 You're you're a genius sort of we are a lot more on YouTube. Welcome everybody So I am now going to kick off today's Let's see. I got a fine slide. Sorry. Okay. Let's pick off. So a very good morning to everyone joining us from North America Good afternoon to everyone joining us from Europe and a good evening to everyone joining from India and in my time zone around Asia-Pacific. So very much welcome to this webinar. I'm Julian Gordon I'm the VP for Asia-Pacific for the Hyperledger Foundation in Asia-Pacific and I'm delighted to be here today for this Hyperledger member in-depth webinar with our wonderful member Information Data Systems or IDS as they are known and I'm really looking forward to today's presentation Thank you Aravind Who's the vice president with IDS for being here to inform us all About the world's largest academic consortium network the Baharat blockchain network Which is India's a nation nationwide hybrid blockchain network Developed to enable blockchain projects of national and academic interest So that's that's what you were just about to have but firstly, I have a few housekeeping items Firstly, this is a Hyperledger Meeting Webinar so everyone is welcome, but we do have a code of conduct, which is quite sensible Basically just treat others as you would treat oneself. So with respect So we have a very diverse community and that is our strengths. So we have a code of conduct So please adhere to that We have a few other housekeeping items. We do have an antitrust policy at Linux foundation. This is a Linux foundation meeting. So please Comply by that and if you want to know more information, please look up on our website. This has been recorded So please be aware of that and you will get the slides afterwards and Finally in terms of let's make this interactive So please if you want raise your hand at any time and we can unmate unmute and speak to you You ask questions through the QA Use the chat. We will have a Q&A session at the end. So we may bring some of those at the end or respond them as we go along But that is what we're doing today and I'm now going to hack you back to our oven who is going to give you Presentations really cool stuff. He's going to talk about today. So our oven. I'm going to hand it back to you Do you need to share your slides? Don't you? Yeah, yes. Yes Yeah so, thanks, Julian and hyper ledger foundation for Bringing this webinar so that we can share what we are doing with the world So let me quickly share the screen Julian I think you need to stop sharing and then I can Yeah, okay Okay, so hope everyone is able to see the see my screens, okay so welcome all and Let me introduce you to Bharat blockchain network and Polyver city so basically Bharat blockchain network is world's largest academic blockchain consortium network and It's an academic Metaverse and educational metaverse Which is by name Polyver city and this is being built by ideas information data systems and Supported by the apex body the regulator of technical education in the country that is a icte All India council for technical education. So we are we are collaborating with the the apex body the regulator of technical education and We are building this and of course our Network is built on hyper ledger basu. So I think that is where the context of doing this webinar as part of hyper ledger foundation as a member is being done so Coming to ideas We are one of the only 18 hyper ledger certified service providers and Basically, we are a product development company, but also we take up certain enterprise blockchain projects and we delivered many Across various domains be it supply chain trade finance CBDC NFT marketplace bond organization Air cargo operations GRC. So so across multiple domains and we have certain products by name crushed flow which is built for supply chain and Soon eggs for next gen CBDC and some of our clientele and we are also we also collaborate with Multiple universities and academic institutions for setting up applied blockchain center That is center of excellence in blockchain and also do upskilling programs because we are also a hyper ledger training partner So coming to me I'm heading all the blockchain practice and products at ideas as vice president and I'm also chair for hyper ledger governance risk and compliance special interest group an alumnus of triple ITI Hyderabad and Liverpool Business School UK and So first of all this poly versity and Bharat blockchain network Both the initiatives are launched by our Honorable central higher education minister Dharmendra Pradhan ji in July 2022. So it's been quite A few months that we launched this and indeed In last four months. We progressed very aggressively Now we have over 100 plus academic partners who signed up and over 30 academic partners have already set up the nodes For the network. So the network is up and running. So I'll show certain Things in the coming slides and basically what we are building here is a next generation Figital University ecosystem So we are bringing multiple academic institutions across the country to come together form a hybrid blockchain network when we say hybrid We mean The validator nodes and the member nodes are maintained on a permissioned blockchain network that is built on hyper ledger basu and this network is Interoperable with ethereum mainnet and poly on both Public blockchains for storing certain assets and to manage certain assets on public blockchain Where the trust is anchored on the public blockchain. So so we are bringing the old Indian education ecosystem to come on one platform network or a consortium network so that it can become a Marketplace on top of it for many Applications, okay, so which I'll introduce to you in coming slides. So basically if you look at Bharat blockchain network as I highlighted the consortium is led by ideas and a ICT ideas in terms of the implementation and a ICT as the regulator encouraging academic institutions to come on to this platform and basically This network has a utility coin because hyper ledger basu pretty much supports the concepts of coin tokens But in a permissioned network, so like how ethereum network has ETH as its native cryptocurrency We have BBN coin as a utility coin. It's not tradable Rather the coin is only for voting and certain utilities by these academic partners To decide the way this consortium network evolves and of course, it's not restricted to academia alone Rather, we are also bringing industry and government players who have certain interest in terms of building certain applications which are targeted for students or academic institutions and also Some of the government projects. So we are in talks with certain government bodies who are also evaluating the Bharat blockchain network to use To be used as a validator network, okay So they deploy their applications and Bharat blockchain network becomes a validator network for their applications So basically we are bringing academia industry and government to come together and also Explore experiment with blockchain use cases and launch their blockchain projects. So this is pretty much some similar to Blockchain service network of China, but here the validator nodes are coming from not only government rather it's coming from the academic institutions and certain industry bodies And coming to our academic partners they spread across 15 states in India and we are rapidly growing and Indeed we listed some of the prestigious institutions here like SRM University, VIT ISBR, B-School. So it's not restricted to only engineering or technical academic institutions rather this is for B-Schools as well and each of these are maintaining on-prem nodes. So so ours is a multi-cloud and Mixed I mean we have some nodes running on cloud and we are also having some nodes running on Prem by these academic institutions. So this is something which is Amazing to see By the team of ideas to bring all these academic partners to learn. So we are not just enabling academic institutions to upskill their students and do some Trainings and all rather we want to make the academic institutions to be part of the revolution by maintaining a node and to enable them to manage a network and drive various applications of their interest to be run on this and Coming to the vision and mission Basically, we we are targeting. I mean basically ideas and AICT Aim to put India on the forefront of blockchain revolution in terms of attracting investments and also encouraging blockchain unicorns and upskilling and This is to connect collaborate and consolidate all the collective efforts by Indian Academy under one consortium And if you carefully observe we are in web 3 and if you look at web 1 and 2 predominantly the universities in US Which were early part of internet which were which took part in the early Adoption of internet are the people who gave raised to lot of unicorns and tech Companies to the world and now in the next iteration of web that is web 3 We want to make sure India not to lose out and we are strategically positioned now because India has Amazing demographic dividend with an average age of Indian being 28. So this is time for India and we want to make sure India leads in this blockchain revolution through Bharat blockchain network and Coming to the Academic partners what they usually do is they maintain the node they get certain BBN coins and proportion to what they hold they get certain voting power and on top of it There are a number of applications which they can use leveraging the BBN coins which they get as part of the validation validator network so one is maintaining the node Getting access to certain the app the apps which are built on top of this network and second to attract certain government and industry funding to build joint intellectual property So indeed we are also bringing certain so though we are building this network on hyper ledger We are also bringing other protocols be it head or a hash graph polygon Ethereum foundation and certain other protocols like harmony and we are in talks with them so we are bringing all blockchain ecosystem players to come together and Bring certain funds and grants To this consortium so that academia can participate actively in blockchain research and development And last but not the least of course, whatever computation power they are putting to the network they get certain Utility coins which they can use for the various applications as I highlighted. So so this is basically a service network as well as the academic academia academia can use certain applications which are relevant to them and Coming to the faculty, of course, we are forming certain domain specific SIGs basically special interest groups and working groups and organizing certain industry talks indeed last four to Six months we organized around 40 plus industry talks which are meant to sensitize the faculty and students across these academic partners to start building use cases around blockchain and Coming to the consortium network. So this is how our consortium Layers look like so on the on the ground. We have government a ICT and Maintaining a couple of notes and academia maintaining majority of the notes and from industry We ideas is maintaining of course soon. We are bringing few more industry players to maintain notes and faculty and students are pretty much Users and the layer one is the identity layer. So because this is a permissioned blockchain we leveraged hyper ledger besu and We are bringing the identity layer DID To make sure all these stakeholders and different user groups are identified and they have identity on top of this and also On top of that is where the applications are being built So now we are working with a ICT and also working on internship certificate issuance where today a ICT has a platform under name NEET where Lacks of in I mean hundreds thousands of internships are being given and All the certificate issuance will eventually happen on Bharat block chain network and also skill badges So where there are lots of upskilling initiatives being done by NASCOM future skills a ICT and Ministry of Education So we are eventually integrating their skill badges and issuance on Bharat block chain network and also as per new Education policy in India a student can do choice based Degree system where a student can do a part of bachelor's degree or postgrad in one university And then second and a third fourth So so he can get credits from multiple academic issuance and as a whole they get a degree So to consolidate all these credits across the stakeholders the DID is being mapped to the student transfer and academy So basically smart contract driven Operations is what we are trying to bring so that the regulators and also academic issuance have less operational overhead and governance overhead and We are also bringing certain government schemes meant for students to be tokenized On top of this hyper ledger based on network so that the government has Track and I mean trackability and traceability of how these funds are being utilized So that is also something we are working on and third the important Application what we are building is the built-in audit for accountability Today academic issuance in India, especially they have various accreditation bodies to which they continuously Update various documents and data about how the university or academic issuance is being run So all these data points are presented to academic part I mean accreditation bodies again and again again and again in different formats. So what we are bringing is Indian government is already working on one nation one data platform, but now we are latching blockchain so that the integrity of this data is assured and Academic issuance have accountability in what they are doing. So these are certain applications Of course, we are also building the education metaverse as I highlighted where each academic institution has and virtual university campus Through to which the students can access the classrooms labs Libraries meeting rooms various spaces. So so so this is so the one layer one is identity and top of it We are building an application marketplace. I mean applications. Of course as API's so predominantly most of these functionalities are API's so that On the layer three, we are building a D app store a marketplace where various service providers can start leveraging this API's and build applications and serve the Academy under one umbrella. Okay, so this is what we are doing and We have the consortium governance body to manage certain aspects of the network And coming to the solution architecture We have various endpoints Some of them can be mobile apps physical cards and ID card. So we are also bringing attendance of the students to be captured Not as a transaction but to be stored on a Database and then at a certain frequency the data integrities again is issued by blockchain So so basically we are bringing various use cases of traditional Academy and see wherever blockchain can be leveraged We want to bring them and validating peers observer peers and the third party valets and Blockchain lab and sandbox for students or faculty who want to build some applications on top of the network So we have an API interface and dynamic cure for the DID mapper to DID and then payment gateways transaction explorer identity management and some government grants and vouchers a D app store and document management security management and a faucet for the BBN coins and The user groups predominantly are the university or colleges faculty and students of course a tech players as well and Coming to the person as we have a ICT the regulator The university point of contacts acting as admins for the nodes being maintained government grant owner upskilling bodies and academic service providers So this is all something what we are working on and Coming to the validator Network so as you can see we have over 26 peers and we have 401,216 blocks mind and We are so in phase one like we are in phase one for next two months So first six months is where we are making sure all our academic partners they connect their nodes and they are able to manage maintaining a node on a continual basis and Make sure the network is stable and they are able to sync all the blocks and then Eventually in phase two we are bringing the DID which is under development on top of this and then we will open up for the applications so so these are like three layers in which the development is happening so the network is in production already and We are we are making sure This will be a game changer for Bringing academia to participate in the so previously in India if you carefully listen, it's all about industry academy or partnerships collaboration But the partnership do not really happen much It is pretty much restricted to only upskilling and hiring But now we want to bring academia and industry on a single I mean on a level playing field where it's not just Supplying resources rather also participating In the web 3 and in this ecosystem and start building applications and Commercialize on the intellectual property and the applications they build so this is something what we are doing and also To make sure the blockchain I mean the activity On ground to be sustained so we have started blockchain chapters each academic partner has and blockchain chapter up and running at the campus And students do join that and we have campus ambassadors who are making sure they organize boot camps industry talks panel discussions and also certification programs And one of the amazing thing what we did is we Aligned our The blockchain certification programs Certification programs aligned with the nature national skill framework under nascom future skills And half of the fee will be reimbursed by the government Ministry of Education. So that is an amazing opportunity for the students who are Part of our academic partners under Bharat blockchain network and we also Soon launching Bharat blockchain launchpad where all these upskilled students once they come out under the mentoring of our ideas team and other industry partners. They'll be participating in certain code challenges and build applications for this blockchain launchpad So next July or August that is where we are organizing this Bharat blockchain day where the network The DID and the applications all of these will be showcased to the ecosystem to attract more and more participation in this ecosystem. So that's all from my side and now the floor is open for questions. Thank you. That was excellent. Thank you, Arvind that that that's great. So we do have a few questions. If you can look at the Q&A if people want to start answering the questions or raise their hands. We do that. Do you want me to go to the questions. So I said, yeah, so can the API is developed be used by us now. Okay, so so basically now we are working on the identity management side of it. All the most of the smart contracts around the application use case as I mentioned are under development. So please keep in touch. I'll be just putting up my email ID and let us know on what context or what are the kind of applications for which you want to use the APS and once they are ready will be happy to collaborate with you because we want more and more people to start building applications on top of it. And we are working on a project on identity management. Okay. Can you suggest what blockchain network to use? Oh, okay. So I think it purely depends on the use case, but if you look only identity management then Hyperledger has Hyperledger Indy, which is an amazing framework which is exclusively designed for identity use cases. So if at all your use case revolves only around identity management I think Hyperledger Indy. But if at all along with identity management you have certain block I mean applications also to be built on top of it then Hyperledger Fabric is another amazing framework on which you can build. So I think you can connect with me offline. Definitely I can go through your use case and suggest a better one. And Gaurav, so what are the partnership opportunities for other blockchain developers? So basically we are soon coming up with the SDK and API libraries. So once they are published blockchain developer community can start building certain applications and publish their app on our D App Store. So if at all our academic institutions are happy or feel they want to use them they will use and they will pay. And if you are a blockchain developer and who wants to contribute to the development of our blockchain network please write to us. We are happy to involve you as a contributor and we can discuss further. And as I understand it's like your platform for students and does it have something for professionals who would like to learn on blockchain. So for working professionals at this point of time the course we have on NASCOM future skills that is also eligible for working professionals. So all the working professionals who want to do our certification programs if you are an Indian national you get 50% of the fee reimbursed by Ministry of Education post completion of the program. So we have I mean yeah so you have my email ID please write to us and I'll pass it on to our sales team to follow up. So in your endpoint there was a mobile usually doesn't work on mobile yet at production grade. Is there any major architecture changes. Okay so see basically say for certificate verification or certificate background verification or skill badges. So for certain use cases only for the verifier we are building the app and the app will have a certain functionality to scan the QR and query certain data points from the network. So we are not building any endpoint or application leveraging the network functionalities it's only a querying certain data points and all. Can I work on this project and how. So I feel comfortable to share your profile to my mail ID and and another important point is we are using MetaMask or trust valid the basic I mean the functionality. So the RCA presence so basically whatever mobile apps right so we are we are making sure this who basically supports MetaMask and external third party valid so the valid functionality is something what we are looking to integrate into the mobile app. And Akash please share your profile and we'll be happy to involve you in the project is this network restricted to Indian universities and education bodies. So yes at this point of time yes we are we are restricting to India Indian Academy but we are also now working with Dubai Academy like we have some academic partners with whom we signed up recently and we are trying to mimic the same concept of what we are doing in India in Dubai. So we are we are bringing certain because again the governance and the who can be part of the consortium is something which we want to make sure again do not cross the boundaries of the country. So that is where we are making sure these consortiums are I mean country specific. Okay. And can you give us a quick roadmap of getting started with hyperager fabric. Okay. So I didn't understand how this is in the context but our network is built on. I mean hyperledger basu and bevel we are leveraging basu and bevel. This is not being built on a fabric. Okay. But if it is a very general question. One of the first thing to do is you can actually go to hyperledger fabric official documentation provided by hyperledger foundation and you can you can actually set up some sample networks because hyperledger frameworks are open source and there is no license fee as such. So you can download them free of cost and set up a network and start building on top of it. So that is a getting started. So you start building some basic blockchain applications on sample hyperledger fabric documentation. Okay. I think we'll come to the end of those questions right. That was a lot of questions in a very short period of time right so. Hyperledger could be hosted on AWS cloud. Yes. Yes, why not. It supports multi cloud indeed. So you can leverage multi cloud like one node on AWS one node on Azure one node on Prem. So hyperledger pretty much supports multi cloud deployments. And when you build react native apps for Android and all. You can actually bring app support to the network. Okay. And I think for the mobile app support there is also one framework hyperledger Iroha right Julian hyperledger Iroha right it really has some support for apps as well like. Yes, it runs the CBDC in the case for a right. Okay, I think I have a few questions for you as well. Yeah, yeah, definitely why not. So guys, please keep in folks keep more questions coming in. Okay, maybe you want to ask say is one. Do you think people can shift to using MetaMask. That's in terms of the wallet right. Yes. Yeah. So so see coming to MetaMask. Basically hyperledger Besu is also a EVM compatible network right so with. So once you deploy the Besu network, you get a network chain ID, and you can connect your MetaMask to this network and start using so that is how we are bringing. Valid or non custodian valid to hold BB and utility coins and attach this DID to a valid as well. So that is how we are designing this. Okay, so yeah please please keep them coming the questions in I think we've got an enormous amount of questions very quickly which is great. So I thought maybe on a broader kind of because you have another role actually within within hyperledger you are the co-chair of the government risk and compliance right. So maybe you could talk a little bit about that and also talk a little bit about how what were the challenges with governance because obviously we have technical issues but what do you see the governance issues and lessons learned so far with what you're doing. Yeah, so I think I think in terms of GRC. My other co-chair is coming from metric stream one of the leaders in GRC space. So we have actually moderated various meetings, the SIG meetings, where we get to understand some of the use cases for GRC because ESG is also something which is actually catching up. So one of the key challenges with respect to the governance is how do we bring a common level playing field for all the ecosystem players, right. See because if you look at enterprise blockchains, it's all consortium but we saw failures of big big consortiums because of the stakeholder clashes, right. Having a common ground of understanding a common ground of interest and voting power, right proportional to their contribution. So predominantly most of the consortiums are led by the dominant players in the ecosystem and driving the consortium based on what they think is best is one of the biggest problem of governments. Okay, so taking the consensus, not just on the network layer, right. The consensus is the common agreement which should happen between the ecosystem players with respect to the application and the roadmap and what kind of applications to bring in and what is ROI for all these stakeholders to maintain notes in the network. I think the well these are defined and the expectations are clearly set government governance becomes a smooth cakewalk, but that is where the real challenges are. And second thing is not all the stakeholders have the bigger picture, right. So everyone is always interested on what is in there for me as an organization, right, not as a ecosystem, because it may take some time for the whole ecosystem to come on to common ground and then you see benefit but till that time, you need to invest in and participate because you anticipate there is something coming in, but if this time gap is longer, I think that's a risk, right. So, so in GRC second component is risk, it's, it's technology risk interoperability risk, right. So how interoperable your legacy systems. Now one of the biggest problem with this consortium is also not all these enterprises who participate in the consortium use same business processes, or they don't use same applications for their internal operations. Now how do you standardize that who takes the responsibility to define the standards for the whole ecosystem. And how do you make sure this network is interoperable with the legacy systems, this is also certain risk parameters where in spite of the consortium in place, still if some of the stakeholders are not part of the network. All your existing inefficient processes, you need to still do it, right. So I think the critical mass. The consortium should have a minimum viable ecosystem and a critical mass and to get that tipping point. So, how do you make sure that tipping point is achieved, that is another risk parameter, which should be taken care by the consortium heads. Coming to compliance, I think today see compliance is of two phases. One, something because regulator is asking you to do it, or because you want to do it so that your end consumers can see a brand perception, right. So unless until there is demand from the end consumers or push from the regulators compliance is always a continuously evolving thing, right. For some of the stakeholders, it is the self interest and it is to set the benchmarks for whatever they are doing, but for some organizations it's a overhead, it's an operational overhead. So now the moment you bring consortiums, unless until everyone follows certain compliance common compliance standards it will be very tough to implement blockchain networks. So I think these are certain pain points, which I have come across as part of various meetings I did under GRC. Okay, great. And then everyone's welcome to join the and we'll give I'll put a link underneath this one as a YouTube video to go to the GRC right and you can also get there through the discord right. So, let's go back to these questions, I mean, I'd also like to maybe relate to that governance how that relates to what you're doing because it sounds like you do have a tipping point here. Yes, yes, that's kind of set in right and you're kind of, you're creating success points of success, which you understand, which need to be there right so that that that's that's that's very interesting. That's why we are making sure there is enough, enough academia to in place, before opening up the marketplace right see without user base why will industry participate in it right. So that's why we are focusing on supply side, rather than the demand side up I mean upfront, because we want to get that tipping point right before we open that up. So that is the lessons we learned from our past which we are applying seriously, because people do other way around. Right, building the applications and then reaching out penetrating into market which predominantly failed especially in blockchain because blockchain by default is a consortium right. So, for each one of the industry player to set up to bring a to form a consortium for one single application is a nightmare. Now I know some companies in India who are working on certificate issuance. So that's one use case for academia right, but for one use case if they want to bring all academia together and ask them to maintain notes. I think that's not a, there is no enough margin, marginal value proposition to maintain a note for that. Right, so that is where still the public blockchains are leading than certain enterprise blockchain use cases. So I think that is where we are bridging the gap. Yeah, with a hybrid model, that's great. Yes, I think you're right so you can add different applications right with the same user base all the universities and all those different applications you talked about right, which I think is great. Let's go back to the we're now going to a bunch more questions. Do you want to go through some of these and please continue asking questions. Using metamask. So, so again, see metamask are the web three user experience is something which is very clumsy. So we are collaborating with some next generation wallets, which have a mix of web two and web three. Okay, so in the back end it's pretty much metamask or the public private key pair traditionally managed by the valid services of the network. But on the front end, the DID is making sure their login access is still a username password or email driven. So we are we are mixing web two and web three and making it web 2.5. So that is our approach so that there can be a seamless user onboarding for most of the applications we build. Okay, so only for the meta meta I mean that educational metaverse we are building to own certain NFTs the 3D assets in that space and the university is holding the land parcel of the metaverse as a NFT only if they're, I think this critical valid functionalities are coming up, but for most of the applications is pretty much traditional user experiences what we are building. Okay, so I actually read out these questions right. So the next one is what role consistent integrators play in this network, typically Indian. So how should for you pickable for them to join the network to contribute as members or partners is there a plan to place and leverage existing DID and verify credential solutions that the partner may develop and offer. Yes, yes, so that is, that is expectation right so as I told you, once we have the DID and identity done, we are expecting over 500 5 million profiles of students coming on to the network. And once these profiles are there, it's not only certificates, it's not only skill badges, but the background verification is one use case we are looking at, and also the profile their interest profile. So what kind of activities they are doing in the metaverse, what kind of brands they like. So, so we are we are not just building an academic profile, rather a verifiable LinkedIn is what we are seriously looking to create. Right, so today if you if you carefully observe a LinkedIn profile right so whatever you they put is pretty much what is there and only you have certain credential providers. Where you can go to click a link and verify that, but now we are bringing student profile so while they are in academia itself they have a verifiable profile. It has a significant amount of information. So we are also bringing certain social graphs in terms of what kind of networking they do and certain use cases. So I think the industry players can start using the network in the coming quarter predominantly by 2023. 23 first quarter is where we are seeing to open up the network for industry to start building certain applications, and there is no membership fee as such at this point of time. It's more of a contribution to deploy application and keep the ball rolling. For academia we are bringing certain memberships, but for industry players for every execution on Besu network you need to have certain BBN coins. So the utility coins is what you will be purchasing to run your application. So that's the only thing which you will be procuring. And they are not tradable basically. No speculative activity with those BBN coins. It's purely utility coins. And is there a plan in place to leverage existing DID and verifiable credential solutions? Yes, subjective. So we already spoke to certain companies who are already in DID space, but what we understood, what we quickly realized is they are also coming up with one more layer of cost. So that is where we felt, again, we don't want to put certain basic functionalities of the network to be again additionally charged. So that is why we are building in-house. Otherwise, our initial plan was to collaborate with some companies and bring their DID solution and put on top of the network. But we don't want to make them a cost-driven. So I hope you got the answer, Umashankar. And is this an initiative, private backed by AICT, a government initiative supported by ideas? So, see, coming to AICT and Ministry of Higher Education at this point of time, they are only supporting us in terms of marketing this, pushing this to academia and also supporting us with some applications they need for national interest to be built on top of this. So, eventually, as some of their applications go into production, that is where some of the grants is what we are going to leverage. Otherwise, it's fully funded by ideas and supported by AICT. And use of a private blockchain is basically decentralized inside the association. It's not inside the association, it inside the closed group of stakeholders. So it's all academic institutions. So if you think with respect to general public in distributed manner, what do you think about that? See, of course, public blockchains have a broader degree of decentralization, obviously, but because certificate, so see some of the use cases, if you look at the use cases we have picked up, they can't be anonymous. A university certificate can't be issued by an anonymous valid, obviously. It should be by a permissioned organization, a verification or a student transfer or some document management to be shared with accreditation bodies. So, all the use cases what we are looking predominantly are academic use cases, which are meant for permissioned use cases. So, I think in that context, more than public blockchain, private blockchain is sensible because the volumes of transactions on this network with all more and more academic institutions coming in will be huge. So, by having a own network, all these academic institutions need not pay to some public blockchains which are slower and also which are costlier for the volumes of transactions they are dealing with. So, in that context, the academic institutions will have an edge eventually to not to depend on public blockchains for most of their use cases, rather they can use their network infrastructure for that. So, that is how we are envisioning. And is there any academy regulatory body participation? What is their expected role? So, regulatory bodies only maintain nodes predominantly and maintain the ledger and if they want to track and trace or if they want to make sure everything is going good, they are just maintaining the ledger at this point of time. So, eventually also they will maintain the node and only for any submissions for any data verification or data reviews. So, they just maintain the node query it through their dashboards. So, it's more of a query. And for government ski owners, they can deploy certain smart contracts. Even regulatory bodies also if they have some applications in mind they can deploy smart contracts and launch an application for the academy to use. Can we get the presentation deck post this webinar? Yeah, we will be sharing it for some of the slides. Yeah, some of the slides may get truncated but anyways you have the recording. So, it's okay. So, anyways this information can be shared, no problem. And in recent research, Ethereum introduced the concept of soulbound tokens. Okay. Anything similar in Hyperledger? See, Hyperledger is basically an blockchain framework with which you can create your own networks. Okay. So, it supports the concept of NFT. If you take Hyperledger Besu, it supports the concept of NFT like ERC721, 1155, standards and all. But the soulbound tokens is something which is by public blockchains, not permission blockchains. Because that is meant for more public use cases. But most of the Hyperledger projects are enterprise use cases and meant for very specific user groups. So, if you want to design something, you can but the trust is as good as the validator network of the consortium who is driving it. Right. So tomorrow they can go off. Who knows. So, public blockchains are trusted more because they are less likely to go off if the public, if the size of the network is big. But if you take permission blockchains, its use cases are different. So I think for some use cases don't compare public blockchains and permission blockchains, it doesn't make any sense. I think we're going to have to start to wrap here now. Right. Thank you. There are a lot of questions. Arvind, that was a great presentation. I think we just a lot of questions. Right. I think a lot of people generally asking how they can get involved. Right. So I think I shared my email ID. So let me host and panelist. I hope everyone got my email ID. So just write to me and we are happy to involve. See we are in Web 3. We believe in the spirit of collaboration. So anyone who is willing to contribute in whatever way possible, relevant, we will involve. So please write what exactly you want to contribute and your profiles and we'll be happy to involve you. And you can always get on on. So I'll leave this for a second so you can scan it even got the QR code there. You can get into discord. I think you're on discord as well. Right. So people can access get to you on discord as well, which is where our community meets. So please do please do join that. And yeah, Arvind, thank you. That was excellent, excellent overview of, you know, the question I was going to ask you what do you think it's going to look like in five years time or maybe we don't have time maybe that's the next webinar. Yes. So so see we are pivoting indeed on multiple scenarios we are still pivoting and for certain use cases. We are, we are very clear on what we are working on, but for certain things, we are still having an outlook only. So, but at the end of the day we are making sure the interest of the stakeholders is taken care without compromising on the intent of this network consortium. So, yeah, that is how I mean that is the only torch. We have now, because there is no see this kind of network being built anywhere. So I think we are attempting it. And this is definitely a pioneering effort I would say. So let's see how it goes. Excellent. Excellent. And obviously, obviously open to ideas and collaboration that's that's that's what we're all looking for. So thank you for that. And just a quick pitch for our next webinar which is going to be on the next year. So this is the final one of the year right we're starting off in with the next generation blockchain consortium which is by GSBN. And we're looking at confidential computing consortium so that's going to be a real, real interesting one and please register for that. And a final thank you, Arvind. Thank you everyone for listening and everyone take care and please look after yourselves and get involved. Take care. Thank you. Thanks Julian for hosting us at midnight. So I know it's 12 now at your place. So thanks thanks for you for hosting us. It's a pleasure. This is definitely worth staying up to midnight for. Thank you. All right, take care everybody. Thank you. Bye.