 And now, over to you, Carlos. Thank you very much, Patrick. So first of all, thinking also, Thierry de Montréal for the invitation. This is the second time I joined these type of forums with the World Policy Conference. So just to get to on what I think is essentially what you say, Patrick, is the, first of all, is defined technology. Because when we talk about technology and everything that sits on the top of the technology, we mean so many different things. The technology that we are using now, it is a legacy technology that was invented actually in 89 when the worldwide web was launched in Geneva, CERN, between Geneva and France. And the web was already one of the disruptions. Because at that time, and I was in the UN actually, I developed the node zero on the web, because the UN was one of the first actions to connect it to the proximity. The problem, and this has been reflected by Professor Angela, when he mentioned Tim Vazli on the ethical connotation of the use of this infrastructure. What we realized already at that time, at least 30 years ago, 31 years ago, is that although there was a huge disruption, because we moved from a centralized system, our panette and the internet, which was a legacy military system, to a totally decentralized system where universities and governments and people will interconnect between themselves. And that was transforming, that was a great need for developers like us, because we saw a bright future. We saw, wow, I mean, this is the big opportunity to decentralize data, to let people access anywhere in the world, and being able to share international global knowledge from the nodes down to the terminals. But we also detected a problem. And that was one of the first ones to detect that problem. And I based my entire career on that problem, is that the web, the internet, doesn't know who you are. I mean, you remember this famous image of the internet, doesn't know you're a dog, or does not make the difference between a dog and a person. So because the person was now designing the original architecture of the worldwide web, what has happened is that the web doesn't know what a human person is. The web knows what a video camera is, where our computers that we are connecting nowadays, where a microphone it is, that's a machine identity interconnectivity. And the web is very good for that. But the humans, we need to connect via something to represent ourselves. But we don't have nothing in our body or in our DNA that we're connecting immediately to the internet, to make sure that the internet recognizes me as a human. And we'll make the difference between me and a robot, or me and a connected car, or me and a video camera. So that has created an unprecedented issue. Because obviously, when we started the web, it was only a bunch of people connected, now we are connecting the entire world population. And we are also connecting now one trillion devices by the year 2030, what we call the IoT. So all that infrastructure that we are building is sitting on this deficient base infrastructure. So this is like building very sophisticated cars that will run in a very dangerous roads. You have to put the security on the car rather than investing in the road. And that's why you have now a 10 trillion dollar economy that has been very smart in detecting that actually, because the human was not protected on the internet, the human has become the product on the internet. And this is the social media company has made fortunes sitting in a 10 trillion dollar economy. So those companies are worth more than one trillion dollar. So how can we undo that? And what is the two or three things that needs to happen in order not to continue in this exponential curve? Because if we do so, and I wrote a book with an interest human code, human will disappear. I mean, we are totally a liability for that infrastructure. We are slow, we are or biological self is full of issues. And we die and we lose our capacities over the lifetime. So the internet as it is now, the web will reach the conclusion very soon at the time the singularity connects with AI that the humans are not required anymore. And we'll disappear, the humans will disappear. And there's a very concrete risk that the human will disappear. And many companies and many areas in the world, including Silicon Valley, they are already working into that possibility that the humans are not required. So how can we undo that? What please prevent that to happen? It's basically to solve the legacy issue. The human needs its digital identity to be controlled by the human. And that means that when you are talking in health, the various regulations, I mean, you have HIPAA regulation in the United States, HIPAA, that basically protects your records, protects your the right to control your medical information to download information in your cloud and encrypt your cloud and only give a key to anybody that you will trust to access that cloud. But there's no international consensus or even practice to generalize that process. So we are in a situation where the company is this multinational that has gained a huge amount of power and control in your personal data, they are making this process very slow and very complicated. So we are reaching a situation where I think if we don't do something, and maybe COVID is the activator and I am always an optimist person. So I see the COVID as an opportunity to do something. We will accelerate the problems in that space. Another problem we are facing is that, I mean, obviously the consequences of fake data, identity theft, manipulation of websites, illicit trade, $1 trillion economy, all that is based on the fact that we are unable to a strong authenticated persons and objects limited to that person. I just received this morning an alert from Homeland Security as a cybersecurity company we receive alert. And one of the alert says next year COVID is going to be an unprecedented problem for the certification of objects. So this is a fake news year. Next year it's going to be a fake object year. And imagine the consequences of millions of vaccines will be infiltrated by mafias around the world. I gave yesterday a presentation with economies where we discussed exactly that problem where people might be actually died because what they are injecting themselves is a fake product. And that imagine the consequences of the public opinion if something like that happens. So we are reaching a situation where if we will be serious about it and if we really want to convert the digital economy and the transformation economy into something that is viable and will not hamper the human, we will need to sit in a situation where a private public partnership needs to happen. Where we decide that individuals needs to have control of their digital identity. Digital identity as I mentioned before is the connector of who I am to the internet. So the internet recognizes an I and a human. But that digital identity shall not be issued by Facebook or by Amazon or by Apple or whatever. That digital identity shall be owned by me. It's my birth certificate. It's like I am entitled to a birth certificate and that birth certificate is mine. That's not belong to anybody. Actually it is the birth certificate that allows me to have my identity card, my passport and so on, which are attributes to that identity. So in that model of a digital identity owned by a person with blockchain technology and decentralization, which is what you just mentioned before. We enter into a decentralization model of a third generation of the internet. It will allow us basically to be able to control or consent. Consent is very important. I understand that ethics is very important and it's fundamental, but the internet doesn't know what an ethical thing is. The internet is blind. The internet just transmits whatever you put into the internet. The internet doesn't have any models, doesn't have any ethics, doesn't have anything. It's just a method of transmission and interconnectivity. So in order for the internet to be able to do something like ethical processes, you need to install the concept of consent. So what is consent? Digital consent. So digital consent is your capability as a user to decide if you want to share something. So if you own your identity, then you want everything that goes around that identity, your personal record, your health records, your medical and government records, your education record, all that information is under the control of your identity. Your identity is able to anonymize the rest of the data. So if the data is being collected illegally, it has no use because it's anonymized, it's deprived from your PII, personal information, which is the information that brings you to your name, to your house, to your information that you will only share with your family. So that consent has a huge value because that consent then is monetizable. Now we are entering to what we call the third internet revolution or fourth industrial revolution, but it's actually the third cycle of the internet, which is the possibility with the decentralization of ledgers to share your consent with other people that will basically need to access to that information. And you can monetize. You can say, okay, you wanna know something about me, you want to monetize my behavior, fine, I might want to agree to do that to you, but I want to agree on some specific conditions, time stamping, I will only do that for one day, two days, and you have to reworm me for something like that. So that is obviously the model, technology exists. I mean, my company and many partners, we are developing systems like that, but obviously you have a 10 to $1 economy and in plus of that, now you have a huge, and I go back again to that thinking of Thierry this morning, what he says, the world is becoming like American fighting against China for world dominance. It is actually a technology dominance. It's not gonna be anything else. It's gonna be, who is gonna be the country that is gonna own the data of the world and will be able because they will have AI and other tools to monetize that data and to analyze that data and to advance in decisions, in design, in development of new drugs because that data will be controlled by them and will be accessible to them before to anybody else. And this is the fight. So the solution, as I say, is what I call the decentralization of forwarding the digital economy. And COVID is actually an accelerator. What happened, and I am involved in several COVID projects in Switzerland with the app. We're also involved in Germany. We're also working with WHO in some project. We're also thinking about, for instance, the yellow vaccination car, which is an analog technology and could become actually a very easy way to vaccinate the world and being able to digitalize the vaccines rather than a paper, put it back in your mobile phone or in your USB. And at the same time, with that technology, being able to decentralize the data. So the data is on a national level. And we give the country back again what they show on, which is the data of their country. Data is like water, it's like electricity. It's something you don't want another country to serve to you because you create dependency on that country. So in order for the health system to progress, and I think to be very honest, I think we have a historical opportunity because we already transformed the telco system that was the first one to be transformed and digitally transformed. Then we transform the banking system and you see the WhatsApp of the world and the internet payments and the KYC compliant process has accelerated. But the health system has never been digitally transformed. And the reason and that has been raised in doing the panel is to decentralize. It's impossible to standardize a process because it's totally decentralized. I remember I assisted once at conference in the United States with President-elected Biden, where he says something that stays in my mind. He said that when his son was sick of cancer, he was vice president at that time. He wanted to bring all the cancer research in the United States together so they could analyze the data being collected by the different universities. And that was impossible because the data was sitting in silence and not even him with his vice president position was able to create that interoperability that was required. So we are in a situation where if we transform the health system with a vision of user-centric and consumer-centric or patient-centric, which is me as a user, I show all my data. How many places in the world if you get sick and you go to the doctor and the doctor do an x-ray on you, you will never see that x-ray. And if you wanna change doctor, you eventually you will have to negotiate with your doctor to get all of your records. So that's a violation of my personal data. The x-ray belongs to me. The doctor can obviously check the x-ray, but only my concern. So the issue of concern will allow us to advance enormously in the health system. It will be possible, as you say, by creating standards and there are many standards available. Those are international standards. By the way, the standard of digital identity belongs to ITU. It's the X519 standard, it was one of the oldest standards. And if we will be adopting those standards, we will be in a very strong position to be interoperable. The other subject, which I think is critical and has been raised during this time is data, the ownership of data. So data should be owned by the source and not by the destination. So that means that with the quantity of data that we are collecting now, if we apply the GDPR principles that we have for instance in Europe, and I think Europe is one of the most advanced countries on protecting data and protecting identity with either certification process. That could be extrapolated to many other countries. Because in the future what it's gonna be is that, China, United States, Russia, and Europe, we're gonna be platforms. We're not gonna be anymore that naive internet, that naive web, and then I had the privilege to see Burn in Geneva 30 years ago, that was a naivety to think that this will be the solution to the world. That tool that was designed to solve many of the problems has become the problem itself. And where we are now realizing is that countries are getting into a platform. So platforms in the digital world are acting like aircraft carriers. An aircraft carrier is very important when you go to fight, because your planes can land and then take off and then go to the war and come back in a trusted area and get refueled and get re-activated with the weapons so you can go on fight again. So America has obviously a huge amount of Facebook, Apple, all the other aircraft carriers for the startups and innovations, then they will need to expand the supremacy on the digital era. China is taking over, China has more, Europe is still in infancy. We are still maybe the more naïve in all that. And why? Because we're so difficult in Europe to bring all those platforms together. But I think in the future, you're gonna see the future of platforms. Those platforms are gonna be interoperable, but we have to make their life difficult in collecting so much data and making going, reach a conclusion that humans are not important anymore. I think the big danger also on the human part is the combination between biological research and you have been discussing that in this panel and technology, because both of them they are exponential and the biotechnology without understanding the exponentiality of each of them in a separate way is very dangerous because you're creating another quantum leap, another layer of development that could be very dangerous if you don't understand the complexity of the previous one. So I don't wanna take more of your time. I think my big message is that COVID and especially the vaccination process after COVID which is gonna be the largest social experiment ever conducted in the world. I mean, this will be not anymore. Can I take your data? This is gonna be, I'm gonna be wearing a product in my body. My body is gonna be open to you and I need to trust you whatever you are, go from a hospital or clinic to have something in my body then obviously it will have many advantages but it's another layer of human intervention that we are not yet in the technology area ready to trust and that's the message. Thank you, Carlos. And I think excellent point on identity. We see it at enterprise level as well. It's not only a society question at enterprise as well. And it's another consequence of the COVID, at least an acceleration because when you read people work from home it means they are outside of the corporate network which means for the security standpoint the protection of the corporate network doesn't help a lot. And the problem is this hybrid world and I think it will accelerate the debate on identity and it could well, I'm sure it will be part of the answer to the question we had on this debate.