00:00Today, we're going to get into a network that I think is one of the three to five networks
00:05that everything else will be built on top of, and that is Hedera Hashgraph.
00:11So what is Hedera Hashgraph? Who's the company behind it? Who are the partners and people that
00:16are involved with it? You know, what use cases are going to be built out of the network? And then,
00:21you know, what is the potential price appreciation of the network if everything works out like I
00:27think it's going to? Hashgraph is very similar to blockchain, except it utilizes an acyclic graph
00:33in order to be faster, more efficient, and more secure than what blockchain can offer. I think
00:39that most Web3 applications that are interoperable with the majority of Web2 companies will end up
00:46being built out on this. The data and the messaging that this allows ends up being much more secure
00:53than just a blockchain. And because of the way the consensus algorithm works,
01:00it's also a better solution for digital identity and protecting your own data. So that's why I think
01:07it'll end up being one of the major players long-term and one of the main networks everything else is
01:11built out on. So what's the company that's behind Hedera Hashgraph? Well, it's Hedera.
01:17So back in 2014, you have Dr. Bird and Mr. Harmon. They came together. They've been business partners
01:28and friends for a long time. They formed a company called Swirled in 2015, 2016. And that's actually
01:34what they used to raise the capital for the development of the network. So they had Swirled.
01:40They ended up forming Hedera, the company. Both of these companies are formed here in Dallas,
01:44Texas, where I am. Anyway, so Swirled raises the capital for the seed round. They bootstrap the
01:49development. They launched Hedera August 24th of 2018. They mint the $50 billion supply of Hedera.
01:58They have an ICO where they only sell to accredited investors and institutions,
02:02which I think shouldn't be a problem. But even if it is, it's, you know, been five years,
02:07more than five years past then. So the statute of limitations shouldn't allow the SEC to come after
02:13them. So this should be good at this point. But they went to market after that. And they've had
02:21a lot of iterations up to today. I want to touch on the partnerships, right? So I mentioned that in
02:27the beginning. And that's another reason I think Hedera will be one of the giants and mainstays
02:33long term for the networks that things are scaled on top of. So right now, they have 30 of the 39 seats
02:40available on the governing council field. So there's still nine more companies. You know, maybe we
02:46could speculate and say Tesla or SpaceX or some of these other giants in the space might step in here.
02:54But they already have Google. They already have LG. They have IBM. They have Dell. They have FIS.
03:00They have Boeing. They have Standard Bank.
03:02And there's other very large players on the council as well. It's not like they're just here
03:11in the United States. There's international buy-in for this network. You know, there's people from
03:18Sydney, Australia, the UK, Singapore, you know, you name it. Any large developed nation has a company
03:27with some vested interest here in this network where they're developing solutions and efficiencies
03:33and scalability of this network just because of the way it's been built and those that are involved
03:39with it almost second to none. So there are many applications that have already been built out on
03:45this network. People that are pioneering solutions in different verticals with the smart contracts and
03:52the capabilities that are inherent to it. So we'll get into some of those. Um, healthcare is a huge one.
03:59Um, you have to be HIPAA compliant and the way that the data has to be distributed and stored.
04:05Um, it's imperative that it's extremely secure. And so that's why, you know, for healthcare in
04:10particular, I think Hedera Hashgraph has a significant edge. Uh, the main company that is driving that
04:17innovation on the network is Intiva Health. Um, and they have a DAP where you're able to store,
04:24share medical data across the world. And, you know, we've talked about this in other videos,
04:31but if there's not a standard way to organize, um, data as you're passing it between one party and
04:37another, it just, it's not interoperable. So there's that application. We've also got Red Swan,
04:43uh, which is tokenizing real estate on Hedera's network, a huge market there, right? Trillions of
04:50dollars, uh, that could be brought onto the network over the next decade as more tokenization happens.
04:58Um, it's interesting to me that they're doing that against the physical item, uh, or the physical
05:04location, tokenizing that, creating a title against it, and then allowing for fractionalized ownership.
05:09I have my own opinions on whether that's scalable or not on the current, uh, guidelines and regulations
05:14here in the U S but nonetheless, I think it's a great application and likely something that will
05:20be built out on the network long-term. The other thing I do want to mention about Hedera that makes
05:24it different than a lot of other networks I've seen is the fee structure on the network. So the
05:30fees on the network are fixed in a dollar denomination. So a lot of other networks may utilize the token
05:37for payment, which Hedera does, but the fees fluctuate with the value of the token. So it's
05:43a percentage of the token or it's denominated in the token, whereas the fees here on Hedera
05:47Hashgraph are denominated in dollars. And so even if you had appreciation in the price of the token,
05:53the fees remain fixed on the network, which I think is imperative to be able to scale and grow long
05:57term, um, without causing, you know, inflation of costs when people are utilizing the protocol.
06:04Uh, some of the other things that I thought were interesting that are being developed on this
06:07network, crypto task, which is like the fiver of web three. Um, it allows people to create a
06:15marketplace, uh, where they can, uh, hire somebody to do small tasks for them. So a lot of really cool
06:22dApps being built on this network already. Um, and I think that that will continue, especially with,
06:28you know, the people that are sitting on the governing council, there's going to be a lot more that
06:31comes to this network. These large corporations and enterprises are going to be leveraging this
06:36technology within their own infrastructure and also for the products that they're building.
06:41Um, the other cool thing about the council is that you can only serve two terms as a member of the
06:47council. And each one of those terms is three years. People can only stay on there for a certain
06:51period of time. I think that's invaluable in, in, in again, scaling the network and providing a fair,
06:57um, way that things can, can be governed. What's the potential price for Hedera Hashgraph in the
07:04longterm, uh, if they are successful in, you know, executing on their vision and building out this
07:10decentralized network and continue to bring on powerhouses for the governing council. So today
07:16Hedera Hashgraph has a value of about seven cents. It's a bit more than seven cents. Um, and the 24
07:23hour trading volume is a little over 25 million. So still pretty nascent, you know, even with the
07:30promise of the network and the people that are involved with it, I think that, you know, just
07:35personally, uh, again, nothing here is ever financial advice. Always consult with your financial advisor
07:41before making any investment decisions. Everything shared here is for entertainment and educational
07:46purposes only in comparison to the people that are involved with this network and the potential
07:51use cases, uh, for the volume that can be transacted over this network. I think it's significantly
07:57undervalued, um, and will perform very well over the next three, five, 10 years as more and more use
08:05cases are developed and this network is used, you know, short-term goals. We saw a high of almost 14
08:11cents in the last bull run, uh, for Hedera. And obviously it's pulled back since then. It got all the way
08:17back down to a little below four cents. And now we're back up, like I said, uh, a little over
08:21seven cents today at the token launch. It fell down pretty hard. Um, I got in Hedera closer to the
08:28bottom, uh, in 2020 and wrote it up for the last bull run, which was great. You know, long-term price
08:34prediction, I think easily single digit dollars, potentially double digit dollars is completely
08:38realistic as more things are built out on the network. And again, more volume drives people
08:44utilizing the token to pay the fees. Could it get to three digits someday? Potentially,
08:51you know, I'm not saying that that's a likelihood, but I think that, uh, single digits and double
08:57digits, um, in dollars is, is very likely for this network if it achieves its goals and continues
09:05to build and scale like, like they are. Hopefully this has been valuable for you. If it haven't
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09:14could add to the conversation, please put it in the comments below and we will see you guys
09:18on the next one.
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