 Thank you. That's so good. Thank you. Good afternoon everybody here today. You're all very – you're all very welcome here. And this really – very good summer stay. And this really very – so it's great to see you all in here. This really very good summer stay. So it's great to see you all in here, which I think promises to me a very special occasion. which I think promises to me a very special occasion. which I think promises to me a very special occasion. Today particularly happy to welcome – today particularly happy to welcome – Niall Den roller and Joseph Thompson who are the co-founders of Asie bad eidech. Mae'n gwybod eich bod yn cynnig, eich meddwl i ymwng i'r parynnydd ar y Gweithgau 2006 yn Eriksons, chi'n gweithio. Wrth gwrs, mae'n gweithio'n gweithio yn y ddechrau'n ei ddweud, ond y company yn gweithio'n gweithio'n gweithio'n gweithio. Yn 2014, mae'n gweithio, mae'n gweithio'n gweithio i'r gweithio i'r gweithio'n gweithio, myfyd pan'r cyfnod yw'r cyfnod Cymru yn hynny'n cyfrifatio'r cyrnod cyransiol gyda Bitcoin. Ond yn ymdweud mae'r cyfrifatio, sy'n gweithio'r plaf yw'r cyfnod yn ymddangos ar y rhai cyfrifatio. Mae'n rhaid i'r cyfrifatio, mae'n rhaid i'n meddwl i'r cyfrifatio'r cyfrifatio'n gweithio'n gweithio i gael yng nghymru a'r cyfrifatio'n gweithio a'r cyfrifatio'n gweithio. Yn ymddangos cyfrifatio ymddangos yw yw yw... 17% – I think it was one of our t-shirts used to say, we were the best little country in the world but this was the first company in the world to provide assistance to government, international agencies like the UN, NGOs to deliver human and terian age using blockchain technology. But now I will give examples, which I think really caught the imagination of people where you can use blockchain to as identifiers and for access for Syrian refugees. Rydyn ni'n bod ddim yn fawr i gael eu bod yn ymdweud i ddechrau'r lleiwein yng Nghymru, ond mae'n gweithio'r ddweud i'r ddweud o'r Llyfrgell yn ei ddweud yr effaith yng Nghymru, a'r ddweud i'r ddweud o'r ddiweddau gyda'r ysgriliad o'r ddweud yng nghylch. Yn ei ddoedd yn ei ddweud o'r ddweud o'r cyfrifysgol, mae'n dweud o'r ffordd i'r gweithio'r ddweud i gael y gweithio sefydliad ac'r model ar y sector ond. ac mae ydy'n gweithio ychydig yw hwn oedd y byddai i gyd yn ymddangos i gyd yn y cerddur hwn. Fyddech chi'n gwneud yn y cerddur hwn yn y cerddur hwn, mae ddyn nhw'n gwneud yn ymddangos oedden nhw, mae'n ddechrau'n gweithio, mae'n ddweud â ymgaredd oherwydd mae'n gwneud yma, oherwydd mae'n gwneud, i ddonatio, i gweithio, i ddechrau'n gweld, i ddweithio i gweithio. that there is a transparency offered by blockchain and it gives a considerable potential to provide solutions to all these problems. But I said, blockchain was the first company in the world to do these kind of things in development aid, but I'd have to say and would be remiss for me to say this. I'm sure I don't know whether you are going to do it in your presentation or at your, but they have won an enormous amount of awards Mae'r ddweud yn Gwysig wedi gynnig gymryd i'w cyfrindoriaeth o'r F名 sorryllydd. Roedd yma i'r gwladio'r cyfrindoriaeth i £30, £100, £550 a 500. Mae'n gwladio yma awrtyn nhw'n gwych i'r cyfrindoriaeth yma. Mae ddiddordeb yn yn y gyfnod o bwrdd hefydau'r ffordd o'i dweud ei bawr, sydd ymddangos ym funktion gyda amser sefydig o'i gynnig. company again in the world to receive investment to governments from the Irish government to enterprise Ireland and the Singaporean government. So, I'm really looking forward to your story, Neil, and to hearing how things developed and what your view is for the future, and to Jo's contribution as well. So, thank you very much. Thank you very much. Great to be here. Myself and my co-founder Jo, Jo is the CEO of the company. I'm the CEO. So, what I'll do today is I'm going to take you on what I hope is an interesting journey. I'm going to talk about ATIC, what we do. I'm going to try and de-mistify what blockchain is. Thanks again to Neil for setting up the event today and the great intro there. Humboldt, honoured to be here. We've ticked another list and now we can say we're the first blockchain company. Are we to present in here? I have to say no. But the first in global development. First in global development. We'll take that and look. That's something we'll go with. But it's a pleasure to speak with you all. I'll take you on this journey. I'll de-mistify what blockchain is. But more importantly then, I'll try and give you some concrete, practical, tangible examples of what blockchain is, what it can do, how it can be deployed, how we've done it, what's the future of ATIC, where are we going. And then we'll open it up to questions. So, great to have your attention. So, what you see there on the slide is empowering through transparency. That's really the mission of ATIC. And if you look at the connected dots, as you see them there, we believe that with exponential technologies like blockchain, like cryptocurrency, like artificial intelligence, when you can harness those, it's a big lofty ambition of ours to bring the world together. And we believe that blockchain fulfills a lot of the trust that's missing between the different parties around the world. But the mission of the company, we are a company driven by a social mission, but we are for-profit. We're quite upfront about that. But the mission of the company is to bring social and financial inclusion to the undocumented, the underserved. We do that with blockchain technology and digital identity. And the reason that we do it is because every year, $4.4 trillion is lost or stolen because of fraud, corruption and a lack of transparency. Speaking with development, we spoke with Ban Ki-moon, the former section of the UN recently in New York. And he told us that every year, 30% of international aid does go missing, according to him, according to the OECD, OGA. And that's something really that we thought we can play a role in helping solve. And one person who agreed with us, as you mentioned, was Madame Christine Lagarde. And again, a lot of it is down to the great work of Joe, if you're in making the connections. But we did win a big award last year at the IMF in Washington, DC. Christine Lagarde, and to her right then, is a guy called James Wilfenson. And James is the former president of World Bank for nine years. He's brought a number of volumes about corruption, how to combat that. And in their eyes, in the eyes of Citibank and MasterCard, we are the number one company in the world using technology to fight corruption. That was an accolade that we got. We formed a very good partnership with Citibank and MasterCard. And we won their company of the year last year as well. But again, that ties in with the mission of the company, what we're trying to do, where we're going. Who we're working with. And I'll relate a little back to blockchain now very shortly. But the reason it happened really is down to my good friend and my co-founder Joe, the real inspiration behind ATECH. He gets a bit embarrassed anytime I try and talk about him like this, but it's the truth. And ATECH, as some of you may know already, it did happen almost by mistake. But it happened out of an experience that Joe had in the Moroccan desert in 2009. And he raised $122,000 for a charity in Africa for children suffering from facial dysfunction. But somebody contacted Joe after and said, can you tell me where the money went? Long story short, we weren't able to give them the transparency that they needed. Hence we thought if you can empower true transparency back to the tagline, back to the mission of ATECH, then we can make a dent and we can start attacking this. But it wasn't until later Joe thought about that. He'll tell you more about the story himself. But we thought that lingered for a while and we thought, look, could we use this technology and digital identity to make things like ATECH transparent? So if you think about the different verticals around there today, you've got clean tech, you've got health tech, you've got reg tech. We wanted to create a brand new industry and we wanted to call it ATECH to bring transparency to the delivery of ATECH. And we're very upfront about it. Part of the reason that we did this was a very famous venture capitalist who goes by the name of Peter Thiel from Silicon Valley says, if you want to do something big, try and create a monopoly and try and do something that hasn't been done before and create a brand new industry. So as a result of the experience that Joe had in the desert and we think that there's a bit of a growing trend right now at the moment that companies doing something in the social impact space up until now haven't been seemed to be really viable. But we think that's changing. We spoke about the third wave at lunchtime where we're now seeing startups. They're in the real world. They're doing real things. They're interacting with the world around us. Think Uber. Think Airbnb. It's physical tangible things like healthcare, like aid that you can touch. And we believe that the blockchain is a way to do that. But I'll come back to Joe and he can tell you a little bit more later on. But first of all then we thought it might be a good idea to tell you a little bit about blockchain if you're not familiar with that already. And the thing about blockchain is a lot of people think that blockchain is the missing piece of the internet. And the example that I would give is if you think about the internet today, what it's done with voice, with video and with data. Think YouTube, think Skype, think WhatsApp. It's democratized the movement of text. So if I want to send a message from here all the way to Australia, I can do that within a fraction of a second with a free app that could be WhatsApp on my phone. And the only thing that I need to pay for is a 3G internet connection on my phone. It could be a broadband connection at home. If I want to send video anywhere in the world I'm not reliant on a TV company like maybe CNN to do that. I can go to YouTube, I can put up my video, I can share that with the world. And if I want to make a phone call now over the internet I can do that with Skype. So I don't need a telco company although you might make the argument that they fulfill part of the role. But the only thing that really hasn't been democratized today has been the movement of value across the internet. And that's really where blockchain came in in 2008. So if you think about the movement of value today, it's typically things like banks, like middlemen, insurance companies, they would control a lot of the movement of value. But when Bitcoin came along, probably the most well-known example of blockchain out there, it really started to democratize the movement of value. And we weren't reliant on banks, we weren't reliant on financial institutions to send something from point A to point B. And again Joe met with these guys recently over in Geneva with somebody who thinks that blockchain is going to be very big is the World Economic Forum. And they think by the year 2027 blockchain is going to account for 10% of global GDP. That would be made up of things like cryptocurrencies that's made up through inefficiencies that will happen, maybe the removal of some inefficient processes that take place right now. But we believe that will be exceeded. But what is blockchain a good definition then is from the Bank of England. And the Bank of England would say that blockchain is a technology that allows people who don't know each other to trust a shared record of events. And the key word there, especially in relation to ATEC, is trust. So if you think about it then what it means is everybody can verify that something happened in real time, everybody can collaborate to ensure that that did happen. And what it looks like technically, and this is about as technical as I will get, is you've got a block, the block is connected to another block with this cryptographic chain. And on each chain then what you can do is you can store an event. And in the case of ATEC and in the case of a lot of people what they're doing is digital identity would be an example of an event that could be stored in the blockchain, it could be international aid, it could be remittances, it could be social welfare, and it could be donations. And what I'll do to back up this theory at the very start is I'll give you a practical, concrete, tangible examples of each one of these with the partners that we're working with and how we're solving them. But the key thing to remember here is that everything for us hinges on the idea of digital identity. So giving somebody an identity on the web that they can take with them, that they own the data, the data's portable, that really is the mission. And we think then that by doing that you're enabling people, you're giving them a data profile, a credit history, and they can go from being excluded to included. And one other final example would be if you think about blockchain here really, it's a shared ledger. So the ledger then is distributed to all the participants in the network, they would use their computer, they validate the transactions, and thus they remove the need for third parties in intermediate. One example would be here, this is one that I'd like to point out, is if you think about the financial crisis that we had back in 2008, a lot of people make the argument that blockchain and Bitcoin, et cetera, could have helped to avert that. And the reason that they make that argument is if you think about to take some of the examples of the biggest banks in the US at the time, if you believe that they were the cause of a lot of the problems. But if Bank of America, if Citibank, if Jake and Morgan, if they were able to view a shared ledger, and they knew who voted each other at what point in time, you can make the argument that we wouldn't have had this liquidity freeze up in credit crunch in the markets. So effectively they would have viewed the same ledger, and they can verify Citibank would have been able to say to Jake and Morgan, I know that you owe me 10 billion, I owe you 5, and they can do that, but instead what happened was everything froze up because nobody trusted each other. And if you go back to the key word that I mentioned about trust, that really trusted me, the key word that you think you have put in logic, trust is the key thing. So a bit of the background about ATech, and in the development context, we were very much driven by the sustainable development goals. I'm sure a lot of people here know what they are. 17 targets set in association with the United Nations. We're very focused on something, and everything that we do, we look at the technology roadmap, we look at the business roadmap, the ATech, we literally, and this is the truth, we use them as a guiding force for every single thing that we do. Joe mentioned at lunch we get companies every day that are coming to us, and can you do this, can you do that? And really if something doesn't align with the mission that we're on, and it doesn't conform to one of these, we effectively turn them away. You might think that's a silly thing to do, but we really are a mission driven company, and we would use this to guide the roadmap of the company. And if you're not sure what they are already, we always try and publicise them. And again, we must say that Joe, my co-founder, he was one of 10 people last year. He was named as the SDG pioneer for blockchain technology. When I played, he didn't mention he was up in a billboard in Times Square, next to the CEO of Total, and he either had his head put on M and M, so technically he hadn't liked it, so I think he meant it. The only one. So Joe was the SDG pioneer, so in the eyes of the UN, Joe was the man for blockchain technology. But have a look online. Basically what they are, they're a universal quality action to end poverty, to protect the planet, and to ensure that all people enjoy peace and prosperity. Big, lofty, ambitious goals. But we believe, as I mentioned, with the technology as it is today, things like blockchain can really make a dent in these, and it's our job to ensure that we live up to it. So a few of them then, to give you some context that we're really focused on, is target goal number three, which is to promote good health. What I'll do there, I'll show you a project that we're doing on the ground right now in Tanzania with the Dutch NGO, and we're delivering medical entitlements to pregnant women. Another one would be reducing the cost of remittances, which is a huge market in association with the United Nations Development Programme, and the other one then is to promote peace and justice, and we believe then that digital identity, and to give identity to everybody in the world by the year 2030, is one goal that we can help achieve with this technology, and we truly believe that blockchain is the thing that can bind all of these together. If you want to take that big path analogy of the chain, binding things together. It's not the only solution, it's part of the solution. It'll take working with people who've done this already. We know that we're really a tech company, that's the strength that we have. We don't have the program management logistical background that NGOs etc. have, so we know for us to achieve our mission, we need to partner with people like governments, with NGOs, charities, and we need to hold hands with them to form that strong chain. One goal again that we are really focused on is to target 16.9, and 16.9 is to bring legal identity to everybody in the world by the year 2030, and we believe that blockchain technology is the way to do that, because right now if you look at it, there are 2.4 billion people in the world today who lack any form of legal identity, and I think we heard something last week came out that there are now I believe 68 million people in the world with the latest figure, 3 million more than thought last, I think for refugee week last year, undocumented people in the world today in the form of migrants who have left, but there are a lot of people born around the world, like the women that I'll show you in the video very shortly, who haven't got any form of identity from day one, so we believe that we have the tool to bring identity to these people. That's Joe again, he is the SDG pioneer for blockchain technology, so he's quite famous in that space now, they invite him to events in New York, at the UN all the time, he's asked to speak, so he does a lot of the talking going around the world, but again what we do is, we use digital identity, and we deliver entitlements transparently and efficiently, and effectively we see that there are now 2.4 billion people, they haven't got any form of identity, and what it means is that they're excluded from services such as, but not limited to, remittances, welfare, aid, donations, a key when there is the ownership of data and another one is healthcare, but what we effectively do is we take real world entitlements, that can be welfare, that can be remittances, that can be aid, that can be donations, that can be healthcare, we think of blockchain, if you look at the image there, you've got the funnel in the middle, any of these can be tokenised, they can be digitised, and they can be converted into this digital asset, which can be moved from point A to point B to point C to point D to point D, and you can trace the movement of that data, I'll give you a very concrete tangible example soon of what we did in Lebanon, to how that's possible in the case of international aid, but in that case we took money, we turned it into a cryptographic asset, and again we put it on this ledger, and the thing to note then with blockchain and with the ledger is the ledger once entered to can only be appended to, so with blockchain you cannot change the structure of the ledger, and that's where the whole idea of the trust comes in. So to talk about the projects then, to give you some real world examples, in relation to one target then, 16.9, which is to bring identity to everybody in the world, one thing that we did was we partnered with the International Federation of the Red Cross in Geneva, and here you see Gabriel Pigtet from that institution, and what he's doing is creating and issuing digital identities on our platform, and in this project we did in Lebanon in 2015 you'll see Syrian refugees from the Akara refugee camp, and what they did here, there's Joe again, he's everywhere, the obtained goods from a supermarket in a completely transparent manner using that technology that you saw there, and that was the first time that blockchain technology had ever been used to deliver international aid. So what that meant is, if you are the Red Cross in Geneva, the International Federation, you give out aid to an aid worker on the ground, or if you want to go directly to the refugee in that case, with the movement of this digital asset, which can be sent from one person to another, that then is appended to the ledger, you can see that Gabriel, who is on the video there, sent a digital asset, cryptographic asset to one of the refugees in the video there, and then you can see that this asset was used to obtain a product from a supermarket in that completely transparent manner, so that effectively means if you are a government, like the Irish Government, and if you fund the Red Cross, if you fund another organisation, you can have permission to view the ledger, you may not see who the individual was, what their name was, but you will see that if money went in to the platform and it comes out at the other end, I can see what money was spent on, so I can see that it was used for the correct purpose. And the interesting thing we found out about there was that the data that's generated in the background is actually highly valuable, and the one thing that we were told by the Red Cross when they did that, they said, look, we were able to get real-time information about what was being consumed on the ground in a previously impossible, not impossible, but a very hard place to reach. So when the refugee crisis hit Europe back in 2015, we were told by them, look, we were able to contain our loads of goods out to people in places like Greece, we made the assumption about what they wanted, that could be water, that could be rice, that could be certain products, but what they found out was that people pretty much had a plentiful supply of things like rice and water, but had they had this data at the time, which they have now, and I'll talk about Tanzania very shortly in the healthcare context, they would have been able to make better decisions about what the money was spent on at the very start because they had data on the location in real-time, and again, back to the idea of what blockchain brings is trust, you can trust the data on the blockchain because it cannot be overridden, that's really the innovation. What we did was, the NGO was the Red Cross, they used the platform, they transferred it over the blockchain, it was received by the beneficiary and that could be in the form of a plastic card, that could be in a mobile app, they used that then at the point of sale, they got the information from the merchant and the record was stored in the blockchain and we did there with that pilot back in 2015, we distributed 10,000 worth of aid, we partnered with the local supermarket, we gave them each vouchers that had $20 worth of credit, so you could purchase anything that you wanted to the value of $20, it took about 10 minutes, you might have seen Jo on the video, again, training the cashiers, we clocked it at about 8 minutes to get everybody up and running in the system, that wasn't the early days, every voucher was redeemed, but the interesting thing that we found that we didn't really anticipate was that a lot of the refugees within hours we had people come in and they'd exact fake copies, replicas of the plastic card with the Red Cross logo, with a copied QR code, but when the merchant, the shopkeeper, scanned the QR code, it wasn't the same image of that individual, so when you scan with our technology an image appears, then you put in a pin code and what we effectively proved that was that we could stop fraud in that case, we're not claiming it's fraud proof, but that same shopkeeper told us about a project that he ran with a Scandinavian body beforehand and he said that the refugees when they came in, in the past, they were coming out fake paper copies of the vouchers, they had holograms on them, they had signatures and in one instance he gave out $6,000 worth of food to them and it should have been $1,500, so we proved that we could significantly reduce fraud at that stage using blockchain technology and that's really where it took off and even at that stage we didn't really know that identity was the big, big, I guess the killer application. Another one that we're doing right now is underground in Tanzania what we're doing there is we're using blockchain technology and the mission here is within target 3.2 it's to end preventable debts of newborns and to reduce neonatal mortality so the women there that you see she's one of the women from the project you have issued them with a plastic card with the QR code and what we're doing there is we're using the idea of a smart contract in the blockchain and what the clinic that we're working with is they've defined what should a pregnant woman do throughout the journey of the pregnancy there's prenatal care, there's postnatal care there's anti-natal care there's certain types of drugs that they should get like folic acid, mbendazol, etc all of them things are sent as entitlements to their identity so when they go to the clinic the midwife looks at the at what's happening he or she can see that they received the correct entitlements and the most interesting thing happened only recently and we're expecting the first baby to be born in the blockchain this week believe it or not and that baby will be linked to her mother's identity from day one but we found from the data that's being generated there now on the ground that that clinic where those women are receiving care they've been lacking iron tablets the hemoglobin machine for doing testing has been broken and a drug called mbendazol wasn't being dispensed when it should be so what happened really and I was in Amsterdam last week with them and the CEO of the company Monique was telling a guy from the World Bank this is revolutionary like this genuinely this is what she said and they issued a press release about its sense that we were able to tell that a remote clinic in a town called Kilwa five hours north of Dar es Salaam that it's lacking iron so they made a decision within three hours that we need to get iron tablets to the clinic and if you then think about the mission that we're on target 3.2 to reduce and prevent deaths of newborns we're not saying we're going to do that but we're a big part of the process of helping to do that by ensuring that they get the correct entitlements and if you contrast that then with the process that happened beforehand there was a paper based by Wukler written in Swahili that the doctor would physically mark with a pen and paper if they got their entitlements and that would be sent to a data processing centre Dar es Salaam and often times three months later after the event happened they would report on that but if you think about it the guy putting in the data often times it was strewn with errors so the information that they got there they couldn't rely on it to ensure that it is correct another thing that we're doing as well is a platform called Trace Donate and what this means is that if you in the room here as a donor want to trace where your donation is going what you can do is you can send that over the blockchain using identity and you can get a report back to see where your donation was spent what it was spent on, who spent it and what it is I'll show you the video in a second but that's the firm access project there but this is the platform so for example I select my organisation I want to support Syrian refugees I can see who they are I make a donation then and I can specify what type of digital asset would be spent to the women or the people it could be food, it could be medical kit I put in my CVC and our model then is we take fee on top of the donation amount we want to ensure that 100% of the donation goes to the organisation and you can share that then with people at the very end but really what you can do is you can make a donation to a group you can make a donation to an appeal which can be made up of that could be the Syrian refugees that I spoke about you can make a peer-to-peer donation so if you think about it you can make a digital identity and if they consent to show their information to reveal who they are you can now as a donor go directly from here in Dublin to somebody on the ground in let's say Lebanon and then what you can do is you can see where it's going so if you look carefully here what we did with blockchain is this is your impact report you can see the assets, you've got food you've got medical kit, you've got the calculator and I can see how much of my donation is spent I can see what it was spent on and if you squint a little bit in what you can do is you can see there's an appeal, there's a group there are the different groups, there are the people and how much of your donation is spent in real time on the ground so you get this complete instant impact report seeing exactly where the money was going and what it means then is for the organisation for the donor, for the NGO for the resilient there's a fully traceable flow of information from the very start to the very finish and if you go back again for this talk about trust what it means is not only can you tell where your donation is spent but also by whom, for what and how much so if you think about the pregnant women that I spoke about in the video there if you want to go directly to Adela and her new baby, Adela is the name of the mother we're expecting to give birth this week if you want to go directly to her give her $5 to obtain baby powder from an improved merchant you can do that what you do is you get an alert on your phone if you think about it, you're on the couch on Monday, Adela gets the powder on Friday, you get an alert to your mobile phone in the form of an SMS or that could be an email and the thing that we're keen to point out is information about Adela is only revealed with her consent and the way we think about data is that the data should be personal it should be unique to her it should be persistent but it can stay with her from birth to death and that can be portable so if Adela wants to take that to LinkedIn to Twitter, whatever else down the line if Adela wants to open up she is complete ownership of that data and that will give her power over her data and a bigger vision that we have is the data that's held by somebody like Adela in the middle of Tanzania in a clinic she then, rather than the model that we have right now with people like Facebook and Google where you've heard the cliche that one product you effectively then can monetise your data if you want you can use that data to build a profile if you want to get insurance if you want to get a bank account if you want to be social included all the data that you have that's attached to your identity is at least a platform that you can build on top of and you can become financially included and that's again why we think digital identity with the SDGs is a big one for us another project that we're doing right now is in Jordan we're sending out social welfare that's with our partner in the United Nations Development Program and another one is Remittances so we're doing a project that's us on the ground there with the UN in Serbia but one big target that we're working on and this is something that we're really passionate about solving is bringing the cost of remittances down so if you know remittances, big market $460 billion each year the global average fee for sending remittances is about 7.42% and the thing with remittances is the less developed the country the higher the fees typically are 90% of the economy there is based on remittances and the fees are typically anywhere between 15% and 20% so if you think about the effect that that can have in a positive way in an economy if you were to take that 15% back and pay a smaller fee it means that that economy should thrive and that economy has a lot more money circulating so we want to channel the money towards things like utility bills, like gas socially responsible mechanisms and the goal of the SDGs there is to bring remittances fees below 3% and to eliminate remittances corridors above 5% by the year 2030 so we're doing that right now and we're accelerating that by 12 years so that's a goal of the UN so that's a project that we've signed and then we're with them we're going to do it in 22 countries at a minimum before the end of the year and that is something we're excited about and that we work with again, you mentioned Enterprise Ireland we recently got funding from EI and the process became the first company in the world to be backed by two governments SG Innovate, the investment owner of the Singapore government PWC, City, Mastercard we work with people like the IMRC the United Nations, MIT St Vincent Paul and we got funding from both the Rockefeller Foundation and Expo 2020 here is Joe again he is absolutely everywhere anywhere that he shows up he tends to win something pure luck at the Irish a lot of hard graph behind it but that was us recently in Dubai winner of the SMART Dubai Future Blockchain we get a nice little check there 20,000 USD that was Joe up in stage I think she's a princess from the UAE it wasn't a washback hold her hand there shake her hands no shaking of hands we were named Mastercard's company of year in 2017 there's Joe up in what we call the Shark Tank over in Miami but I think he chewed up the judges in UND the debate we do for that day we were IBM's number one global start in 2017 and the only reason he did and we were delighted to announce that we were the first blockchain company in the world to receive investment and to be backed by both two governments and very proud to say probably prouder to be backed by our own government than we are with the Singaporeans but keep that secret maybe chop that from the video but delighted to be backed by both and again some of the outputs that we've been featured in so that's ATEC that's what we're doing how we're doing it, based here in Dublin we want to be based in Dublin for the foreseeable future we've got an office in London we're set up in the US in Delaware but we really do seek Dublin we're on a big recruitment drive at the moment we've got some really really big things in the pipeline but we'd like to point out that we're one of the few companies in the world using blockchain right now for social impact trying to do positive things but at the same time make a profit doing that we'd like to hope that eventually we become a template for a lot of people in this space to feed off or how they put it in or still the good work that we hope we're doing so that's it and I'm happy to answer but thank you for your attention and the ban we'll talk about it if you want to talk about the blockchain thank you very much Neil it's just an amazing story and I think the fact that you're clearly driven by a mission and vision and everything that takes that is really I think shows that it can be done in other sectors as well and the work you're doing is amazing but since Joe here has been mentioned so many times I think we should ask it to speak just in case they feel that you're only pretty face which of course not only if you're true so I wasn't supposed to be here today so I gay crashed my own coverage presentation so if I were there the first thing I'd say on the SDGs the 193 governments have signed up for the Sustainable Development Goals so from 2018 every government, every country in the world have their ability to attain the SDGs so for me it's a trillion dollar opportunity it's a multi-million people problem it's about a five trillion shortfall per year across all companies, all governments so by using the SDGs as our business companies it's a massive opportunity and I think any corporate or any company that is not looking at this is just stupid to be brutally honest so by having those SDGs and by having these strategic partner such as the UN, the Red Cross and governments and so on every year distribution networks on the second point there we just got invited to the Vatican so we're actually at the Vatican on Friday presenting on this next Friday so you have the Vatican now looking at this massively and the Vatican seeing that we're an Irish company and talk about the Pope's coming to Ireland so it was real privileged to be there to speak about what we're doing here in Ireland and to get the attention of the IMF on the economic forum and the Vatican and because, you know, blockchain is fantastic but I'd be the first and it's not a lot of noise in this space really a lot of noise in the blockchain space everything's blockchain, it's going to solve everything which is not so by having these very very credible sources backing us I think it looks great for Ireland as a whole I think it absolutely does and especially having conversations with the Europeans and so on so there are just two things like that in there that are important going forward and what that means for the size of the opportunity it's absolutely massive in terms of business because the more successful we become the more people we have on our platform so to win them in from a government's point of view because they have better targeting, better reporting and they go back to taxpayers we know where your money's gone so we recently had dinner with the head of the Parliament of Foreign Affairs and International Development in the UK Minister of State Penny Modhar and she spends £13 billion every year on international aid and development and you probably know the British media if £50 goes missing it's somewhere where it shouldn't go it's all over the media over there so it may need to be more transparent than ever and they're looking at technologies to do this which is absolutely fantastic but also the British government so last Wednesday night we had a presentation meeting with the borough of Newham at the East London at the London stadium for a west hand plague so we had a big 70 different councils from the UK there so now we can see what we started off with aid but we're going into on the government side on welfare delivery now it's consumer side, it's donations and so on so now you have the UK government looking at how can we use this to eliminate the £4 billion that fraud happens in the UK so for us it's just nice to be in that position because again they're being measured on the impact that they actually tried to achieve that's all I have to add there Just back to the idea of the Irish thing interesting we found that a lot of countries that we go to including Tanzania recently we often people comment oh you're Irish, oh my teacher was from Irish one of the midwives that we met in Tanzania she's like oh yeah do you know a place called Tralee I'm like well I'm from Carcordia and she goes yeah my teacher was from Tralee so we like to think that we're like modern modern day missionaries but instead of being driven by the Catholic Church we're driven by this social mission it's a blockchain missionaries so we like to take it now at the moment it's funny the Irish thing it doesn't do any harm when you're abroad it identifies an Irish company even though technically we're a multinational