►
From YouTube: Baseline Show - India :: Saturday 8th Jan :: 6 PM IST
Description
The official office hours of the Baseline Community in India. We invite speakers and community members from across industries and discuss various use cases and opportunities to use Baseline Protocol.
A
Hello,
hello
baseliners,
so
I
welcome
you
all
to
the
new
year
and
the
first
baseline
show
in
india
of
2022
wish
you
all
a
very,
very
happy
new
year.
I
hope
that
you
all
are
safe
wherever
you
are,
and
you
have
found
some
time
to
rest
and
spend
time
with
family
in
the
holiday
break
and
now
you're
back
with
full
force
to
start
baselining
in
2022,
because
2022
is
the
year
when
baseline
goes
into
production.
A
We've
had
tons
of
fantastic
announcements
in
on
the
8th
of
december,
when
we
had
our
annual
general
assembly,
we
had
a
two
hour
long
show
where
we
discussed
most
of
the
announcements
which
were
supposed
to
happen,
which
was
supposed
to
go
live
in
the
month
of
december,
and
we
closed
very
very
strongly.
So
now
it's
time
to
open
again
very,
very
strongly,
and
I
welcome
ananth
and
mark
fellow
baseliners
from
the
community.
A
Ananth
is
going
to
be
our
guest
today,
so
we're
going
to
be
chatting
with
ananth
and
seeing
what
he's
what
he's
doing
with
siberia
and
what?
What
he's
done
in
the
past
we're
going
to
be
talking
a
lot
of
things
about
blockchain,
baseline
and
wind
turbines,
so
so
yeah?
Thank
you
so
much
people
who've
tuned
in.
I
hope
you
all
find
some
value
in
today's
show
and
or
if
you're
watching
it
in
future
do
watch.
The
other
shows
which
are
linked
on
this
video
as
well.
A
We
do
this
baseline
show
as
the
official
office
hours
of
baseline
in
india
for
the
community
in
india.
We
do
this
on
saturdays,
at
6,
00
pm,
so
that
people
are
conveniently
watching
it
while
while
they
don't
have
to
worry
about
their
work.
So
with
that,
thank
you
so
much
mark
and
and
for
for
waking
up
in
your
mornings.
I
know
this
is
this:
is
tough.
A
As
you
know,
the
cold
sets
in
so
so
around
and
mark
you're
also
already
fighting
a
flu.
So
thank
you
so
much
for
making
it
to
the
ratio.
You're
always
you're.
The
gem
of
this
you're,
the
star
of
the
show,
really
thank
you
so
much
once
again.
A
So
with
that,
I
move
on
to
anand
ananth
glad
to
have
you
on
the
show
and-
and
you
know
probably,
this
is
the
first
time
you've
attended.
The
india
baseline
show
so
tell
us
a
little
about
more
about
what
you
do,
what
you've
done
in
your
past
experience
and-
and
you
know,
the
the
kind
of
certifications
and
then
qualifications
that
you
carry
you're,
probably
you
know,
you're,
probably
the
you.
B
A
A
Which
has
got
so
many
qualifications
and
and
degrees
behind
the
behind
under
their
bed
so
yeah
over
to
you,
please
please
help
us
understand.
What's
your
background
and
what
you're
doing
with
siberia.
C
Yeah,
thank
you,
simran.
I've
attended.
You
know
your
show,
I
think
a
couple
of
times
in
the
past
and
I
called
in
you
know
as
as
a
viewer
right.
So
I'm
oh.
C
I
always
saw
the
youtube
you
know
managed
to
wake
up,
especially
before
the
time
change
over
here.
You
know
it
was
a
bit
easier,
but
but
you
know
a
great
show
that
you
have,
and
they
know
thank
you
for
having
me
right
and
thank
you
for
the
introduction,
so
I'll
I'll
just
do
a
brief
overview
of
you
know
my
background.
You
know
career
in
education
right,
so
I
have
a
bachelor's
and
a
master's
degree
in
degrees
in
mechanical
engineering.
C
Before
I
got
into
offshore
oil
and
gas
in
the
floral
and
gas
industry,
I
started
more
than
I
mean
almost
20
years
ago.
I
would
say-
and
I
started
in
r
d-
I
was
in
the
deepwater
r
d
group
for
a
major
offshore.
C
You
know
company,
so
I
started
off
in
r
d
and
I
moved
on
to
engineering,
and
then
I
moved
on
to
project
management.
I'm
I
was
managing
mega
projects.
Basically,
vegan
projects
are
typically
defined
as
projects
that
are
a
billion
dollars
or
more.
So
these
are
highly
complex
projects.
These
these
are
you
know,
especially
the
offshore
oil
and
gas
projects
involved,
every
discipline
of
engineering.
C
So
I
was
lucky
enough
to
manage
teams
of
engineers
from
pretty
much
every
discipline
right,
ranging
from
hydrodynamics
and
naval
architecture.
You
know
to
electrical
structural
and
so
on
right,
so
that
was
that
was
a
great
experience.
You
know
professionally
speaking,
and
that
also
leads
to
leads
me
to
what
I'm
doing
with
siberia,
which
I'll
get
into
so
along,
along
with
my
degrees
in
engineering.
I
am
a
professional
engineer
at
pe
certified
in
texas.
You
know
which
is
similar
to
the
chartered
engineer
in
india
and
the
uk.
C
B
C
A
mba
from
iesc
in
you
know
barcelona,
spain,
which
is
also
quite
well-known
school.
I
have
a
master's
degree
in
major
program
management
from
the
university
of
oxford
as
well.
The
university
of
oxford
probably
has
the
best
program
on
major
program
management
in
the
world,
and
I
was
lucky
enough
that
my
dissertation
advisor
was
professor
ben
fubia,
who
was
probably
the
you
know
best
known
expert
on
mega
projects
in
the
world.
C
C
But
when
I,
when
I'm
talking
about
blockchain,
I'm
talking
about
enterprise
blockchain
and
more
specifically,
what
we
are
doing
is
we
are
trying
to
build
a
platform
that
will
allow
these
big
mega
projects
right
or
any
type
of
complex
project
to
be
planned
and
delivered
collaboratively,
because
these
projects
are
always
delivered
with
teams
of
different
companies
and
they
all
have
their
own
incentives
and
so
on,
which
is
what
also
causes
a
lot
of
the
problems
that
they
have,
along
with
the
complexity
and
everything
else.
C
So
what
we
are
trying
to
do
is
based
on
the
pain
points
and
the
issues
that
I've
observed
and
that
I've
read
about
and
written
papers
about,
etc.
C
So
that's
a
brief
introduction
somewhat
so
over
to
you,
and
you
can
ask
me
any
question
about
any
of
the
things
that
I
said.
You
know.
A
So,
thank
you
so
much
ananth,
it's
very
inspiring.
I
would
say
you
know
if
I
had
so
many
degrees,
I
would
be
teaching
in
some
college
reading.
I
would
have
been
so
academically
inclined,
but
I,
but
I
appreciate
your
entrepreneurial
spirit
that
you've
launched
your
own
company.
You.
You
saw
some
values
in
the
industry
and
you're
now
trying
to
solve
those
problems.
A
So
so
tell
us
tell
us
a
little
about
your
your,
your
endeavors
or
your
ventures
and
blockchain
space,
and
I
see
that
you
also
have
patents
and
wind
turbine
and
blockchain.
That's
how
that's
why
I
was
teasing
that
you
know
how
do
we?
How
do
we
connect
wind
turbines
and
blockchain
right.
C
So
my
my
patent
in
offshore
wind
turbines
comes
from.
You
know
my
background
in
offshore
engineering.
You
know
a
lot
of
the
companies
in
the
offshore.
You
know
putting
you
know
space
right.
So
when
I
talk
about
offshore
floating
platforms,
I
mean
these
are
basically
the
big
oil
platforms
that
you
probably
see
once
in
a
while
on
the
news
you
know,
and
these
these
are
typically
anchored
in
comparatively
deeper
water
when
you
compare
it
to
fix
the
platforms
that
are
anchored
to
the
seafloor
and
these
these
platforms.
C
They
are
responsible,
for
you,
know
a
good
part
of
world
oil
production
with
about
10
percent,
or
so
they
are
amongst
the
most
complex
and
highly
demanding
projects
in
the
world.
So
the
industry,
as
with
the
rise
of
offshore
wind
right,
some
of
the
companies,
started,
exploring
you
know
the
use
of
the
expertise.
C
You
know
came
off
sherwin,
so
I
was
the
leader
of
a
team.
You
know
that
in
my
one
of
my
previous
employers
that
developed
a
new
means
of
of
installing
these
floating
wind
turbines.
C
So
if
you
look
at
the
cost
drivers
of
floating
wind
projects,
I
mean
one
of
the
key
drivers
I
mean
you
know
that
is
the
capital
cost
and
construction
costs
and
so
on,
but
the
another
key
driver
is
the
cost
of
installation,
because
these
these
are
thousands
of
tons
of
steel
and
floating
platforms,
are
inherently
difficult
to
install,
because
you
know
your
floating
platforms
move
with
the
wind
and
the
weather,
and
so
on
so
you're
trying
to
install
like
this.
C
You
know
200
meters,
something
tall
structure
weighing
you
know,
thousands
of
on
a
floating
foundation,
and
this
is
a
technically
complex
challenge,
but
it
also
involves
a
lot
of
cost
in
terms
of
the
logistics
of
specialized
vessels
that
are
involved
and
so
on.
So
we
came
up
with
a
new
and
you
know
somewhat.
You
know
more
economic
way
of
installing.
C
You
know
these
wind
turbines,
and
that
is
the
subject
of
my
offshore
wind
patent
right
offshore
wind
is
going
to
be
the
future
of
offshore
floating
wind,
I
would
say,
is
going
to
be
the
future
of
offshore
wind
and
offshore
wind
is
increasingly
going
to
be
the
future
of
wind.
As
well,
because
you
know
you
get
better
wind
offshore
and
the
further
out
you
move,
you
know
the
better
it
gets.
So
that's
really.
This
contributes
to
the
growth
of
that
industry
by
making
it
somewhat
cheaper
to
develop
projects
with
blockchain
technology.
C
C
The
other
patent
was
for
an
algorithm
that
can
take
any
kind
of
data
that
is
expressible
as
a
directed
graph
and
can
write
it
out
as
a
hash
link,
essentially
to
create
a
dag
blockchain
from
any
data,
pre-existing
data
that
is
already
structured
in
the
form
of
a
direct
right.
So
these
are
the
two
kind
of
flat
patterns,
the
one
that
was
recently
filed
and
still
printing
has
to
do
with
the
use
of
blockchain.
For
you
know,
iot
device
communications,
secure
communications
between
iot
devices.
A
Exciting
exciting,
so
I
I
do
this
segment,
you
know
fairly
towards
the
towards
the
end
of
the
show
sometimes,
but
I'm
going
to
ask
you
since,
since
you
brought
up
patents
and
we
had,
we
had
a
lady
from
from
a
uk
patent
agency,
she
was
a
pattern
researcher
and
she
told
us
many
many
things
about
patents
and
and
a
lot
of
it
had
to
do
with.
You
know
how
you,
how
you
you
know
what
are
the
permutations
and
combinations
of
technology
you
come
up
with
as
well.
C
A
35
or
33
patents
on
it,
so
so
so
coming
to
you
know
one
quick
thing,
which
is
my
favorite
slide.
So
people
on
my
show
me
know
that,
but
I
I
ask
a
million
dollar
question.
You
may
have
seen
that
with
another
question
in
the
past
on
one
of
my
I
think
two.
A
Shows
I'm
just
gonna
bring
that
question
once
again
here,
yeah
mark.
B
B
A
Yeah,
we
can
call
it
a
billion
dollar
question
as
well,
so
so
there
are
so
there
are
these
two
gentlemen
which
I
bring
up,
and
this
is
my.
C
A
A
Capitalize
absolutely
uncharted
territories
and
create
industries
out
of
it
and
create
billions
of
dollars,
of
course,
and
then
there
is
mr
ambani
who's,
absolutely
conventional
businesses
now,
of
course,
there's
lion
system
etc.
But
since
you're
doing
this
show
in
india
we
call
we
definitely
talk
about
whistle,
ambani's
presence.
Also
so
very.
A
C
Yeah
so
I
mean
it's,
I've
actually
worked
with
reliance,
I
should
say
in
the
past
right
now,
but
you
know
we
in
one
of
my
previous
companies.
I
was
the
construction
manager
in.
C
C
I
work
with
companies,
oil
and
gas
companies.
A
B
C
C
B
C
C
Musk
started
you
know
in
if
you
can
call
it
the
conventional
startup
scene.
So
basically
you
know
these
were
guys
who
went
to
silicon
valley.
You
know,
dropped
out
of
solid
right
and
they
started
in
the
early
days
of
you
know.
Web
2
right
started
one
of
the
by
hearing
economic
businesses,
and
then
he
had
a
bigger
vision
than
you
know.
Some
of
the
people
that
are
still
around
and
they've
all
created
many
more
things
after
that,
but
elon
musk
is
kind
of.
A
C
Right
with
you
know,
mr
the
story
is
somewhat
different.
My
father,
by
the
way,
is
a
petrochemical
engineer.
He
did
his.
You
know
masters
in
petrochemical
engineering
and
I
decorated,
for
you
know
a
long
time
back
and
he
decided
to
go
to
essarro.
C
He
didn't
work
in
conventional
electrochemicals
right,
so
he
was
quite
familiar
with
the
petrochemical
sector,
because
a
lot
of
his
former
classmates
were
looking
at
a
lot
of
these
garment
refineries
and
so
on
right.
So
in
this
inner
world
to,
I
think
it
was
foreign.
C
And
he
was
able
to
build,
you
know
the
biggest
and
most
complex
refinery
in
the
world.
You.
C
Did
they
build
it?
They
built
it
built
it
from
a
scale
and
an
efficiency
that
you
don't
treating
and
is
that
he
has
used.
You
know
the
cash
flow
from
that
from
that
business
he
has
taken
measured
risks
and
you
know
he
has
grown.
So
this
is
a
you
know
very
conventional.
You
know
story
in
that
sense
right,
but
it
involved
a
lot
of
risk-taking
against
almost
impossible
odds
of
building
these
kind
of
projects
in
india
right.
B
C
You
know
with
mr
mukesh
ambani:
it's
not
this
story,
it's
also
the
story
by
ambani
that
they
were
able
to
do
this.
You
know
if
you've.
C
Margins
of
you
know,
the
profit
margin
is
very
thin,
so
you
need
to
kind
of
have
high
efficiency
in
the
planet.
C
C
Right
so,
but
in
a
way
it
is
a
very
conventional
part,
and
it's
especially
like
you
know,
people
from
india
right,
I
mean
more
than
one
generation
building
a
brick
and
mortar
business
to
speak
right
and
then
you're
squeezing
out
the
margins,
and
you
know
you
you
continue
to
work
at
it.
You
take
measured
risks
and
that's
how
you
get
your
success.
Unlike
his
brother,
you
know
his
brother.
C
That's
kind
of
what
happens,
especially
when
you
take
risks
at
the
wrong
time
right,
so
yeah,
two
very
different
thoughts
and
offshore
way
in
rather
than
stand
this
it's
time
with
respect
to
india,
offshore
wind
as
a
great
india.
India
is
a
peninsula,
and
india
has
a
lot
of
cities
that
are
close
to
the
show
right
and
optional
offshore
wind
turbines.
Are
you
know
in
clean
energy.
C
To
take
off
in
industry,
take
off
as
an
industry
in
india.
Currently,
the
world
leader
is
in
europe.
European
companies
have,
you
know,
pioneered.
B
C
Right,
so
if
you
take
complex
projects,
complex
epc
projects,
right
like
let's
say,
yeah
refinery
or
wind
turbines
or
you
know,.
C
A
C
The
local
governments
as
well,
you
could
probably
take
them
as
external
stakeholders,
so
these
are
people
who
are
not
directly
involved
in
the
project
but
who
are
affected
by
that
right
and
there
is
the
internals,
which
is
the
contractual
networks
that
come
together
to
create
this
product.
Now,
if
you
are
taking
like,
let's
say,
let's
take
a
break,
so
what
you
have
is,
you
will
probably
have
some
kind
of
thought.
A
B
C
All
right,
so
I
was
talking
about
contractual
networks
of
in
in
you
know,
projects
right.
So
if
you
look
at,
if
you
look
at
the
structure
right
relationship
between
these
entities,
you
have
a
client
who
wants
this
project
to
be
built
and.
C
One
or
two
contractors
with
responsibilities
in
this
project
and
they
will
have
some
contact
now
across
each
of
these
relationships
right
every
contractors
vector
is
incentivized
understated
and
every
contractor
supplier
is
also
incentivized.
So
there
is.
C
And
this
is
what
you
know:
they
call
principal
agent
issue.
Principal
agent
theories
have
been
explored
in
different
fields.
Essentially,
what
it
means
is
that
you,
you
have
an
agent
as
a
principal
to
get
something
done.
So
if
you
are
a
government
right
and
you
want
the
bridge
to
be
built,
then
you
have
a
contract
on
that.
It's
your
agent.
They
have
their
own
agency.
C
Railroads
right,
according
to
research
from
my
advisor,
who
has
the
world's
largest
database.
C
So
I
was
saying
that
the
track
record
of
construction
projects
is
of
any
kind
of
project
is
quite
bad.
The
from
the
database
on
on
bridges
and
and.
C
Instant
fans,
no,
it's
it's
still
fail.
I
mean
it
still
fails
in
the
sense
that
they're
all
over
budget
they're,
all
all
over
schedule-
and
I
t
projects
are
much
worse
again.
There
was
a
study
done
by
professor
fluvier
and
principal
zia
from
oxford.
I
t
project.
The
average
cost
overrun
they
saw
in
major
I.t
projects
was
more
than
a
hundred
percent,
so
it's
even
worse
than
your
epc
projects,
like
bridges
and
rails.
B
C
So
on,
so
this
is
a
massive
problem
right.
This
is
accounts.
The
construction
industry,
for
instance,
accounts
for
about
10
trillion
dollars
per
year
of
of
spending,
and
they
they
have.
C
You
know
over
runs
of
more
than
one
trillion
dollars
per
year,
so
massive
issues
right
and
on
top
of
it,
if
you're
talking
about
your
green
energy,
the
energy
transition
and
so
on,
a
lot
of
these
projects,
a
lot
of
transition
is
happening
through
projects
setting
up
you
know
wind
turbines
or
solar
farms,
or
whatever
all
of
these
projects
amount
to
more
than
100
trillion
dollars.
In
order
to.
C
So
this
is
a
massive
economic
education
problem
right
and
that's
what
we're
setting
out
to
solve,
along
with
principal
agency,
with
the
other
problems.
C
A
You
know
help
me
understand
if
there
are
implications.
So
of
course
you
know
projects
are
auto
boss
on
time
on
budget.
You
know
on
schedule,
so,
for
example,
this
does
not
work.
Of
course
it
has
economic
impact.
It
has,
you
know,
on
the
on
the
general
direction
of
the
business
it
may
have
impacts,
but.
C
That
I
am
exploring
yeah
it
does,
it
does
have
environmental
impacts.
Right
I
mean
again.
This
comes
down
to
the
external
stakeholders
that
I
was
talking
about
you
you
probably
have
you
know
more
than
one
type
I
mean
you
do
have
more
than
one
type
of
external
stakeholder.
You.
C
Communities
I
mean,
let's
say
you're
talking
about
a
power
plant,
that's
being
built
right
and
you
know
you
can
have
the
whole
region
as
an
external
stakeholder
that
could
benefit.
You
know
from
you
know
the
energy
supply
that
comes
out
of
it,
especially
in
the
developing
world.
You
know
where
a
lot
of
communities
are
still
energy
poor.
There
is
a
community-wide
benefit
and
then
there
is
the
immediate
local
community
that
will
suffer
some
kind
of
displacement
and
so
on,
and
they
will
see
a
little
more
of
the
detrimental
effects
right.
C
So
that's
the
set
of
external
stakeholders.
You
know
that
see
some
detrimental
ethics
in
economic
theory.
They
talk
about
extent
externalities,
I
mean
externalities,
are,
are
you
know,
consequences
suffered
by
people
who
are
not
directly
involved
in
that
activity
right?
C
So
you
have
positive
and
negative
externalities,
and
these
these
are
you
know
common
in
projects,
especially
with
you
know,
roads
or
energy,
or
you
know,
mining,
and
this
is
another
thing
we're
trying
to
solve
with
cypherian
right,
because
with
siberian,
what
we
are
trying
to,
what
we
are
doing
is
we
are
bringing
together
multiple
parties
to
collaboratively
plan
and
execute
projects.
Each
of
these
each
of
these
entities
is
identified
with
our
public
keys
right,
so
both
the
the
commitments
and
involve
the
work
that
they're
doing
are
relatable.
C
You
know
in
in
irrevocable
way
to
you
know
their
public
keys
right,
so
we
are
bringing
in
the
responsibility
and
the
commitments
both
with
internal
and
external
stakeholders
and
we're
trying
to
create
a
trusted
source
of
truth
right
for
all
of
these
people
to
come
together
to
look
at
the
milestones
of
the
project
and
if
even
some
of
those
milestones
might
have
to
do
with
something
for
the
local
community.
C
But
that
is
also
on
you
know
the
blockchain
right,
because
all
of
these
contracts
are,
you
know,
relating
to
what
needs
to
be
done
when
it
needs
to
be
done
and
who
is
going
to
do
the
work
who's
going
to
do
the
work
and
who's
going
to
be
verify
who's,
going
to
verify
that
the
work
is
done
and
all
of
these
things
are
going
to
be
interconnected
on
the
blockchain.
So
essentially,
we
are
bringing
transparency
across
trust
and
a
common
source
of
truth
to
this
entire
network
of
external
internal
stakeholders.
C
You
might
also
be
thinking
of
other
types
of
environmental
impacts
as
well
right.
A
C
A
Agree
and
you
know,
sort
of
sort
of
sits
well
with
you
know
the
kind
of
impact
that
I
was
looking
at.
Okay,
perfect,
so
and-
and
so
these
are
the
issues
that
that
you
identified
and,
of
course,
and
fair
amount
of
issues
also
arise
from
people
being
involved
and
people
coming
in
going
out-
and
you
know
you
know,
covered
hitting,
etc
so
and
and
yeah.
Let's
talk
about
siberia
man
and
what's
what's
siberian
doing
with
baselining.
C
Right
so
I
I
came
across
baseline,
I
would
say
I
don't
know
six
seven
months
ago
right
because
I
was
talking
to
nitin
gawa.
I
don't
know
if
you
had
nathan
on
your
podcast,
I'm
sure
you
know
who
he
is.
C
He's
kind
of
like
this,
you
know
this
amazing
guy
who
connects
all
the
people
who
are
working
on
all
these
different
things
right.
Okay,
so
nitin
looked
at
one
of
my
papers
and
he
suggested
that
I
talk
to
jon,
because
something
that
you
know
was
in
our
architecture
was
quite
similar
to
what
baselining
is
so
essentially,
if
you
look
at
the
architecture
of
siberian
architecture,
we
we
have
a
permission
part
and
we
have
a
public
right.
So
each
project,
you
know,
would
be
a
permissioned
bag
network
of
smart
contracts
right.
C
Each
of
the
smart
contracts
is
at
the
project
milestones
and
each
of
the
smart
contracts
allows
authenticated
project
partnerships
in
order
to
you
know,
plan
what
needs
to
be
done.
You
know
it
has.
Essentially
each
of
these
contracts
contains
the
schedule
and
the
information
on
a
single
source
of
truth.
You
know
with
verifiable,
authenticated
stakeholders
the
stakeholders
are
authenticated
using
a
public
infrastructure.
C
C
Which
we
we
called
in
our
you
know
in
our
paper.
We
call
that
the
archive
blockchain,
but
that
is
essentially
what
you
know
john
you
know
baseline
calls
the
mainnet
right.
So
essentially,
we
were
looking
at
a
very
similar
way
of
doing
that
and
that
is
kind
of
what
got
started
got
me
started
with
baseline
right.
So
I
kind
of
saw
the
similarities
between
some
of
the
things
that
we
are
doing,
and
obviously
we
don't
want
to
reinvent
the
wheel.
We
want
to
work
together,
especially
on
the
enterprise
side.
C
We
want
to
build
common
terminologies.
We
want
to
build
common
standards
towards
things
that
are
common
right
and
therefore
I
become
you
know
involved
with
the
baseline
community
and
where
we
can
have
you
know
this
energy
right
right.
I
I
want
I
wanted
to
lay
the
foundation.
I
know
for
a
lot
more
common
right
and
then
to
have
like
similar
terminology,
similar
technology,
to
connect
to
these
main
nets
and
so
on.
A
Okay,
exciting,
exciting
and,
and
how
will
so,
who
will
be
the
potential
users
of
siberia.
C
It
would
be
any
it
would
be
any
kind
of
complex
project,
including
you
know,
even
including
id
projects
right
any
kind
of
a
complex
project
involving
multiple
stakeholders.
Another
thing
that
is
similar
to
baseline
is
that
what
we
are
essentially
doing
is
that.
C
C
Need
to
reveal
everything
that
is
in
the
smart
contract
that
you're
involved
in,
but
you
want
to
have
a
hash
link
to
the
next
smart
contract.
So
if
anything
changes
with
what
you
are
planning
to
do
or
what
you
have
done
and
that
will
pick
someone
else,
the
change
is
visible,
but
you
can
still.
A
C
C
You
convince
you
typically
in
a
typical
project,
as
it
is
done
now.
Every
every
contractor
has
their
own
project
management
team.
They
have
interface
management
teams,
everyone
has
their
own
schedules
right
and
you
have
a
lot
of
meetings
to
resolve
these.
These
kind
of
disparities
between
schedules,
yeah
contracts
and
so
on
schedules
are
typically
on
different
systems.
People
use
in
the
epc
world.
The
most
popular
software
is
oracle,
primavera
right,
p6
and
you
know
the
contracts
are
all
on
a
completely
different
system.
There
is
a
whole
different.
C
You
know
set
of
entities
that
manage
contracts.
Typically,
it's
the
legal.
You
know,
people
who
manage
the.
A
C
Come
together
jointly
and
they're
they're,
putting
together
at
each
of
their
milestone,
project
milestones.
These
smart
contracts
contain
both
the
practical.
You
know
the
needs.
C
In
a
given
time,
and
what
is
the
value
that
is
created
through
the
project
right?
So
all
of
this
is
in
a
smart
contract,
and
these
smart
contracts
are
written
with
the
endorsement
of
all
the
people
that
are
involved
in
that
smart.
C
A
Very
very
interesting
now
this
is
interesting
so
again,
and
you
know,
while
your
voice
was
in
and
out
the
what
I
could.
The
information
I
could
gather
was
that
you
know
it's
it's
listening
into
information
which
is
being
fed
by
various
project
management
software
and
then
bases
the
smart
contracts.
A
C
Well,
it
is,
it
is
executing
you
know,
a
set
of
smart
contracts
that
describe
you
know
what
work
needs
to
be
done.
Who
does
the
work,
and
how
do
you
verify
that.
C
These
smart
contracts
are
at
project
milestones
right.
If
you
look
at
project
files
for
networks,
project,
microscope
networks
are
taxed
and
they're
directly
using
the
ground.
So
if
you
look
at,
you
know.
A
Okay,
okay,
interesting
mark:
what
do
you
think
where,
where
all
siberian
is
going
to
fit
in
and
and
you
know
who
who
of
our
friends
we
can
call
and
and
and
start
introducing
to
or
not.
B
Practically
everybody
that
has
a
supply
chain
is
going
to
really
need
to
wake
up,
and
I
think
it's
really
interesting
because
a
lot
of
them,
I
think,
have
woken
up
and
it's
now
it's
like
what
what
can
we
do
and
I
think
a
lot
of
the
you
know,
approach
that
you're
going
to
see
out
there
is,
you
know,
a
very
complex
one
that
really
isn't
thoroughly
fleshed
out
as
far
as
implementation.
B
You
know,
simplicity
is
a
huge
advantage
and
that's
one
thing
that
we
have,
you
know
have
pretty
much
kind
of
established
with
baseline.
Is
it's
a
you
are
using
your
existing
systems
of
record?
We
are
not
rearranging
the
furniture,
I
mean.
A
A
B
And
which
sounds
really
good,
but
in
practice
that
means
your
cycle
times
are
reduced
to
mere
minutes.
You
know
your
back
office,
reconciliation
costs,
you
know
which
40
of
everyone's
you
know
operational
costs
are,
is
in
data,
reconciliation
and.
B
You
know
it
almost
eliminates
it.
So
that's
one
thing
you
know
is
you
know
you
want
to
try
a
you
know,
a
very
functional
but
very
simple
to
implement.
C
Yeah
thanks
thanks
just
using
the
baseline
language
right
I
mean
what
we're
doing
is
we're
synchronizing
schedules
and
contact
information.
C
You
know
to
one
trusted
source
of
truth
right,
so
it's
a
system
of
systems
that
synchronizes
all
the
schedules
and
the
contracts,
because
every
you
know
every
stakeholder
in
a
project
right
and
in
a
project
I
mean
this
is
kind
of
like
you
know,
it's
more
challenging.
You
know
issue
with
multi-party
coordination
right
because
you
have
multiple
parties.
C
And
they're
coming
together
for
a
short
period
of
time
to
build
something
that
is
very
complex.
So
this
is
like
a
very
challenging
problem
in
multi-party
coordination
and
that's
essentially
what
we
are
doing
right
and
again,
like
speaking
about
baseline,
and
what
we're
doing
you
know.
That's
like
the
important
commonality
is
this
multi-party.
C
So
it's
trustless,
you
know
synchronization
right
for
the
common
good.
B
B
You
know
within
this.
Basically
like
within
construction,
I
mean
you
have
a
multi-party
process
environment
that
functions
very
well,
but
just
because
everybody
is
familiar
with
each
other
and
they
have
a
common
purpose.
You
know
and
I'm
thinking
about
the
the
wrath
the
insurance
wrap,
the
owner-controlled
insurance
program.
B
To
where
you
know
a
project
will
have
the
architect,
the
general
contractor,
the
trades.
The
fabricators
need
the
transportation
all
wrapped
up
in
a
single
insurance
program
and
those
are
generally
administered
by
the
broker,
but
you're
gonna
have
the
insured
you're
gonna
have
all
of
the
lenders.
You're
gonna
have
anybody,
that's
gonna
have
equipment,
lessors
and
then
all
of
the
trades
you
know
and
a
lot
of
these
trade
contract
contractors
will
have
their
own
insurance
so
that
that
has
to
be
accounted
for.
B
They're
not
charged
twice
so
that
their
insurance
is
compliant
within
the
program.
This
would
be
a
process
environment
that
I
think
you
know
would
be.
You
know
fairly.
You
know
simple
enough
to
realize
some
fairly.
You
know
quick,
quick
success
with
it,
but
it's
also
repeatable
and
marketable
marketed
to
several,
I'm
sure.
All
of
the
a
lot
of
the
main
construction
insurers
I
mean
would
certainly
be
behind
that
saying:
hey
just
because.
B
Works
better,
but
it
does
away
with
so
much
of
the
little
risks.
You
know
that
happen
when
it
comes
to.
You
know:
insurance
verification,
especially
when
the
types
of
insurance
have
to
have
a
certain
policy
form
that
has
to
be
declared
or
stated
on
a
certificate
and
a
lot
of
times.
The
broker
will
go
ahead
and
just
kind
of
fudge
that
a
little
bit
just
to
push
it
through,
so
that
you
know
and
hope
nothing
will
happen.
B
That's
been
a
problem
and
it's
you
know
it's
just
it's
messy
and
it
has
creates
reputational
problems,
and
all
of
that
this
would
take
that
off
the
table.
Really
I
mean
just
because
everyone
knows,
and
you
can
see,
and
it
is
proven.
You
know
that
it's
either
compliant
or
it's
not
compliant
so.
C
Right
yeah,
I
mean
everyone,
everyone
you
know
can
see,
and
also
everyone
is
you
know,
commitments
that
they
make
is
traceable
back
to
them
without
requiring
a
trusted
party
right
against
thanks
publicly-
and
you
know
the
two
parties
that
I
and
that's
a
very
good
point,
because
the
two
parties
that
I
didn't
really
talk
about
very
much
that
would
benefit
hardly
from
this.
Are
all
these
multiple,
like
insurers
right?
Every
contractor
has
at
different
points.
C
You
know,
like
you
know,
if
you're
transporting
something
from
one
point
to
another,
you
have
specific
insurance
for
that
right
and
the
banks
who
are
financing
these
projects.
I
mean
these.
These.
A
C
Take
a
huge
amount
of
risk,
but
they
have
the
least
amount
of
visibility
to
what's
actually
happening
in
a
project
and
they
also
have
the
you
know,
often
on
the
wrong
side
of
the
principal
agent
problem
right
with
misrepresentation.
You
know
what
my
professor
flugia
calls
strategic
misrepresentation,
people
intentionally
falsify
statements
and
so
on
right
because
of
the
incentives
that
are
in
the
project.
You
know
this
is
like
not
a
moral
thing.
It's
just
that!
That's
how
the
incentivization
projects
work
right.
So
I
think
that's
that's
a
great
point.
A
Yeah
yeah,
so
I
think
a
lot
of
you
know
this
this.
So
we
had
few
few
episodes
back.
We
also
had
manish
kumar,
who
was
the
who
was
the
ceo
of
real
x.
That's
a
new
company
which
is
tokenizing
real
estate,
so
for
for
models
like
that,
and
they
were
sort
of
a
collective
investment
scheme
where
they
were
getting
a
lot
of
people,
giving
fractional
ownership
of
properties,
so
imagine
commercial
properties,
commercial
warehouses,
etc
getting
created,
and
then
tokenized
and
multiple
owners
sitting
in
multiple
geographies.
A
Only
interacting
with
that
one
platform.
How
do
they
even
come
to
know
about
the
real
construction?
Because
you
know
what
manish
mentioned
on
on
this
show
was
that
one
of
the
challenges
that
they
face
is
they
can
only
work
with
properties
which
are
fully
constructed
and
they
are
the
ones
which
are
going
live,
which
are
there
which
are
which
exist,
and
that's
only
because
people
do
not
trust
builders
to
or
multiple
stakeholders.
A
It
can
be
a
very
complex
project
to
to
finish
off,
timely
and,
and
then
there
is
rental
assurance
coming
in
and
stuff
like
that.
So
when
does
that
kick
in,
it
has
to
be
linked
to
so
payouts
have
been
linked
to
the
construction.
So
when
does
construction
actually
happen?
Stuff
like
that?
So
so
I
think
to
an
extent.
This
is
also
taking
care
of
that
problem.
You
know
when
there
is
fractional
ownership
people
want
to
get
visibility
and
assurance
on
you
know.
A
The
work
which
is
getting
done
and
reported
on
is
is
absolutely
right
or
not,
but
at
the
same
time
I
would
also
not
want
to
reveal
who
the
other
parties
are,
who
the
other
co-owners
are.
C
Right,
yeah
yeah,
so
you
you,
can
I
mean
one
one
way
to
do
that
right
I
mean
you,
you
would
you
would
have
a
public
key
right
and
ask
tractor
or
as
a
b2b
you
know
you
know
entity
you.
B
C
B
C
In
the
case
of
private
individuals,
right
so
in
in
this
case
I
mean
it's
it's
purely
based
on
incentivizing.
You
know
revealing
your
identity
as
a
contractor.
You
don't
want
to
be
anonymous.
You
know
you
probably
won't
be
invited
to
a
project
if
you
want
to
hide
your
real
identity,
but
as
an
individual
investor,
you
know
you
could
participate
in
a
platform
in
this
project
right
yeah.
A
C
Needing
to
have
an
authenticated,
you
know
identity.
Now,
it's
also.
A
C
I'll
also
mention
one
more
thing
somewhat,
since
we
talked
about
tokenization
because
we
are
going
to
be
tokenizing
for
it
as
a
project
is
built.
Each
of
these
milestones
is
achieved,
you're,
creating
real
value.
Right
I
mean
if
you're,
building
a
house
you're
building
a
foundation.
You
know
you
have
a
smart
contract
that
describes
like
who's
going
to
be
building
the
foundation.
You
know
what
time
it's
going
to
be
done.
C
What
is
the
you
know,
payment
that
he
gets
and
so
on?
But
as
each
of
these
milestones,
smart
contracts
is
attained,
you're
creating
actual
value
and
they
are
going
to
be
generating
tokens
essentially
what
they
are.
C
You
know
to
represent
the
project
created
value,
so
the
entire
project
is
going
to
be
represented
as
a
set
of
tokens.
You
know
as
a
set
of
essentially
nfts
whether.
A
C
You
know,
or
an
offshore
oil
platform
or
wind
farm
right,
so
tokenizing
project
created
assets
is
the
other
part
of
it
which
I
didn't
introduce.
Yet.
C
A
For
our
viewers,
yeah
for
for
our
viewers,
who've
been
watching
us.
There
are
people
who
come
in
and
go.
I
see
on
youtube,
but
people
will
watch
us
in
future.
So
so
please
do
join
in
our
our
baseline
channels
go
to
baseline
hyphen
protocol
2rg.
I
forgot
that
part
in
the
beginning
of
the
show,
but
you
know
better
late
than
never
right
so
do
follow
us
on
tw
on
twitter.
We
do
a
lot
of
do
like
and
subscribe
this
this
channel
on
youtube.
We
do
make
a
lot
of
announcements
using
youtube.
A
C
To
you
on
yeah,
thank
you
samurai,
so
I
was
just
going
to
put
a
link
to
the
paper,
but
I
I
don't
see
if
I
can
do
that
or
not
you.
C
So
yeah,
essentially
I
mean
our
projects.
Projects
are
a
big
part
of
the
global
economy.
Right
I
mean
you're
talking
about.
If
you
just
take
mega
projects
mega
projects
being
like
a
billion
dollar
projects,
you
know
or
bigger,
they
cost
it
for
about.
C
And
they're
going
to
be
even
increasingly
a
bigger
and
bigger
part
of
the
global
economy
right
and
they
like
to
admit
performance
issues.
You
know,
if
you
take
any
project
sector
at
least
70
percent
of
the
budget
will
be
over
budget
forward
right.
C
So
this
is
a
big
economic
problem,
a
big
economic
problem
that
also
has
huge
structural
ramifications,
because
projects
also
deliver
infrastructure
to
the
world,
energy,
transportation
and
so
on,
and
what
we
are
trying
to
do
is
to
solve
the
inefficiencies
with
projects
by
going
to
the
fundamental
cost
right,
and
what
we
are
also
doing
is
that
we
are
not
doing
like
a
cloud-based
platform.
C
Which
means
that
you
can
use
zero
knowledge
proof,
you
can
coordinate
multiple
workflows
without
putting
data
that
you
need
to
be
considered.
You
know
under
the
control
of
some
kind
of
a
cloud,
so
okay
really
hope
that
you
know
blockchain
platforms
are
future
platforms.
You
know
it
reduces
some
of
the
power
that
cloud
providers
have.
It
removes
some
of
the
dependence
on
providers
to
coordinate
these
workflows.
C
This
is
also
one
of
the
reasons
that
you
know
a
lot
of
enterprises
don't
want
to
do
certain
things.
They
don't
want
that
to
be
another
entity
right
and
blockchain
platforms.
C
A
Okay,
okay,
I'm
not
sure
if
I
got
the
last
part.
Sorry,
it's
very
tough
like
that,
but
you
know
what
we'll
do
we'll
we'll
do.
One
more
show
with
you
where
we
also
maybe
get
to
see
your
product
and
I'm
so
sorry,
but
it
seems
like
the
elders
of
the
internet
are
not
very
happy
with
us
today.
So
you
get
so
you
get
bad
connection,
so
so
so
with
that,
you
know,
let's,
let's,
let's
try
and
wrap
up
today's
show
we
learned
about
a
new
industry.
A
We
also
spoke
about
complex
project
management
and
the
challenges
that
that
that
are
faced
on
complex
project
management
across
the
world
and
also
how
siberia
is
building
up
a
platform
for
managing
risks
on
project
management,
on
complex
projects.
So
with
that
I'd
like
to
wrap
up
today's
show.
Thank
you
so
much
all
of
you
tuned
in
and
thank
you
so
much
anand
for
walking
us
through
your
experience
and
what
you're
doing
with
baselining
and
with
siberia
thanks
mark
once
again
for
making
it
while
you're
sick.
A
We
we
hope
you
get
better
very
very
soon
and
you
you
stay
negative
off
of
the
c
word
that
we're
all
scared
of
awesome.
Thank
you.
Thank
you.
So
much
everyone.
It's
a
wrap.