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 hi this is Mike Maloney and I've got a very special guest with me Brandon Hargreaves to update us on hashgraph hedera hashgraph Brandon how are you I'm doing great thanks for having me Mike I do want to say that you know I do some contract work for the hbar foundation which has been tasked uh to to build out the hedera ecosystem which we're going to be talking about but I'm just here personally today I want to make sure I could speak a little more freely okay well that's great because we want

you speaking as freely as possible now I want to disclose to everybody uh before we start this that uh that uh I am an early investor in hedera hashgraph uh we were offered a position well after coming out with our episode eight of hidden secrets of money so uh we had done something that uh because we thought it was a great technology several months later they came to us and made an offer so it uh we weren't uh doing any front running or anything like that just want to disclose that but before we get started here I want to ask

you some uh very simple questions because I just don't understand why right now uh hashgraph is hedera hashgraph the h-bar token is stuck down at around a nickel to me it doesn't make any sense whatsoever because uh the way I see this is very very simple you know a lot about what this does but I look at it from some very simple primary aspects and so I want to ask you these questions to to confirm whether my take on hedera hashgraph is correct or not is it uh the fastest or equal to the

fastest tokens the fastest uh distributed ledgers that there are out there yeah well there's a couple ways we measure speed one is is how long it takes to confirm a transaction that's called time to finality and hedera is at or near the best in class as far as that down around five seconds to reach finality and then there's also throughput how many transactions per second can it handle and right now it's throttled down to 10 000 transactions per second but that throttle can be lifted to many tens of thousands of

trans transactions per second and actually the the system's already designed to be sharded so it could be split up and it could essentially unlimited scaling so it can handle whatever is necessary so speed yeah check that one off well you just answered uh my I think it was my final question or a second to final question is it the most scalable yeah absolutely there's no question about that that's that's already been checked off for sure okay so this could actually replace like uh Visa Mastercard

all Bank transactions all Wall Street transactions uh it's a distributed Ledger that can pretty much do all of these things is it the most versatile can it do everything that every other token or did I ask that already no you got it do everything that every any other token can do out there any other crypto it is very versatile it has you know a smart contract system that that's very versatile it has a token service which a lot of platforms don't have uh it has a data logging service

essentially it's called hedera consensus Service uh so yes it can do everything that these other networks can do it's it's not like uh a one-trick pony or even like a Swiss army knife that can do several things okay it's it's like an iPhone it can do all kinds of different things and it has all kinds of tools to do so okay so um fastest Ferris safest and safety being looking at it from the user's point of view uh if if you go into this is it always going to be there are you

going to be able to get out of it in other words um is it uh are are is is hashgraph trying to be compliant with like Securities and Exchange rules and uh and governments so that it doesn't get impeded or shut down in any way or the on and off ramps blocked to where you can't go uh from dollars into uh H bar and out of H bar back to dollars so that you can buy a house with it or whatever absolutely so they've tried to do things the right way from the very beginning from when it was initially founded as hedera and now the

governance has been transferred over to the government Council which is Blue Chip companies that are throughout the world so Google IBM Boeing Deutsche Telecom and the list goes on there's 29 right now uh and and they always have to do things in a compliant way so absolutely they're doing everything they need to do to make sure this is going to meet their stated goal of being a 100 Year Endeavor of course they want to go beyond that but that's what they usually say is that's the goal to make sure this

is around in 100 years wow okay uh then is it the most secure secure meaning uh resistant to hacking so that uh something from the outside can't cause it to collapse yeah absolutely so first of all it's base layer the hashgraph is abft it has the gold standard of security and it's asynchronous Byzantine fault tolerance a lot of most of I actually haven't heard of another platform that has this and not only do they have it but they've proved it with a Carnegie melon Coq proof so the base layer as is as secure

as you can get the things that I'm sorry my screen just went black but uh the the uh things that are built on top of it are our computer code and they try to have as much rigor around that as possible and yes so absolutely it is it is the most secure at that base layer and then the services that are built on top of it they go through processes to take it through the the preview net the test net and so forth to make sure that by the time it makes it to mainnet it's really secure okay uh there's already

some uh pretty amazing apps being developed that uh sit on top of the distributed Ledger uh but uh you know we said most versatile is this something that uh could actually you know with with a correct program being uh sitting on top of the distributed Ledger that is hashgraph uh could this do things like securely run uh with you know one of the things about distributed ledgers is you've got a backup if the power goes out somewhere the whole system doesn't collapse sure uh uh could this uh run

the traffic grid the energy grid and the water grid uh worldwide basically it certainly could and I think it goes back to you know we talk about this industry as being the blockchain industry and blockchain itself isn't very descriptive actually it's just one way that you can run one of these cryptocurrency platforms can I stop you right sure and just ask so uh from my understanding there is basically blockchain which is every other distributed Ledger out there and there is hashgraph which is unique and

different and it is not blockchain please go ahead there there are other platforms that run other consensus mechanisms but hashgraph is unique to hedera and a better way to describe these is distributed Ledger technology these are ledgers the the thing is you know we deal with ledgers every day all the time in the form of spreadsheets we have um you know Excel or Google Sheets and things along those lines and you can think of these just like that only it's distributed and decentralized so you can

think about all the rows those in those spreadsheets as the accounts the who who owns the assets and these can be individuals these can be businesses or like you said these can be things they can be parking meters or charging stations or washing machines or a printer that needs to buy ink or something along those lines and then in all of The Columns of that spreadsheet you have the what the assets the things of value that you have that are on there so hbar is one of those assets it is the native cryptocurrency of hedera it's

used to pay the fees on the hedera network which are priced in dollars but they are paid in the H bar it's also used to secure the network because there's a proof of stake network but we won't get into that but you have other assets like usdc for example before you get it sure bookmark that because I want you to come back to it yeah but you mentioned payments and one of the things that's great about hbar the transaction costs are so low that you can do micro payments tell us about that that short

so I mean right now for the hedera consensus service or h-bar transactions the price of doing one of those things is one one hundredth of a cent it opens up the possibility of allowing you to do true micro payments at very low cost unlike some some other networks that have some fairly significant fees and that might not matter if you're sending something or doing a transaction that's a thousand dollars or a hundred dollars or whatever but it really does matter once you get down to a penny where with

hedera you can do that and even subset transactions uh economically right with with Bitcoin for instance and and now I'm going to get Flack in the in the comments section but could it cost you like twenty dollars to do a one penny transaction oh absolutely yeah so their their fees change in dollar terms where hederas don't but yeah they've gone up to when they had Originals first come out I mean I think it was like 40 or 50 and that happens on ethereum another a DLT Network on a fairly regular basis

yeah do you just to remind everybody DLT is distributed Ledger technology uh and uh it's when these the distributed ledgers are what counts all cryptos are based well actually not all there are centralized distributed there are centralized blockchain ledgers that um most of the public cryptocurrencies are on a distributed Ledger and uh that is the thing one of uh this a valuable technology is this resistance you know something we'll touch on later called anti-fragile uh but uh yeah so um

just uh go on with what you were saying I had you put a bookmark in U.S sure well we were talking about all the things in The Columns of those uh distributed ledgers in that spreadsheet like usdc is a stable coin uh it's on the hedera network and it represents the dollar you could even have art things like Grand sculptures that you fractionalize or even jpegs little pfps that you see that go for Crazy Prices but it also could be like you said it could be stocks bonds Securities of all kinds real estate or

it could just be information we talked about the hederic consensus service so you could just log information in this spreadsheet as well and that's what these dlts do they they maintain and they handle the swaps of these assets between accounts and again it can be programmed to do this automatically when certain conditions are met now the the most simple condition is when an individual one of those account holders decides to send one asset to another account and all you do is pick which asset you want to send you define how

much you want to send and you define what that other account number is and for had there it's just numbers a lot of other ones are these alphanumeric strings for hedera it's just 0.0.1234567 and then you just click Send and it goes uh between those but there's also smart contracts which I think the best way to describe that is to give an example but we can get into that in a minute but that makes it so you can do all kinds of fantastic things we have people that uh you know at our workplace

or you know at a school or at our church that are Excel Wizards right and they can do amazing things that you wouldn't think is possible it's the same thing here you can do amazing things with these distributed ledgers excellent so um uh if I were a patent attorney I might be worried the trademarks uh so uh could if uh like the patent office uh used this so that you could then create a patent the system would double check it against all other patents you could then be able to license and sell license and or sell

the patent to somebody uh very very quickly and easily as easily as uh making a phone call am I correct absolutely the the different use cases are unlimited it's going to touch every industry there's no question about that to get back into those smart contracts and just give an example of one that's used the most throughout our industry people might have heard the term defy or decentralized Finance pretty much they're running markets in these decentralized exchanges in a new way

where you normally have an exchange and you have a centralized custodian who participants go and they have bids and asks and when those bids and asks meet each other that's when the transfer of the asset occurs well with these decentralized exchanges they set up a smart contract and what people do is they take equal values of two assets we'll say hbar and usdc and there's a ratio a price between those two and we'll say it's 20 hbar to one usdc and people start to add liquidity to that

smart contract in that ratio and they continue to add that up until it's at um you know a significant amount we'll say there's a million dollars 500 000 of each once you get to that point that money just sits there or not money but those uh those assets just sat there I don't I don't want to go against your definition of money there Mike so those assets just sit there until somebody want to interact with it and what they do is we'll say they wanted a second if they're if both of the assets are there

and it's a as a fixed amount of one asset against another they are are storing value as long as they sit there at that fixed amount they're not fluctuating against each other they're storing value so at that point maybe the US dollar becomes money once again there you go there you go but then that smart contract it just sits there and waits for somebody that wants to trade USD for for uh H bar so they'll send however much usdc at a ratio of 20 to 1 they'll get hbar back but now in that

smart contract there's more usdc than there is age bar we'll say now it's 19 to 1. so now the ratio has changed and somebody might see that and say hey over on this centralized exchanger over on this other decentralized exchange it's still 20 to 1. I'm going to buy it buy the H bar at 20 to 1 and sell it for 19 to 1 and it equalize it that's called an Arbitrage opportunity but that can be done automatically as well so you can have a script written a bot that is automatically looking at these different

exchanges and when it sees that discrepancy it interacts with an API an application program interface that can pretty much talks between these gives the the script the bot the ability to talk and interact with these different platforms and it can automatically balance out and equalize those prices between the exchanges and it's amazing because defy has just been around for a few years now but it's shown to be amazingly resilient we've seen huge fluctuations in prices if in the traditional markets you had like a 50

drawdown in a day or 50 drop in in price stuff would start to break but these D5 platforms don't and I think it's starting to prove that these networks are anti-fragile which is really interesting and I know we wanted to get into that a little bit but I'll take a little bit of pause there to see if you have any feedback there Mike uh no I think we should go right into anti-fragile sure I've read most of that book um uh there were some some areas get sort of long and drawn out in the book

I hear you gave up but uh it is a wonderful concept uh where uh when something is stressed instead of potentially breaking that thing uh that thing automatically gets stronger to resist that stress and I you never know where stresses are going to come from for some reason when I was reading the book I got this picture of like you know a big top circus tent and if you've got it designed by planners it's going to have one poll and that's it and if stress comes in like a hurricane from

one side and that whole thing that pole can snap the whole thing can collapse uh with the free market it's like a whole bunch of people going around with a whole bunch of little polls and they see one side starting to uh you know collapse in a little bit and a whole bunch of pulls go up it's stronger from then on uh toward those stressors and so it automatically gets better and better uh resilience is the ability to resist a stress not get stronger because of the stress uh fragility is something where

it's planned in advance and uh the and you can't take every possible stress into account when you're making those plans making it more likely to collapse like our current Financial system so Defy is the answer to this but um go ahead with you you know you're going to talk about anti-fragile I just want to make sure the audience knows what anti-fragile is first you hit it on the head Mike so it was a concept that we should really understand because our bodies are anti-fragile right we stress

our bodies and they get stronger lifting weights or going out and running to to make your heart stronger like you said free market capitalism has creative destruction but that allows the capital to flow where it needs to be and it makes the entire system stronger so free market capitalism is actually anti-fragile and cryptocurrencies it's the same way they're our entire Concepts within the cryptocurrency space that fail we'll say like algorithmic stable coins we had a huge blow up of that last year and

people aren't going to try that again for a long time it was called Terra Luna so they put the focus on the fully backstable coins like usdc all of this is computer code so here's another example where it's anti-fragile it's all computer code and there's always going to be bugs or flaws or things like that in computer code but when either a hacker or somebody tries to take advantage of one of these things they learn from that or a white hack hacker lets people know and everybody learns

from that experience and puts controls in place to make sure those things don't happen again these are the Hallmarks of an anti-fragile system it just gets stronger and like you said you compare that to a fragile system so just to recap a fragile system when it's stressed it breaks a robust system when it's stressed it doesn't get stronger but it resists that change and then an anti-fragile system is something that actually gets stronger the system we use now fractional Reserve banking we've had the same failures in

that over and over and over again 1906 was a huge one 1929 they had to revamp the system in 1945 again in 1971 we had the Savings and Loan crisis we had the financial crisis in 2008 and then we have peppered throughout all that we have smaller backing crisis and it's always the same thing right so in the case the last one that happened they had a bunch of stimulus went out so people had money to deposit into Banks Banks took that money and they invested in long-term assets and then some of those

Banks came under stress so people started to take their money out all the bank can do is sell those assets maybe at a 70 70 cents on the dollar and they don't have enough money to to pay their depositors back and once again it fails and they've tried over and over again to make that system more robust doing things like putting the full faith and credit of the government behind it you shouldn't have to do that in an industry and there's just a Stark contrast with how you see the crypto industry getting

stronger compared to this fraction Reserve banking system that we've been dealing with for years at very least we need to have this alternative this anti-fragile alternative to make sure the the rest of it is behaving properly so again it's just a stark contrast between the two okay two things I want to say about that uh one you use the term money quite a quite often when you were talking about currency uh and you know p is a lot of people think that I'm sort of I see a hair here uh a lot of people think that I'm sort

of crazy uh talking about the difference between money and currency but I will flog this thing until the day I die it doesn't matter if you know I didn't invent this Aristotle was the first one to describe the key functions of of money and there are three of them and then there are a bunch of attributes that money should have uh but the three key functions are a store of value a medium of exchange and a unit of account otherwise it won't operate uh and a store of value even the Federal Reserve

says that's when you go to their website it says first so in other words the most important function is that it must store value uh you know you look around the world at currencies the Turkish lira uh and then I can't remember what the the I think it's Lebanese Sterling uh uh recently you know over the past six months or whatever they experienced some severe problems and in a single day or on a certain hour they will be devalued by 50 something like that just crazy stuff that can't happen with money it means

that it's a currency it doesn't it's currency is whatever is currently being used as a medium of exchange currently so that's a bad habit Mike it's a bad habit your right words matter words matter yeah uh and I can't remember what the the other thing was but um uh yeah I I do believe that it does matter and uh every single Economist throughout history has recognized that these three functions are something that money has to have and so so all of the national Fiat currencies that have been around

for you know that have basically sprung into existence over the past Century or so uh that are debt backed and and uh don't that that where units of that currency can be whipped up by indebting a population uh uh that was another thing um uh what you said the full faith that it's backed by the full faith and credit of the United States well the full faith and credit of the United States means it's backed by your future taxes so it isn't the full faith and credit is the full enslavement of the

population of the United States that backs the currency it isn't what backs money the the gold and silver are called honest money simply because uh there isn't any enslavement there isn't there's no fraud theft or enslavement involved in using money uh it is the foundation of national currencies that they are with they are created they come into existence through fraud theft and enslavement and uh and so to me it's extremely important and I don't care if I'm the first person in

modern times to point this out because I didn't invent it I I just I didn't Discover it I just uh recognized it you know that it that this exists the people in Weimar Germany during the hyperinflation everybody was recognizing it and they would dump their marks for a box of doorknobs if necessary because that would hold its value over yeah it's it's why having these alternative systems in gold and silver and cryptocurrency networks and the currencies that are associated with them

are so important to have those those Alternatives yes right okay so uh let's go on you know you had uh in your uh email when we were preparing for this you had a bunch of use cases for instance so uh if you want to go on show us or you know describe why um hashgraph is probably one of the best choices of distributed ledgers out there if not the best and you know it started out way way back on the uh you know uh coin market cap uh lists all of the different uh cryptos uh based on their uh market cap and their uh their use

cases you can select that right now I think uh hedera had hbar has been sitting at like number between number 30 and 33. uh it started way way back there but it's it's getting climbing uh but in my opinion it deserves to be in the top three no not number 30. but three like yeah I I agree the the thing is hedera's doing exactly what they said they're going to do and I'm just speaking for for myself here but they said that they were going to use their H bar and use it in the market that's the

resource they have to build out the ecosystem now that puts pressure that is Supply that gets put on the market it really takes a while then to build out the ecosystem and bring True Value to the network um before you start to impact price on the other way and I think that's causing maybe some confusion in the market but the market can remain irrational for a really long time and I think that's that's all we're seeing with the H bar but as you said we've made some significant moves already but the real

moves are happening with these use cases and I'd be happy to cover some of them if you'd like uh yeah because I think that's the turning point and to me the opportunity is uh getting in ahead of which I did uh but I'm just I'm frustrated right now because it's been sitting down at a nickel for so long don't think that's just getting in ahead of uh the realization of all of these use cases how functional it is uh to me that is the opportunity the opportunity is the difference between the current

price and the future value and and that's what we're trying to build is is that future value and these are just things from the time we talked just a few months ago that have happened since then so right then when we talked last time they had just launched a really big use case called atmio it uses that data logging service that had their consensus service to track items through their uh their supply chains and at the time we were really impressed because we were processing between 4 and 700

transactions per second which made hedera the most used Network by that metric by a pretty good margin but since that time in just a few months it's increased to 13 to 1400 transactions per second and the network isn't breaking a sweat we've had other things just last week we had shinhan bank it's the oldest bank in Korea and one of the largest banking institutions in Korea they did a proof of concept with the largest financial institution of Taiwan they haven't named it but I'm sure we can

figure it out knowing that it's the largest financial institution in Taiwan they did this remittance proof of concept they did it on the hid their Network where they achieved both real-time settlement and real-time foreign exchange rate integration across three currencies the Thai baht the Taiwanese dollar and the Korean Won and these are huge institutions that are doing this and finding true value it's the second uh proof of concept that the shinhan bank had done they did another one with uh I want to ask you something

real quick uh through the Swift system or any other method that currently exists is there anything that can do that many transactions per second and settle so quickly no I mean for example the uh so this is a huge Improvement on on all kinds of things on several different fronts but hedera is the most efficient Network it's a thousand times more efficient than Visa the traditional rails that we use right now so that just shows kind of the efficiency but yeah this was the second proof of concept the

first one was done with Standard Bank in Africa it's the largest bank in Africa so they're continuing these proof of Concepts and you know what happens next eventually it's going to come to Market and it's going to compete or replace things like Swift We had the last time we were here we talked about Aberdeen and Aberdeen is a huge asset manager in the UK they have a half a trillion dollars worth of assets under management and I mentioned last time that they were planning on starting to tokenize their

funds in 2023. but you know it was just a concept we were just hoping that it was going to happen they've started to do that they tokenized one of their money Market funds to the tune of 16 billion dollars so they're starting to tokenize these funds and that's the first step before you start to get like to a D5 model for some of these assets we have another one of the hedera governing council members dla Piper one of their subsidiaries is called Toco and they focus on tokenizing Securities

they've started to do that with some bonds and they've been doing that over the past few months with real estate they did a proof of concept with quarter homes in Colorado and not only did they tokenize a mortgage but they fractionalized it into many different pieces which allows those to be in those columns that we were talking about for the different assets and make them easy to trade back and forth back and forth so now all of these different assets start to add up there's something in the

cryptocurrency industry called total value locked and those are those liquidity pools we talked about for those decentralized exchange exchanges but here we have total value represented these traditional assets that are being represented on a ledger and I consider stable coins as part of that because they're backed up by different Fiat currencies so ethereum has a lot of those stable coins so it's still in the number one spot but now with this uh 16 billion dollars worth of assets being

tokenized on hedera hedera's in the number two spot and this is only going to increase as Toco continues their their work and places like red Swan another one that's tokenizing uh real estate on the hedera network and it really starts to open up the democratization of Finance here's another one it's going to sound a little bit strange but there was a racehorse in the Middle East that was tokenized on hedera and divided into a thousand different pieces and what makes that interesting is when you think of

somebody who owns a racehorse who do you think of it's somebody that's rich wealthy right those are the only people that can own those but here you might have somebody that's just a fan of the horse or a fan of racing and now you can split it up into a thousand pieces and it's a bare asset so it goes from account to account can be swapped back and forth really easily that would be an absolute nightmare for the lawyers out there and everybody who would try to do that in some of our traditional methods

but now that can be done really easily so so those are some of the things that are going on with tokenization we also have some exciting things going on in consumer engagement uh people are going to laugh at watch me on a regular basis because I'm not supposed to have a favorite use case out there uh but certainly my company Twitter's one of them but the other one is karate combat um karate combat is a strike League like MMA kind of like UFC and what they've done is they don't have Equity anymore

they don't have ownership all they have is this karate token that they minted on hedera and what they do with it it's not it doesn't represent ownership it's kind of like a loyalty point and what they've done is they have about 10 fights per year and each are 10 fight cards per year and on each one of those fight cards has about 10 fights and what you can do is they have air drops initiatives where you can get those tokens for free or you can go on one of those decentralized or centralized

exchanges and buy some of these karate tokens and send them to your account which is the interface for that is the karate Combat app and during those or the week prior to those fights you can pick which fights Fighters you think are going to win and if they win you get more karate tokens it's up only gaming if you lose you don't lose any tokens I'm a big fan of football as well and I've watched my team as the Eagles I've watched them in the Super Bowl and those are some engaging Sports uh events but I

watched the last one when I had some skin of the game I bought some karate and I did this it was an amazing event you know I'm not normally a gambler but it brought that whole fight league in that fight even though the fights were amazing it brought it to an entirely new level and we have that going on across the board we also have stuff going on in the healthcare space but I'll pause there real quick Mike okay um well one of the things you know uh you mentioned twigital and I'd I'd like

you to to uh tell us about that a bit more so sure fascinating so twigital um I left a 20-year career to come in full-time into this space and uh one of the things I did was start working with Community engagement with the hbar foundation and the other thing it's very hard to be in this space and not want to build um hedera also attracts a lot of really sharp people and one of those people is my partner Jesse damro he listened very closely to Lehman Baird and Lehman Baird is the inventor of that hashgraph

algorithm and one of the co-founders of hedera and over and over again he would say things like the world will be tokenized everything of value in the world will be tokenized and Jesse looked at that and he's like you know we know it's going to be things like Securities and and we talked about stocks and bonds and everything like that but Jesse looked at and he's like well how about all the physical things out there how about everything that's on your display shelves or in museums or our

Collectibles how can we tokenize those things the things that we treasure and we've had new technologies come out recently that allow you to create these 3D files these 3D assets and there's a couple different ones there's glb and then there's a USD Z file Universal scene description file and they're these amazing 3D uh files that you can interact with in digital immersive environments and you can zoom in on them you can you can focus on them you can spin them around look at them all that

kind of stuff and so he figured that that was the best way to capture physical objects so what we set ourselves to doing is creating an application that allows you to create those assets and right now we're looking at several different Technologies but the initial iteration the one that we're using right now you just take a few dozen pictures of an object and it creates one of these 3D assets and then it mints that into an nft on the hedera network so and you can add additional you could register all of the physical

assets that you own and it's it's a unique it's a non-fungible token where uh it it isn't you can't duplicate it it's this unique registration of any object that you own so a a car a piece of art anything you take pictures of it from all different angles and it puts that together into something where you could see if it was a car you'd be able to zoom up and see uh you know some collector car you'd be able to see any bit of rust or a paint chip or anything like that and be able to uh have

somebody appraise or value that thing based on the nft right exactly so you know you could use it as digital receipts it could fight counterfeiting out there so I know handbags right the leather handbags they're one thing to get count counterfeited all the time but that leather is like a fingerprint so if you capture it in this way and that follows the item through its life cycle you don't have to worry about counterfeiting anymore you can just document the physical condition of items for insurance for posterity my partner

often does it for his kids art right that belongs in a museum they bring it home it's only going to last a few weeks a few months or a few years and then it's going to get destroyed but if you capture this way then you can keep it forever and you can put it in these digitally immersive environments of course we talked about these are assets so they can be traded on three web three marketplaces it's one of those assets in the column um the one thing that's really getting exciting right now is just using these

for the display in the metaverse we have of course Facebook has become meta they've dumped tens of billions of dollars into that space and then we have apple that's moving into the space right now with those their AR VR goggles they're not going to come out until next year but we've found that our assets work perfectly with this they they've put out their sdks and again it's it's preliminary but as I said you can have multiple files I'll give a quick example so you have I went down to one of these

karate combat events and I got one of the gloves signed by two very famous MMA fighters boss rooten and George St-Pierre I also got a picture with those guys hold holding the glove it adds authenticity to it I did an interview with George Saint Pierre so I have that video that can all be attached as files to add again authenticity to it to add to the story and one thing that hedare is exploring now or the hederic community is exploring is having Dynamic nfts so you can have those initial files and what I would like to see is those

initial files are immutable they can't be changed on the nft but you can add additional files to it throughout time certificates of authenticity additional pictures you get maybe with George Saint Pierre or whatever it is because a lot of times these assets it's more about the story than the object itself it's more about and this this allows you to tell that story as that object goes through its life cycle and right now again with I'll try to send you a clip we've interacted with the SDK on Apple

Vision Pro and you can pop up and bring up that asset and it'll sit there and spin now this is going to get more interesting as we go forward and in augmented reality you're going to be able to take that object again and inspect it and then more information will pop up we have these twigital certs that have more information that come along with it you can look at that in a separate window and another window you might have that interview or the picture things along those lines so there are

all kinds of things we can do with these and we feel like with the big pushes that these huge companies are doing we're in a really good spot wow uh you know while you were saying all of this it just made me think of a potential use application I'm wondering if twigital could actually do this uh in just the next few years the next three years or so uh actors will become obsolete you won't need them uh and uh I mean through artificial intelligence an entire movie will be able to be created

uh and it's it's all of this is happening very very fast uh could an actor uh basically put a trademark on themselves their image and so on by getting scanned by this thing completely and then uh by uploading uh photos and and images of previous films and so on could for instance uh a movie producer uh uh purchase from Brad Pitt for instance the the ability to select any age that he's at have it convert this you know he does some different facial expressions and so on and and uh and

older movies could be used as a source but they could pick any age of any actor that is recognizable that's out there that helps sell box office uh uh is that a potential use case for uh being able to purchase an asset Brad Pitt put him in a movie without Brad Pitt ever having to be there but him still being being able to collect the value so these usbz files the Pixar movies you see most of the objects are these USD files they're actual objects that have been captured in this way and that's why we call them

assets because they actually hold True Value now all the um the AI generated imagery those are generated through the images that are just found on the internet and we have to find a way to to have ownership so the value of that goes back to the Creator the owner of this and this is exactly what we're talking about we want to be able to represent that value in a provable way and that's all that 's what Twitter is all about excellent okay uh you know I think we unless you have anything to add do you

have another top topic you want to cover I I did want to touch on health care because I I do think that's that's something that's important uh we had coinbase had gotten into some regulatory issues uh I think some of that is going to Abate but I think during that time when the SEC brought a suit against them they wanted to show the value that the cryptocurrency industry is bringing Beyond speculation speculation is important because it brings Capital into the space which is certainly important

but there are so many other things of value and one of the things that they highlighted this is coinbase highlighted was something called acor which is some underlying infrastructure but it facilitated something called Health ready and healthready is uh they solve a problem with connecting patients and clinical trials and what they have done is found a way to take the information obscure it and allow that information to be passed between those parties but make sure that the privacy issues aren't

aren't part of the problem right they they've obscured some of that stuff they're and they started out actually with um pediatric cancer patients and making sure that the information that they had got to the clinical trials and vice versa so they can make the connections that are necessary that could potentially save lives so that's another place where uh hedera is excelling I hope that coinbase continues to focus on these value-add use cases outside of speculation because that's where heder's

bread and butter is and that's what we're trying to do touch every single industry with this new technology okay well thanks that this has been a great update you know I've I rarely have time to uh uh to spend uh analyzing and learning about all of this stuff uh my specialty is precious metals economics and monetary history and I try and stick with those and uh to uh really know what you're talking about you have to totally immerse yourself in something like you have with uh hedera hashgraph so I want

to thank you for this uh great update I hope the audience got some value out of this and uh we're gonna check in again soon so yeah absolutely Mike you keep focusing on the things that that you're passionate about I'll keep focusing on the things that I'm passionate about and I'll come back and update you as needed okay thanks we'll see you next time I want to thank the audience for watching