 Let's say we have the minimum signal to leave, we really wait for a minute and then we leave. So the live stream will be live in just a second. Carlo, I'll make you host and I need to jump to another call, but I hope everybody has a great time on the meet up. Okay. Okay. Thank you. Thanks a lot, David. Take care. Hi. You're now live. The link is in the Zoom chat. Okay, thanks. I'd say it's 6.35, so we can leave. Welcome, everybody. Thank you for being here, colleagues. This evening, too, we have our appointment with Lighter Leger Meet Up with Italian Chapter, I'm Carlo Ferrarini. I'm doing technical reference points in IBM, above all those regarding blockchain technology, but still as a passionate about this topic, I work on both. I'm very passionate about these topics. I see that we're starting to be quite, 15 people, so we can start our session. Today we have a Singaporean guest that we'll introduce soon. A small reminder for those of you who have already joined us for the first time, we've already made several appointments with Lighter Leger Italian Chapter. Here you'll find the last ones when we launched this initiative at the Italian level. All the registrations of these events are available online, so I invite you to follow them, to watch them, to get in touch, to ask questions and to get involved. We're absolutely open to your suggestions, so if anyone of you wants to share your own experience, go ahead, because here the idea is to share it in a more informal way, especially in a friendly way, with your own ideas and experiences. Any idea is a good idea in this scenario. As always, I'll leave you the links to follow us, for example, on the link or on the Wiki page directly on Zidane. So from here you can find us and also follow the next activities. With this, I'll leave the floor to Alex. Alex, welcome. Alex Albano is Director of Marketing and Sales at Chinstack. Alex, I'll leave you the stage, tell us who you are, what you do, how did you get into this world of Hyperlegger, of the blockchain, and what did you do at Chinstack? Fantastic, thank you. Thank you very much, Carlo. It'll be the day's theme. I'll skip from one language to another, but we'll do it. I know it was also the theme of the previous presentations, so I'm happy to welcome you. You know that I'll do as much as I can with my Italian. Okay, do you see my screen? No, we'll see you in the video, but we won't see you. Okay, let's try it again. Okay, perfect. Here we are. Okay, fantastic. Okay, so I'll say two words, because the journey from Italy to the abroad and also from Don and Blockchain is probably a different perspective. I see that there is a bit of diversity in the audience, which is exceptional, so fantastic. It's something unusual. I was also talking about the importance of blockchain in infrastructure, and it's important to continue to welcome new people in the industry, an emerging industry, which certainly is a place for many people and many more. So, sales and marketing director at Chinstack is almost a year or so, but I was left in the blockchain sector since 2017. My field of experience and expertise is what I call the economic design. To look at the blockchain ecosystem from a technical point of view, not only technologically, but also commercially and also in terms of incentives using telecommunication at a behavioral level. I was the founder of the team and they were executive in more than a few projects. I survived the 2017-2018, the ICOs and so on. It was a battle with a bit of experience that has matured, and I'm sure the industry is matured with all the colors that have passed through that experience. Now, not only as a sales and marketing director at Chinstack, but also as a consultant and angel advisor for other projects. I'm here in Singapore, so I apologize twice. My Italian is not exceptional, but it's also Monday and a half in the morning for me, but I have a good fake coffee that will sustain me for this hour together. And at the level of the industry, of the applications, of the sectors, both in terms of infrastructure, as well as Chinstack, but also with the data division, you probably heard of Usham Protocol, the team that started the Decentralized Data Exchange with Usham Protocol, the space chain industry. It has facilitated the application in the International Space Station, the first Bitcoin node. I was at Cape Canaveral for the launch of Space X, the Funko 9, and then a number of projects with DeFi and payments. At the level of the community for Ledger, I like to be quite active, I take any opportunity to be visible and to help not only Chinstack, but the entire community, including the Italian, for a number of initiatives that, in my opinion, have great value. Specifically for Ledger, they are part of the MESIG, the Media and Entertainment Special Interest Group. We are working on NFT on Hyper Ledger, the first one that the NFT bubble started a few weeks ago, and it remained active, also with the Indian Chapter. So much activity with the community in India, absolutely very active. The last one is the Hyperhack, we have more than 90 teams that will participate in this initiative, which will last for a month, and they are part of the jury for this initiative. Good. Today is a bit ambitious, but we'll try. If there is no time, be patient, if we stop in the middle, it's okay, and I recommend this session, it should be absolutely interactive, so talk to me, if I don't see the messages on the chat, take them off the mute and let's talk, this should really be a dialogue, and also a moment to do networking. So the first part I will go pretty quickly to have a, let's say, a panoramic on what are the fundamentals of blockchain projects. And in my opinion, you need to look at it from a holistic point of view, because then we always look at what are the hosting options, it's all based on what the initial project is. And we will look at the options for the deployment, for the hosting, that are available to companies, not just in Italy, but I think that in Italy it is particularly important, because with our small and medium-sized factory, this becomes a crucial point of success of the adoption of the blockchain at a national level. And then look in general at what are the characteristics of the services of blockchain management and blockchain services. And we will look at an introduction, in particular, of Chainstack. I will give you a brief live demo. It will be an opportunity for everyone to see what Chainstack can do. And then, but I put the Q&A at the end, but in reality we do it at every step. Okay. So the first question that I think everyone really wants, if there is a need for a blockchain for a project. And in my opinion, there are four main questions. Is there really a real problem that can be articulated in such a way that the blockchain is important or fundamental? Is there a need for a database, for a database of a database of a database of a database of a database a database of a database of a database long range of data for the project. At the end of the process of blockchain is a legit database. If there is no need for that, the stage falls. Then, not only we have to have a database, but there is a need of contribution of data installation of not only an entity distributed in a decentralized way. And then the most important thing, probably, is the lack of confidence inherent within the network. If there isn't, then probably there is a need for the blockchain. The blockchain enters and exceeds the lack of confidence within the network. So there are three pillars that I would like to analyze today regarding blockchain projects. First of all, to analyze the difference and the need for public permissionless or permissioned blockchain. Then we look at the selection of the protocol, which is absolutely fundamental, not to do faux pas and remain encased with costs or where to start over. And then the more substantial part, for us today, for this cent-stark, for today's conversation, the deployment mode and the infrastructure. So when it comes to the difference between public permissionless and permissioned, you have to consider two main areas of research. The first is the control of the rights of nature and writing. And the second is the quality of the transactions. So how much is the efficiency of the transactions fundamental for your project? And when I talk about blockchain projects, in this case, I primarily refer to a network of companies or entities or individuals that share a common commercial interest, using blockchain as the base technology. So when it comes to public permission, there are obviously considerations at the level of access for public permissionless, those who can participate, but for projects that are used for factory actions, of course, the participants need authorization to participate. As for the reservation, the confidentiality, with permissionless, those who can write, with projectings, instead, this is immediate and is limited to those who control the network. At the level of efficiency, as today, Ethereum and public permissionless can suffer low efficiency in transactions. Here I leave it with a point of question, seen the quality of innovation that is happening with Ethereum, with the layer tools, for example, Polygon and others, that are not operating at this lack of efficiency and speed of the transactions. But it remains as is today, the quality and speed and, in general, the efficiency of the transactions for permissions is certainly higher. And then the point on trust. If there is no trust, there is absolutely no trust. There are strange members, without any, we can say, off-chain agreements that are necessary for participation in the network, then the public permissionless is the best choice. Otherwise, if there is a need for other movements that can suffer the lack of trust, but do not necessarily have it, necessarily in technology, it is probably the best choice. So, in a, with a screened out way to synthesize the public permissionless the access to reading, transparency and immutability, efficiency and the number of participants involved in the consensus that one is entrusted or not entrusted to the other. As far as the evaluation of the protocol is concerned, there are, in my opinion, six main things to evaluate. As far as the consensus is concerned, from a point of view of the participants, we need to facilitate, at the level of design, a planning of the way in which participants can reach the agreement. Once this is analyzed, it is in the best position to be in the consensus. And also, at the level of efficiency, as we can see the difference between proof-of-work and proof-of-stake, proof-of-authority, etc., we need to consider the efficiency and the needs of the network. If it is a network where the robustness of the network is so fundamental that you can trade-off with the performance or cost of the nodes, then you can choose proof-of-work and so on. At the level of maturity, you absolutely need to consider how much it has been applied in terms of production, rather than experimental. We know that Hyperledger manufactures its battle wounds, which make them grow and make sure the maturity of the protocol, other protocols that are available, maybe they will have better performance, one of the interesting categories, especially if you have to use it in production with high-stakes, at the commercial level, if you trust the quality. And also at the level of technical support and stability. And you will see that even when it comes to the deployment of infrastructure, stability is a key consideration. Then the ecosystem is absolutely considered from my point of view. So, do you have a wide network of support or not? Because if you find yourself and you will surely find yourself with problems, because the blockchain has made a huge step, but at the level of maturity, as technology is still growing, we are still in childhood, fortunately, so there is still great potential for growth, you will find yourself with problems that you have to solve. So how will you solve them? What is the network of support? How many other developers are part of the ecosystem? Who can you ask for help? And so on. Then at the level of roadmap, ask yourself what has been the track record until now of the execution of the roadmap? So they have maintained the milestones, they continue to promise improvement or scalability in the community, the ecosystem is not able to overcome or to grow or to improve. And then what are the future projects? Some projects will have a two-year roadmap that is already available, others no longer give more than a few months, others already have 5-6 years of roadmap, it also depends on the type of financing they have, from the Borchest point of view, and how they have the possibility to stimulate the ecosystem with their token or with other types of funding. And also how much will they change in time? Some are really open, even at the level of governance, with the DAO, etc. So if you find yourself in a protocol that is completely realized at the level of DAO, you have to feel at peace that this is what is happening and then governance will become decentralized. Alex? Yes. I have a question, of course. I wanted to ask you a question so as to help you recover a bit of faith. In your opinion, under the profile of these 6 areas, how much does a 100% value have? How much impact could there be, I don't know if it could be a question a bit generic, but for a client who has to approach and who has the idea of developing a project from the base, so maybe you can still rely on Chainstack, how many of these 6 parameters and how much impact do these 6 parameters have and how much they should be, in short, in a way of reasoning in the choice of an effective protocol compared to another. In my opinion, it really depends on the team that has to do the execution, because you can do the outsourcing to create the solution, but then, in the end, the team has to follow the long term. So, for example, if you look at the documentation or the technical maturity level, you want to sacrifice them because maybe they have a specific consensus that is very interesting for the period of project. You say, ok, the documentation, the technical maturity level, there's not much, but I still take the opportunity. If you have a team that can operate because they already have personal experience, then it's not a too fundamental gap, but if you have a consortium where you then have members who are not of active technology, they don't have a team of blockchain experts inside, then you need a protocol that has important documentation because you then have to do it in a way that they can keep it. So it's always a trade-off, you won't have 100% in these six, and you have to modulate it according to the team you have. Ok, thank you. It seems quite clear to me, at least for me. Great. So, yes, documentation, if they don't have maturity, that, in my opinion, is, among other things, an important point of maturity and of preparation at the level of the company. The possibility of having a good high quality of documentation. And then the complexity. If you find yourself with a protocol that is absolutely impossible to manipulate, you will find yourself with a lot of additional costs. Ok, so now I want to share the famous saying in blockchain DevOps when it comes to non-deployment. I don't know if you've ever heard it in Italy, but obviously all of them become alphabets. When you try... You're beautiful. Because, in the end, you can build an exceptional solution, but if you don't have an effective decentralization with implementation, it's over. So, let's take a closer look at these four factors to evaluate when it comes to non-deployment. So, it's decentralized. This is what I call decentralization for the backdoor. And it's my experience with many companies. They want to enter the blockchain world with good intentions, but when it comes to executing the network, they want to control the entire infrastructure. They want to maintain the nodes in their infrastructure. They want to keep the data in their server. They will give very important motivations because this is the case. But in the end, you know that the execution will not be distributed. So, from that point of view, I go back and ask, are you sure you need the blockchain? It's exactly what you need, because it seems like you need a distributed network of ledgers but not necessarily of the blockchain. And, among other things, the definition and the difference between DLT and blockchain is the proper governance. Because when it comes to DLT, it's a bit of a new technology between the distribution of access to the database and the ledger. When it comes to the blockchain, it's absolutely the governance that must be decentralized. So, if you then have an effective network of nodes that is centralized, the independence of the governance is at risk. The advantages of the blockchain are a bit lacking. The second area is the idea of having the library or the cloud. We can also see the spectrum on the one hand, the on-prem from the other cloud and the library in the middle. So, the customers or your company need on-premise nodes for a lot of reasons. They are very valid reasons why they don't want to have it in the cloud. And, if it's the case, they can be managed by Contotex or not. And the other point of view that I see with the consortia that are growing from zero, fortunate to have a real exposure to a number of these projects, when a network is growing, you have to consider the members that you want to participate in the network. So, you have to ask yourself what needs or needs to be implemented. Because, if you have let's make an example completely by chance, a branch of LUSSO where you have the big company and then you have the small media companies and suppliers that are small and are distributed and you want to be part of the consortia. If you have the artisan of Florence, of which you need and he has the node, if you don't have any experience or interest to have an on-prem or a complex infrastructure, even at the commercial level if you don't have success. So, you have to ask yourself what are the needs of all members that not only today, but also at the level of scalability of your network you want to involve. So, also the participants of your network could have a mix of technical needs, a mix of technical experiences and at the same time it could be that in time the needs from when you move from a pre-production to a testing, to a production could be that I have seen it very, very often at the level of pre-production or of testing or of POC everyone is happy to be in the cloud because the costs are lower and because the speed of execution is higher then when you go to production absolutely no, they have to be a premise or they have to be hybrid. So, these are all considerations that are going to be analyzed. Then another division I don't know if you have experience but at the level of NODO you can have both the sharing and the NODO instead dedicated. It's true that a shared NODO can be less expensive but usually you don't have the speed of the transactions and it can also be that there is not the same level of stability. So, it's about delicate things or where the performance is absolutely who spends a little more and take dedicated nodes. And finally the last parameter, the geographical distribution. In this case the distribution of nodes is an importance at the level of performance. So, the more your node is deployed, is distributed near, physically near where you have the operations the more the speed of the transactions is high. So, when you do a setup where do you have the servers because I assure you the difference is great. Sometimes even a millisecond is important but it could be absolutely more than that. So, if you have a provider that suggests a solution with the servers that are in the United States but you are in Italy you know that the production at the level of performance will suffer. So, you ask where is the infrastructure where you need to give the efficiency of the speed. The other is at the level of distribution within the network. If you have a lot of members where are the geographies of the members you have to find a common place that can go well for everyone or you have to have a mix of geographies for each member. So, the flexibility of having a deployment with multiple geographies at the same time. And the last one is the normative conformity when it comes to data especially if you are in Europe the boundaries the barriers are not there but between Europe and abroad there are absolutely so you have to also consider what are the needs of your project and your members. It's a glance as we say in English the three steps and another brief observation you can plan and execute but you always have to continue to evaluate because in time the project evolves and you have to find a solution that is very flexible. I don't go to the point then obviously happy to distribute the slides after the appointment through Carlo Eugenio as a PDF happy to distribute it but you know that each choice will have consequences on time and on costs without doubt. So, if you invest which is not necessary to be on the blockchain you spent money you have done a good exercise maybe you have also earned a good consulence but in the end the project does not take place so at the level of reputation in the long term it does not work at the level of privacy at the level of inability to grow with scalability there are all considerations that from a personal point of view all are considered and considered at the level holistic so plan in a neat way I hope that these parameters can help to give a framework and a blueprint to guide the conversation these are all the questions that we do when customers come and ask us about consulence what type of network do we have to use what type of hosting we always start from scratch the question is always what are your needs what is the application what are the commercial goals what are the goals of the involvement of new members if you are an individual or just a single company why do you need a blockchain maybe it is internal and so on so let's happily save the blockchain services but I'll stop for a second if you have any questions or comments no so I have a question about essentially also a network permission and more because it is a consideration in the sense that I see especially the hyperlegger family in my opinion an example that generally different software DLT are trying to develop plugins that can also allow connections between network permission and for example the hyperlegger in my opinion an example of a framework developed on Ethereum that can in some way communicate with permission as a framework and in my opinion in these terms it is going towards a vision almost mystical of convergence or wherever these two systems are going to try to touch more than to keep completely separate but this is my opinion absolutely absolutely in my opinion at the beginning it was a more political division if you want to see from this point of view because there was a dichotomy between the enterprise and the decentralized revolution so the two systems did not want to talk there were several ideologies there was the barrier to me to pass the idealism and maybe also the need to do ICO with a little more than a battle cry and a lot of idealism now there is pragmatism and the need to have solutions that are commercially productive and also achievable so absolutely there will be hybrids then you will see that in my opinion there will be solutions that are a mix and then another line that is also growing is to have the permissions for private networks but at the level of governance and incentivization of tokenization layers that are based on Ethereum or other public blockchain so I also see essentially trying to design an ecosystem I see maybe for the most critical sectors where there are applications of vital business let's say also at the level of let's say infrastructure I see network permissions that then can be applied to commercial level instead they exploit the termination scalability to be more efficient to commercial level this is how to think about the retail or commerce how to be more efficient I'm happy with the idea I'm sure there will be convergence as you said and also further fragmentation because of specialization and application for use cases you will see there will be niche protocols that will do an exceptional job because they will be able to have use cases that are very, very specific but at the commercial level they can be very successful so to see how the industry will move of course and as always as in Odiva, in Honolpetti we also need to see how the execution is made so we will see in the next months and next years ok, any other questions? any other comments? Alessandra, my name is Michele Forbizioni hello Michele hello, your presence are almost the two of you so it's really nice to be here there are no problems all this great information it's the first time that in the journey with the colleagues of Hyperlegia a new version Italian Chapter participated to an encounter that is a little closer to my experience less technical than the colleagues most affected by the business if they are immediately addressed the antennas when in the incident of this of your speech you spoke of the of the Italian industry of the company of the Italian company which is to say medium small medium I would say my approach to the blockchain apart from the necessary improvements unfortunately in which there were a lot of pyrotechnics related to the ICO which was really deprecated especially in Italy out of a lot of stupidity but above all of the bad interpretation of the blockchain but once with difficulty you were able to shave to make it a little cleaner the opportunities offered by the blockchain from the stupidity with the ICO at least my experience was to find to approach companies who were interested in the blockchain but they were totally unprepared what was the blockchain so even less what were the two great approaches for mission less and for mission this preambule is to tell you everything that is in the middle experience that you at least you have lived from how you manage your place I would like to ask you directly according to you or according to your daily experience what is the industry that more easily approaches the blockchain with the idea a little more clear because of the questions that you have instanced before I am many of those who worked supporting my legal studies Romanians especially of great dimensions that they had to do with companies that had to brief, for example that they all worked but I found myself very often to make stupid questions of the series but why then do this when you solve the problems because then after you have to put the hands in the pocket to sustain the activity before consulting and then deployment not trivial, not trivial in terms of budget so today, according to you what are the industries so maybe you can do a parallel also for Italy for Europe that are less unprepared to face the questions that are around the blockchain for the panoramic surely I understand the pain of growth of the reputation of the industry Alessandra, I don't take more of the blockchain but trying to do this the instrument of my daily bread if you are interested just for the reasons that I mentioned in Italy, in my opinion there is still very little maturity for a useful approach certainly Michele, from my point of view from one side you have the necessities that are real, from the other instead you have an army of consultants who want to try to sell something so obviously the companies no longer know who to believe from the point of view of the industry obviously for the good or for the bad the industry is the one that is moving faster I see on the global level there are a lot of applications that are a little easier to understand and they are moving I see both great financial institutions are experimenting the central bank and so on on the micro players like small industries or from an individual point of view I think there is a culture problem that was resolved before the technical one because in reality it can also be attributed in general to the Italian culture of protection protection of the IP protection of the network protection of the authenticity and there is a lack of maturity to understand that the sharing and protection with the blockchain can go from step to step they can be conciliated so in my opinion at the level of protection of intellectual rights of IPR probably with NFTs we are at a point of development and let's see if this can bring something interesting to the Italian industry regarding the logistics IPR ledger among other things it does it masterfully in many aspects but also at the level of adoption in my opinion it is more a cultural question than a question of technical necessity of the blockchain blockchain managed services also at the level of need of expertise is removed I want to show you I am not an engineer for nothing but I will try to create a live network in a matter of 5-6 minutes so we are at a new frontier of facilitation of adoption it is an interesting topic we can probably touch during the presentation again on what you have thank you very much I don't want to waste time talking to the other listeners thank you very much again Michele, I like it ok so for many of the services managed the main function is to create a simplification what I think should be radical in creating a scalability of the network and of the centralized application because they can overcome the need for scalability they can provide this technical need they can remove obstacles because if you trust a team that has already done it many times with others there is always someone who can ask to repair costs because this experience can really make a difference I don't make names with names but we recently talked with a big company they were managing their network on cloud when we heard what they were spending at the monthly level we didn't know if to cry or laugh and it was all because the optimization of the network wasn't there because obviously they had an internal network of DevOps or IT experts in their field but the blockchain is new for them and they don't know how to optimize the resources so using a blockchain managed service to overcome these risks to save time to save costs there is no need the alternative is that a company does it alone if it does it alone the first thing is to go to LinkedIn and to have a couple of people who understand how to do the blockchain can pay an external consultant who does it for them so already that takes time and costs without a doubt and the other important aspect is security if you start deploying directly on managed blockchain services you know that the infrastructure is already secure because it has already been tested and has already been tested by other clients so who has more advantages in using a blockchain service in my experience there are three main categories with the development for companies because they are experimenting or already have products that are that are at POSI but then they have to make a step to grow until it becomes operational so let's see that an audience is directly with business developers then we have the partners what we call the partners, the integrated system on the consultants who can use a blockchain service like do you remember the publicity of Intel inside the secret partner with the magic ingredient that gives power to the computer the same thing a little bit like Chainstack so the consultants arrive or the integrated system say you customers need this I do an end-to-end not only do I do the architecture I do the code development but I also do the infrastructure I also manage the infrastructure many times they don't have this internal competence they do the outsourcing to a specialized company for logistics and the other category quite substantial is the independent developers with some subdivisions that one because obviously they are innovators and they want to make new blockchain applications or new new products built on the blockchain to arrive on the market quite quickly so to arrive and reduce the time for the prototype others instead only need to access a public but they don't want let's say it's less expensive less it's easier to use a service where you simply create the account and you're already online and the other the third category that we have seen in the last few months is the one of the specialists in trading and defy where they have their individual algo trading shop they do their market making their arbitrage and they need to have performance that are superior so they rely on blockchain manage services for the basic infrastructure like 99.9% obviously Ethereum regarding the algo trading especially so I have four points that I want to explore when it comes to deciding which is the best platform for the blockchain manage services so what protocols do they support what are the options of hosting that they have when the deployment arrives what is their pricing model there are some substantial differences and how easy are they to use so what is the speed that you can reach for your prototyping so at the protocol level there are some points that are considered obviously you have to trust their technical knowledge and their technical experience so they know how to manipulate in professional level they know how to use CORD and help you with the CORDApp deployment in professional level and so on if something happens and my experience always happens with the blockchain there are always bugs among other things there has happened more than once with the major blockchain again I make names with names because it was an absolutely fundamental bug that we discovered thanks to our clients who were involved they were not able to complete the deployment and then we made the phone the e-mail and the development of the community to try to find a fix for the bug then an important thing that is connected to this integration with the ecosystem so if you trust a blockchain managed service for CORD or for Ledger or Ethereum if they are not connected with the ecosystem almost certainly they do not take the step with the changes and the blockchain has accelerated steps there are news or bugs almost every week and you find yourself at the level of security at the level of productivity and it happens because it happens and in a fairly precise way precisely the frequency of the updates that you have to check and ask if you see for example some as AWS maybe they have the blockchain managed services what is the last protocol, the last version and how fast they do the upgrades how much do they have what is their real investment in making so that the customers always have the avant-garde of what is the protocol the performance of the protocol and then look at what is the customer portfolio because there is a lot of marketing there is a lot of goodwill but not necessarily real experience as far as the distribution options or hosting I do not know in Italian how to call them hosting I maintain the hosting we have we have so ask this management of blockchain services what is the geographical distribution that offers you so you ask where are the servers and how many servers how many options do you have if you are building a network that is distributed that will grow at the exponential level with many members what is the geographical distribution have you seen before returning to the holistic vision how important it will be that there is this diversification then the other consideration if you only give one or two or even usually one cloud service as chosen because that of the contract that they have you find yourself with a lock-in and if your conditions change or if at the performance level there is something better that you want to use because then making a lift and shift something usually so you have to be careful so if you want to change if you want to make changes to your infrastructure surely everyone tells you yes but what is the real flexibility what are the costs then because surely then you have to think about the monetary values what is the cost at the end do you want the most flexibility possible so at the level of hosting if they give you the on-prem they also give you the cloud if they give you the cloud they also give you the on-prem you have the possibility if you have a non-homogeneous network of members of the forum mix and then you also have to ask what are the internal protocols that some use some are certified ISO and so on but for the majority the industry is not so mature so you have to ask, you have to do some homework at home and ask what are their experience in cybersecurity and what is the internal robustness if they if the blockchain management services do not have a world track record of being online and your network is not online it is very simple ok for the pricing model the first thing to ask is the cost of installation cost like initial fee because some pay you to do the setup and maybe to customize the network customization at the price level usually if not the whole industry will pay you for the number of transactions so there is a tiering when you arrive at a certain tier you have to make an upgrade some they stop you you can't do anything you have to pay the cost of an actual network is not live and that makes me smile I want to say again you talk about unstoppable blockchain and after the decision of hosting it makes you stop the network because it is offline for Chainstack we have a different model which is easier to provide even now with the industry and how it will evolve the number of transactions will be higher so at the level of how does this system work can I ask you for computation and storage so at the cost divided into two for the computation the resources used are located for the client to compute the need for a node and then what is the weight of the node so that depends on the type of protocol you have obviously if you need an Ethereum Archive with 7TB if you have a node on the factory it is more lower computation depends on how you set up and how active your node is among other things Chainstack is an example of the stop function you can put the node in pause if you don't use it for nothing and now I give the storage that remains there it seemed very interesting but with a change of approach even then in the confrontations of the project to calculate the cost of development it is quite interesting because if you look at the industry it wants to find a way to compete with the traditional industry especially with the financial but there is a disinterjection from the cost because the more transactions you have the more it costs you the heavier it becomes for you to do it so we find that the computation and storage is a bit more interesting ok then I go quickly types of subscription and the price optimization the price is a bit the unicorn but there is not yet obviously discounts and promotions go well and this is interesting because you are always asking not necessarily in the price you see it includes technical support and the SLA that then the company needs there is always a percentage that is added dedicated support or the response speed ok then the last point obviously if you need british encyclopedia to do the setup obviously the radical simplification goes a bit out of the window so you have to see how intuitive how many internal resources they need to understand how to operate the platform then you ask to evaluate scalability and this is very important if you have clients inside the consortium who are not experts if they present a solution that needs a british encyclopedia they say no your consortium can not be made with the potential to trade ask for documentation of tutorials of guides technical support there must be access to the team of engineers and then the possibility of customization because each client is different then each one has their own needs I stop again for Q&A there is an email here there is also a meeting if you are invited to take a look for a virtual coffee maybe not tomorrow morning but leave me a bit of time to sleep volunteers Alex, look I ask you a question because in two different ways but we do quite similar jobs how often do you find yourself with clients that actually using the blockchain would not really need but marketing or maybe this thing makes sense this is the first question I ask you this question is related to the fact you said they pay a lot they cost a lot how many times does it happen that they don't have a business case because decentralization could lead to a cost more than a centralized approach in reality not very often but we see that there are clients who have an existing solution not in blockchain but they want to add a blockchain component which is an existing solution they already have a business that works they already have a solution maybe they don't want to touch in a radical way but they find that they can expand their own market with the addition these additions can be more or less inspired at a great level but some are more fundamental than others this is the most frequent case otherwise we rarely see people who come with no need we are really the last stage the last step in scaling probably at the level of consultants, you see more yes, I take more of the technological part because I asked you this question not as a consultant actually I have to adopt it but despite this maybe it has also made a maturity in the market at least it still happens so often to say why do you want to do it with a blockchain that you are just taking more time I want to say maybe it also depends on the geographical maturity I don't know if this is a more international let's see a mix some geographies then I also see that in some parts of the world there are incentives also at the level of the local government and they encourage to try to digitize more and use the blockchain specifically so maybe those are the ones that come to you the government gives me a top budget to reach the blockchain you help me but usually I am a person with a business that is already established I am happy to hear it not that it doesn't happen in real projects but it still happens often to have these discussions Alessandra, can I ask you a question? Sure regarding the last slides managing services for the blockchain I haven't seen or I haven't been able to understand maybe the second if the distribution, the supply of this type of services is such that to allow the consortium that must not use mission critical let's say finance to also have security of the operation through system of redundancy as for example business continuity with mirroring sites if these solutions I ask you these management services are still because how can you meet the need to have a remote site so geographically well unlocked but probably also strange to the same supplier that could not have a structure that was totally a problem of the Nello service in two distinct sites so I understand the question but in this case I think that at the level of criticism there are blockchain mining services used for redundancy we have cases both for larger clients than smaller clients and maybe the defy project that needs the extra Ethereum and so on so there is distribution of the servers and isolation of the servers for redundancies then I show you with chain stack with private hosting you can decide where to deploy so you can have an orchestration network that is unified and the deployment is separated you can have an instance of Amazon of AWS in Germany an AWS in Milan and these are separated but you always have the control of the orchestration of the same platform so that can provide then you can also have networks that are in parallel and of course you can also have different accounts with segregation also at the level of access of identity management I don't know if I took you in full but obviously happy to continue then You answered for a large part of my doubts some others would need some more questions but probably to clarify me rather than to have detailed to better focus on management services but thank you very much Michele, there is the HubSpot there, take the address we can do a chat after we are here in 2 hours you will be very busy maybe give me 4 of gold there Alex, a question after mine very quickly trying to make a comparison between maybe through a management service provider and a development of this, how much is in your opinion reduced the time to market the time to market depends on the complexity of the solution obviously the question is easy let's make an example let's say you have a network a chain code that is already ready that is more or less customization minimum to the chain code that that you are ready to do the deployment with Chainstack it can be live in about half an hour to the maximum with your instance depending on your internal experience if you already have an infrastructure with a setup with your servers with your cobenetes etc it depends it's a bit difficult I try to contextualize the question better in the path in the path that the company from the purchase of the service to the commercialization how much this management service helps to reduce the let's say the time other inefficacy other inefficacy that can be the development of these implementations I don't know I realize that it's a difficult question but maybe it's based on your experience in the sense obviously I don't ask a precise answer but on what you could see maybe in your experience in case of development with this type of product and without examples let's say let me do a thing that is forbidden with the slides the forbidden fruit but if you have time go to cinzac.com there are custom stories in particular this is the last one that we published with Zidex they told us this is a DEX they told us they made their estimate 30% to 50% of the time they were able to reduce using cinzac then in any case it's difficult to make a quantification surely it depends on the setup of the product it depends on the solution of the setup and all the parameters but more than anything else in this case it's a considerable reduction yes then let's ask no, of course of course no, of course it's substantial for the media then everyone is different there are some things there are also limitations to what a blockchain services is so so introducing cinzac so that the time is passing joyously and we are almost at the end but I just want to make a quick overview after I go directly to the demo there are 5 minutes of demo so cinzac it starts quickly it spreads everywhere even when you are in POS even when you are in production with the protocols we have the Italian version of the word so we are not affiliated with a particular protocol this is particularly important when it comes to companies that have a portfolio they have a whole portfolio of protocols of the same platform so if you have a project on-cord one of your factories one of your ethereum, one of your core you can distribute them all from the same platform then if you have a special protocol we are always ready to add the bespoke which is, among other things, the story behind multi-chain which is the extension of a customization for a client you can make a deployment on-prem or you can choose between just now at the most operational level we have Amazon, Azure and Google but in our roadmap there are also Alibaba and Digital Ocean and then I'll show you the private hosting which is your instance of AWS as a company we still don't have a start-up more or less 25 people so we are always with a lot of enthusiasm and with a lot of intention of always being at the cutting edge always experimenting, we have two briefings one is already implemented on the platform and has approved another core appending we are in business for three years in our ecosystem and more or less the real ones that are using the chainstack platform we have been mentioned more than once by the main testers Gartner, we have been mentioned twice in their blockchain hype cycle 2019-2020 for blockchain service together with Carlo and IBM we are the two that are mentioned by Gartner so honored to share with you the market and at the level of customers they vary greatly from global construction like PwC or Fujitsu or companies like Acronis to projects or individuals who simply want to experiment on something special for them so go to chainstack.com this fast way that I have already done a fairly long introduction but anyway the price grade is very flexible at the level of architecture very fast you see that the network orchestration is at the level of base with tools for monitoring analysis that allows you to manage the subscription of the consortium and the management of identity and then there is a application tier where there is our marketplace full of apps, services and development we launched it just a few months ago but it is growing in an exponential way and it is managing components obviously you can use the web interface you can use a complete suite of OVPI and again at the level of flexibility chainstack is modular can go from 100% hosted by us and done completely managed by chainstack to have the self-hosting completely managed by you and then a hybrid in the middle so there is a substantial difference obviously in the setup for the self-hosted but the cloud and hybrid are pretty fast specifically for hyperlegia fabric we are 2.2 we have a structure based on Kubernetes so a lot of flexibility and customization on the other side of the application we use leveldb leveldb and all the participants we always have an initial channel with all the participants when they are added in the network, so it is done automatically and then there is the Pledge Explorer which is done automatically for each organization the last slide here with the consulting services there is not only the use of the platform but also the use of the devops for the team and this is pretty prevalent when it comes to consortia because we can add customization customization or help with the protocol and the platform or also help with other infrastructures do a lift and shift or migrate from the testnet to validation on the high scale ok last but not least the Censac marketplace Carlo is pulling the rope but there we are I am awake now I made the coffee don't stop me go tomorrow morning but tomorrow morning our for me the week is already ending in a glorious way with this journey so Censac marketplace you see just a small collection of the applications that can be used on Censac so if you want to use IPFS so layer 0 and then applications for the optimization and facilitation of the speed of transactions pocket network with additional and decentralization on infrastructure or on tools like metamask of course ok, I am with the demo I show you very very quickly what is the Censac and then we go no, I go to bed you probably go to dinner wait I have to find the right window here one second ok, so welcome to Censac this is the console as you will see when a project started creating a project is super easy let's choose the Italian night project you can choose between consortium or public chain so permissionless let's do consortium you want to start creating the step let's do a more formal network name let's do it small network if you choose in this case because there are so many private and permissioned let's choose hyperledger because it is the right day there are only rafts but if you have if you choose the others you can also have other multiple choices of Censac algorithm for factory government for debty t-shirt we have cryptogen factory CA is coming it will be in the next instance as given by hosting I have two possibilities if you manage from Censac you simply choose the options that are available at the moment I am a Singapore AWS but I want to show you fast integration if you have a nice contract with AWS and you don't want to use the credit that they give you because you are a nice startup and you have your contract simply let's do AWS tests and you choose the type of Kubernetes that you want choose the region maybe in Milan here it is in Milan provide your AWS credential and bam you have your private hosting that you can find directly on the drop-down menu when you don't have the integration now I already made the mistake because I have to start again but you have patience as you can see Censac is fast we take 3 seconds to do it I have chosen Singapore and Southeast next this is the cost that is estimated but it is always an estimate depending on your computer depending on your storage among other things for the factory for free and wait it will take us 10-15 minutes and you have your network if you want to add members it is very easy and now I don't have permission for this network but send an e-mail and the person receives an e-mail I know I can't do it but this is what that is all there is nothing else to do you get the e-mail click on the e-mail and you will find yourself with a platform that looks like this with your project and it is done before the event I did a little experiment with this thread of the Usama in Italy as you can see I have 3 networks production I have already chosen London Azure the service models are here and they are working I can go with the explorer and see all the details with the others for the order you have all the details that you need you can move them and then you can also go with the explorer what happens at the node level a little bit I don't allow it but it is easy to do you can add more nodes you have seen how it is done in an intuitive way here you have all the notifications the activity log everything that happens you can also do a shifting at the date level or also at the project level if you have a portfolio of projects you can be quite granular from this point of view then here you have the vault for the identity management and you can become quite sophisticated both at the issue level and identity level and then here you can manage all your integrations if you want to add more of a location of a camp server and at the end here you have the complete documentation with Chainstack as you can see you have all the guides step by step for the factory for the other protocols you have tutorials examples of Chaincode how to do the deployment customization the complete guide to the API an overview of all the blockchains the release nodes that you always need and you can manage them quite granular and finally I will show you the settings where you can manage the whole organization in a super intuitive way including this includes the API keys you can add them in a very fast way ok, this is Chainstack as you can see it seems quite simple quite simple at the same time it is very flexible and can give a lot of customization opportunities very nice thank you Alex do you like the theme? great ok, last question or are we always here? I would have a question first of all thank you for the presentation it is very clear and useful it is a bit technical the question would be how do you manage the keys and the identity that are created? I can send you an answer I feel a lot of a bit of echo I don't know maybe your echo thank you Tiziano for the collaboration Leonardo, I am not an engineer so I put my hands in front I tell you, I don't know but what I can do I put it on the chat then I send you some slides with specific information for the identity management and the key management perfect, thank you ok Alex what can I say you were very nice super kind in illustrating everything and I think I think there is a beautiful reality that is growing a lot and I am talking about the Italian chapter I think it is beautiful to have an Italian personality like you that can somehow contribute to the development of society I think your presentation illustrated is a very useful and essential tool within the strategic choices that are the initial of the clients and how these can benefit of a solution like CENSTAR now I leave a word to Carlo if you want to make a last comment with this technique we just want to thank you you were very kind really nice presentation really fantastic so thank you if you want to participate in the next events unfortunately it is not really comfortable for you but you are certainly welcome both for other speeches and to participate also to listen to others we are human so maybe I will make a bit of sound but the videos are always very useful thank you I would like to welcome this thing maybe it would be useful and interesting to go deeper the work that you are taking forward with the entertainment especially the interest group to go deeper this topic maybe even imagine a use case under the cultural profile that can have this technological transformation this organization I think it would be interesting for the Italian context let's say that we represent where there are many cultural goods and especially that manage cultural goods that seek liquidity to manage them volunteers I would like to thank all the others as always you will find the recording on youtube so if you want to see our Alex's presentation on youtube thank you all, good evening good dinner, good night Alex thanks thank you ciao