Probably Toronto, Canada. It's the cube covering blockchain futurist conference 2018, brought to you by the queue. Hello and welcome back to you keep live covers here in Toronto for the untraceable blockchain uterus conference two days a wall to wall coverage. We were just seeing it here on the coupon shopper host Dave Vellante, Tony Lane, Cuba last night with culture and we have James Mcdonald, head of strategy of Sentinel. He's also a PGA professional golf professional and a boxer. Extraordinary. Welcome to the cube. Thanks. You ever had in my notes. Funny before camera came on. Super exciting. Even though the market's kind of in a downward trough and by the, you know, do its normal cycle and Crypto, tons of energy. The culture is changing. There's a real energy around focusing on high quality builders, high quality individuals. This is a real dynamic projects for good projects for profit is great engineering going on. What could be better for sure, and we've been through the trod so many times. We've gotten to the point that now I just kind of like. I'm like, well, I mean we're here again. You know what I mean? And now it's time for, we figure out right now who's really in it to win it and who's just playing the game. Tell you know what I love about. You've got great energy, great. Already got great culture. You've been around, you've seen it early, you've been involved in a lot of the iterations of the industry that's just now growing to be a baby and his growing up into it's elementary school years. What are you, what's your take? I mean you look at this, I know you do a lot of retreats and self reflection. What's the industry? Where's it come from? Where is it now? How do you feel about what's happening? So I did in blockchain since 2011 and from a price perspective, there's actually a science fiction story that came out on Reddit in 2014 or 13 by someone named, got underscore Nada and it's called I am from the future. And I am here to stop you from what you were doing in this science fiction story. He outlines this pricing curve that basically shows the first five years of bitcoins existence. If no other market factors happen, no outside influence, no qualitative influenced the first five years, 10 x every year, second five years, every other year, 10 x every other year. And what's crazy is that if we wouldn't have had Mt. Gox and some of these other events like bitcoin was only supposed to go to 10 k last year, which is double. So if we wouldn't have had those external events, that pattern would have actually been it. So what's really easy and simple to remember about bitcoin is that it has a scarce supply. That's, I think that's the easiest way to put any of this. And so this is just a period of time. The market over extended itself and it shouldn't have gone realistically past 10 K it doubled. So yeah, I mean that's a if that's to be expected, right? No, no. In my opinion, I looked at either an exercise about six months with my friend. We look at the Nasdaq during the pre bubble days and we'll exchange of the Nasdaq and that's just a small scale relative to global care crypto. It's actually in line with some of the expansion we've seen in other financial market, so I kinda think it's good to have to do curation going on and calling out some of the dead wood, bring it into the better projects. This is kind of the reality now. Rip Good Times. Well, you know Bradley or yesterday at the cloud and blockchain conference posited that wasn't talking about Bitcoin, he was talking about ether. He said there's just too many damn coins and every ICO is most ics anyway. Tied to the theory. Yes, buy it. Well, I mean you can take this one too, but what I see is a decoupling at some point that has to be some sort of decoupling at the moment. Everything is very correlated and I think as time goes on you will see it's like survival of the fittest. Right? So you've got, you've got a lot of blockchains and you've got a lot of tokens on ethereum that want to come off to theory and it's survival of the fittest. I feel like. Yeah, the best ones will prevail and the ones that aren't trusted or secure. Yeah. So talk about who's in it to win it. What do you look for in the contenders versus the pretenders? What are the attributes that you as deep experts in this field look toward the winters? Well, I see as right now we're kind of like a candy that you love coming out with a new flavor. It's like everyone's like, oh yeah, like remember this candy gotta buy it now, but at the end of the day it's pretty much the same candy and she was like a little different sweetener and so we will experience obviously a sharp correction. Yeah, for sure. But I think what's really beautiful about this is it's actually enabling creative potential jobs of the future are not going to be, oh, I know how to do c plus plus now I have a job forever. It's going to be about reinvention at that is the real economy of the future and chains and huge enabler for that new markets are opening up to. So it's not just the reinvention, which I agree, reimagined the reinvention and new markets. Our change was on earlier saying eight and 80 day tour of 10 countries. New markets are exploding. That's just a new markets is rechanging system, not your grandfather's venture capital model, silicon valley or New York or London. It's with the globe. There are many, many reasons to tokenize the world. The thing that, the thing that stands out to me is, you know, when you look at tokenizing securities, the fact that this opens up the free market to everyone, you know, these things can be traded 24 slash seven, three, six, five from anywhere in the world. Traditionally if you want to buy stocks, will streets open for less time than it's been. It's closed and so it. It just opens up the free market to everyone all over the world and to me that's that journalists, you're a professional golfer. Someone use a golf analogy too, because I'd love Golf Golfer, so excellent Golfer. Not a pro, but he could be. I don't keep score with them many times and he never played. She played like, well, why don't you twice a year consistently shoots. There's a little bit hockey and a happy Gilmore going on golf metaphor, so the world that we know that's the centralized governed world banks, big corporations that are being essential. I consider them like a wooden shaft and the old clubs. Now all of a sudden graphite shafts, youth club heads, new technology. The game doesn't really change fundamental APP, but it changes the performance you by that is that a good analogy? Needed to. Perfect analogy. When you go to the golf clubs, then you've got the older members and they don't buy it. They say that the performance doesn't increase with the new technology, but really we know that old stodgy members, it comes down to that people are naturally averse to change. People don't change something that they don't quite understand. They'd naturally dismissed if they don't want to delve in, felt dismiss that and everyone here today is going down this rabbit hole, but there's a hell of a lot of people out there that I didn't really get it. I don't want to get it. So. And they'll dismiss that and they'll even. They'll even talk it down if it threatens them. At the game changes. No, I mean come on. If you look at the current distribution, over time we've moved from tribalized kings and Queens to nation states. Let's hope that we actually enable a redistribution of wealth. I want to see blockchain create the garden of Eden. We're experiencing now is basically same incentives, slightly less bad people, and I feel that if we really use new technology is an opportunity for change. Change is gonna happen and if we make the integration of new technology about experiencing compassion in action as humanity, we changed human perception, human behavior, your understanding of your own limitations. When we enabled real freedom, not just the illusion of freedom as money on Amazon yesterday, which he's with, he's done an amazing work what he's doing to transform the Caribbean islands with exchange changing a society there digitally connected almost 100 percent penetration of mobile. It's incredible. They can't access some basic services society. A new game changer. You're taking an integrative approach to how you interact with people and it's part of your persona. Maybe I'm pushing the golf analogy to bring it, bring it, watching the end of the PGA this week and they were interviewed. Tiger Woods is back and he's comes in and they were interviewing him and he wants to be on the Ryder Cup team. Now, if you've observed him in the Ryder Cup, not great. This is a team sport. The euro's always killed the Americans when the superstar is right and it's sort of the same thing that you're saying. It's the get the haves and have nots. It's a team sport and it's community driven. Increases viewings like you wouldn't need tigers pain. Everyone tunes in, which is great for the sport, for the Americans because they always lose when he plays. I think it would be, you know, why not put him in the team because it's good for the game. It gets people more engaged. He goes and he's been humbled. You know that your thing is there a lock if you the back, you want them involved but you don't want to dominate it. Alright, so guys, let's take it back to reality. You guys are working together on a project we talking, talking you guys, what are you guys working on know about the projects you guys are involved in right now. What James and I do together is we take these skills, we've learned through my life, you a performing artist in his previous life as a professional athlete and we've really taken what we've learned through our knowledge and our network to help entrepreneurs who are driven with integrity and appear to be a success. So it's really, well we do together is we just really, um, and that's, that's what we do both for fun and for enjoyment. And what I'm working on personally, James is the head of strategy at a company and I'll let him get into that when I'm working on personally is global citizenship and my company culture is actually focused on something really integral to the block chain which is capitalizing the market share on the tradition, the transition out of nation states and into oriented and governance models. So we have one layer that's open source for free for the world, for ever to own your agreements and to own your identity as a self sovereign individual stewarded by your community to give everyone more context on each other. And then our for profit businesses basically facebook connects people to their friends, culture connects people to communities and connects communities to dapps that are services and economists basically. And we build that whole ecosystem. So that's really what I'm up to at culture. And then James and I have our own adventure together and James is also had a strategy at center. Yup. Okay. So sentinel is an interoperable network layer for distributed resources. So let me break that down. What block chain technology allows is for you to monetize access resources like access bandwidth, access, GPU or CPU power. And so our first working product is a decentralized vpn. So you know what a vpn is. Sure. So the sentinel, the VPN is distributed. So what that allows you to do for example, is you could access, you can monetize your excess bandwidth by hosting a note that people can connect to it. And the beauty of the decentralized vpn is that it's probable, so all the code is open source and there's proof that the data is actually being kept private, it's encrypted, um, and there's no, there's no centralized or a body or a company that can be shut down or, or forced to give up data or paid for paid for data. It's distributed. So it's fast and it's secure. So yeah, there's a lot of big companies in the crypto space that are very concerned with data privacy and they didn't, may not trump central vpn, traditional centralized vpn paid. So you host your own node, you get paid. It's a marketplace. So anyone in the world can set up their own node, run their own node, help other people obscure their traffic if they don't want. Like for example, Gdpr, if you don't want every website that you visit to monitor literally everything you do, you might want to consider using a vpn for the sake of preserving your own personal privacy and the integrity of your data which you own and rightfully should actually own the monetization value of. So in the world you can have a few node and you guys can pay, people can pay $5 your whole network and use it. So I can sell my xx compute capacity, network bandwidth, the storage sewer. No touching that. A storage, I mean down the line. So it's for, for, for distributed resources. That sentinel. The first product is the dvps yes. Down the line. Yeah. We're going to come up with much more so others could actually plug into that platform like a live stream in China. I can pop on a vpn. There it is. Run Google apps in China because you can run google. Yes. You know, she'd even China. Let's you. Cool. All right guys. Well thanks so much for coming on. Appreciate it. Thanks. Very inspirational. I think there's a lot of mission driven cultural change coming very fast. This next generation coming up is going to be the stewards of making the change happen. It's our job to set the table and get these services out there. Congratulations. Okay. Cube coverage here live in Toronto at the untraceable blockchain futures conference. Two days is the cube wall to wall coverage. I'm John Furrier, stay with us Dave ones continuing the best gas, the most important people. Bring in the great blockchain crypto world together here in Toronto. We'll be right back.

>> Narrator: Live from Washington, D.C. It's Cube Conversations with John Furrier. (techno music) >> Hello everyone, welcome to our special on the ground presentations, The Cube coverage in Washington, D.C. I'm John Furrier, the co-founder of SiliconANGEL, the host of the Cube. We are getting all the stories on what's happening with the innovation and entrepenuership in our societal nonprofits and/or innovation in government. We hear Peter Prix is the OneRelief app founder, onereliefapp.com, OneRelief is your venture. You're part of the PeaceTech Accelerator. We're here at the United States Peace Institute in D.C. Tell us about your opportunity. >> Great pleasure. Yes, my name is Peter, CEO and founder of OneRelief, the OneRelief app. What we do is let people like you and me make quick donations, micro donations to disaster relief aid. So after emergency has struck, Hurricane Maria, last year in September, approaching the Caribbean Islands. We all knew about it, we all saw those pictures on TV. And we all felt empathy and wanted to help and wanted to gift, but there's no easy way. So what we do with the OneRelief web app is we let people like you and me easily, with the click of a button, make quick donations that supports certified disaster relief agencies on the ground. >> And you guys are a start up here at the PeaceTech Accelerator. >> Exactly, we're a startup here at the PeaceTech Accelerator. >> Great, well I'm really bullish and I think crowdsourcing has opened up the democratization of giving, which has been phenomenal. But there's some scale issues, now there's ten zillion apps, certainly GoFundMe, we know about those things. They're kind of peer-to-peer. You know, friend has to socialize with that but you know, a lot of folks are wondering, hey, if I donate to that Haiti situation, or hurricane, where does the money go? We heard in Puerto Rico, half the stuff didn't even get there. This is a big fear, cognitive dissonance from the giver. Do you guys solve that problem? >> Yes, so absolutely. When it comes to giving at the moment you can choose between giving to the big players, the big charities that we don't trust, as we know. Or you can go on a platform like GoFundMe and there's actually 12,000 fundraisers for Hurricane Maria. And you don't know who to trust either. So what we do in OneRelief is we provide a marketplace, a platform that is certifying charities with confirmed people on the ground. And when you make a donation through the platform you actually get an update. You get a status notification, help has been embarked, help has arrived in a community. You get visuals, you get video of what's happening on the ground. And you get feedback at the end of the disaster of what has actually been achieved with the money you've donated. >> So you close in the loop from the giver, from the journey of the money to the destination, and seeing the impact of it. >> Absolutely. From the second you press the donate button and you donate and you share a fundraiser, you can see how the money is getting to the country, how the money's being used, what it's being used for, and what the progress of that is, providing you information on the impact of your donation and closing the loop and encouraging you the next time another disaster happens to donate again. >> Create some reliability. You're essentially verifying the end points of where the cash goes. >> Peter: Absolutely. >> How's it going? How far along are you guys? Sounds like a great idea, I think it's an awesome idea. Getting a little dashboard, seeing the impact, make people feel good, know their money's going to work. How do you get this off the ground? You're in the Accelerator, what's the status? >> Absolutely, we're about three weeks away from the launch of the platform, it will be launched on March 1st, so we are in the final push of getting the app off the ground. We have partners, we have contracts signed with, for example, Action Against Hunger, where agencies that have country offices that have been working in the countries that are very often struck by crises for many many years. So it's not that their money goes to a small charity that we've never heard of and are not able to get any accountability information, but it's going to certified agencies that have people on the ground. >> And they're excited by this, it sounds like. >> Oh they are more than excited. It's changing the entire industry. It's rather than the rich people signing big checks it's people like you and me small donations that have an impact of changing the world. And what the OneRelief app is really special and good at it's the speed at what this happens. So, a disaster strikes, within hours, the fundraiser's online on social media and people can donate. >> And one of the great things about us covering Gov Cloud, we've observed that bringing a modern stack like cloud you can actually radically transform these industries that have technology going in some cases so antiquated they don't know what's running on. >> Oh no, absolutely. So, the platform itself is running on AWS and we use serverless cloud technology that allows us to really scale the platform, whether a thousand people donate or a million people donate at the same time it's running on a serverless cloud. >> So you're providing critical infrastructure services for donations , big or small? >> Absolutely, and it's 100% scalable, which wasn't able a few years ago. >> How is the accelerator helping you, PeaceTech? >> Yeah, a really interesting question in multiple ways, both through mentoring support that we get through the partners that bring incredible support and help us really in getting the platform off the ground. AWS helps helps us with setting it up on lambda, that's wonderful. We have C5 who gives us some really interesting support in how we can operate this as a nonprofit with a tech startup mechanism. We have partners like the PeaceTech Lab that helps us really operate as a nonprofit. >> We've been covering AI for Social Good Intel among other partners. Really kind of look at this, not just as a philanthropy opportunity, real change. But what's interesting to us us we've reported on SiliconANGLE is the societal entrepreneurship market is booming in D.C. Can you comment about what it's like here? I mean, is that right? Obviously Silicon Valley where we live you get a lot of the tech alpha tech guys out there. But here it's like non-profits. What old ways of doing things are now kind of becoming more entrepreneurial because of cloud? What's your reaction to that? >> No, absolutely, I think Washington, D.C. Is the best place for us to be at. It's a mix of government, non-profits, and foundations that come in. There's a lot of, actually a lot of young startups coming up, impact startups. There's lots of coworking spaces. And we can really feel it. This is the most conducive environment for us as a startup to grow and to thrive getting support from partners that we need. >> Societal entrepreneurship as a category, I mean, I don't even know if that's the name of it, what do you call it, is booming. Can you share any anecdotes, is it booming, is it just emerging? What's your thoughts? >> Societal entrepreneurship. Yes, what the OneRelief platform really does, it allows everyone to give. It is enabling every citizen in the world to make a quick donation an amount that every one of us can afford. >> Final question, what's your core challenges as you get through the accelerator, look to go to market, is it the partnerships, is it the tech? What are your core challenges? >> I think it's really clearly communicating how OneRelief is different and how it is not like all the other platforms out there, how we are the one stop shop in a marketplace that is connecting people who want to do good with receiving charities on the ground. >> How do you compare and contrast to say these other crowdsourcing and crowdfunding platforms? >> Yes, on the one hand there's the big players, the big charities that we don't trust, that we want to give directly to because we don't know what happens with the money. And there's peer-to-peer fundraising that we don't trust either because they're tiny and we don't know who's setting up those fundraisers. We are right in between. We are a platform that is connecting the donor with a certified charity. >> How about emerging technologies like blockchain which has been very popular in supply chain-like things, because you're basically an end-to-end supply chain of money moving to the end point, the relief or whatever. >> Peter: Yeah! >> Good use of blockchain? No? Are you thinking about that? >> Oh no, absolutely. We actually have an innovation lab that is only purely looking at blockchain from different angles. One of them is for us to accept crypto donations and to be the first platform on the market that is accepting micro donations in cryptocurrency. And secondly, we are looking at blockchain technology and running a hyperledger project at the moment to see how we can accelerate the speed at how long it takes to get the donation from when a person makes it into the receiving bank account on the ground in country xyz in the world. >> A whole new infrastructure wave is coming, you're seeing it decentralize applications and hardened end-to-end apps like you guys. >> Yeah, no, absolutely. >> Well, congratulations Peter. Thanks for joining me here. This is the Cube Conversation on the ground here in Washington, D.C. where emerging markets and nonprofits and just ventures for good are now the new entrepreneurship craze in Washington, D.C. It's the center of the action and with cloud and modern software and blockchain and things of that nature you can make it happen. Thanks for watching. (techo music)