 I started different initiatives and standardization projects and specifications. Two years ago I started the user data manifesto initiative. The idea of that was that we wanted to define some basic rights that users should have regarding their data in the cloud and internet age. As you all know, we have in democratic countries very good protection of our homes. For example, it's very clear that someone breaks into our home that it's actually a crime and that's really good. Clearly defined what the police can do, but actually at a digital age it will be more difficult. We can access which data, we can decide who has access to that data in the cloud. It's a bit more interesting. So this was an initiative that I co-founded with support, which is of the foundation Europe, NetsPolitik or KDE, a bunch of organizations. I'm probably most known nowadays by founding the HomeCloud project. I founded this six years ago. The idea behind HomeCloud is that it basically can something similar or the same as Dropbox or Google Drive or OneDrive, but it's completely free software open source and you can run it around inside your organization or even at home or in your university or your company. Build our service for your users, which can do the same than its proprietary centralized and cloud services, but open source and decentralized. This developed nowadays into one of the biggest open source projects. It seems we have over 850 contributors that write code for this project. So it's a big group nowadays, which is great. I also founded four years ago a company around HomeCloud. So we are a Boston based company who offer HomeCloud for bigger enterprises. We have about 65 employees at the moment and customers are certain Switzerland or our day. It's like the biggest German radio and TV network or Deutsche Bahn is a German radio system and a bunch of banks that I can't say the names unfortunately, but it seems that a lot of organizations nowadays really want to protect their data. So this is what we do. So what is cloud? I've already mentioned it's a bit hard to define, no matter how easy because there are so many different things. So cloud, I mean, you probably already know what this is. It's basically that you give your hardware or your infrastructure or your platform or application or your data to someone else to run it for you with some kind of IT outsourcing in a way. There are different ways to do this. I'm sure we can talk about this later, but it's basically trusting someone else to run your IT in certain ways, which is great. That can help you with running your applications, managing the data, storing your files, doing all the heavy lifting. That's great. Unfortunately, we all know that the dominating platforms and solutions there are only a few of them. There's Amazon, obviously, as the market leader and there's Google platform and there's Azure from Microsoft or I mentioned the deal with the Deutsche Telecom. So there are only a few vendors, basically the big ones. There are a few open source alternatives, I'm sure we talk about this here, but the market leaders actually, they're very few proprietary vendors and they're all very centralized. There's a bunch of companies who do this. They're all in North America and it seems that those organizations they run the IT of most of the world very soon in some ways, which is interesting in different ways. Some kind of login effect, the question what happens with the IT sector in Europe, lots of interesting questions. So the dependency, obviously, is a big factor. So if those cloud companies, those cloud platforms, centralized cloud infrastructure things, basically are the foundation of everything, me and with me, I mean the consumers as the governments, as the enterprises do with IT in the future, which is all run on these platforms and obviously they have a very strong dependency on those organizations, companies that can be a challenge, which is a good thing, a good future. Then we also then use what's safe harbor, it seems that some people nowadays think that those organizations in North America don't respect the data privacy laws. Good enough, we have in Germany or in Europe, there's a lot of areas in the world. And beside the US, data protection is very important. Then the growing question about around espionage, more and more questions, some documented cases, like Boeing, Airbus, it's an interesting topic, I think. And last but not least, of course, the question what happens with the IT sector in Europe, if basically the operating system of the future, like the cloud platforms, if this is all running somewhere else. So I think that what we need is, we basically have to turn this cloud thing around in a way that it becomes decentralized and federated and distributed. Because I personally find it a bit strange in the French future when I imagine that basically most of the files that most of the people in the world are stored on the surface of like three or four companies, that's really strange. So in different ways. So I think the future, we have to turn this around and basically have more like a mesh network of different providers, different organizations who can run cloud infrastructure parts of the clouds and they should be able to talk to each other about protocols and open standards, as mentioned. And obviously you have to collaborate on that to make this possible. The challenge with open standards is, of course, probably, I think we're all alone enough in the business, we know the challenges. The Gartner hype cycle, it's a very interesting theory, basically it says that cloud computing is so early in the cycle that all the big players have no interest in open standards. I mean, we do, you know, but the big players don't. And they're still in land grab mode. They all want to make their data silos bigger. So I don't know if you saw this about ten days ago, there was a discussion on ITF, one of the big sanitization parties of the internet. There was a proposal to create a standard for file synchronization that you can basically, with different, different designs synchronize the files with different back ends. This was killed by Dropbox and some other cloud vendors from the US, because they obviously had no interest in interoperability, right? I mean, they want to log in their users instead of doing the opposite. So it seems that it's really hard to create standards in this area. So that's the challenge. Obviously another thing that we want to have is open source. I mean, obviously with open source we can work around login effects and it's a good way to be able to drive open standards forward. So I think to summarize it, it's I think the movement, the cloud movement at the moment is in a way a threat and an opportunity at the same time. Threat is basically, you know, careful enough that we are heading into a very centralized IT future. But on the other hand, it's also the opportunity that if you are able to establish open standards, the right open source, open platforms, like here on the table and all these other companies who work in this area, the open source platforms that speak the same language, the same specifications, the same APIs that are interchangeable and data can be migrated, as mentioned. Then we can actually have a future where we can still be able to drive the IT sector in Europe forward with a federated infrastructure and also protect our interest.