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From YouTube: Web3 for the Real World: Including the Next Billion - Chris Georgen - Montaña (Main Stage)
Description
Web3 for the Real World: Including the Next Billion presented by Chris Georgen at Sustainable Blockchain Summit LATAM 2022 - https://sbs.tech/
A
A
A
Zero
is
a
layer
one
so
like
an
underlying
blockchain
but
think
more
multifunctional
or
think
about
the
idea
of
being
able
to
have
part
of
your
network
optimized
for
one
thing,
maybe
like
biodiversity
and
another
part
of
the
chain,
fully
optimized
for
tracking
and
Counting
carbon
credits,
for
example.
That's
what
an
L
zero
is
and
we're
in
l0
that's
exclusively
focused
in
the
impact
and
sustainability
space,
meaning
that
basically
every
single
engineering
decision,
every
single
design
decision
we've
made
from
the
last
five
years
has
been
optimized
to
say
how
can
we
best
Empower?
A
How
can
we
best
support
impact
and
sustainability
projects?
So
that's
everything
from
our
underlying
consensus
layer,
which
we
made
to
be
as
inclusive
as
possible
to
how
we
designed,
like
our
Ledger
and
our
accounting
system,
to
our
smart
contract
language,
all
the
way
up
to
our
tokenomics
and
asking
the
question
like
how
can
the
protocol
itself
helped
fund
some
of
these
initiatives?
So
that's
what
topple
is
that's
who
we
are
and,
and
our
perspective
on
the
Space
is
really.
You
know
it's
captured
by
the
slide
that
I
have
right
here.
A
If
we
think
about
how
impact
works
today,
it's
in
a
lot
of
ways
like
a
failed
flywheel
that
every
time
you
want
to
have
more
positive
impact,
you
have
to
put
more
money
into
the
system.
You
know,
I
have
for
every
amount
of
impact
for
every
amount
of
carbon
I
want
to
capture
every
piece
of
the
rainforest.
I
want
to
save
it's
always
fresh
money,
fresh
budget
that
needs
to
be
allocated
the
world
that
the
Tuple
envisions
and
what
we're
working
towards
is.
We
want
to
close
that
Loop.
A
We
want
to
close
that
flywheel
and
we
want
to
say
the
only
way
that
positive
impact
sustainability
can
really
reach
the
levels
that
it
needs
to
is,
if
it
becomes,
you
know,
profit
generating
if
we
can
capture
the
money
and
the
profits
and
the
benefits
from
one
turn
of
the
wheel
and
use
it
to
power.
The
next
turn
of
the
wheel-
and
that's
really
our
perspective
on
the
space-
is
saying:
how
can
blockchain
technology?
How
can
web3
complete
this
cycle
and
truly
make
sustainability?
A
How
can
we
make
sustainability
or
positive
impact
more
sustainable?
That's
what
our
perspective
is
now
to
get
into.
You
know
the
matter
of
the
talk
that
itself
we'll
skip
over
this.
The
first
thing
that
I
want
to
do
is
I
want
to
acknowledge
some
of
these
first
order
benefits
that
blockchain
has
I
was
at
another
refi
event
actually
last
week
we're
having
a
ton
of
conversations
about
just
what
blockchain
technology
as
the
technology
can
do
for
for
sustainability
for
carbon
markets.
You
know.
A
First,
we
have
this
idea
of
digital
mrv
for
anyone
not
familiar
mrv
monitoring,
reporting
verification.
It's
this
idea
that
we
have.
You
know
fairly
Antiquated
carbon
markets.
Everything
is
paper-based,
everything's
very
isolated.
Wouldn't
it
be
so
much
better
if
we
could
digitize
that
you
know
Carbon
markets
and
the
refi
space,
it's
very
you
know.
Sometimes
it's
rather
obscure.
It's
not
very
transparent.
Blockchains
can
provide
transparency.
You
know
this
idea
of
a
public
Ledger
public
accountability.
We
can
use
blockchain
to
make
these
things
more
transparent.
We
can
make
use
blockchain
to
make
these
things
more
verifiable.
A
A
Instead
of
siled
marketplaces,
where
you
can't
move
credits
from
point
A
to
point
B,
we
have
blockchains
that
are
able
to
connect
to
each
other
seamlessly
interoperate.
It
was
actually
one
of
the
big
accomplishments,
I
would
say
from
the
event
a
number
of
us.
Actually,
a
number
of
us
here
were
at
last
week
as
well.
A
We
had
six
different
blockchain
protocols
all
come
in
all,
come
together
and
commit
to
building
a
cross-chain
solution,
so
we
could
all
more
seamlessly
transfer
carbon
credits
among
six
I
think
very
exciting
different
blockchain
protocols,
so
those
are
like
the
hard
benefits,
the
technical
benefits
or
what
I'm
going
to
refer
to
as
like
the
first
order
advantages
of
using
blockchain
technology
for
for
refi
carbon
markets.
Everything
like
that,
that's
the
first
order
and
then
we
need
to
ask
ourselves.
A
The
question
is
this:
enough:
are
these
you
know
10
20,
maybe
even
30,
40
incremental
games
that
we
can
make
with
the
technology
enough
to
get
us
to
where
we
need
to
go.
You
know,
I,
think
everyone
here
today,
everyone
tuning
in
is
interested
in
this,
because
we
all
you
know,
we
feel
that
urgency.
We
know
that
this
is
not
just
something
that
we
can
keep
talking
about
forever,
there's
urgency.
This
is
a
big
issue.
It's
a
generationally,
defining
issue.
You
know
pick
your!
You
know
your
fun
aggressive
appropriately,
urgent
phrasings
as
you
want.
A
So
is
this
enough
and
our
perspective
is
you
know
that
270
billion
dollars-
and
this
is
the
amount
of
value
I,
think
as
of
June?
That's
represented
in
all
carbon
credits,
and
this
sounds
like
a
big
number
like
wow,
you
know
270
billion
dollars
in
a
bank
account
or
you
know,
funding
a
you
know,
funding
a
singular
project
that
feels
like
a
lot
but
on
a
global
scale.
It's
really
quite
small
I
got
this
really
interesting
example
from
visual
capitalists.
A
They
just
have
really
great,
like
visualizations,
on
how
to
think
about
markets
and
monies
and
size.
What
we
have
represented
here
is
a
hundred
billion
dollars,
and
these
are
really
small,
really
random
things.
This
giant,
Chunk
we
have
down
in
one
corner,
was
just
the
budget
for
the
Tokyo
element.
Olympics,
we
have
you
know
the
city
of
Chicago,
which
not
that
big
of
a
city
taking
up
a
big
chunk
of
this
and
that's
all
a
hundred
billion
dollars.
A
A
Carbon
emissions
need
to
shrink
10
times
faster,
but
if
you
go
into
that
article,
carbon
emissions
aren't
shrinking
they're
shrinking
in
64
countries,
but
they're
growing
in
150
countries
and
the
amount
of
the
countries
that
are
increasing
their
carbon
emissions
are
bigger
than
the
amount
of
the
countries
that
are
reducing
their
carbon
emissions.
So
this
seems
like
a
very
strange
title
to
me
that,
yes,
we
are,
some
people
are
reducing,
but
globally
we're
not
reducing.
So
we
need
to
even
do
a
lot
more
than
just
reduce
faster.
A
We
need
to
actually
start
globally,
reducing
and
we're
not
even
there
yet,
and
so.
If
what
we're
doing
today
isn't
working
and
if
those
incremental
technology
gains
are
only
going
to
be
incremental,
we
think
that
we
need
to
think
bigger.
We
think
that
we
need
to
start
imagining
things
in
a
more
radical
way
in
a
more
revolutionary
way,
and
that
is
what
topple
is
really
here
today
to
be
part
of
the
conversation
about,
and
so
how
are
we
thinking
about
going
bigger
being
more
aggressive?
A
Well
for
those
of
you
that
were
part
of
the
workshop
earlier,
one
of
the
questions
is
to
say:
well:
can
we
think
Beyond
just
carbon
credits?
What
else
can
we
start
incentivizing?
What
else
can
we
start
creating
markets
around?
Can
we
think
about
biodiversity?
Can
we
think
about
you?
Know
land
stewardship
in
a
more
inclusive
way.
Can
we
think
about
the
water
cycle?
A
Web
3
excels
as
an
infrastructure
picture
for
us
to
like
get
those
financial
building
blocks
like
those
Lego
blocks,
to
create
new
governance
structures,
new
incentive
structures,
new
ways
to
to
drive
profit
Drive
Capital
into
the
places
where
we
want
it
to
go.
So
that's
one
area
of
thinking,
bigger
another
area
of
thinking,
bigger,
is
well,
let's
think
about
what
the
carbon
price
does
over
time.
A
Right
now,
we're
all
very
focused
on
saying,
like
hey
the
carbon
price
isn't
good
enough
today,
but
the
carbon
price
is
going
to
increase
over
time
and
therefore
we're
going
to
be
able
to
hit
our
commitments
because
carbon
is
going
to
be
more.
You
know,
a
ton
of
carbon
is
going
to
have
a
better
price
in
the
future,
but
if
we
pause
for
a
second
and
if
we
think
about
why
we
don't
like
carbon,
we
don't
dislike
carbon
because,
oh
we
just
we
think
it's
a
bad
thing.
A
We
want
to
go
away,
we
don't
like
carbon,
because
it's
damaging
and
that
damage
accrues
over
time,
so
one
ton
of
carbon
avoided
or
captured
today
is
more
valuable
to
us.
It
does
less
damage
to
our
communities,
it
does
less
damage
to
the
planets
than
one
ton
of
carbon
captured
or
avoided
in
year
99..
So
we've
started
playing
around
with
the
idea,
and
this
is
why
we're
talking
to
all
of
you,
because
we
want
feedback,
we
want
engagement.
A
We
want
thoughts,
we're
starting
to
toy
around
with
this
notion
of
carbon
inflation
and
because
you
can
program
tokens,
you
can
program
money
on
the
blockchain.
You
can
capture
carbon
credit
on
the
blockchain
and
you
can
have
it
actually
grow
or
expand
over
time.
So
it's
not
just
carbon
anymore.
It's
like
a
carbon
damage
unit
and
that
damage
that's
being
done
to
the
environment
is
growing
over
time.
It's
growing
for
every
year,
every
amount
of
time
that
that
carbon
Still,
Remains,
uncaptured
or
unavoided-
and
we
refer
to
this
as
carbon
inflation.
A
We
have
no
idea,
you
know
if,
if
it
makes
sense,
you
know
we
know
we're
blockchain
experts.
We
know
we're
pretty
good
at
the
sustainability
things,
but
we
know
that
there
are
people
in
the
audience.
People
listening
people
out
there
in
the
community
that
are,
you,
know,
experts
that
have
been
one
decade
two
decades.
Three
decades
in
you
know
doing
actual
like
underground
conservation,
work
or
modeling
these
things
as
economists
and
that's
what
we
want
to
invite
better
into
the
web.
Theory
space
we've
got
exciting
ideas.
A
We've
got
ideas
that,
like
we
think,
could
be
totally
totally
awesome,
but
there's
a
lot
of
expertise
and
we
think
the
web
Theory
space
can
should
and
needs
to
benefit
from
that
expertise,
and
that
then
leads
me
to
okay.
I
thought:
I
had
an
Ask
slide,
but
apparently
it's
not
here
so
I
just
will
remember
what
my
I'd
say.
Three
asks
for,
everyone
are.
The
first
ask,
is
you
know,
find
anyone
in
the
blue
t-shirts
today
and
you
know
maybe
give
us
some
feedback.
Give
us
your
thoughts
on
this.
A
You
know
crazy
new
idea
of
carbon
inflation.
That's
ask
number
one:
ask
number
two
is
if
you
are
working
on
something
in
the
refi
space
or
something
with
biodiversity,
or
some
form
of
positive
impact
and
you're
interested
in
tokenizing
that
or
you
know,
being
able
to
monetize
that
what
is
important
for
you?
What
would
the
right
solution
for
that
be?
A
You
know,
because
building
in
silos
building
and
you
know
walked
off,
closets
can
be
fun,
but
ultimately
not
very
valuable
if
you're
not
having
those
conversations.
So
if
you're
tokenizing
something
other
than
carbon,
what's
important
to
you
and
the
final
ask
that
I
have
for
everyone
is
to
acknowledge-
or
hopefully
we
can
all
start
to
internalize
together.
This
feeling
of
urgency
see
this
feeling
that,
yes,
while
the
approaches
we've
taken
over
the
last
20
30
40
years
are
they're
amazing,
they're
Valiant,
they
should
be
commended.
A
They
haven't
been
enough,
thus
far,
it's
time
for
us
to
start
thinking
more
radically.
It's
time
for
us
to
start
thinking
about
this
from
a
more
revolutionary
perspective
and
I
think
that's
what
all
of
us
are-
hopefully
here
today,
hopefully
here
in
the
space
to
to
start
doing
start
thinking
about.
So
that's
my
final
ask
to
you
and
then
I
will
just
I
guess.