 All right, thanks a lot for your guys attending and thanks for Sønke and the organisers to having me here Now I'm gonna switch gears a little bit also actually I had a question for the for the last speaker because you see that I'm a little bit of a different scientist and I do think that these Opportunities that the blockchain or distributed ledger technologies can bear fruition for scientists and I think it's also a little bit different like in my country Unfortunately as a scientist, especially in applied scientists where you have to make things right? We need money from governments from investors and so on so we actually cannot Position ourselves as pure academics at least not if you need money to pay people or you know if you just work on your own desk Then then it's a different situation So I partnered with a couple of companies actually as an academic to create like or make a first step is by no means to be Complete into using digital ledger technologies for research and technology Development and at the core of this is this is actually a matter of trust right when we connect the real world real events in the Real world to the trusted blockchain There is there's a gap in trust and how can we handle that and how can we make that into a business model? So I initiated a project with these partners So Akasha who actually met at one of the last events that Sunke organized a Dublin based User experience company who is very successful very successful startup. They have like 50 people working on user interfaces My home university is Dublin City University, and I'm the director of a frowned of a project center at this university So the project termed DLT for RTD is about disruptive blockchain based crowd sourcing Instrument to similarly improve quality and speed of complex multi disciplinary research and technology development initiatives Supposed to be a game-changing business model based on and that's very important to understand competitive Paralyzation I'll explain that a little bit later for leveraging so for untapped best-in-class Competencies skills and facilities for the benefits of economy and societies and the partners are already listed They're all in Ireland because the funding is to some extent from Ireland So we unfortunately couldn't include any any non domestic partners So how does a normal linear let's say research and technology development run? I did many of them raised millions of money for that You have an initiator an idea. You have a proposal business plan. You have funding investment Work packages where you have have our hands and brains Or depending on the type of research infrastructure and equipment and Then you need to validate your results That's often overlooked and that's a key factor here and then to exploit them either through licensing them So if you generate patents or some know-how To do to produce something or as we all do publish and then essentially get a reputation That's usually what researchers do and this is the chain that we go through The problem is we usually do that with a static team, right? And that has practical confinements whatever for this project. It's also a project I had to go only for Irish partners because my Investors only wanted to see Irish partners, but I'm sure and they're very few Irish people in here actually myself I'm the only one probably So there's much more intelligence skills and facilities out there to do that if you really want to do this in an optimum way So classical RTD projects have major drawbacks in the sense they focus on in the house consortium based or into institutionalized RTD teams, right? This is the legacy essentially economy of RTD So that confines idea generation it limits quality and speed of project delivery It lacks credibility due to subjective bias validation. We often validate ourselves more or less Right, which is typically something you want to avoid in an objective process You have lengthy negotiations with partners on remuneration confidentiality IP and exploitation Right, so these are the major drawbacks. So what is our disruptive approach? So we want to do a highly efficient delivery of RTD projects requiring highly multidisciplinary Expertise so I work in life science engineering, which is kind of like a worst case thing, you know, where the Kind of the difficulties of biology meet the precision of engineering and the culture clash and so on that you have and You need a wide range of technical resources. So I have bio labs. I have engineering labs. I have a certain Fluidic testing labs and some other engineering disciplines electronics engineering, right? So there's nobody also myself I don't hold all the competences in these fields To leverage that for assembly enhancing the quality speed credibility flexibility costs and risk space and knowledge management in these projects by crypto economically incentivizing paralyzed global crowdsourcing of Competence skills infrastructure and equipment for contributing work ideas resources ideas is also very essential Validation arbitration, right? If there's conflicts and so on you need mechanisms to resolve that if somebody wants to be paid for something You know, there's always a potential conflict administration contracting and marketing in sales all that could be leverage essentially through fairly implemented blockchain technologies and That in a real project to run that around a lean core team So the key success sources are trusted oracles, you know How do we evaluate or rank outcomes of complex RTD tasks to burst expert crowd in an objectivized fashion? Let's say I put out a proposal Please help me on that computer simulation you carry that one out You know and either you or me or we both are bad guys or ladies, right? And whatever you deliver something that's that I find crap and is objectively crap But you still want your money and vice versa you submit something to me That's excellent an outcome or you make a little thing that I need and I just And then I just say it's crap or still use it or or just and and don't give you the money, right? That's if you have like a monetary kind of Reward system, then there's always a conflict how to assess it fairly, right? Second thing is a fair distribution of incentives. So you need a simple transparent illegally sound agreements, right? So we are talking about experts, right? So this is not like minimum wage Amazon mechanical Turk or whatever that's called The kind of stuff we're talking about paying people like a hundred euro or several hundred euro an hour positive potentially, right? So if that leads to legal Issues, you know and and solicitors and so on are involved. You don't really want to do that, right? that would kind of kill your efficiency and You need like optional barrier-free interfacing with real-world fiat currencies because if you involve people and that's Concession essentially to the real world a lot of your suppliers will not work with Cryptocurrency because they need to pay their bills in real currencies, right? There there their employees will not accept Bitcoin, right? So we need to implement Mechanism that people can optionally whatever want their cryptocurrency, whatever we do there or Get real-world currencies, which is essentially like a financial management problem It we need wide acceptance and that's certainly still a weakness I think of all our projects including mine in the expert communities So for this in this project we we create what we try to create success stories in real-world Research and technology development projects. We want to create convenient user interfaces and flexible customization and targeted marketing And of course proper Project management, right? So we have multi-parties and we have like a pilot project running there So we will bring in our our expertise in really defining what outcomes are expected from the various participants And how then to evaluate these outcomes in a fair Process and then also offer a communication platform because sometimes in actors different players Whatever a computer simulator and an experimental person need to get to some degree together Even if they never met before on this platform So these mechanisms will be provided and tested then of course the disruptive approach is then we have Competitive parallelization of work for speed and quality. So you have a single objective You have a work package in your project. It's you try to define as well as possible What is expected to be delivered now? There's still some ambiguity on that one So we will implement like gaming staking betting based mechanisms for trust like so if you for example I mean like like let's say in the initial scenario in the genesis, right? Everybody would have like a reputation zero Let's say that will be a good starting point and how to decide who would kind of be Contracted for delivering a certain amount of work, right? And you can do that like say if I want to get that work packages if I was an external one I would say I give you whatever one Bitcoin or a thousand dollars Because I will make sure that this will be delivered properly and if I don't do that I lose the money if I win There's a certain factor that I get two thousand in addition to the rewards that was set out to deliver this project And and then that way you could kind of bet on your own Success of delivering these well-defined work packages and each work packages will then in this parallel approach Of course be outsourced to different entities, right ideally independent entities So several people carry out the same project now the point is The real world is the following if I want to like if I have a linear traditional research project That's what I do day in day out, right? I need to I have a certain task Especially if it's highly disciplinary I usually have to employ them for the project and the duty takes me one or two years until these people are up to speed Right each of these employees cost me a hundred thousand dollars a year or euros or whatever with all the side costs and so on Right, so two years will be two hundred thousand euro, right? I bet I would know people I could flexibly support like like colleagues from the scientific community who just can do that in a month Right if I pay them let's say ten thousand euro months and ask three of them to do that It cost me thirty thousand euro Right and I'm there after one month because they all work in parallel. So time Also speed is king and even the cost even if I very generously reward them for their delivery, right? I'm much much quicker right and The good thing is if I have three people working in parallel kind of they intrinsically evaluate each other Right, so some of them Let's say you are you have to to reach if you have a diagnostic measurement For example, you have to reach a certain limit of detection, right? I will see what they're doing and and who gets the best limit of detection for whatever detecting diabetes or Cancer or something like that. So that's essentially Engraved into how we run these projects So this is then done for incentivization of global crowd sourcing So heavily on the blockchain We don't need to to nationally confine that so people can contribute their best in class Expertise time and facilities for real money that they can use for for doing other stuff in their research and Then to participate in a fair validation assessment and arbitration process So on the one hand if you have three people working in parallel They kind of automatically self evaluate between each other you have a comparison and then if that is not enough You can also ask them or others to independently validate what has been done The cryptonomic enablers are smart legal contracts that manage bullet in a bulletproof way the Intentivization so the remuneration staking in IP royalties and company Co-authorship the application and charity interestingly enough one of the major investors is is a law firm in Ireland, right? So we don't really have these this blockchain crowd We have that kind of through the back doors through Akasha But the real investor and that's a real problem How do how do you bulletproof the legal agreements that they would hold in the real court because we're talking about? Significant monies that are going to be transferred in these things in a scientific project. Of course you can also essentially In code in smart contacts co-authorship reputation charity and so on that can all be done And again, we have to help of a legal team doing this then of course as many projects We have a timestamp unforgeable immutable ledger as a lockbook for know-how and IP That's very good. Actually. We're using that already to some extent in my lab and then you have optional anonymity Also tapping into what has been said before maybe the assessors of their colleagues don't want to be Mentioned right like in name because you don't want to meet them at the next conference like that and then they tell you why did you Like like assess me so so poorly and so on you know, and I'm your friend and so on to so to get rid of that We of course have to the anonymity of blockchain So the elements are the crowdsourcing of technical elements and resources like brains Competencies hand skills and labor computing software infrastructure equipment materials Processes and bio samples clinical samples and so on that's usually what plays a big role All of this plays a big role in the in the highly interdisciplinary research I'm I'm carrying out in my my everyday job essentially and then there's of course There's a complex management where also the blockchain Technologies can play a good role in business administration smart and fast contracts data storage, you know confidential data Sharing these data. We have seen a couple of mechanisms I've learned actually a lot during this the conference so far on this what I could use competitive Paralyzation of work as I said remuneration reputation staking Conflict resolution. We also have certain elements in our project How this can be done and there are mechanisms out there on the blockchain anonymity intellectual property locked on a timestamp on ledger communication marketing and scales So the enablers for involvement the wide community is I mean you might ask yourself what can I do right so I created a Technology platform in my field and I would encourage others and as a follow-up to do that to define standards Interfaces and procedures. How do you run experiments and so on that is going to be openly shared It's kind of like a white book right so others will know what to do and they don't have to start at ground zero You give them essentially the rest is the cooking recipes for doing certain things and you just have to do it We involve fab lab based prototyping and manufacturers So nowadays with 3d printing fab labs and so on a lot of people can be involved even for doing things not only for coding Right. These are all out there I think MIT has won several universities have that where you either have free access or very cheap access Just to create a couple of things you might need for these these research projects a Software for design simulation and data. They're very interesting cloud sourcing models and so on where that can be nowadays done And and it doesn't cost a fortune anymore as it still does in some of the software platforms So people can really get involved test and development kids for example using the Arduino platform You know for electronics development something very cheaply bought on the net so people can really do participate You don't need a nuclear Research center or so to do this you can do that pretty much on the project that we conceive for being run here at home And and validation tools, of course, so you need to be able to assess what you're doing and characterize it and quantify it We have a financial model and and commercialization So we will define a certain currency That's already in the make with with our partners from Akasha and need for a leader and workers to sell bills and Salaries in in regular fiat currency I mentioned that already provision of stable currency at least as option for remuneration Like so research centers if they give you some research equipment and so on they need real currency to be in Reimbursed I cannot talk them into accepting Cryptocurrency transaction fees tokens ITOs ICOs these models have been discussed and commercial Exploitation will be that these two companies that we are partnering will will create a designated spin-out company to essentially Exploit these the tool that they're creating the software tool that they will then install at Companies that are interested in that and then licensing customization and full enterprise software will be the second step So there will be real-world projects that we establish as a first case So so we kind of test bet this year in Defined project that we can then use as a success story to demonstrate essentially successful involvement of workers Bulletproofing of smart contracts So we really issue this and then we have several stages where we kind of release them to the public starting from internal testing to full public issuing after a couple of rounds of improvement user interfaces To create the first success stories for marketing exemplary projects we implemented and one of them is the so-called lab on a disk Right, which is an open platform essentially. That's how we conceive it where you have something like a looking like a CD player Running little disc which are kind of advanced little diagnostic test strips, you know, they use for diabetes or Testing, okay, I don't have much more time Ten oh, yeah, okay But Q&A is also yeah, okay, and then of course the outreach is important I mean, this is all worth nothing right if if only the internal team Is gonna only use it right so so I will use my contacts in the field To to to increase essentially the involvement of communities. I'm already talking to several stakeholders I'm trying to run sessions at at least the conference as I'm attending and sometimes co-organizing So project partners of the project where it's called DLT for RTD. We'll take that over Workers and suppliers Right need to be involved so those I mean we don't want to do all these jobs Ourselves even sometimes we could in these pilot projects We really want others to do this to see how it collaborates how what we need to coordinate all this crowd sourcing in this competitive paralyzation model Funders investors of course need to be involved You know that they know that this is a good way our platform essentially to to to launch Very efficiently like new startups or new ideas and and converts them into reality and and successes as a forum for stakeholders Organizations like UNESCO EU and I say that's a Irish kind of standardization Organization they have actually a blockchain chapter where I'm a member of you know So it is important to then spread the news blockchain for science. So that's why I'm here You know to interact with you guys Who are more coming from the the blockchain side company suppliers experts considering blockchain as a business model to involve them through consulting services and so on Important is that we're also in a new age where a lot of things come together, right? So blockchain isn't the only thing and I think there's great opportunity for example for making things It's different than 20 years ago people as I said have 3d printers have certain opportunities can lease access To local shops workshops and so on to get involved in a much more active way than they used to be Artificial intelligence. I think you covered that it's very evident whatever Self-generating layouts of computer chips of our let's say little lap on a disk or lap on a chip systems here I'm working on that actually myself independently Internet of things as we've seen all these systems need data. We usually have a lot of Physical data images locations and so on but Biodata is not as common because we all like usually that takes more or less taking a blood sample a saliva sample a teardrop sample Urine sample and that needs to be measured on site and our technology essentially develops these decentralized point of use point of care testing for health for the environment for food for for Industrial processes and so on so this this this will the project itself kind of will will supply if you will Like a sensor that can be used by people to on a massive scale Then provide this data and the internet of things and then feeding these AI systems Big data technologies in that sense cloud spate it resources enormous Outreach to even the general public in terms of computing like currently I pay about 15,000 euro a year for the computer resources that I need to to to to to run the science in my lab This is now available for maybe a hundred euro and months on a massively paralyzed cloud-based Super computing systems and so on that you don't need to be subscribed to as an institution even privately crowd funding Of course is a mechanism e-held is a very big topic. I could give you another lecture on this year Redistributed manufacturing so a lot of companies a good friend of mine is involved in that Works in that how to kind of democratize Fabrication production of things and so on also for tax reasons That's often required for political reasons and the society a lot of people we a lot of us will run out of work Right, we probably will not have enough time to to give permanent employment of 40 hours a week or whatever it's in Germany for doing that so That will be a thing that people can still get involved Maybe run this as a hobby as a side job and so on if it can be done, especially From a non institutionalized Work facility home office or so this is computing in the simplest case or a fab lab environment So coming close to an end the opportunity of this project is a similar enhancement of quality speed credibility flexibility and cost of complex research and technology development Projects for highly efficient exploitation There's a lot of challenges these trusted oracles right the concept of paralyzed a competitive Paralyzation and needs to be further developed here that that is something that that we really have to test bad Essentially in the course of the project the awareness and acceptance of the crypto economy and formation of critical mass in the research community Again, there were former talks which outlined the skepticism even though I have much more positive feedback Then I noticed a little bit in the previous talks of volatility of cryptocurrencies It's of course for a lot of people a problem user expert convenience and availability of a web platform Again, we have a designated partner who has done that day in the out for the last couple of years very successfully as a company in other contexts but also in context of blockchain and Individual elements of this product may well be represented as a standalone or outside the crypto economy, of course That's a common problem. So in summary We have an objective The software platform so that every of complex research product by novel DLT based software platform So that's essentially our product That's the the corporate partners want to then commercialize in the follow-up of this project the main issues that trust at The real-world interface, so how do you assess real-world outcomes of physical measurement and so on in a fair way To trigger reimbursement to people The solution or the proposed solution is the cryptic economically incentivized competitive fertilization of this research and validation through best-in-class global crowd sourcing Right and always have several people working on problems at the same time and the enablers are staking batting and Reputation schemes and the synergies with other disruptive technologies. Thank you very much questions, sorry, I missed most of your Presentation I just came late, but You are a research institution. Is that correct? And you're in collaboration with large companies or small companies whatever companies and commercializing this right if I were a company who has bio data to be put on a platform or as you advertise Would there be any conflict? with other partners of yours Or is this something that you're offering to the world to partner with you? Given a certain set of biological data in an exclusive way Yeah, there's different approaches like I mean I had like this is a like like Mostly going to hopefully going to be funded by by the companies that I work with but what I also have a remit from the funding agency who gives like a third of the money, right and in this year what the objective is to create a software platform using Blockchain-based technologies and in various aspects, right the comp we mature that Technology through running a pilot RTD project right to test bet it and and and really Test all the crowdsourcing and then this platform is kind of the business model the software platform that you can use for all kinds of different projects and The company would then not just sell the software. It's more like an SAP or so that would always have to customize The software the legal contracts and so on towards what what what the company who buys that software Really wants to do so if they have a data privacy ownership issue that needs to be solved Maybe also in including some technologies we have seen before, you know, but this particular project I'm not saying that's the only option It's just to create a software tool that will be like maybe like an SAP kind of improved That's what I'm trying to get at actually because if I'm talking to SAP I would be able to exclusively use their technology to put on my bio data And that would be on an exclusive basis. So the question is The companies you're working with you're not working with with these companies as investors or on an exclusive basis but this is something for the kind of Public let's say public in terms of other companies such as mine to plug in and use I mean the idea would be you have an idea completely different like you want to whatever create a new Test tool for cancer, which I do by the way. Yes. I do. That's why and then the idea would be Can you like the point why you would buy this software right not any bio data? That's all your stuff right you would buy this software because you you want to have an efficient technology to crowd Source all this so instead of employing a hundred people Maybe just employ ten people and outsource most of this year and and therefore get a Huge quality and speed enhancement compared to you know But now we would configure this to your needs whatever you need on data privacy data ownership And so on that that that would be all configurable So you would be willing to sign an undisclosure agreement and not talk about the data that I have I want to put it onto the blockchain And and one could do that in confidence without any other commercial partner of yours knowing about it Yeah, but I mean rather than you could whatever the ocean protocol or what we talked here You know, could that could then be whatever added on to this package? Well, that's fine That's what I want to know. Yeah, but you are basically free to act and collaborate with whomever you want Yes, of course. Okay. That's my question. Thanks for answering