Hypergraph Hour Videos

0:06 all right benjamin you want to kick this off yeah absolutely elise i really appreciate you pulling 0:12 this together and uh all of our friends over at bad crypto and uh everybody that's been working hard to 0:19 orchestrate all the random things we got going on i know that lattice was an unexpected drop that hit 0:25 us this summer and has in a lot of ways fragmented the messaging a little bit 0:31 and i think that what we really want to do during this call and in a push towards the end of the year is 0:37 to bring that messaging back to to dag because dag really is the foundation in which lattice 0:43 has spawned and i think it would be great for us to kind of clear up some of that confusion if possible and that really is on us as far as the 0:50 onus of making this uh crystal clear and we're really excited to be here so those that don't 0:55 know who i am i head up business development i'm a co-founder and i'm joined here um by our ceo and fearless leader mr 1:02 benjamin jorgensen so uh yeah and of course we also have another co-founder altitude brown on the 1:08 call just want to give him a shout out because i'm such a big fan of course so thanks for having us elise 1:19 and so i guess um you know i don't know if there's somebody that's asking me these questions or is the best way for 1:24 me to go into the dock and just start answering them one by one what's the best uh approach 1:29 to this is there anything that you want to 1:35 educate the community on or do we have any updates that we need to 1:40 let them in on yeah yeah absolutely you may jump in there really quick yeah 1:46 yeah benjamin yeah um i think uh recently i i mentioned in our channels that i'd be 1:51 giving an update uh today kind of a i don't want to say a state of the union but 1:56 kind of a level set on everything that's going on between the different organizations and um benjamin is going to today kind of 2:04 give a uh an ama so we figured that we'd push off till tuesday for me to kind of give a state 2:10 of the union and what's in store for the next couple of quarters and what to expect between 2:15 lattice and constellation um i'm pretty pretty excited about all the developments that 2:21 the team has had over the past couple of weeks and um and there's been a lot of content 2:28 there's been a lot of press coming out it has been absolutely amazing and so i'm planning on i'm kind of merging 2:34 where we are with the tech where we are with the business where we are with marketing and how all this kind of comes 2:41 together in this grandiose vision uh that we see over the next year which 2:47 is a pretty powerful sentiment and i think we've created an amazing foundation 2:52 uh over the past few months that it's going to really propel us into 2021 in a very exciting 2:59 way um so for today uh going to hand it over to benjamin to to dig in and 3:06 let you hear from him since everybody gets tired of hearing from me all the time uh and then on tuesday i'll provide that 3:12 uh update that's kind of a full uh vision of where we are with the company and where we're heading 3:18 so i'll hand over the reins to to you benjamin or whoever wants to be orchestrating the 3:24 the ama and the questions sweet awesome thanks for that buddy uh 3:30 great yeah so uh as mr jorgensen had explained it's been it's been a pretty neck breaking year 3:36 and i know at the beginning of the year we talked about um you know 2020 really being setting 3:41 the stage for growth and what that means is taking stuff that was really kind of more 3:46 uh in theory or theoretical and moving it into true practice and you know for those that 3:52 don't know i'm involved in a lot of blockchain projects consortias different academia groups 3:59 and so i spend quite a bit of time week by week getting on the phone with folks and just kind of sharing war stories 4:04 about what's happening in the market uh and it helps me as a bd guy who really focuses on go to market to just 4:10 know that hey are we in an echo chamber here are we um are we experiencing in the market 4:16 what others are that are at the level of maturity from a technology that um you know uh resonates with where constellation is 4:23 at you know one of the things i think that our team is rather humble and shy about is that we had a huge launch when 4:28 it came to mainnet this year we're one of less than a dozen networks blockchain networks in the world 4:35 um and that matters when we're talking thousands of crypto projects that you're looking at on coin market cap 4:40 or anywhere else it really comes down to us trying to force the narrative over 4:45 like hey let's pull back the project and look at the guts is there real technology there 4:50 and that's what i've been really pushing hard this year is is getting on the phone with not only a lot of constituents 4:56 from a bd perspective and seeing hey where are you hitting roadblocks what is the market sentiment 5:01 you know what's happening in different industries because some are more mature than others and that has been very telling and so 5:08 going when you think about us going from a year of research to growth is how do we apply this 5:14 and to kind of fast forward through the whole process not bore you through all the different levers that we pull in 5:20 order to get an enterprise or federal engagement excited in finding that champion 5:26 the the roadblocks really come at devops you know devops has been one of the areas that we've noticed when it comes 5:32 to go to market with either a pr pilot or a proof of concept and moving that into production 5:38 it really starts getting wrapped around the axle around devops and i only mentioned that because that's important for us to start 5:44 wrapping our head around the utility and application around hyper graph versus it just being 5:51 something that's going to be the communication standard for the future while that's very lovely as a vision um we're starting to 5:59 really come from that 30 000 foot view down to where the rubber meets the road and for those that don't know what 6:05 devops is development operations which really okay you have a solution how do you get it to 6:10 insert it or find entry points to integrate it into your workflow to create 6:16 uh value um and so one of the things that was very attractive with the federal government working with us and 6:22 that's one of our requirements is that we're not allowed to make any changes to existing it infrastructure 6:29 and so i want that to really sink in for folks um you know think about that we're talking about an emerging solution that 6:36 really changes the entire landscape of how data is securely communicated and 6:41 for folks to absorb it it doesn't require them to learn how to code a smart contract in scala 6:47 to learn how to build a protocol from scratch and understand all the underlying rules so i just want to give a big shout out 6:53 to wyatt and what the engineering team has really put forth in their strong mission statement around making a 6:59 very elastic flexible tool so that when we get to those devops conversation which is like 7:05 great you guys have a valuable solution that we want to implement to our workflow to see it to realize 7:11 a value on the other side are we going to have to hire 14 new blockchain teams to be able to make 7:16 it happen or are you able to communicate with uh you know our our engineering 7:22 team that's working within existing data management solutions that they've already invested in 7:27 that we can just keep moving within our our sprints without having to create new disciplines and that's really 7:34 what ends up killing a lot of software deals for those that understand traditional sas which is the rip and 7:39 replace or migration of of a discipline sometimes can kill the workflow altogether 7:45 so um so that's been a huge focus for us and really making sure that we're looking at hey how do we take 7:52 these conversations i'm going to be very frank with everybody on the phone here there's been a lot of projects that unfortunately i've gotten down to the 10 7:59 yard line and they just die and we've had to look at that and that's why those constituents in other areas 8:04 we've wanted to talk to about why that happens and it is that devops we have to start speaking their 8:11 language more effectively and we've turned that corner so kind of going back to the year 8:16 of growth we were able to show what it takes from end to end to take a project or take a concept make 8:23 it make sense with the champion on the other side that gets excited and wants to push it over the finish line and now we're moving into 2021 8:30 which is the year of scale so you think about okay we got that one little idea around a playbook if you 8:35 will or a framework how do we make this one-to-many because i'm going to come straight out and say 8:41 constellation's not interested in being a services company we're not in the the business of being a a scalable 8:46 consulting company that's not saying that we're not going to do consulting and concerns and services early on to get that 8:53 flywheel going but we're really aiming at a one-to-many uh vision which is how do we work with the 9:00 world-class system integrators uh and that would be folks like accenture or 9:05 or deloitte or pwc these folks that have built practices around certain capabilities that are looking 9:12 for new solutions that are going to give them a leg up and we're not talking an incremental leg up where it's just like great we're able 9:18 to process transactions three percent faster but things that literally change the game 9:24 and a lot of those things that are forcing the game to change are coming upon us due to a lot of growing regulations 9:30 bulk data creation changes in the environment i mean think about how many people are working from home now 9:35 and so all of a sudden industries are having to be agile to find new capabilities to be able to meet 9:41 those new uh demands in the market and so that one to many is our vision i really want that to sink in with the 9:47 community is okay there's groups within the federal government like lmi 9:52 ses cgi of course they're all three-letter acronyms but these are the flavors of folks that 9:57 are ex-military that see promises in emerging blockchain solutions or ai solutions or machine learning solutions 10:05 and they know the hurdles and red tape um that you have to jump through within the federal space and so we're 10:11 partnering with those folks to break down those barriers and i'm not gonna lie it's been really nice going 10:17 from being the guy that's knocking on doors trying to get people's attention to us pivoting over to being kind of the 10:23 uh the hot girl in the room that's what he keeps saying is like wow uh it went from hardcore outbound 10:29 efforts to now we're seeing inbound efforts um i would say at least once or twice a month i get interest from a 10:35 third party that we've never even really talked to that's interested in including us in one of their efforts because blockchain is a 10:41 key solution capability within a larger solution as a mission critical component 10:47 so um i know i'm talking just kind of open here but i just wanted to kind of enrich folks in the business side here 10:54 because that's often the area that i've seen across these projects get overlooked everybody gets 11:00 hooked up on the the token price they get hooked up on are you partnered with somebody big like 11:05 tesla or paypal and i'm not saying those names aren't important but you gotta understand that the commercial maturity of some of these big 11:12 solutions that are currently being traded in the traditional stock market are having to take a step back and look 11:17 towards those partnerships and strategic alignment alignments we've made with 11:23 with partners that may not quite make sense from a foundational perspective and you know when i talk about those 11:29 existing data management tools that's why you see names like uh you know god 11:34 bless them uh and and some of these other major cloud providers like a cloudera or a 11:39 databricks um you know snowflake you'll hear these names that traditionally don't get thrown around when it comes to the 11:46 engagement or application layer because these are infrastructure tools that the entire world relies on 11:52 to take you know very complex systems and stacks and make them usable and effective in 11:59 market needs so i just wanted to frame up as between now and the end of the year 12:04 i'm very happy to hear that we're going to be sprinkling out a few announcements here and there um 12:10 and we're not going to be slowing down on those going into q1 of next year and i apologize that i haven't done a great 12:16 job of exposing a lot of the work that i've been doing over the last six months and that's something i'm dedicated to changing 12:22 that said while i am going to be putting a lot of effort and focus on these these strategic partnerships 12:28 and alignments with standard folks and different uh you know universities and consortiums understand that that's 12:34 the binding standards foundational framework that the us air force looks to 12:39 as a requirement to even work with us you know so um as we move into first quarter of 2021 12:46 i'm gonna start putting a lot of effort and emphasis on the ecosystem around hypergraph 2.0 and what that means is 12:53 uh again foundational partnerships that allow us to grow now we're looking to scale since we have 12:59 a lot of these relationships in place that will disclose over the next several weeks to a couple months here 13:05 and then we're going to be moving into hyper graph 2.0 which is really around state channels and i know i keep using 13:11 the term state channels we're a state channel company and i'm going to just come out and say we haven't done a great job as a company 13:17 of educating you all on what state channels are um i'm not gonna lie it took me 13:23 a better half of the first uh my first half of my tenure at constellation to really demystify 13:30 some of the the beauty that wyatt has put forth i'm going to come out and say i'm not a data 13:35 engineer but at this point i'm pretty much an honorary engineer i've learned so much but 13:40 i've learned enough to know that what we have is something very special blockchain really exploded because of 13:47 smart contracts don't get me wrong the immutable nature of bitcoin the notarization of 13:52 of transactions and validation and encryption of transactions very powerful stuff 13:58 that really opened up people's minds and then boom smart contracts come out allowing for the orchestration of 14:04 multiple parties multiple technologies multiple users within an ecosystem 14:10 that is run by a distributed ledger however everyone here knows or at least should know that smart contracts kind of have a a 14:17 limitation and they hit their uh renaissance rather early and while i think that ethereum is doing a great job 14:23 of writing that renaissance out it hasn't really peaked beyond what its capabilities were out of the gate 14:30 and so one of the things i mentioned in um in telegram a little while ago is that i like to and i'm trying to 14:36 uplevel it so we're not using such granular hardcore technology speak moving into 2021 that's 14:43 on us and it's up to us to get out of that and start to make this very easy whether that's metaphors or 14:48 analogies and one of the things i said in telegram was that's smart our state channels are like smart 14:54 contract uh the superheroes of smart contracts and that's really what got us into the 15:00 u.s air force was around our ability to deploy state channels in a very 15:06 meaningful way so start to allow your brain and i don't expect everybody to like get their head wrapped around it right now 15:12 and again we have a lot of educating we have to do to ramp up to hyper graph 2.0 and why state channels 15:17 are really going to blow ethereum out of the water and be the backbone of modern development in 15:23 blockchain but i will say that just get used to the idea that what state channels do is very 15:28 interchangeable with smart contracts but there's a lot more depth so when you think about smart contracts being able 15:35 to cryptographically secure ledger ballots we're able to cryptographically secure the contents within that and apply different levels 15:42 of security within the contents of that that that ledger and that really applies deeply when we look 15:49 at our work that we're doing say in the federal space where the moving of data is less concern 15:54 to them around it being ip oh if this data gets leaked there goes rip somebody's going to steal our ideas 15:59 and make money we're going to be out of business but rather high security threats they want to ensure that if something 16:05 that is a top secret clearance level it certainly cannot be put on some 16:11 random thumb drive or passed across the internet you know or whatnot can't be put on facebook 16:17 and so therefore they're looking to groups like us is like okay how do we take the promise of blockchain and that 16:23 immutability and that true hard notarization at the source and employ that against all this streaming data we 16:30 got coming in that has a whole variance levels of different security clearance and by 16:35 us coming into they said this this could be a game changer for us and they're willing to triple down on 16:40 exploring how we're going to unlock this capability so that hey guess what maybe top secret 16:45 data can go across facebook and i know that sounds like a wild thing but that truly shows the power of hgtp 16:52 so um i think that just kind of like to zoom out a little bit here because i know i'm covering a lot 16:58 we're going from a year of growth to a year of scale i understand how those seem a little bit different think about the seed spawning 17:04 and then us replicating it into a farm um that way so we're not having to hand hold every project that we do because 17:10 it'll burn us out let's be honest and so big part of that is how do we shift our messaging from 17:16 um uh hyper graph you know 1.0 which was our ability to really launch 17:21 um the mali wallet which has been an awesome success and a big shout out to everyone that pushed that effort 17:27 to lattice being something that shows how we're going to redefine decentralized finance 17:34 decentralized finance when it comes to taking on ethereum and some of their 17:39 inefficiencies in the existing model and so now we're pivoting over to 2021 17:45 which is i want to start seeing people get excited and start doing bounties around the art of what's possible around state 17:52 channels and while i still feel like that's going to be foggy for a hot minute when i start 17:57 rolling out in january of next year showing the true use cases and how to 18:03 define this it's going to hopefully get those light bulbs to go off and we're going to start to cultivate a lot of new ideas 18:09 so i know i've covered a lot here it's weird kind of just talking without somebody saying something back but i just want to ask ben i know 18:16 that uh you may have some thoughts here but uh do you have anything you want to share before 18:22 i continue nope i will i'll kind of share the update on tuesday 18:27 and i'll let you drive it you're you're the wizard here man thank you wow i will say i want to give a big 18:34 shout out to ben jorgensen he uh you know he's the reason i'm here and brought me into blockchain 18:40 and he's helped me really think much bigger so if i ever seem like i'm doing well it it's highly um because of ben 18:48 jorgensen so um and and i really appreciate that ben has given me the autonomy to run this 18:54 book of business the way i see fit and you know there's times we don't always see it eye to eye but we we do more often than not which is 19:01 awesome so thanks ben and thanks buddy so yeah you bet dude um 19:06 so as far as what mr diggles is in charge of i manage enterprise federal academia consortia 19:13 and partnerships you know and i will say that i'm going to brag for a moment because we don't do 19:18 that enough as a company i think that we're pretty humble and we often play the card that we're just happy to be here but let's be honest we 19:24 kick ass and it comes down to our team you know the four of us have the ability to execute uh as a founding team 19:31 uh than a team of 40. and i've seen it out of matthias i've seen it up wide i've seen it and i've certainly seen it out of myself 19:38 and while it has been really hardcore and a lot of work um we're doing it and we have to protect 19:44 our time and be very strategic and that's why that one-to-many moving into 2021 is so important 19:50 we can't scale every deal that's going to come our way because as this percolates and the news 19:56 continues to spread and that out or that inbound that's coming towards me of people wanting to involve our technology and their 20:02 products and applications we can't satiate all of that demand so we have to be very proactive about training 20:10 these system integrators training these different hosting environment operators um on on how to utilize our solution and 20:17 grab and go all the way down to our relationship with major cloud providers which i'll be sharing here in 20:22 the next few weeks and being part of their marketplace workflow so that we're an easy service that those that want to 20:28 you know deploy a state channel for security around transactions a very simple use 20:34 case that doesn't require high configuration you can deploy that from a marketplace app by just clicking on it and then 20:41 installing it and it invokes that api call and you're off to the races so the barriers to entry that we can remove 20:48 to making it easy as possible to deploy our solution and adoption across those that are 20:53 showing signs of really wanting it is the name of the game and we were looking to everybody in this 20:59 community to help us continually refine that that said as we're all we are a small team we have to pick we have to place 21:05 our bets you know for example um you know i'm only putting myself towards three consortiums next year 21:11 i'm just i don't have this the the bandwidth to do research anymore like research is great but my goal is focused purely 21:19 on adoption so if i sit down with a consortium it's like great we want you to join want to do this working group 21:25 if it doesn't have a clear plan or a phased approach to true traction and adoption i'm out 21:30 i'm out and you'd be surprised how many of them are just hot air and that's no dig on them that's 21:35 great they have their role but that's not the constellation way we are going to continue to double down on federal with the majority of our 21:42 efforts and i say that meaning if i was to sit down and do outbound or development efforts 21:48 at least 70 percent of my time week by week is going to be those federally focused and the reason why is that their ability 21:54 from my experience and those in my peer network their ability to absorb our solution and commercialize it 22:01 in short order is vastly more mature than what we're seeing in the commercial space 22:06 that said there are these pockets in the commercial space when i think about that other 30 percent i'm going to be putting 22:11 my time towards or i do put my time towards and one of the big ones which we're going to talk more about 22:17 in q1 here is around tax regulation and the the term that i dropped on that 22:22 that loom video that i put up a little while ago was real-time proof of compliance and 22:28 that applies to so many different things and i know that that seems kind of like a buzz term but let it sit in if you think about 22:34 something like a leed certified building as an example and this touches on mobility smart cities but let's just look at it as raw 22:41 development you have a building that's going up and it needs to be leed certified platinum and for those that don't know that's a certification 22:48 group that certifies buildings based off of their sustainable footprint in the world and if you're a 22:54 platinum that means you followed every different measure to ensure that that has the lowest footprint possible everything down to gardens up 23:00 on top of your roof and so forth that said is once they certify it there's no way of knowing if it's 23:06 actually still compliant because there's no way to actually audit that data however if the iot sensors and 23:12 everything that is being measured against on behalf of that compliance measurement 23:18 is being notarized using a standardized communications protocol they're able to see real-time proof of 23:24 compliance all the time real time so it changes the narrative from these auditors going from 23:31 hey we're going to go ahead and request an archive scrub it find out what's going on what's not to them having a 23:36 real-time situational awareness of what's happening around corruption what's happening around phishing 23:42 spoofing is any of the data missing what needs to be penalized or incentivized on that vendor or that 23:48 participant or constituent's behalf and so it doesn't matter if it's telecommunications 23:54 doesn't matter if it's retail heck even eco-tourism if a plane lands in spain the moment 24:00 they touch down they have to pay spain taxes based off of them touching 24:05 on base in their country and that orchestration of those tax auditors and managing a lot of that stuff 24:11 is very cumbersome and right now we're at the table with pretty much the well with the industry leaders on 24:17 helping solve this and there is a arms race to do it i constantly am talking about how this is 24:23 a marathon and not a race and that holds true and there's times i get frustrated with the community i'm just 24:28 going to tell you that right now i get on and people are asking when moon why doesn't this happen faster happen faster 24:34 and i simply want to shake those people and be like have you ever built anything and understand how hard not only is it just to deploy a 24:41 mobile app on an ios device and get people to use it let alone change the entire landscape of 24:47 how people are looking at their infrastructure from a decentralized approach but we're doing it and it's happening a lot faster in my 24:54 opinion than i thought it would and so that area is a marathon we have to keep 24:59 keep chugging away at it which we're doing and that's why the consistency is key in all of this 25:04 that said there's gonna be those moments where it's gonna we're gonna see these pockets start to explode like miniature 25:10 hype cycles that mimic the overall blockchain hype cycle we saw in 2018 where these decentralized applications 25:17 most of them which failed on icos built on ethereum are going to start to come back around and start to 25:23 look at other protocols like constellation that actually can hit those big data standards that actually 25:28 can deliver on the promises without them needing to deploy some wildly new solidity contract and 25:35 protocol that none of their developers and core team understand so um as far as 25:42 academia that's one of those things that requires a little bit of maturity but we have two sides to the academia coin 25:50 and again i can't uh iterate enough that you're going to see some of the names that i'm touching on as far as these 25:55 entities over the next several weeks but in academia the two sides are one side is how do we partner 26:01 closely with universities um and the one that i'm super of course bullish about is portland state university's blockchain 26:07 certificate program first and only in the world i'm the vice chair of that group and i'm doing a lot of stuff week by week there 26:13 but i just don't expose it because it's just not really the right time that said i'm working closely with 26:19 the students to create playbooks so that they can go forth and say hey i'm gonna work with you know moda 26:24 health a major health provider and educate their team on what blockchain is and what entry points that 26:30 they can find to utilizing these solutions within their workflow and so i'm doing 26:35 that with those students which is how do we enable them not only to understand what we what it is this industry does 26:41 but how do we get them to start creating entry points that aren't just research that's not just you know again 26:47 hooking up two raspberry pi's and showing that a transaction happened machine to machine i mean that's good 26:52 and all but then the other side of academia is partnering with them on federal research i am going to announce an sttr proposal 27:00 that we did with a university here in short order and they came to us you know they did 27:06 their due diligence over the last six months and they had a use case that required a very robust scalable blockchain solution 27:12 that has uh been uh publicly launched and has a main net and that's not a large list and so they 27:19 along with a few other universities a few that we turned down because of our you know lack of bandwidth um 27:26 have come to us to say hey we want to partner with you and and that's awesome like i said getting that inbound so that's another 27:32 area that we're going to be working with universities strategically is on the research of deploying our solution 27:37 within federal opportunities so looking um i mentioned consortia i mentioned federal i mentioned enterprise 27:43 and academia and then the last thing i'll touch on is generalized partnerships so generalized partnerships come in a 27:49 lot of flavors and that's why i mentioned the data management providers they're not the sexy ones they're not the ones that you hear about like tesla 27:56 and paypal like i touched on those those are coming and we have those relationships i can get on the phone 28:02 with anyone and that's not to brag it just shows that i have a strong network and i'm good at my job 28:07 and so it doesn't matter who it is i can get on the phone with them but we want to be ready and you have bargaining chips when it comes to those calls 28:13 and if i get on the phone with the head of business development for say paypal if i don't have a really tight ask and a 28:20 lot to show of well thought out calculated uh entry points to work together i'm going to burn that 28:26 relationship they're not going to get back on the phone with us and so this isn't just about getting logos it's about being strategic 28:32 so those general partnerships are going to be things that are around state standards data management tools 28:37 and so forth some of these names you may not hear of we also are partnering with emerging solutions folks that we've met 28:44 in our ecosystem that have really cool technology that can do stuff that that is that 28:49 can't be done anywhere else and these are relationships that we've learned from the federal government because that's a lot of where a lot of 28:55 this emerging stuff is living right now so i'm dedicated to continuing educating 29:00 everyone as much as i possibly can like i said i apologize that i've been heads down this last six months but it's 29:06 not because i've been uh out just lollygagging i've been working um almost too hard and so that's why 29:12 this next month the team is trying to take a little time if possible and we're going to use that time to take what we've built over this last year 29:19 and share it with you and start to turn that corner into hgtp 2.0 and start looking at how state channels 29:26 are really the game changer in this industry so um last thing i'll say is that i 29:32 i often don't talk about you know the token uh or exchanges um i i tend to be the 29:38 the least crypto person on the team just because i'm focused on tech those that know me i come from oracle 29:45 i've been in tech for 22 years um but i will say this and the team always smiles when i say it 29:51 crypto is the future the future is micropayments and those micro payments are all small jobs that will live as 29:58 microservices within these state channels and as we start to wrap our head around how these the utility of crypto 30:04 is going to play a role in those data channels i think folks are going to realize how special dag really is 30:10 of course there's a wonderful community that sees it for what it is now and we appreciate that you're in it for the long haul for us 30:16 but i promise you that we are going to be making sense of how the crypto works in the state 30:23 channel micro payments microservices um paradigm uh why it's been working hard on 30:29 a and and matthias of course on a tokenomics 2.0 paper i read it just over the last few days 30:36 and i'm floored i'm super excited uh mostly because it's just like 30:41 we keep on running into elements of possibility to scale this thing versus our competitors like an ethereum 30:47 that continually are finding roadblocks to their transactional throughput god bless them for what they did but now 30:53 that that thing is out it's tough for them to kind of reconfigure it to meet the standards of what the true market needs so i think this is a good 31:01 i've been talking pretty much non-stop for 35 minutes but um i'm gonna go ahead and pause elise um 31:07 how are we doing so far is there anything else you want me to expand expound on or how would you like to pivot from here 31:14 no um i think that was fantastic i bet everybody's really happy with that and i think maybe we should give them 31:20 the floor i think there was a couple of questions everybody had and max very excitedly said oh pick him 31:27 pick him so if you guys want to um just one by one and everybody can just 31:34 you're responsible adults so take yourself off mute um in camera 31:39 and we can take turns asking benjamin and ben and i'll teeth and anybody else on 31:45 the constellation and lattice team any questions that you guys would like 31:53 yeah hello my name is max cool i'm looking at this project and i'm 32:00 i'm excited the the whole space needs a fearless structure to make it able to you know 32:07 make the complicated stuff happen so i'm very psyched thank you and uh 32:13 my question is about company health like funding you said you're more concerned 32:19 with tech so maybe you don't know this but um concerning the capital how much capital 32:26 do you have left from the ico from the 33 million 32:32 yeah is that your first you have more questions than that maybe i can hit them all if you have more than just one yeah the other one is uh what what are 32:39 the promising expenditures you've made this time besides lettuce because lettuce has has been a huge 32:46 success obviously yeah absolutely so starting with the first question um 32:52 so we still have runway left from our ico um and that yeah has been a has been a road 32:59 uh you know i'm very proud to say it's funny because i get on calls with people i'm like hey one of our first things we're proud of is that we've been in 33:05 business for three years and we're still in business on like 95 percent of other blockchain programs or projects um 33:12 that said it's not been an easy three years there's a lot of hoops we've had to jump through listing costs um you know 33:20 scams i'm just going to come out and say that people have come to us that we thought were trusting and we gave money to do something and they didn't follow 33:26 through and we just have to play that game because that's part of of a new company 33:31 um but i give massive props to matthias as our finance manager to making it 33:36 possible because the majority of our money goes to engineering and engineering is 33:41 paramount that our roadmap stays on track and why it has never missed a deadline he told me that mainnet was 33:48 going to launch q1 of 2020 back when i first met him and it 33:54 launched the day before q2 on 2020 so very proud of him on that 33:59 that said we're not sharing how much runway we have left um but the difference between uh 34:05 the way we've structured our runway is that it's not beholden and tied to the token price so 34:12 if our token suffers or goes up that's not how we fund our company we're looking at traditional revenue 34:18 models for licensing our solution to your point in fee-less environments 34:24 so say that the us government wants to deploy a permissioned version of our solution it's exactly what they're doing 34:30 they now have a fee less environment but they're paying us a residual fee as a software license and that software 34:37 license fee is significant and that's why the one-to-many is so important because if we get a pwc 34:43 going out and managing a tax tax auditing solution every time they 34:49 deploy we get paid a license fee and so where crypto comes into that 34:54 becomes very interesting i'm not gonna dip into that right now but uh your second question was around lattice 35:02 being an exciting application built on top of of dad correct 35:07 yeah and uh yeah the question is what what promising expenditures you've 35:12 you've made so i know lattice and i guess uh reaching out 35:19 uh are there other well your other other other things you've 35:26 created there there are we just haven't disclosed them yet um so 35:33 one of the things we want to be careful of because we understand that the community is fickle and and i've trust me if you guys saw 35:39 the body count of how many projects i've been hustling it's it's pretty impressive but it would 35:44 also create a lot of uncertainty because i would be saying hey i've driven this project all the way to 35:49 the 10-yard line and then they dropped off and then folks will say well constellation mismanagement that's not 35:55 the case we want to be to a place like lattice where we've buttoned something up completely before 36:00 sharing it and i'm going to tell you right now is the tip of the hat this tax regulation application is going to be the first 36:07 thing that i'm going to be sharing details about here in the next two months so but i appreciate you buddy 36:12 thanks for your questions yeah sounds really good thank you and uh maybe one last question sure i was 36:20 wondering if the scaling solution does it mean that every node 36:25 is like a fixed transaction per second or do they like add on top of each other 36:32 horizontally scalable so um and so if you don't know what that means 36:37 um you know i i always talk about a flock of birds you know and you think about feeding a dragon a bunch of data like a 36:44 central server the more data you give it the fatter it gets the slower it gets and it becomes more uh you know uh 36:51 compromise you throw a spear at it in the head or the heart you take the thing down i look at horizontal 36:56 scalability like adding birds to a flock you see a flock of birds move autonomously 37:01 and you want to you want to scale it you just add more birds and it scales this way versus that fat uh dragon you throw a 37:09 spear at that uh flock of birds you may take two or three of them out but uh you're not taking down the whole 37:15 network so um so you have like one note it has like 10 transactions per second 37:22 and i have two nodes and then you have combined 20 transactions per second like you add 37:28 yes i mean so i think what would be helpful is for you to dig into the details of this because uh this isn't a 37:33 short answer okay yeah yeah but uh but happy i was able to answer a couple of your 37:38 questions thank you yeah it was amazing thank you yeah hey guys we're gonna try to cover a lot 37:45 of questions and cover as many people as we can so come at us with maybe one or so 37:50 questions really quickly so that we can try to reach all of you um ray i think you have the floor next 37:56 sir hi uh great from hillary's capital here 38:02 of course a big fan of constellation lettuce big fan of hills rise 38:09 well much appreciated um i thought i'd just drop in the other day i dropped a question in 38:14 the chat we recently talked to conflicts network which is a dag but proof of work 38:22 and they are backing an exchange called moonswap which is also an amm so i was wondering how do you see 38:32 non-ethereum based amms as competition or do you at all and how do you intend to stay ahead i 38:38 know you are working on proprietary algorithms which should suit assets much better 38:47 but i was just curious so yeah that's my question yeah i mean that's a great question 38:52 hopefully uh holy this isn't lackluster but i can't answer anything about amms 39:00 uh just because i don't i just don't manage the crypto side of the world 39:05 um so like some of these outfits you're talking about um you know i haven't heard of before 39:11 because i focus so heavily on the enterprise side so i apologize that i'm not gonna be able to answer that question 39:17 maurice uh thank you and i'll be back next time then yeah heck yeah i know matthias would crush that question but uh 39:23 perfect yeah i'll keep that in mind then and matthias will be here next week too 39:29 so and because we don't want to leave anything unanswered okay perfect thank you for your time 39:36 anybody else want to step up 39:47 nobody wants to ask anything else well i see questions in chat that i can 39:53 answer if you'd like yeah sounds great i think people are just being shy 39:59 yeah that's all right um all right so yeah there's questions around all these 40:04 partnership announcements they're coming out everybody just chill we're going to be dropping 40:09 them when appropriate here and so that's the answer to that one because somebody asked about the double digit 40:15 partner announcements and there's a lot here so let's see 40:21 dip into this question here would it help maybe if i read some of the questions that were submitted for the 40:26 ama would you like that yeah yeah somebody's got to ask me something here i'm i'm not sure all right give me a minute i'll dig them 40:33 up and i'll fire them off to you okay um i guess while you're digging those up somebody asked about uh space force with 40:40 airbus choosing x-cage as their blockchain secure communications in space we know pound here was also chosen by 40:46 the dod to secure data for another function what made uh space ice act choose constellation above 40:53 the the other two blockchain firms why didn't airbus and space force choose 40:58 constellation um so keep in mind you know and i think this is a good 41:04 a good message for everybody to keep in their head is there's no one protocol to rule them all 41:09 and i think that there's while i did speak heavily on us competing against ethereum from 41:14 a smart contract a decentralized application and a scalability and ecosystem perspective when it comes 41:21 to other outfits i'm cheering everyone on including every dag dag company i want everyone to win 41:28 because the pie is so big if iota just focused on iot devices that would give them a book 41:35 of business for the end of their life and we would be able to partner with them as a market leader dealing with that solution 41:41 where we could hook into them as a side chain so i don't want folks to think that like oh 41:46 space force picked x cage and then that's the end of it no just like us transcom chose uh constellation and 41:55 keep in mind us transcom is the largest data creator in the world that doesn't mean that the buck stops 42:01 with constellation in that relationship they have laws in the government that say that they cannot have 42:07 exclusivity and that there always has to be windows for competition for others 42:12 so we can go in and go say space force hey if you don't like what's going on with x-cage we would like to compete 42:18 against their solution because we have something viable and they have to let us in to compete it's part of the the u.s 42:25 law that said airbus being a french-focused company we talk with embraer a lot 42:30 we talk with boeing but we never talk with with airbus um not saying we wouldn't um certainly 42:36 interested in them but we talked to folks like lockheed martin booz allen i mean all these different groups 42:42 and there's not really a hurry for folks to just pull the trigger and make an announcement as if they decided to go 42:49 myopic with one blockchain solution we have a strong relationship with the 42:54 folks that pound here and they're great folks and they do really great stuff uh that said 43:00 you got to keep in mind that the data pi is bigger than you can ever imagine but however big you think 43:05 it is it's far beyond that and the amount of initiatives required to deal with that 43:11 is bigger than you can imagine and that's not really the problem of saying hey is there an interesting solution we can 43:17 apply the hardest part is getting through procurement getting through the red tape the system access the hosting 43:24 environment the can data where can we touch what can we touch it what clearance levels do you 43:30 have all those sorts of things so i am really excited about the space force and 43:35 what space isaac's doing i'm going to be making an announcement here in the next uh week or two about what 43:41 we're doing there and why they chose us um and they're also going to be making an announcement on us as well 43:47 okay keep in mind isacs are focused on security cyber security with multiple constituents in a collaboration 43:55 environment and we're the only blockchain solution that's focused on space as of today so 44:01 um so yes i mean as far as the cyber security side of things i should probably delineate there so any other questions 44:08 that i might be able to answer yeah i'll start reading some for you there are some general comments that 44:13 were made i'm not going to read those but i will read the questions from the community um user nason sats wrote has the dag 44:20 team contemplated shifting their project focus to a different use case with the explosion of d5 staking yield farming 44:26 creative tokens nfts multiple coin ecosystems etc and massive innovation which is laying 44:31 the foundation for global shift how we view our monetary system i wonder if dag is becoming less relevant as a number of impressive projects 44:37 continue to build at a blistering pace dag is more relevant than ever and it is 44:44 uh i just i'm let's just say i'm excited for this individual to read the tokenomics 2.0 44:49 um paper it uh i can't overstate the excitement i have over our technology 44:55 and it's the reason why all of us work so hard is because we've got something very special here and again i think that there's this 45:02 mindset of competition us versus them versus we want to hammer 45:07 into people's brains the ecosystem uh piece there's certain functions that are required from an 45:13 end-to-end data transfer or financial transfer that we simply do not do 45:18 we just don't and therefore we have to partner with the right folks to bring it together we're not going to get in 45:25 the arms race of working against another dag project to try to prove who has faster 45:30 transactions like i think that's a fool's errand um so no dag is more 45:38 relevant than ever and it is going to be inserted in so many different micro services 45:45 in not only in 2021 but as we scale so um get pumped on dag for sure 45:53 all right i think that sort of answers the second question um he uh also asks will dad ever be 45:58 interpretable with ethereum if not why if yes how when in my opinion he believes this 46:04 is a must maybe you want to speak to that um yeah so that's that's um on the road 46:10 map and that's something that you're going to have to talk to matthias about again you know this 46:16 tends to be one of the things that happens as i get on these things and everybody wants to talk tokens exchanges um monetary 46:23 finance all this stuff that is absolutely there's just no lack of this in the industry everybody's focused on the 46:30 money side of it i get it that's what makes it exciting but i want to see it shift more into like 46:35 the technology application of real world use cases and utility versus it being around finance finance 46:41 is not that interesting it's only interesting because money's attached to it take the money away and people wouldn't be that interested in it 46:48 so my encouragement is talk to to matthias and we'll bring him on to talk about some of those things that have to do 46:54 with the token side of things and finance cap to all of this 47:02 well one of the things that has been posted a few times since i did do a video last week mentioning you know the 47:08 announcements and the double digits um those are going to be like i said we're going to start rolling them 47:14 out as on the beginning of december um so just aged and you'll start to see things 47:19 drop we're not going to be making announcements of the announcements that's one of the rules we've made in the past that kind of bit us in the 47:26 ass so we're going to surprise and delight when appropriate um but just know that this is going to 47:33 keep happening into january 1st but i'm gonna i'm gonna put some pressure back on the community 47:39 because i constantly am getting pressure from you folks um i have people always hammering me for stuff and so i'm gonna start pushing 47:46 back and saying hey i wanna hear people starting to come up with creative use cases of how sleep channels work 47:51 how they can be applied to enterprise and federal and that's up to me to create those those frameworks and playbooks to give 47:57 you the the the ingredients required to help wrap your head around it but that is going to answer a lot of 48:03 these questions around dag utility micro services micro payments and most of all state channels 48:09 this is the pro project to watch when it comes to true big data initiatives so elise i don't know if you want to say 48:15 anything to take us home but i think we're in a pretty good spot for now yeah thank you guys for showing up for 48:22 everybody who acted very maturely there you know everybody's seen 48:28 they have nothing to do with their lives so zoom attacks are pretty popular great job they're very creative 48:35 but um as far as everything else i think everything went absolutely great i want to thank you all for joining us 48:42 and taking the time out of your day to ask us questions and uh for the ones that we didn't get 48:48 to touch on we will follow up with this through the week uh with articles blogs and discussion in our 48:54 telegram room as well as we will be doing this next week so um you guys all come back and join us 49:02 next week and um let's add value to this we want this to be very community driven 49:08 and uh we want your input so as long as you guys are happy and comfortable 49:13 that's definitely what we're trying to do with these weekly events so again thank you guys so much and we 49:19 will talk to you all online thank you 49:30 you

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