[MUSIC] So what is decentralization? Decentralization in my opinion is a phenomenon or a paradigm shift that planet earth is waking up to. Right now, the database and Internet structures that we, as species, have created thus far, have typically been driven by Internet service providers. Basically, the history of the Internet and the history of the database grew up distinct from each other. And when the first intranets were created and evolved into what we now were the America Online's of the world, basically we would log in to those intranets to access databases. And those types of intermediaries were the ones that would house our information. Fast forward to the last decade. The world on the Internet has essentially become an oligopoly of a handful of Internet service providers that access and serve as a thin line of intermediation to us. You can take Facebook, Twitter, retail banking accounts. And basically, we pay those intermediaries tremendous sums of money, or in many cases, we are the product, where we have quote, unquote, free access, but then our data is shared and monetized. And now we're going to a place where rather than having a centralized intermediary custody, our digital assets and our digital personas, we will have that self-sovereignty. The individual user will be in control of their data, their assets, their reputation, and we will have essentially peer-to-peer transactions. In so much Bitcoin was the opening act, where I was able to send a cryptographic token peer-to-peer without a intermediary or a bank in the middle. And now what we've got with these next-generation blockchains are basically anything that we can dream of in a peer-to-peer fashion. One example of this is the notion of triple-entry accounting. So planet earth as we know operates on double-entry accounting standards. Where if you and I were counterparties and I sent you a dollar, there would be credit in your books for the dollar and a debit in my books for the dollar. Going forward, there will still be the credit and the debit, but we're going to have this third immutable ledger entry. Hence, triple-entry accounting. And basically, that third immutable ledger entry will serve as a watermarking, a notarization, an agreement that I indeed gave you the dollar. And while that seems somewhat trivial, what we just did was essentially automate audit. Because right now, we pay auditors billions of dollars, the Deloitte's, PwC's, KPMG's, the Ernst & Young's of the world to reconcile that transaction. And with this next generation database technology, we are going to be able to automate that function. [MUSIC]