►
From YouTube: Finanzas comerciales en un mundo post-COVID
Description
Conoce la utilidad práctica de la implementación de datos estructurados en redes privadas de blockchain para la verificación del origen de los bienes a través de la certificación de las cadenas de suministros y como resultado de la certificación de origen a través del Blockchain se puede comenzar a cuantificar el impacto de las cadenas de suministro de los bienes y servicios para cuantificar del impacto a nivel Ambiental Sociedad y Gobierno (ASG).
Finalmente, la certificación de origen con etiquetado ASG permitirá la oferta de nuevos servicios financieros como serán seguros paramétricos, factoraje y modelos para financiamiento del comercio internacional.
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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
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#Hyperledger #Blockchain
A
Ok,
perfect
david,
ok,
well,
welcome
to
this
one
of
the
last
webinars
that
we
are
going
to
do
as
hyper-laws
in
Latin
America.
At
least
this
year
and
I
want
to
introduce
you
precisely
to
eduardo
rodríguez
eduardo
rodríguez
has
more
than
20
years
of
experience
in
business.
He
has
been
a
vip
of
the
global
energy
markets
in
several
consultancies
and
he
is
also
accompanying
us
on
this
side.
A
The
doctor
has
lost
everything
doctor
miguel,
Ángel
gastón
castro,
and
they
are
going
to
make
a
dynamic
conversation
within
the
webinar
with
a
use
case,
and
eduardo
is
also
going
to
talk
a
little
about
his
experience
of
how
he
is
integrating,
in
this
case,
with
flash
flash
stones
capital
and
the
group
that
he
manages
so
welcome.
We
thank
you
very
much
for
this
time
and
forward
to
the
microphone
of
yours.
B
Thank
you
very
much
guillermo
and
company.
We
want
thank
you
for
your
attention
and
join
us
today.
More
than
a
presentation
we
want
in
a
conversation
Clearly,,
these
are
the
experts,.
They
are
people
who
know
the
issues
as
well
as
or
better
than
us,,
and
the
idea
is
that
we
can
exemplify
topics
that
are
practical,.
So
we
ask
that
if
you
have
questions,,
let
us
know
if
you
want,.
We
can
agree
that
the
questions
be
settled.
B
The
final
final
of
what
the
topic
is
and,
as
we
said,
we
have
a
special
guest
doctor
miguel
miguel
angel
castro,
who
started
in
had
the
pleasure
of
presenting
the
first
course
at
the
business
graduate
school
level
in
the
legal
department
last
year
and
with
which
we
were
also
collaborating
with
the
rector
and
word
ribera,
who
is
the
director
of
the
master's
degree
in
finance
delegated
in
several
events
that
we
have?
There
are
recorded.
B
We
saw
that
these
sectors
were
going
to
have
a
transformation,
as
the
digital
transformation
was
accelerating
and
as
the
technology
market
that
we
have
today
are
providing
the
new
tools
to
be
able
to
close
those
gaps
and
optimize
the
processes,.
So
if
you
had
any
comments-
and
you
would
be
happy
to
continue
the
conversation
with
them-
and
we
have
some
sheets
that
simplify
what
the
specific
case
that
Dr.
Miguel
Castro
is
going
to
show
us
here.
Rather
talk
about
Dr.,
Miguel,
Castro,.
C
Well,,
thank
you
very
much
for
the
invitation
always
being
present
in
all
these
scenarios,
where
all
the
applications
of
block
change
are
explored
is
a
pleasure
for
me
and
also
beneficial
for
everyone.
Hispanic
public
since,,
as
many
of
us
have
seen,.
We
are
aware
that
we
are
in
an
era
of
innovation,
where
services
on
cloud
platforms
open
up
a
new
panorama
for
the
democratization
of
technologies
and
new
opportunities
to
collect
out
this
in
Spanish
speaking,
because
it
is
very
relevant
for
the
entire
Latin
American
region.
C
B
You
very
much
because
if
you
think
what
I
am
going
to
do
is
share
the
illustrations
so
that
we
can
talk
about
it
initially
because,
as
we
told
you,
the
idea
here
is
that
we
can
exemplify
in
this
specific
case
and
then
talk
about
what
the
particular
issues
are.
This
block
chain
technology
opens
up
with
opportunities.
B
In
this
case,
because
everything
that
is
the
finance
train
after
this
impact
of
the
cobi
and
like
the
certificates
of
origin,
that
are
being
digitized
in
favor
of
the
issue
here
in
mexico
and
in
other,
the
different
latin
american
regions
can
allow
us
to
open
new
opportunities
to
the
sector.
We
are
flash
are
capital
markets.
We
are
a
regulated
platform
in
canada,
which
has
well
eventually.
B
B
You
is
that
what
an
lte
certificate
of
origin
is,,
how
it
speeds
up
the
importation
of
lt
imports,
how
it
can
increase
the
liquidity
that
we
absolutely
practice
and
that
could
be
facilitated
with
exports
through
the
graduates
denomination
of
the
label
to
sg
that,
as
it
is
known
today,
was
already
looking
everywhere
with
a
government
society
environment.
And
after
that,
we
will
have
a
slightly
more
comfortable
talk
without
further
ado.
We
participate
now
well
some
kind
of
information
that
we
collected
in
relation
to
what
the
impacts
of
cob
and
supply
chains
are,.
B
B
B
Eventually,
another
of
the
interesting
pictures
that
we
can
recover
here
is
what
are
the
following:
what
is
going
to
happen
after
the
pandemic?
In
this
case?
What
is
going
to
happen
with
the
implementation
of
technology
in
the
topic
of
technology?
We
see
that
it
seeks
to
increase
efficiency,
and
what
we
are
seeing
is
that
these
trends
are
emphasizing,
for
example,.
On
the
issue
of
cost
reduction,,
it
can
be
seen
here
at
the
optimization
level
that
38%
of
companies
are
going
to
be
seeking
to
reduce
their
costs
through
data
optimization,.
C
B
B
B
B
The
efficiency
and
optimization
of
the
processes
that
are
here
today
fly
in
the
past
65%
of
the
increase
in
the
afternoon
of
science
58
for
next
year,
the
next
12
36
months
and
cost
reduction.
Yes,
then
I
was
telling
you
here
it
is
here
they
are.
They
have
informed
you
that
no
I
could
not
see
the
screen.
65
percent
of
those
interviewed
were
already
contemplating
the
automation.
B
In
fact,
52
percent
of
these
companies
were
already
visualizing
that
digitalization
and
automation
the
implementation
of
robots,
for
example,
in
what
are
all
the
warehouses
where
the
collection
of
the
goods
that
arrived
at
the
ports
are
already
thinking
of
solutions
of
robotics,
drones
and
digital
automation,.
Then
clearly,
it
is
already
in
the
mind,.
B
So
here
we
start
from
what
is
the
general
presentation
that
we
were
referring
to
which
the
doctor,
the
gastro,
is
going
to
support
us
in
relation
to
what
are
the
proposals
that
were
made?
But
well
here
we
can
see
initially
what
are
the
data
that
have
to
be
covered
within
what
is
an
import
or
export
certificate,
in
this
case
the
import
to
be
able
to
bring
some
type
of
good
or
service
to
Mexico,
and
as
we
can
see,
there
is
a
series
of
data
which
seem
easy
to
sort
out.
B
However,
when
we
give
tells
you
about
the
great
complexity
that
exists
when
having
multiple
parts
which
are
not
known
where
there
is
zero
trust,
as
it
is
called
in
the
subject
of
blocks,
how
all
these
aspects
can
be
complicated
like
today,
for
example,
three
days
ago
we
were
in
the
port
from
vancouver.
We
saw
a
lot
that
we
passed.
B
We
live
very
close
to
the
beach
and
there
are
several
areas
where
we
can
see
the
trains
that
come
with
the
containers,
arriving
and
leaving
the
port,
and
we
saw
the
large
number
of
issues
there
and
the
large
rows
of
different
containers,
which
were
called
some
Chinese
letters,.
The
majority
that
were
coming
out
clearly
said
canada,
and
we
said
how
is
it
possible
that
there
is
a
supply
problem
when
we
see
that
there
is
a
large
quantity
of
goods
that
are
going
out
and
all
these
goods
that
are
there
and
well?
B
C
This
is
more
than
anything.
It
is
a
very
top
diagram
of
an
analysis
for
the
implementation
of
block
change
for
the
logistics
and
supply
chain.
Part
of
what
has
been
done
is
to
evaluate
different
processes
from
a
brand
point
of
view
to
see
where
value
is
added
blogs,
we
have
not
come
to
say
we
are
going
to
implement
brock
__
],
who,
because
we
believe
that
there
is
a
program
of
trust,
and
we
are
going
to
do
this.
That
shows
that
it
is
more
than
anything.
C
The
result
of
a
macro
analysis
begin
to
define
stakeholders
begin
to
define
processes
of
expressing
define
the
people
around
those
processes
who,
if
they
are
interested,
they
want
to
be
interested,
because
if
why
not
start
identifying
exactly
what
types
of
data
will
have
to
be
exchanged
with
the
different
different
parts
of
the
supply
chain,
permissions
will
have
to
have
each
person
in
the
supply
chain.
And
from
this
you
can
start
to
decide.
C
For
example,
the
type
of
solution
good
browsing,
good,
more
than
lawless
pad
has
distributed
that
could
contribute
to
it
to
a
solution
of
this
type
of
supply
chain.
Why?
Because
someone
was
doing
well
here,
they
are
part
of
different
areas
in
the
supply
chain
and
each
one
has
different
access
permissions.
Although
there
is
a
public
layer,
because
each
one
also
has
to
have
their
private
layer
and
the
contracts
between
each
of
the
parties,
because
they
comply
with
certain
rules
also
in
legal
contracts,.
C
So
this
is
precisely
as
part
of
a
methodology
that
we
have
already
done
from
business
school.
To
evaluate
each
of
the
parties
that
could
be
integrated
into
a
blogging
solution
and
from
This
will
take
the
next
step
to
decide
which
would
be
either
the
development
provider
or
the
platform.
technology
that
works
best
depending
on
the
needs
of
the
business
and
the
opportunities
for
optimization.
With
this
technology,.
C
Well,
here
is
a
flow
of
data,
for
example,,
how
it
is
known,
how
to
express
data
related
to
events,,
not
data
related
to
the
product.
Analyzed,
data
from
business
orders
the
three
layers
that
are
integrating
a
smartphone
track
no
longer,
regardless
of
where
a
smart
will
be
implemented
against
whether
it
was
some
private
version
of
ternium
or
some
version
of
the
hyper
lakers
simply
manage
it
at
a
macro
level,
if
not
go
directly
to
the
code
or
technologies,
and
not
only
to
understand
the
process.
B
C
C
For
example,
when
you
have
many
warehouses,
you
have
different
vehicles,
you
have
different
people,
they
are
integrated
to
be
able
to
deliver
a
product
itself,
the
product
that
requires
traceability
is
made,
either
from
an
apple,.
The
best
is
not
an
integration
of
products,,
for
example,
when
a
batch
arrives
and
has
to
be
disaggregated
into
different
parts
because
they
are
directed
to
different
regions
of
the
country.
C
Not
me
when
you
are
over
in
these
parts
and
they
have
to
repackage,
then
each
one
of
these
bases
goes
through
each
one
of
the
links
of
the
supply
chain
to
be
able
to
integrate.
At
the
end,
the
last
link
that
would
be
the
receiver
of
the
package-
and
this
is
done
more
than
anything
else-
to
reduce
traceability
and
location
times
in
case
there
is
a
situation
related
to
a
product,.
C
For
example,
if
we
have
a
batch
of
perishable
goods,,
because
obviously
we
can
quickly
identify
if
a
kilo
of
oranges
from
which
lot
came
mainly
what
was
the
main
distribution
center
for
the
oranges
and
from
And.
Where
did
this
batch
begin
to
be
distributed?
Possibly,?
It
ended
up
in
two
states,
or
maybe
in
one
of
the
distribution.
Centers.
Two
batches
were
joined
in
the
same
batch,,
so
trace
the
oranges
back,
because
it
would
take
a
lot
of
work.
They
mentioned
to
us
that
this
was
almost
a
team..
C
You
said
there
is
no
to
be
able
to
investigate
exactly
all
this,
and
sometimes
it
had
to
be
determined
precisely
if
you
want
it
cheaper
to
investigate
the
entire
batch
or
destroy
all
the
batches
that
had
a
certain
probability
of
being
related
to
some
bad
boat.
Not
only
here,
the
optimization
would
be
mainly
for
reduce
traceability
times
and
precisely
well.
C
A
C
More
than
anything,
an
important
part.
of
this
project
is
to
evaluate
the
business,
the
needs
of
the
business,
the
vision
of
the
business,
to
see
to
what
extent
they
unlock
isable.
We
have
had
to
see
at
some
point
where
they
say
what
your
problem
is
in.
The
problem
is
that
I
do
not
have
blogs
and
not
both
are
possibly
integrated,
that
there
is
so
much
trust
between
your
parties
that
forcing
you
to
get
on
block
sing,
because
it
can
simply
result
in
denying
these
unintended
negative
results
for
the
company
itself.
C
Precisely
all
the
indicators
have
to
be
found
like
this
when
you
go
to
the
doctor
and
he
does
an
analysis
to
determine
what
medication
should
be
prescribed,
because
when
it
is
something
x,
you
only
have
to
do
a
study
to
see
all
the
The
indicators
not
to
see
exactly
how
much
improvement
could
work,.
He
said,
even
also
determine,
if
maybe
what
you
need
is
a
better
input
database,
or
maybe
just
a
data
warehousing,.
C
But
if
you
are
already
starting
to
take
different
indicators
in
all
this
decision
process
to
use
blogs,
then
we
can
already
talk
about
a
diagram
like
the
ones
shown
here
before
arriving
at
this
diagram.
There
was
a
very
deep
analysis
process
of
each
one
of
the
parts.
Even
different
processes
were
not
analyzed
to
know
here
today.
It
seems
that
we
need
a
blog
without
a
guide,
the
best
of
five
processes
or
five
problems
or
opportunities
the
cream.
C
For
example,.
Here
we
are
not
talking
about
the
case
that
the
best
are
certain.
no
packages
or
shipments
of
oranges
and
precisely
where
they
can
land.
And
here,
at
the
end
of
the
day,
it
is
already
a
diagram
that
is
a
little
more
advanced.
So
to
speak.
But
at
a
macro
level
of
technology
and
the
important
thing
to
rescue
from
this
diagram
is,
for
example,
if
we
have.
The
transaction
of
the
oranges
is
not
that
the
solution
of
law
has
really
distributed
blogs
in
because
it
is
like
the
heart
tion
of
all
transactions
and
traceability,.
C
But
we
know
very
well
that
we
cannot
put
aside
the
efforts
of
the
systems
of
each
of
the
existing
parties
that
have
to
have
an
interface,
in
this
case
represented
by
the
apis,
so
that
each
of
the
the
parts,
because
it
is
integrated
with
the
whole
solution-
interest
skill
based
on
a
distributor
lineman.
Not
here.
We
can
see
precisely
that
through
once,
because
each
one
of
the
parts
or
links
can
access
a
from
a
mobile
portal
view
from
a
web
portal
and
already
each
one
can
manage
their
private
information
within
those
databases,.
C
There
is
no
information
that
has
to
be
public
and
they
have
to
be
precisely
in
all
the
traceability
and
represented
in
the
chain
of
blocks,,
and
that
is
precisely
what
is
going
to
be
represented
in
blogs
and
no,
but
we
cannot
leave
aside.
It
has
no.
It
is
not
going
to
be
an
isolated
solution,
but
it
is
going
to
have
to
interact
with
cms
or
with
herpes
or
any
other,
with
the
system
ma
according
to
the
business
of
any
one
of
the
members
that
is
going
to
be
part.
B
Precisely
point
I
think
it
would
be
a
good
point
to
make
the
repressor
of
off-chain,
where
normally,
when
we're
talking
on-chain
blockchains
and
where
we
can
integrate
data
from
other
chains
are
sources.
Actually
recently
we
were
touching
on
carbon
bombs,
all
the
different
of
seeing
the
data
that
could
be
even
from
other
chains
by
example.
In
this
case,
we
are
talking
about
a
chain
that
is
made
in
harper
leger,
but
maybe,
in
the
case
of
a
payment
that
increases,
we
are
going
to
touch
on
this
topic
in
a
general
way.
B
regulatory
compliance
at
another
level
and
eventually
well.
How
can
we
do
this,
then?
If
you
want,
we
can
close
this
part
mike.
We
go
to
the
next,
clearly
see
the
added
values
and
imple
ent
and
the
'tie
on
many
occas
ons.
As
doctor
castro
says,
we
e
seen
people
who
say
well,
because
what
is
the
problem,
because
I
don't
have
technology
blogs
in
mono?
Maybe
you
don't
need
block
technology,
but
it
is
the
issue
of
tera
of
shame.
However,
what
is
the
added
value?
We
are
not
going
to
make
all
these
processes
more
efficient.
B
We
can
promote
the
use
of
standards
by
example,
this
case
of
certifications
to
sg
the
issue
of
regulatory
compliance
in
other
issues,
the
reduction
of
costs
and
complexity
of
the
solution.
I
think
it
is
important
where,
for
example,.
We
now
see
a
series
of
regulatory
requirements
that
are
taking
place,,
which
is
the
interesting
part
that
we
are
not
covering
directly
on
the
chain,
but
that
is
necessarily
in
compliance
and
that
It
is
tied
to
the
chain,,
for
example,
,
the
European
market
supervisor,,
the
highest
command,
and
practically
building
that
from
the
beginning
of
next
year.
B
2022,
all
the
European
entity
of
a
certain
level
or
companies
that
are
invested
are
investment
funds
that
are
that
have
participation
in
companies
or
in
portfolios.
They
will
have
to
be
in
compliance,.
What
does
it
mean
that
one
could
say
that
I
am
producing
something
in
Argentina
and
I?
Have
nothing
to
do
with
Europe
or
I
am
in
Panama.
B
In
the
Canadian
regulations
and
well,,
there
can
be
no
greater
falsehood
in
relation
to
this
because,
for
example,
in
the
case
of
automobiles
here
in
mexico,
we
are
seeing
it
in
one
of
the
industries
of
added
value.
More
more,
with
greater
impact
at
the
level
of
the
gross
domestic
product.
Is
that
state
where,
well,?
B
Many
of
the
companies
were
talking
about
already
implementing
chains
and
technologies
to
what
is
the
internet
of
things.
But
one
of
the
most
important
issues
that
they
were
identifying
in
this
factor
was
that
already
85
%
of
those
of
the
companies
that
were
in
this
study
identified
the
need
and
the
driver
d
and
be
able
to
have
transparency
in
this
supply
chain
in
regulatory
compliance
for
the
a
sg.
If,
eventually,
this
is
going
to
lead
us
to
what
it
is,
well,
this
goal
to
zero.
That
has
already
been
called
that,
in
fact,
this
weekend
begins.
B
What
is
the
agreement
d
from
paris
practically
in
scotland
in
glasgow,
where
the
commitments
of
governments
and
companies
are
already
being
noted
to
reach
this
goal
that
are
called
chosen?
Then
we
as
a
financial
entity
normally
because
what
we
do
is
quantify
this,
and
we
have
to
think
that
To
reach
this
goal
of
starting
from
scratch
and
the
climate
impact
that
we
are
going
to
have
to
invest
around
90
trillion
so
that
we
want
to
quantify
it
annually,.
B
B
We
have
to
think
that
visually
45
trillion
dollars
that
is,,
what
is
half
not
from
this
value,
is
the
size
of
having
a
pyramid
of
giza,
those
who
know
the
pyramid
of
giza
or
the
pyramid
of
the
sun
that
is
very
close
to
where
the
doctor's
family
lives
and
the
fort
is
the
size
if
we
were
to
put
100
dollar
bills
and
stack
them
up
and
put
them
in
a
pyramid
that
would
be
the
size
of
45
trillion.
What
does
that
mean?
B
B
I
emphasize,
for
example,
a
company
that
is
volkswagen,
is
not
going
to
be
able
to
buy
from
any
company
that
is
out
of
the
norm.
Even
if
this
company
is
the
furthest
anywhere
in
the
world.
As
long
as
this
company
wants
to
sell
oranges
to
the
company
that
raises
the
service
to
the
young
woman
so
that
they
can
eat
in
the
cash
canteen
or
in
the
volkswagen
mexico
canteen,
for
example,
as
I
said,,
you
will
not
be
able
to
sell
an
orange
to
that
dining
room
or
to
the
supplier
that
supplies
this
company.
B
If
you
do
not
have
this
seal,,
so
it
is
a
great
opportunity
to
participate
in
this
business,.
It
is
a
challenge
that
even
eventually
can,
for
example,
here
in
the
case
of
electricity
generation,
it
is
one
of
the
issues
that
can
be
called
mitigation.
We
are
seeing
in
mexico
so
that
a
company,
for
example
in
mexico,
can
sell
it
and
electricity
to
the
games.
Pay
would
have
to
be
to
that
axis.
B
This
is
a
subliminal
message
to
some
people
who
do
n't
understand
it
there
near
the
government,
but
eventually
we
have
to
certify
all
of
our
supply
chains
and
the
only
way
to
do
that
is
through
the
blog
on
this
moment.
If
you
allow
me
to
practice
a
little
bit
about
the
company
who
we
are,
what
we
are
dedicated
to,
we
have
time
guillermo.
B
Our
vision
is
clearly
to
be
able
to
provide
a
more
inclusive
model
where
it
can
be
more
diverse,
resistant,
sustainable
to
create
a
model
that
is
more
equitable
at
a
global
level.
Eventually,
our
focus
really
is
Latin
America,
and
what
we
want
is
that
we
can
share,
as
a
friend
said,
that
we
can
break
the
bread
that
the
Lord
gives
us
so
that
we
can
share
the
fruits
of
the
number,
because
there
really
is
a
world
where
there
is
a
breadth
of
resources
where
we
can
all
work.
B
We
do
not
have
to
be
and
visualize
what
we
are
somehow
snatching,
but
rather
sharing
it's
not
a
different
model
where
the
economy
has
to
be
clearer.
Eventually
what
we
are.
We
are
a
financing
platform.
We
are
a
brokerage
house.
Eventually,
we
are
about
to
receive
our
license.
We
are
an
alternative
market
where
we
are
going
to
be
able
to
have
financial
instruments,
climate
instruments,
different
instruments
that
could
be,
for
example,
exchange
instruments
factoring,
which
is
where
it
comes
in
interesting
part
of
how
we
can
support
this
issue
of
exports
and
imports.
B
As
you
know,
the
issue
of
cryptocurrencies
facilitate
what
is
the
model
of
delivery
against
money
or
money
against
between,
and
then
we
are
visualizing
that
the
model
of
being
able
to
give
liquidity,
These,
companies,,
intermediaries,
exporters
and
importers,,
including
small
entrepreneurs,
business
communities
that
sometimes
have
difficulty
reaching
two
markets.
,
can
be
facilitated
through
technology
such
as
decentralized
technology,,
in
which
we
can
offer
them
systemic
payment,
systems.
custody
issues
and
eventually
create
a
much
more
interesting
and
democratic
model
for
all.
B
B
The
swiss
stock
exchange
has
already
announced
the
nasdaq
that
we
are
capitalizing
on
these
same
technologies
that
we
are
mentioning
to
be
able
to
offer
this
new
model
in
what
s
following
years
in
the
US.
Eventually,
as
you
know,
are
hyper
cyber
security
technologies
that
allow
us
to
create
these
commercial
transaction
models
10
with
zero
confidence
to
see
that
the
counterparty
is
fulfilling
the
contract
and
guarantees
at
the
same
time.
B
What
is
the
future
What?
Is
the
model?
We
see
that
the
future
today
belongs
to
alternative
assets.
When?
We
did
this
analysis
last
year,.
They
had
a
capitalization
of
500
billion
dollars
and
knowing
that
the
institutional,
investors,
pension
banks
and
all
of
these
have
a
portfolio
of
agreement
of
between
20
and
40
percent
of
alternative
assets,
because
we
made
a
calculation
and
said
that
the
assets
that
we
organize
have
a
potential
of
2
trillion
dollars,,
which
is
no
longer
even
a
goal,.
B
It
is
already
well
exceeded
and
we
envision
that
this
bright
future
in
what
we
call
a
global
financing.
Network.
alternative
model,
where
it
shows
us
on
our
platform,
seeks
to
provide
financing
to
all
entrepreneurs
who
seek
to
have
this
type
of
model
and
in
which
we
will
be
able
to
provide
liquidity
at
a
level
of
60
percent
of
what
the
capital
is,,
which
we
thank.
You
very
much
for
your
attention.
A
Perfect
perfect
to
it.
Well,
thank
you
very
much
and
doctor
miguel
Ángel.
Also.
Thank
you
very
much.
I
think
the
questions
section
is
coming
and
let
me
check
if
they
can
tell
those
who
want
to
do
it
through
the
chat.
The
chat
is
open,
but
I
do
have
the
first
question:
let's
see
this
one,
what
is
your
opinion
in
the
end?
I
think
you
said
something
very
important.
A
Block
change
does
not
work
for
everything,
nor
is
it
for
everything,
as
you
visualized
that
block
chains
and
could
know
both
in
the
case
of
use
and
that
of
customs,
that
what
doctor
miguel
angel
showed
us,
as
in
this
case,
as
it
can
be
how
they
defined
that
block
change
was
a
powerful
tool
to
be
able
to
attend
to
this
echo
system
or
these
needs,.
What
was
it
like
that?
A
C
Look
there,.
There
are
already
a
series
of
steps
that
can
help
us
to
accurately
assess
the
age
of
blogging,,
which
is
a
combination
of
different
methodologies,
for
example,
without
being
a
top
model'
canvas,,
and
there
is
a
methodology
that
unites
a
lot
called
the
blog
link
on
canvas,.
Where
we
begin
with
the
analysis
of
the
context
of
the
business,
we
did
not
start
an
analysis
stakeholders.
We
started
an
analysis
of
processes.
C
We
started
an
analysis,
even
obviously
from
the
confidence
of
the
traceability,
of
the
transparency
that
each
one
has
to
have
and
in
the
end
an
evaluation
is
even
reached
of
all
the
cuts
where
we
make
a
map
exactly
where
we
see
that
the
value
it
would
bring
and
the
perception
of
implementing
blogs.
Not
then
this
little
map
It
is
going
to
help
us
exactly
to
see
if
it
could
really
add
value
or
not..
Browsing
is
an
important
point
because,,
although
it
takes
a
long
time,.
C
A
C
Blogs
one
of
the
first
data
is
that
people
understand
what
a
block
is
and
what
it
is
not
because
sometimes
he
says
the
next
report
comes
to
mind.
Bitcoin,
you
see
what
they
say:
bitcoin
mining
a
lot
of
energy
did
not
hurt.
The
planet
does
not
expect
that
he
is
not
talking
about
mining,
not
then
without
having
a
common
language.
C
If
not,
then
many
feel
that
their
streets
are
going
to
be
stepped
on
by
the
radius
of
a
distributed
process
or
then
try
to
even
reach
to
an
agreement
to
evaluate
if
they
simply
button
up
is
a
challenge
from
that,
because
everything
flows,
but
from
the
beginning
it
is
to
try
to
spread
the
word
of
the
singles
blog
and
we
want
to
say
it
not
to
seem
calm,
wait
for
this.
This
technology
is
about,
and
if
we
see
that
it
is
not,
it
adds
value.
Don't
worry,
it's
not
necessary
to
just
joke.
B
Eventually,
I
think
that
too,
we
have
to
understand
what
the
chain
of
processes
is
within
a
chain
of
blocks,,
all
that
the
benefits
are,.
We
see
how
we
talked
about
it
the
other
day
trill
as
the
additional
benefit
in
the
case
of
the
implementation
of
the
weekly
blog,.
Sometimes
you
do
not
initially
see
what
the
benefit
is
immediately,,
but
when
you
quantify
the
impact,,
so
let's
go
into
this
in
this
document.
That
I
shared
with
the
two
savings
are
significant
in
time
and
money.
B
Eventually,
the
investment
made
in
this
first
capital
expenditure
and
technological
and
organizational
changes
are
amortized
in
a
short
period
of
time
and
allow
scaling
and
creating
new
business
models
within
the
same
company.
So
sometimes
I
think
that
one
of
the
messages
that
exists
is
that
people
want
to
know
good.
But
why
am
I
going
to
do
it?
I?
Do
it
differently
and
why
don't
I
continue
doing
it?
B
And
then
sometimes
you
have
to
make
them
understand
that
by
making
the
Anglo-Saxon
analogy,
you
have
to
go
down
the
rabbit
hole
because,
on
the
other
side
is
the
carrot,.
So
if
you
have
the
entrance
today
and
be
able
to
know
that,
on
the
other
side,
there
is
a
much
future
more
sustainable
where
you
are
going
to
have
your
significant
savings,
you
are
going
to
be
able
to
expand.
B
You
are
going
to
be
able
to
be
a
leader
in
your
sector
and
at
the
same
time,
and
ultimately,
you
are
going
to
comply
with
regulations
not
only
for
yourself
as
a
company,
but
also
for
the
companies
that
are
your
clients,
so
that
can
continue
doing
business
through
this
model,
because
it
is
very
important
but
as
a
final
benefit
that
we
envision.
There
are
opportunities
for
the
participants
of
these
companies
that
are
visionaries
and
leaders
to
eventually
self-finance,
because
if
you
have
a
cut
in
capital,
optimization
that
can
make
between
10
and
30
percent.
B
Eventually,
you
finance
yourself.
Instead
of
asking
for
money
from
the
bank,
you
can
manage
to
finance
your
own
company
and
you
can
become
a
company
that
can
finance
others,
so
we
sometimes
have
to
get
rid
of
the
mentality
that
the
benefit
it
is
immediate
and
has
to
be
tangible,
but
to
think
of
the
benefit
as
a
game
of
chess.
B
How
am
I
going
to
win
in
this
game
and
not
in
the
pure
sense
of
saying
winner
and
loser,
but
how
we
all
win,
how
we
can
support
them,
how
we
can
be
much
better
and,
for
example,
Latin
America,
because
it
has
great
potential.
It
has
great
potential.
We
in
fact
we
are
with
already
staying
here
in
mexico,
and
one
of
the
issues
we
see
is
all
the
opportunity
we
have
in
latin
america.
Sometimes
we
feel
like
technology
people
and
that
we
have
traveled
destinations.
A
Perfect
perfect-
and
you
said
something
very
important
at
the
end-
I
think
we
are
all
looking
precisely
how
to
promote
block
change
technology
for
the
benefit
of
many,
because
in
the
end,
it
is
not
to
have
in
some
way
co
connected
all
the
industries,.
All
the
processes
in
an
ecosystem
that,
instead
of
fighting
for
the
market,,
are
all
contributing
to
the
market
towards
asia,
and
obviously
the
benefit
is
going
to
come
very,
very
quickly
and
under
this
tenor.
A
Let
me
see
if
there
is
any
other
question
for
you,
the
hearing,,
if
not,
I'm,
going
to
give
you
the
last
one
to
see
this
under
this
tenor,
as
you
see,
from
the
time
the
regulation
begins
precisely
or
well,
in
some
way,
you
mentioned
the
dates
of
November
that
a
formal
process
is
going
to
start
and
begin
With
zero
emissions
and
in
some
way,
having
a
better
planet
for
the
future,.
What
do
you
think
are
the
most
important
challenges
that
must
be
overcome
in
order
to
implement
this
type
of
technology?.
B
Well,,
you
feel
that
the
biggest
problem
with
technology
in
our
technology
is
us.,
so
I
think
that
on
many
occasions,
in
fact,
talk
to
us
for
a
few
minutes
as
a
good
friend
that
I
am
in
right
now
in
your
in
your
company.
The
change
change
begins
with
us
is
to
understand
that
that
mentality,
as
I
said
a
few
minutes
ago
of
the
winner
and
loser,
does
not
exist,
because
when
you
make
someone
lose
you
lose
yourself,
because
we
have
to
think
that
we
all
win.
B
We
are
a
team,
we
are
a
team,
it
is
not
mexico
against
colombia,
the
one
from
Argentina
against
Brazil.
We
are
Latin
Americans.
We
are
brothers,
we
have
a
mission,
we
have
a
vision,
we
can
be
leaders
so
on
many
occasions.
I
think
that
here
the
issue
is
organizational.
Many
of
the
issues
that
have
to
do
with
administration
all
the
issues
that
have
to
do
with
technology,
one
bad
company
with
bad
practices
and
bad,
more
leaders
or
more
leadership.
B
No
technology
saves
it.
We
first
have
to
change
internally
many
issues
that
are
not,
and
one
thing
that
really
allows
us
sometimes
to
reveal
this
problem.
These
problems
that
already
existed
have
been
these
crises
In
other
words,.
The
issue
we
saw
today
about
the
water
supply
chain
is
not
a
supply.
Issue.
chain
is
an
issue
of
corporate
governance
regulations.
It
is
an
issue
that
exists
in
relation
to
general
practices
that
have
nothing
to
do
with
technology.
B
So
I
think
that
sometimes
we
are
not
looking
for
the
silver
bullet,
but
the
silver
bullet
does
not
exist
in
the
silver
bullet.
Is
us
then
I,
don't
know
if
you
agree
mike
and
I
think
that
would
be
my
comment
and
nothing
else.
To
close
this
comment,
I
would
say
that,
as
doctor
castro
liter
said,
you
also
have
to
see
evangelize.
We
have
to
evangelize
by
example.
You
have
to
be.
You
have
to
be
reliable
proof
that
things
can
be
done
instead
of
trying
to
search.
B
A
A
C
A
C
In
there
are
sensitive
data
that
do
not
have
to
be
part
of
a
transaction
to
take
care
of
the
secrets
of
some
peer
in
some
way,
not
to
maintain
the
industrial
secret,
but
there
are
transactions
that
do
require
at
least
minimal
data,
for
example,
even
supported,
not
legal,
you
you
need
to
know
who
is
the
signatory?
Who
is
the
buyer?
Who
is
the
seller
not
within
a
contract?
Precisely
you
have
to
identify.
What
is
the
reason
for
the
transaction?
C
Not
what
is
the
price
that
second
contract
is
then
in
a
document
within
the
public
but
private
sector
that
is,
between
the
two
parties?
The
contract
information
endorsed
by
the
two
legal
parties
of
each
of
the
companies
is
known,,
then,
as
being
in
the
contract,
can
be
in
the
public
part
of
blogs
and
not
but
private,
within
a
high
environment,
but
already
in
a
contract
they
express
to
us
precisely
the
secrets
of
the
patents
they
are
not
expressed.
Perhaps
what
is
this?
C
What
are
the
processes
keys
that
differentiate
you
from
the
others
in
the
contract
are
expressed,
how
each
of
the
parties
is
going
to
comply
and
precisely
what
the
party
has
to
do,
and
consequently,
what
happens
in
the
part
of
that
type
of
information
if
it
can
be
within
blogs
and
everything
else?
That
is
not
part
of
precisely
what
we
can
consider
a
legal
contract
right
now,
because
it
is
not
necessary
to
put
it
there.
B
So
this
one
had
a
public
month
and
I
am
going
to
put
that
data,
as
miguel
said
in
the
ethereum
part,
we
are
going
to
create
a
contract
to
work
on
this.
The
member
of
this
deserved
to
say
and
well,
we
are
not
going
to
know
what
my
castro
is.
One
more.
You
are
going
to
know
that
he
is
a
member
of
the
hyper
law
club
and
is
doing
business
with
the
rope
club
and
eventually
that
is
also
due
to
regulatory
compliance.
You
know
that
in
europe
there
is
an
erp.
B
A
Perfect
perfect.
Well
then,
we
are
one
minute
away
and
I
want
to
close
this
webinar
first
or
thanking
Dr.
Miguel
Ángel
for
the
halo,,
a
pleasure
to
have
him
here
as
well,
and
really,
I.
Thank
you
for
the
time
to
share
knowledge,
support
us
in
this
type
of
webinar,,
which
is
precisely
for
that,
to
evangelize
and
for
people
to
begin
to
understand
how
it
is
used,
block
change
in
the
different
modalities
and
use
cases
that
can
be
tangible
for
the
audience.
A
B
Very
much
to
guillermo
camilo
and
company
for
assisting
us
here
on
this
channel.
I,
for
my
part,
am
very
interested
in
knowing
and
seeing
how
we
can
add
as
far
as
possible
doctor
castro.
Well,
obviously,
as
part
of
the
team
will
be
able
to
get
your
comment,
but
I
would
say
that
they
are
happy
to
talk
with
you
if
you
have
any
projects
that
they
have
explored
with
pleasure,
we
practice
with
you.
Thank
you.