chainlink surgeHow Web3 Can Improve Your Daily Life Chainlink Plugged-In

oakley chainlink prizm lenses chainlink circle chainlink surge How Web3 Can Improve Your Daily Life Chainlink Plugged-In

so hi everyone hello thank you for coming uh my name is jamie weintraub im one of the event managers with chain link labs uh this is one of our chain link plugged in events i see a lot of familiar faces some new faces glad you all could make it uh really happy to be joined by claire biasco from iotex and brady gentile from hedera hashgraph uh without further ado were going to kick it off ill let each of the panelists sort of introduce themselves um and tell us a little bit about their projects sure hi everyone im claire and im from iotex um i am the ecosystem marketing lead at iotex and happy to be here um and talk with you guys its gonna be great hey everybody my name is brady gentile im in product marketing at hedera were a layer one public distributed ledger solution and weve got some unique governance and unique technology behind the scenes for our network so excited to talk to you a little bit about that today and hopefully walk away with some more new information all right uh brady what you just said goes very well with my first question you almost read it off the card uh what makes each of your technologies uh unique in terms of being a layer one all right so iotex is a layer one network and what makes it really unique is that its iot focused so iotexs real mission its vision is connecting real world data and connecting real peoples lives to web3 so whats really cool about that is that its really that full stack solution it starts with trusted hardware devices make sure that its producing trusted data that then gets sent to the blockchain and once its on the blockchain its verifiable its in real time and it can actually be used to interact with dapps so that real world data can be input as dapps so that people can interact they can do different things but whats really cool from the developer perspective is that its still as a layer one provides all of those needs where its evm compatible its extremely fast it has very low fees it has instant block finality with um five second time and it also uh costs about a fraction of a cent per transaction so what iotex what makes it really cool and really exciting is that its opening this brand new design space for developers so its inviting developers to say how can we bring real world how can we bring smart devices to the blockchain and how can we do that in an inclusive way in a composable way and an efficient way so offering that layer one perspective but also making sure that its that full stack solution awesome um so hedera is a layer one also uh id say theres two unique aspects of hedera that differentiate it from other other networks that are out there and its the governance and the technology and from the technology side of things at hederas core its underlying consensus mechanism is called hashgraph and so its not a blockchain but its a direct acyclic graph and the co-founder of hedera our co-founder and cto lehman baird he had been working on trying to solve the blockchain trilemma problem for a very long time um performance and security and decentralization all in one and so that solution that was discovered was hashgraph and hedera is the only public network that utilizes hashgraph consensus its incredibly fast fair and secure and in terms of speeds 10 000 transactions per second when we say fair we mean the idea of fair transaction ordering so theres a timestamp thats associated with each transaction once it achieves consensus and then secure its asynchronous byzantine fault tolerance which is a certain degree of security that you can reach with public distributed ledgers one of the highest grades of security with that on our network we have solidity-based smart contracts that use the bessu evm and then two native services the token service and the consensus service and these two services utilize hashgraph to its fullest extent so they can write data to the ledger incredibly quickly so similar to like iot related use cases if youre trying to stream data onto a ledger and that data needs to be publicly verifiable you can do that using the hedera consensus service it can go up to 10 000 transactions per second it costs a fraction of a cent per message thats sent its very quick the token service has those same attributes but obviously with tokens that are fungible and non-fungible outside of the tech the governance is the other unique differentiator for hedera and the governance is a governing council of large organizations that are global its up to 39 members today we have 26. folks like chain link labs are on the governing council google lg ibm shinhan bank a large number of global organizations and they all make decisions for the networks instead of having it be you know a few developers behind the scenes that are kind of trying to make decisions uh its these folks that come together as an expert council to decide the direction of the code base theres obviously community contributions as well as part of that um and so yeah between those two things i think thats the main differentiator of hedera thank you my next question um is more general and it will kind of lead us into where were going with this iot focus discussion how uh in peoples ordinary lives and i guess you could be given that hedera focuses a lot on enterprises from a business perspective you could answer this question as well how can web 3 blockchain hashgraphs sort of improve financial transactions in the day to day and i know thats sort of a very general question but if you could still take it um sure so uh improving financial transactions day to day so uh today when youre doing payments youre usually going through uh networks like visa and in many cases those transactions take a percentage along with um a small denominal fee as part of it and um you know as mentioned before its a fraction of a cent to send uh to send tokens across the network from one account to another and so payment systems that are based on blockchain and distributed ledger technology enable people to pay each other without these kinds of financial or border limits so for example um usdc is on hedera and uh someone could create an application thats built on hedera that allows two people to transact through a point of sale system using the hedera network so i think well start to see you know were looking at like this is infrastructure like these are its basically a database at the end of the day and um you know whats built on top of it is really going to be what changes the world or the world of payments and theres a lot of time i think before that really starts to evolve and become mainstream but the technology is there to be able to to do these things fast and inexpensively yeah i think thats such a good point of what you said too that the technology is there now and we know that transactions right now can be borderless theyre way more frictionless and its way more available to a lot of individuals especially those bankless especially those international and really those who need money fast in certain instances so one thing that first came to mind with that question as well is that iotex recently partnered with unchained fund who is providing direct relief in ukraine and providing humanitarian aid to civilians and not only iotechs doing this really cryptocurrency as a whole um im sure weve seen millions and millions of dollars being able to get directly in the hands of civilians where fiat and traditional currency really could not solve these issues so i think cryptocurrency as a whole is really really interesting use case providing humanitarian aid providing borderless payments and like you said the technology is possible and when its costing a fraction of a cent to send those transactions and its on that individual to individual basis too you know you can have an entire collective community raise these funds and help individual people when they need it most without organizations or banks taking these fees or taking extra time to send these payments forward and with that too its the speed but its also the transparency and its also the security so all of these things that blockchains in general are really trying to solve when youre considering payments and even in everyday daily lives this is a great solution to that you know its solving that trifecta its solving how people can send these borderless payments and i think were seeing a really great use case right now when its being used to send it to civilians when they need it the most and so to be able to say heres the technology heres how its happening now okay now how can we make an actual framework and how can we make apps that do this and how can we make it easy for more people to see this as a reality and so iotex is really trying to do that and actively working towards how we can do it across spaces so not only you know defy or game find all of these actual more cryptocurrency blockchain topics but expanding it outside of that and expanding it so that youre touching every industry and youre touching every sector finance and beyond so i think thats going to be very cool and i think its going to enhance daily lives as well so its providing this need but its also actually benefiting a lot of peoples lives as well and making things more convenient accessible user-friendly um i think these are all goals moving forward now that we have this here and lets take it a step forward and lets get more people involved lets get innovators doing these solutions since that framework is sort of there already yeah um you briefly touched on it claire i want to expand upon how your technologies can help especially with financial transactions to focusing on security and fraud mitigation yes so with fraud mitigation too i think one thing thats really interesting is when youre talking about payments proving the identity of the sender of these payments um not only with financial transactions but beyond iotex is really focused on did and focusing on decentralized identity and i guess this more specific in an iotex lens and not necessarily in a financial transaction lens but iotex is focusing on how we can give people identities on the blockchain and also give machines identities on the blockchain so when youre talking about machines that are eventually going to be able to perform transactions and perform actions autonomously we need to prove that these are being done verifiably theyre tamper-proof and theyre secure so when it comes to mitigating fraud um making sure that the people sending the money have this identity the machines have this identity and really making sure that we have the standards for this method so you know its not this answer only within iotex but its focusing these standards that can actually be used across industries so were right now leading an ieee working group with several enterprises including bosch lockheed erickson a couple others where were really focused on saying how can we identify standards and how can we find these issues improving identities so that we can find the solutions in order to make this the most secure and safe platform for all users um both personal and enterprise level yeah to echo that standards is one of the biggest things i think being able to have everyone recognize if there is an identity thats on the web you know whether its on hedera or on iotex uh recognizing that that individual is that individual that their credentials um are in a format that everyone can read is important we may be on the same standards body with iw3 yeah um so i think you know a lot of companies in both the web 3 space and then also in the web 2 space that are more familiar with identities such as like ping and some others are trying to work towards finding those standards together um and again applications built on top of the infrastructure theyre gonna like facilitate that uh that decentralized identity but like it would be cool to see you know that thatll be like the um people navigating across the web just being themselves and not having to uh to you know upload an id or like upload like a bank statement or a utility bill to be able to prove who they are will be really convenient in the future um and then on hedera specifically in terms of fraud mitigation um you know back to kyc youre saying uh one of the things that the native token service does on hedera for accounts is around flags for those accounts for kyc aml and so you know natively if an application developer is building financial application and theyre custodying accounts that are in that application its like a bank or fintech company um and the end user doesnt pass the kycml they can just flag that on the account uh in order for them to be active within the application in addition like the ability to do some account freezing related activities stuff that i would say yeah its not permissionless and not um sort of the ethos of web three but it is a way to meet halfway with what is happening today and what regulation is probably going to call for in the future um and so were sort of ready for that world as it starts to come together i want to sort of focus now we can stay on the um verification of identity more out in the world what are some use cases you see coming about whether that be um there and not necessarily serving the web you know it would be voting or driving or in your health care provider what are some common use cases you could see emerging in the near future yeah so i think driving is a really awesome example and something iotex is specifically being involved in right now so its one use case that im very excited about we are part of mobys trusted trip initiative so were doing right now a concept where um having your vehicle be able to uh do some things autonomously whether its make automatic payments for services like gas or for groceries while youre traveling and maybe taking that a step further where your car can prove that youre driving safely and maybe youll have an insurance company who would want to lower your costs if youre proving that youre driving safely so a lot of these concepts that are already being talked about and now were actually trying to put them into practice again with that verifiably that you know proof of real world data and iotex makes sure that that data is happening in real time so what makes it really cool is that its from the hardware level to the software level like i mentioned and iotex has a layer two real world data oracle in the middle to make sure that that data is conveyed safely and privately and accurately so when you have these initiatives like the one that mobys working on its really figuring out how these cars on the road can perform all these actions autonomously and how they can actually enhance our lives and how they can do it to benefit us and i think it is very similar to instances like voting or like healthcare where its not necessarily creating standards in the sense that we were talking about it before but creating these ideas where maybe if you prove that if you have a smart lock on your home and you prove that youre locking your door every day that could lower your home insurance costs or if you have solar power panels in your home maybe if youre generating enough power to share it with a neighbor or maybe monetize from that data or you know prove that youre contributing to your community and contributing to the environment theres so many things that you can kind of look at these devices around you and say hey how can this be taken how can this be put onto web3 and now how can we enhance someones life or how can we help the environment or help ease pressures in healthcare systems really kind of asking these big questions and asking how we can do that and iotex wants to play a role in that in saying um were providing that layer one were providing the design space were inviting innovators and app creators to say i have this great idea for locking homes or for solar panels and now we say okay heres the tool kit to do so and we can actually you know prove that that data is verifiable and put it on chain and help people benefit and even just making sure that youre in control of your data and how you want to use it and on both the personal and enterprise level so i think driving is one use case im really excited for and just the smart home in general and thinking about how many devices we currently connect in our homes and where those can actually be optimized and kind of worked as this collective network unit not just each working individually i love the iot sensor data in the home combined with insurance use case because i had a roommate that was an actuary for a while and uh he was saying that they use data modeling for insurance and having access to all of that data would like make them a much more like predictable way of doing insurance so its just something i thought of when you said that um okay so the one thing that i was thinking of im like what uh what like frustrates me the most where having um decentralized identity would help solve this and one of the biggest things was the equifax breach that happened and i think the ability for you to combine decentralized identity with something like zero knowledge proofs where you could uh prove to someone without disclosing the information about yourself or those like decentralized identifiers about yourself uh your credit history you dont need an intermediary like equifax to hold all of that personal information um they should not be around anymore after what happened but i feel like this would be a solution to that um it would be a big a very big game-changing thing um great i want to sort of hone in on iot for a little bit um i guess my first question would be right claire you talked about having all your smart devices in your home interconnected how feasible is this right theres already an iot model um thats not blockchain based is this is there is this doable all right for all of your device in your home to be connect interconnected on chain is there gonna be gas problems with this what would it be data breaches security concerns what do you think right so i think this is a great question especially coming off of what you just said with um you know providing that information without needing to actually give a third party that information and right now the reality in iot is that those third parties do have all of your information and they have it in a very insecure way so when you think of all of the devices that you have and the companies that own them a lot of the current iot issues lie in the fact that there are no standards for security and so current web 2 companies are really not incentivized to provide higher security standards for individuals and uh the iot industry as a whole by 2030 is expected to be worth about 12 trillion and were expected to be you know outnumbered by my by machines ten to one and if you think about that reality is that more and more companies are connecting devices on web you know you have your fridge is now connected to the internet your coffee makers everything in your home before you even step foot outside is starting to connect to the internet so the reality is there needs to be a solution and so the question is finding a feasible one so i think you know taking all of these things into account um iotec specifically has addressed this question um of how can we make sure that this data comes on chain but in a economically feasible way so iotex is gas fees transactions cost a fraction of a cent you can send about 5 000 transactions per second all of these micro transactions are possible which is really why we are so focused on iot and making that possible some blockchains with really high guest fees it would be more difficult to have iot related solutions because you wouldnt be able to be sending this data every five seconds or every five minutes especially like when youre in your car proving that youre driving safely that requires many transactions and you cant do that with high gas fees so when creating iotex that was the priority of having it be extremely low fees extremely efficient scalable you know all these trilemma questions that we need to answer and making sure that that has an iot focus and not only that um thats all information once its on chain but we need to actually start at the hardware level when its off chain so making sure that that hardware data is reliable that its verifiable iotex developed two blockchain based devices ucam which is a home security camera where all data is stored on the blockchain but they actually recently launched pebble which is a hardware device that tracks environmental data such as location motion wind air pressure all of those factors where that the pebble device actually neither the user the manufacturer the company no one is in charge of those private keys its all done at the hardware level and that data is sent autonomously to the blockchain using that real world oracle on the layer two that i previously discussed so its really about developing this full stack solution um its not just about taking data from any device and putting it on the blockchain its taking that extra step of caution and making sure that its done in again a trustworthy way in a verifiable way so that you can ensure that the data is accurate and that its tamper-proof that its actually um the data is what it says it is and the identity is who they say they are so when it comes to creating a platform that does all of those solutions its starting at the hardware level and then working all the way up to the blockchain level where you make sure that its fast efficient and cheap as well so iotex really took that full stack solution into question and made that a priority so that it we can say confidently that it is a feasible solution and a reality um to address those current insecure iot issues in the web 2 world awesome um so from a security perspective on the hedera side of things you know were not um we do iot related use cases and people can use the consensus service to write data to our uh to our network and its also at a fraction of a cent i dont think we have fully integrated the types of standards that iotex has created for an iot based solution it would be an application that would want to build on top of hedera to come up with what that looks like we would just be sort of the base infrastructure for it um i think the biggest thing for iot in terms of security on the hedera side is um its using the hedera consensus service which is uh the ability to write very fast amounts of data to the ledger so it works in the same way as theres a streaming data service thats web 2 thats called kafka and its a topic and then messages that you can write very quickly and so hedera consensus service acts essentially like a decentralized kafka creates a verifiable log of transactions very inexpensive again to write to and were finding that people are you know if they dont want that data publicly displayed they can encrypt it on the ledger and you can verify that the transaction occurred with the consensus time stamp for a specific event but you dont have to disclose what that specific event is and so an iot application could come along and use hedera consensus service in that way um and then on top of that you have what were called we call state proofs and so its the idea of ensuring the state of the ledger uh when some data was written to it and its a mathematically provable way that would be able to be used in like a court of law say if it was um uh i dont know something happened like a fire in a forest and there was a sensor there that had to log when heat was exposed at a certain point in time and uh it was a part of a lawsuit for like a um some forest fire that happened you know that would be like an example of something where youd want to be able to prove with certainty that these things happened or that that specific event occurred um yeah great could we hone in on healthcare for a second i think um ive i know that both of your technologies have talked about ways to make the existing healthcare uh relationship between right your you and your provider more efficient whether it be adapt utilizing the consensus service or i uh claire talked on their pebble device which i believe in your keynote for iotex 2 talked about you know be able to track your physical activity and then report that to your healthcare provider so you know what are some things that you could see happening and make you excited about improving their relationship right so yeah the our device pebble is the hardware device that can prove things like walking or running and proving activity so we have one app launching on iotex theyre actually launching their beta next week called health blocks and theyre a team of health care experts who are working on preventative health care so theyre working with dutch governments and saying how can we improve our daily actions and how can we prove our physical and mental being so that we can reduce some of the pressures on the traditional health care systems and provide some of that preventative care so the way that theyre doing that is by launching this app on iotex where you can connect your fitness wearables your phone or you know the pebble device and track your everyday activities so if youre proving that youre walking a thousand steps a day or you can actually fill out a couple surveys in the app thats connected to the world health organization to contribute your data as research um anonymously and privately so these different aspects to be taken into account i think preventative is really interesting and can reduce some of the pressures on the current industry and actually rewarding people for participating in these options so again theyre all opt-in options and the whole point is that your data is secure and private and its controlled and owned by you but if you would like to contribute it to things like doing surveys for research or for your own personal goals if you want to walk the 1000 steps a day or you want to run the couple miles a day and you want to prove that youre doing these activities and actually earning rewards for doing so so the incentivization model is really cool because um with current healthcare providers trying to find these incentives where maybe if you had people doing things to lower their insurance costs i think that could really be tied into it where on the individual level encouraging them to take these healthy lifestyle habits would be really beneficial to re reduce things such as needing to take hospital visits needing to have higher health insurance costs so the preventative side i think is really interesting when youre proving everyday real activities yeah i think um so preventative from an iot perspective makes a lot of sense i think for people that are like goes back to insurance also for like health insurance i think youd get discounts for being able to prove that youre more active i think uh on the hedera side theres a company called acore and acor is its essentially a developer tool middleware that exists on top of hedera that healthcare companies can utilize and it sort of obfuscates the complexities of blockchain having to manage cryptocurrency having to touch the infrastructure bare bones and they provide a solution with standards uh around using nfts to be able to track uh the um medical files for individuals and so it kind of goes back to the idea of like owning your personal data um the idea of having an identity thats part of that and being able to share that information sort of within limits you can like revoke the persons ability to access it or you can provide that access if youd like them to if its like a doctor or service provider um and so acors doing that with nfts on hedera and then a number of other identity players that are coming into the space also so i think theres a lot of um a lot of room to grow i think from the web 3 space in healthcare but i also know that its its a slower moving industry and so i think itll probably take some time before we start to see that um really manifest itself as as medical files on the blockchain or people truly owning that data great uh i have one more question for you before we uh pass it off to the audience for a q a how are ayatex and hedera positioning themselves to be a part of a larger cross-chain ecosystem yes i know iotec specifically when we talk about the new initiative that were launching machine fi and its connecting machines to blockchain iotex is really launching this initiative to not be the sole players its about creating the standards its about creating the framework and opening this floor and opening this brand new design space as an invitation to developers and asking developers to build these solutions you know the the answer cant be done by one team or one company alone it really is about inviting the broader web3 space and seeing how blockchains can interact together and how cross-chain compatibility comes into play and making sure that all of this data can be communicated communicated across chain and not only you know kept as a walled garden within one chain so its about opening this design space not closing it off so the way that iotex is doing that with machine fi is really pushing forward composability its pushing forward these standards and saying this is how data should be secured this is how you can communicate data really creating that open call and open environment to developers um i dont think it can be done on one blockchain alone and thats where you know inviting all these blockchains to sort of have this open source all of these uh core values that web 3 holds really are essential in the iot space but also in just the broader blockchain application level as a whole like you said whats really going to come into play is that we have the technology now its time to get these applications um used by a wide array of users and the way to do that is to have you know the most innovative minds developers across blockchains all coming to create these solidity apps and you know our role in that is making sure that its easy for developers its simple to set up the iotex framework its feasible its possible in providing that support necessary um to help build those creative solutions yeah i i see it uh on hedera at least its its standards solidity-based smart contracts and then bridges and so um you know from a standards perspective like we were talking about the idea of like identity standards like everyone has to come together to decide on something that can interoperate i i dont think and this is like my own personal opinion but i dont think theres going to be one winner for infrastructure the markets still forming today and all of these products are so new youre you know i anticipate seeing that market form and some of these chains start to kind of stake their claim for specific types of use cases that exist or certain types of technologies standards have to come together to be able to interoperate between all these different chains bridges would need to be able to exist to bring assets for example from one chain to the other and have everybody in all the applications across those different chains recognize that asset using that standard um on hedera for the hedera token service for example the tokens that are fungible and non-fungible minted there are mapped to the erc 20 721 and 1155 standards and so you know it seems like in the space thats really become the the default is based on those ethereum standards that had come out and then like you said solidity-based smart contracts solidity does seem to continue to be the most prominent smart contract language that exists and so having that transposability across these different networks using that seems like its going to be seems like itll be very useful for developers like ease of development but then also for that interoperability thank you at this point im happy to open the floor for questioning we have a mic in the back if you just raise your hand and uh yeah we ask a few questions yep give you mic one second all right there you go hey hows it going so iot devices themselves can be very dependable but theres human error it depends how you use them mechanical failures so on so overall its going to be errors on these devices how do you guys go about that maybe just wrong placement of the device you know its like a colder room how to room checking out the temperature i mean the right place mechanical failures how do you guys deal with that in your overall you know space right so in my opinion my take on that is it all does come back to those framework and the standards is where it can really mitigate risk and reduce the amount of errors i do agree that things like that especially when youre talking environmental data theres always room for error and its about finding those answers to those questions right now iotex specifically one thing that comes to mind is were part of a pilot program right now in the medical supply chain industry and especially in valuable asset tracking so its um especially answering questions like these where you know you have vaccines traveling on trucks long distances how can you ensure that that uh temperature data is correct and how can you ensure that the location is accurate devices do have inefficiencies and inaccuracies um i think the reality really lies is that um in non-blockchain solutions right now theres so many issues right now in asset tracking for example um when youre talking about um the amount of like vaccines that get lost on travel uh you cant track in real time those aspects so i think right now its the question of the pros outweighing the cons and seeing where we can actually apply these standards to say okay were doing this pilot program right now and were seeing these errors arise and were seeing these issues happen so how can we fix that and create a standard so if you did have something like a data inaccuracy arise whats the protocol on how you answer a question like that so it really is right now with proof of concept when these questions arise and seeing these questions come up um addressing how you can minimize the most amount of errors and create the best solution you know i dont think theres going to be an end-all be-all answer to it um but i think its about optimizing the best solution possible and having the least amount of errors in the most efficient way so its not totally you know that catch-all answer of how we can fix it but seeing um where the most questions lie and where the most inaccuracies happen so that you have a solution when that does occur yeah id say theres a similar use case too with hedera from the company everywhere in the uk that was doing like cold storage tracking for vaccines and um i asked a similar question because at the end of the day its like at what degree are you like the trust exists but at a certain point like youre not relying on the blockchain youre relying on something thats just totally out of your control its a piece of hardware um and i think its its just not the problem that this tech is gonna solve like its the tech is solving the idea that you know um if that data is written maybe to a public place and this is the point that i think that youre getting to is like it its real time written to a public ledger where maybe its actually easier to be able to catch and remediate that situation instead of it having been written to like a centralized database somewhere and so yeah it could help mitigate that issue more quickly but at the end of the day its like hardware is going to be hardware and i dont know if theres you know this wouldnt be the tech that could help help to solve it yeah one more over here so my question is for you in the middle miss um you know i i just want to keep going with what im doing because and live my life but i keep going through these hallways where this is new stuff you know what im saying so you know so my question to you now im fascinated by the weather thing so if i send out something now the email document or whatever you were saying to me im im from brooklyn its cool brooklyn possibly park is it so im in brooklyn and im sending this so along with everything else they know about me which i dont i dont know who gets thrilled by this you have to really talk to me to find out the truth but anyway along with everything thats going on youre telling me that theyre going to tell me now that theyre going to say this emails coming from me but its coming from brooklyn and in brooklyn its 78 degrees and raining and all this is this whats really going on right now so yes in that specific use case maybe we would not need all of that data but when youre talking about you know email and youre saying its coming from you and going to someone else so we want to say if it was something you know highly confidential or if it was something of high value if you were sending a very valuable package to someone else how can we ensure that it actually gets there how can we ensure that its you sending it answering questions like that and when it comes to cases of proving your environmental data that is a factor as well uh which can be applied against a bunch of use cases its sort of like you on the blockchain we want to open it up where you can create your identity and your standard like you said theres so many different technologies and so many things happening and different standards that you need to be a part of and different devices to hold we want to make it so that its all connected to you that you are the owner of all of this data and your devices and its all owned by you not you know you have to send your email this way you need to drive your car this way you know have them all be separate so what it is is that um making that process more simplified as well where all of your data is owned by you in the sense that its proved by you your location all of these things but obviously that would be done in a verified private um anonymous way where we dont want to know you know your location and your environment and all of these factors where we dont need to know them and the point is to take away that centralized identity from it and take away that third-party company who would actually right now know that about you uh you would have big tech that does actually know your location and it knows where youre sending it from and what device youre sending it from we dont want third-party companies to know that about you we want to say that only matters to you thats only owned by you and no one else should be able to see that information and you should be able to completely choose autonomously when you want to share that information with people and it shouldnt be kept in a private database owned by a company thats vulnerable to attacks so it really should be you know you your devices and your data not owned by anyone else or enterprises in my data so im a brooklyn from im a woman from brooklyn but im in california but my device knows im there sending it from there so it doesnt matter where i am is that what youre saying sure yes if you had a device in california that you owed no i dont my device is my device right but im from brooklyn but now im in california it just knows where my device is and where im sending it from yes exactly yes thats interesting thank you thank you so um my question um i guess what im thinking is when it comes to devices specifically iot we think about wearables or any other device that we use um a lot of times that users buy something is because um its flashy and functional or theres a theres a marketing angle to it youre wearing an apple watch right now because its a beautiful product not because its decentralized so for a lot of users decentralization is not a feature um we need to come up with like the ordering or like the apple watch or something that makes people want to spend a couple of hundred dollars um so i guess my question is would iotex or hideara or another blockchain project be the ones making those gadgets or wearables or would you rely on other hard decentralized hardware companies who would build these products which cause which cost like millions of dollars in research and then theres no data play there either for them because theyre never going to own the data so i guess my question is would would your focus be on making those products that will lead the adoption or the goal is to set up the framework the infrastructure and then partner with a company that creates that hardware sure so what iotex is doing is a little bit of both like you said you know either creating our own hardware or partnering with other companies so ioteks created pebble this hardware device really as a proof of concept device to have developers work with it um start to create applications with something that could verify data that was really that bottom set goal and i think the really important part is that we as iotechs are inviting developers to create these solutions on top of our platform so thats really where partnering with companies come in and showing them what is possible so turning to a company and saying heres pebble heres what it does but we can actually incorporate this with other devices so it is definitely relying on other companies as well because like you said people want the cool devices they want the flashy but you need good applications thats really whats going to draw people to web 3. its not the technology alone its really what they can provide to ease access like todays even theme of how can you enhance your life with web3 the key is enhancing it and making it easier for people not more difficult for the sake of decentralization so thats where we want to make it as easy as possible for developers to come up with these solutions where as i previously mentioned health blocks the app thats going to prove fitness activity on chain right now um with their beta thats launching next week youll be able to connect fitness wearables like i dont remember the exact fitness devices that are available but its like the fitbit the rings those kinds of devices so its not necessarily that iotex iotex doesnt want to do the hardware creating every solution um were making it so that we have the framework where you can apply all of these devices and actually make them insecure or make them secure from their current insecurities so right now in addition to pebble iotex is about to launch metapebble which is it starts as an nft which is your access card to download an app on your phone which will connect you to what we call the machine phi portal in the machine 5 portal is where your data from your devices is sent and you are the sole owner of your devices and data and in the machine 5 portal is where youll actually be able to interact with dapps so thats where health blocks will be when their app launches um all of your data is kept securely there so with that example um with metapebble which will be on your phone it takes you know iphone data and takes all of the sensors that are in that and will actually be able to bring it on chain so its starting with geolocation in its first phase where youll be able to do proof of presence and prove your location from your phone and send that to the iotex blockchain and other blockchains as well and it will be sent to the machine 5 portal in a secure way so it really is opening up this door that its not iotecs produced devices its a broad range of devices taking it from your iphone taking it from your wearables and creating those um instances where its third-party devices that are being brought on chain with iotex one more over here lets uh how many people have questions just to gauge the room all right lets lets do these last three and then well be done okay yeah i was wondering what do you guys think about the the role dolls are going to play in the proliferation in the future of uh iot okay okay so yes um with daos uh we also have an interesting use case with this one we have partnered with city dao which is uh the first physical dow its in wyoming uh wyoming is the first state to legally recognize daos they have a physical plot of property there and they are currently using two pebble trackers to track environmental data on that plot of land that they own so um in my perspective and iowa texas perspective i think daos are going to play a really interesting role in smart cities and smart city infrastructure especially uh opening the use cases for publicly owned utility machines and so city dao is actually having a great example of that right now where they are using pebble trackers to generate this data on their plot of land and its completely up to the citizens of city dow to decide how that data can be used how that data can be shared so right now obviously with the example of pebble tracker using environmental real-time data but when you think about how this technology can be applied across different devices whether it be cars whether it be more infrastructure type machines i do think daos will play an interesting role i think daos are still in their very early stage obviously and theres a lot of community and governance decisions being made but the framework as a whole i think is really really exciting to have community-owned machines and community-owned data in deciding what to actually do with those machines i think it opens up a lot of interesting use cases one other example comes to mind one app that launched on iotex called sumotex where they are investing in physical real estate properties and bringing fractionalized ownership of them on chain so their ultimate goal is to be a machine phy dow so they want all of their properties in the future obviously this is their big vision goal would be to have machine fi connected devices on their properties so whether it be smart locks smart cars all in these properties that are owned by groups of people so i think that general concept as a whole can really be applied across different dows different ideas in fractionalized ownership and beyond and i think thats similar to city dao where right now theyre tracking data on land but i think it would be really interesting if you had actual machines on land and smart devices again i think it comes back to the community and governance decisions that are made in these early stages but i do think theres definitely a role for dows in the iot space specifically we have a few sustainability applications that are on hedera right now for carbon credits also and so one of the use cases that ive heard um but this has not come to fruition yet would be a dow where folks would be able to vote on sort of which carbon sequestration projects uh the dow would want to invest in and then uh dow owners having sort of carbon credits as part of that being received for deciding on which ones they want to they want to invest in so from a sustainability perspective i think theres some interesting use cases there um i have a question uh this is for iota but it may be um unrelated i know that uh the iota foundation is uh launching assembly which is like a d5 layer i just want to know if you could talk a little bit about that or if you knew anything about that yes i dont know much about you know iota what theyre launching specifically i know that they had the iot focus and that they are launching assembly as well and theyre taking their own stance on how theyre going to tackle iot and i think its you know iotex has their way that theyre tackling iot and iota has their way that theyre tackling iot and like hedera has theirs and like you had mentioned before i dont think theres one end-all be-all solution i think were really in the early stages of seeing um what kind of solutions best fit iot and seeing um you know all of these proof of concepts start and then start to develop into actual applications and start to be usable by people so i think um it will be interesting to see the launch and see when you know the technology across all blockchains gets to be in the hands of people and gets to be kind of used by people and thats when we can really see how feasible it is in iot and how these solutions would work for everyday people so iota specifically im not sure but i do think that broader application of blockchains you know getting the applications built on them and seeing how those can be used by people will really be key okay and the last but not least here hi first of all thank you both its eye opening hearing what you have to say about internet of things and then my question is specifically the relationship and the integration with chain link both of you iotex and hedera can you talk a bit about um what thats like are you guys both running uh chain-link nodes and and how does this decentralized oracle network play into into both iotex and hedera yeah um yeah its a good question so hedera had recently launched smart contracts in february and so um chain link labs is on the hedera governing council and right now were going through the integration process of chain link being on hedera smart contracts and then offering oracle data for any defy application thats built on hedera i dont have an estimate on the completion of that but we are very excited though to be able to have you know itll be the first oracle provider on hedera so itll be great yeah very cool similar uh chain link will soon be natively integrated into the iotex network um dont have a deadline but soon that it will be coming and i think the concept as a whole of the integration between chain link and iotex is really fascinating in the sense that iotex like ive been saying is that real-time data that real-time function and activity in the real world can be become combined with chain links historical data so if you had something like weather indices provided by chain link to then be compared with real-time weather data for iotex so if you were talking about farms perhaps in agriculture how you can compare historical weather data in that area to where it actually is right now using a smart contract and having it be efficient and autonomous for the agriculture industry and have it be for you know methods of sustainability and maybe traffic patterns and how that relates to current traffic i think you know with real-time data it doesnt have any context to it unless it does have historical data and something to back it up and thats where chain link and iotex work in a really fascinating way together to kind of provide the context for each other to open up a lot of use cases and really with smart contracts have that historical and that reel to produce a verifiable solution so very excited for that integration i appreciate the two of you taking that question for me how about a round of applause for our panelists [Applause] At this Chainlink Plugged-In event, experts weigh in on how Web3 will change the average persons daily life, and give a preview of how blockchain tech is becoming more user-friendly. Guests: Claire Biasco, Ecosystem Marketing Lead at IoTeX Brady Gentile, Director of Product Marketing at Hedera Hashgraph Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink: Website: Docs: Twitter: Chainlink Chainlink,