►
From YouTube: A Hyperledger Fabric-based Programmable Money Platform - Robert van Donge & Dirk Hermans
Description
A Hyperledger Fabric-based Programmable Money Platform - Robert van Donge, IntellectEU & Dirk Hermans, KBC Group
Dirk Hermans and Robert van Donge will present the outcomes of the close collaboration between KBC Group and IntellectEU within the context of KBC’s Programmable Money Platform. A platform built using Hyperledger Fabric and supported by IntellectEU’s Catalyst Blockchain Platform, that provides the foundational layer for tokens issuance, transfer, payment and redemption for numerous use cases that benefit greatly from Distributed Ledger Technology. They will be showcasing the high level architecture of this platform and discuss how use cases are - and will be - leveraging the platform. Some of these are reward tokens (KBC Kate Coin), flexible HR tokens (http://www.fleques.be), smart city & energy (http://tres.city), disrupting micro payments and other programmable money payments. The goal of this platform, which is supported by Catalyst Blockchain Platform, is to enable a wide variety of use cases. Expect to learn more about this project in production and how Hyperledger Fabric is transforming the Financial Services Industry!
Sessions Details & Slides (if available): https://sched.co/14H56
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
Discord: https://discord.gg/rVCn4j7UFd
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
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Learn about Hyperledger Membership: https://www.hyperledger.org/about/join
#Hyperledger #Blockchain
License
Creative Commons Attribution license (reuse allowed)
B
Yeah,
so
today
we
want
to
talk
about
programmable
money.
I
heard
some
earlier
sessions
talking
about
cbdc
and
and
to
use
for
CBC
and
programmability.
Well,
we've
built
something
that
is
live
so
welcome
to
here
the
the
explanation
of
a
project
that
has
evolved
and
so
a
little
bit
about.
Okay,
you
see
who
are
we
we're
mainly
in
Central
Europe,
also
based
in
Ireland?
We
sold
that
so
that's
winding
down,
but
nevertheless
we
service
12
million
customers.
B
We
have
40
000
employees
and
we
have
more
than
we
have
1200
Bank
branches,
so
that's
also
mainly
a
retail
bank,
so
without
Investment
Banking
poking
retail
and
insurance,
that's
KBC!
What
do
we
do?
Oh,
we
have
the
best
banking
app
in
the
world
that
has
been
shown
by
an
independent
or
investigation
by
CM
partners
and
what
is
helping
of
being
the
best
banking
app
in
the
world.
We
have
gate
our
digital
assistant.
B
She
helps
you
to
save
time
and
money.
We
have
already
over
1
million
customers,
so
she's,
actually
a
digital
assistant
which
can
help
you
and
which
can
guide
you
through
everything
that
you
need
proactively
also,
and
today
we
also
extended
that
with
decade
coin
and
that's
the
problem
of
money,
that's
what
we
will
be
talking
about
today.
A
Thank
you
and
short
introduction
about
intellectu.
We
are
a
digital
finance
and
emerging
technology
company.
We
were
founded
in
2007,
we
are
globally
active,
we
have
over
300
employees
globally
and
we
have
offices
in
Belgium,
Poland,
Ukraine
Portugal
and
the
United
States
and,
as
I
said,
we
started
in
2007
as
a
more
traditional
finance
company.
We
were
mainly
focused
on
integrating
back
office
systems
with
different
payment,
drills
for
financial
institutions,
market
infrastructures
and
regulated
companies
globally,
and
then
in
2007
we
became
a
founding
member.
A
Oh
sorry,
we
became
a
partner
of
Swift
and
then
fast
forward.
A
couple
of
years
in
2014
we
started
delving
more
into
distributed:
Ledger
Technologies.
We
were
working
with
ripple
and
ethereum,
but
we
realized
soon
that
our
customer
base,
being
its
large
financial
institutions,
really
were
not
very
interested
in
public
blockchain
at
that
point
in
time,
so
we
shifted
our
Focus
to
private
Provisions
technology.
A
In
2016
we
became
a
founding
member
of
the
hyperledger
initiative
under
the
Linux
foundation
and
then
in
2017
we
started
working
with
Cora
from
our
treaty.
We
started
working
with
digital
asset
mulling,
language,
from
Dam
from
da
and
throughout
the
years
we
Sorry
throughout
the
years.
We
we
continued
at
work.
We
launched
a
project,
a
product
got
those
watching
platform
which
supports
hyper
electrical
Fabric
and
supports
Corda,
and
then
in
2019-2020
we
realized
our
Target
markets.
B
Okay,
thank
you.
So
actually
we
were
founding
corner
of
Swift,
but
all
the
rest
that
you
saw
on
Technologies
like
we
do
not
have
at
that
fast
experience.
So
that's
why
we
worked
together
with
it
like
to
help
us
to
make
this
a
reality
here.
A
Bank,
sometimes
you
more
can
proceed
also
as
a
technology
company,
but
many
or
a
bank,
and
what's
the
main
business
of
the
bank
payments
are
we
all
know
papers
who
who
thinks
that
payments?
B
If
you
want
to
do
well
a
domestic
payment,
if
you
want
to
pay
within
your
your
company,
your
company
or
your
your
country,
who
thinks
that
it's
difficult
to
do
with
payments,
oh
domestically
see
some
hands:
okay,
strange
There,
Goes,
My
narrative,
because
I
wanted
to
say
like
today:
payments
is
for
us,
maybe
they're,
not
using
the
KBC
I,
think
that
you
can
switch
to
the
KFC
banking
app.
What's
the
we
as
a
user
doing
payments
is
not
that
difficult!
B
B
Domestically
domestic,
not
International,
because
Paul
is
something
else
domestically,
it
works
and
we're
so
used
to
it
that
it
works.
But
what
we
do
not
see
is
everything
that
lies
behind,
and
that's
that
you
have
different
institutions.
You
have
different
companies,
payments
are
going
from
one
to
the
other.
You
have
to
do
reconciliation.
You
have
the
risk
of
the
payment
of
the
risk
of
corrective
actions
that
you
have
to
do.
Also
you
have
to
limit
the
offers
anything
that
you
want
to
do
with
the
customer.
B
You
have
to
do
that
first
and
then
afterwards,
you
do
the
things
we
always
talk
about
the
international
history,
about
the
transaction
as
two
layers,
the
business
transaction
leg
and
the
payment
lag.
You
see
a
lot
of
things
on
blockchain
that
are
with
business
transaction
lag,
and
we
hear
often
if
we
could
have
money
on
the
Chain.
B
Sometimes
you
have
money
that
is
restricted
to
certain
items.
If
you
get
a
coupon
or
if
you
get
a
grant
from
the
government
or
if
you
get
a
car
loan,
you
need
to
buy
a
car.
There
are
a
lot
of
checks
that
have
to
be
done
at
the
end.
Yeah
also,
you
have
to
be
limited
in
courses
Etc,
so
you'll
have
Administration.
Can
we
solve
that?
And
this
is
actually
the
business
problem
and
then
that's
a
difficult
part
of
blockchain?
B
It's
technology
solution?
Why
can
technology
be
a
solution?
If
you
look
at
the
traditional
payments,
they
always
have
these
two
legs.
You
have
to
go
out,
you
have
to
go
to
sleep
Network
or
the
payment
rails
or
whatever.
Then
you
have
psd2
and
you
have
to
do
two-factor
authentication
all
these
Financial
rules.
They're
coming
together.
We
come
on
your
head.
You
Outsource
that
to
the
service
providers,
say:
okay,
I
will
connect,
you
pay
a
transaction
fee
and
you
can
do
your
payments
get
payments.
B
What
if
we
can
bring
the
coin,
also
on
closer
to
the
business
transaction,
if
you
can
do
and
that's
what
they
call
in
the
financial
terms,
delivery
versus
payment,
if
you
can
bring
those
two
closer
together,
you
have
more
certainty
about
the
handling
of
your
business
transaction,
including
the
payment
skipping.
The
work
afterwards
of
reconciliations,
rectifications,
Etc
extra.
If
you
use
blockchain
Smart
contracts,
you
can
program
around
it
yeah.
So
that's
why
we
think
that
payments
can
be
enhanced
with
program
on
money.
B
Let's
take
some
use
cases
to
see
where
we
use
it,
the
first
one
those
who
are
from
Belgium
they
know
wexter,
maybe
also
others
who
are
from
Europe
a
large
Festival.
We
had
a
special
KBC
square
with
8
000
employees,
where
we
use
the
gate
coin,
our
own
coin,
to
do
transactions,
so
you
can
buy
food
with
your
Kate
coin
and
you
see
here
the
transaction
log
and
we're
a
fan
of
Stromae
I.
Don't
think
maybe
others
are
fan
of
Stromae,
but
we
were.
You
can
definitely
see
that
so
you
can
go.
B
You
see
the
transactions
during
the
concert
they
lowered.
We
did
at
a
certain
point.
We
had
a
peak
of
180
transactions
per
second,
which
is
quite
nice.
We
did
some
40
000
transactions
now,
so
that
was
the
first
production
setup
that
we
test
where
we
tested
at
the
coin,
closed
environment,
KBC
employees.
B
Now
it
came
in
the
Press
and
the
reaction
was:
why
do
you
use
blockchain?
Why
can't
you
use
a
database?
You
can
do
this
with
the
database.
Yes,
but
extensions
that
we're
working
on
is.
You
can
steer
behavior
and
your
behavior,
not
only
for
the
user
but
also,
for
instance,
for
the
supplier,
somebody
who
has
a
food
stamp,
and
he
sees
that
I
have
an
inventory
pile
of
this
much
and
the
the
festival
will
be
over
at
the
end
of
the
day.
B
I
will
give
a
discount
if
you
can
push
towards
the
users,
some
some
coins
that
they
get
a
discount.
You
can
have
the
coin
funded
by
the
supplier.
You
push
that
to
the
user,
the
user
base.
You
know
you
don't
have
any
settlement
afterwards,
and
so
that's
how
it
works
with
the
prepaid
coin.
You
can
also
do
splits
of
payments
if
you
have
like
a
food
truck,
but
you
have
to
pay
for
the
food
truck
has
to
be
paid
by
the
organizer.
You
can
split
the
payments
immediately.
B
I
won't
go
into
the
tax
deduction
and
all
that
on
the
v80,
but
these
are
possible
with
smart
contracts
when
for
the
customer,
I
wanted
to
go
to
Stromae,
but
there
was
a
long
line
behind
behind
the
french
fries,
but
the
Falafel
stand
was
empty.
You
can
say:
okay
I
push
coins
to
those
who
want
the
Falafel,
so
we
can
go
close
faster
towards
the
concert
you
can
do
sponsorships.
B
You
say:
okay,
this
is
nice
I
as
a
sponsored
Red,
Bull
I
will
push
one
Euro
coin,
gate
coin
to
every
user
and
you
get
a
discount
if
you
buy
a
Red
Bull.
Let's
it's
a
happy
hour,
but
everything
is
settled.
You
don't
have
to
go
count
in
the
database,
hey
how
many
transactions
were
there
between
9
35
and
10
35.
It's
all
immediately
handled
one
use
case,
Second
Use
case
in
the
energy,
the
energy.
We
have
the
shift
the
energy
transition,
where
we
go
from
centralized
systems
to
decentralized
systems.
B
Your
solar
panels,
they're
part
of
a
decentralized
system.
If
you
go
charge
your
car
with
your
neighbor
or
your
friend,
you
have
a
decentralized
system,
so
you
get
this
system
or
the
energy
is
produced,
decentralized
and
consumed
decentralized.
What
do
you
get
a
lot
of
transactions
and
also
microtransactions?
B
You
get
immediate
confirmation
of
your
transaction
that
you
paid,
and
you
have
at
that
point.
The
transaction
is
settled,
no
invoice,
you
get
an
invoice
for
Melody,
but
no
invoice
at
the
end
of
the
month.
It
also
goes
the
other
way
around
within
the
energy
system,
that
in
term,
if
you
have
an
electrical
vehicle,
your
car
battery
will
delivering
power
to
the
grid
you
get
paid.
If
you
do
that,
with
a
coin,
you
have
these
coins
that
you
spend.
B
B
When
for
the
suppliers,
also,
the
experiment
that
we
did,
you
have
the
mobility
service
provider
delivering
a
service.
You
have
a
chargeable
operator,
delivering
the
energy.
You
have
KBC
settling
the
transactions.
Each
transaction
was
split
into
three,
so
every
party
already
got
their
money
and
that's
a
win
for
the
producer,
because
today
the
producer
sends
an
invoice
to
the
mobility
server
provider
with
three
months
payments,
three
weeks
of
payments
notice
and
he
will
only
get
paid
one
month
later.
So
you
have
to
wait
two
months
for
his
money.
B
B
Okay,
third
use
case
Flex?
What
is
flex
flexor,
flexible
checks
for
customized
text
friendly
salary
in
Belgium?
There
are
several
ways
that
you
can
have
salary,
which
is
tax
friendly,
but
you
can
only
use
it
at
certain
items
and
what
they
want
to
do
is
to
make
this
flexible,
that
an
employer
can
actually
program
for
its
employees.
Checks.
B
So
if
you
go
buy
your
seventh
pair
of
shoes,
the
system
says
no,
you
have
to
buy
a
keyboard
or
something
else,
but
you
can
program
that
into
your
coin.
If
you
don't
do
that,
and
you
give
such
a
bonus,
I
have
to
go
to
shopping.
I,
send
my
invoice
to
HR
department.
They
will
probably
open
an
Excel
a
little
big
company.
You
probably
will
automate
and
you
will
open
an
Excel.
You
add
that
and
they
have
to
follow
up
and
you
get
this
beauty
get
in
Clarity
no
transparency.
B
Also
when
for
the
suppliers,
you
can
already
have
the
split
of
the
payment.
For
instance,
we
are
the
custodian
also
for
the
employer.
That's
empowerment,
Flex
is
a
fintech,
it's
a
small
company,
but
we
are
issuing
the
coin,
so
the
collateral
I'll
come
back
to
that
later.
So
we
are
guaranteeing
the
value
of
the
coin.
That's
one
euro
and
the
employer
can
be
flexible
in
the
way
it
pays.
Customers
base
the
employees,
their
salary.
B
So
second
case
first
case
this
is
our
gate
coin.
This
is
the
magic
that
we're
doing
ourselves.
So
that's
what
I
say:
I
drink
your
own
champagne
we're
trying
to
do
that.
For
instance,
how
can
you
get
Kate
coins?
If
you
take
a
bike
Insurance
you
get
gate
coins,
then
you
can
spend
them
on
a
particular
product.
B
Some
of
the
coins
that
you
earn.
You
can
spend
them
on
different
products,
but
some
of
the
coins
are
programmed
that
if
you
open
a
bank
account,
you
get
coins,
but
you
can
only
use
them
for
a
bank
insurance
for
a
internet
insurance
yeah,
that's
how
we
can
influence
customer
Behavior,
but
of
course
we
also
want
to
get
better
out
of
it.
We
don't.
B
This
is
how
we
use
it
internally
for
for
our
internal
customer
and
internal
products,
so
we're
not
really
working
with
money
here.
One
does
the
money
part
come
in
if
we
include
other
parties
within
the
KBC
ecosystem.
We
we
have
a
lot
of
parties
in
our
in
our
country
that
are
working
with
KBC
and
we
could,
for
instance,
use-
and
here
coming
back
to
to
our
mobile
app
and
gate.
B
We
have
1.8
million
users
and
if
you
have
a
company
that
wants
to
do
a
product
launch,
it
might
become
interesting
because
if
you
say
I
want
to
launch
a
product,
take
any
of
these
large
manufacturers
and
we
can
use
gate
to
give
messages
to
customers
like
hey
Dirk.
You
get
Gillette
coins
because
they
know
from
the
1.8
million
people.
B
The
coin
is
programmed.
You
can
only
use
it
on
that.
So
it's
like
you
know
the
voucher
that
you're
getting
out,
but
if
you
know
how
the
process
is
of
these
vouchers
is
paper-based.
It's
a
lot
of
work,
a
lot
of
reconciliation
Etc.
So
this
is
how
we
connect
our
our
customers
towards
manufacturers.
So
that's
something
that
we
are
elaborating
right
now:
okay,
how
does
it
work
some?
We
call
it
architectures.
B
How
does
it
work
so
we
gate
coin
is
one
Euro
that
Euro
goes
onto
a
KBC
bank
account
it's
a
collateral
account.
So
that's
where
the
money
will
stay.
There's
no
volatility!
You
cannot
gamble
with
the
coin.
It
won't
go
up
in
value.
If
you
want
to
redeem
the
coin,
you
get
one
Euro
back,
KBC
does
that
guarantee?
So
if
you
compare
to
a
cbdc,
the
only
thing
that's
different
is
that
we
are
not
a
central
bank,
but
we
are
a
trustworthy
Bank.
We
guarantee
that
your
euro
is
there
yeah.
B
We
issue
the
coins,
then
we
have
a
blockchain
network
where
we
have
KBC
and
we
have
our
we
ourselves
as
a
reward
validation
of
the
conditions,
and
we
have
our
business
Network.
Where
you
can
use
the
coin,
you
can
earn
coins
and
if
you
want
to
spend
the
coin,
the
coinbase
payment,
you
have
a
verification
of
the
condition.
Yeah
we'll
come
back
to
that
later,
and
the
business
Network,
for
instance,
they
can
fund
the
coin,
and
this
is
how
this
is
a
closed
loop
money
cannot
leave,
can
leave.
B
You
cannot
leave
it,
but
you
have
multiple
parties
on
the
blockchain
yeah.
If
we
look
at
the
the
second
case,
the
case
that
I
talked
about
the
flex,
this
is
actually
a
white
labeled
coin.
This
is
not
a
gate
coin.
This
is
a
coin
that
we
can
program
for
anybody
else,
and
here
the
same
you
have
the
same
Circle
here.
It's
the
employer
that
funds
a
coin
because
he
wants
to
give
it
to
his
employees.
He
funds
the
coin.
B
The
Euros
go
on
to
an
account,
so
there's
no
risk
against
Flex
because
we
hold
the
money
with
the
coins
are
distributed
to
the
employees.
Who
then
can
spend
it
and
you
have
the
conditions
that
are
verified.
Okay,
the
supplier.
The
retailer
will
receive
the
coins
and
can
convert
counts
into
Euro
again,
a
closed
system
yeah.
B
B
B
We
don't
want
not
that
we're
there
yet,
but
we
don't
want
KBC
having
the
blockchain
behind
the
doors
of
KBC
as
a
SAS,
because
then
you
can
use
a
database,
so
we
want
the
nodes
to
be
on
other
places.
We
want
transparency
also
towards
users,
so
we
want
some
information
that
is
distributed
across
the
nodes
technical.
We
wanted
to
be
interoperable
because
we
want
to
work
together
with
other
systems
to
get
the
business
transactions
scalable
in
a
robust.
B
If
you
want
to
go
microtransactions
we're
working
with
different
channels
in
hyperledger,
also
for
the
scalability
on
that
level.
Programmability
I
think
that
speaks
for
itself,
and
this
is
all,
of
course,
an
important
aspect
regulation.
We
have
to
comply
with
gdpr
AML,
but
we
are
close
loop.
So
that's:
okay,
gdpr!
We
don't
store
data
on
the
Chain,
so
we
have
private
data
collections,
privacy
by
Design,
We're,
The,
Trusted
issuer,
so
the
money
is
still
with
us.
There's
always
a
claim
against
us.
B
So
these
are
some
of
the
guiding
principles
that
we
took
there.
One
last
thing
on
decentralization
today:
the
nodes
are
still
in
KBC,
but
we
want
to
distribute
the
nodes.
So
we
want
to
have
a
business
Network
we're
also
a
node
is
running
I,
say
here:
Bank
Network.
Today
it's
KBC.
It's
not
said
that
other
Banks
cannot
join,
but
there
we
will
have
a
rule
book.
We
have
two
types
of
smart
contracts,
the
settlement,
smart
contract
and
a
smart
contract
of
the
business
itself.
B
These
smart
contracts
run
on
every
note,
so
there
already
you
have
the
power
of
decentralization
that
your
transaction
is
distributed.
Vs
KBC.
We
cannot
program
that
the
business
transactions
are
changed.
The
business
entity,
that's
running
in
the
node,
cannot
influence
the
settlement
smart
contract,
so
all
transactions
are
locked
on
that
level.
So
that
means
actually
that
we
have
two
kinds
of
decentralization
one
of
the
settlement.
Secondly,
of
the
business
transaction,
because
it's
the
business
Network
also
that
have
to
grow
and
can
grow.
B
There's
a
question
mark
on
the
device
choice.
Private
key
is
not
on
the
device.
Can
the
user
choose
which
application
to
use
which
app
to
use
to
pay?
Today?
It's
we're
not
there,
yet
that's
also
something
that
has
to
evolve
because
of
Regulation
and
mainly
regulation,
so
we're
looking
at
Mika
we're
seeing
what's
coming
from
there,
but
we're
trying
now
to
already
take
some
steps,
maybe
to
Define
how
it
could
work
to
con
to
have
controlled
risks
Etc.
So
that's
for
this
is
a
summary.
Where
are
we
working
on
today?
B
If
you
look
at
decentralization,
you
have
programmable
money,
as
I
said
in
the
business
transaction.
If
you
use
a
database
one
of
the
two,
it's
not
used
to
use
blockchain.
If
you
use
the
note
that
is
running
at
another
premise:
I
call
it
technical
decentralization,
because
what
you
do
is
you
you
put
your
note
outside
of
the
KBC
organization,
but
the
rule
book
is
still
defined
by
KBC
yeah,
so
we're
still
in
charge
of
the
rule
book.
The
same
goes
for
the
business
network.
B
If
you
have
a
business
Network
that
has
a
note
with
another
party,
it's
okay,
but
you
still
have
one
operator
of
the
rule
book
yeah.
So
you
have.
Your
transactions
are
still
okay,
they're
on
the
blockchain
they're
locked,
they're,
immutable,
they're
proof
of
the
truth,
but
your
involvement
of
your
smart
contract
is
only
done
by
one
part.
If
you
open
that
up-
and
you
have
the
business
decentralization,
we
include
other
Banks
together
with
other
Banks,
we
decide
on
the
smart
contract
on
the
Chain
code
of
the
settlement,
then
we're
here,
then
you
need
a
Consortium.
B
This
is
the
hardest
part
where
we
have
difficulties
to
to
reach
that
level,
but
that's
how
we
look
at
it
today
and
where
we
want
to
try
at
least
to
be
not
to
be
here
also
not
from
the
business
side.
We
do
not
want
to
be
just
another
payment.
Channel
then
go
to
payments
with
the
current
payments
business.
We
want
to
offer
programmable
money.
B
If
we
want
to
offer
programmable
money,
we
are
into
the
business
transaction
because
they're,
together
with
the
settlement
transaction,
then
we
want
you
to
do
this
at
least
and
use
it
yourself,
because
you
have
an
immutable
trace
of
your
transactions.
So
we
also
want
to
kind
of
educate
our
business
partners
in
while
blockchain
can
mean
for
them.
But
at
least
that's
what
I
try.
B
Okay!
So
for
conclusion,
for
my
site,
what
we
have
gate
coin,
we
can
have
programmability.
We
are
the
partner
that
brings
in
the
trust
we
can
steer
customer
behavior
and
that's
because
we
also
want
to
put
it
in
the
market
as
a
B2B
solution
for
the
white
labeled
one,
and
you
can
then
start
thinking
of
new
Services,
because
that's
what
it
can
bring,
but
it's
a
different
mindset.
You
don't
have
to
talk
about
undoing
my
stuff
in
my
database.
Oh
I
have
to
do
a
payment.
You
have
to
integrate
them.
B
You
have
to
go
talk
with
your
Echo
within
your
ecosystem,
with
their
Partners.
So
to
look,
how
is
my
business
running?
What
can
I
do
better
for
my
customers,
including
other
partners,
so
I
can
save
on
the
settlement
side.
So
that's
what
we're
bringing
and
our
message
then,
is
always
what
coin
can
we
program
for
you
and
how
we
do
that
running
and
programming
that
will
Robert
will
explain
how
we
did
that
tested
a
little
bit
at
more
technical
side,
because
that's
not
my
field
of
experience,
but
that's
Robert's
one.
A
Thank
you
didic
and
thanks
for
showcasing
the
result
of
almost
two
years
of
fruitful
collaboration
and
part
of
that
fruitful
collaboration
includes
Catalyst
blockchain
platform.
So
thanks
for
that,
as
I
mentioned
earlier,
Catalyst
blockchain
platform
is
the
brainchild
of
years
of
work
and
expertise
on
using
hyperledger
fabric.
Really
what
we
set
out
when
we
started
building
Catalyst
was
enabling
organizations
to
reduce
the
time
and
the
resources
that
they're
spending
deploying
managing,
maintaining
blockchain
applications
and
networks
and
instead
give
them
back
that
time
to
build
value-adding
applications.
A
So
some
of
the
use
cases
where
Catalyst
blockchain
platform
is
being
used,
of
course,
the
programmable
money
platform.
We
we
talked
about
that
extensively.
We
have
a
know
your
customer
platform
with
a
Consortium
of
banks.
We
have
a
Inventory
management
and
invoicing
platform
in
the
wholesale
Taco
space.
Digital
share
registry
platform,
supply
chain
platform
in
Pharma
Etc.
A
Now
what
are
some
of
the
main
functionalities
and
features
of
catalyst
blockchain
platform?
So
we
have
the
unified
management
and
operations
console,
so
you
can
access
through
the
UI.
You
can
access
all
the
typical
functionalities
that
you
would
using
hyperledger
fabric,
so
you
can
manage
your
network.
You
can
set
up
your
MSP
IDs
or
your
nodes,
your
peers,
your
orders,
Etc
upload
your
chain
code,
Etc,
all
that
stuff.
You
can
do
that
through
the
user
interface.
A
Catalyst
is
fully
Cloud,
agnostic
and
sports
multi-location
deployment.
So
whether
you
want
to
set
up
using
a
cloud
provider
using
bare
metal
infrastructure,
hybrid
setup,
as
long
as
there
is
kubernetes
or
openshift,
you
can
deploy
Catalyst
and
you
can
set
up
your
fabric
Network.
Then
we
have
reliability
and
disaster
recovery.
So
we
have
out
of
the
box
integration
with
managed
databases,
Etc
simplified
migrations
between
versions.
You
name
it.
Of
course.
The
monitoring
and
logging
is
important
both
on
the
technical
and
the
business
side.
A
We
can
perform
that
monitoring
and
again
either
the
out
of
the
box
solution
for
doing
that
or
connecting
to
existing
monitoring
tools.
That
may
already
be
in
place.
Then,
on
the
bottom
left
we
have
the
support
and
SLA.
So
we
provide
expert
support
teams
to
support
the
Catalyst
blockchain
platform
installment
for
customers
looking
to
provide
that
24
7.
In
2023,
and
all
of
this
is
available
either
through
the
intuitive
user
interface
or
through
API
connectivity.
A
A
A
B
B
Well,
yeah:
we
want
to
end
up
there
that
you
can
that
you
can,
for
instance,
Define
yourself
how
the
logic
would
go
and
that
you
can
say
Okay
choose
whatever
is
best
for
me.
Use
the
coins
if
you
can
use
a
coin.
So
that's
the
that's
the
intention
we're
not
there
yet,
but
that
you
can
use
the
g-let
coin
and
then
it
will
take
other
Euros,
but
because
what
you
also
have
and
we're
still
not
there
yet,
because
you
today,
you
have
this
system
of
meal
vouchers,
which
is
already
electronic.
B
But
there
are
traditional
payments,
a
rail,
so
we
will
have
to
see
how
we
can
combine
them
because
you
won't
in
the
end.
You
want
one
unit
of
work,
you
want
all
transactions
being
executed
and
final
or
you
will
have
to
go
work
with
the
reservation
system.
One
of
the
other
option
could
be
we're
not
there
yet,
but
because
I'm
I'm
working
Innovation
so
I
have
these
wild
IDs.
Now
we
have
the
Architects
hours
in
in
the
room
here.
Who
goes
no?
No?
What
he's
thinking
about
and
then
we
also
have
legal
and
compliance.
B
They
also
get
a
headache
of
me.
What
you
could
do
is
you
tokenize
Euros?
If
you
tokenize
traditional
meal
vouchers,
you
tokenize
everything,
and
then
you
have
the
smart
contract
executing
everything
at
once.
You
have
you
have
you're
sure
of
the
finality,
because
that's
actually
what
we
stand
for
as
a
bank.
We
want
to
be
everything
final.
B
So
that's
what
we're
we
have
in
mind,
but
we
still
have
to
to
work
on
that
and
test
that,
because
you
have
these
flags,
you
saw
that
you
can
have
Flex,
you
can
have
gate
coin
gillat,
you
can
have
meal
vouchers
and
you
have
regular
Euros.
So
why
not
combine
them?
But
in
the
end,
if
I
hear
that
cbdc
will
also
want
new
type
will
be
accustomed
to
different
types
of
digital
coins.
You
also
have
either,
and
you
also
have
Bitcoin.
So
why
not?
We
might.
B
We
might
end
up
in
a
situation
that
you're
just
using
anything
that
you
have.
You
can
maybe
pay
with
kilowatt
hours.
If
you
want,
because
the
one
who
is
in
front
of
you,
says:
okay
I'm
short
in
kilowatt
hours
today,
if
you
have
and
the
reason-
and
this
is
funny-
because
I
always
tell
that
we're
going
back
to
the
trade
where
we
used
to
be
yeah
but
the
cow-
it's
not
that
convenient,
but
everything
is
digital.
Now
it's
at
their
fingertips,
it's
not
easy!
It's
just
an
app!
B
B
It's
been,
it's
been
a
while
and
I'm,
not
living
in
the
Bahamas,
so
I
had
some
Bitcoin
and
I
sold
them
via
the
Kraken
account
I
got
an
email,
congratulations
on
the
purchase
of
your
euros.
I
did
not
sell
Bitcoin
I
purchased
Euros,
so
we're
getting
in
this
exchange.
Motors
I
can
pay
you
with
Apple
shares.
It
takes
a
week
to
do
that
today.
If
you
do
that
on
FTX,
you
can
do
it
Split
Second.
B
B
B
B
I
want
to
work
policy
yeah,
it's
policy,
so
it
every
because
we
have
a
an
audit,
a
daily
audit,
that
the
number
of
coins
on
the
blockchain
equal
the
money
on
the
collateral
account.
If
there's
discrepancy,
then
we
have
to
find
out.
So
we
cannot
mean
more
than
their
Euros
on
the
collateral
account
today.
B
I'm
Innovation
manager,
I
got
I,
got
the
feedback
from
legal
I
said
like
it's
a
stable.
No,
no,
it's
not
a
stable
coin,
because
a
Mika
stable
coin
is
not
100
cash.
Oh,
so,
if
you
take
one
percent
bonds,
is
it
a
stable
coin?
So,
just
saying
things
evolve,
we
have
to
see
how
we
go.
How
we,
how
we
act
on
that,
because
you
see
circle-
is
issuing
your
C
in
in
Europe
under
U.S
legislation
and
we're
looking
at
like
okay,
what's
happening,
what
does
it
mean
to
us?
B
That's
not
that
we
want
to
have
issue
with
today.
We
do
not
want
to
issue
stable
coin
on
public
blockchain,
but
you
have
to
see
what's
going
on
and
what
the
customers
are
looking
for
and
how
we
can
service
them.
We
still
have
the
advantage
that
we're
in
a
regulated
environment
and
we
have
to
follow
the
law.
We
are
I-
think
the
maybe
next
to
food
or
health
I.
Don't
know
we're
heavily
regulated,
so
everything
we
do
also
if
we
advise
our
customers,
they
come
to
us
because
we
know
the
legislation
I
asked
like
Flex.
B
If
they
go
to
coinbase
and
they
go
to
Circle,
can
they
do
the
same?
What
they're
doing
today?
No,
they
cannot
because
of
this
this
and
this
okay.
So
we
haven't
a
USB.
Our
unique
selling
point
is
that
we're
regulated
we're
doing
things,
how
they
should
be
done
and
also
when
Mika
is
coming
into
Force.
We
will
be
closely
looking
at
okay.
What
will
be
the
playing
field?
B
B
And
my
I
don't
know
whether
it's
a
dream
or
idealistic
or
realistic
vision
and
that's
how
we
always
envisioned
blockchain
the.
If
you
have
more
Banks,
you
have
a
Consortium,
that's
okay,
but
let
them
do
the
governance
of
the
business
rules.
Leave
out
technology
keep
the
technology
in
the
different
parties,
but
you
need
some
Central
organization
that
does
the
standards
and.
B
Rules,
that's
how
I
see
it
if
there
are
other
Banks
doing
that?
That's
okay,
but
let
them
Define
these
business
rules,
but
today,
for
instance,
in
Belgium
you
have
Bank
contact,
they're,
running
the
payments,
the
payment
gateways,
their
organization,
running
ID,
etc,
etc.
We
have
Isabel
also
for
major
an
institution
launched
by
four
major
Belgium
Banks,
but
they
also
have
systems
and
the
part
is
the
intermediaries
to
date.
B
That's
what
I
like,
for
instance,
by
dtcc
that
really
understand
what
blockchain
can
mean
for
them,
also
as
a
role
of
a
central
party
because
they're
a
central
actor.
If
the
central
actor
succeeds
into
understanding
what
the
power
of
blockchain
is,
then
it
can
have
a
lot
of
added
value,
but
they
need
to
go
through
that
phase,
so
I
and
maybe,
and
that
then
it's
politics,
it's
not
about
it's
a
certain
point.
It's
politics!
B
If
other
Banks
join,
how
can
you
get
that
message
passed
on
and
how
can
you
get
that
governance
that
they're
really
only
looking
at
the
business
rules,
one
what
I
said
in
the
beginning
and
when
you
started
with
with
blockchain
2016
yeah,
also
everybody's
looking
at
Swift,
because
Swift
will
meet
there's
intermediated
and
I
thought
that
the
best
thing
that
Swift
can
do
is
focus
on
standards.
If
there's
one
thing
that
they're
good
at
that
standards
make
blockchain
it's
not
a
purpose
and
say,
but
you
can
enforce
standards
with
blockchain.
B
The
path
to
get
there
I
have
not
I,
don't
have
the
answer,
because
I
heard
several
times
already:
banking
Consortium
leave
it
I
leave
the
banking
out
consortia.
It's
not
easy.
It
is
not
easy
we're
in
several
consorts
here
and
it's
not
easy,
but
at
a
certain
point,
I
think
we'll
have
to
because
the
other
space,
the
the
public
blockchain
space
is
evolving.
If
there
comes
regulation,
all
the
existing
players,
which
are
today,
we
consider
them
as
Cowboys,
but
if
they
comply
to
regulation
they
are
competitors.
B
C
B
B
Possibly
I'm,
looking
at
my
architect
right
now,
I'm,
not
a
business
guy
yeah
yeah
scalability
is
is
definitely
a
challenger
because
we
really,
if
we
want
to
use
this
in
a
retail
environment,
we
we're
talking
about
a
high
amounts.
So
that's
why
the
scalability
business
need
needs
to
be
okay,
yeah,
true
yeah,.
A
B
B
And
that
depends
on
the
business
engine,
so
the
business
engine
defines
what
you
can
do
with
the
tokens
for
the
gate.
Coin
of
KBC:
they're,
not
transferable,
although
we're
looking
into
it,
because
if
you're
talking
about
inheritance
or
then
we
have
to
see
what
we
we
have
to
do
with
that,
but
it's
not
for
peer-to-peer
payments,
so
that
depends
on
the
use
case
also
for
the
I
think
for
the
flex
case.
B
It's
a
non-transferable
because
it's
attached
to
you
as
as
a
person,
that's
your
salary.
I
know
that
that
there
are
things
that
are
transferable
but
enforced
into
the
transaction
depending
on.
If
you,
if
you
leave
the
company
you
can,
you
can
take
the
coins
with
you,
but
also
if
there
is
a
if
you
buy
something
and
you
take
it
back,
you
get
a
refund,
so
you
have
transfers
in
opposite
ways,
but
not
transferring
as
an
as
an
end
user
action
is
not
not
in
there
so
that
that
depends
on
on
the
use
case.