 So if this is your first meeting, I want to kind of flag for everybody that hyper ledger follows and. Thank you David. This is your first meeting hyper ledger follows an anti trust policy that I have the shared at the bottom of the of the meeting page so you can have a look at that. Also, if this is your first time getting involved with hyper ledger we also follow the code of conduct which is really important to be aware of. I usually kick off these meetings by inviting anybody who is joined for the first time to to introduce themselves nourish you'll be presenting soon so I'll give you the floor. When you can share a little bit about your background you kick off the presentation. Is there anybody else here who is joining for the first time. Yes, I'm joining. The first Karen. And about your background and how you learned about us and your interest in climate accounting. Sure. So I, my way of background I've been 30 years in high tech. In Silicon Valley. I'm based in live in Menlo Park in California. I just literally got out of a corporation and I'm focusing all of my energy and attention on climate change. So I'm trying to find ways in which I can support technology in new ways. I think one of the areas is is blockchain. So I'm, I'm drinking from the fire hose so to speak and learning as much as I can. Fantastic. Well, you've come to the right place and we're very excited to have you here. Is there anybody else that like to say hello. Great. Well Karen, I'd also recommend one thing that you might be interested in doing is we can record all of these. All of our meetings. We oftentimes have really great speakers like nervous Jane is going to be presenting today. Lots of really interesting uses of blockchain around different issues around climate accounting. So you can kind of look through some of the past meetings. You can find what is of interest to you and find some really interesting kind of cutting edge presentations from some of the kind of thought leaders in the space. So I highly recommend you take advantage of that. And very excited to have you here. I will kick off by saying also if you are a new member here. We have some additional links in the meeting agenda. We talked about how to contribute we created a section around that there's technical opportunities as well as non technical opportunities. So you don't have to be a developer to get involved and contribute to the special interest group. I'll open up the floor I don't know if there are any announcements from any of the different working groups from the carpet accounting working group or the standards or research working group. If there are, please just raise your hand me open up my screens I can see. And I'm not seeing any hands raised so I think we can kind of probably just move on. Great. Okay. So the presentation that we have today. I'm really excited to, to, to learn about it this is a particularly sticky problem that we'll be hearing about from nourish Jane who is co founder and CEO of trace chain. It's all about understanding and tracking downstream kind of emissions and waste. I should say waste information, particularly tricky challenge in the fact that you know when an organization sells sells a product or service, you know it leaves the store and it is out in the world. So that creates an incredibly difficult challenge and understanding, you know how how those products are used, how they're creating waste, how that race, what rate what waste can be mitigated, but a critically important component of kind of the climate challenge of and I think distributed technology offers some really unique solutions for something that is like as decentralized of a challenge or a problem as you can get. So very excited to have nourish share a little bit about the work of trace chain and kind of educate us a little bit about how he is tackling this challenge nourish I will hand over the floor to you if you would like to share your screen for a presentation. Happy to stop sharing my screen. Thank you, Sherwood. Let me share my machine. Okay, is my skin visible. Yes. Yeah, thank you Sherwood for introducing me and good morning and good evening to everyone. It's my pleasure to be here and present and share my experience and learning and whatever work we have done in this particular space. Trace chain. So let me give a quick introduction about myself and the company so that is a better understanding what all we do before I specifically talk about the solution. My name is narration and the co founder and CEO for snapper future tech snapper started journey about six years back with full focus on enterprise blockchain solutions. And we have worked on a few products and we provide services to customers globally and with 100% focus on enterprise blockchain. We are also hyper ledger certified service provider. Let me talk about trace change station is a name or brand name for the product of the platform what we have built. And this covers two areas. It's focused more on waste management or waste traceability and green financing. And that is what I'm going to talk about what does that mean and how do we what are we doing in this particular space. So I would like to say one thing that we have a solution has been authorized by FSC innovation sandbox. FSC is a international financial services from India, which is a regulatory body. It's a regulatory body like SCC in USA. So this is an Indian regulatory body for international finance. So, and we have got authorization from them as part of this sandbox to pilot our solution with the customers. Okay, so as we all know that we have a global warming challenge, and I would like you to go through this video for about a minute so that understand the problem. Alright, so as we all know, we have a big challenge for our environment global warming, the problem is that temperatures are rising. And at the same time, emissions are increasing every year. That is why United Nations have defined 17 goals to make this world a better place to live. This these goals, not only covers the environment, but it also covers the human angle that human, they should not be any poverty, they should not be any hunger, everybody should be healthy, they should be education to everyone gender should be equal. And we should have all the countries, all the cities, everybody should grow, and it should be inclusive economic growth for everyone. And there are 17 goals and the solution what we're talking about, it's going to help us in achieving certain goals, so out of this 17. So, so another action so this was those are the goals set by United Nations, and also what United Nations did that came out with the Paris Agreement in 2015 for net zero commitment for a livable climate. So what is net zero. So net zero is basically, we are talking about that whatever a greenhouse gas emissions are there, whatever you're generating the same time, we should be able to reduce that. So net effect should be zero, and we want to achieve that, that they should not be greenhouse gas emissions overall. And the target is kept that currently, we already have a temperature, which is rose last 100 years it's more than 1.1 degree. And the limit of the cap is 1.5 so they should not the global warming effect should not be the goal is that the temperature should not rise more than 1.5 degrees centigrade. So that's the goal, and that can be achieved. If all of us we work towards that, and the targets are set and by 2030, almost 50% of the global greenhouse gas emissions should be reduced. And we're targeting that by 2050, we should be able to achieve net zero. For that, there's a lot of commitment from all the major countries. And most of the major countries have taken a place that we will reduce global emissions by 2030. Around 70 countries, the major 70 are like top 70 countries. Basically they have 76% of global emissions, and they have set the target of net zero by 2050. In this global efforts is not only the government. Also, at the same time businesses, financial institutions, educational institutions, everybody is joining their hands and working towards that. So it's not the responsibility of only the government. It becomes our responsibility as an individual or business owners to put efforts in reducing the gas emissions. But at the same time, so far, whatever target we want to achieve, we are falling short of that. The target by 2030 is that we should be able to reduce almost 50% or 45% of the gas emission compared to the level of 2010. If you want to keep our warming level within control of 1.5 degrees Celsius. But as per the current action plans available, we may not achieve that and rather there will be an increase of 10%. It means that the efforts what are being put in so far are very less and it requires more efforts from all the governments and businesses. If you want to achieve the goal, what we need to do is we have to take various action. We cut down 30 giga ton of greenhouse gas emissions annually for that the six major areas are identified. One of the areas is energy that we have to reduce our dependency on fossil fuels and shift towards renewable energy. That we have to make our efficient equipment so such that we consume less energy. Similarly, the industry for their manufacturing or heat or AC or what equipment they are using, they should be embracing renewable energy and make their equipment more efficient so that less energy is consumed. So energy production as well as consumption should be renewable. At the same time industry should also embrace use of renewable energy. Similarly, we have to reduce the food waste because a lot of food is wasted all over the world. In fact, we all know that at one side we are wasting the food and other side people do not have enough food to eat. So we have to reduce the waste at the same time we have to go towards sustainable diets. The major thing what we also need to achieve is restoring our ecosystem. So deforestation, cutting down trees and rather putting more trees. That is what we need to work towards. And finally transportation and infrastructure. We can use EV and globally we all are going towards electrical vehicle or maybe using cycles and all that walking down so that it's healthy for us. So that can also help us in reducing greenhouse gas emissions. Infrastructure should be such that we are using low carbon in building our building or updating our infrastructure. So it's not only that said that we have to take actions for reducing gas carbon but same time. It's very, very important that we have to account it because if you don't account. In that case, what we have achieved will not know. And there will be various kind of issues trust issues and the target whatever are being set will not know whether we have achieved that or not. So measuring and tracking of emissions is for the projects related to green projects is very, very important. And that is where technology comes in picture so and blockchain technology plays a big role when it comes to climate accounting because it's a large ecosystem. There's so many different areas where we have track carbon emissions. So it's a large ecosystem. And it's very complex. It's not easy for the government for businesses to track or account what what has been done what has been achieved. And because it's a large ecosystem trust is always challenge. Transparency is needed. Overall accounting, traceability and provenance of the missions as well as savings. It's required and blockchain can bridge that gap or can help in much better way than any traditional or centralized technology. Being a decentralized architecture of blockchain technology, it can help in raising the cap of transparency and bringing world trust. And that is a key. And also it's it can bring efficiency in accounting and trading of carbon credits for efficient reporting systems. Currently, many projects have been done on sustainability sites using blockchain. As per the report which I would see that these are some of the reports projects, which are done in different areas, whether it's related to ESE reporting, waste management, recycling, or responsible supply chain, sustainable agriculture, EV and climate actions. There are various projects, which are either live or they are under development. And this is some of the projects as per this particular report but otherwise apart from that, many other projects are also being done like one of the project which you are working on. So which is not part of this report. So probably a lot of work is being done and definitely Hyperledger Linux and Hyperledger also done a lot of work and this group itself is working towards that. Okay, so so far it was all generic stuff which I was talking about. And now I will go into detail of a specific solution what we have built within our company and I would like to make this session interactive. You can ask me any question, you can unmute yourself and ask questions so that we have better understanding. As you may not find a lot of content here but I should be able to answer your questions what has been done. First, I will start with the problem statement very specific to waste recycling. And this all is based on our experience what we have the kind of work we have done in India. And the problem statement is more relevant to Indian context, but I would say that even other countries are facing similar kind of challenge. And the major challenge is the lack of visibility and trust when it comes to EPR certificates. Now, let me spend some time what is EPR. EPR is the extended producer responsibility. What it means that the producers or the manufacturers or importer who are importing from outside of the brands basically these manufacturers or brand owners have a responsibility that whatever products they are producing or selling in the market. And whatever waste they are generating and waste could be any kind of waste whether it's plastic waste or the metal waste or the e-waste or textile waste any kind of waste, which is being generated by consuming those products which are being produced or sold by those brand owners. Then they have a responsibility to collect back that waste and reported back from the compliance point of view. It means that whatever waste is being generated by any producer, then the same waste needs to be collected back by them. And that's their responsibility. That as per that responsibility, either they can directly collect the waste from the market. And generally you might have seen like many manufacturers they ask through either through the retailer stores or specific locations through specific locations. They ask that you deposit or you submit your waste bottles or waste products. So either they collect their products waste directly or they can buy credits from other companies who are collecting waste on their behalf. So and that is why I'm using the word waste credits. So in India, we are using the word EPR certificates for compliance point of view, but it is as equivalent to waste credits, where for either plastic or battery or e-waste, the producers have the responsibility to collect it back and report back to the regulators. But the major challenges of recipient trust is because majority of the sector is informal and it's very high. Probably it's 10 to 10% of the 10 to 20% of the waste collection is managed by some of the big players. And that is done in a proper fashion, whereas the majority of the collection is being done in a very informal way. And that is why traceability becomes very difficult. And because of that, reliability of the data is a big challenge. Accuracy of the data is a big challenge. And frauds happen. And many times even accounting is done multiple times. The EPR certificate which is produced, even though their checks and balances still duplication happens over there and frauds happen that for the same waste whatever it has been collected. Multiple certificates are issued from compliance point of view. And still compliance is a big challenge. It's very complex from that point of view. And the government is trying to bring different kind of regulations to make it more credible and more trustworthy. So this is a big problem statement. And if I talk about the scale, and especially in India, I'm talking about that. So every year around 10 million ton of plastic waste is generated out of which 40% of the plastic waste is not collected. There are 40,000 processing units. Basically these are the processors which are recycling plastics. There are more than 4 million people employed in the whole process. And these are 40,000, these are the processing units, but behind that, there's a big ecosystem of waste, red pickers and waste collector and aggregators. So it's a big ecosystem, especially in plastic waste. E-waste and battery waste is not that of big ecosystem from people point of view, but the problem is much bigger in E-waste and battery waste. In E-waste, more than 1 million ton of E-waste is generated every year, but 90% of that E-waste remains uncollected. And if I talk about battery waste in India, for known compliance itself, there's a penalty cost of more than $6 million every year. So these are some of the numbers to give a scale in India. And there's a big impact of that. If I talk about because of the mismanaged waste, it impacts human health. And every year, more than half million people die because of this. The other thing, I'm putting one statement here that India has been ranked last among 180 countries on the environmental performance index 2022. This is something which cannot be digested because if I talk about India, India recycling happens for decades in India. That is a regular process that we have been doing the recycling of waste. And still, we are ranked last. The reason being is one of the main reason for this ranking is that the accounting. So whatever work we are doing, it is not getting accounted. And that is why such kind of impact is there, especially in ranking India. The impact is big in terms of mismanagement of waste. I can ask you a question on that real quick. On a use case, the recycling certificates and so forth. Yeah, that makes a lot of sense. I'm just curious on recycling is 40,000 processing units. All that into carbon accounting and net zero. Do you have any idea if we how much I know this is true when it comes to metal recycling versus producing metals but how much is it a lot. Are you also bundling into this beside the waste certificates also the ability to do carbon accounting and approach net zero by more recycling than creating new plastics. Yeah, I'm sorry. Sorry, Jeff, can you repeat your question? Yeah, so are you seeing in the work that you've done in the use case on this. When it comes to recycling is recycling a lot less energy intensive for things like plastics than there is producing them from raw materials, this case oil. Yeah, correct. So if we talk about overall. I don't think one of you. The market is quite big, and of course, waste is just one part of that which is not a very big part of that, but very, very important component of overall sustainability what we are talking about. And this definitely cannot be ignored. And this is one of the way that which we can definitely can help in reducing or achieve our sustainable goals. So for numbers, how big the market is for all carbon credit or that number is not handy right now with me, and these numbers what I'm talking about is mainly from the waste point of view. This the number but I just shared is from media point of view and if you talk about at global level from global waste recycling market sizes. We have around 6060 more than 60 billion dollars as on today. And it's growing continuously, which is expected to be more than 88 billion dollar market by 2030. So these are the numbers which are handy right now in front of me. But otherwise, I do not know the exact figures in other areas. Yeah, nice. Yeah, thank you. Okay, so the problem is big. And impact is also big. So what is the solution so the solution what we have created is a first are we created traceability solution. We are bringing the entire ecosystem together. We are bringing smaller players like waste aggregators or smaller processors on board in the formal sector on a platform where they would be able to put in their information. Using which we would be able to account how much waste has been collected from which place it has been collected because the kind of waste and from which area it has been collected. And even whether it gets collected from the ocean or from the land. So different kind of waste is there. So it's important that we account from what is the source of that waste. So collecting that waste, like bringing on board the smaller players and collecting data from there and then connecting it to the processors who basically receives the waste which is supplied by the waste aggregator and the process the way the process works here is that there are small players or individuals are small players who actually collect the waste from the land or the ocean or from by going to different houses or different base and that the waste gets the waste aggregator collects from that Regman or Kabadiwala and aggregate that waste and create a bundle or Bales out of those waste and those Bales are supplied to the processor or recycler and the recycler does a recycling and then that waste goes to the producer who uses that recycled waste in manufacturing of the product. Now in this process there are two parts here, two kind of activity happens. One activity is a processing or recycling of the waste that is one activity which is a physical material. And the second activity is that a certificate, EPR certificate is generated in this process, which is generally done by the recycler or at the time of processing the waste. So these two things happen at the same time that waste is recycled and it can be sold to anybody. Whereas the EPR certificate which is equivalent to the waste credit which gets sold to the manufacturers or producers who needs to comply. So these two process happens. So as part of our solution, we track both the things. One is that there's a complete tracking of the waste, also there's a tracking of the recycled material throughout the value chain and the supply chain. Also at the same time that EPR certificates are the waste credit document. It is generated, which is verifiable not only by the producer, also by the regulator and that also has a traceability of tracking. What it means that it becomes very, very important for the regulators to know that there's no duplicate or it's not a fraudulent certificate and they want to verify that it's a right one, it's not a fake one. And that is where traceability becomes very important. So traceability of the EPR certificate waste credit up to the last level, it can be done by the stakeholders in this ecosystem. Here we also have setifiers who certify those certificates which are generated by the processor. That certificate can also be verified. And also not only the tracking, as part of our solution, what we have done is that we are creating a token for those EPR certificates and those tokens can be traded on a platform which can be bought by the producers or whoever needs those tokens from compliance point of view. Before I go to the next slide. Do you have any question here. Naresh. Hello. Yes, yes. Can you tell me how do you ensure that the waste aggregator is not manipulating the data before they are entering it on the blockchain just to gain the EPR certificates. Okay, so we collect a lot of information at each and every stage. Okay, which includes not only just the type of material in the quantity photographs are collected at each and every stage. Along with GPS location, along with the proof in terms of how much is the weight, what has been shipped from where it has been shipped, what kind of transportation location. So all those data is captured. And that data is captured at each and every stage, for example, the waste aggregator, when he ships the waste to a processor. So whatever he has shipped, at the time the data is captured at the same time, when a recycler processor receives that material, even at that stage, information is captured that what they have received. And it should match because whatever has been shipped, same thing should match. And because here we are talking about capturing the program, geolocation, time and all that information. That is what gives us the sanctity of data. And it's very, very difficult and we will do a proper auditing. We can easily find out that if somebody is trying to manipulate the data. So it's difficult to manipulate the data because we are capturing data in real time and with multiple proof points and they're linked together and there's a mass balancing. So ultimately, that is the way it goes till the last and when we are talking about verification, when we are printing EPR certificate, then EPR certificate, all that information is printed at that time. And okay, let me talk about some solution point of view. So what happens here, the data which is captured at each and every stage is stored in blockchain. And finally, EPR certificate is created based on the data from blockchain as well as some data depending upon the kind of data is stored in a regular like off chain. So that data and the data from blockchain basis that EPR certificate is created and the hash of that is also kept on blockchain. So the data is secure, which cannot be manipulated by anyone in between, and that is what is used for verification purpose by the regulators to ensure that the data is full proof. Does it answer your question Harpreet? Yes, thank you. Any other question from anyone? So all the data entry, is the data rendered or is there an IoT integration, anything like that? At this point of time, we are not using IoT database. Yeah, okay, we are not using the IoT system at this point of time. It just the data entry done at the source and it's these players who are doing the data entry, these small players and IoT system may not work efficiently here. It may be expensive too, because they are small aggregators, small players. So everything is happens manually. Thank you. Any other question from anyone? Okay, so I'll spend some more time on the solution in the next slide. Before that, I would like to talk about the benefits of the solution, the potential impact. So here, using the solution, we are doing a end to end test and there's a transparency to all the relevant stakeholders. And the main benefit is that we are bringing smaller players in a formal sector. Using which basically accounting becomes much better, much more efficient and regularity compliances are also achieved. That is from the disability point of view, reducing the frauds and bringing the entire ecosystem in a formal sector. But same time, we are also giving opportunity to smaller players to get the due wages or due earning of their work done. In terms of right now, currently what is happening, the only few players which are large players are taking the benefit of all the ways collected by smaller players. And the smaller players are simply collecting and giving it to the big players and big players are creating a waste credit and selling those waste credit to the producers. So more than 95% of the sector even does not know about this. They are simply doing the work. So here, we are targeting that they should get their due earning out of this. And we are opening not only that market within India, we're talking about making the market a competitive market in such a way that the producers, there's a competition. And because this from compliance point of view, everybody needs these waste credits and if there's no competition currently, the prices are less. So if when there's a competition, because if we're bringing everything in a formal way, in that case, the prices would be higher and the smaller players will get the better prices. Not only in India, we are talking about taking this in the global market. And currently, there's a big difference in the price of waste credits or the plastic rates or metal credits sold in India and in the global market. There's a difference of 10, 20 times. So we are targeting that Indian players should have an option to sell their waste credits in the global market and get the higher price. So as part of the solution, the potential impact would be that there will be opportunity for higher price. And in a platform which is where smaller players can also onboard and create the ecosystem will reduce frauds with the higher compliances. That's the benefit we're talking about. Yeah, let me go a little bit more detail or in a different way about the solution. But before that, this is my last slide, I guess. Yeah, this is my last slide. Any question before this? Any other question from anyone? So for every metric ton of past Q recycling, how do you calculate the tokens? How many tokens get generated? Okay, so here it's, we are not converting the waste credits into a carbon token. Because like plastic credit itself is a sort of token one unit measurement. So one ton of plastic is equivalent to one plastic token or one plastic credit. Okay, so we don't need to convert that plastic credit into a carbon token like in other areas. So here conversion is not needed. The only thing what we need is the kind of waste which is being recycled and the amount and one ton is equal to one waste credit or for a particular type of waste. Okay, but this shows about polygon integration for generating carbon tokens. Oh, sorry. This is okay. I'm using the wrong word here. It's a waste credit because I use the word carbon credit for better understanding, but actually it's a waste credit. It's not a carbon credit. So these are the new tokens you create, not the existing, not integrating any of the existing carbon credit forms. No, no, no, no, no, no. So currently in this particular platform, we are not integrating any existing carbon tokens. What we are talking about only the waste credits or waste tokens which are being generated. And the difference of beauty here is this solution in our viewpoint gives a different thing. There are solutions which provides disability. There are solutions which provide trading of carbon tokens. But here, we're talking about creating an end-to-end solution. And as part of this end-to-end solution, we are giving a proof point to the waste token buyers. That's the token what they're buying. That they can verify, authenticate how genuine that token is. And so that there's no challenge in compliances. And that's why we are talking about taking it to the global level, not only within a country. And that's why, and for this particular solution which has been approved and authorized by IFSCA, which is an international financial regulatory body. So we are working with them right now for validation of the solution with the customers. Thank you. Yeah. Okay. So as part of the solution, there are two parts here. One is one part is related to traceability where the waste recycling is done and also EPR certificate is created. That is on the left side that the certificate is created. And for that certificate, we create a waste token. And that it does, it creates a token automatically, which can be put on a marketplace for sales. So that buyers can buy those waste tokens and use those tokens from compliance point of view. And regulators are also onboarded here because whenever those tokens are offsetted from compliance point of view, at that time we need to retire those tokens. So the process here in this traceability part, which you're doing till the certificate generation process is done on a permission blockchain, which is a hyperledger fabric. We are using fabric for that where all the data is recorded. When we are talking about waste tokens, the tokens are generated on a public blockchain. As of now, we are using two different blockchain network, polygon and algorithms. And we are targeting it to give flexibility and the option to have to use multiple blockchain networks. And that's why I mean, it's a hybrid solution which you've created. It's not only permission to private, it's not only public, so it's a combination of both. That's a hybrid blockchain we are using here, which starts from waste metal traceability till carbon token retirement. And the entire ecosystem comes on board. So these are two different solutions but integrated together. It's one single platform but connected with each other. So this is the solution. And let me see what kind of question we have around, not much time, five minutes, but we can discuss. Thank you for that presentation. I'm wondering, can you talk a little bit about adoption and what the barriers, what the challenges have been to get the marketplace to kind of accept blockchain driven tokenization for waste credits, for example, how are you experiencing that? Okay, so we have done a pilot with one on the traceability side with one customer. That part we have seen and we have faced challenges from adoption point of view. The challenge is mainly onboarding different players because if you talk about waste aggregator or recycler. These are small players and onboarding them is a big challenge. So technology is not a challenge at this point of time so far, but main challenge is onboarding them. That's one. On the other side, I think what we are doing currently under IFSE under this regularity sandbox is trying to find out what kind of regularity challenges, regularity challenges we are going to face. The solution that we have designed is in such a way that they should not be any challenge and the challenge could be two kind of challenges. One is related to token because suppose we are using a public blockchain, in that case, ultimately crypto token comes in picture and especially in India, the challenge is there from using crypto token point of view. But we have found a way and we are convinced them that we will not be doing anything, any transaction related to token and it will be done in a different way. That's one kind of challenge. The other kind of challenge which we are anticipating that because currently there's no regulations around that whether we can sell our tokens in the global market. And when we are doing that when any foreign buyer comes on board, when they buy tokens, currently there's no regulation. And at that time, what kind of challenges we are going to face, we are not sure but that is what we are anticipating that a challenge can be there. And that is what exactly, that is exactly why we are working with IFSCA because they want to see what would be the impact and what can be done in that area and related to that if they have to create new regulations. So, at option point of view, the major challenge is yes, bringing on board of so many players. Second is regular challenges, that is what I would say, I would say at this point of time. Thank you. Naresh, out of curiosity, how much, what is the cost of one plastic token if you buy in the market today, one plastic credit? In India, it is getting sold in the range of $10. In the global market, it's between $200 to $800. Oh, so you're saying global market is $800? $200 to $800. And in India, it's $10. Oh, interesting. Okay, thank you. And that is that is why we are talking about working in this fashion that we should have enough competition. They should, the people who are working in this space, they should get their due. And that because this will help in bringing more players in the ecosystem. And also, this will help ultimately in reducing the carbon footprints. And this, this can help us in achieving a sustainable goals, mainly 12 number, which is a ensure we are ensuring that water products. They are producing or consuming. They are sustainable in nature. That's the main goal of your targeting here. But same time, number 14, which is more for ocean and marine resources, because a lot of plastic goes into ocean. And that will impact that as well. So that is it from my side. I can take more questions. I'm open. If you have anything else. I'm just looking I'm not seeing any hands raised. No rush I really appreciate this presentation I think you're in a really interesting space. It's early days, but I feel like there's a lot of a lot of opportunity there and I think that you've obviously done a lot of good work in developing the solution that you're developing. So I'm looking forward to following your progress. And perhaps we could circle back, you know, sometime next year and kind of hear about some of the, you know, successful, successful use cases. So, I just, I guess, wrap up. I don't see any, any hands. Is there anything in the rest that you'd like to sharing in closing. I would love to thank everyone. Thank you for joining this session. In fact, some of the people in fact interacted and asked questions it's important that we understand what what is our responsibility. At the same time, technology is very powerful and we can use this technology to make an impact. But it's a long journey. It's not a simple. It's just to say, but it's a long journey is going to take a good amount of work and a long time to make an impact. But yes, this is definitely an interesting space I can say that. I appreciate that it is a long journey. We've been, we've been kind of talking about it and working on different things for quite a long time and a lot of pieces needed to come together in the space as a whole but it's to do you know the energy and sustained effort of everybody involved that we move things forward so yeah I really that's a really great note to close on. It's a marathon, not a sprint. Well thank you again, Arash for joining us. Thank you all for joining us this morning. There will be a recording that we'll put up on the webpage of the meeting and looking forward to seeing you all in two weeks. Same time. Yeah, thank you Sherwood and thank you everyone. Thank you David. Yeah, thank you. Thanks everyone. Thanks everybody.