WEBVTT Kind: captions Language: en 00:00:09.160 --> 00:00:15.119 align:start position:0% [Music] 00:00:15.119 --> 00:00:15.129 align:start position:0% [Music] 00:00:15.129 --> 00:00:19.359 align:start position:0% [Music] hi<00:00:16.129> everyone<00:00:16.370> I'm<00:00:17.260> I'm<00:00:18.260> Rafael<00:00:18.740> I'm<00:00:19.010> the<00:00:19.130> CEO 00:00:19.359 --> 00:00:19.369 align:start position:0% hi everyone I'm I'm Rafael I'm the CEO 00:00:19.369 --> 00:00:23.560 align:start position:0% hi everyone I'm I'm Rafael I'm the CEO of<00:00:19.750> Alice<00:00:20.750> and<00:00:20.960> this<00:00:21.830> is<00:00:22.039> Jacob<00:00:22.789> who's<00:00:23.359> our 00:00:23.560 --> 00:00:23.570 align:start position:0% of Alice and this is Jacob who's our 00:00:23.570 --> 00:00:26.679 align:start position:0% of Alice and this is Jacob who's our huzzah<00:00:24.170> CTO<00:00:24.500> and<00:00:24.830> we're<00:00:25.340> here<00:00:25.550> to<00:00:25.699> talk<00:00:25.939> today 00:00:26.679 --> 00:00:26.689 align:start position:0% huzzah CTO and we're here to talk today 00:00:26.689 --> 00:00:30.790 align:start position:0% huzzah CTO and we're here to talk today about<00:00:26.869> what<00:00:27.380> we've<00:00:27.529> built<00:00:27.769> and<00:00:29.529> how<00:00:30.529> we're 00:00:30.790 --> 00:00:30.800 align:start position:0% about what we've built and how we're 00:00:30.800 --> 00:00:33.460 align:start position:0% about what we've built and how we're helping<00:00:30.980> the<00:00:31.519> non<00:00:31.820> crypto<00:00:32.570> world<00:00:32.780> comment 00:00:33.460 --> 00:00:33.470 align:start position:0% helping the non crypto world comment 00:00:33.470 --> 00:00:46.480 align:start position:0% helping the non crypto world comment with<00:00:33.710> areum<00:00:34.130> using<00:00:34.940> social<00:00:35.480> impact<00:00:45.070> yeah<00:00:46.070> so 00:00:46.480 --> 00:00:46.490 align:start position:0% with areum using social impact yeah so 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position:0% we've we've got a transparent donations platform<00:00:54.530> there's<00:00:54.800> been<00:00:54.920> live<00:00:55.160> since<00:00:55.520> May<00:00:56.290> on 00:00:57.280 --> 00:00:57.290 align:start position:0% platform there's been live since May on 00:00:57.290 --> 00:01:00.850 align:start position:0% platform there's been live since May on Alice<00:00:58.100> dot<00:00:58.370> si<00:00:58.730> which<00:00:59.090> is<00:00:59.240> our<00:00:59.360> website<00:00:59.860> then 00:01:00.850 --> 00:01:00.860 align:start position:0% Alice dot si which is our website then 00:01:00.860 --> 00:01:03.100 align:start position:0% Alice dot si which is our website then jacob<00:01:01.730> is<00:01:01.910> going<00:01:02.120> to<00:01:02.240> run<00:01:02.420> you<00:01:02.510> through<00:01:02.540> how<00:01:03.080> we 00:01:03.100 --> 00:01:03.110 align:start position:0% jacob is going to run you through how we 00:01:03.110 --> 00:01:05.560 align:start position:0% jacob is going to run you through how we built<00:01:03.470> that<00:01:03.680> the<00:01:04.519> hybrid<00:01:04.879> model<00:01:05.089> that<00:01:05.330> we<00:01:05.390> use 00:01:05.560 --> 00:01:05.570 align:start position:0% built that the hybrid model that we use 00:01:05.570 --> 00:01:08.800 align:start position:0% built that the hybrid model that we use to<00:01:05.750> bring<00:01:05.870> mass<00:01:06.440> audiences<00:01:07.250> onto<00:01:07.940> onto<00:01:08.660> the 00:01:08.800 --> 00:01:08.810 align:start position:0% to bring mass audiences onto onto the 00:01:08.810 --> 00:01:11.230 align:start position:0% to bring mass audiences onto onto the platform<00:01:09.290> and<00:01:09.470> then<00:01:10.400> i'll<00:01:10.670> just<00:01:10.700> give<00:01:11.060> you<00:01:11.090> a 00:01:11.230 --> 00:01:11.240 align:start position:0% platform and then i'll just give you a 00:01:11.240 --> 00:01:13.690 align:start position:0% platform and then i'll just give you a brief<00:01:11.450> overview<00:01:11.840> of<00:01:12.350> the<00:01:12.950> next<00:01:13.340> steps<00:01:13.550> for 00:01:13.690 --> 00:01:13.700 align:start position:0% brief overview of the next steps for 00:01:13.700 --> 00:01:18.310 align:start position:0% brief overview of the next steps for alice<00:01:14.320> beyond<00:01:15.320> beyond<00:01:16.070> donations<00:01:17.140> so<00:01:18.140> if<00:01:18.200> you 00:01:18.310 --> 00:01:18.320 align:start position:0% alice beyond beyond donations so if you 00:01:18.320 --> 00:01:21.040 align:start position:0% alice beyond beyond donations so if you know<00:01:18.440> alice<00:01:19.000> it's<00:01:20.000> because<00:01:20.600> you<00:01:20.870> know 00:01:21.040 --> 00:01:21.050 align:start position:0% know alice it's because you know 00:01:21.050 --> 00:01:23.680 align:start position:0% know alice it's because you know transparent<00:01:21.980> donation<00:01:22.310> platform<00:01:22.490> and<00:01:22.910> the 00:01:23.680 --> 00:01:23.690 align:start position:0% transparent donation platform and the 00:01:23.690 --> 00:01:26.230 align:start position:0% transparent donation platform and the idea<00:01:24.020> there<00:01:24.260> is<00:01:24.290> that<00:01:24.530> you<00:01:24.770> can<00:01:25.280> give<00:01:25.940> to<00:01:25.970> a 00:01:26.230 --> 00:01:26.240 align:start position:0% idea there is that you can give to a 00:01:26.240 --> 00:01:28.810 align:start position:0% idea there is that you can give to a social<00:01:26.630> project<00:01:26.810> you<00:01:27.770> can<00:01:27.920> see<00:01:28.070> exactly<00:01:28.460> what 00:01:28.810 --> 00:01:28.820 align:start position:0% social project you can see exactly what 00:01:28.820 --> 00:01:30.880 align:start position:0% social project you can see exactly what impact<00:01:28.970> your<00:01:29.540> money<00:01:29.840> makes<00:01:30.080> and<00:01:30.530> if<00:01:30.740> it 00:01:30.880 --> 00:01:30.890 align:start position:0% impact your money makes and if it 00:01:30.890 --> 00:01:32.950 align:start position:0% impact your money makes and if it doesn't<00:01:31.190> make<00:01:31.310> an<00:01:31.430> impact<00:01:31.760> then<00:01:32.570> you<00:01:32.690> get<00:01:32.870> your 00:01:32.950 --> 00:01:32.960 align:start position:0% doesn't make an impact then you get your 00:01:32.960 --> 00:01:35.470 align:start position:0% doesn't make an impact then you get your money<00:01:33.140> back<00:01:33.440> and<00:01:33.890> the<00:01:34.580> project<00:01:35.000> that<00:01:35.120> we<00:01:35.240> have 00:01:35.470 --> 00:01:35.480 align:start position:0% money back and the project that we have 00:01:35.480 --> 00:01:39.580 align:start position:0% money back and the project that we have live<00:01:35.810> on<00:01:36.290> the<00:01:36.980> on<00:01:37.659> the<00:01:38.659> on<00:01:38.930> the<00:01:39.050> website<00:01:39.200> right 00:01:39.580 --> 00:01:39.590 align:start position:0% live on the on the on the website right 00:01:39.590 --> 00:01:41.860 align:start position:0% live on the on the on the website right now<00:01:39.650> is<00:01:40.040> a<00:01:40.370> project<00:01:40.820> run<00:01:41.000> by<00:01:41.030> a<00:01:41.300> homelessness 00:01:41.860 --> 00:01:41.870 align:start position:0% now is a project run by a homelessness 00:01:41.870 --> 00:01:44.350 align:start position:0% now is a project run by a homelessness charity<00:01:41.900> called<00:01:42.530> st.<00:01:42.800> Mungo's<00:01:42.920> and<00:01:43.370> they<00:01:44.240> are 00:01:44.350 --> 00:01:44.360 align:start position:0% charity called st. Mungo's and they are 00:01:44.360 --> 00:01:46.600 align:start position:0% charity called st. Mungo's and they are helping<00:01:44.570> fifteen<00:01:45.229> rough<00:01:45.500> sleepers<00:01:45.890> in<00:01:46.130> london 00:01:46.600 --> 00:01:46.610 align:start position:0% helping fifteen rough sleepers in london 00:01:46.610 --> 00:01:48.820 align:start position:0% helping fifteen rough sleepers in london find<00:01:47.210> accommodation<00:01:47.840> and<00:01:48.020> deal<00:01:48.200> with<00:01:48.229> mental 00:01:48.820 --> 00:01:48.830 align:start position:0% find accommodation and deal with mental 00:01:48.830 --> 00:01:53.130 align:start position:0% find accommodation and deal with mental health<00:01:48.950> issues<00:01:49.479> substance<00:01:50.479> abuse<00:01:50.930> issues<00:01:51.320> and 00:01:53.130 --> 00:01:53.140 align:start position:0% health issues substance abuse issues and 00:01:53.140 --> 00:01:56.410 align:start position:0% health issues substance abuse issues and the<00:01:54.140> way<00:01:54.170> that<00:01:54.470> it<00:01:54.620> the<00:01:55.130> the<00:01:55.340> reason<00:01:55.670> why<00:01:55.820> we<00:01:56.060> we 00:01:56.410 --> 00:01:56.420 align:start position:0% the way that it the the reason why we we 00:01:56.420 --> 00:01:58.840 align:start position:0% the way that it the the reason why we we built<00:01:56.690> this<00:01:56.840> really<00:01:57.350> is<00:01:57.530> because<00:01:58.220> in<00:01:58.490> the<00:01:58.700> last 00:01:58.840 --> 00:01:58.850 align:start position:0% built this really is because in the last 00:01:58.850 --> 00:02:01.210 align:start position:0% built this really is because in the last few<00:01:59.030> years<00:01:59.120> there's<00:01:59.540> been<00:01:59.659> a<00:01:59.720> loss<00:02:00.470> of<00:02:00.590> public 00:02:01.210 --> 00:02:01.220 align:start position:0% few years there's been a loss of public 00:02:01.220 --> 00:02:03.580 align:start position:0% few years there's been a loss of public trust<00:02:01.580> in<00:02:01.850> the<00:02:02.060> charity<00:02:02.420> sector<00:02:02.630> and<00:02:02.990> the 00:02:03.580 --> 00:02:03.590 align:start position:0% trust in the charity sector and the 00:02:03.590 --> 00:02:05.710 align:start position:0% trust in the charity sector and the charity<00:02:03.950> sector<00:02:04.190> has<00:02:04.700> really<00:02:05.270> starting<00:02:05.600> to 00:02:05.710 --> 00:02:05.720 align:start position:0% charity sector has really starting to 00:02:05.720 --> 00:02:07.949 align:start position:0% charity sector has really starting to see<00:02:05.900> this<00:02:06.110> as<00:02:06.380> an<00:02:06.830> existential<00:02:07.340> threat 00:02:07.949 --> 00:02:07.959 align:start position:0% see this as an existential threat 00:02:07.959 --> 00:02:10.630 align:start position:0% see this as an existential threat because<00:02:08.959> without<00:02:09.080> trust<00:02:09.590> the<00:02:10.190> level<00:02:10.490> of 00:02:10.630 --> 00:02:10.640 align:start position:0% because without trust the level of 00:02:10.640 --> 00:02:14.770 align:start position:0% because without trust the level of donations<00:02:11.270> tends<00:02:12.260> to<00:02:12.590> tend<00:02:13.310> to<00:02:13.490> fall<00:02:13.730> and<00:02:14.000> so 00:02:14.770 --> 00:02:14.780 align:start position:0% donations tends to tend to fall and so 00:02:14.780 --> 00:02:15.650 align:start position:0% donations tends to tend to fall and so that's<00:02:15.020> why<00:02:15.170> we<00:02:15.319> built 00:02:15.650 --> 00:02:15.660 align:start position:0% that's why we built 00:02:15.660 --> 00:02:18.860 align:start position:0% that's why we built is<00:02:15.720> this<00:02:16.380> this<00:02:16.950> donation<00:02:17.370> platform<00:02:17.750> the<00:02:18.750> way 00:02:18.860 --> 00:02:18.870 align:start position:0% is this this donation platform the way 00:02:18.870 --> 00:02:21.230 align:start position:0% is this this donation platform the way that<00:02:19.020> it<00:02:19.140> works<00:02:19.350> is<00:02:19.590> that<00:02:19.650> when<00:02:20.250> you<00:02:20.490> when<00:02:21.150> you 00:02:21.230 --> 00:02:21.240 align:start position:0% that it works is that when you when you 00:02:21.240 --> 00:02:23.120 align:start position:0% that it works is that when you when you go<00:02:21.360> onto<00:02:21.510> the<00:02:21.780> onto<00:02:22.290> the<00:02:22.380> website<00:02:22.590> you<00:02:22.980> can 00:02:23.120 --> 00:02:23.130 align:start position:0% go onto the onto the website you can 00:02:23.130 --> 00:02:25.760 align:start position:0% go onto the onto the website you can donate<00:02:23.460> your<00:02:23.760> donation<00:02:24.690> gets<00:02:25.020> held<00:02:25.350> in<00:02:25.470> escrow 00:02:25.760 --> 00:02:25.770 align:start position:0% donate your donation gets held in escrow 00:02:25.770 --> 00:02:28.370 align:start position:0% donate your donation gets held in escrow which<00:02:26.010> means<00:02:26.280> it<00:02:26.550> gets<00:02:27.090> frozen<00:02:27.420> basically<00:02:28.260> in 00:02:28.370 --> 00:02:28.380 align:start position:0% which means it gets frozen basically in 00:02:28.380 --> 00:02:31.520 align:start position:0% which means it gets frozen basically in a<00:02:28.860> smart<00:02:29.160> contract<00:02:29.360> during<00:02:30.360> that<00:02:30.600> time<00:02:30.900> the 00:02:31.520 --> 00:02:31.530 align:start position:0% a smart contract during that time the 00:02:31.530 --> 00:02:34.940 align:start position:0% a smart contract during that time the charity<00:02:32.130> can<00:02:33.090> start<00:02:33.650> running<00:02:34.650> the<00:02:34.770> project 00:02:34.940 --> 00:02:34.950 align:start position:0% charity can start running the project 00:02:34.950 --> 00:02:40.100 align:start position:0% charity can start running the project and<00:02:35.460> and<00:02:37.070> started<00:02:38.070> delivering<00:02:38.480> the<00:02:39.480> the<00:02:39.870> goals 00:02:40.100 --> 00:02:40.110 align:start position:0% and and started delivering the the goals 00:02:40.110 --> 00:02:42.380 align:start position:0% and and started delivering the the goals that<00:02:40.440> it<00:02:40.650> that<00:02:41.250> it<00:02:41.370> set<00:02:41.550> out<00:02:41.700> to<00:02:41.850> achieve<00:02:41.940> so<00:02:42.270> it 00:02:42.380 --> 00:02:42.390 align:start position:0% that it that it set out to achieve so it 00:02:42.390 --> 00:02:46.190 align:start position:0% that it that it set out to achieve so it lays<00:02:42.600> out<00:02:42.870> in<00:02:43.140> in<00:02:44.130> in<00:02:44.430> the<00:02:44.550> pilot<00:02:45.050> st.<00:02:46.050> Mungo's 00:02:46.190 --> 00:02:46.200 align:start position:0% lays out in in in the pilot st. Mungo's 00:02:46.200 --> 00:02:48.080 align:start position:0% lays out in in in the pilot st. Mungo's has<00:02:46.770> laid<00:02:46.980> out<00:02:47.010> a<00:02:47.190> certain<00:02:47.520> number<00:02:47.790> of<00:02:47.820> goals 00:02:48.080 --> 00:02:48.090 align:start position:0% has laid out a certain number of goals 00:02:48.090 --> 00:02:50.540 align:start position:0% has laid out a certain number of goals and<00:02:48.270> but<00:02:49.260> it's<00:02:49.380> only<00:02:49.650> when<00:02:50.010> the<00:02:50.190> goals<00:02:50.400> are 00:02:50.540 --> 00:02:50.550 align:start position:0% and but it's only when the goals are 00:02:50.550 --> 00:02:53.270 align:start position:0% and but it's only when the goals are independently<00:02:51.210> validated<00:02:52.020> that<00:02:52.740> the<00:02:52.980> money 00:02:53.270 --> 00:02:53.280 align:start position:0% independently validated that the money 00:02:53.280 --> 00:02:56.780 align:start position:0% independently validated that the money from<00:02:53.640> the<00:02:53.730> donations<00:02:54.320> gets<00:02:55.320> paid<00:02:55.590> to<00:02:56.190> the 00:02:56.780 --> 00:02:56.790 align:start position:0% from the donations gets paid to the 00:02:56.790 --> 00:02:59.060 align:start position:0% from the donations gets paid to the charity<00:02:57.240> and<00:02:57.420> in<00:02:57.810> this<00:02:57.960> case<00:02:58.260> it's<00:02:58.680> the 00:02:59.060 --> 00:02:59.070 align:start position:0% charity and in this case it's the 00:02:59.070 --> 00:03:02.300 align:start position:0% charity and in this case it's the Greater<00:02:59.370> London<00:02:59.580> Authority<00:03:00.500> that<00:03:01.500> the<00:03:02.100> the 00:03:02.300 --> 00:03:02.310 align:start position:0% Greater London Authority that the the 00:03:02.310 --> 00:03:03.950 align:start position:0% Greater London Authority that the the Mayor<00:03:02.490> of<00:03:02.520> London<00:03:02.910> someone<00:03:03.480> in<00:03:03.570> the<00:03:03.630> housing 00:03:03.950 --> 00:03:03.960 align:start position:0% Mayor of London someone in the housing 00:03:03.960 --> 00:03:05.930 align:start position:0% Mayor of London someone in the housing team<00:03:04.170> that<00:03:04.440> reviews<00:03:04.830> the<00:03:04.860> proof<00:03:05.220> so<00:03:05.700> if<00:03:05.790> that's 00:03:05.930 --> 00:03:05.940 align:start position:0% team that reviews the proof so if that's 00:03:05.940 --> 00:03:07.430 align:start position:0% team that reviews the proof so if that's a<00:03:06.030> rental<00:03:06.360> agreement<00:03:06.480> for<00:03:06.870> example<00:03:07.080> if 00:03:07.430 --> 00:03:07.440 align:start position:0% a rental agreement for example if 00:03:07.440 --> 00:03:09.230 align:start position:0% a rental agreement for example if someone's<00:03:07.710> find<00:03:07.890> accommodation<00:03:08.460> then<00:03:08.970> they 00:03:09.230 --> 00:03:09.240 align:start position:0% someone's find accommodation then they 00:03:09.240 --> 00:03:11.840 align:start position:0% someone's find accommodation then they will<00:03:09.680> they<00:03:10.680> will<00:03:10.710> validate<00:03:11.100> that<00:03:11.460> and<00:03:11.700> at<00:03:11.790> the 00:03:11.840 --> 00:03:11.850 align:start position:0% will they will validate that and at the 00:03:11.850 --> 00:03:13.640 align:start position:0% will they will validate that and at the same<00:03:12.000> time<00:03:12.270> the<00:03:12.600> validation<00:03:13.140> triggers<00:03:13.620> a 00:03:13.640 --> 00:03:13.650 align:start position:0% same time the validation triggers a 00:03:13.650 --> 00:03:15.800 align:start position:0% same time the validation triggers a notification<00:03:14.130> to<00:03:14.640> the<00:03:14.760> donor<00:03:14.970> so<00:03:15.510> they<00:03:15.660> know 00:03:15.800 --> 00:03:15.810 align:start position:0% notification to the donor so they know 00:03:15.810 --> 00:03:34.540 align:start position:0% notification to the donor so they know exactly<00:03:16.640> what<00:03:17.640> their<00:03:17.850> money<00:03:18.060> has<00:03:18.600> paid<00:03:18.960> for<00:03:29.480> to 00:03:34.540 --> 00:03:34.550 align:start position:0% 00:03:34.550 --> 00:03:37.750 align:start position:0% know<00:03:35.550> how<00:03:35.820> the<00:03:35.880> blockchain<00:03:36.240> works 00:03:37.750 --> 00:03:37.760 align:start position:0% know how the blockchain works 00:03:37.760 --> 00:03:40.690 align:start position:0% know how the blockchain works what's<00:03:38.760> the<00:03:39.090> blockchain<00:03:39.300> all<00:03:39.660> what<00:03:40.350> is 00:03:40.690 --> 00:03:40.700 align:start position:0% what's the blockchain all what is 00:03:40.700 --> 00:03:44.600 align:start position:0% what's the blockchain all what is necessary<00:03:41.700> is<00:03:42.330> to<00:03:42.420> have<00:03:42.720> a<00:03:42.750> plane<00:03:43.250> without<00:03:44.250> any 00:03:44.600 --> 00:03:44.610 align:start position:0% necessary is to have a plane without any 00:03:44.610 --> 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we<00:03:53.700> do<00:03:53.820> not<00:03:53.940> want<00:03:54.209> to<00:03:54.300> force<00:03:54.540> our 00:03:55.100 --> 00:03:55.110 align:start position:0% currency we do not want to force our 00:03:55.110 --> 00:03:58.699 align:start position:0% currency we do not want to force our donors<00:03:55.709> to<00:03:56.070> change<00:03:56.610> fiat<00:03:57.060> into<00:03:57.390> crypto<00:03:57.810> get 00:03:58.699 --> 00:03:58.709 align:start position:0% donors to change fiat into crypto get 00:03:58.709 --> 00:04:02.150 align:start position:0% donors to change fiat into crypto get through<00:03:59.010> a<00:03:59.040> crypto<00:03:59.520> wallet<00:03:59.820> and<00:04:00.060> donate<00:04:01.160> we 00:04:02.150 --> 00:04:02.160 align:start position:0% through a crypto wallet and donate we 00:04:02.160 --> 00:04:04.400 align:start position:0% through a crypto wallet and donate we allow<00:04:02.459> for<00:04:02.520> a<00:04:02.820> plain<00:04:03.180> credit<00:04:03.630> card<00:04:03.840> donations 00:04:04.400 --> 00:04:04.410 align:start position:0% allow for a plain credit card donations 00:04:04.410 --> 00:04:06.320 align:start position:0% allow for a plain credit card donations which<00:04:04.620> is<00:04:04.770> the<00:04:04.860> most<00:04:05.010> popular<00:04:05.400> way<00:04:05.610> to<00:04:05.850> donate 00:04:06.320 --> 00:04:06.330 align:start position:0% which is the most popular way to donate 00:04:06.330 --> 00:04:08.090 align:start position:0% which is the most popular way to donate let's<00:04:06.989> see<00:04:07.140> how<00:04:07.260> it<00:04:07.410> works<00:04:07.590> out<00:04:07.800> in<00:04:07.890> the 00:04:08.090 --> 00:04:08.100 align:start position:0% let's see how it works out in the 00:04:08.100 --> 00:04:10.699 align:start position:0% let's see how it works out in the practice<00:04:08.610> so<00:04:09.480> that's<00:04:10.020> one<00:04:10.200> of<00:04:10.230> our<00:04:10.410> first 00:04:10.699 --> 00:04:10.709 align:start position:0% practice so that's one of our first 00:04:10.709 --> 00:04:18.850 align:start position:0% practice so that's one of our first donors<00:04:11.160> actually<00:04:11.970> it's<00:04:12.330> my<00:04:12.510> mom<00:04:12.720> she's 00:04:18.850 --> 00:04:18.860 align:start position:0% 00:04:18.860 --> 00:04:22.490 align:start position:0% she's<00:04:19.860> 67<00:04:20.850> years<00:04:21.030> old<00:04:21.150> and<00:04:21.720> she's<00:04:22.260> not<00:04:22.470> a 00:04:22.490 --> 00:04:22.500 align:start position:0% she's 67 years old and she's not a 00:04:22.500 --> 00:04:25.250 align:start position:0% she's 67 years old and she's not a crypto<00:04:23.160> geek<00:04:23.340> at<00:04:23.700> all<00:04:23.940> she<00:04:24.810> she<00:04:25.050> stopped 00:04:25.250 --> 00:04:25.260 align:start position:0% crypto geek at all she she stopped 00:04:25.260 --> 00:04:26.900 align:start position:0% crypto geek at all she she stopped casting<00:04:25.680> Kappa<00:04:25.860> the<00:04:26.100> technology<00:04:26.610> in<00:04:26.670> the<00:04:26.760> late 00:04:26.900 --> 00:04:26.910 align:start position:0% casting Kappa the technology in the late 00:04:26.910 --> 00:04:28.610 align:start position:0% casting Kappa the technology in the late eighties<00:04:27.330> when<00:04:27.510> the<00:04:27.630> video<00:04:27.870> tape<00:04:28.140> recorder 00:04:28.610 --> 00:04:28.620 align:start position:0% eighties when the video tape recorder 00:04:28.620 --> 00:04:31.640 align:start position:0% eighties when the video tape recorder was<00:04:28.920> released<00:04:29.430> but<00:04:30.240> she<00:04:31.080> know<00:04:31.230> how<00:04:31.380> to<00:04:31.440> use 00:04:31.640 --> 00:04:31.650 align:start position:0% was released but she know how to use 00:04:31.650 --> 00:04:34.100 align:start position:0% was released but she know how to use Internet<00:04:32.100> she<00:04:32.460> know<00:04:32.610> how<00:04:32.790> to<00:04:32.850> write<00:04:33.780> an<00:04:33.930> email 00:04:34.100 --> 00:04:34.110 align:start position:0% Internet she know how to write an email 00:04:34.110 --> 00:04:37.040 align:start position:0% Internet she know how to write an email check<00:04:34.620> the<00:04:34.740> weather<00:04:34.890> and<00:04:35.570> recently<00:04:36.570> she<00:04:36.960> was 00:04:37.040 --> 00:04:37.050 align:start position:0% check the weather and recently she was 00:04:37.050 --> 00:04:40.130 align:start position:0% check the weather and recently she was able<00:04:37.290> to<00:04:37.470> put<00:04:37.770> three<00:04:38.930> transactions<00:04:39.930> on<00:04:40.110> the 00:04:40.130 --> 00:04:40.140 align:start position:0% able to put three transactions on the 00:04:40.140 --> 00:04:42.740 align:start position:0% able to put three transactions on the main<00:04:40.410> interview<00:04:40.980> blog<00:04:41.640> train<00:04:42.000> using<00:04:42.600> our 00:04:42.740 --> 00:04:42.750 align:start position:0% main interview blog train using our 00:04:42.750 --> 00:04:46.490 align:start position:0% main interview blog train using our Ally's<00:04:43.680> platform<00:04:44.630> how<00:04:45.630> was<00:04:45.780> it<00:04:45.870> possible 00:04:46.490 --> 00:04:46.500 align:start position:0% Ally's platform how was it possible 00:04:46.500 --> 00:04:49.880 align:start position:0% Ally's platform how was it possible so<00:04:46.620> whenever<00:04:46.830> user<00:04:47.250> registers<00:04:47.940> an<00:04:48.360> account<00:04:48.900> on 00:04:49.880 --> 00:04:49.890 align:start position:0% so whenever user registers an account on 00:04:49.890 --> 00:04:53.660 align:start position:0% so whenever user registers an account on our<00:04:50.040> platform<00:04:50.640> we<00:04:51.800> on<00:04:52.800> the<00:04:53.100> user<00:04:53.250> behalf 00:04:53.660 --> 00:04:53.670 align:start position:0% our platform we on the user behalf 00:04:53.670 --> 00:04:56.120 align:start position:0% our platform we on the user behalf create<00:04:54.540> a<00:04:54.570> YouTube<00:04:55.020> account<00:04:55.140> which<00:04:55.980> is 00:04:56.120 --> 00:04:56.130 align:start position:0% create a YouTube account which is 00:04:56.130 --> 00:04:59.420 align:start position:0% create a YouTube account which is safeguarded<00:04:56.430> by<00:04:57.240> a<00:04:57.810> password<00:04:58.350> so<00:04:58.650> every 00:04:59.420 --> 00:04:59.430 align:start position:0% safeguarded by a password so every 00:04:59.430 --> 00:05:02.000 align:start position:0% safeguarded by a password so every interaction<00:04:59.880> every<00:05:00.480> transaction<00:05:01.410> need<00:05:01.770> to<00:05:01.890> be 00:05:02.000 --> 00:05:02.010 align:start position:0% interaction every transaction need to be 00:05:02.010 --> 00:05:05.060 align:start position:0% interaction every transaction need to be signed<00:05:02.580> by<00:05:03.060> our<00:05:03.090> entering<00:05:03.900> the<00:05:04.050> password<00:05:04.230> we 00:05:05.060 --> 00:05:05.070 align:start position:0% signed by our entering the password we 00:05:05.070 --> 00:05:07.550 align:start position:0% signed by our entering the password we also<00:05:05.220> perform<00:05:05.730> via<00:05:06.210> tokenization<00:05:06.690> so<00:05:07.260> when<00:05:07.440> we 00:05:07.550 --> 00:05:07.560 align:start position:0% also perform via tokenization so when we 00:05:07.560 --> 00:05:08.680 align:start position:0% also perform via tokenization so when we accept<00:05:08.010> the<00:05:08.280> money 00:05:08.680 --> 00:05:08.690 align:start position:0% accept the money 00:05:08.690 --> 00:05:12.260 align:start position:0% accept the money there<00:05:09.690> are<00:05:10.040> stable<00:05:11.040> stable<00:05:11.550> coins<00:05:11.940> issued 00:05:12.260 --> 00:05:12.270 align:start position:0% there are stable stable coins issued 00:05:12.270 --> 00:05:14.420 align:start position:0% there are stable stable coins issued that<00:05:12.990> are<00:05:13.140> pegged<00:05:13.380> one<00:05:13.710> to<00:05:13.920> one<00:05:14.070> to<00:05:14.340> the 00:05:14.420 --> 00:05:14.430 align:start position:0% that are pegged one to one to the 00:05:14.430 --> 00:05:17.450 align:start position:0% that are pegged one to one to the original<00:05:14.940> value<00:05:15.690> and<00:05:15.840> the<00:05:16.230> full<00:05:16.650> reserve<00:05:17.160> is 00:05:17.450 --> 00:05:17.460 align:start position:0% original value and the full reserve is 00:05:17.460 --> 00:05:20.710 align:start position:0% original value and the full reserve is keep<00:05:17.970> aside<00:05:18.390> and<00:05:18.900> we're<00:05:19.380> happy<00:05:19.890> to<00:05:20.010> say<00:05:20.250> that 00:05:20.710 --> 00:05:20.720 align:start position:0% keep aside and we're happy to say that 00:05:20.720 --> 00:05:24.010 align:start position:0% keep aside and we're happy to say that earlier<00:05:21.720> this<00:05:21.930> year<00:05:21.990> we<00:05:22.590> took<00:05:23.010> a<00:05:23.130> part<00:05:23.370> in<00:05:23.610> two 00:05:24.010 --> 00:05:24.020 align:start position:0% earlier this year we took a part in two 00:05:24.020 --> 00:05:27.230 align:start position:0% earlier this year we took a part in two regulatory<00:05:25.020> sandbox<00:05:25.860> provided<00:05:26.550> by<00:05:26.700> financial 00:05:27.230 --> 00:05:27.240 align:start position:0% regulatory sandbox provided by financial 00:05:27.240 --> 00:05:28.820 align:start position:0% regulatory sandbox provided by financial conduct<00:05:27.480> authority<00:05:27.690> which<00:05:28.440> is<00:05:28.560> a<00:05:28.680> UK 00:05:28.820 --> 00:05:28.830 align:start position:0% conduct authority which is a UK 00:05:28.830 --> 00:05:31.370 align:start position:0% conduct authority which is a UK regulatory<00:05:29.520> body<00:05:29.730> and<00:05:30.030> to<00:05:31.020> our<00:05:31.140> knowledge 00:05:31.370 --> 00:05:31.380 align:start position:0% regulatory body and to our knowledge 00:05:31.380 --> 00:05:34.100 align:start position:0% regulatory body and to our knowledge were<00:05:31.710> the<00:05:31.770> first<00:05:32.520> company<00:05:32.700> to<00:05:33.180> use<00:05:33.750> fully 00:05:34.100 --> 00:05:34.110 align:start position:0% were the first company to use fully 00:05:34.110 --> 00:05:37.490 align:start position:0% were the first company to use fully regulated<00:05:35.450> digital<00:05:36.450> Pound<00:05:36.810> Sterling 00:05:37.490 --> 00:05:37.500 align:start position:0% regulated digital Pound Sterling 00:05:37.500 --> 00:05:42.260 align:start position:0% regulated digital Pound Sterling provided<00:05:38.460> by<00:05:38.580> trauma<00:05:38.910> lexlabs<00:05:40.280> and<00:05:41.280> from<00:05:42.180> a 00:05:42.260 --> 00:05:42.270 align:start position:0% provided by trauma lexlabs and from a 00:05:42.270 --> 00:05:44.090 align:start position:0% provided by trauma lexlabs and from a user<00:05:42.450> perspective<00:05:42.690> the<00:05:43.230> transaction<00:05:43.890> is 00:05:44.090 --> 00:05:44.100 align:start position:0% user perspective the transaction is 00:05:44.100 --> 00:05:47.060 align:start position:0% user perspective the transaction is recorded<00:05:44.400> after<00:05:45.360> he<00:05:46.140> clicks<00:05:46.470> on<00:05:46.650> donate 00:05:47.060 --> 00:05:47.070 align:start position:0% recorded after he clicks on donate 00:05:47.070 --> 00:05:50.330 align:start position:0% recorded after he clicks on donate button<00:05:47.490> and<00:05:47.700> then<00:05:48.000> we<00:05:48.210> use<00:05:48.330> and<00:05:48.600> I<00:05:49.340> synchronous 00:05:50.330 --> 00:05:50.340 align:start position:0% button and then we use and I synchronous 00:05:50.340 --> 00:05:53.659 align:start position:0% button and then we use and I synchronous relay<00:05:50.880> just<00:05:51.630> to<00:05:51.840> further<00:05:52.830> process<00:05:53.370> the 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after we 00:06:00.180 --> 00:06:02.090 align:start position:0% useful because roughly a month after we launched<00:06:00.480> we<00:06:01.410> noticed<00:06:01.770> some<00:06:01.980> strange 00:06:02.090 --> 00:06:02.100 align:start position:0% launched we noticed some strange 00:06:02.100 --> 00:06:03.920 align:start position:0% launched we noticed some strange behavior<00:06:02.430> in<00:06:02.850> the<00:06:02.970> relay<00:06:03.270> so<00:06:03.630> there<00:06:03.780> was 00:06:03.920 --> 00:06:03.930 align:start position:0% behavior in the relay so there was 00:06:03.930 --> 00:06:06.770 align:start position:0% behavior in the relay so there was severe<00:06:04.350> delays<00:06:05.220> and<00:06:05.520> a<00:06:05.580> lot<00:06:05.730> of<00:06:05.760> retrials 00:06:06.770 --> 00:06:06.780 align:start position:0% severe delays and a lot of retrials 00:06:06.780 --> 00:06:10.190 align:start position:0% severe delays and a lot of retrials and<00:06:06.990> she<00:06:07.110> was<00:06:07.260> a<00:06:07.380> day<00:06:07.640> 25<00:06:08.640> June<00:06:09.360> when<00:06:09.720> there<00:06:09.960> was 00:06:10.190 --> 00:06:10.200 align:start position:0% and she was a day 25 June when there was 00:06:10.200 --> 00:06:15.260 align:start position:0% and she was a day 25 June when there was an<00:06:10.440> status<00:06:11.630> ICO<00:06:13.130> so<00:06:14.130> from<00:06:14.430> the<00:06:14.880> point<00:06:15.060> of<00:06:15.210> view 00:06:15.260 --> 00:06:15.270 align:start position:0% an status ICO so from the point of view 00:06:15.270 --> 00:06:17.450 align:start position:0% an status ICO so from the point of view of<00:06:15.390> our<00:06:15.510> donors<00:06:16.200> nothing<00:06:16.919> changed<00:06:17.250> at<00:06:17.310> all 00:06:17.450 --> 00:06:17.460 align:start position:0% of our donors nothing changed at all 00:06:17.460 --> 00:06:20.150 align:start position:0% of our donors nothing changed at all they<00:06:17.760> were<00:06:17.880> able<00:06:18.000> to<00:06:18.390> submit<00:06:19.290> donations<00:06:20.040> and 00:06:20.150 --> 00:06:20.160 align:start position:0% they were able to submit donations and 00:06:20.160 --> 00:06:23.180 align:start position:0% they were able to submit donations and we<00:06:20.220> process<00:06:20.669> it<00:06:21.030> as<00:06:21.690> synchronously<00:06:22.290> and<00:06:22.530> they 00:06:23.180 --> 00:06:23.190 align:start position:0% we process it as synchronously and they 00:06:23.190 --> 00:06:25.100 align:start position:0% we process it as synchronously and they were<00:06:23.340> eventually<00:06:24.270> recorded<00:06:24.960> on<00:06:25.050> the 00:06:25.100 --> 00:06:25.110 align:start position:0% were eventually recorded on the 00:06:25.110 --> 00:06:28.340 align:start position:0% were eventually recorded on the blockchain<00:06:26.060> and<00:06:27.060> to<00:06:27.390> be<00:06:27.479> honest<00:06:27.630> were<00:06:27.780> first 00:06:28.340 --> 00:06:28.350 align:start position:0% blockchain and to be honest were first 00:06:28.350 --> 00:06:31.020 align:start position:0% blockchain and to be honest were first scared<00:06:28.620> before<00:06:28.740> we<00:06:29.039> started<00:06:29.880> the<00:06:30.000> pilot 00:06:31.020 --> 00:06:31.030 align:start position:0% scared before we started the pilot 00:06:31.030 --> 00:06:33.660 align:start position:0% scared before we started the pilot because<00:06:31.540> we<00:06:32.200> are<00:06:32.290> all<00:06:32.470> about<00:06:32.770> trust<00:06:33.430> and 00:06:33.660 --> 00:06:33.670 align:start position:0% because we are all about trust and 00:06:33.670 --> 00:06:36.060 align:start position:0% because we are all about trust and transparency<00:06:33.850> so<00:06:34.540> even<00:06:34.810> if<00:06:34.930> we<00:06:35.050> miss<00:06:35.590> manage<00:06:35.950> a 00:06:36.060 --> 00:06:36.070 align:start position:0% transparency so even if we miss manage a 00:06:36.070 --> 00:06:38.580 align:start position:0% transparency so even if we miss manage a single<00:06:36.960> transaction<00:06:37.960> that<00:06:38.350> would<00:06:38.470> be 00:06:38.580 --> 00:06:38.590 align:start position:0% single transaction that would be 00:06:38.590 --> 00:06:40.440 align:start position:0% single transaction that would be disaster<00:06:39.100> for<00:06:39.340> the<00:06:39.430> whole<00:06:39.580> idea<00:06:39.910> that's<00:06:40.300> why 00:06:40.440 --> 00:06:40.450 align:start position:0% disaster for the whole idea that's why 00:06:40.450 --> 00:06:42.240 align:start position:0% disaster for the whole idea that's why we<00:06:40.660> are<00:06:40.720> using<00:06:40.780> a<00:06:41.140> triple<00:06:41.380> registration 00:06:42.240 --> 00:06:42.250 align:start position:0% we are using a triple registration 00:06:42.250 --> 00:06:45.780 align:start position:0% we are using a triple registration system<00:06:42.640> so<00:06:43.180> we<00:06:43.300> register<00:06:44.280> donation<00:06:45.280> on<00:06:45.490> a 00:06:45.780 --> 00:06:45.790 align:start position:0% system so we register donation on a 00:06:45.790 --> 00:06:47.820 align:start position:0% system so we register donation on a virtual<00:06:46.150> wallet<00:06:46.720> provided<00:06:47.170> by<00:06:47.290> a<00:06:47.320> payment 00:06:47.820 --> 00:06:47.830 align:start position:0% virtual wallet provided by a payment 00:06:47.830 --> 00:06:49.980 align:start position:0% virtual wallet provided by a payment provider<00:06:48.310> we<00:06:48.850> register<00:06:49.300> on<00:06:49.420> our<00:06:49.510> classic 00:06:49.980 --> 00:06:49.990 align:start position:0% provider we register on our classic 00:06:49.990 --> 00:06:52.530 align:start position:0% provider we register on our classic database<00:06:50.800> and<00:06:51.100> we<00:06:51.520> obviously<00:06:51.700> register<00:06:52.450> it 00:06:52.530 --> 00:06:52.540 align:start position:0% database and we obviously register it 00:06:52.540 --> 00:06:56.030 align:start position:0% database and we obviously register it further<00:06:52.810> on<00:06:53.140> the<00:06:53.620> blockchain 00:06:56.030 --> 00:06:56.040 align:start position:0% 00:06:56.040 --> 00:06:59.490 align:start position:0% currently<00:06:57.040> we<00:06:57.460> have<00:06:57.790> a<00:06:57.820> hybrid<00:06:58.300> model<00:06:58.660> but<00:06:59.350> we 00:06:59.490 --> 00:06:59.500 align:start position:0% currently we have a hybrid model but we 00:06:59.500 --> 00:07:02.700 align:start position:0% currently we have a hybrid model but we want<00:06:59.710> to<00:06:59.980> go<00:07:00.160> for<00:07:00.480> fully<00:07:01.480> decentralized<00:07:02.140> and 00:07:02.700 --> 00:07:02.710 align:start position:0% want to go for fully decentralized and 00:07:02.710 --> 00:07:05.310 align:start position:0% want to go for fully decentralized and trustless<00:07:02.800> solution<00:07:03.790> but<00:07:04.390> along<00:07:04.690> the<00:07:04.930> way<00:07:04.960> we 00:07:05.310 --> 00:07:05.320 align:start position:0% trustless solution but along the way we 00:07:05.320 --> 00:07:07.230 align:start position:0% trustless solution but along the way we want<00:07:05.620> to<00:07:05.830> take<00:07:06.010> small<00:07:06.370> steps<00:07:06.700> not<00:07:07.000> to 00:07:07.230 --> 00:07:07.240 align:start position:0% want to take small steps not to 00:07:07.240 --> 00:07:10.530 align:start position:0% want to take small steps not to sacrifice<00:07:07.810> the<00:07:08.620> usability<00:07:09.040> and<00:07:09.310> safety<00:07:09.850> for 00:07:10.530 --> 00:07:10.540 align:start position:0% sacrifice the usability and safety for 00:07:10.540 --> 00:07:13.830 align:start position:0% sacrifice the usability and safety for the<00:07:10.690> donors<00:07:11.020> the<00:07:11.760> next<00:07:12.760> step<00:07:12.970> for<00:07:13.270> us<00:07:13.300> was<00:07:13.419> to 00:07:13.830 --> 00:07:13.840 align:start position:0% the donors the next step for us was to 00:07:13.840 --> 00:07:15.600 align:start position:0% the donors the next step for us was to implement<00:07:14.169> something<00:07:14.860> that<00:07:15.250> we<00:07:15.370> call<00:07:15.580> the 00:07:15.600 --> 00:07:15.610 align:start position:0% implement something that we call the 00:07:15.610 --> 00:07:18.600 align:start position:0% implement something that we call the geek<00:07:15.880> mode<00:07:16.120> it's<00:07:17.050> a<00:07:17.200> section<00:07:17.620> on<00:07:17.830> our<00:07:17.980> platform 00:07:18.600 --> 00:07:18.610 align:start position:0% geek mode it's a section on our platform 00:07:18.610 --> 00:07:20.940 align:start position:0% geek mode it's a section on our platform when<00:07:19.030> the<00:07:19.120> user<00:07:19.330> can<00:07:19.750> browse<00:07:20.260> and<00:07:20.470> explore<00:07:20.800> all 00:07:20.940 --> 00:07:20.950 align:start position:0% when the user can browse and explore all 00:07:20.950 --> 00:07:24.320 align:start position:0% when the user can browse and explore all of<00:07:20.980> the<00:07:21.900> transactions<00:07:22.900> that<00:07:23.470> will<00:07:23.680> mate<00:07:23.919> with 00:07:24.320 --> 00:07:24.330 align:start position:0% of the transactions that will mate with 00:07:24.330 --> 00:07:28.290 align:start position:0% of the transactions that will mate with his<00:07:25.330> interactions<00:07:25.960> and<00:07:26.169> for<00:07:26.380> users<00:07:26.620> who<00:07:27.040> has<00:07:27.760> a 00:07:28.290 --> 00:07:28.300 align:start position:0% his interactions and for users who has a 00:07:28.300 --> 00:07:31.620 align:start position:0% his interactions and for users who has a plugin<00:07:28.930> that<00:07:29.140> allows<00:07:29.350> to<00:07:29.830> connect<00:07:30.390> to<00:07:31.390> blog 00:07:31.620 --> 00:07:31.630 align:start position:0% plugin that allows to connect to blog 00:07:31.630 --> 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a<00:07:39.220> balance<00:07:40.210> and 00:07:40.880 --> 00:07:40.890 align:start position:0% that you allowed to check a balance and 00:07:40.890 --> 00:07:44.010 align:start position:0% that you allowed to check a balance and what<00:07:41.890> goals<00:07:42.250> were<00:07:42.430> achieved<00:07:42.479> by<00:07:43.479> these<00:07:43.660> users 00:07:44.010 --> 00:07:44.020 align:start position:0% what goals were achieved by these users 00:07:44.020 --> 00:07:48.960 align:start position:0% what goals were achieved by these users and<00:07:45.300> before<00:07:46.300> we<00:07:47.020> allow<00:07:47.169> our<00:07:48.040> donors<00:07:48.490> to<00:07:48.669> enter 00:07:48.960 --> 00:07:48.970 align:start position:0% and before we allow our donors to enter 00:07:48.970 --> 00:07:50.880 align:start position:0% and before we allow our donors to enter the<00:07:49.150> Wild<00:07:49.510> West<00:07:49.660> of<00:07:49.810> the<00:07:49.930> blockchain<00:07:50.169> we<00:07:50.650> want 00:07:50.880 --> 00:07:50.890 align:start position:0% the Wild West of the blockchain we want 00:07:50.890 --> 00:07:55.320 align:start position:0% the Wild West of the blockchain we want to<00:07:51.040> equip<00:07:51.400> them<00:07:51.610> with<00:07:51.780> safety<00:07:54.030> features<00:07:55.030> like 00:07:55.320 --> 00:07:55.330 align:start position:0% to equip them with safety features like 00:07:55.330 --> 00:08:00.180 align:start position:0% to equip them with safety features like one<00:07:55.630> of<00:07:55.780> that<00:07:55.930> is<00:07:56.110> a<00:07:56.140> donation<00:07:56.530> wallet<00:07:58.830> so<00:07:59.830> all 00:08:00.180 --> 00:08:00.190 align:start position:0% one of that is a donation wallet so all 00:08:00.190 --> 00:08:03.200 align:start position:0% one of that is a donation wallet so all of<00:08:00.400> the<00:08:00.520> transfers<00:08:01.090> outside<00:08:01.990> of<00:08:02.140> the<00:08:02.260> world 00:08:03.200 --> 00:08:03.210 align:start position:0% of the transfers outside of the world 00:08:03.210 --> 00:08:06.180 align:start position:0% of the transfers outside of the world cannot<00:08:04.210> be<00:08:04.270> can<00:08:04.960> be<00:08:05.110> directed<00:08:05.800> only<00:08:05.979> to 00:08:06.180 --> 00:08:06.190 align:start position:0% cannot be can be directed only to 00:08:06.190 --> 00:08:08.850 align:start position:0% cannot be can be directed only to authorized<00:08:06.850> verified<00:08:07.630> projects<00:08:08.200> because<00:08:08.710> we 00:08:08.850 --> 00:08:08.860 align:start position:0% authorized verified projects because we 00:08:08.860 --> 00:08:12.630 align:start position:0% authorized verified projects because we want<00:08:09.040> to<00:08:09.220> shield<00:08:09.550> the<00:08:10.060> users<00:08:11.070> against<00:08:12.070> scam 00:08:12.630 --> 00:08:12.640 align:start position:0% want to shield the users against scam 00:08:12.640 --> 00:08:15.960 align:start position:0% want to shield the users against scam attacks<00:08:13.030> so<00:08:13.210> if<00:08:13.360> they<00:08:13.540> receive<00:08:14.460> offer<00:08:15.460> to 00:08:15.960 --> 00:08:15.970 align:start position:0% attacks so if they receive offer to 00:08:15.970 --> 00:08:19.110 align:start position:0% attacks so if they receive offer to donate<00:08:16.060> via<00:08:16.930> slack<00:08:17.650> channel<00:08:18.040> or<00:08:18.160> email<00:08:18.550> from 00:08:19.110 --> 00:08:19.120 align:start position:0% donate via slack channel or email from 00:08:19.120 --> 00:08:22.620 align:start position:0% donate via slack channel or email from an<00:08:19.300> untrusted<00:08:20.169> account<00:08:20.950> they<00:08:21.640> will<00:08:21.850> be<00:08:22.330> unable 00:08:22.620 --> 00:08:22.630 align:start position:0% an untrusted account they will be unable 00:08:22.630 --> 00:08:25.710 align:start position:0% an untrusted account they will be unable to<00:08:22.810> process<00:08:23.530> and<00:08:23.800> donation<00:08:24.610> wallet<00:08:24.940> also 00:08:25.710 --> 00:08:25.720 align:start position:0% to process and donation wallet also 00:08:25.720 --> 00:08:30.090 align:start position:0% to process and donation wallet also offers<00:08:26.110> a<00:08:26.140> way<00:08:26.440> to<00:08:26.470> recover<00:08:27.870> if<00:08:28.870> the<00:08:29.140> password 00:08:30.090 --> 00:08:30.100 align:start position:0% offers a way to recover if the password 00:08:30.100 --> 00:08:32.370 align:start position:0% offers a way to recover if the password was<00:08:30.250> too<00:08:30.400> lost<00:08:30.580> so<00:08:30.970> we<00:08:31.090> can<00:08:31.270> set<00:08:31.780> up<00:08:31.900> a<00:08:32.020> multi 00:08:32.370 --> 00:08:32.380 align:start position:0% was too lost so we can set up a multi 00:08:32.380 --> 00:08:37.500 align:start position:0% was too lost so we can set up a multi seek<00:08:33.270> recover<00:08:34.270> procedure<00:08:35.039> so<00:08:36.039> in<00:08:36.909> a<00:08:37.000> case<00:08:37.180> that 00:08:37.500 --> 00:08:37.510 align:start position:0% seek recover procedure so in a case that 00:08:37.510 --> 00:08:40.199 align:start position:0% seek recover procedure so in a case that you<00:08:37.750> lost<00:08:37.870> a<00:08:37.990> password<00:08:38.430> this<00:08:39.430> you<00:08:39.969> are<00:08:40.060> still 00:08:40.199 --> 00:08:40.209 align:start position:0% you lost a password this you are still 00:08:40.209 --> 00:08:42.540 align:start position:0% you lost a password this you are still able<00:08:40.690> to<00:08:40.930> set<00:08:41.229> up<00:08:41.349> a<00:08:41.440> connection<00:08:41.950> to<00:08:42.400> a<00:08:42.430> new 00:08:42.540 --> 00:08:42.550 align:start position:0% able to set up a connection to a new 00:08:42.550 --> 00:08:44.260 align:start position:0% able to set up a connection to a new account 00:08:44.260 --> 00:08:44.270 align:start position:0% account 00:08:44.270 --> 00:08:46.210 align:start position:0% account we<00:08:44.600> also<00:08:44.750> focus<00:08:45.230> on<00:08:45.440> the<00:08:45.589> security<00:08:45.800> of<00:08:46.070> the 00:08:46.210 --> 00:08:46.220 align:start position:0% we also focus on the security of the 00:08:46.220 --> 00:08:49.720 align:start position:0% we also focus on the security of the phones<00:08:46.459> that<00:08:46.850> we<00:08:47.029> are<00:08:47.060> collecting<00:08:48.610> so<00:08:49.610> the 00:08:49.720 --> 00:08:49.730 align:start position:0% phones that we are collecting so the 00:08:49.730 --> 00:08:53.470 align:start position:0% phones that we are collecting so the other<00:08:49.850> extra<00:08:50.680> features<00:08:51.680> for<00:08:52.279> our<00:08:52.480> Treasury 00:08:53.470 --> 00:08:53.480 align:start position:0% other extra features for our Treasury 00:08:53.480 --> 00:08:56.110 align:start position:0% other extra features for our Treasury like<00:08:54.080> a<00:08:54.110> two-phase<00:08:54.589> transfers<00:08:55.339> when<00:08:56.000> they 00:08:56.110 --> 00:08:56.120 align:start position:0% like a two-phase transfers when they 00:08:56.120 --> 00:08:58.060 align:start position:0% like a two-phase transfers when they need<00:08:56.270> to<00:08:56.300> be<00:08:56.480> initiated<00:08:56.630> by<00:08:57.140> data<00:08:57.649> later<00:08:57.920> on 00:08:58.060 --> 00:08:58.070 align:start position:0% need to be initiated by data later on 00:08:58.070 --> 00:09:01.480 align:start position:0% need to be initiated by data later on the<00:08:58.670> transfers<00:08:59.149> can<00:08:59.420> be<00:08:59.480> time<00:09:00.290> locked<00:09:00.589> we<00:09:01.339> also 00:09:01.480 --> 00:09:01.490 align:start position:0% the transfers can be time locked we also 00:09:01.490 --> 00:09:03.699 align:start position:0% the transfers can be time locked we also introduced<00:09:02.089> a<00:09:02.270> special<00:09:02.990> rollover 00:09:03.699 --> 00:09:03.709 align:start position:0% introduced a special rollover 00:09:03.709 --> 00:09:06.250 align:start position:0% introduced a special rollover whistleblowers<00:09:04.399> that<00:09:05.209> may<00:09:05.450> raise<00:09:05.810> an<00:09:06.020> alarm 00:09:06.250 --> 00:09:06.260 align:start position:0% whistleblowers that may raise an alarm 00:09:06.260 --> 00:09:08.590 align:start position:0% whistleblowers that may raise an alarm if<00:09:06.680> the<00:09:07.220> transfer<00:09:07.640> looks<00:09:07.850> suspicious<00:09:08.390> but 00:09:08.590 --> 00:09:08.600 align:start position:0% if the transfer looks suspicious but 00:09:08.600 --> 00:09:10.510 align:start position:0% if the transfer looks suspicious but without<00:09:08.810> any<00:09:09.080> acting<00:09:09.500> power<00:09:09.709> because<00:09:10.279> acting 00:09:10.510 --> 00:09:10.520 align:start position:0% without any acting power because acting 00:09:10.520 --> 00:09:12.910 align:start position:0% without any acting power because acting powers<00:09:11.000> in<00:09:11.180> the<00:09:11.300> hands<00:09:11.570> of<00:09:11.630> a<00:09:11.720> curator<00:09:12.080> maybe 00:09:12.910 --> 00:09:12.920 align:start position:0% powers in the hands of a curator maybe 00:09:12.920 --> 00:09:15.540 align:start position:0% powers in the hands of a curator maybe we<00:09:13.040> found<00:09:13.279> the<00:09:13.370> transfer<00:09:13.820> we<00:09:14.600> also<00:09:14.779> use 00:09:15.540 --> 00:09:15.550 align:start position:0% we found the transfer we also use 00:09:15.550 --> 00:09:18.760 align:start position:0% we found the transfer we also use classic<00:09:16.550> features<00:09:16.910> like<00:09:17.089> posing<00:09:17.959> or<00:09:18.290> freezing 00:09:18.760 --> 00:09:18.770 align:start position:0% classic features like posing or freezing 00:09:18.770 --> 00:09:20.829 align:start position:0% classic features like posing or freezing the<00:09:19.459> treasure<00:09:19.730> reconstruct<00:09:20.300> and<00:09:20.450> escape 00:09:20.829 --> 00:09:20.839 align:start position:0% the treasure reconstruct and escape 00:09:20.839 --> 00:09:24.010 align:start position:0% the treasure reconstruct and escape hatches<00:09:21.110> in<00:09:21.649> an<00:09:21.830> emergency<00:09:22.660> and<00:09:23.660> as<00:09:23.810> the 00:09:24.010 --> 00:09:24.020 align:start position:0% hatches in an emergency and as the 00:09:24.020 --> 00:09:25.990 align:start position:0% hatches in an emergency and as the project<00:09:24.410> in<00:09:24.740> practice<00:09:25.130> has<00:09:25.250> evolved<00:09:25.640> engine 00:09:25.990 --> 00:09:26.000 align:start position:0% project in practice has evolved engine 00:09:26.000 --> 00:09:30.430 align:start position:0% project in practice has evolved engine iterating<00:09:26.570> and<00:09:26.720> if<00:09:27.529> a<00:09:27.680> charity<00:09:29.440> cannot 00:09:30.430 --> 00:09:30.440 align:start position:0% iterating and if a charity cannot 00:09:30.440 --> 00:09:33.040 align:start position:0% iterating and if a charity cannot achieve<00:09:30.620> all<00:09:31.010> of<00:09:31.040> the<00:09:31.250> goals<00:09:31.330> it<00:09:32.330> is<00:09:32.510> possible 00:09:33.040 --> 00:09:33.050 align:start position:0% achieve all of the goals it is possible 00:09:33.050 --> 00:09:36.430 align:start position:0% achieve all of the goals it is possible that<00:09:33.610> charity<00:09:34.610> submit<00:09:35.480> a<00:09:35.510> proposal<00:09:35.959> update 00:09:36.430 --> 00:09:36.440 align:start position:0% that charity submit a proposal update 00:09:36.440 --> 00:09:39.970 align:start position:0% that charity submit a proposal update that<00:09:37.040> is<00:09:37.190> later<00:09:37.430> on<00:09:37.670> voted<00:09:38.240> by<00:09:39.200> donors<00:09:39.680> and 00:09:39.970 --> 00:09:39.980 align:start position:0% that is later on voted by donors and 00:09:39.980 --> 00:09:42.010 align:start position:0% that is later on voted by donors and beneficiaries<00:09:40.730> and<00:09:40.910> leave<00:09:41.060> that<00:09:41.300> cost<00:09:41.839> is 00:09:42.010 --> 00:09:42.020 align:start position:0% beneficiaries and leave that cost is 00:09:42.020 --> 00:09:44.380 align:start position:0% beneficiaries and leave that cost is valid<00:09:42.380> the<00:09:42.980> configuration<00:09:43.730> of<00:09:43.850> the<00:09:44.000> project 00:09:44.380 --> 00:09:44.390 align:start position:0% valid the configuration of the project 00:09:44.390 --> 00:09:47.920 align:start position:0% valid the configuration of the project may<00:09:44.540> be<00:09:44.570> change<00:09:45.850> we<00:09:46.850> built<00:09:47.120> an<00:09:47.270> abstract<00:09:47.779> layer 00:09:47.920 --> 00:09:47.930 align:start position:0% may be change we built an abstract layer 00:09:47.930 --> 00:09:51.069 align:start position:0% may be change we built an abstract layer around<00:09:48.560> our<00:09:48.950> data<00:09:49.339> so<00:09:50.089> we<00:09:50.209> tokenized<00:09:50.630> that 00:09:51.069 --> 00:09:51.079 align:start position:0% around our data so we tokenized that 00:09:51.079 --> 00:09:52.540 align:start position:0% around our data so we tokenized that in<00:09:51.200> the<00:09:51.320> form<00:09:51.589> that<00:09:51.680> we<00:09:52.010> store<00:09:52.250> meta 00:09:52.540 --> 00:09:52.550 align:start position:0% in the form that we store meta 00:09:52.550 --> 00:09:54.069 align:start position:0% in the form that we store meta information<00:09:52.790> about<00:09:53.329> who<00:09:53.510> was<00:09:53.630> the<00:09:53.779> author<00:09:53.899> of 00:09:54.069 --> 00:09:54.079 align:start position:0% information about who was the author of 00:09:54.079 --> 00:09:56.410 align:start position:0% information about who was the author of the<00:09:54.320> data<00:09:54.529> at<00:09:54.890> what<00:09:55.459> are<00:09:55.610> the<00:09:55.760> access<00:09:56.149> right 00:09:56.410 --> 00:09:56.420 align:start position:0% the data at what are the access right 00:09:56.420 --> 00:09:58.870 align:start position:0% the data at what are the access right and<00:09:56.750> the<00:09:57.320> full<00:09:57.500> evidence<00:09:57.860> is<00:09:58.040> kept<00:09:58.370> in<00:09:58.670> the<00:09:58.760> off 00:09:58.870 --> 00:09:58.880 align:start position:0% and the full evidence is kept in the off 00:09:58.880 --> 00:10:01.560 align:start position:0% and the full evidence is kept in the off train<00:09:59.270> and<00:09:59.540> cryptid<00:10:00.170> database<00:10:00.950> that<00:10:01.370> is 00:10:01.560 --> 00:10:01.570 align:start position:0% train and cryptid database that is 00:10:01.570 --> 00:10:04.600 align:start position:0% train and cryptid database that is synchronized<00:10:03.040> notarized<00:10:04.040> on<00:10:04.310> the<00:10:04.399> blockchain 00:10:04.600 --> 00:10:04.610 align:start position:0% synchronized notarized on the blockchain 00:10:04.610 --> 00:10:07.569 align:start position:0% synchronized notarized on the blockchain why<00:10:05.540> do<00:10:05.600> we<00:10:05.779> need<00:10:05.930> such<00:10:06.440> a<00:10:06.470> structure<00:10:07.130> for<00:10:07.430> our 00:10:07.569 --> 00:10:07.579 align:start position:0% why do we need such a structure for our 00:10:07.579 --> 00:10:11.139 align:start position:0% why do we need such a structure for our data<00:10:07.760> I<00:10:08.000> would<00:10:08.180> refer<00:10:09.140> to<00:10:09.170> explain<00:10:09.709> yeah<00:10:10.700> so 00:10:11.139 --> 00:10:11.149 align:start position:0% data I would refer to explain yeah so 00:10:11.149 --> 00:10:13.480 align:start position:0% data I would refer to explain yeah so this<00:10:11.779> has<00:10:12.200> to<00:10:12.320> do<00:10:12.470> with<00:10:12.500> the<00:10:12.920> the<00:10:12.950> broader 00:10:13.480 --> 00:10:13.490 align:start position:0% this has to do with the the broader 00:10:13.490 --> 00:10:16.019 align:start position:0% this has to do with the the broader vision<00:10:13.760> of<00:10:14.180> Alice<00:10:15.170> which<00:10:15.380> actually<00:10:15.800> goes 00:10:16.019 --> 00:10:16.029 align:start position:0% vision of Alice which actually goes 00:10:16.029 --> 00:10:20.069 align:start position:0% vision of Alice which actually goes beyond<00:10:17.170> donations<00:10:18.170> and<00:10:18.410> obviously 00:10:20.069 --> 00:10:20.079 align:start position:0% beyond donations and obviously 00:10:20.079 --> 00:10:22.569 align:start position:0% beyond donations and obviously transparency<00:10:21.079> is<00:10:21.170> really<00:10:21.470> important<00:10:22.250> for 00:10:22.569 --> 00:10:22.579 align:start position:0% transparency is really important for 00:10:22.579 --> 00:10:24.579 align:start position:0% transparency is really important for small<00:10:22.970> donors<00:10:23.360> because<00:10:24.140> they're<00:10:24.350> they're 00:10:24.579 --> 00:10:24.589 align:start position:0% small donors because they're they're 00:10:24.589 --> 00:10:27.069 align:start position:0% small donors because they're they're losing<00:10:24.770> trust<00:10:25.100> in<00:10:25.399> in<00:10:25.790> charities<00:10:26.360> but<00:10:26.899> it's 00:10:27.069 --> 00:10:27.079 align:start position:0% losing trust in in charities but it's 00:10:27.079 --> 00:10:29.050 align:start position:0% losing trust in in charities but it's actually<00:10:27.440> also<00:10:27.800> important<00:10:28.339> for<00:10:28.579> a<00:10:28.640> whole<00:10:28.820> host 00:10:29.050 --> 00:10:29.060 align:start position:0% actually also important for a whole host 00:10:29.060 --> 00:10:32.530 align:start position:0% actually also important for a whole host of<00:10:29.300> other<00:10:29.600> social<00:10:30.589> impact<00:10:31.040> actors<00:10:31.550> for 00:10:32.530 --> 00:10:32.540 align:start position:0% of other social impact actors for 00:10:32.540 --> 00:10:35.260 align:start position:0% of other social impact actors for example<00:10:33.020> big<00:10:33.829> philanthropic<00:10:34.190> trusts<00:10:35.060> and 00:10:35.260 --> 00:10:35.270 align:start position:0% example big philanthropic trusts and 00:10:35.270 --> 00:10:38.470 align:start position:0% example big philanthropic trusts and foundations<00:10:36.110> and<00:10:36.320> they<00:10:37.279> are<00:10:37.730> increasingly 00:10:38.470 --> 00:10:38.480 align:start position:0% foundations and they are increasingly 00:10:38.480 --> 00:10:41.769 align:start position:0% foundations and they are increasingly giving<00:10:38.990> grants<00:10:39.470> based<00:10:40.459> on<00:10:40.700> evidence<00:10:41.270> so<00:10:41.660> it's 00:10:41.769 --> 00:10:41.779 align:start position:0% giving grants based on evidence so it's 00:10:41.779 --> 00:10:43.199 align:start position:0% giving grants based on evidence so it's very<00:10:41.870> important<00:10:42.380> to<00:10:42.440> measure<00:10:42.680> that 00:10:43.199 --> 00:10:43.209 align:start position:0% very important to measure that 00:10:43.209 --> 00:10:46.000 align:start position:0% very important to measure that governments<00:10:44.209> in<00:10:44.300> the<00:10:44.390> UK<00:10:44.720> the<00:10:44.899> US<00:10:45.200> Europe<00:10:45.890> and 00:10:46.000 --> 00:10:46.010 align:start position:0% governments in the UK the US Europe and 00:10:46.010 --> 00:10:49.360 align:start position:0% governments in the UK the US Europe and increasingly<00:10:46.660> other<00:10:47.660> countries<00:10:48.370> shifting 00:10:49.360 --> 00:10:49.370 align:start position:0% increasingly other countries shifting 00:10:49.370 --> 00:10:52.120 align:start position:0% increasingly other countries shifting also<00:10:49.880> their<00:10:50.120> grants<00:10:50.510> to<00:10:51.140> payment<00:10:51.649> for<00:10:51.800> success 00:10:52.120 --> 00:10:52.130 align:start position:0% also their grants to payment for success 00:10:52.130 --> 00:10:54.970 align:start position:0% also their grants to payment for success models<00:10:52.579> where<00:10:53.060> they<00:10:53.180> only<00:10:53.300> pay<00:10:53.720> when<00:10:54.320> when 00:10:54.970 --> 00:10:54.980 align:start position:0% models where they only pay when when 00:10:54.980 --> 00:10:56.620 align:start position:0% models where they only pay when when outcomes<00:10:55.670> social<00:10:56.120> outcomes<00:10:56.420> have<00:10:56.600> been 00:10:56.620 --> 00:10:56.630 align:start position:0% outcomes social outcomes have been 00:10:56.630 --> 00:10:57.639 align:start position:0% outcomes social outcomes have been achieved<00:10:57.050> and 00:10:57.639 --> 00:10:57.649 align:start position:0% achieved and 00:10:57.649 --> 00:11:00.069 align:start position:0% achieved and over<00:10:57.860> the<00:10:57.949> last<00:10:58.069> 10<00:10:58.670> years<00:10:58.699> or<00:10:58.999> so<00:10:59.079> there's 00:11:00.069 --> 00:11:00.079 align:start position:0% over the last 10 years or so there's 00:11:00.079 --> 00:11:02.309 align:start position:0% over the last 10 years or so there's been<00:11:00.199> a<00:11:00.230> real<00:11:00.319> rise<00:11:00.860> in<00:11:01.189> an<00:11:01.309> alternative 00:11:02.309 --> 00:11:02.319 align:start position:0% been a real rise in an alternative 00:11:02.319 --> 00:11:05.559 align:start position:0% been a real rise in an alternative source<00:11:03.319> of<00:11:03.410> funding<00:11:03.829> in<00:11:04.100> the<00:11:04.819> form<00:11:04.970> of<00:11:05.089> impact 00:11:05.559 --> 00:11:05.569 align:start position:0% source of funding in the form of impact 00:11:05.569 --> 00:11:08.049 align:start position:0% source of funding in the form of impact investment<00:11:06.139> so<00:11:06.649> what<00:11:06.860> impact<00:11:07.279> investors<00:11:07.910> do 00:11:08.049 --> 00:11:08.059 align:start position:0% investment so what impact investors do 00:11:08.059 --> 00:11:09.850 align:start position:0% investment so what impact investors do is<00:11:08.180> when<00:11:08.300> they<00:11:08.389> invest<00:11:08.689> obviously<00:11:09.230> they 00:11:09.850 --> 00:11:09.860 align:start position:0% is when they invest obviously they 00:11:09.860 --> 00:11:12.040 align:start position:0% is when they invest obviously they they're<00:11:10.819> looking<00:11:11.059> for<00:11:11.240> a<00:11:11.269> financial<00:11:11.600> return 00:11:12.040 --> 00:11:12.050 align:start position:0% they're looking for a financial return 00:11:12.050 --> 00:11:14.470 align:start position:0% they're looking for a financial return but<00:11:12.800> they're<00:11:12.920> also<00:11:13.100> looking<00:11:13.430> for<00:11:13.670> a<00:11:13.850> social<00:11:14.240> or 00:11:14.470 --> 00:11:14.480 align:start position:0% but they're also looking for a social or 00:11:14.480 --> 00:11:16.960 align:start position:0% but they're also looking for a social or environmental<00:11:14.899> return<00:11:15.470> which<00:11:16.459> means<00:11:16.730> that 00:11:16.960 --> 00:11:16.970 align:start position:0% environmental return which means that 00:11:16.970 --> 00:11:18.489 align:start position:0% environmental return which means that it's<00:11:17.089> really<00:11:17.329> important<00:11:17.809> for<00:11:17.899> them<00:11:18.019> to<00:11:18.259> track 00:11:18.489 --> 00:11:18.499 align:start position:0% it's really important for them to track 00:11:18.499 --> 00:11:22.319 align:start position:0% it's really important for them to track that<00:11:18.709> data<00:11:18.889> and<00:11:19.839> the<00:11:20.839> big<00:11:21.079> problem<00:11:21.559> is<00:11:21.769> that 00:11:22.319 --> 00:11:22.329 align:start position:0% that data and the big problem is that 00:11:22.329 --> 00:11:24.460 align:start position:0% that data and the big problem is that unfortunately<00:11:23.329> when<00:11:23.689> it<00:11:23.809> comes<00:11:24.019> to<00:11:24.170> impact 00:11:24.460 --> 00:11:24.470 align:start position:0% unfortunately when it comes to impact 00:11:24.470 --> 00:11:26.559 align:start position:0% unfortunately when it comes to impact data<00:11:24.649> we're<00:11:25.129> still<00:11:25.309> in<00:11:25.459> prehistoric<00:11:25.819> times 00:11:26.559 --> 00:11:26.569 align:start position:0% data we're still in prehistoric times 00:11:26.569 --> 00:11:29.590 align:start position:0% data we're still in prehistoric times everybody<00:11:27.529> is<00:11:27.709> systematically<00:11:28.600> reinventing 00:11:29.590 --> 00:11:29.600 align:start position:0% everybody is systematically reinventing 00:11:29.600 --> 00:11:30.369 align:start position:0% everybody is systematically reinventing the<00:11:29.720> wheel 00:11:30.369 --> 00:11:30.379 align:start position:0% the wheel 00:11:30.379 --> 00:11:33.160 align:start position:0% the wheel everybody<00:11:31.069> is<00:11:31.220> measuring<00:11:31.759> things<00:11:32.170> quite 00:11:33.160 --> 00:11:33.170 align:start position:0% everybody is measuring things quite 00:11:33.170 --> 00:11:34.809 align:start position:0% everybody is measuring things quite differently<00:11:33.199> the<00:11:34.069> standards<00:11:34.550> that<00:11:34.699> exist 00:11:34.809 --> 00:11:34.819 align:start position:0% differently the standards that exist 00:11:34.819 --> 00:11:36.759 align:start position:0% differently the standards that exist aren't<00:11:35.779> really<00:11:35.990> aren't<00:11:36.379> really<00:11:36.559> widespread 00:11:36.759 --> 00:11:36.769 align:start position:0% aren't really aren't really widespread 00:11:36.769 --> 00:11:40.780 align:start position:0% aren't really aren't really widespread and<00:11:38.110> really<00:11:39.110> importantly<00:11:39.649> all<00:11:39.949> of<00:11:40.129> that<00:11:40.459> data 00:11:40.780 --> 00:11:40.790 align:start position:0% and really importantly all of that data 00:11:40.790 --> 00:11:43.600 align:start position:0% and really importantly all of that data tends<00:11:41.329> to<00:11:41.540> get<00:11:41.660> stuck<00:11:41.720> in<00:11:42.529> the<00:11:42.860> individual 00:11:43.600 --> 00:11:43.610 align:start position:0% tends to get stuck in the individual 00:11:43.610 --> 00:11:45.639 align:start position:0% tends to get stuck in the individual databases<00:11:44.119> of<00:11:44.509> all<00:11:44.629> of<00:11:44.779> these<00:11:44.899> organizations 00:11:45.639 --> 00:11:45.649 align:start position:0% databases of all of these organizations 00:11:45.649 --> 00:11:48.609 align:start position:0% databases of all of these organizations so<00:11:46.189> it<00:11:46.369> makes<00:11:46.639> it<00:11:46.730> really<00:11:47.329> difficult<00:11:47.619> to 00:11:48.609 --> 00:11:48.619 align:start position:0% so it makes it really difficult to 00:11:48.619 --> 00:11:50.769 align:start position:0% so it makes it really difficult to access<00:11:48.829> and<00:11:49.550> compare<00:11:50.119> and<00:11:50.240> benchmark 00:11:50.769 --> 00:11:50.779 align:start position:0% access and compare and benchmark 00:11:50.779 --> 00:11:53.710 align:start position:0% access and compare and benchmark projects<00:11:51.290> to<00:11:51.410> see<00:11:51.589> which<00:11:51.800> ones<00:11:52.069> are<00:11:52.369> the<00:11:53.119> are 00:11:53.710 --> 00:11:53.720 align:start position:0% projects to see which ones are the are 00:11:53.720 --> 00:11:57.369 align:start position:0% projects to see which ones are the are the<00:11:53.899> most<00:11:54.050> effective<00:11:54.639> so<00:11:55.639> we<00:11:56.420> are<00:11:56.720> going<00:11:57.290> to 00:11:57.369 --> 00:11:57.379 align:start position:0% the most effective so we are going to 00:11:57.379 --> 00:12:01.989 align:start position:0% the most effective so we are going to build<00:11:57.619> three<00:11:58.519> main<00:11:58.839> evolutions<00:12:00.309> on<00:12:01.309> on<00:12:01.730> the 00:12:01.989 --> 00:12:01.999 align:start position:0% build three main evolutions on on the 00:12:01.999 --> 00:12:05.860 align:start position:0% build three main evolutions on on the Allis<00:12:02.360> Network<00:12:02.749> the<00:12:03.649> first<00:12:03.889> one<00:12:04.160> is<00:12:04.870> really 00:12:05.860 --> 00:12:05.870 align:start position:0% Allis Network the first one is really 00:12:05.870 --> 00:12:08.679 align:start position:0% Allis Network the first one is really starting<00:12:06.620> to<00:12:06.800> break<00:12:07.100> down<00:12:07.129> what<00:12:08.120> goes<00:12:08.329> in<00:12:08.540> that 00:12:08.679 --> 00:12:08.689 align:start position:0% starting to break down what goes in that 00:12:08.689 --> 00:12:11.160 align:start position:0% starting to break down what goes in that impact<00:12:09.110> data<00:12:09.350> so<00:12:10.129> we're<00:12:10.309> going<00:12:10.429> to<00:12:10.519> require 00:12:11.160 --> 00:12:11.170 align:start position:0% impact data so we're going to require 00:12:11.170 --> 00:12:15.069 align:start position:0% impact data so we're going to require that<00:12:12.170> that<00:12:12.949> social<00:12:13.129> organisations<00:12:14.079> break 00:12:15.069 --> 00:12:15.079 align:start position:0% that that social organisations break 00:12:15.079 --> 00:12:17.679 align:start position:0% that that social organisations break down<00:12:15.230> their<00:12:15.550> projects<00:12:16.550> across<00:12:16.879> five 00:12:17.679 --> 00:12:17.689 align:start position:0% down their projects across five 00:12:17.689 --> 00:12:19.809 align:start position:0% down their projects across five dimensions<00:12:18.439> those<00:12:18.980> five<00:12:19.160> dimensions<00:12:19.699> have 00:12:19.809 --> 00:12:19.819 align:start position:0% dimensions those five dimensions have 00:12:19.819 --> 00:12:21.669 align:start position:0% dimensions those five dimensions have been<00:12:19.970> developed<00:12:20.449> by<00:12:20.689> the<00:12:20.720> impact<00:12:21.259> management 00:12:21.669 --> 00:12:21.679 align:start position:0% been developed by the impact management 00:12:21.679 --> 00:12:23.470 align:start position:0% been developed by the impact management project<00:12:22.069> with<00:12:22.279> who<00:12:22.429> we<00:12:22.610> we're<00:12:22.999> collaborating 00:12:23.470 --> 00:12:23.480 align:start position:0% project with who we we're collaborating 00:12:23.480 --> 00:12:26.019 align:start position:0% project with who we we're collaborating it's<00:12:23.809> a<00:12:23.870> big<00:12:24.019> open<00:12:24.170> source<00:12:24.620> research<00:12:25.279> project 00:12:26.019 --> 00:12:26.029 align:start position:0% it's a big open source research project 00:12:26.029 --> 00:12:28.410 align:start position:0% it's a big open source research project that's 00:12:28.410 --> 00:12:28.420 align:start position:0% that's 00:12:28.420 --> 00:12:30.880 align:start position:0% that's amongst<00:12:29.420> over<00:12:29.630> 700<00:12:30.110> practitioners<00:12:30.710> all 00:12:30.880 --> 00:12:30.890 align:start position:0% amongst over 700 practitioners all 00:12:30.890 --> 00:12:33.730 align:start position:0% amongst over 700 practitioners all around<00:12:31.220> the<00:12:31.310> world<00:12:31.490> to<00:12:32.450> to<00:12:32.990> build<00:12:33.350> a<00:12:33.410> framework 00:12:33.730 --> 00:12:33.740 align:start position:0% around the world to to build a framework 00:12:33.740 --> 00:12:38.220 align:start position:0% around the world to to build a framework for<00:12:33.980> how<00:12:34.280> to<00:12:34.400> to<00:12:35.090> measure<00:12:35.360> manage<00:12:35.990> impact<00:12:37.120> and 00:12:38.220 --> 00:12:38.230 align:start position:0% for how to to measure manage impact and 00:12:38.230 --> 00:12:40.690 align:start position:0% for how to to measure manage impact and effectively<00:12:39.230> the<00:12:39.740> projects<00:12:40.100> will<00:12:40.250> be<00:12:40.280> tagged 00:12:40.690 --> 00:12:40.700 align:start position:0% effectively the projects will be tagged 00:12:40.700 --> 00:12:43.480 align:start position:0% effectively the projects will be tagged across<00:12:41.120> those<00:12:41.300> five<00:12:41.570> dimensions<00:12:42.200> and<00:12:43.190> we're 00:12:43.480 --> 00:12:43.490 align:start position:0% across those five dimensions and we're 00:12:43.490 --> 00:12:44.980 align:start position:0% across those five dimensions and we're also<00:12:43.640> going<00:12:43.910> to<00:12:44.000> require<00:12:44.270> social 00:12:44.980 --> 00:12:44.990 align:start position:0% also going to require social 00:12:44.990 --> 00:12:47.500 align:start position:0% also going to require social organizations<00:12:45.830> and<00:12:46.070> projects<00:12:46.430> to<00:12:46.700> produce 00:12:47.500 --> 00:12:47.510 align:start position:0% organizations and projects to produce 00:12:47.510 --> 00:12:50.500 align:start position:0% organizations and projects to produce regular<00:12:48.370> progress<00:12:49.370> reports<00:12:49.510> against 00:12:50.500 --> 00:12:50.510 align:start position:0% regular progress reports against 00:12:50.510 --> 00:12:54.310 align:start position:0% regular progress reports against internal<00:12:51.170> performance<00:12:51.650> indicators<00:12:52.520> and<00:12:53.320> the 00:12:54.310 --> 00:12:54.320 align:start position:0% internal performance indicators and the 00:12:54.320 --> 00:12:55.900 align:start position:0% internal performance indicators and the way<00:12:54.440> that<00:12:54.620> we're<00:12:54.710> going<00:12:54.740> to<00:12:54.950> enforce<00:12:55.370> that<00:12:55.460> is 00:12:55.900 --> 00:12:55.910 align:start position:0% way that we're going to enforce that is 00:12:55.910 --> 00:12:58.150 align:start position:0% way that we're going to enforce that is that<00:12:56.300> they<00:12:56.480> will<00:12:56.780> be<00:12:56.930> rewarded<00:12:57.680> they'll<00:12:58.010> get 00:12:58.150 --> 00:12:58.160 align:start position:0% that they will be rewarded they'll get 00:12:58.160 --> 00:13:01.510 align:start position:0% that they will be rewarded they'll get paid<00:12:58.430> for<00:12:59.270> for<00:13:00.140> submitting<00:13:00.560> those<00:13:00.770> those 00:13:01.510 --> 00:13:01.520 align:start position:0% paid for for submitting those those 00:13:01.520 --> 00:13:03.640 align:start position:0% paid for for submitting those those reports<00:13:01.970> and<00:13:02.180> if<00:13:02.780> they<00:13:02.900> don't<00:13:03.140> submit<00:13:03.320> them<00:13:03.560> on 00:13:03.640 --> 00:13:03.650 align:start position:0% reports and if they don't submit them on 00:13:03.650 --> 00:13:05.680 align:start position:0% reports and if they don't submit them on time<00:13:03.830> so<00:13:04.220> for<00:13:04.370> example<00:13:04.760> then<00:13:05.240> they<00:13:05.450> will<00:13:05.570> be 00:13:05.680 --> 00:13:05.690 align:start position:0% time so for example then they will be 00:13:05.690 --> 00:13:07.420 align:start position:0% time so for example then they will be punished<00:13:06.080> with<00:13:06.350> all<00:13:06.680> further<00:13:06.980> payments 00:13:07.420 --> 00:13:07.430 align:start position:0% punished with all further payments 00:13:07.430 --> 00:13:10.570 align:start position:0% punished with all further payments withheld<00:13:07.970> until<00:13:08.450> they<00:13:08.600> do<00:13:08.660> and<00:13:09.050> that<00:13:09.950> payment 00:13:10.570 --> 00:13:10.580 align:start position:0% withheld until they do and that payment 00:13:10.580 --> 00:13:13.390 align:start position:0% withheld until they do and that payment for<00:13:10.850> reporting<00:13:11.330> is<00:13:11.690> actually<00:13:12.170> also<00:13:13.100> at<00:13:13.310> the 00:13:13.390 --> 00:13:13.400 align:start position:0% for reporting is actually also at the 00:13:13.400 --> 00:13:15.550 align:start position:0% for reporting is actually also at the core<00:13:13.640> of<00:13:13.670> what<00:13:14.060> of<00:13:14.270> what<00:13:14.450> we<00:13:14.570> do<00:13:14.750> because<00:13:14.930> what 00:13:15.550 --> 00:13:15.560 align:start position:0% core of what of what we do because what 00:13:15.560 --> 00:13:18.210 align:start position:0% core of what of what we do because what we<00:13:15.740> what<00:13:16.160> we're<00:13:16.280> going<00:13:16.550> for<00:13:16.580> is<00:13:17.090> not<00:13:17.300> making 00:13:18.210 --> 00:13:18.220 align:start position:0% we what we're going for is not making 00:13:18.220 --> 00:13:22.360 align:start position:0% we what we're going for is not making impact<00:13:19.220> projects<00:13:19.820> cheap<00:13:20.510> but<00:13:21.260> effective<00:13:21.370> so 00:13:22.360 --> 00:13:22.370 align:start position:0% impact projects cheap but effective so 00:13:22.370 --> 00:13:23.800 align:start position:0% impact projects cheap but effective so you're<00:13:22.580> probably<00:13:22.700> familiar<00:13:23.000> with<00:13:23.270> this<00:13:23.510> kind 00:13:23.800 --> 00:13:23.810 align:start position:0% you're probably familiar with this kind 00:13:23.810 --> 00:13:26.080 align:start position:0% you're probably familiar with this kind of<00:13:23.960> pie<00:13:24.410> chart<00:13:24.770> that<00:13:24.920> social<00:13:25.460> organizations 00:13:26.080 --> 00:13:26.090 align:start position:0% of pie chart that social organizations 00:13:26.090 --> 00:13:28.030 align:start position:0% of pie chart that social organizations produce<00:13:26.300> showing<00:13:26.810> exactly<00:13:27.140> how<00:13:27.470> much<00:13:27.830> money 00:13:28.030 --> 00:13:28.040 align:start position:0% produce showing exactly how much money 00:13:28.040 --> 00:13:30.370 align:start position:0% produce showing exactly how much money goes<00:13:28.100> to<00:13:28.370> admin<00:13:28.850> how<00:13:29.300> much<00:13:29.450> money<00:13:29.660> goes<00:13:29.840> to<00:13:30.020> PR 00:13:30.370 --> 00:13:30.380 align:start position:0% goes to admin how much money goes to PR 00:13:30.380 --> 00:13:32.080 align:start position:0% goes to admin how much money goes to PR or<00:13:30.590> fundraising<00:13:31.070> how<00:13:31.490> much<00:13:31.640> gets<00:13:31.850> to<00:13:32.000> the 00:13:32.080 --> 00:13:32.090 align:start position:0% or fundraising how much gets to the 00:13:32.090 --> 00:13:34.360 align:start position:0% or fundraising how much gets to the frontline<00:13:32.510> and<00:13:32.810> actually<00:13:33.740> we<00:13:33.890> don't<00:13:34.040> think 00:13:34.360 --> 00:13:34.370 align:start position:0% frontline and actually we don't think 00:13:34.370 --> 00:13:36.700 align:start position:0% frontline and actually we don't think that<00:13:34.490> that's<00:13:34.610> the<00:13:35.420> most<00:13:35.570> important<00:13:36.050> thing<00:13:36.110> at 00:13:36.700 --> 00:13:36.710 align:start position:0% that that's the most important thing at 00:13:36.710 --> 00:13:38.530 align:start position:0% that that's the most important thing at all<00:13:37.010> because<00:13:37.250> it<00:13:37.460> doesn't<00:13:37.760> really<00:13:38.030> tell<00:13:38.420> you 00:13:38.530 --> 00:13:38.540 align:start position:0% all because it doesn't really tell you 00:13:38.540 --> 00:13:40.510 align:start position:0% all because it doesn't really tell you anything<00:13:39.080> about<00:13:39.320> how<00:13:39.740> effective<00:13:40.340> they<00:13:40.490> are 00:13:40.510 --> 00:13:40.520 align:start position:0% anything about how effective they are 00:13:40.520 --> 00:13:44.350 align:start position:0% anything about how effective they are what<00:13:41.270> we<00:13:41.420> prefer<00:13:41.660> to<00:13:41.990> focus<00:13:42.350> on<00:13:42.530> is<00:13:43.360> tracking 00:13:44.350 --> 00:13:44.360 align:start position:0% what we prefer to focus on is tracking 00:13:44.360 --> 00:13:45.880 align:start position:0% what we prefer to focus on is tracking the<00:13:44.480> impact<00:13:44.570> so<00:13:44.990> how<00:13:45.170> many<00:13:45.230> people<00:13:45.500> have<00:13:45.740> been 00:13:45.880 --> 00:13:45.890 align:start position:0% the impact so how many people have been 00:13:45.890 --> 00:13:49.390 align:start position:0% the impact so how many people have been helped<00:13:46.510> is<00:13:47.510> this<00:13:48.110> social<00:13:48.470> project<00:13:48.500> actually 00:13:49.390 --> 00:13:49.400 align:start position:0% helped is this social project actually 00:13:49.400 --> 00:13:51.760 align:start position:0% helped is this social project actually improving<00:13:50.300> the<00:13:50.570> lives<00:13:50.810> of<00:13:51.050> the<00:13:51.260> of<00:13:51.440> the<00:13:51.590> people 00:13:51.760 --> 00:13:51.770 align:start position:0% improving the lives of the of the people 00:13:51.770 --> 00:13:53.350 align:start position:0% improving the lives of the of the people that<00:13:52.010> it<00:13:52.190> serves<00:13:52.220> so<00:13:52.640> we're<00:13:52.790> not<00:13:52.880> tracking<00:13:53.270> the 00:13:53.350 --> 00:13:53.360 align:start position:0% that it serves so we're not tracking the 00:13:53.360 --> 00:13:56.350 align:start position:0% that it serves so we're not tracking the money<00:13:53.540> we're<00:13:54.170> tracking<00:13:54.380> the<00:13:54.650> impact<00:13:55.360> the 00:13:56.350 --> 00:13:56.360 align:start position:0% money we're tracking the impact the 00:13:56.360 --> 00:13:59.710 align:start position:0% money we're tracking the impact the second<00:13:56.750> major<00:13:57.430> evolution<00:13:58.430> to<00:13:58.940> the<00:13:59.060> network<00:13:59.450> is 00:13:59.710 --> 00:13:59.720 align:start position:0% second major evolution to the network is 00:13:59.720 --> 00:14:01.840 align:start position:0% second major evolution to the network is that<00:14:00.020> we<00:14:00.140> are<00:14:00.260> going<00:14:00.440> to<00:14:00.530> incentivize<00:14:01.250> users 00:14:01.840 --> 00:14:01.850 align:start position:0% that we are going to incentivize users 00:14:01.850 --> 00:14:04.000 align:start position:0% that we are going to incentivize users to<00:14:02.360> take<00:14:02.570> all<00:14:02.810> of<00:14:02.840> that<00:14:02.990> impact<00:14:03.500> data<00:14:03.680> that's 00:14:04.000 --> 00:14:04.010 align:start position:0% to take all of that impact data that's 00:14:04.010 --> 00:14:05.500 align:start position:0% to take all of that impact data that's been<00:14:04.130> produced<00:14:04.520> by<00:14:04.670> your<00:14:04.790> projects<00:14:05.270> across 00:14:05.500 --> 00:14:05.510 align:start position:0% been produced by your projects across 00:14:05.510 --> 00:14:08.560 align:start position:0% been produced by your projects across the<00:14:05.630> network<00:14:06.110> and<00:14:06.440> crunch<00:14:07.430> that<00:14:07.700> data<00:14:07.760> so<00:14:08.540> that 00:14:08.560 --> 00:14:08.570 align:start position:0% the network and crunch that data so that 00:14:08.570 --> 00:14:10.240 align:start position:0% the network and crunch that data so that you<00:14:08.780> can<00:14:08.930> really<00:14:09.140> surface<00:14:09.800> the<00:14:10.010> most 00:14:10.240 --> 00:14:10.250 align:start position:0% you can really surface the most 00:14:10.250 --> 00:14:13.450 align:start position:0% you can really surface the most effective<00:14:11.240> projects<00:14:12.200> so<00:14:12.560> that<00:14:12.590> funders<00:14:13.160> can 00:14:13.450 --> 00:14:13.460 align:start position:0% effective projects so that funders can 00:14:13.460 --> 00:14:17.320 align:start position:0% effective projects so that funders can can<00:14:13.910> help<00:14:14.180> scale<00:14:14.540> them<00:14:14.810> and<00:14:15.020> we're<00:14:15.860> also<00:14:16.330> going 00:14:17.320 --> 00:14:17.330 align:start position:0% can help scale them and we're also going 00:14:17.330 --> 00:14:20.620 align:start position:0% can help scale them and we're also going to<00:14:17.420> build<00:14:18.170> prediction<00:14:19.010> markets<00:14:19.460> that<00:14:20.420> allow 00:14:20.620 --> 00:14:20.630 align:start position:0% to build prediction markets that allow 00:14:20.630 --> 00:14:24.610 align:start position:0% to build prediction markets that allow users<00:14:21.050> to<00:14:21.080> bet<00:14:21.500> on<00:14:21.830> whether<00:14:22.520> the<00:14:23.480> the<00:14:24.020> proposed 00:14:24.610 --> 00:14:24.620 align:start position:0% users to bet on whether the the proposed 00:14:24.620 --> 00:14:26.350 align:start position:0% users to bet on whether the the proposed changes<00:14:25.130> to<00:14:25.160> projects<00:14:25.700> that<00:14:25.790> are<00:14:26.000> submitted 00:14:26.350 --> 00:14:26.360 align:start position:0% changes to projects that are submitted 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impact of of those projects and<00:14:34.760> the<00:14:35.150> idea<00:14:35.450> there<00:14:35.690> is<00:14:35.720> to<00:14:36.050> crowdsource<00:14:36.410> the 00:14:37.150 --> 00:14:37.160 align:start position:0% and the idea there is to crowdsource the 00:14:37.160 --> 00:14:39.040 align:start position:0% and the idea there is to crowdsource the expertise<00:14:37.700> of<00:14:37.730> people<00:14:38.000> across<00:14:38.570> the<00:14:38.720> network 00:14:39.040 --> 00:14:39.050 align:start position:0% expertise of people across the network 00:14:39.050 --> 00:14:41.350 align:start position:0% expertise of people across the network to<00:14:39.290> really<00:14:39.710> help<00:14:39.980> charities<00:14:40.580> learn<00:14:40.910> for 00:14:41.350 --> 00:14:41.360 align:start position:0% to really help charities learn for 00:14:41.360 --> 00:14:43.240 align:start position:0% to really help charities learn for from<00:14:41.540> each<00:14:41.660> other<00:14:42.019> and<00:14:42.170> iterate<00:14:43.070> their 00:14:43.240 --> 00:14:43.250 align:start position:0% from each other and iterate their 00:14:43.250 --> 00:14:44.440 align:start position:0% from each other and iterate their projects<00:14:43.700> to<00:14:43.820> really<00:14:44.029> make<00:14:44.180> them<00:14:44.329> as 00:14:44.440 --> 00:14:44.450 align:start position:0% projects to really make them as 00:14:44.450 --> 00:14:48.759 align:start position:0% projects to really make them as effective<00:14:44.690> as<00:14:45.050> possible<00:14:45.079> and<00:14:46.420> finally<00:14:47.769> what 00:14:48.759 --> 00:14:48.769 align:start position:0% effective as possible and finally what 00:14:48.769 --> 00:14:52.509 align:start position:0% effective as possible and finally what we<00:14:48.920> are<00:14:49.220> going<00:14:49.760> to<00:14:50.140> build<00:14:51.140> is<00:14:51.529> another<00:14:52.070> payment 00:14:52.509 --> 00:14:52.519 align:start position:0% we are going to build is another payment 00:14:52.519 --> 00:14:55.360 align:start position:0% we are going to build is another payment module<00:14:53.079> that's<00:14:54.079> focused<00:14:54.680> on<00:14:54.769> impact 00:14:55.360 --> 00:14:55.370 align:start position:0% module that's focused on impact 00:14:55.370 --> 00:14:57.009 align:start position:0% module that's focused on impact investment<00:14:55.940> because<00:14:56.480> what<00:14:56.630> we<00:14:56.720> have<00:14:56.870> right 00:14:57.009 --> 00:14:57.019 align:start position:0% investment because what we have right 00:14:57.019 --> 00:15:00.400 align:start position:0% investment because what we have right now<00:14:57.079> is<00:14:57.500> that<00:14:57.800> donors<00:14:58.279> give<00:14:59.240> to<00:14:59.510> give<00:15:00.079> to<00:15:00.290> the 00:15:00.400 --> 00:15:00.410 align:start position:0% now is that donors give to give to the 00:15:00.410 --> 00:15:02.620 align:start position:0% now is that donors give to give to the the<00:15:00.860> social<00:15:01.399> projects<00:15:01.790> that<00:15:02.000> those<00:15:02.269> funds<00:15:02.510> are 00:15:02.620 --> 00:15:02.630 align:start position:0% the social projects that those funds are 00:15:02.630 --> 00:15:04.569 align:start position:0% the social projects that those funds are held<00:15:02.779> in<00:15:02.870> escrow<00:15:03.170> and<00:15:03.470> they're<00:15:03.890> only<00:15:04.010> paid<00:15:04.370> out 00:15:04.569 --> 00:15:04.579 align:start position:0% held in escrow and they're only paid out 00:15:04.579 --> 00:15:07.690 align:start position:0% held in escrow and they're only paid out when<00:15:05.300> the<00:15:05.600> goals<00:15:06.320> are<00:15:06.470> validated<00:15:07.070> now<00:15:07.640> the 00:15:07.690 --> 00:15:07.700 align:start position:0% when the goals are validated now the 00:15:07.700 --> 00:15:09.550 align:start position:0% when the goals are validated now the problem<00:15:08.120> there<00:15:08.329> is<00:15:08.600> if<00:15:08.959> especially<00:15:09.380> if<00:15:09.440> you're 00:15:09.550 --> 00:15:09.560 align:start position:0% problem there is if especially if you're 00:15:09.560 --> 00:15:11.079 align:start position:0% problem there is if especially if you're a<00:15:09.620> smaller<00:15:09.920> charity<00:15:10.399> you<00:15:10.490> might<00:15:10.670> not<00:15:10.820> have<00:15:10.970> the 00:15:11.079 --> 00:15:11.089 align:start position:0% a smaller charity you might not have the 00:15:11.089 --> 00:15:13.440 align:start position:0% a smaller charity you might not have the financial<00:15:11.420> resources<00:15:11.680> to<00:15:12.680> run<00:15:12.920> your<00:15:13.100> project 00:15:13.440 --> 00:15:13.450 align:start position:0% financial resources to run your project 00:15:13.450 --> 00:15:16.389 align:start position:0% financial resources to run your project before<00:15:14.450> getting<00:15:14.959> the<00:15:15.079> money<00:15:15.230> so<00:15:15.980> that's<00:15:16.160> where 00:15:16.389 --> 00:15:16.399 align:start position:0% before getting the money so that's where 00:15:16.399 --> 00:15:19.000 align:start position:0% before getting the money so that's where the<00:15:16.519> impact<00:15:16.820> investors<00:15:17.269> come<00:15:17.510> in<00:15:17.860> they<00:15:18.860> will 00:15:19.000 --> 00:15:19.010 align:start position:0% the impact investors come in they will 00:15:19.010 --> 00:15:21.160 align:start position:0% the impact investors come in they will provide<00:15:19.370> some<00:15:19.579> working<00:15:19.940> capital<00:15:19.970> some<00:15:20.899> seed 00:15:21.160 --> 00:15:21.170 align:start position:0% provide some working capital some seed 00:15:21.170 --> 00:15:24.009 align:start position:0% provide some working capital some seed capital<00:15:21.740> that<00:15:22.640> they<00:15:22.880> will<00:15:23.180> give<00:15:23.390> to<00:15:23.540> the<00:15:23.660> to 00:15:24.009 --> 00:15:24.019 align:start position:0% capital that they will give to the to 00:15:24.019 --> 00:15:25.540 align:start position:0% capital that they will give to the to the<00:15:24.170> to<00:15:24.410> the<00:15:24.500> project<00:15:24.890> so<00:15:25.040> they<00:15:25.160> can<00:15:25.310> start 00:15:25.540 --> 00:15:25.550 align:start position:0% the to the project so they can start 00:15:25.550 --> 00:15:27.699 align:start position:0% the to the project so they can start running<00:15:25.760> them<00:15:26.260> effectively<00:15:27.260> what<00:15:27.529> they'll<00:15:27.680> be 00:15:27.699 --> 00:15:27.709 align:start position:0% running them effectively what they'll be 00:15:27.709 --> 00:15:29.590 align:start position:0% running them effectively what they'll be doing<00:15:27.980> is<00:15:28.100> underwriting<00:15:28.579> the<00:15:28.850> risk<00:15:29.089> so<00:15:29.390> if<00:15:29.480> the 00:15:29.590 --> 00:15:29.600 align:start position:0% doing is underwriting the risk so if the 00:15:29.600 --> 00:15:32.110 align:start position:0% doing is underwriting the risk so if the project<00:15:29.779> never<00:15:30.140> produces<00:15:30.860> any<00:15:31.370> results<00:15:31.910> if<00:15:32.029> it 00:15:32.110 --> 00:15:32.120 align:start position:0% project never produces any results if it 00:15:32.120 --> 00:15:33.940 align:start position:0% project never produces any results if it never<00:15:32.300> achieves<00:15:32.660> its<00:15:32.810> goals<00:15:33.079> the<00:15:33.529> investors 00:15:33.940 --> 00:15:33.950 align:start position:0% never achieves its goals the investors 00:15:33.950 --> 00:15:35.980 align:start position:0% never achieves its goals the investors will<00:15:34.070> lose<00:15:34.279> their<00:15:34.459> money<00:15:34.640> but<00:15:35.450> if<00:15:35.540> it<00:15:35.660> does 00:15:35.980 --> 00:15:35.990 align:start position:0% will lose their money but if it does 00:15:35.990 --> 00:15:38.530 align:start position:0% will lose their money but if it does achieve<00:15:36.620> its<00:15:36.950> goals<00:15:37.190> and<00:15:37.490> it<00:15:37.640> gets<00:15:37.790> paid<00:15:38.060> from 00:15:38.530 --> 00:15:38.540 align:start position:0% achieve its goals and it gets paid from 00:15:38.540 --> 00:15:41.230 align:start position:0% achieve its goals and it gets paid from from<00:15:39.170> the<00:15:39.290> donations<00:15:39.800> in<00:15:39.920> escrow<00:15:40.250> then<00:15:40.910> part 00:15:41.230 --> 00:15:41.240 align:start position:0% from the donations in escrow then part 00:15:41.240 --> 00:15:44.590 align:start position:0% from the donations in escrow then part of<00:15:41.329> those<00:15:41.450> donations<00:15:41.990> will<00:15:42.589> go<00:15:42.620> to<00:15:43.600> reimburse 00:15:44.590 --> 00:15:44.600 align:start position:0% of those donations will go to reimburse 00:15:44.600 --> 00:15:48.819 align:start position:0% of those donations will go to reimburse that<00:15:45.010> investment<00:15:46.660> so<00:15:47.660> that's<00:15:48.110> that's<00:15:48.589> pretty 00:15:48.819 --> 00:15:48.829 align:start position:0% that investment so that's that's pretty 00:15:48.829 --> 00:15:50.019 align:start position:0% that investment so that's that's pretty much<00:15:48.920> it<00:15:49.100> that's<00:15:49.220> the<00:15:49.430> that's<00:15:49.699> the<00:15:49.820> broader 00:15:50.019 --> 00:15:50.029 align:start position:0% much it that's the that's the broader 00:15:50.029 --> 00:15:53.130 align:start position:0% much it that's the that's the broader vision<00:15:50.240> we're<00:15:50.870> building<00:15:51.320> a<00:15:51.709> fully<00:15:52.490> integrated 00:15:53.130 --> 00:15:53.140 align:start position:0% vision we're building a fully integrated 00:15:53.140 --> 00:15:56.319 align:start position:0% vision we're building a fully integrated decentralized<00:15:54.140> social<00:15:54.589> impact<00:15:54.949> ecosystem<00:15:55.730> so 00:15:56.319 --> 00:15:56.329 align:start position:0% decentralized social impact ecosystem so 00:15:56.329 --> 00:15:58.150 align:start position:0% decentralized social impact ecosystem so that<00:15:56.540> social<00:15:56.720> organizations<00:15:57.500> can<00:15:57.740> tap<00:15:57.920> into 00:15:58.150 --> 00:15:58.160 align:start position:0% that social organizations can tap into 00:15:58.160 --> 00:15:59.769 align:start position:0% that social organizations can tap into donations<00:15:58.850> and<00:15:59.000> grants<00:15:59.269> and<00:15:59.449> impact 00:15:59.769 --> 00:15:59.779 align:start position:0% donations and grants and impact 00:15:59.779 --> 00:16:03.100 align:start position:0% donations and grants and impact investment<00:16:00.380> so<00:16:01.310> that<00:16:01.459> they're<00:16:01.670> their<00:16:02.630> impact 00:16:03.100 --> 00:16:03.110 align:start position:0% investment so that they're their impact 00:16:03.110 --> 00:16:04.900 align:start position:0% investment so that they're their impact is<00:16:03.260> properly<00:16:03.560> managed<00:16:04.010> and<00:16:04.160> transparent<00:16:04.820> and 00:16:04.900 --> 00:16:04.910 align:start position:0% is properly managed and transparent and 00:16:04.910 --> 00:16:07.840 align:start position:0% is properly managed and transparent and accessible<00:16:05.420> supported<00:16:06.380> by<00:16:06.850> validation 00:16:07.840 --> 00:16:07.850 align:start position:0% accessible supported by validation 00:16:07.850 --> 00:16:09.310 align:start position:0% accessible supported by validation market<00:16:08.209> so<00:16:08.390> they<00:16:08.510> can<00:16:08.540> easily<00:16:08.899> choose 00:16:09.310 --> 00:16:09.320 align:start position:0% market so they can easily choose 00:16:09.320 --> 00:16:11.199 align:start position:0% market so they can easily choose validators<00:16:10.040> for<00:16:10.250> their<00:16:10.339> projects<00:16:10.790> whether 00:16:11.199 --> 00:16:11.209 align:start position:0% validators for their projects whether 00:16:11.209 --> 00:16:13.540 align:start position:0% validators for their projects whether those<00:16:11.449> are<00:16:11.660> human<00:16:11.839> validators<00:16:12.470> or<00:16:12.709> Oracle's 00:16:13.540 --> 00:16:13.550 align:start position:0% those are human validators or Oracle's 00:16:13.550 --> 00:16:16.360 align:start position:0% those are human validators or Oracle's and<00:16:14.329> by<00:16:14.720> knowledge<00:16:15.350> sharing<00:16:15.589> markets<00:16:16.130> that 00:16:16.360 --> 00:16:16.370 align:start position:0% and by knowledge sharing markets that 00:16:16.370 --> 00:16:18.610 align:start position:0% and by knowledge sharing markets that help<00:16:16.519> crunch<00:16:16.790> that<00:16:16.970> data<00:16:17.209> and<00:16:17.480> surface<00:16:18.410> the 00:16:18.610 --> 00:16:18.620 align:start position:0% help crunch that data and surface the 00:16:18.620 --> 00:16:20.560 align:start position:0% help crunch that data and surface the the<00:16:18.800> most<00:16:18.949> effective<00:16:19.430> projects<00:16:19.850> and<00:16:20.060> that's 00:16:20.560 --> 00:16:20.570 align:start position:0% the most effective projects and that's 00:16:20.570 --> 00:16:22.240 align:start position:0% the most effective projects and that's really<00:16:20.839> what<00:16:21.380> we're<00:16:21.560> all<00:16:21.680> about<00:16:21.709> is<00:16:22.220> really 00:16:22.240 --> 00:16:22.250 align:start position:0% really what we're all about is really 00:16:22.250 --> 00:16:24.670 align:start position:0% really what we're all about is really identifying<00:16:23.149> the<00:16:23.269> best<00:16:23.420> projects<00:16:23.899> helping 00:16:24.670 --> 00:16:24.680 align:start position:0% identifying the best projects helping 00:16:24.680 --> 00:16:27.610 align:start position:0% identifying the best projects helping them<00:16:24.860> scale<00:16:25.190> and<00:16:25.480> cutting<00:16:26.480> transaction<00:16:27.199> costs 00:16:27.610 --> 00:16:27.620 align:start position:0% them scale and cutting transaction costs 00:16:27.620 --> 00:16:32.740 align:start position:0% them scale and cutting transaction costs across<00:16:28.250> across<00:16:29.180> the<00:16:29.300> network<00:16:30.519> now<00:16:31.720> we've<00:16:32.720> just 00:16:32.740 --> 00:16:32.750 align:start position:0% across across the network now we've just 00:16:32.750 --> 00:16:35.350 align:start position:0% across across the network now we've just published<00:16:33.470> a<00:16:33.589> white<00:16:33.740> paper<00:16:33.800> today<00:16:34.699> just<00:16:35.029> a<00:16:35.120> few 00:16:35.350 --> 00:16:35.360 align:start position:0% published a white paper today just a few 00:16:35.360 --> 00:16:37.540 align:start position:0% published a white paper today just a few hours<00:16:35.510> ago<00:16:35.779> so<00:16:35.959> we<00:16:36.529> invite<00:16:36.769> everybody<00:16:37.070> to<00:16:37.430> go 00:16:37.540 --> 00:16:37.550 align:start position:0% hours ago so we invite everybody to go 00:16:37.550 --> 00:16:40.060 align:start position:0% hours ago so we invite everybody to go onto<00:16:37.699> our<00:16:37.820> website<00:16:38.300> and<00:16:38.480> read<00:16:38.690> that<00:16:38.870> it<00:16:39.230> covers 00:16:40.060 --> 00:16:40.070 align:start position:0% onto our website and read that it covers 00:16:40.070 --> 00:16:42.759 align:start position:0% onto our website and read that it covers everything<00:16:40.550> that<00:16:40.940> we've<00:16:41.089> just<00:16:41.649> that<00:16:42.649> we've 00:16:42.759 --> 00:16:42.769 align:start position:0% everything that we've just that we've 00:16:42.769 --> 00:16:45.160 align:start position:0% everything that we've just that we've just<00:16:42.980> explained<00:16:43.459> in<00:16:43.699> in<00:16:44.269> a<00:16:44.390> lot<00:16:44.630> more<00:16:44.660> detail 00:16:45.160 --> 00:16:45.170 align:start position:0% just explained in in a lot more detail 00:16:45.170 --> 00:16:47.949 align:start position:0% just explained in in a lot more detail as<00:16:45.350> well<00:16:45.890> as<00:16:46.070> some<00:16:46.310> some<00:16:47.060> some<00:16:47.690> really 00:16:47.949 --> 00:16:47.959 align:start position:0% as well as some some some really 00:16:47.959 --> 00:16:49.449 align:start position:0% as well as some some some really interesting<00:16:48.140> stuff<00:16:48.620> that<00:16:48.860> we<00:16:48.949> that<00:16:49.339> we're 00:16:49.449 --> 00:16:49.459 align:start position:0% interesting stuff that we that we're 00:16:49.459 --> 00:16:52.809 align:start position:0% interesting stuff that we that we're building<00:16:49.720> as<00:16:50.720> well<00:16:51.050> that<00:16:52.040> you'll<00:16:52.250> that<00:16:52.699> you'll 00:16:52.809 --> 00:16:52.819 align:start position:0% building as well that you'll that you'll 00:16:52.819 --> 00:16:54.530 align:start position:0% building as well that you'll that you'll be<00:16:52.940> able<00:16:53.060> to<00:16:53.300> read<00:16:53.480> about<00:16:53.510> on<00:16:53.870> the<00:16:53.899> on<00:16:54.230> the 00:16:54.530 --> 00:16:54.540 align:start position:0% be able to read about on the on the 00:16:54.540 --> 00:16:56.840 align:start position:0% be able to read about on the on the like<00:16:54.630> paper<00:16:54.870> like<00:16:55.410> a<00:16:55.440> decentralized<00:16:56.160> fund<00:16:56.550> to 00:16:56.840 --> 00:16:56.850 align:start position:0% like paper like a decentralized fund to 00:16:56.850 --> 00:16:59.450 align:start position:0% like paper like a decentralized fund to help<00:16:57.080> to<00:16:58.080> help<00:16:58.230> smaller<00:16:58.560> organizations 00:16:59.450 --> 00:16:59.460 align:start position:0% help to help smaller organizations 00:16:59.460 --> 00:17:04.100 align:start position:0% help to help smaller organizations really<00:17:00.590> design<00:17:01.590> and<00:17:02.330> and<00:17:03.330> run<00:17:03.510> their<00:17:03.690> projects 00:17:04.100 --> 00:17:04.110 align:start position:0% really design and and run their projects 00:17:04.110 --> 00:17:06.500 align:start position:0% really design and and run their projects transparently<00:17:04.620> on<00:17:04.710> the<00:17:04.830> network<00:17:05.420> thank<00:17:06.420> you 00:17:06.500 --> 00:17:06.510 align:start position:0% transparently on the network thank you 00:17:06.510 --> 00:17:15.980 align:start position:0% transparently on the network thank you very<00:17:06.630> much<00:17:06.840> if<00:17:06.990> you<00:17:07.050> have<00:17:07.080> any<00:17:07.290> questions<00:17:14.990> over 00:17:15.980 --> 00:17:15.990 align:start position:0% very much if you have any questions over 00:17:15.990 --> 00:17:18.320 align:start position:0% very much if you have any questions over here<00:17:16.140> please<00:17:16.500> question<00:17:17.040> sorry<00:17:17.520> over<00:17:18.150> here 00:17:18.320 --> 00:17:18.330 align:start position:0% here please question sorry over here 00:17:18.330 --> 00:17:23.240 align:start position:0% here please question sorry over here hello<00:17:20.840> this<00:17:21.840> is<00:17:21.870> quite<00:17:22.290> a<00:17:22.320> tedious<00:17:22.560> little 00:17:23.240 --> 00:17:23.250 align:start position:0% hello this is quite a tedious little 00:17:23.250 --> 00:17:25.280 align:start position:0% hello this is quite a tedious little question<00:17:23.610> actually<00:17:23.910> um<00:17:24.090> just<00:17:24.660> the<00:17:25.020> matter<00:17:25.200> of 00:17:25.280 --> 00:17:25.290 align:start position:0% question actually um just the matter of 00:17:25.290 --> 00:17:27.470 align:start position:0% question actually um just the matter of issuing<00:17:25.680> receipts<00:17:26.160> to<00:17:26.460> donors<00:17:26.880> I've<00:17:27.120> always 00:17:27.470 --> 00:17:27.480 align:start position:0% issuing receipts to donors I've always 00:17:27.480 --> 00:17:29.570 align:start position:0% issuing receipts to donors I've always found<00:17:27.660> that<00:17:27.810> to<00:17:27.930> be<00:17:28.080> just<00:17:28.200> a<00:17:28.560> real<00:17:29.100> pain<00:17:29.430> in<00:17:29.550> the 00:17:29.570 --> 00:17:29.580 align:start position:0% found that to be just a real pain in the 00:17:29.580 --> 00:17:31.580 align:start position:0% found that to be just a real pain in the backside<00:17:30.150> but<00:17:30.660> if<00:17:30.900> it<00:17:31.050> particular<00:17:31.440> if<00:17:31.500> it 00:17:31.580 --> 00:17:31.590 align:start position:0% backside but if it particular if it 00:17:31.590 --> 00:17:34.250 align:start position:0% backside but if it particular if it comes<00:17:31.740> via<00:17:31.950> a<00:17:32.010> bank<00:17:32.250> account<00:17:32.900> so<00:17:33.900> does<00:17:34.110> your 00:17:34.250 --> 00:17:34.260 align:start position:0% comes via a bank account so does your 00:17:34.260 --> 00:17:36.530 align:start position:0% comes via a bank account so does your module<00:17:34.650> have<00:17:34.860> what<00:17:35.730> what<00:17:35.880> do<00:17:35.970> you<00:17:36.060> do<00:17:36.180> by<00:17:36.360> way 00:17:36.530 --> 00:17:36.540 align:start position:0% module have what what do you do by way 00:17:36.540 --> 00:17:38.030 align:start position:0% module have what what do you do by way of<00:17:36.570> how<00:17:36.840> do<00:17:36.900> you<00:17:36.990> issue<00:17:37.230> receipts<00:17:37.680> to<00:17:37.920> your 00:17:38.030 --> 00:17:38.040 align:start position:0% of how do you issue receipts to your 00:17:38.040 --> 00:17:42.140 align:start position:0% of how do you issue receipts to your mother<00:17:38.450> when<00:17:39.450> she's<00:17:39.720> paid<00:17:40.200> her<00:17:40.380> donation<00:17:41.150> so 00:17:42.140 --> 00:17:42.150 align:start position:0% mother when she's paid her donation so 00:17:42.150 --> 00:17:45.020 align:start position:0% mother when she's paid her donation so that's<00:17:42.510> that's<00:17:43.080> something<00:17:43.800> that<00:17:44.100> that<00:17:44.970> we 00:17:45.020 --> 00:17:45.030 align:start position:0% that's that's something that that we 00:17:45.030 --> 00:17:46.960 align:start position:0% that's that's something that that we actually<00:17:45.450> spent<00:17:45.690> a<00:17:45.780> lot<00:17:45.930> of<00:17:45.960> time<00:17:46.260> on 00:17:46.960 --> 00:17:46.970 align:start position:0% actually spent a lot of time on 00:17:46.970 --> 00:17:49.250 align:start position:0% actually spent a lot of time on currently<00:17:47.970> the<00:17:48.210> platform<00:17:48.600> can<00:17:48.720> be<00:17:48.780> used<00:17:49.050> only 00:17:49.250 --> 00:17:49.260 align:start position:0% currently the platform can be used only 00:17:49.260 --> 00:17:52.640 align:start position:0% currently the platform can be used only in<00:17:49.500> the<00:17:49.680> in<00:17:50.190> the<00:17:50.430> UK<00:17:50.580> and<00:17:51.060> we<00:17:51.810> went<00:17:52.350> through<00:17:52.560> all 00:17:52.640 --> 00:17:52.650 align:start position:0% in the in the UK and we went through all 00:17:52.650 --> 00:17:54.440 align:start position:0% in the in the UK and we went through all the<00:17:52.770> regulatory<00:17:53.160> hoops<00:17:53.550> to<00:17:53.790> make<00:17:53.820> sure<00:17:54.150> that 00:17:54.440 --> 00:17:54.450 align:start position:0% the regulatory hoops to make sure that 00:17:54.450 --> 00:17:56.990 align:start position:0% the regulatory hoops to make sure that that<00:17:55.260> people<00:17:55.920> could<00:17:56.190> get<00:17:56.340> receipts<00:17:56.700> when<00:17:56.850> they 00:17:56.990 --> 00:17:57.000 align:start position:0% that people could get receipts when they 00:17:57.000 --> 00:17:59.270 align:start position:0% that people could get receipts when they donate<00:17:57.360> they<00:17:57.810> can<00:17:57.960> actually<00:17:58.110> apply<00:17:58.440> Gift<00:17:59.100> Aid 00:17:59.270 --> 00:17:59.280 align:start position:0% donate they can actually apply Gift Aid 00:17:59.280 --> 00:18:00.830 align:start position:0% donate they can actually apply Gift Aid if<00:17:59.610> you<00:17:59.730> know<00:17:59.910> how<00:18:00.060> that<00:18:00.210> works<00:18:00.420> in<00:18:00.570> the<00:18:00.600> UK 00:18:00.830 --> 00:18:00.840 align:start position:0% if you know how that works in the UK 00:18:00.840 --> 00:18:03.560 align:start position:0% if you know how that works in the UK it's<00:18:01.500> a<00:18:01.650> way<00:18:01.800> of<00:18:01.830> gifting<00:18:02.460> the<00:18:02.670> taxes<00:18:03.120> to<00:18:03.150> the 00:18:03.560 --> 00:18:03.570 align:start position:0% it's a way of gifting the taxes to the 00:18:03.570 --> 00:18:07.130 align:start position:0% it's a way of gifting the taxes to the to<00:18:03.960> the<00:18:04.080> charities<00:18:05.150> and<00:18:06.150> we<00:18:06.480> had<00:18:06.720> to<00:18:06.840> get<00:18:06.990> the 00:18:07.130 --> 00:18:07.140 align:start position:0% to the charities and we had to get the 00:18:07.140 --> 00:18:09.220 align:start position:0% to the charities and we had to get the the<00:18:07.440> regulatory<00:18:07.830> the<00:18:08.700> regulatory 00:18:09.220 --> 00:18:09.230 align:start position:0% the regulatory the regulatory 00:18:09.230 --> 00:18:12.020 align:start position:0% the regulatory the regulatory authorizations<00:18:10.230> to<00:18:10.560> do<00:18:11.040> that<00:18:11.220> it<00:18:11.730> gets 00:18:12.020 --> 00:18:12.030 align:start position:0% authorizations to do that it gets 00:18:12.030 --> 00:18:14.810 align:start position:0% authorizations to do that it gets applied<00:18:12.510> when<00:18:12.900> the<00:18:12.930> donations<00:18:13.380> come<00:18:14.220> out<00:18:14.490> of 00:18:14.810 --> 00:18:14.820 align:start position:0% applied when the donations come out of 00:18:14.820 --> 00:18:17.090 align:start position:0% applied when the donations come out of the<00:18:15.270> of<00:18:15.600> the<00:18:15.750> escrow<00:18:16.080> because<00:18:16.500> you<00:18:16.620> can't<00:18:16.830> claw 00:18:17.090 --> 00:18:17.100 align:start position:0% the of the escrow because you can't claw 00:18:17.100 --> 00:18:19.850 align:start position:0% the of the escrow because you can't claw it<00:18:17.220> back<00:18:17.480> afterwards<00:18:18.480> and<00:18:18.780> but<00:18:19.650> then 00:18:19.850 --> 00:18:19.860 align:start position:0% it back afterwards and but then 00:18:19.860 --> 00:18:22.760 align:start position:0% it back afterwards and but then obviously<00:18:20.580> as<00:18:20.760> we<00:18:20.940> expand<00:18:21.450> to<00:18:21.810> different 00:18:22.760 --> 00:18:22.770 align:start position:0% obviously as we expand to different 00:18:22.770 --> 00:18:25.100 align:start position:0% obviously as we expand to different countries<00:18:23.670> we'll<00:18:24.150> have<00:18:24.300> to<00:18:24.510> we'll<00:18:24.870> have<00:18:24.900> to 00:18:25.100 --> 00:18:25.110 align:start position:0% countries we'll have to we'll have to 00:18:25.110 --> 00:18:34.460 align:start position:0% countries we'll have to we'll have to figure<00:18:25.320> that<00:18:25.350> out<00:18:25.500> on<00:18:25.710> a<00:18:25.920> case-by-case 00:18:34.460 --> 00:18:34.470 align:start position:0% 00:18:34.470 --> 00:18:37.340 align:start position:0% hi<00:18:34.950> sorry<00:18:35.820> to<00:18:36.000> be<00:18:36.150> a<00:18:36.180> little<00:18:36.570> more<00:18:36.960> critical 00:18:37.340 --> 00:18:37.350 align:start position:0% hi sorry to be a little more critical 00:18:37.350 --> 00:18:41.060 align:start position:0% hi sorry to be a little more critical and<00:18:37.800> harsh<00:18:38.220> on<00:18:38.550> you<00:18:38.870> but<00:18:39.870> how<00:18:40.170> I<00:18:40.200> saw<00:18:41.010> the 00:18:41.060 --> 00:18:41.070 align:start position:0% and harsh on you but how I saw the 00:18:41.070 --> 00:18:43.070 align:start position:0% and harsh on you but how I saw the presentation<00:18:41.610> is<00:18:42.150> more<00:18:42.330> like<00:18:42.570> you're<00:18:42.810> doing 00:18:43.070 --> 00:18:43.080 align:start position:0% presentation is more like you're doing 00:18:43.080 --> 00:18:45.830 align:start position:0% presentation is more like you're doing charity<00:18:43.950> I<00:18:43.980> see<00:18:44.400> oh<00:18:44.430> instead<00:18:45.030> of<00:18:45.240> actual 00:18:45.830 --> 00:18:45.840 align:start position:0% charity I see oh instead of actual 00:18:45.840 --> 00:18:48.530 align:start position:0% charity I see oh instead of actual actually<00:18:46.740> empowering<00:18:47.280> civil<00:18:47.700> society<00:18:48.390> to 00:18:48.530 --> 00:18:48.540 align:start position:0% actually empowering civil society to 00:18:48.540 --> 00:18:52.790 align:start position:0% actually empowering civil society to perform<00:18:49.850> social<00:18:50.850> causes<00:18:51.090> and<00:18:51.540> it<00:18:52.380> looks<00:18:52.620> to<00:18:52.770> me 00:18:52.790 --> 00:18:52.800 align:start position:0% perform social causes and it looks to me 00:18:52.800 --> 00:18:55.490 align:start position:0% perform social causes and it looks to me that<00:18:52.950> like<00:18:53.520> you're<00:18:54.200> commercializing<00:18:55.200> civil 00:18:55.490 --> 00:18:55.500 align:start position:0% that like you're commercializing civil 00:18:55.500 --> 00:18:58.180 align:start position:0% that like you're commercializing civil society<00:18:56.070> actions<00:18:56.520> which<00:18:57.150> I<00:18:57.300> think<00:18:57.570> it's<00:18:57.720> a 00:18:58.180 --> 00:18:58.190 align:start position:0% society actions which I think it's a 00:18:58.190 --> 00:19:01.880 align:start position:0% society actions which I think it's a quite<00:18:59.190> a<00:18:59.250> slippery<00:18:59.940> slope<00:19:00.270> from<00:19:00.890> civil 00:19:01.880 --> 00:19:01.890 align:start position:0% quite a slippery slope from civil 00:19:01.890 --> 00:19:08.390 align:start position:0% quite a slippery slope from civil society<00:19:01.920> point<00:19:02.610> of<00:19:02.790> view<00:19:03.000> and<00:19:04.460> I<00:19:05.840> also<00:19:07.340> want<00:19:08.340> to 00:19:08.390 --> 00:19:08.400 align:start position:0% society point of view and I also want to 00:19:08.400 --> 00:19:11.750 align:start position:0% society point of view and I also want to point<00:19:08.640> out<00:19:08.850> that<00:19:09.090> like<00:19:10.050> not<00:19:10.800> far<00:19:11.100> from<00:19:11.310> UK 00:19:11.750 --> 00:19:11.760 align:start position:0% point out that like not far from UK 00:19:11.760 --> 00:19:15.020 align:start position:0% point out that like not far from UK three<00:19:12.120> hours<00:19:12.360> flight<00:19:12.720> from<00:19:12.960> there<00:19:13.460> in<00:19:14.460> Romania 00:19:15.020 --> 00:19:15.030 align:start position:0% three hours flight from there in Romania 00:19:15.030 --> 00:19:19.510 align:start position:0% three hours flight from there in Romania there<00:19:15.660> are<00:19:15.810> only<00:19:16.910> six<00:19:17.910> or<00:19:18.330> seven<00:19:18.720> percent<00:19:19.140> of 00:19:19.510 --> 00:19:19.520 align:start position:0% there are only six or seven percent of 00:19:19.520 --> 00:19:23.720 align:start position:0% there are only six or seven percent of people<00:19:20.520> buying<00:19:21.030> online<00:19:21.410> so<00:19:22.410> you<00:19:23.220> also<00:19:23.340> have<00:19:23.580> to 00:19:23.720 --> 00:19:23.730 align:start position:0% people buying online so you also have to 00:19:23.730 --> 00:19:25.340 align:start position:0% people buying online so you also have to take<00:19:23.910> this<00:19:24.090> into<00:19:24.420> account<00:19:24.450> that<00:19:24.930> other 00:19:25.340 --> 00:19:25.350 align:start position:0% take this into account that other 00:19:25.350 --> 00:19:30.080 align:start position:0% take this into account that other countries<00:19:25.920> are<00:19:26.850> not<00:19:27.120> so<00:19:28.700> used<00:19:29.700> to<00:19:29.880> paying 00:19:30.080 --> 00:19:30.090 align:start position:0% countries are not so used to paying 00:19:30.090 --> 00:19:35.090 align:start position:0% countries are not so used to paying online<00:19:30.540> and<00:19:30.890> this<00:19:31.890> transaction<00:19:32.720> is<00:19:33.770> not<00:19:34.770> going 00:19:35.090 --> 00:19:35.100 align:start position:0% online and this transaction is not going 00:19:35.100 --> 00:19:39.410 align:start position:0% online and this transaction is not going to<00:19:35.220> have<00:19:35.400> that<00:19:35.610> peak<00:19:35.970> of<00:19:36.120> adoption<00:19:36.890> rate<00:19:38.420> and 00:19:39.410 --> 00:19:39.420 align:start position:0% to have that peak of adoption rate and 00:19:39.420 --> 00:19:43.550 align:start position:0% to have that peak of adoption rate and also<00:19:39.840> in<00:19:40.710> terms<00:19:40.920> of<00:19:41.040> terminology<00:19:42.440> when<00:19:43.440> you 00:19:43.550 --> 00:19:43.560 align:start position:0% also in terms of terminology when you 00:19:43.560 --> 00:19:47.660 align:start position:0% also in terms of terminology when you say<00:19:43.710> the<00:19:43.920> nation<00:19:44.900> it<00:19:45.980> traditionally<00:19:46.980> points 00:19:47.660 --> 00:19:47.670 align:start position:0% say the nation it traditionally points 00:19:47.670 --> 00:19:51.050 align:start position:0% say the nation it traditionally points to<00:19:47.850> a<00:19:47.880> gift<00:19:48.240> you're<00:19:49.230> giving<00:19:49.260> money<00:19:49.890> to<00:19:50.060> someone 00:19:51.050 --> 00:19:51.060 align:start position:0% to a gift you're giving money to someone 00:19:51.060 --> 00:19:55.550 align:start position:0% to a gift you're giving money to someone or<00:19:51.450> just<00:19:51.710> to<00:19:52.710> an<00:19:53.280> entity<00:19:53.790> and<00:19:54.200> you<00:19:55.200> do<00:19:55.410> not 00:19:55.550 --> 00:19:55.560 align:start position:0% or just to an entity and you do not 00:19:55.560 --> 00:19:58.220 align:start position:0% or just to an entity and you do not necessarily<00:19:56.490> ask<00:19:57.360> for<00:19:57.720> something<00:19:58.050> in<00:19:58.200> return 00:19:58.220 --> 00:19:58.230 align:start position:0% necessarily ask for something in return 00:19:58.230 --> 00:20:01.930 align:start position:0% necessarily ask for something in return well<00:19:59.220> in<00:19:59.520> this<00:19:59.760> model<00:20:00.180> you<00:20:00.360> ask<00:20:00.690> for 00:20:01.930 --> 00:20:01.940 align:start position:0% well in this model you ask for 00:20:01.940 --> 00:20:07.070 align:start position:0% well in this model you ask for performance<00:20:02.940> so<00:20:03.900> I<00:20:04.290> would<00:20:04.560> suggest<00:20:05.630> turning<00:20:06.630> a 00:20:07.070 --> 00:20:07.080 align:start position:0% performance so I would suggest turning a 00:20:07.080 --> 00:20:09.080 align:start position:0% performance so I would suggest turning a little<00:20:07.200> bit<00:20:07.530> this<00:20:07.710> terms<00:20:08.010> around<00:20:08.610> because 00:20:09.080 --> 00:20:09.090 align:start position:0% little bit this terms around because 00:20:09.090 --> 00:20:13.550 align:start position:0% little bit this terms around because donations<00:20:09.810> are<00:20:10.350> gifts<00:20:10.950> and<00:20:12.020> this<00:20:13.020> is<00:20:13.200> not<00:20:13.350> what 00:20:13.550 --> 00:20:13.560 align:start position:0% donations are gifts and this is not what 00:20:13.560 --> 00:20:15.950 align:start position:0% donations are gifts and this is not what you're<00:20:13.770> doing<00:20:14.070> in<00:20:14.190> this<00:20:14.370> model<00:20:14.730> so<00:20:15.450> just<00:20:15.840> on 00:20:15.950 --> 00:20:15.960 align:start position:0% you're doing in this model so just on 00:20:15.960 --> 00:20:17.150 align:start position:0% you're doing in this model so just on the<00:20:16.110> on<00:20:16.380> the<00:20:16.530> first<00:20:16.680> bit<00:20:16.920> on<00:20:17.070> the 00:20:17.150 --> 00:20:17.160 align:start position:0% the on the first bit on the 00:20:17.160 --> 00:20:18.710 align:start position:0% the on the first bit on the commercialization<00:20:18.000> I<00:20:18.090> didn't<00:20:18.360> quite<00:20:18.480> get 00:20:18.710 --> 00:20:18.720 align:start position:0% commercialization I didn't quite get 00:20:18.720 --> 00:20:20.750 align:start position:0% commercialization I didn't quite get where<00:20:19.110> you<00:20:19.260> see<00:20:19.680> the<00:20:19.800> commercialization<00:20:20.670> of 00:20:20.750 --> 00:20:20.760 align:start position:0% where you see the commercialization of 00:20:20.760 --> 00:20:25.160 align:start position:0% where you see the commercialization of charity<00:20:21.630> death<00:20:22.100> when<00:20:23.100> when<00:20:23.550> you<00:20:24.020> when<00:20:25.020> you<00:20:25.140> put 00:20:25.160 --> 00:20:25.170 align:start position:0% charity death when when you when you put 00:20:25.170 --> 00:20:31.730 align:start position:0% charity death when when you when you put a<00:20:26.070> high<00:20:27.170> pressure<00:20:28.170> on<00:20:29.420> different<00:20:30.740> activities 00:20:31.730 --> 00:20:31.740 align:start position:0% a high pressure on different activities 00:20:31.740 --> 00:20:36.620 align:start position:0% a high pressure on different activities performed<00:20:32.640> by<00:20:33.000> a<00:20:33.030> civil<00:20:33.540> society<00:20:35.630> for 00:20:36.620 --> 00:20:36.630 align:start position:0% performed by a civil society for 00:20:36.630 --> 00:20:40.070 align:start position:0% performed by a civil society for receiving<00:20:37.140> that<00:20:37.680> type<00:20:37.920> of<00:20:37.950> money<00:20:38.630> right<00:20:39.630> but 00:20:40.070 --> 00:20:40.080 align:start position:0% receiving that type of money right but 00:20:40.080 --> 00:20:43.280 align:start position:0% receiving that type of money right but so<00:20:40.860> it's<00:20:41.250> not<00:20:41.550> so<00:20:41.910> much<00:20:42.050> commercialization<00:20:43.050> as 00:20:43.280 --> 00:20:43.290 align:start position:0% so it's not so much commercialization as 00:20:43.290 --> 00:20:46.190 align:start position:0% so it's not so much commercialization as just<00:20:43.920> tracking<00:20:44.280> the<00:20:44.460> the<00:20:45.030> impact<00:20:45.480> so<00:20:45.750> I<00:20:45.960> think 00:20:46.190 --> 00:20:46.200 align:start position:0% just tracking the the impact so I think 00:20:46.200 --> 00:20:47.660 align:start position:0% just tracking the the impact so I think all<00:20:46.440> of<00:20:46.470> the<00:20:46.680> your<00:20:46.890> your<00:20:47.220> points 00:20:47.660 --> 00:20:47.670 align:start position:0% all of the your your points 00:20:47.670 --> 00:20:50.360 align:start position:0% all of the your your points absolutely<00:20:48.240> valid<00:20:48.840> I<00:20:49.140> think<00:20:49.350> the<00:20:49.500> reality<00:20:49.860> is 00:20:50.360 --> 00:20:50.370 align:start position:0% absolutely valid I think the reality is 00:20:50.370 --> 00:20:53.210 align:start position:0% absolutely valid I think the reality is that<00:20:50.790> the<00:20:51.450> lack<00:20:51.780> of<00:20:51.810> trust<00:20:52.320> or<00:20:52.500> the<00:20:52.560> decline<00:20:53.040> in 00:20:53.210 --> 00:20:53.220 align:start position:0% that the lack of trust or the decline in 00:20:53.220 --> 00:20:56.060 align:start position:0% that the lack of trust or the decline in trust<00:20:53.490> is<00:20:53.730> very<00:20:53.970> real<00:20:54.360> and<00:20:55.070> unfortunately 00:20:56.060 --> 00:20:56.070 align:start position:0% trust is very real and unfortunately 00:20:56.070 --> 00:20:58.340 align:start position:0% trust is very real and unfortunately what<00:20:56.790> happens<00:20:57.240> is<00:20:57.480> that<00:20:57.660> then<00:20:57.810> people<00:20:58.080> get 00:20:58.340 --> 00:20:58.350 align:start position:0% what happens is that then people get 00:20:58.350 --> 00:21:00.320 align:start position:0% what happens is that then people get completely<00:20:59.040> obsessed<00:20:59.460> in<00:20:59.730> this<00:20:59.850> really<00:21:00.090> toxic 00:21:00.320 --> 00:21:00.330 align:start position:0% completely obsessed in this really toxic 00:21:00.330 --> 00:21:02.990 align:start position:0% completely obsessed in this really toxic debate<00:21:00.870> around<00:21:01.680> how<00:21:02.220> people<00:21:02.670> spend<00:21:02.880> their 00:21:02.990 --> 00:21:03.000 align:start position:0% debate around how people spend their 00:21:03.000 --> 00:21:04.430 align:start position:0% debate around how people spend their money<00:21:03.180> and<00:21:03.330> that's<00:21:03.570> what<00:21:03.690> I<00:21:03.720> was<00:21:03.930> referring<00:21:04.080> to 00:21:04.430 --> 00:21:04.440 align:start position:0% money and that's what I was referring to 00:21:04.440 --> 00:21:06.800 align:start position:0% money and that's what I was referring to before<00:21:04.590> how<00:21:05.280> much<00:21:05.490> goes<00:21:05.700> to<00:21:05.730> admin<00:21:06.210> how<00:21:06.600> much 00:21:06.800 --> 00:21:06.810 align:start position:0% before how much goes to admin how much 00:21:06.810 --> 00:21:10.370 align:start position:0% before how much goes to admin how much goes<00:21:07.050> to<00:21:07.670> fundraising<00:21:08.670> and<00:21:08.850> that<00:21:09.750> for<00:21:09.990> me<00:21:10.170> is 00:21:10.370 --> 00:21:10.380 align:start position:0% goes to fundraising and that for me is 00:21:10.380 --> 00:21:12.490 align:start position:0% goes to fundraising and that for me is actually<00:21:11.370> completely<00:21:11.970> counterproductive 00:21:12.490 --> 00:21:12.500 align:start position:0% actually completely counterproductive 00:21:12.500 --> 00:21:15.170 align:start position:0% actually completely counterproductive because<00:21:13.500> it<00:21:13.620> leads<00:21:13.830> it<00:21:14.310> leads<00:21:14.550> to<00:21:14.760> charities 00:21:15.170 --> 00:21:15.180 align:start position:0% because it leads it leads to charities 00:21:15.180 --> 00:21:16.850 align:start position:0% because it leads it leads to charities trying<00:21:15.390> to<00:21:15.480> be<00:21:15.570> as<00:21:15.690> lean<00:21:15.900> as<00:21:15.930> possible<00:21:16.080> they 00:21:16.850 --> 00:21:16.860 align:start position:0% trying to be as lean as possible they 00:21:16.860 --> 00:21:19.220 align:start position:0% trying to be as lean as possible they end<00:21:17.010> up<00:21:17.190> under<00:21:17.490> investing<00:21:18.060> they<00:21:18.510> can't<00:21:18.870> pay 00:21:19.220 --> 00:21:19.230 align:start position:0% end up under investing they can't pay 00:21:19.230 --> 00:21:22.430 align:start position:0% end up under investing they can't pay high<00:21:20.130> quality<00:21:20.580> people<00:21:20.790> to<00:21:21.420> run<00:21:21.660> projects<00:21:22.230> and 00:21:22.430 --> 00:21:22.440 align:start position:0% high quality people to run projects and 00:21:22.440 --> 00:21:26.480 align:start position:0% high quality people to run projects and so<00:21:22.860> that's<00:21:23.070> why<00:21:23.190> we<00:21:23.370> track<00:21:23.610> the<00:21:23.760> data<00:21:23.910> so<00:21:25.490> and 00:21:26.480 --> 00:21:26.490 align:start position:0% so that's why we track the data so and 00:21:26.490 --> 00:21:29.360 align:start position:0% so that's why we track the data so and the<00:21:26.670> performance<00:21:27.240> the<00:21:27.720> way<00:21:27.870> that<00:21:28.110> we<00:21:28.370> mitigate 00:21:29.360 --> 00:21:29.370 align:start position:0% the performance the way that we mitigate 00:21:29.370 --> 00:21:31.070 align:start position:0% the performance the way that we mitigate what<00:21:29.550> you're<00:21:29.670> saying<00:21:30.000> that's<00:21:30.480> where<00:21:30.690> we<00:21:30.810> bring 00:21:31.070 --> 00:21:31.080 align:start position:0% what you're saying that's where we bring 00:21:31.080 --> 00:21:33.920 align:start position:0% what you're saying that's where we bring in<00:21:31.140> the<00:21:31.410> impact<00:21:31.770> investors<00:21:32.310> it's<00:21:33.300> also<00:21:33.510> we're 00:21:33.920 --> 00:21:33.930 align:start position:0% in the impact investors it's also we're 00:21:33.930 --> 00:21:35.360 align:start position:0% in the impact investors it's also we're going<00:21:34.020> to<00:21:34.170> implement<00:21:34.380> some<00:21:34.560> models<00:21:35.010> where<00:21:35.190> not 00:21:35.360 --> 00:21:35.370 align:start position:0% going to implement some models where not 00:21:35.370 --> 00:21:37.490 align:start position:0% going to implement some models where not all<00:21:35.580> of<00:21:35.760> the<00:21:35.880> money<00:21:36.090> gets<00:21:36.390> paid<00:21:36.660> when<00:21:37.350> the 00:21:37.490 --> 00:21:37.500 align:start position:0% all of the money gets paid when the 00:21:37.500 --> 00:21:39.590 align:start position:0% all of the money gets paid when the impact<00:21:37.770> is<00:21:38.010> achieved<00:21:38.340> so<00:21:38.850> you<00:21:38.910> could<00:21:39.330> have<00:21:39.570> a 00:21:39.590 --> 00:21:39.600 align:start position:0% impact is achieved so you could have a 00:21:39.600 --> 00:21:42.380 align:start position:0% impact is achieved so you could have a model<00:21:39.960> where<00:21:40.400> half<00:21:41.400> of<00:21:41.520> your<00:21:41.700> donations<00:21:42.150> get 00:21:42.380 --> 00:21:42.390 align:start position:0% model where half of your donations get 00:21:42.390 --> 00:21:44.600 align:start position:0% model where half of your donations get paid<00:21:42.570> to<00:21:42.720> the<00:21:42.870> charity<00:21:43.290> upfront<00:21:43.590> and<00:21:43.920> then 00:21:44.600 --> 00:21:44.610 align:start position:0% paid to the charity upfront and then 00:21:44.610 --> 00:21:47.120 align:start position:0% paid to the charity upfront and then half<00:21:44.910> of<00:21:45.060> the<00:21:45.240> half<00:21:45.600> of<00:21:45.720> the<00:21:45.780> payment<00:21:46.130> gets 00:21:47.120 --> 00:21:47.130 align:start position:0% half of the half of the payment gets 00:21:47.130 --> 00:21:50.600 align:start position:0% half of the half of the payment gets paid<00:21:47.460> upon<00:21:48.120> achieving<00:21:48.600> the<00:21:49.350> results<00:21:49.860> but 00:21:50.600 --> 00:21:50.610 align:start position:0% paid upon achieving the results but 00:21:50.610 --> 00:21:52.660 align:start position:0% paid upon achieving the results but really<00:21:50.880> what<00:21:51.030> it<00:21:51.180> is<00:21:51.210> is<00:21:51.510> just<00:21:51.540> an<00:21:51.840> incentive 00:21:52.660 --> 00:21:52.670 align:start position:0% really what it is is just an incentive 00:21:52.670 --> 00:21:56.860 align:start position:0% really what it is is just an incentive mechanism<00:21:53.670> to<00:21:54.180> make<00:21:54.480> sure<00:21:54.870> that<00:21:55.680> the<00:21:56.190> the<00:21:56.730> the 00:21:56.860 --> 00:21:56.870 align:start position:0% mechanism to make sure that the the the 00:21:56.870 --> 00:22:00.860 align:start position:0% mechanism to make sure that the the the social<00:21:57.870> organizations<00:21:58.650> deliver<00:21:59.550> on<00:21:59.880> on<00:22:00.630> the 00:22:00.860 --> 00:22:00.870 align:start position:0% social organizations deliver on on the 00:22:00.870 --> 00:22:03.740 align:start position:0% social organizations deliver on on the impact<00:22:01.230> that<00:22:01.410> they<00:22:01.640> that<00:22:02.640> they<00:22:02.820> promised 00:22:03.740 --> 00:22:03.750 align:start position:0% impact that they that they promised 00:22:03.750 --> 00:22:05.690 align:start position:0% impact that they that they promised essentially<00:22:04.350> and<00:22:04.530> restore<00:22:04.980> that<00:22:05.010> trust<00:22:05.160> and 00:22:05.690 --> 00:22:05.700 align:start position:0% essentially and restore that trust and 00:22:05.700 --> 00:22:08.210 align:start position:0% essentially and restore that trust and ultimately<00:22:06.570> what<00:22:06.930> we<00:22:07.080> want<00:22:07.110> to<00:22:07.410> do<00:22:07.560> is<00:22:07.770> just 00:22:08.210 --> 00:22:08.220 align:start position:0% ultimately what we want to do is just 00:22:08.220 --> 00:22:09.830 align:start position:0% ultimately what we want to do is just help<00:22:08.430> them<00:22:08.610> raise<00:22:08.820> a<00:22:08.850> lot<00:22:09.330> more<00:22:09.360> money<00:22:09.540> than 00:22:09.830 --> 00:22:09.840 align:start position:0% help them raise a lot more money than 00:22:09.840 --> 00:22:11.990 align:start position:0% help them raise a lot more money than they<00:22:10.290> are<00:22:10.500> raising<00:22:10.710> at<00:22:10.980> the<00:22:11.070> moment<00:22:11.430> so<00:22:11.820> they 00:22:11.990 --> 00:22:12.000 align:start position:0% they are raising at the moment so they 00:22:12.000 --> 00:22:14.540 align:start position:0% they are raising at the moment so they can<00:22:12.150> really<00:22:12.480> tackle<00:22:13.400> social<00:22:14.400> and 00:22:14.540 --> 00:22:14.550 align:start position:0% can really tackle social and 00:22:14.550 --> 00:22:17.420 align:start position:0% can really tackle social and environmental<00:22:14.760> problems<00:22:15.480> at<00:22:15.900> scale<00:22:16.410> and<00:22:16.950> I 00:22:17.420 --> 00:22:17.430 align:start position:0% environmental problems at scale and I 00:22:17.430 --> 00:22:19.640 align:start position:0% environmental problems at scale and I think<00:22:17.460> on<00:22:17.820> the<00:22:18.000> on<00:22:18.210> the<00:22:18.390> last<00:22:18.630> on<00:22:19.020> the<00:22:19.440> last 00:22:19.640 --> 00:22:19.650 align:start position:0% think on the on the last on the last 00:22:19.650 --> 00:22:21.590 align:start position:0% think on the on the last on the last point<00:22:20.010> or<00:22:20.520> the<00:22:20.760> second<00:22:21.030> point<00:22:21.150> that<00:22:21.330> you<00:22:21.420> made 00:22:21.590 --> 00:22:21.600 align:start position:0% point or the second point that you made 00:22:21.600 --> 00:22:23.450 align:start position:0% point or the second point that you made which<00:22:21.780> was<00:22:22.230> a<00:22:22.260> lot<00:22:22.710> of<00:22:22.740> people<00:22:23.010> don't<00:22:23.190> donate 00:22:23.450 --> 00:22:23.460 align:start position:0% which was a lot of people don't donate 00:22:23.460 --> 00:22:25.700 align:start position:0% which was a lot of people don't donate online<00:22:23.640> that's<00:22:24.450> true<00:22:24.780> but<00:22:24.990> you<00:22:25.050> know<00:22:25.140> what<00:22:25.500> a 00:22:25.700 --> 00:22:25.710 align:start position:0% online that's true but you know what a 00:22:25.710 --> 00:22:28.820 align:start position:0% online that's true but you know what a lot<00:22:26.130> less<00:22:26.370> people<00:22:26.550> even<00:22:27.080> donating<00:22:28.080> crypto<00:22:28.470> so 00:22:28.820 --> 00:22:28.830 align:start position:0% lot less people even donating crypto so 00:22:28.830 --> 00:22:31.070 align:start position:0% lot less people even donating crypto so that's<00:22:29.070> why<00:22:29.250> we're<00:22:29.610> adopting<00:22:29.940> a<00:22:30.330> hybrid<00:22:30.960> model 00:22:31.070 --> 00:22:31.080 align:start position:0% that's why we're adopting a hybrid model 00:22:31.080 --> 00:22:34.540 align:start position:0% that's why we're adopting a hybrid model it<00:22:31.860> has<00:22:31.890> to<00:22:32.370> be<00:22:32.520> online<00:22:32.780> for<00:22:33.780> the<00:22:33.960> incentive 00:22:34.540 --> 00:22:34.550 align:start position:0% it has to be online for the incentive 00:22:34.550 --> 00:22:38.540 align:start position:0% it has to be online for the incentive mechanisms<00:22:35.550> to<00:22:35.760> work<00:22:35.940> and<00:22:36.210> hopefully<00:22:36.990> as<00:22:37.550> as 00:22:38.540 --> 00:22:38.550 align:start position:0% mechanisms to work and hopefully as as 00:22:38.550 --> 00:22:41.240 align:start position:0% mechanisms to work and hopefully as as online<00:22:39.030> giving<00:22:39.800> becomes<00:22:40.800> more<00:22:41.040> widespread 00:22:41.240 --> 00:22:41.250 align:start position:0% online giving becomes more widespread 00:22:41.250 --> 00:22:43.700 align:start position:0% online giving becomes more widespread then<00:22:42.030> they'll<00:22:42.240> be<00:22:42.420> able<00:22:42.570> to<00:22:42.750> spread<00:22:43.410> it<00:22:43.530> out<00:22:43.650> to 00:22:43.700 --> 00:22:43.710 align:start position:0% then they'll be able to spread it out to 00:22:43.710 --> 00:22:46.310 align:start position:0% then they'll be able to spread it out to a<00:22:43.920> lot<00:22:44.250> more<00:22:44.460> to<00:22:45.360> a<00:22:45.390> lot<00:22:45.540> more<00:22:45.690> countries<00:22:46.140> and 00:22:46.310 --> 00:22:46.320 align:start position:0% a lot more to a lot more countries and 00:22:46.320 --> 00:22:48.290 align:start position:0% a lot more to a lot more countries and donors<00:22:46.770> I<00:22:46.980> hope<00:22:47.820> that<00:22:47.970> answers<00:22:48.270> your 00:22:48.290 --> 00:22:48.300 align:start position:0% donors I hope that answers your 00:22:48.300 --> 00:22:55.960 align:start position:0% donors I hope that answers your questions 00:22:55.960 --> 00:22:55.970 align:start position:0% 00:22:55.970 --> 00:23:02.870 align:start position:0% [Applause] 00:23:02.870 --> 00:23:02.880 align:start position:0% 00:23:02.880 --> 00:23:10.449 align:start position:0% [Music]