Christoph Jentzsch

And they give blockchain or its coin the real value.

We are doing Zlockit, which is focusing on building a decentralized sharing economy.

And in short, I would say we enable things to receive payments and to enter into complex agreements.

Let's take a very simple example.

This is a door lock.

There's a smart door lock and the owner of this door lock can now set a deposit and a price that allows anyone to pay to get in.

So we basically enable the door lock to receive payments and act on it.

Let's say open or close.

So that's what we basically do.

And this allows people to rent out stuff without meeting with each other or doing anything because it's all done with smart contracts on the blockchain.

Managing the payment and the renting contract.

Yes, we build this all on top of the public Ethereum chain.

We don't have tokens.

Yeah, so not every startup has their own token.

We are using currently just Ether as a payment.

Oh, okay.

Or every token based on top of Ethereum.

So eventually, if people accept it, you could also pay with tokens of another startup if you want to.

Got it.

But...