 of our member and series that we start that we do with members as well as project leads. So we're very excited about it. A couple of housekeeping rules just to keep in mind. Please make sure that you follow the antitrust policy, all our Linux Foundation meetings, webinars, etc. Follow our antitrust policy. Please take a look at it. If you have any questions during the session, please raise your hand and I'll be able to address them. Please note that the session is being recorded. It's also being live streamed. And Igor, if you can put into the chat the live stream URL when you can, feel free to share it with others who might not have registered to watch the live stream. Last but not least, after the session, the video will be available for viewing. It will also be uploaded into the hyperledger webinar library as well as YouTube and will provide the slides that Daniel and myself will share. A couple of things to make this session the most productive and the most valuable for both the speaker and the attendees is get the most out of it. You know, raise your hand if you've been on zoom before and I would guess gather that a lot of you have. Use the race fever hand feature. If you want to be unmuted and speak up, we'll go ahead and open your voice line and you can ask a question, engage in a conversation, etc. If you prefer to just ask questions using the Q&A area of the zoom, go ahead and click on that, ask your questions, and Daniel and I will be taking a look at it and going through those questions. And last but not least, we're a community. We are here to just like if we were in person at an event, just hear the speaker to meet one another. Please feel free to add comments and talks, but please do be respectful and follow our guidelines to make sure that we are nice and fair to everybody here. So once again, just a reminder for those who are joining us who are not familiar very much with the Hyperledger community. We are a collaborative open source software community that has been for the last six years focused on enterprise blockchain projects. We are hosted by the Linux Foundation and we welcome all developers, business, technical leads from various countries. We have regional chapters which you can participate in a meetup community that's very active and obviously many of the developers and the companies that are building using Hyperledger technology. We currently have 17 different projects within Hyperledger and you can see here there's a lot of project names and a lot of distributed ledgers, libraries, tools and domain specific and we just added another one that got approved by our technical steering committee called Firefly. So I encourage you to take a look at our website and see some of the other projects, but today our discussion is going to be focused on Hyperledger Bezu which is a Java based Ethereum client and primarily with Daniel talking about Palm NFT which is a very exciting project in the NFT space that I'm sure you've heard about. Just a quick history of Ethereum and Hyperledger. You know sometimes I joke about Ethereum and Hyperledger kind of being like who put the peanut butter in my jelly kind of story because a lot of people don't know that the Ethereum community and the Hyperledger community have been very collaborative since very early on and even you know from an Ethereum perspective you know consensus was one of the original Hyperledger founders in 2016. After 2016 we had some projects for example Borough that was admitted that had an Ethereum virtual machine and that EVM was actually adopted across some of the other projects including Fabric and Sawtooth. In early 2018 we decided to partner with the Enterprise Ethereum Alliance and this was a joint collaboration where we were able to participate in EEA activities and the EEA was able to participate in Hyperledger activities as well and that has continued going on forward that as we work together in the ecosystem. In August of 2019 we had the honor of having Hyperledger Bezu be accepted as a project and maybe we'll get Daniel to talk a little bit about that process because he was one of the folks behind that and since then Bezu continues to become a very active project within our community that we continue to provide a lot of resources and for. The Hyperledger and Enterprise Ethereum you know in 2021 the Forbes blockchain 50 also had 21 of the companies using Ethereum and Enterprise applications as well as many of our other Hyperledger projects like Hyperledger Fabric. Hyperledger Bezu as a project is one of the four mainnet compatible Ethereum clients supporting future hard forks and the Bezu community has done a lot of work I encourage you to look at the developer chats and the lists and attend their calls if you want to hear more about that development process. There are many Hyperledger member companies that continue to come on board to support Bezu and that community as I mentioned continues to grow. So a couple a sample Bezu Hyperledger Bezu use cases that you might be interested in looking at. Finality which has the utility settlement coin this is a CBDC wholesale payments project that includes 15 different institutions and there are other CBDC projects like the Bank of Thailand and Reserve Bank of Australia that also have been using Hyperledger Bezu and Bezu recently was also part of the submissions for the monetary authority CBDC challenge in which a challenge finalist was consensus in Bezu. So very exciting work happening in the Bezu space in the CBDC world. Another sampling is at Lack Chain they're built they've built a Latin America consortium on Bezu for a variety of different use cases including a COVID-19 and a COVID vaccine tracker and that should say COVID-19 not David-19 and very exciting project really building Latin American consortium's blockchain. Another use case and you can see the full use case available on the Hyperledger case study just go to use and case studies is post Italian in Italy and they let the customers they built a loyalty program using Hyperledger Bezu which has become quite popular so I encourage you to read that case study. But last but certainly not least least and there's certainly more Bezu use cases out there is Palm NFT studio. So without further ado I'd like to introduce Daniel Heyman he is the co-founder and CEO Palm NFT studio. As I mentioned Daniel has been in the Hyperledger community since 2018 and was part of the team that brought in what was called Pantheon and now it's been called Hyperledger Bezu. So Daniel let me go ahead and just share the slides your slides with you. I overcame the video conferencing hurdles and I can share now if that's easy. Yeah that go ahead I'll stop my sharing you can go ahead. Sweet. Thank you for the introduction Daniela. Yeah it's been it's been really rewarding to see how Hyperledger Bezu sort of taken on a life of its own within the Hyperledger community and projects around the world and so if if any of you in the audience are considering contributing projects to the Hyperledger Foundation or interested in understanding what it's like to submit one and and how the community can really bring the project forward I'm always happy to chat about that big fan of the work the Hyperledger Foundation is doing to to bring these projects forward and I am yet to hear a firefly so excited to take a look at that as well. So you know quick quick bit about me as to you know why I'm talking and how I'm connected Daniel covered some of this but before co-founding Palm NFT studio I led the protocol engineering group at Consensus and that's the group that built Pantheon which we contributed to the Hyperledger Foundation and is now Hyperledger Bezu we also have an ETH2 implementation and sort of really focused on public blockchains but also private blockchains and enterprise Ethereum so something like 30% of enterprise blockchain use cases are built on Consensus Quorum you know which which Consensus and the protocol team there runs and the core of that is Hyperledger Bezu so it's a great protocol really versatile and we built a large part of our business strategy around the palm side chain which is running Hyperledger Bezu as well. So before I get into the technology I wanted to set the backdrop a little bit about NFTs how we think about them and why we think there's going to be an increase in NFT applications engagement use cases and volume as we move forward so when I joined the blockchain space what five six years ago now people were just sort of talking about non-fungible tokens and the things they could be used for things like credentials things like real estate things like land deeds and all that but what really happened on chain was crypto native art so we all remember crypto kitties and crypto punks now are huge fast forward a couple years and we're in this real cultural moment where collectibles and crypto art are huge we're seeing high value ticket sales we're seeing lots of money made probably a fair amount of money lost as well by some people we're seeing huge brands enter the space really keen to engage with the community and engage around this collectible ecosystem but our view at palm is that and palm NFT studio is that the collectibles use case while important is just scratching the surface of how NFTs will be used we really think this is a fundamental reorientation of the relationship between creators and fans and so you know if you think about it when I was growing up some of you are probably too young for this in the audience some of you probably go all the way back to records but when I was growing up I would have my friends over to my bedroom and you know to play after school or whatever and when they were there I'd show off my CD collection and the artists that were in my CD collection were sort of an extension of my identity my friends judge me or reflected on me based on the the creators I cared about and I was able to own a small piece of what they created and keep in my room and show it off and things I really cared about I hung up as posters on my wall you know those were I grew up in New York I was Yankees fans I was like Derek Jeter and Bernie Williams and Paul O'Neill those were the things I was really crazy about and in the last 20 years 30 years we've moved away from that ownership relationship between fans and creators to the digitally native streaming relationship where you don't own content you rent it and also the social relationship where you don't have necessarily an ownership-based relationship but you have an open relationship and there's advantages to that lots of advantages a lot more people have access to content than they did 20 years ago but there's a downside as well and it's the weakening of the connection between you know collectors or fans and their creators and we've seen that in a number of different ways and we've seen that in a number of different metrics and my favorite way is that the resurgence of vinyl collecting I mean I think vinyl sales have increased every year year on year for the last 20 years and the reason is people want to own something they want to be able to show something off and they want to be able to have that direct relationship and the key point behind all this is those items aren't expensive items they're $10 items or $20 items or really small items but they're items that I can show off and sort of have a piece and so our view is that NFTs are going to go on this trajectory as well the future of NFTs are not high value collectibles but those will still play a meaningful role the future is fan activation and fan engagement and so lots of NFTs at either low price points or free price points distributed broadly to a community and so when we were looking where to build it on hyperledger base who came into our minds because that future needs really scalable solutions and really reliable solutions for it to come to life but with that backdrop hopefully it makes sense some of the choices we're making and the tech analysis we've done to move forward with hyperledger base so there we go great all right so what is palm the sidechain you know we it's a ethereum sidechain so for those of you that are familiar the ethereum it's sort of the most widely used public blockchain in the world it's most of the NFTs that are happening in the world are happening on ethereum today it's where the crypto kitties happen where crypto punks are where most of the innovation is it's it's really the hub of the NFT world but it has a couple of challenges as well and these are well known challenges so the first is there's really meaningful throughput limitations ethereum as a community is working towards ethereum 2 with a sharded future that will solve some of these scalability needs but at the current moment there's sort of limits around 10 to 20 transactions per second depending on configurations and times the other part about ethereum right now as we all know is it's fairly expensive because of gas fees and so those range from like 20 bucks all the way up to a thousand dollars in peak moments so that's pretty eye-watering and it makes sense and it works for high value NFTs you know you'll spend a thousand dollars on transaction costs for a 69 million dollar people you won't really care about the transaction fee but if something's a dollar or if it's free or if it's five dollars that becomes really meaningful and then the other challenge with with ethereum is its energy in consumption and so we we built POM to be really energy efficient this is something that creators care about the brands care about the collectors care about and is something that's really core to everything POM sidechain and POM NFT studio does and so because of hyperledger base you we were able to configure a network that met all these and is compatible with ethereum and so it's a complement to the ethereum ecosystem where people can come mint NFTs on POM they can buy they can sell they can collect they can distribute and then if they ever want to do something on main ethereum they can move their NFT back across so so a little bit more detail on that the entire POM sidechain is built on hyperledger basu and as as you all may know hyperledger basu has a few different consensus mechanisms you can choose from you can choose to be compatible with ethereum mainnet per se the same consensus mechanism and run your node there running proof of work one of the other consensus mechanisms that you can choose is called ibft2 so that's a mouthful but it comes with a bunch of really really nice properties so low gas fees and fairly predictable gas fees which is really important in creating that cheap and smooth user experience we want high throughputs you know before we've optimized this for getting like 100 300 transactions per second we know very easily how to get that to 600 to 700 transactions per second and in consensus we've tested implementations around hyperledger basu they get us to 10 000 transactions per second and then the other piece that's really nice is it's 100% evm compatible so it's the same virtual machine that runs on mainnet ethereum just for the different consensus mechanism and the implications of that are that it's the same solidity code the same smart contracts the same tooling the same suite of apis everything is super easy to redeploy on palm as it is on ethereum so you can take advantage of the rich ecosystem that's already out there uh yeah and and as i said because it's so compatible it works with all all the tooling that's out there and so palm the sidechain is hosted by infira it integrates with some of the protocol labs decentralized storage metamask works smoothly on top of it as do other all the other wallets truffles developer tools and other developer tools like remix and anything you might want you know the open zeppelin smart contracts all that stuff works and so you can take advantage of 130 plus million users of ethereum and all the developers who already know how to do and build on top of these solutions and so we we designed the system not just to be easy to use but for what we call dap portability so for us it's really important that developers can build once and deploy across multiple systems and because hyper ledger basu is a fully mainnet ethereum compatible client we knew that the that we can build a system around hyper ledger basu that supports apps from mainnet ethereum or and just as easily an app that's deployed originally on palm could later move to mainnet ethereum in addition if that's needed and so there's a few different layers of the stack that you need to be compatible so first it's the api level sort of this green one in the middle inferior apis it's the same smart contract it's the same external piece and so if i'm a developer and i've already built my code and my app to run on inferior apis all you need to do is point towards the same endpoints on infura ones that are related to palm so that's great and as i said earlier it's the same solidity smart contracts we just need to redeploy the same solidity smart contracts and what's also really nice is the same assets that can come back and forth at the nft later so if you have an nft minted on ethereum or an nft minted on palm the sidechain you can move them back and forth and they can interact with your dApps on both chains so really designed for for flexibility going both ways that's super important because there's a lot of cool stuff already built on ethereum that we want to take advantage of on palm and also we believe in open systems we don't want vendor lock-in we don't want people to be somehow boxed out other solutions in the future if they choose to build on the palm sidechain and so that's where the flexibility is really resonating with some of our partners as well so you know since this is largely around hyperledger basu figure i'll just give some some run down the tech specs again it's an ethereum sidechain so that means it's compatible and sort of running off ethereum the assets go back and forth it's the same ethereum virtual machine it's the same smart contracting language it's the same developer tools it's the same apis there's a bridge that goes back and forth and this is up and running today you can go to docs.palm.io to learn more you can go to explore.palm.io to see some of the activity that's going on and to make daniella and the hyperledger foundation proud the client that all the nodes are running is hyperledger basu right out of the box so well that's palm the sidechain and then i'm ceo of palm and ft studios which is an nft studio on top that builds exclusively in palm the sidechain and so we partner with leading creators ip owners and folks wanting to play in the nft space to help them develop their work and so when when i say help them develop their work i mean both creatively and technically we've invested very heavily in world-class and leading creative skills we have world-class and leading technical members we sort of have invested very heavily as well on building a community of collectors and working with the existing community in all those pieces so if you're an ip owner interested in nft as we we're here and keen to help here's a couple projects that have been deployed on palm the sidechain already so the first the probably the most well known is the currency by damien hurst so this was done in partnership with henning for those who don't know damien hurst he's arguably the most influential contemporary artist of the moment i mean he's sold works you know i think he's done hundreds of millions of sales and works for high value and super super famous stuff and he had 10 000 nfts created to correspond with 10 000 physical unique pieces of art and there's a cool little twist on this where nft owners have the option to destroy their nft and be sent the physical piece of art and after one year if they don't make that choice we're going to burn the physical pieces of art and you'll be stuck with the nft so it's a bit of an experiment using this technology to understand what does it mean to own something what do people what is our what do people care about in the 21st century and i personally believe that more people are going to keep the visual and the physical but when i talk about that or suggest that to you know my my mother or my uncle or people who sort of don't live in the digitally native world it's it's unimaginable for them and so i think it'll be really interesting to see the share that gets burned for some data these were sold for two thousand dollars each so you know two thousand dollars times 10 000 you can do the math we originally value the collection of 20 million this slide was is two weeks old now so it was originally 40 million dollars in secondary market sales i think now we're over 60 or 70 million dollars in secondary market sales and so as we all know that nfts the artists can keep getting royalties for this he damien obviously did fairly well off the primary sale but he continues to make money on every secondary sale and so these assets are actually it's really exciting the way they change hits i think the other thing that's really interesting to me is the way people value things so most of these 10 000 uh they sell at a sort of a similar price they're fairly interchangeable but there a couple different characteristics that people have identified to sort of buy and sell at a premium and so the pieces that have one word titles they seem to sell at you know like a 20 to 50 percent premium and same with the pieces that have curse words in their titles they seem to sell like a 20 to 50 percent premium uh don't ask me why i think it's kind of fascinating when when we were reviewing the project we made predictions on which ones if any would be considered relatively unique and at least for me that never crossed my mind but it's an incident it's an example of how the market and sort of these open systems can shape projects in ways that we don't even understand or expect so a completely different version of uh of what we've done is we partnered with nfts.com and Warner Brothers to to do a project around space gym and Warner Brothers had this goal of using nfts to promote their new movie release from the summer which you might remember we were able to distribute over 200 000 nfts with over 130 000 accounts created 150 000 social shares and at a rate of sort of five transactions per second so it got pretty pretty active for the nft space um in the moment and this is a different example of me and most of these were for free i think 12 000 were sold but the rest were given away for free um the revenue was a nice win for everyone involved but the real goal was to try to activate and engage a community of fans around the movie release and this number of 146 000 social shares is sort of astronomical right the the rate of people who got this thing and then decided to distribute it and share it out and amplify it speaks to what i was talking about at the top of this presentation around people really wanting to own a piece and make it part of their identity and then brag about it and share it and recommend it and talk about it um and these things aren't just one-off static items now they're doing additional releases and additional games around the original entities were dropped so if that's of interest go to nfts.com and you can you can check out some of the ongoing six jam work as well so uh yeah just on time sort of 30 minutes 30 minutes in i i would be yelled at by the rest of my team if i didn't say the necessary we are hiring spiel we're hiring in all departments we're really trying to grow the team in both creative technical disciplines product discipline solutions architects technical writers people operations hr recruiting like we are hiring in all departments so if that's of interest careers at palm.io or just feel free to reach out to me directly at dan at palm.io as well and with that i think we can pause for questions yeah wonderful great well thank you dana i have a few myself as usual but uh there's a couple already coming from the audience so once again just a reminder everyone if you have any questions there's three options one raise your hand and i can call on you and if you are interested in speaking i'll open up your line and you can ask your voice question you can also ask the question via the q and a panel just go ahead and add ask the question in there and we'll get to it or just quick you know quickly just add it into the chat so i'll go with the q and a question first and then i'll open up to krishna dan there's a question from chrispen cortney um our multi wallet royalty supported use case rock ban equals band members manager agents etc yeah so it's a great question i think it's worth flagging that palm NFE studio we're not a marketplace you know we're not the the venue where people buy and sell it's through nifties.com or henny.com or you know Warner brothers and through our partners and so from a technical perspective multi wallet royalties are supported on palm the side chain on aetherium the question is enforcement by the marketplaces the places where you buy and sell and so i'm not sure about the specific marketplaces that exist on palm network which ones do support that and which ones don't but i can i can double check and circle back okay krishna did that answer your question if you have any other questions i uh allowed you to talk as well oh hi um yeah so hi that tracks with everything else that i'm seeing um for royalties um i did have a kind of a follow-on is it possible meant uh say 10 000 NFTs on the side chain and then start bringing them over to main net yep yeah so of the 10 000 Damian Hearst for example i think about 1500 have been dropped back over to main net something like that maybe the number's gone up a little bit now um but that's exactly right and so it kind of makes sense for Damian Hearst right um those pieces started selling for two thousand dollars each they went up to 60 000 uh sort of floor price at peak i think they're probably around i haven't checked in a little while someone correct me if i'm wrong but they're like thirty five thousand dollar floor price last time i checked for thirty five thousand dollars you probably don't mind paying a couple hundred dollars in transaction fees exactly on main net so i have quite a few projects like that um they don't want to pay two million dollars in minting fees obviously um but they do want to mint it in one batch and then sell it on um main net because that's where the party's at yeah so the other pieces i mean i'm happy to talk about this now or offline selling strategies like where main net is much more effective right now than anywhere else is for secondary markets we're seeing pretty successful primary markets on different chains and you can accept eth in the same way you can accept fiat and then distribute on the actual asset on the side chain so depending depending on your goals there's a few different approaches to make it happen would that be using a service like circle circle uh coin payments coin based commerce to pay there's like half a dozen out there that are effective thank you okay uh christina i'm gonna go ahead and allow you to speak if you want to ask your question thank you yeah so i would like to know um how do we get involved in uh in in this initiative um we do have some experience to contribute towards the NFT space if it all is very interesting how do we get involved uh so i mean it depends entirely on what you want to do i think the the easiest is to join our discord you can find it you know if you want to type out that convoluted link i'll share it and chat at some point as well um and you can find it on our website pom.io there's our community team there always looking for engaged community members if you're looking for something in terms of a job uh our job openings or also in the like if you go to the footer of pom.io all the bottom you can see our careers page and all the openings and then if you have a project you want to bring to us just reach out on discord and you know we'd love to chat and get you set up uh i'm working i'm helping uh one of the artists um we're going to live next month very soon so we'd like to involve in in this space so yes there are some artists they're looking for a solution definitely we would like to be part of the initiative so that we can contribute yeah that sounds awesome so yeah if you if you join our discord and hit us up there um we've got a bunch of our community team i know is listening to those calls and that they're going to hear me say this uh they'll they'll look out for your message and make sure you get right in the right way is it through discord the hacker did connected it's not the only way i mean if you want to if you want to shoot at me an email at dan at pom.io i can connect to you with other people uh that way but discord is easy yeah first name the class name of either dan at pom.io or the phone you spell it out daniel.hamon at pom.io also reach me okay thank you of course thank you thank you dan we have another question in the q&a box welcome footsing from cameroon he's an entry-level developer blockchain developer africa is a huge fountain for great and original arts what are your thoughts about getting palm to africa and footsin i will open up your audio as well for follow-ups uh so it's a great question thank you for asking so we hire globally uh we're trying to keep things right now from california to central europe in terms of time zones so if you fall within that we're you know south america western africa we're we're keen to interview and talk so that's from an employment perspective from a distribution perspective all our projects are on the blockchain so they're naturally global for the projects that were you know for for space damage i just spoke about where it was distributed for free we did see an incredible amount of activity in across regions and countries and so we are starting to see people in most geographies engage with the project which is pretty exciting do you have a follow-up question footsing or is that all right um i know we have a question from uh somebody who's uh here on the line igor if you want to go ahead and ask your question as well yeah hi um i have a question about oh hold on footsing are you making a comment go ahead igor sorry about that yeah uh then i have a question about the value of art is nft a place for artists and art or artists like and i mean here's he's a more speculative artist uh so yeah yeah how do you think about it um so i personally i believe the nfts are a medium and a distribution channel for all sorts of content generally and art being one of the easiest content types to understand and so uh damien already has a great name and a great presence so people seek out his nfts more than up-and-coming artists but we've seen up-and-coming artists be massively successful and build that name and build that community in the in the crypto space and build their art careers that way for me what makes me most excited to be working in palm anft studio is the ability to give new distribution channels and new uh monetization approaches for up-and-coming artists like i i love working with damien hurst don't get me wrong but if we can find the next damien hurst uh or someone who hasn't really had the ability to get their art seen because it's hard to monetize digitally native art but we can do that now with nfts that'll be really exciting right um historically digitally native art has really struggled to be monetized and to build a career around but with nfts you're able to really do that and i think that should open up the just the the set of people who will be able to build their careers uh and the art and forget the monetary bit like who cares necessarily about building a career maybe that's not what everyone's goals are that will increase the number of people who will be able to share their art and people who'll be able to collect other people's art increase engagement generally yeah and i actually have a follow-up question to that because i think it's fantastic what we're seeing right now in the nft space about artists and creators coming forward and talking about the technology and dang you were on a panel back in june at hyperledger global forum where we had emoji in the musical artist also talking about the creative passport and other things that she's been doing around licensing and i think it's just a much needed viewpoint on the technology that we're building when the actual creators and artists love to see you know when you're having conversations with them how deep do they want to go on the technology um it varies it varies completely we'll be honest i mean some artists are already some of the world's leading technologists right they're pushing what's possible with technology in order to create art so those people that that type of artist usually wants to get really deep and really into the weeds and understand things really immensely but other people just see it as an exciting new distribution channel and a new way to engage with fans and that's fantastic as well so we sort of see in the full gamut um i think uh i think more and more people will get deeper into the technology because they need to understand the limitations and what's capable and it's blockchain and then if these are opening up a new discussion around the art of the possible what you can actually do yeah it's just a great voices to to be included in there i'm going to go ahead and open up philip uh to if you can introduce yourself and ask your question that'd be great hello dan thank you very much for for that great presentation for the work that you're doing uh with pal my name is philip pedango originally from colombia and uh part of the use cases uh that that we have been looking at in terms of connecting communities of creators and and their audiences is to to advance some marginalized communities for example uh indigenous communities or small farmers and uh it's great to see what you're doing on the environmental end of using the the web 304 for for for impact and i just wanted to get your thoughts as to uh possibilities and potential in terms of different use cases and and using and using uh using this this connection this streaming to to support and empower marginalized communities um it's a great question and you know thank you for flagging the environmental angle it's sort of a core of what we do but the for us sustainability you know environmental sustainability is a key part of that but it's only one part of that one of the things that motivates everyone at pommet fd studio is that this is a technology that does give access uh to more people i mean this isn't maybe exactly the best the best example but what axie infinity is doing uh and the fact that so much of their players and their top earners are in the philippines i think is a great example of uh the fact that these products and projects are global by nature and different people are drawn to them in different ways and taking advantage of that i think it's excellent and for me there's a few ways we're seeing um sort of active engagement with marginalized communities so first we have a bunch of collaborations in the works early phases uh with either marginalized sort of artists collectives around marginalized communities and whole nonprofits as well who are trying to sort of promote the work of those communities and then give revenue back to those communities i think those are the sorts of projects we'll see more and more over the short term long term hopefully the platforms will exist and be easy enough to use and why they distributed that artists anywhere in the world will sort of any any background can put their work out there and hopefully uh get seen i mean that's that's the dream right disintermediate in some in some respect the the galleries thank you so much then we i'll be reaching out awesome i look forward to it right thanks philippe um dan there's a question in the q and a box what are the benefits of deploying on palm and not on ethereum yeah so there's a few um so first ethereum is great we love ethereum we're ethereum maxis so it's just about finding the right trade offs so the first is the gas fees gas fees are absolutely trivial on palm and so when you're distributing 10 000 100 000 million nfts that makes a big difference the second is the environmental impact of activity on palm right now patch.io which is um sort of a carbon offset company just an analysis of palm and they they found it to be 99.99 percent more energy efficient than proof of work systems so particularly for creators and brands who are passionate about that that makes a big difference and then there are a couple other benefits so predictable gas fees helps for user experience the spikes in gas fees on main net can create a clunky user experience at times you know virtually shutting down gaps for the periods where gas is too high and then short transaction periods so we have block times of five seconds on palm average transaction therefore gets through and sort of two and a half seconds plus latency which is pretty trivial so we're talking seconds instead of the the minutes that are is the case on main net and that also helps from the user experience respectively so that that was maybe a bit of a monotone ramble and i apologize but there's a number of benefits uh there are times where it's right to mint on and run your projects on main net but there are times where side chains particularly the palm side chain makes sense right excellent thank you any other additional questions uh once again if you just raise your hand i can permit you to speak or you can just type your question into the chat or the q and a box danna i'd like to shift a little bit um and you know we're welcome to have more discussions around palm but specifically about how the palm engineering team um and the developers work with the hyperledger basu open source community if you can maybe share a little bit about that kind of your experiences you know some things that maybe some of the attendees and those listening to the webinar after the fact um can use as guidance and how to engage with the hyperledger basu community um should i have a better answer to this one you were there from the start well i was there from the start i'm just trying to think about the the palm engineers so from the start i mean it's been amazing right so the community has given us you know i think there's there's two sets or maybe three sets of advantages that come with working with the hyperledger foundation on our project and i imagine this is true for most projects so one is just the instant credibility the hyperledger foundation is a recognized name in most enterprises they understand that sort of gives you a stamp of approval and shortcuts a lot of discussions in the search of credibility that that just makes sense super helpful the second is that credibility and the existing hyperledger community is a shortcut to building a project specific community and so we've had a lot of people engage with our project and involve start contributing because they came in through the hyperledger foundation or because their company started working on a hyperledger basu related project because of the credibility the hyperledger foundation gave us and so it was really helpful in growing a community and then you know the final thing that's super helpful is collaboration across projects like caliper i think it is the uh testing suite uh in hyperledger foundation so another open source project we did a lot of work with caliper in terms of benchmarking and testing and optimizing basu throughout the years and i think that collaboration has been been very helpful and so i think that there's a few areas we got benefits in terms of like the best way to engage it's honestly super simple it's like show up to the the dev calls just show up talk see what people care about and asking questions about and there's always an ability to get involved and get engaged for the engineers on the call who are looking for jobs and there are some of you like showing up to these community dev calls you will immediately get to know the core developers on any project and if there's something where you think you can lend a hand in the open source world spend a day doing that if they like your work they'll hire you and it's just it's that simple we hired a number of people through that exact process yep it's a great it's great community and you know it's really it's the developers and the teams within these companies and projects that really make the hyperledger project so successful uh denis i'm going to go ahead and unmute you and allow you to talk and you can ask your question great thank you um hi dino thanks for the introduction my name is denis it's great to see what palm is doing the art space i actually used to run a gallery in la and helped a couple artist friends get into the nsg space but my question is so much art related more so enterprise um related i actually work in the manufacturing supply chains for a company called sink fab and we use hyperledger to track and trace c and c parts between vendors and oems um and one one of the things i'm interested in in the entity space is more so for its ip ownership properties and one of the biggest issues as we brought up is the time efficiency and transaction cost of using a theorem that may net um so i'm curious to hear your perspective on what are the benefits of using palm that can help with these aspects um can you shed some more light on the cost and transaction limitations there uh yeah so costs right now are like honestly trivial uh to the point where i think so right now palm the network uses palm the token to pay for gas fees right and the palm the token has no value it's free and it has no value because we're literally giving it away to anyone who needs to pay for transactions we are sort of subsidizing transaction costs so right now it's it's free to run transactions on palm it's you know the the gas fees need to be there to protect against civil attacks but we were distributing through a faucet that protects against civil attacks we're taking a short-term approach to subsidize gas fees on a long-term ongoing basis we're targeting something like two to five cents per transaction sort of our mental model um to that way cheaper than main net in terms of throughput we're we're seeing easily pretty comfortably 150 transactions per second uh the fact that goes up to 600 transactions per second and we're going through that optimization so uh well over well over the number required for all current use cases that we've seen and the nice thing here is hyperledger basu which is the client we're running and ibfd2 the consensus mechanism was optimized for high throughput use cases in the enterprise ethereum context so like exactly what you're talking about that those enterprise use cases is what this client was optimized for and then we're just exposing this network publicly via infura apis so you know I think in terms of your use case it's it's a really good fit cool I'll definitely have to check more on the on the palm website appreciate the answer right and Dennis a question you mentioned that you were using hyperledger which project have you been working with with basu directly yeah so it's called sync fan we actually work with a lot of aerospace and defense oems where we're using hyperledger to track more so milestone timestamp data and different certification information that gets passed between vendors in the supply chain so say someone that's manufacturing apart then a vendor that's finishing the part and that gets all shown to the oem and we kind of track that information on the hyperledger component okay and which hyperledger project I believe it was originally sawtooth and then it's transitioned to basis I need to double check our dev team to see but but yeah we've been using hyperledger in general for quite some time now and kind of just developing the system improving on it updating it as we go along and learn more with the oems that we work with great well thank you looking forward to learning more there's a question about breaking news I don't think Dan we have any breaking news to to break but on this webinar but I think this has been an enlightening and very helpful discussion around what's happening with basu in the ecosystem it looks like there's no other questions so I'm gonna just go ahead and share a couple of things as Dan said you know the best way is to join us you know show up at the hyperledger basu project community every you know resource is available you can download the code you can join the chats the distribution lists the maintainer calls and the different calls within the community as well there is also a free online self-paced MOOC hyperledger basu essentials creating in private blockchain networks this was launched in June and there's already thousands of people that are taking that course and finishing that up so you can roll for free and you can also get a certificate at the end through the edX platform if you so desire but it is this great skill set it wants to you know if you as Dan said if you're looking for a developer engineering work there is a lot of interest in having developers that are familiar with basu and if you're building your own solutions like Dennis really understanding how basu is used in different use cases as well so thank you Dan thank you the attendees and everyone here on the line let me see make sure there's no other questions just to make sure all right there's no other questions Dan always a pleasure to see your face and hear your story it's such a great one and we really are looking forward to some additional palm studio announcements and bigger stars and more stars but I'm certainly keeping an eye on the Damian Hearst auction at the end of the year to see what people decide you know after the 12 months I wish I had one I didn't get to it fast enough so once again these are weekly or bi-weekly events that we have the next one that we have on the calendar is also a hyperledger basu a member webinar this is from ledger leopard on supply chain traceability so this might actually be an interesting one for you Dennis to catch to get as well as how they're using hyperledger basu in that use case and once again if you just go to hyperledger.org and events you can register for any of these webinars that are free they're either project webinars like the one we did today on basu and we'll be doing some more on hyperledger fabric hyperledger sawtooth etc and you can also see the member webinars for our member companies there's a lot of great content I mentioned the session that Daniel actually participated in at a global forum specific to NFTs and the music and entertainment industry with Imogen and a couple of others please do check out our videos or available on the band from our website and you can see a lot of great talks really talking about our very large and diverse hyperledger community once again to get involved here are some of the resources go ahead you can take a scan of the qrc code but if you visit hyperledger.org community and resources a lot of these links are there and we look forward to seeing you in the community out there so once again my name is Daniela Barbosa and I thank you all for joining us today I encourage you to watch additional webinars videos join our meetup communities we have regional chapters in Japan in Latin America in Brazil and in Italy and many more so please i'm sorry what was that any luck in Spain or just move to Spain in Spain we we have meetups in Spain we have them in Barcelona in Madrid I don't think there's a regional chapter yet but we'll get you hooked up on that and I'm sure as people get together and start going to physical meetups we'd love to have both Madrid and Barcelona start that back up again so we will get you involved Dan thanks Daniela great thanks again and everybody have a great day evening morning wherever you are and we'll see you again soon thank you