 So the meeting is being recorded right now. And according to the agenda, Karen has the floor. She's the Appalachir point of contact for this thing and she will lead us through some of the community resources available for this thing and some of the procedures and processes that they have already outlined for a SIG So take it away Karen Thank you, Vivian. Hi everyone. I hope you're having a good morning afternoon or evening wherever you are Um, thank you so much for joining our very first capital market SIG call This will be the first of many And so what I'm gonna share with you and I'll get to sharing my screen here is is just a little bit of an overview of special interest groups in general and some of our community tools to be able to use As part of the activities of the SIG So at the beginning of every You didn't already do it, right, Vivian? Okay, so the beginning of every meeting Of any public meeting at Hyperledger we have to show you the antitrust policy notice as you know, we're an open-source community and Have to follow all antitrust laws. So we always show this at the beginning of every meeting for a few seconds It's also available on our website if you want to take a look at it as well So what special interest groups do at Hyperledger is they gather a community that's working in a specific sector or specific domain To co-create to share information share what projects you're working on Also Create best practices Do some research. There's it's really unlimited what a special interest group can do because It's really based on the group's interests Some of those groups have our writing white papers Some of them are creating databases of use cases Some of them are proposing Something a common framework that's relevant for the entire industry that's something like the telecom special interest group That I'll show you later is working on Because there's a lot that the whole industry can benefit from and so they're working on developing a common framework for that We also have technical working groups, and I'll cover that later in the slides as well You've all seen the communications from bit Bippin. Bippin is our Current leader of the group. He's the interim chair every six starts with an interim chair for about three months And then an election is held for a year-long position as chair something anybody can propose themselves for But for the time being they've been someone who helped spur the creation of this group gather a lot of the interested parties And wrote up some of the initial scope and mission as well Which we invite you all to start contributing to and defining what the scope and mission of this group will be I'm your hyperledger point of contact for this special interest group So you can reach out to me or Bippin at any point in time when you have questions about the group or You know how to use our tools for example, etc and so what we're really looking to do here is to to to build a community that Contributes to your your efforts in blockchain to what you guys are doing in your respective companies and projects So some of those tools that we have available some of you have already become familiar with a lot of you have joined the mailing list I see all the The joins coming through So each group a hyperledger whether it's a SIG a working group or the project frameworks and tools Has a mailing list and you can join not only ours But some of the many others at at groups.io If you ever want to email the group you just use this email here on the slide And you'll send a message out to everybody that's on the mailing list We also have a wiki page Which you should start to familiarize yourself with I'll actually click on the link here and take you to it So you can take a look It's It's still to be populated so You know once The group starts to discuss a bit more about the mission and scope and activities We'll add information here that will form the charter of the group Once we get our regular meetings well That's one of the topics on the agenda today to discuss. What's the regular meeting time? That'll get added to All our meeting agendas are found on the wiki page as well So you can always see what's on the agenda what's coming up and it also add to it and All our meetings are all recorded At hyper ledger as well. So if you ever miss a meeting Or can't attend you can always catch the notes and the recordings as well They've been has created a poll here to determine some of the meeting time So this is that link that I sent around to the mailing list Earlier or let last night and this is where you can find it on the main page So we also have a chat And so this is sort of a different mode of communication So a lot of times mailing list is maybe for longer discussions or proposing topics or proposing ideas Meeting agendas etc and the chat is really for more Back and forth conversations and communications If you've used slack before it's basically an open source version of slack so We can see here. There's one for all the different groups at hyper ledger This is the capital markets one. We've already had a few posts happen here. And again There's one for everything at hyper ledger so you can not only join ours, but join others too if you like And then we also have a folder for any documents they could they can be put on the SIG or In this in our community of Google Drive folder Now one thing that's really important to engage with our tools at hyper ledger is to create a Linux foundation ID So for you to be able to and some people had an issue with this for you to be able to log into the chat or Or edit The wiki So when I mean edit, this is what you can just view if you're not logged in But I can actually go in here and edit the page Kind of like a Google doc. You can do simultaneous edits with multiple people working at it and I can You know sit here and type some stuff on and add to the introduction adds other things So it's a really important thing to get the Linux foundation ID so that you can be able to use our tools It's very simple to get once you're finished editing by the way you just click update And I'll show you real quick how to get the Linux foundation ID You also are going to get all these slides as well So you can take a look at it later But if you want to do this while we're talking right now about it, I highly recommend it because it takes Few minutes So all you have to do is go to identity dot Linux foundation org You have to ignore all of this do not do any login with Facebook or Google or any of this Just say I need to create a Linux foundation ID Come up with a username Your email address password first name last name Confirm you're not a robot and then create a new account You'll get an email you verify that email and then you can log in to the wiki and you can log into the chat And there'll be a login button here on the top right button. I'm logged Yes, yes, yes, I see that I went on mute because it was the recording was temporarily paused for some reason anyway, so What I'm Can you hear me? Yes, I can hear you. All right, so I'm asking for volunteers for a couple of things one is Anyone who wants to help scribe the meeting or record the meeting and post the recordings on the web page That would be a very helpful The other aspect is that we need a white twice chair To take over the duties of the chair and the chair is not available the chair, you know, the word chair is basically just a another term for a chief bottle washer basically Because Most of the work is in coordinating people and helping people But I would also like to contribute my own Stuff into the into the mix because I do have 20 plus or even 30 plus I'm ashamed to say Years of experience with different Aspects of capital markets the last 15 years was spent in mortgage-backed securities create creation of a creation of front to back and Risk and P&L systems, so we had to basically delve into every aspect of Mortgage-back trading and settlement and risk management This is not just simple flow products, but also complex Derivatives derivatives on mortgages Then we branched into Securitization and also credit-based products which are similar to mortgage-based product, but are differently modeled so that that aspect of Things was what what was most interesting to me and I noticed some gentlemen saying that they're working on ML integration with With blockchain, which is would be a very interesting aspect to study So So basically I need you know someone to volunteer for a vice chair And the duties are going to be pretty light But it is to stand in for the chair and also to help the chair the others other needs are minuting and and also helping with recordings and of course everyone is expected to contribute to the Wiki page and the community Otherwise, there's no point in us all coming together here and there are many others interested parties who are Not on the call either because There is a conflict for them or They are based in areas where this call would be at an odd time, but 9 a.m Is it eastern standard time is a good time for most of the world except for the west coast which is Which is where it's too early like 6 a.m. and for places like Japan which are probably You know past the midnight hour But the whole of China is You know is accessible at this hour. So when you make when we make the polls and Pick the times we have to be Very careful about trying to pick a time that is convenient for a global call, but obviously We can also collaborate on the wiki page so one of the you know, so a few just to recap one we need somebody on the to Volunteer for Vice Chair someone to scribe and take minutes and recordings Three we need people to contribute to the wiki page and to provide ideas but I'm going to throw open the floor to topics that we should be addressing for the sake because we are at a unique juncture between business and Technology specialists there seem to be a little bit of preponderance of technology Types on the call, but at the same time Without business there's no technology and without technology. There is no business Collaboration like dance that is the key. So I want to throw open the floor and ask for ideas on what The SIG should be working on in terms of the vice chair stuff. You can always Volunteer on email or rocket chat and then we can talk about that So It does anyone want to go and talk about what they think That we should be working on in the short term and in the longer term So one of the things that I I thought should be done is develop some kind of a taxonomy of capital markets from issuance To The end of you know custody and so on so please Please talk about what is important for what would be important for you in this In this same, thank you Anyone can raise their hand or even start talking Let me go please There are a lot of people who know a lot a lot more about this than me. I think in this working group and so my my my request is to see if it makes sense for us to latch on to your idea of taxonomy We've been to see if we can at least make a start about giving some kind of a some kind of an overarching introduction maybe or Something that we can write out and say this is the scope These are all the things that we'll address These are the definitions and that type of stuff, you know And people who know a lot about this sector Can contribute to that and you know once we we're all on the same page It'll help me and I'm not sure if I'm the only one here, but you know that that's that's my request and suggestion anyone else This is mani from swap sub Just wanted to follow up on it Since blockchains, you know spans over Products or industries it's important to you know be very careful about the standards you follow You know having been seen so many different implementations of DLT's and blockchains The most important thing here is is is as a SIG we can identify and you know formulate a data standard Probably that much more easier for you know future interaction between products and solutions Everyone implementing their own smart contract and other their own data formats are going to come into Pretty quickly into loggerheads and so how you're going to solve In the ledger communication or even simply Exchanging information so this because very critical and I know we have been part of the as a common domain model for the capital markets group Really saw a lot of these issues, but we do want to hear if there are other competing standards other interests as well so that please the Four implementing solutions knows that on our case follows the standard because you do not want to be You know eventually in a position where your data format does not Match with our work with other solutions in the marketplace And it's also it's common format that many dealers or many market persons have to adapt to Any solution that follows standards have a better chance of success than in any kind of proprietary data formats so in other words, we will create some kind of a Place where we can gather the different standards that exist today like CDM which you're talking about And which I was proud to be a part of the data pack where you were there and The CDM is an excellent standard What you know, there are other standards like for example for For DAH working in Australia the they are talking about ISO 2022 How do these fit together? What are the differences? What are what are the gaps in one that is handled by another That would be one thing the other would be to take some kind of national standard like for example the India stack or any other Regulate and how that would map on standards meaning that's really and Talk about which standard to follow It's so so so there it would be like a standard Track and there would be some kind of interaction that enters so money. I think We can put In the project proposals the first one I would put is the taxonomy Then the other one I would put there is the standard stock Anything else any other person wants to talk about it welcome right here Hey Stan, can you hear me? Yes, then great. So I completely agree on the taxonomy. I think that is that perfect place to start So we're everybody technologists and non technologists are speaking the same language and So when I comment on the data and in just about every single proof of concept we've done the very first problem We ran into is common data format Especially when talking between different organizations and frequently even though fix is typically the standard Most companies take liberties with it. So we still have to come up with a common data We're also looking at CDM It's helping to solve this and so as far as the other things to look I think the use cases is Always great topic and if we can pick the Because there's a lot of exploration happening of different use cases in the capital markets and some Use cases better fit some are not so good. And I think it would be helpful to everyone really to come up with a set of good use cases where does the DLT truly fit where can it Like not just bring the kind of incremental changes, but actually revolutionize How the flow works or the industry works or even create new business models or products because all of the many of the great product or even the products that create a lot of havoc have been created through technology, you know emerging technology that the whole Yeah, I think so that use case is great, but you said you used the word there good That is that is the key, right? I mean good Yeah based on some kind of an objective evaluation and one to It's on, you know the potential for disruption right Go ahead. So obviously your right. I mean good is a bad description No, it's not it's not it's as good a description as any They and you're absolutely right. I mean what it what does it mean? It's a good use case so in my mind a good use case is the one that naturally fits the technology right there's been many many attempts to fit this Square peg into the round hole with a blockchain as the buzzword but We know that there are many use cases where DOT technology fits perfectly and is The right solution for the problems so should we use a You know one of those flowcharts that everybody looks at for determining the appropriateness of or should we look at a collection of use case because there are plenty of use cases Right is going to be how to map them into let's say let's say that we can map them into the taxonomy Oh, this fits in with the issuance aspect This fits in with a secure titan this fits in with the risk analysis. This fits in with the hedging and Evaluation method this big with custody and settlement issues. So following a front-to-back road Our corporate actions whatever else comes in the post trade So That's why I need people like Kelly to There's something which I know obviously she has got her hand raised which means that she's going to say Something to us about this One of the things that I was thinking about I like the idea of taxonomy But I think because of the knowledge of this group. I it would it might be an idea to identify maybe three real obstacles that Are faced by anyone trying to work in this space Because if we have a combination of academics and we have a combination of coders, etc in this group then it's one thing to say what it is and it might be something interesting to be able to go deep on what Really are the pain points because then people from different perspectives could say either hey This is resolved here or take a look at that use case or no This is a significant issue and so academics on the call etc people from around the world can Focus some time on that issue informing putting some ideas out etc When you say that are you meaning the things like, you know, everybody talks about scalability articles, you know It could be something Technological, but it could also be something related to compliance. It could be related to Corruption it could be related to Whatever people who are we have some CEOs and startups and founders on the call they There probably is a commonality of a couple of issues that are near stumbling blocks for them to succeed and That commonality. I don't want to kind of guess or predetermine what it is But it might be from a business point of view It might be from a technology point of view But there are serious issues that a group like this is trying to address So I like saying what is but I also like the idea of coming together to try to work through This the significant a couple of significant issues whether from the business context or from from the technology Context to see hey together we can find Ways or I don't want to say a solution, but a methodology to address What could really be curbing the scalability or curbing the Acceptability etc of what we're trying to do within this realm. What drew people to this particular group? Yeah, so there are you know, as you know general problems affecting most DLT solutions Then what would be? Very specific to the capital markets aspect of Of you know, what are what are the spin on the on the actual problems in the capital market side of things? May I put you as as the lead on that particular thing and Stan as one for the use cases money is money is the one for the regulation. I mean how standard sorry And so on so, you know, obviously you don't have to take up that role, but at least So that's fine. You can lead the charge on that aspect of things I know for example if we're looking at use cases and developing use cases Then as we're reading those I find that there's often one point in that use case that is a make-or-break Or maybe two points and it's like well, this is perfect except This is a huge obstacle for us and and so I think it's good to develop the overall use case, but I'm finding that the point of Basically crossing your fingers and and leaping and hoping to come up with a solution kind of resonates It's it's not across a use case. It's often a point an obstacle in a use case And I think that this particular group with all of this experience that I'm hearing maybe we could not only address What is but address what? Where the the bottleneck or you know, I I don't know if it would be a bottleneck or it's an impossibility But it's certainly an obstacle Yeah Sounds great. So let's move on down the list if somebody else wants to say anything because we have Four minutes and we have to end the meeting at that time so please Suggest anything else and of course we are open 24-7 on the wiki so, you know, you can always Suggest stuff there and I'm going to in the minutes of the meeting I'm going to send The Link to the proposals page and also to the members page so that you can each fill out your own You know your own bio short bio with the Areas of interest and what? Impelled you to take part in this group. So that's that's one thing so please You know if any anyone else has any anything more to add to this You know we can do it in the next minute or so otherwise we'll Close the call soon and it's going to be in the next Two weeks later that we are going to have the same calls in time until we get to a poll that says a different time and Possibly we are going to have a different Different zoom channel that doesn't clash with the The channel on both sides maybe community dot backup, but we will do that. Thank you The link to the poll is in the zoom chat as well, and I also sent that by email So as soon as we have a quorum on that will set up the regular meeting time and calendar and buying everything The poll is meant to close all the seven, but I think I'm depending on the voting patterns. I may change it To be later. So Jonathan, do you have anything more to add to this? I? See that you're on view to do so or am I reading it wrong? No, I'll go to my front, you know enjoy meeting everyone today, and I look forward to seeing how everything progresses And thank you for organizing I see that make this happen during the call maybe for the next meeting probably but Nick is also an interest Working on performance still So in the next meeting we'll talk about the cross cutting concern. All right. Thank you Thanks Thank you, thanks. Thank you