720 --> 00:44:36.950 align:start position:0% represents a person for us is a transaction<00:44:34.079> which<00:44:34.380> is<00:44:34.500> hushed<00:44:34.920> so<00:44:35.819> if<00:44:36.599> the 00:44:36.950 --> 00:44:36.960 align:start position:0% transaction which is hushed so if the 00:44:36.960 --> 00:44:39.109 align:start position:0% transaction which is hushed so if the details<00:44:37.319> of<00:44:37.500> the<00:44:37.680> person<00:44:37.859> has<00:44:38.520> the<00:44:38.880> same<00:44:39.000> way 00:44:39.109 --> 00:44:39.119 align:start position:0% details of the person has the same way 00:44:39.119 --> 00:44:40.849 align:start position:0% details of the person has the same way we<00:44:39.300> do<00:44:39.480> the<00:44:39.540> passwords<00:44:40.079> can<00:44:40.260> be<00:44:40.440> hushed 00:44:40.849 --> 00:44:40.859 align:start position:0% we do the passwords can be hushed 00:44:40.859 --> 00:44:42.829 align:start position:0% we do the passwords can be hushed because<00:44:41.040> we<00:44:41.280> don't<00:44:41.400> do<00:44:41.579> that<00:44:41.700> we<00:44:42.000> just<00:44:42.240> just<00:44:42.540> do 00:44:42.829 --> 00:44:42.839 align:start position:0% because we don't do that we just just do 00:44:42.839 --> 00:44:45.170 align:start position:0% because we don't do that we just just do the<00:44:43.020> entire<00:44:43.260> thing<00:44:43.500> then<00:44:44.220> we<00:44:44.520> can<00:44:44.640> contribute 00:44:45.170 --> 00:44:45.180 align:start position:0% the entire thing then we can contribute 00:44:45.180 --> 00:44:47.510 align:start position:0% the entire thing then we can contribute in<00:44:45.540> some<00:44:45.660> way<00:44:45.900> because<00:44:46.319> that<00:44:46.740> hash<00:44:46.920> is<00:44:47.280> a 00:44:47.510 --> 00:44:47.520 align:start position:0% in some way because that hash is a 00:44:47.520 --> 00:44:50.390 align:start position:0% in some way because that hash is a combination<00:44:47.940> of<00:44:48.180> the<00:44:48.540> location<00:44:49.160> of<00:44:50.160> their 00:44:50.390 --> 00:44:50.400 align:start position:0% combination of the location of their 00:44:50.400 --> 00:44:53.089 align:start position:0% combination of the location of their names<00:44:51.359> their<00:44:51.960> phone<00:44:52.200> number<00:44:52.380> registered<00:44:52.920> in 00:44:53.089 --> 00:44:53.099 align:start position:0% names their phone number registered in 00:44:53.099 --> 00:44:55.730 align:start position:0% names their phone number registered in government<00:44:53.339> and<00:44:54.300> many<00:44:54.540> other<00:44:54.720> details<00:44:55.260> so<00:44:55.500> we 00:44:55.730 --> 00:44:55.740 align:start position:0% government and many other details so we 00:44:55.740 --> 00:45:00.230 align:start position:0% government and many other details so we feel<00:44:55.940> uh<00:44:56.940> looking<00:44:57.480> at<00:44:57.839> how<00:44:58.260> uh<00:44:59.119> what<00:45:00.119> we're 00:45:00.230 --> 00:45:00.240 align:start position:0% feel uh looking at how uh what we're 00:45:00.240 --> 00:45:02.329 align:start position:0% feel uh looking at how uh what we're using<00:45:00.839> how<00:45:01.079> can<00:45:01.200> we<00:45:01.319> use<00:45:01.500> this<00:45:01.619> hash<00:45:01.859> to<00:45:02.099> prove 00:45:02.329 --> 00:45:02.339 align:start position:0% using how can we use this hash to prove 00:45:02.339 --> 00:45:04.910 align:start position:0% using how can we use this hash to prove is<00:45:02.460> the<00:45:02.700> truth<00:45:02.880> yeah<00:45:03.300> the<00:45:03.540> ZK<00:45:03.839> roll<00:45:04.079> up<00:45:04.500> Etc<00:45:04.740> I 00:45:04.910 --> 00:45:04.920 align:start position:0% is the truth yeah the ZK roll up Etc I 00:45:04.920 --> 00:45:07.970 align:start position:0% is the truth yeah the ZK roll up Etc I think<00:45:05.099> it's<00:45:05.339> a<00:45:05.819> part<00:45:06.060> of<00:45:06.300> the<00:45:07.140> thing<00:45:07.260> that<00:45:07.619> can 00:45:07.970 --> 00:45:07.980 align:start position:0% think it's a part of the thing that can 00:45:07.980 --> 00:45:09.950 align:start position:0% think it's a part of the thing that can work<00:45:08.220> so<00:45:08.819> yeah<00:45:08.940> I<00:45:09.119> just<00:45:09.240> want<00:45:09.359> to<00:45:09.480> add<00:45:09.660> to<00:45:09.780> that 00:45:09.950 --> 00:45:09.960 align:start position:0% work so yeah I just want to add to that 00:45:09.960 --> 00:45:12.470 align:start position:0% work so yeah I just want to add to that likewise<00:45:10.560> we<00:45:10.859> also<00:45:11.160> do<00:45:11.339> not<00:45:11.460> put<00:45:11.760> the<00:45:12.300> direct 00:45:12.470 --> 00:45:12.480 align:start position:0% likewise we also do not put the direct 00:45:12.480 --> 00:45:14.089 align:start position:0% likewise we also do not put the direct details<00:45:13.020> it's<00:45:13.140> it's<00:45:13.319> not<00:45:13.560> right<00:45:13.740> you<00:45:13.980> know 00:45:14.089 --> 00:45:14.099 align:start position:0% details it's it's not right you know 00:45:14.099 --> 00:45:15.530 align:start position:0% details it's it's not right you know because<00:45:14.220> you<00:45:14.460> have<00:45:14.579> a<00:45:14.700> right<00:45:14.819> to<00:45:14.940> you<00:45:15.240> need<00:45:15.480> to 00:45:15.530 --> 00:45:15.540 align:start position:0% because you have a right to you need to 00:45:15.540 --> 00:45:17.390 align:start position:0% because you have a right to you need to give<00:45:15.660> a<00:45:15.780> right<00:45:15.900> to<00:45:16.079> forget<00:45:16.260> right 00:45:17.390 --> 00:45:17.400 align:start position:0% give a right to forget right 00:45:17.400 --> 00:45:19.309 align:start position:0% give a right to forget right um<00:45:17.520> and<00:45:17.880> once<00:45:18.300> you<00:45:18.359> put<00:45:18.480> all<00:45:18.780> your<00:45:18.900> all<00:45:19.200> their 00:45:19.309 --> 00:45:19.319 align:start position:0% um and once you put all your all their 00:45:19.319 --> 00:45:21.290 align:start position:0% um and once you put all your all their pis<00:45:19.859> onto<00:45:20.339> the<00:45:20.460> blockchain<00:45:20.760> you<00:45:21.060> cannot 00:45:21.290 --> 00:45:21.300 align:start position:0% pis onto the blockchain you cannot 00:45:21.300 --> 00:45:23.870 align:start position:0% pis onto the blockchain you cannot forget<00:45:21.420> them<00:45:21.720> so<00:45:22.619> uh<00:45:22.980> there<00:45:23.400> are<00:45:23.520> these<00:45:23.819> are 00:45:23.870 --> 00:45:23.880 align:start position:0% forget them so uh there are these are 00:45:23.880 --> 00:45:25.910 align:start position:0% forget them so uh there are these are the<00:45:24.000> challenges<00:45:24.359> but<00:45:24.599> yeah<00:45:24.780> somewhere<00:45:25.140> if<00:45:25.380> he 00:45:25.910 --> 00:45:25.920 align:start position:0% the challenges but yeah somewhere if he 00:45:25.920 --> 00:45:28.010 align:start position:0% the challenges but yeah somewhere if he can<00:45:26.099> you<00:45:26.520> know<00:45:26.579> you<00:45:27.480> know<00:45:27.599> taking<00:45:27.780> more 00:45:28.010 --> 00:45:28.020 align:start position:0% can you know you know taking more 00:45:28.020 --> 00:45:30.230 align:start position:0% can you know you know taking more solutions<00:45:28.380> and<00:45:29.280> bringing<00:45:29.760> some<00:45:30.000> sort<00:45:30.119> of 00:45:30.230 --> 00:45:30.240 align:start position:0% solutions and bringing some sort of 00:45:30.240 --> 00:45:31.730 align:start position:0% solutions and bringing some sort of identity<00:45:30.599> on<00:45:30.780> blockchain<00:45:31.079> like<00:45:31.319> from<00:45:31.560> the 00:45:31.730 --> 00:45:31.740 align:start position:0% identity on blockchain like from the 00:45:31.740 --> 00:45:32.870 align:start position:0% identity on blockchain like from the foundation<00:45:32.040> I<00:45:32.220> was<00:45:32.339> having<00:45:32.460> a<00:45:32.640> very<00:45:32.760> good 00:45:32.870 --> 00:45:32.880 align:start position:0% foundation I was having a very good 00:45:32.880 --> 00:45:34.910 align:start position:0% foundation I was having a very good discussion<00:45:33.300> regarding<00:45:34.020> so<00:45:34.200> in<00:45:34.380> India<00:45:34.619> we<00:45:34.859> have 00:45:34.910 --> 00:45:34.920 align:start position:0% discussion regarding so in India we have 00:45:34.920 --> 00:45:37.190 align:start position:0% discussion regarding so in India we have aadhar<00:45:35.460> which<00:45:35.700> is<00:45:35.819> like<00:45:36.060> with<00:45:36.359> 1.4<00:45:36.900> billion 00:45:37.190 --> 00:45:37.200 align:start position:0% aadhar which is like with 1.4 billion 00:45:37.200 --> 00:45:38.930 align:start position:0% aadhar which is like with 1.4 billion people<00:45:37.380> if<00:45:37.680> we<00:45:37.800> onboard<00:45:38.339> that<00:45:38.579> onto<00:45:38.819> the 00:45:38.930 --> 00:45:38.940 align:start position:0% people if we onboard that onto the 00:45:38.940 --> 00:45:40.190 align:start position:0% people if we onboard that onto the blockchain<00:45:39.240> just<00:45:39.480> imagine<00:45:39.660> what<00:45:39.960> kind<00:45:40.079> of 00:45:40.190 --> 00:45:40.200 align:start position:0% blockchain just imagine what kind of 00:45:40.200 --> 00:45:42.170 align:start position:0% blockchain just imagine what kind of identification<00:45:40.680> can<00:45:40.980> that<00:45:41.160> be<00:45:41.339> right<00:45:41.819> and 00:45:42.170 --> 00:45:42.180 align:start position:0% identification can that be right and 00:45:42.180 --> 00:45:43.490 align:start position:0% identification can that be right and then<00:45:42.300> you<00:45:42.480> can<00:45:42.599> subsequently<00:45:43.079> use<00:45:43.319> it 00:45:43.490 --> 00:45:43.500 align:start position:0% then you can subsequently use it 00:45:43.500 --> 00:45:45.530 align:start position:0% then you can subsequently use it possibly<00:45:44.040> across<00:45:44.460> other<00:45:44.700> chains<00:45:45.180> you<00:45:45.480> know 00:45:45.530 --> 00:45:45.540 align:start position:0% possibly across other chains you know 00:45:45.540 --> 00:45:48.290 align:start position:0% possibly across other chains you know cross<00:45:45.900> chain<00:45:46.200> as<00:45:46.920> well<00:45:47.099> but<00:45:47.819> yeah<00:45:47.940> it<00:45:48.180> will 00:45:48.290 --> 00:45:48.300 align:start position:0% cross chain as well but yeah it will 00:45:48.300 --> 00:45:49.970 align:start position:0% cross chain as well but yeah it will always<00:45:48.480> have<00:45:48.720> some<00:45:48.900> challenges<00:45:49.260> it<00:45:49.560> will<00:45:49.680> have 00:45:49.970 --> 00:45:49.980 align:start position:0% always have some challenges it will have 00:45:49.980 --> 00:45:53.150 align:start position:0% always have some challenges it will have you<00:45:50.520> know<00:45:50.579> uh<00:45:50.940> barriers<00:45:51.780> to<00:45:51.900> entry<00:45:52.140> as<00:45:52.380> well<00:45:52.500> uh 00:45:53.150 --> 00:45:53.160 align:start position:0% you know uh barriers to entry as well uh 00:45:53.160 --> 00:45:54.890 align:start position:0% you know uh barriers to entry as well uh but<00:45:53.339> at<00:45:53.460> this<00:45:53.579> moment<00:45:53.760> I<00:45:54.000> don't<00:45:54.119> think<00:45:54.300> that<00:45:54.660> a 00:45:54.890 --> 00:45:54.900 align:start position:0% but at this moment I don't think that a 00:45:54.900 --> 00:45:56.150 align:start position:0% but at this moment I don't think that a lot<00:45:55.200> of<00:45:55.260> people<00:45:55.380> are<00:45:55.560> putting<00:45:55.800> identity 00:45:56.150 --> 00:45:56.160 align:start position:0% lot of people are putting identity 00:45:56.160 --> 00:45:57.710 align:start position:0% lot of people are putting identity directly<00:45:56.640> on<00:45:56.760> blockchain<00:45:57.119> or<00:45:57.599> maybe 00:45:57.710 --> 00:45:57.720 align:start position:0% directly on blockchain or maybe 00:45:57.720 --> 00:45:59.510 align:start position:0% directly on blockchain or maybe combining<00:45:58.619> it<00:45:58.740> with<00:45:58.920> some<00:45:59.099> sort<00:45:59.220> of<00:45:59.339> did 00:45:59.510 --> 00:45:59.520 align:start position:0% combining it with some sort of did 00:45:59.520 --> 00:46:01.670 align:start position:0% combining it with some sort of did decentralized<00:46:00.359> identity<00:46:00.780> and<00:46:01.260> making<00:46:01.440> it 00:46:01.670 --> 00:46:01.680 align:start position:0% decentralized identity and making it 00:46:01.680 --> 00:46:04.309 align:start position:0% decentralized identity and making it work<00:46:01.859> but<00:46:02.160> not<00:46:02.280> not<00:46:02.460> in<00:46:02.700> 100<00:46:02.760> of<00:46:03.300> it 00:46:04.309 --> 00:46:04.319 align:start position:0% work but not not in 100 of it 00:46:04.319 --> 00:46:06.890 align:start position:0% work but not not in 100 of it yeah<00:46:04.980> in<00:46:05.280> my<00:46:05.579> opinion<00:46:05.880> I<00:46:06.000> think<00:46:06.300> it<00:46:06.660> could<00:46:06.780> be 00:46:06.890 --> 00:46:06.900 align:start position:0% yeah in my opinion I think it could be 00:46:06.900 --> 00:46:09.109 align:start position:0% yeah in my opinion I think it could be interesting<00:46:07.319> combining<00:46:08.040> reputation<00:46:08.760> with 00:46:09.109 --> 00:46:09.119 align:start position:0% interesting combining reputation with 00:46:09.119 --> 00:46:12.290 align:start position:0% interesting combining reputation with proof<00:46:09.480> of<00:46:09.540> humanity<00:46:10.020> because<00:46:10.920> that<00:46:11.460> makes<00:46:11.760> uh 00:46:12.290 --> 00:46:12.300 align:start position:0% proof of humanity because that makes uh 00:46:12.300 --> 00:46:14.809 align:start position:0% proof of humanity because that makes uh if<00:46:12.599> someone<00:46:12.780> uh<00:46:13.680> for<00:46:13.859> example<00:46:14.040> didn't<00:46:14.280> pay<00:46:14.640> a 00:46:14.809 --> 00:46:14.819 align:start position:0% if someone uh for example didn't pay a 00:46:14.819 --> 00:46:16.670 align:start position:0% if someone uh for example didn't pay a saving<00:46:15.119> Circle<00:46:15.300> they<00:46:15.720> get<00:46:15.900> a<00:46:16.020> bad<00:46:16.140> reputation 00:46:16.670 --> 00:46:16.680 align:start position:0% saving Circle they get a bad reputation 00:46:16.680 --> 00:46:19.670 align:start position:0% saving Circle they get a bad reputation in<00:46:16.920> their<00:46:17.040> wallet<00:46:17.339> and<00:46:17.460> it's<00:46:17.640> permanent<00:46:18.119> right 00:46:19.670 --> 00:46:19.680 align:start position:0% in their wallet and it's permanent right 00:46:19.680 --> 00:46:21.170 align:start position:0% in their wallet and it's permanent right um<00:46:19.800> then<00:46:20.160> they<00:46:20.339> can<00:46:20.460> just<00:46:20.579> change<00:46:20.760> wallets 00:46:21.170 --> 00:46:21.180 align:start position:0% um then they can just change wallets 00:46:21.180 --> 00:46:24.710 align:start position:0% um then they can just change wallets right<00:46:21.480> but<00:46:21.900> linking<00:46:22.859> that<00:46:23.160> to<00:46:23.700> uh<00:46:24.300> proof<00:46:24.660> of 00:46:24.710 --> 00:46:24.720 align:start position:0% right but linking that to uh proof of 00:46:24.720 --> 00:46:27.109 align:start position:0% right but linking that to uh proof of humanity<00:46:25.079> I<00:46:25.319> think<00:46:25.440> that's<00:46:25.680> interesting<00:46:26.220> uh 00:46:27.109 --> 00:46:27.119 align:start position:0% humanity I think that's interesting uh 00:46:27.119 --> 00:46:28.970 align:start position:0% humanity I think that's interesting uh for<00:46:27.300> a<00:46:27.420> moment<00:46:27.540> we're<00:46:27.780> not<00:46:27.960> putting<00:46:28.319> any 00:46:28.970 --> 00:46:28.980 align:start position:0% for a moment we're not putting any 00:46:28.980 --> 00:46:31.550 align:start position:0% for a moment we're not putting any personal<00:46:29.400> information<00:46:29.819> on<00:46:30.420> chain<00:46:30.720> it's<00:46:31.140> your 00:46:31.550 --> 00:46:31.560 align:start position:0% personal information on chain it's your 00:46:31.560 --> 00:46:33.710 align:start position:0% personal information on chain it's your wallet<00:46:31.920> if<00:46:32.339> you<00:46:32.460> paid<00:46:32.640> or<00:46:33.060> you<00:46:33.240> didn't<00:46:33.420> pay 00:46:33.710 --> 00:46:33.720 align:start position:0% wallet if you paid or you didn't pay 00:46:33.720 --> 00:46:35.930 align:start position:0% wallet if you paid or you didn't pay it's<00:46:34.200> stored<00:46:34.680> with<00:46:35.099> the<00:46:35.280> event<00:46:35.400> of<00:46:35.700> the<00:46:35.819> smart 00:46:35.930 --> 00:46:35.940 align:start position:0% it's stored with the event of the smart 00:46:35.940 --> 00:46:39.170 align:start position:0% it's stored with the event of the smart contract<00:46:36.420> and<00:46:37.020> that's<00:46:37.140> how<00:46:37.319> it's<00:46:37.500> tracked 00:46:39.170 --> 00:46:39.180 align:start position:0% contract and that's how it's tracked 00:46:39.180 --> 00:46:40.550 align:start position:0% contract and that's how it's tracked thank<00:46:39.780> you 00:46:40.550 --> 00:46:40.560 align:start position:0% thank you 00:46:40.560 --> 00:46:42.829 align:start position:0% thank you um<00:46:40.619> yeah<00:46:41.099> sure<00:46:41.339> right<00:46:41.579> right<00:46:41.640> there 00:46:42.829 --> 00:46:42.839 align:start position:0% um yeah sure right right there 00:46:42.839 --> 00:46:45.290 align:start position:0% um yeah sure right right there second<00:46:43.319> row 00:46:45.290 --> 00:46:45.300 align:start position:0% second row 00:46:45.300 --> 00:46:47.109 align:start position:0% second row okay 00:46:47.109 --> 00:46:47.119 align:start position:0% okay 00:46:47.119 --> 00:46:50.809 align:start position:0% okay the<00:46:48.119> principle<00:46:48.599> the<00:46:49.079> capital<00:46:49.319> comes<00:46:50.099> from<00:46:50.280> D5 00:46:50.809 --> 00:46:50.819 align:start position:0% the principle the capital comes from D5 00:46:50.819 --> 00:46:55.329 align:start position:0% the principle the capital comes from D5 or<00:46:51.180> C5<00:46:51.660> and<00:46:52.400> the<00:46:53.400> interest<00:46:53.520> rate<00:46:53.880> the<00:46:54.480> initial 00:46:55.329 --> 00:46:55.339 align:start position:0% or C5 and the interest rate the initial 00:46:55.339 --> 00:46:59.930 align:start position:0% or C5 and the interest rate the initial guari<00:46:56.540> approximately<00:46:57.540> uh<00:46:58.140> how<00:46:58.920> much<00:46:59.099> pay<00:46:59.460> of 00:46:59.930 --> 00:46:59.940 align:start position:0% guari approximately uh how much pay of 00:46:59.940 --> 00:47:03.349 align:start position:0% guari approximately uh how much pay of Interest<00:47:00.180> the<00:47:01.020> the<00:47:01.740> taker<00:47:02.280> thank<00:47:02.880> you<00:47:02.940> I<00:47:03.180> think 00:47:03.349 --> 00:47:03.359 align:start position:0% Interest the the taker thank you I think 00:47:03.359 --> 00:47:05.450 align:start position:0% Interest the the taker thank you I think that<00:47:03.540> the<00:47:03.660> question<00:47:03.780> is<00:47:03.960> to<00:47:04.140> me<00:47:04.260> anyway<00:47:04.380> so 00:47:05.450 --> 00:47:05.460 align:start position:0% that the question is to me anyway so 00:47:05.460 --> 00:47:07.670 align:start position:0% that the question is to me anyway so um so<00:47:06.000> uh<00:47:06.300> yeah<00:47:06.480> so<00:47:06.780> that's<00:47:07.020> that's<00:47:07.200> a<00:47:07.440> that's 00:47:07.670 --> 00:47:07.680 align:start position:0% um so uh yeah so that's that's a that's 00:47:07.680 --> 00:47:09.349 align:start position:0% um so uh yeah so that's that's a that's a<00:47:07.800> beautiful<00:47:07.920> part<00:47:08.220> of<00:47:08.400> the<00:47:08.579> entire<00:47:08.940> platform 00:47:09.349 --> 00:47:09.359 align:start position:0% a beautiful part of the entire platform 00:47:09.359 --> 00:47:11.510 align:start position:0% a beautiful part of the entire platform since<00:47:10.020> two<00:47:10.260> and<00:47:10.440> a<00:47:10.500> half<00:47:10.560> years<00:47:10.740> banks<00:47:11.400> have 00:47:11.510 --> 00:47:11.520 align:start position:0% since two and a half years banks have 00:47:11.520 --> 00:47:13.010 align:start position:0% since two and a half years banks have already<00:47:11.700> been<00:47:11.940> giving<00:47:12.240> loans<00:47:12.599> on<00:47:12.900> the 00:47:13.010 --> 00:47:13.020 align:start position:0% already been giving loans on the 00:47:13.020 --> 00:47:15.109 align:start position:0% already been giving loans on the platform<00:47:13.319> 7<00:47:13.680> million<00:47:14.040> till<00:47:14.220> now<00:47:14.400> that's 00:47:15.109 --> 00:47:15.119 align:start position:0% platform 7 million till now that's 00:47:15.119 --> 00:47:16.670 align:start position:0% platform 7 million till now that's completely<00:47:15.420> centralized<00:47:15.960> finance<00:47:16.260> loan<00:47:16.500> as 00:47:16.670 --> 00:47:16.680 align:start position:0% completely centralized finance loan as 00:47:16.680 --> 00:47:17.630 align:start position:0% completely centralized finance loan as you<00:47:16.740> can<00:47:16.859> see 00:47:17.630 --> 00:47:17.640 align:start position:0% you can see 00:47:17.640 --> 00:47:20.510 align:start position:0% you can see now<00:47:18.599> once<00:47:19.260> we<00:47:19.319> go<00:47:19.500> live<00:47:19.619> on<00:47:19.859> the<00:47:19.920> mainnet<00:47:20.280> it 00:47:20.510 --> 00:47:20.520 align:start position:0% now once we go live on the mainnet it 00:47:20.520 --> 00:47:23.390 align:start position:0% now once we go live on the mainnet it would<00:47:20.700> be<00:47:20.940> uh<00:47:21.540> D5<00:47:21.900> loans<00:47:22.260> as<00:47:22.380> well<00:47:22.560> they<00:47:23.220> would 00:47:23.390 --> 00:47:23.400 align:start position:0% would be uh D5 loans as well they would 00:47:23.400 --> 00:47:26.089 align:start position:0% would be uh D5 loans as well they would be<00:47:23.520> disjointed<00:47:24.500> amongst<00:47:25.500> themselves<00:47:25.800> right 00:47:26.089 --> 00:47:26.099 align:start position:0% be disjointed amongst themselves right 00:47:26.099 --> 00:47:28.430 align:start position:0% be disjointed amongst themselves right the<00:47:26.280> C5<00:47:26.579> D5<00:47:26.940> part<00:47:27.180> but<00:47:27.660> the<00:47:27.839> Pharma<00:47:28.140> would<00:47:28.319> have 00:47:28.430 --> 00:47:28.440 align:start position:0% the C5 D5 part but the Pharma would have 00:47:28.440 --> 00:47:30.230 align:start position:0% the C5 D5 part but the Pharma would have access<00:47:28.560> to<00:47:28.800> both<00:47:28.980> from<00:47:29.640> the<00:47:29.760> click<00:47:30.000> of<00:47:30.119> a 00:47:30.230 --> 00:47:30.240 align:start position:0% access to both from the click of a 00:47:30.240 --> 00:47:32.390 align:start position:0% access to both from the click of a button<00:47:30.480> so<00:47:30.839> you<00:47:30.960> see<00:47:31.140> it's<00:47:31.800> a<00:47:31.920> bridge<00:47:32.040> it's<00:47:32.220> not 00:47:32.390 --> 00:47:32.400 align:start position:0% button so you see it's a bridge it's not 00:47:32.400 --> 00:47:33.710 align:start position:0% button so you see it's a bridge it's not we<00:47:32.579> are<00:47:32.700> stopping<00:47:33.060> one<00:47:33.119> and<00:47:33.300> starting<00:47:33.480> another 00:47:33.710 --> 00:47:33.720 align:start position:0% we are stopping one and starting another 00:47:33.720 --> 00:47:35.390 align:start position:0% we are stopping one and starting another it's<00:47:34.079> just<00:47:34.260> that<00:47:34.380> we're<00:47:34.500> bridging<00:47:34.980> in<00:47:35.339> fact 00:47:35.390 --> 00:47:35.400 align:start position:0% it's just that we're bridging in fact 00:47:35.400 --> 00:47:37.250 align:start position:0% it's just that we're bridging in fact yeah<00:47:35.579> so<00:47:35.880> that's<00:47:36.300> that's<00:47:36.480> what<00:47:36.780> it's<00:47:36.960> the<00:47:37.140> need 00:47:37.250 --> 00:47:37.260 align:start position:0% yeah so that's that's what it's the need 00:47:37.260 --> 00:47:38.690 align:start position:0% yeah so that's that's what it's the need of<00:47:37.380> the<00:47:37.500> art<00:47:37.619> at<00:47:37.800> this<00:47:37.920> moment<00:47:38.099> and<00:47:38.339> whenever 00:47:38.690 --> 00:47:38.700 align:start position:0% of the art at this moment and whenever 00:47:38.700 --> 00:47:40.970 align:start position:0% of the art at this moment and whenever the<00:47:39.119> farmer<00:47:39.420> would<00:47:39.599> see<00:47:39.720> that<00:47:39.900> okay<00:47:40.020> one<00:47:40.380> C5 00:47:40.970 --> 00:47:40.980 align:start position:0% the farmer would see that okay one C5 00:47:40.980 --> 00:47:42.770 align:start position:0% the farmer would see that okay one C5 has<00:47:41.160> a<00:47:41.280> lower<00:47:41.400> interest<00:47:41.640> rate<00:47:41.880> or<00:47:42.240> defazer 00:47:42.770 --> 00:47:42.780 align:start position:0% has a lower interest rate or defazer 00:47:42.780 --> 00:47:43.849 align:start position:0% has a lower interest rate or defazer lower<00:47:42.900> interest<00:47:43.079> rate<00:47:43.260> they<00:47:43.440> can<00:47:43.560> just<00:47:43.680> go 00:47:43.849 --> 00:47:43.859 align:start position:0% lower interest rate they can just go 00:47:43.859 --> 00:47:46.190 align:start position:0% lower interest rate they can just go ahead<00:47:43.980> and<00:47:44.099> choose<00:47:44.700> that<00:47:44.819> option<00:47:45.119> farmer<00:47:45.780> has 00:47:46.190 --> 00:47:46.200 align:start position:0% ahead and choose that option farmer has 00:47:46.200 --> 00:47:47.210 align:start position:0% ahead and choose that option farmer has nothing<00:47:46.380> to<00:47:46.560> do<00:47:46.619> with<00:47:46.740> which<00:47:46.980> I'm 00:47:47.210 --> 00:47:47.220 align:start position:0% nothing to do with which I'm 00:47:47.220 --> 00:47:49.490 align:start position:0% nothing to do with which I'm specifically<00:47:47.760> choosing<00:47:48.180> right<00:47:48.660> one<00:47:49.319> point 00:47:49.490 --> 00:47:49.500 align:start position:0% specifically choosing right one point 00:47:49.500 --> 00:47:51.890 align:start position:0% specifically choosing right one point here<00:47:49.680> is<00:47:49.859> that<00:47:50.099> for<00:47:50.700> the<00:47:50.819> D5<00:47:51.060> solution<00:47:51.420> we 00:47:51.890 --> 00:47:51.900 align:start position:0% here is that for the D5 solution we 00:47:51.900 --> 00:47:53.210 align:start position:0% here is that for the D5 solution we would<00:47:52.020> also<00:47:52.260> need<00:47:52.380> an<00:47:52.560> off-ramp<00:47:52.980> solution 00:47:53.210 --> 00:47:53.220 align:start position:0% would also need an off-ramp solution 00:47:53.220 --> 00:47:55.430 align:start position:0% would also need an off-ramp solution because<00:47:53.460> you<00:47:53.760> can<00:47:53.880> imagine<00:47:54.060> I<00:47:54.780> can<00:47:55.200> just<00:47:55.319> go 00:47:55.430 --> 00:47:55.440 align:start position:0% because you can imagine I can just go 00:47:55.440 --> 00:47:57.589 align:start position:0% because you can imagine I can just go ahead<00:47:55.560> and<00:47:55.619> give<00:47:55.859> usdc<00:47:56.579> to<00:47:56.819> a<00:47:57.000> farmer<00:47:57.300> and<00:47:57.420> say 00:47:57.589 --> 00:47:57.599 align:start position:0% ahead and give usdc to a farmer and say 00:47:57.599 --> 00:47:59.150 align:start position:0% ahead and give usdc to a farmer and say that<00:47:57.720> okay<00:47:57.900> yeah<00:47:58.079> you<00:47:58.319> know<00:47:58.440> buy<00:47:58.800> your<00:47:58.980> next 00:47:59.150 --> 00:47:59.160 align:start position:0% that okay yeah you know buy your next 00:47:59.160 --> 00:48:01.130 align:start position:0% that okay yeah you know buy your next crops<00:47:59.520> uh<00:47:59.940> you<00:48:00.060> know<00:48:00.119> next<00:48:00.540> season<00:48:00.660> cycle<00:48:00.960> for 00:48:01.130 --> 00:48:01.140 align:start position:0% crops uh you know next season cycle for 00:48:01.140 --> 00:48:03.170 align:start position:0% crops uh you know next season cycle for that<00:48:01.319> with<00:48:01.619> that<00:48:01.740> usdc<00:48:02.339> so<00:48:02.760> that<00:48:02.880> is<00:48:03.000> the 00:48:03.170 --> 00:48:03.180 align:start position:0% that with that usdc so that is the 00:48:03.180 --> 00:48:04.970 align:start position:0% that with that usdc so that is the challenge<00:48:03.359> you<00:48:04.200> asked<00:48:04.380> about<00:48:04.440> interest<00:48:04.740> rate 00:48:04.970 --> 00:48:04.980 align:start position:0% challenge you asked about interest rate 00:48:04.980 --> 00:48:07.069 align:start position:0% challenge you asked about interest rate it<00:48:05.280> is<00:48:05.520> uh<00:48:06.000> currently<00:48:06.359> nine<00:48:06.660> percent<00:48:06.780> for 00:48:07.069 --> 00:48:07.079 align:start position:0% it is uh currently nine percent for 00:48:07.079 --> 00:48:10.130 align:start position:0% it is uh currently nine percent for annum<00:48:07.560> so<00:48:08.220> it's<00:48:08.520> very<00:48:08.940> low<00:48:09.180> it's<00:48:09.660> one<00:48:09.960> of<00:48:10.079> the 00:48:10.130 --> 00:48:10.140 align:start position:0% annum so it's very low it's one of the 00:48:10.140 --> 00:48:12.710 align:start position:0% annum so it's very low it's one of the lowest<00:48:10.440> in<00:48:10.619> India<00:48:10.980> and<00:48:11.579> we<00:48:11.819> have<00:48:12.000> seen<00:48:12.420> across 00:48:12.710 --> 00:48:12.720 align:start position:0% lowest in India and we have seen across 00:48:12.720 --> 00:48:13.910 align:start position:0% lowest in India and we have seen across other<00:48:12.839> countries<00:48:13.140> as<00:48:13.319> well<00:48:13.500> that<00:48:13.740> this 00:48:13.910 --> 00:48:13.920 align:start position:0% other countries as well that this 00:48:13.920 --> 00:48:16.190 align:start position:0% other countries as well that this interest<00:48:14.099> rate<00:48:14.400> is<00:48:14.640> very<00:48:14.760> very<00:48:14.940> low<00:48:15.180> uh<00:48:15.900> in<00:48:16.079> the 00:48:16.190 --> 00:48:16.200 align:start position:0% interest rate is very very low uh in the 00:48:16.200 --> 00:48:17.990 align:start position:0% interest rate is very very low uh in the market<00:48:16.319> and<00:48:16.859> once<00:48:17.099> we<00:48:17.160> go<00:48:17.280> on<00:48:17.339> D5<00:48:17.579> were 00:48:17.990 --> 00:48:18.000 align:start position:0% market and once we go on D5 were 00:48:18.000 --> 00:48:19.250 align:start position:0% market and once we go on D5 were expecting<00:48:18.420> somewhere<00:48:18.660> around<00:48:18.780> seven<00:48:19.079> to 00:48:19.250 --> 00:48:19.260 align:start position:0% expecting somewhere around seven to 00:48:19.260 --> 00:48:21.170 align:start position:0% expecting somewhere around seven to eleven<00:48:19.500> percent<00:48:19.619> again<00:48:20.099> which<00:48:20.700> is<00:48:20.880> a<00:48:21.060> very 00:48:21.170 --> 00:48:21.180 align:start position:0% eleven percent again which is a very 00:48:21.180 --> 00:48:23.990 align:start position:0% eleven percent again which is a very stable<00:48:21.480> interest<00:48:21.660> rate<00:48:21.960> in<00:48:22.200> in<00:48:22.440> terms<00:48:22.680> of<00:48:22.800> D5 00:48:23.990 --> 00:48:24.000 align:start position:0% stable interest rate in in terms of D5 00:48:24.000 --> 00:48:25.670 align:start position:0% stable interest rate in in terms of D5 I'm<00:48:24.480> personally<00:48:24.660> really<00:48:24.839> excited<00:48:25.140> for<00:48:25.319> when<00:48:25.440> a 00:48:25.670 --> 00:48:25.680 align:start position:0% I'm personally really excited for when a 00:48:25.680 --> 00:48:27.890 align:start position:0% I'm personally really excited for when a farmer<00:48:25.980> in<00:48:26.220> India<00:48:26.520> can<00:48:26.880> buy<00:48:27.119> their<00:48:27.480> crops<00:48:27.780> with 00:48:27.890 --> 00:48:27.900 align:start position:0% farmer in India can buy their crops with 00:48:27.900 --> 00:48:29.690 align:start position:0% farmer in India can buy their crops with crypto<00:48:28.260> that's<00:48:28.619> that's<00:48:28.859> right<00:48:29.160> something<00:48:29.520> to 00:48:29.690 --> 00:48:29.700 align:start position:0% crypto that's that's right something to 00:48:29.700 --> 00:48:30.950 align:start position:0% crypto that's that's right something to be<00:48:29.819> excited<00:48:30.000> about<00:48:30.180> yeah 00:48:30.950 --> 00:48:30.960 align:start position:0% be excited about yeah 00:48:30.960 --> 00:48:33.530 align:start position:0% be excited about yeah so<00:48:31.800> um<00:48:31.859> yeah<00:48:32.099> deeper<00:48:32.640> there<00:48:32.819> and<00:48:33.119> this<00:48:33.240> will<00:48:33.359> be 00:48:33.530 --> 00:48:33.540 align:start position:0% so um yeah deeper there and this will be 00:48:33.540 --> 00:48:36.530 align:start position:0% so um yeah deeper there and this will be the<00:48:33.720> the<00:48:33.960> last<00:48:34.319> question<00:48:34.920> and<00:48:35.880> then<00:48:36.060> uh<00:48:36.300> we'll 00:48:36.530 --> 00:48:36.540 align:start position:0% the the last question and then uh we'll 00:48:36.540 --> 00:48:38.210 align:start position:0% the the last question and then uh we'll just<00:48:36.720> yeah<00:48:36.960> I<00:48:37.440> just<00:48:37.560> wanted<00:48:37.680> to<00:48:37.920> say<00:48:37.980> that 00:48:38.210 --> 00:48:38.220 align:start position:0% just yeah I just wanted to say that 00:48:38.220 --> 00:48:39.890 align:start position:0% just yeah I just wanted to say that ethereum<00:48:38.700> Foundation<00:48:39.060> has<00:48:39.300> done<00:48:39.480> a<00:48:39.660> great<00:48:39.780> job 00:48:39.890 --> 00:48:39.900 align:start position:0% ethereum Foundation has done a great job 00:48:39.900 --> 00:48:41.390 align:start position:0% ethereum Foundation has done a great job by<00:48:40.140> uniting 00:48:41.390 --> 00:48:41.400 align:start position:0% by uniting 00:48:41.400 --> 00:48:43.010 align:start position:0% by uniting for<00:48:41.760> I<00:48:42.060> don't<00:48:42.180> know<00:48:42.300> how<00:48:42.420> many<00:48:42.540> fellows<00:48:42.900> are 00:48:43.010 --> 00:48:43.020 align:start position:0% for I don't know how many fellows are 00:48:43.020 --> 00:48:44.630 align:start position:0% for I don't know how many fellows are there<00:48:43.140> in<00:48:43.319> all<00:48:43.560> together<00:48:43.740> there's<00:48:44.220> seven 00:48:44.630 --> 00:48:44.640 align:start position:0% there in all together there's seven 00:48:44.640 --> 00:48:46.370 align:start position:0% there in all together there's seven seven<00:48:45.060> in<00:48:45.359> the<00:48:45.480> second<00:48:45.599> cohort<00:48:46.020> and<00:48:46.200> now<00:48:46.319> you 00:48:46.370 --> 00:48:46.380 align:start position:0% seven in the second cohort and now you 00:48:46.380 --> 00:48:47.930 align:start position:0% seven in the second cohort and now you all<00:48:46.500> are<00:48:46.619> talking<00:48:46.740> to<00:48:46.980> each<00:48:47.099> other<00:48:47.220> and<00:48:47.640> you're 00:48:47.930 --> 00:48:47.940 align:start position:0% all are talking to each other and you're 00:48:47.940 --> 00:48:49.190 align:start position:0% all are talking to each other and you're collaborating<00:48:48.420> and<00:48:48.660> learning<00:48:48.900> from<00:48:49.020> each 00:48:49.190 --> 00:48:49.200 align:start position:0% collaborating and learning from each 00:48:49.200 --> 00:48:50.809 align:start position:0% collaborating and learning from each other<00:48:49.319> but<00:48:49.560> there<00:48:49.740> are<00:48:49.859> many<00:48:50.040> other<00:48:50.339> projects 00:48:50.809 --> 00:48:50.819 align:start position:0% other but there are many other projects 00:48:50.819 --> 00:48:53.990 align:start position:0% other but there are many other projects in<00:48:51.480> the<00:48:51.660> ethereum<00:48:52.079> ecosystem<00:48:52.560> and<00:48:53.160> that<00:48:53.819> are 00:48:53.990 --> 00:48:54.000 align:start position:0% in the ethereum ecosystem and that are 00:48:54.000 --> 00:48:55.550 align:start position:0% in the ethereum ecosystem and that are doing<00:48:54.180> reaching<00:48:54.839> to<00:48:54.960> the<00:48:55.079> next<00:48:55.200> billion 00:48:55.550 --> 00:48:55.560 align:start position:0% doing reaching to the next billion 00:48:55.560 --> 00:48:56.990 align:start position:0% doing reaching to the next billion people<00:48:55.740> like<00:48:55.980> this<00:48:56.099> good<00:48:56.339> dollar<00:48:56.520> there's 00:48:56.990 --> 00:48:57.000 align:start position:0% people like this good dollar there's 00:48:57.000 --> 00:48:59.809 align:start position:0% people like this good dollar there's proof<00:48:57.300> of<00:48:57.359> humanity<00:48:57.839> there<00:48:58.260> is<00:48:58.440> uh<00:48:58.920> human<00:48:59.400> Dao 00:48:59.809 --> 00:48:59.819 align:start position:0% proof of humanity there is uh human Dao 00:48:59.819 --> 00:49:01.970 align:start position:0% proof of humanity there is uh human Dao human<00:49:00.000> Dao<00:49:00.420> is<00:49:00.540> actually<00:49:00.660> bringing<00:49:01.140> work<00:49:01.440> to 00:49:01.970 --> 00:49:01.980 align:start position:0% human Dao is actually bringing work to 00:49:01.980 --> 00:49:03.770 align:start position:0% human Dao is actually bringing work to people<00:49:02.160> providing<00:49:02.700> economic<00:49:03.240> opportunities 00:49:03.770 --> 00:49:03.780 align:start position:0% people providing economic opportunities 00:49:03.780 --> 00:49:06.050 align:start position:0% people providing economic opportunities so<00:49:04.500> I<00:49:04.619> think<00:49:04.800> it's<00:49:05.099> very<00:49:05.339> important<00:49:05.640> that 00:49:06.050 --> 00:49:06.060 align:start position:0% so I think it's very important that 00:49:06.060 --> 00:49:07.970 align:start position:0% so I think it's very important that maybe<00:49:06.780> we<00:49:07.020> need<00:49:07.200> to<00:49:07.319> form<00:49:07.440> like<00:49:07.680> a<00:49:07.859> next 00:49:07.970 --> 00:49:07.980 align:start position:0% maybe we need to form like a next 00:49:07.980 --> 00:49:10.010 align:start position:0% maybe we need to form like a next billion<00:49:08.400> Dao<00:49:08.819> or<00:49:09.000> something<00:49:09.180> where<00:49:09.599> everybody 00:49:10.010 --> 00:49:10.020 align:start position:0% billion Dao or something where everybody 00:49:10.020 --> 00:49:14.150 align:start position:0% billion Dao or something where everybody can<00:49:10.619> be<00:49:11.160> in<00:49:11.400> one<00:49:11.640> group<00:49:11.819> and<00:49:12.720> then<00:49:12.960> on<00:49:13.740> top<00:49:13.920> of 00:49:14.150 --> 00:49:14.160 align:start position:0% can be in one group and then on top of 00:49:14.160 --> 00:49:16.250 align:start position:0% can be in one group and then on top of your<00:49:14.640> like<00:49:14.940> your<00:49:15.240> services<00:49:15.540> you<00:49:15.900> can<00:49:16.020> provide 00:49:16.250 --> 00:49:16.260 align:start position:0% your like your services you can provide 00:49:16.260 --> 00:49:18.589 align:start position:0% your like your services you can provide their<00:49:16.500> services<00:49:16.740> and<00:49:17.280> stuff<00:49:17.460> like<00:49:17.640> that<00:49:17.880> and 00:49:18.589 --> 00:49:18.599 align:start position:0% their services and stuff like that and 00:49:18.599 --> 00:49:20.990 align:start position:0% their services and stuff like that and learn<00:49:18.780> from<00:49:18.960> each<00:49:19.200> other<00:49:19.319> because<00:49:20.160> uh<00:49:20.700> for 00:49:20.990 --> 00:49:21.000 align:start position:0% learn from each other because uh for 00:49:21.000 --> 00:49:22.670 align:start position:0% learn from each other because uh for instance<00:49:21.180> good<00:49:21.420> dollars<00:49:21.900> in<00:49:22.140> over<00:49:22.319> 200 00:49:22.670 --> 00:49:22.680 align:start position:0% instance good dollars in over 200 00:49:22.680 --> 00:49:25.130 align:start position:0% instance good dollars in over 200 countries<00:49:23.099> and<00:49:24.060> as<00:49:24.420> part<00:49:24.599> of<00:49:24.720> my<00:49:24.780> study 00:49:25.130 --> 00:49:25.140 align:start position:0% countries and as part of my study 00:49:25.140 --> 00:49:26.329 align:start position:0% countries and as part of my study because<00:49:25.260> I'm<00:49:25.440> writing<00:49:25.680> a<00:49:25.740> book<00:49:25.859> on<00:49:25.980> impact 00:49:26.329 --> 00:49:26.339 align:start position:0% because I'm writing a book on impact 00:49:26.339 --> 00:49:28.490 align:start position:0% because I'm writing a book on impact that<00:49:26.520> was<00:49:26.760> uh<00:49:27.359> human<00:49:27.540> now<00:49:27.839> and<00:49:28.020> good<00:49:28.079> develop<00:49:28.319> a 00:49:28.490 --> 00:49:28.500 align:start position:0% that was uh human now and good develop a 00:49:28.500 --> 00:49:29.750 align:start position:0% that was uh human now and good develop a part<00:49:28.619> of<00:49:28.740> my<00:49:28.800> studies<00:49:29.099> and<00:49:29.220> they<00:49:29.339> got<00:49:29.460> to<00:49:29.579> learn 00:49:29.750 --> 00:49:29.760 align:start position:0% part of my studies and they got to learn 00:49:29.760 --> 00:49:31.130 align:start position:0% part of my studies and they got to learn about<00:49:29.940> each<00:49:30.240> other<00:49:30.359> and<00:49:30.599> now<00:49:30.780> they're<00:49:30.900> working 00:49:31.130 --> 00:49:31.140 align:start position:0% about each other and now they're working 00:49:31.140 --> 00:49:32.030 align:start position:0% about each other and now they're working together 00:49:32.030 --> 00:49:32.040 align:start position:0% together 00:49:32.040 --> 00:49:34.250 align:start position:0% together you<00:49:32.640> know<00:49:32.760> in<00:49:33.119> in<00:49:33.480> a<00:49:33.660> lot<00:49:33.720> of<00:49:33.839> countries<00:49:34.079> that 00:49:34.250 --> 00:49:34.260 align:start position:0% you know in in a lot of countries that 00:49:34.260 --> 00:49:35.630 align:start position:0% you know in in a lot of countries that they're<00:49:34.380> going<00:49:34.560> to<00:49:34.740> so<00:49:34.980> I<00:49:35.160> think<00:49:35.280> it's<00:49:35.460> very 00:49:35.630 --> 00:49:35.640 align:start position:0% they're going to so I think it's very 00:49:35.640 --> 00:49:37.849 align:start position:0% they're going to so I think it's very important<00:49:35.940> that<00:49:36.240> we<00:49:36.540> start<00:49:37.260> like<00:49:37.560> a<00:49:37.740> next 00:49:37.849 --> 00:49:37.859 align:start position:0% important that we start like a next 00:49:37.859 --> 00:49:39.950 align:start position:0% important that we start like a next billion<00:49:38.280> Dao<00:49:38.640> or<00:49:38.880> something<00:49:39.000> like<00:49:39.240> that 00:49:39.950 --> 00:49:39.960 align:start position:0% billion Dao or something like that 00:49:39.960 --> 00:49:41.870 align:start position:0% billion Dao or something like that I<00:49:40.380> think<00:49:40.740> that's<00:49:40.920> like<00:49:41.160> a<00:49:41.400> really<00:49:41.700> really 00:49:41.870 --> 00:49:41.880 align:start position:0% I think that's like a really really 00:49:41.880 --> 00:49:43.730 align:start position:0% I think that's like a really really fascinating<00:49:42.540> idea<00:49:42.900> and<00:49:43.020> I<00:49:43.319> mean<00:49:43.440> I<00:49:43.619> think 00:49:43.730 --> 00:49:43.740 align:start position:0% fascinating idea and I mean I think 00:49:43.740 --> 00:49:45.230 align:start position:0% fascinating idea and I mean I think that's<00:49:43.859> a<00:49:44.040> lot<00:49:44.160> of<00:49:44.220> the<00:49:44.400> the<00:49:44.760> work<00:49:44.940> that<00:49:45.119> I'm 00:49:45.230 --> 00:49:45.240 align:start position:0% that's a lot of the the work that I'm 00:49:45.240 --> 00:49:47.809 align:start position:0% that's a lot of the the work that I'm doing<00:49:45.359> is<00:49:45.540> basically<00:49:46.079> ecosystem<00:49:46.619> research 00:49:47.809 --> 00:49:47.819 align:start position:0% doing is basically ecosystem research 00:49:47.819 --> 00:49:49.309 align:start position:0% doing is basically ecosystem research um<00:49:47.880> and<00:49:48.300> what<00:49:48.660> will<00:49:48.780> come<00:49:48.960> out<00:49:49.020> of<00:49:49.140> that<00:49:49.260> is 00:49:49.309 --> 00:49:49.319 align:start position:0% um and what will come out of that is 00:49:49.319 --> 00:49:50.690 align:start position:0% um and what will come out of that is basically<00:49:49.560> a<00:49:49.740> whole<00:49:49.859> ecosystem<00:49:50.220> map<00:49:50.520> of 00:49:50.690 --> 00:49:50.700 align:start position:0% basically a whole ecosystem map of 00:49:50.700 --> 00:49:52.609 align:start position:0% basically a whole ecosystem map of different<00:49:50.880> folks<00:49:51.359> working<00:49:52.079> on<00:49:52.440> these 00:49:52.609 --> 00:49:52.619 align:start position:0% different folks working on these 00:49:52.619 --> 00:49:54.230 align:start position:0% different folks working on these specific<00:49:52.859> Solutions<00:49:53.280> sort<00:49:53.700> of<00:49:53.819> focusing<00:49:54.119> on 00:49:54.230 --> 00:49:54.240 align:start position:0% specific Solutions sort of focusing on 00:49:54.240 --> 00:49:55.609 align:start position:0% specific Solutions sort of focusing on defy 00:49:55.609 --> 00:49:55.619 align:start position:0% defy 00:49:55.619 --> 00:49:57.290 align:start position:0% defy um<00:49:55.680> so<00:49:55.920> I<00:49:56.099> think<00:49:56.400> that's<00:49:56.520> a<00:49:56.700> great<00:49:57.000> proposition 00:49:57.290 --> 00:49:57.300 align:start position:0% um so I think that's a great proposition 00:49:57.300 --> 00:49:58.490 align:start position:0% um so I think that's a great proposition I<00:49:57.480> don't<00:49:57.599> know<00:49:57.660> if<00:49:57.839> there's<00:49:58.140> anything<00:49:58.319> else 00:49:58.490 --> 00:49:58.500 align:start position:0% I don't know if there's anything else 00:49:58.500 --> 00:50:00.710 align:start position:0% I don't know if there's anything else you<00:49:58.619> guys<00:49:58.859> yeah<00:49:59.099> no<00:49:59.700> it's<00:49:59.940> just<00:50:00.180> similar<00:50:00.540> to 00:50:00.710 --> 00:50:00.720 align:start position:0% you guys yeah no it's just similar to 00:50:00.720 --> 00:50:02.210 align:start position:0% you guys yeah no it's just similar to where<00:50:00.900> we<00:50:01.079> were<00:50:01.200> talking<00:50:01.440> about<00:50:01.680> yesterday 00:50:02.210 --> 00:50:02.220 align:start position:0% where we were talking about yesterday 00:50:02.220 --> 00:50:05.150 align:start position:0% where we were talking about yesterday like<00:50:02.760> how<00:50:03.420> to<00:50:03.660> gather 00:50:05.150 --> 00:50:05.160 align:start position:0% like how to gather 00:50:05.160 --> 00:50:07.809 align:start position:0% like how to gather these<00:50:06.000> projects<00:50:06.480> in<00:50:06.960> an<00:50:07.140> organized 00:50:07.809 --> 00:50:07.819 align:start position:0% these projects in an organized 00:50:07.819 --> 00:50:10.910 align:start position:0% these projects in an organized trustworthy<00:50:08.819> way<00:50:09.480> so<00:50:09.960> yeah<00:50:10.260> interesting 00:50:10.910 --> 00:50:10.920 align:start position:0% trustworthy way so yeah interesting 00:50:10.920 --> 00:50:12.170 align:start position:0% trustworthy way so yeah interesting question<00:50:11.040> yeah<00:50:11.339> I<00:50:11.520> think<00:50:11.640> those<00:50:11.819> are<00:50:12.000> pretty 00:50:12.170 --> 00:50:12.180 align:start position:0% question yeah I think those are pretty 00:50:12.180 --> 00:50:13.790 align:start position:0% question yeah I think those are pretty early<00:50:12.420> still<00:50:12.839> because<00:50:13.140> you<00:50:13.440> know<00:50:13.560> so<00:50:13.680> many 00:50:13.790 --> 00:50:13.800 align:start position:0% early still because you know so many 00:50:13.800 --> 00:50:15.650 align:start position:0% early still because you know so many more<00:50:13.920> use<00:50:14.099> cases<00:50:14.339> are<00:50:14.520> coming<00:50:14.640> on<00:50:14.760> now<00:50:14.940> but<00:50:15.480> I 00:50:15.650 --> 00:50:15.660 align:start position:0% more use cases are coming on now but I 00:50:15.660 --> 00:50:17.030 align:start position:0% more use cases are coming on now but I think<00:50:15.780> that's<00:50:15.960> a<00:50:16.140> good<00:50:16.260> idea<00:50:16.380> next<00:50:16.680> you<00:50:16.980> know 00:50:17.030 --> 00:50:17.040 align:start position:0% think that's a good idea next you know 00:50:17.040 --> 00:50:18.650 align:start position:0% think that's a good idea next you know now<00:50:17.160> for<00:50:17.400> the<00:50:17.520> next<00:50:17.579> billion<00:50:17.940> is<00:50:18.119> is<00:50:18.420> going<00:50:18.599> to 00:50:18.650 --> 00:50:18.660 align:start position:0% now for the next billion is is going to 00:50:18.660 --> 00:50:19.309 align:start position:0% now for the next billion is is going to be 00:50:19.309 --> 00:50:19.319 align:start position:0% be 00:50:19.319 --> 00:50:24.829 align:start position:0% be good<00:50:19.560> yeah<00:50:20.160> yeah 00:50:24.829 --> 00:50:24.839 align:start position:0% 00:50:24.839 --> 00:50:26.390 align:start position:0% so<00:50:25.560> I<00:50:25.740> think<00:50:25.859> that's<00:50:25.920> a<00:50:26.040> good<00:50:26.099> thing<00:50:26.220> to 00:50:26.390 --> 00:50:26.400 align:start position:0% so I think that's a good thing to 00:50:26.400 --> 00:50:28.010 align:start position:0% so I think that's a good thing to explore<00:50:26.640> and<00:50:26.819> congratulations<00:50:27.300> on<00:50:27.660> your<00:50:27.839> book 00:50:28.010 --> 00:50:28.020 align:start position:0% explore and congratulations on your book 00:50:28.020 --> 00:50:29.329 align:start position:0% explore and congratulations on your book yeah 00:50:29.329 --> 00:50:29.339 align:start position:0% yeah 00:50:29.339 --> 00:50:32.450 align:start position:0% yeah awesome<00:50:29.760> so<00:50:30.720> just<00:50:31.020> last<00:50:31.500> minute<00:50:31.740> maybe<00:50:32.099> just<00:50:32.339> a 00:50:32.450 --> 00:50:32.460 align:start position:0% awesome so just last minute maybe just a 00:50:32.460 --> 00:50:34.190 align:start position:0% awesome so just last minute maybe just a quick<00:50:32.579> go-round<00:50:33.420> um<00:50:33.480> where<00:50:33.720> can<00:50:33.839> people<00:50:34.020> find 00:50:34.190 --> 00:50:34.200 align:start position:0% quick go-round um where can people find 00:50:34.200 --> 00:50:36.290 align:start position:0% quick go-round um where can people find your<00:50:34.380> work<00:50:34.500> where<00:50:34.800> can<00:50:34.920> they<00:50:35.099> find<00:50:35.220> you<00:50:35.400> and<00:50:36.119> uh 00:50:36.290 --> 00:50:36.300 align:start position:0% your work where can they find you and uh 00:50:36.300 --> 00:50:38.630 align:start position:0% your work where can they find you and uh yeah<00:50:36.480> we'll<00:50:36.660> wrap<00:50:36.780> it<00:50:36.960> up<00:50:37.500> yeah<00:50:38.099> you<00:50:38.339> can<00:50:38.460> find 00:50:38.630 --> 00:50:38.640 align:start position:0% yeah we'll wrap it up yeah you can find 00:50:38.640 --> 00:50:43.849 align:start position:0% yeah we'll wrap it up yeah you can find us<00:50:38.940> at<00:50:39.300> be<00:50:39.900> blowings<00:50:40.819> blo<00:50:41.819> like<00:50:42.300> uh<00:50:42.780> block<00:50:43.079> with 00:50:43.849 --> 00:50:43.859 align:start position:0% us at be blowings blo like uh block with 00:50:43.859 --> 00:50:46.490 align:start position:0% us at be blowings blo like uh block with the<00:50:44.280> sound<00:50:44.460> of<00:50:44.760> a<00:50:44.880> peak<00:50:45.359> where<00:50:45.839> you<00:50:46.020> put<00:50:46.200> your 00:50:46.490 --> 00:50:46.500 align:start position:0% the sound of a peak where you put your 00:50:46.500 --> 00:50:49.250 align:start position:0% the sound of a peak where you put your piggyback<00:50:47.160> savings<00:50:47.940> that's<00:50:48.359> it 00:50:49.250 --> 00:50:49.260 align:start position:0% piggyback savings that's it 00:50:49.260 --> 00:50:52.670 align:start position:0% piggyback savings that's it you<00:50:49.680> can<00:50:49.800> find<00:50:49.920> me<00:50:50.099> on<00:50:50.520> Twitter<00:50:50.819> at<00:50:51.680> benjuguna 00:50:52.670 --> 00:50:52.680 align:start position:0% you can find me on Twitter at benjuguna 00:50:52.680 --> 00:50:54.910 align:start position:0% you can find me on Twitter at benjuguna on<00:50:53.520> in<00:50:53.880> uh 00:50:54.910 --> 00:50:54.920 align:start position:0% on in uh 00:50:54.920 --> 00:50:59.270 align:start position:0% on in uh Instagram<00:50:55.920> no<00:50:56.579> no<00:50:56.760> Twitter<00:50:57.480> is<00:50:57.960> uh<00:50:58.319> Benson 00:50:59.270 --> 00:50:59.280 align:start position:0% Instagram no no Twitter is uh Benson 00:50:59.280 --> 00:51:01.309 align:start position:0% Instagram no no Twitter is uh Benson understand<00:50:59.819> you're<00:51:00.300> good 00:51:01.309 --> 00:51:01.319 align:start position:0% understand you're good 00:51:01.319 --> 00:51:04.790 align:start position:0% understand you're good on<00:51:02.040> the<00:51:02.339> telegram<00:51:02.880> it's<00:51:03.420> at<00:51:03.660> benjuguna<00:51:04.559> and 00:51:04.790 --> 00:51:04.800 align:start position:0% on the telegram it's at benjuguna and 00:51:04.800 --> 00:51:06.790 align:start position:0% on the telegram it's at benjuguna and email<00:51:04.980> uh 00:51:06.790 --> 00:51:06.800 align:start position:0% email uh 00:51:06.800 --> 00:51:11.270 align:start position:0% email uh Africa<00:51:07.800> and<00:51:08.280> website<00:51:08.720> africa.com<00:51:09.920> yeah<00:51:10.920> so 00:51:11.270 --> 00:51:11.280 align:start position:0% Africa and website africa.com yeah so 00:51:11.280 --> 00:51:13.730 align:start position:0% Africa and website africa.com yeah so for<00:51:11.460> me<00:51:11.640> it's<00:51:11.940> uh<00:51:12.240> it's<00:51:12.599> the<00:51:12.780> product<00:51:13.260> name<00:51:13.559> is 00:51:13.730 --> 00:51:13.740 align:start position:0% for me it's uh it's the product name is 00:51:13.740 --> 00:51:16.250 align:start position:0% for me it's uh it's the product name is World<00:51:13.980> w<00:51:14.400> h<00:51:14.819> r<00:51:15.119> r<00:51:15.300> l<00:51:15.540> comes<00:51:15.839> from<00:51:15.900> Warehouse 00:51:16.250 --> 00:51:16.260 align:start position:0% World w h r r l comes from Warehouse 00:51:16.260 --> 00:51:17.990 align:start position:0% World w h r r l comes from Warehouse receipt<00:51:16.680> lending<00:51:17.099> with<00:51:17.280> an<00:51:17.400> extra<00:51:17.520> R<00:51:17.819> in 00:51:17.990 --> 00:51:18.000 align:start position:0% receipt lending with an extra R in 00:51:18.000 --> 00:51:19.730 align:start position:0% receipt lending with an extra R in between<00:51:18.119> uh<00:51:18.780> or<00:51:18.960> just<00:51:19.079> search<00:51:19.200> for<00:51:19.380> Abhishek 00:51:19.730 --> 00:51:19.740 align:start position:0% between uh or just search for Abhishek 00:51:19.740 --> 00:51:21.710 align:start position:0% between uh or just search for Abhishek bhattacharya<00:51:20.460> Twitter<00:51:20.819> is<00:51:21.059> that<00:51:21.240> Abhishek 00:51:21.710 --> 00:51:21.720 align:start position:0% bhattacharya Twitter is that Abhishek 00:51:21.720 --> 00:51:23.870 align:start position:0% bhattacharya Twitter is that Abhishek yeah<00:51:22.619> that's<00:51:22.859> all<00:51:23.040> so<00:51:23.339> I<00:51:23.460> think<00:51:23.579> you<00:51:23.640> should<00:51:23.760> be 00:51:23.870 --> 00:51:23.880 align:start position:0% yeah that's all so I think you should be 00:51:23.880 --> 00:51:25.549 align:start position:0% yeah that's all so I think you should be able<00:51:24.000> to<00:51:24.059> find<00:51:24.180> this<00:51:24.359> online<00:51:24.599> from<00:51:25.020> the<00:51:25.200> agenda 00:51:25.549 --> 00:51:25.559 align:start position:0% able to find this online from the agenda 00:51:25.559 --> 00:51:27.650 align:start position:0% able to find this online from the agenda anyway<00:51:25.680> it's<00:51:26.099> there<00:51:26.339> incredible<00:51:27.300> thank<00:51:27.540> you 00:51:27.650 --> 00:51:27.660 align:start position:0% anyway it's there incredible thank you 00:51:27.660 --> 00:51:28.750 align:start position:0% anyway it's there incredible thank you yeah 00:51:28.750 --> 00:51:28.760 align:start position:0% yeah 00:51:28.760 --> 00:51:31.190 align:start position:0% yeah marcus.am<00:51:29.760> as<00:51:30.240> my<00:51:30.480> website<00:51:30.720> and<00:51:30.900> my<00:51:31.079> Twitter 00:51:31.190 --> 00:51:31.200 align:start position:0% marcus.am as my website and my Twitter 00:51:31.200 --> 00:51:33.950 align:start position:0% marcus.am as my website and my Twitter as<00:51:31.500> well<00:51:31.740> and<00:51:33.180> um<00:51:33.180> yeah<00:51:33.420> thank<00:51:33.599> you<00:51:33.780> so<00:51:33.839> much 00:51:33.950 --> 00:51:33.960 align:start position:0% as well and um yeah thank you so much 00:51:33.960 --> 00:51:35.390 align:start position:0% as well and um yeah thank you so much big<00:51:34.260> round<00:51:34.500> of<00:51:34.680> applause<00:51:34.980> for<00:51:35.220> these 00:51:35.390 --> 00:51:35.400 align:start position:0% big round of applause for these 00:51:35.400 --> 00:51:36.420 align:start position:0% big round of applause for these incredible<00:51:35.700> panelists 00:51:36.420 --> 00:51:36.430 align:start position:0% incredible panelists 00:51:36.430 --> 00:51:41.469 align:start position:0% incredible panelists [Applause]