WEBVTT
Kind: captions
Language: en

00:00:05.070 --> 00:00:14.910 align:start position:0%
 
[Music]

00:00:14.910 --> 00:00:14.920 align:start position:0%
 
 

00:00:14.920 --> 00:00:19.189 align:start position:0%
 
[Music]

00:00:19.189 --> 00:00:19.199 align:start position:0%
 
 

00:00:19.199 --> 00:00:21.230 align:start position:0%
 
hi<00:00:19.640><c> everyone</c>

00:00:21.230 --> 00:00:21.240 align:start position:0%
hi everyone
 

00:00:21.240 --> 00:00:24.029 align:start position:0%
hi everyone
um<00:00:22.240><c> I'm</c><00:00:22.519><c> here</c><00:00:22.720><c> today</c><00:00:23.160><c> to</c><00:00:23.400><c> talk</c><00:00:23.599><c> to</c><00:00:23.680><c> you</c><00:00:23.800><c> about</c>

00:00:24.029 --> 00:00:24.039 align:start position:0%
um I'm here today to talk to you about
 

00:00:24.039 --> 00:00:25.189 align:start position:0%
um I'm here today to talk to you about
decentralized

00:00:25.189 --> 00:00:25.199 align:start position:0%
decentralized
 

00:00:25.199 --> 00:00:29.390 align:start position:0%
decentralized
insurance<00:00:26.199><c> and</c><00:00:26.960><c> where</c><00:00:27.199><c> we</c><00:00:27.320><c> are</c><00:00:27.560><c> with</c><00:00:27.800><c> that</c><00:00:28.800><c> and</c>

00:00:29.390 --> 00:00:29.400 align:start position:0%
insurance and where we are with that and
 

00:00:29.400 --> 00:00:31.990 align:start position:0%
insurance and where we are with that and
what<00:00:29.679><c> how</c><00:00:30.119><c> how</c><00:00:30.400><c> the</c><00:00:30.560><c> next</c><00:00:30.759><c> steps</c><00:00:31.080><c> could</c><00:00:31.279><c> look</c>

00:00:31.990 --> 00:00:32.000 align:start position:0%
what how how the next steps could look
 

00:00:32.000 --> 00:00:36.389 align:start position:0%
what how how the next steps could look
like<00:00:33.000><c> quick</c><00:00:33.840><c> one</c><00:00:34.200><c> about</c><00:00:34.879><c> who</c><00:00:35.120><c> I</c><00:00:35.239><c> am</c><00:00:35.760><c> and</c><00:00:36.239><c> who</c>

00:00:36.389 --> 00:00:36.399 align:start position:0%
like quick one about who I am and who
 

00:00:36.399 --> 00:00:39.110 align:start position:0%
like quick one about who I am and who
I'm<00:00:36.600><c> working</c><00:00:36.960><c> with</c><00:00:37.360><c> so</c><00:00:37.760><c> I'm</c><00:00:37.960><c> alas</c><00:00:38.520><c> I'm</c>

00:00:39.110 --> 00:00:39.120 align:start position:0%
I'm working with so I'm alas I'm
 

00:00:39.120 --> 00:00:42.709 align:start position:0%
I'm working with so I'm alas I'm
co-founder<00:00:39.640><c> of</c><00:00:39.800><c> B9</c><00:00:40.239><c> lab</c><00:00:41.079><c> we</c><00:00:41.200><c> do</c><00:00:41.800><c> development</c>

00:00:42.709 --> 00:00:42.719 align:start position:0%
co-founder of B9 lab we do development
 

00:00:42.719 --> 00:00:44.790 align:start position:0%
co-founder of B9 lab we do development
training<00:00:43.239><c> and</c><00:00:43.440><c> research</c><00:00:44.440><c> around</c>

00:00:44.790 --> 00:00:44.800 align:start position:0%
training and research around
 

00:00:44.800 --> 00:00:47.150 align:start position:0%
training and research around
decentralized<00:00:45.480><c> applications</c><00:00:46.399><c> and</c>

00:00:47.150 --> 00:00:47.160 align:start position:0%
decentralized applications and
 

00:00:47.160 --> 00:00:50.430 align:start position:0%
decentralized applications and
blockchain<00:00:48.160><c> mostly</c><00:00:48.719><c> ethereum</c><00:00:49.239><c> at</c><00:00:49.360><c> the</c><00:00:49.520><c> moment</c>

00:00:50.430 --> 00:00:50.440 align:start position:0%
blockchain mostly ethereum at the moment
 

00:00:50.440 --> 00:00:53.389 align:start position:0%
blockchain mostly ethereum at the moment
because<00:00:50.760><c> it</c><00:00:51.160><c> works</c><00:00:51.520><c> the</c><00:00:51.760><c> best</c><00:00:52.760><c> uh</c><00:00:52.920><c> but</c><00:00:53.120><c> yeah</c>

00:00:53.389 --> 00:00:53.399 align:start position:0%
because it works the best uh but yeah
 

00:00:53.399 --> 00:00:57.069 align:start position:0%
because it works the best uh but yeah
other<00:00:53.640><c> things</c><00:00:53.840><c> as</c>

00:00:57.069 --> 00:00:57.079 align:start position:0%
 
 

00:00:57.079 --> 00:00:59.590 align:start position:0%
 
well<00:00:58.079><c> I</c><00:00:58.160><c> want</c><00:00:58.320><c> to</c><00:00:58.519><c> talk</c><00:00:59.039><c> uh</c><00:00:59.120><c> to</c><00:00:59.239><c> you</c><00:00:59.399><c> about</c>

00:00:59.590 --> 00:00:59.600 align:start position:0%
well I want to talk uh to you about
 

00:00:59.600 --> 00:01:02.189 align:start position:0%
well I want to talk uh to you about
insurance<00:00:59.960><c> insurance</c><00:01:00.960><c> and</c><00:01:01.160><c> insurance</c><00:01:01.840><c> is</c>

00:01:02.189 --> 00:01:02.199 align:start position:0%
insurance insurance and insurance is
 

00:01:02.199 --> 00:01:04.549 align:start position:0%
insurance insurance and insurance is
often<00:01:02.600><c> has</c><00:01:02.920><c> this</c><00:01:03.559><c> connotation</c><00:01:04.080><c> of</c><00:01:04.280><c> being</c>

00:01:04.549 --> 00:01:04.559 align:start position:0%
often has this connotation of being
 

00:01:04.559 --> 00:01:07.070 align:start position:0%
often has this connotation of being
relatively<00:01:05.159><c> dull</c><00:01:05.600><c> and</c><00:01:05.760><c> being</c><00:01:06.000><c> old</c><00:01:06.320><c> and</c><00:01:06.479><c> being</c>

00:01:07.070 --> 00:01:07.080 align:start position:0%
relatively dull and being old and being
 

00:01:07.080 --> 00:01:10.990 align:start position:0%
relatively dull and being old and being
boring<00:01:08.080><c> but</c><00:01:08.880><c> actually</c><00:01:09.880><c> it</c><00:01:10.000><c> is</c><00:01:10.119><c> a</c><00:01:10.280><c> slow</c><00:01:10.640><c> moving</c>

00:01:10.990 --> 00:01:11.000 align:start position:0%
boring but actually it is a slow moving
 

00:01:11.000 --> 00:01:12.830 align:start position:0%
boring but actually it is a slow moving
sector<00:01:11.360><c> but</c><00:01:11.479><c> it's</c><00:01:11.759><c> actually</c><00:01:12.200><c> could</c><00:01:12.400><c> be</c><00:01:12.600><c> quite</c>

00:01:12.830 --> 00:01:12.840 align:start position:0%
sector but it's actually could be quite
 

00:01:12.840 --> 00:01:14.789 align:start position:0%
sector but it's actually could be quite
exciting<00:01:13.560><c> in</c><00:01:13.680><c> the</c><00:01:13.799><c> future</c><00:01:14.119><c> and</c><00:01:14.240><c> it</c><00:01:14.360><c> is</c><00:01:14.560><c> quite</c>

00:01:14.789 --> 00:01:14.799 align:start position:0%
exciting in the future and it is quite
 

00:01:14.799 --> 00:01:16.910 align:start position:0%
exciting in the future and it is quite
exciting<00:01:15.200><c> in</c><00:01:15.360><c> the</c><00:01:15.680><c> sense</c><00:01:16.000><c> that</c><00:01:16.119><c> it</c><00:01:16.240><c> underlies</c>

00:01:16.910 --> 00:01:16.920 align:start position:0%
exciting in the sense that it underlies
 

00:01:16.920 --> 00:01:19.749 align:start position:0%
exciting in the sense that it underlies
almost<00:01:17.880><c> everything</c><00:01:18.880><c> uh</c><00:01:19.000><c> almost</c><00:01:19.400><c> everything</c>

00:01:19.749 --> 00:01:19.759 align:start position:0%
almost everything uh almost everything
 

00:01:19.759 --> 00:01:21.749 align:start position:0%
almost everything uh almost everything
we<00:01:19.920><c> interact</c><00:01:20.400><c> with</c><00:01:20.600><c> on</c><00:01:20.720><c> a</c><00:01:20.880><c> daily</c><00:01:21.200><c> basis</c><00:01:21.600><c> at</c>

00:01:21.749 --> 00:01:21.759 align:start position:0%
we interact with on a daily basis at
 

00:01:21.759 --> 00:01:24.149 align:start position:0%
we interact with on a daily basis at
least<00:01:22.400><c> around</c><00:01:22.759><c> these</c><00:01:22.920><c> parts</c><00:01:23.200><c> is</c><00:01:23.479><c> insured</c><00:01:23.960><c> or</c>

00:01:24.149 --> 00:01:24.159 align:start position:0%
least around these parts is insured or
 

00:01:24.159 --> 00:01:26.230 align:start position:0%
least around these parts is insured or
is<00:01:25.000><c> is</c><00:01:25.159><c> interacting</c><00:01:25.640><c> with</c><00:01:25.799><c> some</c><00:01:26.000><c> kind</c><00:01:26.119><c> of</c>

00:01:26.230 --> 00:01:26.240 align:start position:0%
is is interacting with some kind of
 

00:01:26.240 --> 00:01:29.190 align:start position:0%
is is interacting with some kind of
insurance<00:01:26.720><c> schemes</c><00:01:27.720><c> it</c><00:01:27.960><c> ties</c><00:01:28.240><c> into</c><00:01:28.640><c> different</c>

00:01:29.190 --> 00:01:29.200 align:start position:0%
insurance schemes it ties into different
 

00:01:29.200 --> 00:01:32.870 align:start position:0%
insurance schemes it ties into different
marketplaces<00:01:30.000><c> is</c><00:01:30.280><c> so</c><00:01:30.439><c> it</c><00:01:30.600><c> really</c><00:01:30.880><c> is</c><00:01:31.200><c> quite</c><00:01:32.079><c> uh</c>

00:01:32.870 --> 00:01:32.880 align:start position:0%
marketplaces is so it really is quite uh
 

00:01:32.880 --> 00:01:34.149 align:start position:0%
marketplaces is so it really is quite uh
quite

00:01:34.149 --> 00:01:34.159 align:start position:0%
quite
 

00:01:34.159 --> 00:01:35.950 align:start position:0%
quite
fundamental

00:01:35.950 --> 00:01:35.960 align:start position:0%
fundamental
 

00:01:35.960 --> 00:01:39.069 align:start position:0%
fundamental
and<00:01:36.960><c> the</c><00:01:37.479><c> the</c><00:01:37.680><c> options</c><00:01:38.479><c> or</c><00:01:38.680><c> you</c><00:01:38.799><c> know</c><00:01:38.960><c> the</c>

00:01:39.069 --> 00:01:39.079 align:start position:0%
and the the options or you know the
 

00:01:39.079 --> 00:01:40.550 align:start position:0%
and the the options or you know the
opportunities<00:01:39.720><c> with</c>

00:01:40.550 --> 00:01:40.560 align:start position:0%
opportunities with
 

00:01:40.560 --> 00:01:43.749 align:start position:0%
opportunities with
decentralized<00:01:41.560><c> decentralized</c>

00:01:43.749 --> 00:01:43.759 align:start position:0%
decentralized decentralized
 

00:01:43.759 --> 00:01:46.230 align:start position:0%
decentralized decentralized
systems<00:01:44.759><c> could</c><00:01:44.920><c> be</c><00:01:45.159><c> quite</c><00:01:45.600><c> you</c><00:01:45.680><c> know</c><00:01:45.880><c> could</c><00:01:46.079><c> be</c>

00:01:46.230 --> 00:01:46.240 align:start position:0%
systems could be quite you know could be
 

00:01:46.240 --> 00:01:48.830 align:start position:0%
systems could be quite you know could be
quite<00:01:46.520><c> disruptive</c><00:01:47.200><c> for</c><00:01:47.439><c> the</c><00:01:47.600><c> sector</c><00:01:48.439><c> now</c><00:01:48.680><c> the</c>

00:01:48.830 --> 00:01:48.840 align:start position:0%
quite disruptive for the sector now the
 

00:01:48.840 --> 00:01:49.870 align:start position:0%
quite disruptive for the sector now the
insurance

00:01:49.870 --> 00:01:49.880 align:start position:0%
insurance
 

00:01:49.880 --> 00:01:52.630 align:start position:0%
insurance
industry<00:01:50.880><c> has</c><00:01:51.040><c> not</c><00:01:51.200><c> been</c><00:01:51.439><c> disrupted</c><00:01:52.320><c> in</c><00:01:52.439><c> a</c>

00:01:52.630 --> 00:01:52.640 align:start position:0%
industry has not been disrupted in a
 

00:01:52.640 --> 00:01:55.190 align:start position:0%
industry has not been disrupted in a
long<00:01:53.119><c> time</c><00:01:54.119><c> hasn't</c><00:01:54.360><c> really</c><00:01:54.560><c> changed</c><00:01:54.960><c> in</c><00:01:55.040><c> a</c>

00:01:55.190 --> 00:01:55.200 align:start position:0%
long time hasn't really changed in a
 

00:01:55.200 --> 00:01:57.389 align:start position:0%
long time hasn't really changed in a
long<00:01:55.439><c> time</c><00:01:55.960><c> a</c><00:01:56.079><c> few</c><00:01:56.320><c> things</c><00:01:56.560><c> have</c><00:01:56.759><c> changed</c><00:01:57.119><c> over</c>

00:01:57.389 --> 00:01:57.399 align:start position:0%
long time a few things have changed over
 

00:01:57.399 --> 00:01:59.870 align:start position:0%
long time a few things have changed over
time<00:01:57.600><c> but</c><00:01:57.719><c> it</c><00:01:57.960><c> still</c><00:01:58.759><c> looks</c><00:01:59.119><c> very</c><00:01:59.360><c> similar</c><00:01:59.719><c> to</c>

00:01:59.870 --> 00:01:59.880 align:start position:0%
time but it still looks very similar to
 

00:01:59.880 --> 00:02:03.310 align:start position:0%
time but it still looks very similar to
to<00:02:00.039><c> the</c><00:02:00.119><c> way</c><00:02:00.240><c> it</c><00:02:00.399><c> looked</c><00:02:01.280><c> 200</c><00:02:01.560><c> years</c><00:02:02.079><c> ago</c><00:02:03.079><c> new</c>

00:02:03.310 --> 00:02:03.320 align:start position:0%
to the way it looked 200 years ago new
 

00:02:03.320 --> 00:02:05.230 align:start position:0%
to the way it looked 200 years ago new
technologies<00:02:03.880><c> have</c><00:02:04.200><c> obviously</c><00:02:04.640><c> changed</c>

00:02:05.230 --> 00:02:05.240 align:start position:0%
technologies have obviously changed
 

00:02:05.240 --> 00:02:07.990 align:start position:0%
technologies have obviously changed
things<00:02:06.079><c> um</c><00:02:06.759><c> but</c><00:02:06.920><c> the</c><00:02:07.079><c> basic</c><00:02:07.360><c> model</c><00:02:07.600><c> is</c><00:02:07.719><c> still</c>

00:02:07.990 --> 00:02:08.000 align:start position:0%
things um but the basic model is still
 

00:02:08.000 --> 00:02:09.190 align:start position:0%
things um but the basic model is still
the

00:02:09.190 --> 00:02:09.200 align:start position:0%
the
 

00:02:09.200 --> 00:02:11.670 align:start position:0%
the
same<00:02:10.200><c> now</c>

00:02:11.670 --> 00:02:11.680 align:start position:0%
same now
 

00:02:11.680 --> 00:02:14.270 align:start position:0%
same now
the<00:02:12.680><c> blockchain</c><00:02:13.280><c> and</c><00:02:13.480><c> and</c><00:02:13.599><c> decentralized</c>

00:02:14.270 --> 00:02:14.280 align:start position:0%
the blockchain and and decentralized
 

00:02:14.280 --> 00:02:17.110 align:start position:0%
the blockchain and and decentralized
Technologies<00:02:15.239><c> could</c><00:02:16.239><c> present</c><00:02:16.640><c> an</c>

00:02:17.110 --> 00:02:17.120 align:start position:0%
Technologies could present an
 

00:02:17.120 --> 00:02:18.630 align:start position:0%
Technologies could present an
opportunity<00:02:17.680><c> here</c><00:02:17.840><c> to</c><00:02:18.000><c> make</c><00:02:18.160><c> it</c><00:02:18.360><c> more</c>

00:02:18.630 --> 00:02:18.640 align:start position:0%
opportunity here to make it more
 

00:02:18.640 --> 00:02:20.509 align:start position:0%
opportunity here to make it more
accessible<00:02:19.480><c> also</c><00:02:19.720><c> to</c><00:02:19.959><c> those</c><00:02:20.160><c> who</c><00:02:20.319><c> are</c>

00:02:20.509 --> 00:02:20.519 align:start position:0%
accessible also to those who are
 

00:02:20.519 --> 00:02:23.070 align:start position:0%
accessible also to those who are
underinsured<00:02:21.319><c> or</c><00:02:21.680><c> don't</c><00:02:21.920><c> have</c><00:02:22.160><c> access</c><00:02:22.400><c> to</c><00:02:22.959><c> the</c>

00:02:23.070 --> 00:02:23.080 align:start position:0%
underinsured or don't have access to the
 

00:02:23.080 --> 00:02:25.350 align:start position:0%
underinsured or don't have access to the
insurance<00:02:23.480><c> schemes</c><00:02:23.879><c> they</c><00:02:24.000><c> need</c><00:02:24.840><c> uh</c><00:02:24.959><c> it</c><00:02:25.120><c> could</c>

00:02:25.350 --> 00:02:25.360 align:start position:0%
insurance schemes they need uh it could
 

00:02:25.360 --> 00:02:27.509 align:start position:0%
insurance schemes they need uh it could
make<00:02:25.760><c> Insurance</c><00:02:26.160><c> more</c><00:02:26.360><c> local</c><00:02:26.680><c> and</c><00:02:26.879><c> revive</c><00:02:27.280><c> old</c>

00:02:27.509 --> 00:02:27.519 align:start position:0%
make Insurance more local and revive old
 

00:02:27.519 --> 00:02:30.270 align:start position:0%
make Insurance more local and revive old
models<00:02:28.080><c> like</c><00:02:28.640><c> mutuals</c><00:02:29.239><c> and</c><00:02:29.360><c> I'll</c><00:02:29.640><c> get</c><00:02:30.000><c> back</c><00:02:30.120><c> to</c>

00:02:30.270 --> 00:02:30.280 align:start position:0%
models like mutuals and I'll get back to
 

00:02:30.280 --> 00:02:33.070 align:start position:0%
models like mutuals and I'll get back to
that<00:02:31.120><c> and</c><00:02:31.319><c> it</c><00:02:31.480><c> could</c><00:02:31.640><c> make</c><00:02:31.840><c> Insurance</c><00:02:32.319><c> more</c><00:02:32.640><c> V</c>

00:02:33.070 --> 00:02:33.080 align:start position:0%
that and it could make Insurance more V
 

00:02:33.080 --> 00:02:37.990 align:start position:0%
that and it could make Insurance more V
varied<00:02:33.480><c> and</c><00:02:33.640><c> more</c>

00:02:37.990 --> 00:02:38.000 align:start position:0%
 
 

00:02:38.000 --> 00:02:40.470 align:start position:0%
 
custom<00:02:39.000><c> the</c><00:02:39.200><c> interesting</c><00:02:39.680><c> thing</c><00:02:39.920><c> here</c><00:02:40.120><c> is</c>

00:02:40.470 --> 00:02:40.480 align:start position:0%
custom the interesting thing here is
 

00:02:40.480 --> 00:02:44.229 align:start position:0%
custom the interesting thing here is
we've<00:02:41.080><c> got</c><00:02:42.080><c> a</c><00:02:42.519><c> we've</c><00:02:42.800><c> got</c><00:02:43.159><c> an</c><00:02:43.319><c> intermediary</c><00:02:44.000><c> or</c>

00:02:44.229 --> 00:02:44.239 align:start position:0%
we've got a we've got an intermediary or
 

00:02:44.239 --> 00:02:46.350 align:start position:0%
we've got a we've got an intermediary or
you<00:02:44.360><c> know</c><00:02:45.040><c> large</c>

00:02:46.350 --> 00:02:46.360 align:start position:0%
you know large
 

00:02:46.360 --> 00:02:48.350 align:start position:0%
you know large
intermediaries<00:02:47.360><c> and</c><00:02:47.599><c> obviously</c><00:02:48.200><c> the</c>

00:02:48.350 --> 00:02:48.360 align:start position:0%
intermediaries and obviously the
 

00:02:48.360 --> 00:02:50.949 align:start position:0%
intermediaries and obviously the
technology<00:02:48.920><c> is</c><00:02:49.120><c> a</c><00:02:49.680><c> an</c><00:02:49.959><c> essentially</c>

00:02:50.949 --> 00:02:50.959 align:start position:0%
technology is a an essentially
 

00:02:50.959 --> 00:02:52.750 align:start position:0%
technology is a an essentially
disintermediating

00:02:52.750 --> 00:02:52.760 align:start position:0%
disintermediating
 

00:02:52.760 --> 00:02:55.589 align:start position:0%
disintermediating
Force<00:02:53.760><c> um</c><00:02:54.080><c> and</c><00:02:54.440><c> there</c><00:02:54.519><c> are</c><00:02:54.800><c> three</c><00:02:55.200><c> core</c>

00:02:55.589 --> 00:02:55.599 align:start position:0%
Force um and there are three core
 

00:02:55.599 --> 00:02:57.869 align:start position:0%
Force um and there are three core
elements<00:02:56.040><c> here</c><00:02:56.239><c> that</c><00:02:56.400><c> make</c><00:02:56.599><c> it</c>

00:02:57.869 --> 00:02:57.879 align:start position:0%
elements here that make it
 

00:02:57.879 --> 00:03:00.149 align:start position:0%
elements here that make it
interesting<00:02:58.879><c> and</c><00:02:59.040><c> that</c><00:02:59.159><c> creates</c><00:02:59.440><c> a</c><00:02:59.519><c> situation</c>

00:03:00.149 --> 00:03:00.159 align:start position:0%
interesting and that creates a situation
 

00:03:00.159 --> 00:03:02.670 align:start position:0%
interesting and that creates a situation
where<00:03:00.720><c> we</c><00:03:01.159><c> could</c><00:03:01.440><c> potentially</c><00:03:01.920><c> build</c><00:03:02.319><c> very</c>

00:03:02.670 --> 00:03:02.680 align:start position:0%
where we could potentially build very
 

00:03:02.680 --> 00:03:04.550 align:start position:0%
where we could potentially build very
interesting<00:03:03.680><c> uh</c><00:03:03.799><c> interesting</c><00:03:04.159><c> things</c><00:03:04.360><c> with</c>

00:03:04.550 --> 00:03:04.560 align:start position:0%
interesting uh interesting things with
 

00:03:04.560 --> 00:03:07.030 align:start position:0%
interesting uh interesting things with
this<00:03:04.760><c> so</c><00:03:05.200><c> we've</c><00:03:05.360><c> got</c><00:03:05.519><c> low</c><00:03:05.760><c> transaction</c><00:03:06.360><c> cost</c>

00:03:07.030 --> 00:03:07.040 align:start position:0%
this so we've got low transaction cost
 

00:03:07.040 --> 00:03:10.869 align:start position:0%
this so we've got low transaction cost
when<00:03:07.200><c> we</c><00:03:07.440><c> operating</c><00:03:08.080><c> on</c><00:03:08.239><c> a</c><00:03:09.040><c> public</c><00:03:09.480><c> or</c><00:03:10.440><c> uh</c>

00:03:10.869 --> 00:03:10.879 align:start position:0%
when we operating on a public or uh
 

00:03:10.879 --> 00:03:13.550 align:start position:0%
when we operating on a public or uh
Consortium<00:03:11.920><c> blockchain</c><00:03:12.920><c> we've</c><00:03:13.120><c> got</c><00:03:13.280><c> low</c>

00:03:13.550 --> 00:03:13.560 align:start position:0%
Consortium blockchain we've got low
 

00:03:13.560 --> 00:03:15.430 align:start position:0%
Consortium blockchain we've got low
transaction<00:03:14.159><c> risk</c><00:03:14.560><c> so</c><00:03:14.760><c> the</c><00:03:14.879><c> risk</c><00:03:15.159><c> that</c><00:03:15.280><c> my</c>

00:03:15.430 --> 00:03:15.440 align:start position:0%
transaction risk so the risk that my
 

00:03:15.440 --> 00:03:17.630 align:start position:0%
transaction risk so the risk that my
transaction<00:03:15.920><c> is</c><00:03:16.080><c> being</c><00:03:16.280><c> reversed</c><00:03:16.720><c> or</c><00:03:16.920><c> being</c>

00:03:17.630 --> 00:03:17.640 align:start position:0%
transaction is being reversed or being
 

00:03:17.640 --> 00:03:20.509 align:start position:0%
transaction is being reversed or being
interfered<00:03:18.319><c> with</c><00:03:18.640><c> by</c><00:03:18.920><c> any</c><00:03:19.120><c> other</c><00:03:19.400><c> party</c><00:03:19.879><c> is</c>

00:03:20.509 --> 00:03:20.519 align:start position:0%
interfered with by any other party is
 

00:03:20.519 --> 00:03:23.229 align:start position:0%
interfered with by any other party is
very<00:03:20.920><c> low</c><00:03:21.920><c> and</c><00:03:22.239><c> we've</c><00:03:22.440><c> got</c><00:03:22.680><c> trustless</c>

00:03:23.229 --> 00:03:23.239 align:start position:0%
very low and we've got trustless
 

00:03:23.239 --> 00:03:25.509 align:start position:0%
very low and we've got trustless
computations<00:03:23.840><c> so</c><00:03:24.000><c> we</c><00:03:24.120><c> can</c><00:03:24.519><c> Implement</c>

00:03:25.509 --> 00:03:25.519 align:start position:0%
computations so we can Implement
 

00:03:25.519 --> 00:03:29.229 align:start position:0%
computations so we can Implement
relatively<00:03:26.200><c> complex</c><00:03:26.799><c> Financial</c><00:03:27.959><c> models</c><00:03:28.959><c> um</c>

00:03:29.229 --> 00:03:29.239 align:start position:0%
relatively complex Financial models um
 

00:03:29.239 --> 00:03:32.030 align:start position:0%
relatively complex Financial models um
at<00:03:29.519><c> you</c><00:03:29.640><c> know</c><00:03:29.920><c> in</c><00:03:30.159><c> formal</c><00:03:30.599><c> smart</c><00:03:30.920><c> contracts</c><00:03:31.879><c> on</c>

00:03:32.030 --> 00:03:32.040 align:start position:0%
at you know in formal smart contracts on
 

00:03:32.040 --> 00:03:34.630 align:start position:0%
at you know in formal smart contracts on
a<00:03:32.239><c> blockchain</c>

00:03:34.630 --> 00:03:34.640 align:start position:0%
a blockchain
 

00:03:34.640 --> 00:03:38.670 align:start position:0%
a blockchain
system<00:03:36.080><c> and</c><00:03:37.080><c> this</c><00:03:37.239><c> is</c><00:03:37.400><c> interesting</c><00:03:38.080><c> in</c><00:03:38.200><c> a</c><00:03:38.360><c> few</c>

00:03:38.670 --> 00:03:38.680 align:start position:0%
system and this is interesting in a few
 

00:03:38.680 --> 00:03:40.750 align:start position:0%
system and this is interesting in a few
spaces<00:03:39.040><c> and</c><00:03:39.200><c> I</c><00:03:39.280><c> want</c><00:03:39.400><c> to</c><00:03:39.720><c> define</c><00:03:40.200><c> the</c><00:03:40.400><c> problem</c>

00:03:40.750 --> 00:03:40.760 align:start position:0%
spaces and I want to define the problem
 

00:03:40.760 --> 00:03:42.229 align:start position:0%
spaces and I want to define the problem
space<00:03:41.080><c> a</c><00:03:41.200><c> little</c>

00:03:42.229 --> 00:03:42.239 align:start position:0%
space a little
 

00:03:42.239 --> 00:03:45.750 align:start position:0%
space a little
bit<00:03:43.239><c> and</c><00:03:43.640><c> where</c><00:03:43.879><c> this</c><00:03:44.040><c> could</c><00:03:44.239><c> be</c><00:03:44.879><c> applied</c><00:03:45.519><c> so</c>

00:03:45.750 --> 00:03:45.760 align:start position:0%
bit and where this could be applied so
 

00:03:45.760 --> 00:03:47.949 align:start position:0%
bit and where this could be applied so
we've<00:03:45.959><c> got</c><00:03:46.159><c> claim</c><00:03:46.560><c> processing</c><00:03:47.519><c> which</c><00:03:47.640><c> is</c><00:03:47.840><c> you</c>

00:03:47.949 --> 00:03:47.959 align:start position:0%
we've got claim processing which is you
 

00:03:47.959 --> 00:03:51.990 align:start position:0%
we've got claim processing which is you
know<00:03:48.439><c> we</c><00:03:48.760><c> I</c><00:03:49.080><c> buy</c><00:03:49.319><c> a</c><00:03:49.519><c> policy</c><00:03:50.239><c> and</c><00:03:50.720><c> the</c><00:03:51.000><c> policy</c>

00:03:51.990 --> 00:03:52.000 align:start position:0%
know we I buy a policy and the policy
 

00:03:52.000 --> 00:03:55.190 align:start position:0%
know we I buy a policy and the policy
sets<00:03:52.360><c> out</c><00:03:52.879><c> certain</c><00:03:53.879><c> rules</c><00:03:54.280><c> under</c><00:03:54.560><c> which</c><00:03:54.879><c> I</c><00:03:55.000><c> get</c>

00:03:55.190 --> 00:03:55.200 align:start position:0%
sets out certain rules under which I get
 

00:03:55.200 --> 00:03:57.390 align:start position:0%
sets out certain rules under which I get
my<00:03:55.720><c> coverage</c>

00:03:57.390 --> 00:03:57.400 align:start position:0%
my coverage
 

00:03:57.400 --> 00:03:59.869 align:start position:0%
my coverage
um<00:03:58.400><c> and</c><00:03:58.599><c> claim</c><00:03:58.920><c> processing</c><00:03:59.319><c> is</c><00:03:59.400><c> one</c><00:03:59.519><c> of</c><00:03:59.599><c> the</c>

00:03:59.869 --> 00:03:59.879 align:start position:0%
um and claim processing is one of the
 

00:03:59.879 --> 00:04:03.990 align:start position:0%
um and claim processing is one of the
hardest<00:04:00.480><c> things</c><00:04:00.720><c> to</c><00:04:00.920><c> crack</c><00:04:01.200><c> in</c><00:04:01.439><c> this</c><00:04:02.120><c> uh</c>

00:04:03.990 --> 00:04:04.000 align:start position:0%
hardest things to crack in this uh
 

00:04:04.000 --> 00:04:07.190 align:start position:0%
hardest things to crack in this uh
in<00:04:05.000><c> you</c><00:04:05.120><c> know</c><00:04:05.519><c> under</c><00:04:05.799><c> this</c><00:04:06.000><c> model</c>

00:04:07.190 --> 00:04:07.200 align:start position:0%
in you know under this model
 

00:04:07.200 --> 00:04:09.750 align:start position:0%
in you know under this model
so<00:04:08.200><c> in</c><00:04:08.360><c> in</c><00:04:08.480><c> many</c><00:04:08.680><c> cases</c><00:04:08.920><c> I</c><00:04:09.040><c> have</c><00:04:09.120><c> to</c><00:04:09.239><c> send</c><00:04:09.439><c> paper</c>

00:04:09.750 --> 00:04:09.760 align:start position:0%
so in in many cases I have to send paper
 

00:04:09.760 --> 00:04:11.830 align:start position:0%
so in in many cases I have to send paper
documents<00:04:10.239><c> or</c><00:04:10.360><c> I</c><00:04:10.480><c> have</c><00:04:10.599><c> to</c><00:04:10.840><c> you</c><00:04:10.959><c> know</c><00:04:11.680><c> go</c>

00:04:11.830 --> 00:04:11.840 align:start position:0%
documents or I have to you know go
 

00:04:11.840 --> 00:04:14.190 align:start position:0%
documents or I have to you know go
somewhere<00:04:12.439><c> I</c><00:04:12.560><c> have</c><00:04:12.680><c> to</c><00:04:12.840><c> send</c><00:04:13.640><c> data</c><00:04:13.920><c> that</c><00:04:14.040><c> is</c>

00:04:14.190 --> 00:04:14.200 align:start position:0%
somewhere I have to send data that is
 

00:04:14.200 --> 00:04:15.030 align:start position:0%
somewhere I have to send data that is
not

00:04:15.030 --> 00:04:15.040 align:start position:0%
not
 

00:04:15.040 --> 00:04:17.629 align:start position:0%
not
easily<00:04:16.040><c> uh</c><00:04:16.639><c> not</c><00:04:16.840><c> necessarily</c><00:04:17.280><c> there</c><00:04:17.440><c> in</c>

00:04:17.629 --> 00:04:17.639 align:start position:0%
easily uh not necessarily there in
 

00:04:17.639 --> 00:04:21.830 align:start position:0%
easily uh not necessarily there in
digital<00:04:18.040><c> formats</c><00:04:18.880><c> or</c><00:04:19.479><c> it</c><00:04:19.639><c> is</c><00:04:20.079><c> down</c><00:04:20.600><c> to</c><00:04:21.600><c> um</c>

00:04:21.830 --> 00:04:21.840 align:start position:0%
digital formats or it is down to um
 

00:04:21.840 --> 00:04:24.310 align:start position:0%
digital formats or it is down to um
interpretation<00:04:22.840><c> so</c><00:04:23.080><c> so</c><00:04:23.360><c> a</c><00:04:23.479><c> claim</c><00:04:23.840><c> processor</c>

00:04:24.310 --> 00:04:24.320 align:start position:0%
interpretation so so a claim processor
 

00:04:24.320 --> 00:04:26.270 align:start position:0%
interpretation so so a claim processor
has<00:04:24.440><c> to</c><00:04:24.600><c> sit</c><00:04:24.800><c> down</c><00:04:25.000><c> and</c><00:04:25.199><c> has</c><00:04:25.320><c> to</c><00:04:25.680><c> apply</c><00:04:26.000><c> certain</c>

00:04:26.270 --> 00:04:26.280 align:start position:0%
has to sit down and has to apply certain
 

00:04:26.280 --> 00:04:27.990 align:start position:0%
has to sit down and has to apply certain
rules<00:04:26.600><c> and</c><00:04:26.759><c> has</c><00:04:26.880><c> to</c>

00:04:27.990 --> 00:04:28.000 align:start position:0%
rules and has to
 

00:04:28.000 --> 00:04:32.110 align:start position:0%
rules and has to
decide<00:04:29.000><c> and</c><00:04:30.000><c> so</c><00:04:30.240><c> this</c><00:04:30.400><c> is</c><00:04:30.520><c> for</c><00:04:30.840><c> for</c><00:04:31.759><c> most</c>

00:04:32.110 --> 00:04:32.120 align:start position:0%
decide and so this is for for most
 

00:04:32.120 --> 00:04:34.029 align:start position:0%
decide and so this is for for most
insurances<00:04:32.680><c> and</c><00:04:32.840><c> we've</c><00:04:33.160><c> also</c><00:04:33.440><c> got</c><00:04:33.680><c> index</c>

00:04:34.029 --> 00:04:34.039 align:start position:0%
insurances and we've also got index
 

00:04:34.039 --> 00:04:35.629 align:start position:0%
insurances and we've also got index
based<00:04:34.360><c> insurances</c><00:04:35.000><c> things</c><00:04:35.199><c> like</c><00:04:35.360><c> crop</c>

00:04:35.629 --> 00:04:35.639 align:start position:0%
based insurances things like crop
 

00:04:35.639 --> 00:04:37.430 align:start position:0%
based insurances things like crop
insurance<00:04:36.039><c> for</c><00:04:36.240><c> example</c><00:04:36.600><c> based</c><00:04:36.840><c> on</c><00:04:37.039><c> weather</c>

00:04:37.430 --> 00:04:37.440 align:start position:0%
insurance for example based on weather
 

00:04:37.440 --> 00:04:38.430 align:start position:0%
insurance for example based on weather
in

00:04:38.430 --> 00:04:38.440 align:start position:0%
in
 

00:04:38.440 --> 00:04:42.909 align:start position:0%
in
indices<00:04:39.840><c> and</c><00:04:40.840><c> they</c><00:04:41.280><c> rely</c><00:04:41.600><c> on</c><00:04:41.800><c> data</c><00:04:42.199><c> so</c><00:04:42.560><c> we</c><00:04:42.759><c> have</c>

00:04:42.909 --> 00:04:42.919 align:start position:0%
indices and they rely on data so we have
 

00:04:42.919 --> 00:04:45.469 align:start position:0%
indices and they rely on data so we have
the<00:04:43.160><c> problem</c><00:04:43.440><c> of</c><00:04:44.120><c> being</c><00:04:44.360><c> able</c><00:04:44.600><c> to</c><00:04:44.840><c> or</c><00:04:45.199><c> needing</c>

00:04:45.469 --> 00:04:45.479 align:start position:0%
the problem of being able to or needing
 

00:04:45.479 --> 00:04:46.990 align:start position:0%
the problem of being able to or needing
to<00:04:45.680><c> be</c><00:04:45.759><c> able</c><00:04:45.919><c> to</c><00:04:46.039><c> bring</c><00:04:46.320><c> data</c><00:04:46.600><c> onto</c><00:04:46.880><c> the</c>

00:04:46.990 --> 00:04:47.000 align:start position:0%
to be able to bring data onto the
 

00:04:47.000 --> 00:04:50.790 align:start position:0%
to be able to bring data onto the
blockchain<00:04:47.560><c> to</c><00:04:48.280><c> make</c><00:04:48.720><c> decisions</c><00:04:49.560><c> there</c><00:04:50.560><c> so</c><00:04:50.720><c> it</c>

00:04:50.790 --> 00:04:50.800 align:start position:0%
blockchain to make decisions there so it
 

00:04:50.800 --> 00:04:53.749 align:start position:0%
blockchain to make decisions there so it
splits<00:04:51.320><c> into</c><00:04:51.639><c> two</c><00:04:52.120><c> main</c><00:04:52.800><c> kind</c><00:04:52.919><c> of</c><00:04:53.240><c> problem</c>

00:04:53.749 --> 00:04:53.759 align:start position:0%
splits into two main kind of problem
 

00:04:53.759 --> 00:04:57.550 align:start position:0%
splits into two main kind of problem
spaces<00:04:54.680><c> one</c><00:04:54.840><c> of</c><00:04:55.039><c> them</c><00:04:55.520><c> is</c><00:04:56.440><c> rule-based</c><00:04:57.160><c> claim</c>

00:04:57.550 --> 00:04:57.560 align:start position:0%
spaces one of them is rule-based claim
 

00:04:57.560 --> 00:04:59.909 align:start position:0%
spaces one of them is rule-based claim
processing<00:04:58.160><c> so</c><00:04:58.440><c> this</c><00:04:58.600><c> is</c><00:04:58.919><c> bringing</c><00:04:59.320><c> data</c><00:04:59.720><c> onto</c>

00:04:59.909 --> 00:04:59.919 align:start position:0%
processing so this is bringing data onto
 

00:04:59.919 --> 00:05:02.909 align:start position:0%
processing so this is bringing data onto
the<00:05:00.039><c> blockchain</c><00:05:00.560><c> and</c><00:05:00.880><c> then</c><00:05:01.880><c> making</c><00:05:02.320><c> decisions</c>

00:05:02.909 --> 00:05:02.919 align:start position:0%
the blockchain and then making decisions
 

00:05:02.919 --> 00:05:04.749 align:start position:0%
the blockchain and then making decisions
based<00:05:03.199><c> on</c><00:05:03.479><c> this</c>

00:05:04.749 --> 00:05:04.759 align:start position:0%
based on this
 

00:05:04.759 --> 00:05:07.270 align:start position:0%
based on this
data<00:05:05.759><c> which</c><00:05:06.000><c> also</c><00:05:06.280><c> brings</c><00:05:06.600><c> in</c><00:05:06.840><c> you</c><00:05:06.919><c> know</c><00:05:07.160><c> how</c>

00:05:07.270 --> 00:05:07.280 align:start position:0%
data which also brings in you know how
 

00:05:07.280 --> 00:05:09.629 align:start position:0%
data which also brings in you know how
do<00:05:07.400><c> you</c><00:05:07.479><c> bring</c><00:05:07.800><c> data</c><00:05:08.039><c> on</c><00:05:08.199><c> the</c><00:05:08.560><c> uh</c><00:05:09.320><c> how</c><00:05:09.440><c> do</c><00:05:09.560><c> you</c>

00:05:09.629 --> 00:05:09.639 align:start position:0%
do you bring data on the uh how do you
 

00:05:09.639 --> 00:05:11.629 align:start position:0%
do you bring data on the uh how do you
bring<00:05:09.919><c> data</c><00:05:10.240><c> in</c><00:05:10.759><c> and</c><00:05:10.880><c> how</c><00:05:11.000><c> do</c><00:05:11.120><c> you</c><00:05:11.240><c> make</c><00:05:11.400><c> sure</c>

00:05:11.629 --> 00:05:11.639 align:start position:0%
bring data in and how do you make sure
 

00:05:11.639 --> 00:05:13.710 align:start position:0%
bring data in and how do you make sure
that<00:05:11.759><c> it's</c><00:05:11.960><c> the</c><00:05:12.120><c> right</c><00:05:12.320><c> data</c><00:05:12.840><c> and</c><00:05:13.160><c> not</c><00:05:13.400><c> being</c>

00:05:13.710 --> 00:05:13.720 align:start position:0%
that it's the right data and not being
 

00:05:13.720 --> 00:05:14.710 align:start position:0%
that it's the right data and not being
fiddled

00:05:14.710 --> 00:05:14.720 align:start position:0%
fiddled
 

00:05:14.720 --> 00:05:22.270 align:start position:0%
fiddled
with<00:05:15.880><c> the</c><00:05:17.039><c> second</c><00:05:18.039><c> General</c><00:05:18.720><c> problem</c><00:05:19.160><c> space</c>

00:05:22.270 --> 00:05:22.280 align:start position:0%
 
 

00:05:22.280 --> 00:05:25.909 align:start position:0%
 
is<00:05:23.280><c> other</c><00:05:23.880><c> types</c><00:05:24.120><c> of</c><00:05:24.280><c> insurances</c><00:05:24.960><c> that</c><00:05:25.120><c> need</c>

00:05:25.909 --> 00:05:25.919 align:start position:0%
is other types of insurances that need
 

00:05:25.919 --> 00:05:27.909 align:start position:0%
is other types of insurances that need
that<00:05:26.080><c> need</c><00:05:26.319><c> some</c><00:05:26.520><c> kind</c><00:05:26.680><c> of</c><00:05:26.840><c> voting</c><00:05:27.440><c> or</c><00:05:27.680><c> that</c>

00:05:27.909 --> 00:05:27.919 align:start position:0%
that need some kind of voting or that
 

00:05:27.919 --> 00:05:29.909 align:start position:0%
that need some kind of voting or that
usually<00:05:28.360><c> have</c><00:05:28.520><c> an</c><00:05:29.080><c> have</c><00:05:29.199><c> a</c><00:05:29.360><c> person</c><00:05:29.759><c> and</c>

00:05:29.909 --> 00:05:29.919 align:start position:0%
usually have an have a person and
 

00:05:29.919 --> 00:05:32.070 align:start position:0%
usually have an have a person and
deciding<00:05:30.440><c> on</c><00:05:30.960><c> whether</c><00:05:31.240><c> reclaim</c><00:05:31.639><c> is</c><00:05:31.840><c> being</c>

00:05:32.070 --> 00:05:32.080 align:start position:0%
deciding on whether reclaim is being
 

00:05:32.080 --> 00:05:34.990 align:start position:0%
deciding on whether reclaim is being
paid<00:05:32.280><c> out</c><00:05:32.479><c> or</c><00:05:32.639><c> not</c><00:05:33.160><c> so</c><00:05:33.400><c> this</c><00:05:33.720><c> goes</c><00:05:34.000><c> into</c>

00:05:34.990 --> 00:05:35.000 align:start position:0%
paid out or not so this goes into
 

00:05:35.000 --> 00:05:38.590 align:start position:0%
paid out or not so this goes into
building<00:05:35.600><c> incentive</c><00:05:36.360><c> models</c><00:05:37.400><c> that</c><00:05:38.400><c> that</c>

00:05:38.590 --> 00:05:38.600 align:start position:0%
building incentive models that that
 

00:05:38.600 --> 00:05:41.870 align:start position:0%
building incentive models that that
enable<00:05:39.080><c> groups</c><00:05:39.560><c> to</c><00:05:39.919><c> decide</c><00:05:40.919><c> which</c><00:05:41.160><c> claims</c>

00:05:41.870 --> 00:05:41.880 align:start position:0%
enable groups to decide which claims
 

00:05:41.880 --> 00:05:43.230 align:start position:0%
enable groups to decide which claims
should<00:05:42.120><c> be</c><00:05:42.280><c> paid</c><00:05:42.520><c> out</c><00:05:42.720><c> and</c><00:05:42.840><c> which</c><00:05:42.960><c> claims</c>

00:05:43.230 --> 00:05:43.240 align:start position:0%
should be paid out and which claims
 

00:05:43.240 --> 00:05:45.710 align:start position:0%
should be paid out and which claims
shouldn't<00:05:43.479><c> be</c><00:05:43.639><c> paid</c><00:05:43.840><c> out</c><00:05:44.360><c> so</c><00:05:44.560><c> this</c><00:05:44.680><c> is</c><00:05:44.960><c> for</c>

00:05:45.710 --> 00:05:45.720 align:start position:0%
shouldn't be paid out so this is for
 

00:05:45.720 --> 00:05:49.629 align:start position:0%
shouldn't be paid out so this is for
traditional<00:05:46.720><c> Insurance</c><00:05:47.199><c> models</c><00:05:48.240><c> where</c><00:05:49.240><c> where</c>

00:05:49.629 --> 00:05:49.639 align:start position:0%
traditional Insurance models where where
 

00:05:49.639 --> 00:05:52.350 align:start position:0%
traditional Insurance models where where
uh<00:05:50.039><c> one</c><00:05:50.520><c> participant</c><00:05:51.400><c> or</c><00:05:51.919><c> multiple</c>

00:05:52.350 --> 00:05:52.360 align:start position:0%
uh one participant or multiple
 

00:05:52.360 --> 00:05:54.790 align:start position:0%
uh one participant or multiple
participants<00:05:52.880><c> take</c><00:05:53.120><c> out</c><00:05:53.319><c> an</c><00:05:53.639><c> insurance</c><00:05:54.639><c> and</c>

00:05:54.790 --> 00:05:54.800 align:start position:0%
participants take out an insurance and
 

00:05:54.800 --> 00:05:58.629 align:start position:0%
participants take out an insurance and
there<00:05:54.919><c> is</c><00:05:55.080><c> a</c><00:05:55.360><c> detached</c><00:05:55.919><c> pool</c><00:05:56.440><c> of</c><00:05:57.639><c> investment</c>

00:05:58.629 --> 00:05:58.639 align:start position:0%
there is a detached pool of investment
 

00:05:58.639 --> 00:06:02.390 align:start position:0%
there is a detached pool of investment
taking<00:05:59.000><c> over</c><00:05:59.400><c> or</c><00:05:59.720><c> taking</c><00:06:00.039><c> care</c><00:06:00.199><c> of</c><00:06:00.319><c> the</c>

00:06:02.390 --> 00:06:02.400 align:start position:0%
taking over or taking care of the
 

00:06:02.400 --> 00:06:05.110 align:start position:0%
taking over or taking care of the
coverage<00:06:03.400><c> the</c><00:06:03.600><c> other</c><00:06:04.039><c> model</c><00:06:04.479><c> of</c><00:06:04.639><c> insurance</c>

00:06:05.110 --> 00:06:05.120 align:start position:0%
coverage the other model of insurance
 

00:06:05.120 --> 00:06:07.270 align:start position:0%
coverage the other model of insurance
that<00:06:05.240><c> is</c><00:06:05.479><c> really</c><00:06:05.759><c> really</c><00:06:06.000><c> interesting</c><00:06:06.759><c> in</c><00:06:07.000><c> for</c>

00:06:07.270 --> 00:06:07.280 align:start position:0%
that is really really interesting in for
 

00:06:07.280 --> 00:06:10.189 align:start position:0%
that is really really interesting in for
this<00:06:07.599><c> space</c><00:06:08.240><c> is</c><00:06:08.599><c> mutuals</c><00:06:09.440><c> mutuals</c><00:06:09.880><c> have</c><00:06:10.039><c> been</c>

00:06:10.189 --> 00:06:10.199 align:start position:0%
this space is mutuals mutuals have been
 

00:06:10.199 --> 00:06:12.710 align:start position:0%
this space is mutuals mutuals have been
around<00:06:10.440><c> for</c><00:06:10.599><c> a</c><00:06:10.720><c> long</c><00:06:10.960><c> time</c><00:06:11.240><c> they</c><00:06:11.400><c> started</c><00:06:11.800><c> out</c>

00:06:12.710 --> 00:06:12.720 align:start position:0%
around for a long time they started out
 

00:06:12.720 --> 00:06:15.589 align:start position:0%
around for a long time they started out
as<00:06:13.240><c> fire</c><00:06:13.599><c> insurance</c><00:06:14.560><c> it's</c><00:06:14.680><c> a</c><00:06:14.840><c> model</c><00:06:15.160><c> where</c>

00:06:15.589 --> 00:06:15.599 align:start position:0%
as fire insurance it's a model where
 

00:06:15.599 --> 00:06:17.430 align:start position:0%
as fire insurance it's a model where
group<00:06:15.759><c> of</c><00:06:15.919><c> people</c><00:06:16.160><c> gets</c><00:06:16.560><c> together</c><00:06:17.080><c> and</c>

00:06:17.430 --> 00:06:17.440 align:start position:0%
group of people gets together and
 

00:06:17.440 --> 00:06:19.790 align:start position:0%
group of people gets together and
insures<00:06:17.960><c> each</c><00:06:18.120><c> other</c><00:06:18.599><c> this</c><00:06:18.759><c> could</c><00:06:18.960><c> be</c><00:06:19.520><c> by</c>

00:06:19.790 --> 00:06:19.800 align:start position:0%
insures each other this could be by
 

00:06:19.800 --> 00:06:22.430 align:start position:0%
insures each other this could be by
regularly<00:06:20.319><c> paying</c><00:06:20.599><c> into</c><00:06:20.880><c> a</c><00:06:21.039><c> pot</c><00:06:21.880><c> and</c><00:06:22.120><c> paying</c>

00:06:22.430 --> 00:06:22.440 align:start position:0%
regularly paying into a pot and paying
 

00:06:22.440 --> 00:06:25.670 align:start position:0%
regularly paying into a pot and paying
out<00:06:22.880><c> when</c><00:06:23.360><c> one</c><00:06:23.639><c> of</c><00:06:23.800><c> the</c><00:06:24.039><c> participants</c><00:06:25.039><c> has</c><00:06:25.199><c> a</c>

00:06:25.670 --> 00:06:25.680 align:start position:0%
out when one of the participants has a
 

00:06:25.680 --> 00:06:28.230 align:start position:0%
out when one of the participants has a
has<00:06:25.800><c> a</c><00:06:25.919><c> claim</c><00:06:26.199><c> or</c><00:06:26.319><c> has</c><00:06:26.440><c> a</c><00:06:26.560><c> claim</c><00:06:26.919><c> case</c><00:06:27.919><c> this</c><00:06:28.039><c> has</c>

00:06:28.230 --> 00:06:28.240 align:start position:0%
has a claim or has a claim case this has
 

00:06:28.240 --> 00:06:30.749 align:start position:0%
has a claim or has a claim case this has
already<00:06:28.520><c> been</c><00:06:28.880><c> done</c><00:06:29.280><c> with</c><00:06:30.039><c> uh</c><00:06:30.199><c> with</c><00:06:30.360><c> car</c>

00:06:30.749 --> 00:06:30.759 align:start position:0%
already been done with uh with car
 

00:06:30.759 --> 00:06:33.070 align:start position:0%
already been done with uh with car
insurance<00:06:31.759><c> kind</c><00:06:31.840><c> of</c><00:06:31.960><c> a</c><00:06:32.120><c> social</c><00:06:32.400><c> car</c><00:06:32.599><c> insurance</c>

00:06:33.070 --> 00:06:33.080 align:start position:0%
insurance kind of a social car insurance
 

00:06:33.080 --> 00:06:34.510 align:start position:0%
insurance kind of a social car insurance
with<00:06:33.280><c> a</c><00:06:33.400><c> group</c><00:06:33.639><c> of</c>

00:06:34.510 --> 00:06:34.520 align:start position:0%
with a group of
 

00:06:34.520 --> 00:06:38.350 align:start position:0%
with a group of
people<00:06:35.520><c> and</c><00:06:36.000><c> again</c><00:06:37.000><c> the</c><00:06:37.599><c> interesting</c><00:06:38.080><c> part</c>

00:06:38.350 --> 00:06:38.360 align:start position:0%
people and again the interesting part
 

00:06:38.360 --> 00:06:40.870 align:start position:0%
people and again the interesting part
here<00:06:38.560><c> is</c><00:06:39.160><c> bringing</c><00:06:39.560><c> in</c><00:06:39.800><c> low</c><00:06:40.120><c> transaction</c><00:06:40.639><c> cost</c>

00:06:40.870 --> 00:06:40.880 align:start position:0%
here is bringing in low transaction cost
 

00:06:40.880 --> 00:06:42.830 align:start position:0%
here is bringing in low transaction cost
and<00:06:41.039><c> low</c><00:06:41.280><c> transaction</c><00:06:41.800><c> risk</c><00:06:42.199><c> so</c><00:06:42.400><c> you</c><00:06:42.520><c> can</c>

00:06:42.830 --> 00:06:42.840 align:start position:0%
and low transaction risk so you can
 

00:06:42.840 --> 00:06:44.990 align:start position:0%
and low transaction risk so you can
connect<00:06:43.199><c> people</c><00:06:43.520><c> very</c>

00:06:44.990 --> 00:06:45.000 align:start position:0%
connect people very
 

00:06:45.000 --> 00:06:47.029 align:start position:0%
connect people very
efficiently<00:06:46.000><c> the</c><00:06:46.120><c> second</c><00:06:46.400><c> is</c><00:06:46.560><c> that</c><00:06:46.680><c> it</c><00:06:46.800><c> is</c>

00:06:47.029 --> 00:06:47.039 align:start position:0%
efficiently the second is that it is
 

00:06:47.039 --> 00:06:48.670 align:start position:0%
efficiently the second is that it is
inherently<00:06:47.560><c> peer-to-peer</c><00:06:48.000><c> Mutual</c>

00:06:48.670 --> 00:06:48.680 align:start position:0%
inherently peer-to-peer Mutual
 

00:06:48.680 --> 00:06:50.189 align:start position:0%
inherently peer-to-peer Mutual
insurances<00:06:49.160><c> are</c><00:06:49.360><c> inherently</c><00:06:49.800><c> peer-to-peer</c>

00:06:50.189 --> 00:06:50.199 align:start position:0%
insurances are inherently peer-to-peer
 

00:06:50.199 --> 00:06:53.870 align:start position:0%
insurances are inherently peer-to-peer
so<00:06:51.160><c> you</c><00:06:51.280><c> know</c><00:06:52.280><c> the</c><00:06:53.280><c> the</c><00:06:53.400><c> blockchain</c>

00:06:53.870 --> 00:06:53.880 align:start position:0%
so you know the the blockchain
 

00:06:53.880 --> 00:06:56.230 align:start position:0%
so you know the the blockchain
technology<00:06:54.400><c> is</c><00:06:55.199><c> perfect</c><00:06:55.599><c> you</c><00:06:55.680><c> know</c><00:06:56.000><c> is</c><00:06:56.080><c> a</c>

00:06:56.230 --> 00:06:56.240 align:start position:0%
technology is perfect you know is a
 

00:06:56.240 --> 00:06:59.029 align:start position:0%
technology is perfect you know is a
perfect<00:06:56.520><c> candidate</c><00:06:56.879><c> to</c><00:06:57.039><c> solve</c><00:06:57.400><c> that</c><00:06:58.039><c> problem</c>

00:06:59.029 --> 00:06:59.039 align:start position:0%
perfect candidate to solve that problem
 

00:06:59.039 --> 00:07:00.469 align:start position:0%
perfect candidate to solve that problem
and

00:07:00.469 --> 00:07:00.479 align:start position:0%
and
 

00:07:00.479 --> 00:07:02.469 align:start position:0%
and
the<00:07:01.199><c> the</c><00:07:01.479><c> infrastructure</c><00:07:02.039><c> in</c><00:07:02.160><c> itself</c>

00:07:02.469 --> 00:07:02.479 align:start position:0%
the the infrastructure in itself
 

00:07:02.479 --> 00:07:03.869 align:start position:0%
the the infrastructure in itself
obviously<00:07:02.800><c> when</c><00:07:02.919><c> we</c><00:07:03.039><c> build</c><00:07:03.319><c> something</c><00:07:03.639><c> like</c>

00:07:03.869 --> 00:07:03.879 align:start position:0%
obviously when we build something like
 

00:07:03.879 --> 00:07:07.150 align:start position:0%
obviously when we build something like
this<00:07:04.520><c> is</c><00:07:05.280><c> is</c><00:07:05.440><c> trustless</c><00:07:06.280><c> and</c><00:07:06.440><c> on</c><00:07:06.639><c> top</c><00:07:06.800><c> of</c><00:07:06.960><c> that</c>

00:07:07.150 --> 00:07:07.160 align:start position:0%
this is is trustless and on top of that
 

00:07:07.160 --> 00:07:09.510 align:start position:0%
this is is trustless and on top of that
we<00:07:07.280><c> can</c><00:07:07.479><c> then</c><00:07:07.720><c> build</c><00:07:08.440><c> kind</c><00:07:08.560><c> of</c><00:07:08.720><c> custom</c><00:07:09.199><c> trust</c>

00:07:09.510 --> 00:07:09.520 align:start position:0%
we can then build kind of custom trust
 

00:07:09.520 --> 00:07:11.510 align:start position:0%
we can then build kind of custom trust
models<00:07:09.879><c> so</c><00:07:10.039><c> for</c><00:07:10.199><c> example</c><00:07:10.960><c> we</c><00:07:11.080><c> don't</c><00:07:11.280><c> have</c><00:07:11.400><c> to</c>

00:07:11.510 --> 00:07:11.520 align:start position:0%
models so for example we don't have to
 

00:07:11.520 --> 00:07:13.469 align:start position:0%
models so for example we don't have to
trust<00:07:11.800><c> the</c><00:07:11.960><c> infrastructure</c><00:07:12.720><c> but</c><00:07:13.160><c> we</c><00:07:13.319><c> can</c>

00:07:13.469 --> 00:07:13.479 align:start position:0%
trust the infrastructure but we can
 

00:07:13.479 --> 00:07:16.909 align:start position:0%
trust the infrastructure but we can
build<00:07:13.680><c> a</c><00:07:13.879><c> system</c><00:07:14.280><c> where</c><00:07:15.240><c> um</c><00:07:15.800><c> we</c><00:07:16.080><c> Define</c><00:07:16.720><c> which</c>

00:07:16.909 --> 00:07:16.919 align:start position:0%
build a system where um we Define which
 

00:07:16.919 --> 00:07:19.309 align:start position:0%
build a system where um we Define which
level<00:07:17.160><c> of</c><00:07:17.319><c> trust</c><00:07:17.680><c> we</c><00:07:17.800><c> want</c><00:07:17.960><c> to</c><00:07:18.160><c> have</c><00:07:18.319><c> to</c><00:07:18.520><c> other</c>

00:07:19.309 --> 00:07:19.319 align:start position:0%
level of trust we want to have to other
 

00:07:19.319 --> 00:07:23.350 align:start position:0%
level of trust we want to have to other
people<00:07:20.319><c> and</c><00:07:20.759><c> lastly</c><00:07:21.240><c> the</c><00:07:21.479><c> M</c><00:07:21.720><c> Mutual</c><00:07:22.160><c> model</c><00:07:22.639><c> is</c>

00:07:23.350 --> 00:07:23.360 align:start position:0%
people and lastly the M Mutual model is
 

00:07:23.360 --> 00:07:25.749 align:start position:0%
people and lastly the M Mutual model is
a<00:07:23.919><c> very</c><00:07:24.360><c> it's</c><00:07:24.599><c> very</c><00:07:24.759><c> much</c><00:07:24.919><c> a</c><00:07:25.120><c> proven</c><00:07:25.440><c> model</c>

00:07:25.749 --> 00:07:25.759 align:start position:0%
a very it's very much a proven model
 

00:07:25.759 --> 00:07:28.390 align:start position:0%
a very it's very much a proven model
it's<00:07:25.919><c> been</c><00:07:26.080><c> around</c><00:07:26.400><c> for</c><00:07:26.560><c> a</c><00:07:26.720><c> long</c><00:07:27.000><c> time</c><00:07:27.840><c> and</c><00:07:28.160><c> to</c>

00:07:28.390 --> 00:07:28.400 align:start position:0%
it's been around for a long time and to
 

00:07:28.400 --> 00:07:31.990 align:start position:0%
it's been around for a long time and to
this<00:07:28.639><c> day</c><00:07:29.039><c> is</c><00:07:29.759><c> executed</c><00:07:30.319><c> very</c>

00:07:31.990 --> 00:07:32.000 align:start position:0%
this day is executed very
 

00:07:32.000 --> 00:07:35.510 align:start position:0%
this day is executed very
successfully<00:07:33.000><c> now</c><00:07:33.759><c> where</c><00:07:34.000><c> this</c><00:07:34.120><c> is</c><00:07:34.520><c> generally</c>

00:07:35.510 --> 00:07:35.520 align:start position:0%
successfully now where this is generally
 

00:07:35.520 --> 00:07:37.110 align:start position:0%
successfully now where this is generally
the<00:07:35.720><c> direction</c><00:07:36.160><c> this</c><00:07:36.280><c> is</c><00:07:36.400><c> generally</c><00:07:36.759><c> moving</c>

00:07:37.110 --> 00:07:37.120 align:start position:0%
the direction this is generally moving
 

00:07:37.120 --> 00:07:41.589 align:start position:0%
the direction this is generally moving
in<00:07:37.479><c> and</c><00:07:38.240><c> where</c><00:07:38.479><c> we</c><00:07:38.680><c> think</c><00:07:39.000><c> this</c><00:07:39.240><c> will</c><00:07:40.240><c> you</c><00:07:40.599><c> know</c>

00:07:41.589 --> 00:07:41.599 align:start position:0%
in and where we think this will you know
 

00:07:41.599 --> 00:07:44.430 align:start position:0%
in and where we think this will you know
where<00:07:41.759><c> this</c><00:07:41.879><c> will</c><00:07:42.039><c> culminate</c><00:07:42.919><c> is</c><00:07:43.919><c> kind</c><00:07:44.039><c> of</c><00:07:44.159><c> a</c>

00:07:44.430 --> 00:07:44.440 align:start position:0%
where this will culminate is kind of a
 

00:07:44.440 --> 00:07:46.510 align:start position:0%
where this will culminate is kind of a
Marketplace<00:07:45.000><c> creation</c><00:07:45.520><c> so</c><00:07:45.720><c> through</c><00:07:46.039><c> the</c>

00:07:46.510 --> 00:07:46.520 align:start position:0%
Marketplace creation so through the
 

00:07:46.520 --> 00:07:48.909 align:start position:0%
Marketplace creation so through the
lowering<00:07:46.960><c> of</c><00:07:47.120><c> the</c><00:07:47.240><c> risk</c><00:07:47.520><c> and</c><00:07:47.680><c> the</c><00:07:47.840><c> cost</c><00:07:48.680><c> you're</c>

00:07:48.909 --> 00:07:48.919 align:start position:0%
lowering of the risk and the cost you're
 

00:07:48.919 --> 00:07:50.670 align:start position:0%
lowering of the risk and the cost you're
enabling<00:07:49.520><c> the</c><00:07:49.639><c> breakup</c><00:07:50.039><c> of</c><00:07:50.280><c> existing</c>

00:07:50.670 --> 00:07:50.680 align:start position:0%
enabling the breakup of existing
 

00:07:50.680 --> 00:07:53.830 align:start position:0%
enabling the breakup of existing
monolithic<00:07:51.400><c> structures</c><00:07:52.400><c> so</c><00:07:52.680><c> at</c><00:07:52.800><c> the</c><00:07:52.960><c> moment</c>

00:07:53.830 --> 00:07:53.840 align:start position:0%
monolithic structures so at the moment
 

00:07:53.840 --> 00:07:55.390 align:start position:0%
monolithic structures so at the moment
all<00:07:54.000><c> of</c><00:07:54.199><c> these</c><00:07:54.440><c> things</c><00:07:54.720><c> underwriting</c>

00:07:55.390 --> 00:07:55.400 align:start position:0%
all of these things underwriting
 

00:07:55.400 --> 00:07:57.950 align:start position:0%
all of these things underwriting
liquidity<00:07:56.120><c> modeling</c><00:07:56.800><c> management</c><00:07:57.479><c> processing</c>

00:07:57.950 --> 00:07:57.960 align:start position:0%
liquidity modeling management processing
 

00:07:57.960 --> 00:08:00.629 align:start position:0%
liquidity modeling management processing
is<00:07:58.120><c> all</c><00:07:58.280><c> in</c><00:07:58.520><c> one</c><00:07:59.199><c> place</c>

00:08:00.629 --> 00:08:00.639 align:start position:0%
is all in one place
 

00:08:00.639 --> 00:08:03.230 align:start position:0%
is all in one place
which<00:08:00.759><c> is</c><00:08:01.120><c> within</c><00:08:01.560><c> one</c><00:08:02.159><c> large</c><00:08:02.479><c> insurance</c>

00:08:03.230 --> 00:08:03.240 align:start position:0%
which is within one large insurance
 

00:08:03.240 --> 00:08:05.869 align:start position:0%
which is within one large insurance
company<00:08:04.240><c> and</c><00:08:04.440><c> this</c><00:08:04.560><c> is</c><00:08:05.000><c> really</c><00:08:05.319><c> because</c><00:08:05.599><c> it's</c>

00:08:05.869 --> 00:08:05.879 align:start position:0%
company and this is really because it's
 

00:08:05.879 --> 00:08:08.909 align:start position:0%
company and this is really because it's
it's<00:08:06.120><c> very</c><00:08:06.319><c> very</c><00:08:06.800><c> difficult</c><00:08:07.560><c> to</c><00:08:07.879><c> get</c><00:08:08.680><c> access</c>

00:08:08.909 --> 00:08:08.919 align:start position:0%
it's very very difficult to get access
 

00:08:08.919 --> 00:08:10.909 align:start position:0%
it's very very difficult to get access
to<00:08:09.159><c> the</c><00:08:09.360><c> the</c><00:08:09.479><c> liquidity</c><00:08:10.039><c> that</c><00:08:10.159><c> is</c><00:08:10.599><c> that</c><00:08:10.720><c> is</c>

00:08:10.909 --> 00:08:10.919 align:start position:0%
to the the liquidity that is that is
 

00:08:10.919 --> 00:08:13.430 align:start position:0%
to the the liquidity that is that is
necessary<00:08:11.479><c> it's</c><00:08:11.599><c> a</c><00:08:11.840><c> large</c><00:08:12.120><c> numbers</c><00:08:12.520><c> game</c><00:08:13.280><c> so</c>

00:08:13.430 --> 00:08:13.440 align:start position:0%
necessary it's a large numbers game so
 

00:08:13.440 --> 00:08:16.390 align:start position:0%
necessary it's a large numbers game so
you<00:08:13.680><c> need</c><00:08:13.840><c> to</c><00:08:14.000><c> spread</c><00:08:14.280><c> your</c><00:08:14.479><c> risk</c><00:08:15.199><c> and</c><00:08:15.360><c> it</c><00:08:15.560><c> is</c>

00:08:16.390 --> 00:08:16.400 align:start position:0%
you need to spread your risk and it is
 

00:08:16.400 --> 00:08:19.629 align:start position:0%
you need to spread your risk and it is
uh<00:08:16.800><c> very</c><00:08:17.319><c> difficult</c><00:08:17.680><c> to</c><00:08:18.080><c> connect</c><00:08:18.639><c> different</c>

00:08:19.629 --> 00:08:19.639 align:start position:0%
uh very difficult to connect different
 

00:08:19.639 --> 00:08:21.589 align:start position:0%
uh very difficult to connect different
players<00:08:20.199><c> different</c><00:08:20.560><c> parties</c><00:08:20.879><c> in</c><00:08:21.039><c> the</c><00:08:21.159><c> market</c>

00:08:21.589 --> 00:08:21.599 align:start position:0%
players different parties in the market
 

00:08:21.599 --> 00:08:23.589 align:start position:0%
players different parties in the market
in<00:08:21.720><c> a</c><00:08:21.919><c> way</c><00:08:22.120><c> that</c><00:08:22.240><c> is</c><00:08:22.440><c> efficient</c><00:08:22.919><c> enough</c><00:08:23.319><c> to</c>

00:08:23.589 --> 00:08:23.599 align:start position:0%
in a way that is efficient enough to
 

00:08:23.599 --> 00:08:27.990 align:start position:0%
in a way that is efficient enough to
execute<00:08:24.039><c> this</c><00:08:24.960><c> so</c><00:08:25.720><c> a</c><00:08:25.960><c> decentralized</c><00:08:27.000><c> model</c>

00:08:27.990 --> 00:08:28.000 align:start position:0%
execute this so a decentralized model
 

00:08:28.000 --> 00:08:30.589 align:start position:0%
execute this so a decentralized model
could<00:08:28.199><c> be</c><00:08:28.400><c> really</c><00:08:28.639><c> interesting</c>

00:08:30.589 --> 00:08:30.599 align:start position:0%
could be really interesting
 

00:08:30.599 --> 00:08:33.230 align:start position:0%
could be really interesting
uh<00:08:30.800><c> in</c><00:08:31.000><c> in</c><00:08:31.120><c> the</c><00:08:31.280><c> way</c><00:08:31.520><c> that</c><00:08:31.800><c> that</c><00:08:32.000><c> is</c><00:08:32.240><c> outlined</c>

00:08:33.230 --> 00:08:33.240 align:start position:0%
uh in in the way that that is outlined
 

00:08:33.240 --> 00:08:35.750 align:start position:0%
uh in in the way that that is outlined
outlined<00:08:33.680><c> on</c><00:08:33.760><c> the</c><00:08:33.919><c> right</c><00:08:34.159><c> side</c><00:08:34.599><c> there</c><00:08:35.599><c> we</c>

00:08:35.750 --> 00:08:35.760 align:start position:0%
outlined on the right side there we
 

00:08:35.760 --> 00:08:37.829 align:start position:0%
outlined on the right side there we
could<00:08:36.640><c> have</c><00:08:37.039><c> through</c><00:08:37.479><c> you</c><00:08:37.560><c> know</c><00:08:37.680><c> through</c>

00:08:37.829 --> 00:08:37.839 align:start position:0%
could have through you know through
 

00:08:37.839 --> 00:08:39.550 align:start position:0%
could have through you know through
trustless<00:08:38.360><c> computation</c><00:08:38.959><c> through</c><00:08:39.200><c> smart</c>

00:08:39.550 --> 00:08:39.560 align:start position:0%
trustless computation through smart
 

00:08:39.560 --> 00:08:41.509 align:start position:0%
trustless computation through smart
contracts<00:08:40.240><c> we</c><00:08:40.399><c> can</c><00:08:40.680><c> bind</c><00:08:41.159><c> different</c>

00:08:41.509 --> 00:08:41.519 align:start position:0%
contracts we can bind different
 

00:08:41.519 --> 00:08:44.110 align:start position:0%
contracts we can bind different
participants<00:08:42.080><c> in</c><00:08:42.200><c> the</c><00:08:42.399><c> market</c><00:08:43.240><c> to</c><00:08:43.760><c> certain</c>

00:08:44.110 --> 00:08:44.120 align:start position:0%
participants in the market to certain
 

00:08:44.120 --> 00:08:48.670 align:start position:0%
participants in the market to certain
rules<00:08:45.040><c> and</c><00:08:46.040><c> we</c><00:08:46.200><c> can</c><00:08:46.880><c> you</c><00:08:47.040><c> know</c><00:08:48.040><c> we</c><00:08:48.240><c> could</c><00:08:48.440><c> see</c>

00:08:48.670 --> 00:08:48.680 align:start position:0%
rules and we can you know we could see
 

00:08:48.680 --> 00:08:51.269 align:start position:0%
rules and we can you know we could see
the<00:08:48.920><c> creation</c><00:08:49.320><c> of</c><00:08:49.480><c> an</c><00:08:49.640><c> insurance</c><00:08:50.279><c> Market</c>

00:08:51.269 --> 00:08:51.279 align:start position:0%
the creation of an insurance Market
 

00:08:51.279 --> 00:08:53.829 align:start position:0%
the creation of an insurance Market
where<00:08:51.560><c> you</c><00:08:52.120><c> you</c><00:08:52.320><c> can</c><00:08:52.959><c> create</c><00:08:53.240><c> a</c><00:08:53.480><c> policy</c>

00:08:53.829 --> 00:08:53.839 align:start position:0%
where you you can create a policy
 

00:08:53.839 --> 00:08:56.509 align:start position:0%
where you you can create a policy
yourself<00:08:54.240><c> you</c><00:08:54.399><c> get</c><00:08:54.640><c> access</c><00:08:54.959><c> to</c><00:08:55.519><c> risk</c><00:08:55.880><c> analysts</c>

00:08:56.509 --> 00:08:56.519 align:start position:0%
yourself you get access to risk analysts
 

00:08:56.519 --> 00:08:58.710 align:start position:0%
yourself you get access to risk analysts
risk<00:08:56.760><c> modeling</c><00:08:57.680><c> you</c><00:08:57.880><c> get</c><00:08:58.279><c> access</c><00:08:58.519><c> to</c>

00:08:58.710 --> 00:08:58.720 align:start position:0%
risk modeling you get access to
 

00:08:58.720 --> 00:09:00.870 align:start position:0%
risk modeling you get access to
liquidity<00:08:59.160><c> pools</c><00:08:59.440><c> TOs</c><00:09:00.160><c> and</c><00:09:00.320><c> all</c><00:09:00.440><c> of</c><00:09:00.600><c> that</c><00:09:00.720><c> is</c>

00:09:00.870 --> 00:09:00.880 align:start position:0%
liquidity pools TOs and all of that is
 

00:09:00.880 --> 00:09:03.350 align:start position:0%
liquidity pools TOs and all of that is
tied<00:09:01.240><c> together</c>

00:09:03.350 --> 00:09:03.360 align:start position:0%
tied together
 

00:09:03.360 --> 00:09:05.389 align:start position:0%
tied together
automatically<00:09:04.360><c> now</c><00:09:04.560><c> there</c><00:09:04.640><c> are</c><00:09:04.760><c> a</c><00:09:04.880><c> few</c><00:09:05.160><c> things</c>

00:09:05.389 --> 00:09:05.399 align:start position:0%
automatically now there are a few things
 

00:09:05.399 --> 00:09:06.670 align:start position:0%
automatically now there are a few things
that<00:09:05.519><c> we've</c><00:09:05.720><c> been</c><00:09:05.839><c> looking</c><00:09:06.120><c> into</c><00:09:06.360><c> so</c>

00:09:06.670 --> 00:09:06.680 align:start position:0%
that we've been looking into so
 

00:09:06.680 --> 00:09:09.350 align:start position:0%
that we've been looking into so
theoretical<00:09:07.320><c> research</c><00:09:08.320><c> and</c><00:09:08.519><c> a</c><00:09:08.680><c> bit</c><00:09:08.839><c> of</c>

00:09:09.350 --> 00:09:09.360 align:start position:0%
theoretical research and a bit of
 

00:09:09.360 --> 00:09:11.470 align:start position:0%
theoretical research and a bit of
experimentation<00:09:10.360><c> because</c><00:09:10.720><c> a</c><00:09:10.839><c> lot</c><00:09:10.959><c> of</c><00:09:11.120><c> this</c><00:09:11.240><c> is</c>

00:09:11.470 --> 00:09:11.480 align:start position:0%
experimentation because a lot of this is
 

00:09:11.480 --> 00:09:13.550 align:start position:0%
experimentation because a lot of this is
just<00:09:11.720><c> really</c><00:09:11.959><c> down</c><00:09:12.200><c> to</c><00:09:12.720><c> trying</c><00:09:13.079><c> out</c><00:09:13.279><c> how</c><00:09:13.399><c> these</c>

00:09:13.550 --> 00:09:13.560 align:start position:0%
just really down to trying out how these
 

00:09:13.560 --> 00:09:16.550 align:start position:0%
just really down to trying out how these
model<00:09:13.920><c> work</c><00:09:14.480><c> these</c><00:09:14.640><c> models</c><00:09:15.000><c> work</c><00:09:15.279><c> and</c><00:09:16.160><c> uh</c><00:09:16.320><c> the</c>

00:09:16.550 --> 00:09:16.560 align:start position:0%
model work these models work and uh the
 

00:09:16.560 --> 00:09:18.030 align:start position:0%
model work these models work and uh the
game<00:09:16.800><c> theoretical</c>

00:09:18.030 --> 00:09:18.040 align:start position:0%
game theoretical
 

00:09:18.040 --> 00:09:20.430 align:start position:0%
game theoretical
elements<00:09:19.040><c> there</c><00:09:19.160><c> are</c><00:09:19.399><c> a</c><00:09:19.519><c> few</c><00:09:19.760><c> areas</c><00:09:20.279><c> where</c>

00:09:20.430 --> 00:09:20.440 align:start position:0%
elements there are a few areas where
 

00:09:20.440 --> 00:09:22.590 align:start position:0%
elements there are a few areas where
it's<00:09:20.760><c> really</c><00:09:21.040><c> worth</c><00:09:21.360><c> looking</c><00:09:21.720><c> into</c><00:09:22.240><c> and</c><00:09:22.440><c> the</c>

00:09:22.590 --> 00:09:22.600 align:start position:0%
it's really worth looking into and the
 

00:09:22.600 --> 00:09:27.550 align:start position:0%
it's really worth looking into and the
first<00:09:22.880><c> three</c><00:09:23.800><c> are</c><00:09:24.600><c> mainly</c><00:09:25.600><c> around</c><00:09:26.440><c> weather</c><00:09:27.440><c> uh</c>

00:09:27.550 --> 00:09:27.560 align:start position:0%
first three are mainly around weather uh
 

00:09:27.560 --> 00:09:29.069 align:start position:0%
first three are mainly around weather uh
so<00:09:27.720><c> we've</c><00:09:27.880><c> got</c><00:09:28.040><c> crop</c><00:09:28.279><c> insurance</c><00:09:28.720><c> bad</c><00:09:28.920><c> weather</c>

00:09:29.069 --> 00:09:29.079 align:start position:0%
so we've got crop insurance bad weather
 

00:09:29.079 --> 00:09:31.350 align:start position:0%
so we've got crop insurance bad weather
insurance<00:09:29.360><c> Insurance</c><00:09:30.240><c> energy</c><00:09:30.600><c> markets</c><00:09:31.120><c> with</c>

00:09:31.350 --> 00:09:31.360 align:start position:0%
insurance Insurance energy markets with
 

00:09:31.360 --> 00:09:33.550 align:start position:0%
insurance Insurance energy markets with
weather<00:09:32.240><c> and</c><00:09:32.440><c> things</c><00:09:32.720><c> like</c><00:09:32.880><c> a</c><00:09:33.000><c> double</c><00:09:33.240><c> spend</c>

00:09:33.550 --> 00:09:33.560 align:start position:0%
weather and things like a double spend
 

00:09:33.560 --> 00:09:36.710 align:start position:0%
weather and things like a double spend
micro<00:09:34.360><c> insurance</c><00:09:35.360><c> now</c><00:09:35.480><c> I</c><00:09:35.560><c> want</c><00:09:35.720><c> to</c><00:09:36.160><c> quickly</c><00:09:36.519><c> go</c>

00:09:36.710 --> 00:09:36.720 align:start position:0%
micro insurance now I want to quickly go
 

00:09:36.720 --> 00:09:40.470 align:start position:0%
micro insurance now I want to quickly go
into<00:09:38.160><c> the</c><00:09:39.160><c> proof</c><00:09:39.399><c> of</c><00:09:39.600><c> concept</c><00:09:40.160><c> that</c><00:09:40.279><c> we've</c>

00:09:40.470 --> 00:09:40.480 align:start position:0%
into the proof of concept that we've
 

00:09:40.480 --> 00:09:44.150 align:start position:0%
into the proof of concept that we've
built<00:09:41.360><c> so</c><00:09:41.760><c> far</c><00:09:42.760><c> which</c><00:09:42.959><c> is</c><00:09:43.640><c> which</c><00:09:43.800><c> we'll</c>

00:09:44.150 --> 00:09:44.160 align:start position:0%
built so far which is which we'll
 

00:09:44.160 --> 00:09:46.150 align:start position:0%
built so far which is which we'll
publish<00:09:44.560><c> it's</c><00:09:44.880><c> still</c><00:09:45.120><c> in</c><00:09:45.440><c> testing</c><00:09:45.880><c> we'll</c>

00:09:46.150 --> 00:09:46.160 align:start position:0%
publish it's still in testing we'll
 

00:09:46.160 --> 00:09:50.430 align:start position:0%
publish it's still in testing we'll
publish<00:09:46.519><c> next</c><00:09:47.120><c> week</c><00:09:48.120><c> which</c><00:09:48.240><c> is</c><00:09:48.480><c> a</c><00:09:48.839><c> a</c><00:09:49.440><c> mutual</c>

00:09:50.430 --> 00:09:50.440 align:start position:0%
publish next week which is a a mutual
 

00:09:50.440 --> 00:09:52.230 align:start position:0%
publish next week which is a a mutual
it's<00:09:50.560><c> a</c><00:09:50.720><c> simulation</c><00:09:51.200><c> of</c><00:09:51.440><c> mutual</c><00:09:51.800><c> contract</c>

00:09:52.230 --> 00:09:52.240 align:start position:0%
it's a simulation of mutual contract
 

00:09:52.240 --> 00:09:54.990 align:start position:0%
it's a simulation of mutual contract
it's<00:09:52.360><c> a</c><00:09:52.480><c> betting</c><00:09:52.880><c> game</c><00:09:53.640><c> you</c><00:09:53.800><c> have</c><00:09:53.920><c> a</c><00:09:54.160><c> limited</c>

00:09:54.990 --> 00:09:55.000 align:start position:0%
it's a betting game you have a limited
 

00:09:55.000 --> 00:09:57.150 align:start position:0%
it's a betting game you have a limited
registration<00:09:55.640><c> period</c><00:09:56.079><c> and</c><00:09:56.560><c> you</c><00:09:56.800><c> pay</c><00:09:56.959><c> an</c>

00:09:57.150 --> 00:09:57.160 align:start position:0%
registration period and you pay an
 

00:09:57.160 --> 00:10:00.230 align:start position:0%
registration period and you pay an
initial<00:09:57.519><c> premium</c><00:09:58.519><c> you</c><00:09:58.680><c> join</c><00:09:59.000><c> the</c><00:09:59.680><c> you</c><00:09:59.839><c> join</c>

00:10:00.230 --> 00:10:00.240 align:start position:0%
initial premium you join the you join
 

00:10:00.240 --> 00:10:03.790 align:start position:0%
initial premium you join the you join
this<00:10:00.640><c> this</c><00:10:01.120><c> mutual</c><00:10:02.160><c> and</c><00:10:03.160><c> then</c><00:10:03.360><c> you</c><00:10:03.480><c> have</c><00:10:03.600><c> to</c>

00:10:03.790 --> 00:10:03.800 align:start position:0%
this this mutual and then you have to
 

00:10:03.800 --> 00:10:06.030 align:start position:0%
this this mutual and then you have to
pay<00:10:04.000><c> in</c><00:10:04.399><c> every</c><00:10:04.839><c> interval</c><00:10:05.279><c> so</c><00:10:05.440><c> for</c><00:10:05.600><c> example</c><00:10:05.920><c> you</c>

00:10:06.030 --> 00:10:06.040 align:start position:0%
pay in every interval so for example you
 

00:10:06.040 --> 00:10:09.110 align:start position:0%
pay in every interval so for example you
have<00:10:06.160><c> to</c><00:10:06.360><c> pay</c><00:10:06.640><c> five</c><00:10:06.959><c> ether</c><00:10:07.519><c> every</c><00:10:07.920><c> week</c><00:10:08.920><c> and</c>

00:10:09.110 --> 00:10:09.120 align:start position:0%
have to pay five ether every week and
 

00:10:09.120 --> 00:10:11.750 align:start position:0%
have to pay five ether every week and
once<00:10:09.360><c> you</c><00:10:09.560><c> stop</c><00:10:09.920><c> paying</c><00:10:10.519><c> you</c><00:10:10.680><c> get</c><00:10:11.079><c> your</c><00:10:11.320><c> payout</c>

00:10:11.750 --> 00:10:11.760 align:start position:0%
once you stop paying you get your payout
 

00:10:11.760 --> 00:10:13.750 align:start position:0%
once you stop paying you get your payout
so<00:10:12.360><c> you</c><00:10:12.480><c> know</c><00:10:12.640><c> it's</c><00:10:12.800><c> the</c><00:10:12.959><c> equivalent</c><00:10:13.360><c> of</c><00:10:13.519><c> dying</c>

00:10:13.750 --> 00:10:13.760 align:start position:0%
so you know it's the equivalent of dying
 

00:10:13.760 --> 00:10:16.030 align:start position:0%
so you know it's the equivalent of dying
in<00:10:13.880><c> a</c><00:10:14.040><c> life</c><00:10:14.200><c> insurance</c>

00:10:16.030 --> 00:10:16.040 align:start position:0%
in a life insurance
 

00:10:16.040 --> 00:10:18.710 align:start position:0%
in a life insurance
model<00:10:17.040><c> the</c><00:10:17.200><c> incentive</c><00:10:17.640><c> is</c><00:10:17.800><c> that</c><00:10:17.959><c> if</c><00:10:18.079><c> you</c><00:10:18.480><c> drop</c>

00:10:18.710 --> 00:10:18.720 align:start position:0%
model the incentive is that if you drop
 

00:10:18.720 --> 00:10:20.670 align:start position:0%
model the incentive is that if you drop
out<00:10:18.920><c> first</c><00:10:19.200><c> you</c><00:10:19.320><c> get</c><00:10:19.600><c> back</c><00:10:19.880><c> less</c><00:10:20.200><c> than</c><00:10:20.360><c> you've</c>

00:10:20.670 --> 00:10:20.680 align:start position:0%
out first you get back less than you've
 

00:10:20.680 --> 00:10:22.870 align:start position:0%
out first you get back less than you've
invested<00:10:21.680><c> the</c><00:10:21.800><c> longer</c><00:10:22.120><c> you</c><00:10:22.240><c> stay</c><00:10:22.480><c> in</c><00:10:22.640><c> and</c><00:10:22.800><c> the</c>

00:10:22.870 --> 00:10:22.880 align:start position:0%
invested the longer you stay in and the
 

00:10:22.880 --> 00:10:25.630 align:start position:0%
invested the longer you stay in and the
more<00:10:23.079><c> other</c><00:10:23.360><c> people</c><00:10:23.640><c> drop</c><00:10:23.920><c> out</c><00:10:24.600><c> the</c><00:10:24.720><c> more</c>

00:10:25.630 --> 00:10:25.640 align:start position:0%
more other people drop out the more
 

00:10:25.640 --> 00:10:27.030 align:start position:0%
more other people drop out the more
return<00:10:25.839><c> you</c><00:10:25.959><c> will</c><00:10:26.079><c> get</c><00:10:26.200><c> and</c><00:10:26.360><c> the</c><00:10:26.480><c> last</c><00:10:26.760><c> person</c>

00:10:27.030 --> 00:10:27.040 align:start position:0%
return you will get and the last person
 

00:10:27.040 --> 00:10:29.030 align:start position:0%
return you will get and the last person
will<00:10:27.279><c> receive</c><00:10:27.680><c> about</c><00:10:28.040><c> three</c><00:10:28.360><c> times</c><00:10:28.680><c> their</c>

00:10:29.030 --> 00:10:29.040 align:start position:0%
will receive about three times their
 

00:10:29.040 --> 00:10:31.230 align:start position:0%
will receive about three times their
original<00:10:29.320><c> original</c><00:10:30.079><c> investment</c><00:10:30.800><c> now</c><00:10:31.000><c> this</c><00:10:31.120><c> is</c>

00:10:31.230 --> 00:10:31.240 align:start position:0%
original original investment now this is
 

00:10:31.240 --> 00:10:35.230 align:start position:0%
original original investment now this is
to<00:10:31.560><c> simulate</c><00:10:32.680><c> interest</c><00:10:33.680><c> uh</c><00:10:33.800><c> interest</c>

00:10:35.230 --> 00:10:35.240 align:start position:0%
to simulate interest uh interest
 

00:10:35.240 --> 00:10:36.949 align:start position:0%
to simulate interest uh interest
accumulation

00:10:36.949 --> 00:10:36.959 align:start position:0%
accumulation
 

00:10:36.959 --> 00:10:38.990 align:start position:0%
accumulation
um<00:10:37.959><c> the</c>

00:10:38.990 --> 00:10:39.000 align:start position:0%
um the
 

00:10:39.000 --> 00:10:41.350 align:start position:0%
um the
first<00:10:40.000><c> the</c><00:10:40.120><c> first</c><00:10:40.320><c> learnings</c><00:10:40.760><c> we've</c><00:10:40.959><c> had</c><00:10:41.120><c> from</c>

00:10:41.350 --> 00:10:41.360 align:start position:0%
first the first learnings we've had from
 

00:10:41.360 --> 00:10:44.190 align:start position:0%
first the first learnings we've had from
this<00:10:41.560><c> is</c><00:10:42.120><c> machines</c><00:10:42.560><c> have</c><00:10:42.680><c> a</c><00:10:42.800><c> huge</c><00:10:43.200><c> Advantage</c>

00:10:44.190 --> 00:10:44.200 align:start position:0%
this is machines have a huge Advantage
 

00:10:44.200 --> 00:10:46.069 align:start position:0%
this is machines have a huge Advantage
with<00:10:44.399><c> this</c><00:10:44.600><c> so</c><00:10:44.800><c> if</c><00:10:44.920><c> you</c><00:10:45.040><c> have</c><00:10:45.120><c> a</c><00:10:45.360><c> script</c><00:10:45.880><c> that</c>

00:10:46.069 --> 00:10:46.079 align:start position:0%
with this so if you have a script that
 

00:10:46.079 --> 00:10:47.910 align:start position:0%
with this so if you have a script that
executes<00:10:46.560><c> the</c><00:10:46.680><c> transactions</c><00:10:47.240><c> regularly</c><00:10:47.760><c> that</c>

00:10:47.910 --> 00:10:47.920 align:start position:0%
executes the transactions regularly that
 

00:10:47.920 --> 00:10:50.230 align:start position:0%
executes the transactions regularly that
is<00:10:48.120><c> much</c><00:10:48.279><c> more</c><00:10:48.519><c> efficient</c><00:10:48.959><c> than</c><00:10:49.600><c> than</c><00:10:49.720><c> a</c><00:10:49.880><c> human</c>

00:10:50.230 --> 00:10:50.240 align:start position:0%
is much more efficient than than a human
 

00:10:50.240 --> 00:10:51.629 align:start position:0%
is much more efficient than than a human
which<00:10:50.399><c> might</c><00:10:50.560><c> seem</c><00:10:50.839><c> obvious</c><00:10:51.200><c> but</c><00:10:51.320><c> you</c><00:10:51.399><c> know</c><00:10:51.560><c> we</c>

00:10:51.629 --> 00:10:51.639 align:start position:0%
which might seem obvious but you know we
 

00:10:51.639 --> 00:10:53.990 align:start position:0%
which might seem obvious but you know we
are<00:10:51.800><c> recording</c><00:10:52.200><c> all</c><00:10:52.279><c> of</c><00:10:52.480><c> these</c><00:10:52.959><c> and</c><00:10:53.120><c> also</c><00:10:53.880><c> if</c>

00:10:53.990 --> 00:10:54.000 align:start position:0%
are recording all of these and also if
 

00:10:54.000 --> 00:10:56.350 align:start position:0%
are recording all of these and also if
you<00:10:54.160><c> run</c><00:10:54.360><c> out</c><00:10:54.519><c> of</c><00:10:54.680><c> money</c><00:10:55.040><c> you</c><00:10:55.160><c> are</c><00:10:55.399><c> basically</c>

00:10:56.350 --> 00:10:56.360 align:start position:0%
you run out of money you are basically
 

00:10:56.360 --> 00:10:59.670 align:start position:0%
you run out of money you are basically
dead<00:10:57.360><c> and</c><00:10:57.880><c> so</c><00:10:58.160><c> liquidity</c><00:10:58.800><c> always</c><00:10:59.320><c> wins</c><00:10:59.519><c> at</c>

00:10:59.670 --> 00:10:59.680 align:start position:0%
dead and so liquidity always wins at
 

00:10:59.680 --> 00:11:01.509 align:start position:0%
dead and so liquidity always wins at
this<00:10:59.880><c> game</c><00:11:00.600><c> the</c><00:11:00.760><c> next</c><00:11:00.920><c> step</c><00:11:01.160><c> is</c><00:11:01.240><c> we're</c><00:11:01.399><c> going</c>

00:11:01.509 --> 00:11:01.519 align:start position:0%
this game the next step is we're going
 

00:11:01.519 --> 00:11:04.430 align:start position:0%
this game the next step is we're going
to<00:11:01.720><c> publish</c><00:11:02.120><c> this</c><00:11:03.079><c> and</c><00:11:03.399><c> I</c><00:11:03.480><c> want</c><00:11:03.720><c> to</c><00:11:03.880><c> give</c><00:11:04.000><c> you</c><00:11:04.120><c> a</c>

00:11:04.430 --> 00:11:04.440 align:start position:0%
to publish this and I want to give you a
 

00:11:04.440 --> 00:11:06.509 align:start position:0%
to publish this and I want to give you a
demo<00:11:05.440><c> but</c><00:11:05.560><c> I</c><00:11:05.680><c> don't</c><00:11:05.839><c> think</c><00:11:05.959><c> I'll</c><00:11:06.120><c> have</c><00:11:06.279><c> enough</c>

00:11:06.509 --> 00:11:06.519 align:start position:0%
demo but I don't think I'll have enough
 

00:11:06.519 --> 00:11:07.509 align:start position:0%
demo but I don't think I'll have enough
time<00:11:06.760><c> I'll</c>

00:11:07.509 --> 00:11:07.519 align:start position:0%
time I'll
 

00:11:07.519 --> 00:11:09.829 align:start position:0%
time I'll
see<00:11:08.519><c> we'll</c><00:11:08.839><c> publish</c><00:11:09.200><c> this</c><00:11:09.360><c> and</c><00:11:09.480><c> you'll</c><00:11:09.720><c> be</c>

00:11:09.829 --> 00:11:09.839 align:start position:0%
see we'll publish this and you'll be
 

00:11:09.839 --> 00:11:12.990 align:start position:0%
see we'll publish this and you'll be
able<00:11:10.040><c> to</c><00:11:10.680><c> to</c><00:11:10.920><c> to</c><00:11:11.079><c> join</c><00:11:11.360><c> and</c><00:11:11.519><c> try</c><00:11:11.720><c> it</c><00:11:11.880><c> out</c><00:11:12.639><c> it</c><00:11:12.760><c> is</c>

00:11:12.990 --> 00:11:13.000 align:start position:0%
able to to to join and try it out it is
 

00:11:13.000 --> 00:11:14.190 align:start position:0%
able to to to join and try it out it is
initially<00:11:13.360><c> a</c><00:11:13.440><c> betting</c><00:11:13.760><c> game</c><00:11:13.920><c> but</c><00:11:14.040><c> we're</c>

00:11:14.190 --> 00:11:14.200 align:start position:0%
initially a betting game but we're
 

00:11:14.200 --> 00:11:16.949 align:start position:0%
initially a betting game but we're
trying<00:11:14.440><c> to</c><00:11:14.959><c> solve</c><00:11:15.959><c> Insurance</c><00:11:16.480><c> research</c>

00:11:16.949 --> 00:11:16.959 align:start position:0%
trying to solve Insurance research
 

00:11:16.959 --> 00:11:19.829 align:start position:0%
trying to solve Insurance research
questions<00:11:17.320><c> with</c><00:11:17.680><c> this</c><00:11:18.680><c> uh</c><00:11:18.920><c> we</c><00:11:19.560><c> we</c><00:11:19.639><c> will</c>

00:11:19.829 --> 00:11:19.839 align:start position:0%
questions with this uh we we will
 

00:11:19.839 --> 00:11:21.269 align:start position:0%
questions with this uh we we will
monitor<00:11:20.240><c> the</c><00:11:20.360><c> behavior</c><00:11:20.800><c> so</c><00:11:20.959><c> this</c><00:11:21.079><c> is</c>

00:11:21.269 --> 00:11:21.279 align:start position:0%
monitor the behavior so this is
 

00:11:21.279 --> 00:11:23.310 align:start position:0%
monitor the behavior so this is
interesting<00:11:21.839><c> to</c><00:11:22.000><c> see</c><00:11:22.320><c> when</c><00:11:22.480><c> do</c><00:11:22.639><c> people</c><00:11:22.880><c> engage</c>

00:11:23.310 --> 00:11:23.320 align:start position:0%
interesting to see when do people engage
 

00:11:23.320 --> 00:11:25.350 align:start position:0%
interesting to see when do people engage
and<00:11:23.480><c> when</c><00:11:23.600><c> do</c><00:11:23.720><c> they</c><00:11:23.880><c> drop</c>

00:11:25.350 --> 00:11:25.360 align:start position:0%
and when do they drop
 

00:11:25.360 --> 00:11:28.629 align:start position:0%
and when do they drop
out<00:11:26.360><c> we</c><00:11:27.079><c> are</c><00:11:27.360><c> starting</c><00:11:27.720><c> to</c><00:11:27.920><c> engage</c><00:11:28.240><c> with</c>

00:11:28.629 --> 00:11:28.639 align:start position:0%
out we are starting to engage with
 

00:11:28.639 --> 00:11:30.069 align:start position:0%
out we are starting to engage with
insurance<00:11:29.320><c> companies</c><00:11:29.600><c> and</c><00:11:29.760><c> we've</c><00:11:29.920><c> been</c>

00:11:30.069 --> 00:11:30.079 align:start position:0%
insurance companies and we've been
 

00:11:30.079 --> 00:11:32.470 align:start position:0%
insurance companies and we've been
speaking<00:11:30.360><c> to</c><00:11:30.560><c> a</c><00:11:30.680><c> few</c><00:11:31.320><c> insurance</c><00:11:31.760><c> companies</c><00:11:32.200><c> to</c>

00:11:32.470 --> 00:11:32.480 align:start position:0%
speaking to a few insurance companies to
 

00:11:32.480 --> 00:11:34.030 align:start position:0%
speaking to a few insurance companies to
improve<00:11:32.880><c> models</c><00:11:33.240><c> and</c><00:11:33.360><c> to</c><00:11:33.480><c> see</c><00:11:33.720><c> where</c><00:11:33.920><c> this</c>

00:11:34.030 --> 00:11:34.040 align:start position:0%
improve models and to see where this
 

00:11:34.040 --> 00:11:34.790 align:start position:0%
improve models and to see where this
could

00:11:34.790 --> 00:11:34.800 align:start position:0%
could
 

00:11:34.800 --> 00:11:37.550 align:start position:0%
could
lead<00:11:35.800><c> and</c><00:11:36.040><c> ultimately</c><00:11:36.560><c> we</c><00:11:36.680><c> will</c><00:11:36.920><c> iterate</c><00:11:37.399><c> on</c>

00:11:37.550 --> 00:11:37.560 align:start position:0%
lead and ultimately we will iterate on
 

00:11:37.560 --> 00:11:39.150 align:start position:0%
lead and ultimately we will iterate on
this<00:11:37.680><c> so</c><00:11:37.839><c> this</c><00:11:37.959><c> is</c><00:11:38.079><c> the</c><00:11:38.360><c> first</c><00:11:38.680><c> research</c>

00:11:39.150 --> 00:11:39.160 align:start position:0%
this so this is the first research
 

00:11:39.160 --> 00:11:41.310 align:start position:0%
this so this is the first research
question<00:11:39.760><c> we</c><00:11:39.880><c> will</c><00:11:40.560><c> you</c><00:11:40.680><c> know</c><00:11:40.839><c> we</c><00:11:40.920><c> will</c><00:11:41.079><c> finish</c>

00:11:41.310 --> 00:11:41.320 align:start position:0%
question we will you know we will finish
 

00:11:41.320 --> 00:11:42.990 align:start position:0%
question we will you know we will finish
the<00:11:41.480><c> paper</c><00:11:41.760><c> around</c><00:11:42.040><c> it</c><00:11:42.240><c> and</c><00:11:42.360><c> we</c><00:11:42.480><c> will</c><00:11:42.639><c> move</c><00:11:42.839><c> on</c>

00:11:42.990 --> 00:11:43.000 align:start position:0%
the paper around it and we will move on
 

00:11:43.000 --> 00:11:45.269 align:start position:0%
the paper around it and we will move on
to<00:11:43.200><c> different</c><00:11:43.480><c> research</c>

00:11:45.269 --> 00:11:45.279 align:start position:0%
to different research
 

00:11:45.279 --> 00:11:48.069 align:start position:0%
to different research
questions<00:11:46.279><c> now</c><00:11:46.720><c> if</c><00:11:47.000><c> you</c><00:11:47.200><c> are</c><00:11:47.440><c> interested</c><00:11:47.920><c> in</c>

00:11:48.069 --> 00:11:48.079 align:start position:0%
questions now if you are interested in
 

00:11:48.079 --> 00:11:50.430 align:start position:0%
questions now if you are interested in
joining<00:11:48.519><c> when</c><00:11:48.680><c> we</c><00:11:49.000><c> publish</c><00:11:49.800><c> when</c><00:11:49.920><c> we</c><00:11:50.120><c> publish</c>

00:11:50.430 --> 00:11:50.440 align:start position:0%
joining when we publish when we publish
 

00:11:50.440 --> 00:11:52.550 align:start position:0%
joining when we publish when we publish
the<00:11:50.560><c> contract</c><00:11:51.000><c> and</c><00:11:51.160><c> we</c><00:11:51.320><c> publish</c><00:11:51.600><c> the</c><00:11:51.720><c> proof</c><00:11:51.959><c> of</c>

00:11:52.550 --> 00:11:52.560 align:start position:0%
the contract and we publish the proof of
 

00:11:52.560 --> 00:11:54.670 align:start position:0%
the contract and we publish the proof of
concept<00:11:53.560><c> go</c><00:11:53.800><c> there</c><00:11:54.000><c> leave</c><00:11:54.160><c> your</c><00:11:54.360><c> email</c>

00:11:54.670 --> 00:11:54.680 align:start position:0%
concept go there leave your email
 

00:11:54.680 --> 00:11:56.829 align:start position:0%
concept go there leave your email
address<00:11:54.959><c> we'll</c><00:11:55.160><c> add</c><00:11:55.320><c> you</c><00:11:55.399><c> to</c><00:11:55.560><c> slack</c><00:11:55.880><c> Channel</c>

00:11:56.829 --> 00:11:56.839 align:start position:0%
address we'll add you to slack Channel
 

00:11:56.839 --> 00:11:58.430 align:start position:0%
address we'll add you to slack Channel
and<00:11:56.959><c> if</c><00:11:57.040><c> you're</c><00:11:57.279><c> interested</c><00:11:57.720><c> in</c><00:11:57.839><c> the</c><00:11:58.040><c> topic</c><00:11:58.279><c> in</c>

00:11:58.430 --> 00:11:58.440 align:start position:0%
and if you're interested in the topic in
 

00:11:58.440 --> 00:12:01.790 align:start position:0%
and if you're interested in the topic in
general<00:11:59.560><c> go</c><00:11:59.880><c> there</c><00:12:00.480><c> join</c><00:12:00.760><c> us</c><00:12:01.320><c> and</c><00:12:01.519><c> we</c><00:12:01.639><c> will</c>

00:12:01.790 --> 00:12:01.800 align:start position:0%
general go there join us and we will
 

00:12:01.800 --> 00:12:04.230 align:start position:0%
general go there join us and we will
keep<00:12:01.959><c> you</c><00:12:02.120><c> informed</c><00:12:02.560><c> and</c><00:12:03.480><c> as</c><00:12:03.639><c> involved</c><00:12:04.040><c> as</c><00:12:04.120><c> you</c>

00:12:04.230 --> 00:12:04.240 align:start position:0%
keep you informed and as involved as you
 

00:12:04.240 --> 00:12:09.069 align:start position:0%
keep you informed and as involved as you
would<00:12:04.399><c> like</c><00:12:04.519><c> to</c><00:12:05.120><c> be</c><00:12:06.120><c> now</c><00:12:06.279><c> I</c><00:12:06.440><c> had</c><00:12:06.720><c> to</c><00:12:07.720><c> update</c>

00:12:09.069 --> 00:12:09.079 align:start position:0%
would like to be now I had to update
 

00:12:09.079 --> 00:12:11.910 align:start position:0%
would like to be now I had to update
my<00:12:10.079><c> I</c><00:12:10.160><c> had</c><00:12:10.279><c> to</c><00:12:10.399><c> restart</c><00:12:10.760><c> my</c><00:12:10.880><c> computer</c><00:12:11.200><c> so</c><00:12:11.639><c> the</c>

00:12:11.910 --> 00:12:11.920 align:start position:0%
my I had to restart my computer so the
 

00:12:11.920 --> 00:12:14.310 align:start position:0%
my I had to restart my computer so the
test<00:12:12.160><c> environment</c><00:12:12.560><c> is</c><00:12:12.680><c> not</c>

00:12:14.310 --> 00:12:14.320 align:start position:0%
test environment is not
 

00:12:14.320 --> 00:12:26.509 align:start position:0%
test environment is not
running<00:12:15.320><c> if</c><00:12:15.440><c> you</c><00:12:15.639><c> bear</c><00:12:15.920><c> with</c><00:12:16.040><c> me</c><00:12:16.279><c> for</c><00:12:16.480><c> a</c>

00:12:26.509 --> 00:12:26.519 align:start position:0%
 
 

00:12:26.519 --> 00:12:29.949 align:start position:0%
 
second<00:12:27.519><c> right</c>

00:12:29.949 --> 00:12:29.959 align:start position:0%
second right
 

00:12:29.959 --> 00:12:32.310 align:start position:0%
second right
I<00:12:30.160><c> I</c><00:12:30.240><c> don't</c><00:12:30.760><c> I</c><00:12:30.839><c> will</c><00:12:30.959><c> not</c><00:12:31.120><c> have</c><00:12:31.320><c> enough</c><00:12:31.560><c> time</c><00:12:31.800><c> to</c>

00:12:32.310 --> 00:12:32.320 align:start position:0%
I I don't I will not have enough time to
 

00:12:32.320 --> 00:12:34.910 align:start position:0%
I I don't I will not have enough time to
to<00:12:32.639><c> run</c><00:12:32.880><c> the</c><00:12:33.000><c> demo</c><00:12:33.639><c> unfortunately</c><00:12:34.639><c> but</c><00:12:34.800><c> if</c>

00:12:34.910 --> 00:12:34.920 align:start position:0%
to run the demo unfortunately but if
 

00:12:34.920 --> 00:12:37.230 align:start position:0%
to run the demo unfortunately but if
you're<00:12:35.120><c> interested</c><00:12:35.519><c> in</c><00:12:35.639><c> seeing</c><00:12:35.959><c> the</c><00:12:36.120><c> demo</c><00:12:36.920><c> uh</c>

00:12:37.230 --> 00:12:37.240 align:start position:0%
you're interested in seeing the demo uh
 

00:12:37.240 --> 00:12:38.590 align:start position:0%
you're interested in seeing the demo uh
come<00:12:37.480><c> speak</c><00:12:37.720><c> to</c><00:12:37.839><c> me</c>

00:12:38.590 --> 00:12:38.600 align:start position:0%
come speak to me
 

00:12:38.600 --> 00:12:41.150 align:start position:0%
come speak to me
afterwards<00:12:39.600><c> follow</c><00:12:40.000><c> us</c>

00:12:41.150 --> 00:12:41.160 align:start position:0%
afterwards follow us
 

00:12:41.160 --> 00:12:43.310 align:start position:0%
afterwards follow us
on<00:12:42.160><c> follow</c><00:12:42.480><c> us</c><00:12:42.600><c> on</c>

00:12:43.310 --> 00:12:43.320 align:start position:0%
on follow us on
 

00:12:43.320 --> 00:12:45.590 align:start position:0%
on follow us on
Twitter<00:12:44.320><c> and</c><00:12:44.720><c> email</c><00:12:45.079><c> us</c><00:12:45.279><c> if</c><00:12:45.399><c> you're</c>

00:12:45.590 --> 00:12:45.600 align:start position:0%
Twitter and email us if you're
 

00:12:45.600 --> 00:12:48.550 align:start position:0%
Twitter and email us if you're
interested<00:12:45.959><c> in</c><00:12:46.160><c> any</c><00:12:46.360><c> of</c><00:12:46.959><c> this</c><00:12:47.959><c> and</c><00:12:48.160><c> yeah</c><00:12:48.320><c> find</c>

00:12:48.550 --> 00:12:48.560 align:start position:0%
interested in any of this and yeah find
 

00:12:48.560 --> 00:12:50.629 align:start position:0%
interested in any of this and yeah find
me<00:12:48.760><c> find</c><00:12:48.959><c> me</c><00:12:49.160><c> afterwards</c><00:12:49.839><c> and</c><00:12:49.959><c> I'll</c><00:12:50.160><c> show</c><00:12:50.360><c> you</c>

00:12:50.629 --> 00:12:50.639 align:start position:0%
me find me afterwards and I'll show you
 

00:12:50.639 --> 00:12:52.470 align:start position:0%
me find me afterwards and I'll show you
the<00:12:50.880><c> the</c><00:12:51.000><c> demo</c><00:12:51.320><c> and</c><00:12:51.440><c> I'll</c><00:12:51.680><c> show</c><00:12:51.880><c> you</c><00:12:52.160><c> how</c><00:12:52.320><c> you</c>

00:12:52.470 --> 00:12:52.480 align:start position:0%
the the demo and I'll show you how you
 

00:12:52.480 --> 00:12:55.189 align:start position:0%
the the demo and I'll show you how you
can<00:12:52.839><c> how</c><00:12:52.959><c> you</c><00:12:53.079><c> can</c><00:12:53.279><c> interact</c><00:12:53.680><c> with</c><00:12:54.079><c> it</c><00:12:55.079><c> thank</c>

00:12:55.189 --> 00:12:55.199 align:start position:0%
can how you can interact with it thank
 

00:12:55.199 --> 00:12:56.310 align:start position:0%
can how you can interact with it thank
you<00:12:55.320><c> very</c><00:12:55.480><c> much</c><00:12:55.680><c> and</c><00:12:55.800><c> if</c><00:12:55.880><c> there</c><00:12:55.959><c> are</c><00:12:56.079><c> any</c>

00:12:56.310 --> 00:12:56.320 align:start position:0%
you very much and if there are any
 

00:12:56.320 --> 00:13:03.150 align:start position:0%
you very much and if there are any
questions

00:13:03.150 --> 00:13:03.160 align:start position:0%
 
 

00:13:03.160 --> 00:13:07.590 align:start position:0%
 
AB<00:13:04.160><c> uh</c><00:13:04.360><c> yep</c><00:13:04.800><c> we</c><00:13:04.920><c> have</c><00:13:05.040><c> time</c><00:13:05.160><c> for</c><00:13:05.279><c> a</c><00:13:05.360><c> couple</c>

00:13:07.590 --> 00:13:07.600 align:start position:0%
AB uh yep we have time for a couple
 

00:13:07.600 --> 00:13:10.750 align:start position:0%
AB uh yep we have time for a couple
questions<00:13:08.600><c> um</c><00:13:09.079><c> there's</c><00:13:09.320><c> one</c><00:13:09.519><c> thing</c><00:13:09.800><c> in</c><00:13:10.279><c> in</c>

00:13:10.750 --> 00:13:10.760 align:start position:0%
questions um there's one thing in in
 

00:13:10.760 --> 00:13:15.430 align:start position:0%
questions um there's one thing in in
insur<00:13:11.440><c> that</c><00:13:11.600><c> I'm</c><00:13:11.839><c> not</c><00:13:12.040><c> sure</c><00:13:12.519><c> that</c><00:13:13.519><c> um</c><00:13:14.519><c> at</c><00:13:14.639><c> least</c>

00:13:15.430 --> 00:13:15.440 align:start position:0%
insur that I'm not sure that um at least
 

00:13:15.440 --> 00:13:18.509 align:start position:0%
insur that I'm not sure that um at least
native<00:13:15.800><c> cryptocurrencies</c><00:13:16.600><c> are</c><00:13:16.959><c> are</c><00:13:17.160><c> good</c><00:13:17.519><c> for</c>

00:13:18.509 --> 00:13:18.519 align:start position:0%
native cryptocurrencies are are good for
 

00:13:18.519 --> 00:13:21.750 align:start position:0%
native cryptocurrencies are are good for
it's<00:13:19.440><c> um</c><00:13:20.040><c> so</c><00:13:20.279><c> so</c><00:13:20.480><c> comp</c><00:13:20.880><c> insurance</c><00:13:21.320><c> companies</c>

00:13:21.750 --> 00:13:21.760 align:start position:0%
it's um so so comp insurance companies
 

00:13:21.760 --> 00:13:23.590 align:start position:0%
it's um so so comp insurance companies
they<00:13:21.920><c> basically</c><00:13:22.519><c> they</c><00:13:22.639><c> don't</c><00:13:22.880><c> have</c><00:13:23.000><c> the</c><00:13:23.199><c> money</c>

00:13:23.590 --> 00:13:23.600 align:start position:0%
they basically they don't have the money
 

00:13:23.600 --> 00:13:26.750 align:start position:0%
they basically they don't have the money
to<00:13:24.320><c> uh</c><00:13:24.399><c> to</c><00:13:24.600><c> cover</c><00:13:24.839><c> all</c><00:13:25.040><c> claims</c><00:13:25.959><c> so</c><00:13:26.240><c> they</c><00:13:26.440><c> rely</c>

00:13:26.750 --> 00:13:26.760 align:start position:0%
to uh to cover all claims so they rely
 

00:13:26.760 --> 00:13:29.550 align:start position:0%
to uh to cover all claims so they rely
on<00:13:27.040><c> facts</c><00:13:27.720><c> a</c><00:13:27.839><c> bit</c><00:13:28.040><c> like</c><00:13:28.399><c> Banks</c><00:13:28.920><c> they</c><00:13:29.279><c> relying</c>

00:13:29.550 --> 00:13:29.560 align:start position:0%
on facts a bit like Banks they relying
 

00:13:29.560 --> 00:13:32.509 align:start position:0%
on facts a bit like Banks they relying
on<00:13:29.680><c> the</c><00:13:29.760><c> fact</c><00:13:29.959><c> that</c><00:13:30.120><c> no</c><00:13:30.279><c> old</c><00:13:30.600><c> claims</c><00:13:31.040><c> will</c><00:13:31.519><c> be</c>

00:13:32.509 --> 00:13:32.519 align:start position:0%
on the fact that no old claims will be
 

00:13:32.519 --> 00:13:34.829 align:start position:0%
on the fact that no old claims will be
um<00:13:33.240><c> yeah</c><00:13:33.720><c> I</c><00:13:33.800><c> mean</c><00:13:33.959><c> will</c><00:13:34.120><c> be</c><00:13:34.240><c> processed</c><00:13:34.639><c> at</c><00:13:34.720><c> the</c>

00:13:34.829 --> 00:13:34.839 align:start position:0%
um yeah I mean will be processed at the
 

00:13:34.839 --> 00:13:38.470 align:start position:0%
um yeah I mean will be processed at the
same<00:13:35.079><c> time</c><00:13:36.040><c> um</c><00:13:36.199><c> so</c><00:13:36.440><c> isn't</c><00:13:36.720><c> that</c><00:13:37.320><c> weakness</c><00:13:38.320><c> if</c>

00:13:38.470 --> 00:13:38.480 align:start position:0%
same time um so isn't that weakness if
 

00:13:38.480 --> 00:13:40.150 align:start position:0%
same time um so isn't that weakness if
you<00:13:38.680><c> would</c><00:13:39.279><c> have</c>

00:13:40.150 --> 00:13:40.160 align:start position:0%
you would have
 

00:13:40.160 --> 00:13:45.150 align:start position:0%
you would have
insurances<00:13:41.639><c> uh</c><00:13:42.639><c> in</c><00:13:42.880><c> in</c><00:13:43.160><c> crypto</c><00:13:43.800><c> native</c>

00:13:45.150 --> 00:13:45.160 align:start position:0%
insurances uh in in crypto native
 

00:13:45.160 --> 00:13:48.230 align:start position:0%
insurances uh in in crypto native
crypto<00:13:46.160><c> this</c><00:13:46.320><c> is</c><00:13:46.600><c> this</c><00:13:46.760><c> is</c><00:13:47.000><c> actually</c><00:13:47.880><c> uh</c><00:13:48.120><c> this</c>

00:13:48.230 --> 00:13:48.240 align:start position:0%
crypto this is this is actually uh this
 

00:13:48.240 --> 00:13:50.310 align:start position:0%
crypto this is this is actually uh this
is<00:13:48.320><c> a</c><00:13:48.480><c> very</c><00:13:48.720><c> complicated</c><00:13:49.320><c> problem</c><00:13:49.560><c> so</c><00:13:49.920><c> in</c><00:13:50.199><c> if</c>

00:13:50.310 --> 00:13:50.320 align:start position:0%
is a very complicated problem so in if
 

00:13:50.320 --> 00:13:52.870 align:start position:0%
is a very complicated problem so in if
you've<00:13:50.560><c> got</c><00:13:50.680><c> a</c><00:13:50.839><c> Marketplace</c><00:13:51.480><c> and</c><00:13:51.639><c> you</c><00:13:51.800><c> have</c><00:13:51.959><c> to</c>

00:13:52.870 --> 00:13:52.880 align:start position:0%
you've got a Marketplace and you have to
 

00:13:52.880 --> 00:13:55.150 align:start position:0%
you've got a Marketplace and you have to
you<00:13:53.120><c> have</c><00:13:53.320><c> to</c><00:13:54.000><c> provide</c><00:13:54.360><c> full</c><00:13:54.639><c> coverage</c><00:13:55.000><c> for</c>

00:13:55.150 --> 00:13:55.160 align:start position:0%
you have to provide full coverage for
 

00:13:55.160 --> 00:13:56.949 align:start position:0%
you have to provide full coverage for
all<00:13:55.360><c> policies</c><00:13:55.720><c> taken</c><00:13:56.000><c> out</c><00:13:56.199><c> it</c><00:13:56.360><c> becomes</c><00:13:56.720><c> very</c>

00:13:56.949 --> 00:13:56.959 align:start position:0%
all policies taken out it becomes very
 

00:13:56.959 --> 00:13:57.749 align:start position:0%
all policies taken out it becomes very
very

00:13:57.749 --> 00:13:57.759 align:start position:0%
very
 

00:13:57.759 --> 00:13:59.990 align:start position:0%
very
inefficient<00:13:58.759><c> now</c>

00:13:59.990 --> 00:14:00.000 align:start position:0%
inefficient now
 

00:14:00.000 --> 00:14:02.310 align:start position:0%
inefficient now
theoretically<00:14:01.000><c> right</c><00:14:01.199><c> now</c><00:14:01.600><c> you're</c><00:14:01.880><c> taking</c><00:14:02.160><c> a</c>

00:14:02.310 --> 00:14:02.320 align:start position:0%
theoretically right now you're taking a
 

00:14:02.320 --> 00:14:04.310 align:start position:0%
theoretically right now you're taking a
bet<00:14:02.839><c> that</c><00:14:03.000><c> your</c><00:14:03.199><c> insurance</c><00:14:03.639><c> will</c><00:14:03.839><c> be</c><00:14:03.959><c> able</c><00:14:04.160><c> to</c>

00:14:04.310 --> 00:14:04.320 align:start position:0%
bet that your insurance will be able to
 

00:14:04.320 --> 00:14:07.470 align:start position:0%
bet that your insurance will be able to
pay<00:14:04.560><c> you</c><00:14:05.320><c> and</c><00:14:05.680><c> if</c><00:14:06.399><c> theoretically</c><00:14:07.079><c> if</c><00:14:07.320><c> a</c>

00:14:07.470 --> 00:14:07.480 align:start position:0%
pay you and if theoretically if a
 

00:14:07.480 --> 00:14:09.230 align:start position:0%
pay you and if theoretically if a
decentralized<00:14:08.079><c> autonomous</c><00:14:08.560><c> organization</c>

00:14:09.230 --> 00:14:09.240 align:start position:0%
decentralized autonomous organization
 

00:14:09.240 --> 00:14:10.949 align:start position:0%
decentralized autonomous organization
becomes<00:14:09.880><c> big</c><00:14:10.160><c> enough</c><00:14:10.360><c> and</c><00:14:10.519><c> has</c><00:14:10.720><c> enough</c>

00:14:10.949 --> 00:14:10.959 align:start position:0%
becomes big enough and has enough
 

00:14:10.959 --> 00:14:13.990 align:start position:0%
becomes big enough and has enough
liquidity<00:14:11.920><c> and</c><00:14:12.079><c> has</c><00:14:12.240><c> spread</c><00:14:12.600><c> the</c><00:14:12.800><c> risk</c><00:14:13.639><c> far</c>

00:14:13.990 --> 00:14:14.000 align:start position:0%
liquidity and has spread the risk far
 

00:14:14.000 --> 00:14:16.550 align:start position:0%
liquidity and has spread the risk far
enough<00:14:14.600><c> it's</c><00:14:14.759><c> a</c><00:14:15.199><c> it</c><00:14:15.440><c> it</c><00:14:15.639><c> could</c><00:14:15.920><c> approximate</c><00:14:16.440><c> to</c>

00:14:16.550 --> 00:14:16.560 align:start position:0%
enough it's a it it could approximate to
 

00:14:16.560 --> 00:14:19.629 align:start position:0%
enough it's a it it could approximate to
a<00:14:16.680><c> similar</c><00:14:17.040><c> bet</c><00:14:17.279><c> so</c><00:14:17.440><c> you</c><00:14:17.560><c> could</c><00:14:18.040><c> go</c><00:14:19.040><c> you</c><00:14:19.199><c> know</c>

00:14:19.629 --> 00:14:19.639 align:start position:0%
a similar bet so you could go you know
 

00:14:19.639 --> 00:14:21.870 align:start position:0%
a similar bet so you could go you know
I'm<00:14:19.920><c> I'm</c><00:14:20.120><c> betting</c><00:14:20.519><c> that</c><00:14:20.720><c> this</c><00:14:20.880><c> is</c><00:14:21.440><c> that</c><00:14:21.720><c> it's</c>

00:14:21.870 --> 00:14:21.880 align:start position:0%
I'm I'm betting that this is that it's
 

00:14:21.880 --> 00:14:22.949 align:start position:0%
I'm I'm betting that this is that it's
going<00:14:22.040><c> to</c><00:14:22.160><c> be</c><00:14:22.279><c> all</c><00:14:22.399><c> right</c><00:14:22.519><c> and</c><00:14:22.639><c> they're</c><00:14:22.800><c> going</c>

00:14:22.949 --> 00:14:22.959 align:start position:0%
going to be all right and they're going
 

00:14:22.959 --> 00:14:25.269 align:start position:0%
going to be all right and they're going
to<00:14:23.120><c> be</c><00:14:23.240><c> able</c><00:14:23.399><c> to</c><00:14:23.560><c> pay</c><00:14:23.720><c> me</c><00:14:24.720><c> it</c><00:14:24.800><c> is</c><00:14:24.920><c> a</c><00:14:25.079><c> very</c>

00:14:25.269 --> 00:14:25.279 align:start position:0%
to be able to pay me it is a very
 

00:14:25.279 --> 00:14:28.430 align:start position:0%
to be able to pay me it is a very
complex<00:14:25.720><c> problem</c><00:14:26.040><c> and</c><00:14:26.839><c> and</c><00:14:27.839><c> I</c><00:14:27.959><c> think</c><00:14:28.120><c> you</c><00:14:28.240><c> know</c>

00:14:28.430 --> 00:14:28.440 align:start position:0%
complex problem and and I think you know
 

00:14:28.440 --> 00:14:29.790 align:start position:0%
complex problem and and I think you know
it's<00:14:28.639><c> it's</c><00:14:28.759><c> going</c><00:14:28.920><c> to</c><00:14:29.199><c> take</c><00:14:29.360><c> some</c><00:14:29.519><c> time</c><00:14:29.639><c> to</c>

00:14:29.790 --> 00:14:29.800 align:start position:0%
it's it's going to take some time to
 

00:14:29.800 --> 00:14:31.870 align:start position:0%
it's it's going to take some time to
come<00:14:29.959><c> up</c><00:14:30.120><c> with</c><00:14:30.279><c> the</c><00:14:30.680><c> with</c><00:14:30.800><c> the</c><00:14:30.959><c> solution</c><00:14:31.639><c> and</c>

00:14:31.870 --> 00:14:31.880 align:start position:0%
come up with the with the solution and
 

00:14:31.880 --> 00:14:34.870 align:start position:0%
come up with the with the solution and
also<00:14:32.639><c> this</c><00:14:32.839><c> technology</c><00:14:33.399><c> doesn't</c><00:14:33.839><c> solve</c><00:14:34.240><c> all</c>

00:14:34.870 --> 00:14:34.880 align:start position:0%
also this technology doesn't solve all
 

00:14:34.880 --> 00:14:38.110 align:start position:0%
also this technology doesn't solve all
problems<00:14:35.880><c> uh</c><00:14:36.120><c> at</c><00:14:36.279><c> all</c><00:14:37.040><c> it's</c><00:14:37.399><c> it's</c><00:14:37.639><c> very</c><00:14:37.880><c> well</c>

00:14:38.110 --> 00:14:38.120 align:start position:0%
problems uh at all it's it's very well
 

00:14:38.120 --> 00:14:41.749 align:start position:0%
problems uh at all it's it's very well
fit<00:14:38.360><c> for</c><00:14:39.000><c> certain</c><00:14:40.000><c> subset</c><00:14:40.959><c> and</c><00:14:41.079><c> it</c><00:14:41.320><c> might</c><00:14:41.600><c> that</c>

00:14:41.749 --> 00:14:41.759 align:start position:0%
fit for certain subset and it might that
 

00:14:41.759 --> 00:14:43.790 align:start position:0%
fit for certain subset and it might that
might<00:14:42.000><c> expand</c><00:14:42.800><c> but</c><00:14:42.959><c> for</c><00:14:43.120><c> the</c><00:14:43.240><c> moment</c><00:14:43.519><c> this</c><00:14:43.639><c> is</c>

00:14:43.790 --> 00:14:43.800 align:start position:0%
might expand but for the moment this is
 

00:14:43.800 --> 00:14:45.350 align:start position:0%
might expand but for the moment this is
one<00:14:43.920><c> of</c><00:14:44.079><c> the</c><00:14:44.320><c> problems</c><00:14:44.759><c> that</c><00:14:45.000><c> that</c><00:14:45.120><c> doesn't</c>

00:14:45.350 --> 00:14:45.360 align:start position:0%
one of the problems that that doesn't
 

00:14:45.360 --> 00:14:48.189 align:start position:0%
one of the problems that that doesn't
really<00:14:45.560><c> work</c><00:14:46.079><c> also</c><00:14:46.920><c> funds</c><00:14:47.320><c> are</c><00:14:47.560><c> tied</c><00:14:47.880><c> up</c><00:14:48.079><c> so</c>

00:14:48.189 --> 00:14:48.199 align:start position:0%
really work also funds are tied up so
 

00:14:48.199 --> 00:14:50.749 align:start position:0%
really work also funds are tied up so
you<00:14:48.360><c> can't</c><00:14:48.560><c> go</c><00:14:48.720><c> and</c><00:14:48.880><c> invest</c><00:14:49.279><c> them</c><00:14:50.160><c> and</c><00:14:50.320><c> get</c><00:14:50.440><c> a</c>

00:14:50.749 --> 00:14:50.759 align:start position:0%
you can't go and invest them and get a
 

00:14:50.759 --> 00:14:52.389 align:start position:0%
you can't go and invest them and get a
return<00:14:51.240><c> So</c><00:14:51.560><c> at</c><00:14:51.639><c> the</c><00:14:51.759><c> moment</c><00:14:52.000><c> it's</c><00:14:52.199><c> really</c>

00:14:52.389 --> 00:14:52.399 align:start position:0%
return So at the moment it's really
 

00:14:52.399 --> 00:14:55.870 align:start position:0%
return So at the moment it's really
interesting<00:14:52.839><c> for</c><00:14:53.440><c> for</c><00:14:53.720><c> mutuals</c><00:14:54.279><c> for</c><00:14:54.440><c> Mutual</c>

00:14:55.870 --> 00:14:55.880 align:start position:0%
interesting for for mutuals for Mutual
 

00:14:55.880 --> 00:15:00.389 align:start position:0%
interesting for for mutuals for Mutual
schemes<00:14:56.880><c> any</c><00:14:57.079><c> other</c><00:14:57.320><c> questions</c>

00:15:00.389 --> 00:15:00.399 align:start position:0%
 
 

00:15:00.399 --> 00:15:06.760 align:start position:0%
 
great<00:15:01.160><c> thank</c><00:15:01.360><c> you</c><00:15:01.639><c> well</c><00:15:01.800><c> thank</c><00:15:01.920><c> you</c><00:15:02.040><c> very</c><00:15:02.240><c> much</c>

00:15:06.760 --> 00:15:06.770 align:start position:0%
 
 

00:15:06.770 --> 00:15:14.079 align:start position:0%
 
[Music]