>>60926882
>And it's actually very powerful because one of the biggest problems in institutional and in institutionregulation process is what is going on where, like this isalso something you can see in the 2008 financial crisis where it was just very difficult to understand who had what,what it was worth, what they were doing with it, when it was sold or bought, who traded it to who, what was going on,what is going on is still a basic question that is oftenunanswered in the current institutional and regulatory environment. But I think what, what's starting to happen now isthat if you're able to put data onchain, if you're able to track cross-chain transactions correctly, ifyou're able to comply onchain with identity onchain, you can know what's going on. You can know that this accredited investor sent this token to that accredited investor. The token wasbacked by, you know, the relevant assets based on proof of reserves and that thetoken transaction was done under this set of laws and this set of laws and the smart contracts on both chains checked that the conditions of the transactions were met for both sets of laws. So now you have an international transactionwith two different regulators with two different sets of laws that both of them can look into and they can understandwhat happened in this transaction. They don't need to ask a bank for records. They don't need to contact anyone andtry to look into what happened. They inherently know it from from the unified golden record on the blockchain. So I think this is where we, where we kind of have a real opportunity with with regulators.