 figure out the incentive structure about whether we can compensate people who create paid views with people who have media rights and how that all works and I think one of the things that came out was performance which is that the blockchain world is not an Instagram scale which means if all of Instagram is monetized it's on blockchain in about two seconds the blow up and but the question then becomes how do we do that we talked about layering different things maybe the title will be in the Bitcoin blockchain side change for the next layer and then the actual wall records will be in slightly maybe still decentralized but more efficient to mention media chain we mentioned big chain TV as a potential approach building a topic technology I'm sure that would come up but the idea here is that if we want to seriously think about views media on the blockchain we have to deal with like you know instead of thinking about media as like oh if you don't have the rights that you cannot access the file that smells of DRM let's read about incentive you participate in this value network you're getting new audience for the thing you're getting people to engage with this media and you're getting advertisers or you paying money then you participate in this value chain you're Robert Downey Jr. and then you have your IMN mask on you have a photo someone sees it you should get paid when someone is like huh that's really funny how do we get people to incentivize them by participating by declaring the rights and do no transaction to build this rights that were but in return money flows back through those channels those relationship and allowed you to do that and I think that another thing is how do you get this valuable media so we talked a number of different use cases and some of which you described where the idea would be to obey rather than trying to incentivize by hunting someone down and that so when you were talking about some of the aspects of the artwork itself there's a lot of wonderful artists out there that are doing interesting work those artists should be paying for that and sometimes there's things we consider maybe a mashup and if you wanted to put that within the contract that way everyone could benefit from piece of artwork so example where you have an actor who's character or you have a well-known character that might have had an interesting flair on it and if it's in keeping with those of the particular company's desires then there's really no reason why the artists couldn't be rewarded for that while also continue to have good actors and the benefits of the IT that a company might want to enforce so what what sorry are you starting a new session I am okay first do we have any questions about about that one any questions about the descriptions we're talking about for asset management rewarding the behaviors okay thank you so so my name is Stephanie and our group really talked about the legal questions that blockchain raises so we began by kind of putting our thoughts into two fields which I thought was was a very good way to kind of begin thinking about the questions that arise and so we had how do we integrate the legal framework that we have now into a blockchain and how do we how do we how do we validate in and to bring it into the system and then the other was how do we think of things like DOA and new organizations that people watching has enabled and created so so one example that we did talk about was the Vermont Vermont ruling here that's evidence evidence statute that was I was basically saying that information with within the Bitcoin system could be used in the Vermont court so even if Bitcoin were to to falter it would still be legally recognized the information within the Bitcoin system yes so very quickly a couple of other things were other speakers asked in the beginning of bad legal issues but one of them related to land and title and so there was some conversation of different projects that are happening now for blockchain to either trigger possibly through automated contract things like closings or on board notarizations for industries and so forth there's some other conversations around that the other thing was around just how should the law well actually another one was of the law itself is a primitive like statutes and ranks and so could we have the statute version on a blockchain as opposed to having to go to Westlaw or Lexis Nexus under uniform electronic legal materials act for example so those are some of the we had a lot of topics it was good everybody glad but not yet because first we have questions does anybody have any questions no oh one question just one so situation that if you get the facts just in a verbal format or checkbox almost a survey that their contract is your also is your question also would it would have executed in itself so right I mean intuitively I would I would say definitely yes I don't know exactly how the framework was so what are the next steps for this talk about new field of law I for one welcome our robotic judge okay thank you thank you okay so our group talked about expressing intellectual property on the blockchain so I think it's good to understand kind of where this is coming from most of the people at our table were pissed off that artists keep getting screwed over so so let me let me phrase that a bit more delicate there's this tension between artists feeding their families people creating intellectual property feeling feeding their families and the cultural commons there's this general interest in the decentralized expression of intellectual property one of the really nice things that blockchains enable is they allow large egos to work together so these large organizations that hold intellectual property rights it enables them to kind of have a level playing field that they can work together as many people know this has been tried many many times over people have tried to attend tried to do this many times over the last several decades so what's changed a number of people have said that there's a shifting economic incentive here so the existence of YouTube and the algorithmic detection of intellectual property is changing the way some of these larger licensing bodies think do you make this thing happen someone said you know invent as little as possible try to back on top of the system that exists right now and the system that exists now is called d-dex and plus so it works for movies or sorry it works for music and photographs the quality stuff basically maps this stuff to generalized ontology for expression one of the upsides here is that it has a really nice feedback loop for artists artists right now are completely disengaged from who's looking at their content when how much they should be getting paid and this would have not enabled that loop to kind of be close so people get more direct feedback on the things that they create finally we have this discussion around you know the right to be forgotten and especially you know the right for certain intellectual property rights to be forgotten there was a discussion around you know putting pressure on centralized systems so how does the European Union do right to be forgotten they go primarily after the organizations providing mass access to the data they don't try and delete everything so you know you can't really delete everything on the blockchain but you can control who gets to see the things that are supposed to be forgotten about right so yeah it was it was a good good conversation we didn't quite get to the point on how we make the whole thing happen but it's definitely a step in a positive direction so what are the next steps keep focusing on the quality stuff that seemed to be the stuff that was you know further stout in front and kind of see where that goes any other questions so the first next step is investigating with the genetic sensors something called secondly developing a grammar for expressing APIs for interacting with devices so that the devices can be clear now the next step was looking this is more from me so sorry for the bias but I wanted to use case not this is an IRD use case on the blockchain but you begin to see intersections of IRD use case with great finance and think about shipment of course similarly her participation in it was what it means for devices to be in a shared economy and autonomous themselves what does it mean to those situations similar to other and also there's just a lot of talk about yeah I put this on the chain but the question becomes like what is that actual physical information on the blockchain and I don't know it's specifically answered but you know is that a hash and certain data and then what is that okay great thank you any questions so I don't know what you were referring to but the device is in everybody clap okay so we were a combination of archival science looking specifically about linkages or archival bond to physical assets as well as logical representations I'm sorry really quick you put that in like five okay so we're looking at linkages on the blockchain let's let's just go with linkages on the blockchain between blockchain and other data stores so in reflecting on that was cases so we were looking at ledger acts and commodities and we were also looking at student record he made real estate so all of those were record keeping problems where you locked change to a physical asset so the problem of linkages we recognize is a big problem but we didn't necessarily have solutions for that because we don't necessarily have the mechanisms for persistent yet perhaps the standards like even the W3C auto ontology can point the direction to that participants ask well you know what what's different about record keeping with the blockchain and so we talked about that in comparison to databases and basically the idea is that the mechanism for authenticating is separate from the actual object itself which is different databases are usually combined together collected on that a little bit and the fact that because record keeping on the blockchain is different than other record keeping standards for record keeping systems on the blockchain would allow us to be confident that the blockchain record system uses proof of a degree for example we talked about different models of data models for record keeping so in particular we talked about that with real estate so you can have this idea that the hashed record that the asset representation of the asset is for off-chain so that was mentioned earlier off-chain representation you could also have the asset actually represented by attributes which are hashed and put on chain so the physical asset is actually on-chain as opposed to off-chain and then you can have actual smart contracts where the asset having been tokenized the private key is moved about various transactions so transactions of the asset are on chain as well so next steps you want next steps or next steps okay next steps well we that we move towards this idea that we need to work on this idea of persistent linkages we didn't know really how we think standards could possibly point in the direction and I think that there's some sense some of us that a standardized approach could be useful and also that these are socio-technical systems so that the institutions of laws have to co-evolve with the technologies. So I have a question you said that there are these existing communities out there basically looking at this study-wise works of pragmatic entities that are actually in charge of these things. If you think that those discuss these things, if you're at a workshop or a high base community is together. Well I can't speak for all communities but the community trust would definitely be interested in fact one of the things that I'd like to do is. Any other questions? Supply chain is the last one it's quite a large problem actually if you look at it if a car manufacturer would have an auction to get supply parts P1 with some P1 which can be supplied by S1, S2, S3 and P1 could become price ref parts P1, 1. So that's one way of the ordering process where the procurement and some level of auctioning processes in between and finally going down to the actual part and the thing that gets produced and that has to be shipped back and this particular case and again one of the key themes we wanted to focus on the second aspect of it where you know the origin of the part its provenance and its flow through how could that be managed in such an area you know the parts getting combined into the logistics more and start to get shipped and it would take on the cross-border teams and begin to you know take on the entire shipment piece and logistics and this is where we also introduced the IOD concept where the block could manage its identity or the original part could have its identity that would be traced across back and forth and the two origins would be known how does that get manufactured and all of that could be in a central place and that gets replicated across some level of blockchain type of course and you can trace that back through its composition could come through into a container like shipment where you would have smart containers with industry management all facilitated through a smart contract running across a blockchain going to the LC financing set pick themes where the shipping from one side to the other side could be managed over a cross-border non-correspondent banking payment system which would utilize the similar smart sensors and smart IOTs on the other side that could check and make sure that the entire chain is managed appropriately and finally make the payments so that's the dream team that we talked about on the next step side we really have to break it down into some of the pieces some of the IOT centric API centric teams could come in handy in terms of standardizing that some of the parts centric teams could come in handy and a standardization on the shipping side could come in handy to be able to make that happen and its connection into the banking cross-border financing centric teams and the regulations and standardization it's a very large problem but I do believe pieces of that can be taken in so that's on the supply chain. Any questions? Blockchain, Primitives, APIs? I don't know but I would like to be fresh for that topic and sort of urge that. Is anybody here who's poetry about that? Disappointed, not able to attend. Wendy? I wonder do we have some people who are here today who won't be here tomorrow or people who are going to be leaving early tomorrow and want to make sure that subjects that they're interested in are addressed that they're able to participate in those discussions. What changed the bits that could be standardized in five minutes? Good morning. We've got Samsung Internet, etc. Minesh, we've got IPFS project, etc. Juan, we've got Rest Jason based standardized blockchain receipts. We've got interchanges between consensus and application state, enabling programming languages, Ethan from Bigtable, smart signatures, smarter signatures, building the infrastructure of future decentralized web and colleague, that's it. So that's way more than would have fit in a normal session. I'm gonna ask that anybody doing a thing tomorrow let us know how much minimally you need for your talk. If you can talk to me and Daza, if we can do a lighting talk in three minutes, that's better. If you need the full five minutes, that's fine. So we're gonna kind of mix this in kitchen sink. Here's what I'm gonna propose. I'm gonna propose, so right now it is four o'clock. I'm gonna propose that we go on 15 minute break.