MakerDAO Core Unit Tools, 23 Apr 2021

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From YouTube: Core Unit Tools #06 through: Request - April 23, 2021

Description

Core Unit Tools #06 through: Request

For our 6th episode of Core Unit Tools we be talked about Request. Request makes it easy to pay and get paid in cryptocurrency by sending compliant invoices as a freelancer or business.

Hosted by @juanjuan

Agenda: https://forum.makerdao.com/t/core-unit-tools-06-through-request-april-23rd-16-00-utc/7453

Governance Forum:
https://forum.makerdao.com/

Disclaimer: These calls and the summaries are produced and hosted by MakerDAO community members. Content produced by the community are not the statements or views of the Maker Foundation.

A

All right well welcome everybody uh to the core unit tools uh session. I here we're really excited to have a request network here with us to kind of give.

B

A

Demo uh help us learn a little bit on on how we can use it going forward in the dow um yeah without uh too much further ado I'll. Kick it over to kristoff there and uh make sure you'll be sharing a screen for a presentation. You said.

C

Yep all right yeah go for it hi everyone uh thanks rose, um I'm gonna like uh go over with uh going with a presentation. um Anyone can like interrupt me in the meantime, uh totally okay, with this or uh wait until the end of the presentation like to ask all the questions uh anyway. It's fine, I'm gonna, go, go ahead and screen share.

C

Okay, does everyone see my screen looking.

D

C

Perfect, so welcome to core unit tool number six, uh I'm christophe the head of uh strategic partnership and business development at request tonight I did, I decided like to avoid any murphy's law live demo, so I did prepare like a few slides, but of course we can ahead and like with the live product, if needed, about request request is a suite of financial apps dedicated to crypto?

C

First companies, especially like d5 ecosystem, mainly like icos dealing with crypto flows, dows contractor of the ecosystem, employees of the ecosystem getting paid in crypto and any supplier, smart contract auditor marketing agency designers willing to get paid in crypto.

C

So this street of financial apps is starting with the first invoicing solution and payroll expense and accounting solution are being developed at the moment.

C

A bit of context uh before request uh managing crypto flows, uh crypto financial flows uh was totally like a nightmare uh totally like a crazy, and I speak on behalf of financial departments cfos that we've been talking to so originally handling like uh crypto financial flaws. Look like this, so it's like an excel spreadsheet uh as an invoice or an email.

C

um You submit this to like uh the or telegram message or a slack message to the person you'd like to be paid. You share like an ethereum address the person like copy paste, your address copy paste or set manually the amount in the wallet. Whatever is the wallet and uh when the the person proceeds the payment uh that person sends you like a tascam link to prove that uh he or she is a good person that he actually made is part of the job paying you.

C

On the recipient side for cfos and accounting departments, it's a nightmare because operational teams provide, as a paper trail, a bunch of eta scan links, emails, messenger notifications, as like a paper trail. So we did a.

C

We did initiate the relationship with maker dao uh more than a year ago, I would say a year and a half in order like to make the the payment uh of first the grants and bounties more smooth uh on behalf of the foundation, and uh we did co-elaborate this solution together with like uh your financial department, so maker ecosystem financial department and people in operations.

C

uh It was originally like pushed by a rich brand on behalf of the community, and we did end up with like a tool that enabled both uh issuers and recipient of financial flows. Crypto financial flows to have a better experience for the issuer of the invoices uh that we're gonna see on the next slide. You have like a solution that enables you to request funds uh more than like writing an email and for the recipient.

C

So, in this case, uh microdow financial department maker foundation, the financial department, uh a dashboard with all the inbound grants and bounties or invoices to pay to the community so instead of like having a spreadsheet, so most of you have already used it. So, on the left side, you have the the interface the front end of request, enabling you to denominate uh your invoices, both in share currency or they can be denominated in crypto, and you can require the payment you like uh it can be. So, of course, by default.

C

Request is like uh the default currency is die based on our partnership, but like people can uh also require, like any step, other stable cord or even like uh any alt coin.

C

On the right side, you have the status of an invoice. uh The fact that the invoice is on chain. You have a live status of all your invoices from the moment of broadcasting on uh ethereum to its reception acceptance, payment.

C

Original date and payment effective date and at the bottom of the invoice, you have, of course, data scanning that everyone like use to send to each other. If you have a look at the invoice on the right, in particular, this one has been denominated in swiss francs and actually paid in die, so this uh object represents the best of the two worlds for like companies willing to manage their finance, using both uh um fiat system and crypto payment, an invoice denominated in fiat currency. So in this case, swiss francs is easily.

C

You can make easy easy bookkeeping into your accounting system, just like uploading, an invoice as you would upload any other invoice, and uh it makes also like the player and the recipient happy since I receive uh crypto the money at the speed of internet now, core units talking about coordinate financial setup request is offering exclusive features to core unit using both requests and gnosis. So this is new, uh it's not even developed, so it's not live yet it's a matter of days, but this is what it looks like.

C

I want to share. First, like a user story uh from like emma uh from agnosis financial department, saying that she's been like having a great experience using requests for like salary and expense management in both fiat and crypto, and she also uses it for like having like a compliant paper trail or at least documents that justify every single transaction flow.

C

So I know that it's not like needed from uh all the core units to have like a paper trade and it's not like the priority at the moment, but in the end, when the core units are growing and if there is like they start to have like on top of the payment experience, an accounting or maybe an audit one day, every single transaction flow can be will be properly documented.

C

Talking about the exclusive features, so request is now integrated as a safe app, so there was like from the one of you who would experience this, uh paying an invoice if you ever done this with through wallet connect was not like the best user experience ever so we are now like directly integrating agnosis safe, app as a custom, app just typing in like uh invoicing.requisite network into gnosis and requesting voicing will pop in the middle of the other apps, and uh the same exact dashboard will appear when uh in gnosis safe.

C

So you connect with yourself, of course, and the only difference is that when you're gonna hit the button, pay you're going to go through the gnosis safe process. So it's pretty seamless.

C

You confirm the transaction you are paying, as you would do like with a simple metamask.

C

Now, second, exclusive features coming for the users of gnosis, safe plus request is like batching payments.

C

um This feature uh allow like you to select like one two, three invoices like this and when you select those three invoices from this safe, app just hit the button and pay. You have like a notification message. That's gonna give you like the exact number of payments you're gonna make. So here are three invoices.

C

If you click on one of these invoice, you have the detail of the the detail of the payment, you're gonna make and uh just submit it sign with uh metamask, in this case, with the second wallet and boom and you're all set. So uh those new features are like we're missing like over the last. I don't know two three months and batching payments is like an important uh matter, especially when we talk about payroll or making multiple payments yeah.

C

So, as a summary um request is like this suite of financial apps, uh starting with invoicing, of course, following followed by payroll expense and accounting, dedicated of course to crypto. First, and uh especially dao's companies, managing crypto and contractors maker is like uh was the first adopter of that technology or among the first, it's been since, like last september, it's been followed by large other foundations, and what is important is that those other companies or foundations are like also using a request, and this is just the beginning.

C

They embed their old ecosystem, using request. So if the ecosystem of each core unit will get to know sooner or later, like a request, a suite of products, I'm done with the presentation.

C

So now I open the mic to anyone willing to for q a.

A

Awesome, um I know I had a question and for me the probably the longest portion of like utilizing uh request network is actually entering in the individual things from like my uh time tracker. My productivity tracker, if you will yeah, um was curious. If you had any plans to integrate with uh any of those, so you could, just you know, hit a button and have it all automatically upload to your invoice.

A

C

uh That's not in the plan, yet you mean like the time sheet right.

A

Yeah like toggle or you know what, whatever.

C

So uh it's not in the roadmap yet since there was not like a lot of demand for such feature, but that's totally like doable if like. If it's since we developed like the the payroll uh module, this can be added to the specs of the apparel module and with the pleasure we gather all the needs like yours.

D

I think, potentially it's uh adding the the feature to to get uh csv files import right, so you would need to export a csv from from any kind of tool and then be able to modify it and upload it just to get the.

B

D

The invoice, I think that would be cool, but uh that's a good suggestion.

D

Any any questions, frank. You have to have a question for us.

E

uh Yeah, my first thing, that comes to my mind, is the uh timely payments right. So if you request some something, um how long do you so what someone should expect to get a payment? Is that anything to do with requests, or is that just uh you know uh an account being issued, then an account commission by the payments issue from the other.

C

End, I'm not trying to get uh frank.

E

So uh it's pretty much a question about the timeliness of payments. Yeah uh so say I'm a developer and I uh made a request like how long should I expect to get to receive a payment.

C

You, when you like use, request invoicing.

C

You set yourself the date of payment, so by default it's 30 days uh like any invoicing solution, and uh you set yourself uh the the due date of that invoice, and so this is for like the payment date and for the payment itself, uh it's a matter of a crypto payment. So it's like, uh depending on the ethereum but like when someone hits the button. It's like a totally normal transaction, it's broadcasted instantly.

C

So it's a matter of minutes.

E

Got it that makes sense and if I, uh if I'm running a core unit and I'm based out of delaware or wyoming as a limited, limited liability company, an llc? What.

B

Are there any auditing.

E

um Anything related to auditing that uh you know that I could use with request network.

C

Like what did the accounts.

E

Yeah- and you know I needed to provide some auditing requests. uh Is that something you guys and it's funny because your name requests right, but if I had an order request, would you be able to provide provided.

C

So uh we don't provide ourselves. Any audit um like any uh or leader would be like uh glad uh to see like a clean perpetrator for every single transaction you've made. So you would like, from the dashboard click on the csv export button and like submit this to any, uh I would say auditor.

C

So it's like a request is not providing such service yeah because it's totally forbidden by the way to be like to do like both accounting and audit. So uh so we are more on the accounting side and uh you can take like any independent auditor.

E

Okay, cool yeah that says yeah that makes sense and um hypothetically if my core unit wanted to um get some funding in usdc versus dye. Is that something you guys can swap.

C

Yeah totally, so that's really interesting as a question, so when you issue an invoice at the moment of payment, the payer so yourself first, when you shoot the invoice, you choose the currency. You want to receive.

C

Let's say that you want to receive usdc, you re you set, and you send the invoice to the to me saying that you want to receive usdc on my side of the world. When I receive the invoice, I hit the button pay and I can pay with any uh stable coin available. In my wallet we have an integration with uni swap so it's going to be more costly for me to pay you in another currency than the one you required initially, but I can totally pay you in die.

C

It's been swapped during like the moment of payment and sent directly to your wallet, so you're gonna receive the same equivalent in usdc.

E

Cool cool, thank you.

D

Christopher, maybe you can comment a bit on the on the gas costs, so what's the difference between sending a payment through through request versus sending a payment manually through, I don't know, metamask, for example,.

C

Yeah, so um the the gas fee is like a bit higher.

C

On a request, because, like we take a fee, we take a fee of 0.1 of the total amount of the invoice and this is kept at 2. So it's like a really tiny amount below two dollars and if you start like uh invoicing like um from 2000 to 2 billion dollar, it's gonna cost you two dollar, anyway, uh frequency and the rest of the fee is like a totally normal gas gas price.

C

So nowadays, a total uh gas price is like pretty expensive, like people are like paying like 50 bucks to get paid like 200., but like we're, uh we're like uh integrating like additional chains, uh including xdi uh balance, smart chain and polygon, to give the freedom to older users to use the the chain of their choice to pay even for the ethereum native company.

C

Like us, uh the guest fees at the moment do not make sense, uh so people are looking for like uh work around in the short term and uh when ethereum scales and like homer, like the the promise of uh scalability plus a low uh cost. uh Of course, people's gonna be there like to run on ethereum.

D

Nice, so the if I understood correctly the fee you take it in in east, so you convert uh two dollars or point one percent.

B

D

Okay, interesting.

C

So we we take it, we take the fee in the currency of the invoice.

C

So if it's in die, it's like it's going to be, maybe one dollar and die.

D

D

Okay, so the if, if I pay 2 000, if the invoice is 2 000, then I would need to pay 2002 die.

C

D

Okay, okay, I thought that you converted and the fee was played in eth, but.

C

B

All right, I got a question. I thought sorry, um you mentioned some l2s. um Have you looked into like using optimism at all? It seems to be well.

C

So, yes, it's uh also in the roadmap, uh so it's not in the current sprint. But yes, uh it's totally like uh it's uh not all but like uh l2s are like in the roadmap, because we were like working in the in a sense that uh anyone could, in the future add uh any l2. So uh if it's optimism, it's optimism, if anxiety wants to call the x-dive, they would could excite themselves.

B

Okay, so you and actually producing the like the integrations yourself you'll, just be like leaving it open to to the various sidemates, are also used to do.

B

Okay, I'm not sure how many they're gonna have time for that, but I guess maybe they will um another question about the sort of batching stuff as well. You mentioned that was kind of coming soon. um Is there any like rough timeline on that? Are we talking like days weeks months, yeah for which ones for batch payments to use through gnosis?

B

C

A matter of uh days, so um we had a asked me anything session yesterday with uh amy, and uh I would say that I would disclose like a bit of information tonight I was saying, and so yes, basically it's ready, uh we did not. It was supposed to be shipped this morning live, and I told the dev team not to ship it, because if I was like making like live tests tonight for the first time uh with you guys, I prefer to avoid like I would like to.

C

I would have preferred to have like one or two days to stress the system before so I think it's going to be released like any time next week.

B

Okay, cool. um Another question was related to that. I was just curious about the kind of if there's any like gas savings using the kind of batch distributions.

C

B

C

So um yes, there is, of course, guys savings because, like when you pay a three invoice as I did show in one payment, the objective is, of course, not to pay three times the gas, so there is like uh economy uh scale. Here uh I don't have the exact uh number of uh for sure. It's gonna be more expensive than like a simple uh yeah yeah sending payment uh since it's from the contract, but for sure it will be less expensive than like sending through payments.

B

Cool- and I guess, following on from your kind of previous discussion on fees right, um how will fees work and like the batch thing? Is it still like two dollars max per invoice or 0.1 or whatever.

C

Yeah yeah, it's gonna remain a two dollar max per invoice. Okay, so.

D

um Christoph I saw a comment from nutty about the the airdrop. Maybe you can comment a bit on that.

C

D

Awesome airdrop approach.

C

ah So there is absolutely no airdrop approach now I prefer to be clear. uh This is like not even like a word that uh we want to use for like uh legal purpose. So uh what we did uh we we want to test.

C

The request mission is to become a dao as well, and we want to test the the voting system so only to the some tokens have been sent to the only to the users of request invoicing and not to all the wallets in the world, but to the request, invoicing and the objective is for the operational.

C

Users uh to ha to share their opinion based on like an amount of token like they they own. So it's like just to wait the basically the the the answers.

A

Awesome um kind of switching gears a little bit. I've only used requests like as a person invoicing. I was curious if there are any tools on the like flip side, for instance, uh let's say we have a new contributor we're about to do their first payment to them. Are we able to like request a signature from their wall through the request network or something to confirm their address.

C

I'm not sure to understand well because, like it did cut a bit.

A

Yeah go ahead, yeah so, like um you know, for like let's say we have a user who's submitting an invoice to us for the very first time. uh Is there a way through the request network, we could request a signature from there um wallet just to confirm the address, or is it just kind of whatever? Whatever is put on that field? It'll go to.

C

Yeah, normally, there is no need to confirm their reception address because, like we took like one like design, uh let's say decision in terms of product is like when you want to get paid. uh Normally, you are able to paste the proper wallet address where you're gonna receive the funds. So you you're super careful with this. The normally the issue comes when you copy paste someone else's address, you can make mistakes, but people don't normally don't make mistake with their own.

C

So when they like issue their first invoice, they set like the recipient email address, press their own wallet address and they are all set.

D

Make sense, thank you christopher. Regarding the going to a bit of safety and privacy um like I, I heard some comments about uh well, first requesting the email and then not requesting the email and the address.

D

Maybe you can comment a bit on on what types of uh of information you keep from from different users and and how you deal with that.

C

Yes, so request c, so we have absolutely no access to the content of an invoice, so the metadata of the invoice. The content is unhosted and I encrypted on ipfs and then only the hash of the the corresponding to that invoice is on ethereum, so it's end-to-end encrypted uh and what requests see on uh our their side?

C

If I speak about, like the team, is that the through the google accounts uh we see like issuer and recipients, email addresses, we don't see the content of the invoices and, of course, if we dig into the onethescan we we can see as anyone the amount of a transaction, but there is no way to link this normally.

D

Makes sense sounds a good. Are there any type of questions? I think we are all quite experienced with uh with requests so yeah? uh That's why we're more excited about hearing? What's what's coming next and.

D

C

So this is why I went like quite quick uh over the slides because, like most of you, like you already, the the product what's coming next is like uh those like- and we did talk about this uh in uh with me in terms of financial setup, for the core units um providing like a proper toolkit for every single core unit to manage with no difficulty their finance uh first getting paid from the protocol.

C

So that's like uh easy and then like, managing like uh spendings or like account, payable asking their own ecosystem to use this tool in order to maintain like a proper perpetrator, because in the end uh it's like every each core unit will have its own perpetrator. As a frank was a was it you know, was it wasn't frank who was like talking about like the llc in delaware,.

B

Yeah, it was frank that was frankie. Oh.

C

Yeah yeah so yeah. Likewise, the frank was saying so: uh every single coordinate will have its paper trail. So now, uh what we're working on is like tying and reinforce the partnership with we have with kenosis, and this is why we want to provide gnosis plus request exclusive features.

C

So batching payments have been like asked many times and john uh innis uh provided us like uh last week like a piece of code that, like unlocked this feature, so this is perfect and and it did enable as well the integration of requests in the safe app so because, like copy pasting, like the qr code from wallet connect into the safe was uh not the best experience ever so we found the way like to avoid using wallet connect while managing the payments of of maker together with mosis and then for the you were asking about like the coming features.

C

uh We insist a lot on being like a financial street of applications, uh a suit of financial applications. Sorry so expense management is like something that have been asked many times to us since, like uh peril and like, of course like a decent accounting solution uh is needed and when I say a decent one, of course, traditional accounting systems are like.

C

Useful but like you have to find some tricks to bookkeep like a crypto transactions.

C

So you know what we found. That request was like uh some of our users are like denominating, all their uh transaction flows in usd whatever the token they're getting paid with, and if you do so, you can maintain a normal accounting as it as if you had like a total uh normal business from the legacy world.

C

So, yes, we are working uh on the neckline solution uh for like crypto. First companies.

E

Yeah and what I I think I heard you and I was I apologize, I kind of stepped off for a second. You mentioned something about notice, safe and yes,.

D

um I was wondering so.

E

As far as safety protocol they're, uh connecting with you know, requests to notes to safely. Are you using some kind of like, uh like a json file, that one must produce or a keystore file.

C

So I cannot answer that question myself, because I don't have the technical details of the way it's connected uh boss uh but like if you uh I can take that question and just like come back to you whenever uh on telegram or like in private chat, uh I can come back to you or provide the answer later.

E

Okay, yeah, that's cool, just seeing a lot more of that being used um for safety and uh and with like companies like venmo, and I guess paypal right coming into the space. Do you think, maybe in the future, they'll get into it too and start doing invoicing?

E

Is that something you guys think about not really.

C

Yeah, so I wish they do. uh I wish they do. uh I would take this as a fantastic opportunity to prove the world that uh crypto uh plus invoicing uh has a value to the legacy world. So uh yes, uh I wish they do. um I don't see this. uh I really take this as an opportunity for adoption purpose because, like if tomorrow, uh people opens the door for businesses uh or like to e-merchant, I would say to get paid in crypto. uh That's totally fine! uh It's like a fantastic news for uh our world.

E

Yeah for sure I think.

A

There's a question.

E

In uh in the chat there, one.

C

In term of late strategy, do you think is being more.

D

Yeah, if you want, I can read it, but it's in terms of late strategy. Do you see request being more of a large business, small business, self-employed solution for invoicing or you're trying to capture all the markets.

C

uh For sure uh I would say we capture the b2b market, so uh in a sense we are not like. uh um We are not like.

C

A payment module for like uh e-merchants. uh This is not our job.

C

We focus on enabling b2b or businesses to make business with each other, uh um using crypto in the most compliant way uh possible, uh providing like a paper trail that is like almost inexistent today when uh transacting in crypto, on top of like having an email attached to like uh justifying like a flow.

C

So I would say: smes, smes and, like a self-employed, people are like the the the biggest targets. Of course, we provide a tool for like a large foundation like a maker foundation or, like a uh other like a crypto actor that I I did show earlier.

C

So we provide tool for those large foundations because they want to have like a proper, proper trade, but like the main audience is like the ecosystem of those of those big foundations, and this ecosystem is mainly composed of smes.

C

Self-Employed contractors, so everyone doing like invoicing, whatever the size of their business, can benefit of requests.

F

um Speaking of that um yep, do you want to talk a little bit about the req token, so I'm a grantee from uh the foundation through maker, dow and we've used requests quite extensively in community development and um so got an invitation to come to your snapshot, pages and vote, which I thought was a really cool way to add in product features. um Do you want to sort of articulate your plans of what you guys want to do? For that token, is it just sort of like a way to community feedback or what? What?

F

What are you looking to do, because that's what I thought it was for, and I thought that was a really innovative and thoughtful approach. Very crypto native also really interesting.

C

Thank you very much. uh We appreciate a lot of the comment, so, yes, that was totally the objective one more time.

C

Okay, we have a community of investors, which is fine and we have a community of users and uh we are really interested in having the opinion of first of all, the users of request products.

C

Of course, we take into consideration the opinion of the investors, but this product is dedicated to users, so we wanted like to give like the mic to our community of users uh rating first, the feature that they would love to see, first and so on and so on. So that's interacting with our community is the main goal and, as I said earlier and yesterday during the ask me thing with amy request: has the ambition to become a dao and the only objective of the wreck?

C

Token in this context is to be like a voting token, and we really want, like large users like maker ecosystem, the nozis ecosystem, uh kyber ecosystem and so on, and so on. uh Using extensively requests to have with their holdings of rec tokens.

C

The biggest voice, operationally speaking to give like the product, the more sense business-wise.

E

B

uh Christoph is there like.

E

A

Give us an example.

E

Of the reasons why an invoice might get rejected by requests like give us examples, is that you know maybe something wasn't filled out.

C

Yeah, so um I was discussing with uh the cfo of the graph presently and uh he did reject a few invoices because they were like missing like either like a purchase order or it was denominated in the wrong currency.

C

So uh when, like a recipient of an invoice, uh maybe like the misses and info you can, for example, you can attach your timesheet any. You can attach any file when submitting an invoice. So if you're a contractor submitting an invoice to like a core unit- and you forget to attach your timesheet, it can happen.

C

The recipient of the invoice can just like reject uh the invoice. uh With a note, say: hey, uh please, add your timesheet. It's a way to interact with uh issuer and recipient more than sending each other emails.

E

Yeah yeah totally, and I guess you would get a notification right and also.

B

Get in your customer.

F

Service, I.

E

It's uh it's really good. Is it better than coinbase, because those guys are awful.

D

Thank you. You said you can attach um something to the invoice yeah.

C

So let me let me screw and show one second.

D

Like back, in my day, we couldn't yeah.

C

Now it's like we've been releasing such features and uh quite quick, and uh I'm not sure that we communicated on everything we did.

D

Okay, yeah, but I mean potentially that would solve the the multi-line problem right, because you could just write one line attach a pdf or what not and then you would.

C

So here, when you create an invoice, so you choose, of course the currency. So everyone is familiar with this, so we add more and more currencies in the list and not for fancy purpose. We had like, for example like when we started with ave.

C

The financial team did ask us to add a die, a usdc and have a token. So, just like those are like the news.

C

Let me show you here and of course I built to- I don't know myself, okay, that is by default, but I can uh pick any currency available here to get paid.

C

I choose my wallet description, you're familiar with this, and here I don't know if uh some of you are using this feature, but two features at the bottom of the invoice. So the one uh one we're talking about is like here attaching a file. So if you click here, you can like attach anything. Okay, any pdf timesheet whatever, and uh if you want to submit, for example, like a monthly salary to your core unit or get paid by your car unit or anyone any employer.

C

You set here the pace after x time at a specific date. How often and so on so here you can set the pace of recurring invoice, so you issue, for example, one and every month uh the recipient will send uh receive the the same invoice with the same amount and denomination.

C

So those are like the yeah.

D

I think most populations have fluctuating times and yeah and so that's less uh used in general. But it's a terrible feature.

C

Yeah some suppliers are using it uh for like service uh level agreements or stuff like this yeah.

D

It makes sense I wanted to ask you: can the same account be at the same time, uh producing invoices and then paying invoices like? I can imagine.

F

D

Unit receiving or invoicing the dow and then without paying that core unit and that coordinates paying the contributors. Invoices.

C

Exactly so here I have like uh sent invoices okay, so here I have like uh you have like all the invoices that have been sent on my side. Okay, and here uh you have all the invoices that have been received so the same dashboard, those both accounts, receivable and account payable, uh and then uh you have like, of course like if you want to sort like all the ones waiting for payment, uh the one that you rejected, the one that are you paid and so on, and so on for information.

C

We're currently redesigning the whole dashboard to make it like more visual, with like pie, charts and stuff like this uh turnover per customer. uh So we are like collecting the needs at the moment from the users regarding this. In order to make it one more time, the objective is to make it useful for our users.

D

And can multiple users access that same account and then have like a foreign principle, so one of them could validate the the.

A

D

And the second one paid.

C

Okay, so uh I give you the example of maker foundation today for the grants and the bounties use case. So basically, uh if we go to that page, which is uh where is it yeah community funds so on the maker community funds paid? Oh that's a new page, I'm.

F

D

You interviewed.

F

D

What did you get.

C

So it's like so yeah, so here, normally it's written somewhere. The there is the process to ask for the grant uh get from did.

D

In the very bottom, it said applied for a development grant.

C

Yeah it's a new page though well.

F

Anyway, uh I dropped the link. I dropped the link for you yeah. It's.

C

F

C

So the way it works today uh at the community level is like amy and torben share the same account, which is like contributing at maker dao and all the grants demands fall into that dashboard in the received side. So this one and then amy she goes over every single grand demand. She click on it. She said: okay, this one boom and she goes okay, reject period wrong amount.

C

Boom, okay and the information is broadcasted unchanged or just like rejected because, like she might receive some uh spam, uh sometimes so, then, if she goes there waiting for payment, so she can manage all the inbound flow of invoices falling into the dashboard arriving in the dashboard and when she is done, for example like once every I don't know at the end of the month or every week, torben the cfo it comes here and it doesn't need to read every single invoice that has been uh approved because he knows that he's been approved already by amy.

C

So he comes here and he pays with like he's. A second signature on the multi-stick, so amy has a signature to approve and torben has a signature to pay a.

D

Different signature on the same account.

D

Okay, that makes sense. I guess.

C

So that's like the that's the way it works today. So I don't know if she signs with a wallet the approval or if it's just like at the applicative applicative level and then like turban, signed with his signature.

D

And we have like a demo account, so if we wanted to see how the process works and and batching and whatnot is it, is there like a sandbox where we can mess things or should we test in prods and yolo.

C

Yeah, no, there is no sandbox. You can mess totally mess the the live prod.

C

So two things: uh if you want to give a try, uh it's better like to give a try with like a uh a random account that you will not use uh later for, like, um let's say official paper trail because, like the if you uh since, like the invoices are like immutable, uh all the tests, you're gonna make is gonna remain uh attached to, of course, to your account okay. So it's better like to to use a test account, so we don't have a sandbox.

C

uh If we, of course, if we have like 200 testers next week, we're going to think of a sandbox otherwise, just like test it with like a random account, no worries.

D

Okay, so the the best way to to get this started is uh it's pretty much just go online, make an account and start setting.

C

Things up, yep, invoicing.request.network and uh just like start from there.

D

uh Going a little bit back to the dao, I think clemon had a question about. When are people going to be running their own? Not so, how far are we from decentralizing the protocol with user operated nodes from one to three years or five years.

C

C

I don't have an answer for.

C

This, I don't have an answer. I have no. uh I I love to have like a crystal ball, but I I don't I mean I mean like. uh I cannot make any promise here.

C

That's for sure. That's the objective, but like the timeline.

C

It's like adding a feature. Sometimes we said that it's gonna take like uh a week or two week and by next print it's gonna, uh it's gonna be released and then, like you, during the on the way you have the surprises.

D

External sense, do you have any any other questions? I think we we covered quite a lot of ground, but maybe there's some parting questions.

E

I think I think, for me would be if hypothetically the smart contracts team got an invoice for a large order right say for a million dollars because they bought, I don't know, equipment or nodes and distributed them all over the world and would- and you can you have a workflow where you would have like four different individuals like the facilitator.

E

um The smart contract team leader, like chris mooney, have to review it sign it approve it. Do you guys have that at all or.

C

That's uh so you're totally right to us. um Yes, and this is on gnosis safe side more than on a request, one, it's a matter of like co-signing a transaction uh based on like thresholds, uh but like the for sure, uh you can set like thresholds that anyone can pay like an invoice under that amount with gnosis and above such amount, like the facilitator, has to cosign or whatever that's totally doable. Yes,.

E

But but there won't be like so if core units get audited by the community by the maker token holders, you know next year and they want to.

D

E

A million dollars was spent on equipment. um Would we be able to will chris mooney and the facilitator be able to prove that they approve the one million dollar purchase or if they're going to have to look at the blockchain and say uh the notes is safe, um showed approval by zero x1 and 0x2 and 0x3.

C

Yes, what the so for sure they won't be able to disclose from request itself since it's fully encrypted.

C

What they can do is like communicate publicly uh the safe addresses they use and even their signer addresses and then, like the the interested. The person can go check, unchained chain who did sign, which transaction, but we won't take. uh We won't do that ourselves. It's like it's like maker, has a specific need for in the core unit for transparency, uh and it's like unlikely that other businesses, like 90 percent of the businesses in the world, uh have their like business recipe.

C

In the in the invoice, so it has to remain encrypted.

A

C

It okay and confidential yeah.

E

Got it and you and I guess the copies that you get those are decentralized so but probably not right. I guess you store them in a server, uh so you know say you get 100 invoices from five different core units a month where.

C

A

C

E

C

So request is not storing anything. uh The the invoices are are stored uh in the decentralized way using ipfs as a decentralized, I would say, storage and it's encrypted there and.

C

And we timestamp every single invoice on uh the blockchain or an ethereum, so x die at the moment, but.

C

Request doesn't have any info on any server.

E

Cool, that's good to know. Man yeah.

C

It makes sense yeah, it's like you know it's it's it's funny because, like that's a discussion, we've we've had uh in the past and uh talking about like the business of the the business model of paypal and uh people were like. uh I, I was listening to a conference where people were saying that paypal, most value is not the fee they take on. Every single uh transaction is the content of all transactions, the the data of all transaction.

C

They can access the they can access the the content of every single deal or payment. So for for sure, this has much more value than the percentage of uh of every single.

A

Transaction awesome and want to be cognizant. We are just past the top of the hour here, uh so I might toss it back to you uh christoph for any parting words. uh Maybe uh give us some links where, where can people uh get in contact with you if they have further questions or yeah.

C

um Yeah, what I'm gonna do is uh uh copy paste.

C

Up, I'm gonna copy paste in the chat my email address and my telegram handle don't hesitate to reach out to me directly.

C

It's like really important. I will make the the link with like uh the the product team and the the dev team for any technical question or like product question. It's really important us to collect the the needs to make this product operational and useful for, like you guys, you were our part of our first users and you are like, uh and we want to hear your voice and, uh like a team uh noticed that, like uh the the the voice of the community is important for us.

A

Well, excellent: we really appreciate you taking the time to walk us through and answer all the questions. So uh thanks everybody for coming out and uh yeah, don't be shy, hit them up if you had any questions thanks. Thank.

D

You christopher.

C

Thank you very much thanks everyone for being here tonight.