Good afternoon and good evening to everyone. I know that these hyperledger meetings span different time zones. So welcome to the kickoff meeting for the Capital Markets mortgage subgroup meeting. This is our first meeting and we're very excited to welcome all of you. Before we had started, I'd like to express our deep appreciation to VIPIN, the chairman of the Capital Markets Special Industry Group, where underneath their umbrella and to Karen, our hyperledger point of contact, she'll be speaking later on, but thank you to the both of you for making this meeting possible and all the help that you've provided. Okay, first a couple housekeeping items. Since this meeting is taking place under the umbrella of the Hyperledger Foundation, we ask that everyone abide by the antitrust policy and code of conduct. For the antitrust policy, please avoid discussions of company-specific pricing products and projects, don't make any negative remarks about other companies or products, and according to the code of contact, treat everyone with respect, never discriminate, excuse me, communicate constructively, and we fully support Hyperledger's policy of openness, equity, and inclusion. Okay, so here's our agenda for today. We've already done the welcome.  Then Angel's going to do the state of blockchain in the global mortgage industry. James will cover the mortgage industry subgroup, and then I'll come back, do the mortgage blockchain lab and internship update, next steps, and then we'll open it up for a Q&A. So with that, I'd like to introduce Karen Otani. She is the director of ecosystem at Hyperledger and has been our primary contact with the Hyperledger community. And as I said, she's been a fantastic help to us. So Karen, please take it away. Thank you, Marvin. I appreciate the chance to be here. I actually was suggesting us to have everybody introduce themselves. I know this is the first really official meeting of the mortgage subgroup, and it'd be great to know who's on. Just really quickly, it won't take too much time, but that we can start to kind of develop this community. This is, of course, Marvin and Angel and James are going to be leading the operational aspects of the community. But everyone here at the point of it is for you all to get to know each other and to see how you can work together and advance some of the work in the mortgage industry related to DLTs. So I'd love to invite whoever is comfortable and wants to just share where you're calling from and what organization you're with. Sure. I'll start. This is Laurie Laurie. I'm calling from Texas and I'm with Black Knight. And I'm also with the MISMO organization and co-chair currently of our blockchain community practice. Welcome, Laurie. Welcome, Laurie. Thank you. I guess I'll go next. I don't know if we're doing any particular order, but I'll go next. So this is Sean Job. I'm with an organization called Factual Data. We're a service provider data aggregation company that serves the mortgage banking industry. Along with Laurie, I am involved with various industry standards within mortgage banking and housing finance, specifically one of those being MISMO, where I co-chair their blockchain community of practice effort. So just here to kind of see what everyone is, you know, what's going on with Hyperledger in regards to DLT. And I myself am calling from Massachusetts. Awesome. And let's keep it brief so we do get everybody on. Anyone else? Can I introduce myself, Karen? Yes, please. Talk to him, by the way. This is Andréa. Hi, nice to meet you, Quintances, with you. Glad to start talking to you, by the way. I'm Andréa. I'm the current share of the Hyperledger trade financing. Glad to be here today just to make the Quintances with the rest of the team. I had a call earlier in time a few weeks back in time with Marvin and Angel. I was pretty curious to see what's going on in this space in kind of the markets. I'm a close friend of Biffing. So glad to get to know you all, guys, and I'm calling from Italy, Florence. Yeah, before we go on to the next group, I want to say welcome, Andréa, and I think you owe us a beer. What? Sorry? I said welcome, and I think you owe us a beer from our first conversation. Well, actually, I owe you a glass of wine. A glass, a huge glass of wine. The wine is dear to you, man. So you have to come here in person. Should I glass one with me? A red one, of course. Of course, okay. Nice to see you, Marvin, by the way. Glad to be here today. Yep. Anyone else? Hi, my name is Maria Manaro. I work at Home Lending Pal. We are oriented towards borrowers and trying to help them start on the mortgage process. So I'm really interested in how we are and how the industry wants to apply blockchain to the mortgage process. And I'm calling from Buenos Aires right now. Oh, nice. Yeah. Bienvenido. Gracias. Anyone else want to jump off mute and say hi? While someone's waiting to come off mute, Marvin, could you unshare your screen, please? My screen. All right. Anyone else that want to say hello and introduce themselves? No problem. You can participate in whatever way you want in these groups. Of course, since this is a new group, it's great to have everyone get to know each other and hear where you're from, what you're working on, what you're interested in, because what you want to get out of this, your participation is going to determine what this group works on and what this group focuses on. So thank you to everybody and feel free to type in the chat too if you want to introduce yourself that way. So I'm going to do just a very quick introduction to the Hyperledger Foundation. Some of you may be new to Hyperledger. And so I want to make sure I got an overview. And then I'm going to share some of just the tools that we use as part of our special interest groups here at Hyperledger to help you all get started. You can get all these slides by email. Marvin can send them and you can reference them later. And of course, we also have the recording. So Hyperledger Foundation is this global cross-industry consortium of projects, member companies, and communities that are working to advance enterprise blockchain technologies. We are an open-source nonprofit. And we are particularly focused on the enterprise applications of distributed ledger and multi-party systems. We are housed within the Linux Foundation, which has been growing open-source technologies for more than 20 years. And Linux technologies are part of everything that you use in your daily life essentially. We are neutral and foster a collaborative community like this one. So it's never any play-to-play. At Hyperledger, we always have to just display our antitrust policy. We are open to anyone who wants to participate and contribute in any way that they see fit. And what we're working to do is really to build a sustainable industry standard code. We have applications of our technologies being implemented in a variety of industries, all of the ones above and others. Of course, here we're housed within the Capital Market Special Interest Group. And so you'll be hearing more about those topics. But I will share a little bit later on some of the things that are happening on other industries. In terms of our technology, it's a very modular approach. They're very flexible. It's focused on being able to reuse common building blocks, building a diverse developer community, and being able to experiment rapidly. We have a number of ways in which that can happen. Sometimes our SIGs actually can get involved in making suggestions on how the technologies advance or are built or even doing POCs themselves. These are all the current code projects at Hyperledger. We have 18. It can seem a lot to a newcomer. So don't feel like you have to get to know all of these. I'm sure when, as the group starts getting into talking about specific use cases, you're probably going to focus more on a couple of our DLTs, such as Hyperledger Fabric or Hyperledger Basu. But this is what there is out there to explore. And these technologies do a variety of different things, both at the base layer and at the tools and resources at the top layers. I know many of you may be new to open source, new to Hyperledger, new to participating in our community groups. I want to make sure that you know that we have the code of conduct that Marvin talked about in the beginning, which is essentially about being kind, respectful of everybody, making sure everyone has a voice and is considerate. But we also want to make sure that people who are new feel comfortable, that they feel comfortable asking questions, that they feel comfortable getting involved in whichever way they can. You don't have to be a developer to get involved. You don't have to be an expert to contribute. There are many ways for newcomers to really contribute a lot to this group. So don't hesitate. Feel free to take initiative. Or you can also just sit back and kind of watch how things go. The first thing to kind of getting started into using our tools in the community is setting up your Linux foundation ID. If you want to do that right now while I'm talking, I'd encourage you to do so just so you get it done. You just go to identity.linuxfoundation.org and set up a username and a password like you do on every website. And that really is what allows you to use a lot of our different tools that I'll cover in a minute. So this group has a real-time chat. It's on our tool called Rocket Chat. It's like an open-source version of Slack. You'll be using the Capital Market Sig channel for that. We also have a mailing list here. You can post the mailing list and you want to especially make sure that you subscribe to the mailing list so that you get notifications about any changes in the meetings, the agendas, but also each group kind of decides how they like to interact and engage. Some groups like to use the chat a lot. Some groups like to do a lot of sort of back and forth discussions on the mailing list. And some really just do it on the calls. So it's up to you how you end up using it. We also have a page on the Hyperledger Wiki for this group as well. This is where you're going to find the description of the group. This is where you're going to be able to create pages for the different activities that you do. And also there will always be a page for the meeting notes and agenda for each meeting. Where the agenda will be and also the recording will get posted after the meeting. These are all the links to those pages. We have a couple ways in which you can get the meetings on your calendar. So one of the ways is going to our Wiki at wiki.hyperledger.org and on the left hand side there's a calendar of public meetings and you find the next meeting as indicated here and you just click copy to my calendar. If you have a Google calendar it'll open that and you can save there or you can download a file. The other way is to go to our list page. This is our mailing list page. So you'll be on the capital markets sig list page and going to the calendar there where you can download that particular event or also as you see below subscribe to that calendar. So there's a couple ways you can get that. This group doesn't have a recurring meeting set up so that might be what you end up talking about later today is getting that recurring meeting set up and then you can download it once we put that in the calendar. I'm just going to touch quickly since you're all kind of new to this community on a few of the other groups that we have. You know obviously you're here because you're interested in this topic but something that we're trying to do and a few of our community members here can attest to that is really making sure that every that there's a broader view of what's going on in the community so that they're not people aren't working in their own silos that there's a lot of overlap right in what happens in the mortgage industry and capital markets and others as well. So we have working groups which are focused on a bit more technical topics. We have our technical steering committee this is the group that manages the overall operations of hyper ledgers code projects essentially but we have a number of other groups that focus on the architecture or identity and other topics as well and then within the special interest groups we have a number of groups along different industries like the ones you saw on the first slide. Capital markets of course but also healthcare telecom media and entertainment trade finance. Andrea he's from the trade finance group so it's great that he's here because he's essentially doing what I just said is you know kind of collaborating with other groups and cross pollinating which is what we want to see more of so all these other groups operate the same exact way in which this one does totally open for you to participate show up you can show up to the meetings you can join the mailing list you're you're welcome anywhere you want to be. Finally we do have regional chapters these are groups that are aligned a little bit more with either a language or a region and so if you've got you know if you speak for example we had Maria from Argentina so I'd invite Maria to join our Latino America chapter their meetings are in Spanish they do a lot of use case discussion and information and knowledge sharing in Spanish within that region it's it's really great I'd encourage you to join them. There are a number of different ways in which you can participate and I'm not even going to touch on half of them here just being here today is is considered participation and contributing to our community but if there's other ways in which you want to do that one way is joining a local meetup group or leading in the local meetup group we have meetup groups all over the world so I know you're all calling in from many different places there's probably one near you and they're always looking for volunteers people to help organize events speak at their events so if there's anything that you think you'd like to do more locally we'd welcome you to do that and that's pretty much it thank you so much. Okay thank you Karen that that was extremely useful information and it really underscores the nature of the Hyperledge group it's a very open group very sharing it and that's something we're definitely appreciative of so with that to you let's dive back into our agenda let me share my screen again okay before we actually did dive into the agenda I wanted to speak a little bit about the opportunity that we see before us in blockchain I know that this is going to be familiar information to quite a few of you that are already familiar with mortgage but also wanted to make sure that everyone had the same base of information for people that don't have a mortgage background and trust is at the heart of any financial transaction okay that trust is often based on the application of technology there are a number of actors in the mortgage value chain and each relies upon technology to provide the basis for that trust blockchain with its cent excuse me decentralized and distributed technology can provide this trust in a more efficient fashion okay on this slide this depicts how mortgages are tied to fundings and then turned into securities and then traded and retrade a homeowner gets a mortgage from a mortgage banker that mortgage is bundled into a mortgage backed security you can see that in the middle and then that's traded on secondary market this flow of funds highlights the relationship between the mortgage industry and capital markets and it really makes sense that we're a part of the capital markets sake okay this next or excuse me as a previous slide showed there are myriad of actors that drive the flow of funds this slide focuses more on the origination side and we wanted to show how a mortgage starts with the consumer and as you'll see further in this presentation there are blockchain point solutions throughout the cycle as well as other opportunities that would benefit from the application of blockchain now we're not saying that blockchain it can solve all of the mortgage industry's problems but this subgroup is intended to identify those use cases that lend themselves to the implementation of blockchain so with that the next item on the agenda is the state of blockchain and the next speaker is angel alvin as he said he's the president as a dentist chair of the mortgage subgroup and he's been covering the state of blockchain in the global mortgage industry angel thank you marvin i'd like to thank karen and dip in for all your support and creating the mortgage subgroup and i want to thank everybody who is here today and we'll be watching in the future so definitely this is an open forum you can ask questions at any time i think what marvin just showed us is that there's two sides of the mortgage right so it's the origination of the mortgage right going through a process and then once that mortgage is created it's actually now a financial instrument right and so that's where we enter the capital markets so when you think when we when we start thinking about mortgage blockchain opportunities we're really going to be thinking end to end right so blockchain services in post closing worlds but also the capital markets secondary marketing worlds the rating agencies the investors the custodians you know everybody that's part of that so thank you thank you marvin for that um yeah just uh so as part of the mortgage subgroup we're going to have a research arm and so we want to invite everybody who does research read research or just press releases right we want to have a central place where we can go to so like karen said once you create your your user id you'll be able to log into the mortgage subgroup wiki and that's going to be our central point where we're going to be sharing information so today on that site we've already populated some mortgage industry research so i'll just highlight a couple items that are on there um and they're all global hyper ledgers of global organization so we're going to start with a global perspective and then depending on the use case or the country or the opportunity then we're really going to drill down into that that specific environment if you will right um so we have research from the imf on real house prices over the past year for over 250 countries we have the global housing and mortgage outlook of 2021 by fitch that's a great research report give you some perspectives on the global markets we have another imf report on real house price indexes so again we want to create a research arm so that we so we start using data and research to inform our opportunities as we explore blockchain use cases in the global mortgage context i think the other um i just like to share maybe a little bit about my background so i started in mortgages in 1992 my mortgage banking career in 92 worked in servicing capital markets and originations in 99 actually 98 i joined the global markets group and we were looking for global expansion so we were researching housing finance systems around the world i think we researched like about 200 countries so when i was doing all that research the one word that came to mind was like man i hope this results in some travel right and so that that work that body work actually resulted in the largest global mortgage jv with barclays i got the privilege and opportunity to move to london england and live there and meet a lot of new peoples experience a lot of different countries really see firsthand how global mortgages are done and we were in a very unique position where we can cross pollinate best practices and ideas from one country to another and one organization to another etc so it's very very exciting and so when we started talking about hyperledger the mortgage subgroup and how it's global in nature you know that little thought did come up travel right but it's really exciting to be able to work on a global basis again and Andrea we had a great conversation a couple weeks ago we're going to continue to nurture that we met with other folks from around the world india pakistan undudas max undudas in mexico the uk so i'm really really excited for that so here this slide is just it's just a select sample of our first scan right and so if you see that there's other activity in there please let us know if you join the group just send us an email our contact information is in the week as well you can forward the press release or or the research paper we'll establish procedures for that but let's talk a little bit about what is the global mortgage blockchain activity there is a lot of blockchain activity around the world right we're all hearing about crypto bitcoin ethereum and all these different crypto exchanges right but you know what we're really here to talk about or and explore and learn is blockchain for the enterprise right blockchain for business right and so this is really going to drill down into global mortgage and so our scan identified that that story begins at least on a global basis it started in in 2014 in the us but let's focus on what we see in the non-us sector right so in china banking communications are issuing blockchain mortgages it was a small nominal amount less than 2 million us dollar transaction but that was their start again in hong kong bank of china hong kong they issued mortgages they're blockchain based 85 percent of their mortgages use a blockchain valuation technology and they're going to be expanding that into the mortgage space as well in 2020 russia announces that they through their blockchain and through their consortium and master chain capabilities are going to be looking to issue mortgages on on their blockchain platforms and in 2021 this is actually something that you shared with us karen right so spain announced a new bill that's going to allow crypto for investors to be able to purchase mortgages and assets using crypto but it's also going to allow mortgage borrowers to make their payments using cryptocurrency so that's what we see on the global front in the us a little bit more activity in the us the story starts in 2014 that's really our first pioneers right so hats off to fat come and all the early innovators and leaders in that organization and actually to anybody who's all these participants right we're we're here rooting and cheering them on but they they came out came to market with a blockchain technology was actually released in 2018 so they started in 2014 released in 2018 so this shows that it does take time right takes time to implement technology go to market 2018 figure started they've announced that they through their platform they were able to achieve a little about about 110 basis points and savings in the actual origination and settlement home equity assets fluidity came to market in 2018 they were purchased by consensus that's that's a pretty big move there so they acquired consensus acquired some deep mortgage expertise there and so we we see good things coming in the future from that 2018 liquid mortgage announced their post origination mortgage ecosystem so what that means is that they're going after a very very specific mortgage sector it's going to be non-gsc they just did their first with their partner right with trust I'm going to fast forward a little bit but in 2021 they announced the first securitization on this liquid mortgage blockchain platform of 500 jumbulons in the US so that's really really exciting development also what we see in our scan is in Riverside County this isn't mortgage related but it's really important because it's adjacent to the mortgage and it's critical to making a mortgage is we need to have clean and clear title and so Riverside County one of the largest counties in the United States announced a blockchain initiative a transformation of their entire record system using blockchain and we see that as a promising sign other notables in 2021 Jenny May largest largest non-gsc liquidity player out there of FHA BA loans they announced a blockchain project Fannie Mae issued underwriting guidelines that's going to allow crypto as a form of down payment but I'm not going to get into the new into the details that there's some criteria how to convert that crypto to to us dollars but we see that as a good sign these are promising signs there's more activity in 2021 there's others that that we're probably missing but again if you guys see anything that's out there please let us know we'll add it to our research okay thank you next slide so there isn't right now any specific global market global mortgage investment trends right we are reaching out to the various research organizations to see if we can if we can create that or be able to create a segment for that so that we can track it for research purposes we all need research we all need data for our business cases but this is hot off the press this was just released this past Tuesday this is from CB insights the global investment trend according to CB insights you know prior to 2021 on average the 19 and 20 was 3 billion right 2018 there was a little bit uptick that correlates a little bit with the activity that we saw in the prior slide but just for the first nine months of 2021 we're at 15 billion that's about a 5x increase compared to 2020 there's other research that indicates that the global investment for blockchain technology it could be in the 30 billion I'm sorry 30 billion range in the next five years so that's definitely interesting and promising we haven't had the time to drill down into the investments who are these investments who's investing in them what type of investments are there just on our cursory review about 50 percent of that 15 billion is going to cryptocurrencies exchanges and NFTs what we did see in there there are some blockchain as a service there are some point solutions there's some blockchain tools right but we're gonna we need a little bit more this just came out on Tuesday we need a little bit more time to drill down on that and be able to report back to you in terms of what we're seeing and again this is all we're trying to provide a global mortgage picture so we're gonna anything that's mortgage related or mortgage adjacent we're going to be pulling that data out of there so we can feed it to this group okay let me stop here any questions comments let's move on to the next slide then so this is interesting right so global mortgage blockchain adoption where are we right so the short answer it's early right I think we all know that right everybody's on this journey different parts of the journey right and so in working with different groups and different organizations we're talking about adoption right there's different views out there there's really nothing off the shelf right there isn't like a vendor we can like call right now get a proposal tomorrow and start implementing next month or next quarter or anything like that but soon there will be so what is happening here is I invite you guys to learn about the hype cycle if you guys don't know about that pretty interesting it's more about the psychological you know how the psychological thinking or impact of new technologies right and then I think we're all familiar with the technology adoption life cycle below and what this does it stacks them on top of each other right and so what we see is that we definitely see some correlation here and so how can we use this to help us understand what's happening in the global mortgage blockchain adoption world okay so in our research we kind of segmented everything out right that's mortgage related so anything that is non-mortgage is going to be down at the bottom and in the first part of the curves of the innovators or the or the technology trigger right is our first generation system so these are our pocs that got promoted pilots it got promoted to production right and what we're seeing actually a consortium in the U.S. which is insurance based they're actually entering their third generation and they're moving to hyperlink so we definitely definitely other sectors within the global financial markets insurance capital markets payment systems settlement systems there's definitely traction from a blockchain perspective and so and a lot of those big players have mortgage divisions right so that mortgage that blockchain knowledge is going to start to trickle down it's going to start to get shared and one vertical is going to start working with another vertical so we're hoping that that's going to create opportunities to bring more blockchain technology into the mortgage sectors I'm sorry Marvin you're going to look faster okay so down at the bottom right where where are we from a global mortgage standpoint right so we're in the first generation we don't see in our scan we haven't seen second generation systems again we invite the community to share their research to share information so we can add to this and we all have a collective understanding of where we are from a global mortgage blockchain perspective okay thank you let's go on to the next slide okay so this is a journey this is a definitely it's about driving adoption it is early there are promising signs there's more investment there's more interest there's solutions our first securitization just happened right so a lot of things are going to start to pick up speed here what we're hearing and we're reaching out to all these individuals because we want to invite them to a join this group and as appropriate to come and share their insights and best practices and in our discussions with various players you know what we hear is you know you got to start small right build a small team iterate right look for expertise think ahead because as you start to scale your projects right you're going to run into challenges right talent right to budget so start thinking where you know start building a roadmap is some of the things that we're hearing organizations that don't have a budget you know they're doing brown bag lunches right they're joining organizations organizations like the hyperledger other organizations as well but really the message here in terms of driving adoption is we're all in this journey together let's let's all work together to inspire our peers colleagues and organizations to keep moving forward and identify those use cases all right thank you next slide and so here we're gonna have a little fun here right so I grew up playing Legos right and you know I grew up in the business world connecting the dots right so we made a little joke about this now we're connecting blocks right and so I kind of feel like I had a full you know full circle experience here right working with blockchain blocks and trying to put them together but it's about perspective right you can look at this mess of Legos and I have visions of my room when I was a little kid probably looked a little messier than that but it's about perspective right what can we use with these building blocks what can we build that's a great question next slide and I'm coming to you from Los Angeles California and that is a Lego city representation of Los Angeles California so I hope you find this informative I hope you join our group I hope you contribute to the research and we look forward to working with you and supporting you thank you very much for the next item in the agenda I wanted to introduce James Hendricks he has over 20 years experience in the mortgage industry he's worked in origination servicing project management and technology Marvin thank you for that introduction happy Thursday everyone and thank you for joining today as Marvin said my name is James Hendrick and I want to take a minute to walk you through the mortgage industry subgroup charter we move on to the next slide Marvin all right perfect so the primary focus of the mortgage industry subgroups to bring together a global community to address technical and business level challenges across the industry this subgroups coordinating across academic business technical and industry related expertise and we're working on blockchain education use case identification proof of concepts or proof of concepts and production implementations you can see our purpose vision and mission statements on this slide as well as a link at the bottom directly to the subgroup wiki Karen's been kind enough to post in the chat both links to the wiki as well as links to how to set up your Linux foundation ID so do take an opportunity to download those chats keep the links around and mark them as favorites for yourself next slide Marvin all right so let's take a look at the mortgage subgroup landscape so from origination the servicing to the collateralization the mortgage life cycle has a complex ecosystem involving numerous parties including originators lenders investors regulators and a whole slew of network providers you can see on the lower half of this slide from originate service and issue down the number of characters that are actors that are actually involved in this process fact the next slide we'll go to we'll blow out that mortgage ecosystem a little bit but everything from people involved from application processing underwriting closing funding and post closing to regulators industry associations things of that nature this slide kind of encapsulates how everything does ultimately roll up under the capital markets sg Marvin let's go to the next slide so i'm actually borrowing this next slide from our research team that demonstrates the various actors involved in the mortgage industry and as you can see there are quite a few you know as Marvin mentioned earlier the complex this complexity of actors creates trust and transparency issues for all of the parties there's no clear method to track end to end activities so each party must individually maintain their own independent databases of customer information loan transaction third party information data has to be validated and revalidated when shared between parties and of course financial transactions need to be reconciled blockchain can address many of the issues in the life cycle of a mortgage with its decentralized distributed ledger that's both immutable as well as auditable next slide Marvin so as we think about the scope of the mortgage industry subgroup we're really focused on promoting education across the business and technology partners government agencies and service partners while we are under hyper ledger we are application agnostic so we are looking to further blockchain development across the mortgage industry but we are not here to preach or lecture for a specific technology solution that's actually through education we're looking to not only help provide and direct but we're also looking for others to come to the table we're also looking to open up a form of communication and networking across industry participants and through this we seek to identify specific opportunities where blockchain technologies can mean meaningfully advance the state of the industry we want to provide a foundation for real world use case identification blockchain technology alignment and of course operational fit and the next slide Marvin so relative to the meeting cadence Karen mentioned this a little bit earlier we are going to be meeting on a monthly basis starting in january of 2022 uh it'll be the second thursday of each month at this exact same time so nine a.m pacific 12 p.m eastern and six p.m central time i do encourage you to access the link to the industry subgroup you're going to find all of this information there as well as more information research information that angel was referring to you'll have recordings of this presentation and other presentations as well as copies of the decks um and you'll as Karen indicated you'll have access to calendars and uh other additional information so do check out the links within the chat sign up for the subgroup pick up your linux foundation id if you have not and we look forward to having you join us in the beginning of the new year Marvin i'll pass it back over to you thanks james that's an excellent overview of the mortgage subgroup uh the next item on the agenda is we want to introduce the framework for what we're calling the mortgage blockchain lab and the blockchain university program we'll provide more information on this in the future but we want to introduce today um the lab is a multi faceted lab and encompasses education a portfolio of pocs and pilots and saventus services for the university program we've established a relationship with three latin american universities and to help them develop a blockchain curriculum and as a part of that curriculum we've hired our first cadre of undergraduate students and we'll introduce them in the following slides for r&d um we're developing a a list of pocs and pilots both on the public and private side so again this is just intended to be an introduction and we're going to go into this in more detail in future meetings so uh with that i'd like to introduce maria and Guillermo and they're going to talk about our university program good morning i'm maria varaona my colleague Guillermo and andes and i are interns in the it department at saventus for the blockchain lab we are from san pedro surla on duras we are last year's system engineering students at universidad nacional autónoma de on duras throughout our learning path we have participated in school projects that have been useful to learn the different processes and stages that involve the development of software for example uh we have the architecture of hotel lighting and access control the main goal of this project was to create a high availability server that could be always running in order to do this we deploy a master to master replication on my sequel and also we used the hard bit service on ubuntu machines we have a purchase department management project this consists of creating a program that automizes the main processes of the portions department for a medical product store we've gained math and physics knowledge oriented to computer science among the skills and knowledge that we have learned and we can highlight the design and creation of networks database management program and last but not least it security for us this internship has been a great opportunity to go through this world of blockchain and to learn this cutting-edge technology that opens the path to a new era so now Guillermo is going to give you a brief walkthrough of what we're learning in saventus and some of the technologies that we have been using as well okay hi i'm Guillermo Nundez in the two months that we have been in the internship we have created test environments in windows and linux where but have been successfully test with blockchain technology also we have tests and implement smart contracts with some examples like us transfer basic to transfer assets from one owner to another pubcar to add information to the database and test network where we create nodes channels and organization for the blockchain and with firefly we got the communication between nodes as members of the blockchain lab we've been focused on the research and learning of the different technologies that make up the blockchain for example hyper ledger fabric a blockchain framework to develop blockchain solutions and firefly that enables developer to build blockchain apps for enterprise let it be faster by allowing them to focus on business logic instead of infrastructure different programming language such as node.js and phyton database like couch db and closed services like aws among the different source of information that we in being consulting and studying we can list the following hyper ledger fabric and firefly documentation courses given by the community of hyper ledger latin america all these elements have been helpful in our learning path to find the benefit of the existing case studies to put them into practice back to you ma'am thank you Guillermo and thank you Maria for that overview on what you guys have been doing the next item on the agenda is we wanted to talk about next step so what would we like to do with the mortgage subgroup and really we've broken it up into a couple areas we want to continue the outreach to outreach excuse me to potential participants and interested parties in this includes private public companies academic institutions as you guys have seen and also to regulatory bodies this outreach will also include reaching out to other groups within hyper ledger in Karen mentioned cross pollinating with some of the other industry groups and that's something we've already started to do i've sat in on meetings with climate action group healthcare supply chain there are some really interesting activities within those other groups that i think we can bring to bring into mortgage and really leverage so that's one of the key next steps we also want to start building out the future agenda but we would really like the future agenda to be driven by the mortgage community to you guys out there that are participating if you're interested in specific use cases training or topics please let us know we'll add them to the future agendas and if you want you guys can be the ones to cover them if you're interested in pursuing a specific blockchain application or idea for your firm again let us know and we'll do some knowledge share hyper ledger has an extensive github repository and their technical forms are extremely helpful if you're a vendor and would like to present your mortgage solution let us know about that as well and lastly any recommendations for future speakers I already have my own list of speakers I'd like to hear from and they're from some of the companies you've already heard about but we want to make this as interactive and as educational as possible so as you can see the future agenda can span a wide array of topics. One of the things we'll try to do is to organize future meetings such that we'll be able to tell you beforehand if a meeting is technically focused so if you're a developer tester cryptographer will be able to say this meeting is for you. If you're someone that's geared more towards a C suite you're an executive you play a more strategic role then we'll say this is a strategic meeting you should be the one to attend this. Similarly we'll highlight meetings that are more operational and say okay this is for the ops folks. So we want to really drive and make sure that the future agendas are driven by you guys and I want to make one last plug for joining the mortgage industry subgroup and here's the link you guys get in this chat as well. Karen walk you guys through joining the Linux foundation and getting access to our wiki page so highly encourage you guys to join. We're all very excited about this. I think we're right on time so we have a couple minutes. We'd like to open it up to you guys and see if anyone has any questions. Marvin it's Vipin. Hey Vipin how are you? I'm doing great. I'm glad to see that this this group has started off but on such a good foot and I hope you guys have great success and please join you know also our discussions in the capital markets. Maybe we can have cross pollination. A couple of things one is I was at this meeting today for debt capital markets in IWA GBBC global blockchain business council. They are they just announced the launch of the first bond digital bond by six by Swiss the Swiss exchange which is you know earlier there were some bonds that were that were put out but this is the first truly digital bond. It's $450 million I mean Swiss francs sorry which is about the same as $150 million but anyway so this is exciting news because it's now production and people are trading it's available on Bloomberg. It won't be it won't be long before mortgages mortgage bonds are going to trade like that. The other opportunity is with the fact that we are also working with with Andrea to create a cross pollination group so I hope you guys join us we are going to have an actual lab NFT based lab which will actually which will actually put into production something that has NFTs in it. Anyway I think the time is ending so I'm cutting my remark short thank you for launching such a group. Thank you for those remarks and thank you for your leadership and guidance. I think the point that you brought up about that bond being offered that really underscores that capital markets is so key to the mortgage industry it's kind of a leading indicator if you will and there's always interesting stuff happening there so yeah we're definitely interested in cross pollinating. I see that we have one more minute so I did want to turn it over to see if there's anyone else that has any other questions or comments if you do please let us know. Okay I think the clock just did tick over to 10 o'clock again thank you all for joining us for our introductory meeting to the mortgage subgroup this meeting is being recorded we'll post it on the mortgage subgroup wiki and please feel free and look out excuse me feel free to join our future meetings and look out for those invitations as well. Thank you everyone and have a great rest of your day.


So in this video, I wanted to quickly show you the difference between taking normal levels of actions versus massive levels of action and why they both take the same amount of energy and why you should always go for massive and How that would actually look in your life in terms of results? So first of all if we take a chart that basically shows you the Results in your life and this could be in any area by the way This could be in in your fitness in your health in your relationships in your business And also we look at the time past What you'll see is that again, there's two types of taking action There's people who take normal levels of action and their difference their results look something like this So at the beginning there's a there's an increase We know when you start anything there's an increase in the amount of activity and then it reaches some sort of Regular level and then the results basically look like so That's how most people act and what happens with this kind of simple result is that with normal actions Is that the moment something bad happens the moment that you get fired? There's a market crash Something happens to you your family Anything bad happens you immediately go from here to that from this level to This level or this level or even just crash because there was not a lot of Action sustaining this so the moment something bad happens which happens obviously to everybody in life occasionally This thing is very vulnerable. It's very easy to make it just disappear But if you take massive action the way your life looks is more like this So you still have those ups and downs in your life It's never Just a straight line. There's always peaks and valleys But if you see the difference here the the valleys that the bottoms are Constantly higher each bottom is higher than the previous bottom and sometimes higher than the peak So sometimes the new bottom is higher than your previous peak So this is how you know you're actually taking massive action is if you take A chart of whatever you're trying to improve whether it be your fitness your relationship your your income and again You can measure everything you can measure Your relationship by how many times do we talk today? How many times that we fight this week? How many times do we have really good experiences together? So you can actually measure everything and you want to measure everything because that's when you put that kind of attention on Things that's how that's when things actually happen, which is another video completely But this is why every single source of income that I have every income stream Even if it's a tiny tiny drop of income I have a chart that basically shows me on a monthly basis How much money every income stream generated because that puts my attention on them and that allows me to always expand them so You see there's this is massive action. Now. How do you actually make this happen versus this? It's actually not very complicated The only difference between this and this is that in here?  It doesn't affect you as bad So the only real difference is take the actions that are actually working for you write down What am I doing that is actually working and just do 10 times more of that? so if you're a salesperson and some of your calls are good just write down Which type of call is good? Which type of approach is good? What am I doing that's actually working and just do 10 times more do 10 times more calls 10 times more emails more Messages whatever you do that works Multiply it by 10 and you're not going to see a 10 times increase in your results But you're going to see like if let's say like a four times increase in your results and that four times increase is What create that big upward cycle that just accelerates by the way, it's not like a straight line It looks more like this It's actually exponential because the rate of growth is always growing because now you're leveraging because at some point here Maybe here maybe here maybe here you've basically run out of time to invest because you've already Taken so much action that there's no more time in your day to take action Which means you're going to have to start leveraging either taking better actions or leveraging your time by hiring people to do that for you And this is what 10x is going to do for you It's going to help you leverage everything and multiply everything that you want to have in your life This is why I'm such a big proponent of the 10x rule This is why I've read it more than 10 times and will continue reading it For probably many more years to come and this is why I highly recommend that you follow Grant Cardone So this video helps you let me know in the comments if you have any question about this Amazing concept. Let me know and please subscribe if you haven't and check out my book at the bottom for just 9 99 about my life and the crazy successes and failures that I went through and why to learn from them what I learned from them So thank you for watching and I'll see you in the next video


Welcome to All Hands Update, I'm Petty Officer Andrew Johnson. Exercise Clear Horizon kicked off in the water south of the Korean Peninsula October 20th. Clear Horizon is an annual bilateral exercise between the U.S. and Republic of Korea navies. It enhances cooperation, improves capabilities and fosters friendship between the two nations. Approximately 330 U.S. Navy personnel from Mine Countermeasure Squadron 7, Mine Countermeasure Squadron 14 and Explosive Ordnance Disposal Unit 5 are participating this year. During the exercise, U.S. and Korean sailors are practicing clearing shipping routes and conducting surveys for clearing operational areas. Clear Horizon has one of many annual training exercises held between the U.S. and Republic of Korea navies aimed at strengthening alliances and preserving stability in the region. Clear Horizon ends October 24th.