Now, are you seeing interest in it not only from the publicly traded enterprises, but also some of the state-run organizations in that part of the world?
Digital took about eight years to become the priority of the C-level or maybe not even the priority, let's say just to get on their radar, it took digital that long.
We're seeing CEOs come out and want to talk about blockchain and want to understand it.
That is the impact. And in my entire career in this industry, I've never seen the highest C-level executives want to know about this, want to understand this.
This never happened with digital, with IoT, with AI.
It was not there, but it's there with blockchain, and it's there with blockchain from when the hype really started kind of mid of this year.
And I think it's the hottest topic in this industry at the moment.
So, let's drive that a little further then. Is the public sector, where some of these enterprises may be classified...
Are they moving just as fast as the private organizations are to adopt this or at least to understand it better?
I think on the understanding yes, the adoption is still a little bit away, but we are seeing a lot of interest on proof of concepts.
Organizations wanting to try it out and really see what it can do.
I would agree, I think a lot of the research I've seen is that there's been a lot of PoCs, which is fine, because this is certainly a POC starting point,
and those are quickly evolving into, once they see the immediate benefits, into the longer-term project which has been great.
And I wonder, Morgan, do you see the, let's say, the slower speed of the adoption of just outsourcing in general, in the industry?
Do you see that being overruled, because blockchain is a need, and a must, and a have right away moving more quickly to adopt even a PoC?
I certainly do. I mean, I think the one thing is, you know, recently Venezuela, for example, created the Petro which is a cryptocurrency which obviously is based on blockchain technology.
And that's tied to oil prices. So this has gone at the state, national level.
And so yes, it's... We're seeing that it is, because it's new, it is because it's hot topic.
And there are reports out there in the world that like 10% of a global GDP is gonna be based on DLT blockchain technology.
So yes, I think it's just getting to understand it, is really why the organizations are there.
And, the thing about blockchain is, from an industry perspective, there's not a lot of people in this industry that truly understand what blockchain can do for them.
At the same time, blockchain is so nascent as a technology that even your traditional technology majors, let's call them that, the Microsofts, the Apples, the IBMs,
not necessarily the best players at driving this technology forward either, because blockchain is happening or has been occurring, you guys rightly know very well,
it's occurring within the organizations that adopt multiple platforms, they're not platform dependent.
And I think that's also what's disruptive, I can't necessarily just go to my traditional consultants who are going to come in and say: "Well, we know about blockchain", because they don't.
So, do they know about the industry, and do they know specifically about blockchain?
And that's a very hard thing to do, because if you get stuck on the platform or a specific platform on blockchain within your organization you can be really, really at a disadvantage.
There are so many platforms out there for public chains, private chains, if you want to do your own tokens, specific tokens that you want to release into the market
and all of this creates a new world and a new world with new skills.
So Dmitry, I think Morgan gave us a solid overview of the blockchain initiatives taking place in the industry.
I think that was a good macro, sort of bird's-eye view of what's happening.