 Karen. Can you guys check that it's on YouTube? Yep, it is. It is, all right. I can turn this off then. Otherwise, I get this loop where you hear me hearing them, hearing everyone. So we're live on, on, on. So should I kick off the proceedings? And well, you're on penny pay. Wow. All right. So are you going to, are you gonna share the presentation or should I? Which would you, which would you prefer? I can be, I can be, I can be the controller of the, of the presentation. If you wish, if that helps. Let me slideshow that. And I think we can do around Robin. We've got lots of good people here, right? So I'm going to share the screen. And there you are. Does that work? Can you all see that? Yes. I can see it. All right. Excellent. Well, thank you everybody for turning up today. This is the first drumroll, first Asia-Pacific time zone, a capital market, that special interest group. And I'm very excited that we have Bippin here who's going, who's the chair. And we also have Karen. Maybe I'll say a few words about them first, right? So Bippin is the chair of the capital market, special interest group. He's also the chair, I believe of the identity working group. I've been, ever since the beginning of Hyperledger, Bippin has always been here. So he was at some of the first meeting, I believe, right? Of the first kind of public meeting of Hyperledger back in the end of 2015, 2016. Every single global event, I always see Bippin with his trademark hat. So Bippin is an expert. And I think we can say that in capital markets, has a, I think, 30 plus year career. He worked, I think he joined originally with BNP. He bought BNP who joined Hyperledger with Bippin. He now has his own company at BLT.nyc. He also is, you may not, if you've ever read an interesting Forbes article, he is a contributor to Forbes and he writes some very interesting material on that. But really, I have to thank Bippin for his contribution into the community, right? Very much a leader. He's led this since 2018, I think. And I think maybe even 2016, 2017, the identity working group. So Bippin's gonna go through a presentation today. Take us through where we are with the SIG, where we have been, where we are, where we wanna go to and the kind of call action to people getting involved and there's a lot of material there. Also, I'd like to mention Karen, who is part of the Hyperledger staff. She is our director for ecosystems globally. She's also very much the fabric, like no pun intended, within Hyperledger. And she is also taking on a role very much in the Capital Markets era, CVDCs, a lot of what we do, CVDCs. She's the lead within Hyperledger and is doing some very interesting work in kind of open source world in CVDCs. So thank you, Karen. And both of you, I really appreciate you getting up because I know in New York, it's about 10 or 11 at night now. So we really, really appreciate that. I need to say a few housekeeping things first. This is a Linux Foundation meeting. So we are under open trust policy. Please look at the website if you wanna know more about open trust policy. Also, everyone's welcome. So we wanna make sure we do have rules of engagement for everyone. We very much believe in diversity, diversity, more diverse at the stronger art community. So please do the normal things, be civil, be inclusive in these meetings, just standard stuff, right? So those are the two housekeeping things that I'm now going to, I think, pass. Okay, and I'm the VP for Hyperledger for Asia Pacific. Yeah, I was gonna say, I was gonna say, Julie, and you gotta introduce yourself. Exactly. You're like me to do that. You could do that if you want, but I think I could say that I'm just, I think, yeah, I'm here in Hong Kong, I'm the VP for Hyperledger, and yes. Julian really is a leader of our community in APAC, is tireless and helping support our community in the APAC region and really ready to help anyone who wants to get started in the Hyperledger community, connect to the Hyperledger community, his team that's based in Hong Kong and Korea and China as well, space local languages. So we're really here and ready to support this community and bring more of the capital markets content to this region that we have happening at Hyperledger. So Julian is certainly a force in doing that. Thank you, Karen. Thank you very, very much. And I love the view out the back of your window. My fake window, yes. You have a great view, that's a great apartment there in New York with that view and is that Manhattan or Brooklyn? That's Brooklyn, isn't it? It's a bridge to Brooklyn, yeah. Although I am actually in Brooklyn and I look at Manhattan, so. And our first member summit and I think where I met Bippin was in Brooklyn at the meeting. Yeah, yeah, that's right. We had five years ago at Hyperledger, okay? So now I'm gonna pass over to Bippin. So Bippin, please take it from here. I think how many people do we, we have a good group here. Do we wanna do, do you wanna organize a quick introduction of everyone in the group or shall we just go straight into the content? And how do you wanna do that, Bippin? Yeah, I mean, if there, I don't know the number of participants. Usually it's difficult when there are more than 10 or 15, it gets to be lengthy in terms of introductions. So maybe everyone could just put that in there, in there, in the chat, can people just introduce themselves and then if we have time later, we'll go to individual people. Indeed. So first, I would like to thank Karen for being the point of contact of the Hyperledger Capital Markets SIG. So I would ask her to say something about, you know, what is a SIG, a special interest group and in the structure of, you know, these groups under Hyperledger is very important because, so please, Karen. Okay, yeah, thanks, Bippin. That's a great idea to level set a little bit. So we have a number of different groups at Hyperledger Foundation. Some of them center along different industries like our special interest groups like Capital Markets, but we have many others that are all open for anyone to participate and join in. Just like you are here today, you are welcome to join and the meetings and participate in any of the other groups at Hyperledger as well. We have trade finance, applied chain, climate action, public sector, et cetera. You can find information about all these other groups on our website and also on our Wiki as well. Our Wiki is where our groups kind of do the work and engage. So afterwards, Bippin will share the meeting notes and recording of this meeting on the Wiki for the Capital Markets SIG. We also have other groups at Hyperledger working groups. So these are a little bit more technical in nature. They focus on the architecture of Hyperledger technologies or some key technical topics like the identity one that Bippin also chairs. And then we also have broader groups that align along different languages or regions. So we have an India chapter, Latino America chapter, and then beyond that many, many meetups worldwide. What makes our special interest groups, for lack of a better word, special, is this is really where we're coming together globally, anyone across the world who's interested in this industry and the topics under this industry can come together to share your use cases, talk about what you're building or what your challenges are and what you're building or your successes, obviously. That's another thing that we want to hear about is how has using Hyperledger technologies worked for you and how can you share your lessons learned with the rest of the community. So that's really what our special interest groups are all about. So this is the home for Capital Markets and kind of more generally some of the just financial services discussions that happen at Hyperledger. We are, obviously we have people who have been in this community for a long time, but it doesn't matter whether you've been here for five minutes or for five years, you're welcome and we value your participation and your input into what you're seeing happening in the DLT and blockchain space along the lines of this industry. Thank you, Karen. So we are just going to do a sort of an overview of what the Capital Markets thing is which Karen already alluded to. The other parts are why should we get involved? You know, this is obviously a viewpoint from my perspective, but obviously different people have different motivations. Then we go into the resources that we have and how people can engage with Capital Markets, with Hyperledger, with the Linux Foundation and so on. And to give a flavor of what we talk about from topics from last year, then just a indication of the roadmap. Then, you know, I've said Q and A, but it could be people from this group saying what they would want to do in Capital Markets. So the first thing I have to say is we decided that we split the calls between New York time, you know, between New York, US, Europe, friendly time and APAC friendly time because there's a lot of activity happening in APAC in Capital Markets and it would be a pity if we missed engaging with APAC on Capital Markets. Julian, could you go to the next slide, which, you know, obviously just talks about the same thing that Karen talked about, which is Capital Markets represents industry professionals. So it's like a big tent, Capital Markets is a big tent because it contains, as you can see from the next slide, that it, you know, as Julian takes us to the next slide, you can see that it's a way to connect investors and borrowers for long-term provision of capital. So basically it is how you use your hard-earned money or, you know, a company's hard-earned money to invest in others productive uses. Speculation, of course, enters the picture, but, you know, this is mostly about how as a society, we can leverage capital to productive use. And, of course, it is the intersection of this big tent with blockchains and in particular the Hyperledger Projects-based blockchains that we are here to talk about. Julian, could you go to the next slide? So why should you get involved? This is my, you know, my, you know, why should you get involved? This is my viewpoint, discover, you know, like-minded people have some kind of a network and keep up with the space. This is a very important reason why you should get involved. So because the space is so vast and always changing lots of new ideas, lots of new products, lots of new projects coming up. So it's very difficult to keep track of all this. So if you get involved in capital market sig, you can get, you know, a broader view of the market. Third thing is to give back, which means basically to contribute. And in contributing, you also learn because when you're actually doing stuff, either making a presentation, writing a paper or actually creating a project in labs and taking it forward, you become aware of nuances, Julian's favorite word, nuances, you know, because you're not going to just say, you know, stay at the top level. If you want to stay at the top level, that's okay. So let's now go to the next slide and see what our resources are, which are basically regular calls. And that is a link that will take you to the list of all the meetings that we had last year and even this one. The other one is a Wiki page that is a main landing page of the capital market sig. The main landing page will take you to every other page. And obviously it is within the hyperledger it's housed within the hyperledger wiki itself, which is on a higher level and you can travel the wiki to go to different, to the different sigs, different working groups and so on. Rocket Chat, we have tried to go to other platforms but we are still in Rocket Chat. It's for discussions, mostly technical, asking questions, getting answers in an asynchronous manner. And email list of the capital markets group is also another place where you can ask questions and if people know the answer, they'll get back to you. Then we go in slightly more deeper into the project space, which is we have about 11 different projects going from taking, talking about taxonomy, talking about regulation, talking about standards. Usually you go to another page or tokenization and now I have actually started a conversation about NFTs, people may say, what is the relationship of NFT to capital markets? You can say that NFTs are the initial sort of assets that were sold because they are unique and when people invested in those, then they were able to reap the benefits of somebody else's work, which is one of the criteria for how we test which is how you distinguish between a security and a non-security, which we have been going through this during the ICO years. But anyway, that's projects. Then you have the subgroups, we've started two subgroups. One is the insurance subgroup and the other is the mortgage subgroup, which is started just recently and they have their own meetings and they are dealing with a subset of our capital markets which are mortgages and as you know mortgages are highly complex, dead capital market instruments and the discussion in that subgroup is mostly related to mortgages and that subgroup will have a separate meeting schedule right now since the principles are in the chair and so on are in California, they have a meeting schedule, the next meeting is scheduled to be on Thursday and you can look at the calendar and get on that meeting. I don't know how easy it is for a person in Hong Kong or a person in Hong Kong or a person in Australia or far east or in China to get on that because it's going to be not at a good time. And this is the reason why we moved this meeting, we split it and made one of them APAC friendly. The last item is labs which is actually more on the technical side so like Karen said the working groups are more technical but many of the SIGs have created technical solutions that are rooted in their silo but at the same time are something practical like for example money who's on the call and myself we created a CBDC called eTaller which is the code is there in the labs and it can be used by anyone because it's open source and it's under the Apache license so what happened there is that eTaller was used by the climate SIG to implement a totally different token. So the reuse of any resource that you contribute also takes it into another dimension and this is the beauty of open source. Can you go to the next slide? So from last year we had several topics you can see there CBDC Karen is the go-to person for CBDC in Hyperledger then you have financial market infrastructure tokenization, debt capital markets regulation, standards and institutionalization so if you look at the 26 or so meetings that we have had it covers all of these topics so anybody who's interested can actually go back to those meetings and listen to them and some of them are extremely relevant today and we are actually keeping up with the latest developments in DeFi in automated market making and so on because these new ways of doing things utilize familiar like Julian says they are the similar things that have existed before but in new form so obviously the knowledge and the expertise that has been gained when dealing with regular capital markets can be used to analyze and to look at DeFi and to make it how does DeFi become more institutionalized? That was a talk we had from Bancorp Mark Richardson, Bancorp was one of the first DeFi and they don't want to be in the wild west they want to widen the aperture make it more acceptable and adaptable in the world now that we have gone through these I would be eager to hear from the participants and from Julian or others about the path that we are taking and how we can keep moving forward Do you want to discuss that now or do you want to go back to that? Yeah, we can discuss that or we can go to the next topic you seem to have added some more stuff there or is it in the next slide? I saw the... No, this is the... Yeah, we already covered that, right? Yeah, we already covered most of this I mean, we could dive into any particular topic here but I think it is more useful to talk about what is in it for the participants in the APAC region and who is going to lead some of those calls who is going to be the collaborators the people who are going to contribute that might be a useful discussion to have and you know, Julian, you have your fingers in all of these different projects that are happening there you should be able to tell us more or maybe the ways to throw it open to the people who are participating on the call Okay, so I think that was a great overview and I think Biffin and me discussed before there was so much... we don't need to reinvent many wheels there's a lot of stuff there already a lot of great material and we have in the Wiki there's a bunch of information already there so maybe what we can do maybe is if anyone wants to speak out of any of the projects I know some people have approached me already about some of the things they would like to involve maybe we can go a little bit around the table do you think that Biffin would that be good and maybe a few people talk about what they're doing and they're interested in capital markets you don't have to say or maybe just put your hand up if you want to put your hand up or I can quite cruelly pick people out so... Tell us what brought you here today Yeah, so yeah, let's do that so maybe we'll start with... maybe David I know that you're very... I've talked to have a few chats with David about the subject there so maybe Dave do you want to talk about who you are and your interest? So yeah, so I'm David Broke-Pancis I'm head of the small consultancy and I think we really look at crypto and crypto regulations being applied so there must have been this point about the majority of people that I work with and engage with and chat with they really want to work in a sector which is a certainty with institutions so there's a big thing as well so I've said to you about regulations about the laws, what we can do what we can't do and also to try and make sure that the marketplace that they operate within whether it's in the pictorial derivative space whether it's in the spot, the clearing exchanged by gaming is actually free from bad actors and how to make sure that their counterpart is and can be trusted and give that trust to the clients what really brought me here today and has brought me to Julian's door and to Griffin's door is how can I help? Very much that whilst there is a lot going on already and I'm 20 years in banking 25 years in law what I also have in mindful is that what we don't want is the old world to be taken over the new world and all we're doing is repeating what we're doing in traditional financing and therefore then it's going to exclude some of the really innovative technologies and the innovative people that are out there as well so for me financial inclusion and not just about people already got a bank account or institutions are already into this can continue to do it but how can we bring it about to make it a better applications for the world and for other people who so far maybe have not really had the advantages of traditional banking but really can leverage some of these technologies so sorry because there's a bit of a monologue there but that's fine here I really want to help and work with some really diverse thinkers globally Thank you David and we've had good conversations about that me and David really about the world that we have this crypto kind of stablecoin CVDC world and then we have the traditional world as well so how's that all going to work and things like ISDA standards are those going to apply it's a very interesting world and actually David we did explore maybe as a group maybe write a paper about the position of global markets at the very highest level what are the opportunities what are the challenges rather than I believe in NFTs or I believe in one area what's the holistic and how's that going to apply from the traditional world to the non-traditional world we have today and how are those two going to merge it's not binary between the two it's a we live in a very interesting times so thank you David maybe I'll pass it over to someone like Emil do you want to say a few words Emil you're in Pennies Bay in quarantine you say right now because of the situation so I got stuck here for almost a week now I can go home next week and stay there close to you yes we are neighbors Julian and me like Julian just said I'm interested in looking into the convergence of how the new world and the old world merged so I was a banker and I worked in the bank industry for more than 25 years so I was the head of IT and operations for a bank called Bayern-Russia Landesbank from Germany and I'm now an adjunct professor teaching EMBA particularly fintech so I'm here one of the major reason is to look for how to make good use of financial inclusion and ESG to transform the traditional financial system to the new one to me the Southeast Asia is actually a big sandbox for the new system to trial there are much lesser rejection or interested party that we can perhaps extend the CBDC system that China is China but I have to say like the project called BAGCON of Cambodia may be a very good example for the rest of Southeast Asia so once it is established I think Asia will be a new world particularly there are so many people and the AI engine and the ESG solutions can be realized much faster than the developed country so that's my point of view interesting you say you bring up BAGCON because that was our first presentation of 2021 where the creators of BAGCON came on to the Hyperledger and they gave a presentation in fact you can go to that presentation and they talk about not only the general structure of BAGCON but they also talk about the architecture and so on so it's even Makoto Takamiya who is actually the CEO of Soramitsu was on the call beautiful actually Daniel and I is working in a project we are an IMD strategic partner for a project called Fufa Adventures so we actually have projects in Cambodia so we will be very interested to see whether we can make good use of these kind of initial projects to provide some actual use case so that we can go further so perhaps Julian you might ask Daniel to elaborate more yeah so maybe I'll move to yes I'm unaware of that I'm happy to connect you with Soramitsu and all the work they're doing there that would be wonderful so say good bye to Daniel oh right I'm really a novice in capital market or in hyperledger but we have like Emile said we are in a way, we also both volunteer for one of the couple of professional body in Hong Kong the consortium Emile chairs the fintech committee whereas I chair the research committee so in my spare time I'm actually I do write a lot of papers one of them that will be soon to be released together with a small report though it's with KBMG so I actually spoke about the wider use of blockchain obviously in different contexts but I think I'm learning obviously the digital currency in terms of on emerging markets and the unbank one of the real business case that we know of and Emile and I are working with a host is the a parallel business so there's a lot of and in Cambodia we all know that one of the big problem is actually payroll and one of the real cases is they used to have to arm the life guard sorry not my body guards when it's time for to do payroll and then you need life body guards to really give them the money for the workers and this is this and a lot of money actually go right back to whatever commitment obligations or loans that they have so anyway so I think I think the countries like Cambodia where there are real use cases from the buy side and sell side so you know I mean whoever is actually the firms they actually want to see they have real use cases that can use the digital currency so this is where I'm coming in but on the other hand I'm very interested on the on the hyperledger fabric side on with pinch proposal on the NFT because I am a founder and CEO of an art tech company but I'm not so much interested in the speculative purchase of this very speculative market right now in terms of NFTs but I'm looking at from technology how it can be actually applied for financial inclusion to unbank and equitable income for artists yeah so there you go. And how would one get involved in that project right so I have the project is going to be proposed as a lab and it is actually linked to from our projects page which is actually which if you when you look at the slides that we shared the projects page has a link but I'm eager to hear from people like Karen. We'll go on now to Karen. So you've got pans up. So Karen's next right? Hi Julian. We met at Hong Kong think tech week and during the venue I think digital asset the company that we're for we presented like two use cases one of them is using both hyperledger fabric and also hyperledger best suit so it's and also I think Daniel that's also project with tokenization of retail green bond so hit a few of the spots so among all the list so starting from that project I think among the list of the topics and subgroups from digital asset or enterprise blockchain point of view I think would be very interesting to speak about or learn from everyone about tokenization I think in the group that I saw saw like that wishes and also sorry and I'm a chef from market and I think a lot of companies are driving the tokenization and the standardization of that and also ISO standards so that's when pushing for real implementation what the industry will be moving into and of course how what you mentioned about how enterprise world and also DeFi connected we're working on a project with Goldman Sachs potentially expanding to this area so all this I think we will be very interesting speaking about and also to learn of course to drive as a group and to see whether there could be further standardization excellent excellent so I loved your presentation right with the green bonds is obviously very great one some great case studies from digital assets so I think at some point I'd love you or somebody with digital to share that with the group right because I think those are great areas right and our probability between those have letter of every and that's you exactly it's very very cool definitely we'll have to have that right thank you thank you thank you Karen and then I think I'm time wise and like next to Kamlesh yeah hi quickly I'm following we've been in the climate market for a long time and whenever I see the interesting topic I join the topics interested we are testing I can't hear you so well can you new product solution in a market and there are some kind of tokenization and also some tokenization on the this green bonds again a carbon credit kind of thing also I quite the financial services in India and talk to the banks and even RBI sometimes to CBT second friend so this is a good to market and we've been actually put lots of trending details in the capital market alright thanks by the way Kamlesh is famous for Kamlesh is on our technical steering committee he's our core heart and call he's voted on to our technical steering committee right so he's very key is also co-chair of our Indian chapter so I think we had a few sound problems there Kamlesh we didn't hear exactly what you were talking about but I think what you're talking about I know the work that snapper are doing around you know things like tokenization of things that happening in India we're all very interested I think to find out exactly what the RBI is doing in terms of CVDC so that's that's of interest and definitely you're right I think those are some of the subject areas so maybe Saeed do you want to talk next our famous fintech person here in Hong Kong thanks Julian not so famous just trying to do something for the community nice to meet everybody I'm Mushi Ahmed the founder of Finstay Asia we're a venture builder and a strategy consulting firm I'm one of the co-founders of the fintech association Hong Kong which was started in 2017 also led the association as its inaugural general manager my interest is I come from the capital markets world prior to being with the association I was a trader the futures world for nine years and also work with grace park partners who specialize in capital markets consulting that's where I got exposure to blockchain actually with their reporter blockchain and capital markets in 2015 so that's where my engagement has been great topics looking forward to contributing I do think there is a lot of progress that's going to happen in the coming years especially the next two years where traditional finance will overlap with decentralized finance in the metaverse and other places it'll be very interesting on how we can incorporate blockchain and bring in traditional plays with things like staking and other things I also believe this year we will see the move from the speculative element of NFT which has been art and music largely but more so art into a real world where we can assign real world assets to NFTs and be used in capital markets so I look forward to contributing to that alright thanks you Al we have a great knowledge base here right thank you Mishia that was a look thank you and maybe I'll move to San Tanu next from Mindtree one of our members in India hi everybody so thanks Julian so quickly just to run and it was an interesting discussion and ideally I'm glad to like you know be here and listen to this so a quick you know I want to share that Mindtree this year in 2022 it's going to invest heavily for the blockchain practice so these are some of the mega trends which we are interested to you know go ahead and you know invest go along with the hyper ledger wherever so why I'm showing this I see a lot many interest within the team in the audience to go ahead and start do some you know some POCs or building up something to for the go to market for the clients of the customers so we are open to work along with whatever the you know the topics or whether it is the digital identity or it's a wave 3.0 or CBDC or threat finance in FD and I hear for the crypto NFT even for the digital health passport which we recently launched based on this digital identity thing and we are working with Evenim for this so we are happy to you know go for the joint partnership for any of the any of the topic which is mentioned here so that's all from my end and also I'm eager to you know join we've been we interacted along before probably in 2019 I remember for some of the topics but for some reason I you know dropped and engaged within this back to organization thing but we are ready back to contribute to lead some of these ideas as well going forward thank you thank you Santani and we've had the discussion me and him about you know about all the great work that they're doing and I think actually there's an interest to contribute right and be very much involved in the open source community right that's a great advocate advocate for it so thank you it'll be great to get your input into the digital identity piece because the situation in any when you make any any sort of you know solution is that you have to bring together all these different things in order to make it work even in the capital markets situation you need identity you need tokenization you need payment rails you need FMI so no solution stands by itself anyway instead of talking I think we can listen to Varun so next Varun please yes yeah hello everybody this is Varun here am I already here? yeah so this is my one of the newer resolution to make like-minded people and I think you can mention that you know you meet a lot of like-minded people so I think this is a great start for my 2022 so I'm primarily a blockchain consultant working with the Malaysian Tech where we are actually building a security token platform you know for capital markets digital fundraising platform so my idea to join this meeting today was to understand what's the hyper ledger roadmap for security tokens tokenization thing right because very niche area very regulated stuff so what I've seen so far is security tokens in capital market generally use public blockchains I think I just wanted to also understand what is hyper ledger doing in that space so I think quite interesting I see a lot of stalwarts of blockchain in this group so I'm pretty sure that I think the learning curve will be very steep and also I think another area of interest is ESG I think a lot of traction is there I think Karen also really mentioned that so that is one of the aspect we are also looking at on how do you help companies to realize their ESG goals right in terms of green bonds or any other sustainability kind of API link bonds so that is another area of interest for me to understand what hyper ledger is doing that and again this is my first meeting with hyper ledger I've always been you know writing the post on LinkedIn never got a chance to you know join the meeting so I think I look forward to you know contributing wherever I can in terms of you know my expertise in you know security token space and of course learn from the wisdoms of all the you know leaders in this space thank you all right are you in KL I was supposed to be in KL but thanks to COVID back in India Bangalore yeah Excellent so thank you yes I think you know security tokens will be wonderful and we look forward to your expertise as well right the sharing that so thank you and as we say everyone is welcome next I think I have no more hands up I may choose one or two people right Nelson do you want to say hello Nelson from Oracle Hi Julian so hello everyone I'm Nelson worked with Julian for years okay and actually I start this topic with Julian and learn from him a lot last month when we have lunch together in fact we are also hearing quite a lot of projects around Asia regarding to the NFT where the retailers want to keep the record of the owners of the products in NFT in motors in also like jewelry industries at the same time we also hearing some request from different countries the central bank looking for the advice I think some of them are not implementing yet but still like looking for advice like those in Indonesia and other countries looking for advice how they can implement this at the moment so we want to hear and learn from the expert in the call to like also understand the trends and all the market size so that's the purpose for joining this community thank you thank you Nelson and shall I pick on and market node do you want to quickly say something yeah hi can you hear me we can hear you clearly yes I'm from market node we are based in Singapore market node essentially is a JV by SGX and Tomasi currently we are embarking into the fixed income space trying to provide a digital portrait services to the market we are very new in hyper ledger so we are looking forward to learning from everyone here and see what lessons we can receive for our debt and also contribute back to the community thanks market node is great so I think that's a great initiative right great JV so I'm looking forward to hearing more from you and thank you for attending today anyone else want to speak or Angel or Dabash you don't have to I don't need to enforce it so you can just Dabash do you want to say hello yeah hi so I am my colleague we work for market node alright yes I lead the delivery and the child practice for market node and I think we are choosing hyper ledger as a fabric we are looking forward to learning and right now we are grappling with some really basic questions like where to get talent we want to hire there are things that we are looking for and it's a rare commodity in the market so we are grappling with some very very basic questions right now and I think both of us we are looking forward to this forum to see how you can give us pointers where to look for talent where to build our so glad to be with everyone excellent thank you and I think that speaks to something apart from the yes the problem about success is you know demand supply right so yeah we definitely this is a place for talent but I think fifthman talked about actually we talked earlier about the fact that you have best kind of standards for deploying just the basic deploying hyper ledger fabric all these kind of things that the more kind of nuts and bolts specifics to the capital market space do you want to talk to that miffin yeah I mean if you look in the labs hyper ledger labs there are some projects that are um targeted towards operationalizing hyper ledger fabric so if you are interested in in those yeah either you go to those labs and it's you know they are very powerful because they wrap everything and you're able to quickly bring up networks bring them down do tuning you know all that stuff so I mean I have been using them extensively so I know I know something about them in another project you know and there were guys here I don't see money anymore but he's a little stalwart he's done a lot of work not so much in the fabric space but you know he's created his own it's almost like a complete financial market infrastructure post trade settlement custody everything so you need to think about all those things you can't you know most of the guys who do this releasing ICOs and so on they do not think about what happens later they use the public infrastructure like Ethereum but you need to be able to manage the asset through its entire life cycle which is much more difficult than you think especially upgrading doing security analysis doing scaling performance and scaling like what happens if the network grows all of these things have to be looked at this is what I'm saying in the beginning people are afraid they think this is like boiling the ocean we need to only look at our whatever our solution is it needs all of these different aspects to be taken care of I mean you can take care of them using the tools that are already available which is the beauty the standards you have to adopt the ones that are there you shouldn't be reinventing this stuff and that is the key point you cannot get away from complexity you can handle complexity by looking at what other people have done and you can't run away from complexity because once you release a real solution into the world it is a wild you cannot you know you will be hit with all kinds of attacks you may have to protect yourself you have to prepare the ground before you even you know try to say oh all I have to do is follow the ERC-20 and have an ICO and become very rich and what do you call it retire to an island in the Pacific with waving coconut palms and sandy beaches so says somebody in New York in winter that is your aspiration at the moment no I am perfectly fine here I am perfectly fine here I am in the center of the world excellent excellent flipping on that obviously everyone contributes we cover all the way from the most business all the way down to the nuts and bolts of how to do it how we can share and get rid of that complexity and so standardize things so we don't reinvent wheels if we can Raymond do you want to say hello or Raymond or Angel or other Varun Angel Hi this is Angel based in Los Angeles and a mortgage subgroup cool you guys can find us and you guys are welcome to join everybody's welcome to join but I just wanted to share a little bit about our experience on the Hyperledger journey so I highly recommend that you go to the use cases out there there's a top one that I'm very familiar with it's called Fabcar Hyperledger Fabric has to do with auto assets I don't know if anybody's worked on that one in particular but we chose that one it's called Hyperledger Network it was two nodes 10 or 12 assets which were vehicles and there were some characteristics on those assets and so if you just think that if you just think about that use case from a generic standpoint they were auto assets but those could be mortgage assets those could be other security assets and so that really helped us learn how Hyperledger works how we communicate with each other and then we started to iterate on top of that so we were a mortgage professional so then we said hey we're not going to call this Fabcar anymore we're going to call this Fab Mortgage and so we changed instead of having autos Honda Black 86 we changed it to a mortgage $225,000 single family resident etc etc so we just started changing the characteristics and once we started adding our characteristics to that use case it became more real for us and more user and more functional and it was really inspiring it was a success not just setting up the local environment and setting up the Hyperledger and when we initialized when you see a network initialize for the first time and get created this is like the geek of me and it was like oh my god it worked you're right on top of that I just wanted to share that for what it's worth start small that helps you to understand the nuances, the details the intricacies, the complexities and then from there once you know that once you do it well manually then you can start to automate you can start to add new lives to it and that's what we did so now we actually have the POC that is a blockchain based multi-party for home equity lending or personal lending so we can take an application based on a UI we can take that data put it on chain, off chain we can call up their parties for appraisal, title and other information that we need to be able to underwrite that phone we can then use smart contracts to determine whether we got the data whether it meets our underwriting criteria and we can automate you know we started in August it feels it feels like it might have been two three years but in the making but if we look back in a short time we've iterated from a very basic use case that's available to the entire world for free on hyperledger and we now have a POC with the right lending partner and the right partner this can be a production in a few months all right thank you Angel that's great great great information and just to reiterate you are a subgroup right we have two subgroups right one is insurance and mortgage right yes Angel is the fearless leader of the mortgage subgroup excellent so mortgages obviously and securitization of mortgages is I was talking many of the financial crises have appeared because of the lack of transparency anyway mortgages are great so that's great to hear I think we're coming to the top of the hour right we are already there and past it but if people want to keep going I don't think there are any meetings that are going to clash with us but you know not too long yeah so I think anyone else want to I think people are going to start dropping off now so I think that's the call today right so it's really just an introduction to the SIG how you could get involved right and it's a call to action so I think we're going to have other calls right anybody in this time zone who wants to know more get in touch with me let's see how we can contribute how you can get involved it's a call to action right there's all the things that we're doing today already get involved in the mailing list and I think we're going to be doing a lot more there as well right so Biffin do you want to add any more to that nothing nothing more let's keep on carrying on thank you that was a great experience great group thank you all and keep safe take care bye