 Hey folks Awesome to be here really cool to be in on the same stage as biology So we have a parallel financial system with Solana. It's kind of a pun Solana it has a parallel virtual machine that I think we're famous for and our goal is to make finance open and better and We like to we have this kind of silly tagline only possible on Solana It's possible in a lot of places, but what I want to kind of hone in on is that? What we really kind of got to work really well is we can show that Execution like the thing that that's really really hard to prove is actually better on an open decentralized system And it's going to be mechanically better like by every measurable objective of measurable thing Performance latency cost it's going to be better running on a decentralized system And if that's true, it's inevitable that it's going to win There's just never going to be a time in the future Where we believe that centralized kind of financial systems are going to win so What are we going to talking about and I think when you look at like the Wells Fargo page There is a bajillion different kind of features that they're offering and they're all integrated into the bank They're offered by this central giant central company. That's too big to fail and without really much help from Myself or anyone working on the Solana protocol there's like 50 different companies that are basically built every one of these features and All of these companies are all in the same blockchain right right running in the same state machine and When you interact with them You can actually interact with all of them in one transaction at a fraction of a cent literally one hundredth of a penny You can talk to all of them at the same time in one atomic state transition and like execute and you won't even know and That's really really cool. It's because They're all sharing the same network state But like literally You don't have to laugh terrible terrible joke but like when you compare this to you like a company like Robin Hood you have 20 like you have nine different companies that have to touch your trade each one of them takes a few bits off that trade it takes multiple days for the actual Financial information to go from when you click the button to like being reconciled at a settlement facility that finally actually says that yeah Ownership of something changed on Solana. You got like a $20 order can go through. What is that like? Eight different markets run by different protocols run by different companies. There's no fees between any of them Right, you have one giant Transaction that's completely composed and executed immediately and This actually scales The way you think of it is not that it scales to a larger number right because if we go to like a million dollars It's obvious that you can go and talk to nine companies to settle a million dollars But this scales the other way you can actually shrink this order down to like 20 cents and they'll still go through four different companies Like and that's crazy to think about like a micropayment that touches four different OTC Dusks like that would be insane right and the normal finance But that's totally doable in one giant highly optimized state machine So this company code they literally built a product for developers to build micropayments When you like charge a credit card right like the minimum fee if you ever go to a store that's like worried about credit card fees They'll see you got to buy at least five dollars worth of goods Or you got to pay at least 25 cents extra for a credit card Well, like these folks can do micropayment Totally settled between the user without any intermediaries for like sub 25 cent payments literally sub 1 cent payments and it's instant like as soon as you click it it happens and In a lot of ways the stuff is going to be kind of transparent to a lot of users It's not like Shopify or all these great Applications that like merchants have gotten to use are just gonna somehow disappear or be outcompeted It's very likely that these folks that build great products are just gonna start adopting these under the hood And when you think from Shopify perspective, it's a company. That's a technology company They don't really care who finance works under the hood They just wanted to work and they want to deliver great products to their users So like all this stuff is kind of happening already and is being in like the competition with regular finance By decentralized companies is happening and in my point of view, we're winning And we can actually tackle all possible venues where finance exists from Like credit for credit dust they're doing trading or like actual credit for consumers This one's like a probably the hardest and kind of last-bassion because figuring out identity and credit risk and credit Worryiness on chain is still pretty hard and like execution and speed is probably the the easiest problem to solve There are at least the the lowest margin problem But when all this stuff comes together you get like really Unexpected things happen. This is probably one of my favorite examples I spend most of my career a qualcomm working on mobile phones dealing with giant carriers like Verizon and This is a startup. They're using crypto economics to deploy 5g cells that are token incentivized So it's we call it deep and decentralized physically incentivized networks and They are able to offer consumers a $5 data plan So you have a five you have a cell phone you sign up for helium looks and works just like a normal mobile carrier And you're paying five bucks for data But under the hood it is Running on Solana. It's using NFTs to track all the hotspots. It's issuing helium tokens to every little hotspot around the city they can track where there's more users in one block and Offer more to more tokens there and within a day somebody will go pop a hotspot there without having to go Talk to the city get licensing to put up a tower and like do all the stuff that Verizon would need to do and These are all giant, you know, like a Giant list of every possible thing you can have in finance and in ways that are almost non-expected like like Deploying physical networks for for cell towers for for cellular networks. All of these things are financial And they're being built in the ecosystem by a bunch of developers that are you know working independently But they're all composed together over the same common protocol So that's the message parallel finance is being built and it's gonna win. Thank you guys