 Good morning to everyone in the Americas, good afternoon to everyone joining from Europe and Africa and good evening to those in Asia Pacific. I'm Julian Gordon, the VP for Asia Pacific for Hyperledger, the open source blockchain initiative at the Linux Foundation. And I am delighted to be here to introduce this webinar on the important, timely and some would say urgent subject of making disruptive technologies the silver bullet for airlines in the new normal. Firstly, I'd like to thank Hyperledger member Mindtree for whom we are collaborating to bring you this webinar today. We have an amazing panel with us today, an expert lineup of leaders in tech, blockchain and aviation. They know more than most how COVID-19 has devastated the aviation industry, how the post pandemic airline sector is taking shape, how those ahead of the curve are making innovative changes right now to emerge stronger, and how blockchain and other disruptive tech are vital to their success. Today they will discuss the key opportunities, efficiencies and competitive advantage blockchain offers the aviation industry, along with the challenges ahead and progress to date. Next slide please. Before you begin, I'd like to take you quickly through some of the housekeeping items. You are currently on listen only mode. If you do have questions during the webinar, please use the Q&A function in the zoom chat at the bottom to submit them. We'll gather questions during the discussion and have a Q&A at the end. For those on Twitter, please use the hashtag aviation tech webinar or aviation webinar and tag a Mindtree limited and Hyperledger. And now to the gender. I'm delighted to set the scene. Then hand, I'll be delighted first and first five minutes to set the scene, then hand over to run a Christian and to introduce the exciting work Mindtree is doing in this area. Then we'll have our panel discussion around six key discussion areas, followed by the Q&A. Next slide please. To begin to, it's an honor to introduce our esteemed experience panel at the cutting edge of technology innovation in aviation today. Firstly, one Ivan Martin, one has over 20 years experience in technology. And for the past 10 years, he has been with the International Air Transport Association, or IATA, heading areas including innovation, digital transformation, and now with the ITAS travel pass. And secondly, we have Nile van de Wo. Nile is managing director and co founder of Clive data services. He has a 30 years experience in the air cargo industry, which began with building pallets during his university days. Previously Nile worked at Seabree cargo advisory, Jepsen, which is a Boeing subsidiary and KLM cargo. And now to Adnan Salat. Adnan has two decades IT industry experience with extensive experience in travel and transportation application development management practices and product development. He heads the solution and consulting group with MindTree's travel, transportation and hospitality, hospitality unit, creating solutions for airlines, hotels and travel service providers. And then Santanu Mukherjee. Santanu is a senior technical consultant with a history in the IT and services industry, skilled in a plethora of technologies, requirements analysis enterprise architecture and agile methodologies. And it now is the principal architect for the MindTree blockchain center of excellence. And now to the host of today's webinar, MindTree's Radhakrishnan Rajagopalan, also known as RK, who is a senior global executive with an impressive background spearheading large program management technology delivery, product engineering, competency and leadership development. He is the general head of customer success, data and intelligence of MindTree. So now, okay, I'd like to hand over to you to introduce the exciting work MindTree is doing in this space. Thank you, thank you, Julian. Welcome and good, good evening, good afternoon, good morning people have joined us from around the world today. Pretty excited to be part of this webinar and hosting all of you. Just take a couple of minutes to kind of set the context in terms of who we are from a company perspective what we do in this area. And the relevancy that it brings to the table more so as Julian said, at the context of how the pandemic has impacted in, you know, in all of our lives, and how, you know this technology in particular is gaining traction and momentum and the need of the hour as well. We are a 22 year young company, you know, born digital company, doing IT services and digital transformation work for the past two decades, backed up by one of the India's largest industrial conglomerates called Larson and Tuba, it's a $21 billion company, pretty known for, you know, construction, heavy engineering, defense and such technologies and, you know, a very, very reputable industrial house in India, picked up MindTree a couple of years ago and we have been on a roll in terms of our growth. And numbers are speaking for itself here 1.2 billion dollar organization ourselves, completely focused on digital transformation, you know, very particularly in the emerging technology sector. Globally about 27,000 plus MindTree Minds as we call technology specialists are helping our clients accelerate their digital transformations and embracing the cutting and bleeding edge of the technology so that, you know, they impact their customers positively. Spread across the globe. We have offices around, you know, 24 locations, 24 countries around the world and we serve the global markets. Next slide, please. So as we, you know, as you heard from us in terms of our spread and where we are and why we are calling ourselves a digital transformation company. We have been focused on what is what we call as four by four by four strategy what it essentially means is the four selected industry groups were deeply where we deeply penetrate, you know, the retail consumer goods and manufacturing the banking industries and insurance travel transportation logistics and hospitalities which is going to be the key agenda today as to how blockchain and you know the technologies are going to be impacting in the, this particular industry and communications media and technology as as another industry cluster if you will, and we just got started in healthcare, we have started making investments in healthcare in terms of taking that to the next level. And similarly to the four industry groups we kind of formed for service lines which is customer success which is front-ending most of what we do. And as most of us know the pandemic in the last 18 minutes have accelerated a lot of our customer, you know, investments in how they want to be increasing their digital footprint most of our customers irrespective of which industry group they are embracing some form of digital transformation so customer success leads the pack in terms of providing systems of engagement, better user interaction footfall and digital accelerating digital initiatives. That's been one of the biggest service lines for mind tree, followed by data and intelligence as we know that they know nothing moves without personalization these days you know irrespective of which industry we're coming from data plays a very, very important role how it's very closely tied customer success and followed by cloud and as we know that cloud has become the center stage of the infrastructure that's actually enabling all of this data and intelligence and customer success technologies and then the enterprise IT, which is into the traditional enterprise resource planning enterprise application services human resource applications on and so forth, with a very strong and powerful consulting group which kind of lose all of these technologies and service lines together that will enable our customers to get on to the digital transformation journey. The last four represents the geographies that we serve, which is the, you know, the markets that we serve North America, UK and Ireland continental Europe, Asia Pacific and Middle East and we've been pretty aggressively investing and growing in these geographies just pretty much sums up you know what is mind tree strategy in terms of how do we take the digital transformation cutting edge tech solutions and technology store clients using these industry groups and so with the service lines and the geographies that we serve. Now, coming back to the main attraction of this show today is, you know, the mind trees blocks in practice and why we are too keen about, you know, investing in this practice and working with our clients to transform, you know, their digital journey, using the blockchain and hypers, you know, hyper legit kind of technologies. We incubated started a founded this blockchain practice way back in 2016 with a small footprint. Mind tree found the necessity to get started on this be strongly believe that this is a technology that's going to cement the future part of the digital transformation journey or client stake. So, across a spectrum of consulting services engineering services technologies and partnerships, we laid out a clear roadmap that this is going to be one of the future technologies that we need to embrace. From that perspective, our investments in 2016 and creating the center of excellence around blockchain and related technologies actually given started giving us a dividend. You know, a number of client engagement is proof of concepts helping our clients getting into the advanced stage of moving into this technology as you know, allowed us to come up with the use cases which we can leverage across our client base. The helping our clients in terms of, you know, how do we even embrace the technology like blockchain how do we are you ready or you feel ready to embrace this technology. What are the responses that one has to form. So do we have an assessment methodology from a consulting perspective that we can help our customers bootstrap into this technology area, helping them choose a platform, building products and solutions around these technologies and bringing innovation to the table with the forefront of what our clients want us to see contributing to the, you know, open source, you know, technology stack as well. I mean, we are happy to be partnering with the multitude of technology vendors in this area, particular Hyperledger family, being part of this blockchain moment is one of the, you know, biggest investments that we have made in the last 18 to 24 months. And, you know, that shows up in how much the analysts are embracing as we can see it for yourself in terms of BPISG or Wilson Hall, the recognition that we've been getting from some of these and analysts are mind blowing. You know, I think this is an area to be invested. This is an area that might we will continue to invest and stay for a long, long time, and we'll continue to maximize our investments working with our clients very closely and start contributing to this open source community as well. I, you know, I know there is an action packed agenda today for the next 45 minutes and happy to be part of the sessions. I'm looking forward to have an engaging discussions with all of you. Hopefully, by the end of this you have good takeaways from this webinar and this final discussion. With that, over to you, Julian. Okay, thank you. Thank you. Okay, that's excellent. Wow, it's great to see all the fantastic work and definitely great to be, you know, I think you're very much part of the Hyperledger community Hyperledger family and seeing some great stuff coming from my entry so thank you for that. So now we're going to move to, to our discussion topics. The first topic we're going to do today so we have six different topics. The first era is technologies to transform aviation. So for that I'm going to actually ask a question maybe to Niall Adnan and Yuan. So we all know how this pandemic has impacted commercial airlines and air cargo. So these industries emerge from the pandemic. What are some of the key technologies that have the potential to transform and drive growth in aviation. So I'm going to put that to Niall first. So Niall. Thank you Julian, and good day to everybody. I will take the perspective from an air freight point of view. And what we have seen is that the whole COVID situation has seemed to speed up the process of embracing digital booking process. We have seen the rise of platforms to which airlines connect directly and open up their capacity to their clients to book directly, which on the one hand provides them efficiency. From a different perspective, it also allows them to price more dynamically, although that is not currently happening perhaps that much. But I do expect it to be a stepping stone for airlines to become even more responsive to changes in the marketplace and therefore tune the pricing relative to demand and supply. A second element that is now yet seem to be coming to fruition. I mean, if I take a step back many years ago we had all these airlines are my big data, but it was questionable to what extent people were truly implementing it. I see now more and more and AI is definitely artificial intelligence, a buzzword. But I see now more and more practical examples where people are using AI, for example, to book how much cargo capacity is available on passenger planes, depending on whether passenger loads and what have you. So it's being used to predict at a far more granular level than some of the traditional tools that were used in air freight. So things have been, yeah, I would say speeding up in the last 24 months. Okay. And Adnan, would you like to add to that for those comments? Sure. Thanks. Hello everyone. Are you able to hear me? We are able to hear you absolutely. Yeah, okay, okay. So I'll kind of talk about more from a passenger airline perspective. And if you look at from a passenger airline perspective, I mean, there are two post COVID challenges, there was the near term challenges which was around surviving the pandemic which was around controlling cost insurance safety. And more of them still remain as challenges, including the staffing staff productivity in other areas. There is also the midterm kind of challenges which are around recovery and revival, which is, you know, the demand patterns have kind of changed. And there's kind of revenue compression that you're seeing. There's also a lot of legacy that is there on passenger side. So, given that perspective, I would say the three things that are more kind of on the airlines agenda from a technology IT perspective. One is modernizing the core and when you're saying modernizing the core, it's around decoupling, it's creating resilient architectures, doing a lot of platform creation. And I think a lot of those technologies kind of come in because airlines have been on the, on the, on that old legacy technology for quite some time. The second area, of course, is around digital transformation, where we are seeing quite a lot of new technologies coming in, you know, contactless travel is a big thing. And we in mind tree are doing quite a lot of contactless travel work today for our customers, be it large hospitality chains or car rentals or airlines, we are doing contactless travel and this is like you know something that as a traveler you and I expect more and more contactless that digital transformation is happening. The other area of course is around the whole idea on digital health passport which is kind of taking more precedence to. And of course, virtual agents, the loyalty relationships have also changed on the digital transformation agenda where you're now looking at more partnerships. And you know, there are examples around the airline industry where American Airlines Blue and Alaska kind of tied together. There's quite a lot of examples where these partnerships are evolving and and airlines are trying to kind of take advantage of that. And then there's also the innovation agenda which is around, you know, how can we do cognitive calls it does how can we do different kind of things which are addressing the pleasure market which is the business and leisure combination market. So these kind of digital transformation agendas obviously are using up quite a lot of new technologies that have to have to come together and kind of form that that amalgamation in order to move forward. And the final area I would say is around controlling costs, which is going on the enterprise side is just going on the IT operations, which is on the operation side for an airline. And all those areas require modernization as well as investments for let's say MRO or other areas on the offside to keep the costs down. And I think those three things, and the technologies around those three things, modernizing for digital transformation and controlling costs, kind of some of the ways in which the short term agenda will work. Okay, just three three kind of areas you're looking at right. It'll be interesting is more about modernization or cutting costs. I mean, hopefully both can come together right. Exactly. And you on and do you have any opinions on technologies. Thank you and good morning and good afternoon everybody. Yeah, I think I agree from a technological standpoint on the digital side of things. Definitely there is a lot of use cases that we just heard, but they are around the technologies of, you know, big data cloud computing predictive analytics business intelligence and those technologies are here they've been around for many years they are evolving. And while they evolve, you can capture new use cases that are better and better and better. And I think aviation has been using a lot of these technologies for many years, right. So from the personization system on the aircraft is using artificial intelligence and it's been around for 50 years. So there is a number of things where aviation has been pretty pretty early user user, and we continue looking into that the limit comes to the scale and having everybody using the same thing but from a competitive standpoint, we do all players can and are using a lot of these these technologies. When it goes beyond digital transformation. So there is a number of technologies that in my view are transforming or will be transforming aviation so if you think about all these new manufacturers that are doing vertical takeoff and landing. There is thousands of of aircraft that are being ordered as we speak, that will revolutionize the way we travel and they will be enabling what we call your ban aviation. That will be a game changer looking at companies that are looking at a speed of sound flight. So companies such as boom, like what used to be concord etc. So, so all these will transform the way we were doing aviation can think electrical vehicles right can think drones, and you can think sustainable aviation fuels. All those transformation or those technologies that are not necessarily from a digital nature will also transform aviation in the in the near and the long future. That's that's some amazing stuff there right. A lot of future. So, so let's let's now look at blockchain so we go to the next next discussion topic. So I think we talked about immersion technology obviously blockchain is one of those, and we kind of held back I know the first question because of that because we're now going to focus in on blockchain. So I'm going to ask Santana. So to what degree do you think blockchain is being deployed in aviation today and going forward. Sure, Julian. Hello, everyone. Good afternoon. Good evening. Good morning. I see this particular industry in two, I mean, in total eight different segments and I see the first is like you know the identity part, the provenance and the visibility, the passenger reconciliation, the payment reconciliation, the value exchange pressing the ecosystem reconciliation and the tokenization. So all these use cases but we understand are can also get you know segmented into small small pieces. And if I like to know share some data here is you know, standing in 2019, nearly 423 USD million was invested for aviation in blockchain. And you, I mean having a CAG rate of 22.7% it is estimated that nearly 1394 USD million will be invested by 2025. Now if we see the original data that nearly 1000 of you know the use cases where tried in 2020 and after only 14% of them went into production and that too within that 14% only 1% is in aviation industry, Julian. So what I see here is the total transformation from the existing the current state to a transformed state. And the main five pillars are the, if we see in the blockchain which is helping this particular transformation like you know the distributed, the decentralized, the immutability, the encryption and the tokenization. So all those five channels are helping the total industry from the current state to the transformed state. Julian. Okay, excellent. Can you hear me. Yes. Oh, excellent. But can't you can you see me. No. Hi Christian. Hi everybody. Hi. Hi. So, but I'm, I'm actually only a viewer. Yeah. So, so next we're going to go to get so Christian do you have any views on that or I was going to go to one right so Santana you've done all the, you know, some great overview of some of the things but Santana you were going to, I mean we talked before you said, and I think you're saying that basically, that the challenge with the aviation industry is, is it legacy systems. Do you what do you see is the challenge, as many other industries I think a further ahead in blockchain. What do you see that the challenges from the perspective of the aviation industry when it comes to blockchain. So Julian what I see mainly it's not the technology. And the main challenges is, you know, the understanding the use case that's very specific that where the particular use case will be fitting into in this particular industry how much the ROI will be given, and the main thing is the creating the consortium because in the total value chain on this industry, all the stakeholders should be, you know, agreed upon to be on in, I mean, in that particular chain system, so that the, the output, the, the, I mean the total end result should be you know the optimistic. So to reach that particular state, yet I mean it is the aviation industry is yet to like you know, go into that particular mode to attend that particular level. Okay, great. So you on do you had I know you're talking about some some of the challenges right so I think you're talking about. I think I've won the big areas would be regulation right having a modernist maybe regulatory framework. Do you see that. How do you see that that working moving forward. Good question. Thank you, Julian. I think, well, in the framework of what I had that does we are launching standards that are using been used worldwide. It's often like the different nature genius regulatory frameworks become a challenge right so so maybe you have found very good technological solution. And while you're trying to deploy it, you hit different roadblocks in different countries, because maybe I don't know if it comes down to replacing an established player or process in a given country. Your process needs to be accepted right, and maybe you must continue going through the established partner or process, and therefore it is a break to worldwide adoption. And that often is the case when you touch regulated areas such as payments or things linked to to maybe accounting or other other matters linked to taxation etc that are heavily regulated. And that in our views is getting better you have more and more companies and sorry and governments that are becoming more transparent and clear on what is their views with regards to technology such as blockchain. But it's not always the case, and I think that that becomes a break to worldwide innovation, because it's challenging to create something that is accepted by everybody. We could give many examples as you've seen on, for example, cryptocurrencies accepted or not by different governments around the world and changing their mind. So that doesn't help it when it when it comes to worldwide adoption of a certain standard. Yeah, because you said there's a lot of regulation in the airline industry. You also I think we talked about the fact that there's a lot of legacy technology that exists that works today. But do you see do you see any barriers to that or or benefits moving to blockchain to help that. Oh, the benefit and the opportunities to leapfrog. So certain certain systems that are especially the ones that are more industry utilized common infrastructure and solutions might be using and not the latest technology out there right. So, so often like they might be an opportunity the risk always comes to how do you transit from the current world to the future world without disrupting the operations right. So you have billions of people traveling fully with after COVID that will come back to to big numbers but how do you stop using that and transition that that is always the key. Right now, you know, many of the airlines are going through difficult times with the current situation going impacting volumes. So there are voices and well now it's the time to migrate to to future platforms and technologies because volumes are down. But at the same time you don't have the money is necessary right so it's kind of a challenge how to do that but but to answer your question yes. There are opportunities and there are challenges. I think in some parts of the aviation space we still use technology from the 60s right and that at some point will need to to transform and the opportunity probably is to leapfrog in certain cases. Okay, excellent. So, so I think we've got some great cases then and I think that obviously we have the use case right for blockchain so maybe we'll now look at specifics go down a little bit further down into the areas within. Blockchain obviously air cargo has been an area I think that has not suffered so much I think we're all buying stuff from Amazon, and stuff has been flying around even though that maybe that is a challenge right. So, maybe I'll ask this to Santana again is, is how can blockchain benefit air cargo. We're hearing about potential blockchain in areas such as streamlining document managing tracking settlements. But you know there's also a challenge. So maybe Santana you can talk a little bit about that. Thank you Julian. Next question. So, if we see that when this pandemic started, mainly the travel, I mean the traveling industry it went down, but the cargo thing I mean the cargo industry you know it was there it was picking up again and it is right now also it is picking up. So, in, if you see from the 60s as your own goal that some of the you know the already existing solutions are mainly from the document transfer if you see our hazardous to change mainly the ownership, even for the time and cost in the document transit. Maybe there is a chance of documents getting stolen or documents getting lost. The storage of the documents in the warehouses it is like you know pretty huge and there is a huge challenge what we see is when we are interacting with some of the plants they are seeing it's like you know, big warehouses are there because they need to keep it for 10 years of documents. And there is no automated transit of the information when it is coming to the payments in in in connect with when the document is there with that particular stakeholder the previous people, the previous stakeholder should get paid immediately so that particular product is missing in the current industry. So, what we need is, we can see the blockchain can provide is something secure fast, which is like you know automated flexible, interoperable trustful confidential. You know the user friendly platform to like you know immediately, which which can you know immediately initiate the payment in the background, and with the help of you know the wallets which are there already with all the stakeholders in the value chain in the ecosystem. And we can see that the payments, no need of like you know waiting for 45 or 60 days, it can be initiated the payments can be initiated to the Fed forwarders or the ground handlers or whenever it is required to the payments can get immediately initiated. Julia. Okay, excellent. And one do you have any any comments beyond that blockchain. True that I think well I had to has quite an extensive digital cargo agenda. It's a recent number of initiatives that I had ties is pursuing and help other members. The point here is the same that there is a vision of having data sharing is fully digital end to end visibility of the shipments both to the older stakeholders. I think there is a number of projects around this. And I think the challenge is more on on how to get to that end state. What we could do, I think it's been discussed for many years. It's, it's a challenge more on how everybody decide to, at some point, go and do it. Absolutely nice slide before. Absolutely agree with what has been said. Sorry. Sure. I just wanted to add. Yeah, as we as we're looking at blockchain in your cargo I mean, of course there is this the with the, if you look at the today's trend you know the supply chain issue on the sea cargo right there's a huge kind of there are a lot of bottlenecks today. I mean, a lot of ports are closed in US the West West Coast ports are closed, and there was some closure in the Chinese ports as well. And that is putting a lot of pressure on holiday inventory to be moved, and you will see a lot of it is being booked through air cargo today. Now what is happening is, of course air cargo is not. I mean the prices have gone through the roof that's one thing but it is not a fully digital process as what shantanu kind of touched upon, and that is also doing that entire digitalization but as we move forward. I think this area will see a surge in what blockchain kind of usage, because a lot of the supply chain use cases that are already there you know where you kind of validate where this product is coming for whether it is temperature controlled vaccines or whether it's a product that is coming from the organically sourced place, all those kind of use cases which are supply chain use cases will also kind of come into air cargo and they will become more and more important so. So, in terms of the journey that I'm seeing this of course the journey towards digitalization and then there's the other part of the journey which is to take care of all the supply chain aspects, and that will be very heavily dependent on blockchain because those are proven use cases in supply chain. Yeah, there are supply chain is the number one or not one of the number ones after banking financial but you can debate that, but definitely we're seeing supply chain, and you can see that in the, I don't know maybe we see the trade Gspn is the global shipping and blockchain network, we have enormous networks globally that are tracking cargo on ships. So why not lanes, is that maybe I mean one of you or anyone have any opinion why that's different, or is that. It is, I think it's a journey, it is just an evolution. And so there's a step one and then the last step two, so it is going to get there. Okay, excellent. So I think a lot happening there in air cargo so now let's move to the commercial airlines and airports. So I think this is slightly different. Obviously, so the uses cases here. So it's been deployed in a blockchain has been deployed in commercial airlines and airports to make passengers travel safe and seamless and enhance the loyalty. Can you guys throw some light on the use cases. I believe such a seamless revenue shares across partners eventually management and co chair and I think, I don't think I'm going to start with you this time. Sure sure. Yeah, I mean there is a there's a huge change that has happened in travel during the pandemic and which is something that you know, being and I have been part of the traveling we've been part of travel for quite some time. And what was happening was there was a process that was defined and that process used to work very well you know it was disrupted in 2001, when the event happened, but since then it has kind of stabilized and it has come back to its, there is a very very well defined process and it used to work smoothly. And that process was you know what what we call as the above the wing process so it's a passenger processes that you that happened at the airport, or before the before you arrive at the airport and they used to work very and then this pandemic has happened. Of course travel already stopped completely, but as travel is starting and especially the international travel is starting and becoming bigger and bigger. The process now has additional steps that got added. And these additional steps are new steps to the travel process. Similarly, you had a very well oiled travel process which was working fine. And now you have these new steps that have come in. And that has kind of disrupted the whole ecosystem, and you're trying to then find new ways of solving that be it contact less or be it track and tracking identity. All those use cases kind of have now been loaded on top of it and it will take time for the industry to kind of come back and, and you know find a new defined process for this, this changed status, but I'm sure that is going to happen very quickly. So that is what we are looking for in terms of the different use cases that are coming in. Apart from that, the other thing that has also happened is, and as we went into the trans into the pandemic. The airlines did fleet rationalization and fleet rationalization led to changing their way their networks are arranged. So if they were flying 10 destinations they weren't they're now flying less than that, or flying at a lesser frequency, or adding new ways which are more leisure centric. And so the entire network planning kind of changed around it also, and that led to now, if a passenger wants to travel to a particular destination you don't have a flight for that, you're now looking for alliances between airline, court share, all kind of things. And that again changes the whole dynamic of the industry and we have to kind of bring in newer ways in which you can do revenue sharing or those kind of aspects and settlements post the the flights as well. So those aspects are coming in. The demand went to zero, you cannot depend on the past forecasted data, past data to forecast the future data so now you're now in a state where you have to look at a way in which you can define new forecast based on nearest data. And that again has led to newer use cases on merchandising and trying to find different ways in which you can, you know, get more people to come on to your book on to your airline, as well as to, you know, increase the wallet share that is there in terms of ancillary services that you're also providing. So all those changes that are happening will require payment systems will require settlement systems and that is where I think blockchain will become more and more important in the airline industry as we move forward. Okay, interesting. And Santani, do you want to add to that? Yeah, absolutely. I mean, thank you for creating that plane. I mean, it's really helpful for me because when I see that maximize revenue opportunity for any of the area it is, you know, it's a target to remain fair competitive while creating an opportunity to generate this type of incremental revenue, though the, I mean, through the sale of the ancillary products as you told. And if we see the main target is to like, you know, reach the customer globally and mainly whenever because right now after pandemic what we have seen that the amount of flight time has been lessened drastically. So if we can use that particular amount of time when the passenger is flying to, you know, the channel of merchandising, that will be like, you know, the customer choice or the traveler choice with the enhanced brand value which is needed to get, you know, get attached. So there is a need of like this, the channel consistency of seemingly seamlessly where the airport merchants can connect while the traveler is flying during that particular flight time. So I can, you know, view that particular way how the business can go up that even you can get to that. So this seamless revenue share across partners using during the flight. So how does that work with blockchain. What's the. So, if we, yeah, sorry. Yeah. Yeah, so if you see that the loyalty with whichever right now what we see that this particular loyalty thing the concept is there with each and every traveler. The traveler are not able to, you know, share, use this or redeem this particular points if it is lesser than a particular limit. Now if there is any option or opportunity or any platform where they can go ahead and use that particular, you know, that low level of points to like, you know, use a wifi or to buy a coffee or to have a drink while it is flying to the 60,000 feet above. So that way this particular seamlessly frictionless a connect with the customer will be there. Jillian, I think so. Okay, excellent. And Juan, do you have any any comments on that as well. I think I mean there is merits of potential use cases right and I think you gave a few very good examples law like from an asset tracing perspective you we touch on it on the cargo side of things for the supply chain but it could apply to bags or it could apply to spare parts it could apply to many things that are within the aviation spectrum, a frequent flyers programs could be tokenized that that is an excellent. So from another perspective in 2015 already we launched this I had a coin right so I had that coin was trying to have real time cross border transactions at very low cost right and that was going to help on distribution and payments so so it was going to your substitute to the current forms of transacting but also was looking at having an automation in revenue accounting by the usage of smart contracts right so so it was looking at doing that we did a number of testing with some airlines, and it was never deployed was never deployed for all of these good reasons after we discussed before the breaks innovation. The thing is we've been working as you know on this I had a travel bus right there's more in the health spectrum side of things. These passes utilizing also the the block chance in this case, sovereign to utilize the self sovereign identity concept and and and helping with that that our member airlines and the industry to reactivate travel with it's helping to manage cobit tests and and vaccine certificates. So there, there is another application that has been accelerated due to the necessity of, you know, reactivate in the industry through through cobit and is being deployed in large number of countries and a number of airlines are testing it. So this is another great use case where, you know, things have been accelerated due to the burning platform right of it. And we could think of many others I think in 2018 we published a white paper with a long list of potential use cases. I think each one of those could be could be analyzed in a little bit I believe that payment smart contracts tokenization asset tracking, definitely, and you can apply that to a number of specific use cases. Okay great so a lot of great use cases but I think the one that you mentioned there which we're going to go into next is self sovereign identity right and the use of passes and that I think cobit has been an amazing catalyst for that so I think and then you're going to go through some and talk about some of that and particularly some of the stuff that maybe my entry is working in this area. If you could share that great. Sure. Thanks. Thanks, Julian. So essentially, you know what is happening is we work with a lot of airlines and a lot of them are large network carriers, and in the on the digital side, there's obviously the mobile platforms and the web platforms. We also work on the departure control side which is to manage the whole check in process. And what we've seen is that there is there are multiple standards that are kind of coming in. I had a has a travel pass at the health passport travel pass standard there is a digital green certificate from the European Union that is being conceptualized there is also other standards that are coming up in different parts of the world. And what we are seeing also is from an from an airline perspective you look at it from an airline's view. The airline is mandated to do certain things, you know, whether it be it entry requirements or changing entry and changing restrictions by country by different kind of places, or be it the tests that have to be done or be it the vaccine information that you have to carry. All this, these three things are kind of becoming. I would say they will stay here for some time as we go forward. So what we were looking at is we were looking at creating a solution on blockchain which is similar, which can be leveraged under the different kind of various standards that are available today and can help in terms of bringing these three things together. So that is our our solution we call it the mind trees digital health passport. And basically it is a combination of different kind of technologies which will give an airline a long term platform where they can create a help these new processes that have come up in the traveler journey be it the processes around the entry restrictions or the processes around vaccination or process around tests and that solution, the way we are kind of building that solution we're building it on hyper laser with even in I think travel passes also anyone can talk about that is also built the same way. But what we're trying to do is we are trying to kind of bring it in in terms of a solution that is a plug and play solution for an airline so we have quite a few customers that are interested in how to plug and play this this thing from our from an airline's perspective, and that is what we are trying to bring to the market. And you will see a lot of this details being rolled out as we move forward. We are doing a formal launch so store lawn and you will see that launch coming up very soon. Excellent. Excellent. So, so we've seen that I mean from hyper ledger we're seeing that self sovereign identity has been a topic that has been has been in a top of mind that's a great solution. And maybe you could talk maybe maybe you want to say a little bit about what a self sovereign identity is maybe spend a few seconds on that so people know what you mean by self so and the benefits of it. Sure, so essentially the idea is very simple the idea is it has been there for quite some time, which is to take the identity and give it in the hands of the user. So the user is able to then provide the identity to any, any consumer any in any kind of organization that needs it. And that is on the prerogative of the user to kind of provide the identity information. So it can be also compartmentalized so you can have, if I want don't want to give all the information if I want to give let's say only my health information I can only give my health information. So that's that power is something that is kind of helped by blockchain and is helped to sell sovereign identity as a solution. So there's a whole, the whole privacy thing so you when you're sharing your, your, your information your, your, your certificate, you're only sharing the information that the customs officer needs to see or whoever needs to see they don't need to know all your other, your other other information And the sharing is everything is cryptography is built into the basic of of blockchain so everything is secure in the way you're sharing it, because those keys are obviously there's encryption and there's the key. So I think that way it's a it's a much better solution of managing identity and managing different kind of credentials. Excellent, I think we could talk about this one, but this really has, I've seen self sovereign identity just a while and said what they're doing so this is a great technology that really is I think COVID has really accelerated it, but we haven't got that much time left so I'm not going to look at the next one and look at the chain of challenges with tech implementation so we've got these great solutions. What are some of the challenges with this tech implementation, particularly like blockchain, you know change management flat files so I'm going to now go to to Nile right so maybe we talked a little bit you saw some of the challenges. Could you could you talk a little bit to that. Thank you for that. If I would ask 100 people in your car industry, what is blockchain. Yeah, I would expect to get 100 different answers. I don't think there's a lot of that there is not even a high level coming on the standing. What it is what it can do, besides what they might read in the paper. And what I what I get from air cargo magazines that there's there's more talk about the potential than about the actual success. So when it comes to this kind of tech implementation I think there's a lot of education to be done on what it could do and it. The difficulty now is just bandwidth. The tremendous strain there is now on airlines forters and shippers alike, just to get the day to day stop moving. It's going to be very difficult to find a listening ear within these organizations, let alone if you would like to do something throughout the chain, just getting attention and access and funding in this current climate is, I think is very difficult. That being said, you know, there's never a bad time to start educating. At the air cargo point of view, there is still a long way to go. This industry does not have a good track record in setting standards. If we put aside security and safety and measures as demanded by IATA of collaborating. So I think it's, it's, it's a tough, tough cookie getting something that is encompassing so many parties. Yeah, to get that implemented. Let's talk to what you are and said in talking about in terms of regulation and the regulation was, we talked about, I talked about the shipping industry, which has got got tracking containers around the world right. So, yeah, so it is different in the aviation industry. You think it's, it's going to be the challenge that is happening. I think the issue is, can you find that is blockchain there to replace stuff that is already happening. There potentially a new, like a leapfrog, a new news case, which the current technology cannot really support. There might be the potential but replacing something that is already there in place. I think I will be a bit on the, on the skeptical side there. I think it's a tough, a tough one, right. And maybe you've seen previous challenges, right. So, so, do you have any, you talked about leapfrogging technology, right. Correct. And the opportunities there, then there are the challenges. So, so it's saying it's exactly that. So, if the standard is not used by most of the people you do not unleash the benefit right so. Yeah, the typical example is, we could invent the mobile phone and you and I, Julian will be the only ones having mobile phones so it will have certain value, but you unleash the value when everybody has a mobile phone. So, so here is the same you could create the best standard to have the best idea, but if it's not, you know, followed and endorsed and used by the largest part of the business, you do not unleash the benefit right. And for me, blockchain will do to intermediating companies, businesses, what email did to the postal industry. So, so it will replace a number of things that the power and the wisdom of the crowd is going to replace trust the business of trust being it for money in notary services registration I mean all the use cases because before if you trust your community to be the ones guaranteeing that something is true. And at a fraction of the cost of what equivalent will be today to go to public notary or bank or others. There is the opportunity right there is there you will be impacting some of these intermediaries and reducing the cost for all. Now, that theoretically is very good that there are limits to full this intermediation right put the example, you know, all these potential billionaires that lost their private key, and they cannot access their bitcoins right. So, when that happens and you have a bank, you just go downstairs, hey, hi, here's my ID, how is the family you have a coffee, and they give you no talking to get back into your online. Now they will charge you 20 bucks, but that is the value of intermediate. So you need to choose. Okay, excellent. And Santani, we've got a minute left. Sure. Julian, I mean absolutely I mean, although, you know, the points and the challenges mainly on the governance perspective, I see the challenge. And also, I mean, the first, you know, the statistics which I started with this in 2020, if we see only 14% of thousand users went into production and that one person in aviation. So, we can see that the ball is moving, but it is the hindrances and you know the resistance is there, because of the standardization of the online me mentioned the complexity of this particular. The managing the network which is already existing and the legacy system which is on the 60s it is there. So it is, it is, you know, taking time to help the people to realize original value so people are, you know, in mode of learning and more getting you know educated on this particular one out to use this with other technologies I'm all committed with like you know a ML and others which are none and you are mentioned in the first question so yeah it is, it is taking some time but of course that's the future which is coming very soon. Yeah, so I think I've just about run out of time so you can go to the last slide the next slide with the q&a so we didn't have much time we've got lots of questions and we will try and answer those. But if you have any more questions please here's some people that you can write to. And also we have many collaborative environments that you maybe go to the next question next one as well. So the q&a, there's many ways you get involved in talking about blockchain and what we're doing, particularly, I think we're going to do more and more around the aviation particularly with mine tree as we discussed today. So I think we just just started the conversation today right. I think there is a lot more involved and I really do thank everybody for you who are listening to this thank you very much for for attending. I would like to thank you mine tree for for for being part of this and organizing helping us organize this. I like to thank RK you on Nile admin sent to for this great discussion. And I think we will continue this and this is just a part of the journey right. And I thank you again to the audience. It's been a very interesting hour. Please take care everyone keep safe. And I hope to see you all soon. Thank you very much. Take care. Thank you. Thank you. How Julian. I think we still have lots of people there right. Yeah, I was wondering. We still have 24 participants. Thank you everybody. So, yeah, so why don't we, why don't we connect again soon. Okay, take care everybody. Yeah, yes, yes, yes, yes. Send us a link. I'll send you a link.