from New York it's the cube covering blockchain week now here's John furries hello and welcome back I'm John Fourier we're here on the ground actually on the water on the majesty bow to New York City as decentral has their big unveiling Anthony do you Arielle cube alumni a good friend of the cube is having a massive event here in New York City celebrating the new releases of their new platform their new hardware product actually called the cube to talk about that with Anthony but moreover it's part of a big holistic blockchain week in New York City exciting new projects from new financial products that Kryptos enabling technology innovation a lot of personal people going doing deals so what's going on with you you look great we are at the party looking good people are going crazy out out there we're in a boat I think this kind of environment is very friendly to the kind of community that is created by blockchain naturally so I really commend decentral and Anthony and all of their efforts around this in that they're now creating an environment where I can't walk five feet down the hallway without seeing somebody else that I know and the important thing about that is that now we're really creating this big digital conglomerate we're creating a network of people where I was just speaking to someone outside and he said that it's amazing to see people sharing all kinds of information about their new projects they're they're they're recognizing that there really is enough pie for everyone there's not it is a competition game but really that we should really compete on the application layer and that we should collaborate on the codebase we should collaborate on security and we should collaborate on these really big issues like regulation and privacy so it's amazing to see all these people and that's important that's the open source ethos right there really work together on a project not product because there's a difference between a project and a product and open source is that's languish it's important yeah that's the ethos I love that what's going on in the bug will share some anecdotes what's happening here people who didn't make it couldn't make the boat they you know ate some cars Aston Martin bracelet here what's some of the hallway conversations on the bow what are you hearing here during blockchain week well first of all blockchain week has been has been an amazing opportunity for the blockchain Research Institute to really showcase the work that we are doing to express our interest in enterprise blockchain but really also to support the growing community that is happening in the world and more so in Canada we believe that Canada has an amazing opportunity to to be a leader in blockchain and they are already really a significant amount of the people here our Canadian you know Anthony is a proud Canadian lots of different companies are and one of the major initiatives that we had at consensus was the Canadian Pavilion so we gathered together 23 Canadian blockchain companies and by the way you need a bigger room we did because so many there was a lot yeah open your own conference but the key part with that is that we really wanted to showcase the amazing Canadian innovations that are happening so that people recognize that you know Canada and the more specifically the Toronto Waterloo corridor is is the next Silicon Valley the next hub of blockchain and of quantum computing and of AI and so if you take those three together really those are done taps got an Allen snaps got our two co-founders they authored a report for the World Economic Forum and they argued that that blockchain really is the third leg of the stool that we need to provide an atmosphere for innovation and this was a really good way for us to do that and certainly it's got money tied to its the applications now have a financial component token economics a real key enabler in this to us certainly blockchain check great we love it everyone loves blockchain but it's the token economics that kick in that are starting to see money things applications tying into tokens and coins and yeah I think but that really creates a lot of it creates a lot of confusion it creates a lot of noise suddenly you know in that in the first generation of the internet we we said you know government hands off we want to you know we want to regulate this ourselves this is our thing it's the age of information like like that Tapscott said you know we're entering the internet of value but in entering the internet of value we're now we're now no longer dealing with just information we're dealing with things that matter to people we're dealing with identity and privacy and physical assets and you know real estate and all kinds of different things that are really foundations of the economy and in this case we really need the community to come together and support a regulatory environment because if we don't then the regulator's will and it won't work in the in our messengers it's got to be open open always be proprietary I'm so convinced that open source software which I have lived that generation when it was we were fighting for you know UNIX versus Xenu copyright with AT&T and then was a tea or two citizen now it runs the world's Tier one source one and the model is proven it's coming to crypto and yeah you see that do you see that coming clearly or did that I think as as platforms like you know obviously aetherium but as platforms like hyper ledger and r3s Corte and the forum platform from JPMorgan as these platforms grow in size and grow in membership and grow in in collaboration people will see that the the way to collaborate it's all about this I don't know if you've seen the graphs about fad protocols yes now we're in trusting our payments and our identities and our you know the things that really matter to us we're not giving them to the application layer anymore we're giving them to the protocol layer and if we're giving them to the protocol layer then we really need to collaborate to ensure that all that information is correct all the time and the only way we're going to be able to do that is to be able to create open source platforms and open source activities where everyone is able to participate that's the only way we can create something and if you want to take the code and do something downstream for that liberation please so we have lots of enterprise clients like Procter & Gamble and ExxonMobil and and PepsiCo and others where they're very interested in in enterprise blockchain but at the same time they want to be able to leverage the security of the public chain right it's um Matt spoke at a a Onix had a really really interesting comment about two weeks ago he said I think and he apologized in advance like this might be controversial but but I really think he's right in that he said you know five ten twenty years down the road we won't know the difference between an enterprise blockchain and a public chain right like we're gonna be up we will be a choice right I do you think we'll be able to have it we'll get to a point where it will be dumb not to use the public chain it will be dumb not to be able to leverage the security of it because if you and I enter into you know if we build our own blockchain together I mean that's great one of interesting things too you missed the panel because you might have seen Jimmy song's debate with I did yes that was very provocative so he's got a point on it's just two sides of the coin you know no pun intended right one is what you're saying that enterprises can come in Jimmy was saying is that it's a waste to use the public chain now because some inefficiencies he's technically accurate but that's gonna get better so I wouldn't throw the baby out with the bathwater sometime no I agree but but I think there's a lot of solutions to come in the next year or two or three around interoperability and I think at the end of the day everyone should be able to use whatever blockchain that they think best fits their features but that they should integrate with it with a company like a on or icon or metronome or all these other interesting interoperability projects where you're able to to leverage the security of the public chain but also be able to continue to have your own ecosystem together yeah son of Don Tapscott about this one you interview them at an IBM event and and I'm old enough that I've seen a couple although some of these waves and I lived and I hear the same arguments all the time oh the performance is not there compared to this and easily but these are waves these are shifts right so PC oh no one's having anything with that you know Delta goes on on on web oh it's the so it's slow to dial-up and load a webpage but all of them who were shifts in growth growth was coming behind it yeah so that's the wrong conversations are happening the growth is coming so you guys really nail it with your analysis I think I had your team because it is the shift it is about not necessarily getting in the weeds over did this one thing is it good now yeah great work or well will something really move forward I think that so don actually said in 1992 i in paradigm shift he said that leaders of old paradigms often have trouble embracing the new and so for us at the blockchain research institute we really exist to bridge that knowledge gap between top-tier executives like fred smith and rob carter from FedEx like you know internally at PepsiCo we aim to bridge that knowledge gap so that they just better know how to flow funds within their own company just doing great one is doing great work well to get me to give a plug real quick love your work explaining some of the things you guys are doing you're on the right track I can say I love what you're doing I looked at it it's right on but you're open you're not like you know down on your fist on the table yeah you guys are cool with the work you guys are doing so we're doing 80 projects on the strategic applications of blockchain technology in a variety of industries so our research fits in three categories we have verticals where financial services is obviously our largest vertical but we're also looking into projects in in retail and manufacturing in supply chain in healthcare in government in media and telecommunications in resources and mining and you know you know pickaxe mining not real mining mining old-school mining yeah and then we're also looking at a lot of the management applications of blockchain so you know the first generation of the internet didn't really do a lot to change the structure of the corporation it allows that it allowed us to find people all over the world I can find people to do anything but I still have to negotiate a contract with them myself to enter into an agreement I sell to establish trust but if we now have this amazingly fluid technology that allows us to lower the cost of search the cost of negotiating contracts the cost of contracting and the cost of establishing trust then that blows the windows and the walls of the corporation wide open and in that we are really driving to help our member organizations understand the nature of the firm is changing economic theory of yesteryear being disrupted really fast way yeah vodka Jane thanks for coming up here one more question yes this week what did you hear in the out there in the city what's your observation for the people didn't make it to New York a lot of great face to face a lot of great engagement good networking good contacts growing ecosystem but still a tight-knit community people know each other they're sharing information what did you hear share some data some insights that that folks couldn't get if they didn't come I think for us a lot of the reason that we are here is that it's a you know peril if you don't show up it's being part of a community if if we are going to show a leadership role in this community then we need to show up for our colors we need to show up for companies that that you know may not be able to advocate for themselves I've met so many interesting companies this week that either do not have the resources or they're trying to raise money or they're trying to be investors and and the life of an entrepreneur obviously is is a tough one and for us we we have a growing pioneer membership at the blockchain Research Institute where we aim to connect large corporations who are looking for or looking to invest in different in different watching platforms but don't know where to start and so we run essentially a white listing service where we are partnered with lots of amazing companies like pay case and shift and Collider X and a on and all these different companies where they're they're really working to move the ball forward as well as make an impact so yeah it was for us it was it was looking for more innovative companies but also you know doing our part showing our role this was a one of the first times that I actually saw Don Tapscott a now except thought actively you know taking meanings and participating in the conversation and and being present and being there so so for us it was a lot of it was presence he was a lot of presidents we're some fun you having fun I am yes yes behind us is a boat we're on it we're in the front part we're in the anthony o diario private suite lounge here's where he can relax it gets kind of a green room behind us awesome DJ four stories of boat going down to your just past the Statue of Liberty a lot of action let's get back to the partying what are you saying alright I'm jump for it thanks for watching we're on the boat New York City thank you for watching