Governments Around The World Are About To Leverage Algorand ALGO To Solve The Water Problem...

Added: 2026-05-23

[00:00:00]I believe that water credit market can be already considered much bigger, more important than any other environmental market. I think that we are on verge of something really huge.

[00:00:15]>> Today's guest is Alan Turissi, co-founder and CTO of HyperCube, who pioneered one of the first blockchainbased water credit systems and now works with governments globally to turn reclaimed water into transparent digital assets. what the crisis could be that humanity is facing around water.

[00:00:30]Every material has its own price and its own market. Water on the other hand, we cannot invest in it. If nobody invests in it, then water runs out. What's the biggest problem today that you see facing water, water is an environmental problem that has health and environmental repercussions. But actually, if you look at the point of view of what you can do to solve it is a financial problem. You were trying to create a measurable market around reused and conserved water. Hyper tube introduced the world first offsetting system for water. Basically, we reward and incentivize virtuous behavior. How do you keep track of water? So, we have plants that have flow meters connected to our system. Every time a cubic meter has been restored, then we put a new water credit on the market. This I think is really interesting and you can see this being unbelievably impactful.

[00:01:26]Welcome back ladies and gentlemen to the All in Crypto podcast. I am your host Robert Pickering and today we are delighted to be joined by Alan Toresi the co-founder and CTO of HyperCube.

[00:01:40]HyperCube is building one of the first international water credit systems using realworld data, verified water reuse, and the Algrand blockchain infrastructure to turn every reclaimed cubic meter of water into a transparent digital asset. At a time when everyone is talking about AI, energy, and crypto markets, water may be one of the biggest risks still hiding in plain sight.

[00:02:08]Scarcity, pollution, drought and inefficient infrastructure are becoming real economic problems. So today we want to understand what HyperCube is building, why water credits matter, how Alran helps make the system secure and transparent, and whether blockchain can play a serious role in solving one of the most important resource challenges of our time. Hello Alan, welcome on board. How are you?

[00:02:35]>> Great. Thank you very much and thank you for having me. It's a pleasure and uh honor to be here with you. Thank you.

[00:02:42]>> The pleasure is truly all mine. This is what I'm very excited about because it tackles one of the most, if not the most important resource on our planet, water that most people take for granted. We were just having a bit of a conversation there off air about that. Let's maybe start by preferencing this conversation with what the crisis could be or potentially is that humanity is facing around water in your opinion.

[00:03:14]>> The main problem and this uh came come up in many conversations with stakeholders at different levels is that water is a special material so to speak.

[00:03:26]So uh every material has its own price and its own market. Um every gold does okay uh gold so deeply rooted in economic system tied to currencies and exchanges all over the world. I mean gold right don't explain and yet even gold has a price driven by supply and demand. Sometimes there's a war or some major event the stock market uh fluctuates a little bit moves around but it stays there. Okay, water on the other hand is strange. It costs very little generally speaking. Uh in some places it's even free. In other places maybe it's not free but it happens that nobody pays for it because it's seen as right.

[00:04:11]>> Yeah.

[00:04:12]>> And uh I more or less may agree with that in principle but still water is a material like no other. And unfortunately it can run out or we can lose control of it and that's when serious problem begin. An entrepreneur can invest in well basically anything because they expect a return of investment. Uh with water precisely because it's so central so important paradoxically we uh often cannot invest in it in a traditional way at least. It is managed by governments heavily subsidized almost never privatized and when it is it comes with a lot of string attached thousand constraints right so when scarcity scarcity may occur and and yet the the price stays more or less the same you may have a situation where you have a drought and yet the price of water stays almost the same that's that's That's that's not very logical, is it?

[00:05:18]And if nobody invested in alternative sources because it's not uh on on an entrepreneurial point of view efficient uh then water runs out and we have a problem and so we need to understand how central water is because it's you know it's the base of life and industrial and everything data center AI so it's very central and we need to really understand this the markets create efficiencies when they're allowed to do what they're supposed to. You know, if you have kind of one umpire over something as precious as water, the problem comes if there's any failures with that. And I think right now this is a really time to be have interesting time to be having this conversation. We see water become a focus in regards to the geopolitical situation in the Gulf. Certainly as we see infrastructure concerning water get threatened. If you look at that Gulf region, a lot of that those countries within the Gulf are actually major importers of water and if there was any issues there, you would see mass famine, mass drought. It would be a humanitarian crisis. And people don't really think about this. Certainly here in the West, we take it I I personally take it for granted. I drink water.

[00:06:36]>> We all do. We all do. Yeah. But we need to start thinking about this as a valuable resource in the same way that we do others. Certainly given that it literally for us as human beings is the most valuable resource. You know oxygen you can maybe put up there but but water's right there. What's the biggest problem today that you see facing water? Is it scarcity? Is it the fact that we're polluting water sources, waste? Or is it just bad infrastructure in general? You know, what's the biggest problem here?

[00:07:08]Well, um they they are all serious problems.

[00:07:13]>> Yeah.

[00:07:14]>> Um but it really depends on what you mean with problem. Meaning if you measure the problem in terms of deaths and health issues then it's pollution because we have a roughly 1 million death per year more or less directly linked to polluted water and uh about roughly two billion 2.2 billion people without drinkable water, clean water or let's say um safe water. Right? If you look uh on the other hand if you look at the number of people who are somehow uh touched by the water um a water problem in their daily life then is scarcity. uh we have around four billion people billion with a B that's facing problem related to uh drought or flooding which may occur in the same region not the same time of course it's seasonal but still so there are as you mentioned we have in infrastructure uh issues leakage lack of access uh even the simple fact that in some city you cannot just open the tap and trust what comes out of it. You may have in the same area drought and floods and flood a few months apart and I'm talking Europe meaning not some remote or rural region of some economically struggling country um in UK region where as the season change they face drought and after four months floodings. So >> uh if both ways they both are something that we need to uh address and they damage the population the infrastructure the biodiversity and so on. So uh there are a plenty of problem it depends the more dangerous the more um urgent is it depends on what you want to tackle first. Yeah, absolutely. Yeah, I think that was quite a loaded question because there's many different uh issues that face water depending on region, depending on depending on sort of the geographical locations of things and and the makeup, government, you know, economic activity that there's a whole load of variables there. Let's get into hyper cube. So, hyper cube is not just saying save water, you are trying to create a measurable market around reused and conserved water. Can we explain in simple terms what it is Hyper Cube actually does for the audience?

[00:10:03]>> Hyper cube introduced the fir the world first uh offsetting system for water resource offsetting is not something we invented. We took an established but old concept and adapted it in a way that is more transparent thanks and secure and modern and traceable. And this is thanks to the blockchain. We tried to create something that it just works for everyone without leaving too much space for speculation or shady initiatives and getting everyone involved.

[00:10:40]Basically, we reward and incentivize virtuous behavior. We help mainly government and institution uh to build awareness around the problem and reduce and control consumption and we create finance for new initiatives, plants, well dissalination facilities and so on.

[00:11:01]We aim to generate additional water especially where it is needed most. We aim to somehow balance every cubic meter consumed with another one generated from alternative sources and to do this we build this tech fintech system that uh allows everyone to cooperate around the world. Water is an environmental problem but it has a financial solution. So going back to your previous question, probably the main problem of water is the lack of finance because water has a lot of is an environmental problem that has health and environmental reperc repercussions in many areas. But actually if you look at the point of view of what you can do to solve it is a financial problem and it has a financial solution. For instance in Dubai they have indoors skysopes and water parks and they have plenty of water yet they are in the middle of the desert but they have money and when you have money and the the ability to manage it then water comes in a way or another. So uh what we doing is this we we are we created a fintech system blockchain system it's not only tech is a regulated we have government and institution and NOS's involved and um universities to create something that is uh a system reliable transparent and that can um involve everyone in a peer-to-peer way.

[00:12:46]>> Brilliant. and and and we're going to get into some of the issues that we've seen facing other markets in regards to greenwashing uh when it comes to credits. You know, the carbon markets been a big victim of that. How how we kind of get around that. I think for the audience, certainly myself, I' I'd really like to maybe um explore actually how we do this, you know, how do you keep track of water? And then sort of following on from that, I guess we can explore then how do you attach a price to that? You know, because this is very interesting. We talk about you'd mentioned the pri, you know, gold has a price as a resource that's valuable and and it's needed.

[00:13:25]Water is more so needed in in in for everybody in a in a far bigger scale.

[00:13:30]How do we attach that price? How do we make that price? Does the market do it?

[00:13:33]Let's maybe just start though before we get into that question um with how you guys are actually keeping track of water and kind of creating a tokenized asset out of it.

[00:13:45]>> First of all, a water credit is a trade a token. So a tradable unit representing a cubic meter of water of recovered or saved water compared to initial baseline.

[00:14:00]Uh for instance um if a virtuous company adds a water reuse plants to its uh factory let's say not because the laws forces it do so but because it voluntarily wants to reduce its water footprint yeah in in in that area because water is very local but we talk about it later. Um then for us every cubic meter of this um recovered water or saved water that's being saved let's say uh cleaned from the previous days waste water instead of being taken from the water supply system for us it generates water credit uh WTR token so we have plants of those virtuous company that has that have flow meters connected to our system through API and smart contract and so on. And so every time a cubic meter has been restored, again, not because the laws impose you to do so, then we put a new uh water credit on the market, then another company can use that water credit to mitigate its own um water impact. the money uh when when the company buys that water credit the money are used to buy um to first of all um reward the originator. So we have a virtuous company in our example and then it pays we we get keep a bit for the system and to sustain the the initiative and uh a a huge part is be is reinvested in new um facilities in new initiatives something that creates additional water in a sustainable way. for instance uh dissalination plants or wells near um more fragile more needy village and stuff like that. But it really depends on uh on the area because uh water is very very local. So one of the the thing that we need to address was how do we solve a lot of local problem with a global financial solution. that was uh one of the one of the problem we had to to face and >> fascinating we we we do see a similar thing with a sort of carbon credit market obviously it's done in a in a different kind of fashion but this I think is really interesting and you can see this being unbelievably impactful certainly in those areas that are not being very thoughtful when it comes to water usage and are suffering the consequences I mean there's regions out there across the world that really are just rinsing their uh sort of natural resources as far as water's concerned with no kind of plans to to to fix that issue. This seems like something that can absolutely work within those regions because there's a financial incentive. There's a kind of uh trackable, traceable, provable uh way to do this now, which I don't think there was previously. I mean, >> yeah, >> this is fascinating. So it seems to me just just to break it down in my own mind because this is a new topic for me that I'm tackling and I believe blockchains are going to underpin the world that we're moving towards. This is that's a good way of them.

[00:17:29]>> We couldn't have done it without blockchain >> and I definitely want to explore you know what you're doing with Alrand why Alrand um but to me it seems like if you're a company and you use water well what you can now do is you can implement your system so that you can generate credits if you reuse or sort of conserve that water that you can then sell if you wanted to on an open market. we'll talk about how that's done or or or or a market or you can reuse it yourself to offset the water usage that you're already doing. So, it's a way to kind of financially but also sure not everybody's going to do it for financial incentives. Some people just generally want to save the planet. You know, these kind of virtuous companies that you mentioned but but that that that you you you just got something that is very it's not the first thing that everybody think about, but you got it right. Some people some companies implemented water treatment facilities in their factories or whatsoever because they felt that was the right thing to do. Some other that are heavy water user figured out that with that plant in 10 years we can spend a little less on water because the government made us pay a little bit but we use a lot. So, in a few years, we'll be saving some money, but that's not quite enough because a water treatment plant costs a lot.

[00:18:54]>> Generally, for a normal factory, it's around the in the order of the hundreds of thousands. Often, often it's that that kind of range. So, sometimes it's like, you know what, we can do it the next year. Uh money is tight. Maybe we don't have the physical place to put those stuff in here. So it kind of if I have a direct e economic return >> for doing that investment now things change and now I use less water from the public system and people have more water especially in dry seasons because I have a plants that we use water and that is changing that that's how we incentivize that is changing What was the solution before this? Was there one? It seems like this is a very new concept, a very impactful concept that that definitely, you know, seems to be grown arms and legs and can really take off broadly and get widely adopted and and and and in doing so create this new market. But what were companies doing before this? I mean, it seems like you guys have really come up with a a solution to a major problem here because I I've not heard of companies I've heard of carbon credits and people offsetting things with this. Not so much water.

[00:20:16]>> As far as we know, we are the first global water offsetting system market. Before Hyper Cube companies weren't, they just were not doing that. Some of them had plans.

[00:20:34]Uh I would say because they cared about the environment, but sadly uh is it was because they want to save money on the purchase of public water. But sadly I mean they are companies they uh profit is the the focus. If I can do something good for the environment on the way uh to to profit then that's welcome but profit is still the the thing that moves uh almost everything. So we we figured out that we needed something that was profitable free for that. That's an important thing. Uh we want we wanted a system that was free both for the originators so the virtuous company >> Yep.

[00:21:24]>> and both for the government and institution that decide to uh use it and make it uh allow so um or a regulation or a framework or something. So um because every time you touch the wallet of people and I'm not meaning wallet as in blockchain.

[00:21:47]>> Yeah.

[00:21:47]>> Where everything you you touch people money and company money you generate uh friction. So we wanted a frictionless system. You are virtuous.

[00:21:59]You're going to earn money. You're a government. You implement this. You don't have to spend anything. We do the investment up front. On the other hand, if you are heavy water user and maybe you wanted to you would like to create a water treatment plant in your facilities but then it's it's too expensive or you don't have the the physical place to to put it or again it's something that you have to wrap your head around. You have to organize.

[00:22:34]You have to call uh suppliers. You have to it becomes something look I need to work if my company produces this. I need to think about glasses. I don't need to think about treatment plants. Come on.

[00:22:50]So friction was something that was a problem. If you have a way to somehow reduce or do something to create additional water to invest in something to do something good then you have a way a frictionless way. There are a lot of better ways of course but something is better than none and we saw a lot of situation where they spent years years to thinking about the best way to do and in the meantime they did nothing.

[00:23:28]So let's start to do something. Let's start to help. Let's start to replenish basins. Let's start to uh dig wells. the rest start to let's start to build the dalination plans then we going to perfect it that's how we see the the problem >> let's talk about where this is kind of taking place I know on your website you're across sort of six countries >> yes >> um you know there's there's 26 sources at the moment let's talk a little bit about where you're seeing this impact right now and and and and some people perhaps that you're working with that are using it we don't need to go into you know specific company and details and but just the kind of companies that are using this and then we'll talk about where because I can certainly see this having unbelievable impact not just in the developed world but certainly the developing because there's now that kind of incentive to to to to get on board with this but let's tackle where this is currently taking place today and and and and where you're seeing that interest in regards to the real world. Well actually we have originators in six country and uh way more on the yeah in the pipeline in the next let's say 6 to 9 months we are talking actually currently with like 20 plus government >> wow >> um we have very heavy NDAs about that because of course politics and stuff they are very very strict so I want uh main names but a lot and and that's actually a a great news.

[00:25:02]>> Yes.

[00:25:02]>> Uh because mostly of our originator where well they are very different. Uh we have some um uh steel production facilities. We have some water treatment plant itself. So uh public water treatment plants. We have um a few desalination plant that um are used to give water to the to the to the neighbor where they are especially in very dry regions. Uh so where they don't have maybe little islands where they don't have rivers or yeah they have rainfall when when it is uh we also have a few rainwater collecting facilities. So it really depends. is very different. It depends where where you are. Um in in Italy, we have a very huge steel company in a region where water is not a where water scarcity is not a problem.

[00:26:07]But then they had few months ago like the last year and the year before during the summer Italy is not a dry area especially the north where those industry are but yet in the summer it can happen that maybe a lot of tourists uh little to no rainfall and if you have a steel company you use a use a gazillion ion of cubic meter of water per day. So they rightly think to put a water treatment facility there. And then we have we we had something that was very interesting that is other steel company.

[00:26:56]We had other steel company implementing investing like five or six thousand hundreds of thousand euros to put water treatment in place just to be able to tap to this system. So beside of the money we reinvest in new water in additional water facilities, we had an impact.

[00:27:26]>> We had an industry that wasn't using water reuse before that invested like if I'm wrong 600,000s of euros to put one in place.

[00:27:42]>> Wow.

[00:27:43]And that that uh company use like I guess it's 20 to 30,000 cubic meter of water per day.

[00:27:53]>> Wow.

[00:27:54]>> Or 30 billion liter per day. It's a lot.

[00:27:58]30 million liter per day. That that's a lot. And that water especially during the summer means more water for agriculture.

[00:28:09]Because if you don't have water for agriculture, look, if you go to your shower, you open the tap and >> almost nothing comes out, >> that's bad. But when you don't have the water for the crops, that's very very bad. Very bad. So that is something that we saw we had an impact and we are very proud of that and we just we just began.

[00:28:33]>> Yeah. No, no, this is this is fascinating. very much a a real solution to a real problem.

[00:28:39]Very much the first, very much pioneering this. Um, you know, it's something that I'm unbelievably excited to see how this sort of all comes about and grows and and and for me, you know, it just makes sense. Uh, it does make a lot of sense. Um, sort of sat here talking with you about this. Let's talk about the kind of tokenized product here on on the back end of this impact that's incentivizing it that's that's tracking and sort of tracing it and and and bringing water to the markets in this really fresh way, pardon the pun. Um, you know, how does the actual tokenization and kind of assetization take place and then how how do you kind of create a market around that? To me that seems like another problem that you've got to solve on top of the one you're already solving, you know.

[00:29:28]>> Well, the tokenization begins with the uh virtuous company like in in the in the example we we made before the virtuous company that decide to uh put in place a water treatment um system, water treatment plant. Um so if that company wants to became an originator yet it has to go through a certain number of checks before and and during the production during the tokenization.

[00:29:58]>> Yeah.

[00:29:59]>> First we carry out a due diligence on the company and on the plans we call the company originators and the plans we call it sources. So we carry out due diligence on the originator and on the source. Then there is a um thirdparty audit carried out by global leaders in the sector and they firstly perform a document audit and then a physical audit. So they go personally to the plant to verify that everything matches the documentation and that everything is in order that uh everything as it is is as it is expected to be. Uh after that uh the plants start to send data uh to our systems and to the blockchain.

[00:30:50]So um every measured data so they have flow meters that measures look another cubic meter has been treated has been cleaned let's say so uh that data goes through several layers of control. We have a mathematical and statistical models, algorithmical as well as additional ai control layer to make sure that data being submitted are correct.

[00:31:22]On top of that, every so often either randomly or when certain condition are matched um or when a certain amount of um water has been treated, uh new audits are deployed and every every source for us is a a wallet on the blockchain and every data point is notorized through a transaction uh with transaction on the blockchain. Every step, every document, every decision from every user has its own equivalent on the blockchain. Everything is traceable for us. Transparency is an essential value and it's something that um really different differentiated the water offsetting system uh that we we rolled out from the carbon credit market. Let's see.

[00:32:22]way less transparent, way less traceable. We wanted transparency and traceability by design. That the way we wanted >> I've seen unbelievable issues with the carbon credit market from everything from forests that just don't exist to all kinds of horrific things and and in that market. You know, we speak to quite a few carbon credit issuers. They're now looking to utilize DT to sort of solve some of those problems as you've been very sort of firstooted on in regards to implementation. The WTR token I think is what these credits are represented by.

[00:33:00]>> Yes.

[00:33:01]>> How does the price mechanism on these work? Just on your website at the moment you've got a $319 price per WTR primary.

[00:33:11]That's the sort of primary price right now. How does that price mechanism work?

[00:33:14]Is that a kind of free market thing? I just just curious about that. And I guess do people buy this to invest in if they wanted to? Not that you know we're suggesting people should, but is that an option?

[00:33:25]>> Some leader some leader. Well, uh we hyper cube is the primary issuer.

[00:33:31]>> Yeah. But then when you buy when you buy the WTR token in that moment your money already paid the share for the originator for us and for the new investment in new uh in additional water facilities but then you have this token.

[00:33:54]By now this token is just like any other crypto coin. You can sell it, you can keep it, or and that's the main purpose of the WTR token, you can uh retire it um in exchange of an um an environmental credit. Okay? Uh that represent the amount of water of your to. So one token is one cubic meter. If you retire 10 token, you will receive a certification for 10 cubic meter. And that retire of course it happens on the blockchain. And um it has a lot of data. It it comes with a lot of data as not just a number.

[00:34:44]And so you receive certificate that you can use in your uh environmental uh balance sheet. So, but in the first at beginning at the beginning when you buy the WTR token, you have a token like any other and so you can sell to a friend or a customer or you can sell to um supplier because you want your supply chain to be more water sustainable. Okay, you want to um abate your uh water footprint. So maybe you did everything in your power to abate your um water footprint, but yet you have suppliers that maybe are not that conscious. So what you can do as a as a client as a with with a power position let's say you can tell to your to your um suppliers look I need you to be a little bit more water efficient or uh I would like you to put in place some water treatment facilities or at least you can buy some um tokens and retire them to at least have some sort of beneficial impact on the world because if I spend a certain amount of money, not talking about $3 of course, but if I spend a certain amount of money, that money will be spent first of all, they will reward virtuous people that will be incentivized to continue to do so and will incentivize other to do the same. But and the other part of the money will be spent on additional initiatives such as wells, such as water dissolination facilities such as like we are doing in um the Tigria region with Oxfam, water, solar powered water pumps for agriculture to give to a region that has been damaged by the war of 2022 the a way to do agriculture again to water their crops. So even if it's not the the first you should do to lower your water impact, you should take a serious and impactful like creating a water treatment uh facility or something like that. But if you cannot do that or you have a little money to to invest on it, water credits are are a good way. Are they are they the best way?

[00:37:25]No. But they are available now. They have impact now. They are changing things now. Then if you want to put in place a water treatment plant, be my guest. Do it. And we'll give you money.

[00:37:38]So everybody's happy. The world is happy. You are happy. I'm happy. But uh until that day, doing something is way better than doing nothing. Um sorry, I didn't answer about the price. Um actually the the price comes from public exchange that and we just we don't we didn't want to have a we didn't want to decide the price.

[00:38:02]>> Yeah, of course.

[00:38:03]>> So we just took a public exchange uh that wasn't too um too prone to speculators and aggressive invest like that. and just let the market do the price. We started at $2 and we are now and now at 3 something.

[00:38:28]We hit uh we hit at 3.6 if I recalling correctly.

[00:38:34]>> 3.7 yeah I saw when I was checking the website earlier which is I think the sort of free market element of this >> is really the incentive mechanism for sure. Yeah. We don't want to to make a price. The market should do it for sure.

[00:38:50]>> It's it's often. So >> yeah. Yeah. Absolutely. And and Algrand Algrand is a blockchain we've been following for a long time.

[00:39:00]It's my belief that sort of DTS are going to underpin the world that we're moving towards. Yes, we're in many cases when it comes to crypto talking about financial instruments. But you've got these kind of ledgers that can act as the truth um which is very valuable.

[00:39:14]Everything in life is kind of truthbased or or trust based I should say probably to correctly put it. What made Alan the sort of right choice for you guys as far as your infrastructure was concerned?

[00:39:28]>> First of all, I'm a bit of a Algorand fanboy. Me too. used um way before this project and Algorand was an obvious choice for us uh for a few reasons um for several reasons. Uh first of all it it is the only carbon negative blockchain out there or at least when we choose Algrand it was the only one maybe there's another one now but I don't know. So for an an environmental product like Hyper Cube, it made sense.

[00:40:03]On top of that, it's fast.

[00:40:06]>> Yeah.

[00:40:06]>> So if you are using a blockchain in a real world product, you can't expect people to just sit there, sit back and wait till the transaction.

[00:40:23]That that just doesn't work. So it's faster. It's extremely low in transaction costs. Again, if I have a business plan and I have to guess what will be my uh expenses on blockchain um fees. Uh I look I work with um several years ago with Ethereum Ethereum for instance uh like everybody did >> of course >> and one day it was $3 a week later was $17 for a transaction. I can do a business plan with with something like that plus it was slow as hell. No. Uh in Alber I found everything was at maxed out. So it was very fast, very efficient in term in terms of fee and um it was it also the technological feature that specific technological feature that was really amazing and without with we couldn't do a hyper cube. Okay, to be frank um such as a group transaction, such as a multi-ign has some such as that's bananel but notes in the transaction in a transaction a note field it's wildly useful for us for a lot of project we we we made even before hyper cube that's not our first rodeo of course hyper cube >> uh so all of those things yes you have another blockchain it has a note field even bigger here. Nice. Another blockchain that is even faster. Another blockchain that has even less fee. I don't know. Probably there is one uh another blockchain that has a better I don't know group transaction. But we have all of this stuff in one place and everything worked amazingly at at at day one. Uh we had um ASA the Iron standard asset on the on the protocol level. that that was a to me was something amazing.

[00:42:30]So um the entering barrier was that the learning curve was very very low and uh it was amazing to me to me Algorand and this is something uh um this is an opinion that's shared among a few of my uh colleague in other company Algorand is a go-to choice for real stuff plus um Algrand has it is a bit Maybe boring for a speculator, for a aggressive investor or something like that, but it is amazing for governments and institutions and real world company that wants to use a real world blockchain, a public blockchain, a permissionless because it has no speculators and aggressive whales that move the price all around in the same day. It make make it makes it preventable and uh you can you can trust it's reliable you can trust that the the system so that's why that's why we we we we are in love with uh with Algorand and uh we we we re we received uh in the in the past year or so we received a couple of insane offer to switch to other blockchain.

[00:44:00]We're talking millions to switch to another blockchain.

[00:44:04]>> But honestly, I'm not interested in uh leaving something that works so well for I'm not in for the money.

[00:44:17]>> Yeah.

[00:44:19]Plus, I I need to add a little a little thing that a little a little bit of Italian proudness because as one knows was uh founded by Sylvio Mikalli.

[00:44:30]>> Yeah.

[00:44:31]>> Which funny story I also met way before the the the rising of Algorand of or of any other blockchain for the matter. Uh I met him like in 2008 I guess or nine or seven round was here in um in MIT because a friend of mine introduced me to S Mali and um I was uh very honored to meet him because he was the first the first and only uh touring prize winner Italian prize winner. So I was amazed by by the man. So as as as a developer, yeah, I I really I I was really honored to to to met him. Little know little little I knew that few years after I would uh uh married the technology they invented. So >> yeah. Yeah. No, no, we we absolutely love Alrand as well and totally echo a lot of the the the points that you make there about the the the the blockchain.

[00:45:36]It it's fit for purpose. It's fit for that kind of real world adoption. Um, in regards to let's talk about scale as it relates to these water credits.

[00:45:46]Who do you think needs to move first to enable that? You mentioned that you're in talks with governments. Is it governments? Is it utilities? Is it corporations, banks or investors? Or is it all of these need to move together to get that kind of scale and broader impact that this technology can uh have this product can have on the world?

[00:46:07]Water credits are a system that benefits or aim to benefit everyone. Obviously, it's free for government as I said and for regulator to set up and and it actually bring finance. I'd say it's easier for them, but it benefits really everyone. Of course, bank, government and institution in general um as they are already doing can they can provide an exceptional push. The voluntary market is welcome but the regulated market is the one that generate the biggest changes.

[00:46:43]>> Yeah.

[00:46:44]>> And but often one brings the other as as as a bottomup push. uh if the first is the voluntary market that push the regulatory as a bottom up movement or the other way around if you have a regulated market then some people will come up and adhere to the to the standard with a voluntary with some voluntary initiatives. Uh so companies become more careful about consumption.

[00:47:22]If there is a low they deploy solution to mitigate it and uh realize coming back to the first question that even um the water is always central. So even if this its economical value is measured more when it's missing than when it's available. Uh if you have um a country where you start with a voluntary market then becomes a regulatory a regulated market and then you have other voluntary initiative that get together with get along with with the regulated one. Then you created first of all um consciousness because it's a low so I'm forced to put my head and my money on that and then I I start to as you said we give water for granted.

[00:48:23]>> Yeah.

[00:48:23]>> But it's not and when I'm forced to put my head on it because there is a a regulation I have to pay something. I have to take initiative. Then I start to look at water in a different way. It start to become something that I need to be careful about. I need to be conscious of and I need to um start to treat more respectful generally speaking.

[00:48:50]>> Agreed. Yeah. I think there's a kind of coalition that needs to take place in regards to the users, the overseers, the umpires of water and how it's currently used. If we're to look sort of 10 years is a long time to predict certainly with the world in the kind of state that it is today but if we're to talk sort of 5 10 years from now where do you see hyper cube you know what kind of role do you think you're having as it relates to the world and how do you see water credits sort of impacting the world as we know Uh I believe that um water it's a problem that is we really to we really really need to address the problem as soon as possible.

[00:49:43]>> Um it's a problem that I wouldn't say it's bigger but it's certainly more urgent than let's say CO2 in certain in many areas. I believe that water credit market can be already considered much bigger, more important and more deeply felt than any other environmental market. It's just temporary inexpressed unexpressed because we just started but by its nature it's a way more important matter is a way more urgent. It made uh like like we said 1 million death per year and create problem for two to three billion people per year. So it's already a very very important matter. So, so I guess that in 10 year it will be the first environmental not issue I hope but matter that will be discussed invested and u uh looked by ma all the government institution NOS's and major companies as they are already doing there are a lot of initiatives around but there are all local or they present some major structural problem like uh conflict of interests and stuff like that. So actually the water credit market has already reached the level that the carbon credit market uh reached after let's say five to 10 years more or less give or take give or take but I think that uh we are on the verge of something really huge really huge and that's why uh because this thing is not look We had other companies before. This is not our first uh um company and not our first rodeo but we never seen anything like that. We have 20 plus government we are working with >> and the thing is it's inbound.

[00:52:12]>> Yep.

[00:52:13]>> We have world level companies that's putting their head around water credits with hyper cube. Usually this doesn't happen for a Swiss company.

[00:52:25]>> Yeah.

[00:52:25]>> Uh it happens if you are a Silicon Valley company founded by both uh Elon Musk and Bill Gates. So uh everybody will look with interest at you. I never seen anything like this even in movies.

[00:52:41]I never seen anything like this. So I think that the momentum we are gaining will be expressed within the next year and we'll see uh real impact for people very very soon. We are already doing it but on I meaning on a on a more vast scale. So stay tuned because I think that water will gain the respect and attention it always always uh uh needed.

[00:53:19]>> Fascinating. You can really see Hyper Cube snowballing. Um such an important issue, such a genius solution. Um you know, you can see these things coming together and having a real world impact.

[00:53:30]And I'm certainly very excited to see how all of this progresses, how this sort of comes to market and and sort of takes that center stage. You know, when we talk about other markets around credits, environmental credits, they're very much at the forefront.

[00:53:45]Water seems to have not taken that kind of president. It seems that you guys are bringing that to the table. Um I'm certainly very excited to see how this has a real world impact, an economical impact um you know in every other uh which um way. Alan, the last thing for me to do, thank you very much for your time. We're going to leave links to where people can find you in the description where they can find the company. Is there anywhere you're dying to send people? I will say that I hope that uh everyone will take Hyper Cube as an excuse to put their head on water.

[00:54:21]Hyper cube is just a a sprout that has born from a a ground that it's is there for everyone. Uh we all need to look into water in general from our consumer habits to the water the world around us because it's something that it's about every one of us. Every one of us we are made of water.

[00:54:49]>> Yeah.

[00:54:51]>> Yeah. No, absolutely. Very important issue, very important topic. Genius solution. We believe DTS are going to underpin the world and play a very important role. You're a kind of living example of that and we wish you nothing but success. Alan, thank you very much for your time. It's been an absolute pleasure.

[00:55:06]>> Thank you. Thank you. Say it for me.