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RestartWeek Puerto Rico: Exclusive Cube Video Report on Crypto and Blockchain 2018


 

hello everyone I'm Jean Faria we are reporting on the ground near Puerto Rico for blockchain unbound exclusive conversations at coinage end of covering all the action restart week of ten of events cryptocurrency blockchain all the people are here with the local ecosystem the cube is here it's great to have you on thanks for joining blockchain innovation is today global this is a revolution way bigger than the Internet itself programmable money programmable contracts that wipes out finance it wipes out legal it wipes out governance in many ways there's no central authority you have access to open source software it's fully connected so now is the time to make it translate we've all heard about the steam digital transformation its businesses that if they don't evolve and adopt blockchain AI all these other things they have a threat of being put out of business it is extremely competitive a new set of stakeholders investors global players governments are it's happening now you have a chance to be a part of an economy without a permission of a centralized organization have to pay 200 people in 40 countries and it's an unholy mess with withholding taxes and concerns around money transfer costs a hassle it's a nightmare like all currency control so you're only allowed to move a certain amount of capital out the country legally so what happens in all your backups our currency and you can effectively invest in assets around the world this is making it much easier to contribute to help people to get healthy and you don't have to go to school there's a very big influx of young and talented minds at that right and this is really changing the revolution landscape you've got the radical Burning Man hippie guy all the way to a three-piece suit yeah and that diversity is very very rich a lot of people are scared I like whoa hold on slow down we're not gonna prove it the other half saying no this is the future so you have two competing forces colliding for some reason crypto really pokes at people's biases you know why does it have any value and I go well why does the United States dollar have any value I mean you've got Full Faith and Credit of the government that's in debt by 20 trillion dollars you know is that a good idea most people that come here sorry with the what the how and people are scared but the young people are like yo this is happening this is not a moment this is a movement is definitely oh say 1996-97 of the internet bubble it's just starting people know there's something really magical they don't quite know what you know America really grew because you're abused to have all the controls and so the capital by sea left Europe and away in America and now it's happening 300 years later as America has all the controls and the capital starting to go away so a new Liberation's happening incredible resources are now being poured in problems that were ignored for many many and what is beautiful is that block Candy's doing it open-source is accelerating the tech these ideas are being freely shared whereas before there's bottlenecks in the collaboration aspect if we're able to write a contract in a thousand people be able to verify that contract and we're able to transfer money from one person to another without the two parties being involved we've got a perfect scenario security and speed and fairness all at the same time you can create these chains of trust and that can happen anywhere in the world you're on a level playing field if you have 4G connectivity now you can compete globally and be a part of the global economy so if you're someone who's in the emerging developing world and you want to begin to build wealth and you'd like to own a piece of first world real estate and today the minimum is about a thousand dollars but by implementing the Plott chain further they won't eventually get down to one dollar you can buy a piece of real estate and enjoy the returns on that I want to solve the wealth gap and I truly believe we can do it when we can allow anyone anywhere to invest in good quality assets a conduit with the current system there's too many friction costs the killer app right is money it's paying people that is the killer app of the block type right now let's say that money is software and it is software so if you buy something with a credit card what do you think's happening it's all software and what has happened is open-source software has always eventually won with respect to close source software so proprietary money is probably back on its heels because open-source money's coming in something like that will give liquidity to a lot of small business owners America is a country of small business owners across the globe it supports small business owners it's an interesting model yeah you don't have to give up any equity you don't have to give up any poor seats yeah right it's much leaner my super if you're an investor you gotta get a pound of flesh somewhere is it's just getting it on the discounted tokens is there a little liquidity going on when you think about you know private sale presale is 99% a token deal right although equities coming in because a lot of more venture capital is coming in and they're demanding a piece of the action from a company and equity perspective its equity might be future revenue sometimes as dividends or the opportunity get dividends so it's a combination of you have a preference you care you know at the other day equity is I was always preferable there is a provision in the 1934 Securities Act called section 12 G it allows us Spacely to go public by telling the SEC we're doing it without having to delay it to wait for their permission after 60 days it's a derivative so we'll continue to clear comments but but the thing is with tokens who knows how long that'll take I mean is the SEC gonna Shepherd something through with crypto 1 or do they gonna make it take 5 years I don't know [Music] all over the island this is the new Oliver field the world is moving too fast today for a big country to keep up it's all gonna happen now in this next century at the city level and so we work a lot with four smaller countries or small countries because I know estonia armenia baja rains got you know dubai envy so i mean every country wants to be the crypto country multiple small countries are going to come into the space which they know now they can get the capital flowing into that company and they're gonna allow their rules to be lacs they're gonna let capital flow through and then us will have to change or maybe UK will have to change orders against us will have to change in the first world a lot of what we're talking about is a nice-to-have it's it's sort of a bit of a game and if i can participate but where I come from an emerging war that's a necessity they are no other solutions so if you live in South Africa or China or India and you want to get your money into a first world country like England Australia America it's very very difficult and virtually no one can do it but it's a major problem because you want wealth preservation you want but Plan B you want your children to be able to go to a first world university etc etc etc Puerto Rico being a free associated States of the United States of America is like the best place to actually test this possibly some push for that for infrastructure for you know internet for all sorts of different things in terms of building the best infrastructure the new newest best-in-class for your business it's four percent corporate taxes and individual it's zero percent now that's what you got to move here you gotta move here okay but you don't have to give you deliver your US citizenship no taxes are great at the same time they fall in love with the islands so it's amazing because to me Puerto Rico is a combination of LA's whether San Francisco's open-mindedness and Barcelona's you know deep European history it's just a really beautiful place and it's US territory so it's a short hop and a jump to the States if you need to most people in America mainland sort of think they're going to a foreign country because it's treated that way by our government how do I come to Puerto Rico do it right not offend the culture in abil them together what's your experience with the play ball stay good friends lost their relocation services for their business and themselves so they write a big check to you guys for the service but it's you guide them through the entire process and there's real energy here because there's a social movement underneath the entire cryptocurrency movement and that's to basically help your fellow man or women all these activity is really going to give a a shot in the arm to the Puerto Rican economy and we're bringing our funds and we're bringing our advisory the radar Thank You exponent there the hurricane was a horrible atrocity that happened and now we have this blank canvas to create a vision for Puerto Rico so what we're doing is we're connecting every single University on the island to work on open source projects to like make solutions for the private sector they know that if they can buy power on a cellphone like they're already doing for other goods and services now we've got a game-changer this is restart week and one of the other things that we've done is help all of the conference's come together collaborate rather than compete so go into the same week and put all of these satellite groups around it and then we blanket it a week around it so that we had one place for people to go and look for all of the events and then also for some for them to understand a movement about the education piece it's very difficult for people that kind of get caught up to speed because there's some technical things that need to understand to really apply this technology into the business world the other day we had an event where we talked 50 people how to create a smart contract from scratch those are 50 people who are not the same anymore ecosystems developing yet entrepreneurs you got projects you got funding coming in but as it's gonna be a fight for the ecosystem because you can't have zillion ecosystems there are definitely some you know the galaxies and you know regulatory aspects that you know put some concerns and a lot of you know people's mind since its inception you've seen people and media and mainstream media in particular target Bitcoin and they're just adopting the government narrative saying oh everyone in this industry is corrupt Oh everyone in this industry is an ICS camera Oh everyone in this industry is a a drug runner and they have all selling drugs on the dark web and and it's like you know what like you can do some research and don't get better than that traditional media they want to take down everybody that they don't consider you know like a birds of the same feather there actually are a lot of scammers and a lot of like dark forces inside of the cryptocurrency movement so that's why I think we welcome kind of more regulatory influence because you know none of us want to see bad actors in the space we've seen folks go out raise you know really big about to capital with no product roadmap no business talking roadmap no real way to get from zero to X what are they trying to shoehorn a regular business onto the blockchain and just assume that by adding crypto at the end of you know toilet paper they're gonna get something I had another founder tell me that you know Mike tokens are worth 100 million humming yep you don't have a user you just have a product you're tokens I've hiked if you ask me it's it's what little I can tell my house is 100 million dollars it's only worth as much as the top buyer how much we really need hardcore reputation systems in our industry and in the for the world I think 2018 is going to be the year of clarity on regulation and I think that's where Puerto Rico comes in and plays a major role just to see the thousands of people who have come here to support these several conferences has been amazing my most surprising thing though is the amount of people that have told me that they bought a one-way ticket and have no intention of going home so to make Puerto Rico your home I think is a really amazing first step when I go to the supermarket and where I go it's full of American and people from outside and when you ask them where you're from and they will tell you from Puerto Rico this is gonna become the epicenter of this multi-billion dollar market we need to have people prepared for this you have to create the transparency the beauty of the transparency is there's actually privacy baked in and that's what I love about blockchain is it has all of the good things all communities need to evolve in my opinion between technology communities open networks of governance where we have peer-to-peer distribution of finance and of resources in a way that allows people to aggregate around the marketplaces that are actually benefitting the way that they believe the world should work we're going to be tools that far surpassed what's currently available in terms of the messages the websites all these things for 20 years the Internet has been free it's a really beautiful thing for consumption and open-source is the absolute right methodology for software when it comes to your own content a reward it makes sense everybody is going to get to play together across every device the developers are going to get rewarded for creating content people are going to be rewarded for creating things inside the games and the players are going to get rewarded for getting to the top levels of all the games and we're going to reward them through our cryptocurrency if we begin to own ourself sovereign identity then when we're owning our data that's the foundation for universal basic income communications completely frictionless payment completely frictionless and governance completely frictionless and we have to put this all together who wins here the average citizen entrepreneur that is leveraged citizen player that wants to start something whether it's a banking a service provider of some sort an entrepreneur or a new financial instrument or firm you all have greenfield opportunity here the first thing I would tell found us is to reach out ok this community is very very supportive like you can reach out to me you can reach out to other guys LinkedIn Facebook or come to these events and say your idea and you need help because you will need help you cannot run this alone ok you are running a company you're running your team have a good team that's the first thing you got to be vigilant and you keeping your money in a hard wallet not keeping your private keys on your computer if you're using a centralized system those centralized systems are really easily exploitable strategic partnerships Advisors founding team and then show the idea to the people explain yourself frankly and honestly and I think the community will reward you to go and find it ring whether you're a fortune 500 company or a startup it's all about building the community and I believe that whether it's utility Target or security or combination of the two it provides an incredible vehicle to ultimately be the catalyst to your community and if you the to community adding value then you're going to build a company event it's always gonna be led by the business model because you need something to act as the power pull to pull the thing along right and you can continuously pump capital into something but if the model is wrong it's just going to drain and it's going to go to inefficient systems and in the end maybe do some help but but a very small percentage of the capacity of what it could do then the advice would be to entrepreneurs don't fret about the infrastructure just nail your business models right and because the switching cost might not be as high as you think that's right we're in the old days when we grew up yeah you made a bad technology decision you're out of business yeah but the first advice that I give my clients is to stomp this is this business that's too much formal in it yeah right if you're missing out so no just because everybody's out there Nico you should be doing an SEO right yeah 46% of I SEOs have already failed already failed start with the business gather this in the counties down right so free cash flow unique value proposition Prada market fit what sits under business think about the token model right the token model has to go in handy now with your business model and revenue model and once you figure out that business and took the models now it's time to think about compliance I'm gonna raise money in the US and abroad I've decided to go to security choking hypothetical instance absolute what do I do is there for you an incentive mechanism or is a fundraising mechanism or both who's gonna be my user who's gonna use this token right there aren't gonna be moms dads hospitals they was my target and then how they're gonna use it and are they gonna hold it I'm gonna sell it are they gonna trade it so all these different things define that oh c'mon once you get your token actually authenticated realized everything's transparent and it gets on that secondary market it's better to use that to invest in anything you need investment get everybody incentivized around your token all your employees all your vendors everybody incentivize around that token it's a thousand percent more powerful than a dollar so the dollar doesn't go up in value in your token your token can go up and down and as soon as you find just one spark it blows up everybody boats rise equal it's pasta Sara Lee the time to crack open the champagne you still have to demonstrate product market fit you have to help build a market in our particular case so there's a lot of hard work launch it's a start line it's just like it's only a step along the whole process you know what made people get it you showed them the money yeah you showed them the money sometimes people don't you can explain these concepts that are world-changing super high level or whatever people were not actually gonna get it until it's useful to them average business people and senior business people who have typically been shut off to the idea of blockchain are now seeing this as very real and here to stay momentum is just beginning it's gonna be amazing what these guys come up with that's one of the things I love about doing this thing right I'm an old guy and I get to hang around these smart young people makes me feel young again yeah but the other thing that we have and I think you should share it as well as we have to offer to these young guys experience thing we just invented a new category in the ico category an advisor token and a you have to have the stomach for it and I think you just have to be as educated and as you can what government entity can resist for the long term something that's actually trying to provide a better and better and better financial infrastructure you should be able to participate in many different nations who have many different economies that are all really cooperating interdependently to create the best possible life for all human good one dollar will not change your life but if you change your habits you'll change your financial destiny and so my philosophy is get it to a dollar so that every single person can participate and once you start to learn good habits around money and wealth the rest it's a formula like it's a flywheel instead the world will become a better place we'll have better companies positive impact is not counter to profit they go hand in hand the Puerto Rico movement it's a movement while Czech entrepreneurs capital investors the pioneers in the blockchain decentralized Internet are all here this is like the Silicon Valley of the crypto right I think they're calling it crypto island yes TV show we should be honest like it's not lost its crypto island exclusive coverage for Puerto Rico's - Cuba I'm John Ferrari getting the signal here out of all the noise in the market this is what we do this is the cube mission great strip we start week Point agenda open content community thanks for watching [Music]

Published Date : Apr 6 2018

**Summary and Sentiment Analysis are not been shown because of improper transcript**

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Damaris Rivera, Puerto Rico Advantage | Blockchain Unbound 2018


 

>> Narrator: Live from San Juan, Puerto Rico, it's theCube. Covering Blockchain Unbound, brought you to by Blockchain Industries. (upbeat Latin Music) >> Hello everyone welcome back to our our exclusive coverage, theCube in Puerto Rico for the big story about Blockchain UnBound. That's the event it's a global conference from investors, bitcoin billionaires and millionaires, as well as entrepreneurs coming to Puerto Rico to discuss the future of Blockchain, the future cryptocurrency, the future of decentral application. Partnering with the island of Puerto Rico, our next guest is Damarius Riviera with Puerto Rico Advantage. And the big story is a lot of people are moving here for either tax advantages or entrepreneurial reasons and Damarius and her team at the Puerto Rico Advantage help set that up. Damarius, welcome to theCube. >> Hola, how are you? >> Thanks for coming on. >> Thanks. >> One of the big rush here is like a gold rush for folks coming in, moving to Puerto Rico but it's hard. You guys provide a service to do that for folks. How fast is it, how does it work? How does the service work? Okay, we're Puerto Rico Advantage came together as me, I'm a local from Puerto Rico and my partners are American from Wisconsin. They're both Act 20 and Act 22 themselves. So when they got here to the island, they took like seven months to find out the opportunity analysis and if the tax incentives work for them. So when they met me, I worked previously in the government before so I know how all of this works and I said let's come with one business that will be a one stop for each client. So when they come to us they get their grants, plus the relocation services for their business and themselves. >> Certainly the incentives right now are really wonderful for business and folks who are building companies and creating wealth. The tax advantages are here. There's been a surge of people coming here. What's it like? What's, how many people are coming through? Was it a lot of volume? You guys busy? Give us some insight into how it's working. >> Yes, a lot of people are coming. They're moving real estate pretty much in San Juan area. It's gone, so the other places like Dorado and Rincon are packed. When I go to the supermarket, everywhere I go it's full of American and people from upstate. And when you ask them where you're from and they will tell you from Puerto Rico. They're already calling themselves Puerto Rican. So it's very exciting and a great opportunity for us. >> One of the things I've been impressed with is the acceptance and the blending of the island folks and people coming in. Take me through an example. Let's just say hypothetically, hypothetically, I wanted to move to Puerto Rico, what do I do? I call you guys up and say hey get me a flat, get me a house. I need security I need a car. Do I need a driver's license? Do I need insurance, I mean what has to happen? Take me through and how do I, and what happens for me? Is it turn key, is it easy? What do you guys do? What do I have to do? Take me through a use case. >> Okay, first when the client calls, if it's interested in Act 20 business, they will tell a little bit about their business and then we can say if their business qualified. Then, we will take them to the CBA and work everything about the grant. It usually takes two week depending on all the info the client gives us and the quickly and I will manage everything in the government agencies. For the residential part, we schedule their meetings when they have kids to the great private schools here. We help them with the real estate, driver's license. They do need driver's licenses. I take them to get their voters ID, everything. We have like a draft, a checklist, with everything they need to qualify for residence, a Puerto Rico resident. And we take them, we make the process very easy for them. >> So they write a big check to you guys, for the service, but you guide them through the entire process? >> Yes, we do. >> So, for individuals, you can do it for individuals and businesses and individuals right? >> Yes. >> Take me through the scenarios. >> For individuals it will be the basic Act 22. So, that one is very simple and we just tell them what they need to do to comply with the 183 days they need to reside here in Puerto Rico to get the benefits for the grants tax incentives. >> So, take me through the business aspect. >> Oh, the business aspect is also very easy. As long as your company gives an export service, it qualifies. So, we even do the, if they need to hire staff, manage their business, everything. We help them with everything. >> And you guys see a lot of business coming from, people that were going to go to the Cayman Islands, or somewhere else, are they coming here? >> Yes, everybody likes because they feel Puerto Rico is part of the United States, but then we don't pay federal taxes so they have that great benefit, so they're moving a lot of the companies here. >> So since the Hurricane obviously there's been a lot of effort in the U.S. and focusing attention on helping Puerto Rico, and there's been stories good and bad, but as the new Blockchain and the Bitcoin cryptocurrency newly minted millionaires and billionaires come in, how has the culture reacted to that? They seem to be open arms. Has it been well received? What's some of the feedback that's been happening here in Puero Rico with the new in migration of folks? >> Yes, it's very well received and it's amazing because this group of the Blockchain just came after Hurricane Maria. So people were amazed like, wow, they're still considering moving here and help the island, even after this big natural disaster. So, it gives hope to a lot of people here and it's helping the island to do a lot of more progress. >> And what's great is the island is first of all beautiful but, with the infrastructure, opportunity to reboot it and reset new infrastructure, all the tech geeks, this is Blockchain, they're like tech nerds. They love the high-speed internet, they want to have the good infrastructure and the schools have now connected Blockchain. I talked to an entrepreneur here two days ago where he's linking all the schools, educational institutions and colleges with Blockchain to create a community. So there's kind of a nerd nation emerging here in Puerto Rico, isn't there? >> Yes, yes, it's amazing that we've been considered for all of that. >> Well thank you for coming on and explaining The Puerto Rican Advantage. Also, her partners are Jennifer Brockman and Angela Brookman. You guys are doing a great service. Thank you for what you do. I think a lot of people that I've talked to really appreciated it. For folks who want to come to Puerto Rico and help out and contribute but also get some real advantages for the business and as an individual. The tax breaks and the benefits are significant here and it's part of the U.S. So, great stuff. Thank you so much. >> Yes, thank you a lot. >> More live coverage here in Puerto Rico. I'm John Furrier, host of theCube. We're back after this short break. (electronic music)

Published Date : Mar 17 2018

SUMMARY :

brought you to by for the big story about and if the tax incentives Certainly the incentives and they will tell you from Puerto Rico. One of the things and the quickly and I for the grants tax incentives. the business aspect. Oh, the business of the companies here. how has the culture reacted to that? the island to do a lot of more progress. They love the high-speed internet, for all of that. and it's part of the U.S. I'm John Furrier, host of theCube.

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Gustavo Diaz Skoff, Young Entrepreneurs Puerto Rico | Blockchain Unbound 2018


 

(lively music) >> Narrator: Live from San Juan, Puerto Rico. It's The Cube! Covering Blockchain Unbound. Brought to you by Blockchain Industries. (lively island music) >> Hey, hello everyone. I'm John Furrier. We are reporting on the ground here in Puerto Rico for Blockchain Unbound, a global conference of leaders from around the world who are coming into Puerto Rico with the local entrepreneurs, with the local ecosystem, to talk about the future of the digital nations in the world, digital transformation, also cryptocurrency, Blockchain...all the people are here, The Cube is here, as part of our 2018 kickoff of all the crypto Blockchain shows. My next guest here on The Cube is Gustavo Diaz Skoff, who is the founder and president of the Young Entrepreneurs in Puerto Rico's society, also heavily involved in the ecosystem. Thanks for speaking with me. >> Thank you. >> John: So, what's going on here in Puerto Rico? Also, we just talked with Michael Angelo, who is the co-founder of Edublock, but we're talking about a whole transformation going on in Puerto Rico. What's the young culture like? What's the old guard say? I mean, are people... What's going on? What's the mindset? What's going on in Puerto Rico? We know the hurricane that hit, but, again, looking past that, what's the cultural vibe right now in Puerto Rico? I think the cultural vibe right now is that there's a little bit of a hesitation, but, at the same time, there's a lot of excitement. Events that, like, for example, the one that were hosted yesterday, Law 23, that brought the local and the vicinity communities together to actually clear up and like lowered those stations and actually bonded and brought more energy into the whole push. I think that is the overarching vibe here in the island, it's just like awesome. There's...something's happening. We don't know quite yet what it is, but there is a historical narrative of the island, and there is definitely a very bullish view of the island. So what's really going on here is that the people are excited, but you got the whole world descending upon Puerto Rico. We grabbed a lot last night with the party. >> Yeah. >> We put out a nice sizzle reel this morning, but the vibe was awesome. People were dancing, a lot of people smiling. >> You were there? >> We were there! We just put some up on our telegram channel. >> I was the organizer of it. >> Congratulations, really awesome. >> Thank you. >> John: Outside, nice weather, things were great, but it really is about the cross-pollination. It's about the culture of Puerto Rico, maintaining the culture in Puerto Rico, seems to be the top story that we hear from folks here. Yes, we like to bring in the industry, but don't tell us what to do. We're Puerto Rico (laughing) you know, don't stomp on our land! I'm not being...but I mean there's kind of a vibe like 'look it, Puerto Rico's proud.' But that's got to translate into execution... what's the young guns doing? >> So, this is the reality in terms of what the young guns are doing, and, sadly, sometimes they're a very sad story, and the reality is like when you look at the world economic forums competitive reports, we have the sixth-largest conglomeration of trained scientists and engineers in the world. Holy shit! That's insane. But, at the same time, we have 90 percent of them being unemployed or underemployed, because we don't have like technology companies that are actually requesting and demanding that type of knowledge. And so, that's where we're actually failing in terms of execution, because we're going to end up working for a bank or for a government agency, and so there's not that many opportunities to actually go and build that. And now, just looking at the whole shift and how the world has basically come into our shores, it's like, wow. There is an opportunity to actually use this human capital and work together and just start developing and challenging ourselves locally to keep building, either as an entrepreneur or as an intrapreneur. >> John: You know, Brock Pierce, I thought, said it great today on the keynote he gave here at the Blockchain Unbound Conference, "It's a global 'we' going on; it's a 'we,' not a 'me.'" >> And I think, you know, someone who's seen many waves in my life, this is the biggest wave ever, because it's creating essentially a flat world, it's global, so it's not like the old guard, gatekeeper, migration paths up, so the migration for up the ladder, if you will, in society for a young individual was kind of structured in the past. >> Now the ladder has fallen. It's flat. (chuckling) >> Peter Thiel, who at one point was looking at paying people not to go to school, literally the world is your oyster with this new technology, because now it's a global fabric. There's no central authority. You have access to open source software. It's fully connected. So now's the time to make it translate. What do you hope for for the community in Puerto Rico to make that connection in the actual property flow, the relationships. What are you guys looking for to have happen? >> Yeah. So the answer is going to be a little bit historical, and that goes back to the question I asked off of the camera, was like, "Do you know where the first special economic zone was built, the first SEZ was built?" It was here in Puerto Rico. And for those that don't know, that was the economic model that we used as a human race in 130 nations in 4300 zones around the world to transition our economy from agriculture to manufacturing. And I believe that, right now, we're building that fabric. We're starting to reconstruct the second generation of an SEZ, and, whatever is happening here, to either build better cities, where people are able to access their food, are able to access capital, are able to access opportunities in a way that it's de-risked. I believe it's being built right now. And I think that is where we're heading. Because we already did it 71 years ago, and this is just the perfect concoction to re-do it. >> John: You know, I talk with a lot of leaders. One of them, in particular, Teresa Carlson, runs Amazon Web Services' global public sector, which is government, schools, and whatever. We're seeing for the first time, and this is what, I think, Amazon sees, and they're the leader in cloud computing, which is phenomenal, which, again, levels a lot of gatekeepers, if you think about it that way. She talks about digital nations, that we are now at the front end of the beginning of a wave where sovereignty, at a national level, with this no-border, kind of digital culture, is a huge opportunity. >> Yeah. >> How are you guys recruiting? How are you spreading the love? How are you spreading the word? Because it's not just developers, it's about the communities. >> Well, first of all, I think it's important to actually say that it's better, I think, Puerto Rico being a free associated states of the United States of America, it's like the best place to actually test this philosophy and push for that. I think that the way that we're actually starting to recruit that is by spreading out into the world and saying, "Hey, this is happening, come back." As I was mentioning, in May, we're going to Washington DC to present over 23 organizations that are working on basically all that's happening, and be able to bring more consciousness, bring more tools into the island and be able to build, essentially, the future of it. >> Tell me about the things that you're working on right now. You mentioned before we came on camera some of the things you were doing in Washington DC. What are some of the things you're hoping to accomplish over the next year in your role, inside the community here in Puerto Rico? >> I hope to, with Edublock, be able to help more students get into this space, be able to leverage better connections and relationships with these corporations that are in need now of Blockchain developers, and be able to have that circle of flow of the people here in the island and the people internationally that are looking for talent. That's my main goal. And if I could put a number of it, it would be amazing to have 500 students recruited, or with an internship, within corporations by the next 365 days. >> As you guys at Edublock are creating a separate event forum for what's happening at Blockchain Unbound to the education community, because it's pretty pricey to come to this conference, it's an investor's conference, it's an industry conference. You're seeing a world coming together, a lot of people coming in from the crypto blockchain community. What are people talking about in Puerto Rico about this migration and this intersection of the two worlds? Is it good, bad, confusing? Are people trying to figure it out? What's the vibe? >> They need more information. They need more data. (laughing) We only have a few articles, and that's it. >> John: Yeah. >> My father, for example... >> John: Articles from centralized news organizations, not trusted news organizations. >> Yes, yes. >> What does the decentralized data say? >> The decentralized data say is that this is a good technology, and we need to be careful, like we need to understand it correctly. And we need to raise awareness around the community, because it can either go really, really, really, really, really well, or we can repeat the past couple of years in the island. >> It could fail miserably or be a home run. >> Great stuff. We certainly want to expose the information and share what the stories of the key things that we're...you're doing a great job. You guys are doing great work. We support you from Silicon Valley with The Cube. >> Our job is open, free content, which we're doing here in Puerto Rico. We're with Gustavo Diaz Skoff, who is the founder and president of the Young Entrepreneur's Club here, Entrepreneurial Society, in Puerto Rico. We're on the ground, getting all the top stories and sharing the data with you. I'm John Furrier. Thanks for watching. (digital music)

Published Date : Mar 15 2018

SUMMARY :

Brought to you by Blockchain Industries. the local ecosystem, to Law 23, that brought the but the vibe was awesome. We just put some up on Puerto Rico, maintaining the culture in and the reality is like when you look at here at the Blockchain Unbound Conference, it's not like the old Now the ladder has fallen. So now's the time to make it translate. So the answer is going to be a We're seeing for the first time, it's about the communities. the best place to actually the things you were island and the people intersection of the two worlds? We only have a few John: Articles from centralized news in the island. or be a home run. stories of the key things and sharing the data with you.

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2021 035 Uma Lakshmipathy and Saju Sankarankutty V4


 

>>Welcome to the cubes coverage of HP discover 2021. I'm your host lisa martin. I've got a couple of guests with me here from emphasis. Alumni Yuma lacks empathy. Is back. Senior vice president and regional head of EMEA emphasis Yuma. It's great to see you welcome back to the program. >>Yeah. Hi Liza. It's great to be back for discover 2021. It's been a great opportunity to meet with a lot of our stakeholders and hp. >>Excellent. We're gonna dig into that. And so do Cutie is here as well. The CTO Cloud Advisory, VP hybrid cloud engineering platforms and automation at emphasis Sergey Welcome to the program. >>Thank you lisa. It's a pleasure to be in the program is my first time but I really enjoy it. Well >>Welcome. Welcome. So the next 15 minutes or so we're gonna unpack a survey that was just done as we know cloud has catalyzed a lot in the last year. One of those being cloud adoption. Talk to us about some of the things that you've seen as more and more enterprises are moving workloads to cloud. How is a hybrid cloud enabling businesses to grow, enabling them to actually have a competitive edge? >>Uh lisa if you uh if you look at the pre covid scenario and what there are many, many clients which actually made a significant move into cloud, but there were many few, a few of the companies who didn't really take a mature uh cloud adoption. But those companies which actually did the adoption, we see that have taken a big step with the help of the when the covid hit them because they were able to be very resilient, but at the same time they were able to the cloud adoption really help them to improve their business profits. Uh When we did this cloud reader survey across all the geography is we didn't get across the U. S. The latin, the issue pacific the email markets. And when we looked at uh what our clients and enterprises were able to recover and get all of this whole cloud adoption. We've got a number of 414 billions of profits that the enterprises can make by using this cloud adoption. And that's what we saw in this survey that we did with our clients. >>Yeah, that's huge. Enterprises the survey found can add up to you said 414 billion and that new profits annually through effective cloud adoption and sticking with you for a second. What does emphasis described as effective cloud adoption? >>When we look at cloud adoption, we have enterprises who started shifting workloads which are very comfortable for them. And then uh then they started to take the more mature understanding of moving workloads which were very critical to the business. So when we look at effective, it is a combination of both the ones that were very easy to go to the cloud, the ones that made business is able to bring in new applications and new, go to markets uh, to their segments to their clients. But then it is also about taking some of those legacy world clothes and making a choice the right choice to take it by transforming those applications and environments uh, into the cloud direction. And that's what we call as effective. It's just not the easy ones, but also those complex and legacy rebuild ones that that effectively goes on to transform itself into a new way for the for their clients and for the experience of the users. >>It's a big changes coming, big opportunities. We see, we've talked about this for many times more and more companies moving to multi cloud arrangements for a variety of reasons. What have been some of the things that emphasis has experienced and what are some of your viewpoints on a multi cloud? >>Thank you, lisa. So, um, if you look around right, you know, hybrid cloud has been the new normal. Right? And um and if you look at it, private cloud is becoming an essential component for hosting applications. You know, uh you know, when you look at it, it's more about applications which have low latency requirements, you know, it has regulatory requirements or it has a static demand of infrastructure. Now, what emphasis has done in this space is is that, you know, we have um we have developed a framework which we call it as a right loud solution framework and this is focused on implementing a hybrid multi cloud leveraging an in house developed tools and frameworks as well as platforms along with our strategic Puerto rico system, that is our biggest contribution onto the hybrid multi cloud world. Now, the foundation of our framework is emphasis Polly cloud platform. It's a unified multi cloud management platform. It can provision, it can orchestrate, it can also manage the cloud deployment across multiple of the environment. It can be a private, it can be public or it can be on the edge. Now, apart from all of these things, it also offers features and functionality is very similar to the hyper scholars and either it can be in terms of the user experience or it can be in a commercial model or a technology stack or it can be reports or it can be persona based user experience and integration with multiple systems. It brings all of these functionalities seamlessly across the multiple hybrid ecosystem. That's the biggest contribution from emphasis in this space. >>Got it. Okay. As we see the just clear growth of multi cloud in every industry. Talk to us about what the cloud radar survey uncovered with respective you mentioned that big number, the correlation between cloud transformation and profitable growth for enterprises across any industry. >>So I did mention about it uh lisa in in the previous question as well. When we looked at when we look at enterprises trying to take the cloud adoption, the big benefits for the enterprises do happen when they crossed that uh layer of moving a significant part of their existing legacy in a very transformed new world. And that brings in the new way of working for their customers for their end users and internally as well for their various stakeholders. And that I think is creating a cost structure for them, which is very, very optimal from where they were. But at the same time, it is enabling their ecosystem of of users and customers to come and operate in a very seamless fashion. And that is the biggest advantage of uh boosting profits for them at the same time, cutting costs within the, within the internal stakeholders. So at one stage you're optimizing your cost at another stage, you're bringing in the easiness for your clients to operate on, which is actually creating that enlarged profit boost. >>I'm sticking with you for a second. If we unpack that growth, that business profit growth opportunity that you the survey uncovered, Are we talking about things like faster time to market, increasing scale? What are some of the things underneath that hood? >>So, if you if you look at uh traditionally cloud was considered uh the enabler for quick, faster time to market. But now cloud has become the central theme for resilience. If you look at the covid pandemic, uh, those, those enterprises which were already cloud enabled, we're able to resiliently and sustain their business and grow their businesses. So as economy started opening up, if I can talk about an automotive client who is today enriching businesses out of china because they have the first economy that has opened up after the pandemic. So you see a lot of enablement for those enterprises which have already taken the cloud journey. And if you look at Today, enterprises are in somewhere around 17-18% of of cloud adopt mint and if they can take that to the 40%, that's when they will see that kind of boosted profits. And we can clearly see about $400 plus billion dollars of profits that enterprises can make. >>All right, so let's talk to you for a second. If we look at some of the survey results, the acceleration that is expected to be seen by in the next year of enterprises moving so many more workloads to cloud. You talked about hybrid cloud. Talk to me about how the experience of working with HP in creating joint solution suites is going to help the customers facilitate and drive that transformation. >>Thank you lisa. So if you look at H P E, H P E comes with a fine set of technology and commercial constructs, you know, that complements our right cloud framework and they offer the solutions. The whole sort of a lot of solutions offer private cloud as a service which is a major component of our right club framework. Either it is a continuous service with HP is is immoral data platform on HP hardware or video as a service based on a compose Herbal and Converse infrastructure or H. P. S cloud built on HPC cloud, build on Cray systems and all of them commercially supported with an H. P. S. Green leg offering makes it very attractive for our customers. Now, these integrations have helped us in providing a very similar metering and billing along with the chargeback solutions, very much in line with what is being provided by Hyper scholars. Apart from this, we also work very closely with H. P. E to create a very compelling sourcing strategy for driving hybrid cloud driven digital transformation while taking cost out and protecting the existing investments through various financial models for our customers, helping them in terms of transforming their digital estate in the, in the new cloud world. >>And um, I want to get your perspective as well. The HP emphasis partnership talk to me about that being a win win for your clients in every industry. >>So actually uh Visa is a great question and this probably is my third uh cube interview and I've told this previously as well in my previous interviews as well, the relationship between emphasis and hedge P is very very strategy and it's it's very very top down driven. And today we've seen very high transformative opportunities that two organizations have come together and we won't call it win win, but we call it a win win win, which is essentially win for HPV win for emphasis, but even for the clients as well. So if you look at some of the engagements that we have jointly done, everything has been transformative. I can talk about uh energy client where we've done a huge which will be D I uh engagement with them, where we have been able to take them very uh seamlessly when the covid pandemic hit them so that there are significant part of their right to users but be able to operate from their residences. I can talk about a great story about how we had enabled Green Lake for a wind energy company. Uh and how that Green Lake capability help the customer to migrate the application seamlessly uh to a hybrid cloud. And there are so many examples of similar scale and size when we look at clients in the manufacturing space and the automobile sector, where we've really done work very closely with HP across all regions and all geography is uh to make this what I would call a win win win partnership. >>I like that when when when who wouldn't want that. One more question for you talk to me about the next, as we talked about some of those survey results and I think folks can find that survey the cloud radar survey on the emphasis dot com website. I found it on the homepage there. But looking at how much Transformation is expected in the next 12 months or so, what are some of the things that we can expect from emphasis on H. P. E. to help drive and catalyze that growth that you expect to see in the next 12 months? >>Yeah. And I was talking to you before this interview and you said that yes, we gotta look at this. And I was feeling very happy that you have the opportunity to look at the side. And you said that look there's an opportunity to also make to continuously provide feedback. And we're very happy for clients to come in and look at it and do provide us the feedback. This is a constant learning for us. We have a big learning company Uh and when it comes to uh the next 12 months of agenda, I think the pipeline is very robust for both us and the hp. In terms of the way we want to take proactive transformational opportunities to the to our clients create a value differentiation on the hybrid cloud for them. And uh clearly uh this this survey clearly came back to reflect back to us that our strategy that we've done together as partners is the right strategy because there is a significant headroom for growth uh in the cloud space uh for both emphasis and H. B. >>Excellent. Well gentlemen, thank you for joining me today, talking to me about what emphasis and HP are doing together, unpacking some of the significant insights that the cloud radar survey has uncovered. We appreciate your time. >>Thank you lisa. Thank you. Thank you for giving us this opportunity. >>Absolutely. For election Soju. I'm lisa martin. You're watching the cubes coverage of HP discover 2021. Yeah, yeah.

Published Date : Jun 15 2021

SUMMARY :

It's great to see you welcome back to the program. It's been a great opportunity to meet with a lot of our stakeholders to the program. It's a pleasure to be in the program is my first time but I really enjoy it. So the next 15 minutes or so we're gonna unpack a survey the cloud adoption really help them to improve their business profits. Enterprises the survey found can add up to you said 414 and for the experience of the users. What have been some of the things that And um and if you look at it, private cloud is becoming an essential Talk to us about what the cloud radar survey uncovered with respective you mentioned that big number, And that is the biggest advantage of uh that you the survey uncovered, Are we talking about things like faster time to market, the enabler for quick, faster time to market. the acceleration that is expected to be seen by in the next year of enterprises moving So if you look at H P E, H P E comes with a fine The HP emphasis partnership talk to me about that that Green Lake capability help the customer to migrate the application that growth that you expect to see in the next 12 months? And I was feeling very happy that you have the opportunity to look at the side. Well gentlemen, thank you for joining me today, talking to me about what emphasis and HP are doing together, Thank you for giving us this opportunity. Yeah,

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Brian Bouchard, Alacrinet Consulting Services | IBM Think 2021


 

>> From around the globe, It's theCUBE. With digital coverage of IBM Think 2021, brought to you by IBM. >> Hi, welcome back to theCUBE's coverage of IBM Think 2021 virtual. I'm John Furrier host of the CUBE. We got a great guest here. Brian Bouchard is the co-founder president and CEO of Alacrinet. Brian great to see you remoting in all the way from Puerto Rico to Palo Alto. >> That's right. >> Great to see you. >> Thanks for First of all, thanks John, for having me. I really appreciate the opportunity. >> Yeah, great to see you. Thanks for coming on. First of all, before we get into what you guys do and and how this all ties in to Think. What do you guys do at Alacrinet? Why the name? A it's good you're at the top of the list and alphabetically, but tell us the, the, the the secret behind the name and what you guys do. >> So, first of all Alacrinet is based on the root word alacrity which means a prompt and willing, a prompt a joyous prompt to, excuse me, to achieve a common goal. So we ultimately are a network of individuals with the traits of alacrity. So Alacrinet. So that's our name. >> Great. So what's your relationship with IBM and how you guys have been able to leverage the partnership program in the marketplace? Take us through the relationship. >> So, well, first of all Alacrinet is a platinum IBM business partner and it was awarded recently the 2020 IBM North American partner of the year award. And we were selected amongst 1600 other business partners across North America. We've been actually a consulting, an IT consulting company for almost 20 years now. And we were founded in 2002 in Palo Alto and we have focused specifically on cyber security since 2013. And then as part, go ahead. >> What are some of the things that you guys are working on? Because obviously, you know, the business is hot right now. Everyone's kind of looking at COVID saying we're going to double down on the most critical projects and no time for leisurely activities when it comes to IT. And cloud scale projects, you know mission critical stuff's happening what are you guys working on? >> So we're, we're focused on cybersecurity, our security services really compliment IBM's suite of security solutions and cover the full spectrum from our research and penetration testing, which helps identify vulnerabilities before a breach occurs. And we also have managed security services which helps prevent, detect and remediate attacks in real time. And then finally, we also have a security staffing division and a software resell division, which kind of rounds out the full amount of offerings that we have to provide protection for our clients. >> What are some of the biggest challenges you guys have as a business, and how's IBM helping you address those? >> Well, as you know, John, we all know the importance of cybersecurity in today's world, right? So it's increasing in both demand and importance and it's not expected to wane anytime soon. Cyber attacks are on the rise and there's no there's no expected end in sight to this. And in fact, just this week on 60 minutes, Jay Powell, the chairman of the federal reserve board he noted that cyber attacks were the number one threat to the stability of the US economy. Also this week, a public school in Buffalo New York was hacked with ransomware and the school you know, this, the school district is just contemplating you know, paying the ransom to the hackers. So there's literally thousands of these attacks happening every day, whether it's in local school district or a state government, or an enterprise even if you don't hear about them, they're happening In adding to the complexity that the cyber attackers pose is the complexity of the actual cybersecurity tools themselves. There isn't a single solution provider or a single technology, that can ensure a company's security. Our customers need to work with many different companies and disconnected tools and processes to build an individual strategy that can adequately protect their organizations. >> You know, I love this conversation whenever I talk to practitioners on cybersecurity, you know that first of all, they're super smart, usually cyber punks and they also have some kinds of eclectic backgrounds, but more importantly is that there's different approaches in terms of what you hear. Do you, do you put more if you add more firefighters, so to speak to put out the fires and solve the problems? Or do you spend your time preventing the fires from happening in the first place? You know, and you know, the buildings are burning down don't make fire fire, don't make wood make fire resistance, you know, more of a priority. So there's less fires needing firefighters So it's that balance. You throw more firefighters at the problem or do you make the supply or the material the business fireproof, what's your take on that? >> Yeah, well, it kind of works both ways. I mean, we've seen customers want it. They really want choice. They want to, in some cases they want to be the firefighter. And in some cases they want the firefighter to come in and solve their problems. So, the common problem set that we're seeing with our that our customers encounter is that they struggle one, with too many disparate tools. And then they also have too much data being collected by all these disparate tools. And then they have a lack of talent in their environment to manage their environments. So what we've done at Alacrinet is we've taken our cybersecurity practice and we've really specifically tailored our offerings to address these core challenges. So first, to address the too many disparate tools problem, we've been recommending that our clients look at security platforms like the IBM Cloud Pak for security the IBM Cloud Pak for security is built on a security platform that allows interoperability across various security tools using open standards. So our customers have been responding extremely positively to this approach and look at it as a way to future-proof their investments and begin taking advantage of interoperability with, and, tools integration. >> How about where you see your business going with this because, you know, there's not a shortage of need or demand How are you guys flexing with the market? What's the strategy? Are you going to use technology enablement? You're going to more human driven. Brian, how do you see your business unfolding? >> Well, actually really good. We're doing very well. I mean, obviously we made the, the top the business partner for IBM in 2020. They have some significant growth and a lot of interest. I think we really attack the market in a, in a with a good strategy which was to help defragment the market if you will. There's a lot of point solutions and a lot of point vendors that various, you know, they they spent specialized in one piece of the whole problem. And what we've decided to do is find them the highest priority list, every CSO and CIO has a tick list. So that how that, you know, first thing we need we need a SIM, we need an EDR, we need a managed service. We need, what's the third solution that we're doing? So we, we need some new talent in-house. So we actually have added that as well. So we added a security staffing division to help that piece of it as well. So to give you an idea of the cybersecurity market size it was valued at 150 billion in 2019 and that is expected to grow to 300 billion by 2027. And Alacrinet is well-positioned to consolidate the many fragmented aspects of the security marketplace and offer our customers more integrated and easier to manage solutions. And we will continue to help our customers select the best suite of solutions to address all types of cybersecurity, cybersecurity threats. >> You know, it's it's such a really important point you're making because you know, the tools just have piled up in the tool shed. I call it like that. It's like, it's like you don't even know what's in there anymore. And then you've got to support them. Then the world's changed. You get cloud native, the service areas increasing and then the CSOs are also challenged. Do I, how many CLAWs do I build on? Do I optimize my development teams for AWS or Azure? I mean, now that's kind of a factor. So, you have all this tooling going on they're building their own stuff they're building their own core competency. And yet the CSO still needs to be like maintaining kind of like a relevance list. That's almost like a a stock market for the for the products. You're providing that it sounds like you're providing that kind of service as well, right? >> Yeah, well, we, we distill all of the products that are out there. There's thousands of cybersecurity products out there in the marketplace and we kind of do all that distillation for the customer. We find using, you know, using a combination of things. We use Forrester and Gartner and all the market analysts to shortlist our proposed solutions that we offer customers. But then we also use our experience. And so since 2013, we've been deploying these solutions across organizations and corporations across America and we've, we've gained a large body of experience and we can take that experience and knowledge to our customers and help them, you know, make make some good decisions. So they don't have to, you know, make them go through the pitfalls that many companies do when selecting these types of solutions. >> Well congratulations, you've got a great business and you know, that's just a basic search making things easier for the CSO, more so they can be safe and secure in their environment. It's funny, you know, cyber warfare, you know the private companies have to fight their own battles got to build their own armies. Certainly the government's not helping them. And then they're confused even with how to handle all this stuff. So they need, they need your service. I'm just curious as this continues to unfold and you start to see much more of a holistic view, what's the IBM angle in here? How, why are you such a big partner of theirs? Is it because their customers are working with you they're bringing you into business? Is it because you have an affinity towards some of their products? What's the connection with IBM? >> All of the above. (chuckles) So I think it probably started with our affinity to IBM QRadar product. And we have, we have a lot of expertise in that and that solution. So that's, that's where it started. And then I think IBM's leadership in this space has been remarkable, really. So like what's happening now with the IBM Cloud Pak for security you know, building up a security platform to allow all these point solutions to work together. That's the roadmap we want to put our customers on because we believe that's the that's the future for this, this, this marketplace. >> Yeah. And the vision of hybrid cloud having that underpinning be with Red Hat it's a Linux kernel, model of all things >> Yeah. Super NetEase. >> Locked in >> It's portable, multiple, you can run it on Azure. IBM Cloud, AWS. It's portable. I mean, yeah, all this openness, as you probably know cyber security is really a laggard in the security in the information technology space as far as adopting open standards. And IBM is I think leading that charge and you'll be able to have a force multiplier with the open standards in this space. >> Open innovation with open source is incredible. I mean, if you, if, if if open source can embrace a common platform and build that kind of control plane and openness to allow thriving companies to just build out then you have an entire hybrid distributed architecture. >> Yeah. Well, I think companies want to use the best in breed. So when we, when we show these solutions to customers they want the best in breed. They always say, I don't, when it comes to security they don't want second best. They want the best it's out there because they're securing their crown jewels. So that makes sense. So the problem with, you know having all these different disparate solutions that are all top in their category none of them talk to each other. So we need to address that problem because without that being solved, this is just going to be more it's going to compound the complexity of the problems we solve day to day. >> Awesome. Congratulations, Brian, great story. You know entrepreneur built a great business over the years. I think the product's amazing. I think that's exactly what the market needs and just shows you what the ecosystem is all about. This is the power of the ecosystem. You know, a thousand flowers are blooming. You got a great product. IBM is helping as well. Good partnership, network effects built in and and still a lot more to do. Congratulations. >> Absolutely. >> Okay. >> Thank you very much >> Brian Bouchard >> Made my impression. I appreciate that >> Thanks for coming on theCUBE Appreciate it. I'm John Furrier with IBM thinks 2021 virtual coverage. Thanks for watching. (outro music plays)

Published Date : May 12 2021

SUMMARY :

brought to you by IBM. Brian great to see you remoting in I really appreciate the opportunity. of the list and alphabetically, the root word alacrity with IBM and how you partner of the year award. that you guys are working on? out the full amount of that the cyber attackers pose and solve the problems? So first, to address the too because, you know, there's So to give you an idea of because you know, the and Gartner and all the market analysts to and you know, that's just a basic search All of the above. having that underpinning be with Red Hat in the information and openness to allow thriving So the problem with, you know and just shows you what I appreciate that I'm John Furrier with IBM

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IBM14 Brian Bouchard V2


 

>>From around the globe. It's the Cube with digital coverage of IBM think 2021 brought to you >>by IBM. Welcome back to the cubes coverage of IBM Think 2021 virtual. I'm john ferrier host of the Q. We've got a great guest here brian Bouchard, co founder president and ceo of Allah credit brian, great to see you um promoting it all the way from Puerto rico to Palo Alto. >>Great to >>see. First of all. Thanks for having me. I really appreciate the opportunity. >>Yeah great, Great to see you. Thanks for coming on. Um first of all, before we get into what you guys do and how this all ties in to think what do you guys do? It Alex Burnett, Why the name uh is good, you're at the top of the list and alphabetically, but tell us the secret behind the name and what you guys do. >>So first of all, a crochet is based on the root word alacrity, which means a prompt and will prompt a joyous prompt itude excuse me to achieve a common goal. So we ultimately our network of >>individuals with >>the traits of alacrity. So eloquent. So that's our name. >>Great. So what's your relation with IBM and how you guys been able to leverage the partnership program in the marketplace take us through the relationship >>so Well, first of all, L. A. Quartet is a platinum IBM business partner and was awarded recently the 2020 IBM north american Partner of the Year award. And we were selected among 1600 other business partners across North America. We've been actually a consulting an IT. consulting company for almost 20 years now and we were founded in 2002 in Palo Alto. And we have focused specifically on cybersecurity since 2013. What is >>Right, what are some of the things you guys are working on? Because obviously, you know, the business is hot right now, everyone's kind of looking at Covid saying we're gonna double down on the most critical projects and no time for leisurely activities when it comes to I T and cloud scale projects, you know, mission critical stuff is happening. What are you guys working on? >>So we're focused on cybersecurity. Our our security services really complement IBM suite of security solutions and cover the full spectrum from our research and penetration testing, which helps identify vulnerabilities before it reach occurs. And we also have managed security services which helps prevent detect and remediate attacks in real time. >>And then finally, we also have a security staffing division and a software resale division which kind of rounds out the full amount of offerings that we have to provide protection for our clients. >>What are some of the biggest challenges you guys have as a business and house IBM helping you address those? >>Well, as you know, john, we all know that the importance of cyber security in today's world, so it's increasing in both demand and importance and it's not expected to wait any time soon. Cyber attacks are on the rise and there's >>no >>Uh there's no expected end in sight to this and in fact just this week on 60 minutes, uh, the Jay Powell, the chairman of the Federal Reserve Board, he noted that cyber attacks were the number one threat to the stability of the US. economy. >>Also this week, >>a public school in Buffalo new york was hacked with ransomware >>and the school, this uh, >>the school district is just contemplating you're paying the ransom to the hackers. So there's literally thousands of these attacks happening every day, whether it's in a local school district or state government or an enterprise, even if you don't hear about them, they're happening. And adding to the complexity that the cyber Attackers pose is the complexity of the actual cybersecurity tools themselves. There isn't a single solution provider or single technology that could ensure a company security. Our customers need to work with many different companies and disconnected tools and processes to build an individual strategy that can adequately protect their organizations. >>You know, I love this conversation whenever I talked to practitioners, uh, cybersecurity, you know, first of all, they're super smart, usually cyber punks, and they also have some kind of eclectic background, but more importantly, is that there's different approaches in terms of what you hear. Do you do you put more if you add more firefighters so to speak, to put out the fires and solve the problems? Or do you spend your time preventing the fires from happening in the first place? You know, and you know, the buildings are burning down, Don't make a fire fire uh don't make would make fire resistance, you know, more of a priority. So there's less fires, not firefighters. So it's that balance. You throw more firefighters at the problem or do you make the supply or the material, the business fireproof? What's your take on that? >>Well, it kind of works >>both ways. I mean, we've seen customers want to, they really want choice. They >>wanna, in some >>cases they want to be the firefighter and in some cases they want the firefighter to come in and solve their problems. So >>the common problem set that we're seeing with our our customers encounter is that they struggle one with too many disparate tools and then they also have too much data being collected by all these disparate tools and then they have a lack of talent in their environment to manage their environment. So what we've done at Lacqua net is we've taken our cybersecurity practice and we've really uh specifically tailored our offerings to address these court challenges. So first to address the too many disparate tools problem, uh We've been recommending that our clients look at security platforms like the IBM cloud pack for security. The IBM cloud fax for security is built on a security platform that allows interoperability across various security tools using open standards. So our customers have been responding extremely positively to this approach and look at it as a way to future proof their investments >>and begin taking advantage of >>interoperability with >>hand tools integration. >>Talk about what you see your business going with with this because you know there's not a shortage of of need um demand. Um How are you guys flexing with the market? Uh What's the strategy are you going to use technology enablement? You're gonna more human driven brian how do you see your business of unfolding >>Well? Actually really good. We're doing very well. I mean obviously we've made the top business partner for IBM in 2020. Um we have some significant growth and a lot of interest I think we really attacked the market in a good strategy which was to help defragment the market if you will. There's a lot of point solutions and a lot of point vendors that you know they they spent uh specialize in one piece of the whole problem and what we've decided to do is find them the highest party list. Every see so and see IO has a tick list. So >>they have that >>you know uh first thing we need we need a sim we need a E. D. >>Are we need a >>managed service? We need um what's the third solution that we're doing? So we need some new talent in house. So we actually have the added that as well. So we added a security staffing uh division to help that piece of it as well. So to give you an idea of the cybersecurity market size, It was valued at 150 billion in 2019. And that is expected to grow to 300 billion by 2027. >>And Akron is well positioned to consolidate the many fragmented aspects of the security marketplace and offer our customers more integrated and easier to manage solutions. And we will continue to help our customers select the best suite of solutions to address all types of cyber security, cyber security threats. >>You know, it's such a really important point you're making because, you know, the tools just piled up in the tool shed, I call it like that, It's like, it's like you don't even know what's in there anymore and then you've got to support them, then the world's changed, get cloud native, the service area is increasing and then the CSOs are also challenged. Do I have any clouds? Do I build on? Do I optimize my development teams for AWS or Azure? Now, that's kind of a factor. So you have all this tooling going on? They're building their own stuff, they're building their own core competency. And yet the sea so still needs to be like maintaining kind of like a relevance list. That's almost like a stock market for the, for the products you're providing, that it sounds like you're providing that kind of service. >>Uh, yeah, as well. Right? We distill all of the products that are out there, there's thousands of cybersecurity products out there in the marketplace and we kind of do all that distillation for the customer we find using, you know, using a combination of things we use uh Forrester and Gartner and all the market analysts to shortlist are, are solutions that we offer customers. But then we also use our experience. And so through since 2013, we've been deploying these solutions across organizations and corporations across America and we've gained a large body of experience and we can take that experience and knowledge to our customers and help them make some good decisions. So they don't have to make them go through the pitfalls that many companies do when selecting these types of solutions. >>Well, congratulations, got a great business and uh you know, that's just a basic, starts making things easier for the sea. So more so they can be safe and secure in their environment. It's funny, you know, cyber warfare, you know the private company have to fight their own battles, going to build their own armies. Certainly the government's not helping them and they're confused even know how to handle all this stuff. So they didn't they need your service. I'm just curious as this continues to unfold and you start to see much more of a holistic view. What's the IBM angle in here? Why are you such a big partner of theirs? Is it because their customers are working with you? They're bringing you into business? Is it because you have an affinity towards some of their products? What's the connection with IBM, >>all of the above? So >>I think it probably started with our affinity to IBM P radar products and we have a we have a lot of expertise in that in that solution. Um, so >>that's that's where it >>started. And then I think I B. M. S leadership in this space has been, Yeah, >>remarkable. Really. So like what's happening now with the IBM compaq for security, building a security platform to allow all these points solutions to work together. Uh that's the road map we want to put our customers on because we believe that's the that's the future for this, this uh, this marketplace >>and the vision of hybrid cloud having that underpinning be with red hat, it's a Lennox Colonel model of >>all things you can you can run it on. Sure. I've been plowed uh aws it's portable. Yeah. All this openness, as you probably know, uh, cybersecurity is really a laggard in the security and the information technology space as far as adopting open standards and IBM is I think leading that charge and you'll be able to have a force multiplier >>uh >>with open standards in the space. >>Open innovation with open source is incredible. I mean if you if if open source can embrace a common platform and build that kind of control, playing and openness to allow thriving companies to just build out, then you have an entire hybrid distributed >>architecture. Yeah, well, I think companies want to use the best in breed. So when we, when we show these solutions to customers, they want the best in breed, they always say, I don't, when it comes to security, they don't want second best. They want the best that's out there because they're securing their crown jewels. So that makes sense. Um, so the problem is having all these different disparate solutions that are all top in their category, none of them talk to each other so we need to address that problem because without that being solved this is just going to be a more, it's going to compound the complexity of the problems we solve day to day, >>awesome, congratulations brian, great story. Um you know entrepreneur built a great business over the years um I think the products amazing, I think that's exactly what the market needs and it just shows you what the ecosystems all about. This is the power of the ecosystem. You know 1000 flowers are blooming, you got a great product. IBM is helping as well. Good partnership network effect builds in and and still a lot more to do. Congratulations. >>Absolutely. Okay thank you very much >>brian thanks >>for coming on the q appreciate it. I'm Sean Fourier with IBM thinks 2021 virtual coverage. Thanks for watching. Mhm.

Published Date : Apr 15 2021

SUMMARY :

of IBM think 2021 brought to you great to see you um promoting it all the way from Puerto rico to Palo Alto. I really appreciate the opportunity. Um first of all, before we get into what you guys do and So first of all, a crochet is based on the root word alacrity, which means a prompt the traits of alacrity. the marketplace take us through the relationship the 2020 IBM north american Partner of the Year award. Right, what are some of the things you guys are working on? And we also have managed security services which helps prevent detect and remediate out the full amount of offerings that we have to provide protection for our clients. Well, as you know, john, we all know that the importance of cyber security in today's Uh there's no expected end in sight to this and in fact just this week on 60 that the cyber Attackers pose is the complexity of the actual cybersecurity tools themselves. but more importantly, is that there's different approaches in terms of what you hear. I mean, we've seen customers want to, they really want choice. So So first to address the too many disparate Uh What's the strategy are you going to use technology enablement? to help defragment the market if you will. So to give you an idea of the cybersecurity select the best suite of solutions to address all types of cyber security, cyber security threats. the tools just piled up in the tool shed, I call it like that, It's like, it's like you don't even know what's in there anymore do all that distillation for the customer we find using, you know, using a combination of things we Certainly the government's not helping them and they're confused even know how to handle all a lot of expertise in that in that solution. And then I think I B. M. S leadership in this space has been, Uh that's the road map we want to put our customers on because we believe that's the All this openness, as you probably know, uh, cybersecurity build out, then you have an entire hybrid distributed none of them talk to each other so we need to address that problem because without that being solved this Um you know entrepreneur built a great Okay thank you very much for coming on the q appreciate it.

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Michael Jordan & Matt Whitbourne, IBM | IBM Think 2020


 

>>Yeah. >>From the Cube Studios in Palo Alto and Boston. It's the Cube covering IBM. Think brought to you by IBM. >>Welcome back to IBM. Think Digital 2020. This is the Cube, and we're really excited to have two great guests on Michael Jordan is the distinguished engineer with IBM Z Security. Michael, good to see you again. Welcome back. >>Thank you. It's good to be back. >>And, Matt, what Born is the program director and offering lead for Z 15. Good to see that. >>Thank you for having me, >>guys. Easy. Easy is a good place to be. Great corner, 61% growth. You got to love it. Regulations. It'll be feeling pretty good. I mean, other than what we're going through. But from a business standpoint, Z powered through, didn't it? >>It did. I mean, we're really pleased with the contribution that Z continues to make for our clients. Especially right now, given everything that's going on, business continuity, scale, resilient security. They're just so important for our clients in the platform. >>Yes. So we're gonna We're gonna talk a lot about this. Maybe Matt could start with you just in terms of, you know, you talk about. Ah, cyber resiliency. Hear that a lot? Um, e I think it may be. Means a lot of different things to a lot of different people. What does it mean? Busy? >>Yeah, for us. I mean, you know, we kind of start in many ways with, like that, this definition on that which talks about the ability to anticipate, withstand, recover, adapt all of these adverse conditions, might face or stresses compromises in attacks in your systems and your just cyber results. It's so it's a really important top of mind talking point from other clients who are thinking about this both from, I guess, the resilience when it comes to the systems and also the data as well. From our standpoint, you know, Z has been at the forefront of resilience for many, many generations. Now, whether that's the scale that systems we're able to provide, the ability to tap into more capacity is needed, whether on a temporary or permanent basis, cause you never know when a when a spike might be occurring on day, especially with clients going through digital transformation as well. The fact that we can talk about solutions being designed for seven nines of availability on. But the reason why clients like Tesco or alliances for their resilient banking platform or Department of Treasury in Puerto Rico depend on us or for a highly available solution. So it's never been more important for by us. >>So, Michael, from a technical standpoint, um, I mean, I go back to the rack f days and and I I used to ask, why is it that, you know, the mainframe had, you know, such good security, and it was explained to me years ago? Well, cause you knew everything that went on who touched what? You know, there was a clear understanding of that clear visibility of that. Um, but maybe you could explain just for laypeople from just from a technical standpoint. Why is it that Z has such strong cyber resiliency? >>Sure. So So some of it, I think, is there's 22 aspects that I want to mention first is, you know, culture, right? You know, the IBM Z, you know, development team and broader, you know, design team. We have in our culture to build systems that are secure and robust, that that's kind of part of our DNA. And so it's that mindset when you look at, you know, technologies like parallel system, flex and geographic geographically dispersed, parallel, parallel suspects, GPS. You know, those are ingrained in those technologies, but the other capability that we have or I should say, um, you know, benefit that we we have is we own the whole stack, right? We own, you know, the hardware we own the firmware, um, and we own the software that sits on top of there in the middle, where and so whether it's resiliency or whether it's security when we want to design and build solutions, you know, to make optimal solutions, you know any of those spaces we can actually design and architect the solutions, you know, both at the right point in the stack and across the stack as needed to really deliver on these capabilities. >>So, Matt, one of our partners, ET are holds these CEO roundtables, and one of the CEO said we really weren't ready from a resiliency standpoint. We're too focused on on er and kind of missed the boat on business continuity to narrow focus. I presume you're hearing a lot of that these days. I wonder if you could just tell us about some of the things that you're seeing with clients, Maybe the conversations you're having and how you're helping Sort of broaden that capability. >>Yeah, sure. I mean, to your point. I mean, nobody really could have quite predicted. You know what we're dealing with right now, but, you know, we have had over many generations of the Z platform, you know, clients deeply partnered with us to try and make sure they have a a highly available environment for business continuity. And, you know, just thinking about things from a Dell perspective. You know what they can do to fortify and make their solution sort of more resilient on the day by day basis. I mean, one of the things you might be talking about, some of the inherent capabilities we have a hassle. The fact that we build, you know, our systems with the additional capacity kind of baked in. Which means that for so many of our clients, you know, in the first in the first quarter, where they were seeing the huge amounts of peak workload kind of coming in, that they needed to be able to deal with the fact that we design our systems to be able to just kind of gobble up that work. With that we call dark capacity to be turned on at the drop of a hat. It's tremendously important because not only need to be offsite, just resilient in terms of the applications, but you need to get a deal with growth. You're going through that. The other aspect, which is a new capability with the 15 that kind of builds on what we could do with that dark past thing is this concept of instant recovery. But what we're actually helping clients do there in terms of fortifying and making their environment more resilient, is letting them attack into that dark capacity when they're going through restart activities of partitions, not just thinking about unplanned scenarios, but actually planned out just as well. So what that really helps with is because you always have to do planned maintenance. You know, when your systems, you know when you're partitions your your system because the environment. So what we're doing is saying when you're going through that restart sort of process, whether it's the shutdown, whether it's to bring up of the partition or the middleware or even in fact, actually helping you catch up. Kind of for what? You what you lost one weren't sort of processing workflow. We turn on that extra capacity in the system automatically for this boost window that were that we're helping our clients with. Not only we do that. Mike's point about owning a stack means that we can deliver that in a way that there's no increase in IBM software cost a reliever. So we're always kind of looking about what we can do to kind of move the ball forward to make a client's environment even more resilient as well. >>I've always, I learned from my mainframe days many, many years ago. And what when a vendor comes in and shows a new product, they always ask you what happens when something goes wrong? It's all about recovery that's always been one of the main frame strength. Mike, I want to ask you about data protection. I mean, it's a topic that again means a lot of things to a lot of people you know doesn't mean backup. There's data privacy. There's data Providence. There's data sovereignty. We talk about data protection from a Z prism. >>Sure, so So our point of view on data protection is is we view it as a as a multi layered proposition. It's not. It's not just one thing. In effect, we viewed the lens of a broader, you know, layered cybersecurity strategy where you know, data protection. And, you know, in this case, you know, talking about encryption and being another encrypt data on a massive scale is the foundation for, you know, a layered cyber security strategy, um, and providing capabilities for appliance. Do you protect data at the disk level with the 15? We also introduced the ability of actually being able to protect the data as it flows through their storage area network through something we call fibre channel endpoint security and then layering on top of that, you know, host based encryption capabilities, you know, in the operating system, whether it's, you know, buy or or data set level encryption and you know, then on top of that, they can layer additional capabilities for things like multi factor authentication to protect your privileged identities from being compromised or being able to do damage to your system and then, you know, building and layering. On top of that things like security, intelligence and being able to monitor and understand You know what, what's happening across the system. >>So I was talking with Developer the other day in cloud app pretty, you know, non mission critical. But ask them to use encryption and he said, Yeah, we could, but we don't cause it slows us down a little bit. So I'm wondering how you deal with that trade off performance versus Protection Z. How does he deal with that? >>Sure, So that's that. That's a great That's a great question. And that actually goes back to you know what we did with with our Z 14 so that the generation before and I think we've we've improved that with with the 15 and then I'll get to that in a bit. But one of the barriers that we recognized is exactly what you said is the You know, the cost of doing encryption is prohibitive, Um, and what we did is we have, ah, a cryptographic accelerator that's integrated into our micro processor that's capable of encrypting so each or it's capable of encrypting up to 14 gigabytes of data per second. And if you multiply that by the number of cores that you have. You know, a fully configured you nosy 15 met. What does it have any cores? Do we have in that 100 >>90 with >>190 So So do the math right? 190 times, you know, 14 gigabytes per second. It's an encryption powerhouse, and that can all be done synchronously with extremely low latency. So we have the horsepower to do encryption on a very broad scale with very, very low overhead. And that's what our clients are leveraging and taking advantage of. And with the Zy 15. That being we announced it and made available last year. We actually have now compression that's built into the micro processor so you can actually compress the data, Um, first and then encrypted. And there's a twofold benefits that first is now. I have less data to encrypt, so I have lowered my encryption overhead, and at the same time I've managed to preserve my storage efficiency. So it's a It's a twofold benefit there, >>you know. People talk off about Z, they talk about it, it's open. It's kind of all started back when you guys brought in Lennox. And now, of course, it's It's much more than that. Um, but I'm wondering how open plays into this notion of cyber resiliency in some respects there. Counter poised. But But how do you sort of square that circle for me? >>Yeah, I mean, it's kind of look at it is when it comes to openness and digital transformation, it's kind of doing it without compromise on. That's kind of the way I look at the Z platform because you're right. I mean the fact that we have the likes of open shift support on the seat platform or you can use, you know, answerable for for doing automation. I mean, were always looking to try and make sure that we support from A from a management standpoint or development standpoint. We'll use whichever tool frameworks languages are appropriate on the platform and integrated to a hyper cloud wherever you want to go. That's why when we look at it from the perspective of what it really means to have mission critical applications and why, it's why that is the key point about banks. Insurance companies, etcetera continue to trust. Z is there is the home for their system of record because they want to get the benefits. You know, the best of both worlds. So they want to be able to have the security, the resilience and the scale of the platform. But the same time they want to have flexibility to be able to use cloud native technologies to be able to deploy them on our platform. And then this micro sort of talking about the exciting thing for us is even going one step further. That says, if you do want your data to move around your hybrid cloud for very good reasons for certain scenarios, being able to have that capability to protect the data, not just encrypted that manage the privacy over the data as it flows out and see to kind of take those characteristics into the hybrid cloud is something that a lot of that clients been really, really excited to take advantage of it. It's >>about this conference. You might get certain >>charting Matt into a security guide. You see that? >>Yeah, >>I think everybody's got to be a security person these days. I want to ask about zero trust. You know, that term is thrown around a lot of, uh, you know, you can get kind of buzz, wordy. You see, people always have substance. I want to ask you guys what zero trust means the Io. >>So So I think there's, you know, my view of zeros where we're at from an industry from from zero. Trust is is very similar to where we're at with cloud, you know, going back a handful of years where if you ask 10 different people what you know, cloud was you get 10 different answers. Um, and none of them were probably wrong. And so I think, you know, we're very similar state in terms of our understanding and, you know, market maturity around zero trust. But there's, you know, at its for, you know, the the the The idea is, you know, we've been focused on protecting, you know, our environments using a castle and moat of approach. Um, and, you know, you know, protecting the perimeter. Yeah, and then trusting everything inside of inside of that. You know that that mode, if you will, um and what the zero trust is a recognition that that's not sufficient. And, you know, and then if you look at that in the context of our evolving and changing in environment and moving to hybrid multi clouds where, um, the notion of a perimeter is gone. You know that that strategy and approach for protection, it doesn't hold up. And so we need to evolve that, um And we need to have, you know, you know, move from the notion of, um, operational trust to a notion of technical trust and building, you know, building more sophisticated mechanisms for doing authentication, understanding broader what's happening across the environment and feeding that into, you know, decisions that are made in terms of who gets to access. What data. So, >>yeah, good, Matt, bring us home overnight. You know, this pandemic has really heightened our awareness of cyber resiliency. Business continuity have changed our our mindset and definition of those two things. But give us your final thoughts on this top. >>I think it's probably just been into sharp focus, really what? It what it means to have mission critical applications that are right at the heart of your of your business. And, you know, you come to realize very quickly. But if those services are not available to your clients, I mean it can have such a long lasting implications So I think people embittering you know their strategy when it comes to, you know, millions off applications with infrastructure and all of that in the context of business continuity, I think people are gonna gonna have a much sharper focus in the future to really see, you know, what is what does it mean? And it's the lifeblood of their business is not able todo operate and serve their clients. And probably as well, more and more applications that maybe weren't considered mission critical in the past will be considered mission critical now because it's not just the back end services, but it's the way the community a reply. It's so a lot of that, I think, is going to play out the way that people think about their business continuity strategy in the future. >>Yeah, you're right. Video conferencing has become mission critical, isn't it? Guys, thanks so much for coming on the Cube again. You know, keep up the good work. Uh, I really appreciate your time and your insights. Always, always great talking, talking Z. So thanks again. >>Thank you. >>All right. Thank you for watching. Everybody. This is Dave Volante for the Cube. Our wall to wall coverage of the think 2020 digital event experience. Keep right there. Right back after this short break. >>Yeah, yeah, yeah.

Published Date : May 5 2020

SUMMARY :

Think brought to you by IBM. Michael, good to see you again. It's good to be back. Good to see that. You got to love it. I mean, we're really pleased with the contribution that Z continues of, you know, you talk about. I mean, you know, we kind of start in many ways with, like that, this definition on that which talks about the you know, the mainframe had, you know, such good security, and it was explained to me years ago? design and architect the solutions, you know, both at the right point in the stack and of missed the boat on business continuity to narrow focus. generations of the Z platform, you know, clients deeply partnered with us lot of people you know doesn't mean backup. of a broader, you know, layered cybersecurity strategy where you know, you know, non mission critical. that we recognized is exactly what you said is the You know, the cost of doing encryption 190 times, you know, It's kind of all started back when you guys brought in Lennox. are appropriate on the platform and integrated to a hyper cloud wherever you want to You might get certain You see that? You know, that term is thrown around a lot of, uh, you know, you can get kind of buzz, um And we need to have, you know, you know, move from the notion of, You know, have a much sharper focus in the future to really see, you know, what is what does it mean? thanks so much for coming on the Cube again. Thank you for watching.

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Willie Tejada, IBM | IBM Think 2020


 

>> Announcer: From theCUBE Studios in Palo Alto and Boston, it's theCUBE, covering IBM Think, brought to you by IBM. >> Welcome back, I'm Stu Miniman and this is theCUBE's coverage of IBM Think 2020. It is the digital experience online so rather than all gathering together in San Francisco we're getting to talk to everybody where they are and we're happy to bring back one of our CUBE alums, it's actually been a little while since we've had them on the program. Willie Tejada, who is the general manager and Chief Developer Advocate with IBM. Willie, so great to see you, thanks for joining us. >> Hey Stu, thanks for having me, it's good to be back, it's been too long. >> So, first thing, obviously we're all together while we're apart, because of the global pandemic, developers, I've had so many interviews I've done over the years talking about dispersed development, around the clock development, I had a great interview with a head of remote work in the developer community at the beginning of the year before everything happened, so, how's the community doing overall and how are you seeing them react to what's happening? >> In the developer community, I think one of the interesting parts is one, developers feel oftentimes that they can actually make a difference. Two, their work oftentimes happens remotely. And so, one of the things that we've seen is a lot of the interaction that we have when we're doing our developer advocacy work has just converted to digital. And there's some interesting dynamics that come about, just even in that, where if you were doing something like a meetup in New York that was attracting something like 50 people, to maybe 100, maybe the venue was limiting the number of people that you would actually have there if you had a popular topic or speaker. We've had meetups basically be as large as 500 plus people when we went to digital. So definitely some different dynamics as we actually talk about this new normal that we're in, and everybody utilizing digital vehicles to reach the people that they want to talk to. >> All right. So I know last time we talked with you a big topic we talked about was Call for Code, and something that IBM has done different initiatives there, and you've got a very relevant one so bring our audience up to speed, this year's Call for Code, what that would involve. >> Yeah Stu, thanks very much. The Call for Code initiative inside of IBM is now in its third year. We did it in 2018, the concept was fairly simple, developers always love to solve problems and we said what if we challenge the 24 million developers to come and take a crack at society's most pressing issues? And in the first two years we focused on natural disasters, all you had to do was take a look at the coverage prior to the COVID-19 pandemic and you had wildfires in Australia and in Northern California where my home actually is based, and you had tsunamis and hurricanes and floodings. And so the ability for us to actually bring the developer community to bear on some of society's most pressing issues was really kind of the concept upfront, and IBM would help by bringing subject matter experts together, making available tools, because we're thinking let's solve the problem exactly how we solve it when we apply business. You get an expert on supply chain, you get a user of supply chain, you bring them together, developer builds these things. Well, not all the time can you get an expert in disaster, a first responder, so we actually created a lot of that fusion from there. Then, over the course of the first two years, we've had over 210,000 developers participate over across 168 nations with over 8,000 applications submitted. So, wildly successful. Now this year, Stu to your point, we had something that we could really bear down on very heavily. We announced that we were taking on climate change kind of laddering up natural disasters was let's look at the root, climate change, and then the COVID pandemic came about. We said let's tilt people towards that and it's been a tremendous outcoming for it. We've asked the developers to focus on three areas: crisis communications, you may have been one of those folks that's on a conference call or emails that haven't been responded to, on wait times forever, so those communications systems how do we fortify them get them to scale? The second area is remote learning, really look at where all the students are actually these days and what they're doing there, not just teaching but basically how do you give them entertainment, how do you actually provide them some level of social interaction. And the third area with the COVID focus is community collaboration. We really want to try to make sure people's spirits are up and that really does require everybody leaning in, and again you look at the news and tremendous examples of community collaboration and where technology can help scale or broaden that, that's really where Call for Code actually comes into play. >> Yeah, maybe it would be helpful, tell us a little bit about some of the previous winners, what have been some of the outcomes, more than just rallying the community, what resources is IBM putting into this? >> So one of the things that makes it different is rather than it just being a regular hack, this is really a processing side of IBM that we've developed over the course of this last three years. Where the challenge is one piece, the Call for Code challenge, we also developed and rolled out and committed another 25 million, with Call for Code we committed 30 million over that five years and in the following year we recognized the need to see the solutions actually get deployed. And so we committed another $25 million for the fortification, testing, scaling and deployment. So when you win a Call for Code Global Challenge, you also get IBM's support around deployment, fortification, some counseling and relation basically from development, to architecture, to even the business side of it. In our first year, we had a team called Project Owl actually come out and win, and one of the first things that happens especially in hurricanes or these natural disasters, communication grids go down. So they developed a solution that could quickly establish an ad hoc communication grid, and anybody that had a typical cell phone could connect up to that Wi-Fi grid or that grid very similar to the way they actually connect into a Starbucks Wi-Fi system. And it would allow both the first responders to understand where folks were at, and then establish communications. So that was in the first year. The second year was a team called Prometeo, and in October we selected them as the Global Challenge winner, and they were a solution that was built by a firefighter, a nurse and a developer with this concept roughly of how do they monitor essentially a firefighter's situation when they're actually in the heat of battle to best allocate the resources to the people who need them most. Understanding a little bit about their environment, understanding a little bit about the health that's actually happening with the firefighter, and again it's one of those scenarios where you couldn't just build it from the firefighter's side, you couldn't just build it from the nurse's side, and a developer would have a difficult time building it just by themselves. So bringing those people together, a nurse, a firefighter and a developer, and creating a system like this is really really what we're aspiring to do. Now, they won in October, and in February, they're in a field deployment actually doing real testing in the field in some of the fields at Catalonia, Spain. So, we've seen it first-hand exactly what happens when they win, the Project Owl team actually did some hurricane deployment testing in Puerto Rico, that of course IBM helped fortify and build connections between the Puerto Rico government so that we're really seeing essentially the challenge winner see this type of deployment. >> Willie, I love it, it's even better than a punch line I could do, what do you get when you combine a firefighter, a nurse and a developer? The answer is you can positively impact the world so phenomenal there. >> Absolutely. >> I'm curious, where does open source play into this activity? We were just covering Red Hat Summit last week, of course, lots of open source, lots of community engagement in hearing how they are helping communities engage and of course open source has been a big rallying point, everything from 3D printing to other projects in the community. So where does open source fit into this initiative? >> 100%. The amazing part about activating developers these days is just the broad availability of the technologies. And it's certainly stimulated by the community aspect of open source, this idea that they democratize access to technology, and it's really community-centric, and folks can start building very quickly on open source technologies that are material. So number one, all the things that is part of Call for Code and what we actually deployed are based on open source technologies. Now, again one of the differences is how do we actually make those winners and those technology sets become real? And becoming real requires this idea of how do you actually build durable sustainable solutions. So each five of the winners every year have the opportunity essentially to go through the Linux Foundation and have their solutions established as a project with the idea of roughly that people can download it and fork it, people can actually fortify it, but it's available to the whole globe, everybody in the world, to help build upon and fortify and continue to innovate on. So open source is right at the root of it, not just from the technology side, but from the ecosystem and community side that open source was for. And so we've seen as an example the formal establishment of Project Owl's software being open sourced by the Linux Foundation. And it's been fantastic to see both the participation actually there and see how people are basically deriving it and using it exactly what we intended to see in the vision of Call for Code, and Code and Response. >> Well, that's phenomenal. We're huge fans of the community activity, of course open source is a great driver of everything you were talking about. So I'm curious, one of the things we're all looking at is where people are spending their time, how this global pandemic is impacting what people are doing. There's plenty of memes out there on social media, it doesn't mean that you all of a sudden are going to learn a new language, or learn to play an instrument because you have lots of time at home, but I'm curious from what you've seen so far, compared to previous years, how's the engagement? What's the numbers? What can you share? Is there a significant difference or change from previous years? >> Yeah, there's so much good will, I would say, that's been brought about around the world in what we're seeing around the COVID-19 pandemic. That the way I would describe it is the rate of submissions and interest that we've seen is 3x above what we've seen in the prior years. Now keep in mind, we're not even actually at the area where we see the most. So keep in mind, right now we tried to accelerate the time to highlight some of these solutions. So April 27th will be the first deadline for COVID-19 challenge, and we'll highlight some of the solutions on May 5th. Now, when we think about it basically from that standpoint we typically actually see people waiting until that submission timeframe. And so when you think of it from that standpoint you really oftentimes see this acceleration, right? At that submission deadline. But we're already seeing 3x what we've seen in the past in terms of participation just because of the amount of good will that's actually out there, and what people are trying to do in solving these problems. And developers, they're problem solvers overall, and putting out those three areas, community crisis communications, remote learning, and community collaboration, they'll see examples of what they see on the news and think they can actually do something better, and then express that in software. >> That's excellent. So, Willie, one of the things, we've been talking to leaders across the industry and one of things we don't know is how much of what we are going through is temporary, and how much will actually be long term. I'm curious if there's any patterns you're seeing out there, discussions you're having with developers, you talk about remote work, you talk about communication. Are there anything that you've seen so far that you think that this will fundamentally just alter the way things might've been in the past going forward? >> Developers are always actually looking for this idea of how they actually sharpen their skills, their craft, new languages that they actually know, new platforms, whatever it actually might be. And I think in the past there was probably, even from our perspective, this balance of face-to-face versus digital, and a mix of both, but I think what we'll find going forward is a more robust mix of that. Because you can't deny the power of reach that actually happens when you actually move something digital. And then I would say that think about how you at theCUBE have refined your studios in dealing with an interview like mine, it gets better and better, you refine it. How you do an online workshop and how you do a workshop on a steel service mesh, you get better and better about how you engage from real time, hands-on keyboard experience in what information, what chat, what community pieces do you put on the screen to stimulate these pieces, I think in general the industry and our company and our teams have gotten better even in this short amount of time. I think those things will be long-lasting. I think we're all humans, so I think they still want the physical face-to-face and community interaction and camaraderie that comes from being in that physical energy, but I do think it'll be complemented by the things that we refined through the digital delivery that's been refined during this situation. >> All right, so Willie, final thing of course, this week, the winners are all being announced, how about people that are watching this and say this sounds phenomenal, how do I learn more, if I didn't get to participate in some of the initial pieces what should I be looking for? And how can I contribute and participate even after Think? >> Well, number one keep in mind that the challenge for the year will still actually go all the way to October, and submissions for that whole Challenger Watch will go to February first. So that's number one. But number two, going to developer.ibm.com/callforcode you'll find all the resources, we have these things called starter kits that help developers actually get up and going very quickly, finding out more information about both the competition structure, and really how you become part of the movement, go there basically and answer the call. >> Awesome. Love it, Willie, thanks so much, pleasure to catch up with you and definitely looking forward to seeing all the outcome that the community is putting forth to focus on this really important challenge. >> Hey Stu, thanks for having me, I really appreciate it. >> All right, be sure to check out thecube.net for all the coverage from IBM Think, all the backlog we had to see Willie a couple years ago when he was on the program, and check out where we will be later in the year. I'm Stu Miniman, and as always, thanks for watching. (gentle music)

Published Date : May 5 2020

SUMMARY :

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Ken Eisner, AWS | AWS Imagine 2019


 

>> from Seattle WASHINGTON. It's the Q covering AWS Imagine brought to you by Amazon Web service is >> Hey, welcome back, You're ready. Geoffrey here with the Cube were in Seattle, >> Washington downtown, right next to the convention center for the AWS. Imagine e d. You show. It's a second year of the show found by Andrew Cohen. His crew, part of Theresa's public sector group, really focused on education. Education means everything from K through 12 higher education and community college education, getting out of the military and retraining education. It's ah, it's a really huge category, and it's everything from, you know, getting the colleges to do a better job by being on cloud infrastructure, innovating and really thinking outside the box are really excited to have the man who's doing a lot of the work on the curriculum development in the education is Ken Eisner is the director of worldwide education programs for AWS. Educate can great to see you. Thank you so much for having absolutely nice shot out this morning by Theresa, she said. She just keeps asking you for more. So >> you want to deliver for Theresa? Carl says she is. She is a dynamo and she drives us >> all she does. So let's dive into it a little bit. So, you know, there was, Ah, great line that they played in the keynote with Andy talking about, You know, we cannot be protecting old institutions. We need to think about the kids is a story I hear all the time where somebody came from a time machine from 17 76 and landed here today. It wouldn't recognize how we talk, how we get around, but they would recognize one thing, and unfortunately, that's the school house down at the end of the block. So you guys are trying to change that. You're really trying to revolutionize what's happening in education, give us a little bit of background on some of the specific things that you're working on today. >> Yeah, I I think Andy, one of the things that he mentioned at that time was that education is really in a crisis on. We need to be inventing at a rapid rate. We need to show that invented simplify inside that occassion. Andi, he's incredibly, he's correct. The students are our customers, and we've got to be changing things for them. What we've been really excited to see is that with this giant growth in cloud computing A W S. It was the fastest I T vendor to ever hit $10,000,000,000 a year. The run rate We're now growing at a 42% or 41% year over year growth Ray and $31,000,000,000 a year Lee company. It's creating this giant cloud computing opportunity cloud computing in the number one Lincoln Skill for the past four years in Rome, when we look at that software development to cloud architecture to the data science and artificial intelligence and data analytics and cyber security rules. But we're not preparing kids for this. Market Gallop ran a study that that showed about 11% of business executives thought that students were prepared for their jobs. It's not working, It's gotta change. And the exciting thing that's happening right now is workforce development. Governments are really pushing for change in education, and it's starting to happen >> right? It's pretty amazing were here last year. The team last year was very much round the community college releases and the certification of the associate programs and trial down in Southern California, and this year. I've been surprised. We've had two guests on where it's the state governor has pushed these initiatives not at the district level, the city level, but from the state winning both Louisiana as well as Virginia. That's pretty amazing support to move in such an aggressive direction and really a new area. >> Yeah, I was actually just moderating a panel where we had Virginia, Louisiana, in California, all sitting down talking about that scaling statewide strategy. We had announcements from the entire CUNY and Sunni or City University of New York and State University of New York system to do both two and four year programs in Cloud Computing. And Louisiana announced it with their K 12 system, their community college system and their four year with Governor John Bel Edwards making the announcement two months ago. So right we are seeing this scaling consortium, a play where institutions are collaborating across themselves. They're collaborating vertically with your higher ed and K 12 and yet direct to the workforce because we need to be hiring people at such a rapid ray that we we need to be also putting a lot of skin in the game and that story that happened so again, I agree with Andy said. Education is at a crisis. But now we're starting to see change makers inside of education, making that move right. It's interesting. I wonder, >> you know, is it? Is it? I don't want to say second tier, that's the wrong word, but kind of what I'm thinking, you know, kind of these other institutions that the schools that don't necessarily have the super top in cachet, you know who are forced to be innovative, right? We're number two. We try harder. As they used to say in the in the Hertz commercial. Um, really a lot of creativity coming out of again the community colleges last year in L. A. Which I was, I was blown away, that kind of understand cause that specifically to skill people up to get a job. But now you're hearing it in much more kind of traditional institutions and doing really innovative things like the thing with the the Marines teaching active duty Marines about data science. >> Yeah, who came up with that idea that phenomenal Well, you know, data permeates every threat. It's not just impure data science, jobs and machine learning jobs. There's air brilliantly important, but it's also in marketing jobs and business jobs. And so on. Dad Analytics, that intelligence, security, cybersecurity so important that you think, God, you Northern Virginia Community College in U. S. Marine Corps are working for to make these programs available to their veterans and active military. The other thing is, they're sharing it with the rest of the student by. So that's I think another thing that's happening is this sharing this ability, all of for this cloud degree program that AWS educate is running. All these institutions are sharing their curricula. So the stuff that was done in Los Angeles is being learned in Virginia is the stuff that the U. S Marine Corps is doing is being available to students. Who are you not in military occupations? I think that collaboration mode is is amazing. The thing they say about community colleges and just this new locus of control for education on dhe. Why it's changing community colleges. You're right there. They're moving fast. These institutions have a bias for action. They know they have to. You change the r A. Y right? It's about preventing students for this work for, but they also serve as a flywheel to those four year institutions back to the 12 into the into the workforce and they hit you underserved audience. Is that the rest? So that you were not all picking from the same crew? You cannot keep going to just your lead institutions and recruit. We have to grow that pipeline. So you thank thank these places for moving quick brand operating for their student, right? >> Right, And and And that's where the innovation happens, right? I mean, that's that's, uh, that that's goodness. And the other thing that that was pretty interesting was, um, you know, obviously Skilling people up to get jobs. You need to hire him. That's pretty. That's pretty obvious and simple, but really bringing kind of big data attitude analytics attitude into the universities across into the research departments and the medical schools. And you think at first well, of course, researchers are data centric, right? They've been doing it that way for a long time, but they haven't been doing it and kind of the modern big, big data, real time analytics, you know, streaming data, not sampling data, all the data. So so even bringing that type of point of view, I don't know mindset to the academic institutions outside of what they're doing for the students. >> Absolutely. The machine learning is really changing the game. This notion of big data, the way that costs have gone down in terms of storing and utilizing data and right, it's streaming data. It's non Columbia or down, as opposed to yeah, the old pure sequel set up right that that is a game changer. No longer can you make just can you make a theory and tested out theories air coming streaming by looking at that data and letting it do some work for you, which is kind of machine learning, artificial intelligence path, and it's all becoming democratized. So, yes, researchers need to need learn these new past two to make sense and tow leverage. This with that big data on the medical center site, there are cures that can be discerned again. Some of our most pressing diseases by leveraging data way gonna change. And we, by the way, we gotta change that mindset, not just yeah, the phD level, but actually at the K 12 levels. Are kids learning the right skills to prepare them for you this new big data world once they get into higher ed, right? And then the last piece, which again we've seen >> on the Enterprise. You've kind of seen the movie on the enterprise side in terms of of cloud adoption. What AWS has done is at first it's a better, more efficient way to run your infrastructure. It's, you know, there's a whole bunch of good things that come from running a cloud infrastructure, but >> that's not. But that's not the end, right? The answer to the question >> is the innovation right? It's It's the speed of change, of speed development and some of the things that we're seeing here around the competitive nature of higher education, trying to appeal to the younger kids because you're competing for their time and attention in there. And they're dollar really interesting stuff with Alexa and some of these other kind of innovation, which is where the goodness really starts to pay off on a cloud investment. >> Yeah, without a doubt, Alexa Week AWS came up with robo maker and Deep Racer on our last reinvent, and there's there's organizations at the K 12 level like First Robotics and Project lead. The way they're doing really cool stuff by making this this relevant it you education becomes more relevant when kids get to do hands on stuff. A W S lowers the price for failure lowers the ability you can just open a browser and do real world hands on bay hands on stuff robotics, a rvr that all of these things again are game changers inside the classroom. But you also have to connect it to jobs at the end, right? And if your educational institutions can become more relevant to their students in terms of preparing them for jobs like they've done in Santa Monica College and like they're doing in Northern Virginia Community College across the state of Louisiana and by May putting the real world stuff in the hands of their kids, they will then start to attract assumes. We saw this happen in Santa Monica. They opened up one class, a classroom of 35 students that sold out in a day. They opened another co ward of 35 sold out in another day or two. The name went from 70 students. Last year, about 325 they opened up this California cloud workforce project where they now have 825 students of five. These Northern Virginia Community College. They're they're cloud associate degree that they ran into tandem with AWS Educate grew from 30 students at the start of the year to well over 100. Now the's programs will drive students to them, right and students will get a job at the end. >> Right? Right, well and can. And can the school support the demand? I mean, that's That's a problem we see with CS, right? Everyone says, Tell your kids to take CS. They want to take CS. Guess what? There's no sections, hope in C. S. So you know, thinking of it in a different way, a little bit more innovative way providing that infrastructure kind of ready to go in a cloud based way. Now we'll hopefully enable them to get more kids and really fulfill the demand. >> Absolutely. There's another thing with professional development. I think you're hitting on, so we definitely have a shortage in terms of teachers who are capable to teach about software development and cloud architecture and data sciences and cybersecurity. So we're putting AWS educators putting a specific focus on professional development. We also want to bring Amazonian, Tze and our customers and partners into the classroom to help with that, because the work based learning and the focus on subject matter expert experts is also important. But we really need to have programs both from industry as well as government out support new teachers coming into this field and in service training for existing teachers to make sure, because yes, we launch those programs and students will come. We have to make sure that were adequately preparing teachers. It's not it's not. It's not easy, but again, we're seeing whether it's Koda Cole out of yeah out of, uh, Roosevelt High School. Are the people that were working with George Mason University and so on were seeing such an appetite for making change for their students? And so they're putting in those extra hours they're getting that AWS certification, and they're getting stronger, prepared to teach inside the clients. >> That's amazing, cause right. Teachers have so many conflict ing draws on their time, many of which have nothing to do with teaching right whether it's regulations. And there's just so many things the teachers have to deal with. So you know the fact that they're encouraged. The fact that they want t to spend and invest in this is really a good sign and really a nice kind of indicator to you and the team that, you know, you guys were hitting something really, really positive. >> Yeah, I think we've had its this foam oh fear of missing out opportunity. There's the excitement of the cloud. There's the excitement of watching your kids. You're really transformed their lives. And it could be Alfredo Cologne who came over from Puerto Rico after Hurricane Maria. You wiped out his economic potential and started taking AWS educate. And you're learning some of these pathways and then landing a job as the Dev Ops engineered. When you see the transformation in your students, no matter what their background is, it is. It is a game changer. This has got to be you. Listen, I love watching that women's team when I win the World Cup, and that the excitement cloud is like the new sport. Robotics is the new sport for these kids. They'll bring them on >> pathways to career, right. We'll take for taking a few minutes in The passion comes through, Andrew Koza big passion guy. And we know Teresa is a CZ Well, so it shines through and keep doing good work. >> Thank you so much for the time. Alright, he's can on Jeff. You're watching the cube. We're in downtown Seattle. A aws. Imagine e d. Thanks for watching. >> We'll see you next time.

Published Date : Jul 11 2019

SUMMARY :

AWS Imagine brought to you by Amazon Web service Geoffrey here with the Cube were in Seattle, It's ah, it's a really huge category, and it's everything from, you know, getting the colleges to do you want to deliver for Theresa? all the time where somebody came from a time machine from 17 76 and landed here today. And the exciting thing that's happening right now is workforce development. and the certification of the associate programs and trial down in Southern California, We had announcements from the entire CUNY and Sunni or out of again the community colleges last year in L. A. Which I was, I was blown away, that kind of understand cause that specifically is the stuff that the U. S Marine Corps is doing is being available to students. And the other thing that that was pretty interesting was, um, you know, right skills to prepare them for you this new big data world You've kind of seen the movie on the enterprise side in terms of of cloud adoption. But that's not the end, right? It's It's the speed of change, of speed development and some of the things that we're seeing here around A W S lowers the price for failure lowers the ability you can just open a browser And can the school support the demand? to help with that, because the work based learning and the focus on subject matter expert experts is really a nice kind of indicator to you and the team that, you know, you guys were hitting something really, Cup, and that the excitement cloud is like the pathways to career, right. Thank you so much for the time.

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Ken Eisner, AWS | AWS Imagine 2019


 

>> from Seattle WASHINGTON. It's the Q covering AWS Imagine brought to you by Amazon Web service is >> Hey, welcome back, everybody. Jeffrey here with the Cube were in Seattle, >> Washington downtown, right next to the convention center for the AWS. Imagine e d. You show. It's a second year of the show found by Andrew Cohen. His crew, part of Theresa's public sector group, really focused on education. Education means everything from K through 12 higher education, community college education, getting out of the military and retraining education. It's ah, it's a really huge category, and it's everything from, you know, getting the colleges to do a better job by being on cloud infrastructure, innovating and really thinking outside the box are really excited to have the man who's doing a lot of the work on the curriculum development in the education is Ken Eisner is the director of worldwide education programs for AWS. Educate can Great to see you. Thank you so much for having absolutely nice shot out this morning by Theresa, she said. She just keeps asking you for more. So >> you want to deliver for Theresa. Carl says she is. She is a dynamo, and she drives us >> all she does, so just dive into it a little bit. So, you know, there was, Ah, great line that they played in the keynote with Andy talking about, You know, we cannot be protecting old institutions. We need to think about the kids is a story I hear all the time where somebody came from a time machine from 17 76 and landed here today. It wouldn't recognize how we talk, how we get around, but they would recognize one thing, and unfortunately, that's the school house down at the end of the block. So you guys are trying to change that. You're really trying to revolutionize what's happening in education, give us a little bit of background on some of the specific things that you're working on today. >> Yeah, I think Andy, one of the things that he mentioned at that time was that education is really in a crisis on. We need to be inventing at a rapid rate. We need to show that invented, simple, fine inside education, and he's incredibly, he's correct. The students are our customers and we've got to be changing things for them. What we've been really excited to see is that with this giant growth in cloud computing a W. S. It was the fastest I T vendor to ever a $10,000,000,000 a year. The run rate. We're now growing at a 42% or 41% year over year growth Ray and $31,000,000,000 a year Lee company. It's creating this giant cloud computing opportunity, cloud computing in the number one linked in skill for the past four years in Rome. When we look at that software development to cloud architecture to the data science and artificial intelligence and data analytics and cyber security rules. But we're not preparing kids for this. Market Gallop ran a study that that showed about 11% of business executives thought that students were prepared for their jobs. It's not working, It's gotta change. And the exciting thing that's happening right now is workforce development. Governments are really pushing for change in education, and it's starting to happen right? It's pretty amazing were here last year. >> The team last year was very much round the community college releases and the certification of the associate programs and trial down in Southern California, and this year I've been surprised. We've had two guests on where it's the state governor has pushed these initiatives not at the district level, the city level, but from the state winning both Louisiana as well as Virginia. That's pretty amazing support to move in such an aggressive direction and really a new area. >> Yeah, I was actually just moderating a panel where we had Virginia, Louisiana, in California, all sitting down talking about that scaling statewide strategy. We had announcements from the entire CUNY and Sunni or City University of New York and State University of New York system to do both to end four year programs in Cloud Computing. And Louisiana announced it with their K 12 system, their community college system and their four year with Governor John Bel Edwards making the announcement two months ago. So right, we are seeing this scaling consortium, a play where institutions are collaborating across themselves. They're collaborating vertically with your higher ed and K 12 and yet direct to the workforce because we need to be hiring people at such a rapid ray that we we need to be also putting a lot of skin in the game. And that story that happened So again, I agree with Andy said. Education is at a crisis. But now we're starting to see change makers inside of education, making that move right. It's interesting. I wonder, >> you know, is it is it? I don't want to say second tier, that's the wrong word, but kind of what I'm thinking, you know, kind of these other institutions that the schools that don't necessarily have the super top in cachet, you know who are forced to be innovative, right? We're number two. We try harder. As they used to say in the in the Hertz commercial. Um, really a lot of creativity coming out of again the community colleges last year in L. A. Which I was, I was blown away, that kind of understand cause that specifically to skill people up to get a job. But now you're hearing it in much more kind of traditional institutions and doing really innovative things like the thing with the the Marines teaching active duty Marines about data science. >> Yeah, who came up with that idea that phenomenal Well, you know, data permeates every threat. It's not just impure data science, jobs and machine learning jobs. There's air brilliantly important, but it's also in marketing jobs and business jobs. And so on. Dad Analytics that intelligence, security, cybersecurity so important that you think, God, you Northern Virginia Community College in U. S. Marine Corps are working for to make these programs available to their veterans and active military. The other thing is, they're sharing it with the rest of the student by. So that's I think another thing that's happening is this. Sharing this ability all of for this cloud degree program that AWS educate is running. All these institutions are sharing their curricula. So the stuff that was done in Los Angeles is being learned in Virginia's stuff the U. S. Marine Corps is doing is being available to students. Who are you not in military occupations? I think that collaboration mode is is amazing, the thing they say about community colleges and just this new locus of control for education on dhe. Why it's changing community colleges. You're right there. They're moving fast. These institutions have a bias for action. They know they have to. You change the r A. Y right. It's about preventing students for this work for, but they also serve as a flywheel to those four year institutions back to the 12 into the into the workforce and they hit you underserved audience is that the rest is so that you were not all picking from the same crew. You cannot keep going to just share lead institutions and recruit. We have to grow that pipeline. So you thank thank these places for moving quick and operating for their student, right? >> Right, And and And that's where the innovation happens, right? I mean, that's that's, ah, that that's goodness. And the other thing that that was pretty interesting was obviously Skilling people up to get jobs, you need to hire him. That's pretty. That's pretty obvious and simple, but really bringing kind of big data attitude analytics attitude into the universities across into the research departments and the medical schools. And you think at first, of course, researchers are data centric, right? They've been doing it that way for a long time, but they haven't been doing it in kind of the modern big, big data. Real time analytics, you know, streaming data, not sampling data, all the data. So so even bringing that type of point of view, I don't know, mindset to the academic institutions outside of what they're doing for the students. >> Absolutely. The machine learning is really changing the game. This notion of big data, the way that costs have gone down in terms of storing and utilizing data and right, it's streaming data. It's non Columbia or down, as opposed to yeah, the old pure sequel set up right that that is a game changer. No longer can you make just can you make a theory and tested out theories air coming streaming by looking at that data and letting it do some work for you, which is kind of machine learning, artificial intelligence path, and it's all becoming democratized. So, yes, researchers need to need learn these new past two to make sense and tow leverage. This with that big data on the medical center site, there are cures that could be discerned again some of our most pressing diseases by leveraging data, way gonna change. And we, by the way, we gotta change that mindset, not just yeah, the phD level, but actually at the K 12 levels. Are kids learning the right skills to prepare them for you? This new big data world once they get into higher ed, right? And then the last piece, which again we've seen >> on the Enterprise. You've kind of seen the movie on the enterprise side in terms of of cloud adoption. What AWS has done is at first it's a better, more efficient way to run your infrastructure. It's, you know, there's a whole bunch of good things that come from running a cloud infrastructure, but >> that's not. But that's not the end, right? The answer to the question >> is the innovation right? It's It's the speed of change, of speed, a development and some of the things that we're seeing here around the competitive nature of higher education, trying to appeal to the younger kids because you're competing for their time and attention in there. And they're dollar really interesting stuff with Alexa and some of these other kind of innovation, which is where the goodness really starts to pay off on a cloud investment. >> Yeah, without a doubt, Alexa Week AWS came up with robo maker and Deep Racer on our last reinvent, and there's there's organizations at the K 12 level like First Robotics and project lead the way they're doing really cool stuff by making this this relevant you education becomes more relevant when kids get to do hands on stuff. A W S lowers the price for failure lowers the ability you can just open a browser and do real world hands on bay hands on stuff. Robotics, A R V R. That all of these things again are game changers inside the classroom. But you also have to connect it to jobs at the end, right? And if your educational institutions can become more relevant to their students in terms of preparing them for jobs like they've done in Santa Monica College and like they're doing in Northern Virginia Community College across the state of Louisiana and by May putting the real world stuff in the hands of their kids, they will then start to attract assumes. We saw this happen in Santa Monica. They opened up one class, a classroom of 35 students that sold out in a day. They opened another co ward of 35 sold out in another day or two. The name went from 70 students. Last year, about 325 they opened up this California Cloud Workforce Project, where they now have 825 students of five. These Northern Virginia Community College. They're they're cloud associate degree that they ran in tandem with AWS Educate grew from 30 students at the start of the year to well over 100. Now these programs will drive students to them right and students will get a job at the end. >> Right? Right, well in Ken. And can the schools sports a demand? That's that's a problem we see with CS, right? Everyone says, Tell your kids to take CS. They want to take CS. Guess what? There's no sections, hope in C. S. So you know, thinking of it in a different way, a little bit more innovative way providing that infrastructure kind of ready to go in a cloud based way. Now we'll hopefully enable them to get more kids and really fulfill the demand. >> Absolutely. There's another thing with professional development. I think you're hitting on, so we definitely have a shortage in terms of teachers who are capable to teach about software development and cloud architecture and data sciences and cybersecurity. So we're putting a W. C. Educate is putting a specific focus on professional development. We also want to bring Amazonian, Tze and our customers and partners into the classroom to help with that, because the work based learning and the focus on subject matter expert experts is also important. But we really need to have programs both from industry as well as government out support new teachers coming into this field and in service training for existing teachers to make sure, because yes, we launch those programs and students will come. We have to make sure that were adequately preparing teachers. It's not, it's not. It's not easy, but again, we're seeing whether it's Koda Cole out of out of, uh Roosevelt High School. Are the people that were working with George Mason University and so on were seeing such an appetite >> for >> making change for their students? And so they're putting in those extra hours they're getting that AWS certification, and they're getting stronger, prepared to teach inside the class. That's >> amazing, cause right. Teachers have so many conflict ing draws on their time, many of which have nothing to do with teaching right whether it's regulations and there's just so many things the teachers have to deal with. So you know the fact that they're encouraged the fact that they want t to spend and invest in this is really a good sign and really a nice kind of indicator to you and the team that, you know, you guys were hitting something really, really positive. >> Yeah, I think we've had its this foam oh fear of missing out opportunity. There's the excitement of the cloud. There's the excitement of watching your kids. You're really transformed their lives. And it could be Alfredo Cologne who came over from Puerto Rico after Hurricane Maria. You wiped out his economic potential and started taking AWS educate and you're learning some of these pathways and then landing a job has the Dev ops engineer to Michael Brown, who went through that Santa Monica problem and >> landed an >> internship with Annika. When you see the transformation in your students, no matter what their background is, it is. It is a game changer. This has got to be you. Listen, I love watching that women's team when I win the World Cup, and that the excitement cloud is like the new sport. Robotics is the new sport for these kids. They'll bring them on >> pathways to career, right, well, take for taking a few minutes in The passion comes through Andrew Koza, Big passion guy. And we know Teresa is as well. So it shines through and keep doing good work. >> Thank you so much for the time. Alright, He's Can I'm Jeff, You're watching the Cube. We're in downtown Seattle. A aws. Imagine E d. Thanks for >> watching. We'll see you next time.

Published Date : Jul 10 2019

SUMMARY :

Imagine brought to you by Amazon Web service is Jeffrey here with the Cube were in Seattle, It's ah, it's a really huge category, and it's everything from, you know, getting the colleges to do you want to deliver for Theresa. the time where somebody came from a time machine from 17 76 and landed here today. And the exciting thing that's happening right now is workforce development. it's the state governor has pushed these initiatives not at the district level, We had announcements from the entire CUNY and Sunni or out of again the community colleges last year in L. A. Which I was, I was blown away, that kind of understand cause that specifically stuff the U. S. Marine Corps is doing is being available to students. And the other thing that that was pretty interesting was obviously Skilling people This notion of big data, the way that costs have gone down in terms of storing You've kind of seen the movie on the enterprise side in terms of of cloud adoption. But that's not the end, right? It's It's the speed of change, of speed, a development and some of the things that we're seeing here around A W S lowers the price for failure lowers the ability you can just open a browser There's no sections, hope in C. S. So you know, thinking of it in a different way, to help with that, because the work based learning and the focus on subject matter expert experts is prepared to teach inside the class. kind of indicator to you and the team that, you know, you guys were hitting something really, really positive. There's the excitement of the cloud. World Cup, and that the excitement cloud is like the pathways to career, right, well, take for taking a few minutes in The passion comes Thank you so much for the time. We'll see you next time.

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Ken Eisner, Director, AWS | AWS Public Sector Summit 2019


 

>> live from Washington, D. C. It's the Cube covering a ws public sector summit by Amazon Web services. >> Welcome back, everyone to our nation's capital. We are the Cube. We are live at A W s Public Sector summit. I'm your host Rebecca Night, along with my co host, John Farrier. We're joined by Ken Eisner Director Worldwide Educational programs at a WS Thanks so much for coming on the show >> you for having me. >> So tell our viewers a little bit. About what? What you do as the director of educational programs. Sure, I head >> up a program called a Ws Educate a ws educate is Amazon's global initiative to provide students and teachers around the world with the resource is that they need really to propel students into this awesome field of cloud computing. We launched it back in May of 2,015 and we did it to fill this demand. If we look at it today, what kind of right in the midst of this fourth industrial revolution is changing the means of production obviously in the digital on cloud space, But it's also creating this new worker class all around. Yeah, the cloud Advanced services like machine learning I robotics, I ot and so on. And if you looked at the employer demand, um, Cloud computing has been the number one linked in skill for the past four years in a row. We look at cloud computing. We kind of divide into four families. Software development, cloud architecture, the data world, you know, like machine learning I data science, business intelligence and Alex and then the middle school opportunities like technical customer support, age and cybersecurity, which can range all the way from middle school of Ph. D. But yet the timeto hire these people has grown up dramatically. Glass door as study of companies over there platform between two thousand 92 1,050 18 and show that the timeto higher had increased by 80%. Yet just think about that we talk about I mean, this conference is all about innovation. If you don't have builders, if you don't have innovators, how the heck Kenya Kenya innovate? >> Can I gotta ask you, Andy, just to have known him for over eight years and reporting on him and covering it was on when when everyone didn't understand yet what it was. Now everyone kind of does our congratulations and success. But to see him on stage, talk passionately about education. Yeah, mean and knowing Andy means it's kind of boiled up because he's very reserved, very conservative guy, pragmatic. But for him to be overtly projecting, his opinion around education, which was really yeah, pretty critical means something's going on. This is a huge issue not just in politics, riel, state, local areas where education, where >> the root of income inequality it's it's a lot of. >> There's a lot of challenges. People just aren't ready for these new types of jobs that are coming out that >> pay well, by the way. And this is Elliott >> of him out there that are unfilled for the first time, there are more jobs unfilled than there are candidates for them. You're solving this problem. Tell us what's going on in Amazon. Why the fewer what's going on with all this? Why everyone's so jacked up >> a great point. I, Andy, I think, said that education is at a crisis point today and really talked about that racial inequality piece way. Timeto hire people in the software development space Cloud architecture um technical called cloud Support Age. It's incredibly long so that it's just creating excess costs into the system, but were so passionate, like if you look at going to the cloud, Amazon wants to disrupt areas where we do not see that progress happening. Education is an area that's in vast need for disruption. There are people were doing amazing stuff. We've heard from Cal Poly. We've heard from Yeah, Arizona State. Carnegie Mellon. There's Joseph Alan at North Northeastern. >> People are >> doing great stuff. We're looking at you some places that are doing dual enrollment programs between high school and community in college and higher ed. But we're not moving fast enough, but you guys >> are provided with educate your program. This is people can walk in the front door without any kind of going through gatekeepers or any kind of getting college. This is straight up from the front, or they could be dropouts that could be post college re Skilling. Whatever it is, they could walk in the front door and get skilled up through educators that correct, >> we send people the ws educate dot com. All you need is some element of being in school activity, or you won't be going back from Re Skilling perspective and you came free access into resource is whether your student teacher get free access into content. That's map two jobs, because again, would you people warm from the education way? All want enlightenment contributors to sai all important, But >> really they >> want careers and all the stats gallop ransom good stats about both what, yet students and what industry wants. They want them to be aligned to jobs. And we're seeing that there's a man >> my master was specifically If I'm unemployed and I want to work, what can I do? I walk into you, You can go >> right on and we can you sign up, we'll give you access to these online cloud. Career pathways will give you micro credentials so we can bad you credential you against you We belong something on Samarian Robo maker. So individual services and full pathways. >> So this a >> direct door for someone unemployed We're going to get some work and a high paying job, >> right? Right. Absolutely. >> We and we also >> give you free access into a ws because we know that hands on practice doing real world applications is just vital. So we >> will do that end. By the way, at the end of >> this, we have a job board Amazon customer In part of our job, we're all saying >> these air >> jobs are super high in demand. You can apply to get a job as an intern or as a full time. Are you through our job? >> This is what people don't know about Rebecca. The war is not out there, and this is the people. Some of the problems. This is a solution >> exactly, but I actually want to get drilled down a little bit. This initiative is not just for grown ups. It's it's for Kimmie. This is for you. Kid starts in kindergarten, So I'm really interested to hear what you're doing and how you're thinking about really starting with the little kids and particularly underrepresented minorities and women who are not. There were also under representative in the in the cloud industry how you're thinking expansively about getting more of those people into these jacks. And actually, it's still >> Day one within all y'all way started with Way started with 18 and older because we saw that as the Keith the key lever into that audience and start with computer science but we've expanded greatly. Our wee last year reinvent, We introduced pathways for students 14 over and cloud literacy materials such as a cloud inventor, Cloud Explorer and Cloud Builder. Back to really get at those young audiences. We've introduced dual enrollment stuff that happens between high school community college or high school in higher ed, and we're working on partnerships with scratch First Robotics Project lead the way that introduced, whether it's blocked based coding, robotics were finding robotics is such a huge door opener again, not just for technically and >> get into it absolutely, because it's hands on >> stuff is relevant. They weren't relevant stuff that they can touch that. They can feel that they can open their browser, make something happen, build a mobile application. But they also want tohave pathways into the future. They want to see something that they can. Eventually you'll wind up in and a ws the cloud just makes it real, because you, Khun do real worlds stuff from a browser by working with the first robot. Biotics are using scratch toe develop Ai ai extensions in recognition and Lex and Polly and so on. So we've entered into partnerships with him right toe. Open up those doors and create that long term engagement and pipe on into the high demand jobs of tomorrow. >> What do you do in terms of the colleges that you mentioned and you mention Northeastern and Cal Poly Arizona State? What? What are you seeing? Is the most exciting innovations there. >> Yes. So, first of all, we happen to be it. We're in over 24 100 institutions around the world. We actually, by the way, began in the U. S. And was 65% us. Now it's actually 35% US 65% outside. We're in 200 countries and territories around the world. But institutions such as the doing amazing stuff Polo chow at a Georgia Tech. Things that he's doing with visual ization on top of a ws is absolutely amazing. We launched a cloud Ambassador program to reward and recognize the top faculty from around the world. They're truly doing amazing stuff, but even more, we're seeing the output from students. There was a student, Alfredo Cologne. He was lived in Puerto Rico, devastated by Hurricane Maria. So lost his, you know, economic mobility came to Florida and started taking classes at local schools. He found a ws educate and just dove headlong into it. Did eight Pathways and then applied for a job in Dev Ops at Universal Studios and received a job. He is one of my favorite evangelists, but and it's not just that higher ed. We found community college students. We launched a duel enrolment with between Santa Monica College and Roosevelt High School in Los Angeles, focusing again a majority minority students, largely Hispanic, in that community. Um, and Michael Brown, you finish the cloud computing certificate, applied for an internship, a mission clouds so again a partner of ours and became a God. Hey, guys, internship And they start a whole program around. So not only were seeing your excitement out of the institutions, which we are, but we're also seeing Simon. Our students and businesses all want to get involved in this hiring brigade. >> Can I gotta ask. We're learning so much about Amazon would cover him for a long time. You know all the key buzzwords. Yeah, raise the bar all these terms working backwards. So >> tell us about what's your >> working backwards plan? Because you have a great mission and we applaud. I think it's a super critical. I think it's so under promoted. I think we'll do our best to kind of promote. It's really valuable to society and getting people their jobs. Yeah, but it's a great opportunity, you know, itself. But what's your goal? What's your What's your objective? How you gonna get there, What your priorities, What do you what do you what do you need >> to wear? A pure educational workforce? And today our job is to work backwards from employers and this cloud opportunity, >> the thing that we >> care about our customers still remains or student on DH. So we want to give excessive mobility to students into these fields in cloud computing, not just today and tomorrow. That requires a lot that requires machine lurking in the algorithm that you that changed the learning objectives you based on career, so content maps to thes careers, and we're gonna be working with educational institutions on that recruited does. Recruiting doesn't do an effective job at matching students into jobs. >> Are we >> looking at all of just the elite institutions as signals for that? That's a big >> students are your customer and customer, but older in support systems that that support you, right? Like Cal Poly and others to me. >> Luli. We've also got governments. So we were down in Louisiana just some last month, and Governor Bel Edwards said, We're going to state why with a WS educates cloud degree program across all of their community college system across the University of Louisiana State system and into K 12 because we believe in those long term pathways. Never before have governors have ministers of country were being with the Ministry of Education for Singapore in Indonesia, and we're working deep into India. Never had they been more aligned toe workforce development. It creates huge unrest. We've seen this in Spain and Greece we see in the U. S. But it's also this economic imperative, and Andy is right. Education is at a crisis. Education is not solving the needs of all their constituents, but also industries to blame. We haven't been deeply partnered with education. That partnership is such a huge part of >> this structural things of involved in the educational system. It's Lanier's Internets nonlinear got progressions air differently. This is an opportunity because I think if the it's just like competition, Hey, if the U. S Department of Education not get their act together. People aren't going to go to school. I mean, Peter Thiel, another political spectrums, was paying people not to go to college when I was a little different radical view Andy over here saying, Look at it. That's why you >> see the >> data points starting to boil up. I see some of my younger son's friends all saying questioning right what they could get on YouTube. What's accessible now, Thinking Lor, You can learn about anything digitally now. This is totally People are starting to realize that I might not need to be in college or I might not need to be learning this. I can go direct >> and we pay lip >> service to lifelong education if you end. If you terminally end education at X year, well, you know what's what's hap happening with the rest of your life? We need to be lifelong learners. And, yes, we need to have off ramps and the on ramps throughout our education. Thie. Other thing is, it's not just skill, it's the skills are important, and we need to have people were certified in various a ws skills and come but we also need to focus on those competencies. Education does a good job around critical decision making skills and stuff like, um, collaboration. But >> do they really >> do a good job at inventing? Simplified? >> Do they teach kids >> to fam? Are we walking kids to >> social emotional, you know? >> Absolutely. Are we teaching? Were kids have tio think big to move >> fast and have that bias for action? >> I think that I want to have fun doing it way. Alright, well, so fun having you on the show. A great conversation. >> Thank you. I appreciate it. >> I'm Rebecca Knight for John. For your you are watching the cube. Stay tuned.

Published Date : Jun 12 2019

SUMMARY :

live from Washington, D. C. It's the Cube covering We are the Cube. What you do as the director of educational programs. 1,050 18 and show that the timeto higher had increased But for him to be overtly projecting, There's a lot of challenges. And this is Elliott Why the fewer what's it's just creating excess costs into the system, but were so passionate, We're looking at you some places that are doing dual enrollment programs This is people can walk in the front door without any and you came free access into resource is whether your student teacher get free access into They want them to be aligned to jobs. right on and we can you sign up, we'll give you access to these online cloud. Absolutely. give you free access into a ws because we know that hands on practice doing By the way, at the end of Are you through our job? Some of the problems. This initiative is not just for grown ups. the key lever into that audience and start with computer science but we've expanded term engagement and pipe on into the high demand jobs of tomorrow. What do you do in terms of the colleges that you mentioned and you mention Northeastern and Cal Poly Arizona State? Um, and Michael Brown, you finish the cloud computing certificate, raise the bar all these terms working backwards. Yeah, but it's a great opportunity, you know, itself. that you that changed the learning objectives you based on career, Like Cal Poly and others to me. Education is not solving the needs of all their constituents, Hey, if the U. S Department of Education not get their act together. need to be in college or I might not need to be learning this. service to lifelong education if you end. Were kids have tio think big to move Alright, well, so fun having you on the show. I appreciate it. For your you are watching the cube.

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Bipin Jayaraj, Make-A-Wish® America | VeeamON 2019


 

>> live from Miami Beach, Florida It's the que covering demon 2019. Brought to you, by the way, >> Welcome back to Vima on 2019 in Miami. Everybody, we're here at the Fountain Blue Hotel. This is Day two of our coverage of the Cube, the leader in live Tech. And I'm David Dante with Peter Bors. Pippen. Jay Raj is here. He's the vice president and CEO of Make A Wish America. Just that awesome foundation nonprofit people. Thanks for coming on the Cube. >> Thank you for having me appreciate it. >> So make a wish. Children with wishes and have terminal illnesses. You guys make them come true. It's just a great organizations. Been around for a long time, I think, since the early eighties, right, >> 39 years and going >> years and hundreds of thousands of wishes made. So just how did you get Teo make a wish that all come about >> it? It wasn't interesting journey. I was consulting in I t for multiple big companies. And, you know, two years back, it was through a recruiting channel that I got an opportunity to start some conversations as the CIA and make a wish. Uh, the thing that got me in the opportunity was predominately about enterprises and just to give you a little bit off, make official operations. Make a Wish was Founded and Phoenix, Arizona. And but we also operate a 60 chapters across the United States that it is 60 chapters each of the chapter there 501 C three companies themselves with the CEO and abort. Essentially, it is 60 plus one. The national team kind of managing. All of the chapters are helping the chapters. National does not do any wish. Granting all the wish planning happens to the chapters. But National helps the chapters with the distribution of funding models brand. And thanks for That's a couple of years back in the national board talked about in our dream and mission, which is granting every eligible child the notion ofthe enterprise. You know, working as an enterprise came into four and it being a great piece off providing shared services and thanks for that. So I was brought on board and we took on I would call as the leader today said and dashes dream off. Bringing together all the 60 chapters and the city chapter's essentially are split across 120 locations. So Wade took on a project off. You know, combining our integrating all of their infrastructure needs into one place. And Phoenix without ada, sent a provider. You know, we worked with a partner. Phoenix. Now fantastic partners >> there. We had them on the other day. >> Yep, yep. Yeah, MacLaren. I mean, and the team, they did a great job. And, you know, when we had to move all of the data, everything from the 60 chapters applications everything into a centralized data center, locations that we managed right now from Make a Wish National office and provide a service back to the chapters That gives you a little bit off. You know, from behind the scenes. What happened? >> You provide the technical overview framework for all the 60 chapters. >> It almost sounds like a franchise model. >> It's what we call a Federated model back in the nonprofit. >> But but but but because make a wish is so driven by information. Yep. Both in the application as well as the programs to deliver thie brand promise. And the brand execution has got to be very, very closely tied to the quality of a shared services you provide >> exactly. Exactly. And like I said, the reason I talked about them being a separate companies themselves is you know, as I always say to my 60 CEOs, Ah, I should be able to provide the services because they wanted, because they have a choice to go outside and have their own partner. Another thing for that which they can. But they would want to work with the national team and get my, you know, work through our services rather than having have to because of the very it's A. It's a big difference when it comes to, but I've been lucky on privileged to you have these conversations with the CEO's. When I start talking to them about the need for centralization, the enterprise society assed much, there are questions when he start leading with the mission and the business notion of why we need to do that, it's It's fantastic. Everybody is in line with that. I mean, there's no question, then, as toe Hey, guys, uh, let me do all the Operation Manisha fight and leave it to me and I'll in a handler for you, and I let you guys go to what you do best. which is granting wishes. So then it becomes it doesn't become a question off, you know, should be a shouldn't way. And of course, to back that up. But I was talking to the dean, folks, It just solutions. Like VMware, Veeam. It makes it much simpler even from a cost prospect. You not for me to manage a bigger team s so that I can take those dollars and give it back to the business to grant another wish. So it's it's pretty exciting that >> way. So you set the standards. Okay, here's what you know, we recommend and then you're you're saying that adoption has been quite strong. Yeah, I remember Peter. Don't say easy. I used to run Kitty Sports in my local town in which is small town. And there was, you know, a lot of five or six or seven sports, and I was the sort of central organization I couldn't get six sports to agree that high man is 60 different CEO's. But that's okay. So not easy. But so how were you able to talk leadership or leading as we heard from Gino Speaker today? How were you able to get those guys, you know, aligned with your vision. >> Uh, it's it's been fantastic. I've had a lot ofthe good support from our executive came from a leadership team because leadership is always very important to these big initiatives are National board, which comprises off some of the that stuff best leaders in America and I have the fortune toe be mentored by Randy Sloan, who used to be the CEO of Southwest. And before that, you see a global CEO for, uh, you know, Popsicle. You know, he always told me, but but I mean CIA job. One thing is to no the technology, but completely another thing. Toe building relationships and lead with the business conversation. And so a typical conversation with the CEO about Hey, I need to take the data that you have all the I t things that you have and then me doing it. And then there are questions about what about my staff and the's conversations. Because you know, it's a nonprofit is a very noble, nice feeling, and you wouldn't want the conversations about, you know, being rift and things like that are being reduced producing the staff and thinks of that. But you know as he walked through that and show the benefits of why we doing it. They get it. And they've been able to repurpose many off the I. D functions back in tow, revenue generation model or ofhis granting in our team. And in many cases, I've been ableto absolve some off their folks from different places, which has worked out fine for me, too, because now I have kind of a power user model across the United States through which I can manage all these 120 locations. It's very interesting, >> you know, site Reliable and Engineering Dev Ops talks about thie error budget or which is this notion of doo. You're going tohave errors. You're going to have challenges. Do you want it in the infrastructure you wanted the functions actually generating value for the business? I don't know much about Make a wish. I presume, however, that the mission of helping really sick kids achieve make achieve a wish is both very rewarding, very stressful. He's gotta be in a very emotional undertaking, and I imagine it part of your message them has got to be let's have the stress or that emotional budget be dedicated to the kids and not to the technology >> completely agree. That's that. That's been one of my subjects, as you asked about How is it going about? It's about having the conversation within the context of what we talked about business and true business. Availability of data. You know, before this enterprise project data was probably not secure enough, which is a big undertaking that we're going down the path with cyber security. And you know, that is a big notion, misplaced notion out there that in a non profits are less vulnerable. Nobody. But that's completely untrue, because people have found out that nonprofits do not probably have the securing of walls and were much more weight being targeted nonprofits as a whole, targeted for cyber security crimes and so on and so forth. So some of these that I used to, you know, quote unquote help or help the business leaders understand it, And once they understand they get it, they ableto, you know, appreciate why we doing it and it becomes the conversation gets much more easier. Other What's >> the scope of the size of the chapters is that is a highly variable or there is. >> It is highly variable, and I should probably said, That's Thesixty chapters. We look at it as four categories, so the cat ones are what we call the Big Ice, the Metro New Yorkers and Francisco Bay Area. They're called Category one chapters anywhere between 4 1 60 to 70 staff. Grant's close to around 700 wishes you so as Make a Wish America, we ran close toe 15,600 wishes a year, and cat ones do kind of close to 700 15,600 400 to 700. And then you get into care to scare threes and cat for scat force are anywhere between, you know, given example Puerto Rico or Guam territory there. Cat Force New Mexico is a cat for three staff members Gammas operated by two staff members and 20 volunteers. They grant about 3 2 20 12 to 15 which is a year, so it's kind of highly variable. And then, you know, we talk about Hawaii chapter. It's a great example. They cat once predominate because of the fact that you know, they they do. There's not a lot ofthe wishes getting originated from how I but you know, Florida, California and how your three big chapters with a grand are a vicious ist with a lot of grant, you know, wish granting. So there's a lot off, you know, traffic through those chapters >> so so very distributed on diverse. What's the relationship between data and the granting of wishes? Talk about the role of data. >> Should I? I was say this that in a and I probably race a lot of fibrosis and my first introductory session a couple of years back when I John make a wish with the CEO's uh, when we had the CEO meeting and talk to them about I leaders the days off making decisions based on guts are gone. It has to be a data driven decision because that's where the world is leading to be. Take anything for that matter. So when we talk about that, it was very imperative going back to my project that the hall we had all of the data in one place or a semblance off one single place, as opposed to 60 different places to make decisions based on wish forecast, for example, how many wishes are we going to do? How many wishes are coming in? How's the demand? Was the supply matching up one of the things that we need to do. Budget purposes, going after revenue. And thanks for that. So data becomes very important for us. The other thing, we use data for the wish journeys. Essentially, that's a storytelling. You know, when I you know, it was my first foray into for profit Sorry, nonprofit. And me coming from a full profit is definitely a big culture shock. And one of the things they ask us, what are we selling? Its emotions and story. And that's our data. That is what you know. That's huge for us if we use it for branding and marketing purposes. So having a good semblance off data being ableto access it quickly and being available all the time is huge for us. >> Yeah, and you've got videos on the site, and that's another form of data. Obviously, as we as we know here, okay. And then, from a data protection standpoint, how do you approach that? Presume you're trying to standardize on V maybe is way >> are actually invested in veeam with them for a couple of years right now, as we did the consolidation of infrastructure pieces Veeam supporters with all of the backup and stories replication models. Uh, we're thinking, like Ratmir talked about act one wi be a part of the journey right now, and we're looking at active. What that brings to us. One of the things that you know, dream does for us is we have close to 60 terabytes of data in production and close to another 400 terabytes in the back of things. And, uh, it's interesting when they look about look at me equation, you think about disaster recovery back up. Why do you need it? What? The business use cases case in point. This classic case where we recently celebrated the 10th anniversary ofthe back wish bad kid in San Francisco, we have to go back and get all the archives you know, in a quick fashion, because they're always often requests from the media folks to access some of those. They don't necessarily come in a planned manner. We do a lot of things, a lot of planning around it, but still there are, you know, how How did that come about? What's the story behind? So you know, there are times we have to quickly go back. That's one second thing is having having to replicate our data immediately. Another classic case was in Puerto Rico. There was a natural disaster happened completely. Shut off. All the officers work down. We had to replicate everything what they had into a completely different place so that they could in a vpn, into an access that other chapters and our pulled in to help. They were close to 10 wish families close to 10 which families were stranded because of that. So, you know, gaining that data knowledge of where the family is because the minute of his journey starts. Everything is on us till the witch's journey ends. So we need to make sure everything is proper. Everything goes so data becomes very crucial from those pants >> you're tracking us. I mean, if you haven't been on the make a Wish site is some amazing stories. There I went on the other day. There's a story of ah, of 13 year old girl who's got a heart condition. Who wanted to be a ballerina. A kid with leukemia five years old wants to be a You want to be a chef. My two favorites, I'll share What? It was this kid Brandon a 15 year old with cystic fibrosis. I wanted to be a Navy seal. You guys made that happen. And then there was this child. Colby was 12 years old and a spinal muscular issue. You want to be a secret agent so very creative, you know, wishes that you ran >> way had another wish a couple of years last year in Georgia, where they wish kid wanted to go to Saturn. Yes, yes, it was huge. I mean, and you know the best part about us once we start creating those ideas, it's amazing how much public support we get. The community comes together to make them wish granting process. Great. Now. So I got involved in that. They gave the wish Kato training sessions to make sure that he is equipped when he goes into. And we had a bushel reality company create the entire scene. It was fabulous. So, you know, the way you talk about data and the technology is now some of the things I'm very excited about us usage off thes next Gen technology is like our winter reality to grant a wish. I mean, how cool would that be for granting a wish kid who is not able to get out of the bed. But having able to experience a the Hawaii is swimming. Are being in Disney World enough a couple of days? That's That's another use case that we talked about. That other one is to put the donors who pay the money in that moment off granting, you know, they are big major gift, uh, donors for make a wish. Sometimes we were not able to be part of a fish, but that would be pretty cool if you can bring the technology back to them and you know not going for them. You know pretty much everybody and make the ass through that rather than a PowerPoint or a storytelling, when the storytelling has to evolve to incorporate all of that so pretty excited >> and potentially make a participatory like, say, the virtual reality and then even getting in more into the senses and the that the smells. And I mean this is the world that we're entering the machine intelligence, >> which you still have to have, But you still have to be a functioning, competent, operationally sound organization. There've been a number of charities, make a wish is often at the top of the list of good charities. But there were a number of charities where the amount of money that's dedicated to the mission is a lot less an amount of money, dedicated administration of fundraising, and they always blame it. Systems were not being able to track things. So no, it's become part of the mission to stay on top of how information's flowing because it's not your normal business model. But the services you provide is really useful. Important. >> Sure, let me percent you the business conundrum that I have personally as a 90 leader. It takes close to $10,400 on an average to grant a wish. Uh, and, uh, partly because of me. But being part of the mission, plus me as a 90 leader wanting to understand the business more, I signed up. I'm a volunteer at the local Arizona chapter. I've done couple of expanding myself, and, uh, the condom is, if asked, if you want to go, uh, you know, do the latest and greatest network upgrade for $10,400 are what do you want to, uh, you know and make the network more resilient cyber security and all that stuff. What do you want to go grant? Another wish as a 90 leader probably picked the former. But as a volunteer, I would be like, No, it needs to go to the kid. It's Ah, it's It's an interesting kind of number, you know? You have to find the right balance. I mean, you cannot be left behind in that journey because at many points of time s I talked about it being a cost center. It being a back office. I think those days have clearly gone. I mean, we we evolved to the point where it is making you steps to be a participant b A b a enabler for the top line to bring in more revenues, tow no augment solutions for revenue and things. For that sofa >> rattles the experience or exact role citizens. And in your case, it's the experience is what's being delivered to the degree that you can improve the experience administratively field by making operations cheaper. Great. But as you said, new digital technologies, they're going to make it possible to do things with the experience that we could even conceive of. Five >> wears a classic example. Williams and Beam. I couldn't have taken the data from 60 chapters 120 locations into one single location manageable, and it reduced the cost literally reduce the cost of the 60 instances in one place without technology is like, you know what Sharia virtual machines. And and then to have a backup robust backup solution in a replication off it. It's fantastic. It's amazing >> there. And that's against here. You could give back to the dash chapters and backing, But thanks so much for sharing your story. You Thank you. Thank you. You're welcome. Alright, keep it right there. Buddy. Peter and I were back with our next guest. You watching the Cube live from V mon from Miami? 2019. We're right back. Thank you.

Published Date : May 22 2019

SUMMARY :

live from Miami Beach, Florida It's the que covering of the Cube, the leader in live Tech. since the early eighties, right, you get Teo make a wish that all come about And, you know, two We had them on the other day. And, you know, And the brand execution has got to be very, But they would want to work with the national team and get my, you know, And there was, you know, a lot of five or six or seven CEO for, uh, you know, Popsicle. you know, site Reliable and Engineering Dev Ops talks about thie error budget or And you know, They cat once predominate because of the fact that you know, Talk about the role of data. You know, when I you know, it was my first foray into for from a data protection standpoint, how do you approach that? One of the things that you know, dream does for us is we have close to 60 You want to be a secret agent so very creative, you know, wishes that you ran the way you talk about data and the technology is now some of the things I'm very excited about us usage and the that the smells. But the services you provide I mean, you cannot be left behind it's the experience is what's being delivered to the degree that you And and then to have a backup You could give back to the dash chapters and backing, But thanks so much for

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Nik Kalyani, WhenHub & TryCrypto | DevNet Create 2019


 

(lively pop music) >> Live from Mountain View, California. It's the Cube covering DevNet Create 2019. Brought to you by Cisco. >> Okay welcome back everyone, we're here at day two coverage live of coverage at Mountain View, Cube coverage of Cisco's DevNet Create. I'm John Furrier, your host, where all the action is in the creation side of two communities, DevNet, Cisco developers and then the open cloud native world entrepreneurship coming together to create products. Our next guest is Nik Kalyani, co-founder of WhenHub and TryCrypto. He's a builder, he's a creator, he's an entrepreneur. Welcome to The Cube, thanks for coming on >> John, thanks for having me. >> You just gave a long talk so I'll let you breathe a little bit. You're an entrepreneur, you're an inventor, you see things early. You got a lot of your hands on lots of good stuff here. This is the perfect place for you to be giving talks and hanging out. >> Absolutely I love the fact that people are here to learn. They're here to find out about the new innovative things that they can experience hands-on. I just gave a workshop on smart contracts, on the blockchain and I loved the questions I got and the energy that's there. >> What sort of questions were you getting? What was the interest? Where are people going at it? Because networking's a supply chain problem you can almost imagine applying blockchain to networking constructs. >> Yeah absolutely, you know blockchain is one of those technologies that is misunderstood quite a bit and some of the questions I got really helped me, help reinforce that. Ultimately, what I was trying to do is make sure that people understand that blockchain is not a solution for everything. There are certain things where there are scenarios where there are multiple un-trusted parties where blockchain is great, but otherwise it's just a slow database. So you want to make sure that you use it in the right scenarios and supply chain is a very common example where it's used, especially private blockchains. >> If latency's not a concern blockchain might be a solution if other things line up. Great point, I'm glad you brought that up. I want to just ask you because your profile as a person you're a visionary, you see things early. The part of the show here that's interesting is it's not like there's this research kind of thinking, although researchers tends to think about the waves coming. It's about what's here and now and what's coming but it's also making things real and creating. So a lot of the conversations are fun, exploratory, discovery orientated but also there's a lot of reality kind of grounded in it. You know entrepreneurs make some mistakes if you're too early, you're misunderstood for a long time. It's got to be a little bit early at the right time, timing's everything. Talk about the dynamic of timing and building and creating with big waves that are coming. You got cloud, you got blockchain, you got AI, you got machine learning. Talk about this dynamic. >> Absolutely, yeah so timing is so important, especially when you have start-ups right? You could have the greatest technology and maybe the market's not ready for it and so yeah it fails. My first start up was like that. I created something that the market was not ready for but fortunately the stuff I'm working on the market is ready for. So I think one of the things that developers, engineers can do is really look at how not necessarily how a technology is being marketed but what the adoption rate is. If there are more people jumping on it, and a good way to look at that is to look at GitHub and see how many people are creating samples, boilerplates, how many people are writing blog posts et cetera. That I think is a better indicator of whether a technology is ready for prime time or if it's just all vaporware. >> Tell about what you're working on now you're working on some very interesting projects. Where are they? What's the status, size of the team, collaborative open source. What's going on? >> So I have two start-ups I'm working on. the first one is called WhenHub. So we have a product called Interface that allows anyone to be an expert on any topic, and promote themselves through the platform. And allows anyone who's looking for expertise on any topic to find them and then pay for them and do a video call, get their questions answered and the whole transaction is handled via blockchain with either our cryptocurrency or you can use Apple Pay or Google Pay. So we launched a few months ago, we have about 75,000 users, it's growing very fast. We are just at the point right now where we are trying to scale-up. Our crypto token is called WHEN token. It's listed on five different exchanges. So that's one thing. While building that product one thing became very clear to me. Mainstream users have a very challenging time with using anything blockchain or cryptocurrency related. And it's through no fault of theirs, the ecosystem has been created for developers by developers and the tools lack empathy for the users. And that lead me to create an open source project called TryCrypto. The mission is to create free open source content and tools to make blockchain and cryptocurrency more accessible to users. >> To mainstream not the killer dorks and the guys coding. >> Yeah we want it to be like non-technical folks >> Is it the wallet that's the problem or is it just overall too techy? >> You know what John, the very word wallet is the problem. (John laughs) Because it gives this idea that there's something within it. As we were talking earlier, you know about blockchain, there's nothing in a wallet. It's just a placeholder for all of your addresses, right? So in fact, I'm trying to solve that problem with a new tool I've created called Photoblock, where I use a photo and emoji's to replace that. Yes, wallets are problems. The fact that it requires you to have all these parts in place before you can do anything useful, that's a big problem also. People really need to step back and look at the user experience and say what are the friction points and how can we eliminate them and that needs to happen before blockchain and cryptocurrency can have mass adoption. >> Talk about the choice of smart contract language used. Ethereum which was the hottest development oriented the most traction. A lot of ICOs kind of watered that down, it's still under 300. Other ones are emerging, NEO, EO, a bunch of other ones. It seems to be kind of like a NASCAR race, one's in the lead, someone's coming up. How do you look at that marketplace as other developers start to kick the tires? As people start building these real-world apps is that important to have a selector? Does it matter? What's your thoughts on selection? >> That's a great question. I think going back to what I said about how to evaluate a technology. You can see that Ethereum is still continues to be the leader, by far. So while EO and other blockchains have what appears to be a lot of momentum, if you dig down below the surface you don't find as much. So I continue to remain a big fan of Ethereum. Which doesn't mean I don't care for the other blockchains but I find that right now Serenity and Ethereum are a good way to move forward. I think EO is also a good platform to build on but I think their developing tools need to reach some level of maturity. On Ethereum, the folks that have created the truffle stack, the truffle and ganache package, have done a great service for developers because they make them so simple and easy. Something like that needs to evolve. >> Yeah and your point earlier I think it's important to know for the developers out there don't confuse the protocol and the token selection on smart contracts with blockchain. Again, you don't have to anything on blockchain 'cause it's a slow database. You're doing smart contracts which doesn't really require a lot of overhead. I mean it's a contract, it does. You want to have it reliable, but you're not doing zillions of contracts per second. The IOPs are not that high. >> Yeah, actually smart contracts is also a very misunderstood term. In fact, someone asked me is it legal contracts or medical contracts, what is it? A smart contract is really just an application. A programming code that runs on the virtual machines on blockchain. They call it a contract because once it's out there it's immutable. Which means the rules are defined, known and fixed and can't be changed. So when you create a smart contract, really what you're doing is handling a very small amount of data that you want to persist forever that runs with some rules. >> And in a decentralized world, as we call it in our community, it's a digital handshake. You agreed that we would do this, there it is, it's un-hackable. What are the cool things you're working on? What else you got? Opensource project's awesome. You got a lot going on. Life's good. >> Life is good. As I mentioned, Photoblock is the thing that I'm really excited about. Another app that we are building is called Public Record. The problem we are solving there is that in areas where there is strife, or maybe there's dictators et cetera, sometimes when you have people who have photos of some crime occurring or some event occurring, they are reluctant to share it because it could be traced back and have adverse consequences. With Public Record we are building a smart contract driven blockchain app. Where you can just take a photo and it will push that photo on to IPFS. Which stands for the InterPlanetary File System, which is a decentralized file system. It will anonymize the photo. It will strip all the stuff that your camera puts on there like GPS, the camera model et cetera. It'll manipulate that photo and it will then put a hash of that on the blockchain and make it available by location. So you can go to any location look at all the photos that people have taken there that are completely anonymous and impossible to track back to the >> And what about tampering proof? You have origination data, you strip out the real origination data, that's really important for some of these countries where people get killed for sharing or trying to get the backdoor out of the country for political revolution or just simply I don't want anybody to know. How about tamper proof? >> It is, it's on IPFS, which is immutable file system. What we also do is we manipulate the colors and tones of the photo a little bit so it's impossible to even use AI to go back and reverse engineer and figure out who created the photo. The location, the time and the actual content of the photo is not tampered. So Public Record will do that. >> Just a little quick Q and A on your company. Did you do an ICO, did you finance it yourself? >> With WhenHub we did do an ICO, but it was at a time when the market was at its bare things so our ICO was moderately successful. In addition to the ICO funds, we are primarily funded by one of my co-founders, Scott Adams, the creator of the Dilbert comic strip. We are doing quite well. >> He's a cool guy to hang out with, huh? >> He is. >> Never a dull moment? >> Never a dull moment, I learn quite a bit. >> Congratulations. How do people find out how to hang out with you? You got some good things going on here. Where do you hang out? What do you do for fun? What events do you go to? What's going on with you? >> I'm on Twitter quite a bit. >> Say your Twitter handle. >> It's @techbubble. I'm there. I like to blog. on TryCrypto and also my own personal blog. I go to meet-up events here in Silicon Valley and I do make an effort to speak at least five to six conferences each year. >> Aim it forward. >> Yep. >> A lot more action going on in crypto and token economics not just from an ICO standpoint always been some negative scams out there and global fraud, but generally, blockchain and token economics is real and getting more traction and soon I think it will be clearer. Your thoughts on that, if you could share your perspective in terms of the opportunities around those two areas. >> Like any other new and exciting technology goes through the hype cycle, they've gone through that now. I think there's really two types of people in this ecosystem. The ones that are focused on the cryptocurrency and the pricing around it et cetera. But I'd really like to separate that from the blockchain aspect of it. Blockchain is a very real technology, it's a really different technology that the world has never seen before. Yes, it's very true that not everything is a good candidate for the blockchain. But there are many, many scenarios where there are multiple un-trusted parties that are excellent for blockchain. I think what needs to happen is persons in leadership position need to really evaluate: what are the scenarios where there are un-trusted entities involved? And limit their blockchain involvement, test pilots, all of that they're more likely to see more success. Versus just throwing blockchain into it, replace the database, 'cause that's guaranteed to be a fail. >> Nik, great to have you on. I totally agree with you. The team here we were in Puerto Rico, we've been in the Bahamas, we've been Toronto we've been to all the blockchain events. Consensus is coming up in New York. We might be there, May 14th. Patrick, getting ready to head down to New York. Maybe go down there. Great to have your perspective. Great to see the blockchain conversation coming in here as the emerging tech and the creation here at DevNet Create continues. Thanks for coming out. >> Thank you so much. I appreciate you having me here. >> More Cube coverage here coming live here at Mountain View after this short break. (pop music plays)

Published Date : Apr 26 2019

SUMMARY :

Brought to you by Cisco. Welcome to The Cube, thanks for coming on This is the perfect place for you and the energy that's there. to networking constructs. that is misunderstood quite a bit and some of the questions So a lot of the conversations are fun, exploratory, I created something that the market was not ready for What's the status, size of the team, And that lead me to create an and the guys coding. and that needs to happen before is that important to have a selector? I think going back to what I said don't confuse the protocol and the token selection on the virtual machines on blockchain. What are the cool things you're working on? As I mentioned, Photoblock is the thing the backdoor out of the country for political revolution of the photo a little bit so it's impossible to even use AI Did you do an ICO, did you finance it yourself? In addition to the ICO funds, we are primarily funded How do people find out how to hang out with you? and I do make an effort to speak in terms of the opportunities around those two areas. replace the database, 'cause that's guaranteed to be a fail. Nik, great to have you on. I appreciate you having me here. after this short break.

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Azam Shaghaghi, Shivom.io


 

(upbeat music) >> Live from Toronto, Canada. It's The Cube, covering Blockchain, futurist conference 2018. Brought to you by, The Cube. >> Hello, everyone, welcome back. The Cube's live coverage here in Toronto, Ontario, for Untraceable's Blockchain futurist conference. Two days, this is day one of two days, of Cube coverage. I'm John Furrier, your host. Our next guest is, Azam Shaghaghi, who is the director of public relations, and strategy for Shivom.io. Really interesting story, raised a bunch of money in 15 seconds in an ICO. Really interesting story, welcome to The Cube. Thanks for coming in. >> Yeah, thank you so much for having me. >> So we were just talking on camera, you studied at NASA in Northern California, where I live, and you've got this really cool venture. Before we get into it, talk about what you guys did with the ICO, then talk about what the company does. >> Sure, the project Shivom is about owning your own DNA. So, we are sequencing DNA, and storing it on the patient-friendly platform on Blockchain. Which actually give the power back to the donors, and the people that have the... I mean, and the users, basically. So basically, you can monetize, manage and... >> Control your data. >> Control your own data. >> How much did you guys raise? You did 15 seconds, give us the numbers. What happened? >> So we raised the 35 million. We reached the hard-cap, our public sell was sold out under 15 seconds. >> 15 seconds? - 15 seconds. >> And what month was that? >> It was, actually, on May, the third. >> So it was post, after, I mean, a lot of these actually just went out last year. Still, that's really a good signal, given the climate at that time. >> Exactly, and I think it's about what your actually, your intention is, in order to disrupt. We're talking about genomic information. We're talking about healthcare. At a very highly regulated industry, right? A lot of things have been untapped in that sector. So, hopefully, with the help of Blockchain, A.I., and advanced technology, we can disrupt. >> Now I...Crystal Rose, who's the CEO of Sensay Token, when I interviewed her, in Puerto Rico, she had a comment, which I love, I still use to this day. She makes kind of like A.I. chat boxes, really cool things, your brain and the Blockchain. Similar concept that you're doing, you're DNA on the Blockchain, that you can own and manage, for your own personal benefit, and/or value. >> Exactly. >> That's kind of the concept, if I get that right? >> That it is. >> Okay, who does the genoming? >> Oh, you mean the sequencing? >> Yeah, the sequencing. >> So, I mean, right now, there are companies out there that they do the, I mean, the... >> So, I've got to get it done, and then I bring it to the platform? How does that work? >> So what we, actually, we do, we have created the marketplace, for the industry players, right? For the donors, for the users, for the governments, hospitals, insurance companies, and research labs. So, basically, after you sequence your DNA, we can, you can give it us and we sequence, we manage it, and secure it, store it on the Blockchain. Obviously, we are doing a lot of partnerships with different companies and different ventures. We have an alliance, with different partners out there, that we do, we're trying to promote that, in terms of also helping to develop the kits. >> So I get this right, so a variety of touchpoints, with stakeholders, service providers would do the service, >> Exactly. >> and the users themselves...so if I get my DNA sequence... >> Why? >> If I get my DNA sequence... >> Right... >> Do I direct the provider to put it on the Blockchain, or do I take it myself and put it on the Blockchain? >> So, when you sequence, well, okay, so you just sign up in our platform, >> Got it. >> and after that you sign up in order to sequence your DNA. The kit will be sent out to you. So, it's all through Spark contract. >> So I use your marketplace and you do all the work? >> We do all the work. >> Got it, and how does the tokens work? >> So, basically... >> The better the DNA, the more tokens you get? I wish. Whoops! >> I wish it was like that. I don't think that there is a discussion of a better... >> Okay, I know I'm kidding. >> like DNA. >> I'm afraid you get my DNA sequence, I've got all of these diseases, who knows what I have. Alzheimers or, you know. >> Well that's maybe why you should figure that out, right? Why don't you just sequence your DNA? But, what was the question again? I'm sorry, I forgot. >> So I use your marketplace, and I instruct the service provider to put the DNA. How does the tokens work? >> Oh yes, so the token is OMX token. So, per transaction there is kind of like the token economics that actually has, is kind of like being managed. For example, you donate your DNA to a research lab, you get a certain amount of OMX, and each OMX is going to be worth, you know, some fraction to a varium. >> So some people might know 23 and me. >> Right. >> And do the mail-order kit, same thing. I think some other folks have, I think Ancestry.com does something similar. How do you guys differ from them? Just, decentralized, or they are centralized, obviously. >> They're very centralized, and there is also, there has been research going on, and that they even don't know what is going on, after they sequence your DNA, where that information is going, how is it being stored, so it is all, kind of like, company's property after it is... then you, kind of like, basically sign an agreement that you will give out all the authority to them, and they can do whatever they want to do with it. So basically you are on chain, and we are creating this economy of precision... so, we are promoting precision medicine, we're promoting advanced healthcare, and how we can tackle rare disease, for example, like cancer. We just kicked off, two projects, one in India, and one in Africa. So, we partner with EMQT, a not-for-profit organization, in Africa, in order to sequence 100 people that has Sickle Cell Disease. >> If I want to team the company, how big are you guys, what are you going to do with the funding, where's the product? Take us to a quick update on where you guys are at. >> Sure, we just actually, we had a shuffle in our management team after the ICO, obviously. Now we are moving towards the product development. So, we are hiring a lot of developers, we are working on product development. We are on our roadmap, and are on track. Obviously, we have initiation, re-initiated some of the partnerships, and some of the projects. We are on our marketing, get innovative, kind of like PR, strategy right now, and with a new team... >> And what's the PR strategy, you're in charge of that, is there an outreach, is it promoting the service provider, does it get the marketplace out there? >> It's everything, literally. So we are at the first thing, that our first pillar is the community. So, we want to have the community, you know, engaged in everything that we do. We keep updating them, we get them involved. That's what matters, you know, with us, and we have an organic, kind of like, community. We've already great support in Asia, in India, I mean all over the world, but we are like, very kind of like, you know, some industries favorite...market's favorite. >> Community's super important, well I love your mission. I'd love to keep in touch. It's getting loud in here, but I'd love to follow up with you guys. >> Yeah, obviously, thank you so much for your time. >> People, it's a great project, I mean, it's one of those things where this is a real example of de-centralization, where you can use your own information, and broker that for value. Be part of studies, I'd imagine. >> Exactly. >> Engage with community. >> And create an impact. >> Great, so thanks so much for coming out, appreciate it. It's The Cube coverage live, here, in Toronto, Ontario, for the Blockchain Futurist conference, John Furrier, day one, coverage. Thanks for watching. (digital music)

Published Date : Aug 16 2018

SUMMARY :

Brought to you by, The Cube. I'm John Furrier, your host. Before we get into it, talk about what you guys did So, we are sequencing DNA, and storing it on the How much did you guys raise? So we raised the 35 million. 15 seconds? given the climate at that time. and advanced technology, we can disrupt. for your own personal benefit, and/or value. So, I mean, right now, there are companies out there So, basically, after you sequence your DNA, and after that you sign up in order to sequence your DNA. The better the DNA, the more tokens you get? I don't think that there is a discussion I'm afraid you get my DNA sequence, Why don't you just sequence your DNA? and I instruct the service provider to put the DNA. and each OMX is going to be worth, you know, How do you guys differ from them? and we are creating this economy of precision... what are you going to do with the funding, So, we are hiring a lot of developers, So, we want to have the community, you know, but I'd love to follow up with you guys. de-centralization, where you can use your own information, for the Blockchain Futurist conference,

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Dan Fallon, Nutanix | AWS Public Sector Summit 2018


 

>> Live from Washington, DC, it's TheCube, covering AWS Public Sector Summit 2018, brought to you by Amazon Web Services and its ecosystem partners. >> Welcome to TheCube, Silicon Angle Media's Production here at the NWS Public Sector show in Washington DC, I'm Stu Miniman, my host for this week will also be Dave Vellante and John Furrier, doing a day-and-a-half worth of programming, I've covered lots of Amazon ecosystem shows, happy to welcome to the program first-time guest, and first-time on the program Dan Fallon, who's the director of Public Sector Systems Engineers at Nutanix, Dan, great to see ya. >> Thank you, Stu, happy to be here. >> Alright, so you know, you and I have known each other for a number of years. I've been at every .NEXT actually that Nutanix has has, really most of the time at Nutanix, you know, we're talking about people's data centers, but you know, we've been watching how Nutanix really went from, you know, that hyper-converged term that we through out, but now you know, the messaging is around Enterprise Cloud, the portfolio has definitely expanded, as have the partnerships. Give us, Dan, why Nutanix is at the show, and a little bit about your role at the company. >> Yeah, yeah. So, I lead our public sector technical groups systems engineering, so we have all our government business, state, local, and federal, rolled up into one group. So, local show for me in the DC area, and this is our second year attending the Public Sector Summit, so you know, last year it was after our Calm acquisition, we're really starting to step into the space of, I'd say, solving the cloud problem for organizations, and blending your on-prem environment into your public cloud. So, that was you know, kind of our focus last year when the marketing team and we kind of get together, and figure out what shows we're at, we're like "Let's do, you know, AWS", it was kind of a new one, we're like "Alright, we'll be good." I would say it was a hit last year, and then this year, you know, we made some additional acquisitions, and now it's at our large .NEXT conference, and really focusing on Beam and cost optimization. >> Dan, I remember back a couple of years ago, people would, you know, knock on Nutanix, they're like "Ah, they're just VDI, and really, they only work on the government sector." You know, it's like federal is like a big thing, cause they can get to a certain price point that, you know, some person can sign off on, and we're like "Um, government's pretty, you know, pretty impressive segment." You know, you look at this show, I hear we're expecting about 10,000 people, which is typical for these regional shows, but this is more than that, the Public Sector, so tell us a little bit about your customers, and love to hear you talk about what use cases they are, and how they think about cloud, and look at Amazon, and look at Nutanix and how that fits for them. >> Yeah, and I actually just heard from our director of marketing here that it's approaching 14,000, so they're blowing up the attendance. Yeah, and I mean, definitely government is unique, that's kind of why we have it divided into a vertical, and Nutanix was very early on in the federal, and unlike a lot of startup small companies, instead of running away from the additional security burden, the compliance requirements, the leadership, Dheeraj, leaned into it. They said "Alright, let's build out our federal team, let's go our and do common criteria compliance.", some certifications that cost a lot of money. So they really, you know, leaned into that, and helped the organization grow in federal, and that kind became our beach head, and then obviously Nutanix has just grown around the world since then, but across public sector, really a couple different verticals. They actually combined the government units about a year ago, now, so I'm getting more and more familiar with the state and local business, as well as the education, and you can kind of look at those as three separate verticals, and then my kind of background is federal, I've been here doing contracting consulting work for the federal government, and now Nutanix. So, they all kind of have a different spin. In the federal government, since we're in DC, start there first. Really big focus on data center optimization, and Cloud First mandates, so you know, I get into discussions, cause there's really a larger conversation to be had on, like, what is cloud. A lot of people see it as a destination, but really they have scorecards that they need to close, consolidate data centers, and part of that involves moving to the cloud, part of that involves just refactoring their on-prem, and you know, could be hyper-converged, just really getting to a better optimized state in their on-prem data centers. >> Yeah, and one thing I like is when you talk to customers, they don't get into these arguments over, like, "Well, what is a private cloud? How do I measure these public clouds?" They're like "Yes, I have a cloud strategy", and you're right, the government has certain, here's the criteria we need to follow, here's the services you can buy, you know, I'm sure they've got GSA contracts for lots of different things that they can buy off of, but Nutanix has a tool that you're talking about at the show called Beam, why don't you explain how that fits into helping customers understand, you know, what applications they put where, and how they manage their entire infrastructure. >> Yeah, and I think whenever I get into those conversations with cloud, I always like to understand "Alright, why cloud, why are you moving into cloud?", and a lot of times it is higher-level mandates, you know, that there's a presidential memo, there's a new, you know, so there are laws they have to follow in terms of optimization of the data center, but if you peel it back, there are, you know, agility, and getting rapid time to market, but the cost is a big thing, and a lot of times because of those mandates, the cost kind of has to be a second factor, and so it might end up being more expensive because they're not really taking that into consideration. Cause, they're being told to go, so when Nutanix launched Beam at .NEXT, I really see it as a very good play in the public sector space, because I hear agencies kind of get the bill after the fact, and then they have this shock of like "Well our budget for cloud spend this year is going to be eaten up in our first couple months, you know, based on this first bill." So, with Beam, we have a lot of governance and cost control, but also the budgeting aspect, which I think will be huge in government, cause they have a fixed budget, they're not as used to doing things opex, they're very capex minded, so the cloud spend, they kind of have to change how they're thinking, and beam gives them that budget analysis so they can say "Alright, I'm going to spend this much a month", and do the allocation and break it down. >> Yeah, it's funny, for people that don't work with the government, they always hear like "Oh, well they've spent, you know, $100 for a hammer, they're overspending", and on my career, I've worked with government, and you get the calls at the end of the quarter, which is like "Oh my gosh, I haven't actually used up my budget, and I better use it now or I won't get it next quarter, or next year", so, you know, cost absolutely a key concern. Maybe drill us in one down level as to, you know, what kind of things, how does Beam help them, you said understand, optimize what they have, as well as plan for the future. >> Yeah, yeah, so you know, Beam hooks into the public cloud providers, as well as your on-prem staff. There are a couple different views, we've already refactored it into the nice Nutanix UI, so that you have the same look and feel. But, you have a couple different views, you have the cost visibility view, so your spend per day, per month, per year, and then you have an analyze view. So, there's a spend efficiency view, so you can actually get a quick visualization of "Am I getting the best value out of my cloud contract?", and this is, you know, really common in government. They'll cut some type of ELA or longer-term contract, but if you're not using all those credits, or taking the best benefit, you're not getting your RLI. So the spend efficiency will help in that aspect. You know, Beam goes beyond just visibility, so you have ability to do one-click cost controls. So maybe, you know, change things from spot to reserve instances. You can also drill down into the sub-services, so "Oh, that's costing more than I thought, you know, is it my NAT service or my load balancer service, like which exact spot is taking all that cost?" And then, the budget allows you to build cost centers within your org. So, build out and you know, charge back is hit or miss in government, sometimes it's way up at the top of the command, but you know, we are seeing more and more orgs, and especially on the service provider and fed integrator side, you know, common scenario is government contract awarded to a fed integrator, and they build out a private cloud and need to do charge back. So that's another big aspect. >> Yeah, it's so funny. Remember, you know, just a few years ago it's like "Oh, public cloud, it's super easy and super cheap, and like well, when you actually dig into it, well it's different.", is I guess what they would say. Simple isn't necessarily what I would say, and cost depends on what you're doing with it and how you do it, so we talked a little bit about federal. You were telling me off camera that you were seeing a lot of SLED customers here. Give a little insight as to what are some of the concerns, what are some of the real things that, you know, that segment of public sector are looking for at this show in the ecosystem. >> Yeah, it's one reason we love doing this show, and it's a great spot that brings together, cause state and local is so regionalized, you know, 50 states and then all the different counties, and cities, and a lot of them attend here. I, you know, kind of just gotten into public sector when this show happened last year, and I met a lot of our SLED customers here for the first time, so you know, bring them all to one spot, which is rare in state and local, it's a lot more regional conferences. So, the challenge of staying local is because it's so regionalized, and then you really have four verticals within state and local, you have the state business, which kind of mirrors federal in more large enterprise. Some states are adopting Cloud First strategies, some states are kind of still figuring it out. So, some states are mirroring fed government, and they have this kind of Cloud First, and trying to figure out how to make that work. And then, at the local level, you have the county and cities, and they're very scattered on their approach. We have some significant size counties that are using Nutanix with things like CloudConnect to backup into AWS, and then I would say higher ed is probably the most forward leaning in terms of their cloud usage. A lot of higher ed pushing aggressively in the cloud. Actually, where I used to work, Maryland, University of Maryland, aggressive push there. So, they still have a lot of fragmented IT on-prem though, they have different orgs, business school, engineering school with their own kind of little IT fiefdoms, and then you have central IT trying to standardize and make more public cloud usage. So, they have a lot of the same challenges of a big enterprise, where they need to kind of get that visibility and cost control across, not only, the on-prem, but also as they move into public cloud. >> Yeah Dan, one of the things I've loved when I dig into, you know, whether it's the federal government or even the local government, how technology and IT are helping drive innovation. You know, we often think of, you know, you think about government, you know, just mired in bureaucracy, wonder if you have any, you know, customer stories you can share about, you know, fun and interesting things people are doing, you know, on top of the infrastructure transformational type of activities? >> Yeah, I mean, I think you know kind of the buzzword maybe of this year seems to be a lot around the IOT and machine learning, so it's still a lot in the pilot phases, but Nutanix, we announced Project Sherlock at .NEXT, so kind of our approach to really a PAS IOT at the edge, so PAS machine learning at the edge, and we actually just deployed our first customer on the commercial side a week ago. So, still early days, but I would say the interest at the state and local level is huge, you know, Smart City initiatives, self-driving car initiatives, and just the data is overwhelming. So, they're planning ahead, some of them are pretty far along, but there's obviously starts and stops on where these initiatives are going, but the amount of data, and it's all dispersed, and just how to get their arms around that, how to control that, and then in federal there's a lot of requests for machine learning out at the tactical edge, so we have our, you know, soldiers forward deployed, how do they take their imagery and analyze that, and not have to wait 24 hours for someone to come back from the main data center, and that's real lifesaving, game changing. For them to be able to analyze it right then and there, and also big in disaster relief scenarios, so you know, being able to analyze. I was talking to one customer we had at a CXR round table last week at our local .NEXT event, and they were talking about after the hurricanes in Puerto Rico, just how to analyze like, where's there even power, where's the water good, and overlaying all that on imagery. But, right now, that's like 15 different sources that they were trying to pull together into one system, so a lot of challenges like that, that people are trying to address. >> And I love that, Dan. I think you hit right on it. It's data at the center of it. How can I leverage it? How can I get new value out of it. I've talked to some government agencies that are like, you know "How do I transform how we do parking in a city? I have the data, the have some sensors, oh wait, we can actually make an app." Sometimes it's partnering with the commercial side and business, but other times it's government just driving these. Dan, want to give you the final word, you know, we're just kicking off the event, but you know, give us a final takeaway for Nutanix AWS here at Public Sector Summit, what you want the takeaways to be. >> Yeah, well I mean, we're here both days, I encourage everyone to stop by and talk to Nutanix, and really, Beam was just launched, so the great thing is it's our first SAS offering, which is obviously a mind shift for us, but you can demo it just by signing up. But, it's kind of you know, traditional where we've been in the infrastructure market, where we get customers that are like "Oh, I want to try it out", and you have to ship them a system, or they have to download software. Now, it's just "Oh, go sign up on the SAS offering", so I think that'll be a great new delivery vehicle for Nutanix, and I think as we kind of shape our ecosystem of not only different ways to consume with Xi Cloud Services, Beam being SAS, but also different capital models in terms of way the customers purchase. I think that's another big driver around cloud is how the finance side consumes IT, so I think it's great to see, you know, we're kind of expanding, blending into the AWS ecosystem as well, but tying it all together, so people can manage everything from one spot. >> Alright, well Dan Fallon, pleasure chatting with you this morning helping me kick things up, and absolutely, the diversity of technologies, the how we are going to purchase things changing quite a lot, everything from, you know, modernizing our data center to SAS application. You know, I remember at .NEXT I said "Modernize the platform, then we can modernize the applications on top of it", so working through its customers through changes. Alright we have, just like Dan said, day-and-a-half work of coverage here on TheCube, of course, check TheCube dot net for all the recordings, as well as all the shows we'll be at. I'm Stu Miniman, and thanks so much for watching TheCube. (techno music)

Published Date : Jun 20 2018

SUMMARY :

brought to you by Amazon Web Services and first-time on the program Dan Fallon, that we through out, but now you know, and then this year, you know, we made and love to hear you talk and Cloud First mandates, so you know, the services you can buy, there's a new, you know, so there are laws and you get the calls at the end and fed integrator side, you know, of the real things that, you know, for the first time, so you know, You know, we often think of, you know, in disaster relief scenarios, so you know, but you know, give us a final takeaway But, it's kind of you know, traditional from, you know, modernizing our

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Jeremy Gardner & Genevieve Roch Decter | Blockchain Week NYC 2018


 

from New York it's the cube covering blockchain week now here's John furry hello everyone welcome back to this special cube exclusive on the water coverage of the awesome cryptocurrency event going on this week blockchain week New York City D central Anthony do re oh seven a big special event launching some great killer products me up to cube alumni that we introduced at polycon 2018 Genevieve Dec Monroe and Jeromy Gartner great to see you guys thanks for having us so you guys look fabulous you look beautiful you're smart we're on a boat we're partying it feels like Prague it feels like prom feels like we are at the top of another bubble couldn't feel better five more boat parties and then the bubbles officially at the top but we're only had the first boat party well the real existential question is what do we view next you know we've we've graduated from nightclubs and strip clubs and now two super yachts like do we go on a spaceship neck's or a Boeing Jets yeah I mean the options are somewhat limited in how we scale up the crypto parties I actually heard today one of my clients is launching in space a crypto mining operation that's fueled by solar power so we might be going to space Elon Musk wants to get involved I agree like where are we going you guys are awesome I love the creative so this party to me is really a testament of the community talk about the community I see polycon was great in Puerto Rico they had restart week and that but I heard these guys saying here at the central that the community's fragmented is the community fragmented seems like it's not out there or just only one pocket of the community I think the community so we have 10,000 people at consensus okay so these are 10,000 people that have gone down the rabbit hole and they're all at the Hilton in midtown Manhattan kind of going like how'd you get involved why are you here 10,000 people is a lot but I think that yeah we're we're at the decentral party so some of the yeast communities are being fragmented but I think we're having like infrastructure built to kind of connect the broader world to the things whether it's custodial services whether it's like tonight the jocks 2.0 wallet and you know everything that's getting involved there I don't know Jeremy Jeremy it's like an international traveler so you Carly Jeremy it's 100 percent in an echo chamber more importantly rabbit holes are like dark and confusing places that there are they're winding and a lot of people are here for very different reasons and thus when you have all these new entrants to the industry to this technology here for all these different reasons of course you have some fragmentation you know in many regards the ideological and philosophical roots of Bitcoin and blotchy technology have been lost son on many of the new entrants and and so it takes time to get to the point where we're all winding I think different blockchains and different applications of this technology will have different kind of approaches to how people think about investors always gonna be pragma because this is a massively growing industry that touches upon every kind of business and governmental and non-governmental it's actually fragmentation is a relative chairman is Genevieve you I saw you and you guys are working with things from cannabis coin I think you had to cannabis cabin this week in New Yorker yeah we're doing that tomorrow night actually so crypto and cannabis are two the hottest millennial sectors right and so we kind of like to say Agri capital we like to dance on the edge of chaos I actually found out about a cannabis company in Vancouver so just outside Vancouver that is using a crypto mining operation and all the excess heat that is coming off that to power a grow-op so we're literally at the intersection of crypto and cannabis not just for our handling money but handling energy in a different way which is so fast that's real mission impact investing right there you know using energy to grow weed that's the Seidel impact isn't it good bad I mean even as you look at it you know better cannabis healthy cannabis is a mission people look care about we're helping people's wallets and we're helping people's minds right in like ways that the government banks and pharmaceutical companies are fighting against so you know if you can't beat them join them so I welcome Astra Zeneca and the Bank of Canada to come on board our mission this is specially turning into a cube after dark episode Jeremy I gotta get your thoughts on these industries because look at cannabis we joke about it but that's an example of another market this zilean markets that are coming online that are gonna be impacted so fragmentation is a relative terms but hey look at it I mean energy tech is infrastructure tech and solid that's what I'm concerned about who nails the infrastructure for network effects and what's the instrumentation for that that's the number one question that is essential question for the protocols whether it's Theory amore Bitcoin oreos Definity so forth the protocol that provides the strongest and and most adaptable and infrastructure and foundational technology is going to be one of the main ones are those will be the main winners and so the names I mentioned they're up there they're very competitive but it's anybody's game right now I think any blockchain can come along right now and be the winner a decade from now and for entrepreneurs represents a challenge because you have to figure out what blocks came to go build on this is why I am big on investing in interoperable Ledger's technologies that enable the kind of transfer smart contracts and crypto assets between blockchains it's a great great segue let's just get an update since we last talked what are you working on what are you investing in what's new in your world share the update on strangers so now my fund is officially launched where how much we launched with just over 15 million dollars and amazingly we launched at the perfect time we're already up 55% and we got making an investment for a venture fund we actually did the exact WA T investment which transferred over from my personal investment portfolio but doing great I have really run the gamut in terms of investments we're making on the equity side of things and in crypto assets but what we're seeing is really accomplished entrepreneurs coming to this space continue actually more optimism than I had felt at polygon poly car and I was like this market needs to correct in a real way today I think that Corrections been prolonged if we were gonna feel a lot of pain it was gonna be two months ago but instead I think it's gonna be one to three years before the market goes through the correction that we need to see for the real shakeout to happen because so many of these teams that I think are garbage have so much money yeah and they're just floating around they got has worked their way out it's just like a bad burrito at some point it's got a pass Genevieve what are you working on I'll see you've got grit capital what's the update on your end what's new yeah amazing actually literally tonight probably about 60 minutes ago my business partner and I signed one of the fastest-growing exchanges in Canada called Einstein exchanges of quiet so these guys have only ever raised like one and a half million u.s. and they're the biggest exchange in Canada by sign ups active accounts so they're probably doing like almost a hundred million in top-line transaction volumes and they're probably never going public somebody's probably gonna buy them but we're gonna be marketing them across the country getting customers I mean the tagline is it doesn't take I'm Stein to open an account it shouldn't take n Stein it by Bitcoin you can literally get this account set up in under 60 seconds so they're vampires ease-of-use surety reducing the steps it takes to do it and get it up and running fast absolutely like my dad could do it and like alright so we say now follow you on Instagram and Facebook which is phenomenal by the way I got a great lifestyle what's the coolest thing you've done since we last talked to Polycom Wow polycon was kind of a high really peaked and then everyone got sick like our team got said polymath untraceable cuz everybody just got the flu yeah we were like on adrenaline and we kept going ah what's the coolest thing that we've done since then I think it's signing up like cool companies like Einstein we also signed a big cannabis company in Colombia called Chiron they're about to go public I don't know Cole what do you think I don't know maybe what's the coolest thing you've done travel what's your good so last night Jeremy and I just met we're together on a blockchain Research Institute project that Sonova Financial is backing and meeting him so you guys working together on a special project right now how's that going what's that about JCO which is a new sort of financial services firm they're creating what it could effectively be understood as a compliant coin offering that is available to more than just accredited investors and that's they're making ico something that falls within the pre-existing regulatory framework and also accessible to your average Joe which I think it's really important if we're going to follow the initial vision for both blockchain technology and offerings all right final question I know you guys want to get back to your dancing and schmoozing networking doing big deals having fun what is blockchain New York we call about we could pop chain we here in New York what the hell's happening there's been a lot of events what's your guy's assessment of you observed and saw anything can you share for the people who didn't make it to New York or not online reading all the action what's happened so as someone that did not attend consensus spoke at three other events or speaking at three other events I can say with certainty that the New York box chain week has been about bringing together virtually everyone in the industry to connect and kind of catch up with one another which is really important we we don't have that many events Miami was too short the industry's gotten too big but having a full week of activities in New York City has enabled me to kind of foster relationships are oh I yeah man get a lot of work John well I've gotten so much work done I haven't had to actually be a date conferences to reconnect with just about everyone that I want to industry that's really special Genevieve what is your observation what have you observed share some in anecdote some insight on what happened this week I know fluid he started I saw Bilt's I was just chatting with him about it it was started in over the weekend it's gone up and we're now into Thursday tomorrow coming up well I don't think it's a coincidence that Goldman Sachs came out today and said that they were launching some sort of digital currency marketing yeah exactly using the power of the 10,000 people i consensus but yeah i know i agree with what jeremy says it's not really about being at consensus it's about what happens like behind closed doors it's all these decentralized parties that are happening yeah open doors but like it's you know like we hosted a core capital asset we had a hundred people in a suite at the dream hotel and it was just like you put the biggest CEOs of the mining companies in the world together and like put those with investors in a room it's like you know 100 people and that's where the deals happen it's not like in the big you know huge auditorium where like nobody looks at each other and everyone's on their phone well I gotta tell you how do we know we the Entrepreneurship side is booming so I totally love the entrepreneurial side check check check access to capital new kinds of business model stuff economics so we reported on all that to me the big story is Wall Street in New York City has been kind of stuck the products kind of like our old is antiquated like the financial products and like that's why Goldman's coming out they got nothing what they don't have anything what are they got so you see in a stagnant they got a traditional product approximately nothing really like new fresh so you got in comes crypto just do a crypto washer so I think I see the New York crowd going this is something that is exciting and we could product ties potentially so I don't think they know yet what that is but I think some of the things that are going on you guys I like I like so I my dad's always the kind of barometer to this whole thing and he's like when are they gonna come out with like a Salesforce stock column for the blockchain right like some sort of application that it doesn't matter if you're like illegal if you're like in investment banking like some sort of pervasive application that just goes wild you have that yet what is that happening Jeremy Jeremy did the date was it's the Netscape moment if you will the moment that blotching technology becomes tangible and now and in retrospect a few years out we may decide that's great for all the young browsers is a browser the original browse for the Internet that was that moment may have already happened we don't really know it maybe it been something like a theory a more augered you know something where there's a use case but people haven't wrapped their heads around it yet but if that hasn't happened yet it's coming it's where we're on the cusp of it because people know what bitcoin is they've heard of the blockchain it is part of the zeitgeist now and and that cultural relevance it's so important for having that Netscape moment Jeremy Jeremy thanks so much to spend the time here on the ground on the water for our special cube coverage of blockchain week new york city consensus you had all kinds of different events you had the crypto house where we were at tons of fluidity conference all this stuff going on good to see you guys you look great thanks for sharing the update here and the cube special coverage I'm John Faria thanks for watching Thanks

Published Date : May 21 2018

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Allan Rothstein, Decentralized Ventures | Blockchain Week NYC 2018


 

>> Announcer: From New York, it's theCUBE. Covering Blockchain Week. Now, here's John Furrier. >> Hello everyone and welcome back to theCUBE coverage here exclusively at the block party, at the Crypto-House's part of Blockchain Week in New York City, Blockchain New York. Also, Consensus 2018 is having a variety of other events. I'm here with Allan Rothstein, the co-founder of Strategic Coin, also managing partner at Decentralized Ventures. Hey welcome to this Cube conversation. Nights, night party here, exclusive event here in the East Village, thanks for joining me. >> Thank you, thank you for having me. >> So, co-founder of Strategic Coins doing some great work in the maturization of this sector. Still in the first in the half inning, bottom of the first, some would say but also Decentralized Ventures, which I love the name because what does it mean? I mean, it means crypto, token economics, block chain, brand new field. >> Exactly. >> Emerging very very fast. >> And it's global, so it's decentralized. Right now we're in Malta, but we're going all over the world, Estonia, other countries because that's where this market is going. >> So for the folks that don't really grock all that, how would you describe it to your friend that says Hey Allan, what is this all about? What is this decentralized tokens, ICOs, blockchain, bottom line me, what's going on? >> Blockchain is probably the first really global business model that is not controlled by anybody, by any single government, by any single company, by any single industry. It dis-intermediates all of these industries that are filled with middle-men and which prevent end users and peers from interacting with each other. >> I was told by some guy I was interviewing in Puerto Rico, you know the United States is the place where all the money went into because that's where the entrepreneurial energy was. And Europe was the entity that was slow, antiquated, all these rules, hard to make money, hard to be a capitalist. He goes: "now, the United States is turning into Europe." We are the new Europe in the US and all the money is going outside the US, into massively growing middle-class economies outside the United States. And the perfect storm is the crypto token economic model, where money is just running hard. Your thoughts on that comment and reaction. >> I think it's exactly right, and more importantly the road blocks being set up by the US government are not only sending the economics to other places in the world, they're actually sending the technologies to other places in the world. So I've lived in New York all of my life, I've been on Wall Street; the reason I'm setting up in Malta is exactly for that reason. Because it is very difficult to work in Blockchain and crypto here. We don't know what the definition is. The IRS says that cryptos are property. SEC says that they're securities. SFTC says they're commodities. The FED says they're currencies. So you have four different agencies claiming jurisdiction and you don't know who to report to. You don't know what the rules are. >> And all the service providers like law firms, and advisories, accountings, they all come to a screeching halt because they don't know what to say. They don't want to get sued. Entrepreneurs give up, that stifles innovation. >> It stifles innovation, but it, more importantly, it's really sending potentially the most important technology overseas. And you have other jurisdictions that are grabbing at it. You've got Bermuda, I work with the government in Malta, and they are setting up what they call Blockchain Island. They are setting up a crypto-friendly regime. This will be the first EU country with a full set of regulations. It's not that the regulations are easy but you know what the rules are. And at the moment, that's the only EU country that you know all the rules. >> As all these regulations, I mean GDPR is happening this month, I still think that's a shit show, in my opinion, but we'll see what happens there. This is, all these regulations, I get it, but I think that as the economy starts to go global, it's a competitive opportunity for our country and nation to be a digital nation and do it right. And also, people need advisory. What the hell is the playbook? You can't just go to the manual, there's no manual for this. There's no playbook. Strategic Coin, Decentralized Ventures, other leaders in the community on the finance side are pushing the envelope to try and lead by example. Because, as you just said, things are pretty much sideways from a regulatory standpoint. >> Yeah, that's exactly what we do. So at Strategic Coin, we help with jurisdiction. We help with the regulations, we try and direct companies to understand what they're dealing with. We do deep research for companies, we help them work on the corporate side, we really help them navigate some very difficult and choppy waters. >> What's the biggest challenge that companies have right now? Is it domicile, is it token economics? >> The biggest challenge is, there are two. One is regulation, knowing what the rules are. Second one is banking. Without regulation, bank will not allow companies who are getting funding from crypto to open accounts and accept funds. Once regulation is in place, the banks understand that they're no longer at risk of violating laws because they know what the laws are. So banking, in particular is a real issue around the world. >> What's the overseas outlook, obviously age is booming, there's been some, you know here sound here and there, shut it down, build it out, other countries are saying we're going to be the first global Wall Street, clearing out crypto, the Fiat, moving it around. This is all up in the air. Who's leading and who's not leading? >> Right now, obviously Malta's leading because of the first EU country with a full set of regulations that they've proposed. Singapore is looking to do this. South Korea is starting to now turn. They were looking to shut down exchanges and they're actually now starting to realize that they're just sending business and technology overseas. >> What's your story these days, what are you working on? What did you do last week? Did you fly to South Korea, I mean you traveling a lot? What kind of, what are you working on? What kind of things? Give me a little taste of how your life goes every day? What are some of the challenges, opportunities you're working on? >> Well, one of the challenges is trying to filter all of the business that is actually coming to us with Strategic Coin and with Decentralized Ventures. We can handle the business because we have a lot of the answers that people are looking for. >> So you need to hire people? >> We are continuing to hire people. What's important with Strategic Coin is that we're hiring Wall Street people. We're hiring veterans in the industry. Many of these companies out there now are 25 year old kids, mom and pops, who really don't even understand what they're looking at. >> You know, baseball, the old expression about a five tool player, what's the equivalent, crypto young gun that you look for? What are the attributes that you look for in a candidate that really can handle the pressure. I mean it's not pressure, it's really just more of the pace. You need smarts, you got to have energy, got to have integrity but also you got to push the envelope. >> They have to work about 35 hours a day. They have to have the capacity to really continue to learn very very quickly to understand, to take direction. And to really understand what this business looks like and where it's going. >> And good money making opportunities as well. >> There are tremendous money making opportunities as there are in any new industry, in any new technology. >> Before we came on camera, we were talking about your background, some of the things you've done entrepreneurially and also growth. What's your assessment of the current wave we're in? Compared, you seen many waves, of all the waves, compare and contrast order of magnitude, this wave versus other waves. >> What's interesting about this wave is there have been paradigm changes in industry, technology, and they've taken generations. So, an understanding of how that change happens, generally is from text books, you had the industrial revolution and first software revolution in these generations for people my age, or people in their 40's. You've seen the software revolution then you've seen the internet revolution and now you're seeing this, so you actually have experience in seeing how these play out. And that's part of the reason that this technology is moving so quickly. I know how it's going to go, I've seen how it's going because I was involved in the internet. >> Software economics, you've seen software economics before, you know what it looks like. >> I've seen software and I've seen internet. And with blockchain, we know blockchain is here, and we don't know what use it's going to be, we know a lot of these companies are going to fall by the wayside. We know a lot of these companies set up a mom and pop will disappear and we know a lot of these ICOs will be acquired by bigger ICOs who have more experience. >> Well you know, just to add two things to that list of awesome commentary is add in open source software and cloud computing and you got the perfect storm. On top of what you just said, that is the magic. Alright, so I got to ask you for the young people out there, what's your advise, or if you could talk to your 22 year old self right now, what would you say to yourself, walking into this new landscape that's exploding with opportunity, change in all theaters? >> That's a really good question. I would say to try and find mentors, learn from industry veterans, as opposed to setting up your own shop, setting up your own ICO, thinking you're going to raise 50 million dollars and you're going to conquer the world by the time you're 25. >> Allan, thanks for coming on to share. I know you had a big party, we're having a great time here. Thanks for taking a minute out of the networking and schmoozing and to come in and speak with us on theCUBE here in New York City. >> Thank you. >> Alright, I'm John Furrier, we're here at Blockchain Week, New York, of course theCUBE's continuing coverage. Go to siliconangle.com, thecube.net for all the videos. We'll be at Consensus 2018 all week. More coverage on Silicon Angle and thecube.net. I'm John Furrier, thanks for watching.

Published Date : May 18 2018

SUMMARY :

Announcer: From New York, it's theCUBE. here in the East Village, thanks for joining me. Still in the first in the half inning, all over the world, Estonia, other countries Blockchain is probably the first really global We are the new Europe in the US and all the money are not only sending the economics to other places And all the service providers like law firms, And at the moment, that's the only EU country are pushing the envelope to try and lead by example. on the corporate side, we really help them navigate So banking, in particular is a real issue around the world. What's the overseas outlook, obviously age is booming, because of the first EU country all of the business that is actually coming to us We are continuing to hire people. What are the attributes that you look for in a candidate And to really understand what this business looks like There are tremendous money making opportunities Compared, you seen many waves, of all the waves, And that's part of the reason before, you know what it looks like. We know a lot of these companies set up a mom and pop Alright, so I got to ask you for the young people out there, conquer the world by the time you're 25. and schmoozing and to come in and speak with us Go to siliconangle.com, thecube.net for all the videos.

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Andrew Prell, Convergence | Blockchain Week NYC 2018


 

>> Announcer: From New York, it's The Cube, covering Blockchain Week. Now, here's John Furrier. >> Hello everyone and welcome back, I'm John Furrier, co-host of The Cube. We're here on the ground, in the middle of all the action. Consensus 2018, I'm here with Andrew Prell, with Convergence. Cube alumni, we met in Puerto Rico, industry legend, veteran, been around, welcome back. >> Thank you, like to be here. >> So Convergence, you guys got a unique opportunity, we did a deep dive on YouTube, check Andrew Prell, Convergence, youtube.com/siliconangle, great video to watch from Puerto Rico. Quickly, one minute, explain what you guys do, and then we'll get into the new hot news. >> All right, so we're reimagining the whole video game space. We marry the consumer game industry to the out of home entertainment industry, into one operating layer, where all devices get to play against each other, in the same game space. Then we put our virtual currency on the Blockchain, to eliminate all the fraud and theft that happens when people try to convert their digital assets to actual cash. >> Okay, so what's the news real quick? Give us the update, what's going on, what's the update? >> Well see the update, we had initially named our token, back in September of 2014, while we're building everything out. We had named it Nano. Raiblocks, put it out on the Blockchain, just what a month ago, month and a half ago, as Nano, so we had to rename the token. So we announced, and we've already burnt them, put them on the Blockchain, they're in our wallets right now, on May the fourth, we announced our new token, as the Droid coin. So May the fourth be with you. (laughter) These are the Droids your looking for. So we have the Droid coin now in twenty different wallets ready to start deploying them as our white paper states. >> And you get the big momentum going on. Team updates, any new personnel, what's going on, what's the progress? >> Well the personnel actually, we just had a major event, called run for the unicorns, we had it in Louisville, Kentucky, derby week. And we took all the VIP's and press and that to the derby at the end of the week. It was a really great event. There's when we rolled out the coin, we had the team up on day two talking through all of it. It was really an awesome event then, we're now here at Consensus talking with Ledger. What they're doing right now really works well with our investment funds. 'Cause we did the, we talked last about the virtuous circle of a token based investment fund, and where we're breaking up ten funds allowing the VC's to have nine of them, and go up against the DOW on the Blockchain. Well the vault that the Ledger has, we're starting to walk through with them because we'll bring it to it's limits and it really seems like something awesome for, you know, just the whole Blockchain industry in general, in having that security at a industrial level or a institutional investor level. >> Andrew I would literally appreciate you coming back on. Real quick, what are you learning here at the show? What are doing, any business deals? Let's get the update on the ground here for you. >> On the ground here for me, we're actually have several major deals in the works that we're trying to close right now. If all goes well, by the end of this week, if not next, we will be done closing our funding rounds, period. And then from that point on, the only way you'll be able to get our tokens is to buy them from some of the startups that we're investing in, so. >> Great model. Check out our YouTube video with Andrew, deep dive, changing the gaming industry a whole nother level, really innovative solution and business model. And the tech underneath is all cutting edge. Andrew thanks for coming on The Cube again, giving us a quick update, I'm John Furrier here on the ground at Consensus 2018, in Manhattan at the Hilton Midtown for Blockchain week, New York City. >> But did we tell them where they can find our stuff? >> Go get, give the URL plug. >> Yeah, ico.silicanexus.com and fund.silicanexus.com that's where you can find all of our information on everything we're doing. >> All right, good luck with the progress, we'll be right back with more coverage after this break. >> Thank you.

Published Date : May 17 2018

SUMMARY :

Announcer: From New York, We're here on the ground, in the middle of all the action. we did a deep dive on YouTube, We marry the consumer game industry to the out of home Well see the update, we had initially named our token, And you get the big momentum going on. Well the personnel actually, we just had a major event, Let's get the update on the ground here for you. On the ground here for me, we're actually have several I'm John Furrier here on the ground at Consensus 2018, fund.silicanexus.com that's where you can find All right, good luck with the progress,

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Dan Bates, ImpactPPA | Blockchain Week NYC 2018


 

>> Narrator: From New York, it's theCUBE, covering Blockchain Week. Now, here's John Furrier. (digital music) >> Hello, everyone. Welcome back to theCUBE coverage here on the ground. Here in New York City for Consensus 2018, sold out event. This is the premiere show for the Crypto Blockchain world. It's part of Blockchain Week, New York City, #BlockchainweekNY, for New York. A lot of events going on. Everyone's here, a lot of breaking news. I'm here with CUBE alumni, Dan Bates, ImpactPPA. He was on with us in our show in Puerto Rico, at CoinAgenda. Dan, great to see you, thanks for comin' in. >> Thanks, John. Glad to be here. >> So, you've got some hard news. Tell us a little about the conversation we had about, couple weeks ago, in Puerto Rico. You got a great mission, renewable energy. You got a token. You've been busy. You got a concrete deal. You're doing business. You're not just saying it, you're doing it. >> Yeah, shocking. >> Take a minute. What's the hard news? >> All right, so we're really proud to announce today, that we signed a deal with the Indian government, which is essentially going to lift 50 million people out of poverty. Women. How they're going to do that is they're going to help restart their textile industry. It's called Harit Khadi. It's an old craft of India, spinning cotton into really high quality fabric. What they're going to do is they're going to put an energy efficient loom in a woman's home. It's going to be powered by our technology. And the whole process, all supply chain and payment will be managed by our token. >> Take a minute real quick, to explain the technology. I know it's recycling. We've done it before. But for this first, while we're going to get context for this big news, what's, real quickly, what do you guys do? >> We install renewable energy systems on rooftops. In this case, it'll be a rooftop. In many cases, it's large microgrids. So, we use wind and solar technology to drive to batteries. And then we allow people to pay for power on an as needed or pay a you go model. It's very much like what M-PESA does in Africa. We've de-centralized electricity. De-centralized M-PESA for electricity. >> You took an economics utility, great thing. By the way, state of California, where I live, just mandating all new construction have solar panels. Not sure they're going to tokenize it. They might be getting it all wrong. But, you do an amazing mission. Great technology. But I'm amazed by the real deals you're doing. You got a PO in hand, real business. >> Yes. >> Signed. >> Yes. Sealed and delivered. >> Yes. >> What is it? How much, what's goin' on? This is big news. >> Yeah, the purchase order that we have is going to represent one quarter of 1% of this project. It's designed to put 125,000 women to work. I can tell you the number has a lot of zeros on it. >> So there's real cash in the barrel? >> This is a nine-figure-- That's right. This is nine-figure purchase order, that we have out of them. It's a big deal. 100 million plus. >> Yeah, 100 million plus. >> Just as a POC. >> Just on the POC, yeah. What we're going to be doing is we're setting this deal up now. End of June, early July, we will doing the inauguration on the first textile facility in Kahana, which is a city in India. And Prime Minister Modi is slated to cut the ribbon, to set this project in motion. His goal, and the Minister of Small and Medium Enterprises, Minister Singh, whom I met with a couple of weeks ago, they are committed to bringing 50 million people out of poverty. >> So this is really high impact, in my opinion, pun intended. You got a ImpactPPA. You got a mission-driven organization, real problem, growing middle class, by the way, is coming fast and furious. >> Exploding. >> You're connecting energy with token economics. Real money's on the table. Real impact to people's lives, with democratization. In this case, it's not, but it could apply to any other thing. This is just one example. >> That's right. This is the largest, in my opinion, from my view, from my vantage point, this deal alone, the pilot actually, that quarter of 1%, is the largest commercial blockchain project in the world. I can't see of anything else that's even close, right now. >> The claim has been made. The largest commercial blockchain deal in the world done by Dan Bates, ImpactPPA. Congratulations. Great stuff. Great to have you on theCUBE. >> Thank you, John. >> We want to ask you now, shift gears to the event. You were out late last night, networking celebrating the success, doing more business. What are you doing here? Obviously, you're not done. It's the beginning of a big deal. There's only one deal. What other things you got goin' on? >> Oh, we got projects. We just signed a partnership with the Earth Day Network. They're responsible for launching Earth Day, 48 years ago. We've got a project with them, 50 by 50. We're going to be doing 50 installations around the world with our partnership by their 20th, or their 50th anniversary in 2020. We're here talking to protocols. We're here talking to strategic partners at Consensus. And it's an amazing show. The energy around here is just unbelievable. >> You know what I love about your project? And you know, we've talked before, but for the folks watching, you combine a mission-driven, high-need deal, electricity, with technology. I mean, it's.... If I'm a young person, I want to be in this business. How're you onboarding people? You guys are hiring? What kind of people are you hiring? >> Well, of course, we're looking for developers to help us with the token piece of it, the blockchain piece. We're also looking for guys who can help us get this thing to scale. That's going to be really critical. So we're talking to a whole bunch of guys around protocol to see who can bring on board, in this case, 125,000 people, like tomorrow. We're also looking for energy guys, engineering guys, because we've got projects all over the world. Don't forget, we're still doing those 42 cities in Haiti. Microgrids all up and down the West Coast of Haiti to help these people lift themselves out of darkness. We do that too. >> Dan, congratulations. You guys're doing great work. >> Thank you. >> I'm proud to know you, and I really believe in what you're doing. Thanks for doing it. >> Great. >> Appreciate it. >> Thank you very much, John. >> theCUBE coverage here in New York City. Big news. The largest commercial blockchain deal that we know of, that we've seen. If there's others out there, come challenge that and let's see it. Real offers being done. Dan Bates, ImpactPPA, CUBE coverage, here in New York at Consensus Blockchain Week. Be back with more, thanks for watching. (digital music)

Published Date : May 16 2018

SUMMARY :

(digital music) This is the premiere show for the Crypto Blockchain world. Glad to be here. You got a great mission, renewable energy. What's the hard news? is they're going to help restart their textile industry. Take a minute real quick, to explain the technology. to drive to batteries. Not sure they're going to tokenize it. Yes. This is big news. is going to represent one quarter of 1% of this project. This is a nine-figure-- And Prime Minister Modi is slated to cut the ribbon, You got a ImpactPPA. Real impact to people's lives, with democratization. This is the largest, in my opinion, Great to have you on theCUBE. It's the beginning of a big deal. We're going to be doing 50 installations around the world but for the folks watching, to help us with the token piece of it, You guys're doing great work. I'm proud to know you, that we know of, that we've seen.

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Richard Rofe, Arcadia Crypto Ventures | Blockchain Week NYC 2018


 

>> Voiceover: From New York, it's theCUBE, covering Blockchain Week. Now, here's John Furrier. >> Hello and welcome to exclusive CUBE coverage here in New York City for Blockchain Week, NY Blockchain Week New York City. CUBE's coverage continues with cryptocurrency, decentralized internet, the applications of blockchain. Our next guest is Richard Rofe, who's the co-found partner of Arcadia Crypto Ventures. Welcome to this CUBE conversation. >> Thanks, good to be here. >> So when you're in that neck of the woods, New York City, obviously Wall Street, you know, they traded across the wall in the old days, and then it became now the Wall Street, it's changing. We're seeing crypto and token economics really driving the entrepreneurial energy, both on start-ups, as well as in the capital market. And you guys are on the front end of that, with some awesome investments advisory. And what's the craze all about? I mean, you have more practical view, your firm, conservative and also aggressive. What's your take? >> Well, first off, I'm a little older than most of the guys in the space, so I have a different perspective. I did come from Wall Street prior to this, I ran a hedge fund for 12 years, and before that I was basically an entrepreneur my whole life, software and other things. So, I looked at this a little differently, than probably some of the younger guys do. I've kind of seen this before? I think I saw it with the internet. And I think it's a world-changing shift, and we're an early part of it. We've been in for a while, actually in this space forever. Cause, you know, this space isn't that old. So, six years out of 10, we've been in it from the beginning, basically. >> You know, us old guys look at the waves, these waves of innovation, we're like hanging ten on the old big surfboards, and the young kids are ninjaing up on the small board. What is the younger generation looking at? Cause they're certainly, I wish I was 20-something, this is the best wave I've seen in tech revolution coming, all the ingredients are there, the capital markets are changing radically, the technology product market is changing radically, the global landscape's changing radically, the regulatory landscape, and everything else, is a perfect storm for innovation. >> Rapid change, I got involved early around 2012, just to give you a, you know, since we're at a conference this week, and see how crowded and incredibly busy it is, takes up an entire giant hotel, and bursting into the street, when I, in 2012 when I went to the very first conference, that I attended anyway, you could fill a small room with every single person at the conference. So the growth has been insane. It is driven by younger people, but the beauty of this is it's driven by people all over the world. This is not just an American thing. This is a worldwide thing. This is a shift, a technology shift that I don't think we've seen since basically the advent of the internet itself. >> You know, there's an old expression, both sides of the table, you've been an entrepreneur, you've been an investor. A hedge fund is almost the third side of the table, it's like 3D chess almost, you are now playing in the crypto world. Being an entrepreneur, you've been there, done that, hedge fund you had to run money and make great investments. Now, with this new crypto phase, how are you looking at it? Because you have the experience, you can see the growth in the younger generation, new disruptive people literally just flying blind, just going crazy with some good stuff. How are you managing that? How do you look at the marketplace, how do you make your bets? >> Good question. It's difficult. First of all, the barrier to entry is low. At this time, anyone who understands technology is really getting involved, and for good reason, but therefore you have, hundreds and hundreds of deals that come your way on a weekly basis. So you have to really pick and choose through the ones that are interesting. And you apply the same techniques that you applied as an entrepreneur and an investor prior to that, you look at the underlying business, the area that the blockchain will disrupt, change, shift, how it will do it, how long it will last, and how many people will be interested in it. And if you find the ones that are attractive and interesting, then you find the team that's attractive and interesting. That's the big point, is that you really want to have a very good team, you care so much about their background, their technology background, as well as their business background. If you can put those things together, you have a winning investment, and then you try to do it. >> You and I were talking before you came on camera... crowd sales and Kickstarter, Gofundme, as great ways to get capital. But now there's really no liquidity there. Talk about the dynamics because I think, you know, traditional investors in this market say "hmm", and there's so much more coming that'll create more stability obviously. We see some of that, I'll get to that in a second. But I want to get your take on, from an investor standpoint, the notion of liquidity, and also an entrepenuer's standpoint, access to capital. Talk about the dynamics between access to capital and liquidity for the investors and for the entrepreneurs. >> Also great points. I mean, right now, we have something that is giving both things, right? Access to capital, worldwide access to capital, from the smallest investor to the biggest investor, everybody has an opportunity, where before it was really limited, and then you have liquidity in that if you have a token or a coin, that's tradable, whether it's on an exchange, or private trade, you can actually liquidify your investment. Where if you were in a private company in the past, and I've done many of those, you're locked in. You're kind of at the mercy of the organizers of the company, whoever they are, the people that run the business. And you're kind of stuck there, good or bad. In this case, you have the ability to trade in and out, just as you would with a public stock. >> So you can get some liquidity in the front end, while private still, so it's kind of like a little liquidity market. I want you to address a question that's come up, an observation that we've made on theCUBE. We were at the Bahamas at Polycon 18, Puerto Rico. Not in the US, is New York or New York City the capital, you know, of money, that's where money never sleeps, so to speak, Gordon Gekko would say, in the old Wall Street quote. But this is a global phenomenon. We're outside of the United States, there's a lot of action. Let's talk about the role of global money. >> Well, that's part of the excitement of the whole thing. It's not just the United States. It's all over the world, so it's really democratized investing, it's democratized finance, it's changing the landscape completely. And I think that it's unstoppable. I do think that regulation, and I know we talked about that earlier too, is a good thing. I think that regulation is necessary, because you can't just have a rogue environment completely, but on the other hand too much regulation kills things. So there has to be a happy medium and hopefully they'll find that. >> I love the invisible hand strategy, and certainly let capital take, but you want to have some signaling, SSC's been doing that. I just don't think it's stoppable in my opinion. But I want to go shift to where entrepreneurs are looking at the capital markets. Today the choices are bootstrap, friends and family, small sized business, cash flow business if you will, or go venture capital or private equity, if you have the kind of multiples that would warrant that, assuming the sector is in vogue at the moment. Which, you know, always a coin flip. Here, with token economics, there's a huge access to capital. Bubble we're seeing certainly is reflected in that. What are you looking for, when you see that kind of behavior? How do you manage the risk, how are entrepreneurs navigating that world? >> First of all, managing the risk, it's tough obviously. Especially as I mentioned earlier, there's so many deals coming at you at all times, so you have to choose wisely, that's the first way to manage risk. Always was the way to manage risk. People used to ask me in the hedge fund business, how do you manage your risk? Well, I only try to invest in the things that I think have the best upside, and the smallest downside, it was pretty simple. And it's the same here. It comes down to at the end of the day, what businesses are you choosing? The other thing is that, you know, first of all there's inherent risk. You can never get around that fact. But if you really believe in the long-term future, and you're willing to go through some ups and downs, and there are going to be, and there have been, as we know, over the past 10 years, and there will be more in the future. You have to be willing to ride those waves. And if you can do that, then I think your risk will just mitigate over time, as long as you're a smart, wise investor, and of course spreading it around. You don't want to be in, you know, all your eggs in one basket, then you'll take a giant risk. >> Yeah, it's one of those things where you don't want to zig when you should have zagged, with all this going on. It's certainly a turbulent landscape, I've heard phrases like, it's like wet cement, you don't know when it's going to form, all these kinds of phrases. So the question I want to ask you is, what do you look for? What are you looking at, what signals are you trying to synthesize, what's the tea leaves that you're reading, what're you looking at? What's concerning you, what are some tell signs that are going to help you navigate the investment side and advisory side? >> With regard to the entire space, we're looking very much at regulation, we want to know what the regulators want. I'm not sure they know what they want. We speak to them, we keep them pressed on the situation from our end, and we hear back from them on with their thinking. We'd like to see some regulation over time, but it's complicated because they don't even know what they're looking at yet. That's a big part of it. They're not sure how to regulate something that they don't understand. And there are very few people in this space, and this is one of the biggest risks. There are very few people that even do understand it, and are in this maze. >> I was telling an entrepreneur just here today, and then last week, it's in the Bay Area in California, they're more progressive than their suppliers, their law firm, and some of their accounting help. They're more progressive on the front end, they're actually advising the law firm on deals. >> And that has happened, that's happened with us, in fact we've recently put a structure together, where we taught the law firm how to do it, the law firm was impressed with it. They had to go study it, they spent a few weeks, and they came back and said "Hey, this is a great idea, we're going to do this with everybody else going forward." And that basically came from us backwards. >> Did they bill you for those hours, or did you charge them? >> Great question, I really hope not. I'm going to ask my partner if we got billed for anything. >> Rich, I want to ask about blockchain, we got to see Consensus 2018, it's happening here in New York, big event, part of CoinDesk too, they're doing a great job, content program's been solid. It's been super crowded, they need a bigger venue obviously, the demand was high and sold out. And I know there's a lot of side events going on, a lot of activity. What is your take away, what do you look this as saying? Is it like, wow, what's your take on the impact of the momentum? >> Well, first of all, as I mentioned before, I saw this thing with my own eyes, right, from a little tiny room in Las Vegas, was the entire conference, to what we saw today. With people in the streets who can't even get in, thousands and thousands of people in one hotel, which is probably not even cut out for that many. I think it's incredible, the momentum says a lot, by the way, talking about mitigating risk, there's not just so many people, there's so many smart people, that are figuring this out, one by one, and getting involved early. And that really gives me a lot of confidence, in terms of the long-term strategy. If this thing grew by, you know, two or three times, four or five times what I saw in 2012, I would not be nearly as excited. What I'm seeing here, this mass load of people, who are fighting to get into an event, right, into a venue, and the intelligence, and the kind of people they are, and how educated they are, it really gives me hope. And it reminds me, of early days in the internet, where we saw the super smartest people, kind of broke away from the crowd, did their own thing. We saw guys leaving traditional firms, going and starting companies, the Amazons, the Googles, the Facebooks, and things of that nature, which became the largest companies in the world. >> And there were problems there too. You had back-dating stock options, you had all these deals where revenue is revenue, and then accounting issues, but again all that is just a symptom of a growth market. Final question for you, when you look at what you guys are doing, and how you're investing, how you're getting involved in companies, you're also an advisor to Bloq which is having an event here in New York City. How are you navigating the hiring, the partnership, the community aspect, as in the financial community, like the entrepreneurial community, there's a tight-knit bond. How is it evolving, how are you guys shaping that, what are some of the things you can share around the financial community? >> Well, we do advisory work, so we work with a lot of different clients that want to get into the space. We work with some very traditional clients, that are not really technologists, and those are the most interesting ones. They're difficult, because they don't understand a lot of it, and I don't blame them, I come from that world too. So, we have to really hold their hand, and we deal with a lot of very smart tech people who come from a whole other, but don't know the business side so well, so we kind of work with both. In terms of our own hiring, and who we bring on to our company, we really look for a very unique person, which is, usually in this case a younger, because of the space itself, we look for everybody, but we don't find that many people my age and older, that even want to spend time, let alone understand it. >> Some smart kid "I don't want to work at Goldman Sachs, they're old." >> Listen, and again, we saw this in the internet, you could not get a smart kid out of college to get a regular job back in the Nineties. They were all going to Web startups. Kind of same thing here. So we have a great pool to choose from, we try to pick people that are on the cutting-edge, but that also want to work hard. Because, again, it's a start-up industry, right? So, think about the hours, you know, you're really going to put in a lot more than you would at a nine-to-five job. Your weekend, nights, you know, the phone, you're connected 24/7. But the hiring's been, uh, we have a staff of about six people, and I think they're great, but we do hand-pick them and it takes a while. >> Take a minute to explain what you guys do, how many investments you've made, you've been there early, the year 2012 you mentioned, early on. >> I started in 2012 in terms of in just the space itself, due to my friend Matt Roszac at Bloq, who was really early, a year ahead of me there, and he got me involved, but I didn't really start making serious investments. My first investment was in 2014, we invested in a settlement and clearing house company, that's now one of the fastest growing banks in the country, and then we got into some of the coins, and some of the platforms, that's where we invest the most, and a few deals here and there. And then we started to do advisory work, because let's face it, we knew what we were doing, we were ahead of the curve, we certainly understood it, and so many people want to get into something that they don't know, they're going to need someone to hold their hand all the way through. So, our advisory business is our main stable business, and then we invest into certain deals that we think are interesting, a lot of them are platforms. >> Yeah, and token economics is driving all that. Richard, thanks for coming on, appreciate taking the time to come on CUBE, I'm John Furrier, we're here at New York City for Blockchain Week New York, and this is theCUBE exclusively continuing coverage of the cryptocurrency craze, token economics, obviously blockchains enabling technology underneath it, and the whole new Internet infrastructure is transforming with cloud, everything behind it's really exciting. Thanks for watching.

Published Date : May 16 2018

SUMMARY :

it's theCUBE, covering Blockchain Week. decentralized internet, the applications of blockchain. And you guys are on the front end of the guys in the space, so I have a different perspective. What is the younger generation looking at? and bursting into the street, when I, you can see the growth in the younger generation, That's the big point, is that you really want and liquidity for the investors and for the entrepreneurs. from the smallest investor to the biggest investor, I want you to address a question that's come up, Well, that's part of the excitement of the whole thing. if you have the kind of multiples that would warrant that, and the smallest downside, it was pretty simple. So the question I want to ask you is, what do you look for? on the situation from our end, They're more progressive on the front end, the law firm was impressed with it. I'm going to ask my partner if we got billed for anything. on the impact of the momentum? and the kind of people they are, How are you navigating the hiring, the partnership, because of the space itself, we look for everybody, Some smart kid "I don't want to work at Goldman Sachs, But the hiring's been, uh, we have a staff the year 2012 you mentioned, early on. and some of the platforms, that's where we invest the most, and the whole new Internet infrastructure is transforming

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Erica Kochi & Mike Walker | Red Hat Summit 2018


 

live from San Francisco it's the cube covering Red Hat summit 2018 brought to you by Red Hat okay welcome back everyone would live here in San Francisco California the Moscone West for the cubes exclusive coverage of Red Hat summit 2018 I'm John for the co-host of the cube was my closest week analyst John Troy a co-founder of tech reckoning advisory and Community Development firm our next two guests is erica kochi co-founder of unicef innovation the United Nations Children's Fund and Mike Walker director of open innovation labs at Red Hat welcome to the cube thanks for coming joining us thanks love this story so Erica take a minute to talk about what you're working on at UNICEF you guys doing a lot of great stuff you got the relationship with Red Hat innovation labs but you doing some pretty amazing things take them into explain what you're doing at UNICEF some of the projects and what we're going to talk about here with the school and the magic fox all the greatness sure so UNICEF innovation essentially what we do is take technology and apply it to the problems facing children around the world and we do that in a variety of ways I think the things that we're probably most most known for is our work in mobile technology to connect frontline health workers and young people to to governments and have let them have a say in what's happening in in you know the halls of government and we have a program called you report which has five million young people from all over the world who are talking directly to their government representatives they need that now more than ever we certainly do yeah so open source obviously with red hat big shared vision talk about the shared mission like what's going on but there where's the connection I was the open source was great for society we've seen the benefits all around the world how is this translating for you guys yeah so I've been at Red Hat for a while and obviously we're the world's largest open source enterprise open source software company and I as a consultant been able to see Red Hat open source software used for many different purposes in every vertical you can think of but this one was really unique because we found a natural partnership I think between some of UNICEF innovations vision to use open source and open principles for maximum impact for good and so when I learned about innovation at UNICEF really by chance I just ran into a colleague at a meeting in New York and and she gave me a few words about it I said this is incredible because we can leverage all of what we learned at Red Hat our knowledge of open source to impact people and culture and not just for technical reasons and and partnered with UNICEF to make maximum social impact for children that need it most and you got red house key a technology company a lot of smart people there but with open source there's been a DNA in your bloodstream of the company around democratization and now we're out in the open with everyone online and everything's good this is a democratization piece talk about some of that the things that you guys are doing with red hat what specifically are you celebrating together here so we had a great collaboration with with Red Hat there at their labs program which really took a look at our challenge of using big data to read or understand what's happening on the ground especially in schools in countries that are either coming out of emergencies or have limited access to a lot of the parts of the country and so we layered satellite imagery information on poverty other sets of data you can really get a clear picture about where we should be allocating our resources and how we should be planning for emergencies and this collaboration just just finished up a couple days ago right and it's really been great what's some of the impact give an example of some of the use cases so actually saving time money will be things around yeah what what are some of the impact things that you see with this project what are some of the things a lot of countries right now are thinking about how they can connect all of their schools and make sure all of it their schools are online and give children this access to information that's really essential to to thrive in the world of today and tomorrow and if you don't know where your schools are and you don't know if they're connected or not and you can't see you know what else is happening it's in the socio-economic way in those areas it's really hard to figure out what to do and where to start so we're really just at the beginning of that process to try to connect every school in the world and we're at the moment we're trying to lay the groundwork to understand where we're at and where we need a level of insight you're providing once you connect the schools you can get people can know what to do and how to align with what's happening it's interesting I was just in Puerto Rico a couple weeks ago and the young kids there have self formed their own blockchain network between the schools and they're teaching themselves how to program because they recognize that to get out of their world and the mess that they're challenging through now post-hurricane they want to participate in the new economy so as someone not knowing that if I know I could help you're kind of providing a window into that kind of dynamic where is that kind of the use case is that how it's working so it's but participation and contribution is absolutely participation is key you know for young people and they need to it like really learn how to acquire the skills that they're gonna need to you know become successful productive adults in the future and school is you know one of the entry points to do that so that's really important and everyone loves that - yeah I'm kind of curious about the structure of the project today in the keynote you know Jim why does she start us off by saying well you know we can't plan everything we've got to be a little bit more agile here's a framework for how to how to really approach problems when we really don't know what the outcome or even what we're gonna hit so can you talk a little bit maybe about the structure of the of the process and did you know did you start with a blank piece of paper or do you know how did how did you figure out the pathway to the ultimate outcome here yeah I can take it first um that's a great question because at labs we experiment with ways to get fast feedback and really in a very short amount of time usually one to three months and a very limited amount of funds how can we make maximum impact using open technologies and open practices so the project was already in progress like most IT projects are right Gardi been some research we have data scientists to work with and one of the first things we did was really talk about really our concerns and fears about how we might work together using an exercise called how might we we kind of came together and said how might we solve this problem or that problem and just got it out on the table one of the aspects that I think work really is dedicating a small team in a residency style engagement where we worked off premise so Red Hatters left their office UNICEF folks left their office we came together in akola works based in New York City that was fairly convenient and you know we all focused on a tough problem and we decided really early on that in order to make sure that this problem actually would be usable and in the hands of end users in the field across the world we needed to get face to face so we made a trip to Latin America to work with a UNICEF field office to get fast feet up feedback on prototypes and that helped us adjust what we ended up shipping as the product at the end of the two months cycle Erika how was the outcome for you and your game it's great I think you know one of the things that really aligns RedHat and UNICEF is not just a commitment to open source and the values around that but also this agile methodology I think that you know to really move something a product forward or sort of a program forward you need to step away from the daily part of life you know and move away from the the email and the connection to the laptop and the phone and I think we were able to do that I also think that you need to ground truth things and so that you know that trip to the field and to really understand the context and the problems that that people are facing is is completely critical to success and that's like agile programming you kind of gotta get get out in the front lines not ask about the data I'm really intrigued so you got multiple data sources coming in love the satellite thing you're changing lives but you're saving lives too is your talk about you may name real-time efforts here what's the data science thing what's the tech behind I mean is it ingesting data as a third party data Z how does it work I mean can you share some some of the mechanics on the date of data science piece er yeah I think there's probably a lot we can talk about I could talk about data all day love data but some of the things that I think were fundamentally really exciting about this project and about what UNICEF innovation has done so let's take for example Facebook they have a whole lot of data but that's one company and it's sort of one lens to the world right it's it's quite broad and we get a lot of information but it's one company what UNICEF innovation has done is found ways to partner with private and public companies and private and public data sources in a way that maintains the security and integrity of that data so that it's not exposing proprietary information but they've been able to create those that community essentially that's willing to share information to solve a really tough challenge for social good and so we have actually a really wide variety of data at our disposal and our job was to create a sandbox that allow data scientists to really both proactively plan for things that might happen and reactively plan when events occur when we don't even know what that event might be so you know I like to think back to Jim Whitehurst's speech last year at summit where I said planning is dead we've got to try learn and modify I think that's exactly what we aim to build a platform that you know hasn't been planned for any one event or action but provides the flexibility for data scientists to try experiment pull different data together learn from it sharing Maps we integrated geospatial data and maps to be able to pass this along quickly and then modify based on the results so we can more quickly achieve something with the greatest impact that's awesome yeah so for example if you take you know you take like for example epidemics right so many factors are so many different types of data are needed to really understand what's happening in an epidemic for example take Zika you have temperature right mosquitos only breed at a certain at a certain temperature you have poverty or which really indicates standing water where mosquitoes can breed you have socioeconomic factors so it does the house more likely does it have mosquito screens or not and then you have the social right what are people talking about what are they concerned about and I think like a really interesting picture emerges when you can start to layer all of these kinds of data and that really helps us see where we should be focusing it's great discovery information using the data to drive kind of we're to look at and we're to focus efforts exactly and also a global footprint right and in previous decades maybe this would have run on a piece with some sort of a proprietary GIS thing or or yeah I'm not even sure right you chip around discs maybe but I mean not not to be too product oriented right built on OpenShift we've seen a whole lot this week right these global footprint you could take it live on any cloud I assume that's a piece of it right at global accessibility now for they out for the the resulting application absolutely and we want to take you know what we've done in one scenario and apply it to many others in many other locations and so being an open source is key for this because we wouldn't be able to do this in other locations are replicated just as easily handed to local folks have them an adapted and/or take it further or have other people work on it whether it's academics other companies us nice I love the structure like how its agile I got a Eric I ought to ask you about this because we're seeing a big trend with open source obviously that's well on its way to becoming it is the standard of doing software but mission driven technology activities aren't just nonprofits anymore you starting to see collaboration the JOBS Act that Obama put in place really set the table for new kind of funding so you've seen a lot more younger people coming in and saying hey you know what I can build it on the cloud and grants aware but the code gets live on right so you seeing a new flywheel around mission driven nonprofits and for-profits a new kind of entrepreneurship culture can you share insight into how this is developer you see a lot of it you have a lot of thoughts on this your them please so I think that you know as technology companies become so much more influential in our lives you know they're not just showing you the news anymore they were they're moving into every aspect of our lives whether it's in our into our homes or even inside our bodies that they're they're occupying as so much more influential role in an individual's life with that comes a tremendous amount of responsibility and I think that while it's not enough to say you should do good because it's the right thing to do I think that employees also really demand it I think that you know and that shift will occur because employees realize that they want to they want to be doing good in the world and if they're gonna be influencing so many people's lives that's really really it's a new citizenship model for the younger generations early Millennials want to work in a company that's not just the profit hungar motive but also there's some dynamics going on with the infrastructure world you look at Facebook as a classic example you know the word weaponizing content has been a bad thing but we've been talking about in the queue there's actually a reverse of that polar opposite which is you can weaponize content for good meaning that all the same principles that do bad things can be used for good things so this is where we started to see a lot more people saying hey let's do more of the fad and punish so the new kind of rules are developing in the society so I find it fascinating and I'm just curious is this known within the societal entrepreneurship culture or what's the what's your view on how to do more how to do better I'm doing a lot of work in what AI is gonna be meaning what's what it's gonna mean for children in the world and you know there are so many opportunities we've been talking about some of them but there are also a lot of risks right what does it mean when your child's best friend is a robot what does that change about our us us you know as human beings and so I think it's you know you have to look at both sides and you have to be very conscious about designing the technology that you want to see in the world that's gonna make the world a good place to live in and I think that there definitely is an awakening and that's going and there's a lot this is a first generation set of problems that social entrepreneurship brings a just society I mean who sets the policy which side of the road the cars drive on or you know there's these new issues that are evolving that I've never been seen before you know cyber bullying - all kinds of things happening so congratulations on all those success so what's the forecast for Red Hat innovation has more of this gonna continue double down on it what are the things do you guys have going on yeah so Labs is growing quite largely we are now live in North America amia and a pack with plans to expand extend to Latin in the future and we're growing quite quickly in terms of our ability to execute I guess you know the labs team is relatively small a small number of specialists but we are all of RedHat so the way we operate is based on what we're trying to achieve together we will look at all of red hat and sometimes even outside of red hat to figure out who we can bring to the table to help solve that problem and so it allows me to work with our engineering with our business units even with our marketing so we brought marketing in to the first meeting not simply because we're creating a marketing event but we realized we need to advertise internally and externally what we build in order to gain adoption it's part of building a community and what I have found is because Labs has an injective that goes beyond you know simply a technological objective we're aiming to change ways of working and to change culture it's really easy to build a lot of interest and adoption among all Red Hatters to bring them together to solve a tough problem a really an interesting facet a lot about labs I know you do these pop-up labs and I think this was what you know you don't make necessarily make people come to you you son can come to them but I think like you said it's important to get outside your your office and your day-to-day for these focused projects you talked a little bit about your approach to yeah so we've learned a lot you know Labs is almost exactly two years old I think we launched in April of 2016 at OpenStack summit and one thing we learned is you know the world is a big place and we can't necessarily have a physical lab location everywhere so we do have first-class facilities in Boston Singapore in London but I would say the large majority of the work efforts we've done to date have been in what we call pop-up labs and what that allows us to do is create that immersion and focus on a tough challenge by getting people out of the office but also provide the ability to go home at the end of the day and have dinner at your home which a lot of people enjoy and from the red head perspective we've got a lot of folks used to travel so we can make that happen meet in the middle and and it's been a good hybrid approach that we end up doing more and more great stuff here actually is my final question for then to take from Jim Whitehouse keynote today how is blockchain changing this open for good economics that's absolutely right and I mean Erika you might want to weigh in as well but I think I love blockchain first of all I love math and I love the science behind it but I love the fact that it was developed in the open it was debated in the open it's radically transparent you can see all of the transactions of anyone in the chain and it's being used in ways that no one ever dreamed of I mean it was meant for a universal currency but you know think about this we might be able to use it as a token system so that we can actually ensure that humanitarian efforts that are done are actually recognized by people that they may not otherwise have funds right someone with very little money can still use so perhaps takers making sure the money gets put to use absolutely and endpoints we have accountability you know we're using it to exchange electronic health records securely and privately with the people that need them and only the people that need them so I don't know where blockchain will be in five years but I am optimistic that I think the mathematics and the fundamental is a blockchain or sound and I think more than anything it's the community that will drive new applications of blockchain and really define and answer that question for you well I know we'll be in New York next week with blockchain for consensus of ennum there's a lot of ents going on we've seen wealthy entrepreneurs donating Bitcoin and aetherium there's a really great project so and a lot of young people love the blockchain and crypto so who knows got to be on that labs we're definitely look you know looking into it and we have a couple experiments around the world that range from trying to do some smart contracts you know in in country environments to taking donations in in blockchain armies Arion cryptocurrencies I think that there are a lot of exciting applications for it in this due to do good space I also think that there's a tremendous amount of hype and you know you really have to ask yourself the key question of like does this need a central trusted Authority or is there one that exists that already is great um and do we need to record every transaction if you can answer those two questions then the other baby going somewhere well great point the other thing I would answer that agree hundred percent and that is is that blockchain and crypto our token economic certainty not the ico scams but is an efficiency heat-seeking missile it it targets efficiencies where there's inefficiencies announced where I see a lot of the action going on and you know efforts and for good are highly inefficient yeah so hey you knows well we'd love blockchain as you can tell we talk about all day long smart contracts token economics thanks for coming on and congratulations on your project thank you you're good to stuff their cube coverage here day two of three days live coverage here in San Francisco the Red Hat summit 2018 moved back after this short break stay with us

Published Date : May 9 2018

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Adrian Scott, DecentBet | Cube Conversation


 

(bright music) >> Hello everyone, welcome to a special Cube Conversation here, in the Palo Alto studios, for theCUBE, I'm John Furrier, the founder of SiliconeANGLE Media and theCUBE, and cohost of theCUBE. My next guest is Adrian Scott, who is the CEO of Soma Capital and Head of Technology of decent.bet. You can get the idea of that going to be all about, but, industry legend-- >> Yeah. >> Star of the big screen, good to see you, thanks for comin' in. >> Thank you John, it's great to see you. >> I'm glad I wanted to talk to you, because I know you've been doing a lot of traveling, you've been living in Panama, and overseas, outside the US, mainly around the work you've been doing on the crypto side, obviously Blockchain and with the start of decent.bet, lot of great stuff, but congratulations on a successful initial coin offering! >> Thank you. >> Great stuff, but you're also notable in the industry, initial investor in Napster, our generation, first P2P, the first renegade, you know, break down the movie business, but the beginning of what we're now seeing as that decentralized revolution. But you've seen many waves of innovation. You've seen 'em come and go. But this one in particular, Blockchain, decentralized internet, decentralized applications, crypto. Pretty awesome, and lot of young guns are coming in, a lot of older, experienced, alpha entrepreneurs are coming in like yourself, and, we're lookin' at it too. What's your take on it? I mean, how do you talk people that are like, "Well, hey, this is just a scam on the ICS site, "is this real, is it a bubble?" Share your vision on what this is all about, this whole mega-trend, crypto, decentralized. >> And I'll also add, in addition to what you mentioned, the other neat thing here is just the global nature of it. Because we're so used to being Silicon Valley-centric, and having to dig around for funding here, and also, looking only at talent that would move here, whereas with this whole new industry, it's very global, there's global teams, international teams, and, some of the Silicon Valley folks are just struggling to stay relevant, and stay in the game, so that's a fascinating aspect to this new revolution as well. >> And also, the thing I love about this market, it's very efficient, it takes away inefficiencies, in venture capital right now, and private equity being disrupted, that's where the arbitrage is, hence the ICO bubble, but, there is real, legit opportunities, you have Soma Capital, you're an investment fund, that you're doing token investments on. The global nature is interesting, I want to just ask here about this, because, my view is, it changes valuation, it changes valuation mechanisms, it changes the makeup of the venture architecture, it makes up on how people recruit teams, the technology used, and with open source, I mean, this is a first-time view at a new landscape. You can't take a pattern match, model, to this, your thoughts. >> Agree completely, and the efficiency you mentioned, applied to teams, and surfacing engineering talent, and the mathematical minds that can handle crypto internationally, the formation of teams internationally online is actually something special as well, so, with Decent Bet, our team, our founding team includes folks from the US, Panama, Australia, as well, who met up, in a Facebook chat group! And that's how they initially connected, and they didn't know each other physically, before this connection online, and that led to this project, Decent Bet, and ICO, and so on. So it's-- >> You created value from essentially a digital workforce, but, I mean, it reminds me of, like in the old days, you'd chat, and it wasn't a lot of face-to-face, but then now there's video gaming culture, you know, you come in, "Hey, you want to play a game," people don't even know each other, and get a visual, and also an immersive experience with each other. This is now the application for entrepreneurial equations, so this kind of gaming, the game is startups! So how are you looking at this, and how are you investing in it, what are some of the things, and what can people learn from what we're seeing in this new game-ified, if you will, you know, world of starting companies? >> I think one of the things you alluded to there has really become visible, which is the importance of video, as a medium, and I'm still, absorbing and adjusting to that myself. For example, we do video communications, we do conversations at Decent Bet, of the founding team, and, it really connects to the community, and it's so important, and I'm still absorbing it, like I mentioned, 'cause I'm just so used to publishing articles that are very clearly written, and detailed, and so on. We just did an AMA video, an Ask Me Anything video, in Las Vegas, with the executive team, and it went for 80 minutes, answering the questions, that the community had all submitted! And I just try and imagine that five years ago, it's new way of relating-- >> 'Cause there was no blogging, link back, the only thing you could do in blogging. >> Yeah. >> And then write a perfect blog post, or white paper. >> Exactly. >> And that was who you were. >> Yeah. >> Not anymore, it's more community driven. >> Exactly, and that video as a piece of it, has become so, so important, as a way of communicating the character of the team, and-- >> Before we get into decent.bet, I want to drill those, I think it's a great use case, and again, congratulations on great work there. I want to ask you about something that I've been fascinated with, because I obviously, our generation, we grew up on open source when it was second-class citizen, now it runs the whole world, as first-tier, first-class citizen in software world. The role of the community was really important in software development, 'cause that kept a, it kept a balance, there was governance, was consensus, these are words that you hear in the crypto world. And now, whether it's content and or ICO, the role of the community, and certainly, areas that's out of control in the ICO site, people are cracking down on certainly, like you see Facebook and Twitter trying to do something, but you can't stop the wisdom of the crowd. The role of the community in this crypto, decentralized market, ICOs and whatnot, is super important. Can you share your thoughts, and color commentary on why the community's so important, how do you deal with it (laughs), any best practices, either through scar tissue, or successes, share your thoughts on this. >> Oh yeah, it's totally become a factor, and it's 24/7, right? So, when you are running a crypto project, you need your community management team to be there, in the community channels, 24/7, you need to have somebody there, and they need to be at a certain level that they can handle the challenging questions! And we've definitely had moments where, we have people who try to create FUD, potentially, you know, and bring up stuff, and bring it up again later and whatnot, and we need to be proactive, so when questions come up, we were there to be able to explain, "Okay, here's where you can see this on the Blockchain. "You can verify it yourself." And sometimes, it happens when the team is just about to get on a plane (laughs), and be out of internet communication for a while, so, it's a real challenge, and there's been the voice of experience, on that. >> So talk about how you guys connect, because obviously, being connected is important with community access, but also, with connection, increases the service area for hacks, are you guys carrying five burner phones each, how do you handle email, how have you guys dealt with the whole, you know, there is a lot of online activity, certainly, people trying to do some spear phishing, or whatever tactics there are. Telegram has been littered with a lot of spoofing, and what not, so, all this is going on, that you got to have access communication. But there's a safety component that could have really big impacts to these businesses, that aren't tokeners, because, hacking can be easy if you don't protect yourself. >> We really like Signal app, as a communications medium, there's a new one, starting to grow now, called Threema, which is pretty interesting. Telegram, is just a real challenge, and it's unfortunate, because it's now become this metric. >> How many people are active on your channels-- >> That investors like to look at the size of the Telegram group, but we don't actually have a Telegram group for Decent Bet. And we've used Slack, we are going to be rolling out a internally hosted Slack replacement soon based on Rocket.Chat, we really like Rocket.Chat. As you mentioned, there are spear phishing, we do see that, and, one of the nice things is, a few years ago, you had trouble convincing a team to take security seriously! But you know, when you have team members who may have lost $10,000 in a hack-- >> Or more! >> Or more, you know, there's no question that this needs to be a priority, and everybody buys in on it. So that is one net positive out of this. >> Well let's talk about Decent Bet, fascinating use case, it's in the gaming area, gaming as in like betting, my friend Paul Martino invested I think in DraftKings, one of those other companies, I forget which one it was. In the US, there was regulatory issues, but, you know, outside the US where I think you guys are, there's not as much issue. Perfect use case for tokens, in my opinion. So, take a minute to explain Decent Bet, what you guys are all about, and talk about the journey of conception, when you guys conceived it, to ICO. >> Yeah. Decent Bet was founded about a year ago, by the CEO Jedidiah Taylor, who developed an interesting idea, and plan, so, the neat thing about Decent Bet is, first of all, you have all the benefits of the Ethereum Blockchain, in terms of verifying, transactions, and verifying the house's take. Additionally, what Decent Bet does is distributes all the profits of the casino back to the token-holders. 95% goes as proportionally, and then 5% is awarded in a lottery, so there's no profit for any Decent Bet entity, it all goes back to the tokenholders. So you use the token to play, by gambling, but you can also use your token to convert into house shares, for a quarter, and participate in-- >> So the house always wins, that a good model, right? >> Yes. >> You could become the house, through the tokens. >> Exactly, so, the motto we use is our house is your house (laughs). >> Don't bet against the house. >> Yeah. >> Alright so, I love the gambling aspect of it, I think that's going to be a winner. Tech-involved, ICO process bumps, learnings, things you could share with folks? >> Yeah, so, on the technology, one of the neat things we are doing is, we do offer a slots game, which is a primary component of online gambling, and casinos, a pretty dominant piece of the action. But, if you are going to do a simple slots game on the Blockchain, and wait around for blocks to be mined, you're not going to have a great experience. 'Cause you're going to be waiting around, more than you're going to be clicking that button. So, what we use is a technology called state channels, which allows us to do a session, kind of on a side channel, so to speak, and through this state channel, at the end of the session, you post back the results. So you get the verifiability of the Blockchain, but without the delay. So that's a major difference. >> That's off chain, right? >> Yeah. >> Or the on chain is off chain. >> It's kind of-- >> So you're managing the league, to see the chain, so you still experience, and then get to preserve it on the chain. >> Exactly-- >> Okay. >> In terms of the ICO experience, we initiated the ICO end of September, ran for a month, raised more than 52,000 Ether, so very productive ICO process, but with actually some interesting details, so, the ICO structure limited the amount that a particular address could purchase, in the first phases, to 10,000 worth, and then 20,000 dollars worth, with the idea of getting the tokens into the hand of, of people who are going to potentially use them for betting, not just-- >> The more the merrier for you, not, no one taking down allocations, big players. >> Exactly. >> Or whales. >> Not just for the whales, take all, kind of thing. So, that was a interesting structure, and-- >> And that worked well? >> Yeah! >> Alright, talk about the dynamic of post-ICO, because now you guys are building, can you give an update on the state of where you guys are at with the product, availability, how that's going, 'cause obviously you raised the capital through the ICO, democratize it if you will through clever mechanism, which is cool, thanks for sharing that, now what happens? Now, what's going on? >> Yeah, I mean, I think we're doing pretty well in terms of hitting milestones, and showing progress compared to a lot of projects, we released our test net, with slots, and then sportsbook, at the beginning of January, and mid-January, for sportsbook. And, we also did some upgrades with our wallet, we released that, for some enhanced usability, and handling during high peaks on the Ether network, Ethereum network. And then, also, our moving to main net. So we did some newer versions of the test net-- >> When did the main net come in? >> Main net is coming out end of April, and we're on track with that. >> Great, awesome. Congratulations, congratulations on a great job, 52,000 Ether, great raise there, and awesome opportunity. Soma Capital. >> Mm-hmm. >> You're investing now, what do you look for for deals, there's more money chasing good deals now, as we can see, has been a flight to quality obviously. Great global landscape still, what are you looking for? And advice to folks who are looking to do a token, sale, what's your-- >> Big thing we look for are real projects, so (laughs), and they're not that many out there, so we do look for a real use case that makes sense, because, there's a lot of folks out there just sticking Blockchain tag onto anything. And it's not just-- >> Like Kodak for instance. >> Yeah. >> Kodak's the prime example. >> Yes. There are projects out there doing interesting things, Guardium is doing some neat things in terms of 911 response, and opening that up, and creating an alternative to government services. There's WorkCoin, which is-- >> Do you invest in Guardium? >> Yeah, in Guardium, yeah. >> I interviewed them in Puerto Rico. >> Okay, great. >> Great project. >> So very interesting, I was recently giving a talk at a university in Guatemala, and, the students there at business school, it really resonated, the message there, to them, about okay, government 911 is maybe not the ultimate solution for getting help when you need it. >> Well I think, there's a lot of this AI for a good concept, going to Blockchain for good, because, you're seeing a lot of these easy, low-hanging fruit applications around these old structural intuitions. And that's where the action is, right, I mean, do you agree? >> Yeah, yes. And the other thing we're looking at is not just Blockchain. So I really like talking about the field more as crypto, and, I have a little video I did on calling it kind of decentralized, crypto-enabled applications, or platforms. So, beyond Blockchain, we have DAGs, Directed Acyclic Graphs, one interesting-- >> Like Hashgraph. >> Yeah, Ha-- >> Hashgraph's a DAG, isn't it? It's kind of a DAG, Hashgraph? >> Yeah, so, I'm not a huge fan of Hashgraph, one that I do like is called Guld, G-U-L-D, which is, again, thinking beyond the Blockchain. 'Cause we get so tied into Blockchain, Blockchain, Blockchain-- >> What does beyond the Blockchain mean to you? Thinking beyond the Blockchain, what does that mean to you? >> So, the proof of work process, the mining process, the creating new blocks process, is one way of doing things. But we have all these other things going on in crypto, like the signing process, and so on, and so, you can use those in a DAG, a different architecture than just this mining new blocks, you know, mental model. And so, that can be used for different use cases, for publishing, for group consensus, and so on. And so, Guld is an example of a project where it looks like there is something real there, and that's a very interesting product. >> Advice for folks that are looking at tokeneries, because, again, we've said this on theCUBE many times, people know, I'm beating this drum, you got the startups, that see an opportunity, which is fantastic, and then on the end of the spectrum, you got the, "Oh, shit, we're out of business, "let's pivot, throw the Hail Mary, put Blockchain on it, "crypto, and get an ICO, and get some going." And then you've got these growth companies that are, either self funded and or growing, that have decentralized kind of feel to it, it has an architecture that's compatible with tokenization. >> Yeah. >> So we see those three categories. Do you agree, am I missing anything? In terms of the profile? And which ones do you like? >> Well, I think one thing that we need to look at, in each of those cases, is decentralization actually happening, in the project? And are people actually thinking about decentralization. Because, it can be scary for a traditional company! Because, if it truly becomes decentralized, you're not controlling it anymore. And so, that is-- >> If you're based on control, then it's incompatible. >> And that's the real Hail Mary, right? (laughs) When you give up that control, if you give it up, so, we have examples coming out, where, you know, Ripple is running just a few nodes, Neo's running a few more, and you know, things that are not really decentralized, and they're saying, "Well, we're going to be," (laughs) you know? >> Will they ever? >> Is it going to be in the future-- >> Yeah, that's always the question, will they ever be? They've already made their money, well certainly Ripple's done well, but, I mean, what's the incentive to go-- >> Yeah. >> Decentralized. >> Yeah, so if, if you are creating a new project, the benefit from this architecture, beyond the money, is to think about it in that decentralized way, and figure out token economics that work, in that context, in that paradigm! And that's really where the challenge is, but also really where some of the benefits can rise, because, that is what enables truly new ways of doing things. >> Talk about the dynamic, because I actually, I live in Silicon Valley, I've been here 19 years, going on 20, you know, I moved from the east coast, and basically, if you weren't here, this is where the action is. If you're in the sports of tech, this is where all the athletes are. That's now changed, as you mentioned earlier, when we started, it's everywhere. Now, also there's jurisdictional issues, I mean the US, one guy's told me, the US is turning into Europe, all these regulations, it's not as much free capital as you think, and then, we certainly know that. With FCC, and others are putting the clamp down. But, structuring the token, is a concern, right? Or consideration. >> Yes. >> And a concern, so, you know, US entrepreneur, what should they do in your opinion, and if someone's outside the US, what do they do? What's the play book, or, not play book, what's the best path right now? >> Leave the US (laughs). Move out of the US. >> Tell that, wife and four kids. See you later. Yeah, but that's real legit, that's-- >> Come and check out Panama, one of my friends is building a Blockchain incubator, crypto-incubator, I mean I think if you're-- >> What's it like to move out of the United States, I know you just recently went to Panama for this, but, what's it like? Is it scary down there, I mean, is it entrepreneurially friendly? What's the vibe, what's the scene like, take a minute to explain that. >> So I've actually been out there 12 years now, in Panama. One of the neat things, you want a place that has an international outlook, international perspectives, so, you want to think in terms of a Dubai, a Singapore, a Hong Kong. And so, Panama has some aspects of that, it's not perfect, but it does have that international perspective thanks to the Canal! So it has, you know, a hundred years! (laughs) >> It also has the Panama papers, which is a negative blowback for those guys, so it's a safe place to do commerce, in your opinion? >> Um, it is a nice geographic base to do international commerce. >> Got it. >> So, you don't necessarily want to rely on the local jurisdiction, but, in terms of a geographic base, that is US time zone, US dollar, no hurricanes, it's a very interesting place. >> Puerto Rico's got the hurricanes, we know that. >> Yeah. >> Final thoughts, just overall perspective, you've been around the block, we've been around the block, both of us have, I mean, I kind of have these pinch me almost like, "Damn, this is great time, "I wish I was 22," I mean, do you have those? What's it like, how you explain this environment? If people ask you, "Hey, what was it like in the old days?" You know, when you have to provision all your own stack, and do all the stuff, it's pretty interesting right now. What's your thoughts? >> Yeah, I mean, I think we're going through an interesting moment right now, where, we are getting to a point where the forces of centralization are coming against the forces of decentralization, and that includes from the regulatory, as well as the business side, and so, I think it is important, as we look where to dedicate our efforts to, to really find ways to increase the decentralization as a factor that encourages creativity, and entrepreneurship. >> Yeah, it really is a personal, I think it's a great environment. Decent.bet, bet, make your bets, any updates on how to get tokens, what people can expect, a quick plug-in for Decent. >> Yeah, check out our website, we've got links to exchanges, the token is currently listed on Cryptotopia, HitBTC, and a couple other exchanges, and, yeah! Please check out the test net, please check out the white paper, and just learn about how this protocol works, this platform works. I think it is very inspiring, as a structure. >> Adrian Scott here, inside theCUBE, Soma Capital, also experienced entrepreneur himself, technologist, and has been through the ICO process, head of technology at decent.net, we'll be checkin' it out, it's theCUBE Conversation, I'm John Furrier, here in Palo Alto, California. Thanks for watching. (bright music)

Published Date : Mar 29 2018

SUMMARY :

in the Palo Alto studios, Star of the big Thank you John, doing on the crypto side, first P2P, the first renegade, you know, of the Silicon Valley folks it changes the makeup of and the mathematical minds that can handle and how are you investing in it, that the community had all submitted! the only thing you could do And then write a perfect blog post, Not anymore, it's The role of the community in this crypto, in the community channels, 24/7, the whole, you know, there and it's unfortunate, because of the Telegram group, you know, there's no outside the US where I think you guys are, of the Ethereum Blockchain, You could become the Exactly, so, the motto we use is Alright so, I love the one of the neat things we are doing is, the league, to see the chain, The more the merrier Not just for the whales, on the Ether network, Ethereum network. of April, and we're on track congratulations on a great job, what are you looking for? and they're not that many out there, and opening that up, it really resonated, the I mean, do you agree? And the other thing we're looking beyond the Blockchain. and so on, and so, you on the end of the spectrum, In terms of the profile? happening, in the project? If you're based on control, of the benefits can rise, I mean the US, one guy's told me, Move out of the US. See you later. What's the vibe, what's the One of the neat things, you to do international commerce. on the local jurisdiction, but, Puerto Rico's got the and do all the stuff, it's and that includes from the regulatory, it really is a personal, I Please check out the test net, head of technology at decent.net,

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Sam Werner & Steve Kenniston | IBM Think 2018


 

>> Narrator: From Las Vegas, it's The Cube. Covering IBM Think 2018. Brought to you by IBM. >> Welcome back to IBM Think, everybody. My name's Dave Vallante, I'm here with Peter Burris. You're watching The Cube, the leader in live tech coverage. This is our day three. We're wrapping up wall to wall coverage of IBM's inaugural Think Conference. Thirty or forty thousand people, too many people to count, I've been joking all week. Sam Werner is here, he's the VP of Offering Management for Software Defined Storage, Sam, good to see you again. And Steve Kenniston is joining him otherwise known as the storage alchemist. Steven, great to see you again. >> Steven: Thanks, Dave. >> Dave: Alright, Sam. Let's get right into it. >> Sam: Alright. >> Dave: What is the state of data protection today and what's IBM's point of view? >> Sam: Well, I think anybody who's been following the conference and saw Jenny's key note, which was fantastic, I think you walked away knowing how important data is in the future, right? The way you get a competitive edge is to unlock insights from data. So if data's so important you got to be able to protect that data, but you're forced to protect all this data. It's very expensive to back up all this data. You have to do it. You got to keep it safe. How can you actually use that back-up data to, you know, perform analytics and gain some insights of that data that's sitting still behind the scenes. So that's what it's really all about. It's about making sure your data's safe, you're not going to lose it, that big big competitive advantage you have and that data, this is the year of the incumbent because the incumbent can start unlocking valuable data, so - >> Dave: So, Steve, we've talked about this many times. We've talked about the state of data protection, the challenges of sort of bolting on data protection as an afterthought. The sort of one size fits all problem, where you're either under protected or spending too much and being over protected, so have we solved that problem? You know, what is next generation data protection? What does it look like? >> [Steve} Yeah, I think that's a great Question, Dave. I think what you end up seeing a lot of... (audio cuts out) We talk at IBM about the modernize and transform, a lot. Right? And what I've started to try to do is boil it down almost at a product level. WhY - or at least an industry level - why modernize your data protection environment, right? Well if you look at a lot of the new technologies that are out there, costs have come way down, right? Performance is way up. And by performance around data protection we talk RPO's and RTO's. Management has become a lot simpler, a lot of design thinking put in the interfaces, making the Op Ec's job a lot easier around protecting information. A lot of the newer technologies are connected to the cloud, right? A lot simpler. And then you also have the ability to do what Sam just mentioned, which is unlock, now unlock that business value, right? How do I take the data that I'm protecting, and we talk a lot about data reuse and how do I use that data for multiple business purposes. And kind of unhinge the IT organization from being the people that stumble in trying to provide that data out there to the line of business but actually automate that a little bit more with some of the new solutions. So, that's what it means to me for a next generation protection environment. >> Dave: So it used to be this sort of, okay, I got an application, I got to install it on a server - we were talking about this earlier - get a database, put some middleware on - uh! Oh, yeah! I got to back it up. And then you had sort of these silos emerge. Virtualization came in, that obviously change the whole back up paradigm. Now you've got the cloud. What do you guys, what's your point of view on Cloud, everybody's going after this multi-cloud thing, protecting SAS data on prem, hybrid, off-prem, what are you guys doing there? >> Sam: So, uh, and I believe you spoke to Ed Walsh earlier this we very much believe in the multi-cloud strategy. We are very excited on Monday to go live with a Spectrum Protect Plus on IBM's cloud, so it's now available to back up workloads on IBM Cloud. And what's even more exciting about it is if you're running Spectrum Protect Plus on premises, you can actually replicate that data to the version running in the IBM cloud. So now you have the ability not only to back up your data to IBM cloud, back up your data IN IBM cloud where you're running applications there, but also be able to migrate work loads back and forth using this capability. And our plan is to continue to expand that to other clouds following our multi-cloud strategy. >> Dave: What's the plus? >> Sam: Laughs >> Dave: Why the plus? >> Kevin: That's the magic thing, they can't tell you. >> Group: (laughing) >> Dave: It's like AI, it's a black box. >> Sam: Well, I will answer that question seriously, though. IBM's been a leader in data protection for many years. We've been in the Gardeners Leaders Quadrant for 11 years straight with Spectrum Protect, and Spectrum Protect Plus is and extension of that, bringing this new modern approach to back up so it extends the value of our core capability, which you know, enterprises all over the world are using today to keep their data safe. So it's what we do so well, plus more! (laughing) >> Dave: Plus more! - [Sam] Plus more. >> Dave: So, Steve, I wonder if you could talk about the heat in the data protection space, we were at VM World last year, I mean, it was, that was all the buzz. I mean, it was probably the most trafficked booth area, you see tons of VC money that have poured in several years ago that's starting to take shape. It seems like some of these upstarts are taking share, growing, you know, a lot of money in, big valuations, um, what are your thoughts on What's that trend? What's happening there? How do you guys compete with these upstarts? >> Steve: Yeah, so I think that is another really good question. So I think even Ed talks a little bit about a third of the technology money in 2017 went to data protection, so there's a lot of money being poured in. There's a lot of interest, a lot of renewed interest in it. I think what you're seeing, because it cut - it's now from that next generation topic we just talked about, it's now evolving. And that evolution is it's not, it's no longer just about back up. It's about data reuse, data access, and the ability to extract value from that data. Now all of a sudden, if you're doing data protection right, you're backing up a hundred percent of your data. So somewhere in the repository, all my data is sitting. Now, what are the tools I can use to extract the value of that data. So there used to be a lot of different point products, and now what folks are saying is, well now, look, I'm already backing it up and putting it in this data silo, so to speak. How do I get the value out of it? And so, what we've done with Plus, and why we've kind of leap frogged ourselves here with - from going from Protect to Protect Plus, is to be able to now take that repository - what we're seeing from customers is there's a definitely a need for back up, but now we're seeing customers lead with this operational recovery. I want operational recovery and I want data access. So now, what Spectrum Protect Plus does is provides that access. We can do automation, we can provide self service, it's all rest API driven, and then what we still do is we can off load that data to Spectrum Protect, our great product, and then what ends up happening is the long term retention capabilities about corporate compliance or corporate governance, I have that, I'm protecting my business, I feel safe, but now I'm actually getting a lot more value out of that silo of data now. >> Peter: Well, one of the challenges, especially as we start moving into an AI analytics world, is that it's becoming increasingly clear that backing up the data, a hundred percent of the data, may not be capturing all of the value because we're increasingly creating new models, new relationships amongst data that aren't necessarily defined by an application. They're transient, then temporal, they're, they come up they come down, how does a protection plane handle, not only, you know, the data that's known, from sources that are known, but also identifying patterns of how data relationships are being created, staging it to the appropriate place, it seems as though this is going to become an increasingly important feature of any protection scheme? >> Steve: I think, I think a lot - you bring up a good topic here - I think a lot of the new protection solutions that are all rest API driven now have the capability to actually reach out to these other API's, and of course we have our whole Watson platform, our analytics platform that can now analyze that information, but the core part, and the reason why I think - back to your previous question about this investment in some of these newer technologies, the legacy technologies didn't have the metadata plane, for example, the catalog. Of course you had a back up catalog , but did you have an intelligent back up catalog. With the Spectrum Protect Plus catalog, we now have all of this metadata information about the data that you're backing up. Now if I create a snapshot, or reuse situation where to your point being, I want to spin something back up, that catalog keeps track of it now. We have full knowledge of what's going. You might not have chosen to again back that new snap up, but we know it's out there. Now we can understand how people are using the data, what are they using the data for, what is the longevity of how we need to keep that data? Now all of a sudden there's a lot more intelligence in the back up and again to your earlier question, I think that's why there's this renewed interest in kind of the evolution. >> Dave: Well, they say at this point you really can't do that multi-cloud without that capability. I wanted to ask you about something else, because you basically put forth this scenario or premise that it's not just about back up, it's not just about insurance, my words, there's other value that you could extract. Um, I want to bring up ransomware. Everybody talks about air gaps - David Foyer brings that up a lot and then I watch, like certain shows like, I don't know if you saw the Zero Days documentary where they said, you know, we laugh at air gaps, like, oh! Really? Yeah, we get through air gaps, no problem. You know, I'm sure they put physical humans in and they're going to infect. So, so there's - the point I'm getting to is there's other ways to protect against ransomware, and part of that is analytics around the data and all the data's - in theory anyway - in the backup store. So, what's going on with ransomware, how are you guys approaching that problem, where do analytics fit? You know, a big chewy question, but, have at it. >> Sam: Yeah, no I'm actually very glad you asked that question. We just actually released a new version of our core Spectrum Protect product and we actually introduced ransomware detection. So if you think about it, we bring in all of your data constantly, we do change block updates, so every time you change files it updates our database, and we can actually detect things that have changed in the pattern. So for example, if you're D-Dup rate starts going down, we can't D-Dup data that's encrypted. So if all of a sudden the rate of D-Duplication starts going down that would indicate the data's starting to be encrypted, and we'll actually alert the user that something's happening. Another example would be, all the sudden a significant amount of changes start happening to a data set, much higher than the normal rate of change, we will alert a user. It doesn't have to be ransomware, it could be ransomware. It could be some other kind of malicious activity, it could be an employee doing something they shouldn't be - accessing data that's not supposed to be accessed. So we'll alert the users. So this kind of intelligence, uh, you know is what we'll continue to try to build in. IBM's the leader in analytics, and we're bringing those skills and applying it to all of our different software. >> Dave: Oh, okay. You're inspecting that corpus of backup data, looking for anomalus behavior, you're say you're bringing in IBM analytics and also presumably some security capabilities from IBM, is that right? >> Sam: That's right. Absolutely. We work very closely with our security team to ensure that all the solutions we provide tie in very well with the rest of our capabilities at IBM. One other thing though, I'll mention is our cloud object storage, getting a little bit away from our backup software for a second, but object storage is used often - >> Kevin: But it's exciting! >> Sam: It is exciting! It's one of my favorite parts of the portfolio. It's a place where a lot of people are storing backup and archive data and we recently introduced worm capability, which mean Write Once Read Many. So once it's been written it can't be changed. It's usually used for compliance purposes but it's also being used as an air gap capability. If the data can't be changed, then essentially it can't be you know encrypted or attacked by ransomware. And we have certification on this as well, so we're SEC compliant, we can be used in regulated industries, so as we're able to in our data protection software off load data into a object store, which we have the capability, you can actually give it this worm protection, so that you know your backup data is always safe and can always be recovered. We can still do this live detection, and we can also ensure your backup is safe. >> Dave: That's great. I'm glad to hear that, cause I feel like in the old days, that I asked you that question about ransomware, and well, we're working on that - and two years later you've come up with a solution. What's the vibe inside of IBM in the storage group? I mean it seems like there's this renewed energy, obviously growth helps, it's like winning, you know, brings in the fans, but, what's your take Steve? And I'll close with Sam. >> Steve: I would almost want to ask you the same question. You've been interviewing a lot of the folks from the storage division that have come up here today and talked to you. I mean you must hear the enthusiasm and the excitement. Right? >> Dave: Yeah, definitely. People are pumped up. >> Steve: And I've rejoined IBM, Sam has rejoined IBM, right? And I think what we're finding inside is there used to be a lot of this, eh yeah, we'll eventually get there. In other words, it's like you said, next year, next year. Next, next quarter. Next third quarter, right? And now its, how do we get it done? People are excited, they want to, they see all the changes going on, we've done a lot to - I don't want to say sort out the portfolio, I think the portfolio's always been good - but now there's like a clean crisp clear story around the portfolio, how they fit together, why they're supposed to - and people are rallying behind that. And we're seeing customer - we're voted by IDCE, number one in the storage software business this year. I think people are really getting behind, you want to work for a winning team, and we're winning and people are getting excited about it. >> Dave: Yeah, I think there's a sense of urgency, a little startup mojo, it's back. So, love that, but Sam I'll give you the last word, before we wrap. Just on Think? Just on the Market? >> Sam: I got to tell you, Think has been crazy. It's been a lot of fun so far. I got to tell you, I have never seen so much excitement around our storage portfolio from customers. These were the easiest customer discussions I've ever had at one of these conferences, so they're really excited about what they're doing and they're excited about the direction we're moving in. So, yeah. >> Dave: Guy, awesome seeing you. Thanks for coming back on The Cube, both of you, and, uh, really a pleasure. Alright. Thank you for watching. Uh, this is a wrap from IBM Think 2018. Guys, thanks for helping us close that up. Peter, thank you for helping - >> Peter: Absolutely. >> Dave: me co-host this week. John Furie was unbelievable with the pop up cube, really phenomenal job, John and the crew. Guys, great great job. Really appreciate you guys coming in from wherever you were Puerto Rico or the Bahamas, I can't keep track of you anymore. Go to siliconangle.com, check out all the news. TheCube.net is where all these videos will be and wikibon.com for all the research, which Peter's group has been doing great work there. We're out! We'll see you next time. (lively tech music)

Published Date : Mar 22 2018

SUMMARY :

Brought to you by IBM. Sam, good to see you again. of that data that's sitting still behind the scenes. We've talked about the state of data protection, have the ability to do what Sam just mentioned, what are you guys doing there? So now you have the ability capability, which you know, enterprises all over the Dave: Plus more! heat in the data protection space, we were at VM World How do I get the value out of it? Peter: Well, one of the challenges, especially as we are all rest API driven now have the capability to actually and part of that is analytics around the data and all the So if all of a sudden the rate of D-Duplication starts going of backup data, looking for anomalus behavior, you're say our security team to ensure that all the solutions we so that you know your backup data is always safe like in the old days, that I asked you that question about You've been interviewing a lot of the folks from the storage Dave: Yeah, definitely. I think people are really getting behind, you want to work you the last word, before we wrap. I got to tell you, I have never seen Thank you for watching. and the crew.

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Jesse Lund, IBM | IBM Think 2018


 

>> Announcer: Live from Las Vegas, it's The Cube covering IBM Think 2018. Brought to you by IBM. >> Hello and welcome to The Cube here in IBM Think 2018, I'm John Furrier. It's The Cube, our flagship program, we go out to the events and extract the signal in the noise. We're the number one live event coverage. We're here with The Cube with IBM Think 2018. Our next guess is Jesse Lund who's the vice president of IBM Blockchain. He's in the financial services side. Into blockchain, into crypto, into token economics, seeing the future, how money flows, Jesse great to have you on The Cube, thanks for joining me. >> Yeah, thanks for having me. It's great to be here. >> We were talking before on camera about blockchain, and we love blockchain, IBM certainly put it out there as part of the innovation sandwich. Blockchain, data, AI, kind of making that innovation, but it's really what it enables, and I want to talk to you about. You are involved in payments. We've been saying on The Cube that the killer app is money in this market. >> I agree, yeah. >> You agree, and you talk about it. This is a new market, so a stack is kind of developing. You got blockchain, then you got crypto which as protocols and you got infrastructure, then you got decentralized applications which you could call ICOs up top, certainly a little bit scammy and bubbly, but that's as arbitraging and optimizing the capital markets, you could argue that. But so this is a really big dynamic. Your thoughts on this trend. >> Sure, well so I joined IBM from 18 years at Wells Fargo. I spent really the majority of my career in financial services and when blockchain came along, I sort of immediately saw the impact, the potential for, I'll call it positive disruption, disruption in the positive sense. Transformational paradigm shift kind of stuff in terms of how money moves around the world and how we classify assets and how we transfer ownership of assets, I mean that's just, it's, the possibilities are limitless. And you're right, IBM is the place where I think blockchain has started as a mainstream focus for enterprises around building private networks, but that's really just the beginning. What we talked about earlier was it gets really interesting when data and money are connected together and they move at high velocities together. >> Let's get into that. I mean first let's just address the IBM thing. They got to put a stake in the ground, blockchain, it's a safe harbor to say supply chain stuff because that's their business, they've been building technologies for supply chains for companies, that's what enterprises do, that's IBM. But the game is where the money is and that's where the businesses are going to be transformed. We're talking about disrupting structural industries. This is where the money power comes in. Money's flowing, I mean if you want to move money from China, go to bitcoin. If you want to move it from anywhere, this is what's happening. >> Yeah, so think about bitcoin. It's kind of what started it all. It's a little bit of a bad word in banks and in regulated financial circles, but let's face it, the only real mainstream blockchain application today is still bitcoin, but you know we're only three years in to the blockchain industry, right? I mean think about when we were three years in to the internet industry, where we were still talking about which browser is going to win and then it went on to which application server's going to win, and it wasn't til a decade later we were really focused on what are the applications, the killer apps that are enabled by an interconnected world and that's exactly what's happening now. Other industries have already been completely disrupted. Look at retail, it's just, it's banking's turn. It's financial services turn. >> One of the founders, the co-founders of Ethereum, Anthony Diiorio, who I interviewed a couple weeks ago at the Bahamas, he said "While it is the new browser," to your points, browser wars, if you think about the payment, wallets are now becoming part of the mechanism for money transfer. If you don't have a wallet, if you want to send me some Ripple, you want to send me some Ethereum, I need a wallet. This is a no brainer, right? I mean if you want to leverage any money, that's one thing. The second thing I want to get your thoughts on besides the wallets, the fiat conversion, right? These are two threshold conversations that are going on. Your thoughts, wallet and conversion to fiat. >> Well I mean I think wallets are really important because this whole thing is based on key management, this whole concept is based on cryptography. It only works on a public, private key notion and you got to keep that private key private, but you got to keep it, right? You got to keep it safe and you got to keep it, it's like your wallet. You've got a wallet, you've got cash in your wallet, you lose your wallet, you lose your cash. It's the same kind of analogy, so wallets are really important and you're going to want to turn to providers who have made their business in encryption, who have made their business in security, I mean-- >> And cold storage, old school is kind of coming back, people are taking their keys and they're spreading them across multiple lock boxes, multiple states. People are getting broken into their house or their PCs are getting broken into. >> Right, yeah. >> I mean security, going old school. >> And why not? I mean, it works. >> Because if someone knows you got 100 million dollars in your house, they're going to get it if you don't lock it. Okay back to the reality of the money transfer. We were talking before you came on, I've been saying on The Cube, token economics really is where the action is, at least in my opinion. I want to get your thoughts because really the business model innovation is on the table because whoever can innovate the business model has more of a chance to disrupt an existing industry. This is where tokenization becomes part of the money piece of it, so how do you convert that value into capture? Is that token? Is that where you see it? What's your thoughts? >> Yeah so well first of all, I mean if you think of tokens as another form of currency, and by the way, I think we have to be careful about what we say, cryptocurrencies, the industry talks about thousands of cryptocurrencies out there where there's really not. There's maybe dozens and they're all derivatives of just a few models, bitcoin being one prominent model and there's a lot of offshoots off of that. But the rest of what we call cryptocurrencies are really tokens that represent primarily securities, which is why the SCC's getting involved. But the really interesting thing about this is these tokens move at high velocity because they're digital and so, but these digital things represent a claim on real world value, and that's where it becomes really interesting. IBM's built and launched as kind of its first foray into the solution space of financial services where IBM is an investor in this technology, a cross-border payment solution that inherently re-engineers this whole correspondent banking, this international wire process, and where FX, foreign exchange, becomes a real time capability in a series of operations that execute as an atomic unit. That's novel today. When you want to send money from here to somewhere else in the world, you go to your bank, your bank sends an instruction to another bank, and they respond and say "Yeah you know it's okay "because the person you're sending it to is not a terrorist, "is not on a some sort of sanctions list," great, now the bank has to actually go settle and it settles through another network, so the novelty is why can't the messages and the data and the value itself, the digital asset, why can't they exist and move together at the same time? That's what we've really built. But as we've built and deployed that and are getting banks and non-bank financial institutions to sign up for it because the cost of moving money goes way, way, way down and the user experience goes way, way, way up because instead of taking two or three days and you don't know how much it's going to cost until it gets there, it takes 10 or 15 seconds and you know before you even press send how much it's going to cost to get there. It all boils down to this notion of digital assets, that's what it all comes down to, is the way to settle value with finality in real time is for one party to exchange a digital asset with another party. Today, initially, the only form of negotiable digital assets are cryptocurrencies which has banks a little scared, but as we start talking through what we've learned in the enterprise blockchain space, we realized that we can tokenize all sorts of other asset classes, commodities, securities, and even fiat currencies where central banks or commercial banks can issue a token that represents a claim on deposits held at some financial institution and that's, that's a-- >> So you see tokenization as a big deal. >> It's a huge deal. I mean it's everything, I think it's-- >> It's the economic value of the ... >> I think it's the tipping point for blockchain. The irony is it goes back to bitcoin kind of started this all. You know we said "Well we like the idea of the technology "underneath bitcoin, but we want to focus on blockchain," I mean forget for a second blockchain is actually terminology that's invented by the bitcoin primer that was published nine years ago by Satoshi, so yeah it's their, whoever they are, it's their terminology, and it's kind of coming back full circle where you're seeing the convergence of all of these cool optimization capabilities, you know, immutability and workflow optimization, supply chain management-- >> And there's a lot of work to be done on performance and whatnot, but the concept of decentralized immutability data is fine, store the data. Now there's, it's got to get fixed, but I think that what that enables and I think you agree that tokenization's critical. So for a company that wants to token their business or raise money via tokens or get involved in this new economic value creation, innovation trend, how do they do it? And by the way are there tools available? You mentioned banking, and the banking business got to where it was because you had to build the picks and shovels to make it happen, you had to do a swift and you had to have this stuff go on. Now developers don't necessarily have the tools, so there's a picks and shovel market and there's also the real innovation. >> Yeah and that's I think the value contribution that IBM brings. I mean we bring 107 years of credibility in developing and operating mission critical, transactional, and financial systems, and I could do just an ad for a second, that's what the IBM blockchain platform is all about and as the industry evolves, as our platform offering evolves, what we want to be able to bring to small business, medium sized businesses, large businesses is the ability to develop solutions using our toolkit. >> So Jesse I want you to put your financial hat on and at the same time put your payments hat on and your token economics hat on, three hats. Hey I want to tokenize my business, I really want to get in. So we have an innovative team, we're seeing new business model formulas and logic that we want to disrupt, what do I do? I got an existing, growing business that I know has assets and I'm not a startup, but I'm not trying to pivot like Kodak, so I'm not dying, throwing the hail Mary, or I'm not a startup and got to build a whole product. I'm a real business, I'm growing, and I see tokenization as a way for me to be successful. What do I do? What's your advice? >> Well I think you look at it from all potential angles. If you look at any business, they're always looking to improve the bottom line by shrinking costs, right? They're also looking to improve the bottom line by increasing the top side, increasing revenue, and I think as a mid-sized business or a growing business, you have the opportunity to use tokenization, to use blockchain and digital currencies to do both of those things. You have the ability to accelerate the adoption of whatever your good or service or product is by if it's tokenizable, and most things are whether it's a utility, access to some service you provide, or whether it's an asset, some widget that you sell, you enable primary and secondary markets by creating a digital asset that can be bought by anybody anywhere around the world. I mean that's one way to do it and so I think getting people to realize the potential there-- >> You got programs, they call up IBM or get some developers, make it happen. Okay so killer apps money, that's going to be a 30 plus year trend and certainly this highlights that, but the other thing that's happened, it's coming out of either, in the open source community as well as cloud, the notion of marketplaces and communities so marketplaces and communities become a very important role in the token economics piece. What's your thoughts and opinion on that narrative? >> Well again for me, it goes back, I always go back to digital assets. We in the U.S. and around the world, when we start talking about financial instruments, we classify assets differently, but when it comes to an ecosystem and a community that becomes inherently peer to peer and inherently democratic, it's about an asset class agnostic distributed exchange where I can sell you my security token in exchange for your fiat token, or I can sell you my commodity token or utility token for the same. I think the ecosystem gets built automatically by way of new assets coming to a common network or interoperable set of networks, and that's what's missing today by the way, same in capital markets, right? The holy grail in the capital market space today is how do I shrink the time between trade and settlement? There's this whole t plus three and we're spending billions of dollars to go to t plus two, we gain a day, so the trade day and the settlement date are two days apart. I mean you just think about kind of the absurdity of that. If you just say well if the security that you're buying is a digital asset, and the money that you're buying it with is a digital asset, and they both exist on either the same network or an interoperable network, the transfer of ownership and the transfer of value happen together as two operations or a single operation in one atomic transaction, you've solved the problem. >> Speed of light can make it happen. >> Right, delivery versus payment, that's what the capital markets industry is trying to optimize for, right? Because it improves the balance sheet of all sorts of finance-- >> You had a phrase you mentioned before we came on camera, something about money, the future of money. What was that phrase? >> Programmable money? >> Programmable money. >> Yeah, right, right. >> I want you to take a minute to explain. Love this concept, Miko Matsumura, thought leader friend of ours, has a vision called open source money which is more of an open source, this hey money's flowing, it's open, it's out there, but you have a different perspective which I like too which is programmable money. What does that mean? Describe the concept and take a minute to unpack that. >> The concept of programmable money comes out of a paper that I jointly authored with Jed McCaleb who is the founder of Stellar and was the co-founder of Ripple and is a really smart guy so I feel like I have a small brain when I'm around him but we really wrote it in the context of central banking and the ultimate issuer of an asset because central banks are the issuers of currencies. Right now the primary dealers, if you will, for currencies are commercial banks and so that whole commercial, central, fractional reserve banking model has been replicated from the western world to everywhere else in the world and you can't get access to central bank money as they say. But if the central banks were to issue digital currencies which is essentially a token of fiat currency, so you own the token, you own a claim of fiat deposits held on the balance sheet of the central bank, now you have the ability to move that around. You can actually program the movement of money because it's a digital thing, it's a digital asset that's as good as cash and if you are working with a central bank who's issuing it, not only is it electronic money, it's actually legal tender because if the central bank issues it, it becomes legal tender which means everybody who accepts it has to accept that form of payment. That's pretty profound if we can get to that point and we're working with-- >> And software's a big driver in that because you need software to manage digital assets. >> Oh yeah, absolutely. >> The software's driving it. Bill Tai is an investor, I interviewed him, and he had an interesting topic and I made a highlight of it. He said after World War II, we talked about the oil situation when the dala was pegged to OPEC, that was essentially tokenizing oil. Then okay that's good, so that was their ICO. >> Right, right, yeah, essentially. >> That's what you're saying, you can actually put fiat to the digital token and take advantage of the efficiencies of digital. >> Right, yeah, okay-- >> Taking down all the structural inefficiencies that were built prior to digital. Is that ... >> It is. You fast forward a little bit and think where that takes us. It's no secret that the U.S. dollar is the trade currency of the world, and I want to be careful what I say because, you know, I'm an American patriot here but there are other large G20 nations who wouldn't mind dethroning the U.S. dollar as the trade currency of the world and so as you see central banks starting to get involved in the issuance of digital currency, you create a situation where all of a sudden well maybe oil could be traded heresy in other currencies besides the U.S. dollar which is all it's traded in today. Goes back to your ecosystem question. >> This is a great point. We could riff on this stuff, let's riff on this. The UK just signed a deal with Coinbase, this is a major signal. >> Sign, yeah. >> You got a legitimate country saying we're going to give a license to Coinbase, now they have Brexit to deal with so they're looking at it as an opportunity. Outside of the UK coming in and doing that deal with Coinbase, it's on the web, look up Coinbase in the UK, you'll see the deal. You have other companies trying to jockey for who's going to be the Wall Street for crypto? Meaning I want to convert crypto to fiat, where do I go? Do I go to Estonia? Do I go to Dubai? Bahrain? Armenia? China? There is no place yet. Your thoughts, what's going to happen? What shoe will drop first? Is there a domino effect? >> Yeah, well there's a couple things as it relates to the UK and kind of the extension to Coinbase of access to the national payment system which is really what enables them to then convert fiat to crypto and back. That's pretty interesting. Going back to the programmable money thing, though. If you have a central bank issued token, you've essentially extended the real time gross settlement system which has been only accessible by commercial banks to anybody that holds that token, right? It's a trend, I think the UK sees it coming, I think the Federal Reserve sees it coming. It's going to happen. >> Is it winner take all or winner take most? >> I think it creates a much more purely efficient market. It's a democratic system so I don't think there is going to be a new Wall Street, I think it's going to be-- >> John: Decentralized. >> Exactly, I mean that's the beauty of it. It's scary though for establishments like Wall Street to look at this and it-- >> I mean are the banks scared? You're dealing with the banks right now. >> Yes, they're scared. I mean I've actually read a recent article that Bank of America, the headline was "Bank of America's afraid of digital currency." You've seen Jamie Dimon who came out with a kind of a hard stance against bitcoin and has since kind of backed away from that. >> Of course you probably bought in when it dropped and now it's back up again. >> Well I think part of the bank was actually facilitating their clients and trading bitcoin so that might've been it. There's a natural reaction to it, especially if you're part of the mainstream establishment. >> There's no proof of that, I'm just saying we're posting on Reddit and whatnot. >> No we're just joking around. Jamie's a, he's a good guy, right? >> Can I get your thoughts on digital nations? We've been talking about this. Just a few years ago, smart cities, IoT was kind of the narrative, oh be a smart city, control the traffic lights, and instrument the physical goods and services. Now with crypto and blockchain front and center conversation is digital nations with sovereignty around their cash. This is kind of your point earlier. How are you seeing that? What's your view? Are you seeing that trend? Are there dots connecting for you? Because again, people are jockeying for a position on the global digital backbone to be a major part of the money flow, the fiat conversion, what is the goods and services? Who's going to clear the values? All digital, it's a perfect storm. >> Well I think there's always going to be the need for trusted entities to be the issuers of these assets because it all comes down to trust at the end of the day. The thing with bitcoin is that it's purely autonomous and people are a little bit skeptical of it because they're like, "Well who's controlling "the monetary policy?" and the answer is the market, you know, the users of the network are controlling it and that's why you see such volatility, right? Because the traders love it, they can go in and trade the up trends and the down trends. As long as there's volatility, traders are making money. I think there is still going to be a place for central authorities to add value, but that's going to be the pressure, is for them to prove that they're adding value not, you know, bureaucracy masquerading as process. >> I was reading an article that Telegram, which is doing a huge ICO, just got shut down by the Russian government, they went to turn over their keys, their private keys of their users. Say goodbye to the-- >> Jesse: I didn't read that, that's crazy. >> It's really crazy, so that's going to put a damper on their ICO but regulatory and then government issues around countries becomes a big deal. In your experience as Wells Fargo, at a bank, looking forward in the new digital world, is it one of those situations where path of least resistance, the countries that go more friendly get around that in a sovereignty where you domicile, where you start your company, where you do your banking. I mean I could start a company in Gibraltar and bank in Switzerland. >> Well transparency is part of the benefit or the downside of this, right? I think there may be advantages that pop up but I think they will equalize over time. I've been around the world now for IBM talking to 20 plus central banks, and I had a really interesting conversation with one of them recently in Asia. We're in the room with deputy director level people who are responsible for things like the NA money laundering policy and the economics and monetary policy and things like that and one person said, "You know, we're really torn "between two equally unacceptable decisions. "One is to ignore cryptocurrencies altogether, "and the other end of the spectrum is "to make them illegal, to ban them." I thought it was poignant that they see those as unacceptable, they have to do something in the middle. >> Do they weigh or ban? I mean look, the banning's happening. >> But okay so you saw that Trump used the executive order to prevent Americans from using or trading in the Venezuelan crypto that was issued on Ethereum, right? I saw that Venezuelan thing as a publicity stunt more than anything, an active of global defiance. So there's precedent now for, and the Russia thing with Telegram-- >> The United States of America has to step up its game because look at it, we have a lot of, I mean I remember back in the crypto days when I was just getting into the business, late 80s, early 90s, you couldn't even do it in the U.S., you go to Canada, that's why Canada's got a lot of innovation up there. We're risking our country, and I had one guy tell me in Puerto Rico, he's from South Africa, and he shouldn't be throwing any stones either but his point was, he says, "America's becoming Europe. "There's a shrinking middle class "while other emerging markets have a growing middle class," so the global impact of blockchain, cryptocurrency, and these applications are significant and have to be factored into policy decision making for governments. The U.S. can't just think about itself anymore in a vacuum. >> Right, not anymore. >> Because there's implications otherwise the U.S. will turn into Europe, regulated, all these rules, byzantine stuff. It's a real problem. Your thoughts on that. >> It is. It's cliche, but we live and work in a global economy. The flow of information globally in real time has been around now for a while and it's about time it came to money. The internet of money is a term I've heard. It's just, it's unavoidable. >> Jesse Lund here inside The Cube. Great guest, great conversation. >> Yeah, thanks. >> How do people get ahold of you on IBM's, you mentioned you got some great stuff going on, you've written a paper, you've got a lot of content, where does someone go to discover some of the stuff that you're working on they could get involved with you guys? >> Yeah well I mean the best place to go is IBM.com/blockchain, that'll tell you a lot about what we're doing and the different industry-- >> And the programmable money paper you wrote, is that there? >> It's out there as well, there's a link to that. >> On IBM.com? >> You can get me directly on LinkedIn, I try to be pretty responsive with that because I really enjoy the dialogue. This is a revolution of the peoples, man, it's all over the world, so it's great, it's great to be a part of it. >> And people tokenizing their business, there's real opportunities to change the game to bring consensus, data driven, new kind of supply chain whatever to the markets you're in, great opp-, and you need banking. >> Yeah of course. >> You need to have money. Money, marketplaces, and communities, that's my mantra. >> I subscribe to it. >> Thanks for coming on. >> Thank you, thanks for having me. >> Jesse Lund. I'm John Furrier here at IBM Think 2018. Cube coverage continues after this short break. (upbeat music)

Published Date : Mar 22 2018

SUMMARY :

Brought to you by IBM. Jesse great to have you on The Cube, thanks for joining me. It's great to be here. and I want to talk to you about. the capital markets, you could argue that. I spent really the majority of my career I mean first let's just address the IBM thing. the only real mainstream blockchain application today I mean if you want to leverage any money, that's one thing. You got to keep it safe and you got to keep it, and they're spreading them across I mean, it works. Is that where you see it? and by the way, I think we have to be careful So you see tokenization I think it's-- of the ... the bitcoin primer that was published got to where it was because you had to build is the ability to develop solutions using our toolkit. and at the same time put your payments hat on You have the ability to accelerate the adoption in the token economics piece. and the money that you're buying it with is a digital asset, something about money, the future of money. Describe the concept and take a minute to unpack that. Right now the primary dealers, if you will, for currencies because you need software to manage digital assets. and I made a highlight of it. and take advantage of the efficiencies of digital. Taking down all the structural inefficiencies and so as you see central banks starting to get involved The UK just signed a deal with Coinbase, Outside of the UK coming in and kind of the extension to Coinbase there is going to be a new Wall Street, I think it's going to be-- Exactly, I mean that's the beauty of it. I mean are the banks scared? that Bank of America, the headline was Of course you probably bought in the mainstream establishment. Reddit and whatnot. No we're just joking around. and instrument the physical goods and services. and that's why you see such volatility, right? just got shut down by the Russian government, It's really crazy, so that's going to put a damper and the economics and monetary policy I mean look, the banning's happening. in the Venezuelan crypto that was issued on Ethereum, right? and have to be factored into policy decision making otherwise the U.S. will turn into Europe, and it's about time it came to money. Jesse Lund here inside The Cube. and the different industry-- there's a link to that. This is a revolution of the peoples, man, there's real opportunities to change the game You need to have money. thanks for having me. Cube coverage continues after this short break.

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Day Three Kickoff | IBM Think 2018


 

>> Narrator: Live from Las Vegas, it's The Cube, covering IBM Think 2018. Brought to you by IBM. >> Hello everyone, welcome to the third day of live coverage here at IBM Think in Las Vegas. This is The Cube, our flagship program, we go out to the events, and extract a civil noise of the leader in live technology coverage. I'm John Furrier, with my co-host Dave Vellante. Our seventh, eighth year covering a bunch of IBM shows. With all now six of them rolled into one IBM Think, this is their big tent event, day three, keynotes just finished, it's blockchain day here at IBM, and as we said, on the opening, on Tuesday, this is like, the innovation sandwich. In the middle is the meat, is data, and then the bread is blockchain and AI. And really that is the architecture of IBM's future strategy, foundationally set up by cloud computing and a variety of other applications and whatnot, but really the future is about data, with blockchain and AI surrounding it. Today's blockchain day, your thoughts on the keynote? Keynote speeches? >> Mm-hm. >> IBM, blockchain, certainly we've seen a lot of advertising on TV. Your thoughts and reaction to the keynote. >> Yeah, and I like your innovation sandwich, I just want to add, that the substrate of all this is cloud. It's critical, if you're going to get network effects, you've got to have the cloud. Today, yeah, was blockchain day, we heard from Marie Wieck, who's the general manager of IBM blockchain. IBM has a tendency, as you know, John, to identify a hot trend, especially some in Open Source, they did this with Linux, they did this with Spark, and they kind of, elbow their way in, you know, maybe that's a pejorative, but they do that, and they say, "Here's some code, here's some resources." They spend money on it, and they give credibility to that Open Source effort. The Hyperledger project is the one they targeted here. It's the fastest growing project in the history of the Linux Foundation. IBM contributed lines of code, people, they've got 15 hundred blockchain experts on this, and they're going all in on blockchain. Which I think, John, is really positive for the blockchain, and even the crypto community, because it brings the credibility of a, you know, a Fortune 100 company to that world. They've announced the blockchain starter kit. All this stuff is available on the IBM cloud. They announced today PWC as an audit partner, which again, brings credibility to the table. Although, I think as you and I know, and we're going to have some guests on later today, there's some other tech emerging, that is going to maybe complement that. >> Yeah. >> And we heard from David Katz, who is the CEO of Plastic Bank, this is the company that's essentially creating currency out of plastic. Allowing disadvantaged people to turn collecting plastic into money. And, at the same time, help save the planet. >> I mean, this is a great example of blockchain as an enabling technology. New ways to do business. As you know, we've been hot on blockchain for the audience watching, you know, we've been covering big data, and AI, that's in our wheelhouse, do all those shows and events, cover that territory with our journalism, and TV and research. But blockchain is an adjacency to storage and infrastructure, and also decentralized applications. The fundamental thing that we're seeing, and we talked to Brian-- Brian Behlendorf, who's with the Hyperledger project, at the Open Source Summit, the Apache Foundation, which IBM is a big sponsor of, IBM needs to do well here. Because they're, again, innovations is essentially betting on blockchain. But it's not just the developers at Open Source, the business users are the ones that are going to create the value, and what I mean by that is, if you look at the blockchain world, and crypto currency and decentralized applications, that's essentially the three components to this market. The blockchain is the infrastructure, ledger, storage of data, et cetera, you know over simplified, but the cryptocurrency runs protocols and infrastructure that power that, and then the application's going to sit on top. We've reported and observed that the secret of success in this new world, is nailing the business logic, and the business model, efficiencies that take advantage of the underlying technology. And that the risk factors in making that success happen, is that business model, not the technology. Although the technology is super important, the technology can be switched out a reduced risk. So the real risk in blockchain and cryptocurrency, and decentralized applications is nailing the business model disruption. This is different than the old way of tech, which was the risk was technology selection. This is a big deal, IBM needs to up their game on that piece of it. I've heard a lot of tech, I've got some nice use cases, but on the outreach basis, they got to go to the business users, and say, "This is an opportunity to leverage the data, "leverage the software and AI with watts and other things." And then leverage the underlying technology, software defined storage, software systems that move to the blockchain, in a decentralized and distributed way. Distributed and decentralized is the future of infrastructure, this is the secret of success, this is where the winners are establishing the clear line of sight. >> Well, one of the things that you're hearing at this conference, Ginny set this up yesterday, was incumbent disrupters, and we were just, kind of, having fun at the open yesterday, but I think it's really smart for IBM. You know me, John, I'm a big fan of saying most of your business is going to come from your existing customers, and if you're chasing all this new business, and start ups, and developers, you're not going to be as productive as if you go to your core. And I think that you're seeing this. IBM back to the core, and they're bringing blockchain to that core as a way to disrupt existing business models, defend against disrupters. So you're absolutely right, companies need to look for inefficiencies where there's a third party taking a toll, and then attack it hard with blockchain. I actually think-- well no, so IBM is really talking business. How do we bring blockchain to the business? They're not really talking about what we talk about a lot, this crypto economy and this whole other mission driven initiative. >> Well, but I mean, if they want to talk business, they got to talk token economics. That's where the business model efficiencies will be rendered on the app side, and the money side. The killer wrap in blockchain and crypto is money. Okay, and marketplaces. IBM got to great marketplace, but it's not just about the developers, that's an organic one stakeholder. The stakeholders that matter is the business guys and the developers coming together. That is absolutely fundamental. If they don't understand that, that's going to be hard to be successful. You can't just throw money at developer programs and say, "Oh, when we win the developers, we win the day." Cloud was, kind of, that playbook, but this world is so fast, and accelerating in it's value creation, that the business users are fundamental in actually grokking what the capabilities are, and putting that into motion quickly, and the proof points is pilots converting to production. That's going to come from the business units. That's where the intellectual property is, is looking at the technology innovations that are possible on the business logic. Business logic is the new IP, this is where the action is, and I haven't heard IBM talk at all about token economics, they kind of talk about it, but that really is the business impact. >> Well, I mean, you sort of heard that today from Plastic Bank, although they didn't talk about a token, they didn't talk about coins, they did talk about monetizing plastic, but in using blockchain to do that, I assume there's tokens behind that, but maybe not. Maybe it's just Fiat currency. It's unclear to me, but I think you're right, the killer app is money. >> Look at it, this is simple. The equation in crypto, and not blockchain, is value creators create value, and they can capture the value. Capturing the value is where the money is, the creating the value is where the technology can happen. So you got to nail both of those as areas. And money is the killer app, so that's going to come from the business side, so the real benefit of decentralization is offering the value capture equation to look different and be different. That's token economics. That's where the action's going to be. So, it really is, it's not mutually exclusive, they're both things. >> Well I think that what you're hearing, so value comes from two places in the simplest form, increased revenue, cut costs. I'm hearing a lot from IBM of cut costs, now again, the Plastic Bank this morning was a really interesting example, I'm glad IBM uses it, but the vast majority of things you're hearing from IBM, like the IBM Maersk relationship, et cetera, are about cutting costs, taking out inefficiencies. >> Well, I mean, the bank thing is easy to look at in your mind, but it's any supply chain. The ICO market that's at a massive bubble right now, is because the supply chain of funding start ups and growth, used to come from private equity and venture capital, that is being disrupted because it certainly hyped up, but that's a supply chain. Any supply chain activities, set of activities, that make up a supply chain, can and will be disrupted by blockchain, crypto, and token economics. >> Yeah, so let's talk about that. Because again, you're not hearing a lot of that from IBM. But I think we have a perspective there. You know, the 1.0 was the wild west, a bunch of developers, blockchain developers, theory developers, doing stuff, building up protocols, making a lot of money. And disintermediating the VCs, right? The new form of raising capital. The VCs are now all in, right? We saw this in Bahamas, you saw this in Puerto Rico, at the two conferences, at four conferences that we covered. So explain that? >> Well, that's just one application, the VCs and these guys are inefficient in some way, but what's happening with crypto currency about access to capital. Now there's a lot of capital being thrown out there. That's mainly because of the hype and the bubble aspect of it, but the real disruption is access to capital, that value chain, value activities are being disrupted and being more efficient. That's a global phenomenon, and that's happening in financing of start ups. Anything with a supply chain, whether it's moving food from point A to point B, is what IBM also highlights as well, anything that's structural incumbent is at risk. And so, this is where, I mean IBM has a ton of supply chain business. They've been doing this for generations in the computer industry. They connect systems together, and create value with using technology. So this is not going to be-- this is a great opportunity for IBM. Again, if they can convert that business value into the blockchain with the value capture, the create capture model, they can run the table. >> But I want to come back to innovation equation. And part of that innovation equation is being able to raise capital. And last I checked, which was last month, about 6.5 billion had been raised in crypto investments. >> And 60% of the projects failed. >> For sure, okay. But failure-- Silicon Valley, fail fest, it's probably up to 10 billion now, much more is being raised through crypto in startups in blockchain than there is in VC. The VCs realized this, and they want a piece of the action, but we're seeing private equity, we're seeing hedge funds, we're seeing crypto billionaires. >> The path of least resistance for the entrepreneur is where the action is. They go right to the new money opportunity. Because they can raise more money. >> So, here's the question. You take Fiocoin, for example, smart guys, trying to go after S3 with peer to peer storage, they raised 250 million dollars in 30 minutes, okay? Is it too much too fast? >> Yes, I think so, but it's what the market's giving. I mean, Fiocoin doesn't even have a product. They're on a roadmap. That's essentially a series A financing. >> Dave: That's a series C. >> Well, no, in terms of the evolution of the startup, it's a seed financing as a series C or D or F financing. >> Yeah, 250 million. >> I mean, it's insane. >> David Scott told us that he needed 85 to start Three Par. I mean that's a storage company 10 years ago, 20 years ago. >> Yeah. >> What a change. At 250 million. >> Look, it's a bubble. But the reality is that it's a bubble that's not going to pop and destroy the sector, it's just a proof point that the efficiency of funding is going to be disrupted. It is being disrupted. >> No, we'll see if it's going to destroy this sector or not. This could, you know-- Warren Buffet says it's going to end badly, others are believers. >> I'm long on blockchain, obviously you know that. I'm pretty biased, but anywhere there's inefficiencies, there's an opportunity for entrepreneurs and business leaders to put new business logic in place to capture that value. That's where the action will be. That's the innovation. And if IBM's innovation sandwich could work, you got a blockchain AI, data in the middle, everyone's going to be full and hungry and eat up everyone's lunch. So, Dave, that's the blockchain day. I'm John Furrier, with Dave Vellante, day three wall to wall coverage here at IBM Think in Las Vegas. More live coverage after this short break. (futuristic music)

Published Date : Mar 21 2018

SUMMARY :

Brought to you by IBM. and extract a civil noise of the leader Your thoughts and reaction to the keynote. and even the crypto community, And, at the same time, help save the planet. that's essentially the three components to this market. Well, one of the things that you're hearing and the proof points is pilots converting to production. the killer app is money. the creating the value is where the technology can happen. but the vast majority of things you're hearing from IBM, is because the supply chain of funding start ups and growth, And disintermediating the VCs, right? but the real disruption is access to capital, is being able to raise capital. but we're seeing private equity, The path of least resistance for the entrepreneur So, here's the question. but it's what the market's giving. Well, no, in terms of the evolution of the startup, I mean that's a storage company 10 years ago, What a change. But the reality is that it's a bubble that's not going to pop Warren Buffet says it's going to end badly, So, Dave, that's the blockchain day.

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