Bruno Delahaye on Neurochain's 2019 developments

0:25your show today thank you very much for attending you know let's let's start with a quick background of neurochain for those that are in the space that aren't familiar with the project and how you guys are able to compete with some of the other major blockchains yes so neurochain is the next generation of blockchain protocol it's been developed looking

0:47at what was the different flows and the issues that blockchain had in deploying the real economy so we've entirely ritten the code for a next generation of protocol based on int artificial intelligence it basically solves the main key issues that blockchain is running into when you're talking to manufacturing company for example which would be scale which would be energy

1:13consumption which be the ability to integrate complex processes and that basically requires fast and speed transactions all those components have been fully redeveloped and offer a brand new interface for a new generation of blockchain that's who we are that's great great little background so when did you guys start the project and I know you guys did some fundraising so

1:36maybe you guys can give some details on how much you guys raised and when you did that right so the project really started almost three years ago start with two Founders Bilal and Fred who are here with me here at CES who wrote what could be considered as s of the Bible of the next generation of blockchain so be entirely broken down all the concept

1:59of blockchain and looked at what had to be really rebuilt to achieve a next generation of blockchain something more more evolved more sophisticated at what ethereum can provide and provided in 2014 2018 was the time that was the right time for us to do it so we launched the project through an Ico which we've done in between 15th

2:26of March and 15th of April in 2018 we rate about 15,000 U ether at that time and you probably remember that at that time The Ether was about $600 or something so obviously was where it today it's a bit of a different ball game but we had basically structured the project for the worst in terms of context and economy so that allowed us to basically go

2:52through all the Milestones that we had committed in our white paper so the status of the project right now is we' delivered the test net in 31st of October we're now working to deliver our main net sometime at the End of This months probably mid FB would be the time where we'd be ready so although the context is difficult you know we're basically

3:17very much aligned with our Milestones that's great Bruno and I'm glad that you guys plann for the worst and have contingency plans you know on your road map and with the business plan because we saw you know the downtrend of the blockchain Market in 2018 and it looks like we're stabilizing now but you never know and that's why it's always good to have contingencies so how

3:40much was your guys road map affected by you know this the downturn in ether price after you raised and did you guys work on any hedging right it's good question so we've not made any compromise on the technical comment which is key because you know the next generation of blockchain requires a of technology and sophistication that just cannot be

4:03downgraded so from that standpoint we basically are on spot with our commitments what we had to change was basically the amount of marketing power the traction the hype that is necessary in our business obviously we cannot spend the same amount of money us being at CES is a big commitment to this industry but there's a lot of activities that we had to cut so sometime we have a

4:28we have a very Vibrant Community that is talking to us and so they keep asking for more and more and more and we'd love to give them more but sometimes it's just you know you know a business decisions that we had to make so no compromise in the technology what we had to do basically was planned which is that we have to going to finance the next steps of the

4:49project basically starting at the main Lounge by starting to use the reserve the reserve is a number of tokens that we had allocated from the Ico days to basically start funding the next steps and that's exactly what we're going to do so we're running out in the last miles of basically the first phase of the project from Financial standpoint we're counting our bullets

5:11we're firing every bullet and we' be reaching the maintenance Finish Line pretty much with our pockets empty to be honest but it's exactly what was planned so we're going basically now we're working with customers who are now willing to be embarked into pilot projects that are going to be funded Pomers and going to start to bring us some nice colors to our cash flow

5:32that's gonna be good that's great Bruno it's it's great to hear that you guys are still on Target and I'm excited for the mainnet launch and you mentioned you know you guys are at CES I'd like to know a little bit about you know the environment there it's one of the biggest electronic shows of the year why did you guys choose to go to CES what is it the right choice and do you

5:55see blockchain and crypto you know in there a lot or is it really just the big players still great Point we don't see a lot of blockchain players there's actually one out there which is a few blocks away from ours but very limited so that triggers the right question from you saying why are you there well the answer is pretty straightforward for us is

6:19we're not dedicated at specific like un gaming or financial applications only that will really box us into a small domain area of for blockchain can Del through the economy we're all coming from a technology background but also manufacturing background that's where I come from and I my everyday life is to work with the largest companies in the

6:45world and they are all around us in front of us is the ran boo behind us is the Samsung boo Sony and these guys have the real challenges of how to compete in the in the world today and they need to find new competitive weapons blockchain is one of them so they are coming to us saying yeah we need some of you guys some of your technology to try different CH so in a

7:12nutshel we're here because this economy this industry is going to start looking at blockchain as a weapon and being here for us was just an obvious thing to do yeah and I'm really great that you guys are representing you know the blockchain there and that there are at least a few blockchain companies there to represent so we'll see see how CES

7:302020 is I'm sure that the it could be drastically different as well so let's go back to naroch chain on the markets you guys mentioned that you guys have been tapping into the reserve a little bit I know that neurochain is already listed on some exchanges I believe who will be next system coin and idax I'm not sure if that one's complete yet could you touch a little bit on the

7:52exchanges sure so the three you just mentioned are correct we actually listed on idex as the last W this Monday so that was yesterday okay so we now have three we also wanted to have system coin because it's facilitates investment from the US which is not always easy when with who will be next which is a Chinese stock exchange yeah so or platform so this is not

8:22the end for us we are solicited by other exchanges to be honest some of them are coming with outrageous prices they still believe we are maybe one year ago and they're asking for you know 30 Bitcoin or 40 Bitcoins and it's just not gonna happen I mean these guys know that the market conditions have changed so we're looking for competitive but also

8:47real exchangers the one who really have real customers so the top three of top four I mean that's the one that we'll be targeting now we already have the third largest with h which I think is great m aax is one of the top 10 Exchange in the world so we think we have a very decent shot at having a nice way for our investors to be traded we're looking at the other one but I

9:12think it would be probably more interesting for us to do this after we've released the main net definitely yeah the one that everybody wants us to go stop was a b and everybody knows which one it is I'm not going to mention the name obviously these guys we have not even addressed any email to these guys and even want to do because we just want to

9:33do our job first which is to deliver the technology there I mean we'll have a conversation but at this point you know we just do our job deliver the Milestones deliver the road map and we'll see that's great yeah and I'm looking forward to the main net you said it's you know a month and a bit away it's coming up very quickly and the markets you know are sort of sideways

9:55right now so I think it's for the best as well you know to align that with your guys's release so that's great so did you guys do an airdrop of neurochain tokens as well to the investors I Heard a little bit about that maybe you could give some details and who is who was eligible for the airdrop yes we have a loyalty airdrop so this airdrop rewards our early

10:21investors the one who participated into the Ico days they may see the price today as a bit of a you know a slap in the face so we want to reward them for being loyal and holding their tokens and potentially buying more so we have an airdrop that every three months rewards all those who have at least the same amount and more from the days of the

10:45icco so for this last air drop which basically took place in 31st of December we looked at all of those who had basically bat more and kept the amount of tokens that had received during the Ico days and are going to divide amongst them so those the elgible one two million tokens and there's two more airdrops you know the next one is going to be the end of March the next

11:10one will be the end of June I believe and it's going to be even you're going to increase the number of tokens every time so basically being a loyal customers at on your chain means that you continuously receiving more tokens by basically staying in time the question that I often receive from our investors and the one who are receiving those airdrops is what will

11:34happen at the time of the main net well it will be very simple we'll be swapping basically the tokens the NCC erc20 tokens for the new generation of tokens and will make a one to one basically one one to one ratio to every of those tokens so nobody would have to suffer any issues with manage all this that's great that's great so you guys's main net is coming out in you

12:00know February sometime are you guys pretty much done are you guys pretty much done everything and you're working on testing now and then will the swap happen immediately after the main net is launched or what's the timeline look like in that section so we're not done with ever there's a few things that still need to be worked on one of the big Topic at

12:21this point in the project is security main mechanisms are in place mean the protocol the wallets the ability to browse I me all the Bots all this is done we've demonstrated the whole protocol on Raspberry which demonstrates the ability to really lower the energy consumption which I think is a great great show I mean for to $29 for device you can run

12:49an entire protocol if you look at what other blockchain have to put in line in terms of Hardware that's pretty amazing so that is done when will that be really deployed and so on well you have to understand that we will select a platform on which we'll make the exchange on the Swap and these platform usually requires a couple of months of stability after the release

13:15before they start trading it which you know I understand and I think is a great approach so potentially let's say if you're ready for the swap on February mid February that probably means there'll be another couple months after that before we actually Swap and let people trade which I think is for the benefit of our investors there's no point rushing this point you know

13:41and I think everybody would feel more secured if you're doing that way yeah yeah that makes sense Bruno awesome and in terms of applications on top of neurochain do you guys have projects that are lined up to have business applications right when the main Net's launched or what kind of applications are you anticipating to launched on neurochain yes so we are launching here

14:03at CES one application already which is called neurochain Tracer neurochain tracer was launched in our blockchain Paris trade show a couple months back and we are now physically launching it on the US L soil so that is an application that is a dealing with traceability so it could be stock traceability and it could be food Trace

14:30ability for those of you who are on our Vegas you can enjoy a demo and Fred and I recorded a video that we're going to post later that basically shows a little demo of the app so you know blockchain is exciting if you can see something otherwise it's just you know tech tech buzzword and doesn't really matter so we are going to show really what it does for one field which is very

14:52precise which is traceability food traceability and it helps in our conversations with is some of the customers that we have in China if you look at the partners that we have signed up they've all been signed up for benefits of those applications so sigf Fox is one of our big partner they provide basically an iot device that helps to deize and time stamp all the

15:16blockchain operations we've also worked on with other the protocols to demonstrate the inability between blockchains so one is a Chinese blockchain we've worked with a block as a service company more F labs in Singapore that helps basically the scale once you've got an entire blockchain protocol you need to be able to provide to your customers the to very quickly

15:40open a node enter your information in and basically take part in the whole process so all those Partnerships that you can see in our websites have been carefully designed for the sake of having business applications deployed and we'll start with a you know traceability DLT app but there's going to be more so that's what CS is for we are discussing with other industries

16:02that are willing to be embarked into a specification so more more to come once we have gone further in those discussions you know just the reveal for you in your show there's a lot happening in healthcare Healthcare is a big topic it's hyper regulated so it's a bit it's been a lot of Mind Bombs all around because you depending on who you're talking to and which country

16:26you're in there's a lot of rules but there's a ton of attention here so we're working with this company a startup company that is connected with a high high-end company that is working on Healthcare so it's a big topic more to come that's great Bruno good for you guys to already have tracer on the platform sounds like you guys have a lot

16:46of other Partnerships in the works as well so I'm excited to see how that flourishes and we should do another follow-up you know around mid-February end of February where we take a look at the main net and how the Partnerships are flourishing so are you guys looking for more people to get involved with neurochain and in what sections are you looking for and

17:06how can people reach out to you guys if they want to get involved with the project yeah so there's two types of contacts that we're looking for obviously we're looking for investors so investors means people who are interested in buying and trading our tokens that's pretty much obvious and you can you know happily buy our tokens on the different platforms that

17:25we talked about earlier then we're talking to basically potential customers so customers are anybody who's watching this and is involved in this company into a process good definition for 2019 in the next five years I can't see any IT director or VP of engineering that doesn't have the term blockchain in his slides anyway when he's presenting to his board they should be looking at

17:48us as the Next Generation blockchain protocol that should be looked at and what we do is we basically love to be contacted by those companies who are very well- defined processes that they need us to take a look at the team has a lot of industry expertise and understand quickly how to address those and what we do is we come back with either a pilot proposal or a full

18:12demonstration that they can basically take their board and show how blockchain takes them to another dimension or is a leap forward and the way they work operate so that's the kind of contact that we're looking at right now we already had some great touches this morning only so we hope that next four days can be even better awesome thank you Bruno that's all the time that we

18:31have this time best of luck at CES with neurochain and let's follow up mid-February where we see how the Main's doing and how the company's flourishing so good luck and see you next time great thank you was very nice to have you and hope to talk to you soon thank you bye bye guys