[Applause]
so both is with this routine vendors to
you in Madrid Spain so today we want to
present you our you know a token start
it's a stomach for financial payments in
any operation that is using tokenize
money some of the possible use cases to
be were thinking about originally
interval already connected our baggage
string supply chain cash pouring market
liquidity smart labor contracts but
there are many more possible use cases
for a standard
so maybe the the functionalities we were
envisioning to include them into this
are now where black holes during payout
the panties that we are going to be you
need an experienced match
so our first building those different
clients so if compliance what we want to
do is any compliance check like after
money laundering or capacity to do it
completely unchanged so can everything
be done in one transaction another thing
that we were thinking about was among
the token support so it's not just one
token that is supported per contract
that is really similar and then one
possibly use case for this would be a
recommend in the bar to put up their own
compliance mark contract if their
specific compliance words and are we
talking that's regulated and forth of
interest
produce this contract to check these
roots and not have the collector of a
connotation or the time the second
building block is our Keystone which may
be warrantied help yet one get allowance
so you have help balance with bellow
that can only be transferred on a given
trader history will be only done by
another and no today's the one who is
going to execute it the way they're to
release it or either release it and you
can configure holes for the given
expression so the whole we use like a
thing that they put on top above so one
thing that they put on top is secure
so the clearing can just be imagined as
a number of transfer but it's stunning
two steps and what's one so the second
step is here or near because there will
be compliance checks that need to be
done off chain so depending on the of
chain compliance checks the curing agent
can be due to decide to either execute
to transfer a lot the important thing
here is because it's using the hold
during this compliance checks the token
are really helped so the curing agent
makes these decisions we assured the
tokens are really there in the account
of the
but as holder and a really durable
transcript and the last building block
is mainly enabling decentralized start
request into funding and male progressed
so mainly nowadays funding at VI request
must be done centralized in this case we
unable to do this progressive
decentralized word we have the pain of
instruction dissipated instruction the
instructs the operator of the money
talking to either family but way out and
the payment details are not disclosure
the inside the chamber the interchange
of chain and then the operator
reads the and request that they are
oppressed and then tries to fulfill it
so if you put all these four things
together becomes or email tokens mother
which is published by us under P 2020 so
the important thing here is also the
expense the years of 20 so this means
are the functions that you use the years
of 20 are also supported them and our
make the warning here is really the
financial institutions have a way to
embrace decentralization of the
blockchain specifically so somehow needs
user uses adoption so this is why we
have been working with different work
groups so nowadays we are working with a
tougher economic initiative with this
part of the a mainly reshape
fine tuning or stander in the other way
we are part of the ITU which has
included our research into the last
procedure thank you and mr. different
workers and their factory England who
independent validation so the standard
is already finished it can be used by
anybody but we are also thinking about
some other functionalities that we could
have in the future
one thing would be overdrafts because
you stint of the tokens and other thing
will be the s-cross which would be a
more complex form but also connecting
existing standards one of our close
localizer our researches we have built
the system area between two parties
morality the company also basin and
Spain focus on liquidity markets
I have others which we are based on and
I kind of product and the first venture
reliable which is a bit to be very much
platform based on organized euros with
the ammonia essence and when you can
take 10 award of my stomach and
[Applause]