 It's very much the Open Water Foundation is very much, you know, just in the very beginning. Tracy is here, she's our tax chair and really been instrumental in getting the project to where we are. But our, you know, discussion started probably last summer and in the OSCEU in Dublin last year, September, we made a, you know, boat announcement and the person behind is Daniel. Unfortunately, he couldn't be here. He's in a parallel meeting in European Identity Conference in Berlin the same week. And so he and many of the people really from quite diverse different background and communities realized this concept of open source project for a wallet. And, you know, I will touch a little bit about where these diverse background or diverse people somehow all merged together. And we finally had an official launch in February this year. And so we are kind of almost three months old. And I think Tracy, we had the two code contributions started two days, three days ago. It's for SDJWT, that's for selective disclosure, JSON web token. So people understand web token. This is, you know, this little digital object that we can send each other through web and give people a way to use that as a means to build trust protocols. Okay, so you might have heard not in this keynote or probably tomorrow, a digital trust initiative by Linus Foundation. So the open wallet is also part of that. And I'll leave some information on how the rest of the foundation as well. Very simply, we look at a wallet today and the very, you know, these are called general purpose wallets. So both, you know, Apple and Android platforms offer some kind of built so-called building wallet. It's very general purpose in the sense that you can have many things in it, many kind of things, you know, whether it's cash, credit card and stuff. We also have a lot of a specialized wallet. I didn't show up here. The specialized wallet will be like a crypto wallet or a bank, specific banks application and you will be dealing with only things owned by that particular application or use case, right? So those are more specialized. And we're thinking about as an open source project is, A, we want to have a common go quality code so allow a lot of these kind of application can be relatively easily developed with good privacy and security features. And also we would like to be general purpose so they can be used in any scenarios, not just for a bank, but, you know, in this session, how about one of us, right? So that's the goal. And here are some of the examples. So you can imagine in the middle is all these cards you can pull out of your wallet. You know, basically each one, you can think of as a representation of data. We found very valuable. So anything like really we care about, we want to control over, I think can be represented in some kind of digital objects. And these are, you know, I've shown quite some examples that can be carried with your wallet. And the wallet doesn't necessarily have to be in your mobile phone, but it can be, you know, virtualized in the web, cloud into a metaverse headset and different hardware. So the Google people just hand us one token this morning so that can be your notion of the wallet as well. So it's all different purposes. We use an analogy to try and explain what the project's trying to do. And the analogy is a web engine. So Blink is a web engine and the Blink today probably covers, I don't know, maybe 80% of the browser markets. So the browsers are commercially developed software product, but the engine beneath it is Blink, right? And V8, which is in the JavaScript side. So those, you know, eventually implement a whole category of standards for browser that will be, you know, HTTP, CSS and JavaScript. So if we take the similar kind of the reasoning, why we need this as an open wallet where we, you know, basically building these open source software components that's going to be very critical to build proper wallet or wallet-like applications. And there are many, many of them. And it's really, I think I want to think about a wallet-like application. It's any application that we feel there are data and things we really feel very valuable to us. We want to have control over. And that can mean almost everything, I think. Like if we care about our privacy and ownership and have basic agency in the digital economy or digital, you know, network ecosystem, it is important for us to carry something that we have control over. And so there's a whole set of protocols related to that as well. In addition to these, like, we think of technical protocols, there are also a lot of regulatory rules and in European Union, they call tool box. You know, these rules will also dictate how these assets can be managed. Anyway, so I hopefully already, you know, explained the mission statement. So essentially that's what we want to do. We're not building wallet ourselves. We're not, of course, sort of deciding any, you know, commercial rules and the protocols for standards, et cetera. We'll be coming from the traditional standard bodies as well as the new ones that I think we will develop over, you know, for example, in the Metaverse. I'm sure that Metaverse ecosystem will probably come up with a lot of rules as well. So those are basically, we would like to integrate into the open source project itself. Anyway, very quickly the structure look very similar to, if you're familiar with the Linux Foundation's structure, so this is a typical one. And the only thing I want to point out to is that we create or trying to create one government advisory council. So we have a governing board I'm a member of taking advisory council where Tracy is our chair and we also trying to start a advisory council for governments and government organizations and representatives that can help us sort of advises on regulations as well as, you know, a lot of the rules depend on the type of things we keep in wallets, right? So money like things often comes with a very strong regulation and et cetera. So those will be the, I think our ingredient, we was trying to see this foundation to succeed. I'll talk about a little bit of the role of wallet. So this will be the end of my introduction piece. So the role of wallet, I think of it as a very key component in the overall trust framework. We talk quite a bit about in the keynote, right, a lot about security. But this is something that we haven't quite mentioned, which is like the basic orientation of what security means. Typically, when we talk about security, we talk about protecting a infrastructure. We talk about protecting servers and platforms et cetera. And it is often, you know, like I think not recognize widely enough that we also need to think about each of us as a infrastructure. So we need to have a way to protect our own information. That can be your privacy, data, and whatever you own in the internet. And so I want to basically highlight two things. One is to hold things. So you have, you know, these digital objects you can keep. And two is use those things to exercise control. So give user some way of control. And this is quite important. I think it's a, the wallet is also the most direct personal interface. All the, you know, protocols and algorithms you talk about, the end user will not directly feel it. But the wallet, they will. They will be, you know, touching it and using it and, you know, interact with it every day. So it is very important that we do it well with a goal to enable user agency and then to, you know, remove the burden of choice and complexity. So we need to make that very convenient, intuitive for the user. And that's the, I hope that will highlight, I think, in my view, what the roles of wallets should be. I won't spend much time other than to point out that so this is a European Union Digital Identity, EUDI's architecture diagram. And in this big complicated diagram, the pink ones are regulators, the yellow cars are players or parties. And what is that single purple thing? That's the wallet. And so I just want to see if you look at the wallet, it's really in the center of a lot of things. So now I'm going to shift to, in the remaining time, I want to shift to metaverse. And so I, when we were talking about the, you know, starting a open wallet foundation in Dublin, I also met Roy and others, Royo and others who was trying to start open metaverse. And so I got involved into some of the understanding of what metaverse need to be. And, you know, learning some of these, so like very challenges for metaverse. I would just want to say it doesn't exist yet. So we're talking about future challenges. I think it's very interesting because if you look at these top seven lists, this one's from a company called Lucid Reality Labs. It's about reputation, identity, data and security, currency payment, law jurisdiction, ownership, property, community network, time and space. So maybe I can link time and space, but almost everything is related to, I think, the concept of wallet identity and, you know, privacy. And those are the really in people's mind when they think about metaverse. The second one, this is a research effort right now in mostly in UC Berkeley. And so we had an opportunity to talk to Vivek Neer, who's the lead researcher there about metaverse and privacy. And so this is their second paper coming out of that effort, which basically used a relatively rudimentary and simple learning algorithm to uniquely identify 50,000 individuals. So it's very large enough that you can generalize, say basically anybody can be very uniquely identified by the motion alone. So the way you, you know, whether you are in the metaverse to play a game is where they started. The way you play the game, how you move your arms around all of that by basic information of collecting that within the gameplay's context. So you can say, okay, this particular scene, people are playing, you know, slashing this box in certain way, right? And with about a few hundred vectors or parameters, which is relatively small. If you remember, in like a char GBT, it's 80,000, 100,000 degrees of dimensions there. But this is a few hundred of them would very uniquely identify each individual more than 90, 95% of time. So this clear implication that metaverse has huge privacy problem. And how do we solve that problem? We don't have answer yet. So the next few slide, what I would like to do is basically look at like wide open wallet or wallet kind of thing in general is critical to the metaverse. And so I was now with identity and avatar. And so in the case of avatar, right? It's a digital object, 3D object, let's say, that I have some control over, but not 100%, because some of the avatar has to be automated. And it's going to show quite a lot of things. It's a huge surface or attack factor, you can think of it, that's going to show a lot of things. We really don't know how to deal with that kind of thing today. We don't have a way to really, to build something that representing our identity, not purely as a key or a randomized string or something like that, but really has a very complex object, has a lot of display and it's meant to be public. Well, that's what identity is for. Why you need identity? Because you want that identity to mean something and therefore it must be public in some way. And so between control both of them and you have full control of that, it's critically important. So I would say to build identity and avatar, you need the baseline core capabilities which I think will show up in the wallet. So that control you have is the basis that you can build an identity and avatar for metaphors. The second in that space is authentic content. Authentic goes both ways. One is it's not fake, right? So where it's from. So provenance and authenticity is extremely important and these objects can be also very valuable. They are expensive to build. So you may want to make sure that it cannot be easily cloned, et cetera. So all of that require authenticity as well as provenance. And how do you keep the authenticity and provenance along the entire metaverse or digital object development cycle, right? So we were talking about supply chain for software code and this is exactly the same problem except I think it's much more complicated because now you have all these 3D objects need to all work together. And so this is another area that complicated developer focused process is not gonna work. We need a way that enable all human and creative developers, et cetera to be able to conveniently use that day-to-day in your life. That's the kind of a scale we need to have. And I think that will also somehow start from the wallet. We talk about digital assets. So a lot of people think like a metaverse requires some kind of monetization or you can think of another business model, a model that is not ad. It's not purely subscription, I guess. Something new hasn't happened yet. And I think to enable that kind of business model will need a wallet. Transactions, I'll probably skip this one, it's very clear. If today we do e-commerce, but e-commerce is still quite complicated. It's based on a long chain of events that its security and privacy are very fragile, at least I would say, right? So how do we make those things much more mature and intuitive and easy to use so that we don't constantly fear there's a fraud, there is a hack going on. I think that is critical. And as if we step further into the metaverse, you're even more exposed, I think we need something like a wallet. Privacy, I think this one probably will be the key. This is maybe the general problem, representing all of the above essentially. What is a privacy? And at the end of the day, it's your control of your own life. And that's being essentially in the digital world, this becomes enlarged, it becomes very, I think it becomes very accentuated into one or few spots, which is, I think, dangerous. So we need a way so that to spread the systems out and have our own control over it rather than rely on one single solution alone, right? I think it's need both ways. But it's a key that we hold some part that we have a say whether we can have a unilaterally make a decision about privacy. And finally, I want to mention the world of AI and all the agents. So in a complicated system in the universe, I don't believe we can have men or women and humans fully in control of how the system work. A lot of things will have to be automated, including our own avatar. The avatar you purely manipulate by your own hand and play is one thing, but as a representation or identity piece, it will need to be somehow automated so that it can, for example, act on your behalf in some limited fashion. And that is very critical. And it's also bringing the immense challenge, I think, in sort of authenticity in this world. We know it's all made up world, but which one are genuinely true? Which are not? What context we are walking into? What kind of room it is? All of that require, all of us have a way to speak. We need agency in that world. And how do you get that agency? You need to, if you remember, Corey is a specialist this morning. You need to control a piece of computing resource. It has to be yours. So I hope I can convince you that it's also, I think, starting with something the concept of a wallet. Okay, so I'll just leave this quickly on the board. The new opportunities from consumer side, from creator side, developers, businesses, where these things work. And the way I would like to convince everyone is that there's a very critical piece of software we need to do well, as well as have some ownership or have some say how it is developed. And I hope I can convince you that it's an open wallet foundation. So my purpose will be to make this a bridge to the Metaverse community. And hopefully you can join us to make this a reality and possible. It's a very young and new project, a very exciting time. So everybody's welcome. And I think this piece is very important. We cannot rely on any single company in a single organization. We do want to see this develop in the open. So we know what's in there, how it works. And I was chatting with John earlier, right before this session, that I think the key thing is that we need to focus more and more on the individual, the consumer, the person who really, not only using the wallet, but it is designed for them. I think that's very critical. So we welcome all the participation in the open wallet foundation. I will leave a few links and how to get involved. There is a very good report. It was produced at the same time in February, why the world needs an open source wallet right now. And also there's a Discord channel and the GitHub for getting involved. Our GitHub is, all Discord are all very new. So that's how we're just showing up with two project proposals right now. Both are focused on selective disclosure, JWT, and the idea of selective disclosure, I just want to use that as an example, as a very critical, it means that when we are issued or when we have a piece of information like a driver license, when we use that particular object, right, we want to control what is disclosed to a particular party. So if I go to a bar and they want to check my, or used to check my age, I want to be able to give them only that piece of information, not anything more. And that's a very general capability because basically any kind of a wallet, sorry, a web token, once it's based on this, you will have that capability. So that you can apply that to every type of user that we have. And that's just one quick example of why these issues and the software that I make it possible is very important. So that will be the end of my talk and I hope I have a little bit of time. Yeah, so thank you. So we have at least 10 minutes, if I correct? Yeah, any questions, any comments? Yeah, yeah. I should have put this one here. I don't know, Trace, do you remember, like total will be probably close to 50, I would say, members? Right, right, right. Yeah, so the general category of members, so we basically ask the larger organization to donate some fund to run the, but otherwise it's a wide open, anybody can participate. The audio software open source and we have a lot of organizations involved. Some of them, they've been driving the Europeans Digital Identity Initiative, so that's a large group of them. For people who may not be quite familiar, the EU Commission are driving through registration and other means driving a EU-wide digital ID, the sort of like all the countries in the EU can issue the ID, the ID would be recognized European-wide anywhere. So that's a big initiative, a lot of people who have been writing open source code already, we hope to attract them as the Open Water Foundation will become home kind of way for those projects. There's also many group of organizations and open source projects who in the last at least 10 maybe even longer have been working on these issues for a long, long time. And so I will remember at least, you know, trust of IP, I've been very actively involved, Digital Decentralized Identity Foundation, OpenID, OIX in UK, ID2020, for example, and there are numerous ones, and many of them are actually here, so in the audience as well, I wouldn't remember all of them, but there are a lot of these organizations who have come from different backgrounds, some sort of from blockchain side, some from decentralization, web3, some from payment, and want to see the payment ecosystem more open, some from European Union, like from government driving initiatives, I know John is really instrumental in British Columbia, driving the digital ID by the BC Guard, for example, and then many of them, there's also environmental effort trying to use, you know, this to control or manage supply chain for green initiatives, for instance, and John talked a lot about a BC mining initiative program, we've seen a lot of demos using very similar kind of technology, so we are building on top of that foundation, and what we are doing is trying to put all those together in the home, in the neutral home that we could make them, you know, the software be interoperable in some way, general purpose, and scale up potentially, right, so those will be the, I think, the mission or the challenges we want to face. Any other questions? Metaverse? Yeah, I went to a royal, organized a workshop a few months ago in Austin, and we went there, it's really, in the Metaverse workshop, essentially two tracks, and one big track is your identity, privacy, and so I hope, you know, we are thinking up why these are very important. There are actually a lot of open source and open source wallets even out of today, so if you go search open source wallet, a lot of will come up. Most of them I would assume are blockchain based, so basically they are building a wallet for a particular type of, you know, a coin or blockchain they're building, right. What I think is missing is how do we build a wallet that's like we are saying, general purpose, and that is really targeting any individual consumer, and it's for any purposes, not just a particular coin, so general purpose, open source, and you know, good quality for that. So that is an unsolved problem, so today I don't think there is this kind of wallet that will allow you to do all those types, and so there's a lot of, for technical-oriented talents, I think there's a lot of unsolved challenge. This is again, I come back to the browser and web engine analogy. This is a unsolved problem because the web browser today, the security framework there is that the browser is a little attachment. So to empower the browser or the endpoint is a hugely interesting technical challenge. So I think to me that shows the power of these wallet and shows how a completely new type of applications and new potentially type of business models can be developed with this change. So I think it's a very interesting and exciting time. Yes, right, value alignment, like I didn't have a lot of time to dive into, but value alignment is the critical piece, right. How do we realign the overall orientation of these ecosystems? So the user have more say in that while still not sacrificing scalability and also the business model that enables. So I think that that is the critical, the hardest challenge. So we are very beginning. So there's no ready solution quite yet. There's nothing even to download today. But we hope to solve that soon. There's a lot of quite, we didn't start from scratch, you put that way, right. So there's a lot of existing software already developed in different contexts. And we're just in the beginning of the process of attracting those projects, moving to OpenWallet Foundation and then integrate them and potentially creating a new type of infrastructure. So we are thinking about, for instance, how web and native-based application developer today is complicated as space there. So this could potentially provide an opportunity for us to really think how that software framework would look like. So that's another, I think, very interesting development. It will be an echo of a lot of people promoting Web3. And so I imagine that in the future there will be a lot of applications. They wouldn't call it OpenWallet applications, but they will have a wallet embedded in there somewhere. And that could be the crucial thing for that application. Exactly. And agency is not something I think we can simply say, oh, I give you a choice. Well, a lot of choice, like I was trying to remember when I first landed here in the drugstore as a graduate student who didn't know much English. I would have said, I thought I knew, but I didn't. When I walk into drugstore, I had my brain just go, oh, because I just look at every word and these drug names are just incredibly hard for me. And I couldn't do anything. I don't have agency. I have a lot of choices, but I can't. And that's a hard problem to solve. And if we can solve that, I think it will make a lot of the issues we're talking about hopefully better.