►
Description
Keynote: What We’ve Learned So Far About Blockchain for Business - Dr. Mary C. Lacity, Walton Professor and Director of the Blockchain Center of Excellence
The biggest challenge to companies creating blockchain apps isn’t the technology — it’s successfully collaborating with ecosystem partners. Based on case studies of early adopters, Mary will discuss seven insights for executives to consider as they determine where blockchain-based solutions can add value for their own organizations and how to plan for implementation.
To learn more about Hyperledger, the open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments. Which serves as a neutral home for various distributed ledger frameworks including Hyperledger Fabric, Sawtooth, Indy, as well as tools like Hyperledger Caliper and libraries like Hyperledger Ursa click here: https://www.hyperledger.org/
Session Details & Slides (if available)- https://sched.co/jXes
Access All Sessions: https://events.linuxfoundation.org/hyperledger-global-forum/program/schedule/
----
Hyperledger – Open Source Blockchain Technologies
Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.
It serves as a neutral home for various distributed ledger frameworks including Hyperledger Besu, Fabric, Sawtooth, Indy, as well as tools like Hyperledger Avalon, Cactus and libraries like Hyperledger Aries, Ursa. Learn more about Hyperledger projects: https://www.hyperledger.org/use
Case Studies: https://www.hyperledger.org/learn/case-studies
Training & Certification: https://www.hyperledger.org/learn/training
Tutorials: https://www.hyperledger.org/use/tutorials
Webinars: https://www.hyperledger.org/learn/webinars
Events: https://www.hyperledger.org/events
Vendor Directory: https://www.hyperledger.org/use/vendor-directory
Subscribe to the Hyperledger Newsletter: https://www.hyperledger.org/newsletter
Follow-us on Twitter @Hyperledger
Learn about Hyperledger Membership: https://www.hyperledger.org/about/join
#Hyperledger #HyperledgerGlobalForum2021 #Blockchain
A
A
A
A
Okay,
so
our
center
was
actually
officially
launched
by
the
governor
of
arkansas
asa
hutchinson
in
the
summer
of
2018,
and
I
love
to
put
this
picture
up
because
it
keeps
me
very
focused
and
grounded
on
our
mission.
So
we
have
the
governor
here
at
the
podium
and
he's
kind
of
gesticulating
to
me
because
he's
provided
our
seed
money
and
he
wants
us
to
be
good
stewards
of
our
taxpayer
dollars
and
our
mission
is
really
to
be
an
academic
leader
on
both
education
and
research.
On
what
I
like
to
call
blockchain
enabled
digital
ecosystems.
A
I
liked
kareem's
talking
points
earlier
in
that
he
just
went
that
we
really
don't
want
to
focus
on
the
technology.
We
want
to
focus
on
what
it
enables
and
for
us
it
enables
these
digital
ecosystems
now
to
meet
our
mission.
I
just
have
to
brag
about
some
of
our
students,
so
we've
got
full
blockchain
curriculum
here
at
the
university
of
arkansas
undergraduate
and
graduate
our
students
can
earn
minors,
they
can
earn
certificates,
they
can
earn
concentrations.
A
We
are
technology
agnostic,
so
our
students
learn
about
public
and
private
blockchains.
Brian
will
be
happy
to
know
that
we
have
one
course
that
focuses
on
hyper
ledger
fabrics,
so
all
of
our
students
in
our
programs
learn
how
to
do
that.
This
is
actually
a
snapshot
of
my
class
last
thursday,
so
I
have
two
classes
this
summer
and
in
the
upper
right
on
the
upper
left
hand
corner.
A
Our
other
executive
advisory
board
members,
you
can
see
their
logos
here.
Many
of
them
are
present
at
the
hyper
ledger
global
forum,
so
we
just
heard
from
ibm,
we've
heard
from
accenture
we'll
hear
from
walmart,
and
so
what
we
do
in
our
with
our
executive
advisory
board
members
is:
we
have
these
workshops
where
we
bring
together
global
visionaries
early
adopters.
A
We
do
case
studies.
We
tackle
big
issues
like
shared
governance,
interoperability,
scalability,
the
state
of
standards
and
we're
really
excited
to
have
all
of
these
partners
help
us
with
our
education
and
research
mission,
but
we
also
have
additional
partners.
So
we
engage
with
the
startup
community.
We
engage
with
other
technology
providers
and
we
engage
with
non-profits.
A
We
also
are
very
committed
to
open
source
standards,
so
our
faculty
and
staff
are
involved
in
a
lot
of
different
communities,
I'm
personally
very
passionate
about
trust
over
ip
and
the
good
health
pass.
Yesterday,
brian
had
a
conversation
too,
with
drummond
reed
who's
very
he's
a
leader
in
both
of
these,
and
so
I
learned
a
lot
from
him
as
well.
A
How
did
you
deal
with
shared
governance?
How
did
you
sell
the
solution
to
your
c-suite?
What
kind
of
challenges
did
you
have?
How
did
you
overcome
those
challenges
and
then
hopefully
the
lessons
that
we're
learning
from
these
first
generation
blockchain-enabled
digital
ecosystems
will
be
a
benefit
to
other
enterprises
who
might
be
a
little
later
on
their
adoption
journeys?
A
So
here's
just
some
of
the
case
studies
that
went
into
the
research
project
brian
had
mentioned.
We
are
heavily
focused
on
supply
chains
here
in
northwest
arkansas.
So
we
have
many
supply
chain
examples,
but
we
also
have
case
studies
in
financial
services
credentials
and
news
story
integrity.
So
what
I
thought
I
would
do
here
today
for
this
community
is
I'm
gonna?
A
A
And
when
I
saw
this
question,
I'm
like
I
have
to
have
that
to
share
at
the
hyper
ledger
global
forum-
and
I
had
permission
to
do
that.
So
one
of
the
questions
that
was
asked
was:
do
you
see
investments
in
blockchain,
increasing,
decreasing
or
staying
the
same
over
the
next
12
to
18
months?
And
we
can
see
here
that
76
percent
of
global
2000
enterprises
are
intending
to
increase
their
investments
in
blockchain.
So
now
we're
starting
to
get
a
triangulation
of
lots
of
different
surveys
from
different
places
that
are
all
bullish
on
blockchains
for
enterprises.
A
So
the
little
mini
case
study
that
I
decided
to
share
with
you
is
called
dl
freight,
a
blockchain
enabled
solution
by
walmart,
canada
and
dlt
labs.
Now
kareem.
I
do
have
to
disagree
with
one
statement
you
made.
You
said
invoice
reconciliations
was
a
boring
use
case.
It's
not
boring
it's
very.
It
can
be
very
exciting
because
it
can
add
a
lot
of
business
value,
and
so,
when
I'm
done
this
case
study,
I
want
the
audience
to
think
can.
Can
you
hear
it?
Can
you
hear
the
requiem
the
death
mass
for
reconciliations?
A
Two,
the
solution
was
built
on
hyper
ledger
fabric,
so
I
thought
that
was
appropriate
for
this
community
three.
It
was
one
of
the
fastest
deployments
that
we
had
studied,
as
you
will
see,
and
four
and
most
importantly,
we
have
evidence
that
it
did
provide
business
value
for
all
of
the
ecosystem
solution
partners.
A
I
also
want
to
introduce
you
to
my
fabulous
co-author
he's
the
co-author
on
the
mit
paper,
as
well
as
on
this
case
study.
Professor
remko
van
hook,
he
is
a
professor
of
practice.
He
had
a
whole
career
in
supply
chain
management.
Before
coming
back
to
academia.
He
was
head
of
procurement
at
disney,
so
he
brings
the
supply
chain
management,
expertise
to
our
research
and
hopefully,
by
this
time
I
bring
a
little
blockchain
expertise.
A
All
right,
so
let
me
give
you
an
overview
of
the
context,
so
it's
walmart
canada.
They
have
net
sales
of
over
18
billion
dollars.
They
have
over
400
retail
stores,
11
distribution
centers
they
process
about
500
000
shipments
per
year
and
walmart.
Canada
does
have
its
own
fleet
of
freight
carriers.
I
mean
every
time
you're
on
a
highway,
you'll
see
a
walmart
truck
go
by,
but
they
also
engage
with
up
to
70
freight
carriers.
A
Some
of
their
freight
carriers
are
quite
large
right.
These
can
be
very
large
transportation
companies,
but
some
of
them
are
kind
of
more
like
mom-and-pop
operations
with
just
a
few
trailers.
So
it's
important
for
you
to
just
hear
what
I
said
about
the
characteristics
of
this
ecosystem.
We
have
a
large
and
powerful
retailer.
A
Okay,
so
what
was
the
business
problem
and,
as
kareem
had
talked
about
in
the
prior
keynote?
There's
lots
of
problems
with
invoice
reconciliations
and
at
this
context,
70
percent
of
the
invoices
would
be
in
dispute
at
any
given
time
right
and
that
is
common
across
different
industries,
and
many
of
you
know
how
complicated
an
invoice
can
be.
So
in
the
freight
context,
a
single
invoice
can
have
over
200
data
elements,
but
you
don't
have
to
just
take
my
word
for
it.
A
So
I
decided
to
embed
a
quote
from
one
of
the
people
we
interviewed,
and
his
name
is
sergey
believe
and
at
the
time
he
was
the
chief
information
officer
at
walmart
canada.
He
has
since
become
an
executive
vice
president
at
dlt
labs
the
solution
provider
of
dl
freight,
and
he
said
you
know
for
all
these
invoices
in
dispute.
A
They
had
a
small
army
on
both
sides
trying
to
chase
down
facts
things
that
could
have
occurred
weeks
before
the
payments
were
outstanding,
which
of
course,
is
going
to
be
a
strain
on
the
financial
stability
of
the
carrier.
Community
relationships
were
strained
as
well.
It
revolved
a
back
and
forth
who's
right
and
who's
wrong,
and
this
thing
wasn't
working
for
anybody,
so
this
and
I
loved
kareem's
point
when
he
talks
about
the
complexities
and
of
course
these
are
complex
issues.
A
A
The
other
problem
is
the
when
the
invoices
were
generated,
and
this
is
true
of
many
many
invoice
processing
systems.
They
did
not
get
generated
until
after
final
delivery
right,
so
you
can
imagine,
the
drivers
have
gone
home.
You
know
what
happened
that
day.
It's
very
hard
to
chase
down
facts
after
the
fact.
A
So
after
walmart
canada
adopted
this
solution
in
partnership
with
dlt
labs
and
they
did
a
pilot
with
some
of
their
large
freight
carriers.
The
after
solution
is
now
dl.
Freight
is
a
blockchain
enabled
digital
ecosystem
and
inside
the
blockchain
network
there
is
one
shared
version
of
the
invoice,
but
the
magic
of
it
is
how
they
change
the
business
process.
So
with
dl
freight,
the
invoice
gets
built
along
the
supply
chain
journey.
So
now
the
invoice
gets
initially
populated
when
walmart
canada
does
its
tender
offer,
so
they
can
put
the
driver
instructions.
A
They
can
put
the
known
charges.
Now.
The
freight
carriers
are
connected
to
dlt
freight
to
dl
freight
with
iot
devices
inside
the
trailers,
so
it's
pinging
the
blockchain
ecosystem
with
gps
location.
So
now
you
always
know
where
the
shipment
is
with
temperature
readings,
if
you're
tracking
things
like
produce
or
meat
or
dairy,
and
then
by
the
time
final
delivery
is
made.
The
carrier
just
has
to
add
the
final
accessorial
charges
at
the
end
and
the
the
invoices
are
now
agreed
upon
within
24
hours.
A
A
We
went
from
70
of
those
invoices
being
a
dispute
to
fewer
than
two
percent,
so
that
means
98
follow
what
I
call
the
happy
path,
but
even
now,
when
there
is
a
discrepancy,
it
gets
solved
much
quicker
right
because
there's
an
excursion
from
a
smart
contract,
we
investigate
it,
it
can
get.
It
can
get
done
very
quick,
much
quicker.
A
A
There
is
significant
roi,
I'm
not
allowed
to
say
what
the
number
is,
but
there's
significant
roi
believe
me,
you'd
all
be
impressed,
but
the
freight
carriers
are
thrilled
too
because
they
are
getting
paid.
The
right
amount
on
time,
so
the
payment
terms
are
now
going
into
effect
after
24
hours,
instead
of
days
weeks
or
sometimes
months.
A
When
you
pay
your
partners,
the
right
amount
on
time,
it
leads
to
better
carrier
relationships
and,
of
course,
this
also
presents
so
many
more
opportunities.
So
now
we
have
business
intelligence
where
you
can
track
the
providence
and
freshness
and
transportation
conditions
you
do
more
analytics
like
you
know
what
this
route
doesn't
ever
work.
It's
always
clogged
up.
Let's
find
another
route
going
forward.
A
There
are
also
new
opportunities
for
new
revenue
streams.
So
before
walmart,
canada
never
felt
comfortable,
offering
financing
services
to
their
freight
carriers.
There's
just
too
much
uncertainty.
How
do
you
build
a
mis
risk
model
when
there's
so
much
opaqueness,
but
now,
with
the
transparency
and
the
you
can
do
a
risk
model,
and
so
you
can
offer
financing
services.
A
So
hopefully
you
get
a
sense
of
you
know
these
first
generation
solutions
coming
together
to
deliver
business
value
for
the
ecosystem
partners.
Now
I'm
going
to
just
mention
two
statistics
because
again
invoice
reconciliations
are
a
huge,
huge
problem,
and
so
in
our
paper
here.
So
this
is
the
paper.
If
you
can
go
download,
I'm
going
to
read
you
two
statistics
right
number.
One
up
to
38
of
invoices
are
overpaid,
because
enterprises
think
you
know
what
it's
just
going
to
cost
me
too
much
and
too
much
of
a
pain
to
try
to
figure
this
out.
A
So
you
they
just
decide
to
overpay
it.
Now
in
the
transportation
industry
and
this
number
I
apologize,
it's
u.s
centric
it's
in
the
u.s
every
day
there
is
a
hundred
and
forty
billion
dollars
worth
of
in
voices
in
dispute
every
single
day.
So
hopefully
this
little
case,
study
and
other
case
studies,
you'll
be
exposed
to
at
the
hyperledger
global
forum
can
show
us
a
better
way.
A
So
what
do
I
mean
by
that?
So
the
first
generation
solutions,
the
trading
partners
came
together
because
they're
trying
to
solve
a
shared
pain
point
in
the
ecosystem,
or
maybe
there's
a
new
regulation
that
everybody
in
the
industry
has
to
comply
with,
and
it's
going
to
be
much
more
efficient
to
come
together
and
solve
it
once
as
a
community
than
every
individual
enterprise
trying
to
do
it,
and
we
saw
this
over
and
over
again
in
our
case
study.
A
So
yesterday,
frank
giannis
was
one
of
the
keynote
speakers
he's
now
at
the
fda,
but
when
he
was
at
walmart
he
was
in
charge
of
food
quality
and
safety.
He
was
trying
to
address
the
business.
You
know
the
real
problem
of
tracing
food
from
the
retail
stores
back
to
the
farm.
It
was
taking
too
long,
and
so
they
got
together
because
they're
trying
to
address
this
very
serious
problem
and
blockchains
weren't,
even
in
the
conversation
until
they
brought
their
technology
partner
in
which
was
ibm.
A
A
A
All
right
number
three!
I
love
this
one,
okay,
so
as
an
academic,
I
can't
leave
a
stage
without
mentioning
a
theory
and
all
of
those
of
you
out
there
who
have
an
mba
are
certainly
familiar
with
clayton
christensen's
theory
of
disruptive
innovation
and
over
three
decades
he
continued
to
observe
that
the
incumbents,
the
traditional
enterprises,
many
of
the
companies
who
are
here
at
the
hyperledger
global
forum,
you're
going
to
say
you're,
going
to
disrupt
yourselves
but
you're
not
going
to
what
you're
going
to
do
is
you're
going
to
do
what
he
characterizes
as
sustaining
innovations.
A
That's
improving
your
products
and
services
for
your
clients,
with
your
existing
business
models,
all
right
and
that's
exactly
what
we're
seeing
with
these
first
generation
solutions.
You
can
think
of
them
as
a
gentle
rising
tide,
that's
raising
all
the
ships
in
the
ecosystem.
It's
not
a
tidal
wave
of
disruption.
A
Yet
disruption
is
coming.
Make
no
mistake
and
clayton
christensen's
theory
says
that
that's
going
to
come
from
spin-offs
and
startups,
it's
not
going
to
come
from
incumbent
enterprises
and
the
problem,
and
the
challenge
that
we
have
here
is
disruption,
is
on
a
path
right
now
and
when
it.
Finally.
Finally,
hits
we
can
turn
around
in
the
rear
view,
mirror
and
see
the
clear
path
and
people
say
how
did
they
miss
it?
How
do
you
miss
it?
It's
got
such
a
clear
path.
A
All
right.
Now,
these
first
generation
solutions
there
was
a
lot
of
sweat
equity
that
went
into
these
80
of
the
effort,
was
management,
effort
and
only
20
was
the
blockchain
effort.
So
let's
talk
about
external
management
effort.
First,
that's
when
you
have
the
representatives
from
the
different
enterprises
that
come
together
and
in
your
little
consortium
whatever
and
of
course,
you're
going
to
battle
and
fight,
but
then
you're
going
to
iron
out
what
are
our
data
standards?
What
are
our
business
rules?
A
A
The
best
solutions,
minimize
change
management,
so
I'll
use
the
example
of
dl
freight.
Since
I
just
talked
about
it
so
think
about
this
little
mom-and-pop
freight
carriers
right,
they
don't
have
erp
systems.
So
how
are
you
going
to
connect
them
in
a
low-cost
way?
Well,
dlt
labs
operates
a
web
portal
on
behalf
of
the
smaller
carriers.
So
now
these
carriers
can
access
it
by
uploading
documents
directly
to
the
dl
freight
solution.
They
didn't
have
to
do
a
lot
of
other
stuff
to
to
connect
so
trying
to
make
it
on
onboarding
as
painless
as
possible.
A
Now
the
large
carriers
connect
to
it
through
apis
and
that
takes
about
four
or
five
weeks,
because
you've
got
to
go
through
all
of
your
vetting
when
you're
connecting
to
external
systems,
but
you're,
not
disconnecting
your
systems
of
record
they're,
serving
as
data
feeds
to
these
blockchain
applications
all
right
number,
six,
all
right!
Everyone
in
this
community
knows
this,
but
it's
a
good
talking
point
when
you're
going
back
to
your
c-suites,
that
blockchains
are
not
all
data
for
all.
That
data
must
be
confidential.
A
As
an
example
from
the
dl
freight
case,
a
freight
carrier
can
only
see
its
invoices
that
it
has
with
walmart
canada.
It
has
no
idea
all
of
the
other.
You
know
activities
business
activities
that
walmart
canada
has
with
the
other
freight
carriers
number
seven
in
our
study.
Blockchains
were
choosing
private
permission
solutions
over
public
blockchains,
but
that
may
change
so,
first
of
all,
why
are
we
seeing
so
many
permission,
blockchains
with
our
first
generation?
A
So
one
of
our
executive
advisory
board
member
firms
is
ey,
they're
really
committed
to
public
blockchains
and
in
particular
to
ethereum
they've,
already
developed
multiple
enterprise
systems
on
public
blockchains
or
have
hybrid
models,
so
that
may
change
in
the
in
the
future.
Again,
I'm
not
going
to
make
any
predictions
here.
I
believe
that
the
world
is
emergent,
not
deterministic
and
where
we
end
up
is
going
to
be
the
result
of
all
of
the
conversations
we're
having
today.
All
of
the
lessons
we're
going
to
learn
from
early
adopters.
A
All
of
the
effort
we
put
into
these
open
source
communities
all
right-
number,
eight,
okay,
there's
lots
of
people
that
I
love
to
learn
from,
and
one
of
my
favorite
people
in
this
space
is
john
john
wolpert.
I'm
giving
you
a
shout
out
every
time
he
talks
he'll,
give
me
some
kind
of
sound
bite,
that'll
just
rattle
around
in
my
brain
for
a
couple
days
and
the
last
one.
He
said
that
just
really
resonated
with
me
is:
he
said:
blockchains
are
digital
nudist
colonies,
public
blockchains
are
public
beaches
and
private
blockchains
are
private
beaches.
A
So,
from
his
perspective,
the
only
thing
we
should
be
putting
on
our
blockchains
are
immutable
proofs
that
events
occurred
and
that
we
shouldn't
be
sharing
a
lot
of
data.
So
now
we've
got
different.
You
know,
we've
got
a
lot
of
different
models
out
there
that
are
emerging
for
enterprises,
permission
public!
You
share
data,
you
don't
share
data,
you
just
share
proofs
of
events
and
I
think
we're
going
to
end
up
with
a
very
rich
set
of
solutions,
because
the
world
is
complex,
we're
not
going
to
end
up
with
just
one
all
right
number.
Eight!
A
So,
while
they're
not
sitting
in
the
middle
of
transactions,
they
are
doing
a
lot
of
managed
services
doing
things
like
taking
care
of
custody
of
digital
assets,
doing
things
like
auditing,
smart
contracts
before
they're
deployed
or
managing
the
nodes
in
the
network
or,
most
importantly,
helping
with
software
upgrades.
You
know
if
you
think,
upgrading
software
within
the
boundaries
of
the
firm
is
tough.
A
It's
much
tougher
when
you
are
doing
this
across
firm
boundaries,
so
we
do
see
that
there
are
trusted
third
parties
and
brian
just
earlier
today,
just
put
up
a
lot
of
vendor
communities,
because
there
is
a
demand
and
a
need
for
help
all
right.
Here's
my
last
talking
point
these
first
generation
solutions
are
going
to
have
to
evolve
or
they
will
die.
There
are
concerns
by
enterprises
of
vendor
lock-in.
A
They
don't
want
that
situation
to
happen,
so
the
ones
that
we
have
today,
the
ones
that
will
stick
around
are
going
to
be
the
ones
that
add
product
features.
Remember
we're
starting
with
minimal
viable
ecosystems,
developing
minimal,
viable
products.
Well,
the
products
have
to
evolve
with
additional
features.
A
They
have
to
be
able
to
attract
additional
ecosystem
partners
and,
most
importantly,
going
back
to
what
all
of
the
speakers
have
talked
about
so
far
is
this
need
for
interoperability,
creating
networks
of
networks,
because,
ultimately,
what
enterprises
and
customers
want
is
the
ability
to
share
digital
assets
in
a
seamless
way,
all
right
with
that
brian?
I
am
done
with
my
talking
points.
B
Thank
you.
Thank
you,
mary,
that
was
that
was
just
an
amazing
collection
of
of
different
observations.
The
lessons
learned
really
powerful.
We
had
some
commentary
and
questions
from
from
the
chat.
So
while
we
pull
that
together,
there's
some
things
that
occurred
to
me
as
I
was
listening,
so
one
of
them
is,
I
mean
you
cited
the
80
management
overhead
right
in
the
development
of
these
technologies,
which
it
can
certainly
concur
with
something
we
see
a
lot.
B
A
We
will
yes,
I
think
I
think
you're
already
starting
to
do
that
and
starting
to
build
those
today.
So
right
now,
it's
not
these.
These
are
not
easy,
technical
solutions
right.
So,
let's
even
just
talk
about
public
blockchains,
I'm
going
to
say
even
most
of
my
students
rely
on
exchanges
right
because
it's
not
easy
to
manage
your
own
digital
assets.
You
know
on
your
cell
phone
and
in
fact
all
you
have
to
do
is
lose
your
bitcoin
once
and
you
learn
your
lesson
right.
A
So
once
these
become
easier
to
use
and
easier
to
engage
in
yes,
I
think
that
we're
going
to
see
a
different
balance
of
that
effort.
The
other
thing
is
it's
still
early
days,
just
like
we
had
at
the
beginning
of
the
internet,
enterprises
were
adopting
intranets
and
they
were
afraid-
and
you
know
it
took
a
long
time
before
now.
It's
just
a
no-brainer
right.
You
pop
up
a
website.
It's
you,
don't
have
to
go
through
all
of
that
vetting,
so
it's
still
early
days,
we're
still
all
learning
together.
I
hope
the
balance
will
eventually
change.
A
The
other
thing
is,
as
we
get
governance
models.
So
there's
a
lot
of
technology
standards,
but
one
of
the
reasons
why
I'm
excited
to
participate
in
the
trust
over
ip
and
the
governance
stack
is
developing
governance
frameworks
so
that
we
don't
have
to
have
the
same
same
painful
conversations
over
and
over
and
over
again,
and
you
had
drummond
reed
as
a
guest
on
that
him
and
scott
perry
are
leaders
in
our
governance
stack
and
I
highly
encourage
this
community
to
to
look
at
it.
So,
yes,
it
will
get
easier.
B
In
fact,
I
I
wanted
to
ask
a
little
bit
about
the
the
governance
kind
of
question
too,
because
I
see
an
interesting
dichotomy
out
there.
A
lot
of
folks
in
the
public
blockchain
space
are
very
committed
to
this
idea
of
kind
of
algorithmic
governance
that
most
decisions
can
be
made
by
an
up
or
down
vote.
A
More
automated,
I
see
human
mostly
because
we're
talking
about
enterprises
right
and
even
when
we
use
the
terms
like
deploying
smart
contracts
right
that
is
essentially
instantiating
business
rules
today,
but
a
real
contract
has
all
kinds
of
ambiguity
like
change
of
character
clauses
or
goodwill
effort.
So
I
don't
see
that
we're
going
to
have
on-chain
governance
as
a
preponderance
of
the
governance
model
for
many
of
the
types
of
applications
that
I'm
looking
at
in
enterprise
situations
now,
the
other
ones.
A
If
you're
talking
that
you
could
put
bounds
around
something
right
like
the
eos,
would
be
a
good
example.
If
you
say
this
is
what
our
community
agrees
to.
We
never
want
to
change
it.
Then
you
can
do
on-chain
governance,
so
it's
not
necessarily
an
either
or
it's
really
the
suiting
the
governance
mechanism
to
the
application.
But
you
asked
the
question:
what
do
I
see?
I
study
traditional
enterprises.
It's
human
governance.
B
B
Maybe
I
missed
it
in
the
in
the
top
10
list
of
regulators
and
the
role
that
that
they
play,
and
we
talked
a
fair
bit
about
this
with
some
of
the
other
keynote
speakers.
What
role
do
you
see
them,
potentially
playing
in
standing
up
these
networks
and
being
a
part
of
these
networks?
In
setting
rules
for
these
networks,
I
mean
where,
where
do
they
fit
in
all
this.
A
Okay,
well
again,
I'm
primarily
studying
enterprise
ecosystem,
so,
for
example,
the
medi
ledger,
which
you're
very
familiar
with
right.
So
the
regulator
there
is,
you
know
the
fda
with
the
drug
supply
chain,
security
act,
so
they're
kind
of
at
least
they
have
a
roadmap
of
what
needs
to
be
done
to
comply
with
that
regulation.
A
I
think
the
harder
one
is
when
you
really
talk
about
payments
right.
So
when
you're
talking
about
traditional
payments,
we
just
had
a
guest
speaker.
We
had
and
you're
probably
asking
the
wrong
person
brian
cause,
who
I'd
love
to
just
pull
up
next
to
me
is
we
have
one
of
the
leading
lawyer,
professor
lawyers,
from
our
law
school
here.
Her
name
is
professor
goforce.
She
literally
wrote
a
book
on
crypto
transactions.
A
She
monitors
the
space
she
posts
on
coin
telegraph
and
she
came
and
talked
to
the
students
last
week
saying
there
is
a
lot
of
regulatory
ambiguity
that
different
parts
of
the
government
say
that
these
digital
assets
are
securities,
some
say
their
property,
some
say
they're
commodities
and
keeping
up
with
it
is,
is
quite
a
challenge
with
that.
I'm
very
optimistic.
I
certainly
like
biden's
choice
for
who's
going
to
run
the
sec,
I'm
very
optimistic
about
looking
at
wyoming
as
a
test
case
with
all
of
their
pro
crypto
regulations
and
their
enactment
of
the
speedy
banks.
A
B
Yeah
well,
on
the
on
the
regulations
front
I
mean
there's
also
there's
the
view
of
regulations
as
kind
of
the
the
the
the
barrier
or
the
reins
on
innovation
and
and
progress.
There's
also
a
view
that
maybe
regulation
might
be
a
driver
for
some
of
these
use
cases
or
that
actually
to
meet
those
existing
regulations
that
pre-exist
blockchain
and
don't
even
talk
about
blockchain.
Maybe
there's
a
way
to
use
this
technology
to
better
meet
those.
B
So
there's
a
session
coming
up
at
the
end
of
tomorrow
on
open
idl
that
encourage
you
and
others
to
check
out
it's
a
new
insurance
network
that
actually
the
linux
foundation
is
helping
stand
out.
The
stand
up
specifically
focused
on
meeting
regulatory
reporting
in
the
insurance
industry
so
and
there
actually,
the
regulators
are
asking
for
these
kinds
of
functions:
they're
they're
they've
become
fans
of
the
technology
as
a
form
of
regtech,
so
really
eager
to
get
your
take
on
that
at
some
point
down
the
road.
B
I
we
had
a
question
come
in,
which
was
a
little
bit
about
the
playing
on.
I
know
you
mentioned
a
bit
the
question:
how
do
you
onboard
smaller
companies
onto
these
kinds
of
networks?
You
mentioned
that
they'll
probably
be
in
the
form
of
web-based
onboarding
through
you
know
proxies
through
organizations
that
run
one
of
the
core
nodes.
B
A
Yes,
I
think
you
do
it
one
ecosystem
at
a
time,
so
our
senior
managing
director,
catherine
carlisle,
works
very
closely
with
heifer
international,
and
that
is
a
that's
a
small
non-pro.
I
shouldn't
say
small,
that's
a
non-profit.
They
have
a
lot
of
traceability
for,
like
coca
from
you
know,
from
farm
to
retailer,
trying
to
empower
farmers.
A
B
Right
well,
the
nerd
in
me
says
you
know
the
more
that
we
can
also
make
it
easy.
To
always
add
one
more
node
to
the
network,
always
add
one
more
ability
for
a
new
voice
to
come
in
and
be
able
to
confirm
transactions.
Broadcast
transactions
participate
in
the
in
the
ledger,
participate
in
the
ecosystem,
the
the
the
more
I
think
we
have
a
response
to
concerns
about
hegemony
and
and
antitrust
and
those
sorts
of
things
so
really
fascinating,
set
of
range
of
topics.
Thank
you
so
much
professor
elasti.