New Ethereum talks, every Monday. The week's conference uploads by event, in your inbox.

Loading player…

Colorado State Greenfield Lightning Pitches - ColoradoJam Mini Summit

Ethereum DenverSat, Oct 9, 2021, 12:00 AM

00:00 - Intro 01:50 - Gitcoin 10:18 - GamerJibe 18:06 - Whrrl 24:24 - Serto 33:22 - Trubit 41:38 - Operation Greenlight 50:22 - Arcology Builders 1:00:57 - Halcyon X 1:07:00 - Colorado Clean Coin 1:15:00 - Opolis Learn more: ethdenver.com Subscribe to our channel to learn more + connect on Twitter: https://twitter.com/EthereumDenver. ETHDenver 2021’s content themes included DeFi & Money Legos, NFTs & the Creator Economy, ColoradoJam & the Next Frontier of Statehood, Protocols & Interoperability, Open Source & Public Goods, The Ownership Economy & Digital Orgs, Usability Design & Adoption and Legal, Privacy & Identity. Industry experts also weighed in on topics like decentralization, privacy, identity, non-fungible tokens, scaling, governance, diversity, and arts and culture in blockchain technology. The 2021 event was February 5-12 and hosted virtually in 2021 with 5000+ blockchain enthusiasts, developers and community members from 80 countries and 50 U.S. states. 🔴 SUBSCRIBE ETHDenver’s YouTube https://www.youtube.com/channel/UCgz9NU06t_FkT0Py1Vadczw 💡 LEARN ETHDenver’s Official Website https://www.ethdenver.com/ 👋 CONNECT ETHDenver Twitter https://twitter.com/EthereumDenver 📖 READ ETHDenver News on Medium https://medium.com/ethdenver 🛍️ SHOP ETHDenver Official Merchandise bufficorn.com 💬 CHAT Telegram https://t.me/Ethdenver Discord https://discord.gg/AxFmNdCVnU 📱 FOLLOW LinkedIn https://www.linkedin.com/company/ethdenver Instagram https://www.instagram.com/ethdenver/ Facebook https://www.facebook.com/ETHDenver/

Transcript

okay so this brings us to our action-packed lightning round of presentations from companies that are interested in being a part of the colorado jam technology sandbox and incubator so we're not going to spend a lot of time sort of doing introductions so basically what we've got here is a bunch of judges from the state so uh jonathan if you could change my name from adam dill that'd be great just put my name up there and then secondly if we can bring the judges in whoever's on so we can get rolling we don't have a lot of time see look how good that is so judges only at this point so let's see put daniel and jason back in the backstage we'll come back to them in just a minute i'm sorry can you repeat that john yeah for jason and daniel backstage again please great tony good to see you will good to see you carrie thank you all right cool so i think russell and lou and maybe the governor who knows is going to show up but we've got we've got our first presentation here so to introduce our judges we have people from the state of colorado who are going to be evaluating the quality and precision of the these presentations these are lightning pitches so these are five minute pitches one minute questions so they're gonna go really fast take notes do it as well as you can and we've got literally ten of them to get through in one hour lightning pitches it's like speed round so you guys ready we're ready okay let's bring on kevin owaki from get coin he is going to be dealing with the challenge number 11. his introduction is quadratic funding is the optimal way to fund public goods in a democratic way we can use it to fund the infrastructure builds in public goods in colorado it's also something that we're looking at to fund the technology sandbox and incubator kevin take it away thanks so much john hi tong hi carrie hi will what's going on so what i'm going to show you today is called quadratic funding and it is the mathematically optimal way to fund public goods can everyone see my screen just give me a thumbs up if so so we created this website called wtf is qf in order to explain what quadratic funding is um quadratic funding is based off of a paper by vitalik buter and zoe hitsig and glenn weil the paper is 31 pages long i'm going to explain to you in hopefully 30 seconds what quadratic funding is um and why it's the mathematically optimal way to fund public goods things like clean air clean water sustainable downtowns and stuff like that so basically quadratic funding is a way of distributing a central pool of matching funds alongside a crowdfunding campaign so we're funding public goods as the government but also with community from a bottoms up perspective so basically the way it works is that you've got a central matching pool and you've got uh some projects that are raising money in a quadratic funding scheme and the cool thing about quadratic funding is that you distribute the matching funds according to which crowdfunding contributions have come in and the neat thing about quadratic funding is due to the math a project with a broader base of support say that gets ten dollars from ten contributors will get more of a matching amount than a project that gets ten dollars from one contributor because we're optimizing for public goods that have a broad base of democratic support we're optimizing for the preferences of the rich and or sorry the poor in the many over the rich and the few and so what's really neat about this is that public goods have this this sort of um public goods have this thing called the free rider problem which is basically i'm already consuming clean air why should i pay more in order to support clean air i'm already i already have a livable downtown why would i bother in in order to contribute to this and what's really cool about quadratic funding is that the projects that have the most broad base of support are the ones that are going to get the highest match from the matching pool and so an individual donation of ten dollars can be matched with 243 dollars or an individual donation of a hundred dollars can be matched with uh hundreds of dollars and so it creates this really amazing incentive to con to get people to contribute to public goods um in a way that optimizes for the preferences of everyday people not just those who are connected well to power and so um i am the founder of bitcoin uh whose mission is to fund open source software open source software comprises our digital infrastructure we want to create incentives for people to support open source software and we have been implementing quadratic funding on git coin which has delivered 11 million dollars in the last two years to public goods and so um i'm going to show you right here grants round eight which is a a campaign that we ran with quadratic funding which got 25 000 contributions to open source software worth one million dollars and this is the preference map uh that came out of get coin grants round eight so you can see in here every node is a person or a project that was funded and every every edge between that node is a funding of that transaction so you can see there's a deep mesh of preferences that are being expressed for public goods in the open source community on gitcoin grants and so bitcoin grants is funding the ethereum ecosystem it's working in the ethereum ecosystem but what's it got to do with the state of colorado and our our public infrastructure well let me introduce you to downtown stimulus.com which is a pilot of quadratic funding that we ran in downtown boulder colorado in july of 2020 with 25 000 supporting five businesses in downtown boulder july 2020 i know you're asking yourself like why july 2020 well the downtown retail businesses have been hit really hard by coronavirus and we wanted to find a way to help these businesses make rent and that's what downtown stimulus did downtown stimulus stimulus um distributed about 35 000 to uh the businesses in need and what's really cool about that is that the preferences of everyday boulder citizens were expressed in how that money was contributed and the uh the donor funds were were matched by a crowdfund so basically the central matching pool kind of doubled its money as as uh that campaign happened so um i am pitching the idea of doing more downtown stimuluses we could bring this quadratic funding primitive that uh helps support public goods in open source software to colorado to support our downtown businesses it can be applied in many many contexts but the concept is battle tested and i think it would be a great way of supporting the infrastructure here in colorado thank you very much for listening to my pitch i don't know if i have time for questions john i was trying to be under five minutes there for you are you playing me off is that what you're doing um no you're good um let's let's see if we have any quick questions from tongue carry or will do we have any questions yeah i have a question so are you saying that the uh matching funds from the crowdfund would be matched by government funds yeah a central matching pool in the original downtown stimulus we had a philanthropist that were funding the matching pool but uh you could easily use matching pool raised from a state government and basically the pitch would be to the state government your money is going to go further because it's going to be going to the projects that the people care the most about and also the people are going to co-fund these projects along with you but but yes the short answer is yes and in different ways just to be clear too denver as the community cooperative would be also participating as matching funds to people so from the government side you would be people would be paying taxes and we'd take their tax dollars and put them in based on how people are essentially voting with their donations is that correct yes that's right okay thanks all right well we got him boogie on to the next one so kevin thank you sir i i think will had a question i don't mean to take over the stage uh in your experience so far how large has the match been so if you were to look at the crowd funding versus the central funding what's the review yeah so um we have raised 4.5 million dollars in quadratic funding across eight rounds and sixty percent of that has been from the matching fund and forty percent has been from the crowd not that i would represent that what works with like open source blockchain hipsters is going to work in downtown colorado but you know that's that's the trend we've seen so far thank you thanks john for having me thank you so much everyone good presentation thank you see you kevin okay we're going to move on to daniel valentino from gamerjad and if you all don't know what gamertag is it's actually happening right now where we have our eat denver virtual castle event but their platform has also been repurposed to help in the education space so they are tackling challenge number two and number 11 which are really around re-entering the workforce so as a lead in a key challenge facing individuals entering or re-entering the workforce is the task of starting and completing their job search we propose an engaging immersive virtual office that re uh uses gamification to step the job applicant through their search from start to completion so you ready to go yeah uh can you guys see my screen perfect good i hope everyone can uh hear me fine uh thanks for uh for joining me this afternoon i'm going to talk to you a little bit about how we've uh repurposed gamification in this immersive 3d environment to uh to help create virtual offices that are more engaging and talk about how an application of that towards uh re-entering the workforce so so the challenge is we need a more effective ways to help workers enter the and and re-enter the workforce and there's really three challenges around there's at least three distinct types of workers that they're facing challenges one is the first time job seekers so the typical gen z and millennials typically maybe finishing high school and looking for vocational work or finishing college and looking for a professional career another challenge is with laid off workers uh these are tenured workers who often face significant challenges as they seek new employment in a changed economy this is particularly uh difficult right now because of the pandemic related uh structural changes with permanent layoffs and then third and uh it's been well talked about the the challenges that women face as they re-enter the um the workforce after a gap of employment so what we've done is uh we've created an environment that uh better engages people and can provide them with the resources that they need uh in order to address these kinds of challenges uh just a real quick background or a little bit of background the the the job market is not going to return to uh in office work anytime soon so the more that we can do to put places put tools in place that help people work remotely and and that implies finding jobs remotely uh the more the easier it will be on both workers unemployed and employed um so our solution is to use gamification in this immersive virtual environment uh we and we found it to engage people at all three all three um categories that i described to you uh previously um at the same time as being engaging and more fun for them to learn about job resources and and apply for jobs uh it also we can also use gamification to incentivize them uh all while providing them access to to information that today is pretty difficult to pull together so the first component of this is a 3d immersive environment that provides easier access to resources um that makes the job search process a lot less daunting for people who are trying to re-enter the workforce or a church for the first time uh the second thing we can do is uh use gamification to incentivize workers so we can give rewards that will give workers recognition uh for completing uh training or uh for completing interviews um and we can build that into the job search process uh and then the third thing we can do this ties into the blockchain is where we can use blockchain to maintain certificates um that that workers or you know people seeking work have completed required training that they're following the required job uh process we can even start to track their performance on interviews so you we all use linkedin and and often when searching for people for to fill a position uh this will help um record some of the people that have been found into a blockchain that can then be used by people who are seeking employees part of our solution is effectively we tie up immersion and gamification with the video and text resources that people need to find jobs with the video conferencing that people can use to uh to actually interview and apply for jobs so i'm going to jump out real quick and show you the environment hopefully you guys can yeah i can still see the screen so this is our immersive environment uh we can create booths so inspirity is a big hr company uh colorado jam is uh is basically you guys uh we can look through these uh we can look through slides we can look at web resources in the slides and we can set up a booth for each um aspect of the job search process so if it's from the onboarding through to completing training certifications through to completing interviews we can set up different booths in this uh immersive environment to track that and i'm just showing here some examples of some hr companies that we've worked with and then the other thing is we track everything every process so we get analytics on everything that you do in this environment so as you complete uh the forms oh sorry if you as you complete the certifications and you fill out the various forms that are required we can keep track of that so we can give you analytics on where you are in the search process as well as um help um the government agencies understand where people are really having trouble in training and in pro progressing through their job search okay so i will end there and take any questions thanks daniel who's got a question great solution just a quick question what do you offer for folks that have been out of work for a while in terms of technical assistance so they don't end up just getting stuck in a corner somewhere in fact that's exactly what this offers first of all let me clarify we're not actually building any of these resources we're pulling these resources together into an immersive environment that makes it really easy for a job seeker to find the right resources and to track that they're going through the progression of resources uh correctly cool thank you daniel all right thank you guys so oh daniel can i be here tonight hi so my understanding is that for unemployment and we have so many people unemployed now and for unemployment you have to certify every week or uh that you've done at least two interviews or uh email you know something like that is that sort of a a function that could be added onto this so that you know there's some streamlining with the unemployment office absolutely one of the most daunting things is knowing how it once you get laid off and then you have to go apply for unemployment just signing up for it and then understanding where you are in that process is often daunting so we can build a booth specifically for uh filling out your certification every week or every two weeks and um you can you we could help you keep track of the companies that you're interviewing with so all that can be done in uh in one of these booths but by putting it into this environment it just it makes it a lot more a lot frankly it just makes it more fun yeah i hate to say it's fun with unemployment i mean you know it's an unfun thing but that you can make more less less intimidating and less frustrating on the flip side since it's recorded on the blockchain then it's immutable and then the the government side could use that as a recording mechanism that they have put in their certification and they should get their payment right is that exactly it's proof of that exactly but i think it could be it could go much farther than that i think as you start to interview you may do very well in a particular interview and the interviewer may note that we can actually keep track of that kind of feedback for a different interviewer who's looking for someone who's strong in that particular capability you know feature center capability that's that's that's interesting i mean there are privacy issues but it's interesting that's definitely interesting too thank you thank you thanks daniel okay we're going to jump into the next one we have a sheesh with whirl and as an introduction for him do we have a sheesh hey hi uh i'm ashi shannon co-founder of word hang on just one second i'm gonna do an introduction for you okay so basically he is um attacking challenge 13 and india's largest blockchain network addresses the distressed sale problem of farmers creating a trustless low-risk digital ecosystem reporting sheet finance commodity finance thereby increasing farmers income and reducing banking fronts so it's essentially like a blockchain based cooperative for farmers so she's taken away yeah sure thanks thanks on uh hi everyone i'm ashish from world unfortunately i'm unable to share my take over here my screen is not getting shared so then i will talk about unfortunately i have the that's the only option i have today that talk about what we are doing at work so we are the largest blockchain network of india we have tokenized more than 500 million dollars of agricommodities on our platform till date since last one year of operations the first application of blockchain in agriculture uh financing and also asia's first and only blockchain platform for any sort of any sort of asset back lending today we are trying to uh address the challenge number 13 that is using tao for sustainable agriculture using colorado lca structure world's logo itself talks about sustaining live blocks and we focus on out of the three source types of sustainability in agriculture that is environmental social and financial we focus on the financial sustainability of the farmers so agriculture as everybody would recognize agriculture is a unique industry in the sense that the supply happens once in a year and the demand is throughout the year as a result at the time of harvest there is just supply side pressure and the prices typically dip they may dip by 10 to 30 at the time of august and the farmers now are in a dilemma should they wait for the prices to recover back to the average level or should we they sell if they sell the problem is that the realization income is what we call distress cell is much lower and if they don't sell then the problem is that they have liquidity crunch they don't have uh they don't have liquidity for their next crops working cycle their working capital so world tries to address this problem by bringing up financial innovative solution called warehouse receipt finance so in warehouse received finance the farmers deposit these commodities in a particular warehouse instead of selling at low prices and the lenders lend against these assets which are stored in the custody of a warehouse affiliated with the lenders and that is where we have today we are working with 1400 warehouses we have three lenders and two other bfsi segments and the government of several state governments of india working with us we propose the same solution for farmers in colorado in a dow structure through a lca uh wherein the pattern from farmers of the state join a cooperative create a cooperative as patron members and the lenders who can who will be defy lenders the p2p lenders they bring the pool of money and together a tao is formed in the form of a lca so the thus defy lenders will be getting interest against the investments they are um making against this crop which is stored in the warehouse at the same time the farmers have the option to sell it at a later stage and being a dao the all the all the voting parameters will be coded hard-coded and smart contract the asset will be locked on a stock smart contract and at the time of the the lending a former member will ask for loan the voting will take place for the rate of interest as well as eligibility and once the voters decided that the lending will be possible they lend the money the investors patrons of lca investors in the lca lend the money the assets are logged in the smart contract they cannot be sold they cannot be further laid and once the repayment comes from the farmers or from the new buyers at that point of time the investors receive the money as well as whatever is the access drop rate which is derived by the pool of the farmers because of a better price realization is distributed at the end of the year among the farmers so this is the proposal which we are doing and this is what we are looking to address the challenge number 13. very cool thank you ashish you have do you all have questions for him i'd like to make sure i understand the basic economics here so essentially you're allowing farmers to get the value of selling at a different time of year when their crops are more valuable than at the point of harvest right and that and during that period liquidity is provided by the p2p lenders great thanks thanks thanks everyone thank you ashish uh anybody else have questions we good okay all right we're gonna move on so we're gonna catch up a little in a little time here so [Music] so we're going to catch up on a little bit of time here with the next presenter from id johnny howell hey john hey everybody good to see you johnny lives in denver so like this is uh we got colorado projects we got international projects so uh he the as the introduction i'm going to give it to you really quick uh certo mobile put students in control of their academic credentials this is around challenge number 16 which was to build a student-centered transcript this app enables students to manage their identity academic transcripts and professional training credentials from multiple institutions and sharing selectively with employers universities or others johnny take it great uh we got my screen yeah we got you cool um so yep as john said i'll run through a lot of these intro slides since we kind of just got the rundown um so we're adjusting challenge 16 reimagining the student transcript experience um using web3 technology um our uh tech is built on something called cryptographically or uh dids or decentralized identifiers which uh cryptographically tie those identities with the data that is relevant to them um and that data is in the form of a w3c standard called a verifiable credential or a vc you might hear me refer to um i'll refer to it as that um uh we have a great team uh alana our ceo is speaking on thursday so um be on the lookout for that um so as as john talked about um getting school transcripts is a time consuming and complex process that involves a lot of paper involves lots of institutions and different uh places especially during you know transfers uh between schools and it starts pretty early on even in high school um and getting transcripts for college classes taken in high school or other you know uh forms of education so um the way we're to solve this uh is with something called serto mobile which um you might be familiar with our old company uport if you used to go by that name we had a mobile app under that name too um that was a credential wallet but this is a sneak peek at the revamped ux that we're hoping uh to deploy soon um so certo is an app that allows any user to you know in this case import credentials from other places or get them natively inside of this app so in this case we'll look at a user name sophia importing her credentials from something like let's say the my colorado app where she might have a proof of identity um if this credential is in the form of a verifiable credential which we could talk about with the state she would be able to export that into a more general purpose uh mobile wallet um so here she's able to accept this credential signed by the decentralized identifier of the state of colorado um and this is what a verifiable credential looks like we get that in the app um now she can leverage that uh proof of identity online to do a number of things that would normally uh take a you know a very cumbersome manual experience to accomplish so here she's going to get her transcript from the university of colorado she goes to their website she scans the qr code with the app she is then asked to disclose that proof of identity um by using uh her mobile app this is the consent layer that is very very important to how all of these use cases should work um so here's the university of colorado requesting to view that driver's license she can even control um on the view access and how long her consent should last um so she allows that we are able to authorize via you know the biometric um on the on the device or passcode if that's what needs to happen um now she's able to accept the credential from the university of colorado they received her decentralized identifier in that previous step so they know where to send it she adds that to her wallet she can see her activity on screen at any time of all the types of interactions she's performed with regards to her data and her identity with any of these institutions and now she has two credentials and she can um leverage these so she's going to go apply for an internship maybe using something like opolis um with the state of colorado she applies for a job here she's going to be a citizen data intern doing some data analytics or science stuff and she's going to get another credential request same pattern um opens up the certo app uh requesting so opolis is requesting to view these two credentials she allows those uh again authorizes via the biometric and now she has shared these two credentials uh some time goes by let's say um so we're here at the lock screen she's going to get a push notification that the colorado office of economic development has issued her a credential she opens the app now she's able to see she has received this internship credential and she can then leverage this credential for access to anything she needs to do in any of the systems or sites um for the state of colorado to perform her job so it doubles as an access control credential um here as well she's able to see all of her credentials and then very importantly as i heard talked about in some of the earlier talks she is able to revoke her consent so we can use the same model of verifiable credentials and selective disclosure to keep track of where she has shared pieces of her information so her transcript in this instance let's say she's going to revoke access to opolis and she already has her job she doesn't need a job site right now um and she can hit revoke and this essentially issues a credential to opolis stating her revocation of her consent um that would be legally binding um and uh you know give her that assurance that her privacy is being protected at least more than it would be otherwise um and so in conclusion here uh you know serto mobile puts you know students in control of their academic credentials but also any other credentials that adopt these standards um manage the identity very importantly we keep all the data private and off-chain so these credentials are not living on a blockchain um for a lot of good reasons um she can collect all these transcripts she could share selectively and maintain those and manage those relationships in a more granular fashion and all of these credentials can be independently verified by any other institution that she shares with um you know creating the fluidity that we want to see in in across these systems and breaking down those silos and it's built on the w3c uh decentralized identity standards um which we work on at certo a lot and this isn't our first time doing this type of use case um you uh back a couple years ago one of the things we did was we allowed the zug government to issue uh that's insist in switzerland we allowed them to issue credentials to the uport mobile app back then and then the swiss federal railway was able to then leverage the credentials on um on these employees phones and they could authenticate into work sites um uh using that credential um so uh with that i'll leave it up to y'all to ask any questions or i can clarify anything that was um that i that i said that brings up some questions we got for johnny quick question i think this is a really great and compelling way to use the technology for the switzerland example did they own the phones is that government property or was that their own personal cell phone thanks any other questions are the institutions charging for access to these transcripts are there financial transactions that are happening having to take place throughout this um that's a good question i don't know if all institutions charge for transcripts as i'm under the impression that a lot of that charge is due to the fact that there are costs involved in mailing transcripts um and moving those around physically um so hopefully whatever costs that might be you know present in these interactions now could maybe go away um because this uh effectively costs the electricity cost um to move to move this data around the internet so oh i have a question so i understand mit has already been using this for a while could this be modified for say elementary school so that if kids are going from one school to another they can just take their their transcripts with them and not really add an additional administrative burden to this to the public schools yeah i think that's a great use case and it also uh highlights another great um use case for this type of technology which is the ability to use dids and link identities together for custodian purposes so having the parents be able to manage the credentials of the the child in this case i mean something that you know this technology totally enables and um so so we get around that problem too yeah and then being able to switch over when they're 18.

that's right yeah exactly okay thank you thanks johnny we're out of time thanks brother be all thanks everybody thanks okay moving on we're gonna go to truebit and jason we got jason there he is wearing his buffer corn t-shirt and everything so truebit is attacking challenge five which has to do with data and global warming so truebay is a blockchain enhancement which enables parties to agree on complex computations one can use it to improve climate data processing and minimize statistical model bias so jason you ready yeah if we could get my screen share up there that would be good there you go all right off we go so i'm jason the founder of truebit um drewbit is probably best known as a scaling solution for ethereum but i'm going to put a little uh perhaps a new spin on it for this for this talk um so as as just to recap john's summary so truebit is a blockchain enhancement which enables parties to agree on complex computations so it can sit on top of any executing ledger they're basically you want to have run on smart contracts um but that's all i'm going to say about blockchain for the rest of this talk you can just think of truebit as a black box as as i've sort of um drawn it here so you'll have a truebit is takes in a function f and an input data x and it just outputs f of x and it does this in a way which is communally verified so you can have um a very strong assurance that that computation is is done correct in fact you can participate in its correctness so um so let me flip to the topic at hand here which is climate change and as i said the stakes are very high and because the stakes are high there's potential for conflicts of interest which is also the same as sources for error when you're when you're talking about modeling so you know obviously one of the objectives that was stated in this um particular uh challenge was to protect community resources so you have the concerns of the community you have companies that are impacted by policy decisions of course companies are maximizing revenue you have uh academics at the universities that are striving to get tenure and may want to demonstrate that they have something you know really innovative so so there's a there is sometimes a chance there that you know there could be they may want to show some data and hide ones that don't that that don't uh support their thesis and that is similar for the politicians who have a very clear objective in many cases to just simply get reelected so we're talking about your economic incentives that are introducing bias we've got um scientific bias and political bias so i mean even scientific can be biases i guess in the case of climate change so in order to clean up this mess we really need is a a fresh narrative so this is what i'm going to call collaborative data provenance and it's pretty simple so we're just taking the same picture we had before um so i'm using the letters f and g for functions so you have one instance of a of a true b so these are now just true bit tasks where you're taking in the the first one up here is taking in a function f and an input x giving you out f of x one here is giving you g of y taking in a function g and an input y giving you g of y so these are all things that would be brought in from somewhere in the in the in the world of data around climates which is uh and and but we can standardize the way that they're that they're sort of brought into this formal system and once you have done that first layer of sort of bringing the data in we can now apply another function which here i'm calling it h take the inputs of what we had upstream and get something which is very assured downstream and mind you that these can all come from different places so it could come from different districts in colorado it could be that we're combining from different states or different countries so it's very important that we have a way to get consensus over the way that the data is collected the way that it's processed and um you know obviously since it's all transparent on the blockchain anybody is free to use the streams or not use the streams that they that they feel are relevant to them so just uh to to put these put this all together what we're really doing with truebit is is eliminating the the hidden bias that that creeps up in all these models and i'm sure those of you who have lived through the pandemic of copen 19 or are still inside of it have have seen these kind of models creep up where where we get in policy decisions that are made where the the model is made to suit the policy rather than the other way around and there are different reasons why that that happened but so we're talking about standardized data cleaning we're talking about publicly verified statistics and of course this comes from starving jurisdictions as i said in the very beginning truebit is a blockchain enhancement it can sit on top of any blockchain so communities can set up their roles however they want and we'll we can bring those into the pipeline across these different jurisdictions so objective accurate collaborative modeling that is what that's what we get so and ultimately the outcome is better policy decisions so that's that's really what we're talking about more accurate models that have um either less bias or make uh transparency in in the way that they're biased um and i just this is i'm not going to go through this diagram but yeah this is a it is a it is a system that we've i've been working on for the last since since 2015. it is fully functional uh we have a very user-friendly client um this we built our own architecture and uh it's uh yeah and it's it's good to go so um black box all you want you don't uh again i'll the last time i'll say the word blockchain but but here it is so um thank you very much and uh look forward to uh creating some climate new climate applications together cool do we have any questions from our judges can you talk a little bit more about the dispute resolution process yep so in this in this uh i don't know if that's in my slides or you were just um that seems like a general trouble question so in truebit there's a there you have an instance where where you i would have if someone says i did this computation solar says i did a computation verifier says i don't agree with with your with your output basically what they do is take them to court so in this case the court is filled with the the judges are the ethereum miners who we assume always compute correctly but only can compute a very little amount so what the judge will do is force the the um solver and verifier to play what we call a verification game which basically amounts to a binary search to find the first step of that computation where they disagree so they split it in half then they if this happens if we're good there then we go closer to the end otherwise anyway you get it down to a single step and that is our architecture allows us to run a single step on chain so we were one of the very first projects to experiment with webassembly architecture and in fact even web assembly was complex we break down each web assembly opcode into 12 sub steps but um so so anyway that's basically it we can we can get um anybody can jump in and dispute a a um a computation but on top of that we also have an economic layer that incentivizes them to actually do that so that it's not just a theoretical thing this really is a black box cool all right we're out of time thank you jason okay next one zachary from operation green light we're attacking challenge 14 thanks zach good to see you um it's going to give you a quick introduction so ai recommendation system that incentivizes participants to cooperate in positive sum games to reduce traffic and pollution decrease accidents and make travel in colorado more efficient rewards can be supplied in part by community businesses as a bridge to challenge 12. zack you ready yeah let's do it do it you guys see my slides there yeah cool um so yeah i appreciate this opportunity um nice to be here talking about this this is kind of like a an idea that i've been scheming on for quite a while so it's exciting to get to uh you know pitch it to folks that are interested um at its core you know really this um i saw the challenges and you know instantaneously kind of connected with this idea of incentives for commuters um the the base of the the idea is really focused around how can we incentivize cooperation and you know improve traffic flow conditions so this number 14 challenge and i'm also very drawn to uh lotteries and games of chance so um what i realized that there's a nice bridge to kind of tackle both of these with this concept that i've been working on for a while so the problems are pretty obvious here there's a great ted radio hour on happiness where they do an experiment they text folks uh randomly throughout the day and at one point um you know you get a text and you reply how you're feeling at that point in time and the uh most common scenario the most negative time for people is when they're stuck in traffic right so um not not you know unobvious there but people don't like traffic so accidents are bad pollution um right the problems here are really pretty obvious there's there's not a lot to it so um the the lay of the land here for green light uh i was on a trip down to buena vista and um from boulder kind of going through evergreen and you know just noticing the traffic patterns and how cars were not working together and i thought you know just it really occurred to me that with a little bit of cooperation we could dramatically improve the flow of traffic and obviously this idea is not new you have apps like waze and and things that have tried to do something like this this is a bit of a different um approach to it so one of the ideas uh that that i took from you know that buena vista experience and a lot of trips up i-70 to fort collins um drivers you know are participating in a zero-sum game essentially so how can we flip that script um another important component or observation with this is that you know we don't have as much information as we could there's a lot of really relevant information that drivers simply don't have access to to make decisions about when to go places how to go places these kinds of things so um what we'll do is we'll change the rules of the game up a little bit here so we're going to look at this concept as more of a public service and you know a non-profit something of that nature and that's sort of like um the base idea there is to move the motives away from making profit right so the system um should function and you know if we're doing well then traffic patterns are reduced right it's not about the profit uh the next thing uh voluntary participation only it would be so much easier if we could say hey everyone use a system like this but obviously that's not going to happen so we have to incentivize people to play and we have to understand that at the lower levels when a system like this first starts it's you know going to be relatively ineffective the more people that join the better it would get another thing another rule that's important here we're going to assume that players are going to be anonymous uh we do not want um you know there's a people going places where they are their gps data this types of things opens up a lot of different privacy concerns so uh the game is gonna be built around the concept of everyone being anonymous so from there what we do is we kind of compile this idea of a big brain and essentially this is a ai style recommendation system right a recommendation engine so this brain is collecting all types of data we have um weather traffic data road conditions what's the temperature of the road wind speeds um what events are going on in town um anything at all that could be relevant um for this brain this recommendation engine to to help us uh figure out and recommend when and where to go places um so from there basically what we do um you could think about uh players inside the game come in and they say hey um you know we'll use zero knowledge proofs so what we could do is say hey i'm a legit player in the game but i'm not going to tell you who i am so there's our anonymous nature and you know i would like to go to buena vista on saturday or i would like to go out to eat this week i want to go to the gym sometime today so essentially you feed into the recommendation system some information like this now what it's going to do is it's going to go out it's going to coordinate it's going to look at all the information it has and it's going to make a recommendation about when you can go or should go and so the idea is like hey if you wait 10 minutes you're gonna miss this amount of traffic so if the system has that level of awareness and you're willing to cooperate with the system i think that we could dramatically reduce um you know traffic flows and different things like that so essentially the players are incentivized and rewarded for cooperating with the system um you know thus we've established a non-zero sum game where the larger benefit is reduction of traffic pollution and things like that um in the long run you know ideally um what we could see is like coordination at an unprecedented scale right if everyone cooperated and said these are the things i'm looking to do uh right now you can see how this recommendation engine um this this big brain would be able to kind of shift us into more healthy patterns and so the incentive side of things um you know it's extremely important and this is where that challenge 12 comes in the business lottery so you could see like local local businesses restaurants donating meals things like that into the system as you cooperate with the system you earn points and tokens you can redeem those we could create lotteries inside there to give out um prizes and things to the uh you know to the different participants in the system and ultimately you know it's really um about getting more players into the game the more information that the big brain has the more people that are using the system the better it could get so any questions how would this play on top of existing traffic searches and apps that we're already currently using using any ideas there so if i have to go to somewhere else in addition to waze or google maps what are your thoughts yeah definitely so um i would think that we could leverage apis from those those apps right to pull in data and help feed the big brain initially but ultimately what i would really love is this were if this were more of a public system a public good and it wasn't you know anchored into google and waze who are you know essentially taking all that user map and location data and you know selling it off to the highest bidder so this really kind of anchors into a system that would help the users move back into selfs or move towards self-sovereign data stores and things like that so maybe some api connections and uh then hopefully we could outdo those apps actually that's that makes me uh have another question that's uh tied to that so since all this information would be on the blockchain and transparent could other people strip it off to use it as metadata for their own marketing and trying to figure out where people are yep good question so um at this point really you know it's a green field design um we have to we would probably be pretty careful about what we want to put on the blockchain you know for those privacy and security reasons um some of the self-sovereign data store tech that's coming out now i think is really compelling so we could kind of store those metadata and records in a distributed way that's accessible via you know uh dids and things like that um but probably be a little wary to put that stuff on chain thanks yep hey john you're mute i think you're muted there buddy hey thanks zach good seeing you likewise see ya thanks let's uh let's jump into the next one we're gonna go to arcology builders with paul tackling challengers [Laughter] paul could you close the other tab that you have with the live stream in it thanks when you're ready okay our ecology builders revitalize vacant buildings and land into compact affordable and nurturing community homes co-op businesses farming and schools solar powered and geothermalized we address homelessness climate change and housing justice we're ready for peak population 2050. paulie ready okay you're on mute man unmute yourself we can't hear you on you there you go hello can you hear me yeah go for it you got five minutes all right thank you uh so my name is paul and i am working on arcology builder so we revitalize urban spaces into sustainable walkable eco neighborhoods and uh as an example you can see on the right here is an urban building which we've repurposed to be a place where families can live eat together cook you know grow food are powered with solar panels have a food co-op collect rainwater and in general you know we nurture tribes of happy humans so so why work on sustainable walkable eco neighborhoods so they reply revitalize existing empty buildings so buildings left vacant can be urban blight on the landscape they can decrease a sense of safety and trust in a neighborhood and when you revitalize them you use less new construction materials because you're basically building on the infrastructure that you have there's a climate benefit so buildings are the biggest user of energy and so the biggest climate activism that you could take is to reduce usage at the building level and also permanent affordability so there's a legal structure called community land trusts and it lets uh communities uh people who live in an area and are affected by housing prices have a say in new development and the structure was formed in the in the 60s but there are now hundreds around the world where one third of the board is governed by the tenants themselves one-third by government organizations or are social work groups and then one-third by traditional investors who who put capital into these projects and uh they own the land underneath and usually lease it to buildings on top and sort of restrict the resale value to be permanently affordable let's say 30 of the median income in the area and once you have a surplus of housing in this way once you have housing security for people um you know we live in a society that can afford to take care of everyone and so why not um end homelessness which is uh the source of many social problems as well especially during the pandemic so what are our ecology so uh arcologies were an idea from experimental architecture in the 70s by an italian architect named pablo soleri and he implemented his idea in this urban laboratory the city in the arizona desert called arcosanti and this has the key of many ideas which are used um in many modern cities now the cities are walkable so all the living quarters are close enough so that if you were to walk to work or your office no public no outdoor transportation is needed uh there are large common areas that you get to like socialize even with the social distance and this is key to humans you know emotional and mental well-being because we evolved to live in tribes um and you know in this case there's no public transportation needed in this in the city but for longer bigger cities uh you know we could have fast light rail or or buses or um scooters uh electric bikes and it's also expandable and adaptable so all the surfaces that you see here like even the roofs of one building you can climb on it can be a surface for gatherings but you can also build on them and so the way the city would expand and has expanded in the past is um to just build on top of existing buildings and you know i like to joke that we already live in our colleges um if you look at the skyscrapers of any city we have these very dense buildings together it's not they're still pretty far apart and they aren't connected so you have to uh go all the way down to the ground floor and back up to the other so we have some work to do but these ideas have spread so what's our current progress so in the past year we've experimented with a-frames which are these pre-fab kit homes in detroit so detroit um as many of you might know is a great american manufacturing city but has since the population is a lot of is vacated to the suburbs and so there's a lot of empty land there's a lot of dilapidated buildings um and it's a shame because there's a lot of creative energy as well and certain citizens left behind who uh you know are very open to new experimental technologies new financial systems new governance systems and uh so detroit is also an area um after denver and colorado that is like very open and to blockchain technology so we chose this design so we were we had this design drawn up by a frame which is originally an estonian company but the idea for um these a-frames is that it's completely reproducible so this two-person home costs forty thousand dollars to build from scratch so um this was an approach where we were trying to uh build small minimalist homes two or three could fit on the same lot and uh we wanted to attach a geothermal greenhouse as in the sketch so that heating and cooling could be provided by the earth as well and lots of other cool ideas they don't go to like each home having its own rooftop mesh antenna and having data servers sort of give sovereignty to uh people who want to collect their own data within their homes but we moved beyond this idea uh somewhat because it still encouraged more urban sprawl like we couldn't um we couldn't compact the housing together uh closely enough and it was still on the ground level so while this is an early stage we uh we lifted our sights more to uh entire entire building so buildings that are already dense and may have been left vacant by their owners or businesses for a long time so this is our timeline in 2020 we pursued the a-frame design plan we're now moving beyond it to acquisition of of industrial buildings and land and sort of working to rezone those for commercial and mixed use and in this phase we'd like to make a web app interface for non-technical users just like tenants owners everyday citizens to participate um to give voice to designs architectural designs that they like or buildings that they want to participate in um you know make their voice heard and then also stake funds so hopefully connecting potential homeowners directly with architects and builders in these community land trusts in these dense walkable eco neighborhoods directly in a self-funding model and then in 2020 2022 we hope to begin construction based on the input that we've received from our stakeholders so a case study is this building here in bushwick brooklyn i've lived here for three years uh this is a four-story industrial building it's uh owned by a single owner but it's been unoccupied since the 90s it's really huge 11 500 square feet i'm a huge real estate nerd so i'm sorry if these numbers are not as exciting to you as they as they are to me uh but you know this building there's a lot of homeless uh people around this building in new york and uh there's a lot of graffiti and broken windows as you can see and so it's uh it's a shame because the bones are are so good and this neighborhood um could benefit a lot by community center i usually think of these buildings as like trees of an ecosystem you know trees roots hold things in place um sorry was there feedback you got about 30 seconds okay um so uh the idea is you know if we have a building what should we do next well uh we connect the stakeholders to the architectures um as we mentioned and uh working with the state of colorado we would love to get an introduction to building owners that the city would like to see developed to have support in a legal sense for community land trust formation and advisorship you know the one-third of the community land trust board is given over to city governments who would benefit and have a big stake in how their citizens are housed so that is how we hope to work with the state of colorado we don't intend to solve all of blockchain ourselves you know i mentioned very little about blockchain um in this talk but we'd like to love to work with other projects that are presenting here today for example a rent to own scheme uh when tenants pay rent you know this record is not currently transparent their trustworthiness or record of building um doesn't really go anywhere and it doesn't lead to them eventually owning their own homes so if this were managed by an automated contract such as on ethereum it would build i think trust on both sides for this new model of rent to ownership and then also online schools um you know the presentation of certo before was was great uh we hope to have schools uh for sure in our arcologies and then voting directly through the app that we mentioned so that stakeholders could could govern and manage the consent that they give to the buildings where they live so this is our team i'm paul this is adrian i received a lot of help from sean burke who i met this hackathon and then other friends in detroit who worked on this idea with me you can reach me at paul arcology.builders thank you for the opportunity to present with you and i'd love to hear your questions so we're kind of out of time paul you you you uh you you did a great job of presenting but we got like a lightning pitch so we'll we'll hold off on questions for the time being if that's okay and we will get back to you we'll connect you with the judges and things of course thanks sean yeah you got it thanks paul all right moving on to house uh halcyon x so halcyon x is channel addressing challenge 10.

you are you ready okay i'm going to give you a quick introduction halcyon acts as a decentralized immunity passport to allow users to collect their status from home and now test kits like uh abbott's navigate proctored by earned in vaccine statuses to our re-entry into spaces by using smart lock bracelets and or users location at condos offices and public shared spaces so this is a health driven sort of public safety app and um yeah let's uh let's jump in you're on mute you hi i'm ube esperon i used to be an engineer at a starter still cannot disclose uh so uh right now i'm building for eve denver hackathon i'm a bubbler and i'm supposed to building this application as i go through uh so one of the ideas for housing x is to decentralize the information at this app store uh like navica or bags that are out there in the in the market in the users i guess device some of the applications here i listed like navigate loom that's the ibm software community passport so currently uh on the market as you can see these are the applications that i was talking about uh for continuous testing or vaccine you slab your nose with one of these cars you put it in there and it pretty much gives you a status valid for seven days for example so right now uh there's no one single solution uh for continuous testing or for vaccines or for re-answering to the workforce like a ibm digital health pass for example it's all distributed and the user will have to log in to each and one of these different uh for example testing tools uh because kovid i think the adword home at home tesca was only approved for colorado and ohio and while loom might win other states it's a little bit too much of an overhead for the average user [Music] and since the vaccine rollout is taking a while to be distributed to i guess citizens it's gonna this is gonna last a while so healthy next is a smart contract uh right now i'm building it with nfts uh eventually ideally we will i will have to migrate it into an erc 725 uh which is the identity uh protocol for ephedium uh of course i'm familiar with the hl7 fire uh formatting to ensure hipaa compliance uh the idea is very simple very very extremely simple actually it's just a smart contract uh that the user can update uh fetch a token and representing the recovery status anonymously and be able to update it or add new keys as he has more devices so how it works it's very simple uh you should request an update set up from the article through an app or through uh for any any application that they have uh the oracle status uh updates the status based on that request and they receive a response uh positive or negative uh so how do i plan to use this for uh real estate uh so most of uh the condos nowadays especially miami use this bracelet uh smart locks pretty much uh and these smart locks have apis that i can integrate with uh so basically uh the idea is as follows uh users will need to i guess this smart locks will need to require a status of a user whether they have been vaccinated or recovered status or any other disease status that these tests might allow for in order to gain access to an amenity or a commercial facility or even at someone else's store uh so uh i think uh i think with all the investment that has poured uh towards this kobe 19 solutions the infrastructure in place is not going to go away these apps are not going to go away i think blockchain is a good fit to decentralize uh it's a good fit i guess for uh to make it easy for the user to aggregate all their statuses across all these applications uh since it's unrealistic to expect these companies to merge uh uh in the near future so that's what i'm building right now if any feedback is welcome whoa um you thank you for that um very cool tom carrie will any questions well i had one question question and well one thought anyway so again i'm thinking about government uses and when kids go from school to school they usually have to prove that they have their vaccine so you know these vaccines they go from private school to public school or they change schools and they have to do and this would be also something they could maybe integrate with uh their uh their grades i don't know i mean is there a package where you could put the whole thing and help kids move from school to school well ideally this is an entry to identity i guess uh potential identity uh it's it's an angle uh yeah eventually i can expand to more to add more data to it uh but right now i'm just focused on like statuses and right now you're saying that there are passports i i understand there are passports where you can record your vaccine or the test and you're saying there's no passport right now that integrates uh both of these in one place that aggregates all that information one place is that right yeah so it's multiple companies it's distributed across uh like this guy it's valid only for seven days after you swap your nose uh here this is eibach's product uh there are multiple solutions in place and uh multiple competing uh the center i guess the immunity passport wars is happening uh it's what's happening right now across the entire world uh dubai has their own immunity passport uh but the u.s is developing like a couple community passports ibm their own and so there's so how is yours how is yours different uh mine is just an api so i'm gonna allow the user to gain control for whatever application i use so that i would me a smart lock and uh anyone can just integrate to me and i'll be the source of truth i see so they can put in whatever they want okay yeah so yeah so albert will will hit my smart contract update the public status and that should be it uh using the fire for the common hl7 format fire thanks thanks you we appreciate you thank you all right up next we have challenge 15 with colorado clean coin and there's this troll that just keeps asking me to pitch and i just he asked me 5 000 times so i decided to let him so his name is russell castanero this guy just won't go away so russell is going to be talking about colorado clean coin the quick introduction is the color of clean coin and carl clean environment enterprise leverage blockchain regulation and fee baits to allow colorado to run on 100 renewable energy renewable energy by 2040 while colorado businesses residents and visitors thrive russell you ready for your five ready to go all right hook it up okay so uh thanks john and thanks to all the judges for giving me the opportunity to pitch here no matter how many teeth i had to pull to do it uh this proposal is to create clean colorado coin and state enterprise to manage this process so we need the clean colorado coin because we know that global warming is real the droughts the high temperatures even the snow they all show it and it affects all coloradans now governor polis and the legislature agree we have calls for a 90 reduction of greenhouse emissions from the 2005 levels to 2050 um and we have an even more ambitious goal to have a beyond 100 renewables by 2040. the only way to do this is with bold action we can accomplish this by leveraging phoebates that is regulating emissions of greenhouse gases via permitting and licensing those emissions um issuing tokens for confirmable activities later that reduce sequester or eliminate greenhouse gases uh provide a reliable rate of return on tokens issued and enforce real penalties for unpermitted emissions um now as far as permitting goes any entity that emits more than a specific amount of greenhouse gases that affect colorado residents resources or land would have to purchase a license or a permit for producing those emissions and accidental emissions would require emergency permits within 30 days of an incident uh the enforcement side entities emitting more emissions than permitted would have to pay a penalty of at least like around 150 percent of the standard permit cost to make sure that there was some real bite there and then of course if any entity couldn't shoulder that cost we would need to hold the senior management or the ownership of that entity personally responsible and the best part of this is of course rebates that can be issued to eligible entities when there's a confirmed emission avoidance or sequestration that occurs so now this doesn't all just sort of happen by itself it needs a lot of legwork into the confirmation and enforcement of emissions so therefore there's a fully self-funded state enterprise called the colorado clean environment enterprise that will be established or c2e2 and c2e2's regulator activities include setting minimum emissions levels and waivers for activity below a certain level um establish annual rates of returns for um or annual rates for permits licenses and penalties enforce the limits confirm the emissions um of regulated entities and levy pay um penalties and fines uh and then the rebates they'll have they will uh c2e2 will issue rebates and incentives via the clean colorado coin by awarding tokens based on provable emissions avoidance and sequestration so they'll be able to mint coins um in annual tranches they'll be able to set a rate of return for those and i'll go over that in just a minute what that means the tokens will all be traceable back to the source activity for which they were rewarded and they'll be tradable in secondary markets being something like an erc20 token and they'll be of course exchangeable for non-expiring non-refundable tax credits that's the way that that the liquidity that they are providing so of course the first thing to do is to pass the legislation necessary to create the enterprise and to establish their authority as a regulator once that happens then of course c2e2 will have to hire staff and set up everything that you'd normally run but in year two they could start issuing permits and licenses and of course taking in penalties they'll collect the fees associated with it they'll also be able to award the tokens for confirmed savings and other activities everything that they do all activities will be published on a publicly confirmable invisible blockchain they'll also need to set the rate of return for the next year's tranche and modify fees if needed because they are they do need to be self-funded um of course after year three in any subsequent year those activities will stay the same with the exception that whenever someone calls in a token and essentially uses it for their step to pay taxes um c2et will have to pay the department of revenue for those tax credits so an example of how this would work in practice is let's say a company their activity results in getting five clean colorado coins um and assuming those coins have like a rate of return it's set like 1.3 percent um and that the tokens are not able to be um retrieved or used until the next year the company has a couple of options they can hold the in tokens as an investment or wait until they have a tax basis to leverage it they can sell the tokens to another entity or they can cash the tokens in so in closing we need bold moves to provide the societal financial and personal and business incentives um to get renewable energy to the usage we need cholerons will make better decisions because of a clean colorado coin so thank you very much and i'm russell castignaro and i know that we can use blockchain technology to show the rest of the world what urgent changes transparent blockchain technology can enable by getting colorado to 100 renewables while colorado businesses residents and visitors thrive thank you all right we got any questions for russell we got just a quick sec and then we got our final presentation ready okay i have uh russell russell good presentation um you know that uh you know that states are not allowed to mint their own coins that is to say they can't mint money so um if the coins are exchangeable for taxes essentially it ends up being treated like fiat so even if there was state law to deal with the securities regulations you know that would be a challenge is it possible to to remove the tax credit aspect of it so that you're out of the fincen and other uh federal uh regulatory territory um sure i actually you know the people i talked to it said that doing it as tax um as a tax credit would actually be easier regulatory wise because i couldn't talk to you about it but uh um but the uh you know the idea that that could be paid as a direct um you know as a as they would be like the um they would set the floor for those tokens that would be very easy to sell i mean that's the more standard approach to it right so there would be no problem with doing that if it's tradable among itself but not tradable uh and not providing some kind of actual liquidity you are moving away from that but if you can do that then it becomes uh you know much more plausible i think okay well that that sounds like great feedback thank you thank you thank you russell all right moving on to our last pitch um talent chat tackling challenge seven we have a project called opolis which is payroll benefits and shared services for the independent worker via a colorado lca it's a member-owned employment cooperative oh wait that's me so i'm actually presenting to you all so let's uh let me just i'm gonna uh share my screen here okay so we're gonna talk about challenge number seven which is about building marketplaces for independent workers to get benefits services while maintaining compliance so opolis is a digital employment cooperative member owned for payroll benefits and shared services for independent workers in colorado so colorado has an influx and trend towards independent work seasonal laborers state contractors to maintain flexibility solopreneurs entrepreneurs and gig workers and specifically creatives are growing classes of the workers in the colorado economy and this isn't just a colorado thing this is a national and an international thing in fact by 2028 it's predicted that over half of the u.s labor force is going to be classified as independent workers to illustrate this you're going to meet my friend emily she's a state contractor with owit and she works through a staffing company that kind of treats her like a second-class citizen they don't pay her very well the benefits aren't very good and she has to go to the open exchange and spend almost four thousand dollars a year more on health care insurance for her family she's also working a couple of side gigs and has to manage all this back office with the tune of three thousand dollars per year plus a couple of hanging participles in 401ks and she doesn't know where to put them so her life is crazy trying to manage all of this and she just doesn't feel like she has the security and safety that she needs for her family now the problem is that most of the existing technology frameworks and employment frameworks aren't really built for individuals they're built for b2b engagements in other words corp to corp where you've got employees as the product now while employees desire more flexibility and freedom and employers desire less risk and cost you've got intermediaries extracting massive value from the center and actually none of the existing solutions really support the goals that are more forefront today the current options are well you can just regularly w-2 somebody take on all the risk yourself you can outsource it to somebody else or the individual has to kind of go solo and figure it out on their own there really aren't solutions built for the next generation of employment so opolis is a member owned digitally in digital employment cooperative where compliance benefits shared services and payroll are done on behalf of its members the employment experience mirrors exactly what you would typically expect from really great w-2 employment not staffing companies sort of like shortcutting but the actual comprehensive benefits that are customizable by each member based on what their personal goals are shared services are also completely handled for them so compliance things like actually professionalizing independent workers so that state taxes get paid whether it's compliance with ab5 or other state requirements at the la say aca any of the other alphabet soup acronyms that are required employment are all taken care of and the individuals can elect to be paid in part in crypto as long as that delay standards are being managed now this experience makes emily very happy she has a one-stop shop for all of her support services that she needs she's saving thousands of dollars on aca compliant healthcare because the cooperative has the purchasing power to go out and get great care in the marketplace she's been able to consolidate her retirement plans and all the compliance is done so she doesn't have to be worried she doesn't have to worry about whether or not somebody's going to have to classify her as an employee because she's already a w-2 of her own firm the best part is that she's incentivized to participate she gets to consume services and be rewarded through an lca framework which is the limited cooperative association of course where we've used the unit of account tokenized which is under the digital token act of 2019 in colorado to keep track of patronage as it relates to the payroll mining activities that exist in the ecosystem so for her consumption or referrals she's issued these tokens which in the future as a member translate to her share of profits and dividends that are issued if and when through the network and no tokens are sold so these are not securities these are just units of account to keep track of all of that so in short colorado can benefit from having a community owned organization that allows for in the future and the known future of independent workers to be able to be sovereign and but collaborative with one another to solve their joint challenges any questions this is great uh can you tell me more about the i didn't see health care benefits listed is that a consideration yes model key health care benefits are done through the single ein number through the elca so it's essentially a peo strategy that's being done on behalf of individual workers that are co-employed through their own s-corp entities so essentially the ein number of the lca procures to healthcare on a group basis so it's not done on an individual basis that has no you know purchasing power it's done on the group basis great thank you [Music] all right well thank you for letting me kind of dip in at the end here so carrie will we're going to go ahead and say thank you to you we will we will circle back with you on feedback russell will be doing that as well as myself and we will be announcing the winners of the greenfield pitches at the closing ceremonies on friday cool thank you tong stick around do we have jeff

Automatic transcript — names and jargon may be misspelled.