WEBVTT
Kind: captions
Language: en

00:00:04.660 --> 00:00:07.259 align:start position:0%
 
I'm<00:00:05.259><c> Nadia</c><00:00:05.799><c> Hewitt</c><00:00:06.549><c> I'm</c><00:00:06.609><c> with</c><00:00:06.910><c> the</c><00:00:07.060><c> World</c>

00:00:07.259 --> 00:00:07.269 align:start position:0%
I'm Nadia Hewitt I'm with the World
 

00:00:07.269 --> 00:00:10.170 align:start position:0%
I'm Nadia Hewitt I'm with the World
Economic<00:00:07.479><c> Forum's</c><00:00:08.580><c> Center</c><00:00:09.580><c> for</c><00:00:09.790><c> the</c><00:00:09.910><c> 4th</c>

00:00:10.170 --> 00:00:10.180 align:start position:0%
Economic Forum's Center for the 4th
 

00:00:10.180 --> 00:00:12.330 align:start position:0%
Economic Forum's Center for the 4th
Industrial<00:00:10.900><c> Revolution</c><00:00:10.959><c> I'm</c><00:00:11.680><c> based</c><00:00:11.980><c> in</c><00:00:12.129><c> San</c>

00:00:12.330 --> 00:00:12.340 align:start position:0%
Industrial Revolution I'm based in San
 

00:00:12.340 --> 00:00:16.049 align:start position:0%
Industrial Revolution I'm based in San
Francisco<00:00:12.900><c> where</c><00:00:13.900><c> headquarters</c><00:00:14.709><c> is</c><00:00:15.430><c> and</c><00:00:15.850><c> we</c>

00:00:16.049 --> 00:00:16.059 align:start position:0%
Francisco where headquarters is and we
 

00:00:16.059 --> 00:00:17.640 align:start position:0%
Francisco where headquarters is and we
also<00:00:16.209><c> have</c><00:00:16.420><c> offices</c><00:00:16.869><c> in</c><00:00:16.930><c> other</c><00:00:17.199><c> countries</c>

00:00:17.640 --> 00:00:17.650 align:start position:0%
also have offices in other countries
 

00:00:17.650 --> 00:00:19.230 align:start position:0%
also have offices in other countries
around<00:00:17.770><c> the</c><00:00:17.920><c> world</c><00:00:18.160><c> and</c><00:00:18.400><c> we</c><00:00:18.460><c> partner</c><00:00:19.210><c> very</c>

00:00:19.230 --> 00:00:19.240 align:start position:0%
around the world and we partner very
 

00:00:19.240 --> 00:00:21.390 align:start position:0%
around the world and we partner very
closely<00:00:19.480><c> with</c><00:00:20.109><c> with</c><00:00:20.740><c> governments</c><00:00:21.310><c> in</c>

00:00:21.390 --> 00:00:21.400 align:start position:0%
closely with with governments in
 

00:00:21.400 --> 00:00:27.120 align:start position:0%
closely with with governments in
different<00:00:22.030><c> regions</c><00:00:24.270><c> the</c><00:00:25.950><c> World</c><00:00:26.950><c> Economic</c>

00:00:27.120 --> 00:00:27.130 align:start position:0%
different regions the World Economic
 

00:00:27.130 --> 00:00:29.640 align:start position:0%
different regions the World Economic
Forum<00:00:27.610><c> just</c><00:00:27.910><c> to</c><00:00:28.000><c> give</c><00:00:28.119><c> a</c><00:00:28.150><c> bit</c><00:00:28.330><c> of</c><00:00:28.390><c> context</c><00:00:28.990><c> the</c>

00:00:29.640 --> 00:00:29.650 align:start position:0%
Forum just to give a bit of context the
 

00:00:29.650 --> 00:00:32.459 align:start position:0%
Forum just to give a bit of context the
World<00:00:29.830><c> Economic</c><00:00:29.980><c> Forum</c><00:00:30.610><c> is</c><00:00:30.789><c> the</c><00:00:31.469><c> intersection</c>

00:00:32.459 --> 00:00:32.469 align:start position:0%
World Economic Forum is the intersection
 

00:00:32.469 --> 00:00:34.380 align:start position:0%
World Economic Forum is the intersection
for<00:00:32.550><c> public-private</c><00:00:33.550><c> cooperation</c><00:00:33.699><c> we've</c>

00:00:34.380 --> 00:00:34.390 align:start position:0%
for public-private cooperation we've
 

00:00:34.390 --> 00:00:37.500 align:start position:0%
for public-private cooperation we've
been<00:00:34.570><c> around</c><00:00:34.660><c> for</c><00:00:34.930><c> about</c><00:00:35.079><c> 50</c><00:00:35.739><c> years</c><00:00:35.770><c> and</c><00:00:36.510><c> we</c>

00:00:37.500 --> 00:00:37.510 align:start position:0%
been around for about 50 years and we
 

00:00:37.510 --> 00:00:40.889 align:start position:0%
been around for about 50 years and we
work<00:00:37.749><c> on</c><00:00:38.019><c> global</c><00:00:38.350><c> systemic</c><00:00:39.100><c> issues</c><00:00:39.280><c> we</c><00:00:39.850><c> have</c><00:00:40.569><c> a</c>

00:00:40.889 --> 00:00:40.899 align:start position:0%
work on global systemic issues we have a
 

00:00:40.899 --> 00:00:43.590 align:start position:0%
work on global systemic issues we have a
global<00:00:41.230><c> impartial</c><00:00:41.890><c> platform</c><00:00:42.729><c> to</c><00:00:43.390><c> bring</c>

00:00:43.590 --> 00:00:43.600 align:start position:0%
global impartial platform to bring
 

00:00:43.600 --> 00:00:46.709 align:start position:0%
global impartial platform to bring
together<00:00:44.309><c> global</c><00:00:45.309><c> leaders</c><00:00:45.879><c> from</c><00:00:46.149><c> public</c><00:00:46.600><c> and</c>

00:00:46.709 --> 00:00:46.719 align:start position:0%
together global leaders from public and
 

00:00:46.719 --> 00:00:49.559 align:start position:0%
together global leaders from public and
private<00:00:46.809><c> sectors</c><00:00:47.760><c> so</c><00:00:48.760><c> global</c><00:00:49.300><c> systemic</c>

00:00:49.559 --> 00:00:49.569 align:start position:0%
private sectors so global systemic
 

00:00:49.569 --> 00:00:51.649 align:start position:0%
private sectors so global systemic
issues<00:00:49.870><c> that</c><00:00:50.229><c> particularly</c><00:00:50.620><c> needs</c>

00:00:51.649 --> 00:00:51.659 align:start position:0%
issues that particularly needs
 

00:00:51.659 --> 00:00:54.809 align:start position:0%
issues that particularly needs
collective<00:00:52.659><c> action</c><00:00:53.350><c> to</c><00:00:53.620><c> convene</c><00:00:54.429><c> and</c><00:00:54.670><c> for</c>

00:00:54.809 --> 00:00:54.819 align:start position:0%
collective action to convene and for
 

00:00:54.819 --> 00:00:56.160 align:start position:0%
collective action to convene and for
parties<00:00:55.149><c> to</c><00:00:55.300><c> come</c><00:00:55.449><c> together</c><00:00:55.690><c> on</c><00:00:55.899><c> that</c>

00:00:56.160 --> 00:00:56.170 align:start position:0%
parties to come together on that
 

00:00:56.170 --> 00:00:59.899 align:start position:0%
parties to come together on that
impartial<00:00:56.760><c> platform</c><00:00:57.760><c> a</c><00:00:58.059><c> few</c><00:00:58.809><c> years</c><00:00:59.079><c> ago</c><00:00:59.289><c> the</c>

00:00:59.899 --> 00:00:59.909 align:start position:0%
impartial platform a few years ago the
 

00:00:59.909 --> 00:01:04.469 align:start position:0%
impartial platform a few years ago the
founder<00:01:00.909><c> and</c><00:01:02.280><c> executive</c><00:01:03.280><c> chairman</c><00:01:04.210><c> of</c><00:01:04.330><c> the</c>

00:01:04.469 --> 00:01:04.479 align:start position:0%
founder and executive chairman of the
 

00:01:04.479 --> 00:01:05.910 align:start position:0%
founder and executive chairman of the
World<00:01:04.629><c> Economic</c><00:01:04.720><c> Forum</c><00:01:05.260><c> professor</c><00:01:05.650><c> Klaus</c>

00:01:05.910 --> 00:01:05.920 align:start position:0%
World Economic Forum professor Klaus
 

00:01:05.920 --> 00:01:08.609 align:start position:0%
World Economic Forum professor Klaus
Schwab<00:01:06.750><c> started</c><00:01:07.750><c> talking</c><00:01:08.080><c> about</c><00:01:08.170><c> the</c><00:01:08.350><c> fourth</c>

00:01:08.609 --> 00:01:08.619 align:start position:0%
Schwab started talking about the fourth
 

00:01:08.619 --> 00:01:10.499 align:start position:0%
Schwab started talking about the fourth
Industrial<00:01:09.219><c> Revolution</c><00:01:09.250><c> so</c><00:01:10.210><c> the</c><00:01:10.299><c> fourth</c>

00:01:10.499 --> 00:01:10.509 align:start position:0%
Industrial Revolution so the fourth
 

00:01:10.509 --> 00:01:12.630 align:start position:0%
Industrial Revolution so the fourth
Industrial<00:01:10.960><c> Revolution</c><00:01:11.280><c> we</c><00:01:12.280><c> talked</c><00:01:12.490><c> about</c>

00:01:12.630 --> 00:01:12.640 align:start position:0%
Industrial Revolution we talked about
 

00:01:12.640 --> 00:01:14.670 align:start position:0%
Industrial Revolution we talked about
those<00:01:12.880><c> technologies</c><00:01:13.680><c> blockchain</c>

00:01:14.670 --> 00:01:14.680 align:start position:0%
those technologies blockchain
 

00:01:14.680 --> 00:01:17.160 align:start position:0%
those technologies blockchain
distributed<00:01:15.369><c> later</c><00:01:16.170><c> artificial</c>

00:01:17.160 --> 00:01:17.170 align:start position:0%
distributed later artificial
 

00:01:17.170 --> 00:01:19.980 align:start position:0%
distributed later artificial
intelligence<00:01:17.829><c> Internet</c><00:01:18.520><c> of</c><00:01:18.549><c> Things</c><00:01:18.700><c> and</c><00:01:19.329><c> he</c>

00:01:19.980 --> 00:01:19.990 align:start position:0%
intelligence Internet of Things and he
 

00:01:19.990 --> 00:01:21.420 align:start position:0%
intelligence Internet of Things and he
started<00:01:20.350><c> talking</c><00:01:20.740><c> about</c><00:01:20.829><c> the</c><00:01:21.009><c> fact</c><00:01:21.280><c> that</c>

00:01:21.420 --> 00:01:21.430 align:start position:0%
started talking about the fact that
 

00:01:21.430 --> 00:01:24.450 align:start position:0%
started talking about the fact that
these<00:01:22.240><c> technologies</c><00:01:22.659><c> will</c><00:01:23.469><c> not</c><00:01:24.219><c> only</c>

00:01:24.450 --> 00:01:24.460 align:start position:0%
these technologies will not only
 

00:01:24.460 --> 00:01:26.249 align:start position:0%
these technologies will not only
influence<00:01:25.149><c> industries</c><00:01:25.750><c> but</c><00:01:25.960><c> it</c><00:01:26.079><c> will</c>

00:01:26.249 --> 00:01:26.259 align:start position:0%
influence industries but it will
 

00:01:26.259 --> 00:01:27.990 align:start position:0%
influence industries but it will
fundamentally<00:01:26.560><c> change</c><00:01:27.310><c> what</c><00:01:27.369><c> it</c><00:01:27.579><c> means</c><00:01:27.609><c> to</c><00:01:27.880><c> be</c>

00:01:27.990 --> 00:01:28.000 align:start position:0%
fundamentally change what it means to be
 

00:01:28.000 --> 00:01:30.620 align:start position:0%
fundamentally change what it means to be
human<00:01:28.180><c> and</c><00:01:28.570><c> the</c><00:01:29.200><c> world</c><00:01:29.409><c> is</c><00:01:29.619><c> not</c><00:01:29.829><c> prepared</c>

00:01:30.620 --> 00:01:30.630 align:start position:0%
human and the world is not prepared
 

00:01:30.630 --> 00:01:33.990 align:start position:0%
human and the world is not prepared
these<00:01:31.630><c> technologies</c><00:01:32.439><c> blockchain</c><00:01:33.340><c> is</c><00:01:33.579><c> moving</c>

00:01:33.990 --> 00:01:34.000 align:start position:0%
these technologies blockchain is moving
 

00:01:34.000 --> 00:01:37.980 align:start position:0%
these technologies blockchain is moving
very<00:01:34.030><c> fast</c><00:01:35.369><c> governments</c><00:01:36.369><c> can't</c><00:01:37.359><c> keep</c><00:01:37.659><c> up</c><00:01:37.960><c> with</c>

00:01:37.980 --> 00:01:37.990 align:start position:0%
very fast governments can't keep up with
 

00:01:37.990 --> 00:01:40.950 align:start position:0%
very fast governments can't keep up with
regulation<00:01:38.859><c> so</c><00:01:39.130><c> there's</c><00:01:39.310><c> a</c><00:01:39.369><c> big</c><00:01:39.700><c> gap</c><00:01:39.969><c> and</c><00:01:40.270><c> how</c>

00:01:40.950 --> 00:01:40.960 align:start position:0%
regulation so there's a big gap and how
 

00:01:40.960 --> 00:01:44.310 align:start position:0%
regulation so there's a big gap and how
we<00:01:41.020><c> govern</c><00:01:41.920><c> today</c><00:01:42.460><c> these</c><00:01:42.700><c> technologies</c><00:01:43.479><c> so</c>

00:01:44.310 --> 00:01:44.320 align:start position:0%
we govern today these technologies so
 

00:01:44.320 --> 00:01:46.139 align:start position:0%
we govern today these technologies so
with<00:01:44.560><c> that</c><00:01:44.799><c> we</c><00:01:45.009><c> opened</c><00:01:45.429><c> the</c><00:01:45.609><c> Centre</c><00:01:45.939><c> for</c><00:01:45.969><c> the</c>

00:01:46.139 --> 00:01:46.149 align:start position:0%
with that we opened the Centre for the
 

00:01:46.149 --> 00:01:47.730 align:start position:0%
with that we opened the Centre for the
fourth<00:01:46.420><c> Industrial</c><00:01:46.929><c> Revolution</c><00:01:46.960><c> will</c><00:01:47.619><c> be</c>

00:01:47.730 --> 00:01:47.740 align:start position:0%
fourth Industrial Revolution will be
 

00:01:47.740 --> 00:01:50.340 align:start position:0%
fourth Industrial Revolution will be
focused<00:01:48.159><c> on</c><00:01:48.280><c> these</c><00:01:48.490><c> technologies</c><00:01:49.049><c> to</c><00:01:50.049><c> really</c>

00:01:50.340 --> 00:01:50.350 align:start position:0%
focused on these technologies to really
 

00:01:50.350 --> 00:01:52.830 align:start position:0%
focused on these technologies to really
help<00:01:50.530><c> close</c><00:01:50.920><c> that</c><00:01:51.189><c> governance</c><00:01:51.700><c> gap</c><00:01:51.999><c> how</c><00:01:52.600><c> do</c><00:01:52.659><c> we</c>

00:01:52.830 --> 00:01:52.840 align:start position:0%
help close that governance gap how do we
 

00:01:52.840 --> 00:01:54.749 align:start position:0%
help close that governance gap how do we
make<00:01:53.020><c> sure</c><00:01:53.049><c> that</c><00:01:53.729><c> blockchain</c><00:01:54.729><c> and</c>

00:01:54.749 --> 00:01:54.759 align:start position:0%
make sure that blockchain and
 

00:01:54.759 --> 00:01:57.109 align:start position:0%
make sure that blockchain and
distributed<00:01:55.450><c> ledger</c><00:01:55.570><c> technology</c><00:01:55.869><c> is</c>

00:01:57.109 --> 00:01:57.119 align:start position:0%
distributed ledger technology is
 

00:01:57.119 --> 00:02:00.179 align:start position:0%
distributed ledger technology is
accelerated<00:01:58.119><c> globally</c><00:01:58.780><c> in</c><00:01:59.020><c> a</c><00:01:59.590><c> way</c><00:01:59.829><c> that</c><00:02:00.070><c> is</c>

00:02:00.179 --> 00:02:00.189 align:start position:0%
accelerated globally in a way that is
 

00:02:00.189 --> 00:02:02.399 align:start position:0%
accelerated globally in a way that is
inclusive<00:02:00.819><c> and</c><00:02:01.240><c> that</c><00:02:01.329><c> you</c><00:02:01.960><c> still</c><00:02:02.200><c> have</c>

00:02:02.399 --> 00:02:02.409 align:start position:0%
inclusive and that you still have
 

00:02:02.409 --> 00:02:06.349 align:start position:0%
inclusive and that you still have
responsible<00:02:03.219><c> deployment</c><00:02:03.850><c> we</c><00:02:04.509><c> can't</c><00:02:04.840><c> rely</c><00:02:05.319><c> on</c>

00:02:06.349 --> 00:02:06.359 align:start position:0%
responsible deployment we can't rely on
 

00:02:06.359 --> 00:02:09.779 align:start position:0%
responsible deployment we can't rely on
regulation<00:02:07.359><c> to</c><00:02:07.630><c> help</c><00:02:07.869><c> govern</c><00:02:08.789><c> distributed</c>

00:02:09.779 --> 00:02:09.789 align:start position:0%
regulation to help govern distributed
 

00:02:09.789 --> 00:02:12.780 align:start position:0%
regulation to help govern distributed
later<00:02:09.970><c> technologies</c><00:02:10.690><c> we</c><00:02:11.050><c> need</c><00:02:11.080><c> to</c><00:02:11.650><c> find</c><00:02:12.340><c> new</c>

00:02:12.780 --> 00:02:12.790 align:start position:0%
later technologies we need to find new
 

00:02:12.790 --> 00:02:16.840 align:start position:0%
later technologies we need to find new
agile<00:02:13.090><c> ways</c><00:02:14.310><c> to</c><00:02:15.310><c> together</c>

00:02:16.840 --> 00:02:16.850 align:start position:0%
agile ways to together
 

00:02:16.850 --> 00:02:18.730 align:start position:0%
agile ways to together
private<00:02:17.210><c> sector</c><00:02:17.630><c> leaning</c><00:02:18.050><c> in</c><00:02:18.200><c> together</c><00:02:18.530><c> with</c>

00:02:18.730 --> 00:02:18.740 align:start position:0%
private sector leaning in together with
 

00:02:18.740 --> 00:02:20.650 align:start position:0%
private sector leaning in together with
the<00:02:18.860><c> public</c><00:02:19.220><c> sector</c><00:02:19.480><c> govern</c><00:02:20.480><c> these</c>

00:02:20.650 --> 00:02:20.660 align:start position:0%
the public sector govern these
 

00:02:20.660 --> 00:02:24.220 align:start position:0%
the public sector govern these
technologies<00:02:22.330><c> give</c><00:02:23.330><c> you</c><00:02:23.420><c> a</c><00:02:23.450><c> bit</c><00:02:23.600><c> of</c><00:02:23.630><c> context</c>

00:02:24.220 --> 00:02:24.230 align:start position:0%
technologies give you a bit of context
 

00:02:24.230 --> 00:02:25.870 align:start position:0%
technologies give you a bit of context
so<00:02:24.410><c> I'm</c><00:02:24.650><c> with</c><00:02:25.070><c> the</c><00:02:25.310><c> blockchain</c><00:02:25.640><c> and</c>

00:02:25.870 --> 00:02:25.880 align:start position:0%
so I'm with the blockchain and
 

00:02:25.880 --> 00:02:27.760 align:start position:0%
so I'm with the blockchain and
distributed<00:02:26.750><c> ledger</c><00:02:26.960><c> team</c>

00:02:27.760 --> 00:02:27.770 align:start position:0%
distributed ledger team
 

00:02:27.770 --> 00:02:31.090 align:start position:0%
distributed ledger team
I<00:02:27.800><c> lead</c><00:02:28.250><c> a</c><00:02:28.280><c> number</c><00:02:28.760><c> of</c><00:02:28.880><c> projects</c><00:02:29.360><c> globally</c><00:02:30.100><c> we</c>

00:02:31.090 --> 00:02:31.100 align:start position:0%
I lead a number of projects globally we
 

00:02:31.100 --> 00:02:32.980 align:start position:0%
I lead a number of projects globally we
tackle<00:02:31.840><c> governance</c>

00:02:32.980 --> 00:02:32.990 align:start position:0%
tackle governance
 

00:02:32.990 --> 00:02:36.730 align:start position:0%
tackle governance
blockchain<00:02:33.770><c> issue</c><00:02:34.480><c> we</c><00:02:35.480><c> focus</c><00:02:36.410><c> very</c><00:02:36.440><c> narrowly</c>

00:02:36.730 --> 00:02:36.740 align:start position:0%
blockchain issue we focus very narrowly
 

00:02:36.740 --> 00:02:40.300 align:start position:0%
blockchain issue we focus very narrowly
and<00:02:37.490><c> will</c><00:02:37.850><c> actually</c><00:02:38.090><c> go</c><00:02:38.510><c> and</c><00:02:38.540><c> do</c><00:02:39.310><c> deployments</c>

00:02:40.300 --> 00:02:40.310 align:start position:0%
and will actually go and do deployments
 

00:02:40.310 --> 00:02:44.050 align:start position:0%
and will actually go and do deployments
will<00:02:41.530><c> co.design</c><00:02:42.560><c> with</c><00:02:42.980><c> organizations</c><00:02:43.880><c> and</c>

00:02:44.050 --> 00:02:44.060 align:start position:0%
will co.design with organizations and
 

00:02:44.060 --> 00:02:46.330 align:start position:0%
will co.design with organizations and
governments<00:02:44.510><c> globally</c><00:02:45.020><c> the</c><00:02:45.260><c> frameworks</c><00:02:46.070><c> that</c>

00:02:46.330 --> 00:02:46.340 align:start position:0%
governments globally the frameworks that
 

00:02:46.340 --> 00:02:48.610 align:start position:0%
governments globally the frameworks that
goes<00:02:46.550><c> with</c><00:02:46.760><c> that</c><00:02:46.970><c> deployment</c><00:02:47.420><c> and</c><00:02:47.870><c> then</c><00:02:48.470><c> we</c>

00:02:48.610 --> 00:02:48.620 align:start position:0%
goes with that deployment and then we
 

00:02:48.620 --> 00:02:50.650 align:start position:0%
goes with that deployment and then we
will<00:02:48.770><c> use</c><00:02:49.010><c> our</c><00:02:49.190><c> global</c><00:02:49.580><c> platform</c><00:02:50.060><c> to</c><00:02:50.270><c> scale</c>

00:02:50.650 --> 00:02:50.660 align:start position:0%
will use our global platform to scale
 

00:02:50.660 --> 00:02:54.070 align:start position:0%
will use our global platform to scale
and<00:02:51.110><c> the</c><00:02:51.650><c> learnings</c><00:02:52.180><c> embed</c><00:02:53.180><c> best</c><00:02:53.450><c> practices</c>

00:02:54.070 --> 00:02:54.080 align:start position:0%
and the learnings embed best practices
 

00:02:54.080 --> 00:02:56.440 align:start position:0%
and the learnings embed best practices
of<00:02:54.260><c> those</c><00:02:54.470><c> frameworks</c><00:02:54.830><c> to</c><00:02:55.310><c> give</c><00:02:56.180><c> you</c><00:02:56.300><c> an</c>

00:02:56.440 --> 00:02:56.450 align:start position:0%
of those frameworks to give you an
 

00:02:56.450 --> 00:03:00.310 align:start position:0%
of those frameworks to give you an
example<00:02:57.310><c> in</c><00:02:58.310><c> Colombia</c><00:02:59.090><c> we</c><00:02:59.630><c> working</c><00:03:00.050><c> with</c><00:03:00.080><c> the</c>

00:03:00.310 --> 00:03:00.320 align:start position:0%
example in Colombia we working with the
 

00:03:00.320 --> 00:03:04.660 align:start position:0%
example in Colombia we working with the
general<00:03:00.850><c> inspectors</c><00:03:01.850><c> office</c><00:03:02.390><c> on</c><00:03:03.670><c> tasting</c>

00:03:04.660 --> 00:03:04.670 align:start position:0%
general inspectors office on tasting
 

00:03:04.670 --> 00:03:06.310 align:start position:0%
general inspectors office on tasting
public<00:03:05.570><c> permissionless</c>

00:03:06.310 --> 00:03:06.320 align:start position:0%
public permissionless
 

00:03:06.320 --> 00:03:10.690 align:start position:0%
public permissionless
etherium<00:03:06.980><c> to</c><00:03:07.700><c> deal</c><00:03:08.030><c> with</c><00:03:08.690><c> corruption</c><00:03:09.650><c> to</c><00:03:10.520><c> deal</c>

00:03:10.690 --> 00:03:10.700 align:start position:0%
etherium to deal with corruption to deal
 

00:03:10.700 --> 00:03:14.080 align:start position:0%
etherium to deal with corruption to deal
with<00:03:10.910><c> public</c><00:03:11.470><c> rfp's</c><00:03:12.500><c> so</c><00:03:13.400><c> what</c><00:03:13.550><c> we</c><00:03:13.670><c> do</c><00:03:13.820><c> is</c><00:03:13.940><c> we</c>

00:03:14.080 --> 00:03:14.090 align:start position:0%
with public rfp's so what we do is we
 

00:03:14.090 --> 00:03:16.060 align:start position:0%
with public rfp's so what we do is we
focus<00:03:14.450><c> on</c><00:03:14.570><c> Colombia</c><00:03:15.080><c> we</c><00:03:15.260><c> bring</c><00:03:15.560><c> in</c><00:03:15.800><c> experts</c>

00:03:16.060 --> 00:03:16.070 align:start position:0%
focus on Colombia we bring in experts
 

00:03:16.070 --> 00:03:19.480 align:start position:0%
focus on Colombia we bring in experts
from<00:03:16.700><c> around</c><00:03:17.060><c> the</c><00:03:17.270><c> world</c><00:03:17.500><c> to</c><00:03:18.500><c> then</c><00:03:18.770><c> taste</c><00:03:19.310><c> the</c>

00:03:19.480 --> 00:03:19.490 align:start position:0%
from around the world to then taste the
 

00:03:19.490 --> 00:03:22.990 align:start position:0%
from around the world to then taste the
technology<00:03:20.470><c> develop</c><00:03:21.470><c> frameworks</c><00:03:22.160><c> policies</c>

00:03:22.990 --> 00:03:23.000 align:start position:0%
technology develop frameworks policies
 

00:03:23.000 --> 00:03:25.030 align:start position:0%
technology develop frameworks policies
protocols<00:03:23.510><c> that</c><00:03:24.170><c> could</c><00:03:24.350><c> help</c><00:03:24.620><c> of</c><00:03:24.890><c> the</c>

00:03:25.030 --> 00:03:25.040 align:start position:0%
protocols that could help of the
 

00:03:25.040 --> 00:03:27.730 align:start position:0%
protocols that could help of the
successful<00:03:25.730><c> deployment</c><00:03:25.880><c> of</c><00:03:26.570><c> that</c><00:03:27.380><c> technology</c>

00:03:27.730 --> 00:03:27.740 align:start position:0%
successful deployment of that technology
 

00:03:27.740 --> 00:03:29.920 align:start position:0%
successful deployment of that technology
in<00:03:28.130><c> that</c><00:03:28.160><c> particular</c><00:03:28.760><c> field</c><00:03:29.120><c> and</c><00:03:29.360><c> then</c><00:03:29.900><c> we</c>

00:03:29.920 --> 00:03:29.930 align:start position:0%
in that particular field and then we
 

00:03:29.930 --> 00:03:32.230 align:start position:0%
in that particular field and then we
make<00:03:30.590><c> it</c><00:03:30.740><c> available</c><00:03:30.980><c> we</c><00:03:31.340><c> open</c><00:03:31.700><c> source</c><00:03:32.000><c> those</c>

00:03:32.230 --> 00:03:32.240 align:start position:0%
make it available we open source those
 

00:03:32.240 --> 00:03:34.750 align:start position:0%
make it available we open source those
frameworks<00:03:32.770><c> globally</c><00:03:33.770><c> so</c><00:03:34.220><c> we</c><00:03:34.340><c> use</c><00:03:34.550><c> that</c>

00:03:34.750 --> 00:03:34.760 align:start position:0%
frameworks globally so we use that
 

00:03:34.760 --> 00:03:38.470 align:start position:0%
frameworks globally so we use that
global<00:03:35.150><c> platform</c><00:03:35.770><c> so</c><00:03:36.770><c> I'm</c><00:03:37.520><c> gonna</c><00:03:37.910><c> speak</c><00:03:38.270><c> today</c>

00:03:38.470 --> 00:03:38.480 align:start position:0%
global platform so I'm gonna speak today
 

00:03:38.480 --> 00:03:41.130 align:start position:0%
global platform so I'm gonna speak today
about<00:03:38.930><c> enterprise</c><00:03:39.590><c> and</c><00:03:39.980><c> how</c><00:03:40.160><c> we</c><00:03:40.220><c> support</c>

00:03:41.130 --> 00:03:41.140 align:start position:0%
about enterprise and how we support
 

00:03:41.140 --> 00:03:44.260 align:start position:0%
about enterprise and how we support
Enterprise<00:03:42.140><c> development</c><00:03:42.950><c> in</c><00:03:43.640><c> a</c><00:03:43.790><c> number</c><00:03:44.150><c> of</c>

00:03:44.260 --> 00:03:44.270 align:start position:0%
Enterprise development in a number of
 

00:03:44.270 --> 00:03:47.560 align:start position:0%
Enterprise development in a number of
the<00:03:44.390><c> projects</c><00:03:44.810><c> that</c><00:03:44.870><c> I</c><00:03:44.960><c> work</c><00:03:45.260><c> in</c><00:03:45.590><c> we</c><00:03:46.580><c> helping</c>

00:03:47.560 --> 00:03:47.570 align:start position:0%
the projects that I work in we helping
 

00:03:47.570 --> 00:03:51.490 align:start position:0%
the projects that I work in we helping
to<00:03:47.960><c> accelerate</c><00:03:49.870><c> blockchain</c><00:03:50.870><c> and</c><00:03:50.900><c> distributed</c>

00:03:51.490 --> 00:03:51.500 align:start position:0%
to accelerate blockchain and distributed
 

00:03:51.500 --> 00:03:55.300 align:start position:0%
to accelerate blockchain and distributed
later<00:03:51.880><c> deployment</c><00:03:52.880><c> in</c><00:03:53.090><c> enterprises</c><00:03:54.100><c> so</c><00:03:55.100><c> we</c>

00:03:55.300 --> 00:03:55.310 align:start position:0%
later deployment in enterprises so we
 

00:03:55.310 --> 00:03:59.320 align:start position:0%
later deployment in enterprises so we
use<00:03:55.520><c> our</c><00:03:55.700><c> impartial</c><00:03:56.630><c> platform</c><00:03:57.620><c> to</c><00:03:58.580><c> help</c><00:03:58.940><c> many</c>

00:03:59.320 --> 00:03:59.330 align:start position:0%
use our impartial platform to help many
 

00:03:59.330 --> 00:04:04.510 align:start position:0%
use our impartial platform to help many
industries<00:04:00.940><c> start</c><00:04:01.940><c> blockchain</c><00:04:03.520><c> consortiums</c>

00:04:04.510 --> 00:04:04.520 align:start position:0%
industries start blockchain consortiums
 

00:04:04.520 --> 00:04:06.670 align:start position:0%
industries start blockchain consortiums
and<00:04:04.760><c> then</c><00:04:05.180><c> develop</c><00:04:05.750><c> the</c><00:04:05.780><c> governance</c><00:04:06.410><c> around</c>

00:04:06.670 --> 00:04:06.680 align:start position:0%
and then develop the governance around
 

00:04:06.680 --> 00:04:10.300 align:start position:0%
and then develop the governance around
how<00:04:07.040><c> they</c><00:04:07.520><c> can</c><00:04:08.090><c> scale</c><00:04:08.450><c> those</c><00:04:09.110><c> consortiums</c><00:04:09.740><c> in</c>

00:04:10.300 --> 00:04:10.310 align:start position:0%
how they can scale those consortiums in
 

00:04:10.310 --> 00:04:15.100 align:start position:0%
how they can scale those consortiums in
the<00:04:10.460><c> long</c><00:04:10.640><c> run</c><00:04:12.310><c> over</c><00:04:13.310><c> the</c><00:04:13.400><c> last</c><00:04:13.810><c> couple</c><00:04:14.810><c> of</c>

00:04:15.100 --> 00:04:15.110 align:start position:0%
the long run over the last couple of
 

00:04:15.110 --> 00:04:17.560 align:start position:0%
the long run over the last couple of
years<00:04:15.170><c> I've</c><00:04:15.770><c> worked</c><00:04:16.070><c> in</c><00:04:16.489><c> many</c><00:04:17.359><c> different</c>

00:04:17.560 --> 00:04:17.570 align:start position:0%
years I've worked in many different
 

00:04:17.570 --> 00:04:20.229 align:start position:0%
years I've worked in many different
industries<00:04:18.020><c> on</c><00:04:18.500><c> helping</c><00:04:19.340><c> enterprises</c><00:04:19.520><c> on</c>

00:04:20.229 --> 00:04:20.239 align:start position:0%
industries on helping enterprises on
 

00:04:20.239 --> 00:04:22.450 align:start position:0%
industries on helping enterprises on
helping<00:04:20.690><c> industry</c><00:04:21.260><c> consortiums</c><00:04:22.040><c> and</c><00:04:22.160><c> through</c>

00:04:22.450 --> 00:04:22.460 align:start position:0%
helping industry consortiums and through
 

00:04:22.460 --> 00:04:24.969 align:start position:0%
helping industry consortiums and through
that<00:04:22.700><c> we've</c><00:04:23.600><c> really</c><00:04:23.990><c> come</c><00:04:24.320><c> to</c><00:04:24.560><c> known</c><00:04:24.770><c> and</c>

00:04:24.969 --> 00:04:24.979 align:start position:0%
that we've really come to known and
 

00:04:24.979 --> 00:04:26.710 align:start position:0%
that we've really come to known and
understand<00:04:25.520><c> what</c><00:04:25.729><c> are</c><00:04:25.850><c> some</c><00:04:26.090><c> of</c><00:04:26.240><c> the</c><00:04:26.360><c> key</c>

00:04:26.710 --> 00:04:26.720 align:start position:0%
understand what are some of the key
 

00:04:26.720 --> 00:04:29.930 align:start position:0%
understand what are some of the key
barriers<00:04:27.340><c> for</c><00:04:28.340><c> enterprise</c>

00:04:29.930 --> 00:04:29.940 align:start position:0%
barriers for enterprise
 

00:04:29.940 --> 00:04:34.850 align:start position:0%
barriers for enterprise
adoption<00:04:31.880><c> now</c><00:04:32.880><c> with</c><00:04:33.390><c> now</c><00:04:34.260><c> that</c><00:04:34.500><c> you</c><00:04:34.680><c> have</c>

00:04:34.850 --> 00:04:34.860 align:start position:0%
adoption now with now that you have
 

00:04:34.860 --> 00:04:37.580 align:start position:0%
adoption now with now that you have
enterprise<00:04:35.460><c> aetherium</c><00:04:36.060><c> if</c><00:04:36.240><c> cerium</c><00:04:36.720><c> can</c>

00:04:37.580 --> 00:04:37.590 align:start position:0%
enterprise aetherium if cerium can
 

00:04:37.590 --> 00:04:40.810 align:start position:0%
enterprise aetherium if cerium can
conquer<00:04:38.070><c> the</c><00:04:38.540><c> enterprise</c><00:04:39.540><c> Walt</c><00:04:39.840><c> as</c><00:04:40.050><c> well</c>

00:04:40.810 --> 00:04:40.820 align:start position:0%
conquer the enterprise Walt as well
 

00:04:40.820 --> 00:04:45.050 align:start position:0%
conquer the enterprise Walt as well
however<00:04:41.820><c> what</c><00:04:42.690><c> are</c><00:04:42.840><c> those</c><00:04:43.080><c> barriers</c><00:04:44.060><c> nothing</c>

00:04:45.050 --> 00:04:45.060 align:start position:0%
however what are those barriers nothing
 

00:04:45.060 --> 00:04:47.600 align:start position:0%
however what are those barriers nothing
new<00:04:45.240><c> to</c><00:04:45.480><c> you</c><00:04:45.770><c> the</c><00:04:46.770><c> barriers</c><00:04:47.280><c> are</c>

00:04:47.600 --> 00:04:47.610 align:start position:0%
new to you the barriers are
 

00:04:47.610 --> 00:04:50.260 align:start position:0%
new to you the barriers are
collaboration<00:04:48.480><c> and</c><00:04:48.750><c> sharing</c><00:04:49.200><c> right</c><00:04:49.710><c> I'm</c>

00:04:50.260 --> 00:04:50.270 align:start position:0%
collaboration and sharing right I'm
 

00:04:50.270 --> 00:04:53.720 align:start position:0%
collaboration and sharing right I'm
being<00:04:51.270><c> here</c><00:04:51.510><c> this</c><00:04:51.720><c> week</c><00:04:51.780><c> at</c><00:04:52.080><c> Def</c><00:04:52.260><c> Con</c><00:04:52.290><c> we</c><00:04:52.950><c> can</c>

00:04:53.720 --> 00:04:53.730 align:start position:0%
being here this week at Def Con we can
 

00:04:53.730 --> 00:04:55.700 align:start position:0%
being here this week at Def Con we can
see<00:04:53.940><c> again</c><00:04:54.270><c> that</c><00:04:54.510><c> a</c><00:04:54.540><c> lot</c><00:04:54.750><c> of</c><00:04:54.870><c> the</c><00:04:55.020><c> technology</c>

00:04:55.700 --> 00:04:55.710 align:start position:0%
see again that a lot of the technology
 

00:04:55.710 --> 00:04:57.650 align:start position:0%
see again that a lot of the technology
issues<00:04:56.100><c> will</c><00:04:56.310><c> get</c><00:04:56.460><c> solved</c><00:04:56.970><c> performance</c>

00:04:57.650 --> 00:04:57.660 align:start position:0%
issues will get solved performance
 

00:04:57.660 --> 00:05:01.370 align:start position:0%
issues will get solved performance
scalability<00:04:59.120><c> those</c><00:05:00.120><c> things</c><00:05:00.450><c> a</c><00:05:00.750><c> lot</c><00:05:01.230><c> of</c><00:05:01.260><c> people</c>

00:05:01.370 --> 00:05:01.380 align:start position:0%
scalability those things a lot of people
 

00:05:01.380 --> 00:05:03.470 align:start position:0%
scalability those things a lot of people
are<00:05:01.800><c> committed</c><00:05:02.310><c> a</c><00:05:02.490><c> lot</c><00:05:02.610><c> of</c><00:05:02.670><c> smart</c><00:05:03.000><c> people</c><00:05:03.180><c> are</c>

00:05:03.470 --> 00:05:03.480 align:start position:0%
are committed a lot of smart people are
 

00:05:03.480 --> 00:05:06.860 align:start position:0%
are committed a lot of smart people are
committed<00:05:03.990><c> to</c><00:05:04.440><c> work</c><00:05:04.650><c> on</c><00:05:04.860><c> that</c><00:05:05.040><c> the</c><00:05:05.910><c> issue</c><00:05:06.360><c> in</c>

00:05:06.860 --> 00:05:06.870 align:start position:0%
committed to work on that the issue in
 

00:05:06.870 --> 00:05:09.800 align:start position:0%
committed to work on that the issue in
enterprise<00:05:07.380><c> adoption</c><00:05:08.100><c> is</c><00:05:08.360><c> collaboration</c><00:05:09.360><c> in</c>

00:05:09.800 --> 00:05:09.810 align:start position:0%
enterprise adoption is collaboration in
 

00:05:09.810 --> 00:05:13.100 align:start position:0%
enterprise adoption is collaboration in
sharing<00:05:10.290><c> today</c><00:05:11.220><c> I</c><00:05:11.430><c> will</c><00:05:11.970><c> within</c><00:05:12.420><c> that</c><00:05:12.600><c> share</c>

00:05:13.100 --> 00:05:13.110 align:start position:0%
sharing today I will within that share
 

00:05:13.110 --> 00:05:15.710 align:start position:0%
sharing today I will within that share
three<00:05:13.860><c> very</c><00:05:14.250><c> specific</c><00:05:14.580><c> barriers</c><00:05:15.330><c> that</c><00:05:15.510><c> we've</c>

00:05:15.710 --> 00:05:15.720 align:start position:0%
three very specific barriers that we've
 

00:05:15.720 --> 00:05:20.000 align:start position:0%
three very specific barriers that we've
seen<00:05:16.670><c> time</c><00:05:17.670><c> and</c><00:05:17.850><c> time</c><00:05:17.910><c> again</c><00:05:18.060><c> across</c><00:05:19.010><c> all</c>

00:05:20.000 --> 00:05:20.010 align:start position:0%
seen time and time again across all
 

00:05:20.010 --> 00:05:22.990 align:start position:0%
seen time and time again across all
industries<00:05:20.850><c> that</c><00:05:21.060><c> hampers</c><00:05:21.780><c> the</c><00:05:22.080><c> lay</c>

00:05:22.990 --> 00:05:23.000 align:start position:0%
industries that hampers the lay
 

00:05:23.000 --> 00:05:26.470 align:start position:0%
industries that hampers the lay
blockchain<00:05:24.000><c> consortium</c><00:05:24.540><c> adoption</c><00:05:24.990><c> all</c><00:05:25.170><c> that</c>

00:05:26.470 --> 00:05:26.480 align:start position:0%
blockchain consortium adoption all that
 

00:05:26.480 --> 00:05:29.660 align:start position:0%
blockchain consortium adoption all that
prevents<00:05:27.480><c> the</c><00:05:27.660><c> full</c><00:05:27.900><c> potential</c><00:05:28.290><c> of</c><00:05:28.740><c> of</c><00:05:29.250><c> what</c>

00:05:29.660 --> 00:05:29.670 align:start position:0%
prevents the full potential of of what
 

00:05:29.670 --> 00:05:31.040 align:start position:0%
prevents the full potential of of what
the<00:05:29.790><c> technology</c><00:05:30.330><c> has</c><00:05:30.510><c> to</c><00:05:30.690><c> offer</c>

00:05:31.040 --> 00:05:31.050 align:start position:0%
the technology has to offer
 

00:05:31.050 --> 00:05:34.070 align:start position:0%
the technology has to offer
just<00:05:31.680><c> a</c><00:05:31.770><c> quick</c><00:05:32.100><c> just</c><00:05:32.400><c> to</c><00:05:32.460><c> level</c><00:05:32.730><c> set</c><00:05:32.910><c> I'll</c><00:05:33.480><c> just</c>

00:05:34.070 --> 00:05:34.080 align:start position:0%
just a quick just to level set I'll just
 

00:05:34.080 --> 00:05:35.990 align:start position:0%
just a quick just to level set I'll just
quickly<00:05:34.380><c> touch</c><00:05:34.740><c> on</c><00:05:34.950><c> some</c><00:05:35.160><c> basics</c><00:05:35.640><c> of</c>

00:05:35.990 --> 00:05:36.000 align:start position:0%
quickly touch on some basics of
 

00:05:36.000 --> 00:05:41.210 align:start position:0%
quickly touch on some basics of
blockchain<00:05:36.480><c> consortium</c><00:05:38.360><c> so</c><00:05:39.360><c> in</c><00:05:39.690><c> the</c><00:05:40.220><c> 2019</c>

00:05:41.210 --> 00:05:41.220 align:start position:0%
blockchain consortium so in the 2019
 

00:05:41.220 --> 00:05:43.820 align:start position:0%
blockchain consortium so in the 2019
Deloitte<00:05:41.700><c> global</c><00:05:42.180><c> annual</c><00:05:42.360><c> blockchain</c><00:05:43.260><c> survey</c>

00:05:43.820 --> 00:05:43.830 align:start position:0%
Deloitte global annual blockchain survey
 

00:05:43.830 --> 00:05:48.770 align:start position:0%
Deloitte global annual blockchain survey
they<00:05:44.760><c> share</c><00:05:45.120><c> that</c><00:05:45.390><c> 92%</c><00:05:46.290><c> of</c><00:05:47.040><c> organizations</c><00:05:47.940><c> say</c>

00:05:48.770 --> 00:05:48.780 align:start position:0%
they share that 92% of organizations say
 

00:05:48.780 --> 00:05:50.720 align:start position:0%
they share that 92% of organizations say
that<00:05:49.020><c> they</c><00:05:49.110><c> either</c><00:05:49.290><c> belong</c><00:05:49.950><c> to</c><00:05:50.400><c> a</c><00:05:50.430><c> blockchain</c>

00:05:50.720 --> 00:05:50.730 align:start position:0%
that they either belong to a blockchain
 

00:05:50.730 --> 00:05:53.180 align:start position:0%
that they either belong to a blockchain
consortia<00:05:51.360><c> or</c><00:05:51.690><c> they</c><00:05:51.930><c> plan</c><00:05:52.320><c> to</c><00:05:52.590><c> join</c><00:05:52.950><c> a</c>

00:05:53.180 --> 00:05:53.190 align:start position:0%
consortia or they plan to join a
 

00:05:53.190 --> 00:05:55.130 align:start position:0%
consortia or they plan to join a
blockchain<00:05:53.760><c> consortia</c><00:05:54.360><c> in</c><00:05:54.450><c> the</c><00:05:54.660><c> next</c><00:05:54.960><c> two</c>

00:05:55.130 --> 00:05:55.140 align:start position:0%
blockchain consortia in the next two
 

00:05:55.140 --> 00:05:57.800 align:start position:0%
blockchain consortia in the next two
months<00:05:55.290><c> so</c><00:05:56.040><c> blood-suckin</c><00:05:56.580><c> sources</c><00:05:57.030><c> in</c><00:05:57.510><c> the</c>

00:05:57.800 --> 00:05:57.810 align:start position:0%
months so blood-suckin sources in the
 

00:05:57.810 --> 00:06:00.320 align:start position:0%
months so blood-suckin sources in the
enterprise<00:05:58.350><c> world</c><00:05:58.680><c> is</c><00:05:58.980><c> the</c><00:05:59.490><c> most</c><00:05:59.669><c> typical</c><00:05:59.880><c> way</c>

00:06:00.320 --> 00:06:00.330 align:start position:0%
enterprise world is the most typical way
 

00:06:00.330 --> 00:06:03.800 align:start position:0%
enterprise world is the most typical way
for<00:06:00.900><c> these</c><00:06:01.790><c> competitors</c><00:06:02.790><c> and</c><00:06:03.090><c> organizations</c>

00:06:03.800 --> 00:06:03.810 align:start position:0%
for these competitors and organizations
 

00:06:03.810 --> 00:06:07.520 align:start position:0%
for these competitors and organizations
to<00:06:04.050><c> collaborate</c><00:06:05.419><c> the</c><00:06:06.419><c> reasons</c><00:06:06.900><c> why</c><00:06:07.169><c> they</c>

00:06:07.520 --> 00:06:07.530 align:start position:0%
to collaborate the reasons why they
 

00:06:07.530 --> 00:06:10.490 align:start position:0%
to collaborate the reasons why they
choose<00:06:07.860><c> the</c><00:06:08.040><c> consortium</c><00:06:08.610><c> way</c><00:06:08.820><c> they</c><00:06:09.180><c> see</c><00:06:10.169><c> cost</c>

00:06:10.490 --> 00:06:10.500 align:start position:0%
choose the consortium way they see cost
 

00:06:10.500 --> 00:06:13.220 align:start position:0%
choose the consortium way they see cost
savings<00:06:10.980><c> according</c><00:06:11.730><c> to</c><00:06:11.880><c> the</c><00:06:12.000><c> survey</c><00:06:12.419><c> it</c><00:06:12.630><c> helps</c>

00:06:13.220 --> 00:06:13.230 align:start position:0%
savings according to the survey it helps
 

00:06:13.230 --> 00:06:15.590 align:start position:0%
savings according to the survey it helps
them<00:06:13.410><c> to</c><00:06:13.560><c> accelerate</c><00:06:14.190><c> learning</c><00:06:14.450><c> they</c><00:06:15.450><c> can</c>

00:06:15.590 --> 00:06:15.600 align:start position:0%
them to accelerate learning they can
 

00:06:15.600 --> 00:06:19.159 align:start position:0%
them to accelerate learning they can
share<00:06:15.900><c> risks</c><00:06:16.440><c> share</c><00:06:16.919><c> R&amp;D</c><00:06:17.520><c> so</c><00:06:18.419><c> this</c><00:06:18.720><c> is</c><00:06:18.840><c> a</c><00:06:18.870><c> lot</c>

00:06:19.159 --> 00:06:19.169 align:start position:0%
share risks share R&amp;D so this is a lot
 

00:06:19.169 --> 00:06:22.430 align:start position:0%
share risks share R&amp;D so this is a lot
how<00:06:19.350><c> we</c><00:06:19.410><c> see</c><00:06:19.830><c> these</c><00:06:20.150><c> industries</c><00:06:21.260><c> within</c><00:06:22.260><c> the</c>

00:06:22.430 --> 00:06:22.440 align:start position:0%
how we see these industries within the
 

00:06:22.440 --> 00:06:26.360 align:start position:0%
how we see these industries within the
enterprise<00:06:22.860><c> world</c><00:06:24.530><c> organize</c><00:06:25.530><c> themselves</c><00:06:25.830><c> to</c>

00:06:26.360 --> 00:06:26.370 align:start position:0%
enterprise world organize themselves to
 

00:06:26.370 --> 00:06:31.159 align:start position:0%
enterprise world organize themselves to
adopt<00:06:26.700><c> blockchain</c><00:06:28.880><c> we</c><00:06:29.880><c> have</c><00:06:30.360><c> so</c><00:06:30.900><c> for</c><00:06:31.110><c> the</c>

00:06:31.159 --> 00:06:31.169 align:start position:0%
adopt blockchain we have so for the
 

00:06:31.169 --> 00:06:32.870 align:start position:0%
adopt blockchain we have so for the
first<00:06:31.440><c> year</c><00:06:31.740><c> in</c><00:06:31.830><c> the</c><00:06:31.860><c> halls</c><00:06:32.070><c> we've</c><00:06:32.310><c> seen</c><00:06:32.550><c> a</c><00:06:32.580><c> lot</c>

00:06:32.870 --> 00:06:32.880 align:start position:0%
first year in the halls we've seen a lot
 

00:06:32.880 --> 00:06:36.860 align:start position:0%
first year in the halls we've seen a lot
of<00:06:32.910><c> CEOs</c><00:06:33.919><c> focus</c><00:06:34.919><c> on</c><00:06:35.070><c> proof-of-concept</c><00:06:35.870><c> they</c>

00:06:36.860 --> 00:06:36.870 align:start position:0%
of CEOs focus on proof-of-concept they
 

00:06:36.870 --> 00:06:38.390 align:start position:0%
of CEOs focus on proof-of-concept they
were<00:06:36.930><c> doing</c><00:06:37.440><c> blockchain</c><00:06:37.979><c> proof-of-concept</c>

00:06:38.390 --> 00:06:38.400 align:start position:0%
were doing blockchain proof-of-concept
 

00:06:38.400 --> 00:06:41.490 align:start position:0%
were doing blockchain proof-of-concept
and<00:06:38.970><c> they</c><00:06:39.270><c> come</c><00:06:39.510><c> away</c><00:06:39.780><c> seeing</c><00:06:40.410><c> value</c><00:06:40.710><c> in</c><00:06:41.100><c> certs</c>

00:06:41.490 --> 00:06:41.500 align:start position:0%
and they come away seeing value in certs
 

00:06:41.500 --> 00:06:44.300 align:start position:0%
and they come away seeing value in certs
areas<00:06:41.830><c> but</c><00:06:42.640><c> then</c><00:06:42.880><c> many</c><00:06:43.150><c> of</c><00:06:43.270><c> them</c><00:06:43.570><c> realized</c>

00:06:44.300 --> 00:06:44.310 align:start position:0%
areas but then many of them realized
 

00:06:44.310 --> 00:06:47.150 align:start position:0%
areas but then many of them realized
they<00:06:45.310><c> actually</c><00:06:45.760><c> can't</c><00:06:46.030><c> do</c><00:06:46.240><c> it</c><00:06:46.360><c> alone</c>

00:06:47.150 --> 00:06:47.160 align:start position:0%
they actually can't do it alone
 

00:06:47.160 --> 00:06:49.650 align:start position:0%
they actually can't do it alone
they<00:06:48.160><c> actually</c><00:06:48.430><c> need</c><00:06:48.880><c> to</c><00:06:49.060><c> collaborate</c><00:06:49.330><c> with</c>

00:06:49.650 --> 00:06:49.660 align:start position:0%
they actually need to collaborate with
 

00:06:49.660 --> 00:06:51.990 align:start position:0%
they actually need to collaborate with
their<00:06:50.140><c> competitor</c><00:06:50.860><c> so</c><00:06:51.190><c> many</c><00:06:51.490><c> CEOs</c>

00:06:51.990 --> 00:06:52.000 align:start position:0%
their competitor so many CEOs
 

00:06:52.000 --> 00:06:53.880 align:start position:0%
their competitor so many CEOs
organizations<00:06:52.900><c> are</c><00:06:53.080><c> starting</c><00:06:53.350><c> to</c><00:06:53.710><c> really</c>

00:06:53.880 --> 00:06:53.890 align:start position:0%
organizations are starting to really
 

00:06:53.890 --> 00:06:57.240 align:start position:0%
organizations are starting to really
realize<00:06:54.400><c> that</c><00:06:55.410><c> but</c><00:06:56.410><c> then</c><00:06:56.620><c> that</c><00:06:56.860><c> is</c><00:06:57.040><c> where</c>

00:06:57.240 --> 00:06:57.250 align:start position:0%
realize that but then that is where
 

00:06:57.250 --> 00:06:58.920 align:start position:0%
realize that but then that is where
things<00:06:57.520><c> starts</c><00:06:57.970><c> to</c><00:06:58.090><c> get</c><00:06:58.210><c> really</c><00:06:58.390><c> difficult</c>

00:06:58.920 --> 00:06:58.930 align:start position:0%
things starts to get really difficult
 

00:06:58.930 --> 00:07:00.510 align:start position:0%
things starts to get really difficult
and<00:06:59.050><c> that's</c><00:06:59.230><c> where</c><00:06:59.440><c> we</c><00:06:59.560><c> see</c><00:06:59.800><c> a</c><00:06:59.830><c> lot</c><00:07:00.220><c> of</c><00:07:00.250><c> the</c>

00:07:00.510 --> 00:07:00.520 align:start position:0%
and that's where we see a lot of the
 

00:07:00.520 --> 00:07:02.970 align:start position:0%
and that's where we see a lot of the
industry<00:07:00.790><c> F</c><00:07:01.060><c> is</c><00:07:01.210><c> falling</c><00:07:01.600><c> over</c><00:07:01.780><c> its</c><00:07:02.440><c> in</c><00:07:02.680><c> in</c>

00:07:02.970 --> 00:07:02.980 align:start position:0%
industry F is falling over its in in
 

00:07:02.980 --> 00:07:05.850 align:start position:0%
industry F is falling over its in in
those<00:07:03.600><c> competitors</c><00:07:04.600><c> coming</c><00:07:04.930><c> together</c><00:07:05.170><c> you</c>

00:07:05.850 --> 00:07:05.860 align:start position:0%
those competitors coming together you
 

00:07:05.860 --> 00:07:07.680 align:start position:0%
those competitors coming together you
know<00:07:05.920><c> many</c><00:07:06.160><c> of</c><00:07:06.310><c> them</c><00:07:06.490><c> have</c><00:07:06.670><c> never</c><00:07:06.910><c> built</c><00:07:07.450><c> a</c>

00:07:07.680 --> 00:07:07.690 align:start position:0%
know many of them have never built a
 

00:07:07.690 --> 00:07:11.820 align:start position:0%
know many of them have never built a
system<00:07:07.900><c> together</c><00:07:08.440><c> to</c><00:07:09.250><c> then</c><00:07:09.460><c> try</c><00:07:09.940><c> and</c><00:07:10.830><c> build</c>

00:07:11.820 --> 00:07:11.830 align:start position:0%
system together to then try and build
 

00:07:11.830 --> 00:07:13.110 align:start position:0%
system together to then try and build
something<00:07:12.280><c> that's</c><00:07:12.430><c> sustainable</c><00:07:12.820><c> and</c>

00:07:13.110 --> 00:07:13.120 align:start position:0%
something that's sustainable and
 

00:07:13.120 --> 00:07:14.700 align:start position:0%
something that's sustainable and
scalable<00:07:13.720><c> they</c><00:07:13.930><c> really</c><00:07:14.230><c> struggling</c><00:07:14.650><c> with</c>

00:07:14.700 --> 00:07:14.710 align:start position:0%
scalable they really struggling with
 

00:07:14.710 --> 00:07:18.780 align:start position:0%
scalable they really struggling with
that<00:07:16.050><c> you</c><00:07:17.050><c> all</c><00:07:17.230><c> know</c><00:07:17.470><c> why</c><00:07:17.860><c> they</c><00:07:18.310><c> need</c><00:07:18.490><c> to</c><00:07:18.520><c> cook</c>

00:07:18.780 --> 00:07:18.790 align:start position:0%
that you all know why they need to cook
 

00:07:18.790 --> 00:07:20.880 align:start position:0%
that you all know why they need to cook
we<00:07:19.120><c> need</c><00:07:19.270><c> to</c><00:07:19.360><c> collaborate</c><00:07:19.600><c> with</c><00:07:20.110><c> distributed</c>

00:07:20.880 --> 00:07:20.890 align:start position:0%
we need to collaborate with distributed
 

00:07:20.890 --> 00:07:24.690 align:start position:0%
we need to collaborate with distributed
latest<00:07:21.280><c> technology</c><00:07:23.430><c> blockchain</c><00:07:24.430><c> is</c><00:07:24.580><c> the</c>

00:07:24.690 --> 00:07:24.700 align:start position:0%
latest technology blockchain is the
 

00:07:24.700 --> 00:07:27.780 align:start position:0%
latest technology blockchain is the
ultimate<00:07:25.300><c> Network</c><00:07:26.230><c> technology</c><00:07:27.040><c> it's</c><00:07:27.520><c> the</c>

00:07:27.780 --> 00:07:27.790 align:start position:0%
ultimate Network technology it's the
 

00:07:27.790 --> 00:07:30.360 align:start position:0%
ultimate Network technology it's the
peer-to-peer<00:07:28.240><c> nature</c><00:07:29.200><c> around</c><00:07:29.590><c> shared</c>

00:07:30.360 --> 00:07:30.370 align:start position:0%
peer-to-peer nature around shared
 

00:07:30.370 --> 00:07:32.150 align:start position:0%
peer-to-peer nature around shared
distributed<00:07:31.030><c> nature's</c><00:07:31.390><c> you</c><00:07:31.630><c> need</c><00:07:31.870><c> to</c>

00:07:32.150 --> 00:07:32.160 align:start position:0%
distributed nature's you need to
 

00:07:32.160 --> 00:07:34.890 align:start position:0%
distributed nature's you need to
collaborate<00:07:33.160><c> again</c><00:07:33.750><c> organizations</c><00:07:34.750><c> are</c>

00:07:34.890 --> 00:07:34.900 align:start position:0%
collaborate again organizations are
 

00:07:34.900 --> 00:07:37.830 align:start position:0%
collaborate again organizations are
starting<00:07:35.169><c> to</c><00:07:35.740><c> realize</c><00:07:36.130><c> that</c><00:07:36.540><c> you</c><00:07:37.540><c> need</c><00:07:37.690><c> to</c>

00:07:37.830 --> 00:07:37.840 align:start position:0%
starting to realize that you need to
 

00:07:37.840 --> 00:07:39.990 align:start position:0%
starting to realize that you need to
work<00:07:37.990><c> together</c><00:07:38.200><c> on</c><00:07:38.560><c> standards</c><00:07:39.280><c> you</c><00:07:39.760><c> need</c><00:07:39.880><c> to</c>

00:07:39.990 --> 00:07:40.000 align:start position:0%
work together on standards you need to
 

00:07:40.000 --> 00:07:42.600 align:start position:0%
work together on standards you need to
work<00:07:40.180><c> together</c><00:07:40.419><c> for</c><00:07:40.780><c> interoperability</c><00:07:41.410><c> a</c><00:07:41.950><c> lot</c>

00:07:42.600 --> 00:07:42.610 align:start position:0%
work together for interoperability a lot
 

00:07:42.610 --> 00:07:44.760 align:start position:0%
work together for interoperability a lot
of<00:07:42.730><c> these</c><00:07:42.880><c> enterprises</c><00:07:43.330><c> we</c><00:07:43.990><c> see</c><00:07:44.260><c> are</c><00:07:44.380><c> doing</c><00:07:44.650><c> it</c>

00:07:44.760 --> 00:07:44.770 align:start position:0%
of these enterprises we see are doing it
 

00:07:44.770 --> 00:07:46.290 align:start position:0%
of these enterprises we see are doing it
because<00:07:44.860><c> they</c><00:07:45.040><c> want</c><00:07:45.160><c> to</c><00:07:45.340><c> share</c><00:07:45.610><c> research</c><00:07:46.060><c> and</c>

00:07:46.290 --> 00:07:46.300 align:start position:0%
because they want to share research and
 

00:07:46.300 --> 00:07:48.450 align:start position:0%
because they want to share research and
development<00:07:46.840><c> they</c><00:07:47.380><c> continue</c><00:07:47.950><c> doing</c><00:07:48.280><c> their</c>

00:07:48.450 --> 00:07:48.460 align:start position:0%
development they continue doing their
 

00:07:48.460 --> 00:07:50.370 align:start position:0%
development they continue doing their
own<00:07:48.490><c> research</c><00:07:48.970><c> and</c><00:07:49.419><c> development</c><00:07:49.960><c> in-house</c>

00:07:50.370 --> 00:07:50.380 align:start position:0%
own research and development in-house
 

00:07:50.380 --> 00:07:54.510 align:start position:0%
own research and development in-house
but<00:07:51.160><c> they</c><00:07:51.280><c> also</c><00:07:51.490><c> then</c><00:07:52.229><c> share</c><00:07:53.229><c> cost</c><00:07:53.620><c> joint</c>

00:07:54.510 --> 00:07:54.520 align:start position:0%
but they also then share cost joint
 

00:07:54.520 --> 00:07:57.330 align:start position:0%
but they also then share cost joint
resources<00:07:55.300><c> to</c><00:07:55.990><c> do</c><00:07:56.169><c> further</c><00:07:56.440><c> research</c><00:07:56.770><c> and</c>

00:07:57.330 --> 00:07:57.340 align:start position:0%
resources to do further research and
 

00:07:57.340 --> 00:07:59.340 align:start position:0%
resources to do further research and
development<00:07:57.850><c> as</c><00:07:57.970><c> part</c><00:07:58.030><c> of</c><00:07:58.390><c> these</c><00:07:58.570><c> blockchain</c>

00:07:59.340 --> 00:07:59.350 align:start position:0%
development as part of these blockchain
 

00:07:59.350 --> 00:08:02.969 align:start position:0%
development as part of these blockchain
consortiums<00:08:00.870><c> it</c><00:08:01.870><c> also</c><00:08:02.200><c> helped</c><00:08:02.620><c> them</c><00:08:02.770><c> to</c>

00:08:02.969 --> 00:08:02.979 align:start position:0%
consortiums it also helped them to
 

00:08:02.979 --> 00:08:05.190 align:start position:0%
consortiums it also helped them to
reduce<00:08:03.100><c> time</c><00:08:03.550><c> to</c><00:08:03.729><c> market</c><00:08:04.180><c> gain</c><00:08:04.540><c> intelligence</c>

00:08:05.190 --> 00:08:05.200 align:start position:0%
reduce time to market gain intelligence
 

00:08:05.200 --> 00:08:09.900 align:start position:0%
reduce time to market gain intelligence
and<00:08:05.380><c> other</c><00:08:05.470><c> things</c><00:08:07.770><c> so</c><00:08:08.770><c> in</c><00:08:09.130><c> working</c><00:08:09.580><c> with</c>

00:08:09.900 --> 00:08:09.910 align:start position:0%
and other things so in working with
 

00:08:09.910 --> 00:08:12.030 align:start position:0%
and other things so in working with
these<00:08:10.630><c> consortiums</c><00:08:11.050><c> in</c><00:08:11.470><c> the</c><00:08:11.530><c> last</c><00:08:11.710><c> viewers</c>

00:08:12.030 --> 00:08:12.040 align:start position:0%
these consortiums in the last viewers
 

00:08:12.040 --> 00:08:13.530 align:start position:0%
these consortiums in the last viewers
what<00:08:12.340><c> does</c><00:08:12.490><c> the</c><00:08:12.610><c> World</c><00:08:12.790><c> Economic</c><00:08:12.940><c> Forum's</c>

00:08:13.530 --> 00:08:13.540 align:start position:0%
what does the World Economic Forum's
 

00:08:13.540 --> 00:08:17.719 align:start position:0%
what does the World Economic Forum's
scene<00:08:13.810><c> is</c><00:08:14.020><c> the</c><00:08:14.169><c> three</c><00:08:14.430><c> biggest</c><00:08:15.430><c> barriers</c><00:08:16.350><c> I'm</c>

00:08:17.719 --> 00:08:17.729 align:start position:0%
scene is the three biggest barriers I'm
 

00:08:17.729 --> 00:08:20.190 align:start position:0%
scene is the three biggest barriers I'm
gonna<00:08:18.729><c> give</c><00:08:18.940><c> you</c><00:08:19.030><c> three</c><00:08:19.240><c> very</c><00:08:19.600><c> practical</c>

00:08:20.190 --> 00:08:20.200 align:start position:0%
gonna give you three very practical
 

00:08:20.200 --> 00:08:23.790 align:start position:0%
gonna give you three very practical
things<00:08:20.470><c> that</c><00:08:21.419><c> we</c><00:08:22.419><c> need</c><00:08:22.600><c> to</c><00:08:22.750><c> work</c><00:08:22.960><c> on</c><00:08:23.229><c> if</c><00:08:23.440><c> we</c>

00:08:23.790 --> 00:08:23.800 align:start position:0%
things that we need to work on if we
 

00:08:23.800 --> 00:08:27.030 align:start position:0%
things that we need to work on if we
want<00:08:24.010><c> to</c><00:08:24.130><c> see</c><00:08:24.340><c> enterprise</c><00:08:25.020><c> development</c><00:08:26.020><c> if</c><00:08:26.530><c> we</c>

00:08:27.030 --> 00:08:27.040 align:start position:0%
want to see enterprise development if we
 

00:08:27.040 --> 00:08:30.659 align:start position:0%
want to see enterprise development if we
want<00:08:27.250><c> to</c><00:08:27.370><c> see</c><00:08:28.080><c> the</c><00:08:29.080><c> potential</c><00:08:29.800><c> truly</c><00:08:30.460><c> being</c>

00:08:30.659 --> 00:08:30.669 align:start position:0%
want to see the potential truly being
 

00:08:30.669 --> 00:08:34.050 align:start position:0%
want to see the potential truly being
unlocked<00:08:31.000><c> of</c><00:08:31.300><c> what</c><00:08:32.099><c> this</c><00:08:33.099><c> technology</c><00:08:33.280><c> has</c><00:08:33.909><c> to</c>

00:08:34.050 --> 00:08:34.060 align:start position:0%
unlocked of what this technology has to
 

00:08:34.060 --> 00:08:36.959 align:start position:0%
unlocked of what this technology has to
offer<00:08:34.210><c> these</c><00:08:34.630><c> are</c><00:08:34.780><c> things</c><00:08:35.080><c> that</c><00:08:35.550><c> needs</c><00:08:36.550><c> deeper</c>

00:08:36.959 --> 00:08:36.969 align:start position:0%
offer these are things that needs deeper
 

00:08:36.969 --> 00:08:41.120 align:start position:0%
offer these are things that needs deeper
collaboration<00:08:37.930><c> across</c><00:08:38.260><c> all</c><00:08:38.650><c> parties</c><00:08:39.310><c> the</c>

00:08:41.120 --> 00:08:41.130 align:start position:0%
collaboration across all parties the
 

00:08:41.130 --> 00:08:44.670 align:start position:0%
collaboration across all parties the
three<00:08:42.130><c> things</c><00:08:42.490><c> the</c><00:08:43.089><c> first</c><00:08:43.270><c> one</c><00:08:43.479><c> is</c><00:08:43.839><c> and</c><00:08:44.350><c> again</c>

00:08:44.670 --> 00:08:44.680 align:start position:0%
three things the first one is and again
 

00:08:44.680 --> 00:08:47.130 align:start position:0%
three things the first one is and again
I<00:08:44.920><c> just</c><00:08:45.160><c> wanna</c><00:08:45.339><c> some</c><00:08:46.180><c> of</c><00:08:46.300><c> this</c><00:08:46.420><c> was</c><00:08:46.660><c> not</c><00:08:46.810><c> new</c><00:08:47.110><c> I</c>

00:08:47.130 --> 00:08:47.140 align:start position:0%
I just wanna some of this was not new I
 

00:08:47.140 --> 00:08:48.750 align:start position:0%
I just wanna some of this was not new I
could<00:08:47.500><c> have</c><00:08:47.589><c> told</c><00:08:47.860><c> you</c><00:08:47.980><c> this</c><00:08:48.130><c> maybe</c><00:08:48.370><c> a</c><00:08:48.520><c> year</c>

00:08:48.750 --> 00:08:48.760 align:start position:0%
could have told you this maybe a year
 

00:08:48.760 --> 00:08:51.329 align:start position:0%
could have told you this maybe a year
and<00:08:48.880><c> a</c><00:08:48.940><c> half</c><00:08:49.120><c> two</c><00:08:49.450><c> years</c><00:08:49.480><c> ago</c><00:08:50.050><c> but</c><00:08:50.860><c> actually</c>

00:08:51.329 --> 00:08:51.339 align:start position:0%
and a half two years ago but actually
 

00:08:51.339 --> 00:08:54.240 align:start position:0%
and a half two years ago but actually
having<00:08:51.700><c> lived</c><00:08:51.970><c> through</c><00:08:52.330><c> it</c><00:08:52.500><c> all</c><00:08:53.500><c> the</c><00:08:53.740><c> way</c><00:08:53.860><c> from</c>

00:08:54.240 --> 00:08:54.250 align:start position:0%
having lived through it all the way from
 

00:08:54.250 --> 00:08:54.590 align:start position:0%
having lived through it all the way from
fine

00:08:54.590 --> 00:08:54.600 align:start position:0%
fine
 

00:08:54.600 --> 00:08:57.710 align:start position:0%
fine
and<00:08:54.720><c> so</c><00:08:54.990><c> consortiums</c><00:08:55.680><c> through</c><00:08:56.160><c> to</c><00:08:56.720><c> provenance</c>

00:08:57.710 --> 00:08:57.720 align:start position:0%
and so consortiums through to provenance
 

00:08:57.720 --> 00:09:01.009 align:start position:0%
and so consortiums through to provenance
of<00:08:58.019><c> agriculture</c><00:08:58.980><c> coffee</c><00:08:59.699><c> mining</c><00:09:00.540><c> and</c><00:09:00.660><c> metals</c>

00:09:01.009 --> 00:09:01.019 align:start position:0%
of agriculture coffee mining and metals
 

00:09:01.019 --> 00:09:03.470 align:start position:0%
of agriculture coffee mining and metals
through<00:09:01.829><c> to</c><00:09:02.130><c> insurance</c><00:09:02.850><c> through</c><00:09:03.149><c> to</c><00:09:03.329><c> move</c>

00:09:03.470 --> 00:09:03.480 align:start position:0%
through to insurance through to move
 

00:09:03.480 --> 00:09:05.090 align:start position:0%
through to insurance through to move
oolitic<00:09:03.899><c> consortiums</c><00:09:04.529><c> that</c><00:09:04.829><c> we</c><00:09:04.949><c> were</c>

00:09:05.090 --> 00:09:05.100 align:start position:0%
oolitic consortiums that we were
 

00:09:05.100 --> 00:09:06.829 align:start position:0%
oolitic consortiums that we were
involved<00:09:05.639><c> with</c><00:09:05.790><c> and</c><00:09:05.970><c> that</c><00:09:06.060><c> we</c><00:09:06.180><c> got</c><00:09:06.329><c> very</c><00:09:06.630><c> deep</c>

00:09:06.829 --> 00:09:06.839 align:start position:0%
involved with and that we got very deep
 

00:09:06.839 --> 00:09:10.309 align:start position:0%
involved with and that we got very deep
insights<00:09:07.730><c> these</c><00:09:08.730><c> three</c><00:09:09.089><c> things</c><00:09:09.420><c> comes</c><00:09:10.110><c> up</c>

00:09:10.309 --> 00:09:10.319 align:start position:0%
insights these three things comes up
 

00:09:10.319 --> 00:09:13.790 align:start position:0%
insights these three things comes up
time<00:09:10.709><c> and</c><00:09:10.769><c> time</c><00:09:11.069><c> again</c><00:09:11.100><c> its</c><00:09:12.029><c> stalls</c><00:09:12.800><c> hampers</c>

00:09:13.790 --> 00:09:13.800 align:start position:0%
time and time again its stalls hampers
 

00:09:13.800 --> 00:09:18.050 align:start position:0%
time and time again its stalls hampers
delay<00:09:14.779><c> stole</c><00:09:15.779><c> delay</c><00:09:16.139><c> and</c><00:09:17.100><c> actually</c><00:09:17.910><c> many</c>

00:09:18.050 --> 00:09:18.060 align:start position:0%
delay stole delay and actually many
 

00:09:18.060 --> 00:09:21.290 align:start position:0%
delay stole delay and actually many
times<00:09:18.560><c> don't</c><00:09:19.560><c> allow</c><00:09:20.100><c> the</c><00:09:20.670><c> consortium</c><00:09:21.269><c> the</c>

00:09:21.290 --> 00:09:21.300 align:start position:0%
times don't allow the consortium the
 

00:09:21.300 --> 00:09:24.079 align:start position:0%
times don't allow the consortium the
enterprise<00:09:21.959><c> efforts</c><00:09:22.410><c> to</c><00:09:22.620><c> move</c><00:09:22.860><c> forward</c><00:09:23.160><c> so</c>

00:09:24.079 --> 00:09:24.089 align:start position:0%
enterprise efforts to move forward so
 

00:09:24.089 --> 00:09:25.670 align:start position:0%
enterprise efforts to move forward so
these<00:09:24.240><c> are</c><00:09:24.480><c> things</c><00:09:24.720><c> that</c><00:09:24.810><c> that</c><00:09:25.139><c> needs</c><00:09:25.380><c> to</c><00:09:25.500><c> get</c>

00:09:25.670 --> 00:09:25.680 align:start position:0%
these are things that that needs to get
 

00:09:25.680 --> 00:09:27.860 align:start position:0%
these are things that that needs to get
worked<00:09:25.949><c> on</c><00:09:26.160><c> the</c><00:09:26.790><c> first</c><00:09:27.029><c> one</c><00:09:27.389><c> and</c><00:09:27.420><c> I'll</c><00:09:27.690><c> go</c>

00:09:27.860 --> 00:09:27.870 align:start position:0%
worked on the first one and I'll go
 

00:09:27.870 --> 00:09:30.610 align:start position:0%
worked on the first one and I'll go
through<00:09:28.199><c> each</c><00:09:28.440><c> of</c><00:09:28.680><c> them</c><00:09:28.970><c> the</c><00:09:29.970><c> first</c><00:09:30.180><c> one</c>

00:09:30.610 --> 00:09:30.620 align:start position:0%
through each of them the first one
 

00:09:30.620 --> 00:09:34.790 align:start position:0%
through each of them the first one
ecosystem<00:09:31.620><c> white</c><00:09:32.370><c> the</c><00:09:33.149><c> fact</c><00:09:33.360><c> that</c><00:09:33.720><c> this</c><00:09:34.589><c> is</c>

00:09:34.790 --> 00:09:34.800 align:start position:0%
ecosystem white the fact that this is
 

00:09:34.800 --> 00:09:40.100 align:start position:0%
ecosystem white the fact that this is
distributed<00:09:36.230><c> network</c><00:09:37.230><c> technology</c><00:09:39.110><c> thinking</c>

00:09:40.100 --> 00:09:40.110 align:start position:0%
distributed network technology thinking
 

00:09:40.110 --> 00:09:41.780 align:start position:0%
distributed network technology thinking
about<00:09:40.350><c> your</c><00:09:40.589><c> return</c><00:09:40.889><c> on</c><00:09:40.920><c> investment</c><00:09:41.160><c> thinking</c>

00:09:41.780 --> 00:09:41.790 align:start position:0%
about your return on investment thinking
 

00:09:41.790 --> 00:09:44.870 align:start position:0%
about your return on investment thinking
about<00:09:42.089><c> value</c><00:09:42.569><c> from</c><00:09:42.750><c> an</c><00:09:42.870><c> enterprise</c><00:09:43.880><c> ecosystem</c>

00:09:44.870 --> 00:09:44.880 align:start position:0%
about value from an enterprise ecosystem
 

00:09:44.880 --> 00:09:48.470 align:start position:0%
about value from an enterprise ecosystem
level<00:09:45.149><c> is</c><00:09:45.240><c> necessary</c><00:09:45.980><c> the</c><00:09:46.980><c> second</c><00:09:47.399><c> one</c><00:09:47.610><c> the</c>

00:09:48.470 --> 00:09:48.480 align:start position:0%
level is necessary the second one the
 

00:09:48.480 --> 00:09:51.470 align:start position:0%
level is necessary the second one the
focus<00:09:48.750><c> on</c><00:09:49.430><c> immediate</c><00:09:50.430><c> proof-of-concept</c>

00:09:51.470 --> 00:09:51.480 align:start position:0%
focus on immediate proof-of-concept
 

00:09:51.480 --> 00:09:53.749 align:start position:0%
focus on immediate proof-of-concept
and<00:09:51.569><c> long-term</c><00:09:52.079><c> value</c><00:09:52.410><c> the</c><00:09:53.130><c> tension</c><00:09:53.639><c> that</c>

00:09:53.749 --> 00:09:53.759 align:start position:0%
and long-term value the tension that
 

00:09:53.759 --> 00:09:56.749 align:start position:0%
and long-term value the tension that
exists<00:09:54.300><c> between</c><00:09:54.420><c> that</c><00:09:54.930><c> and</c><00:09:55.199><c> in</c><00:09:56.100><c> lost</c><00:09:56.399><c> sleep</c>

00:09:56.749 --> 00:09:56.759 align:start position:0%
exists between that and in lost sleep
 

00:09:56.759 --> 00:09:59.329 align:start position:0%
exists between that and in lost sleep
how<00:09:57.300><c> to</c><00:09:57.360><c> get</c><00:09:57.839><c> to</c><00:09:58.019><c> fair</c><00:09:58.380><c> inclusive</c><00:09:59.189><c> and</c>

00:09:59.329 --> 00:09:59.339 align:start position:0%
how to get to fair inclusive and
 

00:09:59.339 --> 00:10:01.249 align:start position:0%
how to get to fair inclusive and
well-designed<00:09:59.819><c> governance</c><00:10:00.420><c> of</c><00:10:00.630><c> that</c><00:10:00.689><c> block</c>

00:10:01.249 --> 00:10:01.259 align:start position:0%
well-designed governance of that block
 

00:10:01.259 --> 00:10:04.970 align:start position:0%
well-designed governance of that block
chain<00:10:01.470><c> consortium</c><00:10:02.689><c> okay</c><00:10:03.689><c> I'll</c><00:10:03.959><c> go</c><00:10:04.589><c> into</c><00:10:04.860><c> the</c>

00:10:04.970 --> 00:10:04.980 align:start position:0%
chain consortium okay I'll go into the
 

00:10:04.980 --> 00:10:08.870 align:start position:0%
chain consortium okay I'll go into the
first<00:10:05.220><c> one</c><00:10:06.319><c> ecosystem</c><00:10:07.319><c> wide</c><00:10:08.009><c> return</c><00:10:08.730><c> on</c>

00:10:08.870 --> 00:10:08.880 align:start position:0%
first one ecosystem wide return on
 

00:10:08.880 --> 00:10:10.699 align:start position:0%
first one ecosystem wide return on
invested<00:10:09.420><c> versus</c><00:10:10.110><c> the</c><00:10:10.199><c> individual</c>

00:10:10.699 --> 00:10:10.709 align:start position:0%
invested versus the individual
 

00:10:10.709 --> 00:10:15.499 align:start position:0%
invested versus the individual
organization<00:10:13.100><c> to</c><00:10:14.100><c> deploy</c><00:10:14.490><c> distributed</c><00:10:15.389><c> Lea</c>

00:10:15.499 --> 00:10:15.509 align:start position:0%
organization to deploy distributed Lea
 

00:10:15.509 --> 00:10:17.329 align:start position:0%
organization to deploy distributed Lea
to<00:10:15.660><c> technology</c><00:10:16.199><c> in</c><00:10:16.290><c> a</c><00:10:16.350><c> way</c><00:10:16.380><c> where</c><00:10:16.829><c> you</c><00:10:16.920><c> truly</c>

00:10:17.329 --> 00:10:17.339 align:start position:0%
to technology in a way where you truly
 

00:10:17.339 --> 00:10:20.030 align:start position:0%
to technology in a way where you truly
gonna<00:10:17.490><c> get</c><00:10:17.730><c> the</c><00:10:17.880><c> benefit</c><00:10:18.420><c> businesses</c><00:10:19.110><c> need</c><00:10:19.829><c> to</c>

00:10:20.030 --> 00:10:20.040 align:start position:0%
gonna get the benefit businesses need to
 

00:10:20.040 --> 00:10:23.269 align:start position:0%
gonna get the benefit businesses need to
change<00:10:20.310><c> their</c><00:10:20.579><c> mindset</c><00:10:21.199><c> the</c><00:10:22.199><c> traditional</c><00:10:23.009><c> way</c>

00:10:23.269 --> 00:10:23.279 align:start position:0%
change their mindset the traditional way
 

00:10:23.279 --> 00:10:26.480 align:start position:0%
change their mindset the traditional way
for<00:10:23.730><c> of</c><00:10:23.910><c> organizations</c><00:10:25.250><c> thinking</c><00:10:26.250><c> about</c>

00:10:26.480 --> 00:10:26.490 align:start position:0%
for of organizations thinking about
 

00:10:26.490 --> 00:10:29.600 align:start position:0%
for of organizations thinking about
maximum<00:10:27.350><c> maximizing</c><00:10:28.350><c> profit</c><00:10:29.250><c> within</c><00:10:29.459><c> their</c>

00:10:29.600 --> 00:10:29.610 align:start position:0%
maximum maximizing profit within their
 

00:10:29.610 --> 00:10:32.420 align:start position:0%
maximum maximizing profit within their
own<00:10:29.759><c> boundaries</c><00:10:30.569><c> does</c><00:10:31.290><c> not</c><00:10:31.649><c> work</c><00:10:31.949><c> within</c><00:10:32.250><c> the</c>

00:10:32.420 --> 00:10:32.430 align:start position:0%
own boundaries does not work within the
 

00:10:32.430 --> 00:10:35.840 align:start position:0%
own boundaries does not work within the
consortium<00:10:33.410><c> set</c><00:10:34.410><c> up</c><00:10:34.649><c> if</c><00:10:34.860><c> you</c><00:10:35.009><c> want</c><00:10:35.339><c> to</c><00:10:35.550><c> truly</c>

00:10:35.840 --> 00:10:35.850 align:start position:0%
consortium set up if you want to truly
 

00:10:35.850 --> 00:10:40.540 align:start position:0%
consortium set up if you want to truly
unlock<00:10:36.420><c> the</c><00:10:36.600><c> potential</c><00:10:36.959><c> of</c><00:10:37.459><c> the</c><00:10:38.459><c> technology</c>

00:10:40.540 --> 00:10:40.550 align:start position:0%
 
 

00:10:40.550 --> 00:10:42.920 align:start position:0%
 
organizations<00:10:41.550><c> do</c><00:10:42.029><c> not</c><00:10:42.060><c> know</c><00:10:42.420><c> that</c><00:10:42.689><c> they're</c>

00:10:42.920 --> 00:10:42.930 align:start position:0%
organizations do not know that they're
 

00:10:42.930 --> 00:10:44.600 align:start position:0%
organizations do not know that they're
not<00:10:42.959><c> familiar</c><00:10:43.230><c> with</c><00:10:43.620><c> that</c><00:10:43.680><c> it's</c><00:10:44.160><c> a</c><00:10:44.339><c> big</c>

00:10:44.600 --> 00:10:44.610 align:start position:0%
not familiar with that it's a big
 

00:10:44.610 --> 00:10:47.480 align:start position:0%
not familiar with that it's a big
mindset<00:10:45.389><c> change</c><00:10:45.750><c> so</c><00:10:46.620><c> going</c><00:10:47.040><c> through</c><00:10:47.310><c> these</c>

00:10:47.480 --> 00:10:47.490 align:start position:0%
mindset change so going through these
 

00:10:47.490 --> 00:10:51.249 align:start position:0%
mindset change so going through these
consortium<00:10:48.149><c> formations</c><00:10:49.430><c> we've</c><00:10:50.430><c> observed</c>

00:10:51.249 --> 00:10:51.259 align:start position:0%
consortium formations we've observed
 

00:10:51.259 --> 00:10:53.840 align:start position:0%
consortium formations we've observed
decisions<00:10:52.259><c> made</c><00:10:52.709><c> in</c><00:10:53.130><c> building</c><00:10:53.550><c> the</c>

00:10:53.840 --> 00:10:53.850 align:start position:0%
decisions made in building the
 

00:10:53.850 --> 00:10:55.610 align:start position:0%
decisions made in building the
technology<00:10:54.480><c> in</c><00:10:54.569><c> setting</c><00:10:54.899><c> up</c><00:10:54.990><c> the</c><00:10:55.139><c> governance</c>

00:10:55.610 --> 00:10:55.620 align:start position:0%
technology in setting up the governance
 

00:10:55.620 --> 00:10:59.269 align:start position:0%
technology in setting up the governance
that<00:10:56.399><c> has</c><00:10:57.029><c> led</c><00:10:57.420><c> to</c><00:10:57.779><c> sub</c><00:10:58.079><c> optimal</c><00:10:58.589><c> optimal</c>

00:10:59.269 --> 00:10:59.279 align:start position:0%
that has led to sub optimal optimal
 

00:10:59.279 --> 00:11:02.569 align:start position:0%
that has led to sub optimal optimal
results<00:10:59.970><c> because</c><00:11:00.839><c> each</c><00:11:01.350><c> organization</c><00:11:02.310><c> are</c>

00:11:02.569 --> 00:11:02.579 align:start position:0%
results because each organization are
 

00:11:02.579 --> 00:11:05.160 align:start position:0%
results because each organization are
only<00:11:03.180><c> thinking</c><00:11:03.660><c> about</c><00:11:03.870><c> their</c>

00:11:05.160 --> 00:11:05.170 align:start position:0%
only thinking about their
 

00:11:05.170 --> 00:11:07.350 align:start position:0%
only thinking about their
value<00:11:05.950><c> drivers</c><00:11:06.370><c> their</c><00:11:06.580><c> own</c><00:11:06.790><c> return</c><00:11:07.180><c> of</c>

00:11:07.350 --> 00:11:07.360 align:start position:0%
value drivers their own return of
 

00:11:07.360 --> 00:11:10.710 align:start position:0%
value drivers their own return of
investment<00:11:07.510><c> but</c><00:11:08.470><c> if</c><00:11:08.590><c> you</c><00:11:08.770><c> are</c><00:11:09.420><c> building</c><00:11:10.420><c> a</c>

00:11:10.710 --> 00:11:10.720 align:start position:0%
investment but if you are building a
 

00:11:10.720 --> 00:11:12.510 align:start position:0%
investment but if you are building a
solution<00:11:11.320><c> for</c><00:11:11.470><c> an</c><00:11:11.590><c> ecosystem</c><00:11:12.070><c> if</c><00:11:12.400><c> you´d</c>

00:11:12.510 --> 00:11:12.520 align:start position:0%
solution for an ecosystem if you´d
 

00:11:12.520 --> 00:11:15.769 align:start position:0%
solution for an ecosystem if you´d
building<00:11:13.029><c> a</c><00:11:13.120><c> solution</c><00:11:13.890><c> that's</c><00:11:14.890><c> distributed</c>

00:11:15.769 --> 00:11:15.779 align:start position:0%
building a solution that's distributed
 

00:11:15.779 --> 00:11:18.210 align:start position:0%
building a solution that's distributed
it<00:11:16.779><c> doesn't</c><00:11:17.230><c> make</c><00:11:17.350><c> sense</c><00:11:17.380><c> you</c><00:11:17.710><c> can't</c><00:11:17.950><c> think</c>

00:11:18.210 --> 00:11:18.220 align:start position:0%
it doesn't make sense you can't think
 

00:11:18.220 --> 00:11:19.800 align:start position:0%
it doesn't make sense you can't think
about<00:11:18.310><c> your</c><00:11:18.580><c> own</c><00:11:18.760><c> ROI</c><00:11:19.060><c> you</c><00:11:19.180><c> need</c><00:11:19.450><c> to</c><00:11:19.570><c> think</c>

00:11:19.800 --> 00:11:19.810 align:start position:0%
about your own ROI you need to think
 

00:11:19.810 --> 00:11:24.750 align:start position:0%
about your own ROI you need to think
about<00:11:19.930><c> the</c><00:11:20.339><c> ecosystems</c><00:11:21.420><c> value</c><00:11:23.339><c> in</c><00:11:24.339><c> the</c>

00:11:24.750 --> 00:11:24.760 align:start position:0%
about the ecosystems value in the
 

00:11:24.760 --> 00:11:27.450 align:start position:0%
about the ecosystems value in the
traditional<00:11:25.360><c> world</c><00:11:25.630><c> these</c><00:11:26.260><c> enterprises</c><00:11:27.160><c> had</c>

00:11:27.450 --> 00:11:27.460 align:start position:0%
traditional world these enterprises had
 

00:11:27.460 --> 00:11:29.010 align:start position:0%
traditional world these enterprises had
to<00:11:27.670><c> think</c><00:11:27.910><c> about</c><00:11:28.120><c> three</c><00:11:28.270><c> things</c><00:11:28.360><c> they're</c><00:11:28.810><c> to</c>

00:11:29.010 --> 00:11:29.020 align:start position:0%
to think about three things they're to
 

00:11:29.020 --> 00:11:31.640 align:start position:0%
to think about three things they're to
think<00:11:29.200><c> about</c><00:11:29.410><c> customer</c><00:11:29.980><c> desirability</c>

00:11:31.640 --> 00:11:31.650 align:start position:0%
think about customer desirability
 

00:11:31.650 --> 00:11:35.370 align:start position:0%
think about customer desirability
technical<00:11:32.650><c> feasibility</c><00:11:32.860><c> and</c><00:11:34.110><c> the</c><00:11:35.110><c> viability</c>

00:11:35.370 --> 00:11:35.380 align:start position:0%
technical feasibility and the viability
 

00:11:35.380 --> 00:11:39.870 align:start position:0%
technical feasibility and the viability
the<00:11:36.130><c> business</c><00:11:36.730><c> viability</c><00:11:37.980><c> with</c><00:11:38.980><c> the</c>

00:11:39.870 --> 00:11:39.880 align:start position:0%
the business viability with the
 

00:11:39.880 --> 00:11:41.190 align:start position:0%
the business viability with the
distributed<00:11:40.480><c> nature</c><00:11:40.720><c> technology</c>

00:11:41.190 --> 00:11:41.200 align:start position:0%
distributed nature technology
 

00:11:41.200 --> 00:11:43.980 align:start position:0%
distributed nature technology
implementation<00:11:42.100><c> these</c><00:11:42.580><c> organizations</c><00:11:43.390><c> also</c>

00:11:43.980 --> 00:11:43.990 align:start position:0%
implementation these organizations also
 

00:11:43.990 --> 00:11:46.760 align:start position:0%
implementation these organizations also
need<00:11:44.470><c> to</c><00:11:44.589><c> understand</c><00:11:45.100><c> and</c><00:11:45.400><c> strive</c><00:11:45.910><c> for</c><00:11:46.150><c> ikan</c>

00:11:46.760 --> 00:11:46.770 align:start position:0%
need to understand and strive for ikan
 

00:11:46.770 --> 00:11:50.640 align:start position:0%
need to understand and strive for ikan
ecosystem<00:11:47.770><c> achievability</c><00:11:48.660><c> so</c><00:11:49.660><c> managers</c><00:11:50.440><c> need</c>

00:11:50.640 --> 00:11:50.650 align:start position:0%
ecosystem achievability so managers need
 

00:11:50.650 --> 00:11:52.920 align:start position:0%
ecosystem achievability so managers need
to<00:11:50.710><c> think</c><00:11:51.070><c> beyond</c><00:11:51.490><c> company</c><00:11:52.029><c> boundaries</c><00:11:52.660><c> and</c>

00:11:52.920 --> 00:11:52.930 align:start position:0%
to think beyond company boundaries and
 

00:11:52.930 --> 00:11:55.620 align:start position:0%
to think beyond company boundaries and
think<00:11:53.560><c> about</c><00:11:53.830><c> that</c><00:11:54.010><c> ecosystem</c><00:11:54.339><c> viability</c><00:11:55.270><c> of</c>

00:11:55.620 --> 00:11:55.630 align:start position:0%
think about that ecosystem viability of
 

00:11:55.630 --> 00:11:59.610 align:start position:0%
think about that ecosystem viability of
achievability<00:11:56.620><c> if</c><00:11:57.430><c> they</c><00:11:58.000><c> make</c><00:11:58.660><c> decisions</c>

00:11:59.610 --> 00:11:59.620 align:start position:0%
achievability if they make decisions
 

00:11:59.620 --> 00:12:01.710 align:start position:0%
achievability if they make decisions
based<00:12:00.430><c> on</c><00:12:00.700><c> just</c><00:12:01.000><c> thinking</c><00:12:01.270><c> of</c><00:12:01.420><c> their</c><00:12:01.540><c> own</c>

00:12:01.710 --> 00:12:01.720 align:start position:0%
based on just thinking of their own
 

00:12:01.720 --> 00:12:05.820 align:start position:0%
based on just thinking of their own
value<00:12:02.400><c> the</c><00:12:03.400><c> solution</c><00:12:04.330><c> and</c><00:12:04.570><c> the</c><00:12:04.870><c> potential</c><00:12:05.500><c> and</c>

00:12:05.820 --> 00:12:05.830 align:start position:0%
value the solution and the potential and
 

00:12:05.830 --> 00:12:07.740 align:start position:0%
value the solution and the potential and
value<00:12:06.100><c> they</c><00:12:06.220><c> can</c><00:12:06.250><c> unlock</c><00:12:06.700><c> is</c><00:12:07.000><c> just</c><00:12:07.270><c> not</c><00:12:07.420><c> going</c>

00:12:07.740 --> 00:12:07.750 align:start position:0%
value they can unlock is just not going
 

00:12:07.750 --> 00:12:12.570 align:start position:0%
value they can unlock is just not going
to<00:12:07.900><c> be</c><00:12:08.170><c> there</c><00:12:09.240><c> the</c><00:12:10.240><c> second</c><00:12:11.100><c> barrier</c><00:12:12.100><c> that</c><00:12:12.370><c> we</c>

00:12:12.570 --> 00:12:12.580 align:start position:0%
to be there the second barrier that we
 

00:12:12.580 --> 00:12:16.890 align:start position:0%
to be there the second barrier that we
again<00:12:13.510><c> observe</c><00:12:13.839><c> time</c><00:12:14.710><c> and</c><00:12:14.920><c> time</c><00:12:15.040><c> again</c><00:12:15.900><c> this</c>

00:12:16.890 --> 00:12:16.900 align:start position:0%
again observe time and time again this
 

00:12:16.900 --> 00:12:19.110 align:start position:0%
again observe time and time again this
one<00:12:17.200><c> actually</c><00:12:17.710><c> hosted</c><00:12:18.190><c> last</c><00:12:18.430><c> week</c><00:12:18.790><c> with</c><00:12:19.000><c> an</c>

00:12:19.110 --> 00:12:19.120 align:start position:0%
one actually hosted last week with an
 

00:12:19.120 --> 00:12:22.260 align:start position:0%
one actually hosted last week with an
industry<00:12:19.950><c> gone</c><00:12:20.950><c> mentioned</c><00:12:21.760><c> in</c><00:12:21.880><c> who</c><00:12:22.120><c> the</c>

00:12:22.260 --> 00:12:22.270 align:start position:0%
industry gone mentioned in who the
 

00:12:22.270 --> 00:12:23.970 align:start position:0%
industry gone mentioned in who the
industry<00:12:22.630><c> is</c><00:12:22.780><c> but</c><00:12:22.990><c> that</c><00:12:23.140><c> actually</c><00:12:23.530><c> took</c><00:12:23.710><c> more</c>

00:12:23.970 --> 00:12:23.980 align:start position:0%
industry is but that actually took more
 

00:12:23.980 --> 00:12:27.270 align:start position:0%
industry is but that actually took more
than<00:12:24.010><c> a</c><00:12:24.220><c> year</c><00:12:24.960><c> in</c><00:12:25.960><c> making</c><00:12:26.470><c> a</c><00:12:26.530><c> decision</c><00:12:26.860><c> on</c><00:12:27.160><c> the</c>

00:12:27.270 --> 00:12:27.280 align:start position:0%
than a year in making a decision on the
 

00:12:27.280 --> 00:12:30.180 align:start position:0%
than a year in making a decision on the
first<00:12:27.520><c> proof-of-concept</c><00:12:28.089><c> a</c><00:12:28.990><c> year</c><00:12:29.650><c> between</c>

00:12:30.180 --> 00:12:30.190 align:start position:0%
first proof-of-concept a year between
 

00:12:30.190 --> 00:12:32.970 align:start position:0%
first proof-of-concept a year between
and<00:12:30.580><c> this</c><00:12:30.940><c> is</c><00:12:31.089><c> a</c><00:12:31.120><c> number</c><00:12:31.510><c> of</c><00:12:31.600><c> competitors</c><00:12:31.980><c> to</c>

00:12:32.970 --> 00:12:32.980 align:start position:0%
and this is a number of competitors to
 

00:12:32.980 --> 00:12:34.530 align:start position:0%
and this is a number of competitors to
do<00:12:33.160><c> a</c><00:12:33.190><c> first</c><00:12:33.490><c> proof-of-concept</c><00:12:33.850><c> because</c><00:12:34.420><c> they</c>

00:12:34.530 --> 00:12:34.540 align:start position:0%
do a first proof-of-concept because they
 

00:12:34.540 --> 00:12:38.960 align:start position:0%
do a first proof-of-concept because they
had<00:12:34.720><c> this</c><00:12:34.930><c> barrier</c><00:12:36.839><c> when</c><00:12:37.839><c> a</c><00:12:37.870><c> business</c><00:12:38.530><c> late</c>

00:12:38.960 --> 00:12:38.970 align:start position:0%
had this barrier when a business late
 

00:12:38.970 --> 00:12:42.990 align:start position:0%
had this barrier when a business late
consortium<00:12:39.970><c> is</c><00:12:40.240><c> being</c><00:12:41.050><c> formed</c><00:12:41.520><c> you</c><00:12:42.520><c> need</c><00:12:42.820><c> to</c>

00:12:42.990 --> 00:12:43.000 align:start position:0%
consortium is being formed you need to
 

00:12:43.000 --> 00:12:46.230 align:start position:0%
consortium is being formed you need to
reach<00:12:43.210><c> consensus</c><00:12:44.050><c> on</c><00:12:44.230><c> the</c><00:12:45.160><c> long</c><00:12:45.460><c> term</c><00:12:45.790><c> vision</c>

00:12:46.230 --> 00:12:46.240 align:start position:0%
reach consensus on the long term vision
 

00:12:46.240 --> 00:12:50.490 align:start position:0%
reach consensus on the long term vision
the<00:12:46.600><c> long-term</c><00:12:47.440><c> value</c><00:12:48.100><c> levers</c><00:12:49.000><c> but</c><00:12:49.870><c> also</c>

00:12:50.490 --> 00:12:50.500 align:start position:0%
the long-term value levers but also
 

00:12:50.500 --> 00:12:53.640 align:start position:0%
the long-term value levers but also
short<00:12:50.920><c> term</c><00:12:51.220><c> value</c><00:12:51.610><c> levers</c><00:12:51.970><c> in</c><00:12:52.390><c> an</c><00:12:53.050><c> enterprise</c>

00:12:53.640 --> 00:12:53.650 align:start position:0%
short term value levers in an enterprise
 

00:12:53.650 --> 00:12:56.699 align:start position:0%
short term value levers in an enterprise
world<00:12:54.100><c> many</c><00:12:55.060><c> of</c><00:12:55.209><c> these</c><00:12:55.690><c> organizations</c><00:12:56.080><c> are</c>

00:12:56.699 --> 00:12:56.709 align:start position:0%
world many of these organizations are
 

00:12:56.709 --> 00:12:59.220 align:start position:0%
world many of these organizations are
you<00:12:57.610><c> know</c><00:12:57.730><c> have</c><00:12:57.940><c> to</c><00:12:58.089><c> report</c><00:12:58.450><c> to</c><00:12:58.660><c> Wall</c><00:12:58.839><c> Street</c>

00:12:59.220 --> 00:12:59.230 align:start position:0%
you know have to report to Wall Street
 

00:12:59.230 --> 00:13:02.910 align:start position:0%
you know have to report to Wall Street
they<00:12:59.860><c> need</c><00:13:00.070><c> to</c><00:13:00.250><c> see</c><00:13:00.490><c> quick</c><00:13:01.209><c> results</c><00:13:02.050><c> we've</c>

00:13:02.910 --> 00:13:02.920 align:start position:0%
they need to see quick results we've
 

00:13:02.920 --> 00:13:05.220 align:start position:0%
they need to see quick results we've
seen<00:13:03.310><c> in</c><00:13:03.850><c> many</c><00:13:04.060><c> clotting</c><00:13:04.600><c> consortium</c>

00:13:05.220 --> 00:13:05.230 align:start position:0%
seen in many clotting consortium
 

00:13:05.230 --> 00:13:07.800 align:start position:0%
seen in many clotting consortium
organisations<00:13:06.100><c> leave</c><00:13:06.339><c> because</c><00:13:07.120><c> the</c><00:13:07.360><c> results</c>

00:13:07.800 --> 00:13:07.810 align:start position:0%
organisations leave because the results
 

00:13:07.810 --> 00:13:10.890 align:start position:0%
organisations leave because the results
didn't<00:13:08.050><c> come</c><00:13:08.260><c> in</c><00:13:08.410><c> quick</c><00:13:08.589><c> enough</c><00:13:09.570><c> the</c><00:13:10.570><c> thing</c><00:13:10.779><c> is</c>

00:13:10.890 --> 00:13:10.900 align:start position:0%
didn't come in quick enough the thing is
 

00:13:10.900 --> 00:13:13.800 align:start position:0%
didn't come in quick enough the thing is
there's<00:13:11.110><c> attention</c><00:13:11.800><c> many</c><00:13:12.040><c> times</c><00:13:12.339><c> between</c><00:13:12.810><c> the</c>

00:13:13.800 --> 00:13:13.810 align:start position:0%
there's attention many times between the
 

00:13:13.810 --> 00:13:14.819 align:start position:0%
there's attention many times between the
value<00:13:14.140><c> liver</c>

00:13:14.819 --> 00:13:14.829 align:start position:0%
value liver
 

00:13:14.829 --> 00:13:16.919 align:start position:0%
value liver
in<00:13:15.009><c> the</c><00:13:15.129><c> short</c><00:13:15.399><c> run</c><00:13:15.639><c> during</c><00:13:15.879><c> this</c><00:13:16.089><c> first</c><00:13:16.360><c> few</c>

00:13:16.919 --> 00:13:16.929 align:start position:0%
in the short run during this first few
 

00:13:16.929 --> 00:13:18.749 align:start position:0%
in the short run during this first few
proof<00:13:17.199><c> of</c><00:13:17.350><c> concepts</c><00:13:17.920><c> and</c><00:13:18.069><c> what</c><00:13:18.519><c> they</c>

00:13:18.749 --> 00:13:18.759 align:start position:0%
proof of concepts and what they
 

00:13:18.759 --> 00:13:22.850 align:start position:0%
proof of concepts and what they
sometimes<00:13:19.059><c> have</c><00:13:19.420><c> to</c><00:13:19.569><c> achieve</c><00:13:19.689><c> long</c><00:13:20.410><c> term</c>

00:13:22.850 --> 00:13:22.860 align:start position:0%
 
 

00:13:22.860 --> 00:13:26.639 align:start position:0%
 
imagine<00:13:23.860><c> as</c><00:13:24.269><c> few</c><00:13:25.269><c> of</c><00:13:25.449><c> the</c><00:13:25.600><c> organizations</c><00:13:26.410><c> in</c>

00:13:26.639 --> 00:13:26.649 align:start position:0%
imagine as few of the organizations in
 

00:13:26.649 --> 00:13:29.790 align:start position:0%
imagine as few of the organizations in
the<00:13:26.800><c> consortium</c><00:13:27.989><c> driving</c><00:13:28.989><c> and</c><00:13:29.139><c> aiming</c><00:13:29.559><c> for</c>

00:13:29.790 --> 00:13:29.800 align:start position:0%
the consortium driving and aiming for
 

00:13:29.800 --> 00:13:31.619 align:start position:0%
the consortium driving and aiming for
the<00:13:29.889><c> long</c><00:13:30.100><c> term</c><00:13:30.339><c> objective</c><00:13:30.910><c> but</c><00:13:31.089><c> a</c><00:13:31.149><c> few</c><00:13:31.420><c> other</c>

00:13:31.619 --> 00:13:31.629 align:start position:0%
the long term objective but a few other
 

00:13:31.629 --> 00:13:33.900 align:start position:0%
the long term objective but a few other
organizations<00:13:32.470><c> are</c><00:13:32.619><c> just</c><00:13:32.949><c> focused</c><00:13:33.489><c> on</c><00:13:33.670><c> what</c>

00:13:33.900 --> 00:13:33.910 align:start position:0%
organizations are just focused on what
 

00:13:33.910 --> 00:13:36.720 align:start position:0%
organizations are just focused on what
is<00:13:34.029><c> the</c><00:13:34.179><c> value</c><00:13:34.209><c> I</c><00:13:34.839><c> can</c><00:13:35.439><c> get</c><00:13:35.649><c> from</c><00:13:36.189><c> this</c><00:13:36.399><c> first</c>

00:13:36.720 --> 00:13:36.730 align:start position:0%
is the value I can get from this first
 

00:13:36.730 --> 00:13:38.150 align:start position:0%
is the value I can get from this first
proof-of-concept

00:13:38.150 --> 00:13:38.160 align:start position:0%
proof-of-concept
 

00:13:38.160 --> 00:13:41.309 align:start position:0%
proof-of-concept
many<00:13:39.160><c> times</c><00:13:39.489><c> to</c><00:13:39.790><c> reach</c><00:13:40.420><c> your</c><00:13:40.689><c> long-term</c>

00:13:41.309 --> 00:13:41.319 align:start position:0%
many times to reach your long-term
 

00:13:41.319 --> 00:13:43.829 align:start position:0%
many times to reach your long-term
objective<00:13:41.980><c> you</c><00:13:42.579><c> need</c><00:13:42.790><c> to</c><00:13:42.910><c> pursue</c><00:13:43.360><c> proof</c><00:13:43.720><c> of</c>

00:13:43.829 --> 00:13:43.839 align:start position:0%
objective you need to pursue proof of
 

00:13:43.839 --> 00:13:45.900 align:start position:0%
objective you need to pursue proof of
concepts<00:13:44.290><c> at</c><00:13:44.439><c> first</c><00:13:44.769><c> that</c><00:13:45.040><c> a</c><00:13:45.069><c> stand</c><00:13:45.610><c> alone</c>

00:13:45.900 --> 00:13:45.910 align:start position:0%
concepts at first that a stand alone
 

00:13:45.910 --> 00:13:48.090 align:start position:0%
concepts at first that a stand alone
might<00:13:46.239><c> not</c><00:13:46.480><c> make</c><00:13:46.660><c> sense</c><00:13:46.949><c> because</c><00:13:47.949><c> you</c>

00:13:48.090 --> 00:13:48.100 align:start position:0%
might not make sense because you
 

00:13:48.100 --> 00:13:49.829 align:start position:0%
might not make sense because you
sometimes<00:13:48.429><c> have</c><00:13:48.819><c> to</c><00:13:48.999><c> get</c><00:13:49.149><c> initial</c><00:13:49.600><c> data</c>

00:13:49.829 --> 00:13:49.839 align:start position:0%
sometimes have to get initial data
 

00:13:49.839 --> 00:13:52.259 align:start position:0%
sometimes have to get initial data
sources<00:13:50.290><c> and</c><00:13:50.619><c> then</c><00:13:50.739><c> build</c><00:13:51.040><c> upon</c><00:13:51.189><c> that</c><00:13:51.459><c> to</c>

00:13:52.259 --> 00:13:52.269 align:start position:0%
sources and then build upon that to
 

00:13:52.269 --> 00:13:54.600 align:start position:0%
sources and then build upon that to
reach<00:13:52.480><c> the</c><00:13:52.689><c> eventual</c><00:13:53.170><c> long-term</c><00:13:53.619><c> goal</c><00:13:53.920><c> now</c>

00:13:54.600 --> 00:13:54.610 align:start position:0%
reach the eventual long-term goal now
 

00:13:54.610 --> 00:13:57.299 align:start position:0%
reach the eventual long-term goal now
you<00:13:54.670><c> have</c><00:13:54.999><c> these</c><00:13:55.209><c> organizations</c><00:13:56.129><c> trying</c><00:13:57.129><c> to</c>

00:13:57.299 --> 00:13:57.309 align:start position:0%
you have these organizations trying to
 

00:13:57.309 --> 00:14:00.359 align:start position:0%
you have these organizations trying to
agree<00:13:57.670><c> on</c><00:13:58.059><c> pursuing</c><00:13:58.929><c> that</c><00:13:59.170><c> first</c><00:13:59.499><c> second</c>

00:14:00.359 --> 00:14:00.369 align:start position:0%
agree on pursuing that first second
 

00:14:00.369 --> 00:14:02.160 align:start position:0%
agree on pursuing that first second
third<00:14:00.850><c> proof-of-concept</c><00:14:01.299><c> what</c><00:14:01.839><c> does</c><00:14:01.959><c> their</c>

00:14:02.160 --> 00:14:02.170 align:start position:0%
third proof-of-concept what does their
 

00:14:02.170 --> 00:14:05.160 align:start position:0%
third proof-of-concept what does their
pipeline<00:14:02.679><c> of</c><00:14:02.829><c> development</c><00:14:03.369><c> looks</c><00:14:03.519><c> like</c><00:14:04.170><c> but</c>

00:14:05.160 --> 00:14:05.170 align:start position:0%
pipeline of development looks like but
 

00:14:05.170 --> 00:14:07.079 align:start position:0%
pipeline of development looks like but
they<00:14:05.290><c> can't</c><00:14:05.649><c> see</c><00:14:05.860><c> eye</c><00:14:05.889><c> and</c><00:14:06.220><c> eye</c><00:14:06.399><c> because</c><00:14:06.850><c> some</c>

00:14:07.079 --> 00:14:07.089 align:start position:0%
they can't see eye and eye because some
 

00:14:07.089 --> 00:14:09.119 align:start position:0%
they can't see eye and eye because some
of<00:14:07.119><c> them</c><00:14:07.389><c> are</c><00:14:07.420><c> purely</c><00:14:07.929><c> focused</c><00:14:08.470><c> on</c><00:14:08.619><c> this</c><00:14:08.799><c> one</c>

00:14:09.119 --> 00:14:09.129 align:start position:0%
of them are purely focused on this one
 

00:14:09.129 --> 00:14:11.039 align:start position:0%
of them are purely focused on this one
standard<00:14:09.759><c> and</c><00:14:09.939><c> proof</c><00:14:10.119><c> of</c><00:14:10.239><c> concept</c><00:14:10.720><c> and</c><00:14:10.809><c> what</c>

00:14:11.039 --> 00:14:11.049 align:start position:0%
standard and proof of concept and what
 

00:14:11.049 --> 00:14:12.600 align:start position:0%
standard and proof of concept and what
they<00:14:11.199><c> can</c><00:14:11.410><c> show</c><00:14:11.679><c> and</c><00:14:11.920><c> deliver</c><00:14:12.220><c> to</c><00:14:12.459><c> their</c>

00:14:12.600 --> 00:14:12.610 align:start position:0%
they can show and deliver to their
 

00:14:12.610 --> 00:14:14.970 align:start position:0%
they can show and deliver to their
organization<00:14:13.360><c> who</c><00:14:13.809><c> needs</c><00:14:13.989><c> short-term</c><00:14:14.559><c> quick</c>

00:14:14.970 --> 00:14:14.980 align:start position:0%
organization who needs short-term quick
 

00:14:14.980 --> 00:14:18.749 align:start position:0%
organization who needs short-term quick
results<00:14:15.989><c> versus</c><00:14:17.189><c> pursuing</c><00:14:18.189><c> the</c><00:14:18.309><c> long-term</c>

00:14:18.749 --> 00:14:18.759 align:start position:0%
results versus pursuing the long-term
 

00:14:18.759 --> 00:14:23.759 align:start position:0%
results versus pursuing the long-term
objective<00:14:20.279><c> we</c><00:14:21.279><c> need</c><00:14:21.819><c> to</c><00:14:22.209><c> find</c><00:14:22.869><c> a</c><00:14:23.110><c> way</c><00:14:23.259><c> project</c>

00:14:23.759 --> 00:14:23.769 align:start position:0%
objective we need to find a way project
 

00:14:23.769 --> 00:14:29.039 align:start position:0%
objective we need to find a way project
managers<00:14:24.249><c> need</c><00:14:24.959><c> to</c><00:14:25.959><c> have</c><00:14:27.929><c> education</c><00:14:28.929><c> they</c>

00:14:29.039 --> 00:14:29.049 align:start position:0%
managers need to have education they
 

00:14:29.049 --> 00:14:32.220 align:start position:0%
managers need to have education they
need<00:14:29.110><c> experience</c><00:14:30.009><c> in</c><00:14:30.189><c> ecosystem</c><00:14:31.230><c> trust</c>

00:14:32.220 --> 00:14:32.230 align:start position:0%
need experience in ecosystem trust
 

00:14:32.230 --> 00:14:36.449 align:start position:0%
need experience in ecosystem trust
mechanisms<00:14:33.660><c> asymmetry</c><00:14:35.009><c> information</c><00:14:36.009><c> sharing</c>

00:14:36.449 --> 00:14:36.459 align:start position:0%
mechanisms asymmetry information sharing
 

00:14:36.459 --> 00:14:40.079 align:start position:0%
mechanisms asymmetry information sharing
competitive<00:14:37.149><c> games</c><00:14:37.480><c> and</c><00:14:38.350><c> so</c><00:14:39.339><c> much</c><00:14:39.519><c> more</c><00:14:39.850><c> in</c>

00:14:40.079 --> 00:14:40.089 align:start position:0%
competitive games and so much more in
 

00:14:40.089 --> 00:14:42.269 align:start position:0%
competitive games and so much more in
order<00:14:40.269><c> to</c><00:14:40.389><c> actually</c><00:14:40.629><c> be</c><00:14:40.959><c> able</c><00:14:41.199><c> to</c><00:14:41.379><c> understand</c>

00:14:42.269 --> 00:14:42.279 align:start position:0%
order to actually be able to understand
 

00:14:42.279 --> 00:14:45.179 align:start position:0%
order to actually be able to understand
how<00:14:42.670><c> to</c><00:14:43.240><c> best</c><00:14:43.839><c> navigate</c><00:14:44.019><c> the</c><00:14:44.649><c> tensions</c><00:14:45.100><c> that</c>

00:14:45.179 --> 00:14:45.189 align:start position:0%
how to best navigate the tensions that
 

00:14:45.189 --> 00:14:46.949 align:start position:0%
how to best navigate the tensions that
exist<00:14:45.549><c> between</c><00:14:45.699><c> this</c><00:14:46.059><c> two</c><00:14:46.299><c> so</c><00:14:46.509><c> you</c><00:14:46.569><c> don't</c>

00:14:46.949 --> 00:14:46.959 align:start position:0%
exist between this two so you don't
 

00:14:46.959 --> 00:14:51.720 align:start position:0%
exist between this two so you don't
delay<00:14:48.269><c> these</c><00:14:49.269><c> enterprise</c><00:14:49.899><c> efforts</c><00:14:50.730><c> another</c>

00:14:51.720 --> 00:14:51.730 align:start position:0%
delay these enterprise efforts another
 

00:14:51.730 --> 00:14:53.850 align:start position:0%
delay these enterprise efforts another
tricky<00:14:52.119><c> piece</c><00:14:52.449><c> with</c><00:14:52.809><c> the</c><00:14:52.929><c> short</c><00:14:53.230><c> term</c><00:14:53.410><c> versus</c>

00:14:53.850 --> 00:14:53.860 align:start position:0%
tricky piece with the short term versus
 

00:14:53.860 --> 00:14:57.389 align:start position:0%
tricky piece with the short term versus
long<00:14:53.889><c> term</c><00:14:54.399><c> is</c><00:14:54.670><c> in</c><00:14:54.939><c> the</c><00:14:55.299><c> short</c><00:14:55.660><c> term</c><00:14:56.309><c> we</c><00:14:57.309><c> have</c>

00:14:57.389 --> 00:14:57.399 align:start position:0%
long term is in the short term we have
 

00:14:57.399 --> 00:14:59.730 align:start position:0%
long term is in the short term we have
many<00:14:57.639><c> business</c><00:14:58.600><c> led</c><00:14:58.809><c> consortia</c><00:14:59.379><c> they</c>

00:14:59.730 --> 00:14:59.740 align:start position:0%
many business led consortia they
 

00:14:59.740 --> 00:15:03.179 align:start position:0%
many business led consortia they
typically<00:15:00.189><c> opt</c><00:15:00.519><c> for</c><00:15:01.119><c> a</c><00:15:01.419><c> technology</c><00:15:02.139><c> like</c><00:15:03.129><c> a</c>

00:15:03.179 --> 00:15:03.189 align:start position:0%
typically opt for a technology like a
 

00:15:03.189 --> 00:15:05.460 align:start position:0%
typically opt for a technology like a
blockchain<00:15:03.699><c> technology</c><00:15:04.299><c> stack</c><00:15:04.629><c> but</c><00:15:05.290><c> then</c>

00:15:05.460 --> 00:15:05.470 align:start position:0%
blockchain technology stack but then
 

00:15:05.470 --> 00:15:07.559 align:start position:0%
blockchain technology stack but then
serves<00:15:05.799><c> the</c><00:15:06.009><c> purposes</c><00:15:06.610><c> of</c><00:15:06.819><c> the</c><00:15:06.999><c> short</c><00:15:07.299><c> term</c>

00:15:07.559 --> 00:15:07.569 align:start position:0%
serves the purposes of the short term
 

00:15:07.569 --> 00:15:09.499 align:start position:0%
serves the purposes of the short term
value<00:15:08.529><c> lever</c>

00:15:09.499 --> 00:15:09.509 align:start position:0%
value lever
 

00:15:09.509 --> 00:15:12.389 align:start position:0%
value lever
however<00:15:10.509><c> the</c><00:15:11.079><c> technical</c><00:15:11.589><c> dependencies</c><00:15:12.369><c> that</c>

00:15:12.389 --> 00:15:12.399 align:start position:0%
however the technical dependencies that
 

00:15:12.399 --> 00:15:15.359 align:start position:0%
however the technical dependencies that
you<00:15:12.639><c> then</c><00:15:13.059><c> need</c><00:15:13.540><c> to</c><00:15:13.569><c> think</c><00:15:13.989><c> of</c><00:15:14.259><c> of</c><00:15:14.559><c> what</c><00:15:15.249><c> does</c>

00:15:15.359 --> 00:15:15.369 align:start position:0%
you then need to think of of what does
 

00:15:15.369 --> 00:15:17.249 align:start position:0%
you then need to think of of what does
that<00:15:15.399><c> technology</c><00:15:16.089><c> stack</c><00:15:16.329><c> needs</c><00:15:16.540><c> to</c><00:15:16.749><c> look</c><00:15:16.959><c> like</c>

00:15:17.249 --> 00:15:17.259 align:start position:0%
that technology stack needs to look like
 

00:15:17.259 --> 00:15:20.039 align:start position:0%
that technology stack needs to look like
to<00:15:17.439><c> achieve</c><00:15:17.589><c> the</c><00:15:17.949><c> long</c><00:15:18.189><c> term</c><00:15:18.489><c> results</c><00:15:19.179><c> many</c>

00:15:20.039 --> 00:15:20.049 align:start position:0%
to achieve the long term results many
 

00:15:20.049 --> 00:15:22.559 align:start position:0%
to achieve the long term results many
times<00:15:20.350><c> that</c><00:15:20.589><c> is</c><00:15:20.769><c> not</c><00:15:20.949><c> then</c><00:15:21.220><c> considered</c><00:15:21.790><c> in</c><00:15:22.360><c> the</c>

00:15:22.559 --> 00:15:22.569 align:start position:0%
times that is not then considered in the
 

00:15:22.569 --> 00:15:24.179 align:start position:0%
times that is not then considered in the
beginning<00:15:22.990><c> because</c><00:15:23.379><c> many</c><00:15:23.769><c> of</c><00:15:23.889><c> those</c>

00:15:24.179 --> 00:15:24.189 align:start position:0%
beginning because many of those
 

00:15:24.189 --> 00:15:26.220 align:start position:0%
beginning because many of those
organizations<00:15:24.910><c> are</c><00:15:25.029><c> self</c><00:15:25.329><c> focused</c><00:15:25.809><c> is</c><00:15:25.959><c> on</c><00:15:26.110><c> the</c>

00:15:26.220 --> 00:15:26.230 align:start position:0%
organizations are self focused is on the
 

00:15:26.230 --> 00:15:27.360 align:start position:0%
organizations are self focused is on the
short<00:15:26.470><c> term</c><00:15:26.679><c> lever</c><00:15:26.980><c> so</c>

00:15:27.360 --> 00:15:27.370 align:start position:0%
short term lever so
 

00:15:27.370 --> 00:15:29.970 align:start position:0%
short term lever so
there's<00:15:27.520><c> also</c><00:15:27.760><c> the</c><00:15:28.000><c> technical</c><00:15:28.980><c> complexities</c>

00:15:29.970 --> 00:15:29.980 align:start position:0%
there's also the technical complexities
 

00:15:29.980 --> 00:15:33.000 align:start position:0%
there's also the technical complexities
of<00:15:30.180><c> choosing</c><00:15:31.180><c> your</c><00:15:31.360><c> you</c><00:15:31.720><c> know</c><00:15:32.010><c> blockchain</c>

00:15:33.000 --> 00:15:33.010 align:start position:0%
of choosing your you know blockchain
 

00:15:33.010 --> 00:15:35.400 align:start position:0%
of choosing your you know blockchain
technology<00:15:33.640><c> stack</c><00:15:33.970><c> that</c><00:15:34.450><c> can</c><00:15:34.600><c> cater</c><00:15:34.779><c> for</c><00:15:35.020><c> both</c>

00:15:35.400 --> 00:15:35.410 align:start position:0%
technology stack that can cater for both
 

00:15:35.410 --> 00:15:40.290 align:start position:0%
technology stack that can cater for both
and<00:15:36.900><c> that</c><00:15:37.900><c> brings</c><00:15:38.200><c> me</c><00:15:38.380><c> into</c><00:15:38.589><c> the</c><00:15:38.830><c> last</c><00:15:39.300><c> barrier</c>

00:15:40.290 --> 00:15:40.300 align:start position:0%
and that brings me into the last barrier
 

00:15:40.300 --> 00:15:47.300 align:start position:0%
and that brings me into the last barrier
that<00:15:40.779><c> we</c><00:15:41.350><c> see</c><00:15:42.930><c> hamper</c><00:15:43.930><c> enterprise</c><00:15:44.890><c> adoption</c>

00:15:47.300 --> 00:15:47.310 align:start position:0%
that we see hamper enterprise adoption
 

00:15:47.310 --> 00:15:49.829 align:start position:0%
that we see hamper enterprise adoption
within<00:15:48.310><c> consortiums</c><00:15:49.089><c> and</c><00:15:49.180><c> that</c><00:15:49.390><c> goes</c><00:15:49.630><c> back</c><00:15:49.810><c> to</c>

00:15:49.829 --> 00:15:49.839 align:start position:0%
within consortiums and that goes back to
 

00:15:49.839 --> 00:15:52.079 align:start position:0%
within consortiums and that goes back to
governance<00:15:50.410><c> again</c><00:15:51.100><c> it's</c><00:15:51.400><c> not</c><00:15:51.610><c> the</c><00:15:51.730><c> technical</c>

00:15:52.079 --> 00:15:52.089 align:start position:0%
governance again it's not the technical
 

00:15:52.089 --> 00:15:54.269 align:start position:0%
governance again it's not the technical
pieces<00:15:52.480><c> that's</c><00:15:52.810><c> difficult</c><00:15:53.250><c> you</c><00:15:54.250><c> have</c>

00:15:54.269 --> 00:15:54.279 align:start position:0%
pieces that's difficult you have
 

00:15:54.279 --> 00:15:55.860 align:start position:0%
pieces that's difficult you have
competitors<00:15:55.120><c> who</c><00:15:55.300><c> have</c><00:15:55.450><c> never</c><00:15:55.690><c> worked</c>

00:15:55.860 --> 00:15:55.870 align:start position:0%
competitors who have never worked
 

00:15:55.870 --> 00:15:58.050 align:start position:0%
competitors who have never worked
together<00:15:56.260><c> many</c><00:15:56.980><c> of</c><00:15:57.100><c> them</c><00:15:57.250><c> have</c><00:15:57.370><c> never</c><00:15:57.610><c> sat</c><00:15:57.880><c> in</c>

00:15:58.050 --> 00:15:58.060 align:start position:0%
together many of them have never sat in
 

00:15:58.060 --> 00:16:00.090 align:start position:0%
together many of them have never sat in
the<00:15:58.180><c> same</c><00:15:58.360><c> room</c><00:15:58.600><c> now</c><00:15:59.290><c> building</c><00:15:59.770><c> a</c><00:15:59.890><c> system</c>

00:16:00.090 --> 00:16:00.100 align:start position:0%
the same room now building a system
 

00:16:00.100 --> 00:16:03.180 align:start position:0%
the same room now building a system
together<00:16:00.480><c> having</c><00:16:01.480><c> to</c><00:16:01.660><c> decide</c><00:16:02.080><c> about</c><00:16:02.320><c> who</c><00:16:03.160><c> owns</c>

00:16:03.180 --> 00:16:03.190 align:start position:0%
together having to decide about who owns
 

00:16:03.190 --> 00:16:05.880 align:start position:0%
together having to decide about who owns
the<00:16:03.670><c> system</c><00:16:04.060><c> who</c><00:16:04.390><c> pays</c><00:16:04.660><c> for</c><00:16:04.690><c> it</c><00:16:05.050><c> who's</c><00:16:05.440><c> liable</c>

00:16:05.880 --> 00:16:05.890 align:start position:0%
the system who pays for it who's liable
 

00:16:05.890 --> 00:16:08.519 align:start position:0%
the system who pays for it who's liable
who<00:16:06.339><c> gets</c><00:16:06.550><c> to</c><00:16:06.700><c> see</c><00:16:06.910><c> what</c><00:16:06.940><c> data</c><00:16:07.350><c> these</c><00:16:08.350><c> are</c>

00:16:08.519 --> 00:16:08.529 align:start position:0%
who gets to see what data these are
 

00:16:08.529 --> 00:16:11.640 align:start position:0%
who gets to see what data these are
difficult<00:16:09.010><c> things</c><00:16:09.160><c> these</c><00:16:09.970><c> traditional</c><00:16:10.650><c> the</c>

00:16:11.640 --> 00:16:11.650 align:start position:0%
difficult things these traditional the
 

00:16:11.650 --> 00:16:14.730 align:start position:0%
difficult things these traditional the
these<00:16:12.490><c> enterprises</c><00:16:13.150><c> have</c><00:16:14.050><c> been</c><00:16:14.320><c> involved</c><00:16:14.680><c> in</c>

00:16:14.730 --> 00:16:14.740 align:start position:0%
these enterprises have been involved in
 

00:16:14.740 --> 00:16:16.380 align:start position:0%
these enterprises have been involved in
good<00:16:14.890><c> sources</c><00:16:15.220><c> before</c><00:16:15.460><c> but</c><00:16:15.880><c> blockchain</c>

00:16:16.380 --> 00:16:16.390 align:start position:0%
good sources before but blockchain
 

00:16:16.390 --> 00:16:18.630 align:start position:0%
good sources before but blockchain
there's<00:16:16.600><c> a</c><00:16:16.660><c> lot</c><00:16:16.990><c> of</c><00:16:17.140><c> unique</c><00:16:17.589><c> aspects</c><00:16:18.339><c> here</c>

00:16:18.630 --> 00:16:18.640 align:start position:0%
there's a lot of unique aspects here
 

00:16:18.640 --> 00:16:22.769 align:start position:0%
there's a lot of unique aspects here
that<00:16:19.240><c> is</c><00:16:19.839><c> very</c><00:16:20.290><c> new</c><00:16:21.060><c> actually</c><00:16:22.060><c> a</c><00:16:22.089><c> lot</c><00:16:22.510><c> of</c><00:16:22.660><c> the</c>

00:16:22.769 --> 00:16:22.779 align:start position:0%
that is very new actually a lot of the
 

00:16:22.779 --> 00:16:27.510 align:start position:0%
that is very new actually a lot of the
issues<00:16:23.170><c> around</c><00:16:24.040><c> governance</c><00:16:25.620><c> that</c><00:16:26.620><c> the</c><00:16:27.100><c> open</c>

00:16:27.510 --> 00:16:27.520 align:start position:0%
issues around governance that the open
 

00:16:27.520 --> 00:16:30.870 align:start position:0%
issues around governance that the open
software<00:16:28.050><c> open</c><00:16:29.050><c> source</c><00:16:29.860><c> software</c><00:16:30.130><c> have</c><00:16:30.670><c> been</c>

00:16:30.870 --> 00:16:30.880 align:start position:0%
software open source software have been
 

00:16:30.880 --> 00:16:32.760 align:start position:0%
software open source software have been
looking<00:16:31.180><c> into</c><00:16:31.360><c> a</c><00:16:31.540><c> lot</c><00:16:31.839><c> of</c><00:16:31.930><c> it</c><00:16:32.050><c> applies</c><00:16:32.350><c> here</c><00:16:32.650><c> as</c>

00:16:32.760 --> 00:16:32.770 align:start position:0%
looking into a lot of it applies here as
 

00:16:32.770 --> 00:16:35.610 align:start position:0%
looking into a lot of it applies here as
well<00:16:33.040><c> so</c><00:16:33.790><c> within</c><00:16:34.720><c> the</c><00:16:34.959><c> distributed</c><00:16:35.470><c> ledger</c>

00:16:35.610 --> 00:16:35.620 align:start position:0%
well so within the distributed ledger
 

00:16:35.620 --> 00:16:37.740 align:start position:0%
well so within the distributed ledger
consortium<00:16:36.370><c> world</c><00:16:36.640><c> it</c><00:16:36.940><c> will</c><00:16:37.270><c> serve</c><00:16:37.510><c> them</c><00:16:37.720><c> well</c>

00:16:37.740 --> 00:16:37.750 align:start position:0%
consortium world it will serve them well
 

00:16:37.750 --> 00:16:40.079 align:start position:0%
consortium world it will serve them well
to<00:16:38.080><c> go</c><00:16:38.200><c> and</c><00:16:38.350><c> look</c><00:16:38.500><c> at</c><00:16:38.709><c> some</c><00:16:38.740><c> of</c><00:16:38.980><c> these</c><00:16:39.220><c> open</c>

00:16:40.079 --> 00:16:40.089 align:start position:0%
to go and look at some of these open
 

00:16:40.089 --> 00:16:42.720 align:start position:0%
to go and look at some of these open
source<00:16:40.990><c> software</c><00:16:41.440><c> governance</c><00:16:42.430><c> and</c><00:16:42.610><c> how</c>

00:16:42.720 --> 00:16:42.730 align:start position:0%
source software governance and how
 

00:16:42.730 --> 00:16:45.150 align:start position:0%
source software governance and how
they've<00:16:43.000><c> mitigated</c><00:16:43.690><c> and</c><00:16:43.990><c> navigated</c><00:16:44.950><c> through</c>

00:16:45.150 --> 00:16:45.160 align:start position:0%
they've mitigated and navigated through
 

00:16:45.160 --> 00:16:48.240 align:start position:0%
they've mitigated and navigated through
through<00:16:45.760><c> this</c><00:16:45.940><c> challenge</c><00:16:46.450><c> a</c><00:16:47.250><c> particular</c>

00:16:48.240 --> 00:16:48.250 align:start position:0%
through this challenge a particular
 

00:16:48.250 --> 00:16:49.920 align:start position:0%
through this challenge a particular
piece<00:16:48.550><c> that</c><00:16:48.580><c> the</c><00:16:48.880><c> World</c><00:16:49.060><c> Economic</c><00:16:49.209><c> Forum</c><00:16:49.720><c> is</c>

00:16:49.920 --> 00:16:49.930 align:start position:0%
piece that the World Economic Forum is
 

00:16:49.930 --> 00:16:52.199 align:start position:0%
piece that the World Economic Forum is
very<00:16:50.200><c> concerned</c><00:16:50.650><c> with</c><00:16:50.830><c> here</c><00:16:51.040><c> is</c><00:16:51.250><c> small</c><00:16:52.000><c> and</c>

00:16:52.199 --> 00:16:52.209 align:start position:0%
very concerned with here is small and
 

00:16:52.209 --> 00:16:54.480 align:start position:0%
very concerned with here is small and
medium-sized<00:16:52.720><c> enterprises</c><00:16:53.350><c> we</c><00:16:53.830><c> see</c><00:16:54.130><c> within</c>

00:16:54.480 --> 00:16:54.490 align:start position:0%
medium-sized enterprises we see within
 

00:16:54.490 --> 00:16:56.220 align:start position:0%
medium-sized enterprises we see within
all<00:16:54.670><c> these</c><00:16:54.820><c> industries</c><00:16:55.270><c> and</c><00:16:55.540><c> as</c><00:16:55.839><c> they</c><00:16:56.020><c> come</c>

00:16:56.220 --> 00:16:56.230 align:start position:0%
all these industries and as they come
 

00:16:56.230 --> 00:16:59.280 align:start position:0%
all these industries and as they come
together<00:16:56.410><c> as</c><00:16:56.770><c> blockchain</c><00:16:57.160><c> consortium</c><00:16:58.290><c> those</c>

00:16:59.280 --> 00:16:59.290 align:start position:0%
together as blockchain consortium those
 

00:16:59.290 --> 00:17:02.400 align:start position:0%
together as blockchain consortium those
who<00:16:59.740><c> can</c><00:16:59.920><c> afford</c><00:17:01.050><c> consultants</c><00:17:02.050><c> and</c><00:17:02.170><c> who</c><00:17:02.260><c> can</c>

00:17:02.400 --> 00:17:02.410 align:start position:0%
who can afford consultants and who can
 

00:17:02.410 --> 00:17:04.530 align:start position:0%
who can afford consultants and who can
afford<00:17:02.740><c> big</c><00:17:03.160><c> legal</c><00:17:03.520><c> teams</c><00:17:03.790><c> are</c><00:17:04.000><c> the</c><00:17:04.120><c> ones</c><00:17:04.329><c> that</c>

00:17:04.530 --> 00:17:04.540 align:start position:0%
afford big legal teams are the ones that
 

00:17:04.540 --> 00:17:07.260 align:start position:0%
afford big legal teams are the ones that
ends<00:17:05.110><c> up</c><00:17:05.290><c> having</c><00:17:05.920><c> a</c><00:17:06.130><c> lot</c><00:17:06.280><c> of</c><00:17:06.339><c> leverage</c><00:17:06.699><c> when</c><00:17:07.150><c> it</c>

00:17:07.260 --> 00:17:07.270 align:start position:0%
ends up having a lot of leverage when it
 

00:17:07.270 --> 00:17:10.130 align:start position:0%
ends up having a lot of leverage when it
comes<00:17:07.510><c> down</c><00:17:07.780><c> to</c><00:17:08.050><c> governance</c><00:17:08.559><c> decision</c><00:17:09.130><c> so</c>

00:17:10.130 --> 00:17:10.140 align:start position:0%
comes down to governance decision so
 

00:17:10.140 --> 00:17:13.650 align:start position:0%
comes down to governance decision so
while<00:17:11.140><c> blockchain</c><00:17:12.069><c> governance</c><00:17:12.939><c> is</c><00:17:13.089><c> very</c><00:17:13.300><c> new</c>

00:17:13.650 --> 00:17:13.660 align:start position:0%
while blockchain governance is very new
 

00:17:13.660 --> 00:17:15.960 align:start position:0%
while blockchain governance is very new
Wow<00:17:14.110><c> we</c><00:17:14.470><c> will</c><00:17:14.679><c> while</c><00:17:15.130><c> we</c><00:17:15.339><c> are</c><00:17:15.459><c> all</c><00:17:15.490><c> still</c>

00:17:15.960 --> 00:17:15.970 align:start position:0%
Wow we will while we are all still
 

00:17:15.970 --> 00:17:17.910 align:start position:0%
Wow we will while we are all still
learning<00:17:16.209><c> while</c><00:17:16.720><c> going</c><00:17:17.380><c> through</c><00:17:17.500><c> lessons</c>

00:17:17.910 --> 00:17:17.920 align:start position:0%
learning while going through lessons
 

00:17:17.920 --> 00:17:19.620 align:start position:0%
learning while going through lessons
while<00:17:18.370><c> we</c><00:17:18.610><c> are</c><00:17:18.730><c> still</c><00:17:19.000><c> embedding</c><00:17:19.420><c> based</c>

00:17:19.620 --> 00:17:19.630 align:start position:0%
while we are still embedding based
 

00:17:19.630 --> 00:17:21.720 align:start position:0%
while we are still embedding based
practices<00:17:20.319><c> and</c><00:17:20.500><c> designing</c><00:17:20.980><c> policies</c><00:17:21.459><c> or</c><00:17:21.610><c> at</c>

00:17:21.720 --> 00:17:21.730 align:start position:0%
practices and designing policies or at
 

00:17:21.730 --> 00:17:24.860 align:start position:0%
practices and designing policies or at
helping<00:17:22.350><c> consortiums</c><00:17:23.350><c> to</c><00:17:23.530><c> succeed</c><00:17:24.040><c> and</c>

00:17:24.860 --> 00:17:24.870 align:start position:0%
helping consortiums to succeed and
 

00:17:24.870 --> 00:17:27.960 align:start position:0%
helping consortiums to succeed and
conclude<00:17:25.870><c> on</c><00:17:26.050><c> governance</c><00:17:26.559><c> that's</c><00:17:26.970><c> scalable</c>

00:17:27.960 --> 00:17:27.970 align:start position:0%
conclude on governance that's scalable
 

00:17:27.970 --> 00:17:33.840 align:start position:0%
conclude on governance that's scalable
sustainable<00:17:28.240><c> and</c><00:17:29.020><c> inclusive</c><00:17:31.800><c> the</c><00:17:32.800><c> the</c><00:17:33.400><c> small</c>

00:17:33.840 --> 00:17:33.850 align:start position:0%
sustainable and inclusive the the small
 

00:17:33.850 --> 00:17:36.060 align:start position:0%
sustainable and inclusive the the small
medium<00:17:34.210><c> sized</c><00:17:34.420><c> enterprises</c><00:17:34.600><c> has</c><00:17:35.410><c> a</c><00:17:35.440><c> real</c><00:17:35.770><c> risk</c>

00:17:36.060 --> 00:17:36.070 align:start position:0%
medium sized enterprises has a real risk
 

00:17:36.070 --> 00:17:38.250 align:start position:0%
medium sized enterprises has a real risk
here<00:17:36.190><c> of</c><00:17:36.460><c> being</c><00:17:36.700><c> left</c><00:17:37.030><c> out</c><00:17:37.300><c> and</c><00:17:37.780><c> if</c><00:17:37.960><c> you</c><00:17:38.080><c> do</c>

00:17:38.250 --> 00:17:38.260 align:start position:0%
here of being left out and if you do
 

00:17:38.260 --> 00:17:38.810 align:start position:0%
here of being left out and if you do
actually<00:17:38.590><c> do</c>

00:17:38.810 --> 00:17:38.820 align:start position:0%
actually do
 

00:17:38.820 --> 00:17:41.149 align:start position:0%
actually do
look<00:17:38.909><c> at</c><00:17:39.059><c> value</c><00:17:39.419><c> change</c><00:17:39.809><c> and</c><00:17:40.230><c> ecosystems</c><00:17:40.980><c> of</c>

00:17:41.149 --> 00:17:41.159 align:start position:0%
look at value change and ecosystems of
 

00:17:41.159 --> 00:17:44.600 align:start position:0%
look at value change and ecosystems of
many<00:17:41.850><c> consortium</c><00:17:42.570><c> a</c><00:17:43.289><c> lot</c><00:17:43.740><c> of</c><00:17:43.889><c> the</c><00:17:44.009><c> volume</c><00:17:44.399><c> and</c>

00:17:44.600 --> 00:17:44.610 align:start position:0%
many consortium a lot of the volume and
 

00:17:44.610 --> 00:17:46.519 align:start position:0%
many consortium a lot of the volume and
value<00:17:44.970><c> still</c><00:17:45.419><c> comes</c><00:17:45.720><c> from</c><00:17:45.960><c> that</c><00:17:46.080><c> small</c><00:17:46.350><c> and</c>

00:17:46.519 --> 00:17:46.529 align:start position:0%
value still comes from that small and
 

00:17:46.529 --> 00:17:49.039 align:start position:0%
value still comes from that small and
medium-sized<00:17:47.009><c> enterprises</c><00:17:47.639><c> so</c><00:17:48.539><c> how</c><00:17:48.750><c> to</c><00:17:48.809><c> make</c>

00:17:49.039 --> 00:17:49.049 align:start position:0%
medium-sized enterprises so how to make
 

00:17:49.049 --> 00:17:50.990 align:start position:0%
medium-sized enterprises so how to make
sure<00:17:49.259><c> you</c><00:17:49.409><c> set</c><00:17:49.740><c> up</c><00:17:50.000><c> well-designed</c>

00:17:50.990 --> 00:17:51.000 align:start position:0%
sure you set up well-designed
 

00:17:51.000 --> 00:17:52.450 align:start position:0%
sure you set up well-designed
governments<00:17:51.570><c> and</c><00:17:51.690><c> how</c><00:17:51.870><c> do</c><00:17:51.929><c> you</c><00:17:52.080><c> make</c><00:17:52.259><c> sure</c>

00:17:52.450 --> 00:17:52.460 align:start position:0%
governments and how do you make sure
 

00:17:52.460 --> 00:17:56.269 align:start position:0%
governments and how do you make sure
that<00:17:53.460><c> the</c><00:17:53.669><c> way</c><00:17:54.299><c> that</c><00:17:54.600><c> value</c><00:17:55.049><c> is</c><00:17:55.230><c> allocated</c><00:17:56.039><c> who</c>

00:17:56.269 --> 00:17:56.279 align:start position:0%
that the way that value is allocated who
 

00:17:56.279 --> 00:17:59.090 align:start position:0%
that the way that value is allocated who
captures<00:17:56.820><c> the</c><00:17:57.029><c> value</c><00:17:57.389><c> is</c><00:17:57.600><c> fair</c><00:17:58.320><c> in</c><00:17:58.649><c> something</c>

00:17:59.090 --> 00:17:59.100 align:start position:0%
captures the value is fair in something
 

00:17:59.100 --> 00:18:06.409 align:start position:0%
captures the value is fair in something
that<00:17:59.130><c> sustainable</c><00:17:59.970><c> long</c><00:18:00.690><c> term</c><00:18:04.279><c> so</c><00:18:05.419><c> these</c>

00:18:06.409 --> 00:18:06.419 align:start position:0%
that sustainable long term so these
 

00:18:06.419 --> 00:18:10.730 align:start position:0%
that sustainable long term so these
three<00:18:06.779><c> things</c><00:18:07.139><c> are</c><00:18:07.529><c> what</c><00:18:08.039><c> we</c><00:18:08.669><c> see</c><00:18:09.620><c> there's</c><00:18:10.620><c> a</c>

00:18:10.730 --> 00:18:10.740 align:start position:0%
three things are what we see there's a
 

00:18:10.740 --> 00:18:15.669 align:start position:0%
three things are what we see there's a
real<00:18:11.750><c> urgent</c><00:18:12.750><c> need</c><00:18:13.350><c> for</c><00:18:14.539><c> everybody</c>

00:18:15.669 --> 00:18:15.679 align:start position:0%
real urgent need for everybody
 

00:18:15.679 --> 00:18:19.700 align:start position:0%
real urgent need for everybody
technologists<00:18:16.679><c> economists</c><00:18:18.710><c> consultants</c>

00:18:19.700 --> 00:18:19.710 align:start position:0%
technologists economists consultants
 

00:18:19.710 --> 00:18:22.580 align:start position:0%
technologists economists consultants
public<00:18:20.639><c> sector</c><00:18:20.970><c> private</c><00:18:21.240><c> sector</c><00:18:21.809><c> to</c><00:18:22.019><c> lean</c><00:18:22.230><c> in</c>

00:18:22.580 --> 00:18:22.590 align:start position:0%
public sector private sector to lean in
 

00:18:22.590 --> 00:18:25.070 align:start position:0%
public sector private sector to lean in
and<00:18:22.830><c> work</c><00:18:23.789><c> on</c><00:18:24.090><c> helping</c><00:18:24.419><c> to</c><00:18:24.720><c> solve</c><00:18:24.899><c> these</c>

00:18:25.070 --> 00:18:25.080 align:start position:0%
and work on helping to solve these
 

00:18:25.080 --> 00:18:29.090 align:start position:0%
and work on helping to solve these
issues<00:18:25.500><c> it's</c><00:18:26.600><c> today</c><00:18:27.600><c> these</c><00:18:28.169><c> three</c><00:18:28.470><c> things</c><00:18:28.769><c> are</c>

00:18:29.090 --> 00:18:29.100 align:start position:0%
issues it's today these three things are
 

00:18:29.100 --> 00:18:31.519 align:start position:0%
issues it's today these three things are
hampering<00:18:29.789><c> the</c><00:18:29.940><c> ability</c><00:18:30.360><c> of</c><00:18:30.539><c> enterprises</c><00:18:31.350><c> to</c>

00:18:31.519 --> 00:18:31.529 align:start position:0%
hampering the ability of enterprises to
 

00:18:31.529 --> 00:18:33.619 align:start position:0%
hampering the ability of enterprises to
adapt<00:18:31.860><c> and</c><00:18:32.159><c> drive</c><00:18:32.399><c> for</c><00:18:32.730><c> the</c><00:18:32.940><c> acceleration</c><00:18:33.509><c> of</c>

00:18:33.619 --> 00:18:33.629 align:start position:0%
adapt and drive for the acceleration of
 

00:18:33.629 --> 00:18:35.509 align:start position:0%
adapt and drive for the acceleration of
block<00:18:33.870><c> 10</c><00:18:34.080><c> we</c><00:18:34.259><c> need</c><00:18:34.289><c> to</c><00:18:34.500><c> work</c><00:18:34.769><c> on</c><00:18:35.009><c> this</c><00:18:35.159><c> and</c>

00:18:35.509 --> 00:18:35.519 align:start position:0%
block 10 we need to work on this and
 

00:18:35.519 --> 00:18:40.240 align:start position:0%
block 10 we need to work on this and
just<00:18:36.509><c> to</c><00:18:36.629><c> end</c><00:18:36.809><c> I</c><00:18:37.259><c> find</c><00:18:38.009><c> this</c><00:18:38.360><c> kind</c><00:18:39.360><c> of</c><00:18:39.480><c> powerful</c>

00:18:40.240 --> 00:18:40.250 align:start position:0%
just to end I find this kind of powerful
 

00:18:40.250 --> 00:18:43.490 align:start position:0%
just to end I find this kind of powerful
why<00:18:41.250><c> when</c><00:18:41.820><c> we</c><00:18:42.000><c> want</c><00:18:42.179><c> me</c><00:18:42.360><c> to</c><00:18:42.539><c> get</c><00:18:42.690><c> collaboration</c>

00:18:43.490 --> 00:18:43.500 align:start position:0%
why when we want me to get collaboration
 

00:18:43.500 --> 00:18:46.039 align:start position:0%
why when we want me to get collaboration
right<00:18:43.710><c> the</c><00:18:44.009><c> power</c><00:18:44.279><c> of</c><00:18:44.639><c> getting</c><00:18:45.269><c> collaboration</c>

00:18:46.039 --> 00:18:46.049 align:start position:0%
right the power of getting collaboration
 

00:18:46.049 --> 00:18:47.899 align:start position:0%
right the power of getting collaboration
right<00:18:46.230><c> I</c><00:18:46.470><c> don't</c><00:18:46.950><c> know</c><00:18:47.190><c> if</c><00:18:47.309><c> any</c><00:18:47.519><c> of</c><00:18:47.639><c> you</c>

00:18:47.899 --> 00:18:47.909 align:start position:0%
right I don't know if any of you
 

00:18:47.909 --> 00:18:50.509 align:start position:0%
right I don't know if any of you
remember<00:18:48.090><c> the</c><00:18:48.509><c> gut</c><00:18:48.779><c> Moke</c><00:18:49.289><c> campaign</c><00:18:49.980><c> this</c><00:18:50.309><c> is</c><00:18:50.490><c> a</c>

00:18:50.509 --> 00:18:50.519 align:start position:0%
remember the gut Moke campaign this is a
 

00:18:50.519 --> 00:18:53.840 align:start position:0%
remember the gut Moke campaign this is a
campaign<00:18:50.970><c> in</c><00:18:51.120><c> the</c><00:18:51.240><c> 80s</c><00:18:52.129><c> the</c><00:18:53.129><c> milk</c><00:18:53.549><c> industry</c>

00:18:53.840 --> 00:18:53.850 align:start position:0%
campaign in the 80s the milk industry
 

00:18:53.850 --> 00:18:57.159 align:start position:0%
campaign in the 80s the milk industry
was<00:18:54.779><c> really</c><00:18:55.080><c> suffering</c><00:18:55.379><c> and</c><00:18:55.830><c> then</c><00:18:56.399><c> they</c>

00:18:57.159 --> 00:18:57.169 align:start position:0%
was really suffering and then they
 

00:18:57.169 --> 00:19:00.889 align:start position:0%
was really suffering and then they
collaborated<00:18:58.169><c> competitors</c><00:18:59.129><c> set</c><00:19:00.029><c> up</c><00:19:00.179><c> ways</c><00:19:00.509><c> to</c>

00:19:00.889 --> 00:19:00.899 align:start position:0%
collaborated competitors set up ways to
 

00:19:00.899 --> 00:19:03.919 align:start position:0%
collaborated competitors set up ways to
collaborate<00:19:01.970><c> through</c><00:19:02.970><c> this</c><00:19:03.240><c> campaign</c><00:19:03.690><c> they</c>

00:19:03.919 --> 00:19:03.929 align:start position:0%
collaborate through this campaign they
 

00:19:03.929 --> 00:19:06.259 align:start position:0%
collaborate through this campaign they
completely<00:19:04.679><c> changed</c><00:19:05.039><c> the</c><00:19:05.220><c> way</c><00:19:05.460><c> the</c><00:19:05.730><c> world</c><00:19:05.759><c> I</c>

00:19:06.259 --> 00:19:06.269 align:start position:0%
completely changed the way the world I
 

00:19:06.269 --> 00:19:07.820 align:start position:0%
completely changed the way the world I
mean<00:19:06.450><c> I'm</c><00:19:06.600><c> from</c><00:19:06.779><c> South</c><00:19:06.990><c> Africa</c><00:19:07.440><c> at</c><00:19:07.529><c> the</c><00:19:07.590><c> time</c>

00:19:07.820 --> 00:19:07.830 align:start position:0%
mean I'm from South Africa at the time
 

00:19:07.830 --> 00:19:11.149 align:start position:0%
mean I'm from South Africa at the time
that<00:19:08.720><c> the</c><00:19:09.720><c> ways</c><00:19:09.899><c> we</c><00:19:10.289><c> were</c><00:19:10.440><c> feeling</c><00:19:10.679><c> from</c><00:19:11.039><c> this</c>

00:19:11.149 --> 00:19:11.159 align:start position:0%
that the ways we were feeling from this
 

00:19:11.159 --> 00:19:15.049 align:start position:0%
that the ways we were feeling from this
campaign<00:19:12.919><c> was</c><00:19:13.919><c> felt</c><00:19:14.220><c> all</c><00:19:14.429><c> the</c><00:19:14.549><c> way</c><00:19:14.639><c> down</c><00:19:14.850><c> in</c>

00:19:15.049 --> 00:19:15.059 align:start position:0%
campaign was felt all the way down in
 

00:19:15.059 --> 00:19:18.470 align:start position:0%
campaign was felt all the way down in
the<00:19:15.149><c> south</c><00:19:15.389><c> of</c><00:19:15.509><c> Africa</c><00:19:15.980><c> the</c><00:19:16.980><c> way</c><00:19:17.190><c> that</c><00:19:17.519><c> mug</c><00:19:17.879><c> is</c>

00:19:18.470 --> 00:19:18.480 align:start position:0%
the south of Africa the way that mug is
 

00:19:18.480 --> 00:19:21.529 align:start position:0%
the south of Africa the way that mug is
perceived<00:19:19.320><c> the</c><00:19:19.590><c> way</c><00:19:19.740><c> that</c><00:19:20.039><c> it</c><00:19:20.250><c> was</c><00:19:20.539><c> regulator</c>

00:19:21.529 --> 00:19:21.539 align:start position:0%
perceived the way that it was regulator
 

00:19:21.539 --> 00:19:25.330 align:start position:0%
perceived the way that it was regulator
school<00:19:22.169><c> house</c><00:19:22.860><c> everybody</c><00:19:23.490><c> was</c><00:19:23.820><c> looking</c>

00:19:25.330 --> 00:19:25.340 align:start position:0%
school house everybody was looking
 

00:19:25.340 --> 00:19:28.190 align:start position:0%
school house everybody was looking
around<00:19:26.340><c> the</c><00:19:26.639><c> value</c><00:19:26.909><c> of</c><00:19:27.029><c> look</c><00:19:27.389><c> at</c><00:19:27.659><c> the</c><00:19:27.779><c> time</c><00:19:27.990><c> has</c>

00:19:28.190 --> 00:19:28.200 align:start position:0%
around the value of look at the time has
 

00:19:28.200 --> 00:19:30.860 align:start position:0%
around the value of look at the time has
completely<00:19:28.590><c> changed</c><00:19:29.000><c> through</c><00:19:30.000><c> collaboration</c>

00:19:30.860 --> 00:19:30.870 align:start position:0%
completely changed through collaboration
 

00:19:30.870 --> 00:19:34.159 align:start position:0%
completely changed through collaboration
of<00:19:31.080><c> these</c><00:19:31.970><c> organizations</c><00:19:32.970><c> and</c><00:19:33.240><c> for</c><00:19:33.779><c> me</c><00:19:33.929><c> that</c>

00:19:34.159 --> 00:19:34.169 align:start position:0%
of these organizations and for me that
 

00:19:34.169 --> 00:19:36.889 align:start position:0%
of these organizations and for me that
again<00:19:34.500><c> just</c><00:19:34.559><c> shows</c><00:19:35.220><c> that</c><00:19:35.250><c> in</c><00:19:36.000><c> the</c><00:19:36.509><c> power</c><00:19:36.809><c> of</c>

00:19:36.889 --> 00:19:36.899 align:start position:0%
again just shows that in the power of
 

00:19:36.899 --> 00:19:39.619 align:start position:0%
again just shows that in the power of
collaboration<00:19:37.460><c> to</c><00:19:38.460><c> get</c><00:19:38.700><c> this</c><00:19:38.879><c> right</c><00:19:39.149><c> for</c><00:19:39.480><c> us</c>

00:19:39.619 --> 00:19:39.629 align:start position:0%
collaboration to get this right for us
 

00:19:39.629 --> 00:19:44.749 align:start position:0%
collaboration to get this right for us
to<00:19:40.019><c> really</c><00:19:40.950><c> accelerate</c><00:19:42.679><c> this</c><00:19:43.679><c> and</c><00:19:44.009><c> unlock</c><00:19:44.580><c> the</c>

00:19:44.749 --> 00:19:44.759 align:start position:0%
to really accelerate this and unlock the
 

00:19:44.759 --> 00:19:47.389 align:start position:0%
to really accelerate this and unlock the
potential<00:19:45.120><c> of</c><00:19:45.509><c> the</c><00:19:45.830><c> distributed</c><00:19:46.830><c> piece</c><00:19:47.070><c> of</c>

00:19:47.389 --> 00:19:47.399 align:start position:0%
potential of the distributed piece of
 

00:19:47.399 --> 00:19:51.409 align:start position:0%
potential of the distributed piece of
this<00:19:47.970><c> technology</c><00:19:48.299><c> we</c><00:19:49.289><c> need</c><00:19:49.590><c> to</c><00:19:50.100><c> to</c><00:19:50.760><c> get</c><00:19:51.090><c> and</c>

00:19:51.409 --> 00:19:51.419 align:start position:0%
this technology we need to to get and
 

00:19:51.419 --> 00:19:52.780 align:start position:0%
this technology we need to to get and
help<00:19:51.809><c> project</c>

00:19:52.780 --> 00:19:52.790 align:start position:0%
help project
 

00:19:52.790 --> 00:19:55.400 align:start position:0%
help project
organizations<00:19:53.790><c> navigate</c><00:19:54.510><c> through</c><00:19:55.260><c> these</c>

00:19:55.400 --> 00:19:55.410 align:start position:0%
organizations navigate through these
 

00:19:55.410 --> 00:20:01.940 align:start position:0%
organizations navigate through these
challenges<00:19:56.100><c> so</c><00:19:58.130><c> with</c><00:19:59.130><c> that</c><00:19:59.340><c> I</c><00:19:59.720><c> have</c><00:20:00.720><c> I'm</c><00:20:01.560><c> also</c>

00:20:01.940 --> 00:20:01.950 align:start position:0%
challenges so with that I have I'm also
 

00:20:01.950 --> 00:20:03.980 align:start position:0%
challenges so with that I have I'm also
pretty<00:20:02.670><c> much</c><00:20:02.880><c> out</c><00:20:03.090><c> of</c><00:20:03.120><c> time</c><00:20:03.240><c> so</c><00:20:03.720><c> that's</c><00:20:03.870><c> my</c>

00:20:03.980 --> 00:20:03.990 align:start position:0%
pretty much out of time so that's my
 

00:20:03.990 --> 00:20:06.920 align:start position:0%
pretty much out of time so that's my
contact<00:20:04.470><c> details</c><00:20:05.060><c> if</c><00:20:06.060><c> any</c><00:20:06.360><c> of</c><00:20:06.510><c> you</c><00:20:06.690><c> have</c><00:20:06.780><c> any</c>

00:20:06.920 --> 00:20:06.930 align:start position:0%
contact details if any of you have any
 

00:20:06.930 --> 00:20:08.750 align:start position:0%
contact details if any of you have any
more<00:20:07.080><c> questions</c><00:20:07.560><c> around</c><00:20:07.830><c> the</c><00:20:08.010><c> consortium</c>

00:20:08.750 --> 00:20:08.760 align:start position:0%
more questions around the consortium
 

00:20:08.760 --> 00:20:11.720 align:start position:0%
more questions around the consortium
work<00:20:09.690><c> that</c><00:20:09.990><c> we</c><00:20:10.170><c> do</c><00:20:10.380><c> across</c><00:20:11.310><c> different</c>

00:20:11.720 --> 00:20:11.730 align:start position:0%
work that we do across different
 

00:20:11.730 --> 00:20:13.970 align:start position:0%
work that we do across different
industries<00:20:12.020><c> across</c><00:20:13.020><c> different</c><00:20:13.470><c> enterprises</c>

00:20:13.970 --> 00:20:13.980 align:start position:0%
industries across different enterprises
 

00:20:13.980 --> 00:20:17.240 align:start position:0%
industries across different enterprises
or<00:20:14.370><c> you</c><00:20:14.720><c> want</c><00:20:15.720><c> to</c><00:20:15.840><c> help</c><00:20:16.140><c> in</c><00:20:16.440><c> this</c><00:20:16.530><c> effort</c><00:20:16.770><c> we</c>

00:20:17.240 --> 00:20:17.250 align:start position:0%
or you want to help in this effort we
 

00:20:17.250 --> 00:20:19.430 align:start position:0%
or you want to help in this effort we
are<00:20:17.400><c> looking</c><00:20:17.730><c> to</c><00:20:17.970><c> design</c><00:20:18.150><c> an</c><00:20:18.720><c> frameworks</c><00:20:19.290><c> to</c>

00:20:19.430 --> 00:20:19.440 align:start position:0%
are looking to design an frameworks to
 

00:20:19.440 --> 00:20:22.610 align:start position:0%
are looking to design an frameworks to
help<00:20:19.740><c> with</c><00:20:20.480><c> what</c><00:20:21.480><c> constitutes</c><00:20:22.290><c> fair</c>

00:20:22.610 --> 00:20:22.620 align:start position:0%
help with what constitutes fair
 

00:20:22.620 --> 00:20:24.850 align:start position:0%
help with what constitutes fair
inclusive<00:20:23.370><c> and</c><00:20:23.520><c> well</c><00:20:23.640><c> designed</c><00:20:24.000><c> governance</c>

00:20:24.850 --> 00:20:24.860 align:start position:0%
inclusive and well designed governance
 

00:20:24.860 --> 00:20:27.560 align:start position:0%
inclusive and well designed governance
and<00:20:25.860><c> will</c><00:20:26.070><c> continue</c><00:20:26.430><c> to</c><00:20:26.640><c> be</c><00:20:26.880><c> quite</c><00:20:27.030><c> active</c><00:20:27.300><c> in</c>

00:20:27.560 --> 00:20:27.570 align:start position:0%
and will continue to be quite active in
 

00:20:27.570 --> 00:20:29.360 align:start position:0%
and will continue to be quite active in
the<00:20:27.690><c> space</c><00:20:27.960><c> for</c><00:20:28.260><c> the</c><00:20:28.350><c> for</c><00:20:28.680><c> the</c><00:20:28.770><c> coming</c><00:20:29.100><c> years</c>

00:20:29.360 --> 00:20:29.370 align:start position:0%
the space for the for the coming years
 

00:20:29.370 --> 00:20:32.870 align:start position:0%
the space for the for the coming years
and<00:20:30.080><c> then</c><00:20:31.080><c> I</c><00:20:31.200><c> believe</c><00:20:31.500><c> there's</c><00:20:31.740><c> a</c><00:20:31.800><c> QR</c><00:20:32.250><c> code</c><00:20:32.340><c> if</c>

00:20:32.870 --> 00:20:32.880 align:start position:0%
and then I believe there's a QR code if
 

00:20:32.880 --> 00:20:34.940 align:start position:0%
and then I believe there's a QR code if
any<00:20:33.060><c> of</c><00:20:33.180><c> you</c><00:20:33.360><c> needed</c><00:20:33.720><c> that</c><00:20:33.870><c> thank</c><00:20:34.800><c> you</c><00:20:34.890><c> very</c>

00:20:34.940 --> 00:20:34.950 align:start position:0%
any of you needed that thank you very
 

00:20:34.950 --> 00:20:36.960 align:start position:0%
any of you needed that thank you very
much<00:20:35.430><c> for</c><00:20:35.580><c> your</c><00:20:35.700><c> time</c>

00:20:36.960 --> 00:20:36.970 align:start position:0%
much for your time
 

00:20:36.970 --> 00:20:42.119 align:start position:0%
much for your time
[Applause]