 All right, so thank you everyone for being here today. It's a great pleasure to have you here for PlutusFest and let me just take the next few minutes to tell you a little bit about the research that takes place at Blockchain Technology Laboratory here at Edinburgh University as well as the research we do at IOHK. So starting with the Blockchain Lab, it's a great team of more than 20 researchers, including Phil that you just heard from, as well as people working in all areas related to Blockchain Technology, focusing not only on aspects related to cryptography and programming but also aspects related to law and system design. So the lab was created in 2015 with the generous funding of IOHK and conducts research in all aspects of Blockchain Technology with also government funding. As you see EPSERC and the European Union Horizon 2020 is among the sponsors that we are doing research with. Moving on, the mission of the lab is to explore the fundamental open questions regarding the deployment of distributed ledgers and Blockchain Technology. And this is done following a rigorous discipline in all aspects. What we care about is doing foundational research that helps grow the whole area of Blockchain and distributed ledger systems. And moreover and quite importantly, what we care about is making that research publicly available so that not only ourselves but other researchers are able to use the results built upon them and create better distributed ledger technology that can be used by everyone. And finally, quite importantly, engage widely in the industry in implementing high-value applications that really make distributed ledger technology reach the potential that it aspires to have. So the Blockchain Technology Network was created at the University of Edinburgh but it's a wider network created with the support of Input Output HK. There is a Blockchain Technology Laboratory at the National and Capodistin University of Athens and one at Tokyo Tech and the teams working at these three institutions enjoy very close working relationship. Furthermore, there's a number of other embedded research that IOHK has funded and you can see there some of the universities where researchers right now funded by IOHK are conducting research in distributed ledgers and I just mentioned Lancaster University, University of Oxford, University of Cambridge, University of Illinois-Urbana-Champaign, Radbo University and Orhus University, all conducting research in different aspects of Blockchain Technology and supported by IOHK. So IOHK research is of course about the people and there's a great team that is very actively working on all the topics that you've heard about related distributed ledgers and of course Plutus and smart contracts. Just to give you something about the numbers, there are 33 researchers currently working at various levels. They're either part-time or full-time. They're either PSD students, post-Octovar researchers, research fellows as well as in-house researchers that are full-time with IOHK. Just on the last year in the period between 2017 and 2018 there were 21 papers published or co-authored by IOHK researchers and five papers published by research funded by IOHK as well as currently there are 20 papers under peer review currently submitted and still going through peer review. This is by far the highest number of any other research and development company in the Blockchain and Distributed Ledger space and all of them very actively engaging with the academic community as a whole, 24 lectures in the last year in academic venues. This is beyond meet-ups and other workshops that our team has participated in. Something that should not be understated here is the research excellence that we strive for. Our results have appeared at the very top conferences and venues in areas of cybersecurity, networks and cryptography and here is just some of the results that were published and are forming backbone of the technology that is used by IOHK. Just to mention a few of crypto 2017, Eurocrypt 2018, CCS 2018, Actively Security and Privacy 2019. These are the top conferences in cybersecurity and they were all venues that our research has appeared. So just to give you now a bit of a very quick overview of all the research themes that we undertake at IOHK research, consensus protocols needless to say is one of very important themes. The Uroboros protocols that we published in 2017 is one of the key components, the first probably Secure Proof of Stake protocol forming also the backbone of the Cardano Blockchain. Some of the ongoing very active research areas is scalability and a number of results have already been out in 2018 and there is more coming up in 2019. These are extensions of the Uroboros protocol. Uroboros hydrized the code name that we use for that protocol. Interoperability is another extremely important aspect that deals with how is it possible to transfer assets between distributed ledgers. This is work that we very actively did in 2019 and following up in 2019 with our sidechains for proof of stake work that soon is going to be public. Privacy, another very important aspect in the context of distributed ledgers. This is work that is building on the proof of stake protocol and Uroboros scriptinus is the code name for that. Now all these decentralized systems would not actually work if the right set of incentives is not in place and that's why a very fair amount of research is done to understand what are the incentives of the participants in these protocols and finally governance which deals with how is it possible for these protocols to advance evolve over time so that they meet the changing demands of a landscape that is constantly changing and is expected to do so in the lifetime of a distributed ledger system. So all this great if you want infrastructure research is really nothing if you cannot program it to do what it is supposed to do and that's why smart contracts is an extremely important dimension on that and that's why we are extremely pleased to have here Plutus Fest and share with you our research on this domain with Plutus and Marlowe. So thank you very much for being here today and without further ado I'm going to call on stage Charles Honskissen.