►
Description
A meetup hosted by Hyperledger Barcelona on March 2, 2023 during Mobile World Congress hosted by GFT and BTS with a focus on blockchain innovations in payments and telecommunications.
Agenda
* 6:00-6:15: Introduction GFT + BTS -- Josep Clotet (BTS) & Sara Vallribera and Luciano Wehrli (GFT)
* 6:15-6:30: Overview of the Hyperledger Foundation -- Daniela Barbosa (Hyperledger Executive Director)
* 6:30-6:45: Blockchain in Telecom -- Vipin Rathi (Co-Chair of the Hyperledger Telecom Special Interest Group)
* 6:45-7:00: Distributed Ledger Technology at the GSMA (Vinny Robertson GMSA Technical Sales Director · GSMA)
* 7:00-7:30: Universal Digital Payments Network (UDPN) -- David Creer (Global DLT and Crypto Lead at GFT)
----
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
Follow-us on Twitter @Hyperledger
Learn about Hyperledger Membership: https://www.hyperledger.org/about/join
#Hyperledger #Blockchain
License
Creative Commons Attribution license (reuse allowed)
A
A
A
Yeah,
so
thank
you
again
and
well
here
at
BTS.
We
are
really
happy
to
host
this
event
at
BTS,
while
we
also
students
from
all
over
the
world
that
want
to
be
the
next
digital
leaders
in
order
to
shape
well
the
digital
future
that
is
coming,
and
that
means
also
all
the
related
all
the
features
related
with
blockchain
as
well.
So
I
think
that
is
going
to
be
quite
interesting,
not
just
for
our
students,
but
also
for
all
the
hyper
Ledger
Meetup
community.
A
B
Thank
you
hi
everybody
nice
to
have
you
here.
My
name
is
Salah
Rivera
I'm,
the
manager
of
the
GPT
digital
Innovation
lab,
and
we
recently
signed
actually
a
partnership
with
the
solar
technology.
School
physically
we're
our
goal.
Our
aim
is
to
put
both
worlds
together:
the
the
academic
world
and
the
business
worlds,
and
here
we
are,
we
will
organize
more
meetups
like
this
is
actually
the
first
one
we're
organizing
together.
B
C
Yeah,
of
course,
thank
you
very
much
for
being
here.
It's
a
pleasure,
starting
discover
collaboration
with
BTS
I'm,
the
head
of
the
design
studio
in
gft,
so
we
deliver
Cuban,
Center
Innovations,
and
this
is
also
a
cooperation
space
that
where
we
put
all
this
sense
of
activities
and
discipline
in
action
right,
so
thank
you
for
being
there
and
also
the
people
here
in
person.
Let's
enjoy
the
talks
and
the
speakers.
So
it's
a
pleasure
again.
Thank
you
for
coming.
Thank
you.
D
D
My
name
is
Daniela
barbaza
I'm,
the
executive
director
for
the
hyperledger
foundation
across
the
Linux
Foundation
I
also
serve
as
the
general
manager
for
blockchain
and
identity
projects,
so
the
Linux
Foundation
has
many
projects
across
many
verticals
many
Industries
and
I'm
responsible
for
the
blockchain
and
identity
ones,
which
hyperledger
is
the
largest.
One
of
this
is
my
third
time
in
Barcelona
for
mobile
web
Congress,
and
every
year
in
the
past,
we've
done
meetups
when
we
come
to
mobile
web
Congress
and
I'm
very
excited
that
we're
here
today
to
do
so
as
well.
D
All
right
we'll
get
there
there
you
go.
Okay,
I
could
just
click
great.
So
today's
agenda
is
as
follows:
we're
gonna,
we
just
did
an
introduction.
I'm
gonna,
give
an
overview,
a
very
quick
and
fast
overview
of
what
the
hyperledger
foundation
has
been
doing
over
the
last
seven
years
and
I
think
you'll
get
a
comprehensive
view
of
what
we
were
when
we
started
in
2016
and
what
we're
at
today,
we're
then
going
to
have
vipin
Rafi
do
an
overview
of
the
work.
D
That's
a
telecom
special
interest
group
has
been
working
on
at
hyperledger,
and
this
is
a
Telecom
Group
that
has
been
producing
papers
and
researches
and
bipin
is
going
to
show
us
some
of
that
work
then
I'm
very
pleased
to
welcome
Vinnie
Robertson
from
gmsa
and
they're,
going
to
give
a
presentation
around
the
work
that
they're
doing
with
hyperledger
fabric,
which
I
haven't
seen
in
a
while,
so
I'm
very
excited
about
that
one.
So
thanks,
Vinnie
and
last
but
not
least,
we're
going
to
have
David
career
talk
about
the
universal
digital
payments.
D
Network,
which
is
udpn,
which
I'm
very
excited
about
that
was
just
launched
in
January
and
I,
was
there
for
the
launch
and
very
exciting
to
get
update
as
well.
All
our
hyperledger
community
meetings
are
held
under
our
all
are
welcome
in
the
hyperledger
community.
We
do
have
a
code
of
conduct
so
whether
you're,
online
or
you're
in
person
please
be
respectful
to
one
another.
D
We
like
to
get
questions
we
like
to
get
hard
questions
and
we
like
to
discuss
things,
but
let's
just
be
respectful
one
on
one
another
online
and
in
person
as
well
all
right.
So,
let's
get
started
about
the
hyperledger
foundation.
The
hyperledger
foundation
is
a
non-profit
organization
that
sits
under
the
Linux
foundation,
and
today
we
have
hundreds
of
member
companies
that
support
us,
as
well
as
over
40
000
contributors,
1.27
million
contributions
and
many
many
projects.
D
D
If
you
think
about
what
we've
done
over
the
last
seven
years
and
as
I
said
I'm
going
to
take
you
through
this
very
very
quickly
we're
really
a
global
Community,
we
have
working
groups
and
special
interest
groups
that
are
really
focused
on
things
like
Telecom,
for
example,
Healthcare
supply
chain,
trade,
finance
and
really
a
global
Community.
Here
in
Barcelona,
this
is
the
Barcelona
Meetup.
We
have
over
180
cities
that
have
hyperledger
meetups
local
meetups,
and
perhaps
many
of
them
are
on
the
phone
today
on
the
zoom
meeting
as
well.
D
When
we
look
about
where
Enterprise
blockchain
is
used,
it's
really
cross-industry
I'm
here
today,
you
know
this
week
at
mobile
web
Congress.
So
Telecom
obviously
is
top
of
mind
for
many
of
us
this
week,
but
we
really
see
the
adoption
of
blockchain
across
all
sectors
and
industries
in
supply
chain
and
Healthcare
in
capital
markets
and
finance
education,
much
more
and
more
so
in
climate
action,
which
is
great
to
see
where
the
technology
is
actually
solving
some
of
the
problems
we
have
and
many
others.
D
So
we
are
a
community
of
special
interests,
we're
a
community
of
code
projects.
What
we're
not
is
we're
not
a
blockchain,
so
hyperledger
is
not
a
blockchain,
we
don't
have
a
public
net,
you
can
run.
You
know
blockchain
networks,
of
course,
using
hyperledger,
but
that
is
not
what
the
hyperledger
foundation
does.
What
we
do
as
a
foundation
is,
we
help
support
the
developer
ecosystem
and
the
different
projects
that
we
have
so
we're
really
a
global
team
of
developers
worldwide.
D
These
are
people
that
work
for
companies
or
work
at
universities
or
work
for
the
government
and
what
they
do
is
they
contribute
their
time
and
code
and
contributions
into
the
hyper
Ledger
Community
as
well.
We
are
open
development
Community.
What
that
means
is
it's
open
source
with
open
development
governance
and
it
means
that
anyone
who
wants
to
contribute
can
participate
in
our
community
and
I.
Welcome
everybody
to
do
so,
as
as
the
evening
progresses.
D
That
first
project
that
came
in
today
is
the
most
preferred
solution
for
the
top
100
companies.
This
was
a
report
that
came
out
in
October
of
2022
by
block
data
where
they
went
to
the
top
100
country
companies
worldwide,
and
they
asked
them
if
you're,
using
a
a
distributed,
Ledger
technology.
What
is
it
that
you're,
using
and
hyperledger
fabric,
as
you
see
here,
continues
to
be
the
top
one?
That's
used,
you
see
the
ethereum
number
and
they
do
this
report
year
after
year
and
the
theory
number
is
increasing.
D
There
is
also
hyperledger
Basu,
which
is
our
ethereum
client
that
I'll
talk
about
in
a
bit
in
as
part
of
that.
So
today,
hyperledger
Fabrics,
just
very
quickly
continues
to,
as
I
just
said,
be
one
of
the
most
adopted
permission
networks.
Just
this
year.
It's
had
11
really.
Last
year
it
had
11
releases
they're
working
on
V3.
It
has
a
long-term
support
version
of
two
already
the
second
version
there,
and
this
is
really
important
for
Enterprise
appointments.
Of
course,.
E
D
Once
2017
came
around,
we
brought
in
a
couple
of
interesting
projects
if
you
think
about
what
the
ecosystem
kind
of
the
blockchain
space
in
2017
was
like.
One
was
Borough,
which
was
our
first
evm
ethereum
virtual
machine
project
that
came
into
the
into
the
hyper
Ledger
and
the
other
one
was
hyperledger
quilt,
which
was
a
very
early
project
that
was
dealing
with
interoperability,
Network
to
network
interoperability
and
I'll
talk
about
that
in
a
bit.
D
Those
two
projects
are
now
retired,
we're
not
supporting
them
anymore,
but
there's
new
new
projects
that
have
come
in
and
superseded
them
as
well.
2017
was
also
the
year
then
hyperledger
Indie
came
through,
which
is
a
distributed.
Ledger
for
identity
out
of
hyperledger
Indy,
since
2017
three
new
projects
have
come
out
of
that
code
base,
hyperledger
Aries
Ursa
and
the
non-creds
and
Indie
and
Aries
and
ananon
credits
are
being
used
quite
a
bit
around
projects.
As
you
see
here,
the
government
of
British
Columbia
has
an
energy
in
Minds
digital
trust
project.
D
That's
pretty
interesting
where
private
and
public
sector
is
using
a
blockchain
and
verifiable
credentials
in
a
mining
use
case,
there's
also
many
public
services.
Even
here
in
Europe,
edius
and
others,
ID
Union,
for
example,
are
using
hyperledger
Technologies
to
do
digital
identity
as
part
of
the
government
infrastructure
that
they're
building
out
so
hyperledger
Indy,
and
these
Indie
identity
projects
started
once
again
in
2017
and
have
really
matured
in
the
market
and
how
they're
using.
We
do
believe
that
decentralized
identity
and
self-sovereign
identity
is
quite
important.
D
We
just
launched
at
the
end
of
last
year
a
new
free
course
around
getting
started
with
self-sovereign
identity.
That
I
would
recommend
if
you're
interested
in
kind
of
understanding,
the
general
of
the
digital
identity
space
and
that's
for
free
on
our
website.
27
2018
saw
a
couple
of
other
projects,
hyperledger
caliper
and
Ursa,
which
is
a
cryptographic
library
and
caliper,
for
example,
is
a
tool
that
is
used
for
benchmarking
in
the
case
benchmarking
hyperledger,
and
we
just
released
the
fabric.
D
Community
maintainers
just
released
a
report
that
used
caliper,
so
one
project
is
being
used
by
another
project
to
do
benchmarking
and
it's
an
interesting
report,
if
you're
using
hyperledger
Fabric
and
you
have
questions
around
scalability
and
where
fabric
is
headed.
It's
a
great
report
to
to
read
and
that's
on
our
website
as
well
so
2019
and,
as
you
can
see,
we've
all
been
very
busy.
There's
keeps
lots
of
logos
and
we
keep
the
design
people
very
happy
because
they
are
designing
cute
little
logos.
But
2019
had
you
know
the
market.
D
As
we
all
know
what
happened
in
2019,
there
was
a
need
for
even
more
projects
and
more
approaches
and
2019
is
when
we
brought.
We
understood
that
there
was
a
spectrum
of
blockchains,
that
it
wasn't
just
a
permission:
blockchain
and
a
public
blockchain
right
that
there
was
going
to
be
a
need
for
different
spectrums
of
blockchains.
There
was
not
going
to
be
one
blockchain
fits
at
all
and
that's
been
our
premise.
For,
since
the
start
of
the
hyperledger
foundation
and
in
2019
we
had
a
contribution
by
consensus.
The
company
with
the.
D
So
you
can
actually
run
bezu
as
either
on
the
mainnet
or
you
can
run
it
as
a
permissioned
network,
which
is
how
we're
going
to
see
the
examples
later
on
so
hyperledger
Basu.
You
know
supportive.
Obviously
it
implements
the
Enterprise
ethereum
Alliance
specifications
for
ethereum
and
smart
contracts
in
2019.
Lots
of
labs
came
started
coming
in
and
today
we
have
over
50
Labs
that
really
are
dressing
kind
of
innovation
in
what's
needed
in
the
marketplace.
D
So,
if
you're
interested
in
kind
of
seeing
all
the
new
things
that
are
happening
in
the
community,
the
labs
are
really
a
great
place
to
do
that,
and
it's
also
a
place.
If
you
have
code
that
you
want
to
contribute
into
the
hyperledger
foundation,
you
could
bring
your
code,
we
can
help
get
the
code
into
the
hyperledger
foundation
as
a
lab
and
help
you
build
a
community
around
it
as
well.
So
we're
always
looking
for
interesting
things.
So
we
went
from
being
a
very
permissioned
network
type
of
project.
D
Then
we
started
working
with
ethereum
mainnet
with
Basu
and
we
had
obviously
before
with
burrow
as
well,
and
this
need
this
real
Enterprise
need
of
interoperability
started.
You
know
coming
up
as
well,
so
we
are
working.
You
know
we're
living
in
a
world.
That's
in
networks
of
networks.
There's
many
networks
and
Enterprises
need
to
be
that
them.
D
So
so,
for
example,
you
might
have
a
financial
Market
Network
that
needs
to
interact
with
the
global
trade
Network
and
maybe
they're
using
the
same
DLT,
maybe
they're,
both
using
Fabric
or
maybe
they're,
using
Fabric
in
Corda
or
maybe
they're
using
bezoo
and
Corda,
so
really
is
dependent
on
how
people
are
using
it.
So
the
need
for
interoperability
continues
to
grow,
and
our
community
has
been
working
on
this
for
quite
a
bit
to
really
address.
D
D
So
that
was
one
of
the
projects
in
2020
that
came
to
us
Cactus
and
we
actually
just
renamed
it
cacti
the
the
major
companies
that
are
contributing
to
cacti
or
Accenture
Fujitsu
and
IBM,
and
it's
really
a
plug-in
based
framework
which
once
again
helps
with
the
interoperability
that
this
network
of
networks
world
that
were
part
of
now
in
2021,
was
when
I
started,
that
the
hyper
I
started
in
hyperledger
in
2017.
Actually
right.
D
Let
me
see
right
before
right
before
Borough
came
on
board
as
well
and
in
2021
I
took
over
as
executive
director
and
I.
Also,
we
as
a
community
had
been
working
on
the
fact
that
it
was
not
just
the
hyperledger
project,
because
we
were
no
longer
just
one
project,
so
we
rebranded,
we
wrote,
rewrote
the
charter.
D
We
made
some
substantial
changes
to
how
the
umbrella
project
is
now
handled
and
we
named
ourselves
the
hyperledger
foundation
because,
as
you
can
see
now
we're
in
the
beginning,
we
started
off
with
one
project
and
then
two
project.
We
now
had
many
many
more
and
different
communities
have
different
needs
and
we
help
support
those
needs
around
the
board.
In
2021
we
saw
two
new
projects
and
these
are
showing
the
evolution
of
blockchain
in
the
Enterprise.
The
projects
that
came
on
board
was
hyperledger,
Firefly
and
hyperledger.
D
Bevel
and
bevel
is
really
about
making
it
easy
to
deploy
blockchain,
and
this
is
one
thing
that
we've
heard
from
Enterprises
for
many
years
is
how
can
we
make
it
easier
to
use
these
tools
so
hyperledger
bevel
is
one
of
those
projects
and
Firefly
is
a
interesting
project
that
has
gotten
a
lot
of
traction
and
it
is
an
open
source
super
node.
So
basically
it's
to
build
web3
apps
and
it
already
has
connections
into
all
the
different
chains
that
you
see
here.
D
So
if
you're
interested
in
either
having
you
know
supporting
a
protocol
level
of
fabric
or
bezoo
or
Quorum
or
even
polygon,
you
can
go
ahead
and
do
that
with
firefly
quite
easily,
and
you
know
the
the
reason
is
that
the
approach
is
really
so
that
you
eliminate
a
lot
of
that
custom
coding.
So
you
see
that
without
Firefly,
you're,
re-building
and
redeveloping
things
like
events
and
messaging
and
document
management
and
identity
and
privacy
and
Firefly
does
all
that
for
you
as
middleware
as
part
of
these
the
stack.
So
it
has
a
bunch
of
tools.
D
It
comes
with
an
Explorer
tool,
developer
tool,
devops
tools,
so
it's
a
really
easy
way
once
again
to
onboard
organizations
into
using
blockchain
as
well
and
last
but
not
least,
we
come
into
2022.
Last
year
there
was
two
new
projects
that
we
welcomed
into
our
family
of
projects.
One
was
solang
and
the
other
was
a
non-credits
and
solang
is
a
compiler
for
solidity
and
that's
pretty
interesting.
If
you
think
about
substrate-
and
you
think
about
you-
know
other
systems.
How
do
you
go
about
doing
that?
D
So
that's
a
very
young
Community,
but
very
interested
in
your
interest
in
that
they're.
Looking
for
people
to
help
be
part
of
that
Community
as
well,
and
then
a
non-creds
came
in
this
was
the
last
one
of
2022
and
an
on
creds
is
really
once
again.
I
got
pulled
out
of
India
with
a
lot
of
additional
work,
but
it's
really
providing
support
for
verifiable
credentials
and
it's
one
of
the
most
adopted
out
there
as
well
right
now.
D
D
D
We
have
hundreds
of
different
members
around
the
world
that
support
the
developer
ecosystem,
that
support
the
communities
that
we
build
out
and
we
spent
a
lot
of
time
making
sure
that
they
can
tell
their
stories
about
how
they
are
delivering
things
so
case
studies
and
member
webinars
different
speaking
of
events,
and
we
really
work
with
the
community
and
hyperledger.
My
team
is
nine
people
long
only
nine
people
I
know
it
probably
looks
like
we
are
much
bigger,
but
it's
really
about
our
community
and
the
members
that
are
participating
as
well.
D
We
have
our
hyperledger
global
forum,
we'll
be
having
them
again
in
Queue
at
the
end
of
q1
early
Q2
of
2024,
but
we
just
had
it
in
Dublin
and
I.
Welcome
everyone
we'll
put
the
slides
into
the
Meetup
page,
there's
hundreds
of
different
talks
and
demos
of
people
who
have
built
using
hyperledger
and
then
obviously
the
YouTube
channel
is
a
great
way.
There's
a
lot
of
workshops,
a
lot
of
Hands-On
tutorials
and
even
this
Meetup
will
be
on
the
YouTube
channel
as
well.
So
I
invite
everybody
to
join
us.
D
E
F
Hello,
everyone,
my
name,
is
telecom
special
interest
group
and
we
started
this
special
interest
group
in
2019
in
mwc
and
now
we
are
like
four
years
and
and
we
published
a
lot
of
research
papers.
We
call
this
as
a
solution
brief,
and
we
are
publishing
this
with
the
various
other
Linux
Foundation
umbrella
projects,
for
example,
Linux,
Foundation,
networking
and
Linux
Foundation
Edge.
We
published
three
solution
briefs.
F
One
of
them
is
like
service
level
agreement,
how
you
can
write
service
level
agreements
in
blockchain,
especially
for
telecoms
space,
and
the
other
one
is
second
one
is
very
interesting-
is
decentralized
identity
and
access
management.
How
did
can
be
used
in
Telecom
space
and
the
last
one
is
based
on
inter-carrier
settlements.
F
We
have
a
two
bi-weekly
calls,
which
you
can
join
and
learn
more
about
this,
so
I
before
I
start
I
want
to
like
tell
you
why?
Because
when
we
started
this
group
in
in
at
T
on
app
academic
Summit,
the
first
question
is
why
we
need
blockchain
in
Telecom
right.
Everyone
is
asking
the
same
question
so
so.
F
You
one
scenario
very
simple
like
in
it:
in
this
year,
mwc
we
can
find
everyone
is
like
in
every
Booth.
You
can
find
different
operators
using
different
Technologies,
for
example,
for
Oru
vendor
a
for
ODU
vendor
B
for
ocu,
vendor
C
and
then
5G
code
for
other
vendors.
Now
the
problem
is
how
you
can
how
you
can
trust
these
different
Telecom
players.
F
F
Other
use
case
I
want
to
put
in
is
like,
for
example,
initially
when
we
started
I
remember
we
started
with.
We
started
like
how
we
can
push
different.
For
example,
we
started
with
hyperledger
fabric,
but
the
problem
was
some
operators
are
using
the
ethereum.
Some
operators
are
using
ethereum
public
chain
private
and
it's
really
top
view
to
to
to
make
an
interoperability
layer.
C
F
This
is
what
we
started
in
telecoms
right.
We
started
all
these
things
so
that
we
can
provide
us
on
a
solution
brief
to
these
kind
of
these
kind
of
problem
statements,
where
we
building
reference
architecture
for
different
Telecom
operators.
They
can
use
and
their
the
problem
was
when
we
started
with
hyperledger
fabric,
then
again
the
problem
was
different
operators
using
different,
or
even
there
are
multiple
foundations
working
in
this
domain,
but
different
different,
using
different,
different
blockchains.
F
So
so
then
we
started
with
hyperledger
B2.
That's
very
interesting
project.
In
this
case
you
you
can
have
a
ethereum
private,
private,
ethereum,
private
chain,
ethereum
public
chain
and
then
hyperledger
chain
as
well,
and
then
interoperability
is
really
very
easy.
So
in
did
case
we
use
hyperledger,
Indie
and
Iris.
This
is
again
very
interesting
projects
where
your
Telco
operators
can
be
a
issuer
or
verifier.
That
all
depends,
but
the,
but
you
can
imagine
like
for
authentication
your
your
Telco
is
always
using
OTP
user
get
Authentication.
F
F
Helium
is
a
public
blockchain
kind
of
running
on
running
on,
depending
on
public
blockchains,
and
they
started
one
foundation
called
decentralized
wireless
TV
and
recently
they
pushed
it
to
Solana,
which
is
now.
We
are
also
looking
this
use
case
that
now
we
have
solang
in
ethereum
in
hyperledger
as
well
how
we
can
bring
these
kind
of
interoperability
between
different
kind
of
use
cases
and
bring
under
one
umbrella.
That's
really
really
interesting,
so
so
these
are
early
days.
F
Why
I'm,
saying
early
days,
because
Oran
is
coming
out
like
with
different
vendors,
different
different
Telecom
operators
now
joining
hands,
and
that's
where
we
need
trust
and
before
that
in
four
years,
what
we
did
is
we
we're
trying
to
make
these
reference
architecture,
how
we
can
bring
these
kind
of
infrastructure
for
Telco
operators
to
join
hands,
so
this
is
this
is
what
we
are
doing
from
last
four
years,
and
there
are
many
use
cases.
For
example,
in
5G
super
blueprint.
F
This
is
a
project
under
Linux
Foundation,
where
Linux
Foundation,
networking
Linux
Foundation,
Edge
and
hyperledger,
trying
to
build
a
one
layer,
end-to-end
from
user
UE
to
Oran
to
to
5G
core.
So
it
might
possible
like,
for
example,
if
you
are
using
different
5G
means
different
Telecom
operators
are
using
different
pipe
cheekbones,
for
example,
oeai
or
or
SD
code
or
magma
magma
core.
So
that
is
also
very
different
layers
right
and
how
you
can
integrate
these
kind
of
different
5G
cores
in
the
one
umbrella
and
then
how
you
can
bring
more.
C
F
Us
so
these
are
the
different
use
cases
that
what
we
are
looking
into,
the
in
Telecom
site.
Also,
we
are
partnering
with
different
different
foundations.
For
example
dif.
We
are
looking
that
how
we
can
use
decentralized
identity,
using
errors
with
other
foundations
as
well
with
Sovereign
foundation
and
other
things
for
Telecom
Telecom
space
yeah.
So
this
is
this
is
a
about
what
we
are
doing
in
telecom's
sake
and
different
use
cases
again.
This
is
these
are
like
early
days
for
for
blockchain
and
Telecom.
F
Why
I'm
saying
this
again
and
again,
because
Telecom
is
very,
very
much
into
The
Silo
environment,
but
now
because
of
over
and
a
lot
of
other
things
open
core.
Now
we
have
different
5G
cores
available
in
open
source.
There
are
four
or
five
and
you
can
test
it,
your
your
5G
board
in
your
base.
So
a
lot
of
things
going
on
I
think
it
will
take
another
one
or
two
years
in
next
short
next
mwc.
F
To
next
mwc
you
will
see
a
lot
of
use
cases
of
blockchain
and
and
5G
or
5G
advance
or
maybe
60
and
then
other
use
cases.
We
are
looking
into
the
NTN.
That's
how
you
can
put
a
non-terrestrial
network
kind
of
things,
satellites
and
then
5G,
iot
kind
of
applications
in
Telco,
so
yeah
that
that's
it
from
my
side
and
if
you
have
any
questions,
I'm
happy
to
answer.
H
Okay,
thanks
Phil
great
to
be
here,
quick
introduction
to
myself.
My
name
is
Billy
Robertson
technical
sales
director
for
gsma
I'm,
actually
here
today
on
on
proxy
I,
guess
on
behalf
of
shami
bat
who's.
Something
may
well
have
heard
of
quite
quite
involved
in
beehive
pleasure
foundation
in
terms
of
contributions
he
wanted
to
be
here
today.
Unfortunately,
he's
in
the
states
I've
been
attend.
H
It's
been
very
surprising
for
me
just
how
disjointed
and
unorganized
they
are
in
terms
of
how
they
create
their
contracts,
how
they
work
with
each
other,
how
they
exchange
roaming
agreements
and,
of
course,
really
importantly,
how
they
settle
amongst
each
other
at
the
end
of
a
of
assessment
period.
So
we
certainly
saw
blockchainers
one
of
the
ways
that
we
can
support
and
we've
delivered
something
called
the
E-Business
Network,
which
is
really
designed
to
help
streamline
the
wholesale
roaming
space
for
those
operators.
H
Many
many
partners,
I
I,
say
it
again.
Many
many
partners
using
different
tools,
different
spreadsheets,
different
proprietary
systems
in
order
to
build
these
deals,
and
it's
it's
just
causing
so
many
problems
in
terms
of
them
being
able
to
settle
amongst
each
other
at
the
end
of
their
discount
period.
So
yeah
got
this
non-alignment
of
deals,
not
alignment
of
what
we
call
transfer
account
procedures,
call
data
records
and
it's
slowing
down
the
time
it
takes
them
to
get
paid
right.
The
time
it
takes
them
to
settle
amongst
each
other.
H
So
the
E-Business
network
has
been
a
a
fantastic
tool
for
us.
Let
me
try
and
give
a
bit
more
Concept
in
terms
of
what
I'm
talking
about
to
bring
that
to
life
a
little
so
I
hope
that
this
slide
gives
a
little
bit
of
of
context
in
terms
of
what
I'm
talking
about
so
you'll,
see
here
on
the
right
as
you
on
the
left.
As
you
look
at
it,
the
kind
of
standard,
Legacy
ways
in
which
operators
work
together
and
agree
a
discount
deals.
H
So
here
in
this
example,
you'll
see
we
have
mnoa
and
mnob
and
apologies.
It
looks
a
little
bit
distorted
on
there,
but
that
will
work.
Mno,
A
and
mno
B
working
together
to
come
together
and
agree
a
discount
model,
so
they're
working
together
to
set
the
deals,
the
discounts
and
how
their
agreements
will
work
together.
Now
many
of
those
mnos
most
of
those
mnos
now
will
also
work
with
a
data
Clearinghouse
or
a
financial
Clearinghouse.
H
So
we've
got
all
these
multiple
versions
of
Truth,
which
of
course
importantly
brings
around
this
slowing
down
of
the
settlement
process
because
they
can't
agree
at
the
end.
So
it
goes
back
and
forth.
Standard
is
45
days
or
back
and
forth.
We
see
up
to
two
years
of
disputes
going
back
and
forth
before
they
can
finally
settle.
H
So
importantly,
here
neither
side
run
their
own
separate
calculation
engine,
but
rather
share
it
agreed
charging
model.
Okay,
both
have
separate
instances
both
have
separate
access,
but
they're
sharing.
This
agree
charging
model
the
gsma
look
after
what
we
call
the
standardization,
the
stereo
templates,
so
the
agree,
charging
models
and
they'll
negotiate
back
and
forth
using
the
system
and,
of
course,
when
you
share
an
agreed
charging
model,
it's
much
more
difficult
for
disputes
to
occur
because
everything's
agreed
up
front
when
it's
agreed.
H
H
But
of
course,
so
this
would
be
the
I
guess.
The
the
portal
access
that
a
roaming
manager
or
group
would
look
at,
and
some
really
important
things
to
happen
here
within
that,
so
once
they
access
it,
both
have
their
own
access.
It's
a
shared
model,
decentralized
course,
but
we
have
the
ability
for
them
to
track
their
deals.
Look
what's
to
be
in
in
the
launch
phase
now
build
their
deals,
tap
implementation
settlement.
Everything
sits
within
the
system.
H
H
Sorry
blockchain,
hash,
Shadow,
Advanced
network
blockchain
key
stand
on
the
Leisure
now
at
any
point.
If
there's
a
disagreement,
M100
MLB
or
vice
versa-
is
that
your
hash
entry?
If
yes,
has
to
be
true,
so
they
can
for
the
first
time
now
really
just
align
the
degree.
This
was
the
deal.
This
is
how
it
happens.
H
H
So,
of
course,
for
us
just
in
terms
of
the
access
that
we
provide
and
obviously
we're
using
a
hyperledger
fabric
for
our
for
our
blockchain
needs
to
be
private
permission.
To
course
can't
use
public
blockchain
operators.
Aren't
they
trustworthy
bugs
they
tend
not
to
trust
each
other.
So,
of
course,
we
have
to
ensure
that
we
can
create
private
channels
amongst
them.
H
Importantly,
when
we're
processing
deals,
when
the
system
is
being
used
to
create
their
deals,
the
only
operators
they're
able
to
see
what's
being
negotiated
are
the
two
operators
they're
transacting
amongst
each
other
networks,
just
use
the
hash
values.
If
they
agree,
it's
all
the
same
stamped
and
it's
ready
to
go
and
for
us
we
do
something
quite
important,
Porter,
but
options
in
terms
of
how
we
set
up
those
particular
partners.
H
So
we
allow,
of
course,
the
gsma
provides
to
the
government's
access
to
the
network
itself,
create
digital
identities,
everyone
onto
the
Network
as
they
need
to
be,
but
we
allow
them
to
join.
Have
I
choose
to
join.
For
example,
an
operator
may
choose
to
host
their
own
node
on
premise
at
HQ.
That's
absolutely
fine
for
them
to
do
so.
H
They
may
work
with
a
third-party
vendor
who
will
host
on
their
behalf.
The
work
that
we
are
doing-
that's
proving
particularly
popular,
certainly
from
an
evaluation
perspective,
is
hosting
nodes
on
behalf
of
those
operators
as
well.
Okay,
because
the
challenge
is,
of
course,
there's
not
necessarily
the
right
technical
expertise,
the
right
setup
in
an
operator,
so
we
could
do
much
of
that
heavy
lifting
back-end
support
infrastructure,
sellout
access
to
the
network,
Etc
on
behalf
of
that
operator,
so
they're
up
and
they're
ready
to
go.
H
E
H
Think
it's
about
eight
with
a
network,
yeah,
perfect
and
just
jump
forward
and
then
so
to
bring
all
of
this
together.
Here's
where
we
are
now
we
have
a
suite
of
blockchain
services
available
for
partners
now
now
two
of
those
are
very
much
about
access
to
the
network
itself
and
the
other
two
tools
that
are
built
on
top
to
help
leverage
the
network
and
provide
that
that
usability
so
to
speak.
H
So
the
first
two
on
your
letters,
you
look,
we've
got,
of
course
the
E-Business
Network
itself.
That's
about
providing
the
access
to
the
network,
providing
that
that
you
know
those
digital
identities,
the
infrastructure,
the
governance,
the
model
so
that
those
can
join
have
that
capability
and,
of
course
we
we
look
after
that
at
the
gsma.
H
Second
is
node
I
just
mentioned
node
there
in
terms
of
our
offering
as
a
managed
service.
We
provide
that
that
setup
that
that
access
into
the
network,
the
infrastructure
work
that
needs
to
be
done.
You
know
very
little.
Effort
of
work
needed
from
The
Operators
to
jump
on
board
will
provide
that
support
where
it's
needed
doing
it
again.
H
There
we
go
back
on
and
then
the
other
two
we've
got
the
applications
that
that
sit
on
top.
Let
me
just
go
back
there.
We
go
I'm
sure
I'll
be
back
in
a
second.
We
got
two
applications
here
on
top
of
the
negotiator
app
and
the
assessment
application,
so
negotiators
are
very
much
about
being
able
to
build
that
online
workflow
between
two
partners
as
they're
negotiating
back
and
forth.
As
I
say
it
allows
you
to
create
what
we
call
Discount
iot,
so
you're
offering
wholesale
discounts
on
on
various
Roman
Services
amongst
Partners.
H
So
anything
we
can
do
to
reduce
that
time
is
being
really
really
welcomed
by
operators.
So,
again,
I
talk
about
agreeing
those
first
Partners
on
board
now
as
well
we're
starting
to
see
those
partners
evaluate
the
network.
This
is
going
to
be
great
for
us
in
terms
of
of
really
building
a
business
case
around
this
now
there
are
750
operators
that
we
have
the
ability,
through
the
gsma
through
our
membership,
for
our
work
of
Industry,
to
go
out
there
and
really
educate
and
work
with
around
the
business
Network.
H
So
we're
really
excited
to
be
doing
the
work
that
we're
doing
and
bring
this
into
into
the
likes
of
the
operator
Community.
There
are
additional
things
that
we
do.
I
thought
I'd
stick
with
this
just
for
the
course
of
the
day,
but
of
course,
there's
conceptual
items
there
as
well.
You
know
we
talk
about
this
being
the
low-hanging
fruit.
Of
course,
we
want
to
see
how
we
can
introduce
payments
at
some
point.
Can
we
introduce
a
stable
coin,
an
SDR,
that's
linked
to
the
way
that
Partners
settle
amongst
yourselves.
H
Gsma's
vision
is
for
any
business
Network
or
the
E-Business
Network
to
be
an
open
ecosystem
which
is
multi-party
and
Ledger
agnostic
ecosystem.
We
have
been
following
the
work
on
polka
dot
Cosmos
and
the
recent
Cactus
firefighters,
Firefly
Solutions.
Although
we've
made
progress,
mature
interoperability,
Solutions
and
their
exceptions
still
remain
somewhat
of
a
challenge
and
our
requirement
is
support
is
to
support
a
multi-party
interoperability
within
and
the
cross
networks,
networker
networks
and
multi-ledger
interoperability
within
and
across
networks
and
networks.
H
H
If
you
want
to
learn
more
about
the
business,
Network
feel
free
to
scan
this,
because
it
takes
you
to
the
page
that
talks
about
the
work
that
we're
doing.
There's
some
contact
details
for
both
myself
and
for
shamit,
but
yeah
I.
Think
at
this
point,
I'll
probably
finish
up.
I'll
hang
around
for
a
while
and
if
you've
got
any
questions,
I'll
try
catch
you
at
some
point
over
the
course
of
the
next
hour
or
so
appreciate
your
time.
Thank
you.
D
Vinnie,
it's
really
great
to
see
the
update
that
gmsa
has
done,
that
you've
been
early
adopters
of
hyperledger
fabric
and
really
have
like
built
institutional
knowledge
around
using
Fabric,
and
if
you
think
about
the
scale
that
the
gmsa
you
know
with
750
carriers,
you
said
750
carriers
and
the
amount
of
roaming
charges
and
pieces
of
data
that
are
going
back
and
forth.
It's,
really
an
interesting,
not
only
interesting,
but
a
fascinating
clutch,
as
the
you
know,
Network
grows
and
the
fabric
continues
to
scale
with
it
as
well.
Congratulations!
D
Excellent
and
you'll
stick
around
for
some
questions,
because
I
have
a
bunch
of
them
all
right.
Excellent.
The
next
stop
with
udpn
David
career
from
the
global
DLT
and
crypto
lead
at
gft
and
then
just
as
a
reminder.
Gft
today
is
helping
sponsor
us
here
at
the
BTS
school
as
well.
So
thank
you
so
much
David
overdue.
E
I
E
I
But
we
also
work
across
all
different
types
of
Technology
right,
we're
doing
a
lot
of
stuff
in
in
in
obviously,
a
lot
of
pocs
were
doing
a
lot
of
production
projects
as
well.
We
do
a
lot
in
financial
services,
that's
one
of
our
main
things
that
we
do
and
that's
the
reason
that
we're
basically
hosting
this
is
because
of
the
stuff
that
we've
been
doing
in
financial
services
and
payments.
Specifically.
E
I
C
I
Maybe
a
few
more
hands
might
go
about
just
a
few
still
right
out
of
the
people
here
in
this
room.
Who've
seen
heard
of
the
Singapore
dollar
know
something
about
it.
Do
you
notice
anything
different
about
this
particular
Singapore
dollar
that
we're
seeing
here
on
the
screen?
Well,
there
is
something
quite
different
about
it.
If
you
look
at
the
detail,
you
can
see
that
actually
it
says
the
word
Michigan
in
it
and
that
the
reason
because
of
this
is
because
this
was
issued
by
the
Singapore
Bank
in
Michigan.
I
A
lot
of
money
ended
up
with
their
dollars
being
worth
just
the
paper
they
were
printed
on,
and
this
is
a
concept
that
that
we
found
out
about
when
we're
basically
investigating
stable
kinds,
and
it's
called
Wildcat
banking
and
you
actually
have
as
well
as
a
Singaporean
dollar.
You
also
have
various
different
other,
basically
privately,
issued
banknotes
at
that
point.
In
time,
so
we
have
several
of
them
here,
so
this
was
between
the
the
points
at
which
basically
money
you
know,
was
kind
of
first
issued
in
in
the
States.
I
You
had
a
lot
of
these
small
commercial
Banks,
basically
issuing
their
their
money,
and
what
actually
happened
here
is
you
had
the
national
Banking
Act
in
1863
came
into
play
and
the
national
Banking
Act
illegalized,
the
creation
of
private
banking,
private
money.
So
now
in
the
United
States,
it's
not
possible
to
be
able
to
print
your
own
money
in
the
way
that
it
was
at
the
beginning
of
the
1800s,
and
why
am
I
explaining
this?
I
Well,
the
reason
I'm
explaining
this
is
because
now
in
2022,
now
in
2023,
we
see
that
this
is
actually
history
repeating
itself
in
stable
coins.
So
we
have
stable
coins,
which
are
backed
by
algorithmic
stable
coins
which
are
not
backed
by
anything
substantial
and
because
of
the
fact
that
they're
not
necessarily
backed
by
anything
substantial.
I
Because
of
the
fact
that
the
algorithm
wasn't
correct
because
of
the
fact
that
the
because
of
the
fact
that
it
wasn't
properly
backed
and
there
weren't
reserves
that
were
backing
it
up
and
a
lot
of
people
lost
their
life
savings
because
they
had
invested
quite
heavily
entirely.
Obviously,
I
know
people
that
lost
a
significant
amount.
I
I
So
you
have
a
lot
of
different
Regulators
that
are
coming
and
building
regulations
such
as
Mika
or
building
regulations
around
stable
coins
in
different
areas
of
the
world,
and
you
have
also
central
banks
that
are
building
their
own
digital
currencies
and
the
reason
that
they're
building
their
own
currencies
is
to
protect
their
their
Banks
and
also
their
people
from
these
kind
of
risks.
Right.
E
I
The
digital
currencies
are
kind
of
almost
protecting
the
commercial
Banks
against
privately
issued
stable
coins
that
could
be
issued
by
the
stablecoin
issuance,
such
as
a
tech
company
like
that,
or
they
could
be
issued
by
a
big
Corporation.
But
whatever
it
is,
it's
it's
a
it's
a
risk
against
the
financial
Market,
the
traditional
Financial
market,
and
that's
the
reason
that
this
Central
Banks
want
to
issue
this.
I
This
Monday
right
and
that's
why
the
world
economic
Forum
states
that
this
is
a
new
era
for
money
now
and
that
we're
actually
in
a
point
at
which
we
are
going
through
from
this
Wildcat
banking
era,
into
a
point
at
which
actually,
these
kind
of
Payment
Systems
will
be
regulated
in
the
in
the
future
and
will
be
standardized
in
the
future
and
in
fact,
in
forecast
news.
They
also
show
that
the
that,
in
fact
the
cbdcs
will
be
the
the
use
case-
will
basically
be
testing.
I
This
use
case
for
this
kind
of
technology.
So
they
show
that
even
they
even
think
that,
basically,
that
the
cbdc
is
basically
the
way
to
to
do
this,
not
not
not
through
stable
coins,
not
for
any
kind
of
other
digital
asset,
and
this
is
actually
true
in
terms
of
adoption
from
the
central
banks
as
well.
So
there
are
something
like
114
different
central
banks
that
are
that
are
doing
this
116.
I
If
you
go
by
what
the
bis
says
that
we're
going
for
international
settlement,
that's
basically
something
like
90
of
of
the
central
banks
in
the
world
and
all
of
these
central
banks
are
are
doing
this
because
they
see
the
risk
of
privately
issued
money
and
that's
privately
issued
money
from
a
traditional
point
of
view.
So
things
like
we
pay
or
Apple
pay,
but
also
from
the
new
you
know
stable
coins
as
well,
which
are
coming
onto
the
market.
I
So
that's
the
reason
that
they're
doing
it
and
there's
a
lot
of
different
implementations
that
are
happening
right
now,
so
we
have,
for
example,
four
that
are
basically
in
production.
So
you
have
the
Bahama
sand
dollar,
you
have
the
enaira.
You
have
D
cash,
which
is
in
the
western
Caribbean,
and
you
have
the
jam
decks
in
Jamaica,
which
are
now
in
production.
I
E
I
I
I
So
we
you
know
cash
is
not
programmable.
You
know
you
can't
program
a
10
euro
note,
but
you
can
program
digital
cash.
That
is
not
in
your
bank
account.
You
can
say,
I'm
gonna
have
a
bank
in
my
bank
account
I
have
a
direct
debit.
It
sends
something
out
every
month
you
can
do
all
sorts
of
things,
because
at
the
end
of
the
day
your
account
is
just
a
digital
representation
of
what
they
have
at
the
bank.
I
Was
this
really
great
use
case
where
basically,
they
were
saying
that
the
in
in
the
UK
you
have
like
your
Winter
savings
money
that
you
get
given
by
the
government
to
be
able
to
spend
on
heating
inside
your
house
right
and
what
they
get
given
the
this
is
for
like
people
who
are
under
a
certain
amount
of
an
under
a
certain
amount
of
money,
or
they
over
a
certain
age
or
whatever.
It
is
right
and
they
get
given
this
in
I.
I
Think
it's
like
November
end
of
November
or
December,
and
these
are
people
who
don't
have
much
income
right.
So
what
do
they
do?
These
people
they
actually
go
out
and
they
spend
that
money
on
Christmas
presents
for
their
family?
Well,
you
would
as
well.
Wouldn't
you
I
mean
it
doesn't
matter
you
just
a
jumper
on
and
you're
there
at
home,
and
it
doesn't
really
matter
you
know,
so
you
go
and
spend
that
on.
Christmas
presents
your
family
using
smart,
you
know
cbdc
backed
programmable
money.
I
You
could
potentially
connect
the
systems
between
the
energy
companies
and
the
systems
between
the
payment
companies
and
the
smart
contract.
That's
been
deployed
to
be
able
to
represent
that
to
be
able
to
say
this.
Money
that
we
have
issued
can
only
be
used
for
this
particular
thing,
and
some
people
will
also
argue
that
there
are
some
negative
negative
impacts
on
that
as
well,
and
that
could
be
possible.
I.
Don't
think
that's
necessarily
going
to
happen,
but
it
is
a
it's.
E
I
In
time
the
other
thing
that's
really
important
to
a
lot
of
different
central
banks
and
a
lot
of
commercial
Banks
is
the
there's
a
cost
reduction
piece
here
as
well.
So
there's
a
lot
of
money
spent
on
moving
money,
moving
money
around
cash
management,
all
of
those
kinds
of
things
costs
a
lot
of
money
and
the
actual
production
of
cash
is
a
big
business
as
well
right.
I
I
So
it's
not
easy
to
be
able
to
to
be
able
to
counterfeit
a
you
know:
10
euro
note
or
whatever
it
is,
or
a
50
Euro
Note
100
euro,
but
it
is
possible,
it's
almost
impossible
to
be
able
to
counterfeit
cryptographically,
backed
digital
assets,
because
you
have
to
really
understand
how
to
basically
break
the
cryptography,
which
in
theory,
is
the
impossible.
So.
G
I
Won't
be
able
to
create
counterfeit
money
in
the
same
way
that
you
can
potentially
at
this
point
in
time,
and
that's
really
interesting
for
central
banks
and
also
for
commercial
Banks
and
then
on
the
last
bit.
We
touched
on
this
a
little
bit
before
about
how
how
we
can
trace
you
know
the
transactions
between
different
people.
I
I.
Think
that
one
thing
just
to
bear
that
this
in
mind
is
that
in
Europe
there's,
especially
and
we're
here
in
Barcelona,
so
we're
thinking
more
about
Europe
than
than
China.
And
you
know
these
places
where
this
is
not
necessarily
such
a
big
thing
that
but
this
big
Focus
here
in
Europe
on
privacy
rate
and
on
how
privacy
will
be
implemented
when
they
do
the
digital
Euro.
I
So
it
probably
will
be
the
case
that
transactions
that
are
under
three
thousand
dollars
won't
be
traced,
and
only
transactions
that
have
a
high
value
will
be
trust,
there's
still
a
leap
of
faith
that
people
have
to
do
to
be
able
to
say
well.
Actually,
this
is
the
case
and
my
transaction
is
is
off
chain
or
not
recorded
or
whatever
it
is,
but
there
will
be
that
privacy
aspect
to
the
digital
Euro.
I
That
will
be
deficient,
but
you
know
these
are
all
great
things
right,
but
we're
not
there
with
cbdc's
we're
not
anywhere
near
CBC
issues.
At
this
point
in
time,
I
said
before
there
were
four
in
production,
but
you,
you
heard
the
names
of
these
economies.
These
are
small
economies
right,
so
those
big
economies
that
are
trying
so,
for
example,
China's,
been
doing
its
pilot
for
five
years.
I
It's
still
a
pilot,
eventually
we're
going
to
production
it'll,
be
the
big
it'll,
be
the
first
major
economy
to
go
into
production
for
sure,
but
it'll
be
a
while
before
we
have.
You
know
the
digital
Euro,
the
digital
dollar,
in
production,
we
might
have
some
other
big
economies
from
other
places
where
it's
easier
to
kind
of
push
things
through
like
Brazil,
going
into
production
quite
quickly.
I
But
if
we're
learning
by
the
by
the
process
happened
in
China,
it'll
be
a
good
five
years
or
so
or
maybe
even
six
years,
between
the
pilot
starting
and
going
anywhere
near
production.
So
in
the
meantime
we
have
stable
coins
and
stable
coins
are
here
to
bridge
the
gap.
Some
might
say
that
they
would
go
on
and
serve
a
purpose
after
that
as
well.
That's
quite
quite
possible.
I,
don't
know,
I
can't
really
speculate
on
that.
I
To
be
honest
with
you,
but
there's
quite
a
big
market
right
and
the
the
market
here
is,
you
know
rough
Mount
I
think
it's
like
150
billion,
something
like
that.
So
that's
significant
amount
of
money
and
it's
going
up
and
the
interesting
thing,
though,
is
that
some
of
these
stable
coins,
especially
you
know,
usdc
and
usdt-
are
available
across
different
networks,
but
there's
not
actually
interoperability
between
those
different
networks
that
they're
actually
available
on.
I
So
what
we
really
need
is
an
infrastructure
for
digital
money,
and
this
is
what
the
udpn
aims
to
do
and
the
main
reason
this
is
because
there's
a
lot
of
money
being
transacted
at
this
point
in
time.
So
if
we
talk
about
digital
digital
money
transition,
it's
it's
worth
about
23.5
trillion
dollars.
So
this
is
a
you
know,
a
much
bigger
amount
than
than
what
we're
thinking
you
know
with
with
the
just
the
stable
coin.
I
I
Earlier
this
year
we
had
to
pay
for
the
room
in
which
we
were
basically
launching
it
and
we
sent
them
a
wire
transfer
that
why
I
transferred
to
three
days
to
be
able
to
send
across,
and
it
took
three
days
to
be
able
to
send
across
and
in
between
the
day
that
we
sent
it
across
and
the
day
that
it
arrived.
We
had
no
vision
of
what
was
going
on.
It
was
just
like.
I
Oh
you
just
wait
for
it
to
go
through
if
you
move
that
to
a
stable
coin,
if
you
move
that
to
a
cbdc
that
should
be
instantaneous,
and
you
should
have
some
traceability
about
how
it
was
being
sent
from,
and
there
was
a
study
by
Oliver
Wyman
JP
Morgan.
That
said,
that
you
could
potentially
unlock
a
hundred
million
dollars
worth
of
worth
of
funds
that
were
basically
just
stuck
in
that
in
that
three-day
period
of
being
transferred
between
one
day
and
another
one
country
and
another.
I
So
basically,
the
idea
of
this,
this
idea
of
remittance,
basically
between
countries
where
you
basically
have
money,
which
is
just
kind
of
like
stuck
in
the
system-
and
this
is
really
the
reason
why
a
lot
of
people
are
looking
at
cbdc's
and
and
stable
coins
for
transfers,
because
it's
going
to
make
things
the
other
things
are
bearing
in
in
in
mind,
is
that
the
the
technology
is
is
ready
now,
so
the
technology
is
actually
a
point
of
which
it's
becoming
ready.
It's
becoming
productive.
I
Come
to
a
point
now-
and
this
is
this-
is
the
point
for
building
infrastructure
for
the
new
era.
For
for
my
unreasonable
push
in
the
central
banks
and
regulations.
On
the
other
side,
we
have
more
market
for
infrastructure
and
on
the
and
on
the
other
side
we
have
business
Readiness
and
Tech,
and
then
we
have
stable
coins
which
are
going
to
be
the
bridge
for
cbdc.
I
So
we
actually
have
a
mechanism
to
be
able
to
make
these
payments
so
right
now
we
actually
need
this
infrastructure
more
than
anything
else,
and
this
is
effectively
what
division
again
is.
So
the
udpn
is
a
decentralized
payments
Network,
it's
basically
a
messaging
service
that
will
send
instructions
through
to
the
different
digital
money
systems,
digital
currency
systems.
Sorry
and
it'll
basically
enable
the
swapping
and
transfer
of
these
digital
assets
in
stablecoin.
I
The
it's
you
know
there
are
some
quite
important
differentiators
between
ourselves
and
others.
It's
time
to
Market,
so
we've
been
working
on
this
for
the
last
couple
of
years:
decentralized
governance.
So
I
said
before
that,
we're
in
an
alliance
that
those
alliance
members
will
basically
govern
the
network
so
we'll
be
able
to
make
decisions.
It
won't
be
like
run
by
one
particular
company
and
we
have
a
decentralized
architecture
and
I'm
just
going
to
go
into
that
in
a
second.
The
solution
is,
is
basically
a
decentralized
permission.
I
Network
we
have
a
messaging
backbone
which
connects
up
to
the
different
currency
systems,
cbdc's
or
stable
coins.
We're
only
going
to
be
supporting
cbdc's
or
regulated
Fiat
back
stable
coins.
That's
very
important
to
remember
that
we're
not
supporting
anything
which
is
not
regulated
for
payments
and
we
we're
going
to
be.
Basically
the
idea
is
that
we're
going
to
be
the
the
messaging
system
for
the
for
the
money
for
the
monies
for
the
financial
services
in
the
future
I'm
going
to
go
very
quickly,
our
Tech
stack
on
one
side.
I
I
I
I
Here,
because
we're
going
to
have
less
than
24
nodes,
more
than
four
nodes
and
less
than
24
nodes
and
a
very
low
payloads,
it
can
do
it
can
easily.
It's
relieve
that
we
have
solidity
for
smart
contracts
by
pre-j
for
for
connecting
to
the
blockchain
postgres
for
saving
metadata
infuro
for
connecting
to
the
different
stablecoin
networks,
Java
and
spring
boot,
for
our
backend
Services
of
rabbit
and
Q4
for
messaging
very
quickly.
I
We
have
a
two
layer
system,
so
we
have
the
udpm
blockchain
layer
and
we
have
validator
nodes
which
sit
between
transaction
nodes
which
link
into
the
currency
systems
and
business
nodes
which
link
into
the
IT
systems
the.
On
top
of
that
we
have
an
application
layer,
and
this
is
where
we
deploy
our
smart
contracts.
So
our
smart
contracts
can
either
be
udpn
official
service,
smart
contracts,
so
for
swap
for
transfer
for
the
issuance
of
distributed
identifications.
Well,
they
can
be
third-party
applications.
I
But
you
have
here,
you
have
the
the
business
node
on
the
left
hand,
side
transaction
nodes
on
the
right
hand,
side
the
interesting
thing
here,
which
is
a
slightly
different,
because
you
have
that
from
the
previous
one.
Is
you
have
a
tar
node
in
the
middle?
That's
a
transaction
art,
auditing
and
Reporting
node,
and
that's
an
archive
node
of
the
type
archive
node
from
the
hyperledger
basic
setup,
and
that's
a
that's
a
kind
of
input
for
the
Auditors
and
The
Regulators.
As
this
is
a
regulated
Network.
I
I
I
You
can
participate
in
pocs.
You
can
download
it
and
use
it
via
the
webview
UI.
You
can
install
your
own
local
business
nodes,
we're
doing
quite
a
few
different
pocs
I'm,
not
an
unfortunate
amount
of
time,
so
I
don't
think
I'm
going
to
be
able
to
go
through
them
all
today,
but
we're
working
with
HSBC
Standard
Chartered,
we're
working
with
the
bank
for
East
Asia,
for
example,
and
a
variety
of
other
different
banks
on
these
different
pocs.
I
So
we
are
doing
I
would
say
all
of
this
in
in
H1
and
we'll
be
doing
another
10
pocs
in
H2
and
then
just
maybe
before
wrapping
up.
If
you
want
to
work
with
us
today
or
you're
part
of
a
business
that
wants
to
work
with
us
today,
there's
three
easy
steps
you
can
employ
apply
to
join
the
sandbox
participate
in
the
POC
use.
I
E
E
J
Thank
you
so
yeah
when
we
think
about
stable
coins-
and
you
know
they've
been
supported
by
Fiat
currencies.
We
have
seen
the
decline
in
the
value
of
Fiat
currencies.
So
my
question
is:
do
you
see
or
do
you
know
anything
about
how
the
Central
Bank
digital
currencies
will
be
backed
in
relation
to
Fiat,
which
is
losing
value?
Further
stability
is
kind
of
missing
yeah.
I
I
think
that's
is
a
good
question
and
honestly
I
don't
have
an
answer,
a
direct
answer
for
that
I
mean
essentially
the
Central
Bank
digital
currency
will
just
be
it
won't
be
backed
by
anything.
I
mean
in
the
same
way
that
you
know
cash
is
not
backed
by
gold
anymore,
it'll
just
be
issued
by
the
central
bank,
and
then
it
will
just
be
trusted
by
the
central
by
by
the
users
of
it
and
the
and
the
interest
rates
will
be.
G
I
I
You
have
the
amount
that
you
can
actually
hold
in
cbdc's
as
well,
so
you
can't
hold
a
huge
amount
of
cbdc's
in
your
wallet
they're,
not
designed
as
investment
vehicles,
and
there
will
also
be
limits
also,
potentially
on
the
on
on
what
you
can
do,
based
around
the
way
that
you
have
your
your
the
way
that
you've
accessed
your
cbdc
as
well.
So,
for
example,
if
you're
a
tourist
and
you're
accessing
you
might
have
like
a
cash
card
for
your
cbdc.
I
That
would
allow
you
a
maximum
of
maybe
like
500
or
something
like
that.
500
digital
dollars
should
I
say
and
you
would
be
able
to
do
transactions
of
maybe
up
to
fifty
dollars.
Whereas,
actually,
if
you
went
for
a
bank-
and
you
did
all
the
kyc
that
was
necessary
to
go
through
that
commercial
bank,
then
you
would
have
the
ability
to
be
able
to
hold
10
000,
US
Dollars,
a
US
digital
dollars
and
maybe
do
transactions
of
500.
Euros
at
a
time
or
thousands
or
whatever.
J
D
There's
a
question
online:
how
do
you
see
this
trend
of
digital
cast,
replacing
paper
money
similar
to
gold,
silver,
replacing
paper
currency
and
the
lessons
learned
from
that
transact
trans
transition?
Also,
the
digital
cache
leaves
a
sizable
population
Around,
the
World
Behind
These?
Are
people
not
digitally
literate?
This
would
create
more
inequality
around
the
world.
What
are
your
thoughts.
G
I
But
that
there's
also
an
argument
if
we're
talking
about
like
the
second.
The
second
question
here
about
financial
inclusion
but
actually
having
a
CBD
scene,
is
going
to
mean
that
there
is
going
to
be
more
financial
inclusion
and
more
Bank
thinking
of
the
unbanked.
And
the
reason
for
that
is
because
you
don't
necessarily
need
to
have
an
actual
bank
account.
I
So
the
commercial
Banks
don't
need
to
basically
take
the
risk
on
you,
and
there
are
some
commercial
banks
that
won't
take
a
risk
on
even
people
that
actually
have
jobs
and
have
and
have
you
know,
are
employed
in
the
system.
So,
for
example,
in
the
UK
I
know
this,
because
my
wife
is
from
here
she's
from
Barcelona.
I
When
she
went
to
the
UK.
She
was
working
in
a
shop
and
she's
been
working
in
a
shop
for
quite
a
while
they're
paying
cash
in
hand,
whatever
she
couldn't
get
a
bank
account,
because
HSBC
or
whoever
it
was,
would
not
give
her
a
bank
account
because
she
she
wasn't
working
for
you,
know
Goldman,
Sachs
or
whatever
it
was.
She
wasn't
already
in
the
system.
She
had.
I
So
I
think
that,
yes,
it
might
be
difficult
because
of
the
because
of
the
what's
the
because
of
that
it
might
be
difficult
because
of
the
gaps
they
get.
The
Gap
in
digital
awareness,
for
maybe
older
people
but
I,
think
eventually
I
think
that
it
will
also
include
people
in
the
financial
system
and
the
digital
cash
system,
which
are
likely
I.
E
K
I
I
It's
a
hassle
right.
People
are
only
going
to
move
across
to
it
when
it
becomes
cheaper
to
be
able
to
do
things
or
they
can
do
things
that
are
not
possible
using
the
current
model.
So
it
really
depends
on
what
kind
of
things
they
can
do.
What
kind
of
new
Innovations
they
can
do?
Maybe
it's
you
know,
maybe
if
smart
cities
and
micropayments
become
the
new
thing
in
in
maybe
10
years
time,
whatever,
then
maybe
we'll
see
more
use
of
them
because
it
maybe
we'll
have
like
machines.
You
can
structure
payments.
I
All
of
these
kinds
of
things
might
become
more
normal,
so
I
think
I.
Think
adoption
depends
on
what
you
can
do
with
the
cbdc
and
that's
why
I
think
it.
You
know
we're
always
saying
to
the
central
banks
that
don't
rush
into
it
just
to
do
it,
try
and
deploy.
Something
which
is
kind
of
you
know,
futuristic
thinking,
because
it's
not
a
race
to
get
the
first
cbdcl,
it's
actually
a
race
to
get
the
first
Goods.
D
K
I
Solution
could
be
used
to
be
able
to
distribute
the
Fiat
backstable
coin,
but
it
would
have
to
be
a
regulated
feedback,
but
yes,
there's
no
there's,
no,
there's
no
issue
with
that
as
long
as
it's
a
regulated,
stable
coin.
In
fact,
one
of
the
pocs
that
we're
doing
is
a
bank
is
a
bank
base
Sable
coin,
basically
so
banks
that
basically
want
to
be
able
to
issue
their
own
Sable
coin
settlement
of
Captain
markets,
for
example.
I
D
I
Complicated
roadmap
we've
got
to
do
10
POC
all
of
those
pocs
in
the
first
six
months
and
then
another
10
kioces
in
the
next
six
months.
That's
10
POC,
where
each
of
the
pocs
does
various
different
participants.
Yes,
we're
not
doing
them
ourselves,
it's
actually
the
participants
which
are
doing
them
themselves,
but
that's
that's
quite
complicated
in
its
own
right,
because
we
have
to
make
sure
that
we
are
involved
they're
using
the
platform
correctly.
I
I
That's
going
to
be,
we
need
to
find
out
what
that
first
major
use
case
is,
and
then
we
need
to
basically
apply
ourselves
and
put
that
into
production
and
get
a
role
in
get
a
scaled
and
I.
Think
that
will
there
won't
be
a
challenge
exactly,
but
it
will
definitely
be
something
that
we'll
have
to
spend
a
lot
of
time.