Tork Labs x Bit-Chess

Space Summary

The Twitter Space Tork Labs x Bit-Chess hosted by Tork_Labs. The Tork Labs x Bit-Chess Twitter space delved into the exciting realm of blockchain innovation through #AMASpace discussions. Key takeaways included the potential of DAO collaborations, integration of decentralized governance models, and the impact on blockchain gaming and DeFi. Strategies like airdrops, giveaways, and well-crafted business proposals were highlighted as essential for community growth and successful partnerships in the crypto space. Stay tuned for more updates on cutting-edge developments in the world of blockchain and decentralized technologies.

For more spaces, visit the Innovation page.

Questions

Q: How can decentralized governance benefit collaboration in blockchain projects?
A: Decentralized governance fosters transparency, inclusivity, and community-driven decision-making.

Q: What advantages do DAO collaborations bring to the gaming industry?
A: DAO collaborations enhance player engagement, token utilization, and project sustainability.

Q: Why are airdrops and giveaways effective strategies for community growth?
A: Airdrops and giveaways incentivize participation, reward loyalty, and attract new users.

Q: How can businesses leverage proposals for successful partnerships in the crypto space?
A: Well-crafted business proposals demonstrate intent, vision, and commitment to potential collaborators.

Highlights

Time: 00:15:23
DAO Collaboration Insights Exploring the synergies and possibilities of DAO collaborations between Tork Labs and Bit-Chess.

Time: 00:30:45
Impact on Blockchain Gaming and DeFi Analyzing how the partnership could influence the gaming and decentralized finance sectors.

Time: 00:45:12
Decentralized Governance Strategies Insights on implementing decentralized governance for better decision-making processes.

Time: 00:58:30
Incentivizing Participation through Airdrops Discussing innovative ways to encourage community involvement through airdrop campaigns.

Time: 01:10:05
The Power of Strategic Business Proposals Highlighting the significance of well-prepared business proposals in crypto collaborations.

Key Takeaways

• DAO collaboration possibilities between Tork Labs and Bit-Chess are promising for community engagement.
• In-depth discussions on the potential impact of the partnership on blockchain gaming and DeFi sectors.
• Insights shared on integrating decentralized governance models for strategic decision-making.
• Exploration of innovative approaches to incentivize participation through airdrops and giveaways.
• The importance of business proposals for fostering partnerships and collaborations in the crypto space.

Behind the Mic

Introduction and Greeting

Hello, this is Pradeep. Hey, what's up? What's up? Kong here. Hey, Kong, how are you? I'm very good. What about you? I'm excellent. Looking forward to it. I think this is a monumental time in our lives here, and I'm looking forward to sharing our thoughts with you and the audience. Same, same here from my side. And let me just share this in my telegram and everything. And then once we see more people coming in, then get started. Wonderful. All right, now that more and more people are joining in and everything is getting ready, so welcome, everyone, to our spaces. Today we're gonna be having a. And I don't wanna get ahead of myself and share too much about the project because we actually have someone from the project here who's gonna be more than happy to tell us all about it. So, yeah, say something.

Engaging the Audience

Say hello and let us know, guys, if you have any questions in the comments. And I'm giving the stage in the intro to our guests and also speaker. So thank you, Kong. And hello, everyone. It's good to see a lot of familiar faces from the solved community. Thank you for supporting us over the years and joining us again on a Sunday morning. I'm very excited about this particular session with Kong because I believe that we have arrived both as a company and as a organization, as a society at some very important and fundamental crossroads. And what we are all trying to do goes well beyond just technology. It goes to, really our future, our children's future, and in many ways, future of humanity. So this is a really important time for all of us to pay close attention to how we live, how we operate, how we function in this new digital world, and what our role and what our responsibilities are and solve is taking a very fundamental look at what needs to happen for us to have a just society, a society that we actually want to live in.

Reflections on Society and Technology

So this is a really big deal. And it's even more important right now more than ever, with the looming AI and what that represents for us, both in terms of opportunity and threat. So I'm super excited both about what needs to be done, what we are doing, and what our role is in the future, and the possibilities of having a much better world for all of us and for our kids. So this is very foundational to me, and I really appreciate you all joining today. So I'll turn it back to you. Yes, exactly. So I'm also very happy that you guys are here, and I mean especially for yourself as well. Very excited to have a talk. And. Yeah, well, as it says, an AMA with you, and especially to get to know, solve a little better and to understand it, what it stands for, and I guess also what it solves. I hope someone gets this joke. Exactly. So let me know, how did you get started with all of this?

Origins of the Project

What was the initial idea of the project? And then basically, how did this idea grow to what it is right now? Sure. So, of course, we all are a product of our history, so I'm no different. I have spent 30 plus years in working on very large scale public health projects which affected the lives of hundreds of millions of people. And it was, these are noble causes, things that you wanted to do right, so that people could get better care and better choices. And with the position that I was in, it was truly an opportunity to impact hundreds of millions of people at a time. And in that experience, it became clear that while the intention is often noble and correct and you want to help society and your fellow citizens, oftentimes the implementation of that vision is very different than the intent. Than the intended reality, the intended goal. Reality always bites. And one of the things that I noticed over the years, again and again, is that all efforts to build a just society, a better, more access, better access for citizens, for disadvantage, for the underserved, for the young, for the old, you always run up against the reality of the tech, and the tech always bestows the power in the hands of somebody.

Challenges in Public Health and Technology

And that entity always becomes the godlike creature who controls the outcomes. And this is true everywhere. Be it in government, be it in e commerce, be it in social media, be it in finance, be it in public health, be it in education. The intermediaries determine the outcome, and they often dictate the outcome, which almost always is not the outcome. You wanted specifically to give clear examples. When I was trying to implement better public health programs in the US, you always ran up against the likes of IBM and Deloitte and Accenture and KPMG and Oracle. And they always wanted to sell you the tech that serve their bottom line, not the tech humanity needed. And because you have no other choice, because they all are selling you the same snake oil, you end up having to make do with that technology. And that technology is always perverse because it is centralized. Whether you have a cloud or a client server system, every one of those systems are built fundamentally to collect your data, collect your identity, to give you access to services that somebody determines that you deserve.

Understanding the Data Landscape

And essentially, it transfers control from the consumer instantly to some unknown power in the sky that you don't even know who they are. So this pattern repeats itself in every industry. Although my background was in healthcare, is in healthcare, this pattern is true everywhere. I mean, we see it all around us. You know, the convenience of connecting with our friends on Facebook is very attractive. But we pay the price with our data, with our identity, with our very existence being monetized by Facebook. It's cool to be able to buy things online and have them shipped to our house. But the amount of information that the e commerce giants collect on us and then they influence our decisions on what to buy is astonishing. Now, this may all sound like some esoteric problems to solve because they don't really affect my quality of life, but they will. They do. We just don't see it. Because when you think about the power of the data these people have collected on us, combined with the power of AI, they won't just control our decisions, they'll control our very existence. They'll shape our thoughts.

The Implications of Data Control

They will tell us what to think, and they will tell us what to do. And our society will feel like a very happy prison, more and more. So my experience in working in large scale public health projects, what I saw in terms of the automatic corruption arising from centralized control over data, identity and compute power is now spreading throughout. We see it in every aspect of our life. And that's why you see people being deplatformed. That's why you see people being shut out of essential services. That's why you have some brat billionaire deciding who lives and who dies. And we are becoming a very distorted society where we are trading convenience for our very freedoms. So I wanted to fight back against that in healthcare. Seven years ago, we started self care with the idea that we would build a more just it fabric, which, being a fabric, would not be centrally controlled and centrally influenced by anyone, be it Medicare, or Medicaid, or Deloitte, or Epic, or cerner, or McKesson, or Athena, or allscripts or CV's pharmacy or the insurance company, because all of them want to control our data, to exploit our data.

Foundational Changes in Healthcare

So I wanted to fix that problem, and we did. We did. We succeeded that. We built a fabric that really reverses the role of the patient and the provider from being a participant to being an owner. But now, when I see how bad our societal imbalance is in terms of users versus used, and users are getting used more and more by centralized tech giants and the brat pack in Silicon Valley, I fear for the future greatly. And so we decided to ask the question, well, if we can fix the problem in healthcare, why not everywhere else? And that's the pivot and that's the place where we are as a platform, as an infrastructure company, bringing our infrastructure to every part of human existence, not just health care, education, political sphere, and voting and elections, and energy and finance and transportation.

Rebalancing Power Dynamics

Everything ultimately needs to we restored to an equal balance of power between user and provider. And today we stand on the bottom of the mountain looking up and seeing these powers sort of look down upon us and control us. And that should not be the case. That need not be the case. And our approach to restoring ownership over compute data, identity assets to the user, we believe is a replacement for the entire IT infrastructure on the planet. And I believe that every app on your phone, every system in the Amazon cloud, every data center on the planet needs to be replaced with a fabric that's fair and just that, you know, is not exploiting you, that you consume that fabric for its data and compute and I, and logic, but you don't get used by it. So I think that we have to fundamentally change the way we operate as humanity and blockchain isn't enough.

The Need for Change

You need an application infrastructure like Sol. So that's where we stand. And I believe that the rest of my life is going to be given to bringing, restoring that equity and fairness to a society that has been lost. And that's where solar stands. I have to admit, I already love in the direction that this is going to about fundamental societal questions and how we function as one. Because from my history, I've been always very much interested in politics and states and all of this, things that make a society work and basically the way that certain powers are corrupting society and then just stealing data and stealing stuff and just making it to their own use. So I feel the fundamental problem that you were talking about here, really, from the bottom of my bones almost, because that is a huge problem. And not so many people are like at all caring to just simply to not even discuss it.

The Data Awareness and Its Importance

They're like, yeah, they're seeing my data, but I don't really care. But then whenever it actually comes out, what they all know and what they do with the data and how much they influence you without knowing it, that becomes even more scarier. So, yeah, I mean, the thing is, for data, obviously, we are in a very much data driven society. Even, I mean, pretty much everything is data. Of course it shouldn't be exploited and it shouldn't be stolen, at least without, like, not without our knowledge or some form of consent where we say, like okay, whatever. You can use my data. I really don't care about it. But, yeah, I have the feeling that not too many people are having this on their radar and really care so much to actually take a look deeply into this and, like, properly understand it, why it's so important. And I have to say, I really like what you guys are doing and especially to like, healthcare is one of the things where it starts from, and they do have a lot of misuse and a lot of things and a lot of cases where stolen data is getting misuse in very heavily heavy actions, especially in healthcare.

Exploring Solutions in Healthcare

And I like that you guys are, or doing something against it. And I would like to know and get, let's say, a deeper understanding of how exactly you guys are doing this and how are you making sure that, I mean, surely through blockchain. It's a very easy explanation, but as you already said, an application layer and basically everything that is connected to it. So I would really love to understand and get the community to understand of how your project is working from its core and how you're making sure and true to make. To make the data safe and not us getting exploited by these big corporations. Never. Absolutely. So let's look at three things.

Addressing Data Safety

To answer your question, I think, no, you know, to summarize a very complex topic, to really three ways to look at it. First is, you know, who has the data. Now, we always come back to and say, well, data shouldn't be collected with our consent. That's an incomplete question. Even if, when we give our data with consent, how is it being used and protected is an equally big problem. So one is data being collected without our consent and the other is being collected with our consent. But the risks are the same. And if we don't control that data, even if we have consented its use, then we are going to be exploited. Let me give you a clear example, a very personal one. Last week I got a letter in the mail, actually several, from a company called United Healthcare. Now, United is one of the largest companies in the world. It's a fortune ten company.

Case Study on Data Breaches

They have a subsidiary called Optum, which in itself generates annual revenue of Optum as a subsidiary of United, $222 billion a year. That's a little subsidiary of United. And Optum's job is to collect, process, and analyze healthcare data for every american. Okay? That's what they do. And every insurance company, every pharmaceutical company, every pharmacy, every doctor, every hospital uses Optum for their data analytics. And Optum has healthcare data for every single american in their systems. Now, you know, as a side note, I used to be in the. The company that Optum now owns called Change Health. I used to be their CTO many years ago, so I know how these systems work. So Optum writes his beautiful letter to me saying, we would regret to inform you that in a recent data breach, practically every single American's healthcare information was lost.

Concerns Over Personal Data Security

Now, somebody on the web knows about your children's diagnosis, their medical condition, their date of birth, their Social Security number, the name of their doctor, where your kids live, what prescriptions your kids took since they were born. All that information is now in the dark wave. We're very sorry that your nine year old son's entire medical identity and human identity has been lost by us. We only generate 222 billion a year in revenue from analyzing your kid's data. But we couldn't protect it. We're extremely sorry. And here is a punchline. Please call your local law enforcement office if you have any questions. Excuse me? You have violated my child's entire existence. You make $200 billion a year in revenue, and you're asking me to call the local sheriff's office to protect my kid? This is absurdity and insanity.

The Absurdity of Data Breaches

So not only do companies steal data from us, then they let thieves steal it from them. On top of it, I got another letter from the Department of health of the state of Florida, where I live, informing me that my daughter's entire medical records were stolen. All this is within one week, and her identity, her entire medical history, has also been lost. And please feel free to contact us at this customer service line, and we will let you know what you can do. And here is what we suggest. You buy her an identity protection service. That's how you're going to protect a 16 year old girl from her entire life's history, being available on the dark web for $0.35. Now, did we give consent to Optum directly to collect my son's data? Absolutely not. But we gave consent to some doctor to treat him when he was two years old.

Questioning Data Control and Consent

That pediatrician, that pharmacy, sold all our data to Optum, which then uses that information to almost print a quarter trillion dollars a year in revenue, more than the GDP of most countries. And they can protect the information that they're benefiting from. Now, I'm outraged. You should be. But outrage isn't enough. Outrage doesn't get you anywhere. The question is, why do they even have his data? What right do they have to adjust? Because we consented the information for a doctor to use for the duration of a healthcare episode. What right did the doctor have to sell that information to optum? And all of this supply chain of data that exists underneath the surface, where no matter what you do, all your information is getting monetized and then being propagated through this invisible data supply chain is a problem.

Solutions Beyond Anger

You're not going to fix this by just getting angry. You have to stop sharing your data. You have to say to the people, to these people who want to offer you services that send me your service to me. So now that brings us to how do we solve it? But the first point is data consent isn't enough. Guys, stop worrying about consent and regulation. Neither will protect us, and they're not designed to protect you. Consent is only a legal veneer to collect your data at the inception. After that, where it goes, you have no idea and nor will you ever control it. So the only way to protect our identity is to not share it. Second point, if this data is being monetized for public good, and let's say that one could argue that Optum's use of my son's diagnosis is good for public health and is being analyzed to figure out how to help other kids, then where is it our share of that analysis?

Economic Aspects of Data Monetization

Why is it that quarter trillion dollars year worth of profit or revenue that optum generates? We have no part in that. What are we supposed to get out of that? Nothing other than please call the local sheriff's office when we ruin your life. So we have no economic, there is no data economy at all where the data owner has any role in it. Now, we've heard this said many times, or we'll build a chain and we'll put all the data on it. Come on, guys, that's nonsense. You can put all the data on the chain first. There is on chain data and off chain data. There's privacy and there's regulation. So you can't just stick all the data on the chain and say that's the solution. The real answer is a seamless ownership of data on chain and off chain with full control and custody over it for the rest of your life.

The Real Answer to Data Ownership

And people who want it need to borrow it from you without taking custody of it. We'll talk about that. And the third thing about this whole picture is the facility, the application, the utility for which we sacrifice our identity. The reason you share your data with anybody is because you need something. You want to buy a sweater, you need to get a prescription, you want to book a flight. Every single service out there that we rely upon as humanity demands data as the cost of that service. It didn't used to be like that, but it has become in the last 30 years, where anything we do requires us to sacrifice our data first and foremost. That's not by accident, that's by design, because that data is more valuable than the service they're selling you, that they're selling us.

Revolutionizing the Service Model

So instead of having to trade off between data and service, or access to whatever product, service, friendship, relationship, transportation, education, health, we need to change the model and say, I will not allow the service to consume my data, but I will consume the service against my data. And that's a fundamental shift that it has to enable. That's what web three was supposed to do, but it hasn't gotten there quite yet. And that's where we are driving hard to get us, where we are not just relying upon sticking everything on a chain. So now that brings me to my question. Your question of how are we going, how are we doing it, and how are we going to use our IT paradigm, our compute model, to build a more just computing fabric, and the fact that we've already done it.

Building a Just Computing Fabric

So the first is, let's reverse the it compute model. Today, you send your data to somewhere. You know, if you want to book a ticket, you type in your information into some portal, and that portal will then give you this product, the ticket to an airline. So you are sending your data to somebody else's compute. Let's reverse that. Let's have all the data sit in my wallet and let the booking application come to me, let the logic be portable, let the logic be an object that moves around the Internet. Let the application come to me, let it interact with my data in my wallet, which I control, which it need not take away somewhere and shove it in some database. But using my data on my wallet, using my personal compute, it makes the booking, and yes, some pieces of information are needed for it to let me access that service.

Reversing the Flow of Data

But beyond that is simply a matter of reversing the flow. Data going to application should be reversed to application going to data. And we have built the framework to do exactly that. We have built the notion of a totally portable application that can move around with totally transparent logic that lives on the chain. So don't put the data on the chain, put the application on the chain, let your wallet read the app from the chain, knowing that it's trusted, and let that application live in your wallet for the duration it needs to exist, and consume your data for the purpose the application was written for, and that you have no surprises on how your data is being consumed.

Data Control and Application Logic

So in a simple sense, but in a very profound sense, instead of data pursuing apps, where the apps are in the control of centralized powers, let the apps pursue data and the data is in the control of the user. So that's one fundamental it paradigm shift that we have made with the wallet and the node and the app and the data being in the wallet and the node and the app being sent to your wallet with your consent from a trusted source such as a blockchain or a trusted entity, and they cannot send you an app that doesn't have transparent logic, the app cannot have any secrets, the card cannot do things that it should not do because the logic of the card is on the chain. So we all talk about putting data on the chain, we should put logic on the chain and we should keep the data private. Otherwise, if it's on the chain, everybody's going to see it.

Independent Auditing and User Information Privacy

So what do we really want to show the world is what are you doing with the app? What the application is capable of doing, what it is supposed to do. So it can be independently audited and trusted. But nobody needs to know my information, only the app for the duration. It exists in my wallet, which is a few hundred milliseconds. So this is one. The second is to decouple access to the application from your identity. We have all heard of things like did and zero knowledge, and it seems like cool concepts. Oh yeah, sounds good. Don't know what did is, but kind of cool idea. It's a very profound and simple thing. The application should only know about me, what it truly deserves to know to perform its function. If I want to buy a sweater, you do not need to know my date of birth.

Minimal Required Information for Transactions

You do not need to know my preferences. You do not need to know anything other than perhaps a shipping address. That's it. So in that sense, every application should have a well defined, and does have in our new compute model, the ability to request and for you to grant access to only the identifiers. The application has just need for, not gratuitous need. Where I want to grab everything by Pradeep I can because he was buying a sweater. So let's figure out his IP address, let's figure out what zip code he lives in. Let's figure out whether he buys sweaters like this in the past. No, you only have right to certain information, and that's the information my wallet will grant you. So I may have all my identity in my wallet, but that doesn't mean that you get to see it just because you are selling me a sweater, or in a more involved example, and this is my favorite, you know, if I want to speak to a doctor, it is necessary for me to share certain information about the doctor, but not the level of information today the doctor collects.

Excessive Data Requests in Healthcare

Do you have any idea how much information you have to give them rights to just so that they will see that your kid and give them a Tylenol prescription? You are signing away your essentially life's worth of data for the benefit of just being able to see a doctor. That's a dystopian trade off. That's a faustian bargain. We can say, well, you know what, as long as my kid gets taken care of, I don't mind. But you should mind, because that data you have granted them access to is what ends up in Optum's coffers and gets monetized and lost and stolen in the end. So there should not be a trade off where getting an essential service from society requires us to sacrifice our very existence parameters, which can then later be exploited in perpetuity by somebody else.

ZK Proof and Privacy

So in this did zero knowledge proof? What I want to know is the doctor have a license? I don't really want to know the doctor's name till it is absolutely critically important. I want to know enough about the doctor to know this doctor is real, is well certified, is not sanctioned by a medical board, which I can get through ZK proof. So the application that comes to my wallet and says doctor ABC is available to talk to your kid or see your kid. I need to know as little about the doctor as I really need to know. And the doctor should know as little about my kid. Beyond the medical history. There is no need for them to know everything else. Relevant data, yes. Irrelevant data, no.

User Control over Data Sharing

And what is relevant or not is my choice, not the application's choice. The application can ask for the color of socks he likes to wear, but I should be able to say, no, thank you, I'm not sharing that information with you. So that granularity of identity disbursement for the sake of getting essential service or a product should be visible, transparent, and in my control, not anybody else's, not even the in the control of the application writer. They can ask for it, but I have every right to refuse it. The third part of this is my ability to pay. The single biggest control element on society that is exploited, and is done so in the name of preventing illicit activities, is your payment cycle. Who is paying whom for what purpose, and who is the intermediary and look, we have all heard of horror stories as to the intermediary is deciding whether you can or cannot buy a service.

The Role of Payments and Payment Systems

I am not in favor of building an infrastructure where bad things are done freely. But look, every free society is going to have both legitimate use and illegitimate use of any fabric. Knives are built to cut stakes and also used to murder people. We don't ban them because they have a dual utility. We need to build a fabric where our identity and our freedoms are not sacrificed to protect against a minority case where somebody is using it illicitly. Yes, there needs to be safeguards against that, but that's not the reason why we should sacrifice every single element of our human existence to a centralized authority. And payments are the single biggest point of that centralized control.

Trustless Payment Systems

So we all know the value of, you know, trustless payment systems, and I think they are essential to any just society, no matter how immature they are today. And we are very focused on that. And the solve token being designed to do both a market value and a fixed value. Redemption is unique in allowing for redemption models that really work in the real world, not just for the purpose of staking and farming. And then it comes to the last piece we covered the application coming to you. We covered the data custody and ownership, we covered the payment flow. But the most important thing that I think hardly anybody thinks about is compute.

Importance of Decentralized Compute

Now let me explain. You can build the best it infrastructure. You can build the reverse client server model where you are the server and everybody else in the world is a client of you as the server or you are the cloud, and they're all apps trying to connect to your cloud. We can do that. We have proven it works. But if you don't have control over compute, you have absolutely zero control over any of this functioning to your advantage. If you have to connect to an Amazon cloud or azure cloud, or you have to connect to a blue cross data center for any of this to work, then they have absolute control over all of this. So unless and until we decentralize compute, where you have the ability to compute as much and whenever you need in your proximity and for the purpose of your transaction without having any centralized authority, deciding whether you have access to their data center or not or their cloud is critical.

Risks of Web Two-Based Infrastructure

As long as we have web two based compute infrastructure powering web three, which is the truth behind most every web three project today, is that most of them run ultimately on web two foundations. All of them ultimately roll up to some digitalocean or Amazon or Azure cloud implementation. It is not web three in the least bit because some Amazon cloud administrator can delete your entire node or your entire data set or shut you out of it and exploit your data. Web two, infra powering web three is a tragedy. It's a travesty. It is the fundamental reason why web three is not trusted yet. In this way it should be.

Computing Control and Infrastructure

So we are very clear that compute needs to be part of the equation. Identity data and business logic or transparency of application logic is a given. But what is absolutely critical is that you also own your compute and it has no centralized governance over that compute. So those four things add up to what we call the true web three infrastructure that everybody needs. And none of this is achievable with just a blockchain. Blockchain is a wonderful technology. DLT is great, but it is not an application fabric. It's just a ledger. And yes, there's a lot of work happening in the blockchain space, but blockchain is not enough.

Four Pillars of New Compute Model

What you need is what are the four layers above the blockchain that I described on chain and off chain data management? Completely user owned identity with very granular disbursement of identity. Completely transparent logic that is immutable and transparent. And compute that I command when I need it without having to tap into any kind of a web. Two, infrastructure. Those are the four pillars on which I believe a new compute model and a more just society will be created or should be created. Because I can tell you, I don't want my kids to grow up in the world we are living in right now. This is insanity.

Societal Impact on Future Generations

We are slaves to the brat pack in Silicon Valley or the tech giants who decide what we should think and what we should do. And that is not the world I want to leave behind for them. So I am extremely clear, and so is the company as a whole what our mission is. And it's not just a mission. We've been working on it for seven and a half years and we are there where we now can singularly speak to these capabilities existing. So that's the long answer to your question, Kong. Thank you very much.

Role of Long Answers in Understanding

I do love long answers because that, I mean, in a way, this is the entire idea of the space, especially to give you the opportunity to have these long answers and to understand them and understand why this is so, so incredibly important. And I really have to say, like, this is absolutely insane. What you said in the beginning with the stolen data that you got us in your mail and that you should contact the sheriff's office. I don't think that these sheriffs are going to do anything about it. And this is absolutely insane. I cannot comprehend how people are just okay with this and just giving up so much of their data for absolutely nothing, for things that should be.

The Purpose of Data in Applications

It should be available to anyone without any data, apart from, okay, who are you and what's your name, and maybe your age? And that's it. And I have to say, I really like the idea that the apps would have to pursue the data and that we give exact allowances to the apps, to the data that they need or should know, and that this should enable us the services that we want to have. Now, the question would be, obviously, you said that these apps would. Would need to have a very, how do I say it? Very transparent logic within themselves, so that they're not secretly stealing the data and then saving it somewhere.

Ensuring Data Transparency in Applications

But how does it work in a bigger space? Whenever, let's say, you're booking flight tickets or you're booking a hotel stay, or maybe you're. Yeah, I guess tickets is a good thing because then maybe you'll get a prank ticket or something like that. And then, I mean, the app needs to somehow store at least a little bit of the data that you give to the app. Now, how would we make sure that this app is not just saving it somewhere on the site without anyone seeing it and then after misusing it and. Yeah, also in the other regard of why this would be interesting to these apps would at least, let's say, for their own analytics that they know.

Balancing Data Usage and Misuse

Okay, our customer base is in this age, this region, with more male, more female or whatever, and maybe just, just for themselves. I mean, there is some good usage for apps and for companies themselves, but how would we make sure that this is not being misused? Yeah, that's a great question. I appreciate that. So let's. This is quite clear, how to do this and how we do it. First, by how do we make application transparent? So you use the power of immutable ledgers and you put the application as an object on the chain, and that allows you to ensure that app has not been replaced or corrupted or modified without anyone knowing.

Ensuring Application Integrity

So app logic can be easily traced on the chain. The app logic itself has to be governed by a protocol which allows you to update the app and allows other parties to audit the app. So essentially, if you think of app as an object, then tracing that, installing, tracing and updating that object in a chain is a pretty manageable activity. So in our world, what we have designed is a protocol driven app infrastructure where the protocol defines all the metadata of the app. Who is the publisher? When was it published, what is intended use, what is data requirements? What does it actually seek to ingest?

Metadata and Transparency in Apps

What's this output, what is it trying to produce at the end of it? And whether this app was audited by a third party. So that it is something that you can count on as not doing things that it's not secretly, as you stated it. So, protocol driven apps make the apps transparent. That's the first step. The second is there are two types of data dimensions the app has to consume. One is your data that the app needs to interact with to perform its function. The second is a institutional data it needs to bring with it to be able to do the function. So if you are going to make an appointment with a doctor, it needs to know the doctor's availability.

Interaction Between App and Data

So apps can bring with them vectorized data sets, which protect the institutional data that powers the app, that's app's inherent content. So, app brings with it logic and vectorized data from the source, and it interacts with your vectorized data, which is in your wallet, in which case the app has the ability to perform this function uniformly, whether it's in my wallet, or your wallet, or in Alison's wallet, doesn't matter. That vectorization of my data interacting with the app and the vector data that it brought with it to complete its job is how we allow for very complex logic to happen.

Complex Interactions in the App Network

Furthermore, if you allow the app to be networked or interoperable between other entities, then you can allow for a much more complex app network where AB interact with each other and ABC transactions happen automatically. I make an appointment with a doctor, and the insurance company gets notified that they have to pay the bill. That's an ABC transaction emanating from an ab interaction. So we've been thinking about and designing this app fabric now for almost a decade. But frankly, I've been thinking about this for the last 20 plus years as to how one builds an application that is transparent, auditable, protocol governed, not able to do anything insidious, and has no ability to consume data it has no right to consume.

Building a Secure Application Framework

So, in effect, this whole architecture of applications and vectorized data with a protocol governing the application is non trivial tech, but it's not impossible tech. And that's what we have done for the last many years, perfecting that. Now, your question about do we allow for certain data to be collected as a function of the app? That's reasonable. In certain scenarios, it is okay for the app to collect certain information about me, but the data the app should have access to and with my permission, collect is non identifiable vectorized data, not my absolute data.

Vectorized Data vs. Personal Data

We should not allow the app to collect our direct data or our direct identity, but the inference from that data is what the app really needs. If the app needs to know, and we agree that the app should have the ability to say, well, I need to be able to collect information in a way that I can tell if more tickets are sold on a Tuesday afternoon than on a Monday evening. There are two elements of that. One is you don't need to know my identity to do that inference. And second, if you do that inference from my data, do I have a role in that inference? Do I get paid for it?

Framework for Data Inference

So in a nutshell, if you think of app summarizing this very complex topic, app logic should be on the chain. App should be apps behavior should be governed by the protocol, what we call the care protocol today. App consumption of data should be vectorized. Not absolute, not raw data, but vectorized data. And whenever it consumes my vectorized data, I need to know that, and I need to decide whether I want to be paid for it or not, or I can deny it.

The Power of Data Control

So it shouldn't be the absolute right of the app to collect such information, but it can request it, and I can grant it for monetary reward or not. So in a nutshell, it's all about restoring the power of data use, data collection, application logic, compute to the user, to you and I, and then letting the world be our clients, instead of we being the clients of every website and every social media network, and us being a client of every insurance company and a client of every bank. I am the server. You come to me with what you want to sell me or serve me with, and you interact with me on the rules that are fair and equitable.

Flipping the Computing Model

And if your rules seem wrong, I'm going to deny you access. So in that sense, if you reverse the model of web two, which is centralized control, to decentralize empowerment of consumers, you have to start with the fundamental question, why do we even share data? We share it because we want something in return. And that's the first chain bargain. You want to book a ticket, you want to see a doctor? Then give me your data, and I'll give you something in return, and I'll take a lot more from you than you realize. Flip it. Bring the data. I will control my data.

Data Control in a New Paradigm

I will give you access to a vectorized view of it, which gives you the ability to infer what you need to infer without knowing my data, which is a next level of ZK. ZK just tells you an absolute plus minus boolean answer. An inference on vectorized data gives you a lot more ability to make the decisions without needing to know my exact data. And then from that framework, you know, you can absolutely reverse the entire computing model. And that's what we're trying to do.

Custodians of Our Data

We are trying to flip the computing model on its head and turn us into the custodians. And compute owners and other people send us what they need from us in the form of an app that we allow with clear open eyes as to how that app interacts with our compute and our data. That's the fundamental premise. On top of that, you have payment capability. On top of that, you have identity isolation from the app. And on top of that, you have the ability to deploy your compute real time in a mesh for the period you needed without having a centralized cloud or server or data center authority.

Restoring Control to Humanity

And you get to where humanity has taken control back over the Internet. That is a really amazing answer, and that helped me to understand that. And I have to admit, I like the way that this is going into, like that there is at least someone working on this and making sure that there is an escape from all this centralized data and this absolute abuse of our data. But another thing that you were talking about, which also very much caught my interest, was about payments, because obviously my community here is more about trading and more about tokens and in a way also payments.

Exploring the Solve Token Utility

But it's also very interesting probably to understand the value of the solve token, and I believe also its utility, and basically what, and where the solve token is being used. And basically what possibly, I mean, I know from some legal point that there's no, that you cannot say what is driving the value of a token, but let's say at least what is driving the utility and the usage of the token. And especially what is the revenue model of the solved project, of your project, of your application.

The Revenue Model of Solve Project

Because the question why I'm asking this is something that I always tell in privates and sometimes in public on x, is that people should always look and try to understand the revenue model of a project. And if there is none, then you are the revenue, and basically you buying the token is the biggest revenue of the project. So I would like to make sure that this question is also answered for the community. And I would also like to understand in which ways is this different, what solve does compared to other blockchain based healthcare and data and yeah, mainly blockchain data projects out there.

Interest in Project Differences

So yeah, that's an interesting part from my side that I also would like to know. I think a couple of the listeners would like to know that as well. Yeah, absolutely. It's absolutely a fundamental question about what is the economics of any kind of a technology framework. And since we are talking about replacing every web two application system in the world, you have to have a very clearly defined value of the network and who are the participants, which then drives your token behavior as well.

Understanding Participants in the Ecosystem

So before I answer directly the token question, let's look at who uses the mesh, the fabric in terms of building replacement apps. So you have the average user, you and I, needing to do something in our life, and we need the right app to do that, be it a book, a flight, or make an appointment, or connect with our friends, or buy a book, whatever. So these users only need to know that in their wallet they are permitting an app to execute, to perform a certain function.

User Experience and Payment with Solve Token

And should that service require a payment, which most every service does, then you pay using the solve token. Now that's simply said, but it's very complex in the sense that am I paying solve at current market value, whatever the price of solve is at the moment in time, am I paying it based on the value, the solve that I bought six months ago? And when the user there is the service provider, when they redeem the solve, how did they redeem it and to what price point they redeem it? The price at which I made the payment, or price at which the redemption is happening at that moment in time.

State Management Challenges

So these are basically state management problems of payment, where a token has to be designed to deal with various payment states, preparing to make a payment, paying the provider, and redeeming what I sold my services for. No single token that we know of today does all that. State management, Pitsol has been designed to deal with all the scenarios related to acquisition cost, payment value at payment, point of sale value, and then point value at redemption.

Integration of Wallet, App, and Token

And given the design of the application and the user can accept the right mechanism. So that's something that's very complex, but, and just a token will not solve that problem. So we have built the wallet, the app and the token to work seamlessly in managing payment states. This is again, non trivial tech, but it's essential if you're going to really solve the problem of payments across every scenario of service provider, service buyer, and there's lots of states that you have to manage.

Essential Functionality for an Equitable Payment System

So state managed payment token is one thing that is about solved. But that's simply an essential is think of it as the payment pipe and the rails that you need to build an equitable, fair payment system. The second part of it is those who want to build apps. That's the second role.

Introduction to App Development and Tokenization

People who want to build apps, they want those apps to be available on the fabric. So anybody with a wallet can access that app and can activate that app against their data set. In that scenario, you need to have app publishers or app builders, and they have a certain responsibility to build the app, to get it audited, verified by the community or by authorities, and then to stake behind the app that they stand behind the intent and purpose of the app. So if you do bad things, there is a mechanism for people who are impacted by using your app, getting reimbursed. So there is the whole notion of app publishing and staking the app and securing it. So that's the second dimension of the solve. Tokenization is allowing the app builders to build, publish, get verified, and then stand behind their app and its purpose. That's your second dimension.

Complexity of App Networks

The third, more complex dimension is around app networks. Not everything in the world is simple. Not everything is an a and b transaction. A lot of things we do in life are very complex, and they require ABCD, ABCDE type of an interaction. A lot of things in life are team sport. They're nothing, one one interactions. So then you can build what's called an app network. An app network consists of multiple entry points into the network with different credentials. And those credentials give you access to different parts of the network and different apps in the network. So app networks are a much more profound implementation of a peer to peer app, where apps need to be able to interact with each other and manage state and exchange state with each other, so that three, 5730 people can be part of a transaction that requires their participation.

Importance of Robust Verification

And app networks require a different level of verification and staking, because here you're talking about a multi-role, multi-purpose apps talking to each other and talking to the wallets, all within the protocol governance. So none of these apps can do bad things. That's your, that's replacing basically enterprise systems. Because the reason enterprise systems are so centrally controlled today, part of the reason given by everybody, is, hey, but this is very complex. You can't just solve this in a peer to peer exchange, like a WhatsApp messages. This is way more complex. Yes, that's true. But then they can still be protocol governed, and they should be protocol governed and they should still be transparent, because ultimately you purported to serve me. And if you're doing this in a secret dungeon, I don't know what you're doing for me or with my data.

Transforming Revenue Models

So bringing all that complex enterprise logic is what app networks do using the protocol. And there you have a whole different level of governance and staking requirements for app networks. The fourth part of this is my ability to simply gift or transfer funds to people that I want to do so, and my ability to govern the usage of my funds that I've given to the other party, free, without any restrictions, or restricted to certain use or restricted to a certain app. And that's the whole dimension around, okay, what if I send my solved token to somebody else and they want to consume the solved tokens? Can they do that? Or are they, are, is this token only restricted for you to use it? Because I gave it to my kid, for example, she can use it to buy Sephora, but she can go out there to some other stores and buy things that I do not permit.

The Economic Model of Apps

So this kind of a permission based consumption of tokens is another dimension to this. All of this ties back to the question you asked. Fundamentally, what is the revenue model? The revenue model is you build apps and you publish them. And the act of building and publishing apps requires a certain commitment in terms of tokens from you which protect the users of the app. You can build app networks which again require a similar but larger commitment from people who built the apps, people who audited the apps, and people who secured the network with committing certain tokens to protect the users. And as more users join the network, you had to put more and more stake in, because if your network is serving 10,000 people, it's one level of risk. If you're serving 10 million people, it's another level of risk.

Trust and Accountability in Networks

So you have to secure your network, because today we are told, trust Mark Zuckerberg. He's rich, he's brilliant, he's a hundred billionaire. He want to abuse your data. Come on. That's the trust we are betting on. App networks should not be based on the reputation of the publisher, but rather finite stake of that publisher that secures the network. So that's the second part. The third part is allowing for the economics of the network to be defined and public on the protocol. And the fourth is my ability to define the use of tokens in the form of somebody else using them. So these are all the utility of Sol on the network. And how do we, you know, how does the revenue get generated? It's pretty simple.

Transactional Revenue Streams

You know, you can think of it as really two ways. Either is a transactional fee that is incurred for an app to interact with somebody's wallet. Pretty simple. You can call it gas because you're familiar with that. But it's much more than a gas fee. It can actually be a percentage of revenue, percentage of the transaction fee. So it's not just, you know, gas for writing a block, but it's actually about facilitating a transaction in the wallet. And what's the app going to pay for that? So gas. But think of it as super gas. And then the second part of it is the revenue model, is the publishing of apps and app networks and how much that does the protocol demand for that. So those are the two revenue streams, transactional revenue and app network revenue.

Vision for a New Economy

And that adds up to very significant amounts when you think about the fact that ultimately, if we want to have a just and fair society, we're going to have to replace every single app on your phone with something that's protocol governed, transparent and auditable, and that consumes your data to specifications of how data should be consumed. For the duration and the purpose, we have to replace every single web two app infrastructure, data center, cloud. So we're talking about basically global economy ultimately running on a web three infrastructure that is transparent. I'm not saying that we are the only one who will do this, but we are showing the way for others to follow. But end of the day, what we are talking about is a inverted compute model, an inverted data and logic model, and inverted ownership model, where you are actually the cloud, the server, the data center, the enterprise, and everybody else is a client of you.

Empowerment through Control

You as a human being, control everything that matters to you. And those who want to sell you something would interact with you based on rules that you both agree, and in that solve is a currency for both the transaction and the application. All right, that's a pretty long and good answer. I like that there is at least some form of outside, let's say, revenue model for this. Now, we've been also talking a lot about how that basically we would need to change this entire web two infrastructure, and change the way that the apps and everyone works. And I mean, obviously, this is an incredibly, incredibly huge task to take on.

Current Status and Future Plans

And the question that I have today that I saw from a couple of comments was on how far would this task are you already, like, how many services are already on your chain, on your platform? Is there, like, is there users? Is there things that are already being tackled? Are you already in talks with certain providers? Or maybe like more bigger providers, but you would get, let's say, at least multiple doctors directly to work in this direction. And obviously, what are your future, let's say milestones for at least this year and then the next year, as hopefully the big bull market is approaching the next year. But it obviously shouldn't be just limited to one bull market.

Collaborative Endeavors

What's the plan for the next couple of years and how do you as a project, obviously get to the states where you're able to solve once again this immense task of changing this entire web infrastructure where we're just being exploited from our data? And obviously, as I believe, this is not something that only like you by yourself are able to do installed alone. Is there any partnerships or any projects that you were partnering up with? Like what's, what's the goal plan on that side? How are you trying to solve this entire problem? Basically? Yeah, it is absolutely.

Proven Operations and Collaborations

Sounds really big because it is. It's not something we started to do yesterday. We've been working on it since 2000. 720 17 sorry. And although I've been thinking about how to do something like this well before blockchain existed. So this is something that has evolved and been tested and perfected over the years. Having said that, let's break it apart. So first is, do we have things working? Yes, there are already apps and app networks that have been built that are being used and more app networks are being designed. But the difference here is all the previous apps and app networks we built.

Community-Driven Expansion

Now we are publishing in the coming weeks the ability for anybody else to do it. So having made sure that the protocol driven apps actually work, that vectorized data in the app can actually be transported and consumed effectively, and that we can do multistate payment systems, all that tech had to be built and we built that. So we are not in a conceptual state, we are in a very much having proven it expansion phase. And expansion comes from community engagement. So where we stand right now in terms of the big picture is tech is largely built and proven.

Moving Forward with Confidence

A lot of use cases have been built on it over the years to prove that this model, inverted compute model, will work and it actually delivers business and consumer value while delivering on the core principles. This part you can put look in the rear view mirror and say, that part is done. Now where do we go from here? So now it's a question about partnerships. So we have signed a series of partnerships that have brought us the confidence that our model, our fabric, will actually deliver its inherent value.

Technical Partnerships and Integration

So if you look at the technical partnerships we have signed a series of web three partnerships that allow them to plug in their web three components into our infrastructure. Now, before I go any further, I want to be clear. Our protocol governed application infrastructure is not in itself a blockchain. It works with a blockchain. So in the past, we built our own blockchain, but now we have opened it up to, for any blockchain and every blockchain to plug in underneath our infrastructure. Because as I said, blockchain is not enough.

The Limitations of Blockchain

You can get. You will not replace web two compute and application and enterprise logic by having a resource poor, compute poor ledger, which is essentially what most blockchains are. And you're not going to be able to solve the world's problem by just sticking data on a ledger and saying, now it's miraculously more useful and effective. It's not. Blockchain is a piece of the new compute environment, not the compute environment itself. So our fabric allows you to plug in your chain. It allows you to plug in your compute.

Broader Applications and Access

Should you be a deep end provider or even a enterprise resource or a government resource. You can plug in your compute, but you can restrict the app to run on your compute. So you have blockchain partnerships. You have compute partnerships. You have did partnerships. People who are building did chains, which they are still pretty early stage, but they can serve a de-identified token to the. To the infrastructure and can make that available in the wallet. So underneath the application infrastructure are these web three players.

Bridging the Gap

And we are not restricting anybody from joining the infrastructure because we are the bridge between the chain and the actual user. We are the bridge between a deep end provider, an actual enterprise use. So we are the application fabric that the web three world has long needed, but never really built to sit on top of their web three primitives like the chain or the Dpen or their did chain and so on. So in that regard, we have already signed a series of partnerships for people to plug in their web three infra, and they're doing that.

Current Capabilities and Future Growth

But at the same time, we don't need everybody to plug in for our app fabric to be live, because it is live today. So in a nutshell, building apps. Yes, you can do that with the release of the good book, which will give everybody the complete access to authoring apps independently. You have the APIs to plug in your chain and your did components and verified credentials and your deep end fry if you wish to. We have enough to be live, we don't need more, but welcome everyone.

Expanding Use Cases

And then there is the actual use cases, which is what do you use this fabric for. So we have already launched Desi networks, which app networks, which are running and are enrolling tens of thousands of average consumers. We are launching new healthline network, which gives people access to a credentialed, zero knowledge interaction with a clinical provider. We are bringing in app networks around gaming, around social media. The point is, you can build today on our fabric, the web two replacement that everybody dreams about.

Diverse Options and Flexibility in Networking

And yes, you can choose underneath that, the kind of web. Three partnerships that you want to have in terms of which chain. The war between Solana and Polygon and Avalanche. Come on, guys. They're all different chains for different purposes, for different app networks. They will be either suitable or not. It's okay. You can deploy the app network on whichever chain. It's not a war. It's just something that you need to choose in the best scenario for your consumers and for your users.

Future Aspirations and Commitment

So, in a nutshell, as an application fabric, we are ready. We are proven. We are building apps and app networks and launching them in the market. We invite everybody else to do it, and we are also opening the fabric to be connected to any blockchain token. Did compute primitives that exist or will evolve in the future. But the fabric is there, and the apps are there, the app networks are there, such that you can go to market today, or you can go to market in a way that truly serves your particular scenario.

Acknowledging the Journey

As I said, replacing every web two infrastructure componentry will take time, and we don't need to replace every one of them to be incredibly useful to humanity. But eventually, there should not be any reason for any infrastructure to consume and abuse our data without our best interests at heart. That model, eventually is a shift that will continue to happen, and we are leading the path to make that happen. But, you know, somebody could argue, hey, this is a long journey.

Impactful Progress

Absolutely, it's a long journey. But you don't need to complete the journey to be immensely successful and to make the impact you want. We can start attacking the more invasive, more destructive behaviors of social media or of financial payments or of e commerce, and right away, you start to shift the balance of power back to the consumer. But I'm not saying that every single app is replaced tomorrow, but I'm definitely saying every single app will be replaced eventually. And we've already gotten the ball rolling.

Community Engagement and Questions

All right, very, very awesome. Now that we are probably going above and beyond the attention, specifically fan of many of our listeners, I wanted to give the opportunity for the community to ask a couple of questions, because I've seen some guys have been requesting to ask something, and I feel like this would give a little bit more interesting questions, like, from the community directly. Wonderful.

Engagement with Community

All right. Absolutely. Okay, so I see the first one here is Fury. I'm gonna let him talk right now. Okay. Hey, Fury, thing is connecting. I think you should be able to say something right now. Fury, just go ahead, ask your question. He's still in listener status on my side. Okay, now? Yeah, I just saw that about now. Okay, guys, do you hear me? Yes, hello. Hello.

Curiosity from Participants

First of all, glad I joined the chat, actually, the voice chat. I have one really, really interesting. Question, but I want it to be a short one because I was listening. This for an hour, and my attention. Is very low at the moment. So I'm curious to know, which are your biggest competitors. And why do you. Consider them as your biggest competitors? What do you think they are doing? Better or worse than you, and why.

Perspectives on Competition

We should go with you. So, in terms of our competitors, I think if you define the competitor as somebody who is trying to do what we are trying to do, we don't see a lot of competitors, but rather partners in the web three space. A lot of the web three industry ethos is to do what we are trying to do, and we provide the missing components that web three community needs to replace the existing centrally managed IT infrastructure of the world.

A Collective Approach

So in terms of competitors, we see more. The web three world is our partner, and we see them as all moving the ball forward in the same direction, except that the pieces haven't been put together quite like we have. In terms of we want to replace. I think we need to replace, as I've said earlier, practically every single business, enterprise and consumer and social media. And I a data consumer out there, which represents every sector of economy, and there are the same players behind each one of them.

Targeting Centralized Powers

So who we are really trying to replace, who the villain is, if you will not the competitor, is the current centralized powers that govern our existence, be it in healthcare or in education, and that's woven into the whole fabric of society. So we need to look, we need to fundamentally enable the user to say, I have an alternative to using your exploitative practices and in return for using your services. So who we want to replace is everyone, be it Facebook, or be it Google, or be it Microsoft or Amazon.

Vision for the Future

Every one of them have a role to play today in the control economy. But in terms of competitors, I think the real competitors for us will be future companies who say, you know, this is the right way to do it. I want to build my own fabric. I think that will come and we would welcome that. All right, very nice. Also, first of all, thank you for Fury for asking the question and thank you very much for answering it.

Continuing Engagement

We have one more guy requested our best. I think you should be now able to talk. I see it's connecting for him. All right, our best, you should be able to speak right now. And if anybody else has any other questions, feel free to come on stage and then ask right now.

The Global Landscape of Web Three

All right. I think web three is. Yeah, there we go. Oh, yeah, perfect.

Uncovering Technical Issues

Our best. We are not hearing you yet. Yeah, you gotta love x. I mean, it is a worldwide application. It's amazing that we are at least able to do that.

Introduction and Connectivity Issues

But once again, at which cost of information. Okay, let's see if our best is gonna be able to do that. We have one more. So how about Fari is connecting right now. All right, Fari, you should be able to speak right now as well. We don't hear you, Fariyah. Okay. Okay. Yes, we can. Okay. Yeah, I would like to ask, but. I would like to. I have a question. First time I bought solve coin. It's around 2021, in the middle of coffee time. So I read about the, I read the white papers. So I think I have, I like it. I think there's an idealism in. Solve. Want to solve actually problem in healthcare, which is about the price, about the administration fee, etcetera. So that's why I interested in solve.

Questions About Transition from Specialist to Generalist

But I don't understand why I, why you have been a specialist and then you turn to like generalist, I think, for right now. So what's the move? Is it your healthcare project meet a. Failure or something or. That's what I want to ask. Thank you. It's a great question, Fari. I appreciate you asking it. I am a healthcare specialist and I will remain so. Obviously, what you grew up with never really leaves you, as they say. You can take a boy out of health care, you can't take the healthcare out of him. And that's true for every industry. For us, this pivot is more about opening up our platform to its true potential beyond what we can do. So in healthcare.

Challenges in Healthcare Sector

And as we all know, it's the toughest market of all. From a regulatory point of view, from a regionalization point of view, from a trust and point of view, from a provider availability point of view, healthcare represents a very, very siloed market in every part of the world. And we believe truly that our application fabric is needed to make healthcare more equitable and accessible. And that vision will never leave, and we will stay on that course. But as we address the healthcare issues, we look at what the adjacent problems are, and we start to look at Deci as a request from many companies as to, I want to conduct more equitable, just research.

Expanding Beyond Healthcare

Or then people start to talk about, hey, how come I can't really deal with, how about transportation? And so on? So the point that became clear is two things. One, healthcare is a mission and objective, and we should stay on it, but we shouldn't limit ourselves to it, because we should let other people use what we have built in every other sector. So, opening up our platform, opening up its access points, its documentation, and as we go forward and rebranding it to a complete application infrastructure for web three makes sense, because you wouldn't want to build something that is useful and then say, well, I'm going to limit its utility artificially.

Enabling App Networks and Network Effect

The .2 is that by enabling all kinds of app networks, not just healthcare app networks, we drive much more utility to the platform and to the token. So we should do that as well, because it opens up a lot more users to come in. And, and the third and the most important point that may not be apparent is that when a user joins an app, or uses an app or an app network, using the wallet, they're automatically a user of every other app network that may be built in the future. So even as we are onboarding literally millions of users through the healthcare channels, those users are also consumers. They're not just patients.

Real-World Needs and Applications

They're also people who buy airline tickets. There are also people who buy books and have kids and want to travel and so on, and have to do banking. So why not exploit the effort, the investment we are making in onboarding patients to the wallet and allow that user to have cross functional utility. So it's called network effect. So if we already have this massive investment going on for the last many years in onboarding real world patients, those real world patients have other needs beyond healthcare.

Continued Focus on Healthcare

And those needs can better served if other people build apps for these users beyond healthcare. So, in a simple statement, healthcare is and will remain a key focus, but not the only one. By exposing the power of our platform to the web three industry, we bring the whole industry forward, not just advance the healthcare cause. And most importantly, every user onboarded is automatically onboarded to every other app as well, which creates this massive network effect that everybody dreams about.

Inclusion and Closing Remarks

So that's the reason why we're doing it. All right, awesome. Once again, very awesome question and yes, very awesome answer from you as well. Thank you very much, Fari, and thank you once again to you. And now let me try once again with our best because he is the one request open right now. And I think, orbass, you should be able to talk to us right now. Let's see if this works this time. All right, seems like our rest is still a little bit struggling. I know myself, the struggles with spaces and getting a connection to work sometimes it's really frustrating.

Engagement with Unknown Participants

We have one more guy, the unknown man. I'm kind of suits the, thematics of the day, a little bit for staying unknown and structured. Too much data. So maybe unknown man, try your luck if you want to ask something. Yeah. So hello everyone. I am from India. Hello. Yeah, we are able to hear you. So today I join you. I may not have too much knowledge, but I like to listen you. My question is, how can we educate. A small countries about the health care.

Public Health Education and Awareness

So that they can alert and seek the treatment? Can you repeat your question? How we can alert or educate? Sorry, home. Yeah. How we can educate small countries about the healthcare, so any kind of the. Pandemic so they can alert and they can seek the treatment? Yeah, well, that's a really excellent question about pandemics and about public health emergencies. And of course, the underlying principle here is two. One is data and the other is access.

Connecting Service Providers and Recipients

And I mentioned this earlier, so I'll repeat that. For us to do any kind of a large scale public health management, be it pandemic, or be it outbreak, other outbreaks, or be it just advances in medicine or improving access to general primary care, all of this boils down to a can we connect the right service provider to the right service recipient or the person who needs a service? That means that you, on our fabric, you can build basically a zero knowledge verified credential registry of every provider with a wallet who can serve a specific need in your country or across. So basically building a, a verified credential, zero knowledge registry or marketplace for services.

Privacy and Communication in Healthcare Systems

The second is to allow for vectorization of data in a way that we can assess health conditions without, you know, stealing or using the identity of the person, which is very easy to do now in our fabric. And the third element of that is the ability to achieve that peer to peer communication that allows for the referral and the communication. So typically in a small country, or large country for that matter, you will use distribution channels such as pharmacies, pharmacy networks, governments, public health organizations, public education communication frameworks, these are all channels of communication that you can tap in as through the fabric.

Building Blocks for Effective Public Health Systems

But in doing so, at no point do you expose your identity, which means more people are likely to participate if they know that their information will not be used against them by any of these channels. So privacy access, ability to participate in zero knowledge, credential networks, and the ability to communicate securely, those are the basic building blocks for any kind of a public health system. Awesome. And you can do all of that in the protocol today? That's.

Encouraging Education and Community Engagement

That's perfect. And, yeah, I feel like that there should be more of this for sure. Now. Unknown man, you're raising your hand. Please, please let us know what? Thank you so much for giving me this opportunity today. Surely. Sure. Thank you. Have a great day. All right, so. All right. Now, as it seems that I will try one last time with our best. If it works. If it doesn't, then we wrap it up.

Connecting with Participants

So let's see if this is going to work right now. Gm. Gm guys. Hey. Hello. Finally, it's working. Yeah. Good. Good to speak. Finally. How are you guys doing? Very good, thank you. Yeah, well, I've just been listening to all you guys have been saying, and health care is a very important sector of the economy.

A Personal Account of Health Challenges

As someone with some. With health challenge that I'm currently facing, I think this is a way welcome development for me. I'm someone living with sickle cell anemia and it has really been affecting my life all since I was born. It has really been ups and downs from one hospital visit to another. The financial aspect of it has been crazy. I hardly have any service because of my health challenges.

Navigating the Financial Burden of Health Care

I'm always in the hospital buying medication, paying doctors for treatment and all that. So when you. When I had some the conversations going around the healthcare on this space, I was very happy and interested, and I decided to, like, speak and talk to you guys about some of the challenges that we faced. Like, because of my health condition, it's really been difficult for me to be consistent on this space.

Seeking Alternatives and Opportunities

And web three is one thing that I know can give me my breakthrough in life because I have a web two job that I'm doing. I work as a. I work in a bank, as a cashier just to make ends meet. But the job is so stressful for my health condition. Having to attend to customers all day and the stress makes people break down a lot. So I've been trying to look for an alternative thing that I can do to get off the bank job because I really want to quit and do something that is less stressful but still giving me enough money to take care of my health and all other financial needs.

Personal Struggles and Future Aspirations

I'm currently, I'm 34 years old, I'm still unmarried, and they're still going up and down from one hospital to another. As I'm talking to you right now, I'm even having some form of crisis pain going on all over my body, but I'm just trying to cope with the pain. So I was so interested when the conversation around here was about health care. So I really want to like, know more about this topic that we're talking about and how I can actually what and what I can do to grow in this web three space because I want to make it as an alternative to the job I'm doing because the job is really stressing me and I want to quit that job and focus on the web three space.

Learning and Financial Challenges

But like I said, I'm a newbie and I'm open to learn. I really want to learn a lot because sincerely, it has not been easy financially for me. I hardly have savings anywhere. Any money that comes to my hands goes to the health care facilities just to take care of my health so I can be as strong as every one of you. So it's really not. Of course. And thank you for sharing your story and telling so much. Once again, personal data about yourself.

Exploring Compensation for Data Sharing

Now, the only question that I can form out of this story towards you from salt would be, is there technically a way that people with certain health conditions would be able to provide certain medical data or certain data and get some form of compensation from this? I mean, we very briefly hit the topic of a greater good of the data being used for a greater good for society. Now, possibly this going into this direction, maybe there would be some kind of applications that would actively be paying certain patients or certain people to share their data and their medical history and all this kind of things for our compensation?

Addressing Economic Constraints and Health

Let me know about that. Yeah. First, I thank you for asking the question or sharing with us your thoughts and your current challenges, and I fully empathize with that. A lot of people are constrained by their health conditions and their economic output or their economic success is tied to their health situation. This is very common. Doesn't mean it's okay, but it's very common. And I appreciate what you're going through.

Quality of Healthcare Tied to Location

The second is that typically we are bound. The quality of our health is bound to our zip code. If wherever you live and you grew up or currently reside, will determine the quality of healthcare you get, and that's not a fair equation. So one of the things that I can advise you to do is to leverage web three and fabrics like self care to look for healthcare that may give you better alternatives to improving your health beyond what you can get locally.

Decentralized Healthcare Access

And I mentioned this earlier, that we have launched, and others are launching as well on our platform, the decentralized zero knowledge credential exchanges for healthcare. And a new one is coming from our side, which gives you access to qualified nurses or doctors around the world for a very small fee through a chat interface that is totally anonymized, which lets you ask questions about how to manage your health conditions at a fraction of the cost you would be currently spending without knowing what you spend.

Improving Access to Healthcare

I'm quite certain of the fact that it will be cheaper. So in terms of improving access to care, decentralized application fabric of self care is designed to give different people in different parts of the world access to care they otherwise wouldn't have. And that's just one example. Same is true for prescriptions and devices and vitamins and specialty care and so on. So everything about healthcare that is fully centralized, we are trying to decentralize it by first focusing on what people need.

Encouraging Participation in Healthcare Networks

So you can download the wallet and look for new networks that will appear in your world. Because every network is geographically defined as to which country the network is visible in. And you will definitely see networks appear in your country in the coming weeks and months. The last thing that I will say is that web three also represents autonomy in terms of making money. And there are lots of ways, and one of which Kong mentioned, which is to monetize your data and data marts and data lakes where you can sell your data, will be an important one.

Supplementing Income Through Web Three

I'm not sure if I'm picking up some conversation from somebody. Conversation from somebody. Okay, so in a nutshell, you can look at web three as a way to supplement your income by participating in various initiatives, refer and earn promotion. Some of our networks give you revenue or gives you income for promoting and communicating and advocating and evangelizing the networks. So those are type of opportunities that exist for you to supplement your income.

Prioritizing Health and Wellness

Thank you. But first and foremost, take care of your health. And I certainly think that what we have built and more that's coming on our platform will give you better healthcare choices. Kong, back to you. Oh, yeah, sorry, I had myself muted right now. I was just saying, Costa, you were raising your head. Please let us know if you have any question.

Acknowledging Contributions and Closing

Oh, man, Costa. Costa is a fellow Kol. That's why I thought he was jumping on and wanted to possibly know something more detailed, but apparently he's been talking to himself for somehow else. All right. Yeah. I would say before we absolutely go be above and beyond any possible attention span for anyone listening here, I would like to thank first of all and everyone who joined and still is here, and especially the guys who asked all the questions and made all the comments below and everything.

Insights on Data Utilization

It was very interesting, to say the least, to learn and to understand so much about data and how important it actually is to make sure that we are not being exploited. And especially I feel like this is what we are doing here in web three. We have this possibility with the power of change, these exploitious ways of the big corporations, of these billionaires getting richer and richer, jets on top of us and just from our data and everything that they used to manipulate and do to us.

Supporting Ethical Data Practices

And I feel like it's very important to support projects that are working into the direction not of becoming billionaires themselves and exploiting your data once again, but actually helping to find this current standard which is beyond and flawed and actually trying to make a good difference in this space and also in this world. So, yeah, everybody, guys, go ahead, give salt a follow that is of any interest for a couple of you guys.

Concluding the Discussion

And yeah, I really have to say thank you. And that was really an amazing AMA to happen. I was very happy to have hosted it today. It was my pleasure. And thank you everyone who came and listened. And I certainly encourage you all to follow Saul on Telegram, on Facebook, on other social media, but more importantly, download the wallethead and use the wallet to see what apps that are already there.

Looking Ahead in the Web Three Space

Keep an eye on more apps are coming. And remember that the wallet is all about your ownership, your custody and your choice. And our job is to attract as many more app builders to the platform, which many are coming and many more will. But the real objective here is to restore the rights of a human being, which is ultimately what this is all about. So thank you for supporting us.

Final Appreciation and Goodbye

Thank you for following us. And thank you for listening. And Kong, thank you so much for. Organizing this AMA, of course, thank you very much once again, and catch you guys on the streets of crypto Twitter. All right, see ya. And on to the next one. Thank you. Thank you.