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all<00:00:19.920><c> right</c><00:00:20.920><c> uh</c><00:00:21.800><c> thanks</c><00:00:22.000><c> a</c><00:00:22.119><c> lot</c><00:00:22.279><c> for</c>

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all right uh thanks a lot for
 

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all right uh thanks a lot for
coming<00:00:24.119><c> thanks</c><00:00:24.320><c> a</c><00:00:24.439><c> lot</c><00:00:24.680><c> to</c><00:00:24.880><c> Devcon</c><00:00:25.400><c> for</c><00:00:25.560><c> having</c>

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coming thanks a lot to Devcon for having
 

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coming thanks a lot to Devcon for having
me<00:00:27.320><c> um</c><00:00:28.119><c> first</c><00:00:28.439><c> things</c><00:00:28.840><c> first</c><00:00:29.199><c> this</c><00:00:29.320><c> is</c><00:00:29.519><c> my</c>

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me um first things first this is my
 

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me um first things first this is my
understanding<00:00:30.400><c> it's</c><00:00:30.519><c> not</c><00:00:30.679><c> the</c><00:00:30.840><c> official</c><00:00:31.320><c> IBM</c>

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understanding it's not the official IBM
 

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understanding it's not the official IBM
line<00:00:33.640><c> and</c><00:00:33.960><c> I'll</c><00:00:34.719><c> be</c><00:00:34.920><c> talking</c><00:00:35.280><c> about</c><00:00:36.120><c> the</c>

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line and I'll be talking about the
 

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line and I'll be talking about the
exploration<00:00:37.120><c> project</c><00:00:37.480><c> MTN</c><00:00:38.320><c> it's</c><00:00:38.559><c> not</c><00:00:38.840><c> a</c>

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exploration project MTN it's not a
 

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exploration project MTN it's not a
product<00:00:41.120><c> it's</c><00:00:41.280><c> a</c><00:00:41.520><c> research</c>

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project<00:00:45.879><c> and</c><00:00:46.480><c> this</c><00:00:46.600><c> is</c><00:00:46.960><c> basically</c><00:00:47.960><c> how</c><00:00:48.079><c> it</c>

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project and this is basically how it
 

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project and this is basically how it
mostly

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looks<00:00:51.960><c> so</c><00:00:52.399><c> the</c><00:00:52.520><c> team</c><00:00:52.800><c> MTM</c><00:00:53.600><c> is</c><00:00:54.239><c> uh</c><00:00:54.559><c> sponsored</c><00:00:55.000><c> by</c>

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looks so the team MTM is uh sponsored by
 

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looks so the team MTM is uh sponsored by
MC<00:00:55.559><c> Divine</c><00:00:56.559><c> who's</c><00:00:56.800><c> the</c><00:00:56.920><c> vice</c><00:00:57.160><c> president</c><00:00:57.440><c> for</c>

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MC Divine who's the vice president for
 

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MC Divine who's the vice president for
cloud<00:00:57.879><c> Innovation</c><00:00:58.199><c> at</c><00:00:58.359><c> IBM</c><00:00:58.719><c> and</c><00:00:58.840><c> it's</c><00:00:59.039><c> run</c><00:01:00.000><c> by</c>

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cloud Innovation at IBM and it's run by
 

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cloud Innovation at IBM and it's run by
Egan<00:01:00.359><c> Ford</c><00:01:00.719><c> a</c><00:01:00.879><c> distinguished</c><00:01:01.320><c> engineer</c><00:01:01.840><c> who's</c>

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Egan Ford a distinguished engineer who's
 

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Egan Ford a distinguished engineer who's
uh<00:01:02.840><c> working</c><00:01:03.199><c> 24/7</c><00:01:03.879><c> in</c><00:01:04.000><c> the</c><00:01:04.519><c> moment</c><00:01:05.519><c> um</c><00:01:05.720><c> pushing</c>

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uh working 24/7 in the moment um pushing
 

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uh working 24/7 in the moment um pushing
this<00:01:06.200><c> and</c><00:01:06.320><c> also</c><00:01:06.560><c> pushing</c><00:01:06.840><c> this</c><00:01:07.000><c> within</c><00:01:07.280><c> IBM</c>

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this and also pushing this within IBM
 

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this and also pushing this within IBM
that's<00:01:08.080><c> that's</c><00:01:08.240><c> the</c><00:01:08.360><c> important</c><00:01:08.799><c> part</c><00:01:08.960><c> to</c>

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that's that's the important part to
 

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that's that's the important part to
understand<00:01:09.920><c> there</c><00:01:10.920><c> and</c><00:01:11.439><c> uh</c><00:01:11.640><c> with</c><00:01:11.840><c> r</c><00:01:12.360><c> lme</c><00:01:13.360><c> um</c>

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understand there and uh with r lme um
 

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understand there and uh with r lme um
driving<00:01:14.640><c> the</c><00:01:14.799><c> bus</c><00:01:15.000><c> and</c><00:01:15.439><c> 12</c><00:01:15.759><c> Engineers</c><00:01:16.479><c> that</c>

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driving the bus and 12 Engineers that
 

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driving the bus and 12 Engineers that
are<00:01:16.759><c> working</c><00:01:17.080><c> on</c><00:01:17.320><c> this</c>

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are working on this
 

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are working on this
project<00:01:19.720><c> I'm</c><00:01:20.000><c> Henning</c><00:01:20.320><c> d</c><00:01:21.320><c> uh</c><00:01:21.479><c> I'm</c><00:01:21.600><c> a</c><00:01:21.880><c> senior</c>

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project I'm Henning d uh I'm a senior
 

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project I'm Henning d uh I'm a senior
programmer<00:01:22.920><c> at</c><00:01:23.119><c> the</c><00:01:23.280><c> blockchain</c><00:01:23.680><c> group</c><00:01:23.960><c> at</c>

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programmer at the blockchain group at
 

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programmer at the blockchain group at
IBM<00:01:25.280><c> and</c><00:01:25.640><c> I</c><00:01:25.799><c> have</c><00:01:26.400><c> prior</c><00:01:27.119><c> experience</c><00:01:27.799><c> for</c>

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IBM and I have prior experience for
 

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IBM and I have prior experience for
example<00:01:28.320><c> in</c><00:01:28.479><c> distributed</c><00:01:29.000><c> databases</c><00:01:30.360><c> which</c>

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example in distributed databases which
 

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example in distributed databases which
come<00:01:31.040><c> in</c><00:01:31.640><c> quite</c><00:01:32.000><c> handy</c><00:01:32.600><c> sometimes</c><00:01:32.920><c> in</c><00:01:33.240><c> this</c>

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come in quite handy sometimes in this
 

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come in quite handy sometimes in this
particular<00:01:34.240><c> field</c><00:01:35.240><c> but</c><00:01:35.399><c> also</c><00:01:35.640><c> with</c><00:01:35.840><c> high</c>

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particular field but also with high
 

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particular field but also with high
velocity<00:01:36.600><c> and</c><00:01:37.200><c> scalability</c><00:01:38.200><c> as</c><00:01:38.399><c> these</c>

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velocity and scalability as these
 

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velocity and scalability as these
problems<00:01:38.960><c> are</c><00:01:39.200><c> of</c><00:01:39.399><c> course</c><00:01:40.040><c> nothing</c><00:01:40.320><c> new</c><00:01:40.560><c> in</c>

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problems are of course nothing new in
 

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problems are of course nothing new in
the<00:01:40.759><c> world</c><00:01:40.960><c> of</c><00:01:41.119><c> distributed</c>

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databases<00:01:44.799><c> so</c><00:01:45.719><c> MTN</c><00:01:46.719><c> is</c><00:01:47.040><c> an</c><00:01:47.240><c> acronym</c><00:01:47.640><c> for</c>

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databases so MTN is an acronym for
 

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databases so MTN is an acronym for
multiplying<00:01:48.640><c> things</c>

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multiplying things
 

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multiplying things
needlessly<00:01:50.520><c> and</c><00:01:51.000><c> uh</c><00:01:51.320><c> this</c><00:01:51.439><c> was</c><00:01:51.600><c> a</c><00:01:51.799><c> pun</c><00:01:52.680><c> a</c>

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needlessly and uh this was a pun a
 

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needlessly and uh this was a pun a
little<00:01:52.960><c> bit</c><00:01:53.119><c> of</c><00:01:53.280><c> how</c><00:01:53.479><c> blockchain</c><00:01:54.040><c> works</c><00:01:55.040><c> and</c>

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little bit of how blockchain works and
 

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little bit of how blockchain works and
maybe<00:01:55.399><c> it's</c><00:01:55.520><c> not</c><00:01:55.680><c> quite</c><00:01:55.880><c> that</c><00:01:56.039><c> needless</c><00:01:56.520><c> right</c>

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maybe it's not quite that needless right
 

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maybe it's not quite that needless right
uh<00:01:58.479><c> and</c><00:01:58.600><c> it's</c><00:01:58.759><c> really</c><00:01:58.960><c> about</c><00:01:59.240><c> Aon</c><00:02:00.200><c> processing</c>

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uh and it's really about Aon processing
 

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uh and it's really about Aon processing
communication<00:02:01.759><c> and</c><00:02:02.000><c> coordination</c><00:02:03.000><c> between</c>

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communication and coordination between
 

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communication and coordination between
the<00:02:03.880><c> edge</c><00:02:04.840><c> and</c><00:02:05.000><c> the</c>

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the edge and the
 

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the edge and the
cloud<00:02:07.680><c> so</c><00:02:08.479><c> where</c><00:02:08.640><c> we're</c><00:02:08.879><c> at</c><00:02:09.399><c> we</c><00:02:09.520><c> saw</c><00:02:09.720><c> this</c>

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cloud so where we're at we saw this
 

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cloud so where we're at we saw this
diagram<00:02:10.319><c> before</c><00:02:10.720><c> today</c><00:02:11.039><c> even</c><00:02:11.319><c> I</c><00:02:11.480><c> think</c><00:02:12.000><c> uh</c>

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diagram before today even I think uh
 

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diagram before today even I think uh
we're<00:02:12.400><c> at</c><00:02:12.640><c> at</c><00:02:12.760><c> a</c><00:02:13.640><c> historic</c><00:02:14.120><c> explosion</c><00:02:14.720><c> of</c>

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we're at at a historic explosion of
 

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we're at at a historic explosion of
calculation<00:02:15.760><c> power</c><00:02:16.000><c> of</c><00:02:16.200><c> processing</c><00:02:16.760><c> power</c>

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calculation power of processing power
 

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calculation power of processing power
and<00:02:17.879><c> this</c><00:02:18.000><c> is</c><00:02:18.160><c> of</c><00:02:18.319><c> course</c><00:02:18.640><c> driving</c><00:02:19.040><c> the</c>

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and this is of course driving the
 

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and this is of course driving the
internet<00:02:19.519><c> of</c><00:02:19.680><c> things</c><00:02:20.080><c> because</c><00:02:20.360><c> more</c><00:02:20.519><c> and</c><00:02:20.680><c> more</c>

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internet of things because more and more
 

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internet of things because more and more
small<00:02:21.680><c> devices</c><00:02:22.120><c> are</c><00:02:22.280><c> becoming</c><00:02:22.599><c> more</c><00:02:22.760><c> and</c><00:02:22.879><c> more</c>

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small devices are becoming more and more
 

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small devices are becoming more and more
intelligent<00:02:26.480><c> iot</c><00:02:27.480><c> as</c><00:02:27.680><c> a</c><00:02:27.920><c> phomen</c><00:02:28.440><c> is</c><00:02:28.720><c> actually</c>

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intelligent iot as a phomen is actually
 

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intelligent iot as a phomen is actually
already<00:02:29.560><c> here</c>

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already here
 

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already here
um<00:02:30.599><c> there</c><00:02:30.680><c> are</c><00:02:31.040><c> huge</c><00:02:31.360><c> success</c><00:02:31.720><c> stories</c><00:02:32.040><c> in</c><00:02:32.160><c> the</c>

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um there are huge success stories in the
 

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um there are huge success stories in the
industry<00:02:33.120><c> for</c><00:02:33.280><c> example</c><00:02:33.680><c> jet</c><00:02:33.920><c> engines</c><00:02:34.519><c> the</c><00:02:34.640><c> way</c>

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industry for example jet engines the way
 

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industry for example jet engines the way
that<00:02:35.080><c> they</c><00:02:35.200><c> are</c><00:02:36.200><c> checked</c><00:02:37.000><c> every</c><00:02:37.239><c> second</c><00:02:37.640><c> and</c>

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that they are checked every second and
 

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that they are checked every second and
uh<00:02:38.360><c> traced</c><00:02:38.879><c> and</c><00:02:39.080><c> tracked</c><00:02:39.440><c> and</c><00:02:40.159><c> uh</c><00:02:40.280><c> the</c><00:02:40.400><c> way</c>

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uh traced and tracked and uh the way
 

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uh traced and tracked and uh the way
that<00:02:41.159><c> uh</c><00:02:41.319><c> a</c><00:02:41.440><c> new</c><00:02:41.640><c> business</c><00:02:41.920><c> model</c><00:02:42.239><c> basically</c>

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that uh a new business model basically
 

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that uh a new business model basically
has<00:02:42.800><c> evolved</c><00:02:43.200><c> from</c><00:02:43.400><c> the</c><00:02:43.560><c> way</c><00:02:43.760><c> that</c><00:02:44.400><c> they</c><00:02:44.560><c> are</c>

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has evolved from the way that they are
 

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has evolved from the way that they are
constantly<00:02:45.560><c> online</c><00:02:46.560><c> that</c><00:02:46.680><c> is</c><00:02:46.840><c> something</c><00:02:47.120><c> that</c>

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constantly online that is something that
 

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constantly online that is something that
is<00:02:47.319><c> a</c><00:02:47.480><c> reality</c><00:02:48.000><c> now</c><00:02:48.840><c> there</c><00:02:48.920><c> are</c><00:02:49.200><c> also</c>

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is a reality now there are also
 

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is a reality now there are also
disappointments<00:02:50.720><c> where</c><00:02:50.920><c> for</c><00:02:51.080><c> example</c><00:02:51.400><c> in</c><00:02:51.519><c> the</c>

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disappointments where for example in the
 

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disappointments where for example in the
consumer<00:02:52.080><c> sector</c><00:02:52.560><c> things</c><00:02:52.840><c> didn't</c><00:02:53.360><c> pick</c><00:02:53.599><c> up</c>

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consumer sector things didn't pick up
 

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consumer sector things didn't pick up
the<00:02:54.080><c> way</c><00:02:54.319><c> that</c><00:02:54.640><c> they</c><00:02:54.760><c> might</c><00:02:54.879><c> have</c><00:02:55.040><c> been</c>

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the way that they might have been
 

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the way that they might have been
expected<00:02:56.040><c> for</c><00:02:56.239><c> example</c><00:02:56.760><c> you</c><00:02:56.879><c> would</c><00:02:57.760><c> uh</c><00:02:57.879><c> still</c>

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expected for example you would uh still
 

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expected for example you would uh still
not<00:02:58.280><c> see</c><00:02:58.599><c> too</c><00:02:58.760><c> many</c><00:02:59.200><c> uh</c><00:02:59.319><c> TVs</c><00:02:59.879><c> that</c><00:03:00.080><c> actually</c>

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not see too many uh TVs that actually
 

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not see too many uh TVs that actually
are<00:03:00.480><c> used</c><00:03:00.800><c> to</c><00:03:01.519><c> uh</c><00:03:02.080><c> use</c><00:03:02.360><c> the</c><00:03:02.480><c> internet</c>

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are used to uh use the internet
 

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are used to uh use the internet
with<00:03:04.640><c> the</c><00:03:04.760><c> motivation</c><00:03:05.159><c> for</c><00:03:05.599><c> MDM</c><00:03:06.599><c> is</c><00:03:06.840><c> that</c><00:03:07.319><c> as</c>

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with the motivation for MDM is that as
 

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with the motivation for MDM is that as
more<00:03:07.599><c> and</c><00:03:07.799><c> more</c><00:03:08.120><c> devices</c><00:03:08.640><c> around</c><00:03:08.920><c> us</c><00:03:09.440><c> become</c>

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more and more devices around us become
 

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more and more devices around us become
more<00:03:10.120><c> and</c><00:03:10.239><c> more</c>

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more and more
 

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more and more
intelligent<00:03:12.120><c> um</c><00:03:12.280><c> the</c><00:03:12.440><c> digital</c><00:03:12.879><c> experience</c><00:03:13.280><c> is</c>

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intelligent um the digital experience is
 

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intelligent um the digital experience is
going<00:03:13.640><c> to</c><00:03:13.879><c> be</c><00:03:14.959><c> changing</c><00:03:15.959><c> and</c><00:03:16.080><c> more</c><00:03:16.239><c> and</c><00:03:16.400><c> more</c>

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going to be changing and more and more
 

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going to be changing and more and more
of<00:03:16.720><c> these</c><00:03:16.920><c> devices</c><00:03:17.319><c> will</c><00:03:17.519><c> be</c><00:03:18.239><c> connected</c>

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of these devices will be connected
 

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of these devices will be connected
directly<00:03:19.360><c> to</c><00:03:19.560><c> each</c><00:03:19.680><c> other</c><00:03:20.080><c> peer-to-peer</c><00:03:20.640><c> uh</c>

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directly to each other peer-to-peer uh
 

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directly to each other peer-to-peer uh
instead<00:03:21.959><c> of</c><00:03:22.080><c> to</c><00:03:22.360><c> centralized</c><00:03:22.879><c> Cloud</c><00:03:23.280><c> just</c>

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instead of to centralized Cloud just
 

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instead of to centralized Cloud just
because<00:03:23.920><c> they</c>

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because they
 

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because they
can<00:03:25.879><c> so</c><00:03:26.840><c> what's</c><00:03:27.080><c> emerging</c><00:03:27.920><c> there</c><00:03:28.920><c> is</c><00:03:29.319><c> uh</c><00:03:29.480><c> has</c>

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can so what's emerging there is uh has
 

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can so what's emerging there is uh has
been<00:03:29.959><c> called</c><00:03:30.319><c> a</c><00:03:30.480><c> devis</c>

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been called a devis
 

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been called a devis
democracy<00:03:32.480><c> in</c><00:03:32.599><c> the</c><00:03:32.720><c> best</c><00:03:33.080><c> case</c><00:03:34.080><c> where</c><00:03:34.519><c> the</c>

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democracy in the best case where the
 

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democracy in the best case where the
power<00:03:35.159><c> in</c><00:03:35.319><c> the</c><00:03:35.400><c> internet</c><00:03:35.799><c> of</c><00:03:36.239><c> of</c><00:03:36.400><c> things</c><00:03:36.680><c> will</c>

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power in the internet of of things will
 

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power in the internet of of things will
actually<00:03:37.239><c> shift</c><00:03:37.799><c> from</c><00:03:38.159><c> the</c><00:03:38.799><c> center</c><00:03:39.799><c> to</c><00:03:40.000><c> the</c>

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actually shift from the center to the
 

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actually shift from the center to the
edge<00:03:41.879><c> and</c><00:03:42.200><c> while</c><00:03:42.480><c> that</c>

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edge and while that
 

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edge and while that
happens<00:03:44.560><c> what</c><00:03:44.760><c> can</c><00:03:45.000><c> happen</c><00:03:45.319><c> there</c><00:03:45.519><c> is</c><00:03:45.640><c> that</c><00:03:45.799><c> a</c>

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happens what can happen there is that a
 

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happens what can happen there is that a
liquid<00:03:46.280><c> Market</c><00:03:46.840><c> can</c><00:03:47.040><c> emerge</c><00:03:47.480><c> where</c><00:03:47.720><c> devices</c>

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liquid Market can emerge where devices
 

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liquid Market can emerge where devices
are<00:03:48.239><c> dealing</c><00:03:48.599><c> directly</c><00:03:49.040><c> with</c><00:03:49.200><c> each</c>

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are dealing directly with each
 

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are dealing directly with each
other<00:03:51.319><c> and</c><00:03:51.680><c> this</c><00:03:51.799><c> will</c><00:03:51.959><c> hopefully</c><00:03:52.319><c> lead</c><00:03:52.760><c> to</c>

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other and this will hopefully lead to
 

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other and this will hopefully lead to
products<00:03:54.159><c> that</c><00:03:54.280><c> we</c><00:03:54.400><c> can't</c><00:03:54.599><c> even</c><00:03:54.799><c> imagine</c>

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products that we can't even imagine
 

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products that we can't even imagine
right

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now<00:03:58.959><c> obviously</c><00:03:59.840><c> to</c><00:04:00.000><c> make</c><00:04:00.280><c> that</c><00:04:00.560><c> happen</c><00:04:01.360><c> the</c>

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now obviously to make that happen the
 

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now obviously to make that happen the
blockchain<00:04:02.079><c> can</c><00:04:02.200><c> be</c><00:04:02.360><c> a</c><00:04:02.519><c> really</c><00:04:02.920><c> strong</c>

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blockchain can be a really strong
 

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blockchain can be a really strong
component<00:04:04.959><c> and</c><00:04:05.599><c> uh</c><00:04:05.799><c> the</c><00:04:05.959><c> needs</c><00:04:06.400><c> that</c><00:04:06.519><c> we</c>

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component and uh the needs that we
 

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component and uh the needs that we
identify<00:04:07.879><c> for</c><00:04:08.159><c> this</c><00:04:08.480><c> new</c><00:04:08.840><c> world</c><00:04:09.159><c> of</c><00:04:09.560><c> device</c>

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identify for this new world of device
 

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identify for this new world of device
democracy<00:04:11.200><c> are</c><00:04:12.159><c> um</c><00:04:12.400><c> to</c><00:04:13.239><c> large</c><00:04:13.599><c> degree</c><00:04:14.079><c> exactly</c>

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democracy are um to large degree exactly
 

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democracy are um to large degree exactly
what<00:04:14.799><c> what</c><00:04:14.879><c> a</c><00:04:15.040><c> blockchain</c><00:04:15.439><c> can</c>

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what what a blockchain can
 

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what what a blockchain can
offer<00:04:17.840><c> so</c><00:04:18.840><c> if</c><00:04:18.959><c> we</c><00:04:19.120><c> look</c><00:04:19.400><c> at</c><00:04:19.680><c> the</c><00:04:19.880><c> actual</c>

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offer so if we look at the actual
 

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offer so if we look at the actual
requirements<00:04:20.759><c> and</c><00:04:20.959><c> needs</c><00:04:21.639><c> of</c><00:04:21.959><c> the</c><00:04:22.360><c> Internet</c>

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requirements and needs of the Internet
 

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requirements and needs of the Internet
of<00:04:23.160><c> Things</c><00:04:24.160><c> realm</c><00:04:24.720><c> today</c><00:04:25.720><c> we</c><00:04:25.880><c> see</c><00:04:26.120><c> a</c><00:04:26.280><c> couple</c><00:04:26.560><c> of</c>

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of Things realm today we see a couple of
 

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of Things realm today we see a couple of
roadblocks<00:04:28.520><c> one</c><00:04:28.680><c> of</c><00:04:28.840><c> them</c><00:04:29.199><c> is</c><00:04:29.919><c> that</c><00:04:30.360><c> the</c>

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roadblocks one of them is that the
 

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roadblocks one of them is that the
architecture<00:04:31.039><c> that</c><00:04:31.160><c> we</c><00:04:31.280><c> have</c><00:04:31.440><c> today</c><00:04:31.759><c> that's</c>

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architecture that we have today that's
 

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architecture that we have today that's
highly<00:04:32.360><c> centralized</c><00:04:33.360><c> won't</c><00:04:33.720><c> necessarily</c>

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highly centralized won't necessarily
 

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highly centralized won't necessarily
scale<00:04:34.919><c> over</c><00:04:35.120><c> the</c><00:04:35.240><c> next</c><00:04:35.440><c> couple</c><00:04:35.720><c> years</c><00:04:36.000><c> we</c><00:04:36.120><c> now</c>

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scale over the next couple years we now
 

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scale over the next couple years we now
have<00:04:36.360><c> an</c><00:04:36.479><c> internet</c><00:04:36.840><c> of</c><00:04:37.000><c> things</c><00:04:38.000><c> that</c><00:04:38.199><c> is</c><00:04:38.919><c> uh</c>

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have an internet of things that is uh
 

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have an internet of things that is uh
having<00:04:39.400><c> a</c><00:04:39.560><c> certain</c><00:04:40.120><c> topology</c><00:04:41.120><c> and</c><00:04:41.520><c> we</c><00:04:41.800><c> will</c><00:04:42.800><c> at</c>

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having a certain topology and we will at
 

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having a certain topology and we will at
any<00:04:43.440><c> rate</c><00:04:44.440><c> uh</c><00:04:44.560><c> want</c><00:04:44.720><c> to</c><00:04:44.840><c> find</c><00:04:45.080><c> a</c><00:04:45.199><c> new</c><00:04:45.440><c> way</c><00:04:46.000><c> of</c>

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any rate uh want to find a new way of
 

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any rate uh want to find a new way of
connecting

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connecting
 

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connecting
devices

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devices
 

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devices
then<00:04:50.639><c> these</c><00:04:50.880><c> connections</c><00:04:51.479><c> have</c><00:04:51.600><c> to</c><00:04:51.800><c> be</c>

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then these connections have to be
 

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then these connections have to be
maintained<00:04:53.000><c> they</c><00:04:53.160><c> have</c><00:04:53.280><c> to</c><00:04:53.440><c> be</c><00:04:53.800><c> uphold</c><00:04:54.800><c> and</c>

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maintained they have to be uphold and
 

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maintained they have to be uphold and
this<00:04:55.240><c> is</c><00:04:55.400><c> going</c><00:04:55.639><c> to</c><00:04:55.840><c> be</c><00:04:56.759><c> creating</c><00:04:57.160><c> some</c>

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this is going to be creating some
 

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this is going to be creating some
expense<00:04:58.720><c> and</c><00:04:58.880><c> somehow</c><00:04:59.800><c> that</c><00:04:59.960><c> has</c><00:05:00.039><c> to</c><00:05:00.160><c> be</c>

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expense and somehow that has to be
 

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expense and somehow that has to be
justified<00:05:00.919><c> and</c><00:05:01.039><c> it's</c><00:05:01.240><c> not</c><00:05:01.520><c> quite</c><00:05:01.759><c> clear</c><00:05:02.039><c> that</c>

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justified and it's not quite clear that
 

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justified and it's not quite clear that
the<00:05:02.440><c> business</c><00:05:02.759><c> business</c><00:05:03.000><c> models</c><00:05:03.320><c> that</c><00:05:03.440><c> we</c>

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the business business models that we
 

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the business business models that we
have<00:05:03.680><c> today</c><00:05:03.960><c> are</c><00:05:04.199><c> actually</c><00:05:04.479><c> doing</c><00:05:05.160><c> that</c><00:05:06.160><c> what</c>

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have today are actually doing that what
 

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have today are actually doing that what
we<00:05:06.479><c> also</c><00:05:06.840><c> are</c><00:05:07.080><c> going</c><00:05:07.280><c> to</c><00:05:07.880><c> realize</c><00:05:08.360><c> is</c><00:05:08.560><c> that</c><00:05:09.360><c> um</c>

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we also are going to realize is that um
 

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we also are going to realize is that um
the<00:05:10.479><c> internet</c><00:05:10.840><c> of</c><00:05:11.199><c> trust</c><00:05:11.720><c> that</c><00:05:11.840><c> we</c><00:05:12.039><c> had</c><00:05:12.919><c> some</c>

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the internet of trust that we had some
 

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the internet of trust that we had some
decades<00:05:13.639><c> ago</c><00:05:14.320><c> without</c><00:05:14.639><c> spamming</c><00:05:15.160><c> everything</c>

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decades ago without spamming everything
 

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decades ago without spamming everything
is<00:05:15.680><c> not</c><00:05:15.800><c> a</c><00:05:15.919><c> reality</c><00:05:16.320><c> anymore</c><00:05:17.080><c> we</c><00:05:17.199><c> can</c><00:05:17.400><c> be</c>

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is not a reality anymore we can be
 

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is not a reality anymore we can be
certain<00:05:18.039><c> that</c><00:05:18.560><c> any</c><00:05:19.560><c> um</c><00:05:19.720><c> system</c><00:05:20.039><c> that</c><00:05:20.160><c> we're</c>

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certain that any um system that we're
 

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certain that any um system that we're
deploying<00:05:20.680><c> today</c><00:05:20.960><c> is</c><00:05:21.080><c> going</c><00:05:21.280><c> to</c><00:05:21.400><c> be</c><00:05:21.600><c> attacked</c>

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deploying today is going to be attacked
 

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deploying today is going to be attacked
and<00:05:22.160><c> his</c><00:05:22.680><c> vulnerabilities</c><00:05:23.360><c> are</c><00:05:23.479><c> going</c><00:05:23.680><c> to</c><00:05:23.800><c> be</c>

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and his vulnerabilities are going to be
 

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and his vulnerabilities are going to be
exploited<00:05:24.759><c> so</c><00:05:25.080><c> security</c><00:05:25.600><c> has</c><00:05:25.840><c> a</c><00:05:26.080><c> very</c><00:05:26.840><c> high</c><00:05:27.840><c> um</c>

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exploited so security has a very high um
 

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exploited so security has a very high um
priority<00:05:29.039><c> right</c><00:05:29.199><c> now</c><00:05:29.720><c> we</c><00:05:29.919><c> also</c><00:05:31.360><c> won't</c><00:05:32.360><c> have</c><00:05:32.880><c> be</c>

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priority right now we also won't have be
 

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priority right now we also won't have be
seeing<00:05:33.479><c> people</c><00:05:34.479><c> accepting</c><00:05:35.039><c> their</c><00:05:35.280><c> toast</c><00:05:35.639><c> or</c>

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seeing people accepting their toast or
 

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seeing people accepting their toast or
spying<00:05:36.240><c> at</c><00:05:36.440><c> them</c><00:05:37.120><c> so</c><00:05:37.319><c> that's</c><00:05:37.479><c> another</c>

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spying at them so that's another
 

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spying at them so that's another
dimension<00:05:38.520><c> of</c><00:05:38.720><c> security</c><00:05:39.479><c> where</c><00:05:40.479><c> people</c><00:05:40.720><c> will</c>

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dimension of security where people will
 

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dimension of security where people will
want<00:05:41.120><c> to</c><00:05:41.319><c> have</c><00:05:41.440><c> some</c><00:05:41.680><c> control</c><00:05:42.160><c> over</c><00:05:42.400><c> what</c><00:05:42.520><c> the</c>

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want to have some control over what the
 

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want to have some control over what the
devices<00:05:43.039><c> are</c><00:05:43.479><c> doing</c><00:05:44.479><c> and</c><00:05:44.759><c> the</c><00:05:44.919><c> way</c><00:05:45.160><c> that</c><00:05:45.319><c> for</c>

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devices are doing and the way that for
 

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devices are doing and the way that for
example<00:05:45.759><c> the</c><00:05:45.919><c> smartphone</c><00:05:46.479><c> is</c><00:05:46.759><c> completely</c>

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example the smartphone is completely
 

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example the smartphone is completely
owned<00:05:47.720><c> by</c><00:05:47.960><c> the</c><00:05:48.840><c> um</c><00:05:48.960><c> producer</c><00:05:49.360><c> of</c><00:05:49.440><c> the</c>

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owned by the um producer of the
 

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owned by the um producer of the
smartphone<00:05:50.039><c> today</c><00:05:50.960><c> is</c><00:05:51.280><c> probably</c><00:05:51.560><c> not</c><00:05:51.759><c> how</c>

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smartphone today is probably not how
 

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smartphone today is probably not how
it's<00:05:52.080><c> going</c><00:05:52.240><c> to</c><00:05:52.440><c> be</c>

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continued<00:05:57.600><c> now</c><00:05:58.600><c> coming</c><00:05:58.919><c> back</c><00:05:59.039><c> to</c><00:05:59.120><c> the</c><00:05:59.240><c> toaster</c>

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continued now coming back to the toaster
 

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continued now coming back to the toaster
people

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people
 

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people
expect<00:06:01.919><c> 20</c><00:06:02.319><c> years</c><00:06:02.720><c> or</c><00:06:02.960><c> more</c><00:06:03.800><c> as</c><00:06:03.919><c> a</c><00:06:04.120><c> LIF</c><00:06:04.680><c> span</c>

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expect 20 years or more as a LIF span
 

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expect 20 years or more as a LIF span
for<00:06:05.160><c> a</c>

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for a
 

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for a
toaster<00:06:06.919><c> if</c><00:06:07.039><c> you</c><00:06:07.160><c> have</c><00:06:07.240><c> a</c><00:06:07.360><c> centralist</c><00:06:07.880><c> model</c>

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toaster if you have a centralist model
 

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toaster if you have a centralist model
with<00:06:09.039><c> a</c><00:06:10.039><c> toaster</c><00:06:10.560><c> that's</c><00:06:10.759><c> somehow</c><00:06:11.080><c> useful</c>

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with a toaster that's somehow useful
 

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with a toaster that's somehow useful
because<00:06:11.759><c> it's</c><00:06:12.440><c> connected</c><00:06:13.440><c> um</c><00:06:13.680><c> then</c><00:06:14.000><c> you</c><00:06:14.160><c> have</c>

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because it's connected um then you have
 

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because it's connected um then you have
to<00:06:14.360><c> maintain</c><00:06:14.720><c> that</c><00:06:14.880><c> for</c><00:06:15.039><c> 20</c>

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to maintain that for 20
 

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to maintain that for 20
years<00:06:17.120><c> is</c><00:06:17.319><c> that</c><00:06:17.639><c> even</c><00:06:17.919><c> viable</c><00:06:18.440><c> or</c><00:06:18.759><c> are</c><00:06:19.000><c> people</c>

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years is that even viable or are people
 

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years is that even viable or are people
going<00:06:19.440><c> to</c><00:06:19.560><c> be</c><00:06:19.840><c> very</c><00:06:20.080><c> very</c><00:06:20.280><c> frustrated</c><00:06:20.880><c> with</c><00:06:21.800><c> um</c>

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going to be very very frustrated with um
 

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going to be very very frustrated with um
producers<00:06:22.400><c> going</c><00:06:22.599><c> out</c><00:06:22.759><c> of</c><00:06:22.919><c> business</c><00:06:23.479><c> which</c><00:06:23.639><c> is</c>

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producers going out of business which is
 

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producers going out of business which is
kind<00:06:24.120><c> of</c><00:06:24.280><c> likely</c><00:06:24.680><c> within</c><00:06:25.080><c> 20</c><00:06:25.360><c> years</c><00:06:25.599><c> not</c><00:06:26.000><c> every</c>

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kind of likely within 20 years not every
 

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kind of likely within 20 years not every
company<00:06:26.800><c> gets</c><00:06:27.000><c> to</c><00:06:27.280><c> 100</c><00:06:27.560><c> like</c><00:06:28.039><c> IBM</c><00:06:29.039><c> and</c><00:06:29.160><c> then</c>

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company gets to 100 like IBM and then
 

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company gets to 100 like IBM and then
fin

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fin
 

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fin
the<00:06:30.560><c> business</c><00:06:30.840><c> models</c><00:06:31.240><c> that</c><00:06:31.360><c> we're</c><00:06:31.720><c> seeing</c>

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the business models that we're seeing
 

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the business models that we're seeing
today<00:06:33.400><c> uh</c><00:06:33.520><c> sorry</c><00:06:34.160><c> uh</c><00:06:34.240><c> the</c><00:06:34.360><c> business</c><00:06:34.639><c> models</c>

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today uh sorry uh the business models
 

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today uh sorry uh the business models
that<00:06:35.120><c> we're</c><00:06:35.280><c> seeing</c><00:06:35.560><c> today</c>

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that we're seeing today
 

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that we're seeing today
are<00:06:39.000><c> very</c><00:06:39.240><c> much</c><00:06:39.479><c> focus</c><00:06:39.840><c> on</c><00:06:40.039><c> information</c><00:06:40.599><c> for</c>

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are very much focus on information for
 

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are very much focus on information for
advertisement<00:06:41.800><c> and</c><00:06:41.960><c> that</c><00:06:42.080><c> is</c><00:06:42.639><c> probably</c><00:06:42.960><c> not</c>

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advertisement and that is probably not
 

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advertisement and that is probably not
going<00:06:43.319><c> to</c><00:06:43.479><c> scale</c><00:06:44.039><c> because</c><00:06:44.280><c> there's</c><00:06:44.479><c> only</c><00:06:44.720><c> so</c>

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going to scale because there's only so
 

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going to scale because there's only so
much<00:06:45.120><c> data</c><00:06:45.360><c> that</c><00:06:45.479><c> you</c><00:06:45.599><c> can</c><00:06:45.880><c> actually</c><00:06:46.880><c> get</c><00:06:47.199><c> out</c>

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much data that you can actually get out
 

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much data that you can actually get out
of<00:06:47.960><c> a</c><00:06:48.240><c> household</c><00:06:49.240><c> and</c><00:06:49.400><c> as</c><00:06:49.599><c> more</c><00:06:49.720><c> and</c><00:06:49.880><c> more</c>

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of a household and as more and more
 

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of a household and as more and more
devices<00:06:50.440><c> compete</c><00:06:50.840><c> to</c><00:06:51.000><c> collect</c><00:06:51.280><c> the</c><00:06:51.400><c> same</c><00:06:51.639><c> data</c>

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devices compete to collect the same data
 

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devices compete to collect the same data
then<00:06:52.199><c> probably</c><00:06:52.599><c> the</c><00:06:53.199><c> value</c><00:06:53.479><c> of</c><00:06:53.639><c> the</c><00:06:53.759><c> data</c><00:06:53.960><c> is</c>

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then probably the value of the data is
 

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then probably the value of the data is
going<00:06:54.240><c> to</c><00:06:54.479><c> go</c>

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going to go
 

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going to go
down<00:06:57.199><c> so</c><00:06:57.440><c> the</c><00:06:57.520><c> motivation</c><00:06:58.039><c> here</c><00:06:58.280><c> is</c><00:06:59.080><c> that</c><00:06:59.639><c> when</c>

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down so the motivation here is that when
 

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down so the motivation here is that when
we<00:07:00.000><c> see</c><00:07:01.000><c> um</c><00:07:01.639><c> uh</c><00:07:01.800><c> the</c><00:07:02.000><c> possibilities</c><00:07:02.599><c> that</c><00:07:02.759><c> we</c>

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we see um uh the possibilities that we
 

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we see um uh the possibilities that we
have<00:07:03.080><c> here</c><00:07:03.240><c> today</c><00:07:03.960><c> can</c><00:07:04.160><c> we</c><00:07:04.440><c> have</c><00:07:04.960><c> a</c>

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have here today can we have a
 

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have here today can we have a
userdefined<00:07:06.720><c> algorithm</c><00:07:07.720><c> can</c><00:07:07.919><c> we</c><00:07:08.160><c> have</c><00:07:09.000><c> a</c>

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userdefined algorithm can we have a
 

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userdefined algorithm can we have a
customized<00:07:10.360><c> experience</c><00:07:11.360><c> that</c><00:07:11.479><c> is</c><00:07:11.720><c> not</c><00:07:12.120><c> based</c>

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customized experience that is not based
 

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customized experience that is not based
on<00:07:13.000><c> what</c><00:07:13.160><c> we</c><00:07:13.360><c> have</c><00:07:13.680><c> in</c><00:07:13.800><c> the</c><00:07:13.960><c> moment</c><00:07:14.879><c> and</c><00:07:15.000><c> the</c>

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on what we have in the moment and the
 

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on what we have in the moment and the
iot<00:07:15.560><c> today</c><00:07:16.319><c> where</c><00:07:16.479><c> we</c><00:07:16.720><c> have</c>

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iot today where we have
 

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iot today where we have
uh<00:07:19.240><c> new</c><00:07:19.599><c> possibilities</c><00:07:20.599><c> that</c><00:07:20.759><c> are</c><00:07:21.039><c> going</c><00:07:21.280><c> to</c>

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uh new possibilities that are going to
 

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uh new possibilities that are going to
be<00:07:21.599><c> used</c><00:07:22.039><c> either</c><00:07:22.919><c> for</c><00:07:23.919><c> mischievous</c><00:07:24.680><c> stuff</c><00:07:25.039><c> if</c>

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be used either for mischievous stuff if
 

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be used either for mischievous stuff if
security<00:07:25.680><c> is</c><00:07:25.800><c> not</c><00:07:26.000><c> high</c><00:07:26.199><c> enough</c><00:07:26.479><c> or</c><00:07:26.840><c> for</c>

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security is not high enough or for
 

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security is not high enough or for
exciting<00:07:27.520><c> new</c><00:07:27.800><c> stuff</c><00:07:28.080><c> that</c><00:07:28.240><c> we</c><00:07:28.319><c> might</c><00:07:28.479><c> not</c>

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exciting new stuff that we might not
 

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exciting new stuff that we might not
even<00:07:28.800><c> imagine</c><00:07:29.199><c> right</c><00:07:29.319><c> now</c>

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when<00:07:32.759><c> we</c><00:07:33.759><c> see</c><00:07:34.000><c> at</c><00:07:34.120><c> the</c><00:07:34.240><c> bottom</c><00:07:34.520><c> line</c><00:07:34.840><c> though</c><00:07:35.520><c> uh</c>

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when we see at the bottom line though uh
 

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when we see at the bottom line though uh
it's<00:07:35.800><c> important</c><00:07:36.120><c> to</c><00:07:36.280><c> always</c><00:07:36.520><c> remember</c><00:07:36.919><c> that</c>

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it's important to always remember that
 

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it's important to always remember that
in<00:07:37.319><c> the</c><00:07:37.479><c> end</c><00:07:37.680><c> it's</c><00:07:37.840><c> about</c><00:07:38.120><c> making</c><00:07:38.440><c> the</c>

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in the end it's about making the
 

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in the end it's about making the
experience

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experience
 

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experience
better<00:07:41.319><c> it's</c><00:07:41.560><c> not</c><00:07:42.520><c> maybe</c><00:07:43.280><c> worthwhile</c><00:07:43.919><c> to</c><00:07:44.120><c> have</c>

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better it's not maybe worthwhile to have
 

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better it's not maybe worthwhile to have
the<00:07:44.520><c> toaster</c><00:07:45.479><c> printing</c><00:07:46.000><c> advertisement</c><00:07:46.639><c> on</c>

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the toaster printing advertisement on
 

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the toaster printing advertisement on
your<00:07:47.080><c> toast</c><00:07:48.080><c> but</c><00:07:48.280><c> you</c><00:07:48.400><c> will</c><00:07:48.599><c> want</c><00:07:48.759><c> to</c><00:07:48.919><c> have</c>

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your toast but you will want to have
 

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your toast but you will want to have
something<00:07:49.400><c> that</c><00:07:49.560><c> really</c><00:07:49.759><c> makes</c>

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sense<00:07:53.120><c> and</c><00:07:53.240><c> the</c><00:07:53.360><c> whole</c><00:07:53.560><c> on</c><00:07:53.680><c> the</c><00:07:53.800><c> whole</c><00:07:54.159><c> what</c><00:07:54.280><c> we</c>

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sense and the whole on the whole what we
 

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sense and the whole on the whole what we
are<00:07:54.759><c> having</c><00:07:55.039><c> today</c><00:07:55.400><c> is</c><00:07:55.560><c> the</c><00:07:55.759><c> cloud</c><00:07:56.360><c> as</c><00:07:56.479><c> a</c>

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are having today is the cloud as a
 

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are having today is the cloud as a
centralized<00:07:57.759><c> very</c><00:07:58.080><c> powerful</c><00:07:59.039><c> control</c>

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centralized very powerful control
 

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centralized very powerful control
mechanism<00:08:00.280><c> so</c><00:08:00.440><c> to</c><00:08:00.599><c> say</c><00:08:01.159><c> of</c><00:08:01.400><c> devices</c><00:08:02.240><c> that's</c>

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mechanism so to say of devices that's
 

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mechanism so to say of devices that's
less<00:08:02.639><c> centralized</c><00:08:03.159><c> than</c><00:08:03.280><c> we</c><00:08:03.400><c> had</c><00:08:03.759><c> before</c><00:08:04.759><c> but</c>

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less centralized than we had before but
 

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less centralized than we had before but
it's<00:08:05.159><c> also</c><00:08:05.680><c> not</c><00:08:06.000><c> probably</c><00:08:06.319><c> how</c><00:08:06.440><c> it's</c><00:08:06.599><c> going</c><00:08:06.720><c> to</c>

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it's also not probably how it's going to
 

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it's also not probably how it's going to
stay<00:08:07.199><c> when</c><00:08:07.319><c> we</c><00:08:07.520><c> going</c><00:08:07.680><c> to</c><00:08:07.840><c> more</c><00:08:08.000><c> and</c><00:08:08.120><c> more</c><00:08:08.360><c> peer</c>

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stay when we going to more and more peer
 

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stay when we going to more and more peer
and<00:08:08.759><c> peer</c>

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and peer
 

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and peer
architectures<00:08:12.000><c> that</c><00:08:12.360><c> this</c><00:08:12.520><c> kind</c><00:08:12.720><c> of</c>

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architectures that this kind of
 

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architectures that this kind of
development<00:08:14.039><c> is</c><00:08:15.039><c> uh</c><00:08:15.199><c> happening</c><00:08:15.840><c> no</c><00:08:15.960><c> matter</c>

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development is uh happening no matter
 

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development is uh happening no matter
whether<00:08:16.479><c> you</c><00:08:16.599><c> are</c><00:08:17.199><c> Imagining</c><00:08:17.759><c> the</c><00:08:17.919><c> blockchain</c>

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whether you are Imagining the blockchain
 

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whether you are Imagining the blockchain
here<00:08:18.720><c> or</c><00:08:19.039><c> some</c><00:08:19.240><c> other</c><00:08:19.440><c> peer-to-peer</c>

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here or some other peer-to-peer
 

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here or some other peer-to-peer
mechanism<00:08:21.560><c> that's</c><00:08:21.919><c> that</c><00:08:22.039><c> is</c><00:08:22.240><c> pretty</c>

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mechanism that's that is pretty
 

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mechanism that's that is pretty
clear<00:08:24.599><c> so</c><00:08:24.919><c> if</c><00:08:25.000><c> you</c><00:08:25.159><c> look</c><00:08:25.319><c> at</c><00:08:25.520><c> this</c>

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clear so if you look at this
 

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clear so if you look at this
requirements<00:08:26.639><c> what</c><00:08:26.840><c> emerges</c><00:08:27.800><c> as</c><00:08:28.440><c> um</c><00:08:28.919><c> basic</c>

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requirements what emerges as um basic
 

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requirements what emerges as um basic
foundation<00:08:29.879><c> so</c><00:08:30.039><c> to</c><00:08:30.240><c> say</c><00:08:31.080><c> has</c><00:08:31.199><c> a</c><00:08:31.680><c> very</c><00:08:31.960><c> large</c>

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foundation so to say has a very large
 

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foundation so to say has a very large
overlap<00:08:33.320><c> with</c><00:08:33.640><c> what</c><00:08:33.800><c> blockchain</c><00:08:34.240><c> can</c><00:08:34.839><c> offer</c>

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overlap with what blockchain can offer
 

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overlap with what blockchain can offer
and<00:08:36.279><c> uh</c><00:08:36.399><c> in</c><00:08:36.560><c> this</c><00:08:37.120><c> regard</c><00:08:38.000><c> except</c><00:08:38.240><c> for</c>

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and uh in this regard except for
 

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and uh in this regard except for
identity<00:08:39.159><c> all</c><00:08:39.440><c> three</c><00:08:39.680><c> of</c><00:08:39.919><c> the</c><00:08:40.680><c> first</c><00:08:41.120><c> all</c>

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identity all three of the first all
 

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identity all three of the first all
three<00:08:41.519><c> bullet</c><00:08:41.839><c> points</c><00:08:42.120><c> over</c><00:08:42.360><c> that</c><00:08:43.120><c> are</c>

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three bullet points over that are
 

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three bullet points over that are
exactly<00:08:44.360><c> what</c><00:08:44.480><c> a</c><00:08:44.640><c> blockchain</c><00:08:45.040><c> can</c><00:08:45.160><c> offer</c><00:08:45.480><c> you</c>

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exactly what a blockchain can offer you
 

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exactly what a blockchain can offer you
you<00:08:46.600><c> will</c><00:08:46.920><c> have</c><00:08:47.600><c> um</c><00:08:47.920><c> a</c><00:08:48.120><c> very</c><00:08:48.519><c> interested</c>

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you will have um a very interested
 

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you will have um a very interested
interesting<00:08:50.800><c> uh</c><00:08:50.959><c> convergence</c><00:08:51.600><c> here</c><00:08:51.839><c> where</c>

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interesting uh convergence here where
 

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interesting uh convergence here where
you<00:08:52.080><c> can</c><00:08:52.200><c> see</c><00:08:52.399><c> that</c><00:08:52.560><c> ethereum</c><00:08:53.000><c> for</c><00:08:53.160><c> example</c><00:08:53.760><c> is</c>

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you can see that ethereum for example is
 

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you can see that ethereum for example is
uh<00:08:54.519><c> implementing</c><00:08:55.040><c> whisper</c><00:08:55.519><c> now</c><00:08:56.519><c> um</c><00:08:56.720><c> there</c><00:08:56.880><c> are</c>

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uh implementing whisper now um there are
 

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uh implementing whisper now um there are
efforts<00:08:57.480><c> to</c><00:08:58.200><c> uh</c><00:08:58.440><c> create</c><00:08:58.720><c> swarm</c><00:08:59.880><c> that</c><00:09:00.000><c> is</c><00:09:00.240><c> going</c>

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efforts to uh create swarm that is going
 

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efforts to uh create swarm that is going
to<00:09:00.720><c> add</c><00:09:01.040><c> exactly</c><00:09:01.880><c> um</c><00:09:02.120><c> what</c><00:09:02.240><c> is</c><00:09:02.440><c> needed</c><00:09:02.760><c> to</c><00:09:03.000><c> have</c>

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to add exactly um what is needed to have
 

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to add exactly um what is needed to have
file<00:09:03.480><c> transfer</c><00:09:04.040><c> and</c><00:09:04.600><c> messaging</c><00:09:05.600><c> where</c><00:09:06.440><c> uh</c>

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file transfer and messaging where uh
 

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file transfer and messaging where uh
fascinatingly<00:09:07.839><c> in</c><00:09:08.040><c> earlier</c><00:09:08.880><c> Explorations</c>

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fascinatingly in earlier Explorations
 

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fascinatingly in earlier Explorations
that<00:09:09.720><c> were</c><00:09:10.160><c> done</c><00:09:10.399><c> at</c><00:09:10.680><c> IBM</c><00:09:11.680><c> um</c><00:09:11.839><c> Tash</c><00:09:12.600><c> and</c><00:09:12.800><c> bitter</c>

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that were done at IBM um Tash and bitter
 

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that were done at IBM um Tash and bitter
rent<00:09:13.440><c> were</c><00:09:13.880><c> used</c><00:09:14.720><c> um</c><00:09:14.920><c> that</c><00:09:15.040><c> are</c><00:09:15.320><c> now</c><00:09:16.320><c> um</c><00:09:17.320><c> or</c><00:09:17.519><c> at</c>

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rent were used um that are now um or at
 

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rent were used um that are now um or at
least<00:09:17.880><c> part</c><00:09:18.079><c> of</c><00:09:18.240><c> them</c><00:09:18.600><c> part</c><00:09:18.839><c> of</c><00:09:19.440><c> uh</c><00:09:19.720><c> whisper</c>

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least part of them part of uh whisper
 

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least part of them part of uh whisper
and

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swarm<00:09:23.640><c> so</c><00:09:24.040><c> the</c><00:09:24.160><c> internet</c><00:09:24.480><c> of</c><00:09:24.600><c> things</c><00:09:24.880><c> as</c><00:09:24.959><c> it</c>

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swarm so the internet of things as it
 

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swarm so the internet of things as it
stands<00:09:25.519><c> now</c><00:09:26.079><c> is</c><00:09:26.240><c> at</c><00:09:26.480><c> probably</c><00:09:26.800><c> 9</c><00:09:27.079><c> billion</c>

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stands now is at probably 9 billion
 

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stands now is at probably 9 billion
devices<00:09:29.000><c> and</c><00:09:29.160><c> what</c><00:09:29.440><c> we</c><00:09:29.600><c> thinking</c><00:09:29.839><c> about</c><00:09:30.000><c> and</c>

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devices and what we thinking about and
 

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devices and what we thinking about and
talking<00:09:30.440><c> about</c><00:09:30.720><c> is</c><00:09:30.959><c> when</c><00:09:31.120><c> it</c><00:09:31.279><c> goes</c><00:09:31.480><c> to</c><00:09:31.760><c> 100</c>

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talking about is when it goes to 100
 

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talking about is when it goes to 100
billion<00:09:32.320><c> devices</c><00:09:32.800><c> which</c><00:09:32.880><c> is</c><00:09:33.000><c> the</c><00:09:33.120><c> future</c>

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billion devices which is the future
 

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billion devices which is the future
nobody<00:09:33.880><c> might</c><00:09:34.880><c> say</c><00:09:35.160><c> exactly</c><00:09:35.519><c> when</c><00:09:35.640><c> it</c><00:09:35.760><c> is</c>

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nobody might say exactly when it is
 

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nobody might say exactly when it is
maybe<00:09:36.200><c> it's</c><00:09:36.600><c> 2020</c><00:09:37.160><c> or</c><00:09:37.360><c> 20</c><00:09:38.160><c> 25</c><00:09:39.160><c> but</c><00:09:39.320><c> it's</c><00:09:39.480><c> going</c>

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maybe it's 2020 or 20 25 but it's going
 

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maybe it's 2020 or 20 25 but it's going
to<00:09:39.880><c> go</c><00:09:40.160><c> there</c><00:09:40.480><c> that's</c><00:09:41.000><c> pretty</c><00:09:41.640><c> clear</c><00:09:42.640><c> and</c><00:09:43.040><c> the</c>

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to go there that's pretty clear and the
 

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to go there that's pretty clear and the
mission<00:09:43.600><c> that</c><00:09:43.760><c> we</c><00:09:44.000><c> put</c><00:09:44.240><c> ourselves</c><00:09:45.040><c> for</c><00:09:45.399><c> MTN</c><00:09:46.120><c> is</c>

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mission that we put ourselves for MTN is
 

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mission that we put ourselves for MTN is
analytics<00:09:47.320><c> at</c><00:09:47.519><c> the</c>

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analytics at the
 

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analytics at the
edge<00:09:50.079><c> analytics</c><00:09:50.560><c> at</c><00:09:50.680><c> the</c><00:09:50.800><c> edge</c><00:09:51.079><c> means</c><00:09:51.880><c> if</c><00:09:52.000><c> you</c>

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edge analytics at the edge means if you
 

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edge analytics at the edge means if you
have<00:09:52.240><c> a</c><00:09:52.399><c> sensor</c><00:09:53.360><c> that</c><00:09:53.440><c> is</c><00:09:53.600><c> picking</c><00:09:53.839><c> up</c><00:09:54.200><c> data</c>

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have a sensor that is picking up data
 

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have a sensor that is picking up data
then<00:09:55.320><c> you</c><00:09:55.440><c> might</c><00:09:55.640><c> not</c><00:09:55.800><c> be</c><00:09:55.920><c> able</c><00:09:56.120><c> to</c><00:09:56.240><c> ship</c><00:09:56.480><c> it</c>

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then you might not be able to ship it
 

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then you might not be able to ship it
fast<00:09:56.959><c> enough</c><00:09:57.160><c> to</c><00:09:57.320><c> the</c><00:09:57.440><c> cloud</c><00:09:57.760><c> and</c><00:09:57.920><c> have</c><00:09:58.000><c> it</c>

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fast enough to the cloud and have it
 

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fast enough to the cloud and have it
analyzed<00:09:58.720><c> with</c><00:09:59.720><c> um</c><00:10:00.399><c> high</c><00:10:00.720><c> capacity</c><00:10:01.519><c> computers</c>

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analyzed with um high capacity computers
 

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analyzed with um high capacity computers
but<00:10:02.760><c> it's</c><00:10:03.000><c> possible</c><00:10:03.560><c> that</c><00:10:03.760><c> this</c><00:10:04.000><c> data</c><00:10:04.399><c> has</c><00:10:04.519><c> to</c>

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but it's possible that this data has to
 

00:10:04.640 --> 00:10:08.030 align:start position:0%
but it's possible that this data has to
be<00:10:04.760><c> selected</c><00:10:05.680><c> before</c><00:10:06.000><c> it</c><00:10:06.160><c> can</c><00:10:06.320><c> even</c><00:10:06.519><c> be</c>

00:10:08.030 --> 00:10:08.040 align:start position:0%
be selected before it can even be
 

00:10:08.040 --> 00:10:11.829 align:start position:0%
be selected before it can even be
shipped<00:10:09.440><c> and</c><00:10:10.440><c> it</c><00:10:10.560><c> seems</c><00:10:10.760><c> to</c><00:10:10.920><c> be</c><00:10:11.200><c> that</c><00:10:11.519><c> in</c><00:10:11.680><c> the</c>

00:10:11.829 --> 00:10:11.839 align:start position:0%
shipped and it seems to be that in the
 

00:10:11.839 --> 00:10:13.310 align:start position:0%
shipped and it seems to be that in the
moment

00:10:13.310 --> 00:10:13.320 align:start position:0%
moment
 

00:10:13.320 --> 00:10:15.990 align:start position:0%
moment
60%<00:10:14.320><c> of</c><00:10:14.480><c> all</c><00:10:14.640><c> the</c><00:10:14.760><c> data</c><00:10:15.040><c> that</c><00:10:15.160><c> is</c><00:10:15.399><c> collected</c><00:10:15.839><c> at</c>

00:10:15.990 --> 00:10:16.000 align:start position:0%
60% of all the data that is collected at
 

00:10:16.000 --> 00:10:18.150 align:start position:0%
60% of all the data that is collected at
the<00:10:16.160><c> edge</c><00:10:16.440><c> loses</c><00:10:16.839><c> its</c><00:10:17.040><c> value</c><00:10:17.320><c> within</c>

00:10:18.150 --> 00:10:18.160 align:start position:0%
the edge loses its value within
 

00:10:18.160 --> 00:10:20.710 align:start position:0%
the edge loses its value within
milliseconds<00:10:19.160><c> and</c><00:10:19.240><c> so</c><00:10:19.440><c> 90%</c><00:10:20.079><c> of</c><00:10:20.200><c> the</c><00:10:20.360><c> data</c><00:10:20.600><c> that</c>

00:10:20.710 --> 00:10:20.720 align:start position:0%
milliseconds and so 90% of the data that
 

00:10:20.720 --> 00:10:24.030 align:start position:0%
milliseconds and so 90% of the data that
is<00:10:20.920><c> collected</c><00:10:21.800><c> is</c><00:10:22.000><c> never</c><00:10:22.360><c> actually</c><00:10:22.920><c> used</c><00:10:23.920><c> and</c>

00:10:24.030 --> 00:10:24.040 align:start position:0%
is collected is never actually used and
 

00:10:24.040 --> 00:10:25.470 align:start position:0%
is collected is never actually used and
this<00:10:24.160><c> is</c><00:10:24.279><c> what</c><00:10:24.399><c> we</c><00:10:24.480><c> wanted</c><00:10:24.720><c> to</c><00:10:24.880><c> address</c><00:10:25.240><c> with</c>

00:10:25.470 --> 00:10:25.480 align:start position:0%
this is what we wanted to address with
 

00:10:25.480 --> 00:10:27.269 align:start position:0%
this is what we wanted to address with
the<00:10:25.760><c> exploration</c>

00:10:27.269 --> 00:10:27.279 align:start position:0%
the exploration
 

00:10:27.279 --> 00:10:30.230 align:start position:0%
the exploration
MTN<00:10:28.279><c> and</c><00:10:28.640><c> what</c><00:10:28.760><c> we</c><00:10:28.839><c> used</c><00:10:29.079><c> for</c><00:10:29.160><c> that</c>

00:10:30.230 --> 00:10:30.240 align:start position:0%
MTN and what we used for that
 

00:10:30.240 --> 00:10:33.150 align:start position:0%
MTN and what we used for that
um<00:10:30.440><c> and</c><00:10:30.760><c> what</c><00:10:30.880><c> we</c><00:10:31.000><c> looked</c><00:10:31.240><c> at</c><00:10:31.560><c> here</c><00:10:32.480><c> is</c><00:10:32.839><c> how</c><00:10:33.000><c> we</c>

00:10:33.150 --> 00:10:33.160 align:start position:0%
um and what we looked at here is how we
 

00:10:33.160 --> 00:10:37.150 align:start position:0%
um and what we looked at here is how we
can<00:10:33.399><c> use</c><00:10:34.160><c> um</c><00:10:35.000><c> technical</c>

00:10:37.150 --> 00:10:37.160 align:start position:0%
can use um technical
 

00:10:37.160 --> 00:10:40.350 align:start position:0%
can use um technical
um<00:10:38.160><c> behaviors</c><00:10:38.760><c> that</c><00:10:38.880><c> we</c><00:10:39.360><c> see</c><00:10:39.600><c> now</c><00:10:39.880><c> that</c><00:10:40.079><c> how</c><00:10:40.200><c> we</c>

00:10:40.350 --> 00:10:40.360 align:start position:0%
um behaviors that we see now that how we
 

00:10:40.360 --> 00:10:42.670 align:start position:0%
um behaviors that we see now that how we
have<00:10:40.760><c> real</c><00:10:41.040><c> time</c><00:10:41.240><c> processing</c><00:10:41.639><c> at</c><00:10:41.760><c> the</c><00:10:41.880><c> edge</c>

00:10:42.670 --> 00:10:42.680 align:start position:0%
have real time processing at the edge
 

00:10:42.680 --> 00:10:45.670 align:start position:0%
have real time processing at the edge
and<00:10:42.839><c> how</c><00:10:43.040><c> we</c><00:10:43.240><c> in</c><00:10:43.399><c> the</c><00:10:43.680><c> end</c><00:10:44.680><c> um</c><00:10:45.120><c> can</c><00:10:45.399><c> have</c>

00:10:45.670 --> 00:10:45.680 align:start position:0%
and how we in the end um can have
 

00:10:45.680 --> 00:10:47.389 align:start position:0%
and how we in the end um can have
security<00:10:46.240><c> containers</c><00:10:46.720><c> in</c><00:10:46.839><c> a</c><00:10:46.959><c> hostile</c>

00:10:47.389 --> 00:10:47.399 align:start position:0%
security containers in a hostile
 

00:10:47.399 --> 00:10:49.870 align:start position:0%
security containers in a hostile
environment<00:10:48.399><c> and</c><00:10:48.560><c> how</c><00:10:48.760><c> we</c><00:10:49.279><c> have</c><00:10:49.399><c> a</c><00:10:49.519><c> bottom</c>

00:10:49.870 --> 00:10:49.880 align:start position:0%
environment and how we have a bottom
 

00:10:49.880 --> 00:10:52.030 align:start position:0%
environment and how we have a bottom
line<00:10:50.320><c> that</c><00:10:50.800><c> gives</c><00:10:51.040><c> us</c><00:10:51.240><c> better</c><00:10:51.519><c> quality</c><00:10:51.839><c> of</c>

00:10:52.030 --> 00:10:52.040 align:start position:0%
line that gives us better quality of
 

00:10:52.040 --> 00:10:59.670 align:start position:0%
line that gives us better quality of
experience<00:10:52.480><c> hopefully</c>

00:10:59.670 --> 00:10:59.680 align:start position:0%
 
 

00:10:59.680 --> 00:11:03.629 align:start position:0%
 
so<00:11:00.680><c> this</c><00:11:00.800><c> is</c><00:11:00.959><c> how</c><00:11:01.079><c> it</c><00:11:01.200><c> looks</c><00:11:01.480><c> like</c><00:11:02.000><c> this</c><00:11:02.120><c> is</c><00:11:02.639><c> a</c>

00:11:03.629 --> 00:11:03.639 align:start position:0%
so this is how it looks like this is a
 

00:11:03.639 --> 00:11:08.269 align:start position:0%
so this is how it looks like this is a
um<00:11:04.440><c> software</c><00:11:05.480><c> defined</c><00:11:06.480><c> radio</c><00:11:07.440><c> and</c><00:11:07.560><c> it</c><00:11:07.720><c> has</c><00:11:08.000><c> 5</c>

00:11:08.269 --> 00:11:08.279 align:start position:0%
um software defined radio and it has 5
 

00:11:08.279 --> 00:11:10.389 align:start position:0%
um software defined radio and it has 5
megabits<00:11:08.720><c> a</c><00:11:08.880><c> seconds</c><00:11:09.200><c> of</c><00:11:09.399><c> data</c><00:11:09.720><c> that</c><00:11:09.839><c> it</c>

00:11:10.389 --> 00:11:10.399 align:start position:0%
megabits a seconds of data that it
 

00:11:10.399 --> 00:11:13.190 align:start position:0%
megabits a seconds of data that it
collects<00:11:11.399><c> and</c><00:11:11.639><c> that</c><00:11:11.800><c> volume</c><00:11:12.240><c> is</c><00:11:12.560><c> enough</c><00:11:12.920><c> that</c>

00:11:13.190 --> 00:11:13.200 align:start position:0%
collects and that volume is enough that
 

00:11:13.200 --> 00:11:16.150 align:start position:0%
collects and that volume is enough that
you<00:11:13.360><c> cannot</c><00:11:13.720><c> actually</c><00:11:13.959><c> ship</c><00:11:14.279><c> it</c><00:11:14.839><c> from</c><00:11:15.440><c> our</c>

00:11:16.150 --> 00:11:16.160 align:start position:0%
you cannot actually ship it from our
 

00:11:16.160 --> 00:11:19.230 align:start position:0%
you cannot actually ship it from our
experimental<00:11:16.720><c> Raspberry</c><00:11:17.200><c> Pi</c><00:11:17.480><c> setup</c><00:11:18.320><c> to</c><00:11:18.920><c> uh</c><00:11:19.040><c> a</c>

00:11:19.230 --> 00:11:19.240 align:start position:0%
experimental Raspberry Pi setup to uh a
 

00:11:19.240 --> 00:11:22.310 align:start position:0%
experimental Raspberry Pi setup to uh a
central<00:11:19.560><c> Cloud</c><00:11:19.880><c> to</c><00:11:20.040><c> have</c><00:11:20.160><c> it</c><00:11:21.000><c> analyzed</c><00:11:22.000><c> so</c>

00:11:22.310 --> 00:11:22.320 align:start position:0%
central Cloud to have it analyzed so
 

00:11:22.320 --> 00:11:24.750 align:start position:0%
central Cloud to have it analyzed so
what<00:11:22.480><c> has</c><00:11:22.600><c> to</c><00:11:22.800><c> happen</c><00:11:23.160><c> is</c><00:11:24.160><c> um</c><00:11:24.320><c> create</c><00:11:24.600><c> an</c>

00:11:24.750 --> 00:11:24.760 align:start position:0%
what has to happen is um create an
 

00:11:24.760 --> 00:11:26.629 align:start position:0%
what has to happen is um create an
infrastructure<00:11:25.720><c> so</c><00:11:25.880><c> that</c><00:11:26.040><c> we</c><00:11:26.120><c> can</c><00:11:26.240><c> use</c><00:11:26.480><c> these</c>

00:11:26.629 --> 00:11:26.639 align:start position:0%
infrastructure so that we can use these
 

00:11:26.639 --> 00:11:28.590 align:start position:0%
infrastructure so that we can use these
little<00:11:26.880><c> devices</c><00:11:27.360><c> where</c><00:11:27.480><c> we</c><00:11:27.639><c> have</c><00:11:28.120><c> raspberry</c>

00:11:28.590 --> 00:11:28.600 align:start position:0%
little devices where we have raspberry
 

00:11:28.600 --> 00:11:30.310 align:start position:0%
little devices where we have raspberry
pies<00:11:28.880><c> that</c><00:11:29.000><c> end</c><00:11:29.360><c> points</c><00:11:29.639><c> that</c><00:11:29.760><c> are</c><00:11:30.079><c> our</c>

00:11:30.310 --> 00:11:30.320 align:start position:0%
pies that end points that are our
 

00:11:30.320 --> 00:11:34.750 align:start position:0%
pies that end points that are our
sensors<00:11:30.880><c> in</c><00:11:31.079><c> this</c><00:11:32.079><c> um</c><00:11:32.360><c> exploration</c><00:11:33.360><c> and</c><00:11:33.600><c> these</c>

00:11:34.750 --> 00:11:34.760 align:start position:0%
sensors in this um exploration and these
 

00:11:34.760 --> 00:11:38.829 align:start position:0%
sensors in this um exploration and these
software<00:11:35.760><c> um</c><00:11:36.519><c> radio</c><00:11:37.200><c> devices</c><00:11:38.200><c> uh</c><00:11:38.320><c> attached</c><00:11:38.680><c> to</c>

00:11:38.829 --> 00:11:38.839 align:start position:0%
software um radio devices uh attached to
 

00:11:38.839 --> 00:11:42.870 align:start position:0%
software um radio devices uh attached to
them<00:11:39.680><c> and</c><00:11:39.839><c> then</c><00:11:40.480><c> use</c><00:11:41.480><c> um</c><00:11:42.040><c> the</c><00:11:42.200><c> plethora</c><00:11:42.720><c> of</c>

00:11:42.870 --> 00:11:42.880 align:start position:0%
them and then use um the plethora of
 

00:11:42.880 --> 00:11:45.190 align:start position:0%
them and then use um the plethora of
data<00:11:43.200><c> that's</c><00:11:43.480><c> out</c><00:11:43.680><c> there</c><00:11:43.959><c> terabytes</c><00:11:44.600><c> actually</c>

00:11:45.190 --> 00:11:45.200 align:start position:0%
data that's out there terabytes actually
 

00:11:45.200 --> 00:11:46.550 align:start position:0%
data that's out there terabytes actually
that<00:11:45.360><c> you</c><00:11:45.480><c> have</c><00:11:45.680><c> access</c><00:11:45.920><c> to</c><00:11:46.200><c> this</c><00:11:46.320><c> is</c><00:11:46.440><c> the</c>

00:11:46.550 --> 00:11:46.560 align:start position:0%
that you have access to this is the
 

00:11:46.560 --> 00:11:49.949 align:start position:0%
that you have access to this is the
United<00:11:46.959><c> States</c><00:11:47.480><c> frequency</c><00:11:48.480><c> allocation</c><00:11:49.480><c> and</c>

00:11:49.949 --> 00:11:49.959 align:start position:0%
United States frequency allocation and
 

00:11:49.959 --> 00:11:51.990 align:start position:0%
United States frequency allocation and
zoom<00:11:50.240><c> in</c><00:11:50.519><c> into</c><00:11:50.760><c> some</c><00:11:50.959><c> frequency</c><00:11:51.519><c> where</c><00:11:51.680><c> we</c><00:11:51.800><c> can</c>

00:11:51.990 --> 00:11:52.000 align:start position:0%
zoom in into some frequency where we can
 

00:11:52.000 --> 00:11:55.190 align:start position:0%
zoom in into some frequency where we can
find<00:11:52.360><c> interesting</c><00:11:52.839><c> data</c><00:11:53.279><c> for</c><00:11:53.600><c> example</c><00:11:54.600><c> um</c><00:11:55.079><c> we</c>

00:11:55.190 --> 00:11:55.200 align:start position:0%
find interesting data for example um we
 

00:11:55.200 --> 00:11:57.550 align:start position:0%
find interesting data for example um we
have<00:11:55.360><c> Smart</c><00:11:55.639><c> Meters</c><00:11:56.560><c> at</c><00:11:56.680><c> some</c><00:11:56.880><c> point</c><00:11:57.160><c> we</c><00:11:57.279><c> also</c>

00:11:57.550 --> 00:11:57.560 align:start position:0%
have Smart Meters at some point we also
 

00:11:57.560 --> 00:11:59.310 align:start position:0%
have Smart Meters at some point we also
have<00:11:57.800><c> other</c><00:11:58.040><c> stuff</c><00:11:58.320><c> like</c><00:11:58.480><c> aircraft</c><00:11:58.880><c> radio</c>

00:11:59.310 --> 00:11:59.320 align:start position:0%
have other stuff like aircraft radio
 

00:11:59.320 --> 00:12:01.790 align:start position:0%
have other stuff like aircraft radio
navigation<00:11:59.800><c> where</c><00:11:59.920><c> you</c><00:12:00.000><c> can</c><00:12:00.240><c> track</c><00:12:00.800><c> aircraft</c>

00:12:01.790 --> 00:12:01.800 align:start position:0%
navigation where you can track aircraft
 

00:12:01.800 --> 00:12:03.949 align:start position:0%
navigation where you can track aircraft
of<00:12:01.920><c> course</c><00:12:02.120><c> mobile</c><00:12:02.440><c> and</c><00:12:02.639><c> FM</c><00:12:03.120><c> is</c><00:12:03.360><c> taking</c><00:12:03.639><c> up</c><00:12:03.800><c> big</c>

00:12:03.949 --> 00:12:03.959 align:start position:0%
of course mobile and FM is taking up big
 

00:12:03.959 --> 00:12:07.230 align:start position:0%
of course mobile and FM is taking up big
swaths<00:12:04.399><c> of</c><00:12:04.600><c> this</c><00:12:04.920><c> but</c><00:12:05.800><c> um</c><00:12:06.279><c> we</c><00:12:06.399><c> are</c><00:12:06.600><c> focusing</c><00:12:07.000><c> on</c>

00:12:07.230 --> 00:12:07.240 align:start position:0%
swaths of this but um we are focusing on
 

00:12:07.240 --> 00:12:08.750 align:start position:0%
swaths of this but um we are focusing on
something<00:12:07.519><c> simple</c><00:12:07.839><c> and</c><00:12:08.000><c> that</c><00:12:08.120><c> is</c><00:12:08.480><c> just</c><00:12:08.639><c> the</c>

00:12:08.750 --> 00:12:08.760 align:start position:0%
something simple and that is just the
 

00:12:08.760 --> 00:12:11.269 align:start position:0%
something simple and that is just the
water<00:12:09.000><c> and</c><00:12:09.200><c> power</c><00:12:09.399><c> meter</c><00:12:09.920><c> output</c><00:12:10.920><c> and</c><00:12:11.040><c> this</c><00:12:11.160><c> is</c>

00:12:11.269 --> 00:12:11.279 align:start position:0%
water and power meter output and this is
 

00:12:11.279 --> 00:12:12.990 align:start position:0%
water and power meter output and this is
how<00:12:11.399><c> it</c><00:12:11.600><c> actually</c><00:12:11.839><c> looks</c><00:12:12.320><c> if</c><00:12:12.440><c> you</c><00:12:12.560><c> read</c><00:12:12.800><c> that</c>

00:12:12.990 --> 00:12:13.000 align:start position:0%
how it actually looks if you read that
 

00:12:13.000 --> 00:12:15.990 align:start position:0%
how it actually looks if you read that
out<00:12:13.920><c> um</c><00:12:14.320><c> interestingly</c><00:12:15.320><c> in</c><00:12:15.480><c> America</c><00:12:15.880><c> there</c>

00:12:15.990 --> 00:12:16.000 align:start position:0%
out um interestingly in America there
 

00:12:16.000 --> 00:12:17.629 align:start position:0%
out um interestingly in America there
seems<00:12:16.199><c> to</c><00:12:16.279><c> be</c><00:12:16.399><c> no</c><00:12:16.600><c> protection</c><00:12:16.959><c> at</c><00:12:17.079><c> all</c><00:12:17.279><c> you</c><00:12:17.360><c> can</c>

00:12:17.629 --> 00:12:17.639 align:start position:0%
seems to be no protection at all you can
 

00:12:17.639 --> 00:12:18.829 align:start position:0%
seems to be no protection at all you can
read<00:12:17.920><c> all</c><00:12:18.040><c> the</c><00:12:18.120><c> meters</c><00:12:18.440><c> of</c><00:12:18.600><c> all</c><00:12:18.720><c> your</c>

00:12:18.829 --> 00:12:18.839 align:start position:0%
read all the meters of all your
 

00:12:18.839 --> 00:12:21.030 align:start position:0%
read all the meters of all your
neighbors<00:12:19.240><c> in</c><00:12:19.360><c> the</c><00:12:19.519><c> moment</c><00:12:20.519><c> um</c><00:12:20.680><c> maybe</c><00:12:20.880><c> that's</c>

00:12:21.030 --> 00:12:21.040 align:start position:0%
neighbors in the moment um maybe that's
 

00:12:21.040 --> 00:12:23.590 align:start position:0%
neighbors in the moment um maybe that's
not<00:12:21.120><c> going</c><00:12:21.240><c> to</c><00:12:21.320><c> stay</c><00:12:21.560><c> like</c><00:12:21.760><c> that</c><00:12:22.079><c> but</c><00:12:22.600><c> uh</c><00:12:23.399><c> for</c>

00:12:23.590 --> 00:12:23.600 align:start position:0%
not going to stay like that but uh for
 

00:12:23.600 --> 00:12:26.629 align:start position:0%
not going to stay like that but uh for
experimental<00:12:24.160><c> purposes</c><00:12:24.680><c> that</c><00:12:25.440><c> uh</c><00:12:26.279><c> may</c><00:12:26.440><c> be</c>

00:12:26.629 --> 00:12:26.639 align:start position:0%
experimental purposes that uh may be
 

00:12:26.639 --> 00:12:27.430 align:start position:0%
experimental purposes that uh may be
quite

00:12:27.430 --> 00:12:27.440 align:start position:0%
quite
 

00:12:27.440 --> 00:12:29.750 align:start position:0%
quite
interesting<00:12:28.440><c> um</c><00:12:28.600><c> you</c><00:12:28.680><c> can</c><00:12:28.839><c> also</c><00:12:29.160><c> track</c><00:12:29.360><c> flight</c>

00:12:29.750 --> 00:12:29.760 align:start position:0%
interesting um you can also track flight
 

00:12:29.760 --> 00:12:33.310 align:start position:0%
interesting um you can also track flight
data<00:12:30.760><c> um</c><00:12:31.079><c> that</c><00:12:31.639><c> is</c><00:12:31.920><c> is</c><00:12:32.079><c> another</c><00:12:32.800><c> possibility</c>

00:12:33.310 --> 00:12:33.320 align:start position:0%
data um that is is another possibility
 

00:12:33.320 --> 00:12:34.670 align:start position:0%
data um that is is another possibility
this<00:12:33.440><c> is</c><00:12:33.600><c> how</c><00:12:33.800><c> this</c><00:12:33.920><c> looks</c><00:12:34.160><c> if</c><00:12:34.279><c> you</c><00:12:34.360><c> read</c><00:12:34.560><c> it</c>

00:12:34.670 --> 00:12:34.680 align:start position:0%
this is how this looks if you read it
 

00:12:34.680 --> 00:12:37.350 align:start position:0%
this is how this looks if you read it
out<00:12:34.880><c> of</c><00:12:35.199><c> the</c><00:12:35.760><c> uh</c><00:12:35.880><c> radio</c>

00:12:37.350 --> 00:12:37.360 align:start position:0%
out of the uh radio
 

00:12:37.360 --> 00:12:40.110 align:start position:0%
out of the uh radio
frequencies<00:12:38.360><c> so</c><00:12:38.680><c> for</c><00:12:38.880><c> our</c><00:12:39.399><c> um</c><00:12:39.600><c> experimental</c>

00:12:40.110 --> 00:12:40.120 align:start position:0%
frequencies so for our um experimental
 

00:12:40.120 --> 00:12:42.550 align:start position:0%
frequencies so for our um experimental
setup<00:12:40.480><c> we</c><00:12:40.600><c> have</c><00:12:40.760><c> a</c><00:12:40.839><c> couple</c><00:12:41.079><c> of</c><00:12:41.199><c> personas</c><00:12:41.720><c> here</c>

00:12:42.550 --> 00:12:42.560 align:start position:0%
setup we have a couple of personas here
 

00:12:42.560 --> 00:12:44.069 align:start position:0%
setup we have a couple of personas here
um<00:12:42.800><c> we</c><00:12:42.920><c> have</c><00:12:43.040><c> the</c><00:12:43.160><c> device</c><00:12:43.480><c> itself</c><00:12:43.839><c> that's</c><00:12:43.959><c> the</c>

00:12:44.069 --> 00:12:44.079 align:start position:0%
um we have the device itself that's the
 

00:12:44.079 --> 00:12:46.990 align:start position:0%
um we have the device itself that's the
Raspberry<00:12:44.560><c> Pi</c><00:12:45.279><c> we</c><00:12:45.440><c> have</c><00:12:45.560><c> the</c><00:12:45.680><c> device</c><00:12:46.040><c> contract</c>

00:12:46.990 --> 00:12:47.000 align:start position:0%
Raspberry Pi we have the device contract
 

00:12:47.000 --> 00:12:48.790 align:start position:0%
Raspberry Pi we have the device contract
that<00:12:47.160><c> is</c><00:12:47.720><c> um</c><00:12:47.880><c> the</c><00:12:48.000><c> contracts</c><00:12:48.480><c> that</c><00:12:48.600><c> are</c>

00:12:48.790 --> 00:12:48.800 align:start position:0%
that is um the contracts that are
 

00:12:48.800 --> 00:12:50.670 align:start position:0%
that is um the contracts that are
actually<00:12:49.160><c> that</c><00:12:49.639><c> ethereum</c><00:12:50.199><c> contracts</c><00:12:50.600><c> that</c>

00:12:50.670 --> 00:12:50.680 align:start position:0%
actually that ethereum contracts that
 

00:12:50.680 --> 00:12:52.470 align:start position:0%
actually that ethereum contracts that
are<00:12:50.839><c> actually</c><00:12:51.040><c> entered</c><00:12:51.399><c> in</c><00:12:51.959><c> between</c><00:12:52.279><c> the</c>

00:12:52.470 --> 00:12:52.480 align:start position:0%
are actually entered in between the
 

00:12:52.480 --> 00:12:56.030 align:start position:0%
are actually entered in between the
devices<00:12:53.320><c> and</c><00:12:53.680><c> a</c><00:12:54.320><c> central</c><00:12:55.120><c> token</c><00:12:55.600><c> Bank</c>

00:12:56.030 --> 00:12:56.040 align:start position:0%
devices and a central token Bank
 

00:12:56.040 --> 00:12:58.350 align:start position:0%
devices and a central token Bank
contract<00:12:57.000><c> we</c><00:12:57.160><c> have</c><00:12:57.279><c> the</c><00:12:57.519><c> device</c><00:12:57.839><c> registry</c>

00:12:58.350 --> 00:12:58.360 align:start position:0%
contract we have the device registry
 

00:12:58.360 --> 00:12:59.670 align:start position:0%
contract we have the device registry
that<00:12:58.519><c> basically</c><00:12:58.800><c> knows</c><00:12:59.240><c> everything</c><00:12:59.519><c> about</c>

00:12:59.670 --> 00:12:59.680 align:start position:0%
that basically knows everything about
 

00:12:59.680 --> 00:13:01.189 align:start position:0%
that basically knows everything about
all<00:12:59.800><c> the</c><00:12:59.920><c> devices</c><00:13:00.279><c> in</c><00:13:00.440><c> the</c><00:13:00.600><c> system</c><00:13:00.880><c> for</c><00:13:01.040><c> our</c>

00:13:01.189 --> 00:13:01.199 align:start position:0%
all the devices in the system for our
 

00:13:01.199 --> 00:13:03.790 align:start position:0%
all the devices in the system for our
setup<00:13:01.959><c> and</c><00:13:02.079><c> then</c><00:13:02.199><c> we</c><00:13:02.279><c> have</c><00:13:02.560><c> glansen</c><00:13:03.560><c> which</c><00:13:03.680><c> is</c>

00:13:03.790 --> 00:13:03.800 align:start position:0%
setup and then we have glansen which is
 

00:13:03.800 --> 00:13:06.550 align:start position:0%
setup and then we have glansen which is
a<00:13:03.959><c> producer</c><00:13:04.600><c> of</c><00:13:04.839><c> Docker</c><00:13:05.279><c> containers</c><00:13:06.279><c> that</c><00:13:06.399><c> are</c>

00:13:06.550 --> 00:13:06.560 align:start position:0%
a producer of Docker containers that are
 

00:13:06.560 --> 00:13:08.150 align:start position:0%
a producer of Docker containers that are
actually<00:13:06.720><c> shipped</c><00:13:07.040><c> out</c><00:13:07.240><c> to</c><00:13:07.360><c> the</c><00:13:07.519><c> devices</c><00:13:07.959><c> that</c>

00:13:08.150 --> 00:13:08.160 align:start position:0%
actually shipped out to the devices that
 

00:13:08.160 --> 00:13:12.550 align:start position:0%
actually shipped out to the devices that
those<00:13:08.519><c> devices</c><00:13:09.560><c> employ</c><00:13:10.800><c> deploy</c><00:13:11.800><c> and</c><00:13:12.199><c> that</c><00:13:12.320><c> are</c>

00:13:12.550 --> 00:13:12.560 align:start position:0%
those devices employ deploy and that are
 

00:13:12.560 --> 00:13:14.629 align:start position:0%
those devices employ deploy and that are
then<00:13:12.839><c> having</c><00:13:13.160><c> basically</c><00:13:13.480><c> the</c><00:13:13.600><c> entire</c><00:13:13.959><c> logic</c>

00:13:14.629 --> 00:13:14.639 align:start position:0%
then having basically the entire logic
 

00:13:14.639 --> 00:13:16.629 align:start position:0%
then having basically the entire logic
that<00:13:14.760><c> is</c><00:13:14.920><c> needed</c><00:13:15.240><c> to</c><00:13:15.480><c> ship</c><00:13:15.920><c> to</c><00:13:16.079><c> make</c><00:13:16.279><c> to</c><00:13:16.399><c> enter</c>

00:13:16.629 --> 00:13:16.639 align:start position:0%
that is needed to ship to make to enter
 

00:13:16.639 --> 00:13:19.310 align:start position:0%
that is needed to ship to make to enter
into<00:13:17.399><c> negotiations</c><00:13:18.399><c> and</c><00:13:18.519><c> to</c><00:13:18.639><c> ship</c><00:13:18.880><c> the</c><00:13:19.000><c> data</c>

00:13:19.310 --> 00:13:19.320 align:start position:0%
into negotiations and to ship the data
 

00:13:19.320 --> 00:13:22.269 align:start position:0%
into negotiations and to ship the data
home<00:13:20.079><c> to</c><00:13:20.240><c> a</c>

00:13:22.269 --> 00:13:22.279 align:start position:0%
home to a
 

00:13:22.279 --> 00:13:24.710 align:start position:0%
home to a
consumer<00:13:23.279><c> this</c><00:13:23.399><c> is</c><00:13:23.600><c> how</c><00:13:24.240><c> um</c><00:13:24.560><c> the</c>

00:13:24.710 --> 00:13:24.720 align:start position:0%
consumer this is how um the
 

00:13:24.720 --> 00:13:25.829 align:start position:0%
consumer this is how um the
infrastructure

00:13:25.829 --> 00:13:25.839 align:start position:0%
infrastructure
 

00:13:25.839 --> 00:13:29.310 align:start position:0%
infrastructure
looks<00:13:26.839><c> um</c><00:13:27.320><c> up</c><00:13:27.519><c> on</c><00:13:27.639><c> the</c><00:13:27.839><c> top</c><00:13:28.040><c> you</c><00:13:28.240><c> have</c><00:13:28.639><c> the</c><00:13:29.199><c> uh</c>

00:13:29.310 --> 00:13:29.320 align:start position:0%
looks um up on the top you have the uh
 

00:13:29.320 --> 00:13:32.829 align:start position:0%
looks um up on the top you have the uh
raspberry<00:13:30.320><c> pies</c><00:13:31.320><c> um</c><00:13:32.320><c> down</c><00:13:32.519><c> here</c><00:13:32.639><c> in</c><00:13:32.760><c> the</c>

00:13:32.829 --> 00:13:32.839 align:start position:0%
raspberry pies um down here in the
 

00:13:32.839 --> 00:13:34.829 align:start position:0%
raspberry pies um down here in the
middle<00:13:33.160><c> you</c><00:13:33.320><c> have</c><00:13:33.560><c> the</c><00:13:34.120><c> um</c><00:13:34.360><c> Contracting</c>

00:13:34.829 --> 00:13:34.839 align:start position:0%
middle you have the um Contracting
 

00:13:34.839 --> 00:13:36.710 align:start position:0%
middle you have the um Contracting
server<00:13:35.320><c> that</c><00:13:35.440><c> is</c><00:13:35.600><c> the</c><00:13:35.800><c> consumer</c><00:13:36.199><c> of</c><00:13:36.320><c> the</c><00:13:36.440><c> data</c>

00:13:36.710 --> 00:13:36.720 align:start position:0%
server that is the consumer of the data
 

00:13:36.720 --> 00:13:38.230 align:start position:0%
server that is the consumer of the data
that<00:13:36.880><c> actually</c><00:13:37.240><c> is</c><00:13:37.360><c> willing</c><00:13:37.639><c> to</c><00:13:37.800><c> pay</c><00:13:37.959><c> for</c><00:13:38.120><c> the</c>

00:13:38.230 --> 00:13:38.240 align:start position:0%
that actually is willing to pay for the
 

00:13:38.240 --> 00:13:40.629 align:start position:0%
that actually is willing to pay for the
data<00:13:38.560><c> and</c><00:13:38.680><c> wants</c><00:13:38.920><c> the</c><00:13:39.079><c> data</c><00:13:39.320><c> to</c><00:13:39.480><c> be</c><00:13:39.800><c> to</c><00:13:40.240><c> um</c><00:13:40.480><c> to</c>

00:13:40.629 --> 00:13:40.639 align:start position:0%
data and wants the data to be to um to
 

00:13:40.639 --> 00:13:42.590 align:start position:0%
data and wants the data to be to um to
have<00:13:40.760><c> the</c><00:13:40.880><c> data</c><00:13:41.160><c> delivered</c><00:13:42.160><c> from</c><00:13:42.399><c> the</c>

00:13:42.590 --> 00:13:42.600 align:start position:0%
have the data delivered from the
 

00:13:42.600 --> 00:13:44.150 align:start position:0%
have the data delivered from the
raspberry

00:13:44.150 --> 00:13:44.160 align:start position:0%
raspberry
 

00:13:44.160 --> 00:13:50.110 align:start position:0%
raspberry
pies<00:13:45.160><c> oops</c>

00:13:50.110 --> 00:13:50.120 align:start position:0%
 
 

00:13:50.120 --> 00:13:52.430 align:start position:0%
 
sorry<00:13:51.120><c> oh</c><00:13:51.399><c> sorry</c><00:13:51.639><c> it's</c><00:13:51.759><c> out</c><00:13:51.920><c> of</c><00:13:52.040><c> power</c><00:13:52.240><c> for</c>

00:13:52.430 --> 00:13:52.440 align:start position:0%
sorry oh sorry it's out of power for
 

00:13:52.440 --> 00:14:00.430 align:start position:0%
sorry oh sorry it's out of power for
good<00:13:53.120><c> somebody</c><00:13:53.360><c> can</c><00:13:53.560><c> help</c><00:13:53.720><c> me</c>

00:14:00.430 --> 00:14:00.440 align:start position:0%
 
 

00:14:00.440 --> 00:14:01.829 align:start position:0%
 
I<00:14:00.519><c> have</c><00:14:00.680><c> one</c><00:14:00.880><c> it's</c><00:14:01.040><c> fine</c><00:14:01.279><c> there's</c><00:14:01.440><c> one</c><00:14:01.639><c> on</c><00:14:01.720><c> the</c>

00:14:01.829 --> 00:14:01.839 align:start position:0%
I have one it's fine there's one on the
 

00:14:01.839 --> 00:14:42.030 align:start position:0%
I have one it's fine there's one on the
ground<00:14:02.040><c> ready</c><00:14:02.240><c> plug</c><00:14:02.480><c> in</c><00:14:02.880><c> oh</c>

00:14:42.030 --> 00:14:42.040 align:start position:0%
 
 

00:14:42.040 --> 00:14:45.069 align:start position:0%
 
not<00:14:43.040><c> okay</c>

00:14:45.069 --> 00:14:45.079 align:start position:0%
not okay
 

00:14:45.079 --> 00:14:48.829 align:start position:0%
not okay
so<00:14:46.079><c> the</c><00:14:46.199><c> main</c><00:14:46.519><c> aspect</c><00:14:47.320><c> um</c><00:14:48.040><c> what</c><00:14:48.240><c> ethereum</c><00:14:48.680><c> is</c>

00:14:48.829 --> 00:14:48.839 align:start position:0%
so the main aspect um what ethereum is
 

00:14:48.839 --> 00:14:50.230 align:start position:0%
so the main aspect um what ethereum is
actually<00:14:49.000><c> used</c><00:14:49.279><c> for</c><00:14:49.639><c> and</c><00:14:49.759><c> that's</c><00:14:50.000><c> that's</c><00:14:50.120><c> the</c>

00:14:50.230 --> 00:14:50.240 align:start position:0%
actually used for and that's that's the
 

00:14:50.240 --> 00:14:52.230 align:start position:0%
actually used for and that's that's the
important<00:14:50.600><c> thing</c><00:14:50.839><c> here</c><00:14:51.079><c> because</c><00:14:51.639><c> I</c><00:14:51.880><c> I've</c>

00:14:52.230 --> 00:14:52.240 align:start position:0%
important thing here because I I've
 

00:14:52.240 --> 00:14:54.069 align:start position:0%
important thing here because I I've
often<00:14:52.519><c> encountered</c><00:14:53.000><c> the</c><00:14:53.160><c> question</c><00:14:53.800><c> why</c><00:14:53.959><c> do</c>

00:14:54.069 --> 00:14:54.079 align:start position:0%
often encountered the question why do
 

00:14:54.079 --> 00:14:56.710 align:start position:0%
often encountered the question why do
you<00:14:54.199><c> need</c><00:14:54.440><c> blockchain</c><00:14:54.920><c> for</c><00:14:55.279><c> iot</c><00:14:56.279><c> and</c><00:14:56.360><c> the</c><00:14:56.480><c> main</c>

00:14:56.710 --> 00:14:56.720 align:start position:0%
you need blockchain for iot and the main
 

00:14:56.720 --> 00:14:59.189 align:start position:0%
you need blockchain for iot and the main
aspect<00:14:57.000><c> is</c><00:14:57.160><c> really</c><00:14:57.360><c> the</c><00:14:57.519><c> negotiation</c>

00:14:59.189 --> 00:14:59.199 align:start position:0%
aspect is really the negotiation
 

00:14:59.199 --> 00:15:01.350 align:start position:0%
aspect is really the negotiation
to<00:14:59.480><c> negotiate</c><00:14:59.959><c> between</c><00:15:00.279><c> devices</c><00:15:01.199><c> and</c>

00:15:01.350 --> 00:15:01.360 align:start position:0%
to negotiate between devices and
 

00:15:01.360 --> 00:15:04.389 align:start position:0%
to negotiate between devices and
endpoints<00:15:02.320><c> in</c><00:15:02.440><c> an</c><00:15:02.600><c> untrusted</c><00:15:03.399><c> environment</c>

00:15:04.389 --> 00:15:04.399 align:start position:0%
endpoints in an untrusted environment
 

00:15:04.399 --> 00:15:06.350 align:start position:0%
endpoints in an untrusted environment
that<00:15:04.480><c> is</c><00:15:04.639><c> what</c><00:15:04.800><c> we're</c><00:15:04.959><c> using</c><00:15:05.279><c> ethereum</c><00:15:05.759><c> for</c>

00:15:06.350 --> 00:15:06.360 align:start position:0%
that is what we're using ethereum for
 

00:15:06.360 --> 00:15:09.430 align:start position:0%
that is what we're using ethereum for
and<00:15:06.519><c> that</c><00:15:06.720><c> is</c><00:15:07.199><c> the</c><00:15:07.360><c> whole</c><00:15:07.839><c> mechanism</c><00:15:08.519><c> of</c><00:15:09.240><c> the</c>

00:15:09.430 --> 00:15:09.440 align:start position:0%
and that is the whole mechanism of the
 

00:15:09.440 --> 00:15:12.990 align:start position:0%
and that is the whole mechanism of the
devices<00:15:10.120><c> offering</c><00:15:11.120><c> their</c><00:15:11.360><c> data</c><00:15:12.000><c> the</c><00:15:12.160><c> central</c>

00:15:12.990 --> 00:15:13.000 align:start position:0%
devices offering their data the central
 

00:15:13.000 --> 00:15:14.790 align:start position:0%
devices offering their data the central
consumer<00:15:13.440><c> of</c><00:15:13.600><c> the</c><00:15:13.720><c> data</c><00:15:14.160><c> accepting</c><00:15:14.519><c> that</c>

00:15:14.790 --> 00:15:14.800 align:start position:0%
consumer of the data accepting that
 

00:15:14.800 --> 00:15:18.910 align:start position:0%
consumer of the data accepting that
offer<00:15:15.800><c> um</c><00:15:15.920><c> creating</c><00:15:16.240><c> an</c><00:15:16.399><c> escra</c><00:15:17.160><c> where</c><00:15:17.800><c> the</c><00:15:18.440><c> uh</c>

00:15:18.910 --> 00:15:18.920 align:start position:0%
offer um creating an escra where the uh
 

00:15:18.920 --> 00:15:21.509 align:start position:0%
offer um creating an escra where the uh
the<00:15:19.000><c> future</c><00:15:19.360><c> payment</c><00:15:19.759><c> is</c><00:15:20.079><c> put</c><00:15:21.000><c> uh</c><00:15:21.120><c> for</c><00:15:21.360><c> the</c>

00:15:21.509 --> 00:15:21.519 align:start position:0%
the future payment is put uh for the
 

00:15:21.519 --> 00:15:24.430 align:start position:0%
the future payment is put uh for the
devices<00:15:21.920><c> then</c><00:15:22.079><c> to</c><00:15:22.199><c> ship</c><00:15:22.480><c> the</c><00:15:23.040><c> data</c><00:15:24.040><c> um</c><00:15:24.320><c> which</c>

00:15:24.430 --> 00:15:24.440 align:start position:0%
devices then to ship the data um which
 

00:15:24.440 --> 00:15:27.590 align:start position:0%
devices then to ship the data um which
is<00:15:24.800><c> out</c><00:15:24.959><c> of</c><00:15:25.120><c> Bend</c><00:15:25.920><c> uh</c><00:15:26.680><c> and</c><00:15:26.839><c> then</c><00:15:27.120><c> and</c><00:15:27.399><c> in</c><00:15:27.519><c> the</c>

00:15:27.590 --> 00:15:27.600 align:start position:0%
is out of Bend uh and then and in the
 

00:15:27.600 --> 00:15:29.590 align:start position:0%
is out of Bend uh and then and in the
end<00:15:27.800><c> to</c><00:15:28.040><c> pay</c><00:15:28.319><c> out</c><00:15:28.440><c> of</c><00:15:28.560><c> the</c><00:15:28.680><c> ES</c>

00:15:29.590 --> 00:15:29.600 align:start position:0%
end to pay out of the ES
 

00:15:29.600 --> 00:15:32.749 align:start position:0%
end to pay out of the ES
when<00:15:30.160><c> the</c><00:15:30.360><c> data</c><00:15:30.639><c> has</c><00:15:30.800><c> been</c><00:15:30.959><c> shipped</c><00:15:31.920><c> so</c><00:15:32.600><c> and</c>

00:15:32.749 --> 00:15:32.759 align:start position:0%
when the data has been shipped so and
 

00:15:32.759 --> 00:15:35.030 align:start position:0%
when the data has been shipped so and
that<00:15:32.959><c> is</c><00:15:33.199><c> basically</c><00:15:33.639><c> the</c><00:15:33.800><c> main</c><00:15:34.440><c> um</c><00:15:34.680><c> point</c><00:15:34.920><c> of</c>

00:15:35.030 --> 00:15:35.040 align:start position:0%
that is basically the main um point of
 

00:15:35.040 --> 00:15:37.069 align:start position:0%
that is basically the main um point of
the<00:15:35.160><c> whole</c><00:15:35.360><c> experiment</c><00:15:35.839><c> to</c><00:15:36.000><c> see</c><00:15:36.600><c> whether</c><00:15:36.880><c> that</c>

00:15:37.069 --> 00:15:37.079 align:start position:0%
the whole experiment to see whether that
 

00:15:37.079 --> 00:15:39.790 align:start position:0%
the whole experiment to see whether that
in<00:15:37.199><c> a</c><00:15:37.480><c> fashion</c><00:15:37.759><c> that</c><00:15:37.920><c> scales</c><00:15:38.639><c> sufficiently</c><00:15:39.639><c> um</c>

00:15:39.790 --> 00:15:39.800 align:start position:0%
in a fashion that scales sufficiently um
 

00:15:39.800 --> 00:15:42.590 align:start position:0%
in a fashion that scales sufficiently um
can<00:15:40.000><c> actually</c><00:15:40.240><c> be</c><00:15:40.399><c> done</c><00:15:40.639><c> using</c><00:15:41.240><c> ethereum</c><00:15:42.240><c> and</c>

00:15:42.590 --> 00:15:42.600 align:start position:0%
can actually be done using ethereum and
 

00:15:42.600 --> 00:15:46.949 align:start position:0%
can actually be done using ethereum and
at<00:15:42.759><c> this</c><00:15:42.959><c> point</c><00:15:43.279><c> I</c><00:15:43.360><c> would</c><00:15:43.600><c> say</c><00:15:44.319><c> um</c><00:15:44.959><c> it</c><00:15:45.120><c> is</c><00:15:45.199><c> a</c>

00:15:46.949 --> 00:15:46.959 align:start position:0%
at this point I would say um it is a
 

00:15:46.959 --> 00:15:49.150 align:start position:0%
at this point I would say um it is a
success<00:15:47.959><c> so</c><00:15:48.160><c> this</c><00:15:48.279><c> is</c><00:15:48.440><c> how</c><00:15:48.600><c> a</c><00:15:48.720><c> proof</c><00:15:48.920><c> of</c>

00:15:49.150 --> 00:15:49.160 align:start position:0%
success so this is how a proof of
 

00:15:49.160 --> 00:15:53.150 align:start position:0%
success so this is how a proof of
concept<00:15:50.160><c> uh</c><00:15:50.319><c> looked</c><00:15:50.800><c> like</c><00:15:51.800><c> it's</c><00:15:52.120><c> actually</c>

00:15:53.150 --> 00:15:53.160 align:start position:0%
concept uh looked like it's actually
 

00:15:53.160 --> 00:15:56.269 align:start position:0%
concept uh looked like it's actually
emulated<00:15:54.160><c> uh</c><00:15:54.639><c> simulated</c><00:15:55.639><c> we</c><00:15:55.800><c> didn't</c><00:15:56.040><c> have</c>

00:15:56.269 --> 00:15:56.279 align:start position:0%
emulated uh simulated we didn't have
 

00:15:56.279 --> 00:15:58.670 align:start position:0%
emulated uh simulated we didn't have
quite<00:15:56.480><c> as</c><00:15:56.639><c> many</c><00:15:57.480><c> points</c><00:15:57.880><c> there</c><00:15:58.079><c> but</c><00:15:58.199><c> we</c><00:15:58.319><c> zeroed</c>

00:15:58.670 --> 00:15:58.680 align:start position:0%
quite as many points there but we zeroed
 

00:15:58.680 --> 00:15:59.590 align:start position:0%
quite as many points there but we zeroed
in

00:15:59.590 --> 00:15:59.600 align:start position:0%
in
 

00:15:59.600 --> 00:16:01.949 align:start position:0%
in
on<00:15:59.920><c> some</c><00:16:00.279><c> that</c><00:16:00.560><c> that</c><00:16:00.639><c> were</c><00:16:00.839><c> actually</c><00:16:01.040><c> running</c>

00:16:01.949 --> 00:16:01.959 align:start position:0%
on some that that were actually running
 

00:16:01.959 --> 00:16:04.590 align:start position:0%
on some that that were actually running
then<00:16:02.120><c> you</c><00:16:02.240><c> could</c><00:16:02.440><c> see</c><00:16:03.040><c> what</c><00:16:03.279><c> data</c><00:16:04.160><c> um</c><00:16:04.360><c> was</c>

00:16:04.590 --> 00:16:04.600 align:start position:0%
then you could see what data um was
 

00:16:04.600 --> 00:16:06.590 align:start position:0%
then you could see what data um was
actually<00:16:05.000><c> there</c><00:16:05.600><c> to</c><00:16:05.920><c> and</c><00:16:06.079><c> what</c><00:16:06.240><c> connections</c>

00:16:06.590 --> 00:16:06.600 align:start position:0%
actually there to and what connections
 

00:16:06.600 --> 00:16:08.150 align:start position:0%
actually there to and what connections
were<00:16:06.759><c> endpoints</c><00:16:07.160><c> were</c><00:16:07.360><c> actually</c><00:16:07.600><c> there</c><00:16:07.800><c> to</c><00:16:07.959><c> be</c>

00:16:08.150 --> 00:16:08.160 align:start position:0%
were endpoints were actually there to be
 

00:16:08.160 --> 00:16:10.069 align:start position:0%
were endpoints were actually there to be
consumed<00:16:08.720><c> you</c><00:16:08.880><c> could</c><00:16:09.040><c> have</c><00:16:09.240><c> a</c><00:16:09.519><c> device</c>

00:16:10.069 --> 00:16:10.079 align:start position:0%
consumed you could have a device
 

00:16:10.079 --> 00:16:11.949 align:start position:0%
consumed you could have a device
registration<00:16:11.079><c> where</c><00:16:11.240><c> a</c><00:16:11.360><c> device</c><00:16:11.680><c> can</c><00:16:11.800><c> be</c>

00:16:11.949 --> 00:16:11.959 align:start position:0%
registration where a device can be
 

00:16:11.959 --> 00:16:14.389 align:start position:0%
registration where a device can be
registered<00:16:12.800><c> um</c><00:16:12.959><c> so</c><00:16:13.160><c> that</c><00:16:13.279><c> it</c><00:16:13.399><c> can</c><00:16:13.519><c> be</c><00:16:13.720><c> in</c><00:16:14.199><c> take</c>

00:16:14.389 --> 00:16:14.399 align:start position:0%
registered um so that it can be in take
 

00:16:14.399 --> 00:16:15.670 align:start position:0%
registered um so that it can be in take
part<00:16:14.600><c> in</c><00:16:14.720><c> the</c>

00:16:15.670 --> 00:16:15.680 align:start position:0%
part in the
 

00:16:15.680 --> 00:16:18.670 align:start position:0%
part in the
marketplace<00:16:16.680><c> we</c><00:16:16.880><c> then</c><00:16:17.160><c> have</c><00:16:17.839><c> uh</c><00:16:18.319><c> the</c><00:16:18.480><c> view</c>

00:16:18.670 --> 00:16:18.680 align:start position:0%
marketplace we then have uh the view
 

00:16:18.680 --> 00:16:20.150 align:start position:0%
marketplace we then have uh the view
here<00:16:18.800><c> of</c><00:16:18.920><c> the</c><00:16:19.000><c> blockchain</c><00:16:19.399><c> how</c><00:16:19.519><c> it</c><00:16:19.639><c> looks</c><00:16:19.880><c> when</c>

00:16:20.150 --> 00:16:20.160 align:start position:0%
here of the blockchain how it looks when
 

00:16:20.160 --> 00:16:21.870 align:start position:0%
here of the blockchain how it looks when
these<00:16:20.319><c> devices</c><00:16:20.759><c> actually</c><00:16:20.959><c> starting</c><00:16:21.319><c> to</c>

00:16:21.870 --> 00:16:21.880 align:start position:0%
these devices actually starting to
 

00:16:21.880 --> 00:16:23.509 align:start position:0%
these devices actually starting to
communicate<00:16:22.360><c> with</c><00:16:22.560><c> each</c><00:16:22.720><c> other</c><00:16:23.160><c> and</c><00:16:23.399><c> and</c>

00:16:23.509 --> 00:16:23.519 align:start position:0%
communicate with each other and and
 

00:16:23.519 --> 00:16:25.389 align:start position:0%
communicate with each other and and
starting<00:16:23.839><c> to</c><00:16:23.959><c> enter</c><00:16:24.279><c> contracts</c><00:16:24.720><c> with</c><00:16:24.880><c> each</c>

00:16:25.389 --> 00:16:25.399 align:start position:0%
starting to enter contracts with each
 

00:16:25.399 --> 00:16:31.069 align:start position:0%
starting to enter contracts with each
other<00:16:26.399><c> and</c><00:16:26.639><c> this</c><00:16:26.759><c> is</c><00:16:27.199><c> how</c><00:16:28.199><c> um</c><00:16:28.600><c> the</c><00:16:29.319><c> actual</c><00:16:30.319><c> flow</c>

00:16:31.069 --> 00:16:31.079 align:start position:0%
other and this is how um the actual flow
 

00:16:31.079 --> 00:16:32.870 align:start position:0%
other and this is how um the actual flow
within<00:16:31.480><c> the</c><00:16:31.759><c> different</c><00:16:32.079><c> players</c><00:16:32.519><c> in</c><00:16:32.680><c> the</c>

00:16:32.870 --> 00:16:32.880 align:start position:0%
within the different players in the
 

00:16:32.880 --> 00:16:35.389 align:start position:0%
within the different players in the
system<00:16:33.160><c> worked</c><00:16:33.519><c> I</c><00:16:33.639><c> I</c><00:16:33.720><c> won't</c><00:16:33.920><c> go</c><00:16:34.079><c> through</c><00:16:34.399><c> it</c>

00:16:35.389 --> 00:16:35.399 align:start position:0%
system worked I I won't go through it
 

00:16:35.399 --> 00:16:39.470 align:start position:0%
system worked I I won't go through it
step<00:16:35.639><c> by</c><00:16:35.839><c> step</c><00:16:36.000><c> in</c><00:16:36.120><c> the</c><00:16:36.199><c> moment</c><00:16:36.480><c> here</c><00:16:36.720><c> but</c>

00:16:39.470 --> 00:16:39.480 align:start position:0%
 
 

00:16:39.480 --> 00:16:42.230 align:start position:0%
 
um<00:16:40.480><c> it's</c><00:16:41.040><c> just</c><00:16:41.279><c> I</c><00:16:41.560><c> you</c><00:16:41.680><c> you're</c><00:16:41.839><c> getting</c><00:16:42.079><c> the</c>

00:16:42.230 --> 00:16:42.240 align:start position:0%
um it's just I you you're getting the
 

00:16:42.240 --> 00:16:44.269 align:start position:0%
um it's just I you you're getting the
idea<00:16:42.639><c> it's</c><00:16:42.920><c> it's</c><00:16:43.120><c> quite</c><00:16:43.279><c> straightforward</c>

00:16:44.269 --> 00:16:44.279 align:start position:0%
idea it's it's quite straightforward
 

00:16:44.279 --> 00:16:47.150 align:start position:0%
idea it's it's quite straightforward
actually<00:16:45.279><c> and</c><00:16:45.639><c> in</c><00:16:45.759><c> the</c><00:16:45.920><c> end</c><00:16:46.360><c> this</c><00:16:46.480><c> is</c><00:16:46.680><c> the</c><00:16:47.040><c> this</c>

00:16:47.150 --> 00:16:47.160 align:start position:0%
actually and in the end this is the this
 

00:16:47.160 --> 00:16:48.590 align:start position:0%
actually and in the end this is the this
was<00:16:47.279><c> the</c><00:16:47.360><c> bootstrapping</c><00:16:47.920><c> flow</c><00:16:48.240><c> actually</c><00:16:48.440><c> to</c>

00:16:48.590 --> 00:16:48.600 align:start position:0%
was the bootstrapping flow actually to
 

00:16:48.600 --> 00:16:51.470 align:start position:0%
was the bootstrapping flow actually to
enter<00:16:48.920><c> into</c><00:16:49.199><c> the</c><00:16:49.720><c> um</c><00:16:50.560><c> to</c><00:16:50.720><c> get</c><00:16:50.839><c> a</c><00:16:50.959><c> container</c><00:16:51.319><c> to</c>

00:16:51.470 --> 00:16:51.480 align:start position:0%
enter into the um to get a container to
 

00:16:51.480 --> 00:16:54.110 align:start position:0%
enter into the um to get a container to
a<00:16:51.680><c> device</c><00:16:52.000><c> so</c><00:16:52.399><c> the</c><00:16:52.519><c> whole</c><00:16:52.720><c> system</c><00:16:53.079><c> can</c><00:16:53.240><c> start</c>

00:16:54.110 --> 00:16:54.120 align:start position:0%
a device so the whole system can start
 

00:16:54.120 --> 00:16:55.990 align:start position:0%
a device so the whole system can start
and<00:16:54.240><c> this</c><00:16:54.360><c> is</c><00:16:54.480><c> the</c><00:16:54.639><c> flow</c><00:16:55.519><c> um</c><00:16:55.720><c> when</c><00:16:55.880><c> the</c>

00:16:55.990 --> 00:16:56.000 align:start position:0%
and this is the flow um when the
 

00:16:56.000 --> 00:16:59.389 align:start position:0%
and this is the flow um when the
container<00:16:56.440><c> actually</c><00:16:56.920><c> runs</c><00:16:57.920><c> where</c><00:16:58.079><c> you're</c><00:16:58.680><c> um</c>

00:16:59.389 --> 00:16:59.399 align:start position:0%
container actually runs where you're um
 

00:16:59.399 --> 00:17:02.949 align:start position:0%
container actually runs where you're um
making<00:16:59.680><c> a</c><00:16:59.880><c> proposal</c><00:17:00.680><c> and</c><00:17:01.240><c> uh</c><00:17:01.680><c> in</c><00:17:01.839><c> the</c><00:17:02.000><c> end</c><00:17:02.800><c> the</c>

00:17:02.949 --> 00:17:02.959 align:start position:0%
making a proposal and uh in the end the
 

00:17:02.959 --> 00:17:10.029 align:start position:0%
making a proposal and uh in the end the
execution<00:17:03.480><c> when</c><00:17:03.600><c> it's</c><00:17:03.800><c> done</c><00:17:04.480><c> is</c><00:17:04.640><c> wound</c>

00:17:10.029 --> 00:17:10.039 align:start position:0%
 
 

00:17:10.039 --> 00:17:12.390 align:start position:0%
 
down

00:17:12.390 --> 00:17:12.400 align:start position:0%
down
 

00:17:12.400 --> 00:17:14.470 align:start position:0%
down
so<00:17:13.400><c> there</c><00:17:13.520><c> are</c><00:17:13.640><c> a</c><00:17:13.760><c> couple</c><00:17:13.919><c> of</c><00:17:14.039><c> risk</c><00:17:14.280><c> and</c>

00:17:14.470 --> 00:17:14.480 align:start position:0%
so there are a couple of risk and
 

00:17:14.480 --> 00:17:17.829 align:start position:0%
so there are a couple of risk and
opportunities<00:17:15.799><c> um</c><00:17:16.799><c> that</c><00:17:17.000><c> that</c><00:17:17.079><c> are</c><00:17:17.280><c> obvious</c><00:17:17.760><c> I</c>

00:17:17.829 --> 00:17:17.839 align:start position:0%
opportunities um that that are obvious I
 

00:17:17.839 --> 00:17:20.590 align:start position:0%
opportunities um that that are obvious I
mean<00:17:18.799><c> uh</c><00:17:18.959><c> that</c><00:17:19.079><c> we</c><00:17:19.199><c> haven't</c><00:17:19.480><c> looked</c><00:17:19.799><c> into</c><00:17:20.360><c> one</c>

00:17:20.590 --> 00:17:20.600 align:start position:0%
mean uh that we haven't looked into one
 

00:17:20.600 --> 00:17:22.590 align:start position:0%
mean uh that we haven't looked into one
is<00:17:20.720><c> the</c><00:17:20.919><c> question</c><00:17:21.480><c> about</c><00:17:21.679><c> a</c><00:17:21.839><c> spot</c><00:17:22.120><c> Market</c><00:17:22.480><c> how</c>

00:17:22.590 --> 00:17:22.600 align:start position:0%
is the question about a spot Market how
 

00:17:22.600 --> 00:17:26.429 align:start position:0%
is the question about a spot Market how
can<00:17:22.760><c> that</c><00:17:23.120><c> look</c><00:17:24.120><c> um</c><00:17:24.959><c> what</c><00:17:25.120><c> is</c><00:17:25.319><c> not</c><00:17:25.720><c> clear</c><00:17:26.039><c> to</c><00:17:26.280><c> us</c>

00:17:26.429 --> 00:17:26.439 align:start position:0%
can that look um what is not clear to us
 

00:17:26.439 --> 00:17:28.189 align:start position:0%
can that look um what is not clear to us
in<00:17:26.559><c> the</c><00:17:26.679><c> moment</c><00:17:26.959><c> is</c><00:17:27.199><c> how</c><00:17:27.400><c> do</c><00:17:27.520><c> you</c><00:17:27.799><c> actually</c>

00:17:28.189 --> 00:17:28.199 align:start position:0%
in the moment is how do you actually
 

00:17:28.199 --> 00:17:30.430 align:start position:0%
in the moment is how do you actually
control<00:17:29.000><c> access</c><00:17:29.320><c> to</c><00:17:29.480><c> the</c><00:17:29.640><c> whole</c><00:17:29.840><c> Market</c><00:17:30.320><c> how</c>

00:17:30.430 --> 00:17:30.440 align:start position:0%
control access to the whole Market how
 

00:17:30.440 --> 00:17:33.590 align:start position:0%
control access to the whole Market how
to<00:17:30.720><c> control</c><00:17:31.120><c> access</c><00:17:31.360><c> to</c><00:17:31.520><c> the</c><00:17:31.799><c> sensors</c><00:17:32.799><c> it's</c>

00:17:33.590 --> 00:17:33.600 align:start position:0%
to control access to the sensors it's
 

00:17:33.600 --> 00:17:34.750 align:start position:0%
to control access to the sensors it's
basically<00:17:33.919><c> out</c><00:17:34.039><c> of</c><00:17:34.160><c> the</c><00:17:34.280><c> scope</c><00:17:34.520><c> of</c><00:17:34.640><c> the</c>

00:17:34.750 --> 00:17:34.760 align:start position:0%
basically out of the scope of the
 

00:17:34.760 --> 00:17:37.029 align:start position:0%
basically out of the scope of the
experimentation<00:17:35.360><c> that</c><00:17:35.480><c> we</c><00:17:35.640><c> did</c><00:17:36.480><c> but</c><00:17:36.600><c> it's</c><00:17:36.720><c> not</c>

00:17:37.029 --> 00:17:37.039 align:start position:0%
experimentation that we did but it's not
 

00:17:37.039 --> 00:17:39.870 align:start position:0%
experimentation that we did but it's not
something<00:17:37.720><c> um</c><00:17:38.200><c> that</c><00:17:38.360><c> we</c><00:17:38.799><c> consider</c>

00:17:39.870 --> 00:17:39.880 align:start position:0%
something um that we consider
 

00:17:39.880 --> 00:17:43.710 align:start position:0%
something um that we consider
unsolvable<00:17:40.880><c> um</c><00:17:41.200><c> there's</c><00:17:42.120><c> also</c><00:17:43.120><c> the</c><00:17:43.320><c> question</c>

00:17:43.710 --> 00:17:43.720 align:start position:0%
unsolvable um there's also the question
 

00:17:43.720 --> 00:17:45.190 align:start position:0%
unsolvable um there's also the question
how<00:17:43.880><c> would</c><00:17:44.120><c> actual</c><00:17:44.440><c> vendors</c><00:17:44.880><c> how</c><00:17:45.000><c> would</c>

00:17:45.190 --> 00:17:45.200 align:start position:0%
how would actual vendors how would
 

00:17:45.200 --> 00:17:46.510 align:start position:0%
how would actual vendors how would
actually<00:17:45.520><c> participants</c><00:17:46.080><c> in</c><00:17:46.240><c> such</c><00:17:46.360><c> a</c>

00:17:46.510 --> 00:17:46.520 align:start position:0%
actually participants in such a
 

00:17:46.520 --> 00:17:49.270 align:start position:0%
actually participants in such a
Marketplace<00:17:47.039><c> like</c><00:17:47.320><c> to</c><00:17:48.320><c> uh</c><00:17:48.600><c> access</c><00:17:49.039><c> and</c>

00:17:49.270 --> 00:17:49.280 align:start position:0%
Marketplace like to uh access and
 

00:17:49.280 --> 00:17:51.070 align:start position:0%
Marketplace like to uh access and
process<00:17:49.760><c> and</c><00:17:49.919><c> analyze</c><00:17:50.320><c> and</c><00:17:50.440><c> filter</c><00:17:50.760><c> this</c><00:17:50.919><c> kind</c>

00:17:51.070 --> 00:17:51.080 align:start position:0%
process and analyze and filter this kind
 

00:17:51.080 --> 00:17:55.430 align:start position:0%
process and analyze and filter this kind
of<00:17:51.360><c> data</c><00:17:52.360><c> and</c><00:17:52.960><c> um</c><00:17:53.559><c> what</c><00:17:54.520><c> kind</c><00:17:54.679><c> of</c><00:17:54.880><c> arbitrary</c>

00:17:55.430 --> 00:17:55.440 align:start position:0%
of data and um what kind of arbitrary
 

00:17:55.440 --> 00:17:57.590 align:start position:0%
of data and um what kind of arbitrary
code<00:17:55.919><c> can</c><00:17:56.080><c> you</c><00:17:56.240><c> allow</c><00:17:56.600><c> in</c><00:17:56.840><c> this</c><00:17:57.120><c> this</c><00:17:57.280><c> kind</c><00:17:57.440><c> of</c>

00:17:57.590 --> 00:17:57.600 align:start position:0%
code can you allow in this this kind of
 

00:17:57.600 --> 00:17:59.710 align:start position:0%
code can you allow in this this kind of
environment

00:17:59.710 --> 00:17:59.720 align:start position:0%
environment
 

00:17:59.720 --> 00:18:02.630 align:start position:0%
environment
um<00:18:00.720><c> the</c><00:18:00.840><c> next</c><00:18:01.039><c> steps</c><00:18:01.320><c> for</c><00:18:01.520><c> us</c><00:18:01.799><c> and</c><00:18:02.159><c> it's</c><00:18:02.480><c> it's</c>

00:18:02.630 --> 00:18:02.640 align:start position:0%
um the next steps for us and it's it's
 

00:18:02.640 --> 00:18:04.830 align:start position:0%
um the next steps for us and it's it's
still<00:18:02.880><c> ongoing</c><00:18:03.640><c> um</c><00:18:03.960><c> what</c><00:18:04.080><c> is</c><00:18:04.520><c> what</c><00:18:04.640><c> is</c>

00:18:04.830 --> 00:18:04.840 align:start position:0%
still ongoing um what is what is
 

00:18:04.840 --> 00:18:06.549 align:start position:0%
still ongoing um what is what is
happening<00:18:05.240><c> there</c><00:18:05.440><c> and</c><00:18:05.720><c> again</c><00:18:06.039><c> this</c><00:18:06.120><c> is</c><00:18:06.280><c> an</c>

00:18:06.549 --> 00:18:06.559 align:start position:0%
happening there and again this is an
 

00:18:06.559 --> 00:18:09.149 align:start position:0%
happening there and again this is an
internal<00:18:07.120><c> experimentation</c><00:18:07.679><c> so</c><00:18:07.880><c> to</c><00:18:08.080><c> say</c><00:18:08.799><c> where</c>

00:18:09.149 --> 00:18:09.159 align:start position:0%
internal experimentation so to say where
 

00:18:09.159 --> 00:18:11.830 align:start position:0%
internal experimentation so to say where
that<00:18:09.320><c> we</c><00:18:09.440><c> use</c><00:18:09.840><c> also</c><00:18:10.679><c> um</c><00:18:10.840><c> to</c><00:18:11.039><c> convince</c><00:18:11.520><c> people</c>

00:18:11.830 --> 00:18:11.840 align:start position:0%
that we use also um to convince people
 

00:18:11.840 --> 00:18:15.190 align:start position:0%
that we use also um to convince people
that<00:18:12.000><c> this</c><00:18:12.120><c> is</c><00:18:12.480><c> uh</c><00:18:12.600><c> the</c><00:18:12.679><c> way</c><00:18:12.840><c> to</c><00:18:13.360><c> forward</c>

00:18:15.190 --> 00:18:15.200 align:start position:0%
that this is uh the way to forward
 

00:18:15.200 --> 00:18:17.590 align:start position:0%
that this is uh the way to forward
and<00:18:16.200><c> we</c><00:18:16.320><c> are</c>

00:18:17.590 --> 00:18:17.600 align:start position:0%
and we are
 

00:18:17.600 --> 00:18:20.710 align:start position:0%
and we are
looking<00:18:18.600><c> uh</c><00:18:18.919><c> where</c><00:18:19.080><c> we're</c><00:18:19.360><c> just</c><00:18:20.039><c> hoping</c><00:18:20.520><c> that</c>

00:18:20.710 --> 00:18:20.720 align:start position:0%
looking uh where we're just hoping that
 

00:18:20.720 --> 00:18:22.710 align:start position:0%
looking uh where we're just hoping that
A<00:18:20.840><c> Thin</c><00:18:21.159><c> Client</c><00:18:21.520><c> is</c><00:18:22.039><c> going</c><00:18:22.240><c> to</c><00:18:22.360><c> be</c><00:18:22.480><c> in</c><00:18:22.559><c> the</c>

00:18:22.710 --> 00:18:22.720 align:start position:0%
A Thin Client is going to be in the
 

00:18:22.720 --> 00:18:26.870 align:start position:0%
A Thin Client is going to be in the
cards<00:18:23.120><c> very</c><00:18:23.320><c> soon</c><00:18:24.280><c> to</c><00:18:24.760><c> have</c><00:18:24.880><c> a</c><00:18:25.080><c> good</c><00:18:25.720><c> um</c><00:18:26.480><c> road</c>

00:18:26.870 --> 00:18:26.880 align:start position:0%
cards very soon to have a good um road
 

00:18:26.880 --> 00:18:29.430 align:start position:0%
cards very soon to have a good um road
towards<00:18:27.280><c> scalability</c><00:18:27.919><c> for</c><00:18:28.120><c> this</c><00:18:28.320><c> model</c>

00:18:29.430 --> 00:18:29.440 align:start position:0%
towards scalability for this model
 

00:18:29.440 --> 00:18:31.510 align:start position:0%
towards scalability for this model
where<00:18:30.120><c> as</c><00:18:30.280><c> far</c><00:18:30.400><c> as</c><00:18:30.559><c> I</c><00:18:30.679><c> can</c><00:18:30.840><c> see</c><00:18:31.120><c> we</c><00:18:31.200><c> are</c><00:18:31.320><c> going</c>

00:18:31.510 --> 00:18:31.520 align:start position:0%
where as far as I can see we are going
 

00:18:31.520 --> 00:18:33.390 align:start position:0%
where as far as I can see we are going
to<00:18:31.679><c> have</c><00:18:31.840><c> not</c><00:18:32.120><c> too</c><00:18:32.280><c> many</c><00:18:32.480><c> validators</c><00:18:33.200><c> but</c><00:18:33.320><c> a</c>

00:18:33.390 --> 00:18:33.400 align:start position:0%
to have not too many validators but a
 

00:18:33.400 --> 00:18:35.549 align:start position:0%
to have not too many validators but a
lot<00:18:33.520><c> of</c><00:18:33.640><c> thin</c><00:18:33.919><c> cines</c><00:18:34.679><c> and</c><00:18:34.799><c> that</c><00:18:34.960><c> would</c><00:18:35.120><c> be</c><00:18:35.400><c> a</c>

00:18:35.549 --> 00:18:35.559 align:start position:0%
lot of thin cines and that would be a
 

00:18:35.559 --> 00:18:37.549 align:start position:0%
lot of thin cines and that would be a
good<00:18:35.799><c> answer</c><00:18:36.120><c> to</c><00:18:36.320><c> how</c><00:18:36.480><c> this</c><00:18:36.760><c> can</c>

00:18:37.549 --> 00:18:37.559 align:start position:0%
good answer to how this can
 

00:18:37.559 --> 00:18:40.470 align:start position:0%
good answer to how this can
scale<00:18:38.559><c> um</c><00:18:39.240><c> there</c><00:18:39.360><c> should</c><00:18:39.559><c> be</c><00:18:39.799><c> some</c><00:18:40.039><c> kind</c><00:18:40.200><c> of</c><00:18:40.280><c> an</c>

00:18:40.470 --> 00:18:40.480 align:start position:0%
scale um there should be some kind of an
 

00:18:40.480 --> 00:18:42.510 align:start position:0%
scale um there should be some kind of an
exchange<00:18:40.799><c> and</c><00:18:41.000><c> directory</c><00:18:41.600><c> that</c><00:18:41.720><c> we</c><00:18:41.840><c> will</c><00:18:42.400><c> uh</c>

00:18:42.510 --> 00:18:42.520 align:start position:0%
exchange and directory that we will uh
 

00:18:42.520 --> 00:18:45.270 align:start position:0%
exchange and directory that we will uh
look<00:18:42.760><c> at</c><00:18:43.039><c> how</c><00:18:43.200><c> this</c><00:18:43.360><c> could</c><00:18:43.520><c> look</c><00:18:44.280><c> where</c><00:18:44.679><c> um</c><00:18:45.159><c> the</c>

00:18:45.270 --> 00:18:45.280 align:start position:0%
look at how this could look where um the
 

00:18:45.280 --> 00:18:47.110 align:start position:0%
look at how this could look where um the
entire<00:18:45.559><c> Marketplace</c><00:18:46.120><c> can</c><00:18:46.360><c> can</c><00:18:46.480><c> be</c><00:18:46.640><c> driven</c>

00:18:47.110 --> 00:18:47.120 align:start position:0%
entire Marketplace can can be driven
 

00:18:47.120 --> 00:18:50.230 align:start position:0%
entire Marketplace can can be driven
through<00:18:48.280><c> um</c><00:18:49.280><c> and</c><00:18:49.400><c> then</c><00:18:49.559><c> we're</c><00:18:49.760><c> going</c><00:18:49.919><c> to</c><00:18:50.120><c> have</c>

00:18:50.230 --> 00:18:50.240 align:start position:0%
through um and then we're going to have
 

00:18:50.240 --> 00:18:53.510 align:start position:0%
through um and then we're going to have
a<00:18:50.440><c> push</c><00:18:50.919><c> uh</c><00:18:51.039><c> internally</c><00:18:51.760><c> to</c><00:18:51.960><c> try</c><00:18:52.240><c> to</c><00:18:53.039><c> uh</c><00:18:53.200><c> find</c>

00:18:53.510 --> 00:18:53.520 align:start position:0%
a push uh internally to try to uh find
 

00:18:53.520 --> 00:18:56.950 align:start position:0%
a push uh internally to try to uh find
20,000<00:18:54.640><c> people</c><00:18:55.640><c> um</c><00:18:56.000><c> that</c><00:18:56.159><c> are</c><00:18:56.320><c> interested</c><00:18:56.760><c> to</c>

00:18:56.950 --> 00:18:56.960 align:start position:0%
20,000 people um that are interested to
 

00:18:56.960 --> 00:18:58.909 align:start position:0%
20,000 people um that are interested to
sign<00:18:57.159><c> up</c><00:18:57.320><c> for</c><00:18:57.480><c> this</c><00:18:57.640><c> have</c><00:18:57.840><c> raspberry</c><00:18:58.320><c> ties</c>

00:18:58.909 --> 00:18:58.919 align:start position:0%
sign up for this have raspberry ties
 

00:18:58.919 --> 00:19:01.070 align:start position:0%
sign up for this have raspberry ties
connecting<00:18:59.280><c> into</c><00:18:59.559><c> the</c><00:18:59.760><c> system</c><00:19:00.559><c> and</c><00:19:00.720><c> making</c><00:19:00.960><c> a</c>

00:19:01.070 --> 00:19:01.080 align:start position:0%
connecting into the system and making a
 

00:19:01.080 --> 00:19:03.669 align:start position:0%
connecting into the system and making a
large<00:19:01.400><c> scale</c><00:19:02.039><c> real</c><00:19:02.480><c> test</c><00:19:03.000><c> testing</c><00:19:03.360><c> the</c><00:19:03.480><c> whole</c>

00:19:03.669 --> 00:19:03.679 align:start position:0%
large scale real test testing the whole
 

00:19:03.679 --> 00:19:07.350 align:start position:0%
large scale real test testing the whole
ethereum<00:19:04.679><c> installation</c><00:19:05.679><c> um</c><00:19:06.559><c> uh</c><00:19:06.880><c> how</c><00:19:07.039><c> fast</c><00:19:07.240><c> it</c>

00:19:07.350 --> 00:19:07.360 align:start position:0%
ethereum installation um uh how fast it
 

00:19:07.360 --> 00:19:10.270 align:start position:0%
ethereum installation um uh how fast it
can<00:19:07.559><c> really</c><00:19:07.919><c> how</c><00:19:08.159><c> how</c><00:19:08.320><c> big</c><00:19:08.480><c> it</c><00:19:08.600><c> can</c><00:19:08.760><c> really</c>

00:19:10.270 --> 00:19:10.280 align:start position:0%
can really how how big it can really
 

00:19:10.280 --> 00:19:12.669 align:start position:0%
can really how how big it can really
scale<00:19:11.280><c> uh</c><00:19:11.400><c> a</c><00:19:11.520><c> big</c><00:19:11.720><c> Thanks</c><00:19:12.000><c> goes</c><00:19:12.200><c> to</c><00:19:12.320><c> the</c><00:19:12.440><c> go</c>

00:19:12.669 --> 00:19:12.679 align:start position:0%
scale uh a big Thanks goes to the go
 

00:19:12.679 --> 00:19:14.430 align:start position:0%
scale uh a big Thanks goes to the go
team<00:19:13.159><c> at</c><00:19:13.320><c> this</c><00:19:13.480><c> point</c><00:19:13.720><c> and</c><00:19:13.880><c> I've</c><00:19:14.039><c> been</c><00:19:14.159><c> asked</c>

00:19:14.430 --> 00:19:14.440 align:start position:0%
team at this point and I've been asked
 

00:19:14.440 --> 00:19:16.149 align:start position:0%
team at this point and I've been asked
specifically<00:19:14.919><c> but</c><00:19:15.080><c> even</c><00:19:15.320><c> forward</c><00:19:15.600><c> to</c><00:19:15.840><c> extend</c>

00:19:16.149 --> 00:19:16.159 align:start position:0%
specifically but even forward to extend
 

00:19:16.159 --> 00:19:19.230 align:start position:0%
specifically but even forward to extend
that<00:19:16.760><c> um</c><00:19:16.960><c> Jeff</c><00:19:17.240><c> Felix</c><00:19:17.720><c> goph</c><00:19:18.320><c> Victor</c><00:19:19.000><c> uh</c><00:19:19.080><c> you</c>

00:19:19.230 --> 00:19:19.240 align:start position:0%
that um Jeff Felix goph Victor uh you
 

00:19:19.240 --> 00:19:21.110 align:start position:0%
that um Jeff Felix goph Victor uh you
really<00:19:19.440><c> helped</c><00:19:19.679><c> us</c><00:19:19.799><c> a</c><00:19:19.919><c> lot</c><00:19:20.280><c> I</c><00:19:20.400><c> hope</c><00:19:20.600><c> we</c><00:19:20.760><c> also</c>

00:19:21.110 --> 00:19:21.120 align:start position:0%
really helped us a lot I hope we also
 

00:19:21.120 --> 00:19:22.390 align:start position:0%
really helped us a lot I hope we also
were<00:19:21.280><c> able</c><00:19:21.440><c> to</c><00:19:21.559><c> contribute</c><00:19:22.000><c> because</c><00:19:22.200><c> we</c>

00:19:22.390 --> 00:19:22.400 align:start position:0%
were able to contribute because we
 

00:19:22.400 --> 00:19:24.909 align:start position:0%
were able to contribute because we
actually<00:19:23.240><c> did</c><00:19:23.520><c> ran</c><00:19:23.840><c> some</c><00:19:24.000><c> large</c><00:19:24.280><c> scale</c><00:19:24.559><c> tests</c>

00:19:24.909 --> 00:19:24.919 align:start position:0%
actually did ran some large scale tests
 

00:19:24.919 --> 00:19:27.270 align:start position:0%
actually did ran some large scale tests
with<00:19:25.080><c> hundreds</c><00:19:25.400><c> of</c><00:19:25.559><c> devices</c><00:19:26.520><c> or</c><00:19:26.640><c> at</c><00:19:26.720><c> least</c><00:19:27.039><c> 100</c>

00:19:27.270 --> 00:19:27.280 align:start position:0%
with hundreds of devices or at least 100
 

00:19:27.280 --> 00:19:29.950 align:start position:0%
with hundreds of devices or at least 100
devices<00:19:27.960><c> uh</c><00:19:28.360><c> running</c><00:19:28.840><c> through</c><00:19:29.000><c> containers</c>

00:19:29.950 --> 00:19:29.960 align:start position:0%
devices uh running through containers
 

00:19:29.960 --> 00:19:32.669 align:start position:0%
devices uh running through containers
running<00:19:30.559><c> unusual</c><00:19:31.120><c> devices</c><00:19:31.640><c> like</c><00:19:31.799><c> arms</c><00:19:32.520><c> um</c>

00:19:32.669 --> 00:19:32.679 align:start position:0%
running unusual devices like arms um
 

00:19:32.679 --> 00:19:34.789 align:start position:0%
running unusual devices like arms um
raspberry<00:19:33.159><c> pies</c><00:19:33.440><c> who</c><00:19:33.559><c> are</c><00:19:33.720><c> slower</c><00:19:34.159><c> and</c><00:19:34.600><c> might</c>

00:19:34.789 --> 00:19:34.799 align:start position:0%
raspberry pies who are slower and might
 

00:19:34.799 --> 00:19:36.310 align:start position:0%
raspberry pies who are slower and might
have<00:19:34.960><c> different</c><00:19:35.240><c> kinds</c><00:19:35.440><c> of</c><00:19:35.559><c> race</c><00:19:35.960><c> conditions</c>

00:19:36.310 --> 00:19:36.320 align:start position:0%
have different kinds of race conditions
 

00:19:36.320 --> 00:19:39.909 align:start position:0%
have different kinds of race conditions
as<00:19:36.400><c> a</c><00:19:36.960><c> result</c><00:19:37.960><c> and</c><00:19:38.480><c> uh</c><00:19:39.000><c> we</c><00:19:39.159><c> ran</c><00:19:39.360><c> into</c><00:19:39.559><c> a</c><00:19:39.679><c> bug</c>

00:19:39.909 --> 00:19:39.919 align:start position:0%
as a result and uh we ran into a bug
 

00:19:39.919 --> 00:19:41.430 align:start position:0%
as a result and uh we ran into a bug
here<00:19:40.000><c> and</c><00:19:40.200><c> there</c><00:19:40.400><c> and</c><00:19:40.520><c> it</c><00:19:40.600><c> was</c><00:19:40.799><c> just</c><00:19:41.000><c> amazing</c>

00:19:41.430 --> 00:19:41.440 align:start position:0%
here and there and it was just amazing
 

00:19:41.440 --> 00:19:43.590 align:start position:0%
here and there and it was just amazing
how<00:19:41.720><c> this</c><00:19:41.880><c> week</c><00:19:42.400><c> uh</c><00:19:42.520><c> we've</c><00:19:42.720><c> been</c><00:19:42.919><c> able</c><00:19:43.159><c> to</c><00:19:43.280><c> work</c>

00:19:43.590 --> 00:19:43.600 align:start position:0%
how this week uh we've been able to work
 

00:19:43.600 --> 00:19:46.310 align:start position:0%
how this week uh we've been able to work
together<00:19:44.000><c> and</c><00:19:44.240><c> and</c><00:19:44.360><c> fix</c><00:19:44.720><c> the</c><00:19:44.880><c> stuff</c><00:19:45.760><c> the</c><00:19:45.919><c> IBM</c>

00:19:46.310 --> 00:19:46.320 align:start position:0%
together and and fix the stuff the IBM
 

00:19:46.320 --> 00:19:48.549 align:start position:0%
together and and fix the stuff the IBM
guys<00:19:46.520><c> were</c><00:19:46.799><c> very</c><00:19:47.039><c> tired</c><00:19:47.360><c> and</c><00:19:47.559><c> overworked</c><00:19:48.320><c> so</c>

00:19:48.549 --> 00:19:48.559 align:start position:0%
guys were very tired and overworked so
 

00:19:48.559 --> 00:19:51.430 align:start position:0%
guys were very tired and overworked so
they<00:19:48.640><c> were</c><00:19:48.799><c> grumpy</c><00:19:49.159><c> and</c><00:19:49.280><c> brief</c><00:19:50.080><c> sometimes</c><00:19:51.080><c> um</c>

00:19:51.430 --> 00:19:51.440 align:start position:0%
they were grumpy and brief sometimes um
 

00:19:51.440 --> 00:19:53.149 align:start position:0%
they were grumpy and brief sometimes um
but<00:19:51.760><c> it</c><00:19:51.880><c> was</c><00:19:52.039><c> great</c><00:19:52.240><c> support</c><00:19:52.559><c> that</c><00:19:52.760><c> came</c><00:19:52.960><c> from</c>

00:19:53.149 --> 00:19:53.159 align:start position:0%
but it was great support that came from
 

00:19:53.159 --> 00:19:56.669 align:start position:0%
but it was great support that came from
here<00:19:53.360><c> and</c><00:19:53.679><c> big</c><00:19:53.880><c> thanks</c><00:19:54.080><c> for</c><00:19:54.640><c> that</c><00:19:55.640><c> so</c><00:19:56.480><c> thank</c>

00:19:56.669 --> 00:19:56.679 align:start position:0%
here and big thanks for that so thank
 

00:19:56.679 --> 00:20:00.160 align:start position:0%
here and big thanks for that so thank
you

00:20:00.160 --> 00:20:00.170 align:start position:0%
 
 

00:20:00.170 --> 00:20:04.340 align:start position:0%
 
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00:20:04.340 --> 00:20:04.350 align:start position:0%
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00:20:04.350 --> 00:20:08.680 align:start position:0%
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