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Itnig

Itnig es un ecosistema de startups, un fondo de inversión para proyectos en etapa inicial, un espacio de coworking y un medio de comunicación con el objetivo de construir y ayudar a otros emprendedores a crear negocios escalables. Nuestro objetivo es liderar negocios de alto crecimiento, y construir un ecosistema y una economía independientes donde nuestras startups y equipos puedan colaborar, fortalecerse y crecer más rápido. El podcast de Itnig es un podcast de negocios, tecnología y emprendimiento. Invitamos semanalmente a emprendedores y perfiles tecnológicos para hablar sobre sus startups de éxito. Siempre estamos buscando aprender y compartir conocimiento de las personas más interesantes del ecosistema. A través del fondo de inversión de Itnig, buscamos invertir en equipos con el talento y la ambición de crear negocios escalables con el potencial de cambiar mercados e industrias. Itnig es un ecosistema de startups, un fondo de inversión para proyectos en etapa inicial, un espacio de coworking y un medio de comunicación con el objetivo de construir y ayudar a otros emprendedores a crear negocios escalables. Nuestro objetivo es liderar negocios de alto crecimiento, y construir un ecosistema y una economía independientes donde nuestras startups y equipos puedan colaborar, fortalecerse y crecer más rápido. El podcast de Itnig es un podcast de negocios, tecnología y emprendimiento. Invitamos semanalmente a emprendedores y perfiles tecnológicos para hablar sobre sus startups de éxito. Siempre estamos buscando aprender y compartir conocimiento de las personas más interesantes del ecosistema. A través del fondo de inversión de Itnig, buscamos invertir en equipos con el talento y la ambición de crear negocios escalables con el potencial de cambiar mercados e industrias.

Transcribed podcasts: 697
Time transcribed: 26d 23h 57m 17s

Gracias a todos por estar aquí con nosotros hoy.
Antes de presentar y decir más sobre nosotros,
¿puedo preguntar a ti a un show of hands?
¿Cómo muchos de ustedes son desarrolladores
trabajando en el campo, la política y los desarrolladores?
¿Cómo muchos de ustedes son desarrolladores?
¿Cómo muchos de ustedes están desarrollando algo
relacionado con el mundo de blockchain?
Ok, gracias.
Estamos aquí hoy para decirles más sobre nuestro proyecto.
El proceso de cosas.
Estamos también en algo muy especial.
Obviamente, estar aquí significa que
estás interesado en el campo.
Todos creemos que el blockchain tiene el potencial
de transformar el mundo y cambiar
la función de la sociedad, de las personas,
de los procesos, de los asesos, entre nosotros.
Para nosotros, es una tecnología muy especial
que se utiliza correctamente
y que realmente tiene un efecto transformacional
en la sociedad.
Hay un número de cosas sobre eso
y no creo que tengamos suficiente tiempo
para hablar de todas las cosas,
pero estamos justificando algunos de los topics
que creemos que son importantes
y que son importantes para nosotros.
¿Cómo el coche funciona?
¿Cómo creemos que las cosas procesas
pueden ayudar y cambiar las cosas procesas?
Una de las principales cosas
de las cosas procesas que verás
en el camino es que es totalmente base
de la confianza.
Y nosotros tratamos de la confianza
como el aspecto más importante
en lo que estamos creando.
¿Cómo utilizamos el blockchain
y lo que es diferente con las cosas procesas?
¿Cómo creemos que las cosas procesas
puedenуть un 싶o pudacting
o creer nuestra mundo
de muchas formas?
lo que simplemente es nurturing
y transportar criteriones
y ver Microelfix
S ers Basically,
mas de estos
hemos trabajado juntos
durante más de 10 años
en diferentes proyectos
que se enfocaron en autom from
lojico, so we are hardcore geeks.
The rest you will be able to find out more on the website and soon from the videos to
come.
The current state in the world is really demanding change, this is what we believe in, and technology
has the potential, the blockchain technology has the potential to transform and change that
and give us the tool to actually fix all the problems.
One of the things that do is that if technology is misused or misunderstood, then we can see
it as a problem instead of a solution.
There are many problems in the current state of the world, exponential technology growth
is followed by a big gap in the knowledge difference between people knowing how to work
with that and people that have no idea what this is.
We have lack of adoption of the emerging technologies and innovation, like blockchain is the same.
In blockchain, for example, people see mainly, when you speak about blockchain, if they
don't know what this is, they think about bitcoin, they think about how can we make money fast
and that's where it ends, and the technology has a lot deeper implications than that.
Lack of adoption, false scarcity, the world is an abundant place, we actually have enough,
we believe we have enough that the planet has enough resources, but the world is not being
treated as a resource-based economy, it's treated in a completely different way, and with the
right tool and the right approach, we believe we can fix that.
Distribution ownership, shared economy, I don't know how many of you have heard the term
shared economy and shared ownership, but do you believe that, if each one of you has a
drilling machine, and if we live together, you think that's needed, don't you think that
we need a set number of things that each one of us can use, because right now the commercial
driven world is basically stimulating each one of you to have every item possible and
own it, but ownership doesn't have to be like this, but managing shared ownership is a different
pose, different challenges and different questions and different problems.
And closed source, because to make this clear, everything that we do, we are firm believers
in open source as a principle of managing and principle of bringing evolution to the
world, so you can, everything that we are going to say, make sure that you look at it from
the open source perspective, because that's how we see it.
So yes, so the way forward, the way we see moving forward in the current world and also
the way that, why we're building the process of things is that it will help focus on the
right, on the solutions.
We see it as being part of a meta process, because process of things is going to help us manage
processes between assets, between devices, between technology communication like machine
to machine, people between people, processes and assets, they all require different types
of communication, but process of things can manage all of that.
And to us, the process of things is a way to unite technology and people and basically
gather us towards a common goal, it's just a tool.
So decentralized governance, blockchain, cryptocurrencies, artificial intelligence, smart contracts, it's
all a part of a new paradigm that we're seeing now emerging in the world.
And it poses, like I said, it poses new questions, it creates new opportunities and at the same
time, right now, I think we're just seeing the tip of the iceberg.
The focus is on cryptocurrencies, the focus is on get rich quick schemes, ICOs, how can
we make money, but the technology that's behind it, it's kind of left misunderstood, misinterpreted
and there is not enough information about it.
One of the main things about decentralized governance is how do we do it without having
a central authority?
So this is one of the things that we're going to tackle with the technology, is that everybody
takes control of their own self, okay, we don't have a third party that says, yes, you are
a human, you are welcome to this planet, and what's your name going to be, sir?
We don't have that.
So about how the world works right now, everything is centralized.
If you think about it, the way that governments work, the way that companies work, the way
that communities are managed, nations, everything is centralized.
And so far it looked like this is the only solution, but we now know it's not the only
solution and that there are other ways that we can manage processes on a lower level and
manage them even more effectively, manage them without trusting third parties or without
needing third parties, which is really going to change a lot of industries on a deep level.
One of the things about processes, everything in the world can feel so complicated, okay,
but if we break that complication down into simple little steps, these processes, processes
are linear, you may think that you have many different directions, you can travel in life,
but everything is linear up to a point, then you make a decision which way to go, left
or right, okay, so we found that by breaking everything down into a step-by-step process,
we can make incredibly complicated systems, very, very simple.
Yeah, one of the main differences is that the way we treat objects is that we attribute
the information that belongs to the object, it belongs to the object, I may be the object,
and all information about me, I would like to own that information, I don't want to give
it out freely in exchange for, because everyone keeps saying if you want to use technology
you have to give up privacy, forget about privacy if you want to use technology, and we say why
should we do this, why don't we take a different approach where I can steal all my data and
it can travel with me, because one of the most important things, one of the biggest things
that we change in the way processes are handled, is that we say that the most important thing
is the local environment, I may speak to him when he's in New York and I'm in London
or something else, somewhere else, but when we are together, this is what really matters
to us, and right now if I had a way to know your interests, I wouldn't be that much interested
in your names, because yeah, they are a label, you carry it with you, means something to you,
means something to who you are probably, but at the same time I'm more interested about
what are your aspirations, what do you want to achieve in life, what are your interests,
and this kind of information you can share with the world, because if it's true it's
not going to change, you know, it's who you are, and why not being able to find people
around you based on such layer of information, and this can travel with you, the way we're
building it in POPs, information pertains to the object, which means that it's attached
to the object, it travels with the object, and the main principle is locality, the local
environment.
We brought the whole system down to three main points, one, a location, a location is
a place where things happen, coffee shop is a coffee, in the kitchen you cook your food,
every location has a process, okay, so we took a location and then we said okay, let's
have an object, something that we can interact with, so that object could be a bottle of
milk, it could be a car, it could be any object, and then it's you, you are the center
of the universe, everything that you do revolves around you, your interactions with people around
you, with places around you, with objects around you, the relationship is about you, it's not
a centralized database somewhere in a server running algorithms on your decisions and what
you probably are going to do next, it's about what you're doing now, in the moment, how
you're interacting with that work around you.
Yeah, and this is the thing, most of our, most of the things in our life seem to be events,
like something happens, but an event is a series, I mean, an event, event actually,
at least an event is usually a process, one of my favorite quotes is, it took me ten
years to become an overnight success, and that illustrates it perfectly, but you cannot
improve something you don't have data for, so this is a thin, this is a thin line balance
between how do we, how do we, how do we measure and how do we manage things without risking
the privacy and without giving away information, because without, without measuring things you
cannot, we cannot manage them, and this is where we are really challenging, challenging
the current status quo, challenging how everything is being built and how things are being managed
with the way we handle processes.
There are multiple, multiple applications, and actually more applications of the technology
that we currently can manage on our own, and one of the best things is that being open source
means that anyone can join us and build stuff with us, which we believe should happen, and
it's actually happening already, because there are so many, so many uses and so many applications
that even before launching the technology in a better phase where we could actually test
it, we had already more requests than we knew what to do with, people were asking us about
managing, managing CATO in, in, in Mongolia, what was the cashmere goals, people were wanting
to use this as, as in restaurants, for managing the menu and handling orders, managing assets
in data, in data asset management companies, and it was, we didn't, we knew on, we were
on the right track because it was growing faster than we could develop it, which was a good
thing.
So about, we said that one of the main things is trust, and you'll find out more about this,
and I think it will take more of a, it will take, it will be a process for you to really
understand what we mean when we say trust, because trusting someone is not something you
can explain like just, you know, I can tell you how to trust me, you know, it doesn't
happen, it doesn't happen this way, it doesn't happen the same way in our system, in our platform,
and yeah, Craig can tell you more about the technical aspects, and if you're interested
in more, we're learning more about how it works from the technical side, you can speak
to him later.
One of the interesting points on this slide is we, we, in a, from the app point of view
from the mobile phone, we're, we're basically saying your, the app application is the interface
between, it's basically your digital shadow, it's a self, it's yourself, okay, but of a
digital world, it transcends the gap between digital reality and physical reality, okay.
So what we wanted to do is make sure that you have control of your own identity.
So no, no GPS, how did we get, we wanted to get away from using GPS, because GPS people
feel, oh, you know where I am, okay, so we looked for a new way that we could give meaningful
information, but to people, or many people exist in the same location, but without having
any physical biometric data, GPS being your physical location on the planet, and so what
we mean is two objects can exist in the same space, but we don't know where that space
is.
And to illustrate, I think we should really explain the example with using the locality
with the GSM cell, and the MAC addresses, because this, because most of the things that we speak
about, I know they probably sound like you still don't know what we're talking about,
but okay, and it's fine, we are now used to this, which is fine, but yeah, so it will
take some time for you to understand how it's different, but this example of how the local
hash, how we create a hash, you know how the hashing mechanism, how hashing works in blockchain,
I saw some of you are actually developing, but to explain it, you can hash anything,
a hash is just imagine, it's a way of generating a fingerprint out of anything, it can be,
you can take a single page of a book, or you can take the whole book and generate a hash,
the hash will be the same length, but what it basically represents is the fingerprint
of that page or that book, and even if you change one comma, or one letter, or one word
in that page, or even in the book, the hash will be different, it's not going to be the
same, because the hash is the collective of the whole, represented by this line, and this
line becomes a fingerprint, and it's so revolutionary, I know that it took me some time to understand
it, and to realize what it means to us in this technological world, to be able to verify
data of any size, small or big, the same way.
So this is how we begin to create trust, what we said is if we want to create a new technology,
you have to find a way to allow people to have their own identity without any exceptions
to the rules, if you create an exception to the rule, your program is forever going to
be updated, you're going to have to write lines of code to fix the bugs as they roll
in, ok, every time you get an exception, you're going to have to write some more code to deal
with that exception.
So we were looking at a way, how humanity, by your own self, can create your own identity
of trust, so what we said is, if you're alive, like a living human being, you do things with
your everyday life, so why not let's take your everyday life, and turn that into your
digital self, ok, no one else can copy it, it's like your shadow, no one in here has
a shadow the same, I cannot move behind you all day long, so you have your own patterns,
you have your own locations that you're visiting, and the way we're handling it, we don't know
where you are, but we know you're there, and we do this because we said, well look, we've
got these mobile devices, fantastic, they've got loads and loads of processing power, but
they're useless with batteries, ok, batteries are terrible, everybody wants their phone to
last at least the whole day, ok, so we need to find a way that we don't consume your battery,
your phone, without you knowing, has to do certain things, for you to be able to receive
those telephone calls, it has to be able to switch from cell tower to cell tower, it
knows the cell towers around it, it knows the cell towers currently connected to, ok,
so for your phone to access wifi, or to tell you there's a wifi, it has to scan the radio
waves all the time to see if there's a wifi, these are actions of the operating system,
so you're not actually asking it to do anything else, it's doing this all the time in any case,
so we thought, ok, this is great, we can take this data, we can organize it, sort it, so
it's always sorted in the same manner, ok, we hash that out so it's a unique fingerprint
for that location, where the location is, we have no clue, and that tells us that you are
here, ok, rather than storing that in a database which is what people like Google do, they track
you every single movement, we don't care, because if you're the first person into that space
nothing happens, ok, but now somebody else steps into that same space, that has created
an event, now that we can check from peer to peer, this is all decentralized, none of
this is being stored on a separate server, this is all node to node communications, your
mobile is only sending information to a node, the node then communicates to all the other
nodes and says, I have a unique hash here, with an individual, who has a tag, bitcoin,
ok, and it says, do you have a tag for bitcoin, no, the tag is just information about you that
you want to, you decide to share with the world, that's it, that's what you decide,
but that event is triggered by you, by somebody else entering that same hash basically, ok,
the minute you step out of that hash, there's no communications, there's no need for the
system to notify, because now he's the only person in that hash, so we only trigger these
events on changes in the environment, so this does away with some other interesting problems,
there's mobile phones, if you have an application that is continuously saying to a server somewhere,
have you got any information for me, updates, any information, you're burning power, you're
draining that battery, ok, if you rely on Google, Google wonderful Google, aren't they,
every time you run your application, you subscribe to their server, so that allows them to push
notifications, ok, we want you to make sure that we don't rely on Google service being
up so that we can send you notifications, so every time we need to use this data flow
very efficiently, so that means, when you step into that location, you generate a new hash,
you send that to the node that you're currently connected to, the node does all its things
but in the ok message that says, ok, I got your hash data, it sends back all the information
that it needs to tell your application about, do you have new messages, you know, if there's
an inquiry, if somebody sent you cryptocurrency, all that kind of information, so all those
events are packaged in there, so we've done a lot of work to make sure the application
itself is very, power friendly, and now how does this connect to trust, because this
is just a technological foundation that drives the application and the platform that we're
creating, but the main thing that we built it around was that, that was just a means
for us to get to the trust factor, and to trust factor, we treat it like a cryptocurrency,
you can get trust, and you can receive trust, we don't say we are losing it, but we are
giving it, and the way it works is that, the main thing is why do we need trust, well
we don't really need it, but it will be nice to have it, I mean I think all of you would
agree that it will be nice for you to be surrounded by more people that you can trust, and it's
why I think it's one of the main human aspects, the better aspects of life is being surrounded
by people you trust, you really feel a lot better when you are around people that you
know, and that's why in tribal culture, in tribes they felt they developed in a different
way, because you are always surrounded by people you know, even if you don't trust them, you
know you don't trust them, and the way we are living right now, we are completely surrounded
all the time by strangers, most of the time, and even if you don't feel it, your body is
in a state of stress all the time, because it's this constant threat around you, you
don't know what might happen the next moment, and you know news doesn't happen, it doesn't
help that in too many ways, bringing your state of mind and so on, but trust we think
is a way to basically establishing the trust is the main thing, like how can I trust someone
of you, how do you get me to trust you, like we said, it doesn't happen, it's not really
an event, it's a series of events that leads to this, and the way we've done this, this,
the way we tackle this, this unique fingerprint that happens every time you move from location
to location, your phone is talking to all these digital signatures basically, and creates
a unique hash for every step along the way, ok, now that hash is not recorded anywhere,
it's just used in the moment of time, so how do we generate trust if we're not recording
your movements, so what we said, well blockchain does this every time you send a transaction,
it's verifying that transaction, that transaction is moving coin from one place to another, so
if we take trust and we turn it into a token, a coin, a digital asset, and we say ok, I
step into this unique location, I will send a coin, a bit of a coin, to the node, and say
I've got new hash for you, here's my token for this hash, the hash then, the node collects
that token, and you go on your way, all this time you're actually losing trust, why is
this important?
Well because if somebody picks up your mobile phone, it's not you, you don't want them to
be able to spend your money, so because they don't have your patterns, they will lose trust
very quickly, ok, so it protects your phone, now the minute you get home or back to the
office, what we call a safe spot, the node, the safe spots are the places that you visit
the most, you can create a safe spot, and you will create a safe spot in your house, basically
there are two locations that you visit all the time, and that's your home and your work,
that's most important, or the place you go to where you work, so safe spots are places
you set out from every single day, ok, so you leave home, you go to a friend, have coffee
whatever, when you come back home at the end of the day, what happens is that trust you've
been given away all the time, when you come back home that trust is returned to you, ok,
but you've now had a net gain of zero, you've not gained any trust, you've just got the trust
that you've given, so how do we stop hackers from creating a way that they can fake trust,
so what we say, well if two individuals, two completely unknown individuals walk down the
same street, they will create the same set of hashes, yeah, do you understand why, I'm
sure you don't, I mean, so very clear and we know that, what you can help us with today
is just ask questions that will help us in so many ways understand how can we improve
explaining this, because it's all complicated, to us it's very simple now, but I know it's
not easy to, it's not easy, yeah, we will have, if you can keep the question, we'll
soon finish with this, yeah, we will talk about this, ok, let me, just remind me about
the test, please, so basically when two people go down the same street, they generate hopefully
the same hash, it doesn't really matter if they do or they don't, but if they happen
to generate the same hash, the node creates a multiplier, ok, so the multiplier is 0.001
for example, ok, so the next time you go down that street, because two people are verified
that exist, you are now a multiplier, so when you get back to your safe zone, you get your
trust plus now the 0.001, if there's 10 people it goes to 0.010, if it goes to 100 people
it's now 0.01, ok, so your trust is amplified the more times you go down places where other
people have uniquely verified, this way we know that's a real place, that's the way
to protect the network against creating virtual locations that you can not even move around
but just simulate it, so you can gain trust, and why you need trust, well you need trust
in order to be able to interact in the context of the process of things, and the platform,
and the different applications that will emerge out of it, it will allow you to do things
that we know it's you, we may not know who you are, but we know it's a real person that
wants to either pay, or order, or vote for things, or open a door, or do things that
they are allowed to, or that are important to them, or to the context of the organization
that they work with, so that it can verify that it can give you access to something, or
that for example your vote is really you voting for something, like I said the applications,
there are multiple applications, and one of the main ways we are different than the standard
blockchain, is that the standard blockchain has a very small limitation on the number
of transactions, that most of the blockchains have a very limited number of transactions
they can do per second, and that's one of the biggest constraints of the proof of work
blockchains, that the way they handle transactions is it's working right now, but it's not scalable,
so there is no way that it can become, the way it is right now, it will be very difficult
for the standard blockchains right now to become a driver for the future, a technology that
can change everything we do, because you know how internet of things is growing, machine
to machine communication, now we have AI emerging on the field, and that industry is going to
demand microtransactions, it's going to demand a lot of transactions, and you cannot do this
with 7 transactions per second, or 12 transactions per second, on a global scale it's not possible,
Visa is having 100,000 per second, and that's Visa.
So the reason why we have such slow transaction rates is because so much processing power
and restrictions on block sizes and all these wonderful things that we have to deal with
is because we have a trustless system, we don't trust anybody, my node is my node and
I don't agree, I don't trust any other node, but I will listen to what people are saying.
So this means we're losing so much processing capabilities because we have trustless blockchains.
Now the reason why they did this is because they want decentralization, and this is fantastic,
and we want everybody to be in control of themselves, and have their own right to create their identity,
so this is what we've done, but how does that help us now, get beyond this 7 transactions
or 29, which is the highest I've seen it do, a blockchain, 29 transactions per second?
There are new ones, like EOS, for example, is claiming they're going to have millions
of transactions, but that's EOS and they still run on the Ethereum blockchain, so who knows.
So if we have a layer of trust, the trust is the gatekeeper, okay, if you have trust
then you can interact with everything behind the trust, okay, that means I have a relationship
with him, I don't need to know anything about you guys because my friend is this guy here,
I already have a relationship with him, so I only need to know the crypto or what we
call transactional currencies, but he invited me to, I don't need to know about the transactional
currencies you have, for example, yeah, I only need to know about the ones that I've already
been interacted with, yeah, so once you gain that trust, once you have that trust, now
you can say, okay, I'm going to invite a friend, you give your trust to that friend, if that
friend misbehaves, you lose trust as well, you're taking responsibility for that person,
if you take a node and you connect a node to the network, the node doesn't need to know
about every single node out there, it needs to know about the nodes that are relationship
to you, to the things that you're interested in, so if you're interested in a particular
coin, a cryptocurrency that you've created, or if you're interested in a particular group
or organisation, you only need to have access to those blockchains, you don't need to see
any other blockchain other than the ones that you're interested in, and that means that
in the future, as quantum computers come online, quantum computers would basically have the
ability to unravel the blockchain, because they can do everything so fast, but by having
this trust layer, the quantum computer would have to be trusted in Barcelona, to be able
to seed the Barcelona coins, or in this case the blockchain, because it won't be able to
even know that that blockchain exists if it's not located in Barcelona. The quantum computer
in the US wouldn't even have a clue that they even exist, let alone be able to see all the
transactions that's going on, so yes, we have decentralisation, but that decentralisation
is localised, localised to you, because POS is doing everything between you and the things
around you, it doesn't matter about what somebody's got in the US, unless you travel to the US,
and then when you get to the US, you're going to be interacting with people in the US, and
they will introduce you to the local currencies in the US, yeah, you get my drift, where we
are with this, yeah, so that means we can do thousands of transactions per second, not
just seven, because we don't need to worry about wasting all that processing power on
protecting the network from people we don't know, because they can't see the network if
you don't know them, yeah, okay, so, and because of that, that allows us to parallel up these
blockchains, so that we can not only do a thousand, we can do two thousand, or a hundred
thousand, or a thousand thousand transactions per second, it doesn't matter, because we
can parallel process these blockchains.
So what matters in this, what the real, what you can take out of this is, it's just, this
is just the beginning of something, I think we already have applied it into a few industries,
and they're using it successfully, and the applications are a lot simpler than this, this
is just the macro picture, and it's a different way of handling blockchains, it's a different
way of handling transactions, it's a different way of handling technology in general, because
right now we're using centralized technology, but we also give away certain things in the
process, it's nice to be able to speak to anyone anywhere in the world, and we will still be
doing this 20 years from now, but I believe that we'll also be interacting with the local
environment in a completely different way, in a way that we're not losing anything in
the process, we're only gaining, that technology is managing our interactions between us and
devices and our people, in a way that we know we can trust them.
Smart contracts did this for the first time to the industry, by allowing people to execute
a contract based on certain set of parameters, and now they don't need an escrow, now they
don't need a middleman to have a contract, now they don't need to go to a notary to sign
that contract, but the technology is actually doing all this for us, and it will do a lot
of other things for us as well, and that's why we started thinking about, okay so how
do we manage trust on a personal level, how can we attribute trust, and what are the things
that matter the most in gaining and losing, and how do we measure it, and there are still
things that we're working with, and if any of you are mathematicians and are willing to
participate in the process, because attributing value to things seems to be one of the biggest
challenges, how do we know how much to give and how much to suspend and to gain in different
interactions, because moving, and you ask a question about it, and we'll discuss how
we deal with the technological side of networks and Wi-Fi, and basically the fingerprint that
we see around us, that gives us the hash, but it's the user's rating that we're focused
on right now in developing that part, and the concept behind it, because it will be,
in our roadmap, it's one of the things that we'll develop over the next year, we'll be
focused on improving this, because we see that it's also one of the areas that has biggest
potential for flows put it this way, and the user rating is, like Craig said, it's spent
by interacting, because I don't know if you have seen this in your world, but what matters
about people is not that much, what they're saying, it's what they're doing, their actions
mean more than their words, and we took the same concept, and applying it to the process
of things, we're saying we don't want to trust someone because, just because someone told
us we can trust them, because this can become a problem, but how do we trust someone based
on their actions, then, and that's how the user rating came into play, and it's about
measuring and tracking the movements without holding the data, this was the biggest challenge,
how do we track things without tracking them, because a pattern, your pattern of movement,
now, each one of your phones, I'm sure you've seen that, it knows where you have been, it
stores all of that data, and most of your applications, when you install an application,
if you go through the permissions, you will see that you're giving away a lot of access,
I have three kids, my youngest daughter is two years old, and she's playing, she's popping
balloons, and I saw that app, and I looked at the permissions, and I think it wanted to
manage my contacts, it wanted access to my camera, it wanted access to, I was like, she's
popping balloons, and it wanted to be able to control everything on my phone, I was like,
the thing is, you have no option, you either agree and install it or no cancel it, there
is no way you can say it, I'm not going to give you all those things and that's just
one simple example, that, we all know those things, and so it's a challenge, for us, it's
a challenge to create this, but that's why I believe that it being open source, will
gather bright minds like yourselves and together we can create something really special, something
que ya tenemos que trabajar, esto no es un concepto, tenemos que trabajar,
sabemos que puede ser mejor, pero está funcionando, y los usos de esto son un poco too many.
Uno de los temas sobre esto es el hecho de que todo el mundo aquí probably knows
que uno de los grandes beneficios de Bitcoin o blockchain es que es una tecnología de puso.
Puedes enviar dinero a alguien, no puedes tirarlo de ti como una carta de visa.
La carta de visa tiene problemas porque si tienen tus detalles, pueden traer dinero de ti.
Con toda la tecnología de blockchain es puso, yo puse este dinero a ti.
Así que esto tiene seguridad inherente.
Así que hemos hecho lo mismo con tu identidad.
Cuando veas que vas al coffee shop y veas que tienes un código popular, te escanes, te dices la menú.
Pero a ese punto de vista, lo que hace es que el primer momento que te escane algo,
veas que tienes un profundo para esta organización.
Y si no, creas una idea única para ti.
No es tu idea, no es tu idea de confianza, es una idea única.
Si tienes un adreto de burner en Bitcoin, cuando tienes un adreto de burner,
te da dinero a alguien y te da dinero en tu wallet.
¿Cuánto te tienes Bitcoin?
No sé, no sé.
Un adreto de burner es este tipo.
Tienes un adreto de wallet, por ejemplo, pero puedes ver cómo se cambia.
A veces te dices otro adreto.
Puedes usar tu viejo adreto porque el problema es que tú te acabas siendo en el mismo wallet.
¿Tienes un adreto de burner?
¿Tienes un concepto de burner ID?
Cuando te interesa con una nueva organización,
no usas tu ID.
¿Qué información quieres compartir con ellos?
Si quieres darles un e-mail, te darás un e-mail.
Eso es para ti.
Pero no necesitas darles nada.
Tienes una ID con ellos.
Por lo tanto tu traducción y historia tiene es todo ahí y todo para esa ID.
Peroа al passingar de eso,
te debes Per educatear tu profil.
¿Tienes una ID de PocTrust? Sí, escándezas el QR-Code, crea un profil, pero es un profil único de ese punto.
Ellos te dan un mortgage, ok, te darán un mortgage. Ellos no necesitan saber tu nombre, porque ellos saben...
Espero que no necesitas eso, pero...
Pero ahora estás inmediatamente diciendo que no quiero dar mi ID, porque tengo esto, tengo esto, tengo esto...
Sí, es como, ¿cuánto tiempo has tenido una ocasión en donde te adecuas a alguien, a tus amigos en Facebook,
y luego te dirías, bueno, no quiero a esta persona poder ver todo lo que hago.
Eso es solo un ejemplo.
Entonces, esto significa, si todo está mal, puedes decir, ok, yo quiero empezar de nuevo.
Te acercas a tu ID de PocTrust y creas una nueva ID, ok?
Y entonces tienes completa anonymidad, controlas lo que te compartas con el mundo.
Sí, y porque, sí, sí, nos gusta hablar de esto, podemos probablemente ir a esto toda la noche.
Si alguno de ustedes tiene preguntas, creo que debemos comenzar con el...
hablando de las transacciones de las cryptocurrencies.
Voy a intentar sumar un par de los siguientes pasos.
La principal es, esto es, desde el punto de vista tecnológico, es construido como microservices.
Es todo API-driven y va a ser open source.
Entonces, alguien que quiera usar esto, una información de validación,
puede aplicar y construir apps, usando esta tecnología en mente.
Pero, solo un poco sobre las transacciones de las currencies.
Las currencies transacciones, básicamente, estamos diciendo a la gente,
que alguien que tiene esta app puede crear su propia currencies, ok?
O sea, cualquier nombre que te guste, te pones tu propia...
¿Decor?
Basicamente, te definirás el blog de genesis para tu currency de transacciones.
Entonces, te pones cuáles son los cuantos, cuáles son los centros que están producidos,
cuáles son los propósitos.
Todo esto está hecho en una interfaz muy user-friendly, ok?
Y lo que queremos hacer con esto es, básicamente,
unlike blockchain, and unlike bitcoin, and unlike these,
we're not saying they are crypto currencies,
we're saying they're transactional currencies, they're asset-based currencies.
But you create them yourself, and the coins are generated
not through proof of work in a mathematical sense.
We tie them to physical processes in the real world.
So, we might call it a proof of trust.
Proof of trust.
So, that means that that might be as simple as inviting a friend, ok?
And once you've invited a thousand people,
1,000 coins will be distributed evenly to each one of those.
So, if you invited ten, you get ten coins.
If you invited a hundred, you get a hundred coins, ok?
Or it could be in an office where you have a process,
and if you complete that process, you get paid, yeah?
So, that's where our idea of proof of work comes in.
And why is this important?
Because this decentralizes exchanges.
You don't have to go and try and buy through an exchange
from miners' coins.
By actually doing a process, you get the coin directly into your pocket.
Well, we thought about this, this way.
Like, if I have been brought up as a kid in a cave somewhere up in the mountain,
I've never seen, and I have one gold that I survive on.
The milk from that gold is really important to me.
You come up with a hundred dollars, or a hundred euros,
and say, I want to buy that.
Can you imagine what I will say to that?
You offer me a piece of paper.
But the thing is, we trust money.
And this is the point.
As long as two people trust that this is worth a hundred euros,
it's worth a hundred euros.
And it's trust that drives it.
Nothing else.
Money has no real backup right now.
Apart from government saying, well, we back it up.
Yeah, ok.
But how?
I mean, by the GDP, by the housing market unemployment,
and all the macro, yeah, ok, good.
But it's the trust that actually, it's the trust that drives it,
and trust drives markets.
And you can see it reflected every day in movements of different people currencies.
And we believe on that basis that, sorry.
Yeah, it's time to wrap it up.
You're right for a question.
Yeah, this is the last slide.
Basically, we're in the process of development.
I told you, it's driven by micro-service.
It's built with micro-services.
It's open source and it's API driven.
So if any of you are in the field of development and want to speak to us about it,
you're very open to speak to you.