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Reputation & Trust – The Future Capital | Mohit Srivastava | TEDxGLAU


[Applause]

[Applause] [Music]

so you know thanks for having me here

so you know thanks for having me here it’s a great audience and I think the

it’s a great audience and I think the

it’s a great audience and I think the fluoride weekend I’d really like to

fluoride weekend I’d really like to

fluoride weekend I’d really like to touch upon upon this very very

touch upon upon this very very

touch upon upon this very very thoughtful walking you know session by a

thoughtful walking you know session by a

thoughtful walking you know session by a novel like I am I I am as a person I’m a

novel like I am I I am as a person I’m a

novel like I am I I am as a person I’m a I’m an optimist and I fundamentally

I’m an optimist and I fundamentally

I’m an optimist and I fundamentally believe that the world is full of people

believe that the world is full of people

believe that the world is full of people like myself there will be people who

like myself there will be people who

like myself there will be people who will who will try and disrupt when I say

will who will try and disrupt when I say

will who will try and disrupt when I say the stuff don’t don’t look at the

the stuff don’t don’t look at the

the stuff don’t don’t look at the disruptions in terms of you know new

disruptions in terms of you know new

disruptions in terms of you know new innovations but look at it from a

innovations but look at it from a

innovations but look at it from a disruption which is has a negative

disruption which is has a negative

disruption which is has a negative connotation so I fundamentally believe

connotation so I fundamentally believe

connotation so I fundamentally believe that there will be people who will

that there will be people who will

that there will be people who will always be out there to create havoc and

always be out there to create havoc and

always be out there to create havoc and to create chaos and thankfully we have

to create chaos and thankfully we have

to create chaos and thankfully we have people like Rahul and is company who are

people like Rahul and is company who are

people like Rahul and is company who are there as gatekeepers who will eventually

there as gatekeepers who will eventually

there as gatekeepers who will eventually protect us so I am a firm believer that

protect us so I am a firm believer that

protect us so I am a firm believer that as long as we have to have to live we

as long as we have to have to live we

as long as we have to have to live we have to have faith if the human race and

have to have faith if the human race and

have to have faith if the human race and we have to have faith in all our

we have to have faith in all our

we have to have faith in all our abilities and our abilities to love and

abilities and our abilities to love and

abilities and our abilities to love and care about each other so on that note

care about each other so on that note

care about each other so on that note today I’m going to talk about a story a

today I’m going to talk about a story a

today I’m going to talk about a story a story about mankind about humanity and

story about mankind about humanity and

story about mankind about humanity and about how the evolution of man has

about how the evolution of man has

about how the evolution of man has happened over the last 200 and 250 years

happened over the last 200 and 250 years

happened over the last 200 and 250 years now I don’t know how many of you are

now I don’t know how many of you are

now I don’t know how many of you are ardent fans of history or how many of

ardent fans of history or how many of

ardent fans of history or how many of you have have studied economics but I

you have have studied economics but I

you have have studied economics but I can do 10 that you know there is this

can do 10 that you know there is this

can do 10 that you know there is this audience a lot of us are consumers off

audience a lot of us are consumers off

audience a lot of us are consumers off of technology and Internet I do also

of technology and Internet I do also

of technology and Internet I do also believe that a lot of us are aware of

believe that a lot of us are aware of

believe that a lot of us are aware of how how our parents or our grandparents

how how our parents or our grandparents

how how our parents or our grandparents were aware of our forefathers used to

were aware of our forefathers used to

were aware of our forefathers used to operate in a world which was a lot more

operate in a world which was a lot more

operate in a world which was a lot more civilized than what what is nice today

civilized than what what is nice today

civilized than what what is nice today so we were essentially an agriculture

so we were essentially an agriculture

so we were essentially an agriculture and agrarian society I had then you know

and agrarian society I had then you know

and agrarian society I had then you know post-industrial revolution we’ve now

post-industrial revolution we’ve now

post-industrial revolution we’ve now reached at a level I have at a time when

reached at a level I have at a time when

reached at a level I have at a time when we are witnessing the digital digital

we are witnessing the digital digital

we are witnessing the digital digital era so without much ado let me sort of

era so without much ado let me sort of

era so without much ado let me sort of wine with skin why do I see doing these

wine with skin why do I see doing these

wine with skin why do I see doing these two slides I should only see one

sorry about that the second slide should

sorry about that the second slide should happen yes thank you

happen yes thank you

happen yes thank you so let’s very quickly dig a little

so let’s very quickly dig a little

so let’s very quickly dig a little little back in time and and understand

little back in time and and understand

little back in time and and understand how how happy you born there is a

how how happy you born there is a

how how happy you born there is a society as a culture and as people so on

society as a culture and as people so on

society as a culture and as people so on the first on the first part of my slide

the first on the first part of my slide

the first on the first part of my slide you will see that we are talking about

you will see that we are talking about

you will see that we are talking about the penis generator which is self

the penis generator which is self

the penis generator which is self explanatory so we’ve like I said we

explanatory so we’ve like I said we

explanatory so we’ve like I said we essentially mean of farming civilization

essentially mean of farming civilization

essentially mean of farming civilization we our entire life was was surrounded by

we our entire life was was surrounded by

we our entire life was was surrounded by farms and our whole purpose of existence

farms and our whole purpose of existence

farms and our whole purpose of existence was to do farming for our own self

was to do farming for our own self

was to do farming for our own self consumption over a period of time you

consumption over a period of time you

consumption over a period of time you know we moved into the era of

know we moved into the era of

know we moved into the era of industrialization and that’s when you

industrialization and that’s when you

industrialization and that’s when you know in late 1840s the first Industrial

know in late 1840s the first Industrial

know in late 1840s the first Industrial Revolution happen does anyone know what

Revolution happen does anyone know what

Revolution happen does anyone know what happened in the first Industrial

happened in the first Industrial

happened in the first Industrial Revolution and I won’t include that you

Revolution and I won’t include that you

Revolution and I won’t include that you know the senior professors because I’m

know the senior professors because I’m

know the senior professors because I’m sure they would know this anyone okay

sure they would know this anyone okay

sure they would know this anyone okay III I would I would get to that so the

III I would I would get to that so the

III I would I would get to that so the first Industrial Revolution was largely

first Industrial Revolution was largely

first Industrial Revolution was largely around the innovation and the and the

around the innovation and the and the

around the innovation and the and the introduction of the steam engine steam

introduction of the steam engine steam

introduction of the steam engine steam engine was the first you know catalyst

engine was the first you know catalyst

engine was the first you know catalyst that actually helped to propel the

that actually helped to propel the

that actually helped to propel the economy the way it has and with the help

economy the way it has and with the help

economy the way it has and with the help of steam engine and a lot of

of steam engine and a lot of

of steam engine and a lot of manufacturing was was driven around

manufacturing was was driven around

manufacturing was was driven around around steam engines a lot of a lot of

around steam engines a lot of a lot of

around steam engines a lot of a lot of packed things got built at that time

packed things got built at that time

packed things got built at that time because you know like I said before we

because you know like I said before we

because you know like I said before we were farming in the farming country and

were farming in the farming country and

were farming in the farming country and then we became a sort of a manufacturing

then we became a sort of a manufacturing

then we became a sort of a manufacturing country and what also incidentally

country and what also incidentally

country and what also incidentally happened that there was there are large

happened that there was there are large

happened that there was there are large amount of people and population got

amount of people and population got

amount of people and population got segregated and and and and and God

segregated and and and and and God

segregated and and and and and God created around large factories which

created around large factories which

created around large factories which eventually became large cities of the of

eventually became large cities of the of

eventually became large cities of the of the future world moving on we came to

the future world moving on we came to

the future world moving on we came to the Second Industrial Revolution and and

the Second Industrial Revolution and and

the Second Industrial Revolution and and this was a nine where electricity happen

this was a nine where electricity happen

this was a nine where electricity happen now just close your eyes for a minute

now just close your eyes for a minute

now just close your eyes for a minute and imagine that you lived in a world

and imagine that you lived in a world

and imagine that you lived in a world where where you had no electricity and

where where you had no electricity and

where where you had no electricity and suddenly you have electricity which

suddenly you have electricity which

suddenly you have electricity which which suddenly gives a lot of light to

which suddenly gives a lot of light to

which suddenly gives a lot of light to the future world so with the weather

the future world so with the weather

the future world so with the weather invention of

invention of

invention of city also came oil and gas and then that

city also came oil and gas and then that

city also came oil and gas and then that further helped propel the economy to

further helped propel the economy to

further helped propel the economy to where it finally has I had to go to the

where it finally has I had to go to the

where it finally has I had to go to the third Industrial Revolution which we

third Industrial Revolution which we

third Industrial Revolution which we believe which a lot of historians and an

believe which a lot of historians and an

believe which a lot of historians and an economist say still exists is the era

economist say still exists is the era

economist say still exists is the era where the adoption of the digital world

where the adoption of the digital world

where the adoption of the digital world the adoption of computers the adoption

the adoption of computers the adoption

the adoption of computers the adoption of cybersecurity or the lack of it if I

of cybersecurity or the lack of it if I

of cybersecurity or the lack of it if I may has happened then and today I think

may has happened then and today I think

may has happened then and today I think we’re standing at the cusp off of the

we’re standing at the cusp off of the

we’re standing at the cusp off of the fourth Industrial Revolution I think if

fourth Industrial Revolution I think if

fourth Industrial Revolution I think if you look around you will see that we are

you look around you will see that we are

you look around you will see that we are probably a very few fortunate lot would

probably a very few fortunate lot would

probably a very few fortunate lot would experience how the world will evolve in

experience how the world will evolve in

experience how the world will evolve in the next thing to fulfill means if you

the next thing to fulfill means if you

the next thing to fulfill means if you talk to your parents and your

talk to your parents and your

talk to your parents and your grandparents they tell you about you

grandparents they tell you about you

grandparents they tell you about you know the error that they’ve seen which

know the error that they’ve seen which

know the error that they’ve seen which is P independence and Bush independence

is P independence and Bush independence

is P independence and Bush independence but I can I can confidently tell you

but I can I can confidently tell you

but I can I can confidently tell you that the kind of changes that you and me

that the kind of changes that you and me

that the kind of changes that you and me would witness and hopefully will we will

would witness and hopefully will we will

would witness and hopefully will we will all live will be path-breaking

until until a few years ago you know

until until a few years ago you know people will talk about self-driving cars

people will talk about self-driving cars

people will talk about self-driving cars and it would you know we would laugh at

and it would you know we would laugh at

and it would you know we would laugh at the world but today let’s accepted that

the world but today let’s accepted that

the world but today let’s accepted that that’s not a far-fetched reality

that’s not a far-fetched reality

that’s not a far-fetched reality today’s self-driving cars exist the

today’s self-driving cars exist the

today’s self-driving cars exist the likes of Toyota Ford Tesla and even

likes of Toyota Ford Tesla and even

likes of Toyota Ford Tesla and even technologies are largely you know car

technologies are largely you know car

technologies are largely you know car manufacturing companies but even the

manufacturing companies but even the

manufacturing companies but even the likes of Google and uber are actually

likes of Google and uber are actually

likes of Google and uber are actually experimenting with working prototypes of

experimenting with working prototypes of

experimenting with working prototypes of self-driving cars in the Silicon Valley

self-driving cars in the Silicon Valley

self-driving cars in the Silicon Valley so this is the world we are living in I

so this is the world we are living in I

so this is the world we are living in I was also reading another report which

was also reading another report which

was also reading another report which was published by the world economic

was published by the world economic

was published by the world economic World Economic Forum and the group will

World Economic Forum and the group will

World Economic Forum and the group will counsel in the World Economic Forum in

counsel in the World Economic Forum in

counsel in the World Economic Forum in 2013 predicted that by the year 2026 and

2013 predicted that by the year 2026 and

2013 predicted that by the year 2026 and that’s not far by the year 2026

that’s not far by the year 2026

that’s not far by the year 2026 a certain percentage of our Board of

a certain percentage of our Board of

a certain percentage of our Board of Directors will be actually machines this

Directors will be actually machines this

Directors will be actually machines this week these will be people who will be

week these will be people who will be

week these will be people who will be artificially intelligent machines

artificially intelligent machines

artificially intelligent machines and they would be taking decisions for

and they would be taking decisions for

and they would be taking decisions for the growth of the organization and that

the growth of the organization and that

the growth of the organization and that that that that error is not to

that that that error is not to

that that that error is not to we’re also living and I’m sure a lot of

we’re also living and I’m sure a lot of

we’re also living and I’m sure a lot of you have heard of these big names that

you have heard of these big names that

you have heard of these big names that I’m going to talk about big big terms

I’m going to talk about big big terms

I’m going to talk about big big terms augmented reality big data chat pods

augmented reality big data chat pods

augmented reality big data chat pods virtual reality smart cities these are

virtual reality smart cities these are

virtual reality smart cities these are just to name a few examples of the kind

just to name a few examples of the kind

just to name a few examples of the kind of things that we are experiencing and

of things that we are experiencing and

of things that we are experiencing and that we’ll explore the next 10 to 15

that we’ll explore the next 10 to 15

that we’ll explore the next 10 to 15 years I believe that the fourth

years I believe that the fourth

years I believe that the fourth Industrial Revolution will present

Industrial Revolution will present

Industrial Revolution will present machines and humans with completely new

machines and humans with completely new

machines and humans with completely new capabilities the world of tomorrow is

capabilities the world of tomorrow is

capabilities the world of tomorrow is not far away where all of us will be

not far away where all of us will be

not far away where all of us will be planted with the chip a micro processing

planted with the chip a micro processing

planted with the chip a micro processing chip which will not only monitor our

chip which will not only monitor our

chip which will not only monitor our health and how we are doing as a person

health and how we are doing as a person

health and how we are doing as a person you know biologically but even mentally

you know biologically but even mentally

you know biologically but even mentally and would would also recommend what

and would would also recommend what

and would would also recommend what needs to be done to sort of fix fix

needs to be done to sort of fix fix

needs to be done to sort of fix fix among things I think the big question

among things I think the big question

among things I think the big question now honestly is how well this

now honestly is how well this

now honestly is how well this transformation technology will become an

transformation technology will become an

transformation technology will become an everyday reality and how we we coexist

everyday reality and how we we coexist

everyday reality and how we we coexist as human means alongside technology and

as human means alongside technology and

as human means alongside technology and I think the future is unknown but I

I think the future is unknown but I

I think the future is unknown but I fundamentally believe and I really would

fundamentally believe and I really would

fundamentally believe and I really would encourage all of you to sort of be aware

encourage all of you to sort of be aware

encourage all of you to sort of be aware and consider the reality that is going

and consider the reality that is going

and consider the reality that is going to meet us in the future I was also

to meet us in the future I was also

to meet us in the future I was also reading another report by my friend was

reading another report by my friend was

reading another report by my friend was form and then either two economists who

form and then either two economists who

form and then either two economists who who actually shared a future employment

who actually shared a future employment

who actually shared a future employment report which basically talks about what

report which basically talks about what

report which basically talks about what are some of those jobs that could be

are some of those jobs that could be

are some of those jobs that could be taken by by robots or technology and

taken by by robots or technology and

taken by by robots or technology and what are some of those jobs that will be

what are some of those jobs that will be

what are some of those jobs that will be left with us and incidentally the the

left with us and incidentally the the

left with us and incidentally the the findings were remarkable all the jobs

findings were remarkable all the jobs

findings were remarkable all the jobs and actually 90% of the jobs that we do

and actually 90% of the jobs that we do

and actually 90% of the jobs that we do today as humans will become obsolete in

today as humans will become obsolete in

today as humans will become obsolete in the next 15 to 20 years and I think that

the next 15 to 20 years and I think that

the next 15 to 20 years and I think that also also sort of implies to the way

also also sort of implies to the way

also also sort of implies to the way solve our education systems will sort of

solve our education systems will sort of

solve our education systems will sort of you know evolve over the next period of

you know evolve over the next period of

you know evolve over the next period of time so actually if you read a lot about

time so actually if you read a lot about

time so actually if you read a lot about education and how the new education

education and how the new education

education and how the new education system is evolving you will see that the

system is evolving you will see that the

system is evolving you will see that the whole old jargon of pushing people to

whole old jargon of pushing people to

whole old jargon of pushing people to step which is science technology

step which is science technology

step which is science technology engineering and mathematics is sort of

engineering and mathematics is sort of

engineering and mathematics is sort of now moving away because fundamentally

now moving away because fundamentally

now moving away because fundamentally speaking a lot of these jobs which are

speaking a lot of these jobs which are

speaking a lot of these jobs which are in the

in the

in the industry will be taken over by

industry will be taken over by

industry will be taken over by technology and robots what we will be

technology and robots what we will be

technology and robots what we will be left with things which which we had born

left with things which which we had born

left with things which which we had born born with as humans things which are

born with as humans things which are

born with as humans things which are more on the right side of the brain and

more on the right side of the brain and

more on the right side of the brain and I hope you understand what is the left

I hope you understand what is the left

I hope you understand what is the left side the difference between the left

side the difference between the left

side the difference between the left side and the right side the left side is

side and the right side the left side is

side and the right side the left side is and the critical things of rational

and the critical things of rational

and the critical things of rational thinking and the right side is all about

thinking and the right side is all about

thinking and the right side is all about emotions

so moving on you know and now I’ll tell

so moving on you know and now I’ll tell you a little bit about my story you know

you a little bit about my story you know

you a little bit about my story you know my neighbors are when I was a when I was

my neighbors are when I was a when I was

my neighbors are when I was a when I was much younger I don’t call myself young

much younger I don’t call myself young

much younger I don’t call myself young anymore I’m 38 right now but when I was

anymore I’m 38 right now but when I was

anymore I’m 38 right now but when I was a lot younger I started my career way

a lot younger I started my career way

a lot younger I started my career way back when I was 19 years old I started

back when I was 19 years old I started

back when I was 19 years old I started working with a company called make my

working with a company called make my

working with a company called make my trip calm and make my trip happen to be

trip calm and make my trip happen to be

trip calm and make my trip happen to be just an accidental discovery you know my

just an accidental discovery you know my

just an accidental discovery you know my likely here my fellow speaker was asking

likely here my fellow speaker was asking

likely here my fellow speaker was asking how did it happen

how did it happen

how did it happen and I told him that it happened while I

and I told him that it happened while I

and I told him that it happened while I was playing snooker and someone came and

was playing snooker and someone came and

was playing snooker and someone came and said look theorem then I was also a

said look theorem then I was also a

said look theorem then I was also a musician by the way so in my previous

musician by the way so in my previous

musician by the way so in my previous life I used to play the guitar I used to

life I used to play the guitar I used to

life I used to play the guitar I used to write when I’m not sure if all of you

write when I’m not sure if all of you

write when I’m not sure if all of you have seen you know the movie which is

this third guy Javadoc that no not to

this third guy Javadoc that no not to chart there the one fir on the pulley in

chart there the one fir on the pulley in

chart there the one fir on the pulley in which is a rock on solo Cohen actually

which is a rock on solo Cohen actually

which is a rock on solo Cohen actually came much later but I promise you that

came much later but I promise you that

came much later but I promise you that that story is rarely rarely an

that story is rarely rarely an

that story is rarely rarely an inspiration and that that is the story

inspiration and that that is the story

inspiration and that that is the story of my life so I have paid at weddings I

of my life so I have paid at weddings I

of my life so I have paid at weddings I have paid that you know Durga Puja and

have paid that you know Durga Puja and

have paid that you know Durga Puja and Dolls

Dolls

Dolls and that was only I did that because I

and that was only I did that because I

and that was only I did that because I wanted to make extra money and that’s

wanted to make extra money and that’s

wanted to make extra money and that’s how my career started so much might have

how my career started so much might have

how my career started so much might have happened accidentally and as a as a

happened accidentally and as a as a

happened accidentally and as a as a child I was always exposed by my parents

child I was always exposed by my parents

child I was always exposed by my parents to always look at very inspiring people

to always look at very inspiring people

to always look at very inspiring people I was always always exposed to some of

I was always always exposed to some of

I was always always exposed to some of those people and those stories by virtue

those people and those stories by virtue

those people and those stories by virtue of me you know being exposed by way of

of me you know being exposed by way of

of me you know being exposed by way of you know them telling me and I always

you know them telling me and I always

you know them telling me and I always always I always thought in my head that

always I always thought in my head that

always I always thought in my head that what is that one thing that has made

what is that one thing that has made

what is that one thing that has made these people successful so until i i

these people successful so until i i

these people successful so until i i became 2324 you know it became a little

became 2324 you know it became a little

became 2324 you know it became a little more matured I have always almost

more matured I have always almost

more matured I have always almost thought that the barometer to measure

thought that the barometer to measure

thought that the barometer to measure the success of these people was directly

the success of these people was directly

the success of these people was directly proportional

proportional

proportional the amount of money that they have made

the amount of money that they have made

the amount of money that they have made and that was my barometer so why it was

and that was my barometer so why it was

and that was my barometer so why it was a person rich it might be was not is

a person rich it might be was not is

a person rich it might be was not is then and that was the parameter that I

then and that was the parameter that I

then and that was the parameter that I had and then I effect that is the old

had and then I effect that is the old

had and then I effect that is the old law in inheritance really something that

law in inheritance really something that

law in inheritance really something that you should we should be very proud of

you should we should be very proud of

you should we should be very proud of why should someone buy it by virtue and

why should someone buy it by virtue and

why should someone buy it by virtue and by law of inheritance inherit a lot of

by law of inheritance inherit a lot of

by law of inheritance inherit a lot of wealth and then they eventually become

wealth and then they eventually become

wealth and then they eventually become successful just because they have lots

successful just because they have lots

successful just because they have lots of money and the people the higher

of money and the people the higher

of money and the people the higher hearts our senior professor sitting here

hearts our senior professor sitting here

hearts our senior professor sitting here who who actually slow the Lord they work

who who actually slow the Lord they work

who who actually slow the Lord they work very hard and they’ve spent their entire

very hard and they’ve spent their entire

very hard and they’ve spent their entire 8-iron you know you in sort of giving

8-iron you know you in sort of giving

8-iron you know you in sort of giving and shaping a brighter future for kids

and shaping a brighter future for kids

and shaping a brighter future for kids like yourselves and I and I all may

like yourselves and I and I all may

like yourselves and I and I all may almost always felt that you know the

almost always felt that you know the

almost always felt that you know the people who need to be rewarded most

people who need to be rewarded most

people who need to be rewarded most should be the people who who are doing

should be the people who who are doing

should be the people who who are doing it and not who are doing the larger

it and not who are doing the larger

it and not who are doing the larger things for the society of course this is

things for the society of course this is

things for the society of course this is the very light side very ready to make

the very light side very ready to make

the very light side very ready to make sort of an approach and I know that we

sort of an approach and I know that we

sort of an approach and I know that we live in a capitalist world and not

live in a capitalist world and not

live in a capitalist world and not everything that I would say would would

everything that I would say would would

everything that I would say would would be true over to be possible but that’s

be true over to be possible but that’s

be true over to be possible but that’s what I fundamentally believe so while

what I fundamentally believe so while

what I fundamentally believe so while this you know this whole thing was

this you know this whole thing was

this you know this whole thing was happening in my head and I was confused

happening in my head and I was confused

happening in my head and I was confused and I was thinking you know why is this

and I was thinking you know why is this

and I was thinking you know why is this guy doing so well you would now need her

guy doing so well you would now need her

guy doing so well you would now need her and I realize that it has nothing that

and I realize that it has nothing that

and I realize that it has nothing that God and then and then over a period of

God and then and then over a period of

God and then and then over a period of time when I move from make my trip to

time when I move from make my trip to

time when I move from make my trip to Airbnb and our magic director I set the

Airbnb and our magic director I set the

Airbnb and our magic director I set the business up I I started to derive

business up I I started to derive

business up I I started to derive patterns I was thinking in my head what

patterns I was thinking in my head what

patterns I was thinking in my head what are some of those patterns that I can

are some of those patterns that I can

are some of those patterns that I can pick which define success for these

pick which define success for these

pick which define success for these people and you know what what what was

people and you know what what what was

people and you know what what what was one common thing that came across one

one common thing that came across one

one common thing that came across one common thing one common theme that came

common thing one common theme that came

common thing one common theme that came across was the conviction the other

across was the conviction the other

across was the conviction the other common thing that came across was their

common thing that came across was their

common thing that came across was their ability to trust themselves and the team

ability to trust themselves and the team

ability to trust themselves and the team that they were working with their

that they were working with their

that they were working with their ability to not only trust the team and

ability to not only trust the team and

ability to not only trust the team and the people that that they work with

the people that that they work with

the people that that they work with their ability to also trust the product

their ability to also trust the product

their ability to also trust the product that they built their ability to trust

that they built their ability to trust

that they built their ability to trust the consumers that they were dealing

the consumers that they were dealing

the consumers that they were dealing with and I and I then figured out that I

with and I and I then figured out that I

with and I and I then figured out that I think the single most important thing

think the single most important thing

think the single most important thing humans need to do is to work on up on

humans need to do is to work on up on

humans need to do is to work on up on something which is called as a

something which is called as a

something which is called as a reputation capital now this is these are

reputation capital now this is these are

reputation capital now this is these are this reputation capital is a phenomena

this reputation capital is a phenomena

this reputation capital is a phenomena that is being talked upon since the last

that is being talked upon since the last

that is being talked upon since the last seven to eight years and I’d encourage

seven to eight years and I’d encourage

seven to eight years and I’d encourage all of you to sort of you know think

all of you to sort of you know think

all of you to sort of you know think about this but before we dive deeper

about this but before we dive deeper

about this but before we dive deeper into reputation capital I I I’d

into reputation capital I I I’d

into reputation capital I I I’d encourage you to look at solve these

encourage you to look at solve these

encourage you to look at solve these brand names I’m sure a lot of you can

brand names I’m sure a lot of you can

brand names I’m sure a lot of you can relate to this rate so let me now take

relate to this rate so let me now take

relate to this rate so let me now take you to this new world this new world of

you to this new world this new world of

you to this new world this new world of the sharing economy why do you think you

the sharing economy why do you think you

the sharing economy why do you think you know if I always think if you combine

know if I always think if you combine

know if I always think if you combine the valuation of all these companies we

the valuation of all these companies we

the valuation of all these companies we are looking at you know what a billion

are looking at you know what a billion

are looking at you know what a billion dollars of market cap combined net worth

dollars of market cap combined net worth

dollars of market cap combined net worth of all these companies and these are

of all these companies and these are

of all these companies and these are essentially companies that are driven by

essentially companies that are driven by

essentially companies that are driven by people these are essentially companies

people these are essentially companies

people these are essentially companies that are built on a single currency

that are built on a single currency

that are built on a single currency which is called trust and trust my

which is called trust and trust my

which is called trust and trust my friends is something that only humans

friends is something that only humans

friends is something that only humans can have I don’t expect

can have I don’t expect

can have I don’t expect robots to have the capability because

robots to have the capability because

robots to have the capability because you know they don’t have the right side

you know they don’t have the right side

you know they don’t have the right side of the page and and trust my friends is

of the page and and trust my friends is

of the page and and trust my friends is the most important single most currency

the most important single most currency

the most important single most currency that you would you should start building

that you would you should start building

that you would you should start building upon from now you not only that in my

upon from now you not only that in my

upon from now you not only that in my opinion trust and reputation capital is

opinion trust and reputation capital is

opinion trust and reputation capital is the only thing that will stay along with

the only thing that will stay along with

the only thing that will stay along with you for the longest period of time

you for the longest period of time

you for the longest period of time you may live today you may not live

you may live today you may not live

you may live today you may not live tomorrow but the only thing that you

tomorrow but the only thing that you

tomorrow but the only thing that you will be known for is the reputation and

will be known for is the reputation and

will be known for is the reputation and the trust that you’ve built not only for

the trust that you’ve built not only for

the trust that you’ve built not only for yourselves for your friends your

yourselves for your friends your

yourselves for your friends your families and the network today we are

families and the network today we are

families and the network today we are living in the world of sharing economy

living in the world of sharing economy

living in the world of sharing economy someone mentioned Bitcoin there is a

someone mentioned Bitcoin there is a

someone mentioned Bitcoin there is a rhythm so the a lot is happening but

rhythm so the a lot is happening but

rhythm so the a lot is happening but what is interesting is that all these

what is interesting is that all these

what is interesting is that all these companies are are pivoted on a single

companies are are pivoted on a single

companies are are pivoted on a single currency of trust the other thing that

currency of trust the other thing that

currency of trust the other thing that I’d ask you is that I don’t know if you

I’d ask you is that I don’t know if you

I’d ask you is that I don’t know if you if some of these screens look familiar

if some of these screens look familiar

if some of these screens look familiar do but on the left on the top is that is

do but on the left on the top is that is

do but on the left on the top is that is a guy called Jasper he’s a he’s an

a guy called Jasper he’s a he’s an

a guy called Jasper he’s a he’s an Airbnb host on the right is a screen

Airbnb host on the right is a screen

Airbnb host on the right is a screen shot of her Ryder actually a driver

shot of her Ryder actually a driver

shot of her Ryder actually a driver called Elizabeth who’s a driver on air

called Elizabeth who’s a driver on air

called Elizabeth who’s a driver on air being on on uber on bottom left is a guy

being on on uber on bottom left is a guy

being on on uber on bottom left is a guy called I think is Olin who is who is a

called I think is Olin who is who is a

called I think is Olin who is who is a task rabbit I don’t know if you notice

task rabbit I don’t know if you notice

task rabbit I don’t know if you notice rabbit but ass rabbit is essentially a

rabbit but ass rabbit is essentially a

rabbit but ass rabbit is essentially a company which which outsources

company which which outsources

company which which outsources you know normal jobs to people to do now

you know normal jobs to people to do now

you know normal jobs to people to do now what is happening in this whole sharing

what is happening in this whole sharing

what is happening in this whole sharing economy is that by virtue of you

economy is that by virtue of you

economy is that by virtue of you consuming and being part of this trust

consuming and being part of this trust

consuming and being part of this trust network you’re almost compelled you’re

network you’re almost compelled you’re

network you’re almost compelled you’re almost compelled to review and rate

almost compelled to review and rate

almost compelled to review and rate someone else who is a stranger what is

someone else who is a stranger what is

someone else who is a stranger what is also happening is that all of us sitting

also happening is that all of us sitting

also happening is that all of us sitting in this room end up believing in

in this room end up believing in

in this room end up believing in strangers who have been reviewed by

strangers who have been reviewed by

strangers who have been reviewed by strangers like ourselves and we tend to

strangers like ourselves and we tend to

strangers like ourselves and we tend to trust them only because there have been

trust them only because there have been

trust them only because there have been positive reviews written by someone who

positive reviews written by someone who

positive reviews written by someone who was who was someone who was like a

was who was someone who was like a

was who was someone who was like a stranger right and I fundamentally think

stranger right and I fundamentally think

stranger right and I fundamentally think that this trust currency is going to be

that this trust currency is going to be

that this trust currency is going to be here it’s going to it’s going to be be

here it’s going to it’s going to be be

here it’s going to it’s going to be be here for the long run and like I said

here for the long run and like I said

here for the long run and like I said earlier the sooner we start building on

earlier the sooner we start building on

earlier the sooner we start building on our reputation capital the better it

our reputation capital the better it

our reputation capital the better it will be for us you know this concept was

will be for us you know this concept was

will be for us you know this concept was curated by a woman called Rachel Botsman

curated by a woman called Rachel Botsman

curated by a woman called Rachel Botsman she’s a she’s she’s a visionary she’s

she’s a she’s she’s a visionary she’s

she’s a she’s she’s a visionary she’s she’s been talking about sharing

she’s been talking about sharing

she’s been talking about sharing economies in the last seven to eight

economies in the last seven to eight

economies in the last seven to eight years and she says that there are three

years and she says that there are three

years and she says that there are three distinctive pillars of the of the trust

distinctive pillars of the of the trust

distinctive pillars of the of the trust economy or the sharing economy first as

economy or the sharing economy first as

economy or the sharing economy first as an audience as a group as a person you

an audience as a group as a person you

an audience as a group as a person you have to trust the concept so if you’re

have to trust the concept so if you’re

have to trust the concept so if you’re someone who believes in the concept of

someone who believes in the concept of

someone who believes in the concept of sharing a lot of people are also saying

sharing a lot of people are also saying

sharing a lot of people are also saying that ownership will become a thing of

that ownership will become a thing of

that ownership will become a thing of the past the youth of today and tomorrow

the past the youth of today and tomorrow

the past the youth of today and tomorrow is someone who is more open about the

is someone who is more open about the

is someone who is more open about the idea of sharing so first you have to

idea of sharing so first you have to

idea of sharing so first you have to understand and appreciate the concept of

understand and appreciate the concept of

understand and appreciate the concept of sharing once you understand that you

sharing once you understand that you

sharing once you understand that you will move to the aspect of trusting the

will move to the aspect of trusting the

will move to the aspect of trusting the business and the last is trusting the

business and the last is trusting the

business and the last is trusting the peers within it within the network think

peers within it within the network think

peers within it within the network think of it this way I’m sure a lot of you are

of it this way I’m sure a lot of you are

of it this way I’m sure a lot of you are consumers of Amazon now when you go to

consumers of Amazon now when you go to

consumers of Amazon now when you go to Amazon what happens you have to buy a

Amazon what happens you have to buy a

Amazon what happens you have to buy a certain product and you see a list of a

certain product and you see a list of a

certain product and you see a list of a few sellers a certain sellers have a

few sellers a certain sellers have a

few sellers a certain sellers have a certain higher rating over someone else

certain higher rating over someone else

certain higher rating over someone else and price being the same what do you end

and price being the same what do you end

and price being the same what do you end up doing you end up actually choosing

up doing you end up actually choosing

up doing you end up actually choosing the product from the seller who has had

the product from the seller who has had

the product from the seller who has had a higher rating from someone else

a higher rating from someone else

a higher rating from someone else similarly on Zomato you order food and

similarly on Zomato you order food and

similarly on Zomato you order food and these are these are this is food coming

these are these are this is food coming

these are these are this is food coming to you to your doorstep from restaurants

to you to your doorstep from restaurants

to you to your doorstep from restaurants that you’re not you’ve never or sort of

that you’re not you’ve never or sort of

that you’re not you’ve never or sort of but you end up trusting in the ability

but you end up trusting in the ability

but you end up trusting in the ability of someone else who has who has rated

of someone else who has who has rated

of someone else who has who has rated them and that’s the whole thing about

them and that’s the whole thing about

them and that’s the whole thing about about the sharing economy I also believe

about the sharing economy I also believe

about the sharing economy I also believe that some of these these archaic systems

that some of these these archaic systems

that some of these these archaic systems of verification these archaic systems of

of verification these archaic systems of

of verification these archaic systems of credit scores will become a thing of the

credit scores will become a thing of the

credit scores will become a thing of the past I fundamentally believe that in the

past I fundamentally believe that in the

past I fundamentally believe that in the next five to seven years we will see a

next five to seven years we will see a

next five to seven years we will see a technology emerging which will sort of

technology emerging which will sort of

technology emerging which will sort of act as an aggregator of all social

act as an aggregator of all social

act as an aggregator of all social footprint digital footprint than all the

footprint digital footprint than all the

footprint digital footprint than all the Trust’s that we are building across

Trust’s that we are building across

Trust’s that we are building across networks and this would probably look

networks and this would probably look

networks and this would probably look something like this

something like this

something like this and imagine if you and me tomorrow had a

and imagine if you and me tomorrow had a

and imagine if you and me tomorrow had a chip in our body and or maybe we will be

chip in our body and or maybe we will be

chip in our body and or maybe we will be wearing Google glasses even before I

wearing Google glasses even before I

wearing Google glasses even before I would talk to you and even before I

would talk to you and even before I

would talk to you and even before I would transact with you I would have an

would transact with you I would have an

would transact with you I would have an entire social graph of what you have

entire social graph of what you have

entire social graph of what you have done as a person what you have done as

done as a person what you have done as

done as a person what you have done as as a business person am I am I able to

as a business person am I am I able to

as a business person am I am I able to trust your am I not able to trust you

trust your am I not able to trust you

trust your am I not able to trust you and I think that is something that is

and I think that is something that is

and I think that is something that is going to happen in our in our lifetime

going to happen in our in our lifetime

going to happen in our in our lifetime until we live this is like a said trust

until we live this is like a said trust

until we live this is like a said trust as a currency is already been talked

as a currency is already been talked

as a currency is already been talked upon it’s been covered and and and I

upon it’s been covered and and and I

upon it’s been covered and and and I would and I would really really insist

would and I would really really insist

would and I would really really insist that all of us sort of get up to to

that all of us sort of get up to to

that all of us sort of get up to to building the trust trust and reputation

building the trust trust and reputation

building the trust trust and reputation capital is like a bread crumb and it

capital is like a bread crumb and it

capital is like a bread crumb and it follows you it is yours it belongs to

follows you it is yours it belongs to

follows you it is yours it belongs to you and it will stay with you for the

you and it will stay with you for the

you and it will stay with you for the longest period of time just to conclude

longest period of time just to conclude

longest period of time just to conclude and I’m going to refer to this this

and I’m going to refer to this this

and I’m going to refer to this this something that I’ve written moving

something that I’ve written moving

something that I’ve written moving forward I think we need to always remind

forward I think we need to always remind

forward I think we need to always remind ourselves that technology will continue

ourselves that technology will continue

ourselves that technology will continue to challenge us and outperform us for

to challenge us and outperform us for

to challenge us and outperform us for the betterment of the human race and the

the betterment of the human race and the

the betterment of the human race and the future will be about collaborating and

future will be about collaborating and

future will be about collaborating and doing things what humans do best I’m a

doing things what humans do best I’m a

doing things what humans do best I’m a firm believer that the future it will be

firm believer that the future it will be

firm believer that the future it will be the survival of the humanists thank you

the survival of the humanists thank you

the survival of the humanists thank you ladies in general

ladies in general

ladies in general you

”

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