 What I propose to you now, we will go through three examples through three different type of technologies, be it augmented and virtual reality to start with. And we will look at the impact of Internet of Things in two different contexts. And then Hermann will give us the view of the regulator. So I call now Marc-Coyen Mat that will present his views on what he's doing, by the way, as an entrepreneur in augmented and virtual reality, and what he thinks the impact will be. Marc-Coyen is yours. Hi all. I'm Marc-Coyen Mat. I'm founder of a company called VR-AL and the company basically does two things. One we built VR and AR applications for companies and we helped implement them into the organization. And two, we have built an urban planning tool which allows us to generate 3D maps from geographical data and translate them into virtual reality. So we can show people their future environment, we can show what happens if a windmill is placed into their environment, we can show what happens to the traffic. And from what I experience in my personal life, I see that technology has a lot of impact on your personal life, especially if you see business models like Airbnb, you see business models like Uber, we see the usage of smartphones that have grown the last past 10 years and now we can't even live without a smartphone anymore. But if I see the experience from my professional life, I notice that working with governments in urban planning and working with municipalities, we are always busy with the current status of technology. So we are always looking at, okay, how should we regulate or handle the current fields of technology or how should we regulate or handle the current playing fields. And the moment we try to talk to them or open up and connect with them on a level to see, hey, what, where are we in 5 or 10 years? There's always quite a big gap between the technology world on the one hand and the governance world on the other hand. And to give you, I just want to give you a small example of that. Who of you expects to have a smartphone in 15 years? So if you have a, who of you expects to have a smartphone in 15 years, please raise your hand. Okay, I see half of the room. So the other half, what have you ever thought about what is going to replace your smartphone? So from what we know it is that this discussion, okay, how is this replacement of smartphone going to look like and how is this going to impact me? I want to give you a small example. So I work in the augmented reality industry and augmented reality has the possibility to replace all the digital screens we have now. So currently we have built up a digital system with screens everywhere. You have an iPad at home, you have a computer at home, we have two televisions, we have a projection board. But in the future with augmented reality, we have the possibility to place this digital information and show it just via a glass. So we don't need all this physical hardware because the awkward thing is that all this physical hardware is just when it's not displaying any digital information, it's just standing there, it's just using resources. It's actually a fatal flaw in our digital system. So basically what augmented allows us to do is that we put on the glass and instead of seeing our phone or taking our phone or just looking at a screen, we could literally just say okay, we open our hands and we could display the digital information in our hands. We could literally say okay, tonight I want to have my television this big and place it on the wall. But if you're starting to think in these constructs, it also brings a lot of elements to that. So okay, who owns this digital space? What if you would walk through a street and all this advertising would come into your face? So these questions that on the one hand live inside the technology world, okay, how are we going to shape this world, how is the augmented reality world going to look like on the one hand? And governments, how are we going to regulate this? I think there's a huge still quite a gap between that. And I hope like in the future and with these type of conferences, we can bring that together.