►
From YouTube: The Baseline Show - India
Description
Weekly Office Hours of the Baseline Protocol for the Community in India.
Hosted by Samrat Kishor
@samratkishor
#baseline #baselineprotocol #baselineinindia #B2BBlockchain
C
C
A
C
A
A
Job
on
that
you've
already
mentioned
to
people
that
we're
going
live,
I
just
don't
know
what
to
do,
because
I've
set.
A
E
I
see
the
I
see
the
show
it
says
september,
four
yeah.
A
E
A
To
the
july
show
what
could
possibly.
A
So
in
the
meanwhile
we'll
get
started
we'll
start
talking,
because
this
is
a
recorded
session.
F
E
A
Anyway,
so
what
I'll
do
is
I'll
publish
this
one
later
on.
F
And
we're
still
using
zoom
for
the
india
baseline,
we're
not
using
the
new
format
that
we
used
for
the
us
baseline
this
week.
F
It's
a
if
it's
the
same
account
if
it's
still
configured
for
that
new
one
and
just
just
not
accepting
zoom.
A
A
Yeah,
just
just
post
this,
this
post
on
our
youtube
chat
that
we
are
having
some
technical
difficulties
and
we'll
be
posting.
The
video
an
hour
later.
C
A
Okay,
I'll
stop
livestreaming
here
again,
cool
sorry
good!
Then
there
we
go
mohan.
Are
you
coming
on
video
any
chance?
Because
you
know
that's
that's
what
happens?
John
has
been
telling
me.
It's
only
you
and
mark
were
visible
on
the
video.
Oh
yeah,
thanks
thanks
man,
so
hi
welcome
everybody
thanks
so
much
for
making
it
one
more
time
and
we
have
new
guests,
stephen
and
and
jack
thanks.
Once
again,
we
do
this
baseline
office
hours
in
india
every
saturday
at
6,
00
pm.
A
My
name
is
samrat
kishore
and
I
am
part
of
the
technical
setting
committee
at
baseline
protocol
and
head
of
community
in
india
really
great
to
have
regular
guests
mark
mohan
anushri,
you,
you
you're
picking
up
increasing
attendance.
Thank
you
so
much
for
making
it
and
we
have
you
know
team
of
the
creators
of
base
ledger
protocol.
A
Today's
today's
show
is
going
to
be
all
about
base
ledger.
Let's
talk.
Let's
talk
to
stephen
and
jack
from
unibride
about
what's
coming
in
base
ledger,
that's
one
of
the
major
major
announcements
which
happened
in
the
baseline
world
this
week
and
I'm
sure
for
the
entire
of
september.
We're
going
to
be
hearing
more
updates
and,
and
you
know
how
does
it
feel
to
to
put
out
the
test
net
and
and
seeing
people
actually
starting
to
use
it.
G
Yeah,
first
of
all,
thanks
for
for
having
me
or
for
having
us
here,
unibright
at
the
indian
baseline,
show
very,
very
great,
very
honored
to
be
here
yeah.
Basically
for
me,
it
feels
like
the
last-
let's
say:
12
months
also
felt,
because
when
we
are
our
building,
of
course,
we
are
building
our
stuff
every
day
and
the
baseline
community
also
meets
like
not
only
on
the
official
office
hours
but
also
like
on
a
daily
basis
between
maintainers
between
developers
between
companies
that
are
interested
in
using
the
baseline
approach.
G
G
But
of
course
it's
a
it's
a
huge
step
having
the
the
test
net
ready
and
launched
last
in
the
last
days-
and
I
think
it's
not
only
about
september
when
we
will
for
us
to
add,
updates
and
to
bring
new
news
around
it.
Of
course,
it
will
be
the
the
major
part
for
not
only
for
us
at
unibride,
but
also
for
our
friends
from
from
provide
and,
of
course,
for
all
those
that
engage
in
the
community
and
that
are
part
a
part.
G
For
example,
of
the
eat
atlanta
meeting
in
october,
so
yeah
for
for
baseline,
I
think
it's
it's
important.
Just
for
the
idea
we
had
with
base
ledger
to
to
close
the
gap
a
little
bit
between,
let's
say
the
the
desires
or
the
the
wishes
that
companies
have
when
they
want
to
use
blockchain
and,
on
the
other
hand,
a
very
good
approach
and
standard
like
baseline
and,
of
course,
ethereum
behind
it
and
based
ledger
for
us.
G
Is
this
that
that
missing,
link
closing
the
gap
with
all
the
technical
difficulties,
regulatory
things
cost
cost
matters.
So
we
want
to
close
the
gap
between
the
companies
for
actually
using
baseline
and
bass.
Ledger
is
the
one
of
the
tools
to
do
that.
A
Yeah,
it
makes
me
absolutely
proud
of
of
you
know
witnessing
this.
This
launch,
you
know,
especially
you
know,
harboring
the
whole
idea
of
baselining
and
and
we've
been
we've
been
talking
a
lot
since
the
past
over
a
year.
Now
that
you
know
things
need
to
be
done,
and
then
this
is
the
way
it
should
be
done
and
and
how
older
projects
which
could
not
take
off
for
some
reason
now
have
a
chance,
because
this
baselining,
because
there
is
there-
is
things
like
layer,
two
protocols
based
on
genetic.
A
So
so
you
know
without
further
ado.
Let's
also
look
at
test
and
do
you
wanna
walk
people
through
on
this
video,
how
they
can
get
involved,
how
they
can
actually
start
using
or
building
using
base
ledger.
G
We
are
always
trying
to
bring
two
lines
together
here
and
one
is
the
definition
of
a
protocol
or
a
standard
which
includes
a
complete
open
source
community
and
the
other
world
is
companies
that
are
building
products
around
this
newly
evolved
standard.
G
So
for
me
it
is
always
always
important
to
make
clear
that,
I'm
so
so
to
say,
I'm
part
of
the
baseline
community
and
part
of
the
tsc,
but
I'm
also
talking
for
unibright,
which
has
commercial
offerings
like
provide,
has
or
ui
or
every
other
company,
and
it's
it's
a
it's
an
open
world,
so
it
should
not
be
like
the
it's
not
called
the
unibride
show.
It's
called
the
baseline
show,
and
that's
that's
for
a
reason.
G
So,
of
course,
everything
I
I
bring
in
into
this
community
is
mainly
driven
by
things
that
our
clients
tell
us
and
how
they
want
to
use
blockchain
or
how
they
how
they
want
to
use
baseline,
and
in
that
spirit,
we
built
the
test
net,
because
we
want
to
test
things
out
to
make
sure
that
a
base
ledger
as
a
as
a
layer,
2
or
baseline
as
a
complete
idea,
gets
production
ready
so
for
people
to
understand
the
base
letter
test
that
approaches
developer
that
want
to
build
a
baseline
pattern
on
on
a
layer
2,
and
it
also
is
towards
customer
clients
that
want
to
have
an
like
an
easy
test
net,
for
example,
for
the
sap
when
they
will
build
a
test
case
with
other
companies,
also
using
a
big
erp
system
and
storing
base
line
proofs
on
base
ledger.
G
So
for
both
paths
we
have
something
prepared.
The
easiest
way
would
be
for
the
developers,
of
course,
to
check
out
github
not
only
from
the
baseline
side,
but
also
from
the
base
ledger
side.
So
it's
github.com
base
ledger,
of
course,
and
then
diving
through
the
through
the
readmes
and
also
making
the
connection
to
to
the
baseline
repos
in
in
terms
of
developer
engagement.
G
That
will
happen
a
lot
also
on
each
atlanta,
which
will,
which
will
also
hold
an
extended
hackathon,
to
bring
exactly
these
words
closer
together
and
for
all
the
companies
that
are
interested
in
how
base
ledger
actually
works.
We
already
have
a
test
net
up
and
running,
which
is
called
lakewood,
so
lakewood
lakewood.baseledger.net
shows
the
current
explorer
and
I
don't
know
if
somebody
of
you
could
share
the
screen
and
just
visit.
C
G
Website
I
can
also
try,
but
I'm
on
mobile.
So
perhaps
my
screen
is
a
little
bit
too
small.
I
can
try
or
somebody
else
shares-
and
I
comment
I
don't
I
don't
mind
I'll
try
just
a
second.
G
All
right
so
yeah,
it's
very
small
for
me
now,
but
I
try
to
to
find
my
way
so
currently,
the
the
block
explorer
that
we
show
on
on
lakewood
is
built
out
of
eight
validating
nodes,
so
a
very
small
net
still
because
one
of
the
reasons
we
built,
that
is
to
experiment
with,
let's
call
it
some
extreme
settings
of
the
valley
danger
sets.
G
So
this
is
all
to
give
the
the
companies
a
sense
and
an
understanding
how
the
net
behaves,
because
it's
a
layer
two
to
ethereum,
which
is
very
well
distributed
and
decentralized
and
the
reason
to
build
something
that
exits
into
ethereum
is
because
of
speed
and
costs.
Of
course.
So
the
the
there's
always
a
mitigation
between
how
big
is
the
actual
network,
meaning
how
many
validators
we
have
and
how
secure
and
decentralized
it
still
is.
G
So
this
is
the
first
idea
and
what
you
also
can
see
is
I
mean
currently,
we
have
a
lot
of
regular
regularly
blocks
that
get
posted
into
the
net,
but
you
also
see
blocks
with
transactions
which
you
can
see
on
the
on
the
right
side,
and
this
is
something
where
you
can
actually
explain
how
baseline
works.
In
terms
of
that,
you
cannot
tell
from
the
transactions
that
are
stored
on
the
blockchain,
who
is
doing
business
with
whom,
so
we
see
transaction
types.
G
Here
we
see
creators
which
are
obfuscated
from
the
from
the
from
the
signers
who
actually
sign
it.
We
have
two
different
ids
that
are
unique
for
every
single
transaction
like
uids
and
that
can
be
linked
to,
for
example,
the
object
in
your
sap
system
without
telling
the
world
what
what
kind
of
object
this
actually
is.
And
then
you
have
the
payload,
which
is
the
encrypted
information,
let's
say
as
part
of
a
workflow
of
two
business
participants,
and
this
is
completely
encrypted
and
can
only
be
encrypted
from
the
participants
of
that
process.
G
I
make
a
small
example,
so
if,
if
you
are
my
one
part
of
my
supply
chain-
and
I
want
to
order
something
from
you
and
I
sent
you
a
purchase
order-
I
will
do
this
off
chain
and
I
will
not
use
the
blockchain
to
store
the
actual
purchase
order.
I
will
send
it
you
on
a
secure
private
channel,
for
example,
using
technology
like
nets,
and
then
I
will
store
some
information
of
this
purchase
order,
for
example,
the
root
of
a
merkle
tree,
which
consists
out
of
the
the
data
of
the
last
work
step.
G
I
will
encrypt
that
and
store
it
in
the
payload,
and
I
will
tell
you,
as
my
counterpart,
this
transaction
id,
so
you
can.
You
can
find
it
in
the
blockchain
I'll.
Send
you
off
chain
the
purchase
order.
You
can
do
the
same
calculation
as
I
did
and
then
compare
the
two
payloads
with
each
other
and
if
they
are
exactly
the
same,
then
you
can
send
me
a
like
a
feedback,
a
positive
feedback
and
we
call
we
go
on
in
the
process.
A
G
G
We
don't
want
to
tell
a
company
with
like
a
multi-billion
revenue
a
year
that
they
should
switch
off
all
their
systems
and
start
using
something
fancy
new,
so
it
will
be,
they
will
still
be
using
their
sap
to
exchange
purchase
orders
on
whatever
channels
they
used
before
and
the
only
the
only
thing
that
we
add
is,
like
the
proof
level,
the
trust
level
on
a
decentralized
distributed
storage,
and
this
this
is
what
base
ledger
does
and
then
just
think
of
base
ledger
like
if
you
have
a
workflow
that
consists
of
thousands
of
purchase,
orders
with
different
versions
and
then
every
thousand
purchase
orders
to
bundle
them
up
and
store
them.
G
Those
bundles
that
were
stored
in
base
ledger
into
ethereum,
so
you
always
have
like
a
like
a
small
delay
where
you
are
working
on
on
base
ledger
and
then,
if
things
get
settled
because
the
process
gets
to
the
next
step,
for
example,
you
use
er
ethereum
as
the
next
yeah.
Let's
call
it
trust
level.
Yeah
and
that's
what
we
want
to
show
with
lakewood.
So
of
course
the
missing
link
here
would
be.
G
How
would
an
sap
user
store
his
transaction
into
lakewood,
and
this
will
be
part
of
the
things
that
we
want
to
show
in
september
september
and
on
heath
atlanta
to
present,
for
example,
a
small
package
that
sap
test
systems
could
include
on
their
own
system
and
then
have
a
button
on
their
purchase
order
store
this
transaction
in
in
base
ledger,
and
then
it
could
be
found
here
in
lakewood.
A
Sounds
awesome
sounds
awesome.
No!
Congratulations!
Stephan!
I
think
I
I
couldn't
be
more
excited
of
of
experiencing
baseless
myself,
and
you
know
just
conscious
of
time
you
you
had
expressed
that
you.
You
wanted
to
leave
a
little
early
because
you
had
another
engagement.
I
just
got
a
regret
from
from
the
other
team,
jack
and
and
and
kyle
been
driving
somewhere
and
they're
on
the
way,
so
so
yeah
any
any
other.
Anybody
has
any
questions.
Any
comments
on
what's
glenn
just
walked
us
through
hey.
E
Stephen
yeah:
do
you
have
a
development
network
as
well,
where
so
that
people
who
want
to
you
know
build
a
a
sample?
Application
can
essentially
develop
it
on
a
cluster,
and
you
know
before
you
even
kind
of
test
it.
You
know,
as
opposed
to
developing
a
test
protocol.
How
does
that?
How
does
lakewood
kind
of
figure
into
that.
G
Yeah,
I
think
I
think
the
perspective
from
from
lakewood
is
more
like,
like
the
user,
who
does
not
want
to
see
any
of
the
implementation
of
the
blockchain
implementation
below
I
mean
that's
always
the
the
thing
we
have
to
mitigate.
We
want
to
show
the
how
it's
developed
it's
open
source
and
you
can
use
the
phd
chestnut
if
you
are
a
developer
and
really
want
to
go
through
every
single
line
of
code.
G
But
in
the
end,
if
we
want
to
make
this
a
success
and
if
we
want
to
drive
adoption,
we
have
to
find
all
those
business
customers
that
are
using
erp
systems
and
tell
them
that
they
don't
have
to
change
anything.
So
the
idea
of
lakewood
is
more
it's
a
preparation
to
show
a
distributed
net,
but
what
we
want
to
show
with
it
is
the
plugins
into
sap
that
you
can
use
it
and
you
find
it
on
the
blockchain
and
do
not
care
about
how
it
is
written
into
the
blockchain.
G
So
to
say,
and
if
you
are
more
like
on
the
security
team
of
your
company,
who
is
responsible
for
the
proper
integration
of
the
erp
system
into
other
systems,
then
you
would
most
probably
have
a
look
into
the
github,
how
the
actual
nodes
are
built
and
how
a
transaction
gets
encrypted
and
how
it's
decrypted
and
how
the
work
group
concept
and
baseline
works
and
all
these
all
these
things.
G
So
we
are
doing
two
things
at
the
same
time,
providing
all
the
detail
on
how
it's
built
and,
on
the
other
hand,
hiding
the
details
from
those
that
just
want
to
use
it.
This
is
the
things
we
try
to
do
with
those
two
test:
nets.
E
Can
you
provide
a
the
link
to
that
sort
of
the
high
level
dab
resources
for
for
this?
You
know,
perhaps
you
can
share
that,
so
that
people
who
want
to
get
both
perspectives
or
who
want
to
get
either
our
perspective
can
do
so.
G
Sure
I
mean
the
per
the
perfect
entry
point
is:
oh,
I
stopped
sharing
my
screen,
but
it's
on
base
ledger
net,
of
course,
and
then
you
have
on
the
main
menu
you
have
the
testnet
subpage
and
from
there
you
can
directly
link
to
the
base,
ledger,
github
and
docs
and
everything
I
just
said
like
how
these
two
test
nets
are
meant
to
to
be
understood.
G
Exactly
this,
I
I
could
have
read
it
from
the
docs.
So
as
I
as
I
was
part
of
writing
them,
I
can
do
it
the
way
I
did,
but
you
will
find
all
the
information
in
github
in
in
the
docs
as
well
and
in
terms
of
for,
for
example,
a
plug-in
for
sap
to
to
be
tested
on
on
lakewood.
As
I
said,
this
is
part
of
the
things
that
we
want
to
show
in
september
and
over
the
hackathon
on
east
atlanta.
E
The
second
question
I
have
is,
I
guess
it's
actually
a
two-part
question.
How
is
this
kind
of
complementing
provides
stack,
I
mean,
is
it
is
it
does
it
depend
on
provide
stack,
is
an
intro
operating
with
provide
stack
in
some
way.
G
Yeah
yeah,
so
so
again,
two
two
roles
I
have
here
from
the
from
the
baseline
perspective
and
from
the
standard
perspective
base
ledger,
does
not
change
a
thing,
because
it's
defined
in
the
standard
how
systems
of
record
should
interact
with
each
other
using
an
off
chain
messaging
protocol
using
serial
knowledge
proofs
that
are
anchored
into
a
public
blockchain.
G
So,
in
terms
of
this
there's
no
new
complexity
introduced.
The
only
thing
we
did
so
to
say
is
exchange
ethereum
as
the
final
blockchain
by
base
ledger
being
an
intermediate
blockchain
that
exits
into
ethereum
at
certain
points
from
the
perspective
of
unibrite
and
provide
for
all
those
that
are
using
the
tech
stack.
G
Of
course,
it
is
integrated
in
the
in
the
provide
stack
you
can,
you
can
think
of
provide
like
a
software
as
a
service
offering
with
different
blocks,
for
example,
for
identity
management
or
for
storing
keys
involved
or
for
doing
zero
knowledge
calculations
and
proofs
and
privacy,
and
there
is
just
just
another
package
which
is
called
like
base
ledger
integration,
so
for
them
for
the
users
of
provide.
It
would
be
the
easy
switch
to
configure
their
stack
in
a
way
that
it
writes
the
proofs
into
base
ledger
the
provide
stack.
G
I
should
mention
this
explicitly,
although
kyle
would
be
the
better
one
to
explain.
The
provide
stack
also
got
open
sourced
with
the
announcement
of
the
base
ledger
test
net.
So
it's
it's
not
a
closed
game.
It's
not
something
where
we
develop
something
and
say
we
will
not
show
this
to
anybody.
The
opposite
is
the
case.
Although
it's
competition
on
the
commercial
side,
we
think
on
that
very
early
stages
of
a
new
standard
in
protocol,
it's
the
best
if
we
open
source
everything
and
invite
everybody
to
improve
on
the
standard
site
as
well.
E
You
know
the
last
part
is
the.
I
guess
the
discussion
you
had
earlier,
where
you
talked
about
you
know,
sending
a
sort
of
purchase
order
through
a
workflow
sort
of
as
part
of
a
workflow
and
then
you're
sending
it
just
as
a
as
a
message
like
an
email
as
a
summarizer
and
and
so
what?
If
I,
if
I
get
the
purchase
order,
the
hash
signature
link
into
the
into
the
base
ledger,
then
all
I
do
is
basically
verify
like.
G
Yeah,
so
I
I
think
yeah,
you
are
right,
and
this
is
the.
I
think
this
is
the
easiest
use
case
and
for
me
personally,
from
my
experience
with
clients
is
the
it's.
The
most
probable
use
case
for
the
months
to
come.
Baseline
was
not
introduced
with
this
very
easy
use
case
in
mind
where
just
two
parties
exchanged
something
like
they
exchanged
today,
and
they
have
an
additional
level
of
trust
with
with
baseline
that
both
can
rely
on.
But
my
personal
opinion
is
that
in
the
beginning,
exactly
this
will
be
the
case.
G
That's
used
most
most
often,
of
course,
we
can
go
way
further.
In
terms
of
that,
for
example,
a
workflow
consisting
of
different
work
steps
not
only
exchanges
documents
but
exits
into
something
that
holds
a
value
like
like
an
invoice,
and
then
the
invoice
is
not
paid
on
on
a
classical
channel,
but
perhaps
with
creating
a
token
that
can
then
be
sold
to
other
providers
who
finance
these
invoices.
So
there's
endless
possibilities
in
terms
of
how
d5
builds
on
on
baseline.
G
G
I
don't
know
you,
you
start
the
supply
chain
and
then
we
have
discussions
afterwards.
What
was
what
was
ordered
and
what
was
delivered,
and
if
these
two
don't
match,
then
we
have
a
problem
and
something
like
baseline
or
in
the
baseless
implementation
can
already
help
on
that
case
and
perhaps
solve
like
80
percent
of
the
ongoing
discussions
in
a
supply
chain,
because
both
parties
agreed
to
a
certain
state
of
truth
and
anchored
this
agreement
in
a
public
blockchain
which
cannot
be
altered
afterwards.
E
E
Sort
of
example,
just
with
this
example
that
you
just
kind
of
talked
about
so
what
I
ordered
and
what
you
delivered
right.
So
I
I'm
customizing
a
car
and
it's
it's
a
custom
car
and
you
are
you're
ready
to
deliver
car.
You
send
me
the
the
the
bill
of
material,
essentially
the
the
the
the
I
guess,
the
villa
associated
with
this
car-
that's
ready
to
ship
and
that
one
basically
is,
but
the
verification
would
be
obviously
that
what
you
ordered
all
the
configurations
that
you
ordered
all
the
people
that
needed
to
get
that
done.
E
You
know
basically,
that
those
things
are
done
and
I
guess
the
block
explorer
would
be
able
to.
I
could
I
could
drill
down
to
make
sure
that
all
of
the
different
compliance
points
were
met.
So,
for
example,
you
know
if
you're
dealing
with
a
you
know
if
you're
dealing
with
a
sort
of
a
customization
of
a
vehicle.
Like
you
know,
you
give
it
to
a
third
party
that
that
is
kind
of
customizing,
this
car
to
have
special
wheels.
You
know
maybe
they're
changing
it
from
gasoline
to
hydrogen
or
whatever
it
is.
E
G
Of
of
course,
but
always
having
in
mind
that
none
of
none
of
this
information
will
ever
end
up
in
the
blockchain,
so
we
you
will
definitely
not
use
the
block
explorer
for
this
one.
You
will
use
the
block
explorer
to
ensure
that
if
your
counterparty
agreed
to
something
and
stored
this
agreement
encrypted
on
a
blockchain,
then
you
can
use
the
blocks
block
explorer
to
verify
that
it
really
ended
up
in
the
blockchain,
and
that
he's
not
just
telling
you
that
he
wrote
it
in
there.
G
But
but
what
you
described
for
me
is
already
like
a
multi-level
workflow,
consisting
of
hundreds
or
even
thousands,
of
work
steps
in
between,
because
it's
you
just
described
like
one
of
the
most
complex
business
case
scenarios
already.
So
if
we
break
it
down
to
a
very
simple,
I
sent
you
a
document
and
you
agree.
This
document
is
correct
and
we
both
continue
to
work
on
this
state
of
truth
with
the
next
document.
And
if
this
document
is
just
like
this
is
the
deliberately
addressed
and
then
you
say:
okay
accept
it.
G
I
got
the
delivery
address.
Then,
at
least
you
cannot
tell
me
afterwards,
you
send
it
to
another
address,
because
we
both
agreed
on
that
one,
but
the
information
on
the
delivery
address
will
only
live
in
your
system
and
in
my
system,
and
the
only
thing
that
ends
up
in
the
blockchain
is
the
agreement
that
we
both
agreed,
that
this
address
that
was
exchanged
off
chain
is
the
right
one.
F
E
There's
not
a
so
there's
not
a
way
to
explore
not
on
the
blockchain
but
in
again
through
you,
know,
private
identifiers
or
set
of
identifiers
that
what
was
done
I
mean
outside
you
know
in
the
sort
of
the
private
workflow
outside
of
the
block
chair.
G
No,
the
no
no,
the
the
idea
is
that
we
both
verify
this
in
our
system
and
we
store
it
only
in
our
systems
where
we
control
the
firewall
and
who
has
success
and
who
not.
But
if
we
want
to
prove
to
somebody
else
so
now
we
can
come
to
the
third
parties
that
we
agreed
on
that
one.
Then
we
can
let's
say
rerun
the
calculation
on
that
document
and
both
see
okay,
the
result
of
that
calculation,
for
example,
the
the
root
of
a
mercury,
was
stored
in
the
blockchain.
G
So
nobody
can
say:
oh
I
didn't
know
because
the
it's
in
the
blockchain,
but
but
we
we
should
not.
I
mean
it's
a
very
it's
a
very
unibrightish
way
to
see
it
because
I
know
that
baseline,
of
course
has
way
more
in
in
mind
with
exiting
into
defy
and
especially
the
third
parties
involved.
You
know
I
mean
what
what
we
are
discussing
here
is
just
classical
business
between
two
parties
and
using
a
blockchain
as
an
as
the
truth
or
trust
layer,
but
with
serial
knowledge
proofs.
G
I
tell
you
something,
and
I
can
tell
you
I
can
prove
to
you
that
I
know
the
truth,
but
I
will
not
show
you
what
the
truth
is
so,
but
this
for
me
still.
This
is
level
two,
because
we
have
so
much
work
to
do
and
so
many
potential
clients
that
would
be
happy
with
level
one
already
that
the
unibright
stefan
focuses
on
that
a
little
bit
and
the
baseline
stefan
is
very
excited
about
all
the
additional
opportunities
to
come.
Awesome.
A
Awesome,
no,
I
was
just
chiming
in
with
two
questions.
Stefan
and-
and
you
know,
people
who
are
watching
this
on
youtube
at
a
later
time.
From
now,
please
do
subscribe
to
the
channel.
We
keep
posting
updates
like
this
one
very
frequently.
The
second
thing
is:
do
visit
stefan's
other
video,
where
he's
explaining
baseline,
I
think
that's
a
pretty
good
primer
on
on
baseline,
where
stephen
has
taken
the
taken
us
through
everything.
It's
even
what
was
like
10
minutes.
G
Yeah
and
and
there's
also
very
much
team
effort
I
mean
only
because
I
am
talking
to
the
camera-
does
not
mean
that
I
am
the
one
explaining
it.
For
example,
we
had
that
demo
day
in
december
of
last
year,
where
we
had
this
explanatory
videos
and
especially
what
what
I
described
now
with
that
supply
chain
relationship
is
explained
there
also
in
detail.
So
there
is
a
lot
of
actual
educational
material
out
there.
G
My
personal
opinion
is
that
the
best
educational
material
will
be
if
a
productive
client,
like
kona,
for
example,
uses
a
baseline
and
base
letter
and
then
tells
the
world
how
the
processes
got
improved
because
then
the
others
will
start
to
listen
and
not
necessarily,
if
developers
explain
how
great
they
develop
and
are
because
every
developer
does
this.
So
we
need
some
real-world
proof
that
it's
great.
A
I
was
sort
of
coming
in
with
two
questions
which
are
more
businessy
in
nature.
One
you
know:
can
we
can
we
sort
of
address
the
elephant
in
the
room
that?
What
what
is
it
different?
What
is
different
in
this
new
layer?
Two
protocol
in
this
new
protocol
that
we
are
talking
about
and
we've
dedicated
today's
show
to
that
one
protocol.
What
is
different,
blockchain
has
been
into
existence.
People
have
spent
millions
of
dollars,
millions
of
dollars
committed
in
vc
funding
on
blockchain
projects.
G
Is
this
a
question
for
me
yeah
yeah,
I
think
the
beauty
about
baseline
is
that
it
really
does
less
than
what's
possible.
I
mean
it's
really
bringing
blockchain
to
be
an
additional
trust
layer
and
not
being
a
world
computer.
G
I
think
when
a
new
technology
arises.
First,
you
have
something
where,
where
you
get
more
and
more
excited
and
try
to
rebuild
more
of
the
existing
world
with
that
new
technology
and
then
there's
some
point,
I
think
we
had
this
point
in.
I
don't
know
perhaps
2018
or
2019,
where
you
recognized
okay,
perhaps
the
old
technology,
the
old
technology.
Isn't
that
bad
at
all,
so
we
don't
have
to
rebuild
everything
on
blockchain,
but
what
could
we
use
blockchain
for
that?
G
The
existing
technology
does
not
bring
and
baseline
for
me,
is
the
perfect
sum
up
of
this,
because
it
only
stores
a
very
reduced
types
of
data,
but
this
if
it's
done
right,
this
ensures
everything
that
you
have
with
the
decentralized
distributed
ledger,
because
it
ensures
that
trust
and
that
not
one
party
can
decide
on
its
own
to
delete
something
or
to
change
something
afterwards
and
base
ledger
even
goes
further
because
it
reduces
what
blockchains
are
able
to
do
only
to
storing
baseline
proofs,
and
that's
why
it
can
be
very
lightweight.
It
can
be
very
cheap.
G
A
And
I'm
going
to
ask
you
one
more
question
which
sort
of
leads
from
your
previous
response,
which
is
on
variable
cost.
So
we've
we've
picked
up
the
topic
of
variable
costs
on
this
on
this
show
in
the
past.
So
so
you
know
what
do
you
have
to
tell
people
who
are
watching
watching
us
today
and
we're
going
all
gung-ho
about
base,
ledger
and-
and
everybody
knows
about
ubt-
you
know
the
variable
price
etc.
So
so
how
do
we
give
comfort
to
corporates?
A
Because
I
think
that
has
been
the
biggest
challenge
and
why
you
know
enterprise
ethereum
alliances
is
still
you
know
a
gang
of
big
boys,
and
you
know
the
smaller
ones
are
really
not
even
exploring
coming
there,
because
everybody
feels
that
we
will
be
number
one
will
be
required
to
hold
a
cryptocurrency
number
two
there'll
be
absolutely
variable
costs
which
nobody
can
predict.
So
so
how
do
we?
How
do
we
answer
that
question?.
G
So
for
all
those
companies
that
were
excited
about
the
possibilities
of
the
of
the
technology,
they
were
perhaps
a
little
bit
resistant
because
of
the
downsides
of
not
being
able
to
calculate
the
prices
of
a
transaction
for
next
year,
and
if
you
think
about
integration
projects,
most
of
them
are
long
time
projects.
So
you
don't
set
up
a
automated
integration
for
one
month,
it's
more
like
for
five
or
ten
years,
and
then
suddenly,
technology
changes
and
all
the
guys
who
set
it
up
are
not
in
the
company
anymore.
G
So
it's
it's
really
good
to
have
something
in
something
in
between
that
uses
the
technology,
but
also
gives
some
stability
on
on
the
price
and
with
with
unibride
and
ubt.
We
already
tried
that
with
our
products
like
the
framework
where
we
said,
there's
only
a
part
in
ubt
and
then
it
can
be
month,
monthly,
renewed
with
with
a
fiat
price,
because
this
is
still
business
standard.
We
cannot
change
the
world
too
fast
and
with
base
ledger.
G
It
goes
even
one
step
further
because
you
can
estimate
the
transaction
costs
for
whatever
you
want
to
store
in
in
base
ledger,
and
then
this
is
calculated
in
real
time
to
a
price
on
a
price
list
that
the
client
uses
and
most
of
them
still
use
us
dollar
or
euro
or
whatever
yeah
so
yeah.
This
is
this.
G
A
It
okay,
so
you're
saying
it's
going
to
be
under
the
hood
and,
and
people
are
not
really
going
to
experience
it
firsthand.
You
know
they'll
be
ultimately
they'll,
be
approving
us
dollars
being
spent
on
a
transaction
being
logged
on
to
the
blockchain.
G
Yeah
yeah
again
again,
this
is
the
this
is,
but
this
is
the
unibright
stuff
I'm
talking
I
mean
this
is
our
offering
from
our
product
stack
that
people
do
not
have
to
care
about
current
crypto
prices.
Of
course
it's
not
mandatory
in
the
baseline
standard.
You
can
also
come
up
with
with
another
implementation
that
takes
one
I
don't
know
abc
crypto
whatever,
but
then
this
would
not
be
my
business.
A
baseline
does
not
define
how
the
commercial
software
that
implements
the
protocol
has
to
do
with
business
model.
A
Absolutely
and
that's
that's
the
point-
I
wanted
to
drive
home
with
this,
this
line
of
questioning.
So
so
thank
you
so
much
stephen.
I
think
this
has
been.
This
has
been
a
great
discussion.
I
I
hope
companies
now
start
looking
at
the
solution
and
also
you
know.
This
is
a
big
moment
for
baseline
community
in
general.
You
know-
and
you
know,
with
you,
we
have
the
baseline,
stefan
and
the
you
know
unibright.
A
Stefan,
I'm
hoping
that
if
kyle
was
here,
he
would
have
been
talking
like
that
too,
because
he's
been
he's
been
instrumental
in
both
baseline
as
well
as
you
know,
basically,
they're
going
live
so
you
know
last,
but
not
the
least.
I
think
what
is
important
is
you
know
that
all
of
us,
maybe
we
can
talk
about
our
own,
our
own
industries
and
and
we
can
we
can
you
know
we
can
jam
about.
You
know
where,
where
do
we
see
this
heading?
Where
do
we
see
this?
A
Know
there
was
one
show
where
there
was
just
me
and
mark
talking
about
tco
of
blockchain
projects
and
and
and
how
you
know
baseline
can
really
make
a
difference
so
mark
you
do
you
want
to
come
in.
F
No
actually-
and
this
was
you
know,
one
of
our
our
our
main
launch
customer
within
baseline.
You
know
kona,
north
america,
they
had
been
working.
F
You
know
within
a
certain
blockchain
solution
that
they
were
trying
to
get
to
work
and
they
were
running
into
the
same
problems
that
so
many
development
teams
that
are
working
in
blockchain
or
running
are,
you
know,
have
had
to
stare
in
the
face,
is
scalability
and
covering
that
last
mile
we
just
could
not
get
it
to
scale
into
a
true
multi-party
environment,
and
it's
really
it's
almost
like.
F
You
were
trying
to
really
rush
the
technology
before
it
had
a
chance
to
fully
bake,
and
you
know-
and
this
is
part
of
innovation-
I
mean
you
know
the
it's
fail
fast
and
fail
forward.
You
know
yeah
and
but
at
the
same
time
you
have
a
lot
of
people
on
the
business
side
that
are
saying.
F
We've
invested
quite
a
bit
into
this
and
we'd
like
to
see
a
return
on
that,
and
so
you
have
a
lot
of
innovation,
department,
heads
or
ctos
or
cios
that
that
will
keep
them
awake
at
night
and
you
can
say,
hey.
We
have
a
technique,
we
have
a
methodology
that
we
can
actually
allow
you
to
salvage
this
and
still
maintain
the
original
operating
environments
of
the
counterparties,
and
you
know
that
they,
you
know
are
in
a
you
know,
a
proven
state
of
consistency.
F
So
probably
one
of
the
most
common
aspects
thing
I
I
will
come
and
commonly
tell
people
about
baseline
is
you
know
you
have
a
buyer
and
a
seller.
You
know
the
seller
wants
to
make
sure
that
his
invoice
matches
the
buyer's
bill
and
so
much
operational
cost
and
friction
comes
out
of
that
trying
to
sync
those
two
up.
F
You
know
because
a
lot
of
times
you
know
they'll
use
one
software
package
for
generating
the
invoice
that
will
then
truncate
to
another
software
package
that
will
actually
issue
the
bill,
and
so
you
want
to
make
sure
that
you
know
and
why
those
two
haven't
been
merged.
I
don't
know
why,
but
again
you
know
it
comes
from
account,
receivable
and
account
payable.
So
I
mean
I
guess
it's
going
to
be
two
different
sides
there,
but.
F
Exactly
and
so
as
far
as
industries
that
I
think
that
really
can
benefit
from
this-
and
I
I
say
this
all
the
time,
because
I
always
talk
about
health
care,
especially
the
u.s
based
health
care
system,
which
you
know,
20
cents
of
every
health
care
dollar
is
lost
for
through
friction
through
fraud
through
waste
and
abuse,
and
the
innovation
within
that
industry
is
seriously.
You
know
constrained
because
of
the
very
strict,
very
draconian,
really
data
privacy
laws.
F
F
You
know,
ultimately,
whenever
you're
adjudicating
a
claim,
there's
so
much
that
happens
before
the
procedure
even
happens,
and
then
there
is
the
mechanism
for
how
do
we
pay
for
this
procedure
and
document
within
the
person's
patient
history?
Did
this
procedure
happen?
Any
complications,
any
specific
details?
All
of
that
you
know,
cannot
be
released.
F
You
know
and
it's
being
held
within
a
system
of
record
individually,
but
when
it
comes
to
having
the
counterparties
and
the
other
people
involved
within
the
claims
process,
having
them
all
at
least
have
their
record
keeping
consistent
will
go
such
a
tremendous
distance
in
you
know
in
really
fixing
this
environment,
and
I
think
that
with
baseline
we
have
a
you
know
a
particular
advantage
there,
because
it's
we're
not
asking
you
to
you,
know,
replace
anything.
All
we're
doing
is
saying
the
existing
environment
we're
making.
It
run
better.
F
F
You
know
all
of
this
has
been
disseminated,
and
there
are
these
massive
call
centers
where
people
will
say:
okay
well,
this
bill,
it
has
a
different
coding,
taxonomy
that
we're
used
to.
We
say
this
is
incorrect.
This
is
incorrect.
F
This
is
incorrect,
correct
these
and
send
it
back,
and
it's
back
and
forth
and
forth
and
back
in
fact,
and
until
they're
finally
matched
up
and
you
know,
and
that
takes
weeks
or
even
months
you
know,
wouldn't
it
be
glorious
if
you
could
turn
it
to
minutes
or
even
seconds,
so
it
would
disrupt
some
people
that
you
know
generally,
you
know,
build
and
operate
these
large
call
centers,
but.
A
A
You
could
do
it
now
mark
you
know
we
we
picked
up
that
as
well.
I
think
so,
and
you
know
I
would
also
come
to
honor
free
energy
last
time
when
we,
when
we
were
when
we
had
you
talking
about
billing
systems
and
telephone
in
general,
we
spoke
about
constant
state
of
synchronization.
I
think
that
was
the
key
word
on
that
day
and
we
would
really
love
it.
We
sort
of
tweeted
it
and
then
and
made
a
whole
run
with
that.
A
A
Yeah
that
way
the
transaction
costs
go
down
so
now
I
just
want
to
sort
of
break
it
down
into
very
layman
terms,
because
you
know
you
you
come
in
today
after
a
while,
so
I
thought
just
catching
you
up
what's
happening
so
so
what
do
you
think?
What's
going
to
what's
going
to
change
in
your
world.
D
Yep,
so
I've
been
just
listening
to
stephan
so
now.
Thank
you
for
a
great
explanation.
Stephen
people
like
me,
who
are
very
literate
to
this,
can
really
understand
as
what
you
explain
in
terms
of
telecommunication.
What
I
can
really
relate
to
right
now,
straight
away,
is
the
security
aspect
and
the
simplistic
you
know
lightweight
architecture
that
stephen
just
mentioned
that
reduces
a
lot
of
overhead
to
the
telecommunication
systems
that
is
straightway
and
straight
away
head-on.
You
can
see
that,
but
you
know
there's
also
an
address
to
the
data
sizing
this.
D
The
one
of
the
aspect
we
discussed
that
day
before
is
the
big
data.
This
data
sizing
is
getting
huge,
so
the
way
base
ledger
is
simplifying
the
data
sizing.
Also,
that
is
also
a
great
aspect
to
the
systems.
Now
comes
the
constant
state
of
synchronization
like
in
telecommunication
systems.
As
we
all
know
like
there
are
for
every
service,
there
is
a
microservice,
so
every
service
is
running
independently
and
they
have
to
be
in
sync
always
all
the
time
so
that
that
was
one
question
in
my
head.
D
When
stephan
was
explaining
and
probably
mark
addressed
it
a
bit-
and
I
was
just
thinking
like
most
of
the
telecommunication
system
at
the
background-
even
the
database
would
not
be
on
a
same
note.
Every
node
is
separate
and
the
request
can
hit
two
gateway
and
then
the
request
for
this
can
be
distributed
across
multiple
nodes.
So
I
was
just
thinking
whether
there's
a
there's,
a
kind
of
a
auto
intelligent
way
of
syncing
across
the
nodes.
D
Is
that
something
that
base
ledger
addressed
this?
I
might
be.
It
might
be
a
layman
question,
sorry
about
that,
but
I
was
just
thinking
in
my
head
whether
does
the
system
auto
syncs
across
nodes,
because
that
is
one
aspect
where
transactions
can
hit
to
any
of
the
node
and
it
always
works
in
a
cluster,
especially
in
the
telecommunication
domain,
because
the
systems
are
huge.
G
So
of
course,
if
we
understand
base
ledger
as
a
as
a
blockchain,
then
of
course
all
the
nodes
are
are
synchronized
and
the
the
perfect,
let's
yeah
the
sweet
spot
of
how
many
validators
in
in
that
network
are
needed
to
make
it
sufficiently
secure
and
at
the
same
time
providing
the
performance
is
exactly
one
of
the
metrics
that
we
will
find
out
in
the
in
the
test
net
operation,
although
with
with
tendermint,
there
have
been
a
lot
of
tests,
of
course
already
and
from
a
business
perspective.
G
I
think
what
you
are,
what
you
are
referring
to
is
more
the
work
group
concept
to
to
define
off-chain,
which
nodes,
if
you
see
that
every
customer
would
would
run
a
node
where
he
can
store
base
ledger
proofs,
then
to
define
how
these
different
work
groups
interact
with
each
other.
I
mean,
if
I'm
in
a
big
supply
chain
network,
then
I
have
hundreds
or
thousands
of
connections
between
a
group
with
other
groups
or
single
players
with
other
single
players.
G
So
I
think
there
will
be
a
lot
of
intelligence
needed
how
these
work
groups
are
set
up
and
how
they
interact
with
each
other.
So
this
this
is
really
vital,
and
I
don't
have
the
perfect
answer
to
that.
Yet,
but
in
terms
of
the
pure
blockchain
understanding,
of
course,
the
the
node
synchronization
is
vital
and
it's
part
of
the
underlying
tenement
protocol
anyway,.
D
Great
yeah,
that's
good
to
know.
Probably
there
could
be
a
road
map
related
to
that
as
we
go
along
with,
with
this
journey
of
baseline.
A
Yeah,
that's
why
the
september
is
going
to
be
base
leisure
party.
You
know
on
this,
show
we're
going
to
be
talking
about
all
updates
as
and
when
we
get
we
keep
getting
from
stefan
from
kyle
stephen.
A
C
A
A
Sure
so
I
think,
with
that
we
can
wrap
up
the
show
for
today.
Thank
you
so
much
everybody
who
made
it
jack,
I'm
hoping
that
the
community
is
super
excited
about
the
launch
and
we
see
we
see
ubd
going
to
the
moon
very
soon.
B
B
They
are
very
happy
and,
and
also
with
you
a
lot
so
oh.
A
B
B
A
And
subscribe
to
the
channel,
please
do
that
and
if
jack
is
right
and
if
I
really
have
a
fan
following
please
do
pop
in
to
the
baseline
network
start
contributing
in
whatever
way
you
can.
We
are
also
focusing
a
lot
of
energy
these
days
on
the
go
to
market
effort.
So
it's
not
just
about
coating,
it's
not
just
about
technology.
We
need
people
from
all
walks
of
life.
Yeah.
A
So
so,
if
community
members
are
really
keen,
you
can
hit
me
up
on
linkedin
on
twitter
and
and
we
can
have,
we
can
have
a
chat,
how
you
can
contribute.
B
B
Conversations
with
other
people
like
this,
you
can
also
start
with
other
people,
yeah
and
tech
tech,
other
people
also,
so
they
can.
A
Yeah
yeah
absolutely
and
I'm
super
reachable
on
on
slide
channel
as
well
on
baseline.
So
again
we
can
chat
them
as
well.
Well,
with
that,
we
wrap
up
today's
show.
Thank
you
so
much
everybody
for
making
it.
We
do
this
every
week
at
6
p.m.
India
time
every
saturday
do
tune
in
next
time
as
well.
Thank
you.