Hello everyone and welcome to the club. I can see Swift protocol is with us. I will accept the request to speak just a second. So I believe we got Costa just with us.
I can see the mic icon, but you are muted right now. Very good. I'm good.
testing audio good I cannot hear you how about now one second yes
Can you try to speak again? Yeah. Perfect. Yes, it was a my it was tinkering with my equipment here before so I had a feeling I missed something up. Awesome. Welcome back, man. Thank you. Thank you for having me.
How's life on your hands? Hectic, I'm sure. Hectic, yeah, yeah. Just you know productive work getting things in motion on the development side. Still trying to raise more money. We've had discussions with the VCs and growth funds. So now it's just awaiting you. Yeah. Wait for the people to make their move.
then we get back with the responses. I'm sure we'll get into that also. But at least you haven't been sued by the SEC every year. Gary Gensler managed just attacking everyone. He seems to be wanting to fight everyone around him.
He's a bit petty because you didn't get the advisor rule at Binance back in 2019. So he triggers you can join them. Yeah, yeah, it's that was funny of course when they announced that finance that the hey this guy was doing us now. Yeah, he wanted to
be an advisor. But yeah, I don't know. It just seems extremely political. From where I'm sitting here in Europe, I have no, well, I have beef in the game in the sense that I'm obviously all in on crypto, but yeah, I mean, I'm not in the States. I don't live in the States. It's not really a
affecting me on a date basis. So I feel for my American friends though. - Yeah. It's a hard world. - I guess the restrictions here in Canada are a bit different than in the States, but still one affects the other and-- - The media is based at the same thing. They have the same narrative.
Yeah, I mean the way I see it is this is a buying opportunity I mean China has banned Bitcoin China has buy a banned Bitcoin like a thousand times and I'm sure the US will do the same in the coming years So yeah, just a buying opportunity if you ask me. Yeah, I mean for us now
I think Binance is closing in Canada starting it's been September So that really like Okay messes with a lot of people's But even for us like we did our whole Binance application so whenever we did receive large funds That you know we can transfer from the Binance exchange into
to our bank accounts, but since that's going to be closing in September, I believe September 1st, we now have started looking for different Canadian exchange and yeah, it's a hassle. Which centralized exchange do you go to in Canada these days? If it's not by this?
There's one I think in Alberta. I think they're called index.
And that's exchange. Yeah, I didn't just do a bit more research on them. Yeah, yeah, I mean, it's getting increasingly prohibited. It seems, I don't know if you use Kato, Kato money to all revenue ramp, but to me that's
That's the only thing that we really need to solve in order to defend against these attacks, regulatory attacks. As long as we have good on an off-ramps, then we should be fine. I mean, taxes are there, there's a ton of taxes out there. I mean, all the rails are being built at DeFi.
But of course if people can't get in or out, then what's the point? So as long as that works, then we should be good, I think. Anyways, let's dive right in and not waste any more time on ridiculous regulatory
the whole place over in the States. So welcome everyone to the Cosmos Club where we talk all things Cosmos, which we daily about what's going on and then we invite interesting, fascinating, hardworking builders of the Cosmos ecosystem to spaces like these. And today we have Swift protocol not to be confused by the Swift sort of, yeah,
system. This is decentralized with protocol. So yeah, welcome back to the club guys. Thank you for having us and thank you for everyone listening. Definitely, definitely. So I guess just to take it from the top, we like to start these spaces with
and a bit more personal backgrounds. People come from all walks of life here in crypto. Some people are highly technical of course, some people have a financial background from banking or whatever. Some people are more graphic graphic designers. Yeah, so people are
even more creative than that. There's just people from all over the place. So what brought you to crypto and how did you end up working on the Swift protocol? Great question. So I come from an e-commerce background. I've been buying and selling items mostly like sports cards and Pokemon cards. I started
into like the flipping lifestyle when I was a teenager and doing that for a couple years. And Crypto was I, considering myself fairly new to it. And my partner Joseph, who has a year and a half more experience than I do since he was working at Stargaze as a front-end engineer,
And I propose the idea of sort of protocol of creating a decentralized e-commerce platform where we can allow merchants to sell physical goods or services in exchange for cryptocurrency. Joseph really loved the idea and the business behind it and from then on when we had met in college.
computer science were both studying and then we both dropped out to pursue this full time but it's been a hell of a ride
Awesome man, so college dropouts just like any other billionaire entrepreneur out there So tell us what's with protocols all about us. We just alluded to the beginning. It's not the banking system
that most people would have known if they ever transferred, for example, did an international transfer. So what is this for a protocol? So like I said, so a protocol is a decentralized e-commerce platform. We connect merchants with buyers to sell either physical goods or services.
In the services example, like for graphic designer or any type of freelance work, you want to connect yourself to a corporation for your work. They can pay you via cryptocurrencies of regular currency. The benefits of those is because there's no third party, the middlemen, where let's say the credit card processing system would take
On average, they're 3% fee and on top of a 15% fee, we remove that process entirely and make transactions solely peer to peer. And obviously, like, last time we were on, like, I still, we talked about the e-commerce, but Joseph and I really learned about
I guess the evolution of what the tech has become. It's really interesting on the expansion on what we can do with these commerce transactions, with business to consumers, business to business, and peer to peer transactions. Trying to find or build these
I guess build these transactions that you can just one click everything can happen right away.
And talk to us about that because I think I mean there's a lot of people in crypto but using the internet on a databases they know about web shops and yeah many people perhaps have set up Shopify online web
online store on our webshop. Most people have been playing around with this or definitely used a webshop. So how does one, let's say, they own an online store? How do they use or interact with this Swift protocol? Talk to us about this
the use of journey, if you will. We're going to have a, this is this two onboarding process, but I'll start off with the as a merchant, once you sign up onto the platform, we would be let's say providing different templates designed by DesignedL and
have, you know, the merchants will be freely able to customize, you know, we're going to have a website builder where you can customize a website and build it how you'd like.
And just analytics also we're going to be figuring out ways with segment. That's still in process and development, but still in the right direction of improvement.
So it's going to be very easy to just list products and manage your inventory and view your analytics on whether how your buyers are reacting with your website if they've left certain items in the just in the cart and you can reach back and find better marketing tools for those two. I guess get better engagement for your buyers.
And as a buyer, if you're new to crypto, we are going to have, we're having conversations with the stellar, which is if you had on ramp and they're going to be connecting us with a bunch of different all ramps. We're just figuring out the proper ones like Moon pay or
or Kato and connecting these Web2 normies in the world to a decentralized world of Web3 or we're trying to mix it both, it's a Web2 Web3 world so let's say Web2.5.
I like that. Let's make with protocol the bridge between Web2.0 and 3.0. That would be a big accomplishment in and of itself, I think.
But yeah, so merchants can onboard one about users like do I need a wallet, MetaMask, Kepler, whatever you use? We are connected with you're able to connect with
Safer, Kepler, and we pull it.
So mostly cause most really the wallets where I'm going to try to figure out ways for metamask integration, but that's not enough plan to yet. The discussions are there, but just not in development.
make sense. And so just to dumb it down for someone like myself, so I go on a webshop, I add stuff to the cards, like whatever I want to buy, I put in my shipping information, shipping details, and then when I check out, instead of putting
in my payment card or PayPal or whatever I use, I just connect or prove a transaction on Kepler, because I will if I use that. And that's the checkout process basically. Is that correct? Yeah. And that's a part of our new feature that we announced or not
long goal, but we're calling it SwiftGuard. So SwiftGuard is a solution for protecting business data. So SwiftGuard can encrypt any type of flintex data and make it accessible to any blockchain address or smart contract. So how this works is the user would
store their email and then authorize the recipient, the merchant, for example, and the recipient would have to sign the proof, request the email and then the data is returned to them. So essentially the buyer would grant permission to the seller to view the shipping information because they do have to fulfill
order and once the orders fulfilled and shipped and the buyer receives a proper item then the merchant gets revoked access to that data and would only see that this wallet had purchased this item at this time this date or whatever unless you know they they can obviously write it on page
and keep it track on that, that I have no control in stopping, but keeping, you know, having public information on data matching with the wall address, we just wanted to fix that privacy and security for our users. And this was a way around it, and it works.
And why is that important? The encryption API, just to talk us through the problem here for someone who's not so much into the details as yourself. Why is encryption of email, for example, as you say, and all that kind of stuff? Why is that information important to exchange?
Let's say people who are against KYC, right? You don't want your name, your identity, your real identity, your home address being matched with your wallet address. I guess there's an easy target for people to be targeted. And I guess like the
feature not only enhances trust but also opens up new opportunities to collaborate with other businesses and organizations. And this really like, and I've really thought about this more recently. And this is at scale.
It starts off with e-commerce and this is how we build it. But let's take an example in the health sector in the health industry. If a doctor in a patient, they have all the records on a certain database. But if it's hacked, then everyone's patient records is open to everyone.
If you only a grant your permission to your doctor and whoever is involved with certain operations or your, I guess I'm missing that word, but people attach to either records, then those are people that you trust to hold those records. And if it's late thing, you can know.
Yeah, so basically it's a way to avoid getting docs by using a Swift protocol when you connect shipping information or personal details, email details to the wallet that you
you are using to check out. That makes sense to avoid that kind of doxing. Yeah, we want to do that. We're offering like a level of protection and control that isn't possible in traditional platforms.
How do other people do it like your competitors and maybe you should also share some light on how you know when I'm talking about this but we work on stations with self-guards
That's how we got the name Guard for the feature, but we wanted to do it. We tested it out with the first launch campaign with Noble with their friends campaign.
I sent you guys a link if not, but it's you know, it was like the first store that we had up and Noble was a good partnership To be attached with since we're bringing native usc assets into cosmos
And that whole checkup procedure of encrypting data works perfectly fine over there. Now we just have to stop the process for that. No more figuring out things on their side on how they want to move forward.
on our end, the text side of it works. And so this guy still on self-guard was on Ethereum, but then he stopped working on his project, so we decided to just bring it over and make it our own.
And that's pretty much it. That's how we, those are, I guess, the only known competitors I know of. And we've had different conversations with them. And are they doing a similar encryption to
a very good opportunity to just expand on it and make it uniquely for Swift attaching it to the brand and yeah.
I guess that's how it happened. But no one else I know, yeah, no one else I know within cosmos is focused on data encryption. What about beyond cosmos just to a typically a theorem is where things start.
at least. Yeah, I mean, is there anything from the Ethereum ecosystem? Yeah, I mean, for Ethereum, like we can allow merchants to sell, and if you know, they're goods or services via Ethereum or Bitcoin or, you know, with, with, um,
wrap either those type of tokens.
So that's how we send, I guess, tap into those ecosystems and bring them in, which was also great to partner with Noble because that USDC community, who just want to have stable coins and just want to
sell one of one instead of having the worry that your coin will go up and down and then your margins are just messing up with your own analytics and your finances.
Yeah, we're going to treat USUC as like the default token for the merchants and whatever they want to sell with. They can have, you know, the options are there. I think that's wise. I mean, people are predominantly buying and selling
in dollar terms. So there's no need to alienate people more than you need to. Yeah, we're going to have an Oracle till just in case in the back end for let's see the Swift token. It goes up in
down, it will match it with the value that you wanted the item being listed at, so that's a $400. So that will be $100 worth of Swift at whatever the token price would be, or any other token essentially.
makes sense. But I think going back to the whole stable corner, USDC focus at least initially. I think that's the way to go. It reminds me of when car companies started to build EVs, the first EVs, which they always made it look like a futuristic
car and this is the future. It just didn't look at all like any other car that people would normally buy. And they all failed, right? And then comes along Tesla that builds obviously the roaster, which was like a super car. But then just a normal, nice looking car, which happens to be an EV.
And that's what succeeded, right? Same thing here, you know, don't alienate people too much, you know, go with something they understand. Exactly, exactly. But let's talk just before we go back to your new features like the Swiftcard.
But let's just talk briefly on the noble partnership because I remember last time we spoke, I believe it was making March, that was just on the brink of going online, getting launched. Talk to us about how that went and what the partnership was in the first place for people who didn't pay attention. For the partnerships side,
It was mostly like a good marketing tactic for us, just attaching ourselves to a brand like Noble. I think we're doing very great things in the ecosystem. And it was also good to just test out our concept to prove that it works.
And at the time, there were some difficulties that we had to jump certain hurdles. And we had to take a four to six week break. And back to when I said with the self-guard, when the guy had left to just work at another company and leave his project alone.
We had to just work on that and there were certain bugs that we couldn't fix that we had to get on hold with that guy, but it was like weekly calls that we had had that would only be 15 minutes and it was consecutive the last six weeks. So that's when Joseph and I decided to just build it our own and
Make it a part of the brand and not having a third party attached to it saying that we're gonna have encrypted data
I see. So talk to us about the new features since then because you mentioned already SwiftGuard, you know, you have Swift services now and general protocol updates. So let's go through them. Yeah, I think SwiftGuard, I think I can speak a bit
more but up for the Swift services, we're targeting, so Swift services is a way to connect businesses and businesses together transactions or any type of freelancer to a business. So the way our thing around it is we want to connect
NFT creators on Stargaze to easily bootstrap merchandise stores using Swift and only a few clicks, creators can just set up their store and connect to let's say print on demand services and back to when those transactions happen as a buy or buy something on the cause
most club, merch store and you guys have a supplier, those transactions would happen in one click and it's not you don't have to pay them, it's like it would happen instantaneously. But we want to figure out ways to connect businesses and it starts off with print on demand. I think that's the proper way to do it is just give
NFT creators more utility, more access to give to their holders and their buyers of their NFT and just great merchandise out of it, whether it's hoodies or a mug or whatever it is.
just give them more utility.
Maxence. And there's already an implementation of this. I think Alex is creating the Cosmos merch store. We partnered up with him, actually, and just wanted to give him some shine in some of our tweets.
Yeah, he's great. So that's actually going to be for the. It's not really a part of the Swift services. It's more with protocol, but Shopify integration.
So what the Shopify integration is is to allow Shopify merchants on the platform for interested in selling via cryptocurrency, they would have a button within their checkout page that would say pay with Swift or pay with cryptocurrency.
that would redirect them to the checkout page on Swift Protocol with the items that the buyer had in their cart and they can just connect it with a wallet or back with the seller or the feed on around
go through the on-the-run option and the matter of five minutes less, you know, five minutes or less, you can have crypto and just buy it through there.
So that's how, you know, that's going to be connecting the Shopify merchants and NFTs are stupid, which is a rug store. Alex is a great guy. We met up.
and Austin, which is cool. He's a great guy. - Beautiful, beautiful.
We should be-- Anything else on the-- Up and running, actually, I would think.
sometime in July or August, Alex should be up and running.
Yeah, yeah. We are talking to him back and forth. So I don't want to spill in the alpha that he's not comfortable doing, but yeah, I know something is shaping up. That's for sure. Yeah. Any other updates on the Swift protocol that you want to highlight. I just want to give you a chance if there's anything else
before moving on to the next segment of the space. No, we're just onboarding more merchants. If anyone who's interested in being a merchant, you can tweet at us or DM us. We're freely open to discussing the options that you guys want to have and we'll definitely want to help you guys set up your store.
Exactly. And speaking of that, because I think this is just such a blue ocean, if you will, a bit cosmos of online stores. The market just seems so large and the average
the massive right? So I'm curious to hear just you know what maybe not so much about your roadmap but more like how do you see that unfold because I can just imagine let's say you guys succeed and you start
on boarding like a lot of different merchants you know people are really starting to pay attention to Swift Protocol which should I mean I can just imagine big players I'm thinking like Amazon yeah behemoths out there they can't ignore this trend no and I
I really like that Amazon. So the original idea, the original concept of Swift wasn't Shopify necessarily, but it was eBay, where there's just a bunch of products listed on the one website and people who ever want to buy obviously listed by peers, but
Imagine having, let's say, a supplier website and Amazon.
I want that to be somewhat of the end goal for Swift Protocol.
But that takes time in years and patience and growth and expansion. But yeah, for sure, I would want to maybe not for this race, but our second race that we'd want to do next year. To connect with some sort of
of like supplier, like for example like for Shopify they they partnered up with like Alibaba which is a Chinese manufacturer where people can drop ship. Now if I find now what I do it in China maybe not if I find something more localized
in North America, a big supply chain, then I can implement the idea or the concept of dropshipping decentralized via cryptocurrency. And it's just, you know, the infrastructure is there in the world. I'm just trying to copy it and figure out a way to
make it fully decentralized. Blockchains. Yeah. But like an angle would be like a Amazon Esk where we would have our own
manufacturer supplier chain.
Yeah, so where you want to stop shop where you can buy really anything online, but using your wallet with re wallet, let's call it Kepler or whatever instead of using your PayPal or your payment card.
Exactly. I mean that's a big mission right there. I'm sure investors are digging their lips when they hear the potential for that. How does obviously
being the Cosmos Club, we have to ask this question. How does Cosmos Tech help you achieve such a grand endeavor?
I really like the community here. It's very developed for Centric, like the Devs and the ecosystem are just great. They really like to give pointers and help each other out. On the text, I have the benefit IBC being able to connect with other protocols.
And, you know, like with the or one click deployment since us as a company, we aren't going to be hosting these websites. We're just a tool to help people create eCommerce stores and
and manage the inventory. We're going to have these one-click deployments. You swap Swift tokens for AKT tokens and then you site deployed through a Cush. That's what the help of IBC.
If you want to sell something in Osmo, but then after you know, you want to have certain profit margins, you can keep those in the USC and that's done with Osmosis. So there's really, you know, IBC is really the future.
And Cosmos hasn't had that mainstream attention, like how other blockchains have, and I'm really excited for this next ball cycle whenever that comes.
and I'm working for it only a matter of time. Only a matter of time. Patience is a virtue. Yeah, and I think, I mean, you won't find many people that would disagree with that statement. Like, IBC is such a powerful technology and it just seems to be the standard that is gaining traction
when it comes to interoperability across chains. So we'll probably start seeing more or more ecosystems, more or more chains, or not necessarily the consmos chains that I build on the SDK or whatever, but still adopting IBC. I mean, we saw, towards the end of the last bull market we saw,
you know, near and avalanche and all these ecosystems flirting with the idea of adopting IBC. I think you're going to see that again. That idea has not disappeared. It's just now in the bear market, you have to sort of slow down a bit. There's funding has dried up.
I'm sure you've seen something similar. So these are just harder times, but the idea is still there. And if you ask me at least, it's going to happen eventually. It's just a matter of time. I mean, look what, you know, even with the consensus algorithm using a proof of stake network, either
move and move and work to prove a stake. I think proof of stake is the future and low fee low gas everything. It works. And obviously, not only does IBC help Swift, but also the proof of stake network. And we've had discussions about this about our dispute court.
between merchants and a buyer if there is something wrong within the transaction, you know, way both, you know, to figure out what would happen. And about there is on the network who leveraging a proof of state network would allow to resolve disputes between, I would think, like 24 hours.
And then from that users are graded with a multitude of parameters to determine their on and off chain of trustworthiness. And the result of the dispute can influence the user score.
Yeah, I mean, it's going to be very exciting to see how this unfolds. We're going to give some medications, I'm sure, during the next poll cycle. And the Cosmos ecosystem and the Cosmos tech really, spraying its wings
and showing the potential. It's incredible to see, obviously, we follow Cosmos extremely closely. It's just incredible to see how much focus people in the ecosystem have in just building and just creating a mode almost for the ecosystem by brute forcing
building just heads down building a strong mode technically at least. So yeah we're very bullish obviously we have to be I guess but it's just incredible to see all these ideas that are coming to life. I mean you've been working with Noble obviously
very closely bringing USDC native USDC to the ecosystem. I think that's huge. We have a huge amount of them on that. That's all there and we just are the benefit of them. But yeah, I don't want to take any credit for that. But you know partnering up with someone like Noble who brings the C is great. Yeah.
Exactly, I mean, it's almost like an attack vector, right? If axelar gets compromised, which is bridged a bunch of different tokens from Ethereum predominantly to Cosmos, if they could compromise in any way, or even just a rumor of them getting compromised, it's gonna hit Cosmos today.
day if that happens today, really, really hard. So having native assets like native USDC, for example, which is going to be huge and obviously, yeah, there was a bit deep heck, but the USDC is just a stay and it's only going to grow from here, I think. So having that natively on cosmos is just such a huge step.
in the right direction. So yeah, and all these different things like it was ideas, you know, a few years back, two years back, one year back, and now it's just being delivered into chain security, you know, consumer chains being renting, renting security from Cosmos Hub. All these things have been met security, like
all these different ideas are just coming to life. It's just incredible. So yeah, it's a building on Cosmos, something like this with such a grand endeavor, like with protocol, that seems to be a smart move. I remember witnessing, it was so great to witness it, like just the conversations there at Cosmover in Medin.
with Messer Curdy, with Sonny and Jake, and then just creating like a concept for it. And now like they're starting to really get into more development for it like Joseph is a
part of the front end team over there. He's working with Cosmology and Designed Out, helping them bring that into fruition, which is also good to have a co-founder attaching to a project like that.
And we want to help them, we want to start igniting the conversation to help with notifications. That's also another feature. A part of SwiftGuard is we allow email notifications to happen.
Hmm. Nice. And we want to figure out maybe SMS, but for now, email notifications work. So email notifications to users who are buying or merchants who are selling a bit of both. So a merchant can obviously
Give the receipt through email tracking information even though you can track it on the site Just confirmation essentially It's what is not only between merchants and a buyer. I mean you can use this on star
for certain bids when it ends or on Dowdell to know when the next governance vote is happening. Get email notifications. Not everyone really checks. Kepler up to see, okay, this governance vote ends this time like I just wouldn't know.
unless you really check that. So email notifications would help a lot. Yeah. With a lot of different programs and the Swift can do it. And, you know, we're having discussions for big enterprises like Dowd L and Stargaze to use SwiftGird.
Notifications in general are lacking in Web 3. I actually had to notify on. They're not very customers focused this is early, but they are just basically focused on creating push notifications, email notifications, SMS notifications across Web 3. If you want to get in touch with them, of course, we can facilitate, but
Yeah, it's just a big thing that we take for granted in Web 2.0 that we don't really see. Yeah, 3.0. Talk to us about the sort of years ahead. Like, okay, let's say you're sitting on your
front porch or wherever you find comfy in the 10 years from now or 15 years from now, pick your year. And you look back at what Swift Protocol has accomplished. And when you look back, you would say, "Wow, that's exactly what we set out to build." You sort of alluded
to it a little bit, but I like to ask this question, you know, taking like leaps of years out there because we tend to think very short term. Like, okay, we got a little bit of this in a few weeks and then a few months, we have this and then, you know, we almost have like maximum a year horizon, time horizon in crypto. And that's fine.
That's great. We move super fast in crypto and consponsum, especially. But I think it's healthy, especially on these sort of spaces that we host to take a broader perspective and long-term vision, because crypto and consponsus is here to stay. And hopefully, Strip Protocol is also here to stay.
Yeah, okay. I can answer this question. Okay, I have a good answer to this. I don't know where the company will be in 10 or 15 years from now. I do know the feeling I would want to have in that amount of time and it's some sort of like fulfillment of doing something
good because giving more utility to the world, just, you know, more privacy, more security, better margins for merchants, you know, they can save 3% on each transaction because you're removing that credit card processing system. Buyers don't have to pay a tax because you're buying with a digital asset.
giving those people the opportunities and that freedom I think is fulfilling and on my side I mean I think even now it's always exciting I wake up with a smile, you know head up high
move forward, ponder ponder ponder game theory and yeah awesome it awesome but as a company yeah probably like a leading expert in the industry
Yeah. No ex-strategy to be sold to Amazon or eBay or equivalent. Unless they come to us? No. Who knows? I want to know who knows. Yeah I mean there's both good and bad in that.
to some of the big guys. Obviously they have immense distribution. I mean, plugging into something like Amazon, you know, overnight you'll have millions, sometimes over a year, maybe billions of transactions happen via Swift.
I mean, ever since the pandemic, like e-commerce in general online shopping has grown 100% and that number is going to go even higher. So yeah, and you know, crypto and blockchain is the audience are getting larger and larger. So it's a time when
it will catch up to the regular people and that's where our target focus isn't for the Web2Normis, it's for Web3 protocols and influencers and community members because we still have to, you know, it's still a fresh idea and we have to get people used to the idea with buying and selling
cryptocurrency, four physical goods, or the services that you're selling. And connecting other businesses with businesses and make those transactions blockchain based and crypto based.
Right on. All right. Is there anything that we left out? Is there anything you want to leave the community with today? Is there anything we can do? We have a lot of people in here if anyone wants to ask a question. I'm glad to answer for sure.
Yeah, I mean people can request to speak I can see one person has requested speak Taylor or Taylor official. I was gonna approve it and see what happens
I don't know what happened, but I can see it's Haley Yo is still a listener, even though I accepted the request.
I'm gonna try crypto-mario, we'll also request it though.
All right, I can see the speaker icon for tomorrow. Can you hear me? Yes. Yes. Okay. Oh, I want to ask you join the course of viewing of Fuji.
What's our thing? Your, how like with it your greatest challenge and how did you overcome it? I guess a biggest challenge right now since we are an early tech startup is
funding. It really comes down to money and raising and expanding on the team because right now it's only me, myself and my co-founder and we've had good discussions with growth funds and we're just finalizing terms and agreement right now and certain clause for the future that by August we can really
skill up production and move things forward for our launch state. So on the tech side, like you know, we've had hurdles that we've had to jump even with the noble launch campaign when self-guard that third party on the theorem had left and just done his own thing. We had to
still give out a finalized product to Noble and that's what we're you know back and forth for six weeks and we decided to just scrap it and build our own and just attach it to the brand. So certain tech tech hurdles and also financial hurdles but that comes with every company.
Awesome, awesome, thanks for everything. No problem.
Beautiful. There's one more who is requesting to speak and that is Alexa. I'm just gonna prove it now.
Okay, I can see there's another one also now, but let's start with Alexa.
What question do you have?
that sound privacy on your platform.
What protections do we have in place?
without the question for user data.
Yes, yes. Okay, so as I mentioned before, we have SwiftGuard. And SwiftGuard is just our, you know, our end-to-end data management solution. So we can
encrypt data on the user end and then get revoked access as the merchant. So if I were to explain it, like, it's basically like a wallet based data protection API.
it provides encryption APIs and tooling, allowing us to build a secure UI in UX for the users. To store key values under data, and then when do you--
When you retrieve the data, it's decrypted upon its retrieval. And then once the orders are filled, then they get revoked access. So they can't see that data anymore. Only the wallet address.
Okay, thank you very much. - No problem, Alexa, thank you for the question.
I think that's it. There was another person called Habibi that I requested about the he or she disappears. Oh, there's another one. That is Vivek. Let's bring Vivek Madame to the floor.
I can see the speaker icon on VVAC. Hello. How can you protect our user from scammers?
How can we protect users from scammers? Can you elaborate on that? Like give me a scenario.
Suppose we use the slip protocol, slip store, then you can found some people's stamp with price it is
It's very hard to stay for. I think I can answer the question. So Swiprocal, we have a dispute mechanism between buyer and a seller. So the dispute court leverages proof of stake and validators
network would be incentivized to put up a portion of whatever the transaction cost is so they won't vote maliciously either. The buyer in the seller would then make their case on the why they think they're in the right. All this can happen within 24 hours. Once a validator is vote, the winning validator groups would then get
percentage, a portion of the transaction costs for winning and the losers don't get anything and the loser side on the buyer or whoever makes the claim would then get affected on their trust score and the trust score is just on chain credibility to prove how credible you are on chain.
like a credit score. Thank you so much. No problem. Yeah, we really like these discussions like these security questions, we really ask ourselves that right the beginning, even before even writing our first line of code, we figured out what are ways that people
can scan and how are solutions that we can prevent those without KYC. If we had KYC implemented on the platform, it's much easier to get around those solutions if you were to get scams since you'd have those the user
data, I guess, the identity, essentially, but we, you know, we're not really for KYC and these are solutions that can work on these problems and so win win. Perfect.
We have room for one more and that's one that we cannot ignore and that's 007 have to have to invite 007 when the he or she is requesting So requesting I'm accepting the request now
I like the pepper. What's up everybody? This is this is a 007 and I'm here to support Swift protocol. I'm definitely long on the Swift, but let's see where this takes us everybody.
Thank you for the support.
Awesome, man. Do you have a question also? I just wanted to shout out that you are supporting the project 100% I'm very close friends with the founders and I must admit it's a very interesting project
Well, let that be the last word then I think leaving on a good note. So thank you so much for joining today. Thank you very much.
everybody and yeah looking forward to speak again I'm sure this is not the last time. No, sure. You've got the club. We'll speak again. All right man take care everybody. Thank you very much. Ciao. Have a good one guys.