(Gentle music) So as a recap, so what are the benefits in terms of blockchain technology. So I would say there are five key ones. One is efficiency, so all transactions are completed directly between the relevant parties, so there is no intermediary and obviously, information is digitalized, so this is the must and you can apply as I mentioned before smart contract which can automate specific tasks based on data which has been which is inputted into the blockchain. So this can dramatically reduce cost, time and streamline the process. Obviously because everything is recorded on the blockchain in different sequences you can have a full audit trail, you can review everything. You can see if there's discrepancies and there's a big reduction of fraud which is which is possible because you see everybody has a full transparency of every step. Traceability, so today every party just has a window of a specific picture of the transaction, with that you can see where the goods are you can you can you can track which warehouse they are so the whole lifetime of the transaction can be seen not on the financial side, but you can add it with the physical chain and the data to enhance the visibility and similar to the transparency you have full transparency on all different parties on the whole transaction history and this again as we mentioned before with example with AIG. They don't have to wait a few days, they have suddenly access to the same source of data directly from the seller and this again can reduce cost and risk because there's full transparency and then the last point is security. So again is crypto technology which is securing this data and the data resides in different servers connected in a peer group. So this increases security and if somebody falls out it’s not that the whole system breaks down. Now these are some information recent information which was published by the Asian Development Bank, which what they say what they trying to explain is that there is a funding gap, so basically there’s a big market which is unserved or which need liquidity and which is not served today by trade finance or supply chain finance programs. So they say these researchers about $1.5 trillion today globally has a lack of financing okay and they did the same this 1.5 it's rejected trade finance transactions, doesn't have to be supply chain finance, it's just a rejection of providing liquidity based on a trade transaction. Most of them say about 40% it's in Asia then about 20 in America basically Latin America and the rest Europe, Middle East and Africa big and Russia and independent states and then looking at the transaction, company size so mainly obviously micro and small companies and mid-cap companies.
