the push in recent economy over the decades over the last particular decades
decades over the last particular decades
decades over the last particular decades has recently increased the wealth of a
has recently increased the wealth of a
has recently increased the wealth of a large number of individuals across the
large number of individuals across the
large number of individuals across the globe despite the large economic output
globe despite the large economic output
globe despite the large economic output the world has given we still see that
the world has given we still see that
the world has given we still see that our current social political and
our current social political and
our current social political and economic inequalities are rather
economic inequalities are rather
economic inequalities are rather increasing but not decreasing the global
increasing but not decreasing the global
increasing but not decreasing the global financial crisis of 2007-2008 revealed
financial crisis of 2007-2008 revealed
financial crisis of 2007-2008 revealed significant weaknesses that we have in
significant weaknesses that we have in
significant weaknesses that we have in our financial systems the
our financial systems the
our financial systems the vulnerabilities that we are still
vulnerabilities that we are still
vulnerabilities that we are still getting impacted with our financial
getting impacted with our financial
getting impacted with our financial crisis or the weaknesses in our
crisis or the weaknesses in our
crisis or the weaknesses in our financial system is this still impacting
financial system is this still impacting
financial system is this still impacting our global economy and our
our global economy and our
our global economy and our interconnected world over these years
interconnected world over these years
interconnected world over these years that one decade has almost been passed
that one decade has almost been passed
that one decade has almost been passed from the last financial crisis and the
from the last financial crisis and the
from the last financial crisis and the world is still struggling with
world is still struggling with
world is still struggling with overcoming to the growth rate of economy
overcoming to the growth rate of economy
overcoming to the growth rate of economy that we had before the monetary policies
that we had before the monetary policies
that we had before the monetary policies in the major economies are still seeing
in the major economies are still seeing
in the major economies are still seeing much unconventional which is much biased
much unconventional which is much biased
much unconventional which is much biased towards the riches and again increasing
towards the riches and again increasing
towards the riches and again increasing towards the inequalities in the world
towards the inequalities in the world
towards the inequalities in the world now is the time when we require a
now is the time when we require a
now is the time when we require a resilient system which can overcome to
resilient system which can overcome to
resilient system which can overcome to all these transactions to overcome to
all these transactions to overcome to
all these transactions to overcome to all these systems which are leading to
all these systems which are leading to
all these systems which are leading to which are liable to be broken down so so
which are liable to be broken down so so
which are liable to be broken down so so basically what are the reasons and why
basically what are the reasons and why
basically what are the reasons and why our economic systems has been failing so
our economic systems has been failing so
our economic systems has been failing so if we see the trust was the most
if we see the trust was the most
if we see the trust was the most important factor the trust was the
important factor the trust was the
important factor the trust was the factor with which the world has started
factor with which the world has started
factor with which the world has started the civilization has always started
the civilization has always started
the civilization has always started so this is like a cuneiform tablet from
so this is like a cuneiform tablet from
so this is like a cuneiform tablet from 5,000 years ago this was the time when
5,000 years ago this was the time when
5,000 years ago this was the time when the civilization has been just starting
the civilization has been just starting
the civilization has been just starting up they will need to make trust on each
up they will need to make trust on each
up they will need to make trust on each other they’re rare informations needed
other they’re rare informations needed
other they’re rare informations needed to be passed across generation and this
to be passed across generation and this
to be passed across generation and this was the way they used to write their law
was the way they used to write their law
was the way they used to write their law to write their history and record
to write their history and record
to write their history and record anything which they want to have and
anything which they want to have and
anything which they want to have and pass to the system then the world grew
pass to the system then the world grew
pass to the system then the world grew up now we are in a more of a civilized
up now we are in a more of a civilized
up now we are in a more of a civilized way where the trade finances and other
way where the trade finances and other
way where the trade finances and other system started to grow up and then with
system started to grow up and then with
system started to grow up and then with the financial system been becoming more
the financial system been becoming more
the financial system been becoming more bigger we required accounting systems
bigger we required accounting systems
bigger we required accounting systems this was the first single entry
this was the first single entry
this was the first single entry bookkeeping financial system we saw in
bookkeeping financial system we saw in
bookkeeping financial system we saw in around 13th century which was targeting
around 13th century which was targeting
around 13th century which was targeting to how the entire transaction laser
to how the entire transaction laser
to how the entire transaction laser should be maintained the financial
should be maintained the financial
should be maintained the financial system from the 13th century to the 21st
system from the 13th century to the 21st
system from the 13th century to the 21st century has grown exponentially it’s
century has grown exponentially it’s
century has grown exponentially it’s it’s like I would say that easily the
it’s like I would say that easily the
it’s like I would say that easily the million times the economy has grown up
million times the economy has grown up
million times the economy has grown up around here we see in the double-entry
around here we see in the double-entry
around here we see in the double-entry bookkeeping so double-entry bookkeeping
bookkeeping so double-entry bookkeeping
bookkeeping so double-entry bookkeeping come up as a replacement of single entry
come up as a replacement of single entry
come up as a replacement of single entry bookkeeping when the banks and the
bookkeeping when the banks and the
bookkeeping when the banks and the financial institutions the
financial institutions the
financial institutions the intermediaries started setting up
intermediaries started setting up
intermediaries started setting up because now there are globalization in
because now there are globalization in
because now there are globalization in there are not just civilization they are
there are not just civilization they are
there are not just civilization they are now globalization so there are we
now globalization so there are we
now globalization so there are we require intermediaries across the world
require intermediaries across the world
require intermediaries across the world for you who can bet on behalf of you for
for you who can bet on behalf of you for
for you who can bet on behalf of you for traders for buyers for sellers and this
traders for buyers for sellers and this
traders for buyers for sellers and this was what a double entry bookkeeping
was what a double entry bookkeeping
was what a double entry bookkeeping system started in so most of the
system started in so most of the
system started in so most of the mathematicians here you know that what a
mathematicians here you know that what a
mathematicians here you know that what a double entry bookkeeping is that for any
double entry bookkeeping is that for any
double entry bookkeeping is that for any credit you must have a debit if you have
credit you must have a debit if you have
credit you must have a debit if you have bought something that means some money
bought something that means some money
bought something that means some money has went into building that thing if you
has went into building that thing if you
has went into building that thing if you have passed borrowed your friend
have passed borrowed your friend
have passed borrowed your friend thousand bucks
thousand bucks
thousand bucks that means someone has debited and
that means someone has debited and
that means someone has debited and someone has credited the account this
someone has credited the account this
someone has credited the account this was the double entry bookkeeping and
was the double entry bookkeeping and
was the double entry bookkeeping and this is the system which regulation is
this is the system which regulation is
this is the system which regulation is started to capture for our financials
started to capture for our financials
started to capture for our financials however and this is the system which we
however and this is the system which we
however and this is the system which we are still working on in the 21st century
are still working on in the 21st century
are still working on in the 21st century so so basically when the financial
so so basically when the financial
so so basically when the financial crisis happened a lot of things break
crisis happened a lot of things break
crisis happened a lot of things break down we still see the impact of it but
down we still see the impact of it but
down we still see the impact of it but who do we blame for it when the
who do we blame for it when the
who do we blame for it when the financial crisis happened this financial
financial crisis happened this financial
financial crisis happened this financial crisis has lead by the crisis of trust
crisis has lead by the crisis of trust
crisis has lead by the crisis of trust as well
as well
as well now this crisis of trust is not going to
now this crisis of trust is not going to
now this crisis of trust is not going to go away by its own regulations are now
go away by its own regulations are now
go away by its own regulations are now tighter more than ever before they are
tighter more than ever before they are
tighter more than ever before they are doing their best that they can leverage
doing their best that they can leverage
doing their best that they can leverage they can leverage the most advanced
they can leverage the most advanced
they can leverage the most advanced technology they can leverage the best
technology they can leverage the best
technology they can leverage the best available options so that they can make
available options so that they can make
available options so that they can make feel that their people economies are
feel that their people economies are
feel that their people economies are secure but still the government’s the
secure but still the government’s the
secure but still the government’s the regulations are not able to bring up or
regulations are not able to bring up or
regulations are not able to bring up or not able to take up with the progress
not able to take up with the progress
not able to take up with the progress because of the inbuilt system we have
because of the inbuilt system we have
because of the inbuilt system we have because of the inbuilt weaknesses we
because of the inbuilt weaknesses we
because of the inbuilt weaknesses we already have present in the system our
already have present in the system our
already have present in the system our present system in the double-entry
present system in the double-entry
present system in the double-entry bookkeeping it’s really old
bookkeeping it’s really old
bookkeeping it’s really old centralized whatever is centralized is
centralized whatever is centralized is
centralized whatever is centralized is liable to get hack liable to get
liable to get hack liable to get
liable to get hack liable to get compromised liable to get vulnerable so
compromised liable to get vulnerable so
compromised liable to get vulnerable so we actually needed to think of a way
we actually needed to think of a way
we actually needed to think of a way that how can pass the system and we can
that how can pass the system and we can
that how can pass the system and we can bring up with something which can again
bring up with something which can again
bring up with something which can again establish trust in our economy because
establish trust in our economy because
establish trust in our economy because we are now here it’s not the 500 years
we are now here it’s not the 500 years
we are now here it’s not the 500 years back when we are there so so this is
back when we are there so so this is
back when we are there so so this is Professor uz is re a mathematics
Professor uz is re a mathematics
Professor uz is re a mathematics professor who has kept a concept in
professor who has kept a concept in
professor who has kept a concept in 1980s for the triple entry bookkeeping
1980s for the triple entry bookkeeping
1980s for the triple entry bookkeeping what a triple entry bookkeeping is a
what a triple entry bookkeeping is a
what a triple entry bookkeeping is a more advanced version of a double entry
more advanced version of a double entry
more advanced version of a double entry bookkeeping where you just don’t
bookkeeping where you just don’t
bookkeeping where you just don’t maintain the debit and credit where only
maintain the debit and credit where only
maintain the debit and credit where only your do financial institutions your two
your do financial institutions your two
your do financial institutions your two financial intermediaries are keeping the
financial intermediaries are keeping the
financial intermediaries are keeping the track of it but actually what you are
track of it but actually what you are
track of it but actually what you are doing is creating a global distributed
doing is creating a global distributed
doing is creating a global distributed system
system
system where you are keeping the reports at
where you are keeping the reports at
where you are keeping the reports at multiple places so the two guys where
multiple places so the two guys where
multiple places so the two guys where you are lying upon cannot fail you this
you are lying upon cannot fail you this
you are lying upon cannot fail you this was the idea and with this simple
was the idea and with this simple
was the idea and with this simple concept
concept
concept the Bitcoin in 2009 appeared the
the Bitcoin in 2009 appeared the
the Bitcoin in 2009 appeared the underpinning the Bitcoin was a
underpinning the Bitcoin was a
underpinning the Bitcoin was a technology we called blockchain now
technology we called blockchain now
technology we called blockchain now blockchain is something tricky to
blockchain is something tricky to
blockchain is something tricky to understand I will make a try so take an
understand I will make a try so take an
understand I will make a try so take an example of a book a simple book a
example of a book a simple book a
example of a book a simple book a magical book you can understand for the
magical book you can understand for the
magical book you can understand for the reference this magical book is the what
reference this magical book is the what
reference this magical book is the what the magic about it is that you can make
the magic about it is that you can make
the magic about it is that you can make a copy of this book and keep with
a copy of this book and keep with
a copy of this book and keep with yourself anyone in the world can make a
yourself anyone in the world can make a
yourself anyone in the world can make a copy of this book and keep it for free
copy of this book and keep it for free
copy of this book and keep it for free now the most magical part anyone who
now the most magical part anyone who
now the most magical part anyone who writes any line of text in this book is
writes any line of text in this book is
writes any line of text in this book is going to be copied is going to appear
going to be copied is going to appear
going to be copied is going to appear automatically in every copy of this
automatically in every copy of this
automatically in every copy of this world so basically I have the copy I
world so basically I have the copy I
world so basically I have the copy I written a line of text this is going to
written a line of text this is going to
written a line of text this is going to be in the book automatically written to
be in the book automatically written to
be in the book automatically written to anyone who has this copy now assume this
anyone who has this copy now assume this
anyone who has this copy now assume this line of text can be a financial
line of text can be a financial
line of text can be a financial transaction this line of text can a
transaction this line of text can a
transaction this line of text can a financial transaction where it’s making
financial transaction where it’s making
financial transaction where it’s making this book as a database as a financial
this book as a database as a financial
this book as a database as a financial letter where you can write that I am
letter where you can write that I am
letter where you can write that I am debiting my account for five hundred
debiting my account for five hundred
debiting my account for five hundred bucks and crediting someone for that now
bucks and crediting someone for that now
bucks and crediting someone for that now this book is acting as a financial
this book is acting as a financial
this book is acting as a financial transaction laser is ever-growing
transaction laser is ever-growing
transaction laser is ever-growing recording all the transaction in the
recording all the transaction in the
recording all the transaction in the past which has happened or the
past which has happened or the
past which has happened or the transaction which are ongoing now this
transaction which are ongoing now this
transaction which are ongoing now this book also has the inherent capability
book also has the inherent capability
book also has the inherent capability that it automatically resets any line of
that it automatically resets any line of
that it automatically resets any line of text which is not authorized or which is
text which is not authorized or which is
text which is not authorized or which is wrong so basically if there is any
wrong so basically if there is any
wrong so basically if there is any insufficient fund if there is wrong
insufficient fund if there is wrong
insufficient fund if there is wrong authorization of the person who wants to
authorization of the person who wants to
authorization of the person who wants to make a write in the book the line will
make a write in the book the line will
make a write in the book the line will not appear in the system
not appear in the system
not appear in the system however if the line is written if the
however if the line is written if the
however if the line is written if the text of line is written in the book this
text of line is written in the book this
text of line is written in the book this is going to be permanently enabled and
is going to be permanently enabled and
is going to be permanently enabled and will be permanently present in the book
will be permanently present in the book
will be permanently present in the book this is what you can say the blockchain
this is what you can say the blockchain
this is what you can say the blockchain is in a nutshell
is in a nutshell
is in a nutshell so blockchain is a global distributed
so blockchain is a global distributed
so blockchain is a global distributed laser it’s a book it’s a spread set
laser it’s a book it’s a spread set
laser it’s a book it’s a spread set which is with millions thousands of
which is with millions thousands of
which is with millions thousands of people present everyone is turning out
people present everyone is turning out
people present everyone is turning out to their own copy
to their own copy
to their own copy what makes this database so beautiful
what makes this database so beautiful
what makes this database so beautiful this database cannot be destroyed let’s
this database cannot be destroyed let’s
this database cannot be destroyed let’s say that even even the original author
say that even even the original author
say that even even the original author of the book has destroyed his version of
of the book has destroyed his version of
of the book has destroyed his version of the book this book cannot be destroyed
the book this book cannot be destroyed
the book this book cannot be destroyed until you destroy all the books which
until you destroy all the books which
until you destroy all the books which are present all the copies of that book
are present all the copies of that book
are present all the copies of that book and this is what makes you make
and this is what makes you make
and this is what makes you make blockchain it’s completely secure than
blockchain it’s completely secure than
blockchain it’s completely secure than any other versions we have now with the
any other versions we have now with the
any other versions we have now with the blockchain the current application the
blockchain the current application the
blockchain the current application the first application in 2009 we saw was the
first application in 2009 we saw was the
first application in 2009 we saw was the Bitcoin just after the financial crisis
Bitcoin just after the financial crisis
Bitcoin just after the financial crisis now if you don’t trust this if you don’t
now if you don’t trust this if you don’t
now if you don’t trust this if you don’t trust this blockchain can do this magic
trust this blockchain can do this magic
trust this blockchain can do this magic just know that right now over 700
just know that right now over 700
just know that right now over 700 trillion dollars worth of value is
trillion dollars worth of value is
trillion dollars worth of value is actually being transferred over
actually being transferred over
actually being transferred over blockchain through all the come all the
blockchain through all the come all the
blockchain through all the come all the cryptocurrencies combined so basically
cryptocurrencies combined so basically
cryptocurrencies combined so basically to crack this magic anyone who doesn’t
to crack this magic anyone who doesn’t
to crack this magic anyone who doesn’t believe in magic can crack this magic
believe in magic can crack this magic
believe in magic can crack this magic and take away 700 trillion dollars home
and take away 700 trillion dollars home
and take away 700 trillion dollars home this is the bounty we have for the
this is the bounty we have for the
this is the bounty we have for the blockchain now of course this is not
blockchain now of course this is not
blockchain now of course this is not magic this is all cryptography this is
magic this is all cryptography this is
magic this is all cryptography this is all mathematics on us on an open
all mathematics on us on an open
all mathematics on us on an open transparent algorithms which we have
transparent algorithms which we have
transparent algorithms which we have present which anyone can add it to
present which anyone can add it to
present which anyone can add it to anyone can refer to and see that why
anyone can refer to and see that why
anyone can refer to and see that why blockchain is making everything so
blockchain is making everything so
blockchain is making everything so secure and we have such a reckless
secure and we have such a reckless
secure and we have such a reckless system as of now now the blockchain
system as of now now the blockchain
system as of now now the blockchain doesn’t necessarily have to only
doesn’t necessarily have to only
doesn’t necessarily have to only be limited to the bitcoins or the
be limited to the bitcoins or the
be limited to the bitcoins or the financial services the blockchain has
financial services the blockchain has
financial services the blockchain has provided as a Pavo that how we can
provided as a Pavo that how we can
provided as a Pavo that how we can reduce the inequalities as well in the
reduce the inequalities as well in the
reduce the inequalities as well in the system as I said the recent economy you
system as I said the recent economy you
system as I said the recent economy you have seen all the world they are more
have seen all the world they are more
have seen all the world they are more targeted towards the riches nothing is
targeted towards the riches nothing is
targeted towards the riches nothing is being done for the more of the poor
being done for the more of the poor
being done for the more of the poor economy people so this is what we have
economy people so this is what we have
economy people so this is what we have built this company two years back and
built this company two years back and
built this company two years back and what we are targeting to is that how
what we are targeting to is that how
what we are targeting to is that how people how we can build or bring up the
people how we can build or bring up the
people how we can build or bring up the economy in such a way that this
economy in such a way that this
economy in such a way that this inequality gap can be decreased the
inequality gap can be decreased the
inequality gap can be decreased the first thing which we did was regarding
first thing which we did was regarding
first thing which we did was regarding the insurance so we all have insurance
the insurance so we all have insurance
the insurance so we all have insurance when in fact we all get bothered by
when in fact we all get bothered by
when in fact we all get bothered by these insurance agents to buy health
these insurance agents to buy health
these insurance agents to buy health insurance to buy life insurance and to
insurance to buy life insurance and to
insurance to buy life insurance and to buy car insurances maybe you know if my
buy car insurances maybe you know if my
buy car insurances maybe you know if my car gets stolen I can still live with it
car gets stolen I can still live with it
car gets stolen I can still live with it now think of an example think of about a
now think of an example think of about a
now think of an example think of about a daily wage laborers these are the people
daily wage laborers these are the people
daily wage laborers these are the people who live on the basis of their daily
who live on the basis of their daily
who live on the basis of their daily earnings the daily works which they do
earnings the daily works which they do
earnings the daily works which they do on the basis of the daily works which
on the basis of the daily works which
on the basis of the daily works which they do they eat and they have their two
they do they eat and they have their two
they do they eat and they have their two times mean if by any reason this daily
times mean if by any reason this daily
times mean if by any reason this daily ways is compromised by due to their
ways is compromised by due to their
ways is compromised by due to their health issue due to accident due to
health issue due to accident due to
health issue due to accident due to their unemployment it’s a catastrophic
their unemployment it’s a catastrophic
their unemployment it’s a catastrophic disaster for them and actually there is
disaster for them and actually there is
disaster for them and actually there is no product in the market for these
no product in the market for these
no product in the market for these people there is no product at all so
people there is no product at all so
people there is no product at all so when we go deeper and see why why says
when we go deeper and see why why says
when we go deeper and see why why says that I can buy a health insurance for
that I can buy a health insurance for
that I can buy a health insurance for myself I can buy a car insurance I can
myself I can buy a car insurance I can
myself I can buy a car insurance I can what whatever insurance I want today but
what whatever insurance I want today but
what whatever insurance I want today but these guys can’t the reasons is that the
these guys can’t the reasons is that the
these guys can’t the reasons is that the these multinational corporations the
these multinational corporations the
these multinational corporations the multinational companies believe is that
multinational companies believe is that
multinational companies believe is that with their current process with their
with their current process with their
with their current process with their current operational process because they
current operational process because they
current operational process because they are still relying upon a system where
are still relying upon a system where
are still relying upon a system where they do not trust
they do not trust
they do not trust for everything they need roof and for
for everything they need roof and for
for everything they need roof and for the same reason their operational cost
the same reason their operational cost
the same reason their operational cost of maintaining such product goes much
of maintaining such product goes much
of maintaining such product goes much higher goes much higher than the revenue
higher goes much higher than the revenue
higher goes much higher than the revenue they can generate through this product
they can generate through this product
they can generate through this product now with the blockchain with blockchain
now with the blockchain with blockchain
now with the blockchain with blockchain we created a community a trustless
we created a community a trustless
we created a community a trustless society of daily wage laborers and these
society of daily wage laborers and these
society of daily wage laborers and these trustless society can enroll they can
trustless society can enroll they can
trustless society can enroll they can pay their premium they can settle their
pay their premium they can settle their
pay their premium they can settle their claims everything in the society itself
claims everything in the society itself
claims everything in the society itself we don’t have an inspectors to claim we
we don’t have an inspectors to claim we
we don’t have an inspectors to claim we just needs the rights of words among the
just needs the rights of words among the
just needs the rights of words among the people among the community itself to
people among the community itself to
people among the community itself to make this entire process go a smooth so
make this entire process go a smooth so
make this entire process go a smooth so this is what blockchain provides its
this is what blockchain provides its
this is what blockchain provides its kinds of help you build a trust less
kinds of help you build a trust less
kinds of help you build a trust less system it kinds of helps build
system it kinds of helps build
system it kinds of helps build regulations on board it kinds of helps
regulations on board it kinds of helps
regulations on board it kinds of helps you to build an entire economy where you
you to build an entire economy where you
you to build an entire economy where you don’t need to have intermediaries who
don’t need to have intermediaries who
don’t need to have intermediaries who will think about their own profit here
will think about their own profit here
will think about their own profit here you can build economy which is better
you can build economy which is better
you can build economy which is better for the society which is better for the
for the society which is better for the
for the society which is better for the community so we of course the insurances
community so we of course the insurances
community so we of course the insurances and the financial institutions are much
and the financial institutions are much
and the financial institutions are much trickier of all today acquiring licenses
trickier of all today acquiring licenses
trickier of all today acquiring licenses to everything and this is what we don’t
to everything and this is what we don’t
to everything and this is what we don’t be kind of partnered with some of the
be kind of partnered with some of the
be kind of partnered with some of the biggest insurance companies in the world
biggest insurance companies in the world
biggest insurance companies in the world and we partnered with some of the
and we partnered with some of the
and we partnered with some of the biggest insurance companies in the world
biggest insurance companies in the world
biggest insurance companies in the world in the india and rolled out this program
in the india and rolled out this program
in the india and rolled out this program so that they can but the what you see is
so that they can but the what you see is
so that they can but the what you see is the lowest economy of the people you get
the lowest economy of the people you get
the lowest economy of the people you get in India can avail the benefits of the
in India can avail the benefits of the
in India can avail the benefits of the most advanced economy thank you so much
”
Be First to Comment