In Episode 5 of Decom Talks, the team shares updates on the decentralized commerce platform, including new coupon codes and the introduction of cross-chain payment options like Bitcoin and external wallets to make transactions easier. They also explore a decentralized water initiative that uses blockchain and IoT to deliver and verify clean water distribution to underserved areas. A featured product, a smart air purifier, rewards buyers with tokens and funds the delivery of 1,000 liters of clean water per unit sold, with each purchase linked to an NFT that verifies the impact. The discussion highlights how real-world devices can connect to blockchain systems through APIs and sensors, with plans to expand device integration while keeping the user experience streamlined.
Decom Talks | Ep.5 – YouTube
https://www.youtube.com/watch?v=w6ZNys_TqU8
Transcript:
(00:00) [Music] It’s a pleasure for me to be here on our BCOM talks number five. Today is Thursday, April 24th and with us today we have Dr. Parag who’s not able to join us right now as a speaker due to some technical difficulties with X that hopefully we’ll resolve. I don’t know if you remember from our last decom talks number three, we had Dr.
(00:33) Parag from Big Water and it’s a pleasure to have him today. Big Water, as some of you may know from our third decom talks, is a deepen project focusing on environmental issues. And of course, their state-of-the-art Deepen air purifier device is on pre-sale through Hamsa Market, our decom marketplace. But before we got into the into the chat with Dr.
(01:00) Brag and due to the fact that we’re still having some technical difficulties, I thought I would go ahead and give some updates on our Hamsa decom marketplace. Okay, right now our devs are working on the first of all the coupon codes which we should have ready pretty soon. They will allow sellers and buyers to use and issue these these coupon codes for discounts on Hamsta.
(01:31) And also something else that that’s pretty important that we’re working on is the support for crosschain payments. What this means is that you will be able to to pay with a different water or with a different wallet or from a different account than you than you normally whereas you would normally use your your connected wallet to pay previously.
(01:54) Right now, we’re able to we will able we will enable payments from other wallets, external wallets such as an exchange and of course Bitcoin payments, which is something pretty big that we’re looking forward to, and other other tokens. So, this will hopefully make easier the the use of of of the platform and will remove some of the friction that some people might have when connecting their wallet to the site because right now all you need is all you would need is just your wallet to connect to a site and you don’t you
(02:32) would you would need to have any funds on it. So, that will be pretty that will be a pretty welcome and and expected update. Okay, Dr. Barog is with us now and I don’t know an if you’ve do we still have issues with getting him as a speaker right now. Hello an yes I’m here.
(02:57) We’re trying with a different account. Okay. Well yeah in the meantime we remember from our last talk with Big Water. He was explaining to us what the what it was all about. what the what the deepen project was about. And the Big Water has this a device, an air purifier device on sale at Hamsa that you can purchase for a discount which is valid until April 30th.
(03:27) And if you take uh note, it’s it’s worth pointing that out because that that offer that promotion is still ongoing, but it will end pretty soon. So, I recommend to people listening to if they’re interested in this device to take advantage of this promotion and look up our device, look up the Big Water device through our platform on hamsa.
(03:52) That is on pre-sale right now. And as I was saying from the last talk with Big Water, he was explaining to us about partnership with Big Water and Jai Jai Jao. Did I pronounce that right? Janjal sorry Janna Jal is a is a is a institution operating in India and they’re they’re a pioneering so they’re a pioneering social enterprise and India’s foremost innovator in decentralized water management technology and they have uh 12 years experience in delivering large amounts of clean safe drinking water to communities that don’t have any access
(04:34) to that. So, by purchasing the device, the air purifier device, you’re enabling as a shopper of as as an owner of the device, you’re enabling 1,000 LERs to these underserved communities, which I think is a pretty interesting value proposition and something. Hi, Jose. Hi, Jose. Hi. Finally. Welcome. Welcome. Finally.
(05:03) Sorry about that, but I couldn’t help it. No, it’s okay. It’s not your fault. It’s it’s a bit of a buggy platform, this X. So, I was telling our audience about something about your your project, Dr. Barack, but would you care to give us any updates on on how it’s going? Oh, yeah. Thank you.
(05:25) First of all, thank you to the entire Hamza team and all the listeners here today this morning. We really appreciate everyone make taking the time to be here. Well, I mean, before I get to the updates, do you think you want to just kind of recap on what Big Water is or should we just get straight to the updates? Let’s let’s do a bit of a recap because we might have some questions about that a bit later on in this chat, please.
(05:48) Right. That’s what I thought. So, Dr. Barack, can you give us a recap of what the big water project is for those listening about this for the first time? Yes, absolutely. Most excitedly, the the big water protocol as as we call this initiative is is is an initiative that stands for clean water.
(06:10) The the the primary objective behind this initiative is to make clean water available to underserved communities around the world. And when we say around the world, we mean absolutely across Asia, including Southeast Asia, Middle East, Africa, and even South America. And this confidence or this this aspiration basically comes from the fact that we’ve actually been a legacy company.
(06:36) So big water basically the evolution of big water is basically come from this from a legacy company called Janajal which is India’s leading innovative technology for decentralized water management, water treatment and water distribution. Now that is where we have the ability to deliver millions of liters of clean water in bulk by eliminating all kinds of unnecessary costs associated with the supply chain of water and make it available in the hands of consumers in a very very efficient and cost-effective manner. Big Water basically aims to
(07:16) capitalize on that ability and expand the ambit of participants in this entire vision and mission. So the big water initiative is a deepen initiative. It’s an RWA initiative. I’m assuming everyone here knows what deepen and RWA is. And our deepened devices are actually air purifiers which solves another problem that the world is faced with which is bad air.
(07:47) And ironically bad air is a problem which is far more global than bad water. Simply because more than 150 countries currently as we speak are suffering from bad air. So the de the big water initiative once again I repeat aspires to or aims to deliver clean air clean water. So for every device for every deepen device that we installed we would give 1,000 L of clean water to underserved communities with distribution data brought on chain and tied to an NFT that the buyer of the deepen device will receive.
(08:23) And that is exactly what we are trying to do. And while the the air purifier is being operated, the the user receives daily rewards in the form of big water tokens. Okay. Excellent, Dr. Parag. That is clear. But I’m still I’m still to understand. Okay. So you say big water is stems from a legacy company called Janal Jou, right? Jano Jal. Yes.
(08:45) Jan Jou, sorry. And does this legacy company still operate? Is it is it is it a separate entity from Big Water? It’s a separate entity that is yeah completely arms length. Okay. And and how’s the partnership between I mean how how’s the business model so to speak between between Big Water and DNI gel? How how’s how are people purchasing an air purifier device enable how do they enable 1,000 lers of water to be delivered to to under this underserved communities? Right. Okay. So that that’s a good
(09:20) question because a lot of people continue to have that that ambiguity persisting in their minds. So what we are doing is so the deep the the deepen device or the air purifier that big water offers costs $180. Now when when you buy this one device you receive you qualify yourself to receive daily rewards and you also receive an NFT that is tied to 1,000 L of clean water.
(09:49) Now, Janjal is the execution arm for big water that will go out and deliver this 1,00 liters to underserved communities by bringing the data on chain. So, just to give you a little background once more at this stage, Janal already has a billion data points from dispensing over 200 million L of clean water in the last 12 years.
(10:09) So, the capability is already there. The the operating model is already in place. The validation and the infrastructure required to deliver large volumes of clean water in a very efficient and optimal manner is already in place. Janel possesses the a patent for its tech platform that delivers.
(10:31) It’s called the Uber of water. So when you enable your basically the $180 that you’ve paid for that deepen device out of that a significant portion is allocated to the clean water distribution and this NFT that you receive will have verified data of who was the recipient of those 1,000 liters, how many beneficiaries, what was the quality, the quantity and the date and time that they received this water.
(11:00) So it’s verified, it’s databacked, there’s there’s proof of delivery. Okay. I I see. So okay, that that part is clear. I mean, the person operating the the air purifier device gets an NFT certifying that they somehow that that they enabled the 1,000 L of water to be delivered to the communities.
(11:22) But I I I was under the impression that that was contingent upon uh the device feeding data to the blockchain. But right now, you’ve just explained that part of the cost of part of the purchasing cost of $180 goes to the to the Jin Alja initiative to to cover some of the costs for that. Right. That’s right. So, the the the 1,000 L of clean water is not contingent on operating the device.
(11:51) Your daily rewards are contingent upon operating the device. So if you procure the device and put it up in your store room, it’s not going to generate the rewards for you. Okay, I see that. Well, we’ll get to the part about the rewards a bit later, Dr. Parag, if you don’t mind.
(12:09) But there was there was another question. You’re saying that you’re enabling 1,000 L of water to be delivered to underserved communities in Southeast Asia, which of course includes India. But what hurdles are you is big water facing to provide availability of water to communities in other regions such as South America, Africa and so on.
(12:30) So we will so there are no hurdles as yet but yes there are a few hoops that we have to go through and and the the main one being collaborating with existing water treatment plants that are already installed and operating there and then getting them to basically install the IoT controllers and sensors if they already have them they can be inter integrated and interfaced through uh through APIs to the tech platform if they don’t then they’ll have to go out and invest in getting that IoT controllers and sensors
(13:01) installed. So the distribution data, the dispensing data can be brought on chain in a very verified manner. Okay, I see. So big water would rely on these sensors and this and these data collectors to be installed in the water treatment plants and that includes of course wells and and all this sort of stuff, a hydro infrastructure, right? Correct.
(13:26) It could be it could be bore wells. It could be water treatment plants. It could be any kind of water source that people can collect to meet their daily household needs and their consumption needs. Does that include rivers? Well, if there is a scientific way that the river water is being treated and then handed over to the communities for consumption, then we would also work with it.
(13:52) But we will not go and directly enable water from rivers to consumers and then because it it’s got to come on chain. It’s got to be measured. It’s got to be be data backed. Right. Which which brings me to my to my next question. Dr. Barack is there is there plans for a just as you have an air purifier device right now.
(14:14) Are there plans for a water collecting data collecting device that’s also deepen and would allow owners to to collect rewards while operating the device in the future? Yes. Currently, no. Because obviously there’s a lot that can be done with with the initiative that we are rolling out and we keep getting a lot of outreaches from various devices that want to integrate with us and give their customers the daily rewards, the benefit of daily rewards.
(14:46) But we are not getting distracted at this moment. We we believe that air purifiers solving bad air and solving bad water is good enough a a value proposition to begin with but going forward at some stage we probably consider adding others as well which includes air purifiers or water purifiers. Okay. Yeah.
(15:06) Well certainly the the air purifying device has a pretty direct impact on on on the one on the person or the community operating it. I mean you can see it immediately. But ju just as you say that there’s there’s water and air. Is there a third ecological front that big water intends to to to somehow harvest data in the future? Well, not necessarily an ecological front, but I would say we we’re in conversation with renewable energy projects.
(15:39) We’re in conversation with electric vehicles. We’re in conversation with a lot of these activities, these companies that are running sustainable actions or supporting sustainable actions and they’re all very keen to basically be part of this entire ecosystem of rewards because obviously that becomes that makes an expenditure into an investment.
(16:01) So there’s nothing like being able to provide individuals with a passive income stream that that sits over and above their their basic needs. So if somebody’s gone in and got procured something if they can also benefit from a rewards program then that is being looked at.
(16:20) So we are in dialogue with a lot of these companies but like I said we’re just putting it out for now because we’re already inundated with the kind of response we’re getting for this for our deepen devices currently that are air purifiers. Exactly. And it seems to me that that is the most efficient way to deal with these problems these large scale problems by placing the proper incentives on the individual so that everybody can contribute. Absolutely.
(16:47) Incentivizing individuals to perform actions primarily in their own interest but also in the interest of the larger community is the way to go. We’ve already been so as individuals, as professionals, as a team, we’re we’ve already been part of the sustainable network of the world, the sustainable ecosystem of the world for over a decade now. We understand how that works.
(17:12) What are the dynamics? I don’t think it’s it’s required that people wait for their governments to do something to solve their daily problems. I think governments have their own problems. They’ve got macro issues at hand that they wish to address with all due respect and they may they might not have the bandwidth to get down to the micro issues.
(17:33) So if people can solve micro their own micro issues and inadvertently address macro issues, that’s the way to go. Yeah. What what I love about this is is that the the incentives are always positive. I mean, individuals get rewards. They don’t get punished. They don’t get they don’t get taken away social credits or some stuff like that.
(17:53) So, yeah, it’s not a finance score. It’s not your your your credit score that if you don’t pay your bills, you start losing points. It doesn’t work like that. The only pen the the only way one can get penalized is for stalling their good conduct intermittently or delaying it.
(18:13) So it’s just about it’s it’s all accreative at all times. Exactly. Just just as a reminder to our listeners, deepen stands for decentralized physical infrastructure network. And what big water is trying to do is is they’re trying to align the good environmental actions with with rewards for the individual incentives for the individual contributing to these to these networks.
(18:40) So Dr. Barog, talk to us about the updates on your on your on your pre-sale of the air purifier. Yes. So I think obviously we’ve we’ve we’ve rolled out the pre-sale of the air purifier about a month ago. We’ve we’ve got phenomenally good response, lots of queries.
(18:59) I mean we’ve got inquiries from around almost 50 countries where people wish to adopt, wish to implement, wish to install these. There have been a lot of pro procurements in fact of the first procurement that took place made us very proud because it came from Switzerland if you please which I call the clean air capital of the world and but they saw merit in this they see merit in this and there was so there have been a lot of such procurements and of course I have to also touch upon this that while people can get to our website and order their own devices we’ve also enabled
(19:32) procurement through Hamza and people can pay through USD GT and that is something which is which we are all very excited about. With the markets looking good, I’m sure people are going to be very very excited and tempted to basically go out and start putting their their wallets to good use, which is pretty noteworthy in itself because in in a lot of countries facing sanctions, people don’t have access to to USD banking services or the traditional means of payment.
(20:04) And besides, I mean, it what could make more sense than having a deepen company offer their products through cryptocurrency and of course through us, which were the the decom marketplace, crypto marketplace, our excellence. So, yeah, I’m also excited about that, Dr. Parag. And switching gears a little bit, I understand that today you guys made a a a small purchase on Hamsa.
(20:32) Would you care to comment on your experience? Oh yes. I mean obviously we’ve been we’ve been curious cats as to how the the procurement process really works and we were pleasantly surprised. It went through like a breeze. Very crisp, extremely userfriendly and very very seamless if I can call it. In fact it’s it’s far more enjoyable because you don’t have to pull out your card and then enter all the details and wait for the OTP.
(21:00) So obviously this one is is way more seamless and and authentic to say the least because then you don’t feel that there could be any any any fishing activity happening in the back end somewhere that could steal your details. So very very assure lots of self assurance in that lots of confidence and like I said extremely seamless.
(21:19) So the it was a pleasure to be actually transacting on Hamza. Exactly. It’s it’s one of the most noteworthy features of of our marketplace is that we we don’t we don’t collect a lot of data from our users and so the privacy and the the safety is assured like you said we don’t you know somebody purchases something on Hamsa they don’t have to pull out their credit card or or debit card to see the number and I give this number and the security code and so on.
(21:50) It’s just direct and seamless. You just connect with your wallet, pay with your wallet, and pretty soon you will be able to pay with other wallets outside of the wallet you’re connecting with and in different in more cryptocurrencies that will that are soon to be supported. But Dr. Parag, I wanted to ask you if if if the interest you you tell me that there’s a lot of people there’s there’s a lot a lot of interest has been aroused in in people making inquiries and asking this and that. Have you gotten a lot of of
(22:22) feedback or inquiries about how to pay with cryptocurrency in in your with your device? So yes, there have been there have been inquiries and we have been sending them the link to the listing. Having said that, I think at internally at our end, we are focusing more on the B2B channels on basically conversations with with large organizations that have room for for bulk deployments.
(22:49) So, restaurant chains, cafes, hotels, we talking to we’re talking to utilities. We talking about how utilities can offer this to their subscribers on a on a monthly on a monthly payout system or mechanism. And that’s where the real interest is because this genuinely is a problem that that that is bothering people.
(23:11) I have I’ve been saying for the longest bad water is a poor man’s problem unfortunately because the rich are able to mitigate that problem by buying expensive packaged water but bad air is a rich man’s problem and and and and because nobody can escape it. So people are really concerned. People appreciate this intervention.
(23:33) They love the fact that there is do self good and do community good angle in this in this initiative. There is a genuine intent to give back. There is experience, expertise and execution skills that the initiative is backed by. So here’s here’s a venture which is not a green horn.
(23:55) It’s it’s fully mature, marinated and time- tested and proven. And that’s what is really holding us in goodstead. Yeah. Like you mentioned hotels and and certain big businesses. I haven’t I hadn’t thought of that actually, but that’s a pretty interesting way to channel the these I mean even hospitals hospitals are looking at this.
(24:14) I mean a the primary good is there’s clean air. The secondary good is there’s daily rewards and the tertiary good is clean water going to communities in the world. So there is it’s it’s it’s a no-brainer for for anybody who has who bears the intent to to on the client servicing side.
(24:35) So especially hospitality businesses or customer interaction businesses, they find this extremely attractive because like I said a while ago, air purifiers are were always considered to be an expense. Now it is an investment and that’s the big differentiator in mindset. Exactly. When you mentioned hospitals, a pretty weird question came up to my mind and I hope you don’t mind me asking it, but when you when you have something like COVID or an airborne virus disease, would this device be somehow able to to mitigate that or or Look, we’ll never claim we’ll never
(25:15) claim that COVID is what this will get rid of specifically, but what we will say is the the the the quantum of respiratory problems that in people are facing around the world is is basically the fundamental reason is bad air and there is more and more people getting into into nebulizing themselves periodically.
(25:37) There are more and more people who are facing bronchitis issues. There are more and more fe people going down the asta route and then there are anyways other issues that especially senior citizens have so that are being supported by medication. Now the fundamental point is if you don’t give yourself better air, if you don’t give your brain better oxygen or improved oxygen, you’re never going to allow the medication to kick in in its full potential.
(26:06) And that’s where this is becoming an extremely valuable intervention even in homes where there are senior citizens or there are newborn babies or young children. I mean people people want something like this now. I mean it’s the middle-aged category who believe they can brave it out though they need it as badly as the others.
(26:24) But just to give you an example just very recently one of India’s top federal ministers made a statement that if you live in Delhi for three days for 3 days you’ll catch on to an infection and if you live in Delhi over the long term you lose the last 10 years of your life as in your lifespan is shortened by 10 years. Wow.
(26:45) That is how bad air can be. And people have to understand that you can give yourself the best of nourishment, the best of food, you can give yourself the best of amenities to live off, but if you don’t solve your air, then how much of that is really working for you? Yes, exactly.
(27:05) Well, certainly a lot of health problems, not to say all health problems, stem from poor oxygen levels in the blood. And that and that is related to the quality of air that you’re breathing as well I imagine. So so this would be I mean even cancer cancer thrives on on poor oxygen blood levels to the internal organs. So having something like this would be a very valuable investment for your health too.
(27:29) Yeah I imagine that. Well yeah Jose air and water I mean we all made up of 65% water and we don’t we cannot live without air. So I think both in both cases these are life and so anything else any other issue is only a far second as compared to these two. But besides this this very direct and and and evident incentive.
(27:54) Can you can you talk to us a little bit about so so when people operate these devices they earn what do you call those bond points? Boon points. Yes. So in India they’re being called boond points. Boon in India means drop but otherwise they’re basically tokens. So they they they’re called boon points but they’re actually tokens.
(28:14) So you receive these tokens to your wallet and you could take them to a redemption platform or you can go to the exchange and you can basically swap it for USDT or you can basically go out and trade it on an exchange and monetize it. So all those options are being given. Obviously the good news is as the value of the token holds up or rises or fluctuates for that matter it can also go down but so do the value of your rewards.
(28:43) Therefore, there is always an incentive to stake your tokens to remain keep them in your wallet, hold them in your wallet, not be in a hurry to redeem them because over a period of time as we expand our operating footprint, as we expand the initiative, we we’re very bullish on the prospects of the token and that will basically mean better yield for the rewards that people have received. Okay.
(29:09) And are you able to exchange these tokens or I mean have they been launched to their mainet already? Not yet. So we have we we waiting to do so in in in in the next couple of months. We’ve got a lot of things going on on the back end. I think our smart contracts will be coming through in a day or two and then we’ll be basically so we are preparing for that.
(29:30) We we do understand and we have been advised and told that the sooner we list our token the the that’s when the entire rewards program will come up will will come real in terms of people’s confidence in the value of the tokens or the rewards that they receive. So we are working on that and you know very soon that information will be out. Exactly.
(29:49) Hopefully. And that that’s that’s a pretty big update. I I wasn’t aware of that. How far advanced was the token the tokconomics for your deepen project? Dr. Parag, have you had have you faced any hurdles delivering or or contracting these devices for for countries like USA or with all the tariff talk and all the uncertainty regarding that that topic? Well, no.
(30:19) I think as much as as much as the tariffs have given the world a scare, I personally strongly believe that it’s not going to be easy to implement them. They they’re already on a 90-day pause which kicked in 15 days ago. Likely that this pause may continue having because I mean nobody is going to cut their nose to spite their face.
(30:36) It’s it’s it’s very it’s very obvious that the the one the the one community that’s going to get penalized the most are the American citizens who will end up paying a lot more for the same things that they were getting previously. So it’s one thing to want to do something which we appreciate.
(30:53) We understand where that is coming from but I don’t think it’s going to be so easy to really change the to kind of impose a whole new world order upon all the countries in the world doing business with the US. So yes, one of our biggest one of our biggest conversations as we speak, I I obviously it’s not the right time to drop names, but is is with a very big utility that is talking about at least deploying a 100,000 devices into their subscriber network across the US.
(31:22) So the conversations continue. I think people continue to look forwards while keeping an eye on on other developments. But the we are very very confident that things will remain sane for all practical purposes. Yes. Hopefully sanity will prevail because like you said this is I mean this situation is not sustainable in the long or midterm and it’s it’s something it’s something facing it’s it’s one one other hurdle facing a a decentralized marketplace platform like ourselves because it complicates something that is already
(31:58) complicated enough which is the logistics and and delivery aspect of of sales. gap. No, it’s it’s it’s one thing to aspire to become a manufacturing hub overnight. It’s another I mean India is known as a services back end as a services provider to the world or the back end to the world.
(32:19) China is known as the manufacturer the factory of the world. There are I mean the so it’s not easy to kind of suddenly decide overnight to become the other versus what you are. It’s it’s a long it’s a long process. There’s a there’s an intensive process into that. Policies have to support it.
(32:37) People have to support it. Costs have to support it. There is a lot of shaping of policy that has to take place which can take a decade if not more. So I think yeah I think salary will prevail eventually. Exactly. I mean this is not something that just happens overnight. Especially I don’t know if you’ve ever heard of the Triffin dilemma which is basically what that that countries producing the world’s reserve currency tend to become in the end just producers of that reserve currency and all the manufacturer all the manufacturing goes
(33:13) elsewhere which is exactly what has happened. So you can’t just roll that back overnight and expect to to have all the manufacturing come back to your country because I mean just to that point Jose I don’t know I I think we’ve kind of veered off the main topic but I have to say this since we are talking or discussing economics the one currency that has really hardened in the last two months is the Swiss Frank if you please it’s it’s hardened by almost 20% versus the rest of the currencies of the world
(33:46) and no surprise I mean the only the biggest business model the Swiss have is is keeping money of the world and there is more there is more demand for that currency now because people are moving their funds there and that’s causing their currency value to go up that that tells me that Bitcoin will also go that way as well as gold of course gold is currently facing a a serious revaluation and exactly I think alternate alternate investment categories or alternate investment options alternatives are really now
(34:22) becoming mainstream and and you’re right I agree with you that Bitcoin is going to lead the charge look at it 94,000 plus I mean even then there’s people are not so excited yet in the sense it’s really going to be is surging ahead more than people can ever imagine and and with it will all will the prospects of all other initiatives that have a a a tangible able business model or a real world use case to it.
(34:48) That’s where we are very confident and very optimistic about the deep the prospects of deepen initiatives and especially if there is a contribution to human life and that’s what big water po is poised to do. Exactly. And going back on topic Dr. Barack and also speaking about monetary systems, have you guys tried approaching countries like Russia and maybe Venezuela and others I Iran I believe which are facing currently facing sanctions and have no access to to US dollars but could definitely profit from or or could definitely be
(35:27) able to buy your device through Hamsa which uses ascren. Yeah. So I mean we we have our logistics and our supply chain our shipping already set up for all these countries. We have not made any specific direct efforts into these but the one country we’re getting tremendous traction in and from is Nigeria and we felt pleasantly surprised and they’re they’re very keen on something like this.
(35:54) There are lots of engagements right now. We hope to be signing off several agreements with uh companies there for large scale deployment who wish to further deploy through individuals and into households. Foundations are taking a lot of interest. Charitable foundations are hugely interested in this model. So we working with a foundation for Cambodia that wishes to deploy this in 25,000 homes in in the villages that they’re operating in.
(36:22) And they say that what we’d like to do is share the rewards. So the foundation will get donors to invest in these devices, deploy them into households and then share the rewards between the beneficiary households, between the foundation and the donor. So it’s and that’s a that’s a great angle as I see it because it now makes CSR circular.
(36:47) It now allows people to basically get back their capital and re redeploy the capital for new initiatives and for more work. So yeah, it’s going to be pretty exciting as we see it going forward. Yes, that’s pretty exciting. And I imagine that will also drive up the demand for the Boone token, right? It will be more much more palatable and much more attractive to people worldwide if if they if if so many people begin using it and earning. That’s right.
(37:15) That’s right. That’s right. So it is an incremental process. It is a process by itself but I think at some point in time it it will just stand at that point of inflection or that or at that hockey stick moment where suddenly things will start to to crank up uh significantly. Dr.
(37:34) Parag and how how did you get involved? I mean Jal Jal is a is a is has been an institution a legacy company as you said focusing on delivering water in a sustainable manner. And how did you get involved with Deepen and the web 3 stuff? How how did that come about? Well, it wasn’t a flash in the pan thought.
(37:55) I’ve been I’ve been working on this personally for 3 years now trying to basically identify any synergies. I mean, there’s always been a huge bent of mine towards technology and adoption of technology. I’ve been known as a technology evangelist for the last 30 years now. But back in 1994, I introduced a technology in India called email if you please and those were dialup connections.
(38:18) We used to go sell connections in pairs because people didn’t know who to send a mail to because nobody had modems. And so we used to sell modems and email connections. So since then it’s been like a journey rich in technology and so coming to the last 3 years the web 3 was was I live in the UAE in Dubai. Obviously there are a lot of conversations here around web 3 crypto and then there was always this intrigue as to how can the web 2 cause be given an extension by creating a web 3 intervention that is actually not really
(38:53) a web 3 but a web 2.5 so to speak. So didn’t want to lose sight of the real world but always wanted to kind of create that extension through web 3. And this is where over 3 years I think even the the the crypto world has evolved deepen becoming mainstream which you rightly said was the def decentralized physical infrastructure.
(39:15) This basically caused created that final click if I can call it because inadvertently we realized that we are already deep in practitioners for over 10 years now through Janual and that’s exactly what we’ve been doing. So as the crypto world matured as that evolved and deepen became mainstream suddenly we realized that this was the way to go forward.
(39:41) And so we’ve we’ve had a few couple a few iterations in the past. They didn’t they seemed right, but they were not eventually worthy of being taken to rolled out. But this one clearly made the cut. So exactly. Yeah, that’s where I I remember I remember when when web 3 became a buzzword in the mainstream public.
(40:03) It it was mostly tied to NFTTS and stuff like that which to me I mean personally this is this is my personal opinion. It seemed like something so so frivolous. So so I don’t know how to put it kindly but I mean it didn’t seem to have any real world use to me. And even even then I was pretty critical of oh web 3 is just a buzz word and stuff but we’re talking about real world utility here.
(40:29) We’re talking about aligning incentives to work on on big problems such as in your case big water. I mean you’re aligning incentives in the web 3 world with environmental issues. And in our case we’re a web 3 company too. We’re aligning incentives with providing a service and and creating a bigger marketplaces for the community at large, for the world at large.
(40:52) I mean that that’s to me that now I understand that’s what web 3 is really about. That’s right. I think it’s taken it has its own journey 15 18 years now since since people first heard about about the pizza story of how pizza was traded for Bitcoin. But I think it takes about two decades for people to really understand the true potential and then unlock that.
(41:16) And I think we are there now. Deep indefinitely makes the cut. There’s got to be a real world use case. I mean even today there is no real world use case for the Bitcoin. It’s just an alternate investment instrument. But the moment it any initiative or any new initiative is backed by real world use cases, I think that’s when they will they will they will give themselves a better chance of surviving the test of time and being around even 5 7 10 years later. Yes.
(41:46) But but allow me to respectfully defer from your from what you said about Bitcoin not having any real world use cases. It does in countries where you where you can’t transact in in dollars or or any world currency. So that I mean that that’s and that’s great, right? I mean I I but the adoption I mean of course it’s it’s selective.
(42:07) It is still restricted to only those countries but it will it’ll evolve and that is exactly the point I’m making that once it becomes more and more universal then things will happen and and that’s where we are we are headed. Exactly. And how’s how do you see the Indian government headed in that direction in that in the cryp in their crypto policy because I I remember reading in an article about the the big water purify air purify device that you me it mentions all about the boon points but it’s kind of like a taboo in in
(42:39) India to to directly refer to crypto tokens and that is do you see that as changing in the in the near future? We hope it will change. I think the Indian government has taken a funny position here where they say that look we not we not we not approving or endorsing cryptocurrencies but if you make profits from trading in cryptocurrencies you’re liable to pay tax.
(43:07) So yeah to me I don’t understand that that position but having said that we are not trying to do that. They will I think in for the longest I think as global adoption goes up they will try and they will try and tow the line and they will fall in line. It might take more time but that said we understand obviously they want to regulate they want to keep everything on the regulatory side and keep money and minting of money in people’s hands.
(43:33) They want to keep a tight vigil on that keep control on that through the central bank. Obviously, this circumvents all of that and that can be a little unnerving if you’re trying to manage 1.4 billion people. So, credit to them for for their for their apprehensions. But having said that, it’s a matter of time is as is how I see it. Yes. To me, it seems inevitable.
(43:56) I mean, countries will governments will effect will eventually have to give in to that because it’s it’s unstoppable. It’s Yeah. I mean, yeah. If you don’t change then you will change. I mean you will see you will see the change anyways. So if the times are changing they they will they will need to fall in line to stay relevant otherwise I mean there are half of UAE is full of Indians and and half of those Indians are in in web 3 and cryptocurrencies.
(44:25) What they’ve got to understand is those who will those who will adopt it will do so irrespective of whether India allows it or not because Dr. We’re we’re nearing the end of our of our segment here. Do you have any any any announcements? Any any exciting upcoming announcements for big water and and and the air purifier? Yes, we have a few.
(44:49) We have a few, but I’m not going to I’m not going to try and jinx it by by speaking too early. But the one the one thing I can assure everyone here is that there are going to be some big significant announcements. We will we we are working extremely hard to like I said on our B2B channels at the moment there are individual procurements taking place encourage definitely encourage everyone to come on board get onto the website and get on to Hamza procure their device or their set of devices I mean look it’s not one per
(45:19) home it’s one per room so if you have a big home you need you need five six maybe 10 devices and so it’s time to think about it like that besides other things just get it in the welfare of your family. One way or the other, you there is a direct benefit. What you’re paying for is what you’re already getting. What you will get is is gravy.
(45:38) It’s it’s a silver lining and which will also come through. That’s that’s my submission here and would love to to come back very soon and give some real strong updates that are already executed upon and cast in stone. I’m looking forward to it already. And allow me to make a a suggestion.
(45:59) I don’t know if you can if if that is useful to you in any way, but have you guys considered making like a small ebook explaining all the advantages in detail of the air purifying device and what big water is and all the all the stuff we talked about in this decom talks putting it into a ebook format and maybe you can distribute this like for really inexpensively and through Hamza and that that’s a great idea.
(46:28) That’s a great idea. I think our social media is educating people on the hazards of of polluted air. We are telling people what are the sources of bad air, how everybody is faced with that situation irrespective of where in the world you live and but yes, what we could do what we would do well is to compile that into an ebook and just put it out there for people to kind of have a ready reckna or a reference something for reference.
(46:54) So yes, thank you for that suggestion. We kind of nudge our team to put that together. Yes. Because people hesit people people that that that are interested in your device and would be hesitant to purchase it could at least see refer to the book for more detailed informations and hopefully be convinced to make the purchase.
(47:13) And hopefully before April the 30th, which is when the promotion expires. Yes, absolutely. So, we’ll we’ll get cracking on that immediately. But I would so allow me to nudge you or urge you to extend that promotion period beyond the 30th of April if you can. Well, I am at your command, sir. So, after after we speak, we can we can change that. Yes, certainly. Yes. Yeah.
(47:38) So, yeah, I mean, exciting times, lots of lots of good things ahead. I think the next 90 days is going to be very very exciting, not only for Big Water, but also for the for the web 3 community at large. And it’s a good time to stay in plugged in. Stay plugged in and just keep yourself strapped up for the journey ahead.
(47:59) It’s going to be a it’s going to be a roller coaster for sure. It’s going to be a wild and exciting ride for sure. Well, Dr. Parag, it’s been a real pleasure to have you once again with us and I think we can pretty much conclude this decom talks number five. Hopefully we can have you again sometime to share with us some more exciting news and thank you for coming Dr. Barack.
(48:24) It’s been it’s been a real pleasure as I said thank you thank you Jose thank you an and thank you Mike thank you everyone else who who are here deeply appreciate the fact that you all take the time to be here it’s our pleasure it’s our pleasure Dr. Brag, thank you for having me. Thank you. And well, this about wraps it up.
(48:45) So, thanks to all all of you listeners to tuning in to our talks. And this will be on on YouTube, posted on YouTube soon. So, stay tuned and stay tuned to our YouTube channel and to our media social media networks for more news on Big Water and that initiative. So, thanks for coming. Thanks for listening and good day, good night, good evening, wherever in the world you find yourself.
(49:15) This is Jose from customer support signing off. Bye-bye. Thank you. Bye. [Music]