Hello Berlin, everybody were standing here, so I guess I supposed to stand here too
The Internet has a fundamental problem
You don't know you do not know if it's true or not. True what you're reading
So the Internet has a trust issue whatever data you get presented over the Internet
Can you prove or can you be sure that it's true or not whenever you see data?
Can you be sure that it's real data realistic data or it has it been manipulated?
well
He said yes, you can trust it. He said that very long time ago, which is what I like him for not only that
The other interesting quote that I have regarding when Mark Andrews seen this is the guy in the background he invented the Netscape Navigator
He's one of the most famous
VC's in Silicon Valley when he heard about blockchain and understood the
Concept and now you hear the buzzword for the first time. It's about blockchains
He said this is it. This is the break breakthrough. The blockchain technology is the underlying technology that can automatically generate
digital trust
That's what I'm doing. Well, that's what we are doing
Blockchains power the trust economy so we can in the future by using blockchain technology
Automatically trust data that is stored on blockchain so that get handles gets handled by a blockchain so you can use
blockchain technology as a temple proof repository it can eliminate
intermediaries
Intermediaries if needed and it can provide frictionless exchange of digital edges. You've probably heard that
many many many times
There's a lot of use cases out there that are being discussed
I just recently talked to an analyst from Forrester who told me there's
Probably a few thousand running proof of concepts in Germany alone with block chains and 95 of those will be dead in 12 months
which is not a problem to be very
Honest because it's a very new technology that we're playing around with and that we learn a lot about so investing into that
Is an is a very important thing because the technology has a huge potential it can
Be used in supply chain management
Situations, which is what we are already doing in the pharmaceutical
Industry and in the United States, we have certificate certification of provenance proof of authenticity
Which is very interesting
for example
If you're handling satellite imagery and you want to be sure that these set images have not been
manipulated when you look at them and these kind of things verification of
Identities and so on block chains on the other side
I have a huge downside and you may take pictures, of course
But you can also ask me for my credit a business card and I will send you the presentation afterwards
I'll be I'll be back there for the next 15 minutes after the presentation collect all your business cards and send you the presentation
Scalability is a big thing Bitcoin. For example handles five transactions per second globally for a database
That's nothing cost a single transaction on a theorem cost of roughly one point five dollars on Bitcoin equals to 25 dollars
It's crazy expensive
Interoperability is an issue and data privacy whenever you store anything on a blockchain you cannot delete it anymore
Never ever again and everybody who has access to that blockchain has access to the data in the blockchain
So you probably do not want a store
Data that's related to persons on block chains because you're immediately in a gdpr discussion
We on our site overcome just these limitations scalability cost into a probability and data privacy
How do we do that? We provide an API in a technical engine that is very easy to integrate
You can send us our technology hashes. We bundle those hashes from various applications
It's a very simple REST API on top of you and we connect down there to various block chains at the same time
So what we technically do is we take hashes of your data bundle those hashes
tremendously and store the bundled hashes on block chains to make your data provable to make
You be a to bring you in the situation that you can prove that your data that you're presenting to somebody is not
manipulated to make your data auditable
Is there a market?
well, people say there's a huge market 3.1 trillion by 2030s what gartner predicts don't know that comma you're going to be true but
At least there's a lot of noise in the market you have also to understand that for example alone in China
Which is one of the discussions that we had this morning
They invested 30 billion u.s. Dollars into blockchain technology and blockchain startups in the last 12 months
30 billion only in blockchain
Do we have competition? Yes, we do but they are not as good as we are
Do we have milestones? They said I have got a present only 10 slides. I have 18 so I go to Russia
Yes, the company was founded in 2016. We do have it was funded in Silicon Valley actually
By a bunch of older guys, which is why they hired me because I'm gray-haired tip
We got s AP certified so we have a close relationship to ASAP, but we are not bound to them
We launched
late last year
And we have a subtraction in Europe. What do we sell as I said you can store hashes. It's a SAS model
So actually you pay for every single transaction that you store on the blockchain through us a friction of a cent
So the overall cost of blockchains is our operational cost for you. It's just pennies
Are we looking for money? Yes we are
we're currently running a serious around we have raised already 2.1 million of the
5 million that we want to raise in the US and we want to raise at least 2.5 million with strategic investors here in
Europe to grow our traction our sales here, too
That's the team as I said a lot of
Guys that are quite experienced for us in Makkah. For example, the second to the left up there is the CTO
He's a professor for cryptography and blockchains in the University of Berkeley
As I said company was founded 2016 digital process our core technology
And we have quite some experience in crypto
We're gonna have to think that big old wonderful ladies general chance to get the crew to work just in time
You
