00:00Where a middleman sits, a middle transaction, an intermediary, those will get removed and
00:04we'll use blockchain and other digital asset-type technologies to remove that friction.
00:10All of society will benefit from improving the efficiency of those systems.
00:14You've seen it in security settlement as an opportunity.
00:17Financial transactions around bonds, around derivatives, a lot of these things take a
00:21while to settle, and the friction associated actually holds back the industry.
00:26Insurance is an industry I think you're going to see touched.
00:28Trade finance is an industry that really ripple.
00:32Some of our customers have invited us to participate in.
00:35And you've seen experimentation around identity in real estate and title management.
00:40And these are all examples where I think it's so hard to predict where this will go in the
00:44same way that 25 years ago when I first got involved in the Internet of Information, I never
00:49could have predicted on my smartphone I'd press a button and I'd have a car picking me up
00:54minutes later.
00:54I think this will permeate lots of different parts of our society.
00:59So I hope for this got to be a very strong engagement.
Comments