 Good this is Thanks for coming forward So everything I begin with it's always like this I always put you know Listeners advisory unclear language, you know, I'm not speaking about It's just that some some of them Blockchain or whatever and You know, I was like the big jokes about You know para advisory, you know, there's a kitty by vote at autumn months will tell you why you know stuff like this Yeah, so TT docs you was wondering the you know blockchain is always about Blockchain is always about Payments FinTech financial centers trade finance and stuff like this why Shipping is like I always got a lot of people and tell a lot of people Why is like why shipping why logistics, you know, it's supposed to be like Bitcoin it's here, right? In fact wrong a bit of my background is I used to work in this company I believe you still you guys see it about it. It's called Mark's and Spencer So I was with there to understand the business process There was going in round maybe oh nine oh eight. They almost go in the midst of bankruptcy and they come out of plan B and stuff like this and basically They didn't couldn't figure out their supply chain and Stuff like this and IBM failed them tremendously. So I hope no IBM people around here Otherwise, there's this group your life because IBM is one of my partners hell Okay Anyone knows about Bitcoin anyone have Bitcoin raised up hands come on. Don't be shy. Yeah. Yeah. Yeah some more some more Okay, what about it here him? You're still regular people. Yeah, okay Anyone at the back have bitcoins? No, oh Yeah, that's one Come a look for me. I'm gonna show you this amazing hardware. Anyone know what is this? Yeah, yeah, this is amazing right so Anyone doesn't know so I don't about half of them doesn't know what is Bitcoin or blockchain on So it's actually not You see, there's a lot of KAM uncle Sam and the Singapore uncle Sam is going to come down to you and say Oh, we're gonna do a token sale. That's like Where is your anonymity? Where's the KYC? Where's the AML? So if you did it successfully, that's fine, but sooner later uncle Sam is coming after you Singapore one and the FCC to watch out for that So I don't need to read this. It wasn't on control by any central bank So there is something like digital assets. So this is the white paper abstractions you can find it out and figure out Basically is About a mining stuff like this, but we're not doing mining Our stuff is on a private blockchain. So there's no mining. It's just consensus and If anyone want to know about smart contracts That's amazing guy over here Paul. This is helping me as well on the smart contracts if you know about Anyone knows about project who been he's the guy. Yeah, sorry. I don't mean to put it on the table, but yeah You're cool so Yeah, this is what I explained about blockchain Blockchain. Yeah, it's like a tiny little bits of blocks in here And you are just a part of the hash and this is the whole chain of things is Immutable to understand blockchain. You need to understand two core things. I mean, do you remember two core things? One thing is cryptography. If you understand two five six hash simple enough, bam, you boom the second one is Decentralized distributed leisure If you don't know what is that is just Google it up. It's amazing is you there's no single point of failure and Forgive me ever wrong. Okay. So this part has been done. It's immutable So it's a fully secure and stuff like this Blockchain what it can is really soft thing about something which is email or Music if I send you a copy of it, you have no problem with it but if I give you something a Currency or assets or digital assets for example Then it will be problem. How did he then fight this is real and I'll make sure I don't have this copy with you. Okay, so Blockchain it really helps to solve this problem, but there's a lot of dispute in in outside and I believe everyone have some of them you raised up the hand of the Block chain. No, no, sorry the Bitcoin who holds a Bitcoin Do you know there's a civil war outside? Tomorrow and right now. Yeah, but it changes is tomorrow 1st of August if you don't know about it Read about it. All right. That is a total civil war When I was in Hong Kong And if you read my profile on the scaling Bitcoin I met this amazing guy called who owns BTCC his name is Bobby When I met him he Was like, yeah, hi, I'm BTCC. I'm Bobby. I was like, okay I was like then when I go to back to the website and look at his website. It's like BTCC able to mine 1000 Bitcoin per day. I was like, whoo You must be something Then The next guy I'm gonna meet is a young kid Who built a POS system and this POS system is like, I'm so cool I'm gonna show you how to pay by Bitcoin. It was like what? Bitcoin It was like scam must be a scam But when he showed me right in front of the face of the debt POS misses the IoT device built in front. It's like, you know, I'm gonna pay this this this and there's like Hey You can pay immediately. I was like, this is so awesome right So Let's go a bit laughter down here What are the common problems in the shipping and logistic industries? I Don't need to explain this you can read it up. Take a screenshot of it. Take a photo and You can this things are yeah, common problem when a shipper fades Things like I gotta need to buy my insurance exporter need to talk with the communicators and importers is like, hey It's a ship right on time and my freight forwarders gonna do my job So a bit of conclusion if you can't see it on the back and Shipping process most of the common problems is the ship missing documents Documents not informations that which is not exactly right and most of the shipping documents Manual process and it's physical form and Stuff like this What things can go wrong? I was like, you know, if you guys Anyone in the shipping industry logistic, we love to talk to you come and look for us Basically what things just go wrong is all the classification of information and the goose and stuff like this Basically what we try to do is we can't try to consolidate Everyone on board or the cloud. Yeah, it's like, oh, it must be another eye cloud But no no no no way this is just the beginning of the first race It's like 10x having the credit cards and stays, you know, it's so cool. I can pay by credit cards using a bit coin So what we're trying to do is something like ebio leading so we put them on the cloud and digitize them and If you go remember the back in the days you call the someone else. It's like, hello. Yeah, I'm in there But the next thing, you know, who's still using a fax machine down here Can you guys raise our hands if you're still using a fax machine? Nah, I think email right now. Yeah, but the fax machine is very simple I just fax you you get a copy already and I have another copy already So this is what I'm trying to do But in future we're gonna give you that away from the fax machine so we're coming to on board with everyone and everyone on board on the cloud right This is the scale that How tedious the process of the shipping is you're just like I'm going to go to ship out one place and Imagine you guys are just buying for things from Taobao or eBay or you know any commerce platform You was thinking that hell I'm just going to wait and buy and this that's it, right? But no, this is the whole journey of the containers and All your shampoos everyday use like, you know soaps whatever your daily usage. I cook it or whatsoever Just imagine the amount of companies controlling your daily products is all here Just imagine Jack Daniels here, right? Who like to eat Oreos is over here Unilever and store on coke and stuff like this Yeah, this is the whole thing that is one of the largest main capital market exists in the world and 85% of your products are shit by containers Well Yes, it's like you're fine, but If you're going to put in your file in the manual process and the papers and stuff like this There is no trust because I can just simply Temper the documents and says hey, you know if I'm going to import the stuff from Somewhere else and Singapore GST over $400 after the pay tax, right? So let's do tricky a bit. Let's put the documents and says This stuff is actually worth $1,000, but I'm going to put the documents and say say Just 399.99 so I can save That bloody GST That's like Yeah, but you can save it once twice not a problem But think of companies with the biggest scale Auditors before it's going to come to you and it's like yeah, what's going so wrong? Are you trying to do something else? There's a test okay, and nothing is to tease so I was like Why your company is TT dogs as like yeah trust and transparency We're trying to create transparency Trust and transparency in the platform We're trying to build this on a consortium blockchain We don't see Competitors if we see competitors, it's like we are scared or come we don't want to scare the competitors We're like 10x and we see we see other competitors. They're doing they're validating us. They're developing here We are not the first mover We will found that over the market. We're definitely not the first mover and We found that there's a lot of people using blockchain and blockchain, but they really don't understand the key values of blockchain key values of blockchain is only two things as I said again cryptography and decentralized Discipline ledger so we're trying to bring them on board and We're doing a private blockchain if any of the competitors are doing a private blockchain, we love them to work with them so We're trying we're not doing a lot of people a lot of my friends down here. I think Prakash over here. I say hey Dude, are you trying to do ICO? It's like no no no no no no no Make something useful first. Yeah, the whole key is is there anyone using it? it's not the token sale or whatever and We can understand the value of what is the token is As I always will consult Professor Paul here I don't put you in but it's the best guys to look for smart contracts if you already want to know about smart contracts this guy So what we try to do is a validation We're trying to we haven't do a white paper yet But we're soon going to do a draft of white paper, but I don't know when I can guarantee you in that but it's we're trying to do is validation between imported and exporter to do a validation and Agreement agreement will be in the future. We'll come like It's on this is on a smart contracts level already Agreement is mostly more something like you agree on something I burger and something and let's do automation vending machine and it was executed the calling the rules and Utilities is this blockchain We want to create something unique to the supply chain Logistics and I would like to thank Glenn for coming as well. It's amazing guy for the supply chain so we can consult on and Just which is the record and the compliance Which is on the dead that you have that rule to set? Let me tell you what is smart contracts about. I know some of them you're bored already. It's like Yeah, I know what is much contracts. Yeah, okay So as I said fax machine PDF invoice, I don't I think you guys you receive it every day during your work You definitely have a copy of a copy, but it's not going to work on this contract. It's just a copy of the contract So what it's going to do is when you execute on the smart contracts If you have a digital assets, it can be a property of land or the house or whatever that you agree on You have 100 shares and so on so stuff like this. Yeah Hmm, you're wondering This is this is by tech crunch I don't need to explain this anyone knows R3 networks you should look for them and This is there's amazing that Goldman Sachs is there's a potential market value of that 37 B outside Not male or this be USD 100% of them do work with Blockchain on the banks. I believe you heard the news as oh, yeah, OCBC is transferring some money to To other branches using blockchain. It's like all right and Does bang really understand blockchain? I'm gonna take you later But what we try to do is TD dogs. We are very very early stage company. We once again, it's a very early stage company We're still going through that validation process We are validating your partners and we will enroll for programs and stuff like this. Smartport challenge is one of them and the quantity of transparency and stuff like this and which is Perfect for perfect fit for this shipping in the logistic field Competitors If you don't tell you about the competitors use like you must be kidding me No, we really did a lot of homework. We went through months of Finding out competitors even talk to them as I think as customers. It's like, hey, I want to use the service Are you using real as a blockchain? It's like, yeah, there's a list of competitors this over here one of the one of the rated ones as SQL chain and Cargo chain and stuff like this. We even pitched to Merce We went to Merce and just pitch to them and then no, it's like. Oh Yeah, doing this with IBM is like We should go to IBM and then we did talk to IBM and they love us Sorry That's banged really really ex really really familiar with blockchain. This is give you the answer by Bloomberg by PwC and this is the whole chart of the journey that we're trying trying to Validate over the blockchain But right now in the current stage, I can tell you honestly if you go to pitch it at anyone else Not a lot of people know blockchain and it's like they only want to know three things to call three things. Can you do cheaper faster and Anything better than my competitors or in the market does and Right Anyone knows what's this Anyone has seen this Can I just give a shout? Yeah, okay, so one thing is SpaceX create something which is a reusable rocket. So if you build a rocket, it was gonna shoot up once It's going to waste a million dollars. So we're trying to do something a reusable blockchain Which means that in the future Everyone is using blockchain. I'm just trying to advocate that until the day I die because I believe in that and If you really really believe in the old eyes If you don't come and look for me, I might give you a bit of Bitcoin part of it. Okay, and So to to use done that we is is a long long way, you know when SpaceX created this is I'm gonna you reuse go rocket. I'm gonna send people on Mars and people just tell you Crazy, are you really saying you're Mars and then you look at that and what we're trying to do and The shipping and the logistic industry has not been changed ever since I left my job and Right now I came back. I would like to thank Singapore government. It's like good Lord They create this amazing holy church and For me to say here in to talk about blockchain. Otherwise, nobody understand them We love to talk to you and please come to our website and give us a light or whatever And we love people to advocate about blockchain. So We love to come to you to me after this session. We have community discussion and I think basically thank you. That's all I love to shoot out any questions or any doubts Sorry a bit long, but come on. Don't be shy. Yeah, go ahead. It's not only about tokens currency, I think it's more about using supply Blockchain to change to do something good to change what we are doing That is something I really like so you only talk about the logistics and shipping and that is part of supply chain So my question is what other area in supply chain do you think can blockchain can help to transform our trade trade finance You look at this our trade is amazing When you look at our trade is trade finance It would you have engaged a smart contracts and automation everything You agree a buyer and exporter and seller and Buyer agree on that everything will become like a vending machine. So We we ourselves we see that potential down there But we are now we and we are nobody so we are very early stage. We're trying to create In near future. I don't know when but we're still looking at that in near future that we are trying to create tokens for that shipping but in order to convince because our business model is purely B2B and You asked any companies down here. Hey, please buy my token. They'll tell you. Are you crazy? Yeah, so they'll rather give you fiat currency and that so once we the option rate kick in You see that people are using it there where is the ICO and everything goes come in So right now is we don't see we need to substance ourselves So we learn do a digital view of leading first to something to ourself and slowly we're just going to step it up and Next few years. I hope that we can become like flexplot does Yeah That's Jeffrey. Jeffrey knows about flexplot. Yeah, any other questions? Yeah, go ahead Hi, you see you mentioned that I bang down transaction in the blockchain Yes, you could you share a little bit more details on how was the transaction being done? Is it to crypto or other type of currency? Banks right now days where I know that they're using private blockchain They they don't do public blockchain because of the gas price and the mining fees That's one thing. So they transfer different branch in different countries within their own networks If you look at historical records RBS Royal Bank of Scotland Royal Bank of Canada RBC sorry Royal Bank of Canada is the first First banks that using blockchain technology to do a transfer which should each other and for the shipping and logistics It's about last year it was Barclays that using the R3 networks to ship a physical goods From London to all the way to South Africa and It's a real trade It's a real physical containers with around probably about 1000 bitcoins of the goods and For Singapore wise OCBC on last year on the fintech festival they have brookly man says that hey Are we have transferred? money physically from a digital assets from Singapore Malaysia Hong Kong then back to Malaysia then back to Singapore then back to Hong Kong again back to Singapore So is the they using? Crypto tokens on on their own digital leisure. Yep Any other questions does it answer the question sir, okay So just imagine that next time you can just go to Taobao and use your Bitcoin and I just went to Tanjong Baga and says that there's a shop that said Bitcoin as well Yeah, so any other yeah, my question is can't you guys start off like flat flex port? instead of waiting two years to become like flex port Flex port is very interesting You can ask Jeffrey flex plot we haven't pitched Jeffrey before so I'm sorry about it. Okay, but Is flex port is only the barriers from pot-to-pot it doesn't really cover the whole container journey right, so flex port only find your your Something like your aircraft you when you buy a plane ticket you need to know your Nick's of kin is on the aircraft and Is it your next skin is safe on the aircraft? So they will go down to the this platform of flex port and you find it's like a little dashboard and It goes up to one place to another from time to time so There's a little two down there. Yeah Any other questions does that equals your questions? Yeah, sorry about it Right, okay. Thank you. Thank you so much, JC