hey friends today we're in Disneyland how awesome is that I am so excited this is my first time ever coming and making a video here in Disneyland and what a time to come the Main Street electrical parade is coming back today world of color Disneyland forever and I am so excited I traveled from Orlando Florida to Anaheim California and we are gonna ride all the rides I've been wanting to ride and eat all the food that I've been wanting to eat anywho's let's go do this I am probably gonna have to apologize in advance because I know that I'm gonna be super giddy and super happy today and it's probably not gonna be as smooth as the videos I've made in the past but that's because I'm just so excited to be here and I'm happy to actually share it with you guys and bring you guys along on this beautiful Disneyland day living in Orlando I go to Disney World almost daily but being here at Disneyland it just feels different it feels so much more magical and I cannot wait like I'm a big Disney history kind of guy and this is it this is this is where it all started I can't believe I'm about to walk into Disneyland right now here you leave today and enter the world of yesterday tomorrow and fantasy this is it this is this is this is Disneyland luckily I have multiple days here at the Disneyland resort so I want to just like go go go but we're gonna have a couple of videos so we're just gonna kind of focus on the things that I'm really excited to do and the things that I can't do in Disney World like the rides like the Matterhorn and Indiana Jones and stuff like that and just kind of take it easy but at the same time like freak out wow look at how magical this is like this is my first experience walking in here right now oh I love it we're gonna make our way down Main Street but look at look at this I love it Chip and Dale just hanging out here many's over there this is too good I I told you I'm gonna be very giddy Wow just taking a look down Main Street USA here in Disneyland it is so amazing and so much history of course we've got Sleeping Beauty Castle at the end there I can't wait I mean there's so many things I want to do oh look at this I can just stay in here all day yep hi how are you good morning thank you oh my Lord okay I need to get it together like I said we have multiple days here so we're gonna have plenty of opportunities to do a lot of fun stuff but I want to go ride and ride and I think I'm gonna start off with the Matterhorn I bought genie because like I said I'm going all out and we're gonna see how much we can get done I know that it's gonna be a very busy day in the park today because like I said the Main Street electrical parade is coming back today and also all the merchandise and like the popcorn buckets which the popcorn buckets are just like so beautiful so everybody's lined up to actually get all the merchandise and this is park opening right here so it is gonna be a busy day but it's okay no matter what I'm just happy to be here my first Lightning Lane of the day I picked the Matterhorn and I am so excited because the Matterhorn went down during my Lightning Lane time so I got a bonus like Lightning Lane selection so it's back up now so we're gonna go ride the Matterhorn and then we're gonna go ride Indiana Jones look at this I am just so happy there's the Matterhorn right there there's the castle look this is amazing I just love how characters are just walking around the park now my friends look at that oh wow this is really magical here the monorail going through the Matterhorn here captain hook is just hanging out because he's captain hook and that's what he does I mean this is amazing well I can't wait to ride Alice in Wonderland and here it is the Matterhorn Bob sleds and it's not quite open yet but it looks like it is gonna reopen any second now so we might not use our Lightning Lane like our redemption here and use it for something else and still be able to ride it without waiting but this Bob sled run is a high-speed turbulent roller coaster type ride through Matterhorn mountain mountain that includes sharp turns and sudden drops and stops here we go I'm so excited and I'm gonna be the first one I'm gonna be the first one of the day this is the greatest thing ever all right wow thank you this is great I am so happy right now oh we're going in I'm not gonna lie I'm a little scared but I'm so excited oh the excitement it's building that was amazing that was seriously so amazing that was so awesome one of my all-time favorite rides wow I love it and I feel like I'm doing a good job so far I mean we've only done one ride but if you're a Disney World local I think doing Matterhorn when you first get here is a good start now I think we're gonna do Indiana Jones and then Mr. Toad I feel like those are great lineups the cool thing is is we were the first rider on the Matterhorn Bob sleds for the day because it didn't open with the park it was down before the park even opened and we got to ride it first and we didn't have to wait and then we got a bonus Lightning Lane that we're gonna probably use for something else later and now we have our regular Lightning Lane that we're gonna go ride Indiana Jones for so like it's really awesome that we just get here and we're gonna be able to ride three rides without waiting now let's make our way over to Adventureland and ride Indiana Jones oh boy I am so excited there are so many things I want to eat here but it's too early in the morning and we're gonna be here for a while but so many restaurants I want to check out I want to get some of the Bengal barbecue sticks the skewers like I'm I'm I have a list and I'm gonna be checking it one thing that I immediately noticed is the wait times are substantially lower here at Disneyland compared to Walt Disney World like I'm kind of shocked today's a very busy day today too because it's a return to the Main Street Electrical Parade in Disneyland forever so the park is busy and the wait times aren't bad and it's easy to get Lightning Lanes with Genie Plus big difference just take a look at these Lightning Lane selections like we could just go ride the Haunted Mansion and like 20 minutes if we wanted to and that's like something in Disney World you really don't have the option to do like if you want to book a Lightning Lane it's not like kind of right up next that you have to wait like two or three hours so this is impressive we're gonna head on in to Indiana Jones Adventure this is one of my all-time favorite rides and it's a 45-minute wait but we can actually we have our Lightning Lane but still stop it's shocking that's a 45-minute wait this off-road journey is a high-speed turbulent ride adventure over rough and rugged terrain that includes sharp turns and sudden drops it's unlike any ride you've ever experienced oh boy here we go I did it yet like I'm getting off right now and I already want to ride it again we're definitely gonna ride it more than once Indiana Jones was amazing now I want to go enjoy a little bit of the ambience of like the castle I decided to mobile order a Matterhorn Macaroon a coffee and a cinnamon roll from the Jolly Holiday Bakery and I figured we'd go have some coffee and some pastries and just stare at the castle and here we are the Jolly Holiday Bakery Cafe I am so excited to eat all the food here in Disneyland like I want to try everything like everything so like here I was just gonna get like the Matterhorn Macaroon but I was like oh I should try the cinnamon roll why I'm here because I don't know what I'll be back but technically I'll be back probably tomorrow but that's okay because then I could try something different tomorrow all right here it is we got ourselves the cinnamon roll look at that icing a coffee and then the Matterhorn Macaroon right here and I'm so lucky because they said they just sold out but look at that no wait I don't want to lose that but I love it right the only reason I got this just for this this moment right now eating a Matterhorn Macaroon in front of the Matterhorn that's the way it should be done and that is the way we're doing it that is so good I love it and you know what the I think it's chocolate or icing the snow on top of the mountain it's actually really hard but the rest of it is really soft and delicious this is this is so good it's also gonna be fun to compare the cinnamon roll to Gaston cinnamon roll which I don't think it's gonna it's not gonna be in comparison like I can already tell by the icing I should have grabbed a fork but I didn't so we're just gonna try to mash it or squash it together this does not look good when I do it this way but it'll work oh wow okay that looks good once you get in the inside there all right right here time to find out all right that is a great cinnamon roll I have to say but I do think Gaston's tavern their cinnamon roll is a little bit better it's more fluffier I would say and I like how you get the extra icing there maybe you get extra icing here though maybe I should have tried that but both of them fantastic and I'll definitely be back there's a lot of food to eat on this trip and I'm gonna try to eat it all I'm a little bit torn because I don't know what I want to do tonight like I said three major things are coming back today so they've already had like previews of the Main Street electrical parade and Disneyland forever but world of color over at California venture comes back tonight and they're having a virtual queue and I didn't even know they were doing a virtual queue but I ran into some friends who are Disneyland locals and they told me about the virtual queue so I think I'm gonna try to get it I'm gonna try to get it and maybe try to do all three in one night and here are my Disneyland local friends Katie and Spencer best life and beyond and you guys are the ones that told me about the virtual queue so we're gonna try oh yeah we're in it we're all sitting here and I have my coffee and we're gonna try to we're gonna go for it fingers crossed okay so I think we're in here it's giving me rise of the resistance vibes but I think we're gonna do it yeah well it looks like we got the virtual queue maybe I don't know though and if we did we did if not like I said I'm not really like I'm gonna see them again eventually I'm not really worried about watching something the first time I'm more like interested in having like a Disneyland vacation and speaking of that here comes a cavalcade was a nice little cavalcade and I really like the music for it now I think since mr. toes is closed at the moment I think maybe I will book a lightning lane for big Thunder Mountain because I want to ride that here as well now it's time to make our way into frontier land and I like this frontier land it's so much better than Disney World's frontier land look at this oh I cannot wait and I can't wait to ride big Thunder Mountain because it is like a different ride here and yeah there's so much so much more we haven't gotten to yet you know something really fun just happened to me normally when I'm in a Disney park I kind of know where everything is but I got lost I didn't know where big Thunder Mountain was and I ran into some friends and they actually walked me over here so I'm glad that we're here now we're gonna use a lightning lane and then book another ride and we still have our original like multi-experience pass that we can use for anything I'll probably use it for space mountain now it's also really interesting to use the lightning lanes here and see if it works about a bing look at that as soon as I touched in here I already like made another lightning lane but for the haunted mansion so we have that actually within the hour and we are making such great time and look at this here comes our train I am fearless danger blasting area ahead this is great this is hands down a hundred percent better than Walt Disney World wow I loved it and I kept the hat on the whole time I really wish I had some coins to throw in there this was great though amazing seriously big Thunder Mountain here at Disneyland puts Disney Worlds to shame wow all I have to say is wow big Thunder Mountain here is phenomenal I love going into the explosion scene I thought that was so cool why doesn't Disney World have that like wow anyhoo I do have a lightning lane for the haunted mansion but I do want to go check to see mr. Toad's open back up because I really want to have been I've really been wanting to ride that ride and I think we're gonna like do more videos here at Disneyland I have so much I want to do but I can't make like a five hour long vlog even though I would probably I could probably definitely fill in five hours of footage so I'm gonna try to trim down everything because we are gonna stay for some nighttime shows I just haven't figured out which one I mean I think we have a virtual queue for a world of colors so who knows so we're gonna make our way over to check on mr. Toad's now and walking through fantasy land here is so magical it's so much bigger and busier but I love it oh we also got to do Pinocchio's too and going to Sleeping Beauty's Castle like there's so many things I am just I mean I'm go mode go mode all day well it doesn't look like there's hardly any wait for mr. Toad's wild ride oh look at that oh wait there's a little queue in the back there it shouldn't be too bad oh 20 minutes 20 minutes all day now this ride doesn't accept lightning lane though look at this little tiny queue back here it's like a little garden queue also I think my allergies are super kicking in over here in California my eyes are so watery and red and my nose just keeps on running and I don't know if it's just the air but I do see a lot of like like calling and stuff floating around but it's definitely it's hitting me hard this whole ride actually used to be in Walt Disney World and now it's over here and if you guys don't know you can find mr. Toad in the graveyard on the exit of the Haunted Mansion in Disney World so I'm so happy to be able to ride this again like this is one of my favorite rides I love slow dark rides I love them and here in Disneyland they have like some of the best and that Pinocchio is one of them maybe we'll do Pinocchio before we do Haunted Mansion like doing mr. Toad then Pinocchio then the Haunted Mansion that's amazing oh yeah oh there we go we're hopping in thank you thanks here we go we're trying to see our oh oh I'm so happy right now this is so amazing I literally got emotional on that ride it's gonna be tough to beat mr. Toad's but I think we're gonna head into Pinocchio's daring journey this is another dark ride but I loved mr. Toad's like I don't know sometimes I don't want to ruin the experience of the ride but I can't hold it back like I said I knew I was gonna be giggly and like riding mr. Toad's I was smiling like I wish I could have shown you guys the biggest smile on my face but it was there oh it it was there and also we can do still why which is right next to it we have space like I said I'm just gonna keep on going and going and going and going it's also really nifty how everything has a turnstile now like here at Disney it still has a turnstile I can't wait to go into Stromboli's puppet theater don't these carts look so fun and his ours had it on in somebody left their sweatshirt look at that thank you Pinocchio was awesome and did you guys catch the blue fairy like it was so cool I loved our pride so that one's really really dark it's hard to see anything in there but still it's amazing now I think we're gonna make our way to New Orleans Square we're gonna use our lightning lane and do the haunted mansion do the Disneyland haunted mansion and you guys already know sometime on this trip we're gonna be trying some Mickey Benye's some jambalaya all the good food I don't know maybe today actually I do know I want to get the Bengal barbecue maybe just like one skewer and then maybe one Benye or maybe one skewer one Benye and one jambalaya I don't know who knows maybe sadly I do have to report that Pirates of the Caribbean is closed why I'm here and the blue bayou I really wanted to get the blue bayou so not gonna be able to do that on this trip but we'll be back we'll be back I do want to ride Pirates so bad though but they got the walls up the walls are up now we have to make our way over to the haunted mansion oh but there's Jack's Barrow actually my friend oh yeah well thank you cheers well that's so cool Pirates of the Caribbean is closed but got to see Jack's Barrow okay it has been decided we're gonna go ride the haunted mansion then we're gonna come back and we're gonna get something eat at the French Quarter and probably still get the bangles barbecue look at this such a cool haunted mansion I love it I am so pumped I've never got to ride this like this Disneyland version of the haunted mansion like this is so exciting for me kind of just an awe as I walk through this queue like I love it like this is so cool looking look at this the doom buggies are coming down the stairs I'll see you all a little later I don't want to beat a dead horse here by saying how much better these rides are than Disney World and it's not that they're better it's just that they're I don't know it's something I haven't seen before but in this case everything was like brighter in the haunted mansion so I guess that kind of depends on you do you like it more darker and mysterious but I kind of liked it it was brighter and you can see the difference I could see the difference with the camera from filming it and Disney World to filming it here and I love it I love the changes and also I don't know if you guys notice what I did there with the dead horse and all well I was thinking about going to the French market actually to get some gumbo but I don't think they serve the gumbo here they had the bread bowls but it's a beef stew the gumbo was actually over at Cafe Orleans and I can't get a reservation there so maybe we're just gonna grab the bangle barbecue for now I think we're gonna head over there and see if we can get in the cafe Orleans but I do want to try the Jumbalaya though I need to keep on reminding myself that I'm gonna be here more I have more days here like I'm trying to fit everything in one day I need to just relax and enjoy but like I just I'm so full of excitement well well well what have we here it looks like I am in luck because I thought I couldn't get the gumbo in the bread bowl but over here they have the steak gumbo in the sourdough bread bowl would you look at that looks like we are gonna get exactly what we are looking to get look at this doesn't look so amazing and I have to like I have to put this bread back in here I don't know why I just want to see what it's like we don't want to spill the gumbo everywhere but then we're gonna pull it out oh yes oh that is what I'm talking about now this is the steak gumbo and you can only get the chicken gumbo in cafe Orleans but I'm so excited just for any gumbo like this is what I've been looking for and here we go oh yeah that's much too good this is so good oh my lord I love it I'm so happy we looked because I was gonna walk away I was gonna walk away and we were just gonna go get some bangles barbecue which I'm still gonna definitely try and I'm happy that we came back and just looked over here I ended up getting a little gumbo on my iron man Roosevelt shirt I guess I'm just a gumbo boy in a gumbo land here but it's okay now that we got our bread bowl gumbo business taken care of the bangle barbecue stand is right here so I mobile ordered a couple of skewers and I cannot wait to try them we're gonna get some bacon wrapped asparagus a chicken skewer and a pork belly skewer I want to try a little bit of everything like I said I'm kind of like in like of all the different food items like this is a quick service like a bunch of skewers and barbecue how crazy is that and I've been wanting to eat here so bad it's really cool watching them work back there too look at that flip those skewers and here it is take a look at those skewers we've got bacon wrapped asparagus we've got the chicken with the Polynesian sauce and then we've got the pork belly one and this all looks so good like this is a quick service in a theme park like doesn't that blow your mind and it was all under $20 like they're actually reasonably priced the skewers are like $5 a piece $5 $6 I would eat these every single day if they were at Disney World okay first skewer we're gonna try is the bacon wrapped asparagus one wow the bacon wrapped asparagus is blowing my mind right now so amazing and now we're gonna jump into the chicken and look at the chicken it's got a nice little Polynesian sauce on it I still think that this is gonna be my favorite and we still have the pork belly we're just trying each of them chicken is up next here we go wow all right we're gonna have to remove the slaw a little bit for the pork belly but oh boy look at those bad boys that shouldn't be allowed all right here we go pork belly what okay we're gonna go pork belly bacon wrapped asparagus then the chicken but all of them together are phenomenal and there's still something I didn't get I want to try the vegetable skewer and I want to try the beef but that's another day maybe tomorrow but not today because I've eaten a lot today and I just want to snack around and try a little bit but right here this is the best bang for your buck in Disneyland I think and I haven't even tried it in yet but I'm gonna keep coming back for it I really like how I'm showing my Epcot eating style hanging out eating on a trash can at Disneyland I bet you I made Epcot proud but pork belly for the win oh my word those skewers were phenomenal they were so good I am stuffed and I think the best thing to do now is probably go ride space mountain head on over to Tomorrowland ride space mountain that's the best thing to do when you're got a full stomach full of skewers well this is really sad but it looks like we're not gonna be able to do space mountain right now it's temporarily closed and I was heading there next and that's what I was using my wall saving my lightning lane for since early this morning and maybe it'll come back up but I've also come on to another dilemma because what I planned on doing was probably watching the Main Street electrical parade and then hopping over and watching World of Color World of Color is first day back is today and Disneyland forever and the Main Street electrical parade already previewed two three like two days ago but Disneyland forever is only on the weekends so this might be my only night to see it I made my way back down Main Street because I think we're gonna have to start thinking about our plan for the nighttime shows and it got super crowded like look at this a lot of people are excited to watch the return of the Main Street electrical parade and everyone's got spots all taken up and it's not for another two hours so two hours we're gonna see the parade then the fireworks Disneyland forever and then we're gonna attempt to hop over to California adventure to catch the last showing for World of Color but look at there are so many people here like it's oh boy as I'm hanging out I'm Main Street USA I'm noticing a whole bunch of different merchandise for the Main Street electrical parade they have cotton candy they have the popcorn buckets they have the zipper and they have balloons aren't those the cutest balloons you've ever seen I love it Disneyland Main Street electrical parade 50 that is so awesome I'm sure they light up you know what I'm on vacation I bought a balloon look at this I mean I love it it's really really windy out right now so I hope the fireworks don't get canceled but I also like how the balloon lights up isn't it very fancy it's gonna light up more once it gets dark out but the string is so long look at this holy moly oh wow a lot of people are now here it definitely filled in okay but Mickey is walking down Main Street right now look at this wow what are the chances of oh Minnie's on this side too oh wait and there was Pluto alright now that we got our balloon I have a friend that actually has a spot for me to watch the parade and then the fireworks and you know fingers crossed we're gonna attempt to actually run over to see World of Color so three nighttime spectacular is all returning tonight and if we can get it all done I would feel like that's the perfect Disneyland day what a perfect first Disneyland day look at this we got a nice spot right in front of the penny arcade and I love it I can't wait to actually watch the parade come down and we're front row so we're there's nobody in front of us shining more hearts for its magic separates together and the spirit walk isn't the word And now, it's time for Disneyland forever! Just imagine, if you were standing right here over 60 years ago, you'd be standing in the middle of an orange bar. One visionary man stood right where you are now. But instead of orange treats, he envisioned a magic kingdom. His man's name was Walt Disney in his journal. I loved the projection mapping on Main Street USA. And I loved the music. And I loved the part with Walt Disney and the Orange Groves. That was an amazing show. I loved it. Wow. What a great day. I don't think we're going to make it to World of Color. My virtual queue was called and it says we have like 15 minutes to get there. But it is so packed here. And the line from everyone park hopping over to California Adventure is probably so long. So I'm okay with waiting another day. I'd rather wait another day and close out the video now because this was a perfect Disneyland day to me. Absolutely perfect Disneyland day. I had the best time ever. And I'm so happy to be here again. I am so excited. It was a lot in the flight over and everything like that. I mean I've been going really hardcore and I love it. So I think we're going to call it a day. We've got plenty more Disneyland videos. Stay tuned. Some resort videos. We're going to do a lot. And I am so excited to share it with all of you guys. So I hope you enjoyed this video. I enjoyed making it. We'll see you next time. Bye.


Good morning, good evening and good afternoon to everyone and welcome to the February 2024 hyper ledger financial markets mortgage subgroup meeting. Before we get started, I'd like to express our appreciation to the financial markets special interest group and the hyper ledger foundation for their ongoing support and making this group possible. I know as we go through this call, people are going to be joining and Karen, Tony will be joining us as the call progresses. So let's go ahead and get started. As always, please note that this meeting is being recorded and is under the umbrella of the hyper ledger foundation. So we ask that everyone abide by the antitrust policy and the code of conduct. The antitrust policy states that we avoid discussions of company specific products and projects. We don't make negative remarks about other companies or products. And the code of conduct means that we that we treat each other with respect. Don't discriminate and communicate constructively. We fully support hyper ledgers policy of openness, equity and inclusion. Everyone's welcome to our meetings and this is intended to be an open forum for sharing ideas and having a constructive discourse. We'd like to express our appreciation to all hyper ledger members and this slide shows premier and general members as well. If you're new welcome and feel free to introduce yourself in the comments. But lurking is more than welcome as well. I know I lurk on quite a few of these hyper ledger meetings. Here's our agenda for today. We've covered the introduction and next we'll go over some hyper ledger community information. And then we'll get an update from Karen Otani on hyper ledgers plans for 2024. And James will then give us an update on blockchain in the mortgage industry. Then we'll close with any questions and we may need to move some things around on the schedule. So please be fluid with us or please be patient with us as the agenda may change a little bit. So we always cover the slide at the beginning of each meeting and this is to reinforce that we're all on the same blockchain journey. But we just may be at different points along that path. This group is meant to help everyone on their blockchain journey and to demonstrate the feasibility of blockchain technology through mortgage industry use cases. We want to define potential implementation path for the mortgage industry and answer some of the questions of what does the mortgage company need to implement blockchain and how difficult is it to implement a blockchain. The next several slides. I always mention for those that are new to the group or would like more information, but I'll go through those pretty quickly. This slide provides links to different resources. The Linux foundation hyper ledger foundation financial markets special interest group. And then the second one from the bottom is the mortgage subgroup wiki. This wiki contains the meeting notes for our groups recordings from previous sessions and curated articles about blockchain in the mortgage industry. These are great resources and we'll reference them throughout the call. If you want access to these resources, you will need a Linux foundation ID or LF ID. This slide walks you through that. I'm not going to go over this, but it's just to provide you that information. You can also obtain the hyper ledger fabric certification. I highly recommend that. And for those that are new to blockchain, here are some links to free blockchain training that I've taken myself and I think it's very worthwhile. I want to remind everyone about the hyper ledger 8th anniversary event on February 14th at 10am Eastern and 7pm Pacific. We'll put a link in the meeting chat, but this is going to be a great opportunity to talk about some of the remarkable achievements of the hyper ledger foundation gain insights into the latest developments within blockchain and distributed ledger technology. And also to connect with some of the industry experts and tail trail blazers within hyper ledger so highly encourage that you join and we will provide you a link. Hey, the next part of our agenda. I believe I'm just going to check to see if Karen has had a chance to join us. Yes, she has. So welcome Karen. She has sent us some slides. So what I'd like to go ahead and do is just give Karen a introduction and then hand it over to her. Karen Otani is the senior director of ecosystem for hyper ledger foundation and has been with hyper ledger for 6 years. She plays an active role in building the diverse ecosystem of innovative companies developing and implementing enterprise blockchain in various industries. Her areas of expertise include digital assets, interoperability near and dear to my heart and blockchains impact on different payment models. Prior to hyper ledger, she worked as a strategic business manager in the blockchain practice at Tata. She's also worked on numerous overseas role with USA aid. Timonix International in various social enterprises. She's also fluent in French, Portuguese and Spanish and she is on the road and has joined us. Hey Karen. Hi. How are you. Hi, I'm doing good. I think everyone's doing well on the call. How are you doing. Can you see me. Yes, we can. Okay, I see your face. I'm going to go ahead and switch to your slides. Perfect. I am going to be doing this from the car. I'm on the way to an event in DC that came up unexpectedly on my schedule. That's quite popular. So I was able to get a ticket to it so I couldn't miss it, but I also couldn't miss this. So I'm, you know, doing what we all do these days, multitasking things at the same time. Okay, great. Well, thank you for joining us Karen and your presentations up. Just give me guys, I'd like to go. So I'll just turn off my camera so it's not distracting from the presentation. Do you want to put it in the slideshow mode or shall I. It is in slideshow mode. I'm sharing. Actually, Marvin. Marvin will still, we're still seeing our presentation that we put together. Let me stop the share and restart just to make sure. Hey, can you guys see the new presentation now. Perfect. And if you put that in like full screen, it should present just like flies. There you go. There you go. Okay. So we should go to the next slide. I wanted to take this opportunity. You know, I know this audience and sometimes the people who are new to the hyper ledger community. Or who maybe are more honed in specifically on the mortgage. You know, ecosystem. So when I provide a little bit of an overview of hyper ledger itself. So who we are. So hyper ledger mission is really about building better together and together being, you know, a key word in that tagline. We are the home for open source enterprise grade blockchain technologies. We are really at the forefront of what enterprises and organizations and governments are doing with with this technology. And, you know, more and more serving as part of the basic infrastructure as long. Next slide. We are a part of the Linux foundation so hyper ledger foundation is an umbrella for several different open source code projects. The Linux foundation is itself also an umbrella for many different open source foundations, working in different technologies from those in your phone and your car and your computer in movies, even. So hyper ledger is the sort of DLT blockchain home at the Linux foundation for what's being done there but we, you know, leveraged and build upon the best practices that the LF has been doing for many years. Next slide. And our key three main things that we focus on, obviously open source that's I think clear most people know and are aware that our technologies are free for anyone to use and participate in. But an additional sort of nuance that made me people aren't just familiar with is open development and open governance. Open development rate really is all about how, you know, anyone can get involved in the development of the code in becoming a maintainer and open governance is really about how the code itself, how the direction of what each project is taking the roadmap is also open as well and is decided by any sort of, you know, you know, closed group of companies or company as Marvin mentioned we are celebrating eight years. And we have this event that we would invite you to join us. I also have a slide on it as well. So we've been around, you know, since the really the beginning, and we see hyper ledger as having really shaped the enterprise blockchain ecosystem. And these are just some figures that can support that influence so we have eight projects that have graduated five that are incubating and even more that are in the labs. And these are innovative young projects that sometimes eventually become incubating or graduated projects. We have a number of special interest groups are long, you know, various topics such as this one regional chapters. So we're, we're, you know, very, very global we have communities that are active in the Americas in Brazil and Japan in India. everywhere. So it's a it's a truly global community as you can see as well by the number of meetups and participants. Next slide please. And while, you know, this group focuses on a very specific topic of use cases. Our technologies are being leveraged and applied in production use cases in almost every industry that you see here. So we have examples of this on our website with our case studies, which I encourage you to take a look at these are production examples. And then we also have excuse me, I use case tracker. That includes, you know, advanced stage projects in a variety of industries as well so I encourage you to look at that, too, if you're interested in what's happening outside of the market space. As a foundation, we are, we are a membership organization we are our activities, our events, our staff are all funded by our members, which allows us to provide the technologies free and open for anyone to use. That allows us to build the communities that the technologies benefit from, and that companies then benefit from by leveraging and building their products and services on top of. So, next slide please. You have your members, you have general members. These are all companies that are using hyper ledger building a hop up hyper ledger or just supporting, you know, the enterprise ecosystem and an open source technologies being available for them. Next slide please. We also have associate membership for governments and institutions. We also announce our new members on about a quarterly by monthly basis basis. So, keep an eye out for new members that are joining. Next slide. Part of why companies join as members is because they are building products and services on top of our code that are critical to their lines of business, which means they want to make sure that that code and that community that is building that code has longevity and sustainability to it isn't tied to the future of any one organization is vendor neutral and like I said earlier, developed in the open and governed in the open because they feel more secure in the future of the of the code that they're using with that framework. Next slide. And when you join as a member, you get access to our in house experts such as our team. A lot of community tools and resources introductions within our community we have a number of member only events including a member summit that happens once or sometimes twice a year like it did last year. Like the case studies that I pointed to you on our website earlier we do a lot of content creation with our members as well, speaking opportunities things like that so if it's something you're interested in, please reach out. Next slide please. So as I mentioned we've really been here since the beginning of the blockchain space building and shaping enterprise markets. And we are open global and trusted as a result of that. Next slide. This shows you the timeline of some of our projects that when they became, you know, we're contributed to hyper ledger. So from the very beginning in 2015 we had fabric any Roja. And as we went along did July netting in D code basis contributed cello which is a tool that you can leverage with hyper ledger fabric. And then as we move along you can see just the progression and addition of all the projects that you see there today. There is a project lifecycle. Some projects may have been contributed in the past that you don't see here anymore. And that's because they, they have been archived. That's just a normal part of the project lifecycle. Sometimes projects, you know, are reached a natural end they fulfill their purpose. And sometimes just, you know, there isn't a need anymore for that project or there isn't a community around it. And so we have a method in our open governance. This is discussed in public meetings where there's a there's a discussion about archiving so some of those, you know, may not be there here, but that's what we have today. And this slide I wanted to highlight just because, you know, there's always been a lot of interest in the ethereum community the huge developer community, and a lot of people are using and interested in hyper ledger basic today. And while hyper ledger basic was contributed to the foundation in 2019. We actually had, you know, ethereum participation and support since 2016 2017. So even earlier there was this project called hyper ledger bro that was honestly ahead of its time. And it allowed for you to use, you know, EVM with different ledgers. And since then, though, basically was contributed we've gotten, you know, EA and EF as part of our community. We've got an EVM fabric labs, so long as a solidity compiler and hyper ledger basic is one of the main ethereum mainnet clients. So there was recently some news that came out about some events around the ethereum client diversity. And, you know, basic is one of those EVMs that contributes to the client diversity and thus the security of the ethereum mainnet. Next slide. So these are our current graduated projects. If you can find more information about these other website, I'm just going to highlight a few that maybe, you know, our adventurous I know I didn't I'm not highlight highlighting fabric because I think that's a code base that this community is already familiar with and has used. So, but of course fabric is, you know, one of the most widely used BLT out there has been used in more production use cases than any other permission BLT. So, so I'm highlighting on the next two slides. One that you may be you may want to learn about. So, as I mentioned earlier hyper ledger best you this is a client of ethereum, it has both public and private options. You can use all ethereum smart contracts and token standards on it. There's a lot currently by the financial industry, because, you know, a lot of companies in that industry want to be able to work in both public and private spaces, and don't necessarily want to make a decision on that right now but want to have a future option So, you'll see bases being used in a lot of, for example, there's the city. The city just launched their token services with Merisk. They're using that finality, if you've heard about finality, sort of like holes, they're acting as like a manufacturer wholesale CVDC. I mean, the private sector on that's leveraging hyper ledger base to the strict CVDC sandbox is as well so there's a lot going on with me to right now. Yeah, next slide. Hyper ledger cacti so interoperability is a challenge that everybody's always wondering about how do we do this. And hyper ledger cacti was a team of people from Accenture Fujitsu and IBM came together at one of our hyper ledger events our global forum. And they said, you know, let's, let's actually get to work on this and figure out a way to make this happen and cacti is very is a bit different than some of the other interoperability tools you might be hearing. Out there like bridges, which has gotten a bit of becoming infamous. This is not about creating these sort of specific one to one networks or creating a network of networks. Cacti takes a very different approach and provides these solutions that allow them to adapt to new protocols very easily so there's currently connectors between fabric basu corda. And then a few with some public chains to as well. And take a look at cacti and and harmonia with a lab that was actually just contributed by our three. That also is is a complimentary interoperability tool as well. Next slide hyper ledger fly firefly. This is a really useful project for you to get to know if you're looking for some more. You know, abstraction from the sort of layer one. Work that there is it allows you to, to launch networks very easily. They like to call themselves the open source gateway to web three, because it's a complete stack for you to be able to build and scale web three applications.  Connecting to the system. So, this was contributed by our member hyperlido. And, and they recently reached. Last fall, graduated status of log there if you'd like to catch up on that. Next slide please. There's a number of leadership that hyper ledger foundation engages in some of it around you know the case for open source or, or as of late, the central bank digital currencies. We have a book that I encourage you to stand you the qr code right there and hopefully it works. And take a look at it. If you're interested in how our technologies are being used for CBDC. This is a nice overview. I think there's about, I think there's like 1718 examples in there. So quite a few of the research and pilot projects and even live CBDCs that are out there in the world are using either type ledger fabric basu tactile or any Roja as well. This is a map of that you'll find in the ebook that that has all the examples you'll find in the book of where hyper ledger technology to being used you can kind of see we have the little logos. They're all mapped everywhere. And it just shows, you know, open source really is something that governments are valuing for their research on this use cave. So, you know, you're already involved by being here at the mortgage subgroup of the financial markets sake, but there's other ways that you can get involved if you have certain connections with Latin America, or Brazil we have regional chapters there that are really vibrant communities that put together lots of good content presentations but also do sometimes they're they're doing hackathon sometimes they're doing different series speaker series or learning series. The India chapter is is prolific. They're really a model for, you know, an engaged community. So I encourage you to take a look at that as a way as another way to get involved. Next slide please. As Marvin mentioned, we have this upcoming events we are celebrating eight years. And we really wanted to take this moment to reflect and bring some really, you know, high profile leaders from our community that have been a part of our history and are also a part of our future. So, please register and join us on Valentine's Day back one please. So, we have a number of workshops, you know, if you're I highlighted a few of our projects we have many others. One way in which we get and we help people get started is through these online or sometimes in person workshops. They're recorded so the ones that I highlighted in green here are upcoming. I want you to, I mean, I think one is basically going on right now. So you'll you can catch the recording for that. But we have a zero knowledge proof that's coming up in April. The other ones are previous ones that I've been reported so these these often get very in depth or you know two to four hours long don't get intimidated by that. It's not boring. It's it's for it's made for people who really want to get into the details and not and move beyond the surface level information on these projects and applications. Webinars are, you know, typical one hour so more like giving you a highlight of a use case or something that one of our members did. These are our members that are sharing what they're doing with our technologies. And I encourage you to sign up for these.  The place to go is discord this is where our open source community communicates and meets there's a channel for for almost everything you can imagine in there that you might need help with. Why do companies get involved because you know, sometimes it seems like, oh well what you know what if I'm not really sure what I want to do or, or what I want to build if I'm not building thing you know why use open source why get involved in our community. You know, this is a question I get a lot so I thought I kind of preempt it here. I'm leveraging existing infrastructure existing. Foundation that are not where you compete on helps you decrease time to market and accelerate the work on a project you're doing. You'll, as a developer, or a technical person you gain experience, working in open source that also makes you very hireable that and for companies, you know that means you're building an in house expertise as well. That's very valuable. Like I said, everyone's on discord if you need help so you can tap into this, this much broader community that's there to help, you know, you know, from their own good well essentially to a certain extent obviously. And more importantly is like if you really get involved you can help shape the direction of what the project is working on to fill to fill your needs and your use case. And, and you help make sure that this is something that's going to continue and and if it's something you're leveraging for your use cases, it will be there will be longevity to that community and to that code. Next slide please. So, you know, love to hear what you all are interested in, you know, in terms of what our outlook is for 2024. I think you're going to see a lot more. We have a lot more workshops plans, both virtual and in person on the topics that we find we're hearing a lot of interest from so you'll see. And, and also just repeating ones that I think we found successful last year you'll you're going to find workshops on CBDC on base to on fabric. Coming up this year, as well. So, you know, sign up for our newsletter on our websites, so that you can be abreast of when those are available. And another thing that I think you'll find like just in general topics that we see of interest there's going to be a lot of, I think, discussion around CBDC, you know, applications and financial services. And also, you know, things related to zero knowledge and privacy, as well as there's a lot of interest that's why we have a workshop coming up on that topic itself. We will be doing our member event at the end of October will be announcing that very soon.  And then we will be having a presence and a lot of upcoming industry events. So, we haven't made final decisions on all those just yet. But, but you know, it's some of these major ones that are coming up you will see hyper ledger there so we invite you to come. Join us at the event. Our members can join us at our booth and come say hi to us if you happen to be there as well. We'll know more about that on our website under events. When those are officially announced. And these are just, you know, all the different ways in which you can kind of engage and get information or reach out to us. We're all always open and available to chat and talk and help whenever someone in the community needs. I can. Thank you so much. So yeah, if there's any questions, let me know. I'm happy to clarify anything. Thanks Karen that was great information this is Marvin I, I do have one question for you. In 2003 there was the whole crypto winter that I think impacted a lot of what was going on within blockchain, not just from a crypto perspective, but within the past month or so it seems like things are beginning to grain gain traction again, but with a slight twist you mentioned B. So quite a bit and what I'm starting to see is there is a lot of interest, but from a more ethereum perspective so using that as a token using B. So in what what do you think about that what are you seeing out there because that that's what I'm interpreting from what you just mentioned. So what in terms of the shift out of crypto winter. Yeah, yeah, and how things are gaining traction but from an ethereum perspective, at least that's how it seems to be starting. Yeah, I think I think that, you know, things are are definitely looking up. I think some of that also has to do with, you know, more and more kind of clarity on regulations and what governments are doing. The event I'm actually going to is at the OCC. There's a whole event there on tokenization I think that that also really gives more, you know, confidence and stability in in the industry overall, we are we are lucky and that we're some somewhat you know, sheltered from the ups and downs of crypto it definitely affects, you know, invest the investments that companies make or the Sorry, hold on. Sorry, definitely affects the enterprises, you know, how they focus their resources, but you know, being that we are not in the specifically the crypto space. And even when there is a crypto winter, you know, our work continues, because our work is really, while there is definitely a lot of connection to financial applications and you know, things related to crypto but more so like, you know, existing infrastructure and existing financial payments and currencies and things like that or, you know, the way that the private institutions work together so I think there is somewhat that that work still continues because this is about changing the way companies work, even in whether or not it's related to the crypto space right. And this is about building your network of supply chain like our trust your supplier this has been really successful continuously pressure supplier continuously wins awards that's built on hyperledger fabric. There's just, there's just a lot of diversification in our community so for us the work has always continued but you know we certainly see a big change happening. And it's looking more positive for the crypto space. Okay, great. Thank you. There was a question in the, in the chat, I'm going to go ahead and answer it. And then if you want to chime in as well. I believe that the mortgage industry is one of the focuses of the subgroup, but from a quick scan of members I only recognize that center and Integra. Are there other mortgage related members that Alan may have overlooked. There are several other mortgage companies, specifically a stock of Pazza, for example, I believe that they are a member of hyper ledger that I think they joined recently. They actually presented a couple months ago. JP Morgan Chase B of a third the large finance institutions that they also participate within hyper ledger and we've had some of them join us on the mortgage subgroup as well in Karen was there anything you wanted to add or or James as well. You know, actually I was going to add to that Marvin with there's a numerous other companies out there Alan that are working in the blockchain space. They may be involved with hyper ledger they may not but definitely there are other companies. If you go back through our presentations over the last three years you're going to see highlights for those if you take a look at the wiki I'll be talking about that in a moment. And you'll find highlights from those as well and in a few minutes I'll give an update on the mortgage industry and I've actually got several of those topics I'll be covering today. And Alan, I see you're asking about the name so I may have tried to answer that question to focus. I just mentioned companies or mortgage companies that are members of hyper ledger. But as James alluded to there are a ton of mortgage companies that are involved in hyper ledger in blockchain and have presented to this group and James will cover those. You can take a look at those that are wiki as well. Yeah, you know, I definitely wish there were more. And, you know, why that is it may be that you know what they're working on is, you know, more in house things that they're not necessarily sharing publicly. And so we haven't engaged with them. It may be that they're using, you know, other technologies and are haven't explored hyper ledger yet. Although I do think a lot were a lot have have used fabric in the past so there's a myriad of reasons but I definitely, you know, would love to see more and encourage more companies to, you know, take a look at what's happening in our space I think it's pretty significant. And if you're not you're missing out. Yeah, absolutely. I think one of the things that I did want to stress is just the advantages of hyper ledger fabric and firefly there are so many tools out there I think what Karen really underscored is there are so many channels and avenues and sources of information from a hyper ledger perspective that allows you to get up to speed and build things within hyper ledger that you may not be able to within other platforms but I don't want to venture too far into that but if you do want to have a side discussion with me about how we've been able to build within hyper ledger in reach out to me and I can definitely tell you and I can. James and I can give you a ton of names of the other mortgage companies that are working within blockchain and hyper ledger specifically. And then there was another question what are the opportunities for a new be within hyper ledger in Karen I did you want to answer that. I know you're, you're at another event so I don't want to. Yes, of course, I'll have to run.  We have a lot of different trainings, so I encourage you to look on our website and check out some of the online trainings that we have the workshops that I mentioned as well. And then definitely definitely join the this board where you'll see the community meeting don't be shy don't be afraid they're very welcoming they're open. They're totally normal to have new people show up and ask questions. That's what this community is all about. There are also. Once maybe you get past the beginner stage we've taken some courses, you could start even joining some of the contributor calls. And, you know, engage in discussion about what's happening in the fabric community. So that's where I would say get started. The other thing I would say is look up wherever your base look up. Just Google hyperledger meetup in your city. And there may if it's a major or even a midsize city, we have a lot of meetup groups there. Because there you'll find, you know, local people that you could connect with they often do in person events that you can connect with to help you on your learning journey as well. And then once you start building something, come tell us about it. Let us know because the thing with open source is that anyone can use our technology so we don't always know what people are doing with it unless, you know, they come and share it with us. So let us know what you end up doing. Thanks Karen that that was a great answer and one thing I just want to toss out there. Just go on GitHub, do a search hyperledger whatever type of application you're thinking you're building chances are someone's already taken a run at it or at least there's quite a bit of information out there. So, check out GitHub. And before I go, Alan, who I think asked some of the other questions, you know, if you want to talk more about whatever it is you're looking to do or want to learn more about the community, please, you know, feel free to reach out to me. You can reach me more simply. I mean, my email is kind of long so membership at hyperledger.org is easy to remember. And, you know, feel free to email me there if anyone has any follow up questions. Okay, great. Thanks Karen we definitely appreciate you joining us you've given us a wealth of information and really interested to see what else hyperledger is going to be doing in 2024 so thank you. Great. Thank you so much for inviting me. I hope it was helpful. And we'll see you online or in person somewhere in the world. Thank you very much Karen your support and the support of the hyperledger foundation has been fantastic. We greatly appreciate it. Okay. Thank you. Thanks, thanks Karen. Now going on to the next portion of our agenda the status of blockchain in the mortgage industry. I think Alan you'll find some of this information really interesting James always does a fantastic job of giving us an overview so take it away James. Thank you Sarah let's go ahead and bump up to the first slide. I've actually got a lot to cover today so I will move pretty fast. You know the fortunate thing all of this information and more is available from our wiki site. During Karen's presentation, you guys heard about hyperledger Bezu I thought this would be a great way to, you know, open our discussion today. The first articles from Mark Lewis he's a managing director at Colato, and he really discusses the advantages of hyperledger Bezu. He goes into a variety of different case studies as you can see by the article covering everything from supply chain identity management voting health care you name it. Three of the big topics that really focus for this group. The first one was in banking and finance discussing decentralized finance applications like payment systems asset management and smart contracts. And how hyperledger Bezu provides secure and transparent financial transactions reducing cost and complexity. He also has a use case related to real estate and blockchain based real estate transactions reducing reducing the risk of fraud, simplifying the over process overall process and reducing costs and you know those are themes that we hear continuously throughout our, our blockchain journey. And then the third one is really around digital identity, allowing users to manager their personal data securely and privately on the blockchain, particularly useful in both the finance and the health care industry. It's a great article with some great use case scenarios. I'll admit it is a little bit of a sales pitch for Colato but I do think that the content is worth taking a look at for this group. The second article this is actually coming out of a company called block BR which is located in Brazil. Block BR is a company that develops tokenization infrastructure, and the articles really about the investment potential being developed through real estate tokenization, utilizing fractionalized investing. So asset owners can split them into hundreds or thousands of tokens with very low value. This allows smaller investors to participate in the market and have greater great greater gains than the CBDCs and savings accounts. The token is produced and traded on a blockchain platform with high quality security total transparency and agility, and it eliminates financial intermediaries between the public and the bidders which reduces the overall operational costs. So token platforms work around the clock providing users with the ability to buy and sell tokens at any time day or night from literally anywhere on the planet. Fractional real estate tokens allow diversification of portfolios investors pay less and distribute their capital into other assets. This article two is a bit of an advertisement for Block BR because the Block BR platform is where Brazil is trading these real estate tokenizations. But we have been, as you guys have seen over the last year or more with several of the articles, we're seeing more and more of this type of activity. Not only, you know, in South America, but we're seeing it in Europe, we're seeing it in Asia, we're seeing it in the Americas. Next slide. Okay, this next article is from the Scotsman guide. I actually found it a fairly interesting article it covers a lot of the topics that we've covered over the last probably year and a half to two years now. It ends up with a lot of statistical information so you'll remember previously we talked about the Fannie Mae survey that was out there that pulled hundreds of senior mortgage executives in 2021. As you'll recall 25% of those respondents were at least somewhat familiar with the black chain concept, but 68% had yet or yet to consider using it in their organization. We've also seen production expenses hit a record high of about 13,000 per loan in the first quarter of last year, according to the Mortgage Bankers Association, which is well above the long term average that we've been seeing of 7,000 or so per loan. They talk about the McKinsey report that we covered revealing customer satisfaction scores around the mortgage industry are between 30 to 40% lower than under other industries. And then last summer we talked about the MISMO blockchain lab that's been set up, and they estimate that blockchain could reduce closing times about 30% and overall costs relatively around 25%. And then one of the last statistics they were talking about actually core logic analysts believe that efforts to integrate blockchain are likely to be bumpy and slow moving. Using tools such as digital asset verification, employment verification, income calculators, they've all faced opposition from originators and underwriters in the past. And although blockchain has not developed widespread adoption in the industry as of yet, there are some prime examples of successful integration. So we've talked about figure technologies. They originated more than $6 billion in HELOC loans and recently began partnering with independent mortgage banks on proprietary HELOC products with a 100% digital application process. We also last year talked about Redwood Trust subsidiary Corvest. They securitized $313 million in single family rental loans with blockchain provider liquid mortgage, providing the ability to track daily loan level payment activities. A great article from the Scotsman guide going into a lot of the details of those and other transactions that have been occurring. A lot of them tie up to what our presentations have been over, as I said, probably the last year, year and a half. The next article kind of sticking with that AI theme that we were talking about last year. You know, how does blockchain and AI work together? This is coming from the Blockchain Council and it's actually was published on LinkedIn. It is a very high level article. It starts out with an overview of both blockchain and AI technology. It identifies the common ground between blockchain and AI, so the data quality, security, the decentralized type of architecture, utilization of smart contracts. But then it delves in a little bit more focused on first, how does blockchain enhance AI? So some of those topics include data security and integrity. So if blockchain's immutable ledger ensures data is highly secure, and this security aligns perfectly with AI's need for trustworthy data sources to make accurate predictions. There's the decentralization aspects of it. There's the transparency and accountability aspects of it. Blockchain enhances accountability and AI-driven decisions, providing increased confidence in the AI algorithms. It then also looks at how does AI enhance blockchain through security monitoring and threat detection, through enhanced data analytics, through the use of smart contracts and automation. For instance, efficiencies of interactions between AI and blockchain, AI can analyze data, assess real-world conditions, and trigger specific actions with smart contracts on the blockchain. And then lastly, he touches on real-world use case scenarios of blockchain and AI collaboration in a couple of different industries in the supply chain industry, the healthcare industry. So within the financial industry, they discuss examples of blockchain and AI are in use in a variety of examples, including smart contracts, AI algorithm, utilization, and peer-to-peer lending platform. So again, if you're interested in AI and seeing how AI and blockchain can work together, this is a great article that touches upon it at a high level. And then moving on to the last slide, Marvin, and I see we're getting down to the last five or six minutes. So this last one, this was the Q4 Friends of Providence Blockchain update. It was actually a live presentation on January 24th I was able to attend, but there's a link to the article within the Wiki. In the slides, you can see the operation metrics reported by the Providence Blockchain Network for 2023. The highlights include year-over-year transactions were up 156% to more than 4 million, or yeah, more than 4 million. They ended 2023 with 9.4 billion in total value, all of which is in real-world assets like loans, private company equity, and private funds, which I thought was actually a very interesting observation. This is up 29% year-over-year. In addition, at the end of 2023, there were a number of bonded tokens doubled year-over-year also by roughly about 11%. You know, as we've seen, and as even Karen mentioned in her presentation, currently, there is an uncertainty in the legal, the risk, regulatory environments out there related to blockchain and its utilization. The Blockchain Foundation, one of the things they talked about in their update is they're going to be spinning off Prove Labs from the foundation, with the foundation remaining a nonprofit, which is going to continue to focus on these issues of risk and regulatory and legal, while Prove Labs will become a for-profit working with firms and fintechs that are looking to migrate on to the Providence Blockchain. The biggest news announcement I think they had over the last year was the Monetary Authority of Singapore's Project Guardian. So back in November, we briefly mentioned JP Morgan's ONIX digital asset team, working with Apollo and Wisdom Tree, enabled fund managers to tokenize funds into a private permissioned instance of the Providence Blockchain, with JP Morgan's ONIX platform and Avalanche. Wealth managers were then able to sell, buy, and rebalance thousands of separately managed positions across the three blockchain systems. And this could have a significant impact on an industry that's valued at roughly $5.5 trillion. We've discussed new features that were coming out or that were released in the month of January, the hold modules and the exchange modules. And then at the very end of the article they do touch upon an update on their grant program. They have issued $4.7 million in hash grants to recipients. I highly recommend, this is about a 14 minute read, but they do have the video recording from the hour long webinar that was in there. I highly recommend checking out the hour long webinar, because a good 20 or 30 minutes of it is dedicated to demos from some of these hash grant recipients. On-chain AI demoed Victor Fang, the chairman and CEO. He had an overview of their use of analyzing blockchain with AI. And then in Venium, Pat Omira, the CEO, he's discussing how in Venium facilitates the movement of data with proof of origin and proof of process in order to compute data upon demand. And all these tools are being utilized within the finance industry currently. So definitely take a look at those. They do a fabulous job on the presentation and walking you through their tools. Let me pause there and see if there's any questions or additional comments on those articles. Fantastic. Let's go ahead and move over to the next slide. So this is the Hyperledger Wiki and this is the mortgage industry subgroup page. Over on the right hand side of the page, you'll find information about the LFID and how to join it. Marvin mentioned that at the beginning of the call. On the right hand side, you'll have the articles that I've referenced. All of those are located there along with the last couple of months worth of sessions. And then over on the far left hand side, you'll see a number of submenu options, all of our previous recordings since 2021. So Alan others that are interested in checking that out, you can find those there along with leaks to the presentation. And we have curated roughly by the end of last year over 250 different news articles. This year alone in just two months or really about a month and a half, we've already curated almost three dozen new additional ones, but you can find old articles that we've discussed in our presentations over on the menus on the left. And if you're looking for additional information, again, feel free to any time to reach out to either Marvin or myself. Marvin, that's everything I've got. I'll hand it back over to you. Thanks, James. Awesome timing. I show 959 and it just ticked over to 10 o'clock. We probably have time for one or two questions. So we do still have some people on board. Anyone have any questions or comments before we all sign off. Okay. With that, we'll just go ahead and sign up again. Thank you to Karen for joining us and talking about hyper ledger. Contact information. If you do want to reach out to us and have any questions or comments. And I think that that's it. Our next meeting will be the second Thursday of March. So March 14. I hope you join us there. Thank you, everyone.


From theCUBE Studios in Palo Alto in Boston, connecting with thought leaders all around the world, this is a CUBE conversation. Hello everybody, welcome to this special CUBE conversation. You know, as the COVID-19 pandemic grips the world, our friends at Enterprise Technology Research have been hard at work to really try to understand and quantify the impact on IT spending. And with me is Sagar Kadakia, who was the director of research at ETR. Sagar, great to see you again. Thanks for coming on. Great to see you, Dave. Yeah, great to see you, Dave. Thanks so much for having me on. So you guys just dropped your first look at the latest survey, and you specifically went out and asked about the impact of coronavirus on spending. Can you share with our audience your working thesis? Yeah, no problem. And just to give some context, there was so much internal interest, so much interest from clients, not to just understand, you know, how many organizations were being impacted, but what are gonna be the budget impacts, you know, on 2020, when you think about IT? And so that's kind of really how we structure the drill down that, and really getting to the bottom of why are these budgets changing? And so kind of our thesis right now, and what we're seeing based on the data is that budgets have come down to about 0% or flat for 2020. I think coming into the year, incentives was right around 4%. So you've seen a retraction from that. And if the environment continues to kind of go south, if we continue to see actions taken at the federal and state level, where more people are gonna be quarantined working from home, I think technology spend will inevitably continue to come down. But there is some positives that we are seeing, but right now we're right around 0%. And we should explain. So this is currently a little over 1,000 respondents and you'll continue to collect data for the next several days or even weeks, correct? That's right exactly. So we launched a survey on Wednesday, and right now we've got about 1,100 CIOs, IT executives. It's a really global sample. The goal was across different job titles, across different regions, across different verticals, ones that are being impacted significantly, ones that are being impacted less. Let's try to gauge overall what's going on with IT budgets and why people are making the decisions they are making right now. And so that was really the focus of this study. Okay, so there's obviously some negatives in the data and there's a high degree of uncertainty, but there are some bright spots that we see, particularly the shift to work from home. And I want to ask you about a chart that you guys put out. It shows large portion of the survey, about 40% of the respondents indicated really no impact to spending and another 20% are actually accelerating their spend as a result of COVID-19. Can you add some color to that? Yeah, I think that's, I think the positive spend or the no change in spend, I think that is what a lot of the market right now is missing. And I haven't seen a lot of research on that because no one else has really been able to quantify how budgets are changing. And so as you noted, we're actually seeing people accelerate spend because of COVID-19. And the reason is, they're trying to avoid a catastrophe in productivity. They are ramping up all this work from home infrastructure, not just collaboration tools, virtualization infrastructure, increasing VPN networking bandwidth, mobile devices, laptop, security, desktop support, you're a Fortune 500 organization and you have 40, 50, 60,000 employees working from home all of a sudden, you have to be able to support those employees. And as a result, you're actually seeing a large number of organizations accelerating spend and even the ones that are being hurt by the broken supply chains, the demand coming down, you're seeing some of their spending, acceleration being offset by spending a little bit more on kind of what we're calling this kind of work from home infrastructure. Yeah, so in the chart you put out, there's a lot of red, but there's also quite a bit of green and then a big midpoint of no change. Sis, the midpoint average is a negative 3.8%. Can you explain what that means? How we should interpret that? Yeah, I think the easiest way I think about it is, consensus expectations coming into the year were that there was going to be a growth of roughly 4% in global IT spend. What we're seeing at the midpoint average right now is roughly a 4% pullback. And so that's kind of how we're getting back to effectively flat or 0% growth. And I think a lot of organizations, a lot of clients that we've been talking to, their expectations were, it was going to be a lot worse, just if you're following what's going on in the news, the markets and stuff like that, and rightfully so. But I think a lot of people are missing the fact that there is some of this offset that is occurring from people who are not changing their spend because even though on one side, they are reducing IT budgets and they're having to accelerate their work-from-home infrastructure. And then of course, the bucket of organizations where, look, I'm not being as impacted by the broken supply chains or the demand, but because I have so many employees working from home, I need to be able to allow them to be productive. Sorry guys, you know, we've been working with ETR now for the better part of six or seven months. And what I look for in the data is I try to identify some of the macro trends that I see when we talk to the Cube guests and try to see if your data confirms that. And the other data point you put out was the anticipated IT budget growth rate. And this chart to me was amazing because it started in early to mid-March, early March 12th, sort of the starting point. And then you can see the sentiment, it just declines. It's almost exactly the way in which just daily, you saw coronavirus news just really impact the markets. And so can you just explain kind of what you're seeing here in terms of the growth rate of that IT spend in terms of how people were responding over the course of March? Yeah, one of the things we knew going into, before we launched this drill down was, this is going to be a very dynamic environment. Even before we launched a study last Wednesday, every single day another shoe was dropping in terms of government actions being taken, what people were doing. And so we made the decision upfront that when we launched this drill down, we need to be able to track the daily impact over the next three to four weeks because we don't frankly know how it's going to change. And so in that chart, what you're seeing is when we launched a survey just last Wednesday, you did see a little bit of a retraction. I think maybe five or 600 CIOs had taken it just in the first day or so. You saw about a 2% retraction in annual budget growth. And just over a few days, by last Thursday, Friday, where they really, everyone was working from home, they put a lot of different mandates in place, again, at the state and federal level, you can see that that was dropping almost daily. And so I think our thesis again is look right now, we're at 0% and again, some of that, the reason we're not more negative is because there is some offset occurring from the ramp and work from home infrastructure. But ultimately, if the environment continues to sour, we expect growth rates to continue coming down and ultimately be a decline in spend versus last year. And you made the point that is somewhat counterintuitive, but like you said, before I've not seen any other research on this, certainly not as fresh as the ETR data. The other thing that I really like about your data set is you can drill into the industries and try to identify what's going on within sectors, within industries, you can drill down at the specific vendors within those industries. But what are you seeing in terms of industries that are being affected? Obviously, those that are exposed to supply chain are susceptible, but can you share with our audience what your findings are there? Yeah, industrials, materials, manufacturing, retail, consumer, the healthcare pharma, those are the verticals from a supply chain perspective that are indicating elevated levels of broken supply chains. And what's actually interesting is we, in this survey, we actually asked not only whether your supply chains were broken today, but do you anticipate or do you continue experiencing broken supply chains in three months from now? And those percentages were up. And I think that really tells us that this is not a one or two month type of recovery. We're going to see supply chains and demand continuing to be broken, continuing to come down over the next three, four months. That, I think, is probably one of the biggest takeaways from the drill down study. Now, one of the things that struck me, and if you think about the post-911 world, I mean, we've seen permanent changes as a result of 9-11, and many people are thinking that COVID-19 will also cause some permanent changes. Perhaps people find that work from home actually drives some additional benefits and it really kind of reframes their thinking. Do you have any thoughts on that? I think based on the data that we're seeing so far, a lot of CIOs did indicate, I think it was right around 70% of the 1000 CIOs that took the survey, did indicate that the budget changes that they indicated were going to be temporary. And I think that's actually a pretty positive takeaway. Again, I think everything is very dynamic right now. Organizations are scaling their work from home infrastructure, right? That is priority number one, that's taking away from other IT projects. So we do expect emerging and next generation vendors to get impacted, right? We're moving towards a keep the lights on strategy right now. And so when we look at it, I think the changes that are being made are temporary, but if things continue to worsen, I think you may see organizations start going into that and those contingency plans and making some of these budget reductions permanent. So yes, there are some parallels to 9-11, but this one, we don't quite know how things are going to end up because every week we find something different out in the news or we don't really know how this virus is going to impact us moving forward. And there's a lot of lack of testing and things of that nature. So I think in the next few weeks, we should get a better idea of whether or not these budgets productions are going to become permanent more so than we're seeing right now. Yeah, I think you're right. I mean, the watch word is uncertainty which makes it all that much more important that you keep a pulse on the market and thank goodness you guys are doing that. I'm interested in if you have any data on the focus on productivity, how organizations are finding their ability to adapt. And really, of course they want to drive that productivity but are they able to scale it? I think that's one of the other big issues that the media hasn't addressed yet. Imagine again, you're a Fortune 100, Fortune 500 organization. You're not used to having 50, 60, 100,000 employees working from home. Forget the infrastructure component, just the productivity, the collaboration. A lot of the commentary that we got from CIOs was we're not ready to scale an entire workforce from home. You're seeing a lot of IT companies that rely on very large conferences to generate revenue, that rely on client meetings to generate revenue. You're seeing a lot of business trips getting canceled. I think something around 70 or 80% of organizations out of the 1,000 indicated that they are canceling business trips. So the productivity is coming down because organizations are just, they're just not capable, many of them of scaling a work from home type of infrastructure. And so you are going to see productivity come down. And I think that probably has the most relevant impact when you think about GDP growth. Organizations are coming forward and saying, we're not going to be able to produce or service as much. And we're not going to be able to prospect or maintain client relationships as much because of travel. And so I think those are going to be some of the bigger impacts that we end up seeing. Some businesses can work from home. And look, if you're in manufacturing or you have employees that work on a rig, there's no work from home option for that. And so I think in the next few months we are going to start seeing some of the declines on those ends. You noted in your analysis that things, would likely worsen over the next three months. That's not surprising. Financial experts are, we're seeing a variety of scenarios. Some are saying it's a self-fulfilling recession. Others are actually calling for a V-shaped recovery, but nobody really knows it. So just to sort of make sure we understand ETR's thinking, you're calling right now for 0% IT budget growth this year. Declines offset by some of the investment in work from home, right? That's kind of the summary on the outlook today and we know that can change. That's right. And I think it's important to state the work from home infrastructure, it is not a one-for-one offset on IT budget declines. That rate is definitely going down faster, which is why we went from 4% to what we're forecasting now at 0%. If things continue to worsen, which based on the data that we collected the next three months, we don't see a recovery in the next three months because more organizations indicated more broken supply change, less demand on the consumer or the business side. And so it's tough to say what's going to happen six to 12 months from now, but at the very least we do know for the next three months, things are going to continue worsening. And if we continue taking very strict actions just across the board, we would expect that 0% number to go into a decline. And so that's really what we're looking for now is because this model is dynamic, because we do continue, we do want to continue pulling individuals for the next four to six to eight weeks as to how their budgets are changing. We should have a better idea because I think right now everyone's watching, right? Are we going back to work in the next week or two? Are we working from home? And the longer we are quarantined, the less meetings, the less that we're getting on flights, the more that's going to add to technology spend coming down. And eventually, as I mentioned earlier, organizations will go into, they're going to go into contingency plans, those temporary changes that they're making right now, those are going to become permanent changes because now they're going to have issues where they're just not generating enough revenue because of productivity. There's a downturn, layoffs, and then you kind of see everything spiral out of control. You know, I meant to ask you, would you talk about infrastructure and we were talking about work from home? Cyber security was another area that is showing some momentum. Is that because people are trying to adjust their work from home infrastructure and secure that? That's exactly it.  Let's take again, same example, Fortune 100, Fortune 500 organization, the number of endpoints you now have. All of these employees are accessing data, emails, applications from home, mobile devices, laptops, right? iPads, things that they may have not used historically. And so yes, organizations are more exposed. And I think a lot of organizations are worried about employees working from home just from a security perspective. So you are going to see, and we're already seeing this in the data as we're looking at some individual companies and things of that nature. Endpoints, access points, you know, those areas are critical and you are going to see more spend in those areas. No question. So let's share with our audience what they can expect in the coming weeks and months. So folks, just so you understand, so ETR has a data set based on a panel of about 4,500 CIOs and IT buyers, about 1,000, more than 1,000, every quarter answer, ETR very consistent survey so you can do time series analysis. And what happens is ETR clients get access to the data, early access, and then ETR drops a webcast each quarter where it updates its clients on the results. So where are we at in that process? You guys go into a self-imposed quiet period and then you release to the markets. Can you explain that a little bit and what we can expect over the next couple of weeks? Yeah, sure. So we launched a survey last Wednesday, we're already about 1,100 CIOs and IT executives. Now it's interesting, we're actually doing this kind of this COVID drill down as well as our technology spending and pension survey. That survey captures spending intent on about 350 vendors across about 28 or 29 different technology sectors. So security, networking, storage. So all that data is coming through in the next few days we're actually going to release what we call thoughts in the field. It's a kind of short narrative, it's like a sentence or two on each vendor, how they're trending. And what we're doing uniquely this time is stating which vendors are being impacted the most positively and negatively by COVID-19. And so expect that in the next few days. And then around probably around April 1st or so, we will close the survey. Again, we're expecting like you said, 13, 14, 1500 CIOs, IT executives globally to take the survey. We'll really kind of go into the trenches at that point, the entire team. We'll spend a solid week going through all the data. And then mid-April before companies or a large number of companies start reporting on the IT side, we will kind of release a large amount of research. We'll have some final COVID takeaways though that will continue being dynamic for the next three to six months, but at least we'll try to take a balance sheet type of look at it and say, look, here's where we are, here's where the impact is, whether we're at a decline or growth or whatever it is. So we'll have a better picture in a few weeks on that as well. And then we'll really be able to dive into the sectors and vendors that we think are best positioned for the rest of 2020. Yeah, we're barely scratching the surface here. As I said, this is the first look. So check out, it's ETR.plus is where you can get updates on what's going on here. And we'll obviously keep you updated as well. Sagar, thanks so much for coming on theCUBE and sharing this very important information. Yeah, thanks, Dave. I really appreciate you having me on. All right, stay safe, my friend. We'll talk to you. And thank you for watching, everybody. This is Dave Vellante for theCUBE and we will see you next time.