 Good. Then thanks everybody for joining today. I shortly want to introduce myself. My name is Martin. I'm working for Daimler Trucks since more than 15 years. Currently I'm working in Japan for the subsidiary of the Asian Truck Division, Mitsubishi Fuso Truck. I'm here mainly coming from the finance area and project management. So Akash, please introduce yourself as well. Yep. So thanks everyone for joining and good morning and good evening at your time zones. So myself Akash Modi and I'm majorly a blockchain solution architect, working for again Daimler Trucks and all the global divisions. And I'm mainly a research explorer in machine-to-machine economy and vehicle readiness for such a market and how can we enable these vehicles to participate in the V2X economic ecosystem. And I'm also always interested in exploring new technologies and see how those can be implemented in the current scenarios and what value they can bring. And I have also patented the economic identifier in the V2X economy for the machines which is recently got patented and another patent which I have done is Know Your Machines. So and we are very strong forward thinker. We always think that the trucks one day can become fully autonomous and we can enable that. So that's a brief on my behalf and I'm sure that you will get to know more as soon as we proceed further together on this talk. Thanks Martin. Thanks. Good. Then let's start. I think first let's give you a few words. We are coming from the commercial vehicle industry, so more or less trucks and buses. There is a big changes is coming currently and which will shape the future of the commercial vehicle industry. One thing is for sure the alternative powertrains. So we are heavily working to replace traditional gasoline and diesel engines by electric fuel cell powertrains. Also the autonomous driving is one of the game changer in the future of the vehicles. And the base is the connectivity top. We are on the way to connect every commercial vehicles which is sold to customer. Not only provide them with the trucks, but also with the services of the trucks. Our journey started, I think, three years ago where we discussed about some business cases and prototypes about sometimes involving a blockchain and how the truck can utilize technologies in the future. One of the first learnings which we needed to learn at the beginning is that in the future so that the truck will be able to participate in digital services and be part of it. We need a machine identity and we had a look at different areas and we found this evolution of machines. So we also said every machine has needs like basic humans. And once we looked and shaping our projects, we said we need to look at the base. What are the basic needs for machine needs? Like the physical needs, energy, infrastructure, computing power and connectivity. This is already set in every trucks of Daimler. There is one device who brings the capabilities to connect the truck to the internet and to the world and has communication capabilities and computing power. The next step was that we said we need to bring safety into this so that the truck can defend himself against attacks. Afterwards we started the social belongings and cooperation where the business model came in. We said what is now where task the truck can do in the future with his machine identity and with his ownership that the truck can act on behalf of the owner in the future. Because in the future, as I said before, one of the big topics is autonomous driving. So there is a trend to reduce the drivers or maybe take it out of the vehicles itself. So the truck or the machine needs to take over the tasks. Then the level, the highest level is self actualization and esteem. Like for sure that the machine will have an own reputation and attention and maybe cognitive capabilities and artificial feelings and creativity and can design their own routes or trips. So this is where we thought about. Can you go to the next screen Akash? Yeah, sure. And this is how we imagine the V2X economy. The truck itself is more or less connecting to different areas, to different partners. One is the infrastructure. Infrastructure is like toll station, fueling station, washing, parking, which he needs in the daily business. Also the grid, maybe in the future when we talk about electricity, they can identify themselves and let's say maybe even pay or that will pay directly for the needs. For sure there is important for autonomous to also maybe in the future communicate with other vehicles for safety reasons. And the vehicle to cloud is normally that there is capability to communicate with other back end systems. Like the fleet management system where with the freight management where the tasks and the transportation tasks are managed the cost management, the SAP system, how that the truck can directly let's say send invoices or receive revenues for his services. So Akash maybe you can go to the next slide. Thanks a lot Martin for such a wonderful introduction like where the vehicles are heading and where we are bringing them together into the world of the V2X economy system. So this is what we think that in future vehicles will be self-reliant to manage their own profit and loss center. We do not need any administrative efforts to expand on vehicles to make sure that what vehicle is earning for a company, how much it is spending on its needs like we saw in the evolution of machines and how much it is making profit. So the overall aspect of bringing such a profit and loss center from an OEM perspective, we have to determine the life cycle of a commercial vehicle, be it a bus, be it a long hauling truck, be it a medium duty truck or heavy duty truck. More or less all are doing the similar operations and all of them are having the similar needs. So we did the exploration how this life cycle of a commercial vehicle can be determined and we divided the whole life cycle of the vehicle into three segments majorly. One of them is IAM. Just like a human vehicle also needs an identity which is irreplaceable, irrevocable, non-repudiated and temper-proof and which is coming from the vehicle, not coming from any additional device which is portable to the vehicle and making sure that the vehicle is having an identity. So those are not the things which we are looking to. We want a vehicle to have its own identity which is legally approved, which is having all the valid authenticity to prove its identity in the market to various infrastructure be it V2C, V2I, V2G or vehicle to vehicle. But it should be capable of and more or less the ultimate requirement is that it should be secured, it shouldn't be forged. So this is how we think a vehicle should be identified and definitely we will guide into the details of all these three segments in the upcoming slide. But then the second segment what we think is I live. So as a human live and the human is having basic needs like the food and the energy and maintenance, as you can say, how I maintain myself. Just like that vehicle is also having the similar requirements. They have a requirement of having the fueling, be it energy, be it a hydrogen power cell or be it LNG or CPG or gasoline anything, but they have a requirement where they spend something on themselves which is right now coming out of the cost functions where someone at the company is managing those costs and the bills together. But this should be ideally managed by the vehicle itself in the autonomous industry. And then I work definitely as I work in a company then I earn my living. Likewise, vehicle should be the very minute or I would say the SKU level unit in the industry where it identifies its own profit at the month end. Maybe I'll walk you through the details of each and all of these segments in the upcoming slide. So the very first thing like how we define a vehicle is so currently all the vehicles are globally identified by the win number. But when we look at the capabilities of the win, it is quite aesthetic and it is a single number, which is enough to identify the uniqueness of the vehicle. But when we talk about the digital services, it is not capable to prove its identity or to say, yeah, this is me. So that's where we think that we have to have something like economic identifier, which can be a self sovereign identity of the vehicle or a decentralized identity of the vehicle or a cryptographic identity of the vehicle or maybe identity like win. But what are the characteristics it should bring to the basic characteristic of the economic identifier where we need this vehicle is it should be able to identify its physical location. Its physical asset, what it is and what the type of the vehicle is and where this identity belongs to in particular, like which onboard unit is having the identity of this vehicle or is this replaceable or it's replaceable. So making sure this gives a vehicle its birth proof. And it's so what we think here that all the blockchain related identities, how they are coming up as they have the private key and the public key payer. So can we have something like a HSM in the vehicles where we keep these private keys and make sure that these vehicles are able to prove its identity by providing the digital signatures on the documents which has been provided to them. And make sure that whatever identity is given to them it's it's intact throughout the life cycle of the vehicle. Then the second thing which we need to enable the vehicles as in the IM segment is the vehicle documentation. If we look at the vehicle type, we get a lot of documentation from the leaders like the registration, the license plate number, or as in like we have the owner information, we have the manufacturing information. So all this information together makes sure that vehicle is an legal entity to run on the roads, it pays taxes and it can be traced back to the owner. So all those things we have to bring together. And we need to see what is the bare minimum requirement to make this vehicle as a financial entity in the traditional, let it be the traditional financing or the banking or the DLT based or the CBDC based. So what is the bare minimum need to make sure that the vehicle is a legal entity to make the transactions and to maintain the bills and the invoices. So that's where we introduce something like know your customer so you can say know your vehicle, which is the most requirement. Then the global certification because all the autonomous vehicles are having hundreds of softwares and all the components which are perfectly which are being driven over the air updates and all these things. So this is where we have to follow all the regulations which are being set by the UNICE or UWTA or European Reasons or any global entity where we have to comply. Like whether this vehicle which is running on the road is having a certified software or not, what is the life of that software. And then the fourth section in this IM segment is the acquisition and the dispose. As a vehicle, I should be completely aware that whether I am owned by someone or I am being leased by someone, what is my first life cycle when I am getting sold in the resale market who is owning it again. Do I have the correct owner information? Do I have the correct financial statements available from the bank? So likewise, if we look at the consolidation of these four sections in this IM segment, this brings the basic requirement of a vehicle to make sure that it is almost equal to a living entity. So that's where we move to the I live segment where the vehicle is mainly going for like what I generally need. So what we have seen in the fleet operations like I need to, I need a fuel, I need a parking, I need a tolling, I need to pay for the tools, I need to pay for washing. Likewise, there are multiple services where the vehicle is required to pay for something which they are consuming. So at this point of time, how it works in the current industry that there is someone at the back and back offices managing all these bills together doing the monthly closing and then paying for all the bills which are being provided by the service providers to those companies or something like that. But what happens in the future when a vehicle is on the road and whatever it needs, it should be able to identify itself at the service provider and then it should be able to consume the services which are being provided by the service provider. It should be able to validate all the bills together which has been given to the vehicle against the services consumed and based on this intelligent validation, he can make a decision whether this will is correct or it should be going for the disputed. If the bill comes correct, then it can simply sign on it and which can further go to the banking system and the overall monthly closing can be done based on these vehicle signed. In this way, we can also eradicate some of the frauds which are generally happens at the fuel level, which are generally happens at the automator level in the resale market. So all these signals that we are getting from the telemetry, we can get it signed and have these bills and the invoices getting signed. We can simply eradicate a lot of administrative effort at the back offices of the logistic companies. So this is where we are heading to where we talk about the I live section and services maintenance definitely when there is a sudden breakdown or when there is a monthly service or happy early service. So whether a vehicle can maintain its service history, what are all components has gone down? What was the service period? What was the warranty period? Whether it was under the warranty period? Did I pay for something which was under the warranty period? So all these intelligence we want to bring under the service and maintenance section. And we also want a vehicle to track its life cycle from one owner to another owner, one location to another location, one registration to another registration. So that this life cycle, this vehicle can be tracked right from the inception, right? When it's coming out from the assembly line of the manufacturing unit till it gets disposed or the scrapped out or scrapped out in the scrapping industry. So this is where we want to track and find out how much a vehicle has made throughout its life cycle. And definitely the financial operations like if the vehicle is leased then is it paying the lease values on time? Whether the all the financial EMI's are being paid on time or not? Do I have any financial transaction spending from the bank side, which is not paid? So these are typical financial operations as in the live entity a vehicle should pursue. Then we move forward to I work because that's the income section where the vehicle is going to earn until what we have seen the vehicle has proven its identity. Then we have seen where the vehicle is providing, where the vehicle is consuming the money. Now we are going to see where the vehicle is going to get this money from. So definitely the freight operations and the fleet management are the most important activities here. So in the freight operations like vehicle should be able to determine the smart route. Like if a vehicle is running from point A to point B, what is the shortest route possible and where I'm going to consume the lesser fuel, which is vehicle should also be able to consider all the weather conditions and all these things together. And the job assignments vehicle is a vehicle should not be standing too much time at the warehouses just in their standing queues. So because our machines work diameter builds it's capable to run 24 per seven. It's so heavy and so heavy duty that they do not have any problem even if they run for 24 per seven. So we should not be wasting time on standing or during this all the blockages on the roads. So vehicle should be able to make those decisions. Also like if there is as we have seen that we are also trying for the vehicle platooning. So which platoon is most useful for me. So as a vehicle I should be able to take that decision right. And in the fleet management basically here we want to cut down the driver wages which generally a company spend on a driver on monthly basis and then on the assurance of the driver. And as we have seen that there is a shortage of the drivers especially in Japan. And I think the similar conditions are there in Europe also where we have seen the skilled drivers are very less available. And when the skilled drivers are available they are highly waged. So how can we work out those conditions as well. And the overall cost management like vehicle should be able to interact with the ERP systems or the cost functions of a company. So that it can produce all the bills together and all the invoices which it has earned and all the credit notes together and for the consolidation. The cost management can take it together and produce the final profit and losses statement. Now this completes the life cycle of a vehicle. Now I would like to show you how a self governed commercial vehicle looks like when it is there on the road. So here we can see from the bottom there is a service provider who provides certain services to the vehicle. Since vehicle is equipped with the machine identity, vehicle does the handshaking with the service provider infrastructure. Vehicle makes sure that it is a known or it is a valid service provider. And then once the identity confirmation is done then the vehicle is open for taking the services from that service provider. We can also build the reputation of that identity mechanism on top of any platform which we want to utilize so that the vehicle can be rated on terms of these services. And then the once the service consumption is done from the vehicle side, from the infrastructure side and then infrastructure produces the invoice and the bill to the vehicle. Vehicle validates the invoice and the bill and provides the digital signature by having its own private key which is a part of the integrated hardware. And once this invoice is signed then this signed invoice can be passed on to the cost management and the ERP function. So then the signed invoice can also be passed on to the service provider which can produce at the monthly month ending all these signed invoices to the career company and they can do the payment netting. Once the payment netting is available then it can be adjusted against the machine account which is where we say that what we have seen in the IM part. Now the vehicle is a legal entity and it's capable to do its no lower vehicle processes along with the as per the banking regulations or the financial mandates. So once the vehicle is having its own account so all those netted bills can be adjusted against the machine account. At the same time cost and ERP functions can produce the monthly closing things to the against the bank account and what we are seeing right now this is the trusted infrastructure. So it can be any middle layer which is being regulated by the banking system or the decentralized finance system or the Romanomics part where it adjusted the machine account against the available balances and then provides the fees to the service provider. So this is how generally in the logistic industry we pay at the end of the month not in the real time but yeah. So when we talk about all these things the most important aspect here since we are dealing with the time we are dealing with the money we are dealing with the vehicle which is most important for us and we are bringing life to it. Since it is a machine then we need to make sure that we follow the security standards and what we as we have coined. So what we have seen in the V2X economy which is completely driven by the global standards of the cybersecurity and our solution is well fortified by the security controls. So we are taking the security life cycle basically these steps of framework right from the starting the first line of the code and making sure that we follow all the guidelines and avoid all the open tech surfaces for the product development itself. We are also relying on the public infrastructure not necessarily it has to be centralized but we are also checking out some of the platforms which are providing these public key infrastructure in the decentralized way where we can form a consortium or we can go open. So that's where we bring the digital certificates and the signature capabilities to the vehicle as per the trusted infrastructure and then this hardware secure module definitely it's required for the key storage. So these are the basic things we have to make sure that it is a part of the end section of the vehicle and there are some standards which we have baseline to bring such solutions to the market like we are following the PIFS 186-4 and NISTP 256 NCX9 or X5-09. So all these are standards which are highly important to us which we have baseline our solutions to make sure that the systems are interoperable and secure enough for doing the handshaking with a known or unknown infrastructure once the M2M economy is on the full swing. So that's the overall perspective that we want to bring now maybe we can talk about some initial applications which we have done on this machine identity platform. So Martin would you like to take it forward? Yeah, thanks Akash for your explanation. I think what we are also talking is about to bringing the truck coming from the object who is used to being the subject in the future to act on behalf of somebody. For sure in the center there is the ID and several applications to manage the costs and also include the revenues. Just as you know there is the toll a car or a truck can connect to a toll station and do the payment. We have payment capabilities. We have already prototypes where e-money is the truck can hold it. On the other side there is also services which are not related necessarily to payments but it's about exchanging data and enabling other new business models. Business models or other models means for example insurance that insurances is interested in the data of the truck and offer other contracts in the future based on telematic data from the trucks. Same like fuel cards, tokenized plastic cards is the future. Paper use cases by leasing these all is open a world of new services where the truck can organize and orchestrate with the service provider. So this was I think my points. So I hope you got a glimpse in where the commercial vehicle will head in the future and that connectivity is one of the keys to develop the business of commercial vehicles in the future besides selling only the hardware. I would also like to mention that like last year we did a very successful POC on this machine identity with the charging station where we use these quarter framework from the DLT side. In this POC we had our e-money running in terms of tokens where we enabled basically two entities who vehicle as one of the entity and then the charging station as another entity. We did with the single one but I'm sure that the scaling can also be done. So what we did here we enabled trucks with the machine identity which are completely compatible with the quarter framework. And then we did a charging in the lab conditions of a vehicle along with the energy charge station framework. And then the vehicle identified how much charge it has taken how much value against the charge it has to transfer and out of this digital store of value vehicle has transferred some value to the charging station account. So this how they have done the payment netting but then we realized and being a vehicle to become a node in the DLT industry at this point of time it's a difficult task. So industry is needing the thin clients which is where the truck can be a node itself and a machine can become an entity in the network itself. So likewise a several N number of POCs and activities are possible when we think from the perspective of the identity, the tokenization and the DLT frameworks and the decentralized frameworks. And I'm sure that they will come up in the future also where we are also working together with a lot of partners to bring services to our customers. So yeah so that's my explanation from the application part and I hope that we were able to cover and live up to your expectations from this talk. And I'm sure that you will have a lot of questions so we are here throughout the day over the check section you can reach out to us in case if you miss out. Then we are also available on the LinkedIn where you can find us and you can reach out to us for any open questions we are very happy to answer. We are also very happy to understand your suggestions like how shall be what do you think about the solution what else would you like to see in such solutions and what is your perspective with this regard. So we are very open for such an intelligent community I would say and thanks very much for having us here and listening and giving us your precious 50 minutes. Thanks a lot also from my side. Thanks Akash. Thank you. Have a great day. Thanks Martin.