Connected Mobility Data Marketplace

Transcript

good afternoon and good evening to everyone on the call i'm very much looking forward to the exciting event we have today in connected mobility and data marketplace um first of all i'd like to do a quick introduction of the cba and before i start that a little quick introduction of myself i'm kevin lally i have a vice president of the board of directors um for the last two years in the cva and before that i was the executive director of the cba um the crypto valley association predominantly focuses itself on the support and adopt adoption of uh blockchain use cases uh throughout the country of switzerland and builds

bridges to international locations for example like um moby that we have um co-hosted the event today with i also want to make a brief thank you to the blockchain center and university of zurich and also cardano that we um co-host the event here today thank you very much for your participation um also i wish to make a very brief thank you to the participants from the sbb swiss federal railway swiss 3 themselves moby of course bosch and the cardano foundation as well as the university of uh southern california as well as cardosie um i will just cover briefly that the

number of active working groups that we have in relation to and where the focus working groups are in the cba we have an investor working group we have uh the startup working group we also have the regulatory um working group that is focused on um legal and interfacing with financial regulator finma predominantly as well as addressing the um the open um progress around the open vasp initiative for instance in the fatf we also have a tax working group and to cap it off we have of course the enterprise blockchain and the cybersecurity working group with that brief

i wish to again welcome everyone to the call wish everyone an informative meeting looking forward to it very much and thank you again for joining on behalf of the board of the cba have a very nice event back to you dennis yes thank you very much it's now up to me to thank us for all the participants and especially as well our sponsors um at the university of zurich and the cardano foundation uh for making this event together with moby and the crypto valley association uh possible my name is denis flass i'm the chairperson of the enterprise working group co-chairing it together with mauro who will be our master of ceremony tonight and take us through the uh event

i'm done heading later on the panel with my good panelists yeah the enterprise blockchain working group what's our objective within within the crypto valley association and um yeah i mean i see that we have at the moment a little bit uh a big discussion about uh platform economy uh that is the big buzzword uh out there and i think it's a it is a future business model where a lot of ecosystems are moving towards um but we have two worlds there we have on one side the more centralized models that we know from large tech giants especially as well from the from the silicon valley later a little bit on that one um and on the other side we

have of course the decentralized uh networks uh building on decent nice cryptographic technology and uh and blockchain technology and our aim at the working group is of course to identify success factors that make decentralized networks more successful because we strongly believe that this leads in the in the in the long run to more market efficient solutions and when you saw lately the discussions about uh competition law threats from google in the in the us senate and congress at the moment or what the european union is as well doing i think there is a fair statement that we have

to take care about market efficiencies in the future and um what we do is we do events like this we as well work on white papers which i'm very glad that we hopefully before christmas can launch a quite large one that we elaborated in the working group and we support universities and students um and enterprises to come together to do research uh on the topic of enterprise blockchain solutions so that's what we do and i'm very glad now to hand over to monroe to introduce our first speakers thank you denise yes we have the first uh um speaker which is eva oberhalter she

is a chief growth officer at cardano um obviously she's going to present us about how we can monetize data in the future and i think you have a special focus on the asia market so you know um just for the information for everybody we're gonna have questions at the end after the three speakers uh eva uh the floor is yours thank you thank you i think we're going to see some slides soon right

exactly share yes do you see something we we don't at this point um maybe it takes a moment to kind of switch okay i think you should have the right to do that somehow i'm so sorry okay but it's not popping up

so maybe [Music] i'm not really good at multiple let me quickly check if anybody else has the slides i think so ever i will send you an email quickly and you can send it to me and i can put it on the screen moreo maybe then we can have tram or evangelos um go first yes please and then we can have a second yes okay good um then yes let's um let's have the second speaker tram um you're the co-founder and ceo of moby right you have been into space for quite a while i think you know what's interesting to us

in this session we're not just talking about financial industry this time we're talking about different technologies coming to bed together and monetizing that so tram floor is viewers go ahead thank you thank you for the introduction um i think you should see my screen now i'm correct uh yes we do okay okay um so uh thank you uh and it's been great uh organizing this event with the cva and thank you cardano for sponsoring our event for the next 10 to 15 minutes or so i will talk about moby currents technology

and and the future technology initiatives that we are calling the mobi technology set we started working on the ecosystem for the what we call the minimum viable community in early 2015 and three years later in may 2018 we launched with 35 founding members and now we have a hundred and growing we are working with our standards our members to create standards and digital ways to identify all things mobility including transactions and moby itself is important to note

that we are technology and ledger agnostic why are we creating standards well before adoption of any revolutionary technology industries needs standards um to give specs and to build the foundational infrastructure so that we can create products and services that can communicate and work together why is the mobi community the right place to start and create these standards well cumulatively the community has upwards to 15 percent of global gdp we have over a hundred years of trusted

partnerships with cities and government and consumers and we have the ability to assign digital twins the ability to install secure wallet at manufacturer and the ability to build payment channels for the ecosystem moby currently has six working group the first one had of course to be vehicle id and that one launched our first standard last year the second vehicle id working group just finished discussion this year and now it's drafting the second standard so essentially the first vehicle id standard was for the birth of the

vehicle and now vid2 is is writing a standard on what happened to the vehicle from birth to grave and the usage-based insurance has drafted the standard and now it's being reviewed by the working group members electric vehicle grid integration evgi we pushed out our standard last month and none is being reviewed by the community connected mobility data marketplace we has concluded discussion and now we're in the process of drafting the standard and the two working groups that we launched this year the first one was supply chain

it's going through technical requirements definition and the standard for that um is from from materials to parts and parts id and when we have that standard it will be connected to our vehicle id and the last working group we launched so far is finance securitization and smart contract and we are going through business requirement definition for that although we are a blockchain-based standard producing blockchain-based standards for the ecosystem we don't see ourselves as a blockchain organization we see ourselves as a community project blockchain is not a standalone

technology the convergence of these technologies that you see on the screen here together with blockchain will give anything a secure identity be intelligent and securely interact and transact with each other and these capabilities will define the future of mobility and how we consume mobility we build an ecosystem to for what we call the new economy of movement which we believe to be a multi-trillion dollar opportunity for connected mobility and infrastructure exchanging data and payment seamlessly no matter how good the standards are at

the end of the day they are just pieces of paper with writing on them they need to be adopted and implemented to create impactful outcomes for the ecosystem and to do that we have started two more initiatives one is the open mobility network which is the omn and then the second one is zootopia application marketplace platform this is a very simple architecture overview for the mts so the mobi standards the omn and zyotopia are the three distinct layers of the full stack for the mts and here is a more detailed architecture for the mts

on the left is movie working groups working to create standards and the standards themselves will determine what kind of data and core services are available to the omn so what the element is essentially is a protocol agnostic business to business network that enables all the stakeholders participating to share exchange and monetize mobility and transit data and the share core services that we come up with for the omn will allow all the applications sitting on top of it to be able to communicate and talk to each other so instead of getting apples and oranges we'll get apples and

apples and the zootopia marketplace platform built on the top of the omn which is on the right side of your screen here is built on blockchain to enable a very important feature which is data privacy um existing marketplaces out there as mentioned by dennis is built on current technology with very similar business models to scrape and monetize data from their users and movie has over 100 members and counting and most of our members are competitors therefore we need to provide a a platform zootopia platform so that all the members can come and do business and

retain their business models and the customers and not worried about being being approached and to bridge the members to our moby uh to the mobility consumers we want the consumers to have just one app instead of download downloading a hundred apps from a hundred members in our ecosystem uh to do business with us so zootopia gives the consumer what they want and expect a base of research which is a seamless experience on one platform in the blue boxes at the bottom of the screen right now are the different use cases that are being explored by each of the working group

and these use cases will produce standards that determine what data and core services are available in the open mobility network here is a full stack example for usage-based insurance the mobi ubi standard covers the major insurance use cases and then from the standard trusted and permissioned data for example such as identity or driving history is available to the omn participants and then insurance carriers participating in the omn for example the ones listed here on the left side of the screen can use the data and core services

uh available to them uh to offer usage-based products to consumers like uber drivers car rentals and so on through their own doubts and the platform itself has a similar look and feel to to all the map-centric apps out there and cities and government can use this also to encourage green mobility and green behavior for example during traffic congestion cities can offer incentives uh for the drivers to take a different route and not get into the car at all uh recently the city of los angeles issued a study where around 70 percent of people in the cars

during rush hours are actually not going to and from work so if they can give them incentives not to get in the car at all that would be a great ring of the of the traffic congestion um and then the city can also give other incentives like walking to your favorite restaurant for dinner instead of driving and the the incentives given by the city um can be trade in for all the service that's offered by the city um satopia is a tokenized ecosystem so we're mobility asset owners and the the ones at the bottom of the hourglass here can be connected to the consumers at the top of the hourglass

through a single payment platform and at a high level there are three components to this ecosystem as well and there is the marketplace which order offers data privacy uh therefore competing mobility players can conjugate and the user can come and and consume mobility services without worrying about data being pushed and the second component is a utility stable token to facilitate transactions with low friction and there is the community to create adopt and implement standards we've been doing this for a while and

this year has been very encouraging to see governments around the world launching more and more blockchain and mobility initiatives in the u.s for the first time the u.s department of transportation requested proposal for blockchain application and mobility there were 122 proposals and uh the award went to four university with research labs and all the light blue states that you see on the screen right now those are part of a initiative called roads growth usage charge west ruc west and those states this summer received a

first award by the u.s department of transportation to start doing experiment in blockchain application for road usage charge and the eu commission this summer asked moby along with two other organizations to present internally to them what do we all think the first use cases will be for what they call it programmable money a machine to machine payment and it was encouraging to see that the other two organizations along with moby all think that mobility will have the first use cases and ava will talk

more about asia but asia has actually has a lot of initiatives coming up for example south korea was the first country to announce and that their highways will have blockchain power tow payments and in may um south korea also launched an initiative issuing blockchain driver license um and by august a million of their citizens have opt-in for this driver license and they are also working with japan and new zealand and to pilot road usage charge and japan is looking into issuing digitized driver license and um

it's also worth noting that in july china issued a white paper the government issued a white paper on smart city initiatives using blockchain and one of the large component of course is mobility in smart city good um so if you want to learn more about moby please go visit our website and and follow us on social media thank you tram we got two questions what we're going to discuss later uh but i'm going to post them to you so you can start thinking about it they're very sophisticated standard oriented uh you

get them on our chat now as next we will continue with evangelos uh he is the head of digital ecosystems at swiss re um thought leader and advisor uh in the insurance industry so we're very interested to hear uh how you guys are going making use of iot ai and blockchain in your space very good so hopefully everything works perfectly you can see my screen let me know and well you can hear me as well we can yes oh perfectly perfect so i'm not going to talk too much about what we

do how we do it rather than what what really matters to consumers so i won't talk too much about insurance i will talk about from consumer side what will be important so let's see about how we're going to change or how the mobility might change in the future and so if you think about how did you lately consume mobility and how you might consume mobility in the future so there will be still some traffic some public traffic uh transportation sorry there will be still some shell mobility there will be still everything else that is here already so nothing new but there will be some new mobility types or new mobility models or business

models and the interesting part of that would be to think about how does also micro mobility change for the time being this is what we see in the streets but you can imagine that new models are going to be introduced something like this here from toyota or sorry this one here will be from toyota here so this micro mobility space will dramatically change i would say over time because the need the jobs to be done will not disappear it's the other way around people want to go as fast as possible from a to b so we will see some new models and the question is finally considering all the mobility needs and

what will be about it will be about the mobility customer and the question is on on the mobility customer so what's going to be so important from a customer point of view so imagine that you have today's different apps you might using it some of them are really very cool to use some of them are really very very hard to use and we use our insurance industry we are not very very good at let's say the customer experience on on the mobile phone so far so at the very end i would say it will be about a seamless custom experience so the customer will really really demand that

and this is what we just have discussed just in the previous presentation but think about what is there in the market so everybody is using uber apps and everybody's using the lyft app probably with that there's almost no differentiation and if you go to different markets like in china or you go to to india all of them have a very very very similar business model and the question is if new entrants are entering the markets then you need to get started differentiating and differentiating means you cannot do it the same way like everybody else otherwise the price will just decrease dramatically so the question is how can you differentiate and the question is also if you need the different chains on the interface how can you do that just two examples

one is the uber example where you have different kinds of transport and they started with urban air mobility on the left hand side on the right hand side you see the micro mobility areas and in the middle this is what is known if you go to other marketplaces like southeast asia then there's another competitor so grab just bought a couple of years ago uber and you see there are new types of mobility which which could be interesting like grab family here or grab pets so you can write your pet on the same thing so there are much more kind of products being offered on that and the question is who will be able to fulfill actually many many many needs here

so uber as i chose before investing in many many other types of transport and there are other players in the markets doing exactly the same thing like gotcha here in the u.s or now we have collaboration on the left hand side from bmw and mercedes because part of the pie is about being in direct relationship with the customer and exactly the same thing happens on the right hand side like toyota's thinking about how do they need to develop the business model in order to stay relevant in order to be in direct interaction with the customers so we will see new players getting into the market and try to get as much as possible from actually

for the customers in order to serve actually different services this is a product revenue right so we have different types of transfers that are being offered hopefully in a very seamlessly way so if you consider my journey my journey on a daily commute could look like that so i will get my crypto service going to the next train station get the train perhaps then i need to share a bike and then in the afternoon i might get a kind of uber drive in the evening when i go back home i take another kind of e-scooter go to the train station again and then go back home again so the questions if i want to do that how many apps do i need and the

obvious answer that i need a lot so only to managing this kind of journey i will need about five to six apps doing that simultaneously and is this the customer center view no it's not of course there are other solutions and this is a question uh how many apps you want to have we just heard it before the single app that will kill actually all this um whatever offer actually all these solutions integrated let's see how this is going to work out so think about if you go into the micro mobility space where you have different participants already in the market and the question is do you want to download all the apps here and i'm sure of course you don't want to do that and there's

already an app transit app doing exactly exactly that integrating different services into a single app does this exist here in zurich no it doesn't not get but you will start thinking how can i integrate other types of transfers and of course you know whim that is integrating a multi-modal view however you know this is on a subscription basis so it's not an on-demand thing it's a kind of mixed thing it goes to the right direction that's exactly the way it should be but think about further so this again southeast asia this is the killer app from southeast asia called grap and you don't see only mobility services so you see the car bikes here that's cracked but then you have

hotels and videos and e-scooters and everything around that and there's another competitor actually not a mobility provider it's another super killer app so you have a super ecosystem competing another super ecosystem so we're not going to talk here only about mobility we're going to talk about consumer needs where mobility is just one part of it and only to show it mobility is one of the killer features here but also the other one like the trip planner like i showed you before so the kind of customer interface will play a fundamental role and this is why you might only need one app actually managing that one but think further

what will happen as an example if google or another player has so much trust to the customer that he knows where the consumer is going perhaps you might have access to the calendar perhaps you might have access to other kind of insights contextual insights how come if a provider could actually contextualize your mobility journey and offer the products that are matching to your mobility needs immediately so this means that your behavior is being tracked but also in a prescriptive way in other products being solved or offered also the mobility products have been

offered seamlessly so you don't need to think about um to get access to an app this is going to be handled actually in the back end on the background for you so think about you have a smart assistant that has access actually to your next kind of next best action which is a meeting somewhere else or in the evening you might go back home and they know exactly the so they arrange actually the services for you where the contextual behavior insights are driving the marketplaces so we turn the market around this does not exist yet i know but it's just a matter of time until you get enough trust and you change the business around that the consumer is actually not thinking about which is the best service

that the assistant is doing that for him in the background for him and you don't need to care about any any things in addition this will create a kind of new competitive landscape so the competitive landscape between openness this is on the um on the horizontal axis and the personalization of products or on the journeys this is on the vertical axis and if i try to map here different different players in the market you will see on the bottom left these are more the classical oems that of course want to go towards the top right as i was showing before or you go from a this is a red bar on the right hand side right top where you have the google assistants or the kind of behavior

insights provider that can map you what is actually relevant for you and they will do everything that on the back end this does not exist yet i know but grab is there go check is there and other um ecosystems especially in asia or in china are existing already so there will be a kind of new competition that we have not seen so far and the integration of services would be the killer thing in the very end so think about if everybody can now finally create mobility services think about if everybody can create banks and think about if everybody can create you know insurance products what will happen then to the competition if everything gets commoditized you need

to differentiate and how are you going to differentiate again how many apps you want to have on your mobile phone that are start caring for you and by carrying i mean they need to deliver a service like the augmented reality of the vr or augmented reality here where you are on a micro mobility trip and it tells you actually where the next station is and what you need to do next and so forth and so on so you need to integrate at best customer experience in order to stay relevant so the product side will not be really differentiated it will be the customer experience that makes the race and the question is how are you gonna

drive a relationship with the consumer in order to stay relevant this is why the consumer interface will make the difference in the future and this is my last chart we all have started from a digital product a digital service this might go into a digital platform like the ubers the dds in this world what we have seen so far but this will not go this not this is not going to be enough we will see digital ecosystems that are have a holistic customer driven view that are there and that are going to be stay relevant because they want to deliver best in-class customer experiences in order to fulfill their needs thank you thank you very

much thanks a lot devon that was very interesting and i think we you know you've picked up a lot of things which are happening uh in asia too right i think a couple of these providers are very asian are coming out of asia which kind of leads us to the uh to eva which we had initially i think ever you're now ready uh to share your slides thanks a lot angelos yep we're going to take questions at the end about you there hello yes okay great good so um does it work with sharing now i

hope so and otherwise we have a backup let me try that's very good all right yep something's happening good very good is it yes fantastic if you if you go full screen then we can see it even better i am on full screen okay it still looks a little bit wait a second you should have tested that yeah no not full screen more

presentation mode on my powerpoint slide i guess right yes down on the right yes that's perfect do you see now yeah we see that you have pressed the button we're just waiting for it to happen okay or do you have two screens maybe because i don't see the screen anymore it's just my presentation that's why you have to guide me through yeah yeah so maybe we can only see the small thing maybe what they suggest that you just increase the size on the right on the right where you are right now on the bottom too high a percentage and

then i think we should be able to do it yeah yes that was a little bit too much just where you see click add notes can you pull that down all the way down there's a bar above click add notes you can move that to the bottom and you can also close on the right side that little x next to format background when it says format background on the right side you can kind of click that away that gives you a little bit more space is it working now uh yeah almost you

just yes it's weird that the the presentation mode is not working yeah if you make it a tiny smaller than i think we could like this a little bit more yeah let's go with that let's go okay so yeah so eva you're gonna introduce give us more some insight how to monetize data exactly so that was actually the perfect introduction um where we talked about digital ecosystems

and i probably go one step further and talk about digital and decentralized ecosystem since we had cordano we are a blockchain project um as you might know and um i'm very happy that tram actually mentioned what's what's going on in asia i also um won't focus too much on asia because i think what is really valuable for you to know or the valuable insights i can bring to you is really from a tech perspective and don't worry i'm not a tech person or not a programmer but um i will just show you what the status there is and what are now the the next steps we can do where do we stand and

what are the next steps and the big things that are happening and we already work with a lot of governments um together to get actually their government and in the next step their city smarter and i think that's probably the the valuable insight i can give you um when we talk about data monetization um i think it's important that we first look at the entire ecosystem and what is needed and therefore i quickly want to give you a short introduction of what is what cordano is um as to bring a new standard we want to challenge the old and active

new age and come up with a sustainable and global distributed innovation across the world so what does that mean we are a third generation proof of stake blockchain network which is now developed into adapt development a decentralized app level um development platform with a multi-asset ledger and verifiable smart contracts and i won't go into details but this is for the techies that really want to understand where we now stand um what is important is that we aim to be leading in scalability interoperability and sustainability and one important aspect is that we prove of stake and this is also why we call ourselves the third generation blockchain um

because um before we had bitcoin we had ethereum they were both on proof of work with very um cumbersome processes and we actually have to to to a new era so um what are the entities between cardano we have three main entities one is the developer company um iohk then we have the foundation which i in which i work for and then we have a morgo who drives the the commercial adoption let's say and um what one of the the very important aspects of the protocols design is that it's geared toward protecting privacy rights

um and also taking into account the need of regulation the leads um or the requirements that regulators are now um publishing especially like the travel rule etc for those who are more in the blockchain sphere so this is this gives me a bit the perfect introduction into the topic data monetization and um and the future not only of mobility but of a trusted ecosystems um which actually lets me start or before we talk about data monetization i think it's important that people understand what it takes to get there so

what is needed to get to data mobility um data monetization so where are we at the moment as a consumer our digital interactions are owned and controlled by others um so today if i'm a consumer our data um for example i sign up with amazon or any kind of platform i give them my personal information which they store in their database and some in some cases they even monetize on it um and this actually creates a honeypot for for hackers um because they can have only one platform and they basically get access to all of your information but also the information of other people so um

the major issues are the identity threat theft data breaches data harvesting fragmentation and the user experience is really bad and i will come to that um from a business point of view um we can flip the model over and look at the business side so businesses face significant significant risk high costs to secure personal data um because they need extensive and expensive resources to secure the private and personal data of all their clients that means they have high compliance costs the data security costs are immense broad costs customer trusts

and also they have to to provide their customers with a good user experience which is quite quite tough um and this is why we currently see a trend that enterprises and businesses are designing serverless application and go into cloud solutions um what does this mean in this entire evolution phase in evolution space as i mentioned we have um we have different faces that will bring us to data monetization but before we get there i think we we have to we saw now um that the ecosystem how it is we saw that phase one is actually marked by a

decentralized externally controlled identity which means we have sort of a decentralized identity where your data is stored and on many different platforms and the biggest challenge for yourself is actually to the user experience you have to maintain about 30 to 40 accounts you showed the app before so which app you choose for every app you have a different password um so that's really cumbersome and and um and super um super complicated as a consumer so what we saw uh what we see today and i think those faces go a bit hand in hand we see a phase two which is actually a federated identity and an identity that

our data that is gathered by google and facebook um and they actually um they they actually save solve the pain point so that you can log in almost everywhere with the same account which is from a user experience perspective um it delivers a better experience but however this comes with the cost of you of your privacy and you actually share with them all your data which basically means your life they know where you walk they know what you do they have the full record of of anything um which is from a from a from a client perspective probably also not not the thing you want so and um what we currently see is that

we are entering a decentralized self so brain identity environment and what does that mean a decentralized identity or an identity you can manage by yourself that's a system um or let's say it's actually the next step and this is where blockchain kicks in which tries to keep the user experience exactly the same than in phase two with google and facebook um but what changes is that the the data is stored or your digital identity is stored um decentralized so um it allows you to protect your data and privacy in owning and therefore

controlling the amount of data you shared the duration and in the future even the price of your data which brings us to then the fourth part of the data monetization um so what is the driver of this new paradigm paradigm i mentioned blockchain why can we now leverage in such a technology such as blockchain the traditional identity system of today's as mentioned they are fragmented they are insecure and they are exclusive you um actually you needed kind of a center a central entity which manages and secures your data

um blockchain now enables more secure management and storage of digital identities by providing a unified interoperable and temporary infrastructure which is a key benefit not only to users but also enterprises and which boosts the entire iot space which we which we believe so the the main characteristics i don't want to go into detail what blockchain can do or not because i think we are quite a an advanced um or we are quite advanced in knowing um knowing the the the advancement

but um the most i think from a from a user point of view i think a censorship resistance that it's important to mention um because blockchain infrastructure is run by everyone um and it's not run by a central party and it's resistant to platforms so if platforms get hacked or face sanctions from a government your data is still safe that brings us actually to the topic of the smart cities um what does it mean empowering an econo a new economy of trust uh when you talk about smart cities there are different models a few different ways to look at

the definitions but i think what we all agree on the notion of is of the notion of a city with autonomous and connected operations which handling and handles different aspects of your urban life and um also actually are driven by a widespread use of information and communications technology this technology is essential or this will be essential to to actually drive economic value and if access to or give an entire new access uh network experience um but in order for that framework to develop it's it's its participants have

to work closely together embracing the new information and communication technologies in the case of a smart city there are three main categories of participants in this new economy of trust on the one hand we have the government on the other hand we have the citizen which is at the same time the user and the third parties are the businesses the organizations and the service provider who actually can then also build on that ecosystem and provide further services and um application or even decentralized applications um if if so on and

i think this from a tech perspective we are actually quite close to that um development and um i can say that because we by ourselves we have actually our our um one partner in our ecosystem iohk who's actually building who's who's building the entire technology around um cardano they also have um launched atala prism italia prism is actually really an uh a tool or um a provider for digital identity and um

how do i or not even a digital identity it's it's actually a decentralized identity and therefore the first thing that is now needed from a tech perspective in order to to bring design to to launch this entire ecosystem or to make your your data um monetizable is um a decent so-called decentralized identifier so um the simplest way to think of this decentralized identifiers um it's a secure backup and restore you have all your credentials that are issued and stored on your device and secured by biometrics so you have a

known device where your entire data is stored and only you can access this with with your with your biometrics for for example at the same time there is this so-called secured wall that holds um the encrypted credential from your decentralized identifier so that means all your data is um is encrypted and basically available but only you can decide who can access it via your decentralized identifier otherwise it's just pure pure key and and signs that you you cannot really um decrypt um decrypt the information

this encrypted data store can live within the cloud or can be hosted on amazon or can be hosted or on on anything that doesn't matter so it's not even necessary that you have all your data at your at your device it's actually really it's on the blockchain and um and it's divided amongst all the or the participants or the one that are interested in using your data they you they have to come to you are um they actually have to you have to give them permission um that they can access your profile and content you've created for example you i don't know you're a writer or you're a musician um you can then actually give rights out

or decide to whom you give your rights with what price um and define what what the terms are of your license or from for handling out this data so this is actually the next step and this is when really the monetization of data kicks in but this will take a while i think um what is important to to see and to know is that we need this entire ecosystem we need this entire network to be um on the blockchain or to use actually um this digital identity and we also work together we have a pilot project a pilot market we are now

testing it's the georgian government so it's uh eurasia but that's probably the strongest use case i have at the moment so with the georgian government they actually intend to become totally paperless um in various areas especially in transport and um and there we look actually at the moment um to to provide them a platform where they can build on their services where actually you as a as a citizen you go to the government you do exactly the same process as you as you know you take a picture they take your your credentials but then actually they they put it on your personal identifier

and um and and by proving it and by having this proof on the blockchain it's actually it's it's temper proof so nobody else when you go and travel and views transportation or if you have to share data um it's automatically the the counterparties don't even have to access your data they automatically see um because the blockchain is tamper-proof that that actually yes this is um a citizen off and this is and they just get get the validation without actually entering your data and this is something now we we're trying to to build and we

we now um elaborate thing in terms of other business use cases uh sorry um we have various areas because i think it's if we if we solve that issue with the digital identity i think we have we there can be built many um many business models around that um that data model and especially for enterprises it will be very interesting because most of the enterprises and this is also a bit the trend that we see now it's probably the moment more cloud-based but a lot of the enterprises they actually um they don't

even want to own your data so um they also happy if if it's just uh if they can actually just access the data they need you give the permission you can even set the terms um with with smart contracts that's on a blockchain set to terms and say like okay for this data uh you actually have to your your telco you have to store it for two years for two years and afterwards you won't be able to access the data anymore they don't have to store it anyway because it's um it's in within the network and um models like this are actually are actually in uh within

any any business um any business models in the government as i mentioned it's digital id we have civic records we have licenses we have certificates we have awards in travel we mentioned there we are highly engaged now with car sharing memberships um probably to to what we heard before the new model is as i mentioned it's not only that you have different application or you combine these application um in that model these applications are still owned by someone by a company by uber by whoever by um lime and and and so forth um in the future

when we talk about a decentralized autonomous organization it's actually you can even be part or member of this um of this application and recreater if you if you're part of the blockchain and this is also once we we reached a point um of decentralization i mean that's cardona will belong to everybody and i think that's then then we are entering really the new economy um and uh yeah probably certain questions we have today um will be solved automatically thank you thanks a lot eva for that introduction um

i would suggest that we just start from my side that works works um i suggest we ask we answer you uh we check your questions first for cardano and then we we take the ones from moby so we i think we had a kind of more generic question about cardano um how that compares to first inject second generation blockchains uh i guess you know so the question was about security i assume that you know how is how is cardano doing versus bitcoin uh i don't know if you if you can kind of relate a bit on that question first yes

can you hear me uh now we can okay good um so um what we i mean the first the first um aspect which i mentioned uh which i mentioned before is like we we are proof of stake that means um we actually have a different consensus algorithm proof of work bitcoin and ethereum they actually if you know it a bit you you had to um run through really heavily computer you needed computer power in order to to to come to consensus to validate blocks and our blocks are actually validated by by a new consensus mechanism and something that really distinguishes us from probably all the blockchains are that we

are very much scientific driven so we work with a lot of universities um we have this peer review which you know um which is very common in academia so before we start programming uh we actually first um let it reviewed by by academia and and by experts and then we start programming so that's probably one aspect then the sustainability aspect um also you want to create an entire ecosystem and this is also a part why we have to say teleprism we don't only think of the blockchain itself we think of okay what is needed in action for such a new ecosystem to thrive and um the technology is no way not always in in

like the most um important aspect it's it's the use case actually and we want to bring those use cases um to life we also have um like projects in africa we have a project with the united nations where um we give out funds for for actually good projects that uh that are now possible and from a technology point of view we really try to come up with with the tech stack that is also unique um like what will come like within the next few months or even weeks is we we have an own um let's say programming language uh pluto's that's more for developer that they uh can

actually build on the cdna blockchain but then we also have marlow which is uh just a drag and drop tool for anybody for any enterprise who doesn't really know how a smart contract works and it's like creating your own website it's like if you want to create your own um blockchain project and based on a smart contract you just you can do it by yourself and so i think in in summary it's really that that we looked at the tech we validate before before we develop and there we have very high uh very high ambition um probably another one is very very inclusive this is also um one of the i think we have the biggest community or

one of the biggest communities in the blockchain field which is really amazing and and they they are proactively helping us to to evolve the protocol and um yeah and and the other aspect is the more just in sustainability that we really try to to make a difference there too and and come up with much more efficiency scalability and um like making this entire blockchain actually more more scalable yeah could you elaborate a little bit on sustainability you know kind of we had a question around that uh what does that mean in your terms so one aspect of sustainability is really the new consensus algorithm that actually we

you don't use we have kind of a and consensus algorithm which is not based on computer power and we have like very um very smart mechanisms how we can be as um like let's say how we can have as much as transactions as possible to to the least usage of energy let's say in a very very broad summary and the second aspect is more um that we really work with institutions as mentioned in in with the united nations but also we have projects in africa where we actually we not only want to give access to

let's say um unbanked people to banks because we believe it's not only banks that are necessary um but they need to have actually access to to those solutions that that are just normal for us um which they don't have and and we actually with this blockchain we tried to with with our projects we tried to give them the access to and certain utilities they they don't have at the moment very good thanks a lot dave there's two more questions uh one is um you know you mentioned a couple of use cases uh for secure identities um the question was about how we would use that for patient dossier how you would see that

um i mean as long as it's encrypted you can use it for anything right because it's not um i mean it's you own the data and it's actually it would be very positive because i former before i worked at cardano we also i worked on a project for ms patients and we were happy that we had access to a database with a lot of information about patients we didn't care about who the patients are but we got a lot of information and thanks to that information we were able to build um actually an an um an intelligent tool based on machine learning uh which can really take on so many data from you and

compare that and give you the best treatment and that's just one use case and if you go one step further in in the terms of data monetization what is also possible in the future is that you actually think of you have a lot of a huge record of your your um medicine your health data actually you can also sell that that sounds now a bit weird but actually if uh rush or or a bigger pharma company they do research and developments they need actually data from patients and um in order to do that they can just reach out and say like hey we need actually someone who's female who is between 20 and 30 who has this and this characteristics would you share the data with us it's going to be on an anonymous

basis and we pay you for that and since you have that all in your own digital vault or bullet you can actually allow them access and get paid for it that's like one of the cases but there are like many similar ones i think the first argument is really get better intelligence and the second one is is related to data monetization that you get and for the companies it's i think it's it's good it's nice to it's much easier to to get to such data thanks a lot deva um so we have a few questions i would like to continue with uh tram for you uh we got a couple of questions around some standards tom and and others which i think you know much better as we so uh

if you uh could maybe elaborate on these questions that we got from mitos and amir yes um i don't think i need to read out a question correct people can read it but but regarding two standards uh we each working group we have two co-chairs and the coaches are made up of members from our community and then the moby staff has we have a technical lead we have a working group lead and we have a fellow and together the five of them even before launching uh the working group uh do extensive research uh to see what standards are uh out there what uh what publications have have been regarding

the use cases that they're interested in and then from there they designed the project and the use cases so we don't have enough staff to reinvent the wheels we don't want to reinvent the wheel because at the end of that we just have a garage full of whales and and no no car uh to go anywhere with that um i hope that answered the first questions um and then the second question uh is about the uh vip standard um yes is is uh similar to uh distributed identities when we call a vehicle id we are not just limiting it to uh the car uh it's actually for all

vehicles uh including scooter bicycle motorbike uh and andrew and and uh delivery trucks um and um we are about to uh launch a mobi european chapter um which uh technical leader which is higher is based in germany and uh that along with that we are hoping next year to also launch a working group on gdpr and california privacy issues around ids and what data should be available and not available and then i think that their question here is about our platform um how scalable it is right now the zootopia

platform we have it in beta version one is ios and one is android and uh it's built on hyper ledger for for right now and we are wanting to also include other blockchain other chains also and uh from the testing that we've done so far it's about 200 uh transactions per second and it's i think it's enough for what we're trying to do for now as the technology mature it will become much faster i think i answer all questions correct there's one magic question which is scalability right obviously you know we're transacting today a lot on these blockchains now

with iot and other kind of like dimensions coming into this i think the transaction volumes obviously could just massively increase and and that's the you know the question is where do you see limitations there right so i'm not a technologist uh that's not gonna be something that i can answer but maybe the the panel next uh bobska could um could answer that uh for me if i can reserve that for the ban on it okay good okay very good um do you see america in connection with okay there's a couple of there's one more question about vehicle id let me just read that through i guess several

groups are working on standardizing separately do you see how how such id system going to be several id system would exist or going to be only one standard rule established so i guess she's saying uh if we're going gonna have that single magic id um i i don't think so i think uh there might be different uh type of ids for different ecosystem i think the key here is that uh there has to be a way to be able to communicate from one ecosystem to the next yes interoperability so are we going to have the same which evangelist told us that we're going to have an aggregated id of all ids of all ids um i again i'm not a technologist so

maybe the next panel can answer that question okay very good okay thanks a lot uh tram so i would suggest we we're kind of one minute ahead of schedule which is great so i will pass over to dennis he's going to introduce the panelists and also what we're going to talk about thank you dennis uh yes thank you thank you very much mo raw um yeah i'm very very good presentations so far and now we come to a more interactive section with the with the panelists and i'm very very glad to welcome with me tonight um or today uh on one side uh uh

baskar i will not even try to look at it on your on your on your last name uh but is professor uh for electronical and computer engineering at the university of thousand california is calling in from from from california today as well same as well as uh chris baliner the ceo of moby uh as well from los angeles joining us here and then we have two swiss representatives on one side vitus aman who i know already from the old days from mona tassa who is now uh a senior advisor for digital transformation at

the swiss federal system which is our main public transport provider in in switzerland and um and then we have stefan mignon who is head of the abnormal uh incubator anomaly is a leading uh software house in in switzerland and he is as well board member of carl dossier which is one of these platforms for used cars that we have here uh very glad to have you all here um and as i said the topic is data monetization um for the new economies of movement or the new economies of mobility

first of all and we had that already in the presentations a little bit what are these new economies of movement and i think we first before we talk about more monetization of the data we need to explore a little bit on that topic so my first question vitus goes to you um the sbb the swiss federal railway systems is a traditional player and incumbent in that area and just to get for all our international guests a little bit the uh to um and relationship here i mean switzerland and japan are the biggest rainbow system users in in the world uh

by as well kilometers and distances that you travel with in based on the population and now of course the incumbent becomes a very important role because you are the public transport company here and what is your vision on the new economies of movement well thank you for the flowers we are probably in switzerland a bigger player in public transport but public transport only accounts for roughly 20 of uh total mobility so we have to put that in perspective and i would also uh like to start with putting the new economy into perspective

because we have already quite some threats and opportunities pointed to us in the current situation basically mobility is an ever-growing customer need since mankind has started moving around we keep enlarging our radius of movement both for commuting as well as for leisure purposes i assume that the current contraction due to the pandemic will only have a temporary effect because it's a mega trend which which we see since uh centuries basically having said that uh it poses also the biggest threat to how are we going to move around all these masses of people especially if all of them want to travel at the same time

just imagine looking at the picture evangelos showed at the beginning how many scooters bikes or micro shuttles you need to replace only one underground carriage and add those to the already crammed streets we see nowadays therefore the new economy needs to be much more a clever economy and as we strongly believe that we need to combine all kinds of mobility services into this sort of clever web of mobility services if i look at the narrow space of public transport which you mentioned is quite advanced in switzerland we have by and large achieved it if a customer wants to travel from one public

transport station to another anywhere in switzerland she can do this with one single ticket independently of how many of the 250 transport companies in switzerland are involved in this journey the biggest disruption we see for the new economies is obviously the advent of autonomous cars we do not know when they come how they come but we are absolutely sure that they will disrupt our way of moving around and much more on the way where we live how we live probably in a way as did the cars when they replaced the horse carriages many experts foresee a huge increase actually in traffic volumes so our

infrastructure might barely swallow that increase of traffic therefore again clever management and capacity utilization will be key you will not be able to afford autonomous cars driving around with just one passenger as cars do nowadays so mixing and matching millions of customers with tens of thousands of autonomous shuttles and cars and whatever there will be will be quite a challenging task as sp sbb is today the backbone of the public transport the opportunity we see will be to become it in the future new mobility as well the threat

actually is just to miss out this opportunity and leave it to one of the global tech giants as evangelos mentioned it in his uh speech therefore working hard on best customer experience is the key challenge for us nowadays well um chris us c ceo from the mobility open blockchain initiative moby um what is what is your vision on on these or what's your understanding of the key challenges and opportunities of the future ecosystems of movement so let me um maybe uh say two things

about the the ecosystems uh one is the the ecosystems that we're talking about are a convergence of existing ecosystems of legacy players in different industries uh coming together and mixing and matching in entirely new ways and i one example is uh this new mobility is a uh is a mix of the communications of data of traditional mobility players uh and even of infrastructure operators right coming together in this ecosystem to uh to make better use of the assets that are there and their

their their various strengths uh the second thing about the ecosystems is it's a uh a monetization ecosystem it's a transaction ecosystem uh this this notion that uh you know blockchain uh allows you to uh have secure identities the ids and uh combine that with uh with with with ai and iot and suddenly you have uh things and mobile things in the case of vehicles that have the ability to uh to communicate with and more importantly to transact with other things other vehicles infrastructure in in ways that are wholly new uh and uh open up uh an enormous amount of value

because it can monetize things which are today not monetizable uh data being uh you know the the one that we're talking about most today but also infrastructure itself uh the the vast majority of the world's road infrastructure is is unmonetizable uh you know with the with the the minor exception of freeway uh tolling uh most city infrastructure road infrastructure cannot be monetized because it's more expensive uh to charge for it uh or just technically impossible to charge for with existing technology and this this notion of of connected vehicles with digital ids enhanced gps the ability to have two-way communications in and out of the cars

we'll open that up for marginal cost pricing for congestion pricing for urban tolling for enforcing green zones uh for uh carbon uh emissions pricing pollution pricing and uh drone air space pricing on and on and on and so it's tens of trillions of dollars of new opportunity yeah well but are you from from the epic academic view on it i mean what what are the kind of i mean you probably look even even a step further as as as the near future i mean what what are the things that you see on the long run so i think if you look at

vehicles in particular um they've really transformed from being primarily mechanical platforms to computational platforms they're data driven they have hundreds of microcomputers on board and powerful computers to process the data for autonomy they are networked um increasingly with you know more capable v2v communications as well as 5g and so as you're seeing the shift in what a vehicle itself is these vehicles are themselves becoming more capable of offering digital goods and services and consuming these digital goods and services this is you know sensor data software to process that data it is

computation ability it's storage and the other thing that's happening i think at the same time is vehicles are going to become much more flexible in their use uh certainly they will carry passengers but also become increasingly delivery vehicles uh both themselves but maybe as launching boards for uh or launching pads for uavs um they become uh portions of the supply chain in a very flexible manner they could um you know be used in an on-demand um basis they can become entertainment platforms as well and so as you look at all of these sort of the convergence of the digital technologies with uh the

vehicular domain i think there's all kinds of new interactions between vehicles and vehicles and infrastructure that's going to drive some of these you know questions of data monetization it's what people are also in terms of you know autonomous driving right now there's a lot of focus on the single vehicle but there's a shift towards thinking about collaborative autonomy what does it mean to kind of interact with the other vehicles on the road and with the infrastructure and i think the other trend is the uh or perhaps the opportunity there is for cities to really work with mobility providers with vehicle manufacturers to to think through the implications of this new economy in terms of sustainability the environment uh traffic

uh but also helping to grow the local economy and the businesses which are also becoming digital and data-driven and so how does um sort of the mobile infrastructure play a role in that i think all of these are our trends and and uh opportunities i think a very good point it is especially that vehicles because they're moving around are as well data producers and i mean probably not in sunny california you experienced that but here i think we had during the pandemia a little bit of problem with the weather forecast because we just didn't have the data from all these airplanes over the atlantic that were telling us if storm is coming or not now an existing platform is just recently launched in this ecosystem and it's probably less about mobility

services at the moment but yes has the possibility of future but it is a platform that is connecting the data around mobility and around used cars is the car dossier initiative isn't it stefan so it's an ecosystem i think 22 members are now participating from various disciplines uh a lot of incubators but as well new players startups that are coming together under that dossier perhaps you can tell us a little bit about that existing or that ecosystem that it just launched um yes thank you dennis um yes carlos here is a distributed blockchain-based

platform supporting a complete business ecosystem around cars and the herd of the platform is a dosti of the car which is containing all the relevant records of a car during the war life cycle like import like registration services change of ownership accident and so on and the part of the ecosystem are importers insurances garages mobility providers road authorities and road federal office which contributes to the dose here and i'm using it so it's not only starter but it's really established enterprise and player in in switzerland

and um the question why blockchain actually um if you analyze a business ecosystem you are always faced with the following three challenges first one is the lack of trust between the participants and second is a bad quality of data and the third is the frictions during across company processes and this is exactly the added value that blockchain brings and this is a single point of truth this is a data hub role and this is a catalyst for optimization of cross-company business and we use exactly those blockchain features to build the cardo cardosi as a

digitization platform for the complete car industry in switzerland and not only for the second hand market but really for any kind of transaction within this ecosystem thank you very much um vitus in switzerland we have another ecosystem on mobility which is called the the swiss pass the key to mobility and laser is what it's what it's called basically i think it is a card or an account the wallet you name it um that that you have that gives you access to the 250 different public

transport companies that we have but the interesting thing is um and the federal waiver assistance is a major participant in there and sponsored from that of course but you have exactly decided against blockchain technology when you when you launch that ecosystem can you tell us a little bit why and what's the reason behind it are you muted thank you actually we have not decided against the blockchain because the system was already there funny enough the first general bonomo as we call a kind of a travel card

with a yearly flat fee was launched in switzerland in 1898 so more than 120 years ago that was already valid for 15 different railway companies at the time then in the wake of the green movement in the 80s the legal requirements were established to enable that principle of the one fair one ticket which i explained in my uh answering the last question now the governance of this system of the swiss bus and its management evolved obviously with the technology over the time so having exchanged paper copies and then telex and then faxes and whatsoever um

it evolved in a sort of a consortium so in in as it would would be named in the dlt speak it is actually a cooperative of those mentioned 250 public transport companies who run the system the cooperative is it called now the swiss bus alliance it has charged sbb to develop and run the platform on behalf of all the members i guess around the time when satoshi nakamoto wrote his famous white paper the alliance drafted the principles for the swiss bus today more than four and a half million or more than half of all people living in switzerland are subscribes to this card as you mentioned as well as the

digital identity which goes with it which is a very centralized identity i have to say at this point so instead of rebuilding the existing platform which serves already 100 of the public transport we now focus on adding other mobility services to the platform such as car sharing bike and scooter sharing and parking in order to provide our customers with a mobility experience as seamless as possible and to be prepared for the event of autonomous vehicles and being organized in the form of cooperative we have a kind of decentralized system at least when it comes to governance already in place thank you i think that's

what gives a good view and especially as well with the presentation paired with and anglos what these future ecosystems or what the existing ones are look like and it is all about interoperability it is all about um identity as well and it is about you know offering goods and service and at a later stage but at the moment i think it's really about just plugging existing systems together and exchanging the data between each other and i think mauro we have a question that goes into that direction yeah exactly quite interesting here is uh i think somebody's asking that obviously we're going to share a lot of data and obviously there's some competition between you know different

brands which obviously don't want to share the data that they capture with each other so and i think the question was you know should we have digital identity for a service right or should we kind of like how do we secure that uh allowing to kind of capture the data distribute the data or keep it in the borders of uh competition you know who who's best to answer that stephan i think yeah so i can't just give an answer regarding so okay what we're regarding this this um this use case so the business ecosystem so the topics of identity is coming uh always really on the top the priority and one of the main challenge

to to solve and uh and ava spoke about uh self-serving identity and this is exactly what we are doing now implementing in in in cardosi and we use self-serving entity whose goal is to give back to users control their data and identity and so um the data owners get full control over the data and the data the identity so the person or or an organization that all the data rights is in control of who when and why someone may access it and this means that this is exactly important in such an ecosystem to to to give this to to this to implement this kind of instrument

to be able to define exactly who is um may who may have access to that kind of data but you know just quick question maybe on that one you know clearly it could happen that nobody wants to share it right and they're going to start you know preventing others to see how would you kind of come across that problem do you somewhat anonymize the date or you know how can it be shared rather than you know commonly i think that the owner of the data is um allowed to say he doesn't want to share it and it's it and this is the fundamental right and i think this is exactly what we want to to provide uh in contrary to

global provider like facebook or google or where you don't exactly know how your data have been used and the idea of cardosa is exactly to have such a granularity of the data that you can say why it come from a record of a day of a car which which can what kind of data you want to to share and which not okay so you would say there is as well a right for anonymous travel huh i think yes yeah i think we just said this as well a problem that that we have with the public transport as well from time that people just don't want to tell everybody where they were going

you know it is indeed uh and that is also one of the reasons why we see the digital or the digital identity as one of the key cornerstones of blockchain technology or where blockchain technology or dlt applications can help most it's also when we at sbb looked at blockchains we we developed with all the divisions about 30 to 40 different use case potential use cases we did five to ten proof of concept of pilots but in the end it boiled down to two main factors which are missing in the ecosystem first is the identity and secondly is a trustworthy digital uh digital money not digital currency so uh yeah i'm all of

that frank well it is coming but you have no reach so that's that's a problem you have all those different ecosystems like the mobility ecosystem uh and i personally do not believe that there will be an identity for a specific ecosystem there will be an identity for things and persons that will which will be used in all kind of ecosystems there will be money and it needs to be a trusted money so the people know be the swiss franc be the dollar beat euro and uh no fancy other stuff which will be needed on a digital platform in order that people will engage with it

i see that there is a lot of movement going on in the terms of currency be that run by or led by facebook or by some central banks that will definitely help but we at sb also decided that the identity part will be something we want to engage ourselves and we are very much following the those developments of the ssi standards run by w3c where we see a great potential in future me just one question came up you know swiss id do you think that there is potential that to move that into a more blockchain based form

the current system which is uh developed and where the the law has been drafted is rather building on federated ids so at the time when the when the the legal framework was built or was in in construct under construction that was kind of the most advanced uh proven technology which is there so as we can see the blockchain based identity systems which you also have seen from ava they are still under development those uh those deep 3. w3c standards which i mentioned they are basically all for reference for comments so it might take another three or four years until we really can

see that blockchain-based dids will be solidified enough or proven enough that that can form the basis of those identities i guess maybe i can just add something about this i think regarding society is the question the fundamental question is not about the technology behind so if it's based on blockchain not the question is that do we want to use a distributed uh system like self-serving identity who make us to make uh the issuer not centralized like suicide is defined now but to have then another way to to pro to to to to

to to to create the identity and to prove them and for that it's more about the questions what is a business model from such society than really what is the technology behind in my opinion we talked already a lot about the the the opposite side from now these decentralized systems that we were talking about in the beauty of i mean having uh having a providers for for uh identity having providers for the cash flow having providers for the transportation and then all melting them together in kind of ecosystems and make them into a relatable way of course then you have the other sides which evangelists showed us as well and probably you uh bashkar and and chris

you're just the closest to silicon valley and of course it would be interesting to understand how how you see what what kind of strategies you see from those players and how will there be opportunities and will there be threats and what do we need to watch out for i mean i would say that a lot of the response to blockchain technology is both reactive and cautious for many companies decentralization is a threat in some ways to the way they traditionally uh kind of you know essentially own a lot of uh data and are able to exercise that and monetize it um

but also it's confusing actually to go to a decentralized world right how would you monetize a decentralized system who's going to pay for um the components of it now there are exceptions ibm of course has invested a lot in enterprise blockchain as an example facebook has its own plans with respect to blockchain there are various cloud platforms looking at blockchain as a service offerings um but i think you know it's still kind of there's a level of skepticism and perception that this is both confusing and perhaps a threat but i think something that is happening is there is a shift a very perceptible shift in a focus on privacy of data you look at apple in particular making a lot of

moves towards positioning itself as really emphasizing the privacy of data and at the same time new technologies like federated learning which allow you to train neural networks on individual data without actually directly moving that data to a cloud point so there's other ways in which i think uh decentralization and uh data monetization might happen in ways that are privacy preserving not necessarily using blockchain technology but i think these are some of the trends that i see [Music] chris i think you're mute can not hear you

no i think your mic disappeared no at least i can't not hear you i don't know about the others yeah okay this is a ptv world right but i think um yeah as he said i mean at the end it becomes a little bit from my perspective it comes a little bit into and [Music] into a battle i mean i think we will still see a battle of ecosystems so on one side it will be these uh centralized uh solutions that will make it very easy for my former for my customer experience and

from usability etc that becomes quite interesting i mean we when we look at asia we see all these uh these uh these super apps as they call them now you know that are pure marketplaces and everything is pulled together from finance from public transport from uh payment solutions from insurance solutions everything is in one in one platform and provided like on a on a nice table to the consumers now that is that is quite that on the other side of course we have all these traditional providers which as you say have their current business models and they are of course at threat inc in losing the connection to the customer or

have a new intermediary in between and and i think that is when distributed technology maybe blockchain maybe this muted ledger technology may it be uh decentralized databases connected by apis together that could be a good answer to these to decentralized solutions and i think the movie salut the moby platform or the moby initiative goes exactly into that direction chris is it can you hear us it seems not to be hearing us as well

so it seems that we have totally can we ping him on what's up maybe yeah that's that's that's true let's try that okay but um at the end i think um it still needs some kind of uh of um centralized aspects even though you have decentralized solutions and and the uh the governance behind such networks is is is a key thing and i think in car dossier and in certain models how could such a governance of decentralized systems decentralize platforms that enable data

monetization of mobility how could that look like what kind of examples have you observed on the market i can speak to some work we've done at usc we have been looking at community marketplaces for iot data and working with the city of los angeles and other local government as well as industry partners to explore this question and one way governance could work depending on you know what what the uh platform and the applications are is to somehow connect it to the existing governance systems that we have for our uh cities our counties

uh and perhaps you know in places like county of los angeles is 88 different cities so there's already a pretty robust uh decentralized governance in some sense and so um i think one possibility is to connect these types of data marketplaces particularly to the extent that the applications are intended to benefit the community um to our existing kind of political governance mechanisms to some extent and i think uh there's some possibilities there to be explored okay well i think interesting enough we see two developments at the same time because if we look at the economy as it is today especially in mobility we we do

live in a very decentralized economy i mean we have the cars on its own we have the garages we have the edd car drivers we have the the public transport providers we have the micro mobility providers i cannot imagine a more decentralized way of working together and that's only that's only the horizontal view you have verticals uh that goes for insurances and everything down it don't just pass even more so even more so and then we have to then we have this movement of centralization on platforms which some some markets like information or news or so have already progressed quite a lot by the social media and we we see the movement again into decentralization based on uh digital

platforms so i think we are currently in in a very volatile situation and i would not dare to make any prediction where the the markets are are going to however what we see is that what we've learned in the in the in the traditional decentralized world that you need to find the consortium that you need to find the government the governance be that in in a kind of a cooperative way be that with elite companies or whatsoever i assume that those models will also re-emerge in those digital decentralized platforms and and you need to kind of share the cost of developing those platforms as well as the benefits of it so if i if i

look at the at the swiss bars example which we have seen the principle is that all the tickets which which affect more than one transport company are basically sold by this cooperative and then distributed uh according the the measured um ways which which people did with these tickets it is a complex system it will not be much easier when we have it all digitalized because we just need all the information in in comparable formats which is quite a challenge and that's also the question which we were discussing when it comes to the mobi initiative what kind of standards will

there be will there be global standards will there be national standards or continental standards whatever there are there is to manage that complexity so chris yes standards i think that's uh another key thing the governance is one thing consortium important uh that everybody should platform participate on the platform should be a part of this consortium and bring in their their aspects to make sure they're not cannibalizing themselves in their in their core businesses but at the end it's as well you know the consortium there needs to as well be a governance on standards and i think that's exactly what the initiative is about isn't it

it's uh it's partly about standards but it's partly about uh building the the platforms and the rest of the plumbing so the standards can be used in a in a business ecosystem uh a shared environment for sharing data for sharing services and i i want to link this to the previous question about silicon valley because i think it's a it's a really important distinction i think silicon valley's uh competitive advantage for the last 20 years has been scraping data uh off of other apps and putting it in proprietary data silos i think the this technology uh erodes that competitive advantage and it also is something that i think uh the rest of the world uh is in some sense maybe better position than

silicon valley to do uh because uh silicon valley isn't particularly good at cooperation or coopetation uh so i think uh you know the kind of environments that we're talking about today the kind of environments that is trying to create with its ecosystem with its standards with the open mobility network uh is really the the kind of environment that undermines the silicon valley model uh enables a different business model that's more inclusive particularly for other types of organizations in other parts of the world uh and uh it's it's it but it requires plumbing first uh which is where this standard in community building uh is it comes in why it's so important

yeah stefan your experience as being such a consortium across different parties what is the things you would say hey guys if you if you want to build these kind of new ecosystems or mobility of movement that are decentralized involve a different uh competitive uh and not not only competitive players but as well players that that build together and joined value chain i mean we saw evangelos example of you you pick a train you go to a car you have a bike and so on i mean these are virtual google operations these are virtual vertical um uh

value chains um but being a consortium what would be the kind of recommendations you give to us um watch out when you when you want to build a network yeah i think the the the governance part is really important and it's something we had focus uh from the beginning besides the technology part and just having the question what is uh uh what is the legal form of such a consortium is is some is the first question for example we have created an association and all the so that all the members are equal on it and have a right to this and this is uh important to define what either design principles and to build

your governance on it and this kind of of equality is really important and in the in the case of uh of of of cardos here we have built this association the association is in charge for building financing the core platform and this is a collaboration and on top of this platform the members can build their own business model and this is a as a competition and we can really live with that a really good co-petition because uh there is some big players uh like two we have two major insurances who are competing on the on the on the market but they are part of cardos here because they are

seeing the they have a common interest to to to build this this common data and the common layer to do to make this typical across company business ecosystems processes and i think it's important to have the transparency and to be able after to to really make the difference what is the core what is specific and uh we also have so uh so cross-company processes we we want we are going to due to build so we are working now on the all ematriculation process of a car so from the from from buying a car uh have sending um uh the to get from the insurance certificate from the insurance and have to do how to

get the vehicle registration card from the road authority and to get after uh the the role uh you you your uh releasing registration card off of your your your vehicle and this kind of uh for this kind of process it's important to have a clear definition what's belong to the core processes and what belongs after to the different members excellent so thank you very much chris as co-organizer of that of this event here um what's your conclusion on tonight

i think uh what's uh what's wonderful about these types of events where so many uh different parties from different backgrounds different parts of the world different industries come together uh is it really highlights this this notion of convergence and so maybe that's the the theme for the uh for for for the takeaway uh it's convergence on so many levels starting with the technology uh you know this the combination of dlt and ai and iot and to a lesser extent perhaps edge computing and and 5g and some others uh this you know leading to vehicles uh and things generally having intelligence and being able to participate

increasingly autonomous in this in this economic system being able to transact with each other in ways that open up many many new business models and open up release things that can't be monetized today and open them up to monetization number two geographies uh this convergence of really uh you know efforts that are going on around the world you know our our membership in mobia is truly global we're roughly evenly split and the uh on the call today you know it's it's europe america's asia all contributing to this uh cyber and physical uh the convergence of physical and and cyber things uh you know the physical things are quickly

becoming commodities uh car companies are now data companies right tesla's data company is the most valuable manufacturer in the world dids are the key to bringing the digital economics to the physical world you might say that iot turns products into services but dids turn centralized monopoly services into efficient decentralized services at least that's the hope uh and maybe finally industries uh this convergence of transportation energy communications you know together uh the this new economy of of movement is upwards of 20 of global gdp uh so it's just an enormous

uh revolution and uh and massive opportunity tens of trillions of dollars of tens of trillions of euros in new business opportunity to monetize this data and to unlock the stranded capital uh that exists today very exciting i personally think it's like exciting times that we're facing and that will come to us especially now that we really go into these benefits as well from from decentralized systems and i'm a strong believer in in market efficiencies that decentralized systems come over centralized systems although

decentralized systems definitely have a key advantage in getting scale and that's that's that will be one of the biggest challenges that we have i mean we probably then invest too much time in governance and making it uh happy for everybody and believe me we as here in switzerland with our people democracy we know exactly it always takes longer than than it is and sometimes you're just losing track and in getting getting at the end of real results and i just hope we are uh here in sometimes faster now in in really delivering uh proper end-to-end solutions but it will be exciting because

we are now just shaping a new way of of the economy for the future and um and i think it will be quite um interesting to see what it is i would like to thank everybody uh for participating today uh if i evangelos uh tram for the presentations to give us the insights uh i think the presentations will be as well later on available at least on the on the cva uh website again please advertising become a member of the cva quite interesting events that you did that you see not only these public ones there are as well uh events for members uh that we that we're doing at least as well from the

enterprise blockchain working group i would like to thank my panelist vitus bashkar and and chris thanks to california as well to participate in this early morning session and for stefan and kevin as well for the for the evening sessions here and of course special thanks to mauro my co-chair in this working group exciting times isn't it and again for hosting it and following the questions and um yeah so thanks for everybody have a great evening and um and talk to you soon with one of at one of our next events okay thank you very much