Transcript

(00:00) foreign [Music] [Music] [Music] okay all right last but definitely not not least is is uh Sergeant also just about the ads hns switch definitely check it out totally free app made by Alex Meadow in the movies so I gave him a five star review obviously I you know I would there’s some Twitter Thread about it but it costs nothing to download and use an app

(01:02) it helps of course especially in review so um if you’re comfortable with that I think it’s both IOS and Android and it’s just a quick price so if you’re in auctions or whatever you can quickly convert to your local currency just uh check it out they chipped into for the event I really appreciate that so so definitely try to get it and now I’m excited I think I’m putting out a spot but I you know I think you were uh really a well received speaker last year and I enjoyed it too so um thank you

(01:33) I and happy Holly Holly is it the holiday now or holy no no it’s just a one day Festival where people just Rave and drink a lot of alcohol and plaster color on each other that sounds awesome wow I gotta come next time then all right uh oh yeah I don’t want to take too much of your time so I’ll you know argument or I think people should everybody’s excited about India market and you’re registering I’m using it I include you know with the uh systems and and others are curious so I want to hear

(02:06) what you have to say and uh I’ll let you take it away I’m gonna be behind the stage um I’m just checking do you have the slides all right um just a question uh it slides right yeah so if I share the screen uh from mine uh we’ll we’ll just be the screen totally fine there’s gonna be a few choices you can upload PDF only or you can share like a Chrome tab or full screen I have a PDF so I’m just trying to do that it’s better if you upload a PDF all right guys uh so uh thank you for

(02:42) being here uh I’m Sergeant from argument most of you would know me so uh we’re just gonna keep it short and sweet 30 minutes uh so we will talk about uh certain activities we undertook last year and some insights with uh cleaned from those activities now we believe that it would be useful not just for us uh but also for the larger community and what uh are we doing as uh agameen as a result of those insights that we’ve had an opportunity to glean from our activities so uh so we went into public beta in early

(03:19) 2022 um and we had quite a strong start the local media covered us prominent newspapers covered us uh a lot of the digital blogs covered us and everything looked pretty good we had a lot of registrations happening uh and things were like pretty Rosy however somewhere towards the middle of the year and I suspect that would be the case with a lot of the registrars and registries except for maybe the name Chiefs who have a huge customer base already would have seen a Slowdown in the registrations um naturally uh it was a concerning

(03:54) thing and we decided that you know we needed to get to the root of the problem as to what was it that uh you know uh was causing the Slowdown a lot of it could have been the bear Market uh The nft Craze was dying out so you know a lot of people who were part of the nft crowd and the crypto crowd were buying this stuff up and as things were slowing down probably they were just backing out of the market but we felt that it there had to be more than that because uh at no point did we really position ourselves in that way in

(04:26) our domestic markets uh not as an FD project or any of that so the Slowdown was quite concerning and we then had a couple of months where we didn’t sell a single unit so uh I decided to leverage some of my past work experience I had worked with one of India’s largest market research firm and I decided to do a bit of research ourselves the research essentially was a combination of Quant as well as qual uh Quant basically involves uh creating a questionnaire about eight to ten uh questions and administering to them to a

(05:00) certain subset of people and qual basically involved focus groups focus group is one where you have given a specific subject to the group to discuss upon and then you have a freewheeling kind of a group setting as well where you just uh let people talk freely and you just throw a more wider generic subject and let people talk about it now this the the research was conducted over a period of four months uh because uh 500 to 700 people if anybody who’s got a bit of research background would know trying to zoom into the right

(05:35) kind of people and then getting 500 to 700 of those is a huge activity especially if you’re a bootstrapped uh company who’s just basically doing it hand to hand and you know you’re not exactly using any mass media Vehicles so the reason I’ve put 500 to 700 is because 500 was the target but then I we exceeded it so I stopped counting after 500 so I think we must have clocked another 100 after that uh the audience was essentially based out of India but because handshake is a global thing and we felt that the

(06:04) insights might should be at least applicable to people worldwide we tried to find people who um you know who were in the age group between 20 to 45 Metropolitan and mostly Multicultural in terms of their consumption of music movies uh Cuisine clothing and vacations mostly internationalists uh if you could call it that way uh so that we could at least try and get some semblance of representation that might be relevant even people were outside of India that gender breakup of 75 to 25 is not intentional it’s just a maybe you know

(06:42) Asian cultures it’s a little more difficult to just walk up to women and administer them you know a questionnaire so that’s why it’s that way so what I mean I don’t want to get into the details of what happened in the research and stuff uh I’m just gonna straight away get to the insights and some of the learnings we’ve had and what are we doing as a result of those learnings and maybe it might be applicable to some of the other startups here as well first hand trick is not an end user product uh

(07:17) many May disagree with me um and that’s fine but just bear with me as I take you through the what where we are coming from it is very clearly a b to B cell 100 and and especially after this research I always suspected it uh but uh after this I am very clear so what exactly is handshake so it’s a replacement for the root Zone sure we all know that I mean it’s just right up there on the website but I have seen many people in the community and including myself quite from coming from very sincere uh intentions where we try

(07:51) to sell or get the end user interested in handshake uh but it’s it’s basically a no startup because uh let’s take a look at the Legacy uh internet I can manages the root Zone and then you have a very sign which is the most popular uh registry with.com then you have a GoDaddy you could replace that with namecheap then you have entities like Facebook Twitter and Gmail and then you have the end user so the root zone is essentially the first layer of the DNS setup and the end user is typically the fifth layer

(08:27) there are four layers in between and most of the time the guy who’s typing facebook.com into a browser does not even know about the existence of icam that is how far removed he is from the so-called root zone of the internet um so if 10 years back if I had to tell somebody hey did you know that uh the internet or the DNS namespace is managed by somebody some organization called ican they probably go oh really oh okay good for me and then just move on and that’s pretty much the end of their involvement with it

(09:04) uh if we had to look the same thing up say uh with handshake uh we have Registries and registrars kind of getting clubbed into uh uh one in menu on in with many of the companies but again uh the end user is you typically the fifth if there is a registry registrar or the fourth layer uh if it’s clubbed and again handshake is the first so again there are multiple layers between the end user and the root zone or so-called handshake the project that we are talking about so this is of course if you look at it from

(09:37) a domain perspective now both our government and we have startups like superlink who are looking at it as uh user IDs so if you look at it as a user ID sure we managed to cut a layer off you don’t need an entity but again a handshake is the first layer and the end user is the fourth or the third layer depending on uh what that structure is like so super link is a registry register rolled into one so in their case it would be at least third layer so again um the user is uh far away from handshake so today if you were to go and

(10:13) say hey remember we spoke about icann now it’s been decentralized with handshake and again the reaction is likely to be oh good uh and then they’ll just move on because again it’s not relevant to their lives so the focus needs to shift from handshake to maybe other things we’ll get to what those other things are so again um we fact I mean uh that other thing is going to be use cases or utilities and even there depending on how it is being presented the use case and the utility would vary if you were to look at the

(10:51) whole thing as a domain name uh for entities um I mean everybody’s everywhere but say by the looks of it the most prominent startup or the name chip is not a startup it’s a big company uh it’s name cheap and their collection of tlds seem to support the domain usage more so in their case you have the handshake and then you have the name cheap entity and then you would have a B2B entity uh which would be a website or a service and then you would have the end user so the use case would have to come directly

(11:24) from the customers of a name sheep or an entity like that now while I was talking about this many of us spoke uh the word domainer was thrown around a lot uh as as an end user now I’d like to point it out that while domainers may be individuals but they buy a domain name from a business entity and they usually sell it to another business entity Because unless you’re a business you don’t really need a website so they are just facilitators in a B2B trade so it’s Again part of the B2B ecosystem and if you look at it as a username

(12:02) then usually the utility comes after the user has bought the name so uh in a domain uh structure the utility comes first and then it drives users as in uh you may not be buying the name but you would be using them to resolve through the browsers and so on so forth and if you are pushing it as a username then you may be able to sell the usernames up front but if you expect continued renewal over the years then there would need to be use cases so we’re gonna be upfront we’ve had a significant uh while we had a huge

(12:38) number we didn’t have that kind of renewals this year they dropped almost by 50 and one reason we attribute is because what do people do with these names and how long do we expect them to hold on to these names before they can actually use it so yeah so it’s a B2B cell and then the next is use cases use cases have the key to ensuring that handshake succeeds so we need to get startup ecosystems excited about handshake an approach I would like to take in my earlier years uh something I you know when I just got into

(13:18) technology Linux was something I came across now I I realized at that time when I ran into Linux that I was using it via many of the services but I never heard of it and probably that is what is going to happen in the end where a lot of people will end up using services that are powered by handshake but they probably won’t ever hear of handshake them you know by uh or interact with handshake uh by themselves sure as retail investors uh they may buy some tokens but again I don’t expect that market to be big because if you look at the larger

(13:55) structure how many people uh invest in the stock market how many people invest in mutual funds if you look at them as a percentage of the larger human race or the larger amount of users on the internet okay it’s a small percentage uh and uh it’s going to be the same with people who buy tokens uh maybe even smaller at least to start out with so that’s a that’s not an area I’m a expert in so I’m just going to leave it to people who are but as far as use cases are concerned that is something that we need

(14:27) to essentially focus on and we have some ideas how we could drive that how we could get people excited about that but we’ll come to that later in the uh in the talk as I was mentioning the Mojo somewhere is uh going to be uh the use cases and I’m a big fan of using handshake as usernames uh because there are about 360 million domains so far and that get registered on an average every year but there are 5 billion users on the internet so that is a huge uh growth or a much larger market we can Target uh should we focus on

(15:05) usernames so uh the direction that the super links are taking are you know and that’s the way to go but we still need to create use cases so that these names can get used and I heard uh Eskimo talk about SNS chat and and those are the kind of things we need more of those kind of things to happen in the ecosystem so that these names find expression so one of the things that uh you know uh happened in the this was a frame I had created uh and this was something I shared with people in the focus groups you know because invariably almost

(15:38) everyone as soon as they understood about smart names the first question they asked is what can I do with it and then we showed them this Frame which is you know you can use it as a web free name you can use it as a financial ID and the immediate question is do you have any Services right now where I can use it and in most cases I had to go back to saying no they’re still being built and you could see the palpitable disappointment because while a lot of us tend to be in a bubble I don’t mean in a handshake

(16:09) bubble but in a crypto bubble uh we are you know bitcoiners ethereum guys so we all understand the idea of uh raising a lot of money by just showing what is called a white paper so one piece of paper and people will throw money at you we’ve gotten used to that but the larger world is not used to that they’re not used to throwing money at abstract future Concepts they need something tangible in their hand if I am giving you ten dollars I need a soap or a shampoo or a candy I need something so that’s how the larger uh you know people

(16:41) are so this is uh something um you know I would like to really harp upon thank you okay so again we’ll get to the use cases later third uh is identities come can come in can come in many forms what do I mean by this now we gave them the option to you know to explore what kind of identities they would like and something very interesting came out of it uh The Sweet Spot was somewhere in the middle of a generic identity and an individual identity a genetic identity say in my case would we say Sergeant dot Indian or Sergeant

(17:25) dot man it’s just way too generic and people didn’t really relate to that you could come on the Other Extreme which is sergeant.nier which is my surname and people preferred that to the generic one but they didn’t really exactly want to be an island either uh of course this is not to talk about uh this actually opens up a huge opportunity this is not to talk about uh uh startups that are doing things in the identity space like super link or even agamin uh we are heavily stacked up with surnames in the vernacular space or even

(17:58) our name Chief which is single letter alphabets which are quite generic but this is actually to encourage the newcomers the newcomers who might have come into handshake or the people who don’t have Deep Pockets and who look at handshake and think hey all the big tlds are gone everything that is useful is already taken what is in it for me let me tell you uh We’ve not even scratched the surface because people wanted to have their own individual identity at the same time they wanted to belong to something it

(18:33) was almost as if they wanted The Best of Both Worlds uh so say for instance if I am a student of Harvard hypothetically for the sake of this discussion then a sergeant dot American won’t work sergeant.nair is okay but a sergeant.har word would hit The Sweet Spot it’s not as big as a country it’s much smaller uh where I can have my own individual identity and at the same time I can belong to some sort of an exclusive Club or some sort of exclusive uh community so if you were to suddenly look at things from that perspective you would

(19:12) find that the the whole world is open to us of course uh the name Chiefs and the super links will do amazing things for our community uh but you know not everybody can be huge and big like them there is a lot of scope for small players uh your local city your local church uh your local communities colleges schools and other small uh fractionalized breakups of society uh okay that probably didn’t come out right uh but fractionalized identifications that people may have within their communities and I believe

(19:47) there is a lot of scope uh for tlds to be auctioned in fact we actually had given up uh optioning for new tlds uh uh in 2021 because we thought we pretty much had what we wanted but after this we again went on us free and then we picked up fresh about five six hundred tlds um that are relevant to at least in the Indian and South Asian context uh it’s simply impossible for a single individual to get all of them so I think there is a huge scope uh for people in you know in all over the world who are part of handshake to really look at

(20:21) these small micro communities which can make for extremely lucrative businesses uh maybe not billion dollar Enterprises but definitely million dollar Enterprises and I I don’t think a million dollars is bad so uh I would encourage everybody to really look at uh take this aspect that you know people want to belong uh while they retain their individuality and and if you were to look at it from that perspective then there is a lot of scope for micro Registries or microwave stars to come up so that’s the bit about identity

(20:58) and of course uh the last thing it was very clear to me this was not a result of the research this was a an inference that I drew as a result of the research which is existing startups like us uh will have to do all the heavy lifting when it comes to actually inspiring the next generation of people not to use but to build so that users Beyond them can actually get into our or start using products that have handshake at the back end and one tactic that really worked for us and could work for a lot of uh others is uh

(21:31) these days because of the whole startup ecosystem almost all all colleges that are of some significance have an in-house incubator and these incubators are not just for the college students they’re open to Outsiders as well I did a lot of study on this and uh pretty much any college that’s worth it salt has one and all of you being in you know prominent countries and cities would have colleges around in your vicinity that would have an incubator or an accelerator and if you could take away your need for funds

(22:04) or money because that’s when they become really selective about taking you in so they have these options where you are open if you are open to being incubated without raising funds if you can get the funds off the table then getting into these incubators is not really a problem you can really get into these incubators and once you are in a college incubator you could start by building for that college itself typically all colleges are have around 2000 to 3 000 students um these are Builders people of the Next

(22:34) Generation students uh getting them excited in fact we did that and we’ll share our uh what we are going to do in that space um so to catch hold of the intellectual uh cream of a society which is essentially the college kids and the future and exposing them to handshake and getting them inspired and then letting them build is going to be a a very lucrative path forward for handshake because these kids will probably be able to come up with stuff that many of us can’t even imagine um so that’s pretty much about the

(23:11) research that we did so I thought we’ll just put it out there so what are we doing about uh you know what what is agameen doing about them so well uh first we are building for the top 100 colleges in India so we are in conversation with quite a few of them we’ve acquired all the tlds and we are going to build small ecosystem for the top 100 colleges of India and we’ll start with the iits and the iims I don’t know how many of you are aware of iits and IMS Indians would know but if you’re from uh say from

(23:46) another country IIT these are the equivalent of an MIT for India and they’re seriously high quality colleges and very difficult to get into and ions are the equivalent of business management or those kind of uh post-graduation colleges and most Indians 99.99 of Indians in the Silicon Valley the ones you might run into in the Googles and the Facebooks and the Twitter would all be from the iits and the Iams they would have gone to either one of them or both so we are essentially talking about the top one percent of the one percent of

(24:22) the one percent of the intellectual cream of one-sixth of the human race there are about 23 iits and 20 iims in India that’s 42 colleges and we will build with all of them we are incubated with one of them and we use the same strategy that we said we kind of took funding off the table and uh we presented an interesting concept and they were happy to have us uh and incubate us and once we got incubated with them then it was easy for us to talk to their students talk to their student committees and they got excited

(24:55) about it and will get to that so we are building for one of the iits and in fact uh we are going to do it this month towards the end of it they’ve got some board exams going right now going on right now and as soon as their exams are over we will be going to the campus we will stay on campus for about 10 days and we will build in public we will involve the students as we build that registrar system out for them and uh the idea is to hand over that registrar system to the student committee so that they can manage it

(25:32) themselves so they have about 2 000 students currently they have an alumni of about five and every year 500 new students come in again as I said we are talking about the intellectual cream so the idea is not just going to be built for them of course they will have uh an identity that will help them show off their Alma matter I mean imagine if you were from Harvard you would want to show off your Alma matter right Sergeant dot Harvard oh okay send Bitcoin to sergeant.

(26:00) hardword okay that tells volumes about who you are even before you’re there your name tells you what you are so it has a similar effect in India and of course worldwide now just like michelini is uh uh is associated with this as a registrar we’ve also got one in Nepal um they call akara um the guy was busy I had invited him for the event but he unfortunately couldn’t make it but he’s gonna be here next year um they’re quite busy actually and they got in touch with uh Kathmandu University and Kathmandu university has over 25 000

(26:34) students again the creme de La Creme of Nepalese intellectual intelligencia uh 25k including the alumni and stuff and uh in this case we presented to their management and they were extremely excited about it they really love the idea and uh the the fact that you know uh and and especially Nepal uh as an ecosystem um is not a very big population so Venture capitalists tend to not really go into that market because you know unless you’re coming out with a global solution a national solution is not going to be very big in terms of numbers

(27:11) so not very scalable so there is a positive investors so this is also a model you guys could uh um explore so we went and told them something very exciting we told them you know what we will do now the IIT one we are doing individually we are doing it in the Institute but the Institute management directly has no role to play in it because they are much more revolved ecosystems but the Nepalese ecosystem was not so evolved so here we decided to go through the management and we incentivized them and we said you know

(27:42) what we will take about 20 to 30 of the revenue that comes and we’ll split that with the registry and the registrar and we will give 70 back to the Institute so that they can create a startup fund so that they can fund their kids who built on handshake so if you’re so the idea we gave to The Nepalese guys are if you’re gonna build if your students are gonna build a service on this network then out of this 70 fund we can fund them to create their minimum viable products so uh that is something they

(28:15) Institute really wiped well with uh and and we are in pretty Advanced stages of talk and we are pretty confident that we will close that deal uh there are a couple of other institutes in Nepal that I am directing conversation with but there are early stages so I don’t really want to jinx it by talking about it at this stage but uh I have a good vibe about them as well because uh Kathmandu University is like the big enchilada in Nepal if you take their name if they are on board then the rest will kind of just

(28:46) uh like a domino fall in place so that’s the good news that’s coming out of Kathmandu and that’s pretty much what we are doing with the colleges and we feel that this is a replicable model and in other countries especially U.S uh extremely rich academic ecosystem um even countries like China Japan parts of Europe all of them are very rich and uh developed ecosystems so I I think there is a lot of scope there to build these Microsystems okay uh before we go there um there’s just one more thing I missed out here we

(29:20) are also in talks with somebody to create an Arab internet the GCC countries um they are extremely excited about uh having uh an ecosystem that essentially works in the traditional Nash their native language which is Arabic and we have a lot of interesting Arabic uh tlds both surname wise as well as generic ones which can be used in those markets um they put some funds up front to set up a registrar and Market it so uh we are still in the process of closing the deal so we’ll keep the community uh informed as and when something develops

(29:57) so that’s the registry registrar aspect of it now I want to come back to the point I had made earlier which is use case now we need use cases now of course uh you know dating apps chatting apps all of that can happen in fact those can happen in colleges because 2000 kids you know you have that ratio boys and girls there so that you can have these interesting uh things happening there we felt that fintech uh is a space that really connects with people and there is a genuine need because almost all popular fintech apps worldwide

(30:36) use either identity layers that can be classified as a privacy concern but people still continue to use it because there is some utility in it or they are not user friendly um if you’re using a wallet then it would be a phone number if you’re using PayPal then it will be an email so they have previously concerns and if you’re using a crypto wallet I I don’t think I need to tell you guys how user unfriendly they are so we decided to get into the space uh people in India would be aware of it uh people abroad may not be so there is

(31:12) something in India called the unified payment app I’ll see if I can give a quick demo [Music] okay so this is the app so that I’ve already fed in the phone number of my colleague dakshita I’m gonna send her 100 bucks and here I have a choice of my bank accounts these are my bank accounts so I choose one and it asks me for a pin which I’m just gonna feed and that’s it 100 bucks transferred under three seconds bank account to bank account we are not talking about a wallet bank account to bank account this is a

(32:15) hugely popular protocol in India in fact even the average shopkeeper on the street the uneducated guy doesn’t speak a word of English has never gone to school they are on this protocol I don’t have my wallet with me I wish I could show you my wallet I have about 10 bucks the equivalent of ten dollars and that is just in case I need to use cash somewhere I haven’t gone to an ATM for over a year and a half now um nobody uses cash anymore we are almost a cashless Society um so and it has about 500 million users

(32:48) it’s on track to process over 100 billion transactions in 2023 and now this protocol is going to Europe so France has signed up so you can expect uh European countries uh happening Middle East has signed up for it and recently in India we had the G20 Summit and several uh agreements were signed up so 2.

(33:13) 0 is coming which is going to be a global thing so Bank transfers will just happen like that and the problem with this protocol is it uses phone numbers it also has an ID but it’s just quite a mouthful you might as well use a crypto wallet address so uh so we saw an opportunity here and especially uh an Insight we observed is women women are not very comfortable giving out their phone numbers in P2P environments uh my wife and a lot of my friends you know whenever they would have the opportunity they would tell their husbands fathers or their grown-up

(33:44) Sons or brothers to give their numbers uh they generally don’t want to give their numbers away unless they have to so we felt why not build a handshake layer on top of it okay uh so the stack is gonna look a bit like this where here we just use the hns hns the light node which does the resolving so user can enter a smart name and the amount the resolving would happen and it would point to a phone number email address wallet address or whatever is the actual uh identity layer and then it would just connect to the API so essentially you

(34:23) don’t change the existing Tech stack whether it’s a UPI or you’re trying to clone PayPal or MPS as a popular wallet in the Middle East or if it’s a crypto wallet you don’t really change this text like you just build a new layer on top of it and that does the resolving and then everything just works the way it is so that’s what we are working at right now uh we are also trying to raise some funds we are speaking to some investors so we’ll keep you posted on how that goes so this is our attempt at creating

(34:50) a use case that we feel can really cover a large number of people in one quick go because uh UPI already has a huge market and it’s expanding quite rapidly and it is expected that in the next three years it may even overtake the MasterCards and the Visa networks um and that is that is that is a big thing and if you can have handshake tied into something like that then that’s it um we are home and of course as I said uh the chats and the dating apps and the job sites and the marriage sites all of that can

(35:25) happen um so that’s pretty much it uh we are quite at the end of it I’m happy to take any questions as always I knew I knew you would bring the good stuff that was amazing thank you I saw a lot of uh a lot yeah also your videos are good right it’s true he makes I don’t know if you want to show a little one of your well people can look them up or you can link to them but you do make some good promotional videos and ads actually I think people don’t know you’ve done video before right you were

(36:09) like a film producer before I got into technology I was actually uh my background is advertising I started with market research I spent about eight to seven and seven eight years working with advertising agencies some of the finest networks so will we publicize howas networks and then I had my own production house so we used to make digital content and films um so that’s pretty much where I was and we had a huge focus on travel and the pandemic kind of you know ended that run and I was actually wondering what to do

(36:43) and what I I wanted to invest in some sort of a low cap you know because I didn’t have much money so I was looking you know low cap crypto tokens to buy and hoping that someday it will become big and I can make some money so while I was researching I I actually ran into an article I’ve spoken about this before it was a Forbes artist saying I remember six six tokens that uh you know people are buying up and then I saw a16z uh a16z portfolio and it had handshake in it so I knew about all the other uh five

(37:16) tokens and handshake seemed new so that’s when I started looking up handshake and I looked into a handshake and of course the domains looked more interesting than the token so I started buying them to domains once you have a decent amount of domains then you’re like uh you want to do something bigger something bigger than yourself you know it’s not just about then making money for yourself because I felt that at least I saw genuine need in India where I felt it could be useful so yeah wait uh what I can do is I’ll

(37:47) share the Channel link here so if people like to watch my videos I’m just gonna put it in the chat you guys can look it up okay um I think is it a question about your Solutions ready to go for this uh my solution if you mean by the payment app no it’s work in progress we are working on it also because it connects you know it’s actually a layer on top of a standard Fiat protocol um there are a lot of regulatory aspects that we need to cover uh we are working with a bank called yes bank it’s a prominent Bank in India

(38:33) um so they are going to be sponsoring the API you can’t get the API directly so you have the Reserve Bank of India which is like the Federal Reserve in the United United States context and then you have say a bank maybe like a Chase or JP Morgan kind of bank and then as if you are building an app then you get the API for that payment protocol from the bank so you need a bank to believe in your cause and actually give you the API so that’s the hard part we’ve actually managed to convince yes Bank to take us

(39:05) on board which is quite surprising that you know and the result Bank of India is a very anti-crypto measure but we were able to convince the bank that you know this is the best of blockchain without the minuses of crypto and they like that idea uh and and we told them that the whole crypto layer would be within the company and the average user would not have to know about it it’s essentially about fear transfers and so the bank bought that bought into that and they will sponsor the API for us so we’ve crossed that

(39:36) major hurdle uh now we just have to build the front end or the interface and yeah which is essentially work in progress got it okay um yeah I think people are really excited about all of this as as always you get us uh let’s see I think in our q a um you see Kirk he’s got a lot I think honestly I think you two should connect anyway I think he was the one he presented just before you and you were chatting but I think you too yes see that is not up to us that is not up to us or that is not really up to the

(40:16) handshake ecosystem uh because uh say if we want to be able to send to Gmail we can if you want to send back from Gmail if you reply it will come but if you just type uh pure handshake ID into Gmail it won’t come because Gmail does not run the handshake resolver so you would need a Gmail or a Yahoo mail to be on board uh which is why I had asked earlier in one of the table sessions to Alex that if if the space mail thing from namecheap would be compatible because uh that is again a huge Market you know if

(40:53) somebody could actually start an email service where you know they they run a handshake resolver so you can use it with the traditional domain names and handshake domain names you would be disrupting the email market and uh that’s a market that has not seen disruption for a long time so yes we have something called dakia we didn’t really talk about it we did talk about it last time we’ve been working on it we’ve not really pushed it because of the exact same reason we Spa you spoke about because whenever we tested it the

(41:26) response from the traditional mail would go into spam and stuff like that and you know Gmail has these segregations they have the primary email and updates and stuff and it usually does not always come into the primary and then of course with puny codes it gets marked as spam by many of the email servers so a bit of these problems teething problems are still there uh but someone like namecheap which is a much bigger entity would have the power to create a disruptive service and then put in the resources to uh push that

(41:56) awesome all right I think you know I think um I think we’ve I think maybe you two should connect and the others we could always reach out to you maybe maybe that’s a good one how do people yeah Twitter thing and if anybody who would like to reach out to us please reach out to us anybody uh who would like to work with the college and they need to connect with us they need some help you know so that you can build a small um ecosystem it does not cost much we are happy to help so yeah there’s a lot to be done and uh

(42:32) that’s that that’s great yeah I think a lot of people here are excited um and yeah you’re yeah we work together you know you you could also help with tech I know some people need tech help and I I know maybe you can also help with that um yes but uh I think I’m I’m rap I’m uh I got actually another appointment in a few minutes so I I think everybody yeah thank you Sergeant as always cheers and then we’ll do a closing for everybody and and uh in a minute I’ll just go through leaderboards