 So, uh, I'm going to drop it here as soon as it goes. Okay. So you're live beautiful. Okay. And you're going to make me the host here again. Yeah, just one second. Yeah, but you're live. You can go ahead. Okay. Good. Let's see here. Let me start the recording or David, you're going to do that. You don't, I mean, you can if you want, you don't need to the live stream will capture it, but you're welcome to as host. Beautiful. Let's just use the live stream then. Okay. Great. Well, let's get rid of this here off the screen. Beautiful. Thanks everybody for joining here on a Thursday morning in North America, the evening in India as well as Europe and if you're up late at night in other parts of Asia, the Far East. So welcome here to today's supply chain special interest group general meeting today. We're going to have Alastair and shelly from trustee present and I'll talk a little bit more about him. This is a joint session together with the trade finance thing. And so at the end, Andrea Prasadini is going to spend a little bit of time chatting through tell you a little bit more about that special interest group. So you have some awareness there. They have a lot of sessions that you might be interested in. So with that, let's get started here. First off, all are welcome. We're glad that you're here, whether you're here live or whether you're here on the recording here. Anti Trust policy like all hyper ledger meetings. And then you say here is open. It's open to everybody. We're not trying to prevent any competition out there. So please don't share anything that you don't want out in a public. So with that, so from an agenda perspective, if you're new to this group and would like to introduce yourself. We'd love to hear about you. I know there's we've had a number of folks over the last couple of months here. Join. So if you're new and want to introduce yourself, I'll give, give the floor over to you just go off and mute and introduce yourself. Okay. Here. This is Angie from Dubai. All right. And you so we got the Middle East here. Okay Dubai. And you go ahead. It's great to be here and thanks Andrew for introducing me and requesting me to come over and rather inviting me to come over. I'm looking forward to this session today. Yeah, well and you and you what what's your interests here just so others can hear a little bit. Yeah, sure. So I run a company in in the Middle East I'm from Australia. But fortunately, it's good time you know it's nine o'clock in the night. So I'm watching it live. I run an education company in the Middle East. It's called ultimate access. It's a and but I also are doing I'm doing my doctorate in blockchain from Australian University. So I'm very interested in the blockchain space and what applications are there and and the kind of growth that's here as well. Great. Great. Thank you, Andrew. Anybody else want to share. Andrew, glad to see you here. It's not for me to have you with us today. Going once. Going twice. Okay, we'll move on. Okay announcements. Let's see. Next week. So we have a little project going on here within our supply chain special interest group around one of the best practices to start a blockchain trial or prototype or pilot or something like that. So we had the initial discussion at our last meeting two weeks ago, and Eric Velliquette, my co-chair here is going to lead the discussion with that next week Thursday at the same time so it's off our normal schedule. If you'd like to join that look on the wiki and you'll be able to get the information is basically the same dial in here we're going to use for that. We have two small projects continuing on use case surveys, trying to establish a baseline of use cases for supply chain. And if you have get involved with RFIs at all, or RFPs, and you have a favorite question, or gathering those together here and there's going to be a discussion next week amongst the group that's leading that if you'd like to join, certainly give me a ping there. And way back when or last, last month, I see Jeff and I presented hyper ledger Washington community on the state of blockchain for supply chain and the links here in the agenda. If you want to go back and listen to that. So, today, we're going to flip a little bit like I said we're going to have Andreas talk at the end a little bit about the trade financing that he is headed up. Today we're going to have a Alessandro celli. I don't say it as well as he does but still, we're glad if he's joined us they're using hyper ledger base to as a company up yo over in Italy. And he's going to share with us how they're using trusty their their software as a service platform based on blockchain for doing food trace and track ability track tracking and trace ability out here. There's a set of charts here I know he's well he's open to taking questions here I'll let him say whether he wants to take questions along the way, or at the end here. So with that, Alessandro, I'll turn it over to you. I also should add he he's on his LinkedIn he says he's an IOT expert and blockchain expert and those are two really good things for for blockchain here and supply chain so with that Alessandro, I'm going to turn it over to stop sharing and let you bring up your charts. Thank you Tom. Thank you for the introduction. Thank you for this opportunity to share our company, our project. Like you said, IOT and blockchain is very important stuff and must to collaborate because if you wanted to take trust in blockchain, you need to disintermediate the insert data in blockchain and IOT is a perfect for that. I start with my presentation. I am I am Alessandro Kelly like I said, I'm CEO and co founder of Appio. Appio is very young company is an Italian company born in 2014. In the second photo, you can see all the co founder of Appio Lorenzo, Matteo Alex in first garage, I can say in Italy. And in the last photo, it's very important for us the third photo because near me and Lorenzo, there is the CEO and the administrator of very important company in Italy, Enel Acea Indra that is an important system integrator in Europe. Appio is a small company that act as a venture builder for large company in order to introduce innovative technology in a standard business model, try to disrupt this kind of business model. We have several solution patented in electrical system in energy sector and we made the solution with Acea Indra. We patented solution because we was the first company in Europe that made the data starting from the smart meter in blockchain in order to create a new ecosystem. So we are a small company that works with several large company and introduce innovative technology in order to disrupt the business model of this company. I go very fast in the first part of this presentation, but I wanted to introduce some concept that I will explode when you talk about trusty and the solution in the agri-food sector. As you may know the blockchain is ready, this slide is from 2019, but today the technology is ready and in the next day we will be deployed at large scale. Because we are in today also permission blockchain like for example we use hyperledger base is several cloud platform starting to offer as a platform as a service. So you don't need to set up your notes to set up everything about the hardware part but you can start a subscription and start your blockchain in a consortium way. But also permissionless blockchain like for example the layer 2 solution of Ethereum is starting to scale at very important numbers and with a low transaction fee. So we are ready to take this kind of technology from an experimentation, a pilot stage to production stage. I need to share this slide because I want to say why we use blockchain technology. Probably you know that blockchain in 2019 and 2018 was the solution for everything. So everybody took a solution in blockchain because they think that we solve every problem in the world. Blockchain is very important, I want to so I like this kind of approach when you need to share information and you need to, as you probably know, and you need to disintermediate the way in people verify this information. Blockchain today is the only solution that let people to verify this information in a mathematical way. So without trust any central system, any other system. Thanks to blockchain solution you can receive information and verify autonomally those kind of information. Some books and some TV show that take us to develop trusty starting from technical point of view to the sustainability environment to the omnivore dilemma that is on a food supply chain to Rotten and so on. Why food and blockchain? We started this experience because in 2098 we was the first company with the bar group in Italy that was certified by IBM Food Trust and we was the first trusted partner of IBM Food Trust worldwide. And we start to search why blockchain input is important. We are a mobile generation, I am almost 30, I can say, and when I want to know something, I look at my smartphone, when I want to know how much there is in my account bank, I have an app, when I want to know where I am, I have the GPS and so on. So in every aspect of our life we have information in real time, we search something and we have the information about what we are searching. But when we go to the supermarket on the retail, on the food retail, on the fishery and so on, we don't have those kind of information. We ask to the butcher or to the retailer where the fish was caught or where the vegetable was caught, when, how and so and the other information, we don't have those kind of information. We don't have an application that say, okay, this vegetable, this apple was caught by Tom yesterday and you receive this apple because we don't have this information on food industry. We are in a global food supply chain. So every packaging food, for example, can have raw material from every part of the world. Food has become more anonymous and more obscure. And when we are in the front of the shelf, we don't have the information to make the right choice. So, for example, if I have two chocolate bars, one costs 50 cents more than the other, I don't have the information to say, okay, I will buy the chocolate that costs more because this chocolate guarantee me, as for me, that no child is involved in the cocoa plants or, for example, this kind of cocoa was transported with cargo that are sustainable and others information. So probably when I go to the food shop or food retail, I will buy the chocolate bar that cost less because I don't have information to make the sustainable choice to make this kind of choice. So it's very important. This is a very important aspect. And it's linked to an information problem. So if I can have this kind of information, I can make the right choice. And this is where trusty enter in the world. We launched trusty in 2020. So inside the pandemic situation, we launched trusty because after the IBM experience, we see that not only every actor in the supply chain need information to make a right choice, but also the consumers need those kind of information. So trusty was born to simplify and simplify the share information alongside the supply chain and create customer engagement. We see that several companies work on supply chain and take data from actor in the supply chain, farmers, small older farmers, factory and so on, take those data inside the blockchain. So trusty was born as a middleware to take all the data from the blockchain, present to the consumer and enable the consumer to verify those data. We developed this feature, QR code, in order to share this information to the consumer. We notarized the blockchain traceability event in blockchain. For example, on IBM Food Trust or Hyperledger Best or other blockchain technology, we are working with Hyperledger Fabric also. So we have a blockchain diagnostic approach. So if a company want to use a consortium inside IBM Food Trust can use this kind of consortium. If somebody, a small older farmer, want to use Hyperledger Best, they can use Hyperledger Best. So we have a layer that normalizes the data and for this layer, we use several standards. For example, just one EPG standard that is an international standard for traceability. Then we integrate the EPG system and offer analytics to the food producers. So when consumers scan the QR code, food producers receive analytics, where we scan it and so on. I will complete my presentation with several use cases because it is very important to understand who use this kind of technology because blockchain technology seems technology very hard to implement, very hard to create something that is scalable. With Trust we want to simplify this kind of implementation and we demonstrate this kind of simplification implementing for small food producers, for small older farmers. The first case is a small food producer. It's called Collidel Garda. Collidel Garda is a little profutificio in Italy that makes an important product, an high quality product. And Stefanozini, that is the guy in the photos, wants to demonstrate the quality of the Italian prosciutto. So he wants to demonstrate why this kind of product is an high quality product. So he wants to create customer engagement. Stefanozini and Collidel Garda export this product worldwide. So he needs to demonstrate in particular for people that are not in Italy. He wants to demonstrate the high quality, the place where the pork is eating and so on. So he creates, he enters all the supply chain starting from the farm to the slaughterhouse, the seasoning to the producer. He takes all this data in IBM Food Trust. So on hyper ledger fabric, an hyper ledger fabric blockchain based. And then with Trust we take this data to the consumers. This is a very important, there is a very important consideration to make in this kind of project. We don't create more work for Stefanozini. So we don't give to Stefanozini more work to do in order to produce prosciutto. That is the core objective of the business and then to take the data to the blockchain. We integrate all the supply chain in autonomously way. So the prosciutto feature, the slaughterhouse, the farm and so on doesn't create more document, more interaction with the PC and so on. But what we do in a normal way will stay to the blockchain. So for example, the invoice from the farm to the slaughterhouse is used in order to create the supply chain event that will go to the blockchain in Italy. We have the electronic invoice. So this kind of process is completely automatic. So it's a very interesting, this kind of approach is very interesting. But I think that the most interesting part for Stefanozini was the international visibility. If you go to ibm.com, case study, call it a guard that you will find a little profusion in Italy. So this kind of visibility is enormous. The blockchain project and also the trust application, it's not only a supply chain application. You have also marketing, there is also marketing opportunity. You create those kind of projects. You communicate this kind of project and you have also a marketing opportunity starting from this project. The second one is a premium one. Yes, Tom. You mentioned earlier about using international standards for traceability. And then you had a GS one standards in there and one of the charts. Is that what you mean by international standard for traceability or are you talking about something else? No, when we talk about international standard of trustability, we talk about the GS one and PCS standard. So that is the standard used by Walmart, for example. And it's a very important standard in the point of view of the retailer. Okay, great. Like for example barcode. Thank you. And I guess one other question, if you could go back, the food trust and trustee, how do food trust and trustee kind of work together? Yeah, it's a very important question. Food trust is IDM food trust is a traceability and track and trace platform. So they don't create the communication page to the consumers. So when you create an account on trustee, you need to insert, for example, the photo of product, the photo for every supply, every traceability phase. So when you're on board on trustee, you also insert video, photo, communication stuff, communication description and so on. When you're on board on IDM food trust, you only insert the GT for example of the product and then you use the API to track to insert the traceability event. What we have made, it's a platform that you on board with the photo, photo product, photo of traceability phase and so on, video and so on. And then all the information that you insert in the in trustee communicate with IDM food trust. So if you insert a product with the GT in on IDM food trust and you insert the same product on trustee, you will have the QR code in order to share with the consumers, not only the track and trace information that is spaghetti graph, if you consider at the end, but you will receive scanning the QR code, all the information about the product, for example, the description of the company, video from the company and so on. And I guess in the spirit of all our welcome or openness here. It sounds like you build integrations between trustee and food trust. Are you open to other track and trace platforms, some of which we've had present here on these sessions. Yes, yes, absolutely. We, like I said, we use a blockchain diagnostic approach, because we think that for accomplish the trustee vision that is take those information certified to the consumers, we don't only have IDM food trust for as a track and trace platform, but we need to take and scrap data from several blockchain platform and take to the consumers will be great to probably will be great to share information to a product that some event are on IDM food trust some event are on other blockchain platform and so on. So the one of the most important interesting part with this. Beautiful. Great. Any other questions out there at this point for Alessandro. Okay Alessandro, continue. Thank you. Okay, thank you. Thank you so much. I go forward. Yes, this one. This is a similar case to Colli del Garda. This one is Mancini Pastificio Gricolo that is a premium quality food producers in Italy, several chef quality chef in Italy in France use pasta Mancini as raw material for their dishes. And it is very important the mission of pasta Mancini because they make pasta with the farm near the pastificio so they have an important message of localization of the product. It's made in Italy it's pasta made in Italy from with that are trusted and so on. So there is a very important aspect between Mancini customer and Mancini pastificio that is based on trust. So we made pasta with the width from the field near the pastificio so there is an important aspect of trust. What we have made is automatically integrate farm farming sensors industry for dot zero machine for inside the pastificio GPS localization from the width field to the pastificio in order to not only declare that the pasta and not only tell that the pasta that the width for the pasta is made from the width near the pastificio but to demonstrate that the width are the same of near the pastificio. And we made this one like you Tom say before through the integration of IOT sensors industry for dot zero machine to the blockchain platform. This is a very important aspect. Today it's probably at the state of the art. It's something that it's not a real consider as a plus but it's very important to take inside the blockchain data that are trusted. So if you have something like a sensor a certified sensor or something else that take the data without Intermediate through a server or other aspect you can Be sure that the data inside blockchain are trusted. So this is what we are doing with Mancini Mancini this project to win an European grant that is called the blockchairs blockchairs that is also a consortium of of of blockchain industry in Italy that in Europe that want to promote the use of blockchain technology in as a nice problem and the blockchairs and we integrate this kind of use case with Alastria that you probably know because Alastria is One of the main hyper ledger based development platform they they are in Spanish consortium start Lee and then become a European consortium and this is the base for the European blockchain system infrastructure that Europe are developing to create the European blockchain. So this kind of use cases integrated with Alastria and we hope that in the future we can integrate this kind of use case with Etsy that is a European blockchain system infrastructure. This is the so you can try to scan the QR code if you have a smart one near you because if you can scan the QR code that you will land on the landing page where you can see how trusty works at the end. If to describe the the past I describe the all the characteristics of the pasta and then you can see all the information about the trust ability so the with information about the production the date and so on. And lastly if you have question stop me. Okay I can go on. And lastly an important project that is very destructive in the cocos supply chain this project was financed by agency italiana for the cooperation and development that the finance project in emerging country. This this use case and we start from something that is very known that the cocos supply chain is like an hour glass at the bottom we have a lot of farmers that have no. Rights that live with the small amount of dollars per day and so on at the end of the at the top of the this hour classes that we have consumer we have a lot of consumer at in the middle we have batch of company that are the trader that makes. Something that is not a real state because they play on price of the commodity in order to decide the market to join the market it will be cost is one of the main producer of cocoa. So worldwide it's every cost and Ghana produce over 60% of cocoa worldwide and when you buy like in my example my previous example when you buy chocolate barra you don't know where it come from you doesn't know if. How much the small order farmer was paid you don't know that all the supply chain stuff so what happened is that. You probably will buy a chocolate trust the trade logo trust the data logo and so on but when as you may probably know. Usually trade the biological there is a lot of proud on this kind of emerging country on and about this kind of product so if the consumer doesn't know the history of chocolate barra you cannot appreciate the high quality product you cannot. appreciate the small order farmer works and so on so we are working on two kind of functionality trusty that is the farmer up and the support farmer application I go the objective of this kind of project is reduce the information gap between farmers and consumers in order to provide to. The consumers all the information about the supply chain. And we are doing that creating decentralized identity for farmer so we give to the farmer integrate with SMS. Field application and so on we will we will give to the farmers at the centralized identity why because in this way they declare information that cannot be. Changed they declare information in order to have a personal transaction history in order to receive payment in order to we talked with Andrea to integrate this kind of functionality with access to finance and so on so we develop the centralized digital identity for small order farmer in order to give the information and track and trace the cost fly. Then we use trusty platform to link other actor in the supply chain for example the exporter for example the. Trader for example the cooperative and so on and then the chocolate maker and we give to the consumer the possibility to show the entire history of the chocolate starting from the cooperative. To the small order farmer to the chocolate producer and so on and the possibility to support a cooperative sustainability project for example school. Water water in the in the village and so on and then we give the possibility for the consumer to follow the impact of their. Support functionality so this kind of project is very important for us because we think that. If we want to see the real impact of this kind of technology we need to apply this kind of technology in emerging country because in emerging country they skip an era they have mobile payment but for example they don't use computer they have. Several innovation but for example they don't have they skip a step in the evolution process so if you give and we need and we. We accomplish to apply this kind of technology in emerging country we will see a real disruptive the real destruction of this kind of technology. For this whole and if you have question I am very great to respond you. Good thanks Alessandro folks so much questions would you like to ask of Alessandro I have a couple here I'll I'll ask. One is you talked about decentralized identity that you give to each of the farmers out there what are you using for that functionality. Yes we use what we understand from the blockchairs program so what we create on hyper ledger best so there is the decentralized identity on Ethereum based on a proxy and so on so there is several smart contracts that implements. The decentralized identity framework so we use something that we are creating. Okay so you're creating your own custom custom yeah yeah and starting from your port implementation if I can say it's not something. Real custom it's starting from your port implementation and then there is we take the report implementation in permission and the environment. Yeah okay good. That's the same you said by at sea. By okay it's the same as food FT meaning food trust. Yes right not financial times good okay. Questions out there I guess I got I got one more here. Alessandro what about pushback from farmers a farmer saying yep I want to I want to hop in on this or they say no you know Alessandro sounds like work I don't want to do this you know I don't want to share information etc etc. No for for the farmers it's very difficult today to use this kind of technology because in the. Plant in the cocoa plants there is not internet connection so you have to integrate SMS and you have to talk not directly to the farmer to the delegate of the cooperative so we are working with copyright in order to engage the farmers but. There is an important change of paradigm in this kind of technology because if they declare information uses use this technology they have a personal transaction history that is a very important part of the work. Okay, great thank you and I guess I got one last question here. When you talked about sensors. I can't remember which one it was was the cocoa or the previous one. I think it was the previous one with the pasta. There are the sensors are you doing anything to verify the identity of those sensors or to authenticate the data coming from them or are you kind of doing a normal kind of yeah it's a sensor and should be good so the data is okay. Okay yes it's a very interesting question when I talk about that at the state of the art people don't doesn't watch this kind of functionality and the importance of IOTM blockchain I like this kind of stuff because we integrate the sensors that are commercially and. We use the idea of sensor to generate. A cloud base that I can say private case or the AD and the private case send data to. To the inside the blockchain but what we see in the future is that probably sensor would be integrated the chip in order to use private key that is integrated in the edge device and the scene the transaction directly from the field. Today it's not possible with the commercial sensors so commercial sensors have not the possibility to sign the transaction in the field and then send to the to the cloud. In the in the energy experience in our energy experience what we patented this the possibility to sign the data on the field and then send to the to the blockchain. So you have the check tonight that the data is okay and no sense won't change that after you send it. Good so so the bottom line is we have sensors we're believing the data we realize that there's a little bit of a gap there but we're not going for perfection we're going for you know but let's make it work and then we'll add on this level of perfection with signed so that we can know that there's no fraudulent sensors out there. or spoof and sensors or anything like that. So, yes, it's a it's an it's not a good manufacturing issue that need to examine this kind of problem. Okay, good. Any other questions before all and you you have a question there I see your hand raised. Yeah, thank you. Thanks. Thanks, Tom. Excellent. Great presentation. Thank you. Is this application available for others as well in different countries. Or is it still in the experimental mode. You can register on on trusty that to be and try the solution if they if the platform ask you for a company tax number or something else don't worry insert a fake number and you can join the platform test the platform use it in every way. If you need some integration you can type on on the chat on the platform and ask and someone reach you soon. Right, so it is available across the world. That's what you say. Yes, yes, it's available. And what is that what is the charges for the for the participant. In this moment we have a free version so you can test the platform and use it for your packaged product in in a free way, but in the free way you need to insert the data manually. If you want to scale the solution and use the API we have a subscription monthly free subscription that enable you to use the API the interface in order to automate the data entry part. So you can start for free and then move to the monthly subscription that is to 250 per month something similar and you start to automate the flow. Thank you. Thank you. Sherwood. Yes, so that was that was the description of one business model but within the kind of space that you're playing with kind of supply chain and tracking. What are some of the other business models that you're either testing or kind of looking to in the future what what do you find interesting in as far as business models revenue models for for happy. If I understand the right to the question you asked about revenue business model for this kind of solution. Sorry, I don't understand very well the question. Yeah, I mean I just so what are some of the different business models for for for the application like either now or in the future what what are some of the different revenue models that you foresee. Okay, yes, I think that for this kind of application in the future at the moment as I answer to Andrew there is a monthly subscription there is something very easy to to understand this business model of a classical business model of the software as a service application. But in the future we see that this kind of solution and this kind of platform can use it and we talked to Andrea about this this point can be used to access the finance. For example, there is a lot of projects that provide that to small older farmers finance that is something that they cannot access in a classical circuit banks with bank account and provide finance to small older farmers and then provide something that is linked to interest rate and so on. We are working on this kind of project, and we are working on this kind of experience starting from our experience in Cocoa supply chain in Cocoa supply chain we see that we give a personal transaction history for farmer they don't they share almost anything in in a paper way today. So they give they have an important step in in upgrading digital upgrade and we need to develop something that will be helpful to access. For example to law and or others. Thank you. Thank you so much. Let's go next to Jason, and then Anju and then we had a person so go ahead Jason. Yeah, thank you Tom Alexander great presentation thank you very much for the information. It's very helpful. My question is relates to when you put together your solutions. What was the biggest challenge where did it come from is it from the technology, or is it from applying the blockchain solution to operational process, or maybe it's coming from governance. What was the toughest challenge that you came across. At the moment, I think that the biggest challenges about the company knowledge on this kind of technology. Like I said, and probably high lights also this message, they made this kind of application for a marketing purpose, but they don't understand that they will be naked in front of the market with this kind of application, because if you start to insert information in blockchain and you start to use this kind of blockchain of solution you start the process of transparent communication you start the process where everybody probably technical people can see on your site and and you start to analyze every lot of production and see if there is something that it's not real and so on. So it's something like if you go open source with your production. It's very interesting this aspect, but I think that a very important challenge is that the company at the moment doesn't understand this thing. But it's very interesting because we see the explosion of the corporation of benefit corporation and this kind of technology can be combined with those type of companies. So, I think that the challenge is a know how challenge that is it is very important that the people like us in this room, take this know how to the company and are sure that they understand they understand the impact of this technology to the consumer space to the fan base and so on. Thank you for your answer. I appreciate it. Thank you. Good deal so we're going to go to Andrew, and then Randy, and then we're going to turn it over to Andrea so Andrew, you're up. Thanks Tom. Another question to you, Sandra, are you thinking about to organization at some point and I think this is leading from one of the questions that were asked before as well in the chat, talking about payments. To farmers and especially in the developing world, you see a huge currency fluctuations and transfer of money becomes extremely difficult. So, are you thinking in that line of this is maybe second or third stage of tokenization. We are very interesting to think about this kind of tokenization, we are thinking about tokenization, but there is a lot of agreement, a lot of a lot of problem in this kind of emerging country to take to bypass. For example, the mobile payment to bypass this kind of payment because the country, there is a lot of civil war and a lot of control about the government and so on. So, we are open to think also together if someone is interested about this kind of possibility and try to experiment with our cooperative, the cooperative that provide cocoa that we are working on to try something for example to give a token and try to create a token economy and something similar. We are open to work on this. It's very difficult, I say, but it will be great. Good deal. Thanks. Thanks, Alessandro. We have one question here from Randy Givens. How does Appio help to increase the fair compensation to the farmers? In other words, how will this tool increase payments to the farmer? What we are doing to create this marketplace to sell 100% track and sustainable cocoa and put a markup on this cocoa. With the markup, we want to give the markup to the farmers and improve the quality of life. Also, we create with cooperative and NGO in the world, we want to create a sustainability project that will be shared with the consumers that can donate to the farmers, to the cooperative or to the project in order to support this kind of project. So there is two kinds, a markup on the cocoa that is 100% track for the company and the other aspect is the support project that will be accessed by the QR codes on the chocolate bar. Okay, so it's better pricing as well as there's kind of this donation kind of thing where they could do like a GoFundMe or something like that that they could provide support. Yes, it's not. Good. Okay, let's turn it over here to Andrea. I'd like to have him share a little bit about the trade finance as I said at the beginning here. We're doing this as a joint session with the trade financing, so Andrea, I'll turn it over to you, and then I'll come back and we'll wrap it up. Well, that was a great presentation that comes up just two days after the one what we had, you know, on Tuesday with the liquid ads. Alessandro, congratulations for your achievements, this is a great one. Just a few points from my side, this comes at the right moment. In connection with the project that we had the apalachic trade financing and being carried out, you know, which is called breaking the silence, breaking the silence. And this meeting is fostered under that spirit, I guess. So you mentioned different stages, we come to a solution that is capable of capturing data on some live directly from the field, down to the consumer's plate. And that's so intimately connected with trade and trade finance. You don't have to see the solutions being divided in them at this stage. It's so intimately inclined. We come to an area where we are talking about sustainable trade and sustainable trade finance to constantly being so intimately inclined to think about paying as a final stage as a final patch, the whole solution. So, glad to give my advice that to give my collaboration to developing this new sustainable tools, this new ESQ related tools. So, I'm glad to today also share with John meeting and also Andrew with him, you know, the talks are ongoing for a long time. So, under my perspective, this is an ongoing process within the whole trade picture. And by the way, Tom, this is great to have this joint conversation from my perspective, there is good space. We talked about developing countries with so such tricky regulation and have experienced this all of my career having been involved deeply into African business. So, next step within this fully traceable solution is to bring in a fully inclusive financial picture. We're talking about micro companies. Now the challenge is, we have the technology that is all intimately inclusive. We have to go for the first step, developing business models related to payment related to international transaction. They're really, really inclusive and non especially micro company shall be left apart. This and the pathway being marked by international financial institutions. I'm thinking of the largest ones is so deeply involved into this and we are by the way in chat for them to bring sustainable trade funds to micro small and minimum price to low work that accounts. It's important to mark this up to 95% of the whole number of companies worldwide. So it's this school being so an evolution actually that will lead to a sort of revolution. I don't streaky and it's pretty difficult to go for tokenization, but my feeling is we should definitely have that way. The pleasure to conclude, I mean this is very good meeting with my very few lines, very few insights. And again, thanks Alessandro, keep the ball rolling, let's keep talks between us going on. Also the Sherwood also Tom would delete that cannot be here today. Let's see to go with this. Beautiful. Thanks Andrea. And I think, you know, a couple of the questions we're getting to the money in the finance portion so I think that's indicative of there's interest in the topic out there. From more than just the trade finance group but also supply chain group and the broader broader community out there. So with that, I don't think to tell you the truth, you know it's been so intimately in twine I mean that the six you see. Yeah, we cross the way more cost away I guess in the future. Right. And for those of you who Andrea mentioned Sherwood more Sherwood heads up the climate action special interest group which also has a lot of overlap with what we're talking about supply chain so all of this breaking the silos and working together makes absolute sense and we're totally on board with that. Thanks, Andrew. I thank you for presenting here I liked a lot of what you talked about. One of the things that was especially interesting and I hope people who are listening to recording pickup on is that a lot of the folks that you were working with our small businesses I think one of half million in revenue, something like that euros. I mean because usually you think of blockchain is for the big companies of the world and it is, but it also can be used, and you use successfully by the small companies of the world out there. So, appreciate everyone joining today appreciate you joining on the recording folks. This will be up on YouTube here, shortly I'll have a link in the wiki. And let's see two weeks from now we will not have a session one week from today. We will have a session around blockchain trials and basically a discussion, looking for input in order to bring that together and then share it with a broader community. And then hopefully on the 9th of December we're going to have a speaker from Coca Cola, who will be able to talk a little bit about their inventory management work that they've done with hyper ledger and where they're looking to go in the future. And that's the plan here. Thanks to everybody again thanks again Alessandro thanks Andrea for sponsoring this together. Enjoy the rest of your day whether you only have 30 minutes or whether you have multiple hours. Thanks everybody. Bye. Thank you, thank you everybody thank you Tom.