WEBVTT Kind: captions Language: en 00:00:17.720 --> 00:00:21.919 align:start position:0% okay<00:00:19.099> so<00:00:20.099> and<00:00:20.399> for<00:00:21.060> those<00:00:21.210> who<00:00:21.419> don't<00:00:21.599> know<00:00:21.689> me 00:00:21.919 --> 00:00:21.929 align:start position:0% okay so and for those who don't know me 00:00:21.929 --> 00:00:25.399 align:start position:0% okay so and for those who don't know me I'm<00:00:22.319> Christoph<00:00:22.739> yenge<00:00:23.009> I'm<00:00:23.849> working<00:00:24.449> actually 00:00:25.399 --> 00:00:25.409 align:start position:0% I'm Christoph yenge I'm working actually 00:00:25.409 --> 00:00:27.290 align:start position:0% I'm Christoph yenge I'm working actually I'm<00:00:25.710> a<00:00:25.739> theoretical<00:00:26.099> physicist<00:00:26.819> that's<00:00:27.149> my 00:00:27.290 --> 00:00:27.300 align:start position:0% I'm a theoretical physicist that's my 00:00:27.300 --> 00:00:30.379 align:start position:0% I'm a theoretical physicist that's my background<00:00:27.539> but<00:00:28.529> I'm<00:00:28.679> working<00:00:28.979> for<00:00:29.159> the<00:00:29.389> C++ 00:00:30.379 --> 00:00:30.389 align:start position:0% background but I'm working for the C++ 00:00:30.389 --> 00:00:33.709 align:start position:0% background but I'm working for the C++ team<00:00:30.689> the<00:00:30.960> etherium<00:00:31.380> and<00:00:32.480> working<00:00:33.480> on<00:00:33.600> the 00:00:33.709 --> 00:00:33.719 align:start position:0% team the etherium and working on the 00:00:33.719 --> 00:00:36.169 align:start position:0% team the etherium and working on the tests<00:00:34.140> so<00:00:34.590> all<00:00:34.739> the<00:00:34.949> clients<00:00:35.550> use<00:00:35.699> my<00:00:35.910> tests 00:00:36.169 --> 00:00:36.179 align:start position:0% tests so all the clients use my tests 00:00:36.179 --> 00:00:38.810 align:start position:0% tests so all the clients use my tests basically<00:00:36.449> and<00:00:37.250> that's<00:00:38.250> what<00:00:38.370> I've<00:00:38.489> done<00:00:38.670> over 00:00:38.810 --> 00:00:38.820 align:start position:0% basically and that's what I've done over 00:00:38.820 --> 00:00:43.130 align:start position:0% basically and that's what I've done over the<00:00:38.940> last<00:00:39.179> year<00:00:40.399> but<00:00:41.399> now<00:00:41.550> I<00:00:41.579> want<00:00:42.120> you<00:00:42.300> to<00:00:42.989> know 00:00:43.130 --> 00:00:43.140 align:start position:0% the last year but now I want you to know 00:00:43.140 --> 00:00:46.579 align:start position:0% the last year but now I want you to know a<00:00:43.170> bit<00:00:43.410> more<00:00:43.469> about<00:00:43.649> Lockett<00:00:45.260> so<00:00:46.260> what<00:00:46.379> is<00:00:46.499> the 00:00:46.579 --> 00:00:46.589 align:start position:0% a bit more about Lockett so what is the 00:00:46.589 --> 00:00:49.790 align:start position:0% a bit more about Lockett so what is the problem<00:00:46.890> we<00:00:47.249> are<00:00:47.280> trying<00:00:47.399> to<00:00:47.789> solve<00:00:48.589> so<00:00:49.589> most 00:00:49.790 --> 00:00:49.800 align:start position:0% problem we are trying to solve so most 00:00:49.800 --> 00:00:51.979 align:start position:0% problem we are trying to solve so most of<00:00:49.920> you<00:00:50.100> have<00:00:50.160> a<00:00:50.699> lot<00:00:50.999> of<00:00:51.120> property<00:00:51.629> think 00:00:51.979 --> 00:00:51.989 align:start position:0% of you have a lot of property think 00:00:51.989 --> 00:00:54.770 align:start position:0% of you have a lot of property think about<00:00:52.230> your<00:00:52.859> house<00:00:53.039> your<00:00:53.730> car<00:00:53.760> your<00:00:53.999> washing 00:00:54.770 --> 00:00:54.780 align:start position:0% about your house your car your washing 00:00:54.780 --> 00:00:58.130 align:start position:0% about your house your car your washing machine<00:00:54.929> a<00:00:55.469> lawn<00:00:55.739> mower<00:00:55.980> your<00:00:56.609> bike<00:00:56.789> a<00:00:57.239> lot<00:00:58.019> of 00:00:58.130 --> 00:00:58.140 align:start position:0% machine a lawn mower your bike a lot of 00:00:58.140 --> 00:01:00.290 align:start position:0% machine a lawn mower your bike a lot of different<00:00:58.440> other<00:00:58.530> things<00:00:58.760> but<00:00:59.760> you<00:00:59.819> use<00:01:00.089> them 00:01:00.290 --> 00:01:00.300 align:start position:0% different other things but you use them 00:01:00.300 --> 00:01:02.029 align:start position:0% different other things but you use them only<00:01:00.449> if<00:01:00.690> like<00:01:01.109> five<00:01:01.319> percent<00:01:01.469> of<00:01:01.769> the<00:01:01.859> time 00:01:02.029 --> 00:01:02.039 align:start position:0% only if like five percent of the time 00:01:02.039 --> 00:01:04.399 align:start position:0% only if like five percent of the time most<00:01:03.030> of<00:01:03.210> the<00:01:03.269> time<00:01:03.359> that's<00:01:03.629> just<00:01:03.899> sitting 00:01:04.399 --> 00:01:04.409 align:start position:0% most of the time that's just sitting 00:01:04.409 --> 00:01:07.249 align:start position:0% most of the time that's just sitting around<00:01:04.680> there<00:01:04.920> don't<00:01:05.220> do<00:01:05.309> anything<00:01:06.140> so<00:01:07.140> now 00:01:07.249 --> 00:01:07.259 align:start position:0% around there don't do anything so now 00:01:07.259 --> 00:01:09.560 align:start position:0% around there don't do anything so now the<00:01:07.320> problem<00:01:07.649> comes<00:01:08.040> how<00:01:08.340> could<00:01:08.700> you<00:01:08.939> when 00:01:09.560 --> 00:01:09.570 align:start position:0% the problem comes how could you when 00:01:09.570 --> 00:01:12.950 align:start position:0% the problem comes how could you when sellers<00:01:10.049> share<00:01:10.290> them<00:01:10.470> easily<00:01:10.860> and<00:01:11.960> that's 00:01:12.950 --> 00:01:12.960 align:start position:0% sellers share them easily and that's 00:01:12.960 --> 00:01:14.480 align:start position:0% sellers share them easily and that's basically<00:01:13.320> a<00:01:13.439> problem<00:01:13.860> we<00:01:13.979> are<00:01:14.009> trying<00:01:14.189> to 00:01:14.480 --> 00:01:14.490 align:start position:0% basically a problem we are trying to 00:01:14.490 --> 00:01:17.840 align:start position:0% basically a problem we are trying to solve<00:01:15.170> so<00:01:16.170> when<00:01:16.439> you<00:01:16.530> try<00:01:16.740> to<00:01:16.770> rent<00:01:17.100> them<00:01:17.310> there 00:01:17.840 --> 00:01:17.850 align:start position:0% solve so when you try to rent them there 00:01:17.850 --> 00:01:19.190 align:start position:0% solve so when you try to rent them there are<00:01:17.909> a<00:01:17.939> lot<00:01:18.060> of<00:01:18.090> problems<00:01:18.570> which<00:01:18.719> come<00:01:18.899> up<00:01:19.020> for 00:01:19.190 --> 00:01:19.200 align:start position:0% are a lot of problems which come up for 00:01:19.200 --> 00:01:22.789 align:start position:0% are a lot of problems which come up for you<00:01:19.399> such<00:01:20.399> as<00:01:20.670> doing<00:01:21.060> the<00:01:21.149> payment<00:01:21.799> it's 00:01:22.789 --> 00:01:22.799 align:start position:0% you such as doing the payment it's 00:01:22.799 --> 00:01:24.590 align:start position:0% you such as doing the payment it's organization<00:01:23.189> so<00:01:23.790> we<00:01:23.880> actually<00:01:24.030> to<00:01:24.329> meet 00:01:24.590 --> 00:01:24.600 align:start position:0% organization so we actually to meet 00:01:24.600 --> 00:01:26.840 align:start position:0% organization so we actually to meet someone<00:01:25.110> and<00:01:25.290> speak<00:01:25.560> to<00:01:25.799> someone<00:01:26.040> know<00:01:26.640> I'm<00:01:26.820> a 00:01:26.840 --> 00:01:26.850 align:start position:0% someone and speak to someone know I'm a 00:01:26.850 --> 00:01:28.999 align:start position:0% someone and speak to someone know I'm a German<00:01:27.360> and<00:01:27.540> we<00:01:27.600> don't<00:01:27.750> like<00:01:27.930> this<00:01:28.140> so<00:01:28.409> we<00:01:28.920> want 00:01:28.999 --> 00:01:29.009 align:start position:0% German and we don't like this so we want 00:01:29.009 --> 00:01:31.330 align:start position:0% German and we don't like this so we want to<00:01:29.159> have<00:01:29.250> this<00:01:29.399> completely<00:01:30.180> automated<00:01:30.719> and 00:01:31.330 --> 00:01:31.340 align:start position:0% to have this completely automated and 00:01:31.340 --> 00:01:34.279 align:start position:0% to have this completely automated and you<00:01:32.340> to<00:01:32.490> match<00:01:32.670> the<00:01:32.880> user<00:01:33.090> somehow<00:01:33.659> you<00:01:34.079> need 00:01:34.279 --> 00:01:34.289 align:start position:0% you to match the user somehow you need 00:01:34.289 --> 00:01:36.380 align:start position:0% you to match the user somehow you need all<00:01:34.500> the<00:01:34.619> security<00:01:34.799> all<00:01:35.579> of<00:01:35.880> those<00:01:36.030> kind<00:01:36.299> of 00:01:36.380 --> 00:01:36.390 align:start position:0% all the security all of those kind of 00:01:36.390 --> 00:01:39.289 align:start position:0% all the security all of those kind of things<00:01:36.450> so<00:01:36.950> it's<00:01:37.950> a<00:01:38.009> real<00:01:38.159> problem<00:01:38.399> to<00:01:38.610> rent 00:01:39.289 --> 00:01:39.299 align:start position:0% things so it's a real problem to rent 00:01:39.299 --> 00:01:40.850 align:start position:0% things so it's a real problem to rent out<00:01:39.450> small<00:01:39.840> things<00:01:40.170> which<00:01:40.320> only<00:01:40.380> cost<00:01:40.740> like 00:01:40.850 --> 00:01:40.860 align:start position:0% out small things which only cost like 00:01:40.860 --> 00:01:42.679 align:start position:0% out small things which only cost like one<00:01:41.189> dollar<00:01:41.399> that<00:01:41.579> someone<00:01:42.090> can<00:01:42.240> use<00:01:42.390> a<00:01:42.420> bike 00:01:42.679 --> 00:01:42.689 align:start position:0% one dollar that someone can use a bike 00:01:42.689 --> 00:01:45.580 align:start position:0% one dollar that someone can use a bike for<00:01:42.960> 20<00:01:43.560> minutes<00:01:43.859> or<00:01:43.979> a<00:01:44.039> washing<00:01:44.310> machine<00:01:44.430> and 00:01:45.580 --> 00:01:45.590 align:start position:0% for 20 minutes or a washing machine and 00:01:45.590 --> 00:01:47.959 align:start position:0% for 20 minutes or a washing machine and so<00:01:46.590> those<00:01:46.740> the<00:01:46.859> problems<00:01:47.250> we<00:01:47.340> have<00:01:47.490> that's<00:01:47.850> the 00:01:47.959 --> 00:01:47.969 align:start position:0% so those the problems we have that's the 00:01:47.969 --> 00:01:49.940 align:start position:0% so those the problems we have that's the reason<00:01:48.270> I<00:01:48.359> usually<00:01:48.719> just<00:01:48.869> don't<00:01:49.020> do<00:01:49.229> it<00:01:49.259> you<00:01:49.799> do 00:01:49.940 --> 00:01:49.950 align:start position:0% reason I usually just don't do it you do 00:01:49.950 --> 00:01:51.260 align:start position:0% reason I usually just don't do it you do it<00:01:49.979> maybe<00:01:50.219> sometimes<00:01:50.670> for<00:01:50.820> the<00:01:50.880> big<00:01:51.000> things 00:01:51.260 --> 00:01:51.270 align:start position:0% it maybe sometimes for the big things 00:01:51.270 --> 00:01:55.249 align:start position:0% it maybe sometimes for the big things and<00:01:51.750> use<00:01:51.899> some<00:01:52.460> platforms<00:01:53.460> for<00:01:53.700> it<00:01:53.869> but<00:01:54.869> we 00:01:55.249 --> 00:01:55.259 align:start position:0% and use some platforms for it but we 00:01:55.259 --> 00:01:57.260 align:start position:0% and use some platforms for it but we want<00:01:55.439> to<00:01:55.530> show<00:01:55.920> in<00:01:56.039> our<00:01:56.100> solution<00:01:56.460> which<00:01:57.149> is 00:01:57.260 --> 00:01:57.270 align:start position:0% want to show in our solution which is 00:01:57.270 --> 00:01:59.810 align:start position:0% want to show in our solution which is basically<00:01:57.659> a<00:01:57.810> lock<00:01:58.109> that<00:01:58.979> can<00:01:59.310> directly<00:01:59.549> open 00:01:59.810 --> 00:01:59.820 align:start position:0% basically a lock that can directly open 00:01:59.820 --> 00:02:01.609 align:start position:0% basically a lock that can directly open by<00:02:00.630> paying<00:02:01.020> it 00:02:01.609 --> 00:02:01.619 align:start position:0% by paying it 00:02:01.619 --> 00:02:04.639 align:start position:0% by paying it I<00:02:01.649> mean<00:02:02.399> paying<00:02:02.640> the<00:02:03.000> lock<00:02:03.179> now<00:02:03.990> we<00:02:04.049> are<00:02:04.350> just 00:02:04.639 --> 00:02:04.649 align:start position:0% I mean paying the lock now we are just 00:02:04.649 --> 00:02:07.580 align:start position:0% I mean paying the lock now we are just not<00:02:05.039> talking<00:02:05.579> to<00:02:05.850> paying<00:02:06.149> someone<00:02:06.420> else<00:02:06.600> so 00:02:07.580 --> 00:02:07.590 align:start position:0% not talking to paying someone else so 00:02:07.590 --> 00:02:10.340 align:start position:0% not talking to paying someone else so how<00:02:08.400> does<00:02:08.460> this<00:02:08.790> work<00:02:09.000> the<00:02:09.390> basic<00:02:09.840> process<00:02:10.230> is 00:02:10.340 --> 00:02:10.350 align:start position:0% how does this work the basic process is 00:02:10.350 --> 00:02:14.240 align:start position:0% how does this work the basic process is very<00:02:10.500> simple<00:02:11.360> the<00:02:12.360> owner<00:02:12.720> of<00:02:13.110> a<00:02:13.230> flock 00:02:14.240 --> 00:02:14.250 align:start position:0% very simple the owner of a flock 00:02:14.250 --> 00:02:16.460 align:start position:0% very simple the owner of a flock hence<00:02:14.490> their<00:02:14.730> two<00:02:14.970> numbers<00:02:15.360> which<00:02:16.320> is<00:02:16.440> a 00:02:16.460 --> 00:02:16.470 align:start position:0% hence their two numbers which is a 00:02:16.470 --> 00:02:19.460 align:start position:0% hence their two numbers which is a deficit<00:02:17.040> and<00:02:17.280> a<00:02:17.640> price<00:02:17.880> and<00:02:18.300> then<00:02:19.230> he's 00:02:19.460 --> 00:02:19.470 align:start position:0% deficit and a price and then he's 00:02:19.470 --> 00:02:21.080 align:start position:0% deficit and a price and then he's basically<00:02:19.860> done<00:02:20.190> you<00:02:20.580> just<00:02:20.760> need<00:02:20.820> to<00:02:21.000> do 00:02:21.080 --> 00:02:21.090 align:start position:0% basically done you just need to do 00:02:21.090 --> 00:02:23.600 align:start position:0% basically done you just need to do anything<00:02:21.300> else<00:02:21.570> just<00:02:21.920> block<00:02:22.920> his<00:02:23.130> property 00:02:23.600 --> 00:02:23.610 align:start position:0% anything else just block his property 00:02:23.610 --> 00:02:26.000 align:start position:0% anything else just block his property business<00:02:24.000> lock<00:02:24.330> now<00:02:25.260> when<00:02:25.410> a<00:02:25.470> user<00:02:25.500> comes 00:02:26.000 --> 00:02:26.010 align:start position:0% business lock now when a user comes 00:02:26.010 --> 00:02:28.810 align:start position:0% business lock now when a user comes along<00:02:26.130> he<00:02:26.970> just<00:02:27.270> needs<00:02:27.480> to<00:02:27.630> pay<00:02:27.870> the<00:02:28.080> deficit 00:02:28.810 --> 00:02:28.820 align:start position:0% along he just needs to pay the deficit 00:02:28.820 --> 00:02:32.660 align:start position:0% along he just needs to pay the deficit after<00:02:29.820> he's<00:02:30.300> done<00:02:30.510> this<00:02:30.720> he<00:02:31.530> has<00:02:31.709> access<00:02:32.040> to 00:02:32.660 --> 00:02:32.670 align:start position:0% after he's done this he has access to 00:02:32.670 --> 00:02:34.910 align:start position:0% after he's done this he has access to open<00:02:32.970> and<00:02:33.450> closed<00:02:33.750> or<00:02:34.080> switch<00:02:34.290> it<00:02:34.320> on<00:02:34.590> and<00:02:34.770> off 00:02:34.910 --> 00:02:34.920 align:start position:0% open and closed or switch it on and off 00:02:34.920 --> 00:02:36.620 align:start position:0% open and closed or switch it on and off as<00:02:35.220> often<00:02:35.520> as<00:02:35.640> he<00:02:35.670> wants<00:02:35.970> to<00:02:36.120> he<00:02:36.330> is<00:02:36.480> the 00:02:36.620 --> 00:02:36.630 align:start position:0% as often as he wants to he is the 00:02:36.630 --> 00:02:40.580 align:start position:0% as often as he wants to he is the current<00:02:36.930> user<00:02:37.260> and<00:02:37.740> he<00:02:38.340> can<00:02:38.490> also<00:02:39.410> send<00:02:40.410> some 00:02:40.580 --> 00:02:40.590 align:start position:0% current user and he can also send some 00:02:40.590 --> 00:02:42.650 align:start position:0% current user and he can also send some other<00:02:40.770> SAP<00:02:41.100> users<00:02:41.610> like<00:02:41.880> family<00:02:42.240> and<00:02:42.330> friends 00:02:42.650 --> 00:02:42.660 align:start position:0% other SAP users like family and friends 00:02:42.660 --> 00:02:44.120 align:start position:0% other SAP users like family and friends because<00:02:42.959> he<00:02:43.110> paid<00:02:43.290> for<00:02:43.500> it<00:02:43.560> so<00:02:43.709> they<00:02:43.830> can<00:02:43.950> also 00:02:44.120 --> 00:02:44.130 align:start position:0% because he paid for it so they can also 00:02:44.130 --> 00:02:46.460 align:start position:0% because he paid for it so they can also use<00:02:44.400> it<00:02:44.640> so<00:02:45.120> we<00:02:45.150> have<00:02:45.300> a<00:02:45.330> user<00:02:45.900> management 00:02:46.460 --> 00:02:46.470 align:start position:0% use it so we have a user management 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align:start position:0% returns it when you transit after a while<00:02:55.020> he<00:02:55.260> gets<00:02:55.350> back<00:02:55.650> his<00:02:56.190> episode<00:02:56.670> -<00:02:57.209> the 00:02:57.560 --> 00:02:57.570 align:start position:0% while he gets back his episode - the 00:02:57.570 --> 00:03:01.250 align:start position:0% while he gets back his episode - the costs<00:02:57.930> and<00:02:58.940> the<00:02:59.940> payments<00:03:00.420> or<00:03:00.510> the<00:03:00.600> cost<00:03:00.810> they 00:03:01.250 --> 00:03:01.260 align:start position:0% costs and the payments or the cost they 00:03:01.260 --> 00:03:03.620 align:start position:0% costs and the payments or the cost they go<00:03:01.440> directly<00:03:01.770> to<00:03:02.160> the<00:03:02.280> owner<00:03:02.430> and<00:03:02.760> this<00:03:03.510> of 00:03:03.620 --> 00:03:03.630 align:start position:0% go directly to the owner and this of 00:03:03.630 --> 00:03:05.390 align:start position:0% go directly to the owner and this of course<00:03:03.660> happens<00:03:04.220> automatically<00:03:05.220> on<00:03:05.340> the 00:03:05.390 --> 00:03:05.400 align:start position:0% course happens automatically on the 00:03:05.400 --> 00:03:06.949 align:start position:0% course happens automatically on the blockchain<00:03:05.610> without<00:03:06.180> anyone<00:03:06.600> interfering 00:03:06.949 --> 00:03:06.959 align:start position:0% blockchain without anyone interfering 00:03:06.959 --> 00:03:10.580 align:start position:0% blockchain without anyone interfering that's<00:03:07.950> the<00:03:08.239> recently<00:03:09.239> visualization<00:03:10.200> of<00:03:10.410> the 00:03:10.580 --> 00:03:10.590 align:start position:0% that's the recently visualization of the 00:03:10.590 --> 00:03:16.220 align:start position:0% that's the recently visualization of the smart<00:03:10.890> contract<00:03:11.430> behind<00:03:11.640> the<00:03:11.940> slock<00:03:13.190> okay<00:03:15.230> so 00:03:16.220 --> 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blockchain that's why I'm 00:03:21.959 --> 00:03:25.009 align:start position:0% the theorem blockchain that's why I'm talking<00:03:22.140> here<00:03:22.730> so<00:03:23.730> what<00:03:23.850> do<00:03:23.940> you<00:03:24.060> have<00:03:24.239> you 00:03:25.009 --> 00:03:25.019 align:start position:0% talking here so what do you have you 00:03:25.019 --> 00:03:28.009 align:start position:0% talking here so what do you have you have<00:03:25.110> now<00:03:25.489> this<00:03:26.489> big<00:03:27.030> block<00:03:27.330> and<00:03:27.570> what<00:03:27.690> what 00:03:28.009 --> 00:03:28.019 align:start position:0% have now this big block and what what 00:03:28.019 --> 00:03:31.550 align:start position:0% have now this big block and what what belongs<00:03:28.320> to<00:03:28.440> us<00:03:28.709> lock<00:03:29.540> first<00:03:30.540> of<00:03:30.720> all<00:03:30.870> there's 00:03:31.550 --> 00:03:31.560 align:start position:0% belongs to us lock first of all there's 00:03:31.560 --> 00:03:33.800 align:start position:0% belongs to us lock first of all there's a<00:03:31.620> smart<00:03:31.920> contract<00:03:32.400> which<00:03:33.000> I<00:03:33.120> just<00:03:33.390> explained 00:03:33.800 --> 00:03:33.810 align:start position:0% a smart contract which I just explained 00:03:33.810 --> 00:03:35.180 align:start position:0% a smart contract which I just explained which<00:03:34.200> is<00:03:34.320> running<00:03:34.650> on<00:03:34.769> the<00:03:34.860> theorem 00:03:35.180 --> 00:03:35.190 align:start position:0% which is running on the theorem 00:03:35.190 --> 00:03:36.890 align:start position:0% which is running on the theorem blockchain<00:03:35.640> everyone<00:03:36.360> can<00:03:36.540> read<00:03:36.690> it<00:03:36.780> of 00:03:36.890 --> 00:03:36.900 align:start position:0% blockchain everyone can read it of 00:03:36.900 --> 00:03:38.840 align:start position:0% blockchain everyone can read it of course<00:03:37.049> the<00:03:37.290> code<00:03:37.470> is<00:03:37.620> open<00:03:37.739> source<00:03:37.890> it's 00:03:38.840 --> 00:03:38.850 align:start position:0% course the code is open source it's 00:03:38.850 --> 00:03:41.420 align:start position:0% course the code is open source it's actually<00:03:39.120> so<00:03:39.330> easy<00:03:39.360> to<00:03:39.840> read<00:03:40.019> that<00:03:40.230> if<00:03:41.100> you<00:03:41.250> can 00:03:41.420 --> 00:03:41.430 align:start position:0% actually so easy to read that if you can 00:03:41.430 --> 00:03:42.830 align:start position:0% actually so easy to read that if you can if<00:03:41.580> you<00:03:41.700> are<00:03:41.730> a<00:03:41.820> developer<00:03:42.000> even<00:03:42.690> not<00:03:42.810> a 00:03:42.830 --> 00:03:42.840 align:start position:0% if you are a developer even not a 00:03:42.840 --> 00:03:44.300 align:start position:0% if you are a developer even not a developer<00:03:43.260> but<00:03:43.320> I<00:03:43.380> think<00:03:43.650> you<00:03:43.739> can<00:03:43.890> understand 00:03:44.300 --> 00:03:44.310 align:start position:0% developer but I think you can understand 00:03:44.310 --> 00:03:45.740 align:start position:0% developer but I think you can understand and<00:03:44.430> it's<00:03:44.549> just<00:03:44.670> sweet<00:03:44.820> it<00:03:44.970> here's<00:03:45.420> just<00:03:45.660> a 00:03:45.740 --> 00:03:45.750 align:start position:0% and it's just sweet it here's just a 00:03:45.750 --> 00:03:47.750 align:start position:0% and it's just sweet it here's just a part<00:03:45.959> of<00:03:46.049> it<00:03:46.230> it's<00:03:46.860> that's<00:03:47.130> a<00:03:47.250> part<00:03:47.489> of<00:03:47.579> the 00:03:47.750 --> 00:03:47.760 align:start position:0% part of it it's that's a part of the 00:03:47.760 --> 00:03:49.520 align:start position:0% part of it it's that's a part of the closing<00:03:48.180> function<00:03:48.570> I<00:03:48.660> need<00:03:48.750> to<00:03:48.870> make<00:03:48.989> it<00:03:49.140> nicer 00:03:49.520 --> 00:03:49.530 align:start position:0% closing function I need to make it nicer 00:03:49.530 --> 00:03:52.910 align:start position:0% closing function I need to make it nicer after<00:03:49.709> that<00:03:50.100> latest<00:03:50.400> little<00:03:50.700> T<00:03:50.790> updates<00:03:51.920> but 00:03:52.910 --> 00:03:52.920 align:start position:0% after that latest little T updates but 00:03:52.920 --> 00:03:54.500 align:start position:0% after that latest little T updates but yeah<00:03:53.040> you<00:03:53.100> just<00:03:53.220> sees<00:03:53.940> I'm<00:03:54.090> saying<00:03:54.329> here<00:03:54.450> that 00:03:54.500 --> 00:03:54.510 align:start position:0% yeah you just sees I'm saying here that 00:03:54.510 --> 00:03:57.140 align:start position:0% yeah you just sees I'm saying here that the<00:03:55.500> user<00:03:55.739> gets<00:03:56.070> sent<00:03:56.340> to<00:03:56.400> deficit<00:03:56.790> minus<00:03:57.030> the 00:03:57.140 --> 00:03:57.150 align:start position:0% the user gets sent to deficit minus the 00:03:57.150 --> 00:03:59.840 align:start position:0% the user gets sent to deficit minus the costs<00:03:57.540> and<00:03:57.660> owner<00:03:58.380> can<00:03:58.590> tend<00:03:58.860> to<00:03:58.950> cost<00:03:59.130> and<00:03:59.610> now 00:03:59.840 --> 00:03:59.850 align:start position:0% costs and owner can tend to cost and now 00:03:59.850 --> 00:04:02.270 align:start position:0% costs and owner can tend to cost and now some<00:04:00.090> other<00:04:00.299> educators<00:04:00.720> handled<00:04:01.230> here<00:04:01.350> so 00:04:02.270 --> 00:04:02.280 align:start position:0% some other educators handled here so 00:04:02.280 --> 00:04:04.550 align:start position:0% some other educators handled here so it's<00:04:02.400> really<00:04:02.549> simple<00:04:02.820> to<00:04:03.000> eat<00:04:03.150> and<00:04:03.440> you<00:04:04.440> have 00:04:04.550 --> 00:04:04.560 align:start position:0% it's really simple to eat and you have 00:04:04.560 --> 00:04:05.930 align:start position:0% it's really simple to eat and you have to<00:04:04.680> smart<00:04:04.890> contract<00:04:05.340> so<00:04:05.459> what<00:04:05.579> are<00:04:05.700> the<00:04:05.760> things 00:04:05.930 --> 00:04:05.940 align:start position:0% to smart contract so what are the things 00:04:05.940 --> 00:04:08.000 align:start position:0% to smart contract so what are the things how<00:04:06.180> is<00:04:06.540> the<00:04:06.660> user<00:04:06.870> interacting<00:04:07.769> with<00:04:07.890> the 00:04:08.000 --> 00:04:08.010 align:start position:0% how is the user interacting with the 00:04:08.010 --> 00:04:10.610 align:start position:0% how is the user interacting with the smart<00:04:08.250> contract<00:04:08.670> all<00:04:08.850> he<00:04:09.329> can<00:04:09.540> do<00:04:09.720> is<00:04:09.900> paying 00:04:10.610 --> 00:04:10.620 align:start position:0% smart contract all he can do is paying 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other side owner what he can do to sue the<00:04:18.510> smart<00:04:18.780> contract<00:04:19.070> setting<00:04:20.070> a<00:04:20.160> deficit<00:04:20.669> a 00:04:20.810 --> 00:04:20.820 align:start position:0% the smart contract setting a deficit a 00:04:20.820 --> 00:04:23.000 align:start position:0% the smart contract setting a deficit a price<00:04:21.120> he<00:04:21.690> can<00:04:21.870> also<00:04:22.049> open<00:04:22.530> closed<00:04:22.800> on 00:04:23.000 --> 00:04:23.010 align:start position:0% price he can also open closed on 00:04:23.010 --> 00:04:24.170 align:start position:0% price he can also open closed on restricted<00:04:23.520> basis 00:04:24.170 --> 00:04:24.180 align:start position:0% restricted basis 00:04:24.180 --> 00:04:25.969 align:start position:0% restricted basis so<00:04:24.270> if<00:04:24.419> he's<00:04:24.539> not<00:04:24.570> if<00:04:25.139> that's<00:04:25.289> if<00:04:25.590> it's<00:04:25.710> rented 00:04:25.969 --> 00:04:25.979 align:start position:0% so if he's not if that's if it's rented 00:04:25.979 --> 00:04:27.650 align:start position:0% so if he's not if that's if it's rented out<00:04:26.130> here<00:04:26.340> of<00:04:26.400> course<00:04:26.580> cannot<00:04:26.970> open<00:04:27.270> closed<00:04:27.479> it 00:04:27.650 --> 00:04:27.660 align:start position:0% out here of course cannot open closed it 00:04:27.660 --> 00:04:30.650 align:start position:0% out here of course cannot open closed it but<00:04:28.199> if<00:04:28.320> the<00:04:28.889> user<00:04:29.100> has<00:04:29.430> used<00:04:29.699> up<00:04:29.940> his<00:04:30.120> deficit 00:04:30.650 --> 00:04:30.660 align:start position:0% but if the user has used up his deficit 00:04:30.660 --> 00:04:32.779 align:start position:0% but if the user has used up his deficit then<00:04:30.990> you<00:04:31.080> can<00:04:31.199> kick<00:04:31.410> him<00:04:31.440> out<00:04:31.590> so<00:04:32.460> if<00:04:32.580> all 00:04:32.779 --> 00:04:32.789 align:start position:0% then you can kick him out so if all 00:04:32.789 --> 00:04:35.360 align:start position:0% then you can kick him out so if all those<00:04:32.940> rules<00:04:33.740> implemented<00:04:34.740> in<00:04:35.070> the<00:04:35.160> smart 00:04:35.360 --> 00:04:35.370 align:start position:0% those rules implemented in the smart 00:04:35.370 --> 00:04:38.540 align:start position:0% those rules implemented in the smart contract<00:04:36.199> so<00:04:37.199> but<00:04:37.350> how<00:04:37.530> do<00:04:37.590> we<00:04:37.860> now<00:04:38.130> get<00:04:38.400> the 00:04:38.540 --> 00:04:38.550 align:start position:0% contract so but how do we now get the 00:04:38.550 --> 00:04:40.279 align:start position:0% contract so but how do we now get the connection<00:04:39.090> between<00:04:39.300> the<00:04:39.600> smart<00:04:39.840> contract 00:04:40.279 --> 00:04:40.289 align:start position:0% connection between the smart contract 00:04:40.289 --> 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like this you know the rest by your<00:04:48.419> PI<00:04:48.800> many<00:04:49.800> people<00:04:50.070> have<00:04:50.160> played<00:04:50.400> with<00:04:50.550> it 00:04:50.689 --> 00:04:50.699 align:start position:0% your PI many people have played with it 00:04:50.699 --> 00:04:53.180 align:start position:0% your PI many people have played with it but<00:04:51.120> even<00:04:51.389> better<00:04:51.630> ones<00:04:51.900> you<00:04:52.470> see<00:04:52.680> they're<00:04:52.949> a 00:04:53.180 --> 00:04:53.190 align:start position:0% but even better ones you see they're a 00:04:53.190 --> 00:04:55.640 align:start position:0% but even better ones you see they're a little<00:04:53.639> in<00:04:53.970> Toledo<00:04:54.330> some<00:04:54.600> really<00:04:55.139> really<00:04:55.380> tiny 00:04:55.640 --> 00:04:55.650 align:start position:0% little in Toledo some really really tiny 00:04:55.650 --> 00:04:58.310 align:start position:0% little in Toledo some really really tiny and<00:04:55.979> we<00:04:56.880> got<00:04:57.060> a<00:04:57.090> full<00:04:57.389> client<00:04:57.780> running<00:04:57.960> on<00:04:58.169> it 00:04:58.310 --> 00:04:58.320 align:start position:0% and we got a full client running on it 00:04:58.320 --> 00:05:00.740 align:start position:0% and we got a full client running on it so<00:04:58.979> it's<00:04:59.639> been<00:04:59.759> I<00:04:59.849> say<00:04:59.970> full<00:05:00.180> Klein<00:05:00.449> I<00:05:00.599> mean 00:05:00.740 --> 00:05:00.750 align:start position:0% so it's been I say full Klein I mean 00:05:00.750 --> 00:05:02.600 align:start position:0% so it's been I say full Klein I mean approved<00:05:01.139> client<00:05:01.680> so<00:05:01.800> it<00:05:01.860> doesn't<00:05:02.130> need<00:05:02.250> that 00:05:02.600 --> 00:05:02.610 align:start position:0% approved client so it doesn't need that 00:05:02.610 --> 00:05:06.589 align:start position:0% approved client so it doesn't need that much<00:05:03.120> storage<00:05:04.520> so<00:05:05.520> the<00:05:05.729> C<00:05:05.880> plus<00:05:06.060> last<00:05:06.240> line<00:05:06.479> of 00:05:06.589 --> 00:05:06.599 align:start position:0% much storage so the C plus last line of 00:05:06.599 --> 00:05:10.580 align:start position:0% much storage so the C plus last line of course<00:05:06.840> and<00:05:08.030> we<00:05:09.030> also<00:05:09.210> got<00:05:09.900> some<00:05:10.080> in<00:05:10.229> couple<00:05:10.500> of 00:05:10.580 --> 00:05:10.590 align:start position:0% course and we also got some in couple of 00:05:10.590 --> 00:05:12.260 align:start position:0% course and we also got some in couple of months<00:05:10.889> will<00:05:11.039> be<00:05:11.220> something<00:05:11.699> from<00:05:11.820> Samsung 00:05:12.260 --> 00:05:12.270 align:start position:0% months will be something from Samsung 00:05:12.270 --> 00:05:14.629 align:start position:0% months will be something from Samsung calling<00:05:12.599> the<00:05:12.690> Arctic<00:05:13.080> coming<00:05:13.590> out<00:05:13.740> even<00:05:14.039> Tonya 00:05:14.629 --> 00:05:14.639 align:start position:0% calling the Arctic coming out even Tonya 00:05:14.639 --> 00:05:17.210 align:start position:0% calling the Arctic coming out even Tonya and<00:05:14.849> the<00:05:15.630> spec<00:05:15.900> are<00:05:16.259> good<00:05:16.530> enough<00:05:16.770> that<00:05:16.979> we<00:05:17.070> can 00:05:17.210 --> 00:05:17.220 align:start position:0% and the spec are good enough that we can 00:05:17.220 --> 00:05:18.680 align:start position:0% and the spec are good enough that we can remark<00:05:17.520> that<00:05:17.820> we<00:05:17.940> can<00:05:18.120> actually<00:05:18.270> want<00:05:18.599> a 00:05:18.680 --> 00:05:18.690 align:start position:0% remark that we can actually want a 00:05:18.690 --> 00:05:23.420 align:start position:0% remark that we can actually want a client<00:05:18.930> on<00:05:19.199> it<00:05:20.000> so<00:05:21.000> in<00:05:21.270> those<00:05:21.509> devices<00:05:21.840> now<00:05:22.430> can 00:05:23.420 --> 00:05:23.430 align:start position:0% client on it so in those devices now can 00:05:23.430 --> 00:05:26.749 align:start position:0% client on it so in those devices now can talk<00:05:23.699> to<00:05:23.970> existing<00:05:24.870> smart<00:05:25.199> devices<00:05:25.620> we<00:05:26.610> can 00:05:26.749 --> 00:05:26.759 align:start position:0% talk to existing smart devices we can 00:05:26.759 --> 00:05:29.540 align:start position:0% talk to existing smart devices we can use<00:05:26.880> bluetooth<00:05:27.419> set<00:05:27.990> way<00:05:28.199> for<00:05:28.500> sick<00:05:28.650> p4<00:05:29.370> don't 00:05:29.540 --> 00:05:29.550 align:start position:0% use bluetooth set way for sick p4 don't 00:05:29.550 --> 00:05:30.980 align:start position:0% use bluetooth set way for sick p4 don't of<00:05:29.669> you<00:05:29.789> who<00:05:29.880> don't<00:05:30.000> know<00:05:30.240> separate<00:05:30.870> from 00:05:30.980 --> 00:05:30.990 align:start position:0% of you who don't know separate from 00:05:30.990 --> 00:05:32.600 align:start position:0% of you who don't know separate from stick<00:05:31.169> be<00:05:31.320> it's<00:05:31.440> just<00:05:31.650> used<00:05:31.949> in<00:05:32.130> smart<00:05:32.370> homes 00:05:32.600 --> 00:05:32.610 align:start position:0% stick be it's just used in smart homes 00:05:32.610 --> 00:05:33.760 align:start position:0% stick be it's just used in smart homes so<00:05:32.789> it's<00:05:32.909> a<00:05:32.940> smart<00:05:33.180> home<00:05:33.360> technology 00:05:33.760 --> 00:05:33.770 align:start position:0% so it's a smart home technology 00:05:33.770 --> 00:05:36.110 align:start position:0% so it's a smart home technology connecting<00:05:34.770> all<00:05:34.919> the<00:05:35.039> smart<00:05:35.340> devices<00:05:35.669> in<00:05:35.970> your 00:05:36.110 --> 00:05:36.120 align:start position:0% connecting all the smart devices in your 00:05:36.120 --> 00:05:38.000 align:start position:0% connecting all the smart devices in your home<00:05:36.240> and<00:05:36.510> there<00:05:37.169> are<00:05:37.199> thousands<00:05:37.919> of 00:05:38.000 --> 00:05:38.010 align:start position:0% home and there are thousands of 00:05:38.010 --> 00:05:40.460 align:start position:0% home and there are thousands of different<00:05:38.070> set<00:05:39.060> wave<00:05:39.270> and<00:05:39.479> sikri<00:05:39.870> products 00:05:40.460 --> 00:05:40.470 align:start position:0% different set wave and sikri products 00:05:40.470 --> 00:05:42.860 align:start position:0% different set wave and sikri products out<00:05:40.590> there<00:05:40.650> which<00:05:41.190> we<00:05:41.340> can<00:05:41.550> connect<00:05:41.940> to<00:05:42.000> so<00:05:42.840> I 00:05:42.860 --> 00:05:42.870 align:start position:0% out there which we can connect to so I 00:05:42.870 --> 00:05:44.750 align:start position:0% out there which we can connect to so I would<00:05:43.260> not<00:05:43.409> call<00:05:43.650> us<00:05:43.830> directly<00:05:44.250> a<00:05:44.340> hardware 00:05:44.750 --> 00:05:44.760 align:start position:0% would not call us directly a hardware 00:05:44.760 --> 00:05:46.730 align:start position:0% would not call us directly a hardware manufacturer<00:05:45.150> which<00:05:45.510> is<00:05:45.690> connecting<00:05:46.289> to<00:05:46.470> all 00:05:46.730 --> 00:05:46.740 align:start position:0% manufacturer which is connecting to all 00:05:46.740 --> 00:05:48.529 align:start position:0% manufacturer which is connecting to all of<00:05:46.860> those<00:05:46.979> existing<00:05:47.580> devices<00:05:48.000> out<00:05:48.150> there<00:05:48.330> and 00:05:48.529 --> 00:05:48.539 align:start position:0% of those existing devices out there and 00:05:48.539 --> 00:05:51.469 align:start position:0% of those existing devices out there and just<00:05:49.020> enable<00:05:49.830> them<00:05:49.979> with<00:05:50.610> our<00:05:50.760> smart<00:05:51.030> contract 00:05:51.469 --> 00:05:51.479 align:start position:0% just enable them with our smart contract 00:05:51.479 --> 00:05:52.730 align:start position:0% just enable them with our smart contract to<00:05:51.599> be<00:05:51.720> controlled<00:05:52.260> by<00:05:52.409> the<00:05:52.470> blockchain 00:05:52.730 --> 00:05:52.740 align:start position:0% to be controlled by the blockchain 00:05:52.740 --> 00:05:55.249 align:start position:0% to be controlled by the blockchain instead<00:05:53.340> of<00:05:53.460> just<00:05:53.699> by<00:05:53.909> an<00:05:53.970> F<00:05:54.150> because<00:05:54.840> you<00:05:55.139> know 00:05:55.249 --> 00:05:55.259 align:start position:0% instead of just by an F because you know 00:05:55.259 --> 00:05:56.420 align:start position:0% instead of just by an F because you know all<00:05:55.380> the<00:05:55.500> Internet<00:05:55.800> of<00:05:55.830> Things<00:05:55.949> you<00:05:56.310> have 00:05:56.420 --> 00:05:56.430 align:start position:0% all the Internet of Things you have 00:05:56.430 --> 00:05:58.550 align:start position:0% all the Internet of Things you have those<00:05:56.550> cool<00:05:56.820> devices<00:05:57.509> but<00:05:57.840> basically<00:05:58.259> all<00:05:58.409> you 00:05:58.550 --> 00:05:58.560 align:start position:0% those cool devices but basically all you 00:05:58.560 --> 00:06:00.710 align:start position:0% those cool devices but basically all you can<00:05:58.620> do<00:05:58.919> is<00:05:59.130> just<00:05:59.610> controlling<00:06:00.090> them<00:06:00.449> with<00:06:00.599> an 00:06:00.710 --> 00:06:00.720 align:start position:0% can do is just controlling them with an 00:06:00.720 --> 00:06:03.770 align:start position:0% can do is just controlling them with an app<00:06:00.900> it's<00:06:01.680> nice<00:06:02.009> but<00:06:02.550> controlling<00:06:03.449> by<00:06:03.720> the 00:06:03.770 --> 00:06:03.780 align:start position:0% app it's nice but controlling by the 00:06:03.780 --> 00:06:05.270 align:start position:0% app it's nice but controlling by the blockchain<00:06:04.139> this<00:06:04.620> gives<00:06:04.860> you<00:06:04.979> complete 00:06:05.270 --> 00:06:05.280 align:start position:0% blockchain this gives you complete 00:06:05.280 --> 00:06:07.960 align:start position:0% blockchain this gives you complete difference<00:06:05.909> in<00:06:06.030> now<00:06:06.150> yours<00:06:06.389> and<00:06:06.570> use<00:06:06.690> cases 00:06:07.960 --> 00:06:07.970 align:start position:0% difference in now yours and use cases 00:06:07.970 --> 00:06:09.230 align:start position:0% difference in now yours and use cases okay 00:06:09.230 --> 00:06:09.240 align:start position:0% okay 00:06:09.240 --> 00:06:11.810 align:start position:0% okay now<00:06:10.229> let's<00:06:10.470> come<00:06:10.620> to<00:06:10.650> other<00:06:10.889> products<00:06:11.430> what 00:06:11.810 --> 00:06:11.820 align:start position:0% now let's come to other products what 00:06:11.820 --> 00:06:12.920 align:start position:0% now let's come to other products what have<00:06:12.000> people<00:06:12.030> until<00:06:12.599> now 00:06:12.920 --> 00:06:12.930 align:start position:0% have people until now 00:06:12.930 --> 00:06:14.960 align:start position:0% have people until now the<00:06:13.440> first<00:06:13.710> thing<00:06:13.979> we<00:06:14.099> come<00:06:14.250> out<00:06:14.430> with<00:06:14.610> is<00:06:14.820> ass 00:06:14.960 --> 00:06:14.970 align:start position:0% the first thing we come out with is ass 00:06:14.970 --> 00:06:17.629 align:start position:0% the first thing we come out with is ass lock<00:06:15.210> home<00:06:15.599> server<00:06:16.020> and<00:06:16.259> i<00:06:17.070> will<00:06:17.220> now<00:06:17.340> try<00:06:17.610> a 00:06:17.629 --> 00:06:17.639 align:start position:0% lock home server and i will now try a 00:06:17.639 --> 00:06:20.270 align:start position:0% lock home server and i will now try a real<00:06:18.060> life<00:06:18.270> demo<00:06:18.570> on<00:06:18.780> real<00:06:18.960> life<00:06:19.169> net<00:06:19.409> so 00:06:20.270 --> 00:06:20.280 align:start position:0% real life demo on real life net so 00:06:20.280 --> 00:06:21.770 align:start position:0% real life demo on real life net so really<00:06:20.550> hope<00:06:20.729> that<00:06:20.909> it<00:06:21.030> works<00:06:21.240> that<00:06:21.360> you<00:06:21.570> turn 00:06:21.770 --> 00:06:21.780 align:start position:0% really hope that it works that you turn 00:06:21.780 --> 00:06:24.580 align:start position:0% really hope that it works that you turn off<00:06:21.960> all<00:06:22.139> your<00:06:22.259> wife<00:06:22.440> eyes<00:06:22.680> and 00:06:24.580 --> 00:06:24.590 align:start position:0% off all your wife eyes and 00:06:24.590 --> 00:06:27.159 align:start position:0% off all your wife eyes and so<00:06:25.340> this<00:06:25.490> is<00:06:25.610> how<00:06:26.150> our<00:06:26.180> app<00:06:26.540> looks<00:06:26.780> like<00:06:26.870> we 00:06:27.159 --> 00:06:27.169 align:start position:0% so this is how our app looks like we 00:06:27.169 --> 00:06:31.030 align:start position:0% so this is how our app looks like we have<00:06:27.320> it<00:06:27.770> on<00:06:27.980> Android<00:06:28.669> and<00:06:29.000> iOS<00:06:29.740> so<00:06:30.740> what<00:06:30.889> if 00:06:31.030 --> 00:06:31.040 align:start position:0% have it on Android and iOS so what if 00:06:31.040 --> 00:06:33.370 align:start position:0% have it on Android and iOS so what if for<00:06:31.400> justice<00:06:31.700> user<00:06:31.970> doing<00:06:32.210> so<00:06:32.960> he<00:06:33.080> can<00:06:33.260> now 00:06:33.370 --> 00:06:33.380 align:start position:0% for justice user doing so he can now 00:06:33.380 --> 00:06:35.379 align:start position:0% for justice user doing so he can now hear<00:06:33.440> if<00:06:34.040> he<00:06:34.340> has<00:06:34.430> the<00:06:34.580> name<00:06:34.730> of<00:06:34.970> this<00:06:35.120> lock 00:06:35.379 --> 00:06:35.389 align:start position:0% hear if he has the name of this lock 00:06:35.389 --> 00:06:37.330 align:start position:0% hear if he has the name of this lock which<00:06:35.870> this<00:06:36.139> log<00:06:36.350> on<00:06:36.590> a<00:06:36.620> record<00:06:36.889> stood<00:06:37.160> on<00:06:37.250> the 00:06:37.330 --> 00:06:37.340 align:start position:0% which this log on a record stood on the 00:06:37.340 --> 00:06:39.280 align:start position:0% which this log on a record stood on the blockchain<00:06:37.550> then<00:06:38.510> he<00:06:38.570> gets<00:06:38.750> the<00:06:38.870> public<00:06:39.200> key 00:06:39.280 --> 00:06:39.290 align:start position:0% blockchain then he gets the public key 00:06:39.290 --> 00:06:41.200 align:start position:0% blockchain then he gets the public key from<00:06:39.410> there<00:06:39.650> otherwise<00:06:40.340> you<00:06:40.639> can<00:06:40.760> type<00:06:40.970> in<00:06:41.120> the 00:06:41.200 --> 00:06:41.210 align:start position:0% from there otherwise you can type in the 00:06:41.210 --> 00:06:43.450 align:start position:0% from there otherwise you can type in the address<00:06:41.330> or<00:06:41.690> just<00:06:41.720> scan<00:06:42.169> in<00:06:42.350> a<00:06:42.440> crack<00:06:42.710> code<00:06:42.950> to 00:06:43.450 --> 00:06:43.460 align:start position:0% address or just scan in a crack code to 00:06:43.460 --> 00:06:45.879 align:start position:0% address or just scan in a crack code to get<00:06:43.610> the<00:06:43.760> public<00:06:44.150> key<00:06:44.360> after<00:06:45.139> smart<00:06:45.470> contract 00:06:45.879 --> 00:06:45.889 align:start position:0% get the public key after smart contract 00:06:45.889 --> 00:06:49.120 align:start position:0% get the public key after smart contract so<00:06:46.880> for<00:06:47.300> now<00:06:47.419> just<00:06:47.450> let's<00:06:47.960> use<00:06:48.230> last<00:06:48.830> used 00:06:49.120 --> 00:06:49.130 align:start position:0% so for now just let's use last used 00:06:49.130 --> 00:06:52.320 align:start position:0% so for now just let's use last used locks<00:06:49.460> for<00:06:50.060> example<00:06:50.540> a<00:06:50.720> power<00:06:50.900> switch<00:06:51.200> and 00:06:52.320 --> 00:06:52.330 align:start position:0% locks for example a power switch and 00:06:52.330 --> 00:06:56.590 align:start position:0% locks for example a power switch and this<00:06:53.330> power<00:06:53.570> switch<00:06:54.280> the<00:06:55.280> owner<00:06:55.460> set<00:06:55.970> here<00:06:56.150> 10 00:06:56.590 --> 00:06:56.600 align:start position:0% this power switch the owner set here 10 00:06:56.600 --> 00:06:58.540 align:start position:0% this power switch the owner set here 10 deficit<00:06:57.139> in<00:06:57.290> buyers<00:06:57.590> at<00:06:57.919> the<00:06:58.010> subunit<00:06:58.430> of 00:06:58.540 --> 00:06:58.550 align:start position:0% deficit in buyers at the subunit of 00:06:58.550 --> 00:07:02.469 align:start position:0% deficit in buyers at the subunit of ether<00:06:58.850> we<00:06:59.630> Lok<00:07:00.100> and<00:07:01.100> the<00:07:01.430> price<00:07:01.669> and<00:07:01.970> viper 00:07:02.469 --> 00:07:02.479 align:start position:0% ether we Lok and the price and viper 00:07:02.479 --> 00:07:05.940 align:start position:0% ether we Lok and the price and viper minute<00:07:02.960> for<00:07:03.440> example<00:07:04.030> what<00:07:05.030> I<00:07:05.060> would<00:07:05.330> do<00:07:05.450> now<00:07:05.630> I 00:07:05.940 --> 00:07:05.950 align:start position:0% minute for example what I would do now I 00:07:05.950 --> 00:07:09.640 align:start position:0% minute for example what I would do now I rent<00:07:06.950> it<00:07:07.130> and<00:07:07.460> this<00:07:08.360> is<00:07:08.510> now<00:07:08.720> sending<00:07:09.350> a 00:07:09.640 --> 00:07:09.650 align:start position:0% rent it and this is now sending a 00:07:09.650 --> 00:07:11.650 align:start position:0% rent it and this is now sending a transaction<00:07:10.490> and<00:07:10.639> the<00:07:10.700> ethion<00:07:11.060> blockchain<00:07:11.479> so 00:07:11.650 --> 00:07:11.660 align:start position:0% transaction and the ethion blockchain so 00:07:11.660 --> 00:07:13.810 align:start position:0% transaction and the ethion blockchain so now<00:07:11.810> we<00:07:11.870> wait<00:07:12.200> for<00:07:12.500> one<00:07:12.680> block<00:07:12.979> to<00:07:13.100> confirm<00:07:13.490> it 00:07:13.810 --> 00:07:13.820 align:start position:0% now we wait for one block to confirm it 00:07:13.820 --> 00:07:15.550 align:start position:0% now we wait for one block to confirm it but<00:07:14.360> you<00:07:14.450> could<00:07:14.630> do<00:07:14.750> this<00:07:14.930> like<00:07:15.139> couple<00:07:15.470> of 00:07:15.550 --> 00:07:15.560 align:start position:0% but you could do this like couple of 00:07:15.560 --> 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a syntax to 00:07:23.150 --> 00:07:24.550 align:start position:0% to now one block to to get a syntax to confirm<00:07:23.479> that's<00:07:23.690> actually<00:07:24.020> really<00:07:24.169> happening 00:07:24.550 --> 00:07:24.560 align:start position:0% confirm that's actually really happening 00:07:24.560 --> 00:07:28.180 align:start position:0% confirm that's actually really happening on<00:07:24.710> the<00:07:24.830> life<00:07:24.979> if<00:07:25.550> you<00:07:25.850> network<00:07:26.270> right<00:07:26.389> now<00:07:27.190> so 00:07:28.180 --> 00:07:28.190 align:start position:0% on the life if you network right now so 00:07:28.190 --> 00:07:29.890 align:start position:0% on the life if you network right now so after<00:07:28.610> this<00:07:28.760> transaction<00:07:29.210> is<00:07:29.479> going<00:07:29.510> through 00:07:29.890 --> 00:07:29.900 align:start position:0% after this transaction is going through 00:07:29.900 --> 00:07:32.320 align:start position:0% after this transaction is going through I<00:07:30.140> am<00:07:30.919> the<00:07:31.070> current<00:07:31.310> user<00:07:31.789> in<00:07:32.030> a<00:07:32.090> smart 00:07:32.320 --> 00:07:32.330 align:start position:0% I am the current user in a smart 00:07:32.330 --> 00:07:34.360 align:start position:0% I am the current user in a smart contract<00:07:32.539> and<00:07:32.990> then<00:07:33.350> I<00:07:33.440> have<00:07:33.530> access<00:07:33.979> to<00:07:34.220> open 00:07:34.360 --> 00:07:34.370 align:start position:0% contract and then I have access to open 00:07:34.370 --> 00:07:36.640 align:start position:0% contract and then I have access to open and<00:07:34.640> close<00:07:34.820> it<00:07:35.000> so<00:07:35.419> now<00:07:35.510> it's<00:07:35.660> done<00:07:35.870> thank<00:07:36.530> you 00:07:36.640 --> 00:07:36.650 align:start position:0% and close it so now it's done thank you 00:07:36.650 --> 00:07:41.020 align:start position:0% and close it so now it's done thank you -<00:07:36.830> and<00:07:38.380> now<00:07:39.380> if<00:07:39.530> I<00:07:39.620> for<00:07:39.830> example<00:07:39.860> push<00:07:40.760> this 00:07:41.020 --> 00:07:41.030 align:start position:0% - and now if I for example push this 00:07:41.030 --> 00:07:44.590 align:start position:0% - and now if I for example push this open<00:07:41.390> button<00:07:41.570> and<00:07:41.979> this<00:07:43.030> power<00:07:44.030> switch<00:07:44.240> there 00:07:44.590 --> 00:07:44.600 align:start position:0% open button and this power switch there 00:07:44.600 --> 00:07:48.040 align:start position:0% open button and this power switch there goes<00:07:45.289> on<00:07:45.640> okay<00:07:46.640> you<00:07:47.120> can<00:07:47.300> think<00:07:47.510> about<00:07:47.600> here<00:07:47.870> - 00:07:48.040 --> 00:07:48.050 align:start position:0% goes on okay you can think about here - 00:07:48.050 --> 00:07:49.690 align:start position:0% goes on okay you can think about here - just<00:07:48.200> the<00:07:48.350> kettle<00:07:48.650> but<00:07:49.130> you<00:07:49.250> can<00:07:49.400> think<00:07:49.610> about 00:07:49.690 --> 00:07:49.700 align:start position:0% just the kettle but you can think about 00:07:49.700 --> 00:07:51.880 align:start position:0% just the kettle but you can think about a<00:07:49.820> washing<00:07:50.180> machine<00:07:50.210> a<00:07:50.810> trial<00:07:51.410> which<00:07:51.560> just 00:07:51.880 --> 00:07:51.890 align:start position:0% a washing machine a trial which just 00:07:51.890 --> 00:07:53.650 align:start position:0% a washing machine a trial which just went<00:07:52.100> out<00:07:52.310> in<00:07:52.520> your<00:07:52.640> shared<00:07:52.880> apartment<00:07:53.479> for 00:07:53.650 --> 00:07:53.660 align:start position:0% went out in your shared apartment for 00:07:53.660 --> 00:07:56.680 align:start position:0% went out in your shared apartment for example<00:07:54.139> and<00:07:54.490> it<00:07:55.490> lets<00:07:56.000> us<00:07:56.150> say<00:07:56.330> your<00:07:56.450> shared 00:07:56.680 --> 00:07:56.690 align:start position:0% example and it lets us say your shared 00:07:56.690 --> 00:07:58.510 align:start position:0% example and it lets us say your shared apartment<00:07:57.169> five<00:07:57.380> people<00:07:57.770> one<00:07:58.280> bought<00:07:58.490> a 00:07:58.510 --> 00:07:58.520 align:start position:0% apartment five people one bought a 00:07:58.520 --> 00:08:00.460 align:start position:0% apartment five people one bought a washing<00:07:58.910> machine<00:07:58.940> so<00:07:59.389> other<00:07:59.960> people<00:08:00.050> want<00:08:00.380> to 00:08:00.460 --> 00:08:00.470 align:start position:0% washing machine so other people want to 00:08:00.470 --> 00:08:02.529 align:start position:0% washing machine so other people want to use<00:08:00.500> it<00:08:00.830> they<00:08:01.190> just<00:08:01.430> pay<00:08:01.639> one<00:08:01.880> ether<00:08:02.240> of<00:08:02.419> one 00:08:02.529 --> 00:08:02.539 align:start position:0% use it they just pay one ether of one 00:08:02.539 --> 00:08:04.600 align:start position:0% use it they just pay one ether of one dollar<00:08:02.780> to<00:08:03.200> use<00:08:03.350> it<00:08:03.500> but<00:08:04.160> you<00:08:04.220> don't<00:08:04.490> need<00:08:04.550> to 00:08:04.600 --> 00:08:04.610 align:start position:0% dollar to use it but you don't need to 00:08:04.610 --> 00:08:06.460 align:start position:0% dollar to use it but you don't need to handle<00:08:05.150> any<00:08:05.389> of<00:08:05.479> those<00:08:05.660> things<00:08:05.900> payments 00:08:06.460 --> 00:08:06.470 align:start position:0% handle any of those things payments 00:08:06.470 --> 00:08:09.279 align:start position:0% handle any of those things payments automated<00:08:07.010> the<00:08:07.639> device<00:08:08.150> is<00:08:08.450> really<00:08:08.690> connected 00:08:09.279 --> 00:08:09.289 align:start position:0% automated the device is really connected 00:08:09.289 --> 00:08:11.830 align:start position:0% automated the device is really connected to<00:08:09.680> the<00:08:09.770> blockchain<00:08:09.979> so<00:08:10.729> you<00:08:10.820> can<00:08:11.030> yeah<00:08:11.720> you 00:08:11.830 --> 00:08:11.840 align:start position:0% to the blockchain so you can yeah you 00:08:11.840 --> 00:08:13.570 align:start position:0% to the blockchain so you can yeah you can<00:08:11.990> have<00:08:12.139> a<00:08:12.169> lot<00:08:12.410> of<00:08:12.560> things<00:08:13.039> behind<00:08:13.400> the 00:08:13.570 --> 00:08:13.580 align:start position:0% can have a lot of things behind the 00:08:13.580 --> 00:08:15.040 align:start position:0% can have a lot of things behind the power<00:08:13.789> outlet<00:08:14.000> just<00:08:14.300> get<00:08:14.750> your<00:08:14.870> imagination 00:08:15.040 --> 00:08:15.050 align:start position:0% power outlet just get your imagination 00:08:15.050 --> 00:08:17.620 align:start position:0% power outlet just get your imagination going<00:08:15.530> in<00:08:15.979> industrial<00:08:16.850> processes<00:08:17.450> like 00:08:17.620 --> 00:08:17.630 align:start position:0% going in industrial processes like 00:08:17.630 --> 00:08:20.110 align:start position:0% going in industrial processes like paying<00:08:17.960> money<00:08:18.260> to<00:08:18.380> use<00:08:18.979> a<00:08:19.010> big<00:08:19.370> machine<00:08:19.580> behind 00:08:20.110 --> 00:08:20.120 align:start position:0% paying money to use a big machine behind 00:08:20.120 --> 00:08:21.909 align:start position:0% paying money to use a big machine behind the<00:08:20.210> power<00:08:20.330> outlet<00:08:20.570> a<00:08:20.900> lot<00:08:21.350> of<00:08:21.470> different<00:08:21.800> use 00:08:21.909 --> 00:08:21.919 align:start position:0% the power outlet a lot of different use 00:08:21.919 --> 00:08:23.520 align:start position:0% the power outlet a lot of different use cases 00:08:23.520 --> 00:08:23.530 align:start position:0% cases 00:08:23.530 --> 00:08:25.510 align:start position:0% cases let's<00:08:24.530> I'm<00:08:24.800> going<00:08:24.919> to<00:08:25.010> show<00:08:25.130> you<00:08:25.160> something 00:08:25.510 --> 00:08:25.520 align:start position:0% let's I'm going to show you something 00:08:25.520 --> 00:08:27.040 align:start position:0% let's I'm going to show you something else<00:08:25.639> -<00:08:25.910> like<00:08:25.940> for<00:08:26.300> example<00:08:26.360> the<00:08:26.690> door<00:08:26.900> lock 00:08:27.040 --> 00:08:27.050 align:start position:0% else - like for example the door lock 00:08:27.050 --> 00:08:30.460 align:start position:0% else - like for example the door lock and<00:08:28.270> if<00:08:29.270> you<00:08:29.360> just<00:08:29.539> use<00:08:29.630> a<00:08:29.870> small<00:08:30.110> door<00:08:30.289> lock 00:08:30.460 --> 00:08:30.470 align:start position:0% and if you just use a small door lock 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renting<00:08:39.579> out<00:08:39.789> the 00:08:40.290 --> 00:08:40.300 align:start position:0% ten Issa so I'm now renting out the 00:08:40.300 --> 00:08:43.379 align:start position:0% ten Issa so I'm now renting out the stored<00:08:40.949> and<00:08:41.949> I'm<00:08:42.039> just<00:08:42.279> using<00:08:42.550> now<00:08:42.699> my<00:08:42.909> slog 00:08:43.379 --> 00:08:43.389 align:start position:0% stored and I'm just using now my slog 00:08:43.389 --> 00:08:45.389 align:start position:0% stored and I'm just using now my slog home<00:08:43.659> server<00:08:43.959> to<00:08:44.560> connect<00:08:44.949> to<00:08:45.100> all<00:08:45.250> those 00:08:45.389 --> 00:08:45.399 align:start position:0% home server to connect to all those 00:08:45.399 --> 00:08:48.179 align:start position:0% home server to connect to all those devices<00:08:45.810> so<00:08:46.810> people<00:08:47.410> will<00:08:47.709> already<00:08:47.860> have<00:08:48.160> a 00:08:48.179 --> 00:08:48.189 align:start position:0% devices so people will already have a 00:08:48.189 --> 00:08:51.869 align:start position:0% devices so people will already have a smart<00:08:48.610> home<00:08:49.319> yeah<00:08:50.319> it<00:08:50.470> can<00:08:50.829> now<00:08:50.949> say<00:08:51.220> I<00:08:51.459> can 00:08:51.869 --> 00:08:51.879 align:start position:0% smart home yeah it can now say I can 00:08:51.879 --> 00:08:54.150 align:start position:0% smart home yeah it can now say I can control<00:08:52.389> all<00:08:52.600> those<00:08:52.779> devices<00:08:53.050> with<00:08:53.829> the<00:08:53.980> slock 00:08:54.150 --> 00:08:54.160 align:start position:0% control all those devices with the slock 00:08:54.160 --> 00:08:56.160 align:start position:0% control all those devices with the slock home<00:08:54.370> server<00:08:54.699> so<00:08:55.180> basically<00:08:55.509> you<00:08:55.660> have<00:08:55.779> a<00:08:55.810> it's 00:08:56.160 --> 00:08:56.170 align:start position:0% home server so basically you have a it's 00:08:56.170 --> 00:08:57.720 align:start position:0% home server so basically you have a it's theorem<00:08:56.529> client<00:08:56.920> running<00:08:57.100> in<00:08:57.310> your<00:08:57.430> home<00:08:57.579> you 00:08:57.720 --> 00:08:57.730 align:start position:0% theorem client running in your home you 00:08:57.730 --> 00:08:59.730 align:start position:0% theorem client running in your home you know<00:08:57.879> there's<00:08:58.329> this<00:08:58.540> startup<00:08:59.290> making<00:08:59.620> the 00:08:59.730 --> 00:08:59.740 align:start position:0% know there's this startup making the 00:08:59.740 --> 00:09:02.429 align:start position:0% know there's this startup making the Bitcoin<00:09:00.250> computer<00:09:00.819> and<00:09:01.060> you<00:09:01.449> know<00:09:01.600> but<00:09:02.290> here 00:09:02.429 --> 00:09:02.439 align:start position:0% Bitcoin computer and you know but here 00:09:02.439 --> 00:09:03.600 align:start position:0% Bitcoin computer and you know but here we<00:09:02.500> have<00:09:02.620> the<00:09:02.769> etherion<00:09:03.129> computer<00:09:03.490> in<00:09:03.579> your 00:09:03.600 --> 00:09:03.610 align:start position:0% we have the etherion computer in your 00:09:03.610 --> 00:09:06.840 align:start position:0% we have the etherion computer in your home<00:09:03.850> controlling<00:09:04.720> all<00:09:04.870> of<00:09:04.959> your<00:09:05.050> devices<00:09:05.850> so 00:09:06.840 --> 00:09:06.850 align:start position:0% home controlling all of your devices so 00:09:06.850 --> 00:09:08.670 align:start position:0% home controlling all of your devices so let's<00:09:07.029> narrate<00:09:07.360> for<00:09:07.389> the<00:09:07.600> -<00:09:07.930> so<00:09:08.319> they<00:09:08.439> are<00:09:08.529> done 00:09:08.670 --> 00:09:08.680 align:start position:0% let's narrate for the - so they are done 00:09:08.680 --> 00:09:11.490 align:start position:0% let's narrate for the - so they are done now<00:09:08.860> so<00:09:09.069> here<00:09:09.550> you<00:09:09.670> have<00:09:09.759> a<00:09:09.790> closed<00:09:10.149> door<00:09:10.500> this 00:09:11.490 --> 00:09:11.500 align:start position:0% now so here you have a closed door this 00:09:11.500 --> 00:09:12.269 align:start position:0% now so here you have a closed door this is<00:09:11.680> the<00:09:11.709> door<00:09:11.829> locked 00:09:12.269 --> 00:09:12.279 align:start position:0% is the door locked 00:09:12.279 --> 00:09:13.829 align:start position:0% is the door locked smart<00:09:12.879> he<00:09:13.000> could<00:09:13.180> buy<00:09:13.329> on<00:09:13.449> the<00:09:13.540> market 00:09:13.829 --> 00:09:13.839 align:start position:0% smart he could buy on the market 00:09:13.839 --> 00:09:16.199 align:start position:0% smart he could buy on the market and<00:09:13.930> Amazon<00:09:14.319> today<00:09:14.709> and<00:09:14.800> I<00:09:15.639> could<00:09:15.819> now<00:09:15.970> say 00:09:16.199 --> 00:09:16.209 align:start position:0% and Amazon today and I could now say 00:09:16.209 --> 00:09:19.379 align:start position:0% and Amazon today and I could now say open<00:09:16.689> and<00:09:17.160> it<00:09:18.160> now<00:09:18.310> they<00:09:18.550> sent<00:09:18.819> a<00:09:18.970> whisper 00:09:19.379 --> 00:09:19.389 align:start position:0% open and it now they sent a whisper 00:09:19.389 --> 00:09:22.590 align:start position:0% open and it now they sent a whisper message<00:09:19.720> that's<00:09:20.019> important<00:09:20.470> and<00:09:21.449> confirm<00:09:22.449> it 00:09:22.590 --> 00:09:22.600 align:start position:0% message that's important and confirm it 00:09:22.600 --> 00:09:25.230 align:start position:0% message that's important and confirm it I<00:09:22.779> hope<00:09:23.439> you<00:09:23.529> can<00:09:23.649> all<00:09:23.680> see<00:09:23.980> it<00:09:24.009> they<00:09:25.000> click 00:09:25.230 --> 00:09:25.240 align:start position:0% I hope you can all see it they click 00:09:25.240 --> 00:09:27.689 align:start position:0% I hope you can all see it they click it's<00:09:26.139> turning<00:09:26.439> around<00:09:26.500> for<00:09:27.009> those<00:09:27.129> influences 00:09:27.689 --> 00:09:27.699 align:start position:0% it's turning around for those influences 00:09:27.699 --> 00:09:30.480 align:start position:0% it's turning around for those influences and<00:09:28.410> now<00:09:29.410> how<00:09:29.500> does<00:09:29.560> it<00:09:29.709> stand<00:09:29.980> because<00:09:30.370> of 00:09:30.480 --> 00:09:30.490 align:start position:0% and now how does it stand because of 00:09:30.490 --> 00:09:31.889 align:start position:0% and now how does it stand because of scalability<00:09:30.939> if<00:09:31.240> you<00:09:31.329> don't<00:09:31.509> know<00:09:31.600> what<00:09:31.720> want 00:09:31.889 --> 00:09:31.899 align:start position:0% scalability if you don't know what want 00:09:31.899 --> 00:09:34.139 align:start position:0% scalability if you don't know what want to<00:09:32.050> send<00:09:32.319> a<00:09:32.500> theorem<00:09:33.100> transaction<00:09:33.730> for<00:09:33.850> every 00:09:34.139 --> 00:09:34.149 align:start position:0% to send a theorem transaction for every 00:09:34.149 --> 00:09:35.939 align:start position:0% to send a theorem transaction for every time<00:09:34.360> you<00:09:34.480> open<00:09:34.509> closed<00:09:34.990> something<00:09:35.379> so<00:09:35.860> you 00:09:35.939 --> 00:09:35.949 align:start position:0% time you open closed something so you 00:09:35.949 --> 00:09:37.470 align:start position:0% time you open closed something so you only<00:09:36.129> have<00:09:36.250> a<00:09:36.370> theorem<00:09:36.670> transaction<00:09:37.269> for 00:09:37.470 --> 00:09:37.480 align:start position:0% only have a theorem transaction for 00:09:37.480 --> 00:09:39.720 align:start position:0% only have a theorem transaction for renting<00:09:37.899> it<00:09:38.050> and<00:09:38.259> returning<00:09:38.620> it<00:09:38.800> but<00:09:39.579> in 00:09:39.720 --> 00:09:39.730 align:start position:0% renting it and returning it but in 00:09:39.730 --> 00:09:42.150 align:start position:0% renting it and returning it but in between<00:09:39.970> we<00:09:40.240> just<00:09:40.480> use<00:09:40.660> visible<00:09:40.870> messages<00:09:41.500> but 00:09:42.150 --> 00:09:42.160 align:start position:0% between we just use visible messages but 00:09:42.160 --> 00:09:44.249 align:start position:0% between we just use visible messages but I<00:09:42.189> can<00:09:42.430> see<00:09:42.639> it's<00:09:43.209> the<00:09:43.420> signed<00:09:43.779> by<00:09:43.990> the<00:09:44.050> wide 00:09:44.249 --> 00:09:44.259 align:start position:0% I can see it's the signed by the wide 00:09:44.259 --> 00:09:45.720 align:start position:0% I can see it's the signed by the wide public<00:09:44.470> key<00:09:44.829> which<00:09:45.100> I<00:09:45.250> can<00:09:45.430> find<00:09:45.459> the 00:09:45.720 --> 00:09:45.730 align:start position:0% public key which I can find the 00:09:45.730 --> 00:09:48.030 align:start position:0% public key which I can find the blockchain<00:09:45.939> if<00:09:46.360> so<00:09:46.600> I<00:09:46.809> execute<00:09:47.379> open<00:09:47.740> or<00:09:47.860> close 00:09:48.030 --> 00:09:48.040 align:start position:0% blockchain if so I execute open or close 00:09:48.040 --> 00:09:50.280 align:start position:0% blockchain if so I execute open or close so<00:09:48.970> this<00:09:49.180> goes<00:09:49.389> therefore<00:09:49.809> it's<00:09:49.899> much<00:09:50.019> faster 00:09:50.280 --> 00:09:50.290 align:start position:0% so this goes therefore it's much faster 00:09:50.290 --> 00:09:51.869 align:start position:0% so this goes therefore it's much faster me<00:09:50.589> over<00:09:50.769> in<00:09:50.860> front<00:09:51.040> of<00:09:51.160> the<00:09:51.220> door<00:09:51.490> it's<00:09:51.819> just 00:09:51.869 --> 00:09:51.879 align:start position:0% me over in front of the door it's just 00:09:51.879 --> 00:09:53.549 align:start position:0% me over in front of the door it's just the<00:09:52.120> device<00:09:52.329> for<00:09:52.449> matches<00:09:52.750> it<00:09:53.230> takes<00:09:53.439> about 00:09:53.549 --> 00:09:53.559 align:start position:0% the device for matches it takes about 00:09:53.559 --> 00:09:55.139 align:start position:0% the device for matches it takes about one<00:09:53.769> or<00:09:53.860> two<00:09:53.889> seconds<00:09:54.370> and<00:09:54.519> it<00:09:54.639> opens<00:09:54.939> you<00:09:55.000> do 00:09:55.139 --> 00:09:55.149 align:start position:0% one or two seconds and it opens you do 00:09:55.149 --> 00:09:57.929 align:start position:0% one or two seconds and it opens you do not<00:09:55.329> need<00:09:55.600> to<00:09:55.720> wait<00:09:55.870> one<00:09:56.139> block<00:09:56.410> to<00:09:56.939> confirm 00:09:57.929 --> 00:09:57.939 align:start position:0% not need to wait one block to confirm 00:09:57.939 --> 00:10:00.150 align:start position:0% not need to wait one block to confirm this<00:09:58.089> so<00:09:58.750> when<00:09:58.899> I'm<00:09:59.019> done<00:09:59.170> using<00:09:59.559> it<00:09:59.860> I<00:09:59.980> can 00:10:00.150 --> 00:10:00.160 align:start position:0% this so when I'm done using it I can 00:10:00.160 --> 00:10:02.990 align:start position:0% this so when I'm done using it I can return<00:10:00.459> it<00:10:00.670> then<00:10:01.180> I<00:10:01.269> can<00:10:01.420> take<00:10:01.569> my<00:10:01.629> deficit<00:10:02.290> and 00:10:02.990 --> 00:10:03.000 align:start position:0% return it then I can take my deficit and 00:10:03.000 --> 00:10:05.309 align:start position:0% return it then I can take my deficit and minus<00:10:04.000> the<00:10:04.120> costs<00:10:04.509> and<00:10:04.629> the<00:10:04.720> owner<00:10:04.870> gets<00:10:05.170> this 00:10:05.309 --> 00:10:05.319 align:start position:0% minus the costs and the owner gets this 00:10:05.319 --> 00:10:07.799 align:start position:0% minus the costs and the owner gets this cost<00:10:05.559> but<00:10:05.949> so<00:10:06.069> as<00:10:06.279> simple<00:10:06.610> as<00:10:06.699> that<00:10:06.879> so<00:10:07.629> this<00:10:07.750> is 00:10:07.799 --> 00:10:07.809 align:start position:0% cost but so as simple as that so this is 00:10:07.809 --> 00:10:14.160 align:start position:0% cost but so as simple as that so this is how<00:10:08.670> the<00:10:09.670> app<00:10:09.819> works<00:10:11.370> okay<00:10:12.370> also<00:10:13.079> it's<00:10:14.079> just 00:10:14.160 --> 00:10:14.170 align:start position:0% how the app works okay also it's just 00:10:14.170 --> 00:10:16.980 align:start position:0% how the app works okay also it's just another<00:10:14.529> feature<00:10:14.860> which<00:10:15.639> I<00:10:15.850> like<00:10:16.059> you<00:10:16.809> can 00:10:16.980 --> 00:10:16.990 align:start position:0% another feature which I like you can 00:10:16.990 --> 00:10:19.110 align:start position:0% another feature which I like you can think<00:10:17.230> I'm<00:10:17.740> here<00:10:18.160> in<00:10:18.220> front<00:10:18.250> of<00:10:18.639> those<00:10:18.819> devices 00:10:19.110 --> 00:10:19.120 align:start position:0% think I'm here in front of those devices 00:10:19.120 --> 00:10:21.119 align:start position:0% think I'm here in front of those devices but<00:10:19.449> you<00:10:19.569> actually<00:10:19.689> don't<00:10:19.990> need<00:10:20.019> to<00:10:20.139> be<00:10:20.319> I<00:10:20.589> I 00:10:21.119 --> 00:10:21.129 align:start position:0% but you actually don't need to be I I 00:10:21.129 --> 00:10:22.799 align:start position:0% but you actually don't need to be I I can<00:10:21.519> turn<00:10:21.730> out<00:10:21.939> you<00:10:22.149> know<00:10:22.269> we<00:10:22.360> have<00:10:22.449> a<00:10:22.540> bubble 00:10:22.799 --> 00:10:22.809 align:start position:0% can turn out you know we have a bubble 00:10:22.809 --> 00:10:24.480 align:start position:0% can turn out you know we have a bubble machine<00:10:22.899> there<00:10:23.290> doused<00:10:23.500> and<00:10:23.769> I<00:10:24.009> already 00:10:24.480 --> 00:10:24.490 align:start position:0% machine there doused and I already 00:10:24.490 --> 00:10:27.059 align:start position:0% machine there doused and I already rented<00:10:24.759> it<00:10:25.209> so<00:10:25.839> I<00:10:25.870> can<00:10:26.110> now<00:10:26.230> open<00:10:26.680> it<00:10:26.769> and<00:10:27.009> you 00:10:27.059 --> 00:10:27.069 align:start position:0% rented it so I can now open it and you 00:10:27.069 --> 00:10:28.740 align:start position:0% rented it so I can now open it and you know<00:10:27.189> we'll<00:10:27.490> see<00:10:27.759> the<00:10:27.910> bubbles<00:10:28.180> going<00:10:28.389> coming 00:10:28.740 --> 00:10:28.750 align:start position:0% know we'll see the bubbles going coming 00:10:28.750 --> 00:10:30.540 align:start position:0% know we'll see the bubbles going coming out<00:10:28.930> there<00:10:29.139> so<00:10:29.589> you<00:10:29.620> can<00:10:29.800> imagine<00:10:30.250> I'm 00:10:30.540 --> 00:10:30.550 align:start position:0% out there so you can imagine I'm 00:10:30.550 --> 00:10:31.860 align:start position:0% out there so you can imagine I'm standing<00:10:30.939> in<00:10:31.029> front<00:10:31.089> of<00:10:31.209> the<00:10:31.329> door<00:10:31.569> I<00:10:31.689> don't 00:10:31.860 --> 00:10:31.870 align:start position:0% standing in front of the door I don't 00:10:31.870 --> 00:10:33.299 align:start position:0% standing in front of the door I don't have<00:10:31.990> money<00:10:32.199> I<00:10:32.319> just<00:10:32.589> call<00:10:32.769> a<00:10:32.800> friend<00:10:33.069> could 00:10:33.299 --> 00:10:33.309 align:start position:0% have money I just call a friend could 00:10:33.309 --> 00:10:35.040 align:start position:0% have money I just call a friend could you<00:10:33.430> please<00:10:33.639> open<00:10:33.939> this<00:10:34.089> door<00:10:34.269> for<00:10:34.329> me<00:10:34.480> just 00:10:35.040 --> 00:10:35.050 align:start position:0% you please open this door for me just 00:10:35.050 --> 00:10:36.600 align:start position:0% you please open this door for me just sent<00:10:35.230> them<00:10:35.350> either<00:10:35.500> to<00:10:35.649> this<00:10:35.889> account<00:10:36.399> and 00:10:36.600 --> 00:10:36.610 align:start position:0% sent them either to this account and 00:10:36.610 --> 00:10:37.230 align:start position:0% sent them either to this account and it's<00:10:36.730> open 00:10:37.230 --> 00:10:37.240 align:start position:0% it's open 00:10:37.240 --> 00:10:39.119 align:start position:0% it's open so<00:10:37.839> because<00:10:38.439> on<00:10:38.589> the<00:10:38.680> blockchain<00:10:38.920> is 00:10:39.119 --> 00:10:39.129 align:start position:0% so because on the blockchain is 00:10:39.129 --> 00:10:41.999 align:start position:0% so because on the blockchain is international<00:10:39.850> that<00:10:40.300> works<00:10:40.540> so<00:10:41.379> I'll<00:10:41.559> close 00:10:41.999 --> 00:10:42.009 align:start position:0% international that works so I'll close 00:10:42.009 --> 00:10:43.139 align:start position:0% international that works so I'll close it<00:10:42.069> because<00:10:42.490> people<00:10:42.639> don't<00:10:42.879> like<00:10:43.000> it 00:10:43.139 --> 00:10:43.149 align:start position:0% it because people don't like it 00:10:43.149 --> 00:10:45.990 align:start position:0% it because people don't like it sometimes<00:10:43.540> to<00:10:43.750> get<00:10:43.870> too<00:10:44.589> many<00:10:44.709> bubbles 00:10:45.990 --> 00:10:46.000 align:start position:0% sometimes to get too many bubbles 00:10:46.000 --> 00:10:51.010 align:start position:0% sometimes to get too many bubbles okay<00:10:47.200> this<00:10:48.200> force<00:10:48.560> about<00:10:48.710> the<00:10:48.980> products<00:10:50.020> so 00:10:51.010 --> 00:10:51.020 align:start position:0% okay this force about the products so 00:10:51.020 --> 00:10:51.940 align:start position:0% okay this force about the products so what<00:10:51.170> else<00:10:51.350> do<00:10:51.470> we<00:10:51.530> have 00:10:51.940 --> 00:10:51.950 align:start position:0% what else do we have 00:10:51.950 --> 00:10:55.450 align:start position:0% what else do we have and<00:10:53.230> this<00:10:54.230> supports<00:10:54.680> that<00:10:54.800> wave<00:10:55.010> stick<00:10:55.280> be<00:10:55.430> a 00:10:55.450 --> 00:10:55.460 align:start position:0% and this supports that wave stick be a 00:10:55.460 --> 00:10:58.150 align:start position:0% and this supports that wave stick be a bluetooth<00:10:55.820> we<00:10:56.750> made<00:10:56.960> I<00:10:57.350> called<00:10:57.650> all<00:10:57.890> in<00:10:57.920> one 00:10:58.150 --> 00:10:58.160 align:start position:0% bluetooth we made I called all in one 00:10:58.160 --> 00:11:00.550 align:start position:0% bluetooth we made I called all in one box<00:10:58.400> a<00:10:58.610> slot<00:10:58.850> power<00:10:59.060> switch<00:10:59.420> here<00:11:00.110> we<00:11:00.230> use<00:11:00.380> this 00:11:00.550 --> 00:11:00.560 align:start position:0% box a slot power switch here we use this 00:11:00.560 --> 00:11:03.280 align:start position:0% box a slot power switch here we use this little<00:11:00.890> tiny<00:11:01.070> int<00:11:01.430> 11<00:11:01.940> connected<00:11:02.600> to<00:11:02.750> relay<00:11:03.020> to 00:11:03.280 --> 00:11:03.290 align:start position:0% little tiny int 11 connected to relay to 00:11:03.290 --> 00:11:05.410 align:start position:0% little tiny int 11 connected to relay to just<00:11:03.830> switch<00:11:04.250> power<00:11:04.520> on<00:11:04.730> and<00:11:04.880> off<00:11:04.940> so<00:11:05.360> you 00:11:05.410 --> 00:11:05.420 align:start position:0% just switch power on and off so you 00:11:05.420 --> 00:11:06.970 align:start position:0% just switch power on and off so you don't<00:11:05.630> need<00:11:05.840> a<00:11:05.900> slot<00:11:06.170> home<00:11:06.380> server<00:11:06.680> for<00:11:06.860> this 00:11:06.970 --> 00:11:06.980 align:start position:0% don't need a slot home server for this 00:11:06.980 --> 00:11:08.920 align:start position:0% don't need a slot home server for this home<00:11:07.610> service<00:11:07.970> good<00:11:08.210> if<00:11:08.360> you<00:11:08.420> want<00:11:08.570> to<00:11:08.660> control 00:11:08.920 --> 00:11:08.930 align:start position:0% home service good if you want to control 00:11:08.930 --> 00:11:10.450 align:start position:0% home service good if you want to control many<00:11:09.200> devices<00:11:09.500> in<00:11:09.680> your<00:11:09.770> home<00:11:09.920> or<00:11:10.130> something 00:11:10.450 --> 00:11:10.460 align:start position:0% many devices in your home or something 00:11:10.460 --> 00:11:12.700 align:start position:0% many devices in your home or something like<00:11:10.580> a<00:11:10.640> door<00:11:10.850> lock<00:11:10.970> but<00:11:11.780> you<00:11:11.900> want<00:11:12.080> to<00:11:12.200> have<00:11:12.620> it 00:11:12.700 --> 00:11:12.710 align:start position:0% like a door lock but you want to have it 00:11:12.710 --> 00:11:14.440 align:start position:0% like a door lock but you want to have it cheaper<00:11:13.130> and<00:11:13.250> all<00:11:13.430> in<00:11:13.580> one<00:11:13.790> box<00:11:14.060> then<00:11:14.300> you<00:11:14.360> have 00:11:14.440 --> 00:11:14.450 align:start position:0% cheaper and all in one box then you have 00:11:14.450 --> 00:11:16.480 align:start position:0% cheaper and all in one box then you have for<00:11:14.630> example<00:11:14.690> the<00:11:15.140> slot<00:11:15.530> power<00:11:15.770> switch<00:11:16.100> you 00:11:16.480 --> 00:11:16.490 align:start position:0% for example the slot power switch you 00:11:16.490 --> 00:11:18.610 align:start position:0% for example the slot power switch you see<00:11:16.670> those<00:11:16.850> prototypes<00:11:17.120> on<00:11:17.540> most<00:11:17.690> and<00:11:17.930> if<00:11:18.500> you 00:11:18.610 --> 00:11:18.620 align:start position:0% see those prototypes on most and if you 00:11:18.620 --> 00:11:21.280 align:start position:0% see those prototypes on most and if you want<00:11:18.740> to<00:11:18.890> try<00:11:19.340> them<00:11:19.460> out<00:11:19.580> now<00:11:20.540> that's<00:11:20.900> really 00:11:21.280 --> 00:11:21.290 align:start position:0% want to try them out now that's really 00:11:21.290 --> 00:11:23.590 align:start position:0% want to try them out now that's really just<00:11:21.530> the<00:11:21.710> beginning<00:11:21.890> and<00:11:22.340> we<00:11:22.400> are<00:11:23.180> currently 00:11:23.590 --> 00:11:23.600 align:start position:0% just the beginning and we are currently 00:11:23.600 --> 00:11:26.350 align:start position:0% just the beginning and we are currently speaking<00:11:23.900> to<00:11:24.800> buy<00:11:25.460> clock<00:11:25.730> manufacturer 00:11:26.350 --> 00:11:26.360 align:start position:0% speaking to buy clock manufacturer 00:11:26.360 --> 00:11:28.360 align:start position:0% speaking to buy clock manufacturer they're<00:11:26.570> doing<00:11:26.750> smart<00:11:27.020> buy<00:11:27.230> clocks<00:11:27.560> so<00:11:28.160> it<00:11:28.250> can 00:11:28.360 --> 00:11:28.370 align:start position:0% they're doing smart buy clocks so it can 00:11:28.370 --> 00:11:30.010 align:start position:0% they're doing smart buy clocks so it can really<00:11:28.520> rent<00:11:28.850> out<00:11:29.060> your<00:11:29.120> bike<00:11:29.570> for<00:11:29.930> example 00:11:30.010 --> 00:11:30.020 align:start position:0% really rent out your bike for example 00:11:30.020 --> 00:11:32.650 align:start position:0% really rent out your bike for example just<00:11:30.740> lock<00:11:31.010> it<00:11:31.160> with<00:11:31.250> a<00:11:31.310> slot<00:11:31.610> and<00:11:31.910> then<00:11:32.540> you 00:11:32.650 --> 00:11:32.660 align:start position:0% just lock it with a slot and then you 00:11:32.660 --> 00:11:34.300 align:start position:0% just lock it with a slot and then you can<00:11:32.840> leave<00:11:33.260> it<00:11:33.380> for<00:11:33.530> three<00:11:33.740> or<00:11:33.770> four<00:11:33.890> months 00:11:34.300 --> 00:11:34.310 align:start position:0% can leave it for three or four months 00:11:34.310 --> 00:11:36.070 align:start position:0% can leave it for three or four months and<00:11:34.400> people<00:11:34.550> can<00:11:34.850> just<00:11:35.000> find<00:11:35.270> it<00:11:35.450> unlock<00:11:35.870> it 00:11:36.070 --> 00:11:36.080 align:start position:0% and people can just find it unlock it 00:11:36.080 --> 00:11:38.290 align:start position:0% and people can just find it unlock it drive<00:11:36.350> around<00:11:36.470> leave<00:11:36.950> it<00:11:37.070> there<00:11:37.250> with<00:11:37.700> GPS<00:11:38.150> you 00:11:38.290 --> 00:11:38.300 align:start position:0% drive around leave it there with GPS you 00:11:38.300 --> 00:11:40.480 align:start position:0% drive around leave it there with GPS you can<00:11:38.480> say<00:11:38.630> rather<00:11:38.870> should<00:11:39.080> leave<00:11:39.290> it<00:11:39.440> and<00:11:39.560> so<00:11:40.400> we 00:11:40.480 --> 00:11:40.490 align:start position:0% can say rather should leave it and so we 00:11:40.490 --> 00:11:41.980 align:start position:0% can say rather should leave it and so we are<00:11:40.580> partnering<00:11:41.030> up<00:11:41.150> right<00:11:41.390> now<00:11:41.570> is<00:11:41.750> a<00:11:41.780> bike 00:11:41.980 --> 00:11:41.990 align:start position:0% are partnering up right now is a bike 00:11:41.990 --> 00:11:44.110 align:start position:0% are partnering up right now is a bike lock<00:11:42.140> company<00:11:42.530> if<00:11:42.860> also<00:11:43.460> company<00:11:43.820> building 00:11:44.110 --> 00:11:44.120 align:start position:0% lock company if also company building 00:11:44.120 --> 00:11:46.510 align:start position:0% lock company if also company building small<00:11:44.390> pack<00:11:44.660> love<00:11:44.870> padlocks<00:11:45.200> so<00:11:46.160> thinking 00:11:46.510 --> 00:11:46.520 align:start position:0% small pack love padlocks so thinking 00:11:46.520 --> 00:11:48.520 align:start position:0% small pack love padlocks so thinking about<00:11:46.790> just<00:11:47.120> a<00:11:47.210> locker<00:11:47.420> they<00:11:48.080> can<00:11:48.230> have<00:11:48.350> some 00:11:48.520 --> 00:11:48.530 align:start position:0% about just a locker they can have some 00:11:48.530 --> 00:11:50.560 align:start position:0% about just a locker they can have some stuff<00:11:48.800> in<00:11:49.010> there<00:11:49.160> lock<00:11:49.550> it<00:11:49.730> and<00:11:50.000> people<00:11:50.210> pay<00:11:50.510> to 00:11:50.560 --> 00:11:50.570 align:start position:0% stuff in there lock it and people pay to 00:11:50.570 --> 00:11:53.080 align:start position:0% stuff in there lock it and people pay to open<00:11:50.870> it<00:11:51.110> and<00:11:51.230> get<00:11:51.380> it<00:11:51.560> I<00:11:51.680> could<00:11:52.520> imagine<00:11:52.760> for 00:11:53.080 --> 00:11:53.090 align:start position:0% open it and get it I could imagine for 00:11:53.090 --> 00:11:56.290 align:start position:0% open it and get it I could imagine for example<00:11:53.180> a<00:11:53.690> store<00:11:54.470> which<00:11:54.920> is<00:11:54.950> open<00:11:55.400> 24/7<00:11:56.030> is 00:11:56.290 --> 00:11:56.300 align:start position:0% example a store which is open 24/7 is 00:11:56.300 --> 00:11:58.960 align:start position:0% example a store which is open 24/7 is out<00:11:56.480> any<00:11:56.690> stuff<00:11:57.020> and<00:11:57.440> the<00:11:58.400> things<00:11:58.610> in<00:11:58.790> there 00:11:58.960 --> 00:11:58.970 align:start position:0% out any stuff and the things in there 00:11:58.970 --> 00:12:00.850 align:start position:0% out any stuff and the things in there are<00:11:59.210> just<00:11:59.390> locked<00:11:59.660> with<00:11:59.840> this<00:11:59.960> lock<00:12:00.170> you<00:12:00.680> can 00:12:00.850 --> 00:12:00.860 align:start position:0% are just locked with this lock you can 00:12:00.860 --> 00:12:02.110 align:start position:0% are just locked with this lock you can go<00:12:01.070> down<00:12:01.280> the<00:12:01.400> middle<00:12:01.610> of<00:12:01.700> the<00:12:01.790> night<00:12:01.940> because 00:12:02.110 --> 00:12:02.120 align:start position:0% go down the middle of the night because 00:12:02.120 --> 00:12:03.940 align:start position:0% go down the middle of the night because you<00:12:02.360> really<00:12:02.630> need<00:12:02.780> a<00:12:02.810> smartphone<00:12:03.230> and<00:12:03.530> then 00:12:03.940 --> 00:12:03.950 align:start position:0% you really need a smartphone and then 00:12:03.950 --> 00:12:07.300 align:start position:0% you really need a smartphone and then you<00:12:04.070> just<00:12:04.280> unlock<00:12:04.750> the<00:12:05.750> lock<00:12:05.930> pay<00:12:06.560> for<00:12:06.800> it<00:12:06.890> grab 00:12:07.300 --> 00:12:07.310 align:start position:0% you just unlock the lock pay for it grab 00:12:07.310 --> 00:12:09.490 align:start position:0% you just unlock the lock pay for it grab it<00:12:07.400> and<00:12:07.550> go<00:12:07.700> so<00:12:08.420> you<00:12:08.480> can<00:12:08.630> really<00:12:08.810> automate<00:12:09.200> a 00:12:09.490 --> 00:12:09.500 align:start position:0% it and go so you can really automate a 00:12:09.500 --> 00:12:11.110 align:start position:0% it and go so you can really automate a lot<00:12:09.530> of<00:12:09.830> things<00:12:10.070> so<00:12:10.220> everything<00:12:10.670> you<00:12:10.730> can<00:12:10.910> lock 00:12:11.110 --> 00:12:11.120 align:start position:0% lot of things so everything you can lock 00:12:11.120 --> 00:12:13.720 align:start position:0% lot of things so everything you can lock you<00:12:11.660> can<00:12:11.870> now<00:12:11.990> when<00:12:12.260> send<00:12:12.530> shared<00:12:12.800> so<00:12:13.550> it's<00:12:13.670> a 00:12:13.720 --> 00:12:13.730 align:start position:0% you can now when send shared so it's a 00:12:13.730 --> 00:12:16.050 align:start position:0% you can now when send shared so it's a real<00:12:13.880> powerful<00:12:14.390> platform<00:12:15.020> to<00:12:15.110> be<00:12:15.200> used<00:12:15.410> and 00:12:16.050 --> 00:12:16.060 align:start position:0% real powerful platform to be used and 00:12:16.060 --> 00:12:18.550 align:start position:0% real powerful platform to be used and every<00:12:17.060> time<00:12:17.270> I<00:12:17.300> talked<00:12:17.690> about<00:12:17.990> this<00:12:18.410> to 00:12:18.550 --> 00:12:18.560 align:start position:0% every time I talked about this to 00:12:18.560 --> 00:12:20.290 align:start position:0% every time I talked about this to someone<00:12:18.800> they<00:12:19.310> came<00:12:19.520> up<00:12:19.700> with<00:12:19.850> different<00:12:20.000> use 00:12:20.290 --> 00:12:20.300 align:start position:0% someone they came up with different use 00:12:20.300 --> 00:12:22.480 align:start position:0% someone they came up with different use cases<00:12:20.570> like<00:12:21.200> having<00:12:21.590> a<00:12:21.650> parking<00:12:22.040> slot<00:12:22.280> for 00:12:22.480 --> 00:12:22.490 align:start position:0% cases like having a parking slot for 00:12:22.490 --> 00:12:23.950 align:start position:0% cases like having a parking slot for example<00:12:22.850> and<00:12:23.000> out<00:12:23.150> your<00:12:23.330> parking<00:12:23.660> slot<00:12:23.840> in 00:12:23.950 --> 00:12:23.960 align:start position:0% example and out your parking slot in 00:12:23.960 --> 00:12:26.110 align:start position:0% example and out your parking slot in front<00:12:24.140> of<00:12:24.230> your<00:12:24.350> door<00:12:24.470> other<00:12:25.190> use<00:12:25.430> cases<00:12:25.760> and 00:12:26.110 --> 00:12:26.120 align:start position:0% front of your door other use cases and 00:12:26.120 --> 00:12:28.270 align:start position:0% front of your door other use cases and use<00:12:26.630> your<00:12:26.840> power<00:12:27.080> order<00:12:27.350> to<00:12:27.500> charge<00:12:27.710> car<00:12:28.070> so 00:12:28.270 --> 00:12:28.280 align:start position:0% use your power order to charge car so 00:12:28.280 --> 00:12:29.920 align:start position:0% use your power order to charge car so the<00:12:28.340> electric<00:12:28.640> cars<00:12:28.850> can<00:12:28.970> park<00:12:29.330> in<00:12:29.540> front<00:12:29.780> of 00:12:29.920 --> 00:12:29.930 align:start position:0% the electric cars can park in front of 00:12:29.930 --> 00:12:32.620 align:start position:0% the electric cars can park in front of just<00:12:30.170> your<00:12:30.350> home<00:12:30.590> and<00:12:30.830> they<00:12:31.730> paying<00:12:32.060> you<00:12:32.150> for 00:12:32.620 --> 00:12:32.630 align:start position:0% just your home and they paying you for 00:12:32.630 --> 00:12:34.150 align:start position:0% just your home and they paying you for getting<00:12:32.930> some<00:12:33.050> energy<00:12:33.380> of<00:12:33.470> your<00:12:33.560> house<00:12:33.740> before 00:12:34.150 --> 00:12:34.160 align:start position:0% getting some energy of your house before 00:12:34.160 --> 00:12:36.670 align:start position:0% getting some energy of your house before they<00:12:34.460> go<00:12:34.850> along<00:12:34.940> driving<00:12:35.480> so<00:12:36.080> there's<00:12:36.410> a<00:12:36.470> lot 00:12:36.670 --> 00:12:36.680 align:start position:0% they go along driving so there's a lot 00:12:36.680 --> 00:12:38.260 align:start position:0% they go along driving so there's a lot of<00:12:36.710> things<00:12:37.490> you<00:12:37.670> could<00:12:37.820> do<00:12:37.970> with<00:12:38.120> this 00:12:38.260 --> 00:12:38.270 align:start position:0% of things you could do with this 00:12:38.270 --> 00:12:41.170 align:start position:0% of things you could do with this technology<00:12:38.710> so<00:12:39.710> our<00:12:40.070> vision<00:12:40.430> of<00:12:40.700> course<00:12:40.910> is 00:12:41.170 --> 00:12:41.180 align:start position:0% technology so our vision of course is 00:12:41.180 --> 00:12:43.480 align:start position:0% technology so our vision of course is far<00:12:41.870> greater<00:12:41.900> than<00:12:42.500> just<00:12:42.770> the<00:12:43.130> Chairman 00:12:43.480 --> 00:12:43.490 align:start position:0% far greater than just the Chairman 00:12:43.490 --> 00:12:45.580 align:start position:0% far greater than just the Chairman sharing<00:12:44.240> economy<00:12:44.690> that's<00:12:45.170> where<00:12:45.350> we<00:12:45.410> want<00:12:45.560> to 00:12:45.580 --> 00:12:45.590 align:start position:0% sharing economy that's where we want to 00:12:45.590 --> 00:12:47.980 align:start position:0% sharing economy that's where we want to start<00:12:45.920> but<00:12:46.640> you<00:12:46.760> know<00:12:46.910> in<00:12:47.180> a<00:12:47.330> lot<00:12:47.420> of<00:12:47.540> things<00:12:47.780> is 00:12:47.980 --> 00:12:47.990 align:start position:0% start but you know in a lot of things is 00:12:47.990 --> 00:12:50.350 align:start position:0% start but you know in a lot of things is going<00:12:48.290> to<00:12:48.500> be<00:12:48.620> a<00:12:48.920> big<00:12:49.190> thing<00:12:49.460> I<00:12:49.700> think<00:12:50.270> the 00:12:50.350 --> 00:12:50.360 align:start position:0% going to be a big thing I think the 00:12:50.360 --> 00:12:52.270 align:start position:0% going to be a big thing I think the first<00:12:50.660> thing<00:12:50.780> when<00:12:51.140> a<00:12:51.170> developer<00:12:51.410> sisters<00:12:52.070> he 00:12:52.270 --> 00:12:52.280 align:start position:0% first thing when a developer sisters he 00:12:52.280 --> 00:12:54.130 align:start position:0% first thing when a developer sisters he thinks<00:12:52.490> about<00:12:52.640> our<00:12:52.850> scalability<00:12:53.240> you<00:12:53.900> can't 00:12:54.130 --> 00:12:54.140 align:start position:0% thinks about our scalability you can't 00:12:54.140 --> 00:12:56.680 align:start position:0% thinks about our scalability you can't do<00:12:54.260> this<00:12:54.350> on<00:12:54.470> the<00:12:54.560> etherium<00:12:54.920> blockchain<00:12:55.690> to 00:12:56.680 --> 00:12:56.690 align:start position:0% do this on the etherium blockchain to 00:12:56.690 --> 00:12:59.170 align:start position:0% do this on the etherium blockchain to and<00:12:56.930> not<00:12:57.050> to<00:12:57.350> the<00:12:58.040> good<00:12:58.250> thing<00:12:58.460> is<00:12:58.640> that's<00:12:58.880> a 00:12:59.170 --> 00:12:59.180 align:start position:0% and not to the good thing is that's a 00:12:59.180 --> 00:13:01.000 align:start position:0% and not to the good thing is that's a for<00:12:59.450> IBM<00:12:59.810> Islam<00:13:00.080> song<00:13:00.290> they<00:13:00.440> cannot<00:13:00.680> put<00:13:00.860> all 00:13:01.000 --> 00:13:01.010 align:start position:0% for IBM Islam song they cannot put all 00:13:01.010 --> 00:13:02.470 align:start position:0% for IBM Islam song they cannot put all the<00:13:01.100> device<00:13:01.370> on<00:13:01.550> the<00:13:01.610> blockchain<00:13:01.850> but 00:13:02.470 --> 00:13:02.480 align:start position:0% the device on the blockchain but 00:13:02.480 --> 00:13:04.510 align:start position:0% the device on the blockchain but actually<00:13:02.810> we<00:13:02.930> can<00:13:03.100> because<00:13:04.100> you<00:13:04.250> don't<00:13:04.280> have 00:13:04.510 --> 00:13:04.520 align:start position:0% actually we can because you don't have 00:13:04.520 --> 00:13:06.790 align:start position:0% actually we can because you don't have that<00:13:04.730> many<00:13:04.910> devices<00:13:05.390> yet<00:13:05.570> so<00:13:05.960> scalability<00:13:06.680> is 00:13:06.790 --> 00:13:06.800 align:start position:0% that many devices yet so scalability is 00:13:06.800 --> 00:13:08.650 align:start position:0% that many devices yet so scalability is not<00:13:06.980> a<00:13:07.010> proper<00:13:07.400> for<00:13:07.550> us<00:13:07.610> the<00:13:07.790> next<00:13:08.000> coming<00:13:08.360> two 00:13:08.650 --> 00:13:08.660 align:start position:0% not a proper for us the next coming two 00:13:08.660 --> 00:13:10.600 align:start position:0% not a proper for us the next coming two or<00:13:08.750> three<00:13:08.930> or<00:13:09.050> four<00:13:09.080> years<00:13:09.230> and<00:13:09.620> I<00:13:10.070> hope<00:13:10.250> until 00:13:10.600 --> 00:13:10.610 align:start position:0% or three or four years and I hope until 00:13:10.610 --> 00:13:13.260 align:start position:0% or three or four years and I hope until then<00:13:10.880> Vitalik<00:13:11.450> has<00:13:11.600> solved<00:13:11.870> the<00:13:11.960> problem<00:13:12.320> so 00:13:13.260 --> 00:13:13.270 align:start position:0% then Vitalik has solved the problem so 00:13:13.270 --> 00:13:15.820 align:start position:0% then Vitalik has solved the problem so but<00:13:14.270> for<00:13:14.600> the<00:13:14.720> next<00:13:14.870> couple<00:13:15.260> of<00:13:15.320> years<00:13:15.380> we 00:13:15.820 --> 00:13:15.830 align:start position:0% but for the next couple of years we 00:13:15.830 --> 00:13:17.290 align:start position:0% but for the next couple of years we won't<00:13:16.010> have<00:13:16.130> a<00:13:16.190> problem<00:13:16.280> because<00:13:16.700> really<00:13:17.060> the 00:13:17.290 --> 00:13:17.300 align:start position:0% won't have a problem because really the 00:13:17.300 --> 00:13:19.120 align:start position:0% won't have a problem because really the ethion<00:13:17.630> transaction<00:13:18.170> only<00:13:18.320> to<00:13:18.650> random<00:13:18.980> you 00:13:19.120 --> 00:13:19.130 align:start position:0% ethion transaction only to random you 00:13:19.130 --> 00:13:20.950 align:start position:0% ethion transaction only to random you turn<00:13:19.310> it<00:13:19.460> everything<00:13:20.120> else<00:13:20.240> or<00:13:20.450> just<00:13:20.480> whisper 00:13:20.950 --> 00:13:20.960 align:start position:0% turn it everything else or just whisper 00:13:20.960 --> 00:13:22.690 align:start position:0% turn it everything else or just whisper messaging<00:13:21.320> so<00:13:21.740> it's<00:13:21.860> just<00:13:21.980> basically<00:13:22.220> a<00:13:22.490> user 00:13:22.690 --> 00:13:22.700 align:start position:0% messaging so it's just basically a user 00:13:22.700 --> 00:13:25.090 align:start position:0% messaging so it's just basically a user control<00:13:22.970> system<00:13:23.540> on<00:13:23.690> the<00:13:23.780> blockchain<00:13:23.990> so<00:13:24.950> we 00:13:25.090 --> 00:13:25.100 align:start position:0% control system on the blockchain so we 00:13:25.100 --> 00:13:26.560 align:start position:0% control system on the blockchain so we are<00:13:25.220> hope<00:13:25.400> that<00:13:25.940> we<00:13:26.060> are<00:13:26.120> really<00:13:26.300> the<00:13:26.360> first 00:13:26.560 --> 00:13:26.570 align:start position:0% are hope that we are really the first 00:13:26.570 --> 00:13:29.110 align:start position:0% are hope that we are really the first one<00:13:26.840> to<00:13:27.290> bring<00:13:27.560> together<00:13:27.830> IOT<00:13:28.730> and<00:13:28.910> blockchain 00:13:29.110 --> 00:13:29.120 align:start position:0% one to bring together IOT and blockchain 00:13:29.120 --> 00:13:31.660 align:start position:0% one to bring together IOT and blockchain war<00:13:29.540> on<00:13:29.780> the<00:13:30.020> etherium<00:13:30.530> and<00:13:30.770> i<00:13:31.310> think<00:13:31.550> that's 00:13:31.660 --> 00:13:31.670 align:start position:0% war on the etherium and i think that's 00:13:31.670 --> 00:13:33.610 align:start position:0% war on the etherium and i think that's the<00:13:31.730> first<00:13:31.910> real<00:13:32.180> prototypes<00:13:32.690> to<00:13:32.870> see<00:13:33.020> working 00:13:33.610 --> 00:13:33.620 align:start position:0% the first real prototypes to see working 00:13:33.620 --> 00:13:35.500 align:start position:0% the first real prototypes to see working everyone's<00:13:34.160> talking<00:13:34.610> about<00:13:34.670> this<00:13:35.030> big<00:13:35.270> thing 00:13:35.500 --> 00:13:35.510 align:start position:0% everyone's talking about this big thing 00:13:35.510 --> 00:13:39.310 align:start position:0% everyone's talking about this big thing IOT<00:13:35.900> blockchain<00:13:36.350> but<00:13:36.560> it<00:13:37.160> just<00:13:37.340> did<00:13:37.550> it<00:13:38.080> ok 00:13:39.310 --> 00:13:39.320 align:start position:0% IOT blockchain but it just did it ok 00:13:39.320 --> 00:13:42.040 align:start position:0% IOT blockchain but it just did it ok I<00:13:39.350> hope<00:13:40.130> those<00:13:40.430> things<00:13:40.700> were<00:13:41.390> amazing<00:13:41.810> to<00:13:41.930> you 00:13:42.040 --> 00:13:42.050 align:start position:0% I hope those things were amazing to you 00:13:42.050 --> 00:13:45.040 align:start position:0% I hope those things were amazing to you but<00:13:42.620> we<00:13:42.740> have<00:13:42.770> just<00:13:43.220> another<00:13:43.430> thing<00:13:43.730> and<00:13:44.180> a 00:13:45.040 --> 00:13:45.050 align:start position:0% but we have just another thing and a 00:13:45.050 --> 00:13:47.440 align:start position:0% but we have just another thing and a really<00:13:45.560> cool<00:13:45.800> thing<00:13:45.830> like<00:13:46.220> we're<00:13:46.970> speaking<00:13:47.210> to 00:13:47.440 --> 00:13:47.450 align:start position:0% really cool thing like we're speaking to 00:13:47.450 --> 00:13:48.940 align:start position:0% really cool thing like we're speaking to investors<00:13:47.960> and<00:13:48.230> this<00:13:48.500> there<00:13:48.740> are<00:13:48.830> some 00:13:48.940 --> 00:13:48.950 align:start position:0% investors and this there are some 00:13:48.950 --> 00:13:50.260 align:start position:0% investors and this there are some investors<00:13:49.370> who<00:13:49.460> want<00:13:49.640> to<00:13:49.670> give<00:13:49.850> us<00:13:49.970> some<00:13:50.120> money 00:13:50.260 --> 00:13:50.270 align:start position:0% investors who want to give us some money 00:13:50.270 --> 00:13:52.420 align:start position:0% investors who want to give us some money and<00:13:50.510> I<00:13:51.260> have<00:13:51.350> some<00:13:51.560> how<00:13:51.980> do<00:13:52.040> we<00:13:52.190> do<00:13:52.310> the 00:13:52.420 --> 00:13:52.430 align:start position:0% and I have some how do we do the 00:13:52.430 --> 00:13:53.980 align:start position:0% and I have some how do we do the business<00:13:52.550> model<00:13:53.000> how<00:13:53.090> can<00:13:53.270> we<00:13:53.360> make<00:13:53.510> money<00:13:53.660> we 00:13:53.980 --> 00:13:53.990 align:start position:0% business model how can we make money we 00:13:53.990 --> 00:13:56.950 align:start position:0% business model how can we make money we talked<00:13:54.260> for<00:13:54.530> hours<00:13:54.950> about<00:13:55.370> this<00:13:55.670> and<00:13:56.120> you<00:13:56.480> have 00:13:56.950 --> 00:13:56.960 align:start position:0% talked for hours about this and you have 00:13:56.960 --> 00:13:58.810 align:start position:0% talked for hours about this and you have this<00:13:57.170> aetherium<00:13:57.680> blockchain<00:13:58.130> now<00:13:58.280> so<00:13:58.700> we 00:13:58.810 --> 00:13:58.820 align:start position:0% this aetherium blockchain now so we 00:13:58.820 --> 00:14:01.540 align:start position:0% this aetherium blockchain now so we thought<00:13:59.060> we<00:13:59.540> can<00:13:59.720> do<00:13:59.930> much<00:14:00.170> better<00:14:00.620> today<00:14:00.890> we 00:14:01.540 --> 00:14:01.550 align:start position:0% thought we can do much better today we 00:14:01.550 --> 00:14:03.760 align:start position:0% thought we can do much better today we do<00:14:01.700> not<00:14:01.730> need<00:14:02.300> it<00:14:02.420> to<00:14:02.630> do<00:14:02.750> it<00:14:02.840> old<00:14:03.050> way<00:14:03.260> we<00:14:03.560> can 00:14:03.760 --> 00:14:03.770 align:start position:0% do not need it to do it old way we can 00:14:03.770 --> 00:14:05.710 align:start position:0% do not need it to do it old way we can do<00:14:03.920> it<00:14:04.040> in<00:14:04.190> the<00:14:04.280> blockchain<00:14:04.580> way<00:14:04.970> so<00:14:05.480> what<00:14:05.630> is 00:14:05.710 --> 00:14:05.720 align:start position:0% do it in the blockchain way so what is 00:14:05.720 --> 00:14:07.750 align:start position:0% do it in the blockchain way so what is the<00:14:05.810> blockchain<00:14:06.050> way<00:14:06.500> of<00:14:06.740> creating<00:14:07.370> a<00:14:07.430> company 00:14:07.750 --> 00:14:07.760 align:start position:0% the blockchain way of creating a company 00:14:07.760 --> 00:14:11.440 align:start position:0% the blockchain way of creating a company of<00:14:07.970> course<00:14:08.570> it<00:14:09.110> needs<00:14:09.350> to<00:14:09.500> be<00:14:09.620> in<00:14:09.740> Dao<00:14:10.180> so<00:14:11.180> an 00:14:11.440 --> 00:14:11.450 align:start position:0% of course it needs to be in Dao so an 00:14:11.450 --> 00:14:13.780 align:start position:0% of course it needs to be in Dao so an IVA<00:14:11.600> how<00:14:11.810> today<00:14:12.350> show<00:14:12.710> you<00:14:12.770> how<00:14:13.070> to<00:14:13.130> CEO<00:14:13.700> a 00:14:13.780 --> 00:14:13.790 align:start position:0% IVA how today show you how to CEO a 00:14:13.790 --> 00:14:16.330 align:start position:0% IVA how today show you how to CEO a decentralized<00:14:14.780> autonomous<00:14:15.340> organization 00:14:16.330 --> 00:14:16.340 align:start position:0% decentralized autonomous organization 00:14:16.340 --> 00:14:19.180 align:start position:0% decentralized autonomous organization will<00:14:16.490> work<00:14:17.170> so<00:14:18.170> of<00:14:18.470> course<00:14:18.620> they<00:14:18.830> have<00:14:18.920> to<00:14:18.980> do 00:14:19.180 --> 00:14:19.190 align:start position:0% will work so of course they have to do 00:14:19.190 --> 00:14:21.490 align:start position:0% will work so of course they have to do and<00:14:19.520> you<00:14:19.850> have<00:14:19.940> service<00:14:20.240> provider<00:14:20.660> I<00:14:20.930> hope<00:14:21.290> for 00:14:21.490 --> 00:14:21.500 align:start position:0% and you have service provider I hope for 00:14:21.500 --> 00:14:23.230 align:start position:0% and you have service provider I hope for the<00:14:21.560> first<00:14:21.830> time<00:14:22.100> we<00:14:22.640> will<00:14:22.790> be<00:14:22.880> the<00:14:23.000> service 00:14:23.230 --> 00:14:23.240 align:start position:0% the first time we will be the service 00:14:23.240 --> 00:14:24.700 align:start position:0% the first time we will be the service provider<00:14:23.510> but<00:14:23.900> actually<00:14:24.290> they<00:14:24.410> are<00:14:24.440> free<00:14:24.680> to 00:14:24.700 --> 00:14:24.710 align:start position:0% provider but actually they are free to 00:14:24.710 --> 00:14:26.500 align:start position:0% provider but actually they are free to choose<00:14:25.010> which<00:14:25.220> any<00:14:25.400> for<00:14:26.120> any<00:14:26.240> service 00:14:26.500 --> 00:14:26.510 align:start position:0% choose which any for any service 00:14:26.510 --> 00:14:28.570 align:start position:0% choose which any for any service provider<00:14:26.540> they<00:14:26.930> want<00:14:27.110> to<00:14:27.260> so<00:14:28.250> this<00:14:28.400> the 00:14:28.570 --> 00:14:28.580 align:start position:0% provider they want to so this the 00:14:28.580 --> 00:14:30.040 align:start position:0% provider they want to so this the overall<00:14:28.970> has<00:14:29.180> of<00:14:29.330> course<00:14:29.480> a<00:14:29.660> smart<00:14:29.870> contract 00:14:30.040 --> 00:14:30.050 align:start position:0% overall has of course a smart contract 00:14:30.050 --> 00:14:32.410 align:start position:0% overall has of course a smart contract in<00:14:30.380> the<00:14:30.440> blockchain<00:14:30.620> where<00:14:31.520> the<00:14:31.610> constitution 00:14:32.410 --> 00:14:32.420 align:start position:0% in the blockchain where the constitution 00:14:32.420 --> 00:14:33.400 align:start position:0% in the blockchain where the constitution of<00:14:32.510> the<00:14:32.660> deal<00:14:32.810> stands 00:14:33.400 --> 00:14:33.410 align:start position:0% of the deal stands 00:14:33.410 --> 00:14:37.240 align:start position:0% of the deal stands and<00:14:34.160> you<00:14:34.250> can<00:14:34.430> interact<00:14:34.640> up<00:14:34.940> and<00:14:35.150> equus<00:14:36.250> so 00:14:37.240 --> 00:14:37.250 align:start position:0% and you can interact up and equus so 00:14:37.250 --> 00:14:39.130 align:start position:0% and you can interact up and equus so what<00:14:37.520> are<00:14:37.670> the<00:14:37.760> tasks<00:14:38.000> of<00:14:38.240> the<00:14:38.300> do<00:14:38.510> first<00:14:38.990> of 00:14:39.130 --> 00:14:39.140 align:start position:0% what are the tasks of the do first of 00:14:39.140 --> 00:14:41.080 align:start position:0% what are the tasks of the do first of all<00:14:39.260> they<00:14:39.500> fund<00:14:39.830> the<00:14:39.920> development<00:14:40.100> so<00:14:40.790> we<00:14:40.910> will 00:14:41.080 --> 00:14:41.090 align:start position:0% all they fund the development so we will 00:14:41.090 --> 00:14:43.180 align:start position:0% all they fund the development so we will do<00:14:41.240> a<00:14:41.270> pre-sale<00:14:41.840> will<00:14:42.230> do<00:14:42.350> a<00:14:42.380> fundraising<00:14:42.890> like 00:14:43.180 --> 00:14:43.190 align:start position:0% do a pre-sale will do a fundraising like 00:14:43.190 --> 00:14:45.550 align:start position:0% do a pre-sale will do a fundraising like a<00:14:43.220> crowdfunding<00:14:43.940> and<00:14:44.090> that's<00:14:44.930> where<00:14:45.290> we<00:14:45.410> need 00:14:45.550 --> 00:14:45.560 align:start position:0% a crowdfunding and that's where we need 00:14:45.560 --> 00:14:47.440 align:start position:0% a crowdfunding and that's where we need your<00:14:45.680> help<00:14:45.860> I<00:14:46.100> will<00:14:46.430> now<00:14:46.580> explain<00:14:46.700> to<00:14:47.000> you<00:14:47.270> what 00:14:47.440 --> 00:14:47.450 align:start position:0% your help I will now explain to you what 00:14:47.450 --> 00:14:49.120 align:start position:0% your help I will now explain to you what you<00:14:47.570> can<00:14:47.780> get<00:14:47.990> from<00:14:48.260> this<00:14:48.470> when<00:14:48.980> you 00:14:49.120 --> 00:14:49.130 align:start position:0% you can get from this when you 00:14:49.130 --> 00:14:50.800 align:start position:0% you can get from this when you participate<00:14:49.700> in<00:14:49.730> our<00:14:49.940> presale<00:14:50.660> our 00:14:50.800 --> 00:14:50.810 align:start position:0% participate in our presale our 00:14:50.810 --> 00:14:52.390 align:start position:0% participate in our presale our crowdfunding<00:14:51.020> so<00:14:51.950> you<00:14:52.010> found<00:14:52.250> the 00:14:52.390 --> 00:14:52.400 align:start position:0% crowdfunding so you found the 00:14:52.400 --> 00:14:54.310 align:start position:0% crowdfunding so you found the development<00:14:52.940> you<00:14:53.150> are<00:14:53.720> able<00:14:53.900> to<00:14:54.080> vote<00:14:54.290> and 00:14:54.310 --> 00:14:54.320 align:start position:0% development you are able to vote and 00:14:54.320 --> 00:14:56.800 align:start position:0% development you are able to vote and make<00:14:54.620> your<00:14:54.770> decisions<00:14:55.190> and<00:14:55.400> very<00:14:56.270> importantly 00:14:56.800 --> 00:14:56.810 align:start position:0% make your decisions and very importantly 00:14:56.810 --> 00:15:00.310 align:start position:0% make your decisions and very importantly you<00:14:57.470> control<00:14:58.190> the<00:14:58.490> funds<00:14:58.870> so<00:14:59.870> when<00:15:00.020> we<00:15:00.080> do<00:15:00.200> this 00:15:00.310 --> 00:15:00.320 align:start position:0% you control the funds so when we do this 00:15:00.320 --> 00:15:01.990 align:start position:0% you control the funds so when we do this crowdfunding<00:15:00.590> the<00:15:01.040> money<00:15:01.220> will<00:15:01.370> not<00:15:01.520> go<00:15:01.760> just 00:15:01.990 --> 00:15:02.000 align:start position:0% crowdfunding the money will not go just 00:15:02.000 --> 00:15:03.850 align:start position:0% crowdfunding the money will not go just to<00:15:02.240> us<00:15:02.390> like<00:15:02.810> all<00:15:02.990> the<00:15:03.080> money<00:15:03.230> to<00:15:03.410> us<00:15:03.530> and<00:15:03.770> we 00:15:03.850 --> 00:15:03.860 align:start position:0% to us like all the money to us and we 00:15:03.860 --> 00:15:05.740 align:start position:0% to us like all the money to us and we can<00:15:03.980> maybe<00:15:04.730> use<00:15:04.940> it<00:15:04.970> good<00:15:05.240> or<00:15:05.420> maybe<00:15:05.540> use<00:15:05.720> it 00:15:05.740 --> 00:15:05.750 align:start position:0% can maybe use it good or maybe use it 00:15:05.750 --> 00:15:08.170 align:start position:0% can maybe use it good or maybe use it bad<00:15:06.050> you<00:15:06.410> stay<00:15:06.710> in<00:15:06.920> complete<00:15:07.310> control<00:15:07.580> of<00:15:07.880> the 00:15:08.170 --> 00:15:08.180 align:start position:0% bad you stay in complete control of the 00:15:08.180 --> 00:15:10.870 align:start position:0% bad you stay in complete control of the funds<00:15:08.390> and<00:15:09.070> your<00:15:10.070> goal<00:15:10.280> isn't<00:15:10.460> to<00:15:10.640> be<00:15:10.850> a 00:15:10.870 --> 00:15:10.880 align:start position:0% funds and your goal isn't to be a 00:15:10.880 --> 00:15:13.400 align:start position:0% funds and your goal isn't to be a profitable<00:15:11.390> deal<00:15:11.900> so<00:15:12.560> this<00:15:12.680> is<00:15:12.740> a<00:15:12.860> four 00:15:13.400 --> 00:15:13.410 align:start position:0% profitable deal so this is a four 00:15:13.410 --> 00:15:16.879 align:start position:0% profitable deal so this is a four prophet<00:15:13.740> Dao<00:15:14.810> so<00:15:15.810> how<00:15:16.199> does<00:15:16.259> it<00:15:16.529> work 00:15:16.879 --> 00:15:16.889 align:start position:0% prophet Dao so how does it work 00:15:16.889 --> 00:15:20.329 align:start position:0% prophet Dao so how does it work of<00:15:16.949> course<00:15:17.610> you<00:15:18.000> send<00:15:18.269> some<00:15:18.509> Issa<00:15:18.990> to<00:15:19.920> the<00:15:20.040> CEO 00:15:20.329 --> 00:15:20.339 align:start position:0% of course you send some Issa to the CEO 00:15:20.339 --> 00:15:22.160 align:start position:0% of course you send some Issa to the CEO and<00:15:20.579> you<00:15:20.699> get<00:15:20.879> some<00:15:21.089> slot<00:15:21.329> tokens<00:15:21.629> which<00:15:22.019> are 00:15:22.160 --> 00:15:22.170 align:start position:0% and you get some slot tokens which are 00:15:22.170 --> 00:15:24.530 align:start position:0% and you get some slot tokens which are basically<00:15:22.529> just<00:15:22.589> membership<00:15:23.430> in<00:15:23.579> this<00:15:23.730> tio<00:15:23.940> so 00:15:24.530 --> 00:15:24.540 align:start position:0% basically just membership in this tio so 00:15:24.540 --> 00:15:26.540 align:start position:0% basically just membership in this tio so you<00:15:24.600> have<00:15:24.690> a<00:15:24.720> right<00:15:24.959> to<00:15:25.259> road<00:15:25.440> and<00:15:25.680> very 00:15:26.540 --> 00:15:26.550 align:start position:0% you have a right to road and very 00:15:26.550 --> 00:15:28.519 align:start position:0% you have a right to road and very important<00:15:27.029> you<00:15:27.389> get<00:15:27.629> a<00:15:27.779> reward<00:15:28.019> I<00:15:28.379> will 00:15:28.519 --> 00:15:28.529 align:start position:0% important you get a reward I will 00:15:28.529 --> 00:15:29.929 align:start position:0% important you get a reward I will explain<00:15:28.829> later<00:15:28.889> how<00:15:29.190> this<00:15:29.459> works 00:15:29.929 --> 00:15:29.939 align:start position:0% explain later how this works 00:15:29.939 --> 00:15:31.550 align:start position:0% explain later how this works but<00:15:30.269> you<00:15:30.360> can<00:15:30.540> think<00:15:30.689> about<00:15:30.810> this<00:15:31.110> like<00:15:31.319> buying 00:15:31.550 --> 00:15:31.560 align:start position:0% but you can think about this like buying 00:15:31.560 --> 00:15:33.470 align:start position:0% but you can think about this like buying shares<00:15:31.889> in<00:15:32.040> a<00:15:32.189> company<00:15:32.339> in<00:15:32.730> getting<00:15:33.209> actually 00:15:33.470 --> 00:15:33.480 align:start position:0% shares in a company in getting actually 00:15:33.480 --> 00:15:35.269 align:start position:0% shares in a company in getting actually dividends<00:15:33.870> and<00:15:34.110> I<00:15:34.560> don't<00:15:34.800> know<00:15:34.889> if<00:15:34.980> that<00:15:35.129> many 00:15:35.269 --> 00:15:35.279 align:start position:0% dividends and I don't know if that many 00:15:35.279 --> 00:15:37.610 align:start position:0% dividends and I don't know if that many crypto<00:15:35.699> tokens<00:15:36.180> out<00:15:36.329> there<00:15:36.540> where<00:15:37.139> your<00:15:37.259> exact 00:15:37.610 --> 00:15:37.620 align:start position:0% crypto tokens out there where your exact 00:15:37.620 --> 00:15:39.889 align:start position:0% crypto tokens out there where your exact of<00:15:37.769> volatility<00:15:38.370> just<00:15:38.610> get<00:15:39.209> a<00:15:39.240> dividend<00:15:39.689> a 00:15:39.889 --> 00:15:39.899 align:start position:0% of volatility just get a dividend a 00:15:39.899 --> 00:15:42.470 align:start position:0% of volatility just get a dividend a monthly<00:15:40.470> basis<00:15:40.860> of<00:15:41.040> weekly<00:15:41.519> basis<00:15:41.879> there's 00:15:42.470 --> 00:15:42.480 align:start position:0% monthly basis of weekly basis there's 00:15:42.480 --> 00:15:44.019 align:start position:0% monthly basis of weekly basis there's something<00:15:42.810> you<00:15:42.899> invest<00:15:43.230> new<00:15:43.470> care<00:15:43.649> dividends 00:15:44.019 --> 00:15:44.029 align:start position:0% something you invest new care dividends 00:15:44.029 --> 00:15:46.220 align:start position:0% something you invest new care dividends compared<00:15:45.029> to<00:15:45.120> how<00:15:45.209> much<00:15:45.360> we<00:15:45.569> quo<00:15:45.779> I<00:15:46.019> will 00:15:46.220 --> 00:15:46.230 align:start position:0% compared to how much we quo I will 00:15:46.230 --> 00:15:48.290 align:start position:0% compared to how much we quo I will explain<00:15:47.040> you<00:15:47.100> how<00:15:47.220> the<00:15:47.370> students<00:15:47.879> come<00:15:48.029> to<00:15:48.180> you 00:15:48.290 --> 00:15:48.300 align:start position:0% explain you how the students come to you 00:15:48.300 --> 00:15:50.240 align:start position:0% explain you how the students come to you and<00:15:48.540> of<00:15:49.019> course<00:15:49.259> you<00:15:49.560> wrote<00:15:49.829> on<00:15:50.040> major 00:15:50.240 --> 00:15:50.250 align:start position:0% and of course you wrote on major 00:15:50.250 --> 00:15:51.769 align:start position:0% and of course you wrote on major decisions<00:15:50.399> like<00:15:51.000> how<00:15:51.180> to<00:15:51.240> spend<00:15:51.600> the<00:15:51.750> money 00:15:51.769 --> 00:15:51.779 align:start position:0% decisions like how to spend the money 00:15:51.779 --> 00:15:53.900 align:start position:0% decisions like how to spend the money where<00:15:52.560> it<00:15:52.709> where<00:15:52.949> you<00:15:53.069> want<00:15:53.279> to<00:15:53.370> send<00:15:53.850> the 00:15:53.900 --> 00:15:53.910 align:start position:0% where it where you want to send the 00:15:53.910 --> 00:15:56.720 align:start position:0% where it where you want to send the money<00:15:54.029> to<00:15:54.560> so<00:15:55.560> then<00:15:55.709> you<00:15:55.829> give<00:15:55.980> some<00:15:56.129> tasks<00:15:56.399> and 00:15:56.720 --> 00:15:56.730 align:start position:0% money to so then you give some tasks and 00:15:56.730 --> 00:15:58.490 align:start position:0% money to so then you give some tasks and orders<00:15:57.060> to<00:15:57.329> a<00:15:57.360> service<00:15:57.660> provider<00:15:57.959> usually 00:15:58.490 --> 00:15:58.500 align:start position:0% orders to a service provider usually 00:15:58.500 --> 00:16:00.920 align:start position:0% orders to a service provider usually through<00:15:58.889> a<00:15:58.920> smart<00:15:59.160> contract<00:15:59.339> and<00:15:59.790> we<00:16:00.660> will<00:16:00.779> set 00:16:00.920 --> 00:16:00.930 align:start position:0% through a smart contract and we will set 00:16:00.930 --> 00:16:02.569 align:start position:0% through a smart contract and we will set up<00:16:01.050> for<00:16:01.290> this<00:16:01.410> so<00:16:02.100> what<00:16:02.220> is<00:16:02.310> the<00:16:02.399> service 00:16:02.569 --> 00:16:02.579 align:start position:0% up for this so what is the service 00:16:02.579 --> 00:16:04.100 align:start position:0% up for this so what is the service provider<00:16:02.910> -<00:16:03.089> so<00:16:03.300> the<00:16:03.389> first<00:16:03.600> source<00:16:03.810> provider 00:16:04.100 --> 00:16:04.110 align:start position:0% provider - so the first source provider 00:16:04.110 --> 00:16:07.819 align:start position:0% provider - so the first source provider will<00:16:04.290> be<00:16:04.410> Lockett<00:16:05.069> gmbh<00:16:05.579> in<00:16:05.879> germany<00:16:06.300> and<00:16:06.829> what 00:16:07.819 --> 00:16:07.829 align:start position:0% will be Lockett gmbh in germany and what 00:16:07.829 --> 00:16:10.100 align:start position:0% will be Lockett gmbh in germany and what we<00:16:08.009> do<00:16:08.189> we<00:16:08.459> produce<00:16:08.670> this<00:16:09.000> locks<00:16:09.269> we<00:16:09.870> do<00:16:09.990> the 00:16:10.100 --> 00:16:10.110 align:start position:0% we do we produce this locks we do the 00:16:10.110 --> 00:16:12.350 align:start position:0% we do we produce this locks we do the marketing<00:16:10.350> the<00:16:10.910> partnerships<00:16:11.910> there's<00:16:12.209> all 00:16:12.350 --> 00:16:12.360 align:start position:0% marketing the partnerships there's all 00:16:12.360 --> 00:16:14.689 align:start position:0% marketing the partnerships there's all those<00:16:12.509> hardware<00:16:13.170> manufacturers<00:16:13.889> which<00:16:14.550> are 00:16:14.689 --> 00:16:14.699 align:start position:0% those hardware manufacturers which are 00:16:14.699 --> 00:16:15.860 align:start position:0% those hardware manufacturers which are producing<00:16:15.120> smart<00:16:15.420> blocks 00:16:15.860 --> 00:16:15.870 align:start position:0% producing smart blocks 00:16:15.870 --> 00:16:17.840 align:start position:0% producing smart blocks so<00:16:16.199> this<00:16:16.350> basically<00:16:16.740> our<00:16:16.860> task<00:16:17.189> and<00:16:17.430> we<00:16:17.579> need 00:16:17.840 --> 00:16:17.850 align:start position:0% so this basically our task and we need 00:16:17.850 --> 00:16:20.629 align:start position:0% so this basically our task and we need money<00:16:18.060> for<00:16:18.600> doing<00:16:18.689> this<00:16:18.980> so<00:16:19.980> but<00:16:20.130> how<00:16:20.370> are<00:16:20.610> we 00:16:20.629 --> 00:16:20.639 align:start position:0% money for doing this so but how are we 00:16:20.639 --> 00:16:22.970 align:start position:0% money for doing this so but how are we rewarding<00:16:21.149> you<00:16:21.720> now<00:16:21.930> and<00:16:22.230> this<00:16:22.740> is<00:16:22.860> the 00:16:22.970 --> 00:16:22.980 align:start position:0% rewarding you now and this is the 00:16:22.980 --> 00:16:24.259 align:start position:0% rewarding you now and this is the interesting<00:16:23.220> thing<00:16:23.579> we<00:16:23.699> can<00:16:23.850> do<00:16:24.000> it<00:16:24.120> actually 00:16:24.259 --> 00:16:24.269 align:start position:0% interesting thing we can do it actually 00:16:24.269 --> 00:16:26.329 align:start position:0% interesting thing we can do it actually automatically<00:16:25.079> on<00:16:25.230> the<00:16:25.290> blockchain<00:16:25.560> so<00:16:26.220> if 00:16:26.329 --> 00:16:26.339 align:start position:0% automatically on the blockchain so if 00:16:26.339 --> 00:16:28.639 align:start position:0% automatically on the blockchain so if you<00:16:26.490> don't<00:16:26.730> not<00:16:27.120> need<00:16:27.389> to<00:16:27.630> trust<00:16:27.959> us<00:16:28.199> to<00:16:28.470> pay 00:16:28.639 --> 00:16:28.649 align:start position:0% you don't not need to trust us to pay 00:16:28.649 --> 00:16:30.980 align:start position:0% you don't not need to trust us to pay you<00:16:28.680> out<00:16:28.980> or<00:16:29.220> to<00:16:29.339> send<00:16:29.550> some<00:16:29.730> money<00:16:29.819> to<00:16:29.970> do<00:16:30.269> so 00:16:30.980 --> 00:16:30.990 align:start position:0% you out or to send some money to do so 00:16:30.990 --> 00:16:33.439 align:start position:0% you out or to send some money to do so how<00:16:31.139> are<00:16:31.319> we<00:16:31.380> going<00:16:31.560> to<00:16:31.680> do<00:16:31.860> this<00:16:32.180> so<00:16:33.180> how<00:16:33.329> is 00:16:33.439 --> 00:16:33.449 align:start position:0% how are we going to do this so how is 00:16:33.449 --> 00:16:36.889 align:start position:0% how are we going to do this so how is the<00:16:33.569> reward<00:16:33.720> going<00:16:34.259> back<00:16:34.560> and<00:16:34.889> to<00:16:35.639> the<00:16:35.730> do<00:16:35.939> so 00:16:36.889 --> 00:16:36.899 align:start position:0% the reward going back and to the do so 00:16:36.899 --> 00:16:38.449 align:start position:0% the reward going back and to the do so there<00:16:37.019> are<00:16:37.110> two<00:16:37.350> ways<00:16:37.380> of<00:16:37.800> doing<00:16:37.980> this<00:16:38.250> and 00:16:38.449 --> 00:16:38.459 align:start position:0% there are two ways of doing this and 00:16:38.459 --> 00:16:40.460 align:start position:0% there are two ways of doing this and actually<00:16:38.819> the<00:16:39.000> owner<00:16:39.180> of<00:16:39.389> this<00:16:39.569> lock<00:16:39.930> has<00:16:40.230> an 00:16:40.460 --> 00:16:40.470 align:start position:0% actually the owner of this lock has an 00:16:40.470 --> 00:16:43.970 align:start position:0% actually the owner of this lock has an option<00:16:40.949> either<00:16:41.689> yes<00:16:42.689> a<00:16:42.720> certain<00:16:43.139> percent<00:16:43.529> of 00:16:43.970 --> 00:16:43.980 align:start position:0% option either yes a certain percent of 00:16:43.980 --> 00:16:45.980 align:start position:0% option either yes a certain percent of fee<00:16:44.670> for<00:16:44.939> every<00:16:45.029> transaction<00:16:45.420> so<00:16:45.720> basically 00:16:45.980 --> 00:16:45.990 align:start position:0% fee for every transaction so basically 00:16:45.990 --> 00:16:48.079 align:start position:0% fee for every transaction so basically if<00:16:46.139> I<00:16:46.230> rent<00:16:46.470> out<00:16:46.709> let's<00:16:47.069> say<00:16:47.189> this<00:16:47.339> apartment<00:16:47.910> I 00:16:48.079 --> 00:16:48.089 align:start position:0% if I rent out let's say this apartment I 00:16:48.089 --> 00:16:52.189 align:start position:0% if I rent out let's say this apartment I pay<00:16:48.810> 1%<00:16:49.350> to<00:16:50.069> do<00:16:50.279> every<00:16:50.850> time<00:16:51.060> and<00:16:51.329> I<00:16:51.660> do<00:16:51.839> the 00:16:52.189 --> 00:16:52.199 align:start position:0% pay 1% to do every time and I do the 00:16:52.199 --> 00:16:54.350 align:start position:0% pay 1% to do every time and I do the vote<00:16:52.439> and<00:16:52.649> how<00:16:52.800> many<00:16:53.009> percent<00:16:53.370> is<00:16:53.490> is<00:16:53.670> if<00:16:53.850> you 00:16:54.350 --> 00:16:54.360 align:start position:0% vote and how many percent is is if you 00:16:54.360 --> 00:16:56.449 align:start position:0% vote and how many percent is is if you the<00:16:54.389> do<00:16:54.779> make<00:16:55.170> it<00:16:55.290> high<00:16:55.470> then<00:16:55.980> it's<00:16:56.130> hard<00:16:56.309> to 00:16:56.449 --> 00:16:56.459 align:start position:0% the do make it high then it's hard to 00:16:56.459 --> 00:16:58.400 align:start position:0% the do make it high then it's hard to sell<00:16:56.639> this<00:16:56.759> locks<00:16:57.000> but<00:16:57.420> if<00:16:57.540> you<00:16:57.630> make<00:16:57.779> it<00:16:57.809> low 00:16:58.400 --> 00:16:58.410 align:start position:0% sell this locks but if you make it low 00:16:58.410 --> 00:17:00.319 align:start position:0% sell this locks but if you make it low Rick<00:16:58.949> maybe<00:16:59.160> can<00:16:59.430> sell<00:16:59.610> more<00:16:59.819> so<00:17:00.000> we<00:17:00.089> need<00:17:00.209> to 00:17:00.319 --> 00:17:00.329 align:start position:0% Rick maybe can sell more so we need to 00:17:00.329 --> 00:17:02.829 align:start position:0% Rick maybe can sell more so we need to talk<00:17:00.480> so<00:17:01.040> but<00:17:02.040> let's<00:17:02.250> say<00:17:02.399> you<00:17:02.459> have<00:17:02.610> size 00:17:02.829 --> 00:17:02.839 align:start position:0% talk so but let's say you have size 00:17:02.839 --> 00:17:06.289 align:start position:0% talk so but let's say you have size 0.51%<00:17:03.839> 3<00:17:04.230> so<00:17:04.500> every<00:17:04.799> time<00:17:05.010> something<00:17:05.880> is<00:17:05.909> using 00:17:06.289 --> 00:17:06.299 align:start position:0% 0.51% 3 so every time something is using 00:17:06.299 --> 00:17:08.149 align:start position:0% 0.51% 3 so every time something is using its<00:17:06.659> locked<00:17:06.870> renting<00:17:07.230> out<00:17:07.350> something<00:17:07.799> you<00:17:07.980> get 00:17:08.149 --> 00:17:08.159 align:start position:0% its locked renting out something you get 00:17:08.159 --> 00:17:10.309 align:start position:0% its locked renting out something you get a<00:17:08.189> direct<00:17:08.459> payment<00:17:08.850> to<00:17:09.179> the<00:17:09.270> deal<00:17:09.419> and<00:17:09.900> you<00:17:10.110> can 00:17:10.309 --> 00:17:10.319 align:start position:0% a direct payment to the deal and you can 00:17:10.319 --> 00:17:12.110 align:start position:0% a direct payment to the deal and you can get<00:17:10.470> your<00:17:10.620> shares<00:17:10.829> all<00:17:11.039> the<00:17:11.130> time<00:17:11.309> there<00:17:11.549> so 00:17:12.110 --> 00:17:12.120 align:start position:0% get your shares all the time there so 00:17:12.120 --> 00:17:14.270 align:start position:0% get your shares all the time there so it's<00:17:12.270> out<00:17:12.390> in<00:17:12.929> the<00:17:13.020> field<00:17:13.230> it<00:17:13.380> means<00:17:13.559> if<00:17:14.130> our 00:17:14.270 --> 00:17:14.280 align:start position:0% it's out in the field it means if our 00:17:14.280 --> 00:17:17.299 align:start position:0% it's out in the field it means if our GBH<00:17:14.850> is<00:17:15.150> gone<00:17:15.390> so<00:17:15.750> stream<00:17:15.990> ph<00:17:16.230> is<00:17:16.409> the<00:17:16.589> like<00:17:17.100> you 00:17:17.299 --> 00:17:17.309 align:start position:0% GBH is gone so stream ph is the like you 00:17:17.309 --> 00:17:20.090 align:start position:0% GBH is gone so stream ph is the like you like<00:17:17.730> a<00:17:17.760> limited<00:17:18.209> in<00:17:18.419> germany<00:17:18.929> and<00:17:19.169> if<00:17:19.890> we<00:17:20.010> are 00:17:20.090 --> 00:17:20.100 align:start position:0% like a limited in germany and if we are 00:17:20.100 --> 00:17:21.889 align:start position:0% like a limited in germany and if we are gone<00:17:20.339> this<00:17:20.760> still<00:17:21.030> works<00:17:21.299> you<00:17:21.510> still<00:17:21.720> get 00:17:21.889 --> 00:17:21.899 align:start position:0% gone this still works you still get 00:17:21.899 --> 00:17:23.389 align:start position:0% gone this still works you still get payments<00:17:22.350> as<00:17:22.530> long<00:17:22.679> as<00:17:22.829> there's<00:17:23.010> locks<00:17:23.220> out 00:17:23.389 --> 00:17:23.399 align:start position:0% payments as long as there's locks out 00:17:23.399 --> 00:17:25.639 align:start position:0% payments as long as there's locks out there<00:17:23.640> stocks<00:17:24.419> out<00:17:24.600> there<00:17:24.630> you<00:17:24.990> get<00:17:25.169> you<00:17:25.350> get 00:17:25.639 --> 00:17:25.649 align:start position:0% there stocks out there you get you get 00:17:25.649 --> 00:17:26.560 align:start position:0% there stocks out there you get you get your<00:17:25.799> money 00:17:26.560 --> 00:17:26.570 align:start position:0% your money 00:17:26.570 --> 00:17:28.000 align:start position:0% your money another<00:17:26.780> thing<00:17:27.050> would<00:17:27.200> be<00:17:27.350> because<00:17:27.590> we<00:17:27.740> spoke 00:17:28.000 --> 00:17:28.010 align:start position:0% another thing would be because we spoke 00:17:28.010 --> 00:17:30.160 align:start position:0% another thing would be because we spoke to<00:17:28.190> air<00:17:28.370> our<00:17:28.670> Airbnb<00:17:29.150> hosts<00:17:29.600> you're<00:17:29.930> staying 00:17:30.160 --> 00:17:30.170 align:start position:0% to air our Airbnb hosts you're staying 00:17:30.170 --> 00:17:32.290 align:start position:0% to air our Airbnb hosts you're staying in<00:17:30.230> a<00:17:30.380> BB<00:17:30.680> here<00:17:30.890> we<00:17:31.370> just<00:17:31.580> found<00:17:31.760> out<00:17:32.000> that<00:17:32.180> our 00:17:32.290 --> 00:17:32.300 align:start position:0% in a BB here we just found out that our 00:17:32.300 --> 00:17:33.310 align:start position:0% in a BB here we just found out that our host<00:17:32.570> is<00:17:32.690> also<00:17:32.990> here 00:17:33.310 --> 00:17:33.320 align:start position:0% host is also here 00:17:33.320 --> 00:17:34.870 align:start position:0% host is also here so<00:17:33.440> just<00:17:33.710> by<00:17:33.830> chance<00:17:34.070> he<00:17:34.580> know<00:17:34.700> what<00:17:34.820> about 00:17:34.870 --> 00:17:34.880 align:start position:0% so just by chance he know what about 00:17:34.880 --> 00:17:36.460 align:start position:0% so just by chance he know what about blockchain<00:17:35.210> he<00:17:35.510> wants<00:17:35.690> to<00:17:35.780> indicate<00:17:36.080> us<00:17:36.290> now 00:17:36.460 --> 00:17:36.470 align:start position:0% blockchain he wants to indicate us now 00:17:36.470 --> 00:17:39.070 align:start position:0% blockchain he wants to indicate us now and<00:17:36.710> but<00:17:37.640> he<00:17:37.730> didn't<00:17:37.970> like<00:17:38.090> to<00:17:38.270> pay<00:17:38.420> 1%<00:17:38.630> all<00:17:38.990> the 00:17:39.070 --> 00:17:39.080 align:start position:0% and but he didn't like to pay 1% all the 00:17:39.080 --> 00:17:41.260 align:start position:0% and but he didn't like to pay 1% all the time<00:17:39.260> so<00:17:39.920> but<00:17:40.010> he<00:17:40.190> said<00:17:40.520> what<00:17:40.820> he<00:17:41.000> would<00:17:41.120> like 00:17:41.260 --> 00:17:41.270 align:start position:0% time so but he said what he would like 00:17:41.270 --> 00:17:43.420 align:start position:0% time so but he said what he would like to<00:17:41.300> do<00:17:41.570> is<00:17:41.960> have<00:17:42.110> like<00:17:42.290> a<00:17:42.320> one-time<00:17:42.860> deployment 00:17:43.420 --> 00:17:43.430 align:start position:0% to do is have like a one-time deployment 00:17:43.430 --> 00:17:46.120 align:start position:0% to do is have like a one-time deployment fee<00:17:43.550> so<00:17:44.090> he<00:17:44.210> could<00:17:44.390> free<00:17:45.290> yourself<00:17:45.740> of<00:17:45.920> this 00:17:46.120 --> 00:17:46.130 align:start position:0% fee so he could free yourself of this 00:17:46.130 --> 00:17:48.130 align:start position:0% fee so he could free yourself of this rule<00:17:46.490> like<00:17:46.760> paying<00:17:47.030> 1%<00:17:47.240> all<00:17:47.600> the<00:17:47.690> time<00:17:47.900> and 00:17:48.130 --> 00:17:48.140 align:start position:0% rule like paying 1% all the time and 00:17:48.140 --> 00:17:49.900 align:start position:0% rule like paying 1% all the time and instead<00:17:48.320> paying<00:17:49.010> a<00:17:49.130> certain<00:17:49.400> amount<00:17:49.550> of<00:17:49.700> money 00:17:49.900 --> 00:17:49.910 align:start position:0% instead paying a certain amount of money 00:17:49.910 --> 00:17:51.940 align:start position:0% instead paying a certain amount of money which<00:17:50.210> to<00:17:50.390> do<00:17:50.540> decides<00:17:51.110> how<00:17:51.410> much<00:17:51.590> this<00:17:51.770> will 00:17:51.940 --> 00:17:51.950 align:start position:0% which to do decides how much this will 00:17:51.950 --> 00:17:54.280 align:start position:0% which to do decides how much this will be<00:17:52.100> let's<00:17:52.670> say<00:17:52.850> like<00:17:53.090> 10<00:17:53.390> to<00:17:53.630> handle<00:17:54.020> dollars 00:17:54.280 --> 00:17:54.290 align:start position:0% be let's say like 10 to handle dollars 00:17:54.290 --> 00:17:56.770 align:start position:0% be let's say like 10 to handle dollars and<00:17:54.800> every<00:17:55.040> time<00:17:55.250> someone<00:17:55.730> deploys<00:17:56.330> a<00:17:56.360> smart 00:17:56.770 --> 00:17:56.780 align:start position:0% and every time someone deploys a smart 00:17:56.780 --> 00:17:59.080 align:start position:0% and every time someone deploys a smart contract<00:17:57.260> for<00:17:57.500> his<00:17:57.680> flock<00:17:58.040> this<00:17:58.610> money<00:17:58.850> goes 00:17:59.080 --> 00:17:59.090 align:start position:0% contract for his flock this money goes 00:17:59.090 --> 00:18:01.540 align:start position:0% contract for his flock this money goes directly<00:17:59.240> to<00:17:59.630> the<00:17:59.690> deal<00:17:59.920> so<00:18:00.920> we<00:18:01.040> can<00:18:01.190> make<00:18:01.370> it 00:18:01.540 --> 00:18:01.550 align:start position:0% directly to the deal so we can make it 00:18:01.550 --> 00:18:04.030 align:start position:0% directly to the deal so we can make it happen<00:18:01.970> on<00:18:02.060> the<00:18:02.330> blockchain<00:18:02.570> that<00:18:03.470> you<00:18:03.680> who 00:18:04.030 --> 00:18:04.040 align:start position:0% happen on the blockchain that you who 00:18:04.040 --> 00:18:06.430 align:start position:0% happen on the blockchain that you who participated<00:18:04.700> in<00:18:04.910> the<00:18:05.000> crowdfounding<00:18:05.440> gets 00:18:06.430 --> 00:18:06.440 align:start position:0% participated in the crowdfounding gets 00:18:06.440 --> 00:18:08.200 align:start position:0% participated in the crowdfounding gets your<00:18:06.680> money<00:18:06.890> back<00:18:07.100> all<00:18:07.400> the<00:18:07.550> time<00:18:07.730> as<00:18:07.910> loggers 00:18:08.200 --> 00:18:08.210 align:start position:0% your money back all the time as loggers 00:18:08.210 --> 00:18:10.180 align:start position:0% your money back all the time as loggers use<00:18:08.240> this<00:18:08.630> log<00:18:08.810> is<00:18:08.960> solved<00:18:09.320> or<00:18:09.680> they<00:18:09.860> use<00:18:10.040> it 00:18:10.180 --> 00:18:10.190 align:start position:0% use this log is solved or they use it 00:18:10.190 --> 00:18:11.950 align:start position:0% use this log is solved or they use it for<00:18:10.220> sharing<00:18:10.610> something<00:18:10.820> so<00:18:11.540> this<00:18:11.660> is<00:18:11.810> the 00:18:11.950 --> 00:18:11.960 align:start position:0% for sharing something so this is the 00:18:11.960 --> 00:18:14.410 align:start position:0% for sharing something so this is the real<00:18:12.110> deal<00:18:12.290> the<00:18:12.950> deal<00:18:13.130> stays<00:18:13.610> in<00:18:13.850> charge<00:18:14.150> of 00:18:14.410 --> 00:18:14.420 align:start position:0% real deal the deal stays in charge of 00:18:14.420 --> 00:18:16.600 align:start position:0% real deal the deal stays in charge of the<00:18:14.510> funds<00:18:14.750> and<00:18:15.050> maybe<00:18:15.740> to<00:18:15.890> say<00:18:16.070> we<00:18:16.220> have<00:18:16.580> a 00:18:16.600 --> 00:18:16.610 align:start position:0% the funds and maybe to say we have a 00:18:16.610 --> 00:18:18.010 align:start position:0% the funds and maybe to say we have a good<00:18:16.790> marketing<00:18:17.120> campaign<00:18:17.180> going<00:18:17.690> on<00:18:17.840> there 00:18:18.010 --> 00:18:18.020 align:start position:0% good marketing campaign going on there 00:18:18.020 --> 00:18:19.990 align:start position:0% good marketing campaign going on there you<00:18:18.200> send<00:18:18.410> it<00:18:18.500> to<00:18:18.590> them<00:18:18.740> they<00:18:18.950> promised<00:18:19.310> us<00:18:19.400> - 00:18:19.990 --> 00:18:20.000 align:start position:0% you send it to them they promised us - 00:18:20.000 --> 00:18:21.550 align:start position:0% you send it to them they promised us - if<00:18:20.180> they<00:18:20.300> make<00:18:20.420> a<00:18:20.450> good<00:18:20.690> job<00:18:20.900> we<00:18:21.080> said<00:18:21.230> money<00:18:21.440> to 00:18:21.550 --> 00:18:21.560 align:start position:0% if they make a good job we said money to 00:18:21.560 --> 00:18:23.440 align:start position:0% if they make a good job we said money to them<00:18:21.680> again<00:18:22.010> so<00:18:22.610> it's<00:18:22.730> like<00:18:22.880> not<00:18:23.120> sending 00:18:23.440 --> 00:18:23.450 align:start position:0% them again so it's like not sending 00:18:23.450 --> 00:18:26.230 align:start position:0% them again so it's like not sending money<00:18:23.690> to<00:18:24.170> us<00:18:24.290> with<00:18:24.770> one<00:18:24.980> thing<00:18:25.190> one<00:18:25.400> step<00:18:25.670> but 00:18:26.230 --> 00:18:26.240 align:start position:0% money to us with one thing one step but 00:18:26.240 --> 00:18:28.300 align:start position:0% money to us with one thing one step but really<00:18:26.540> staying<00:18:26.840> in<00:18:27.020> control<00:18:27.170> yes<00:18:27.590> looking 00:18:28.300 --> 00:18:28.310 align:start position:0% really staying in control yes looking 00:18:28.310 --> 00:18:29.890 align:start position:0% really staying in control yes looking maybe<00:18:28.460> we<00:18:28.640> can<00:18:28.760> use<00:18:28.880> some<00:18:29.090> nice<00:18:29.210> tools<00:18:29.540> we<00:18:29.720> saw 00:18:29.890 --> 00:18:29.900 align:start position:0% maybe we can use some nice tools we saw 00:18:29.900 --> 00:18:32.140 align:start position:0% maybe we can use some nice tools we saw here<00:18:30.230> at<00:18:30.350> the<00:18:30.440> DEF<00:18:30.560> CON<00:18:30.770> some<00:18:31.340> great<00:18:31.550> tools<00:18:31.790> for 00:18:32.140 --> 00:18:32.150 align:start position:0% here at the DEF CON some great tools for 00:18:32.150 --> 00:18:34.420 align:start position:0% here at the DEF CON some great tools for managing<00:18:32.270> and<00:18:32.750> the<00:18:33.350> CEO<00:18:33.680> will<00:18:33.920> look<00:18:34.070> into<00:18:34.220> this 00:18:34.420 --> 00:18:34.430 align:start position:0% managing and the CEO will look into this 00:18:34.430 --> 00:18:36.850 align:start position:0% managing and the CEO will look into this and<00:18:34.640> then<00:18:35.480> make<00:18:35.870> a<00:18:35.900> decision<00:18:36.350> which<00:18:36.590> one<00:18:36.740> to 00:18:36.850 --> 00:18:36.860 align:start position:0% and then make a decision which one to 00:18:36.860 --> 00:18:40.600 align:start position:0% and then make a decision which one to use<00:18:37.780> okay<00:18:38.890> so<00:18:39.890> that's<00:18:40.070> the<00:18:40.190> complete<00:18:40.460> picture 00:18:40.600 --> 00:18:40.610 align:start position:0% use okay so that's the complete picture 00:18:40.610 --> 00:18:43.120 align:start position:0% use okay so that's the complete picture you<00:18:41.420> will<00:18:41.570> see<00:18:41.750> now<00:18:41.900> for<00:18:41.960> the<00:18:42.260> first<00:18:42.500> time<00:18:42.860> a 00:18:43.120 --> 00:18:43.130 align:start position:0% you will see now for the first time a 00:18:43.130 --> 00:18:45.250 align:start position:0% you will see now for the first time a will<00:18:43.640> do<00:18:43.940> we<00:18:44.420> have<00:18:44.600> we<00:18:44.720> have<00:18:44.750> spoken<00:18:45.110> about 00:18:45.250 --> 00:18:45.260 align:start position:0% will do we have we have spoken about 00:18:45.260 --> 00:18:47.410 align:start position:0% will do we have we have spoken about this<00:18:45.530> last<00:18:45.770> one<00:18:45.980> or<00:18:46.070> two<00:18:46.100> years<00:18:46.520> but<00:18:47.090> now<00:18:47.270> it's 00:18:47.410 --> 00:18:47.420 align:start position:0% this last one or two years but now it's 00:18:47.420 --> 00:18:49.090 align:start position:0% this last one or two years but now it's happening<00:18:47.570> we<00:18:47.960> have<00:18:48.050> a<00:18:48.110> real<00:18:48.380> decentralized 00:18:49.090 --> 00:18:49.100 align:start position:0% happening we have a real decentralized 00:18:49.100 --> 00:18:51.040 align:start position:0% happening we have a real decentralized autonomous<00:18:49.360> organization<00:18:50.360> well<00:18:50.780> you<00:18:50.900> can 00:18:51.040 --> 00:18:51.050 align:start position:0% autonomous organization well you can 00:18:51.050 --> 00:18:53.170 align:start position:0% autonomous organization well you can participate<00:18:51.320> by<00:18:51.800> in<00:18:52.340> shares<00:18:52.640> and<00:18:52.850> get 00:18:53.170 --> 00:18:53.180 align:start position:0% participate by in shares and get 00:18:53.180 --> 00:18:55.180 align:start position:0% participate by in shares and get dividends<00:18:53.570> back<00:18:53.750> completely<00:18:54.470> automate<00:18:55.010> on<00:18:55.160> a 00:18:55.180 --> 00:18:55.190 align:start position:0% dividends back completely automate on a 00:18:55.190 --> 00:18:57.610 align:start position:0% dividends back completely automate on a blockchain<00:18:55.430> so<00:18:56.120> if<00:18:56.300> you<00:18:56.450> believe<00:18:56.780> that<00:18:56.810> IOT 00:18:57.610 --> 00:18:57.620 align:start position:0% blockchain so if you believe that IOT 00:18:57.620 --> 00:19:00.070 align:start position:0% blockchain so if you believe that IOT blockchain<00:18:58.520> sharing<00:18:58.910> economy<00:18:59.390> has<00:18:59.810> some 00:19:00.070 --> 00:19:00.080 align:start position:0% blockchain sharing economy has some 00:19:00.080 --> 00:19:02.920 align:start position:0% blockchain sharing economy has some future<00:19:00.530> you<00:19:01.250> should<00:19:01.460> invest<00:19:01.790> try<00:19:02.570> this<00:19:02.630> out 00:19:02.920 --> 00:19:02.930 align:start position:0% future you should invest try this out 00:19:02.930 --> 00:19:06.610 align:start position:0% future you should invest try this out and<00:19:03.490> participate<00:19:04.490> really<00:19:04.760> in<00:19:04.820> this<00:19:04.940> video<00:19:05.620> ok 00:19:06.610 --> 00:19:06.620 align:start position:0% and participate really in this video ok 00:19:06.620 --> 00:19:09.190 align:start position:0% and participate really in this video ok now<00:19:06.770> just<00:19:06.880> who<00:19:07.880> are<00:19:08.120> we<00:19:08.300> for<00:19:08.510> now<00:19:08.660> this<00:19:08.990> is<00:19:09.110> the 00:19:09.190 --> 00:19:09.200 align:start position:0% now just who are we for now this is the 00:19:09.200 --> 00:19:10.780 align:start position:0% now just who are we for now this is the team<00:19:09.410> I<00:19:09.680> explained<00:19:10.310> Who<00:19:10.460> I<00:19:10.520> am 00:19:10.780 --> 00:19:10.790 align:start position:0% team I explained Who I am 00:19:10.790 --> 00:19:12.940 align:start position:0% team I explained Who I am core<00:19:11.720> developer<00:19:12.140> the<00:19:12.260> steepest<00:19:12.560> pass<00:19:12.710> team 00:19:12.940 --> 00:19:12.950 align:start position:0% core developer the steepest pass team 00:19:12.950 --> 00:19:15.640 align:start position:0% core developer the steepest pass team this<00:19:13.610> is<00:19:13.790> not<00:19:14.660> by<00:19:14.750> chance<00:19:14.780> that<00:19:15.140> is<00:19:15.320> the<00:19:15.470> same 00:19:15.640 --> 00:19:15.650 align:start position:0% this is not by chance that is the same 00:19:15.650 --> 00:19:17.860 align:start position:0% this is not by chance that is the same name<00:19:15.680> see<00:19:16.130> -<00:19:16.370> my<00:19:16.490> brother<00:19:16.760> he's<00:19:17.450> a<00:19:17.630> great 00:19:17.860 --> 00:19:17.870 align:start position:0% name see - my brother he's a great 00:19:17.870 --> 00:19:20.230 align:start position:0% name see - my brother he's a great developer<00:19:18.860> for<00:19:19.010> over<00:19:19.190> 20<00:19:19.520> years<00:19:19.550> now<00:19:19.790> working 00:19:20.230 --> 00:19:20.240 align:start position:0% developer for over 20 years now working 00:19:20.240 --> 00:19:22.960 align:start position:0% developer for over 20 years now working for<00:19:20.390> large<00:19:20.570> German<00:19:20.960> companies<00:19:21.640> like<00:19:22.640> Deutsche 00:19:22.960 --> 00:19:22.970 align:start position:0% for large German companies like Deutsche 00:19:22.970 --> 00:19:25.390 align:start position:0% for large German companies like Deutsche Bahn<00:19:23.120> and<00:19:23.390> other<00:19:23.510> ones<00:19:23.750> and<00:19:24.140> I<00:19:24.950> think<00:19:25.190> some<00:19:25.370> of 00:19:25.390 --> 00:19:25.400 align:start position:0% Bahn and other ones and I think some of 00:19:25.400 --> 00:19:29.290 align:start position:0% Bahn and other ones and I think some of you<00:19:25.610> may<00:19:25.910> remember<00:19:26.090> 7<00:19:26.690> tool<00:19:26.840> I<00:19:27.170> hope<00:19:27.830> so<00:19:28.040> yes<00:19:29.000> he 00:19:29.290 --> 00:19:29.300 align:start position:0% you may remember 7 tool I hope so yes he 00:19:29.300 --> 00:19:31.150 align:start position:0% you may remember 7 tool I hope so yes he has<00:19:29.390> worked<00:19:29.660> for<00:19:29.870> for<00:19:30.320> we<00:19:30.470> sign<00:19:30.710> for<00:19:31.040> other 00:19:31.150 --> 00:19:31.160 align:start position:0% has worked for for we sign for other 00:19:31.160 --> 00:19:33.430 align:start position:0% has worked for for we sign for other page<00:19:31.400> and<00:19:31.580> other<00:19:31.700> companies<00:19:32.540> he<00:19:32.840> has<00:19:33.080> been<00:19:33.290> the 00:19:33.430 --> 00:19:33.440 align:start position:0% page and other companies he has been the 00:19:33.440 --> 00:19:36.850 align:start position:0% page and other companies he has been the former<00:19:34.160> the<00:19:34.640> former<00:19:34.670> CTO<00:19:35.360> of<00:19:35.480> etherium<00:19:36.170> so<00:19:36.830> I 00:19:36.850 --> 00:19:36.860 align:start position:0% former the former CTO of etherium so I 00:19:36.860 --> 00:19:39.040 align:start position:0% former the former CTO of etherium so I think<00:19:37.280> he<00:19:37.400> makes<00:19:37.550> a<00:19:37.670> great<00:19:37.970> job<00:19:38.240> for<00:19:38.570> strategy 00:19:39.040 --> 00:19:39.050 align:start position:0% think he makes a great job for strategy 00:19:39.050 --> 00:19:40.120 align:start position:0% think he makes a great job for strategy and<00:19:39.200> market<00:19:39.500> development 00:19:40.120 --> 00:19:40.130 align:start position:0% and market development 00:19:40.130 --> 00:19:41.680 align:start position:0% and market development I<00:19:40.160> think<00:19:40.730> you<00:19:40.789> have<00:19:40.880> a<00:19:40.940> create<00:19:41.210> team<00:19:41.419> in<00:19:41.570> place 00:19:41.680 --> 00:19:41.690 align:start position:0% I think you have a create team in place 00:19:41.690 --> 00:19:44.169 align:start position:0% I think you have a create team in place and<00:19:42.169> other<00:19:42.679> people<00:19:43.070> suing<00:19:43.280> that<00:19:43.549> fight<00:19:44.030> a 00:19:44.169 --> 00:19:44.179 align:start position:0% and other people suing that fight a 00:19:44.179 --> 00:19:45.549 align:start position:0% and other people suing that fight a black<00:19:44.330> riff<00:19:44.539> I<00:19:44.780> have<00:19:44.990> not<00:19:45.140> mentioned<00:19:45.260> them 00:19:45.549 --> 00:19:45.559 align:start position:0% black riff I have not mentioned them 00:19:45.559 --> 00:19:47.440 align:start position:0% black riff I have not mentioned them here<00:19:45.770> and<00:19:46.010> we're<00:19:46.640> helping<00:19:46.789> out<00:19:47.090> right<00:19:47.299> now 00:19:47.440 --> 00:19:47.450 align:start position:0% here and we're helping out right now 00:19:47.450 --> 00:19:48.700 align:start position:0% here and we're helping out right now with<00:19:47.600> the<00:19:47.690> community<00:19:48.140> so<00:19:48.350> if<00:19:48.410> you're<00:19:48.530> building 00:19:48.700 --> 00:19:48.710 align:start position:0% with the community so if you're building 00:19:48.710 --> 00:19:50.529 align:start position:0% with the community so if you're building this<00:19:48.919> community<00:19:49.190> you're<00:19:49.940> building<00:19:50.270> this<00:19:50.330> do 00:19:50.529 --> 00:19:50.539 align:start position:0% this community you're building this do 00:19:50.539 --> 00:19:52.870 align:start position:0% this community you're building this do and<00:19:50.960> in<00:19:51.320> a<00:19:51.440> couple<00:19:51.740> of<00:19:51.799> months<00:19:52.190> or<00:19:52.460> weeks<00:19:52.580> time 00:19:52.870 --> 00:19:52.880 align:start position:0% and in a couple of months or weeks time 00:19:52.880 --> 00:19:55.390 align:start position:0% and in a couple of months or weeks time you<00:19:53.090> will<00:19:53.240> be<00:19:53.720> able<00:19:53.900> to<00:19:54.080> participate<00:19:54.350> in<00:19:54.830> this 00:19:55.390 --> 00:19:55.400 align:start position:0% you will be able to participate in this 00:19:55.400 --> 00:20:29.030 align:start position:0% you will be able to participate in this do<00:19:55.640> so<00:19:56.630> yeah<00:19:57.080> thank<00:19:57.410> you<00:19:57.470> very<00:19:57.650> much 00:20:29.030 --> 00:20:29.040 align:start position:0% 00:20:29.040 --> 00:20:36.270 align:start position:0% so<00:20:32.190> something<00:20:33.190> that<00:20:33.780> timestamp<00:20:35.280> measurements 00:20:36.270 --> 00:20:36.280 align:start position:0% so something that timestamp measurements 00:20:36.280 --> 00:20:38.160 align:start position:0% so something that timestamp measurements but<00:20:36.730> this<00:20:36.880> could<00:20:37.060> be<00:20:37.210> done<00:20:37.390> it<00:20:37.690> might<00:20:37.870> be<00:20:38.020> done 00:20:38.160 --> 00:20:38.170 align:start position:0% but this could be done it might be done 00:20:38.170 --> 00:20:39.240 align:start position:0% but this could be done it might be done but<00:20:38.290> you<00:20:38.410> haven't<00:20:38.560> done<00:20:38.740> it<00:20:38.860> you<00:20:38.950> know<00:20:38.980> like 00:20:39.240 --> 00:20:39.250 align:start position:0% but you haven't done it you know like 00:20:39.250 --> 00:20:41.190 align:start position:0% but you haven't done it you know like for<00:20:39.490> now<00:20:39.640> what<00:20:39.880> we<00:20:40.000> have<00:20:40.030> done<00:20:40.210> is<00:20:40.750> this<00:20:40.960> log 00:20:41.190 --> 00:20:41.200 align:start position:0% for now what we have done is this log 00:20:41.200 --> 00:20:42.960 align:start position:0% for now what we have done is this log home<00:20:41.380> server<00:20:41.740> a<00:20:41.920> smart<00:20:42.250> contract<00:20:42.670> and<00:20:42.850> like 00:20:42.960 --> 00:20:42.970 align:start position:0% home server a smart contract and like 00:20:42.970 --> 00:20:44.940 align:start position:0% home server a smart contract and like controlling<00:20:43.810> smart<00:20:44.170> device<00:20:44.470> in<00:20:44.740> your<00:20:44.830> home 00:20:44.940 --> 00:20:44.950 align:start position:0% controlling smart device in your home 00:20:44.950 --> 00:20:47.580 align:start position:0% controlling smart device in your home but<00:20:45.580> of<00:20:45.700> course<00:20:45.940> you<00:20:46.030> know<00:20:46.150> things<00:20:46.600> we<00:20:47.020> can<00:20:47.230> we 00:20:47.580 --> 00:20:47.590 align:start position:0% but of course you know things we can we 00:20:47.590 --> 00:20:48.780 align:start position:0% but of course you know things we can we can<00:20:47.710> do<00:20:47.830> other<00:20:47.920> things<00:20:48.010> it's<00:20:48.370> not<00:20:48.430> too<00:20:48.580> hard<00:20:48.730> to 00:20:48.780 --> 00:20:48.790 align:start position:0% can do other things it's not too hard to 00:20:48.790 --> 00:20:50.880 align:start position:0% can do other things it's not too hard to do<00:20:48.940> IOT<00:20:49.390> just<00:20:49.660> connected<00:20:50.110> measure<00:20:50.560> how<00:20:50.770> much 00:20:50.880 --> 00:20:50.890 align:start position:0% do IOT just connected measure how much 00:20:50.890 --> 00:20:54.960 align:start position:0% do IOT just connected measure how much goes<00:20:51.160> through<00:20:51.430> it<00:20:51.490> yeah<00:20:53.550> also<00:20:54.550> if<00:20:54.670> you<00:20:54.790> have 00:20:54.960 --> 00:20:54.970 align:start position:0% goes through it yeah also if you have 00:20:54.970 --> 00:20:56.640 align:start position:0% goes through it yeah also if you have some<00:20:55.180> great<00:20:55.360> ideas<00:20:55.780> for<00:20:55.810> new<00:20:56.020> products<00:20:56.320> please 00:20:56.640 --> 00:20:56.650 align:start position:0% some great ideas for new products please 00:20:56.650 --> 00:20:58.230 align:start position:0% some great ideas for new products please join<00:20:56.950> us<00:20:56.980> on<00:20:57.250> or<00:20:57.400> email<00:20:57.640> you<00:20:57.730> can<00:20:57.880> set<00:20:58.030> up<00:20:58.120> an 00:20:58.230 --> 00:20:58.240 align:start position:0% join us on or email you can set up an 00:20:58.240 --> 00:21:00.180 align:start position:0% join us on or email you can set up an email<00:20:58.330> list<00:20:58.630> we<00:20:59.080> invite<00:20:59.380> you<00:20:59.560> to<00:20:59.590> our<00:20:59.770> slack 00:21:00.180 --> 00:21:00.190 align:start position:0% email list we invite you to our slack 00:21:00.190 --> 00:21:01.890 align:start position:0% email list we invite you to our slack that<00:21:00.700> we<00:21:00.820> just<00:21:00.940> cast<00:21:01.120> all<00:21:01.300> those<00:21:01.450> things<00:21:01.690> that 00:21:01.890 --> 00:21:01.900 align:start position:0% that we just cast all those things that 00:21:01.900 --> 00:21:03.330 align:start position:0% that we just cast all those things that we<00:21:02.050> can<00:21:02.200> come<00:21:02.380> up<00:21:02.410> with<00:21:02.530> new<00:21:02.770> products<00:21:03.190> for 00:21:03.330 --> 00:21:03.340 align:start position:0% we can come up with new products for 00:21:03.340 --> 00:21:05.430 align:start position:0% we can come up with new products for using<00:21:03.730> is<00:21:03.880> the<00:21:04.060> killer<00:21:04.570> depth<00:21:04.900> real<00:21:05.200> power 00:21:05.430 --> 00:21:05.440 align:start position:0% using is the killer depth real power 00:21:05.440 --> 00:21:07.230 align:start position:0% using is the killer depth real power application<00:21:06.070> just<00:21:06.220> let<00:21:06.340> us<00:21:06.460> know<00:21:06.490> we<00:21:07.090> can 00:21:07.230 --> 00:21:07.240 align:start position:0% application just let us know we can 00:21:07.240 --> 00:21:24.270 align:start position:0% application just let us know we can build<00:21:07.390> it<00:21:22.200> after<00:21:23.200> this<00:21:23.410> the<00:21:23.710> owner<00:21:23.920> gets 00:21:24.270 --> 00:21:24.280 align:start position:0% build it after this the owner gets 00:21:24.280 --> 00:21:27.030 align:start position:0% build it after this the owner gets access<00:21:24.730> again<00:21:25.060> so<00:21:25.570> he<00:21:25.750> can<00:21:25.990> take<00:21:26.080> he<00:21:26.650> loses 00:21:27.030 --> 00:21:27.040 align:start position:0% access again so he can take he loses 00:21:27.040 --> 00:21:30.090 align:start position:0% access again so he can take he loses access<00:21:27.790> from<00:21:27.910> 12<00:21:28.180> to<00:21:28.300> the<00:21:28.390> lock<00:21:28.540> and<00:21:28.720> user<00:21:29.590> the 00:21:30.090 --> 00:21:30.100 align:start position:0% access from 12 to the lock and user the 00:21:30.100 --> 00:21:39.620 align:start position:0% access from 12 to the lock and user the owner<00:21:30.280> has<00:21:30.550> 10<00:21:30.730> access<00:21:31.090> control<00:21:31.390> of<00:21:31.510> the<00:21:31.630> log 00:21:39.620 --> 00:21:39.630 align:start position:0% 00:21:39.630 --> 00:21:42.900 align:start position:0% hi<00:21:40.660> what<00:21:41.050> about<00:21:41.170> the<00:21:41.500> network<00:21:42.190> transaction 00:21:42.900 --> 00:21:42.910 align:start position:0% hi what about the network transaction 00:21:42.910 --> 00:21:51.780 align:start position:0% hi what about the network transaction fees<00:21:48.240> they<00:21:49.240> are<00:21:49.300> so<00:21:49.510> tiny<00:21:49.870> like<00:21:50.260> if<00:21:50.830> we<00:21:51.190> preload 00:21:51.780 --> 00:21:51.790 align:start position:0% fees they are so tiny like if we preload 00:21:51.790 --> 00:21:54.720 align:start position:0% fees they are so tiny like if we preload this<00:21:52.210> log<00:21:52.390> home<00:21:52.600> service<00:21:53.140> 5<00:21:53.380> ether<00:21:53.710> this<00:21:54.490> will 00:21:54.720 --> 00:21:54.730 align:start position:0% this log home service 5 ether this will 00:21:54.730 --> 00:21:57.750 align:start position:0% this log home service 5 ether this will last<00:21:55.510> a<00:21:55.840> while<00:21:56.320> just<00:21:56.860> for<00:21:57.070> transaction<00:21:57.550> fees 00:21:57.750 --> 00:21:57.760 align:start position:0% last a while just for transaction fees 00:21:57.760 --> 00:22:00.210 align:start position:0% last a while just for transaction fees so<00:21:58.120> that<00:21:58.240> they<00:21:58.330> need<00:21:58.660> to<00:21:58.840> go<00:21:59.020> to<00:21:59.050> the<00:21:59.440> exchange 00:22:00.210 --> 00:22:00.220 align:start position:0% so that they need to go to the exchange 00:22:00.220 --> 00:22:01.440 align:start position:0% so that they need to go to the exchange and<00:22:00.370> get<00:22:00.550> some<00:22:00.700> easier<00:22:01.000> to<00:22:01.120> do<00:22:01.240> this 00:22:01.440 --> 00:22:01.450 align:start position:0% and get some easier to do this 00:22:01.450 --> 00:22:03.120 align:start position:0% and get some easier to do this somebody's<00:22:02.140> thing<00:22:02.290> is<00:22:02.380> just<00:22:02.530> pre<00:22:02.710> doubt<00:22:02.860> pre 00:22:03.120 --> 00:22:03.130 align:start position:0% somebody's thing is just pre doubt pre 00:22:03.130 --> 00:22:05.160 align:start position:0% somebody's thing is just pre doubt pre loading<00:22:03.460> it<00:22:03.580> with<00:22:03.700> a<00:22:03.790> couple<00:22:04.060> of<00:22:04.090> ISA<00:22:04.300> this<00:22:04.900> I 00:22:05.160 --> 00:22:05.170 align:start position:0% loading it with a couple of ISA this I 00:22:05.170 --> 00:22:07.890 align:start position:0% loading it with a couple of ISA this I know<00:22:05.320> no<00:22:05.530> it<00:22:05.590> currently<00:22:06.100> is<00:22:06.160> saying<00:22:06.790> is<00:22:06.900> 0.02 00:22:07.890 --> 00:22:07.900 align:start position:0% know no it currently is saying is 0.02 00:22:07.900 --> 00:22:09.930 align:start position:0% know no it currently is saying is 0.02 dollar<00:22:08.110> send<00:22:08.410> something<00:22:09.220> like<00:22:09.400> this<00:22:09.670> turn<00:22:09.910> the 00:22:09.930 --> 00:22:09.940 align:start position:0% dollar send something like this turn the 00:22:09.940 --> 00:22:11.940 align:start position:0% dollar send something like this turn the transaction<00:22:10.570> so<00:22:11.110> he<00:22:11.320> can<00:22:11.440> make<00:22:11.560> thousands<00:22:11.890> of 00:22:11.940 --> 00:22:11.950 align:start position:0% transaction so he can make thousands of 00:22:11.950 --> 00:22:13.740 align:start position:0% transaction so he can make thousands of such<00:22:12.100> actions<00:22:12.460> there's<00:22:13.030> a<00:22:13.150> little<00:22:13.330> bit<00:22:13.420> of<00:22:13.540> pre 00:22:13.740 --> 00:22:13.750 align:start position:0% such actions there's a little bit of pre 00:22:13.750 --> 00:22:22.840 align:start position:0% such actions there's a little bit of pre noted<00:22:14.020> ether 00:22:22.840 --> 00:22:22.850 align:start position:0% 00:22:22.850 --> 00:22:25.240 align:start position:0% how<00:22:23.630> do<00:22:23.690> you<00:22:23.809> plan<00:22:24.049> to<00:22:24.110> solve<00:22:24.529> the<00:22:24.740> problem 00:22:25.240 --> 00:22:25.250 align:start position:0% how do you plan to solve the problem 00:22:25.250 --> 00:22:28.870 align:start position:0% how do you plan to solve the problem where<00:22:25.700> the<00:22:26.210> final<00:22:26.690> end<00:22:27.019> user<00:22:27.559> that<00:22:28.070> is<00:22:28.250> renting 00:22:28.870 --> 00:22:28.880 align:start position:0% where the final end user that is renting 00:22:28.880 --> 00:22:32.019 align:start position:0% where the final end user that is renting the<00:22:29.389> machine<00:22:30.110> doesn't<00:22:31.009> need<00:22:31.220> to<00:22:31.429> know<00:22:31.460> or 00:22:32.019 --> 00:22:32.029 align:start position:0% the machine doesn't need to know or 00:22:32.029 --> 00:22:34.749 align:start position:0% the machine doesn't need to know or understand<00:22:32.750> that<00:22:33.049> he<00:22:33.259> will<00:22:33.409> or<00:22:33.620> have<00:22:33.919> any<00:22:34.519> turn 00:22:34.749 --> 00:22:34.759 align:start position:0% understand that he will or have any turn 00:22:34.759 --> 00:22:37.149 align:start position:0% understand that he will or have any turn so<00:22:35.630> we<00:22:35.750> try<00:22:35.899> to<00:22:35.929> solve<00:22:36.259> this<00:22:36.409> of<00:22:36.559> course<00:22:36.590> in<00:22:37.009> our 00:22:37.149 --> 00:22:37.159 align:start position:0% so we try to solve this of course in our 00:22:37.159 --> 00:22:39.340 align:start position:0% so we try to solve this of course in our app<00:22:37.429> what<00:22:37.970> we<00:22:38.090> thought<00:22:38.269> now<00:22:38.509> is<00:22:38.720> just<00:22:38.960> using 00:22:39.340 --> 00:22:39.350 align:start position:0% app what we thought now is just using 00:22:39.350 --> 00:22:41.379 align:start position:0% app what we thought now is just using ether<00:22:39.830> so<00:22:40.340> in<00:22:40.399> the<00:22:40.460> future<00:22:40.759> we<00:22:41.059> are<00:22:41.090> also 00:22:41.379 --> 00:22:41.389 align:start position:0% ether so in the future we are also 00:22:41.389 --> 00:22:43.180 align:start position:0% ether so in the future we are also planning<00:22:41.750> that<00:22:42.080> you<00:22:42.139> can<00:22:42.409> pay<00:22:42.559> us<00:22:42.679> paper<00:22:43.070> or 00:22:43.180 --> 00:22:43.190 align:start position:0% planning that you can pay us paper or 00:22:43.190 --> 00:22:44.440 align:start position:0% planning that you can pay us paper or credit<00:22:43.490> card<00:22:43.730> but<00:22:44.120> then<00:22:44.240> you<00:22:44.330> have<00:22:44.419> a 00:22:44.440 --> 00:22:44.450 align:start position:0% credit card but then you have a 00:22:44.450 --> 00:22:46.450 align:start position:0% credit card but then you have a centralized<00:22:44.929> exchange<00:22:45.110> between<00:22:45.590> so<00:22:46.309> this 00:22:46.450 --> 00:22:46.460 align:start position:0% centralized exchange between so this 00:22:46.460 --> 00:22:48.759 align:start position:0% centralized exchange between so this basically<00:22:46.880> means<00:22:47.120> like<00:22:47.809> for<00:22:48.169> you<00:22:48.289> guys<00:22:48.529> who 00:22:48.759 --> 00:22:48.769 align:start position:0% basically means like for you guys who 00:22:48.769 --> 00:22:49.810 align:start position:0% basically means like for you guys who know<00:22:48.889> how<00:22:48.919> to<00:22:49.130> use<00:22:49.370> these<00:22:49.610> some 00:22:49.810 --> 00:22:49.820 align:start position:0% know how to use these some 00:22:49.820 --> 00:22:51.519 align:start position:0% know how to use these some cryptocurrencies<00:22:50.269> it's<00:22:50.779> a<00:22:50.899> completely 00:22:51.519 --> 00:22:51.529 align:start position:0% cryptocurrencies it's a completely 00:22:51.529 --> 00:22:53.409 align:start position:0% cryptocurrencies it's a completely decentralized<00:22:51.980> system<00:22:52.580> working<00:22:52.880> without<00:22:53.179> us 00:22:53.409 --> 00:22:53.419 align:start position:0% decentralized system working without us 00:22:53.419 --> 00:22:55.570 align:start position:0% decentralized system working without us but<00:22:54.110> if<00:22:54.289> you<00:22:54.470> don't<00:22:54.710> use<00:22:55.070> cryptocurrencies 00:22:55.570 --> 00:22:55.580 align:start position:0% but if you don't use cryptocurrencies 00:22:55.580 --> 00:22:57.669 align:start position:0% but if you don't use cryptocurrencies you<00:22:56.029> then<00:22:56.419> we<00:22:56.539> will<00:22:56.720> offer<00:22:56.929> a<00:22:57.080> service<00:22:57.350> for 00:22:57.669 --> 00:22:57.679 align:start position:0% you then we will offer a service for 00:22:57.679 --> 00:22:59.200 align:start position:0% you then we will offer a service for those<00:22:57.830> people<00:22:58.220> that<00:22:58.370> is<00:22:58.519> really<00:22:58.820> easy<00:22:59.000> to<00:22:59.090> use 00:22:59.200 --> 00:22:59.210 align:start position:0% those people that is really easy to use 00:22:59.210 --> 00:23:01.240 align:start position:0% those people that is really easy to use we<00:22:59.929> do<00:23:00.049> all<00:23:00.169> the<00:23:00.320> work<00:23:00.470> behind<00:23:00.649> and<00:23:01.009> we<00:23:01.100> will 00:23:01.240 --> 00:23:01.250 align:start position:0% we do all the work behind and we will 00:23:01.250 --> 00:23:02.950 align:start position:0% we do all the work behind and we will probably<00:23:01.460> charge<00:23:01.850> of<00:23:02.090> free<00:23:02.240> photos<00:23:02.629> to<00:23:02.809> make 00:23:02.950 --> 00:23:02.960 align:start position:0% probably charge of free photos to make 00:23:02.960 --> 00:23:04.749 align:start position:0% probably charge of free photos to make some<00:23:03.139> money<00:23:03.289> out<00:23:03.350> of<00:23:03.470> this<00:23:03.740> if<00:23:03.889> you<00:23:04.429> use<00:23:04.610> the 00:23:04.749 --> 00:23:04.759 align:start position:0% some money out of this if you use the 00:23:04.759 --> 00:23:07.180 align:start position:0% some money out of this if you use the decentralized<00:23:05.090> way<00:23:05.480> but<00:23:06.110> for<00:23:06.409> for<00:23:06.799> you<00:23:06.889> paying 00:23:07.180 --> 00:23:07.190 align:start position:0% decentralized way but for for you paying 00:23:07.190 --> 00:23:08.740 align:start position:0% decentralized way but for for you paying with<00:23:07.309> ease<00:23:07.460> though<00:23:07.639> maybe<00:23:08.149> with<00:23:08.330> a<00:23:08.360> Bitcoin 00:23:08.740 --> 00:23:08.750 align:start position:0% with ease though maybe with a Bitcoin 00:23:08.750 --> 00:23:12.159 align:start position:0% with ease though maybe with a Bitcoin relate<00:23:09.080> a<00:23:09.379> a<00:23:09.409> Bitcoin<00:23:09.919> it's<00:23:10.750> free<00:23:11.750> free<00:23:12.139> of 00:23:12.159 --> 00:23:12.169 align:start position:0% relate a a Bitcoin it's free free of 00:23:12.169 --> 00:23:26.830 align:start position:0% relate a a Bitcoin it's free free of charge<00:23:23.470> thank<00:23:24.470> you<00:23:24.529> very<00:23:24.679> much