[Applause]
I’m often told that the internet is a
bubbling place of innovation me I
am more and more embarrassed by this
idea
I have the impression that the internet is
more and more stuck somehow
that the machine has stopped
how long have we not been
saw the emergence of a new major players in
digital capable of endangering
the big technological leaders
current in the decade 2000 we saw
appear facebook and twitter at the end
of the decade were born in butter the
blaquart airbnb but since 2010 nothing
upsetting and here we come to the end the
decade and we’re still going nothing
appear
why because technology has
never was so focused and because
that especially there is a concentration of
innovation capabilities in the hands of
a few companies a figure among
others today google and facebook
99% of the growth of
online advertising
99% the problem is that this
concentration
it is likely to get worse with the
development of intelligence
artificial where there is the ia is all
stronger than it is fed data
gold in data
the digital giants are the kings
so let’s ask ourselves the question
technologically the victory of the giants
of the digital whether they are American or
Asian
by the way marc such the end of
history in other words France and
europe have they lost the battle
in the internet
I think that
indeed it is possible that we have
lost this battle but battles
there will be others and there are some
just a news looms
the horizon
this battle she is carried by a
technology that promises to end with
the centralization of the web
this technology is the one that has
allowed the emergence of crypto currency
like bitcoin it’s called the
block chain block chain that allows
to solve an obstacle
something that was not possible
so far exchange on the internet of
the peer-to-peer value
that is from one individual to another
without going through a central authority
I take an example today if I
will send a file a song a
word document to a friend on the internet in
do I do not see this cliché I’ll
send a copy
this file and I keep the original
on my computer
the problem is that it’s not
viable for what is based on
their scarcity
if I send a euro a friend and I
keeps this euro the euro and loses its
value
so internet as it is designed
prevents being able to send value
peer-to-peer without going through a
central authority
it is this fundamental problem that resolves
the block chain and the example
application most known these exchanges
bitcoin from a person to a
nobody b without going through any
third and without even needing a
bank account what to remember
than two billion people on
this planet do not have an account
banking at the heart of this technology
there is an essential notion this is the
decentralization then the
decentralization it’s a notion that
jostling us a priori certainty
may wonder
how is a central system a
system can work without authority
central precisely for example how
a monetary system can work
without banks so decentralization
it’s a paradigm shift
radical but in fact it’s extremely
natural when we study the big
complex systems of the world
the brain the forest etc
we realize that most of these
systems are based on a
intelligence or authority that is
decentralized and internet
originally was based on this principle
so the decentralization of bio
tchane will allow to come back to
the original spirit of the internet and especially
she will open perspectives
considerable
what is being played is nothing less than
new web in this web decentralize
the rules of the digital economy
classic that based on the
centralization are jostled take a
example today to finance itself
a start-up must convince funds
of venture capital that will finance its
development in the decentralized web
a start-up may call on a
multitude of Internet users who will come
injected not from the euro or the dollar
but crypto currency for start
up
it will allow access to
much more egalitarian funding a
start up in africa to raise as much
million a start up in the silicon
valley and netizens them what
that they come there not win as
today shares of the company
is what is called a token a tokens
in French so what is it
tokyo a token it’s a digital asset
that we can transfer and not copy
another individual on the internet
instantly without going through a
central authority the bitcoin is the
first document that was created in 2009
a big h
token is that they are exchangeable
in real time with anyone on
platforms but especially the token it goes
allow one thing to its holder
able to use the service that will be
developed by the start up
I take an example right now
while I speak to you I do not use
not my smartphone or computer and
this smartphone
this machine they called the
computing power ie
this power it allows to do
turn apps
and well actually there is a project that
is called golem which will allow to
sell the computing power of us
appears electronic while we do not
do not use them in exchange we will
to receive so-called fools
Golem is against topiaries
golem we will be able to buy the
computing power at lower cost this
which could for example be extremely
practice for medical research or
many other golem apps
this is an example among hundreds
others with the token we can
consider considerable things by
example we can consider the fact that
the token changes the very notion of
start up
today it is about with the
startups to focus value within
a decentralized entity with the token
it will be a question of sharing this value with
within a decentralized organization
between rate holders kent se
share this so well over arms
fair and also so much more
smart because everyone will have
economic interest in growing
the project why because doing
to grow the project would mean to do
grow the value of the token we can
exchange instantly with anyone
who on platforms
another advantage since the organization
is decentralized
his creator is no longer the master
absolute unlike the web giant
they will not control it anymore control them
data of its users
we will not have a facebook that can
change its features or its
general conditions of the day at
next day so in fact the
decentralization allowed by the doctrine
it’s a huge asset where everyone can
seize internet
it allowed to decentralize
information with internet
anyone can publish and exchange
the information he wants from the world
whole instantly without asking the
permission to whoever the token and the
block shine that will allow to
decentralize value anyone
will be able to create and exchange value
with anyone instantly without
ask permission to anyone then
maybe you say to yourself
this token story is a bit of
gibberish
if I tell you about it today it’s
because thousands of people advance in
this moment on these issues and we do not
do not expect us in France there is
bubbling around the world
an intellectual bubbling
technological that is absolutely
fascinating about these topics and it’s for
that I decided to create my own
company a few years ago in this
sector in 1995 only 30 million
people were using internet the
most investors were very
skeptics
today when I talk about blocks
shine and crypto currency I fall
also on a lot of skepticism
first I’m told that it’s very
complicated to use and it’s true
but internet too it was very hard to
use in the 90s it was a
geek thing
the interfaces she was very ugly to
step and e-bay in 98 you’re going to have
experience
it’s pretty staggering actually in
2000s the entrepreneurs they have
understood that what mattered was
the user experience and from
they worked that internet started
to develop so this argument the
difficulty of use
it’s an argument that only
provisional then we say yes but the
crypto currency is a gigantic
internet bubble also knew his bubble that
did not prevent develop because
that there was a real technology
promising
behind it is the same with the good
dear so maybe you said ok very
well but if we can avoid the bubble
maybe it’s better not actually
necessarily there is an economist who
is called carlotta perez who studied
all technological innovations
since the industrial era
these conclusions they are very clear
very often the bubbles is the engine
technology adoption
why because in fact the capital
financial it will be used to finance the
different technical offenses that
is very expensive so the bubbles that a
utility is even essential in the
innovation development
technological then at this stage tells you
maybe ok very well she problem
fundamental is that crypto currency
it’s useless we talk about something that
makes sense and change the world
we can not even pay for his coffee with and
it’s true you can not pay for your coffee
but what you have to see is that it’s
maybe not done for that today
hide it the bank card it works
already very well actually crypto
currency it’s mostly going to create new
uses
these examples of gaulle n which I spoke
just now there will be some
hundreds of others including the 90’s
people will not see very well
what was the internet going for
concretely and honestly in 95
who would have bet on the fifteen emergence
years later Humber of airbnb of
blabla heart etc
not many people it’s the same thing with
block it all is to invent
that’s what’s fascinating and
exciting
my belief is that we will not beat
the digital giants on their own
field one must invest the ground of
tomorrow but what we need above all
not to do is to repeat the error
monumental from the internet minitel would have
had to be french it’s a researcher
French louis pouzin comes to brag about
the beginnings of the protocol tcp ip was to
the internet origin but the government
French convinced that the future was
in the minitel and not in
the internet decided to cut the
EU grants making results
these works were taken over by two
American researchers who then
developed what became internet
this arrogance there it cost us
very expensive and we still pay
today the price so let’s not miss
the new battle is not doomed
always have a train late in
russia poutine met the founder
a block most chains
important and therion he understood
that there was a strategic interest
in this technology and we in France
we pride ourselves on wanting to be a leader
in breaking innovation it’s not
that he say our miss of the economy and
what does it mean to want to be
leader in breakthrough innovation
for me that would mean it should
involve two things the first is
understand that the method counts
least as much as the money you put into it
it’s not just putting 10 billion
11 a fund for innovation from
break that counts is where we get them
puts in the case of good food that he
must know is that innovation does not
not create in the universities they do not
is not created in research labs
was not created either in the
large companies
it is created in communities of
developers and it’s very different
the second thing to understand is that
become a leader in an innovation of
breaking
his request to make bets is so
to take risks
we talk a lot about intelligence
artificial
today but it’s more of a bet
artificial intelligence
we know
it must be it’s going to become a big
technologies of the future it was before
when it was not even when it was
still a bet that had to be put
most consequent means
today it’s very late to become
leader the problem is that in France
we often some delay in rab
ignition on innovation
for example, it took a lot of time to
believe in computing at the beginning we
heard that it was fashionable and
that it was going to happen
in 85 at polytechnic the question was
yet to know whether to teach
computing
then once it became more
obvious that computing was going to be
must have arrived
this thing called internet on
did not know if it was serious or
not that thing so the government of
the time commissioned a report for himself
make an idea
conclusion of the report submitted in 1994
internet 1 is not suitable for providing
commercial services 2 will only become
surely not the digital network of
reference at the same time
jeff bezos launched amazon happily he
there is still two good news the
first is that we have all the talents
in France to succeed
we have engineers of high quality
has cryptographers and mathematicians
which are recognized worldwide
we have great creative talent you
know that the iphone was invented by a
french jean marie hullot was
debauchee of inria by steve jobs and
who worked in secret for four
years in Paris on the iphone so the
talents them to the second good news
is that the digital giants have
not their place in the world the other
chain
why because all their business
model is based on centralization
so it’s the opposite that’s why
my belief is that these two
new actors that will emerge with
new rules of news
strategies and new jobs too
how to emerge economists from the token
specialized lawyer in encrypting manet etc
everything is invented
and it is precisely now that
make the necessary efforts
so it’s still time we did not
does on artificial intelligence
when it was necessary and we now see
how hard it is to catch up with our
delay
so this new web it is still
nascent and therefore necessarily wobbly but
it is precisely during these periods
of boiling it’s the most
interesting that it is built it’s
the most exciting time
first because it’s during these
first time that the most things
fundamentals of this fund let’s remember
that amazon was written from the 94 google of
98 but it’s an exciting time
also and above all because everyone can
still take on the train the
good channel that just came from
rush
thank you
[Applause]
I’m often told that the internet is a
bubbling place of innovation me I
am more and more embarrassed by this
idea
I have the impression that the internet is
more and more stuck somehow
that the machine has stopped
how long have we not been
saw the emergence of a new major players in
digital capable of endangering
the big technological leaders
current in the decade 2000 we saw
appear facebook and twitter at the end
of the decade were born in butter the
blaquart airbnb but since 2010 nothing
upsetting and here we come to the end the
decade and we’re still going nothing
appear
why because technology has
never was so focused and because
that especially there is a concentration of
innovation capabilities in the hands of
a few companies a figure among
others today google and facebook
99% of the growth of
online advertising
99% the problem is that this
concentration
it is likely to get worse with the
development of intelligence
artificial where there is the ia is all
stronger than it is fed data
gold in data
the digital giants are the kings
so let’s ask ourselves the question
technologically the victory of the giants
of the digital whether they are American or
Asian
by the way marc such the end of
history in other words France and
europe have they lost the battle
in the internet
I think that
indeed it is possible that we have
lost this battle but battles
there will be others and there are some
just a news looms
the horizon
this battle she is carried by a
technology that promises to end with
the centralization of the web
this technology is the one that has
allowed the emergence of crypto currency
like bitcoin it’s called the
block chain block chain that allows
to solve an obstacle
something that was not possible
so far exchange on the internet of
the peer-to-peer value
that is from one individual to another
without going through a central authority
I take an example today if I
will send a file a song a
word document to a friend on the internet in
do I do not see this cliché I’ll
send a copy
this file and I keep the original
on my computer
the problem is that it’s not
viable for what is based on
their scarcity
if I send a euro a friend and I
keeps this euro the euro and loses its
value
so internet as it is designed
prevents being able to send value
peer-to-peer without going through a
central authority
it is this fundamental problem that resolves
the block chain and the example
application most known these exchanges
bitcoin from a person to a
nobody b without going through any
third and without even needing a
bank account what to remember
than two billion people on
this planet do not have an account
banking at the heart of this technology
there is an essential notion this is the
decentralization then the
decentralization it’s a notion that
jostling us a priori certainty
may wonder
how is a central system a
system can work without authority
central precisely for example how
a monetary system can work
without banks so decentralization
it’s a paradigm shift
radical but in fact it’s extremely
natural when we study the big
complex systems of the world
the brain the forest etc
we realize that most of these
systems are based on a
intelligence or authority that is
decentralized and internet
originally was based on this principle
so the decentralization of bio
tchane will allow to come back to
the original spirit of the internet and especially
she will open perspectives
considerable
what is being played is nothing less than
new web in this web decentralize
the rules of the digital economy
classic that based on the
centralization are jostled take a
example today to finance itself
a start-up must convince funds
of venture capital that will finance its
development in the decentralized web
a start-up may call on a
multitude of Internet users who will come
injected not from the euro or the dollar
but crypto currency for start
up
it will allow access to
much more egalitarian funding a
start up in africa to raise as much
million a start up in the silicon
valley and netizens them what
that they come there not win as
today shares of the company
is what is called a token a tokens
in French so what is it
tokyo a token it’s a digital asset
that we can transfer and not copy
another individual on the internet
instantly without going through a
central authority the bitcoin is the
first document that was created in 2009
a big h
token is that they are exchangeable
in real time with anyone on
platforms but especially the token it goes
allow one thing to its holder
able to use the service that will be
developed by the start up
I take an example right now
while I speak to you I do not use
not my smartphone or computer and
this smartphone
this machine they called the
computing power ie
this power it allows to do
turn apps
and well actually there is a project that
is called golem which will allow to
sell the computing power of us
appears electronic while we do not
do not use them in exchange we will
to receive so-called fools
Golem is against topiaries
golem we will be able to buy the
computing power at lower cost this
which could for example be extremely
practice for medical research or
many other golem apps
this is an example among hundreds
others with the token we can
consider considerable things by
example we can consider the fact that
the token changes the very notion of
start up
today it is about with the
startups to focus value within
a decentralized entity with the token
it will be a question of sharing this value with
within a decentralized organization
between rate holders kent se
share this so well over arms
fair and also so much more
smart because everyone will have
economic interest in growing
the project why because doing
to grow the project would mean to do
grow the value of the token we can
exchange instantly with anyone
who on platforms
another advantage since the organization
is decentralized
his creator is no longer the master
absolute unlike the web giant
they will not control it anymore control them
data of its users
we will not have a facebook that can
change its features or its
general conditions of the day at
next day so in fact the
decentralization allowed by the doctrine
it’s a huge asset where everyone can
seize internet
it allowed to decentralize
information with internet
anyone can publish and exchange
the information he wants from the world
whole instantly without asking the
permission to whoever the token and the
block shine that will allow to
decentralize value anyone
will be able to create and exchange value
with anyone instantly without
ask permission to anyone then
maybe you say to yourself
this token story is a bit of
gibberish
if I tell you about it today it’s
because thousands of people advance in
this moment on these issues and we do not
do not expect us in France there is
bubbling around the world
an intellectual bubbling
technological that is absolutely
fascinating about these topics and it’s for
that I decided to create my own
company a few years ago in this
sector in 1995 only 30 million
people were using internet the
most investors were very
skeptics
today when I talk about blocks
shine and crypto currency I fall
also on a lot of skepticism
first I’m told that it’s very
complicated to use and it’s true
but internet too it was very hard to
use in the 90s it was a
geek thing
the interfaces she was very ugly to
step and e-bay in 98 you’re going to have
experience
it’s pretty staggering actually in
2000s the entrepreneurs they have
understood that what mattered was
the user experience and from
they worked that internet started
to develop so this argument the
difficulty of use
it’s an argument that only
provisional then we say yes but the
crypto currency is a gigantic
internet bubble also knew his bubble that
did not prevent develop because
that there was a real technology
promising
behind it is the same with the good
dear so maybe you said ok very
well but if we can avoid the bubble
maybe it’s better not actually
necessarily there is an economist who
is called carlotta perez who studied
all technological innovations
since the industrial era
these conclusions they are very clear
very often the bubbles is the engine
technology adoption
why because in fact the capital
financial it will be used to finance the
different technical offenses that
is very expensive so the bubbles that a
utility is even essential in the
innovation development
technological then at this stage tells you
maybe ok very well she problem
fundamental is that crypto currency
it’s useless we talk about something that
makes sense and change the world
we can not even pay for his coffee with and
it’s true you can not pay for your coffee
but what you have to see is that it’s
maybe not done for that today
hide it the bank card it works
already very well actually crypto
currency it’s mostly going to create new
uses
these examples of gaulle n which I spoke
just now there will be some
hundreds of others including the 90’s
people will not see very well
what was the internet going for
concretely and honestly in 95
who would have bet on the fifteen emergence
years later Humber of airbnb of
blabla heart etc
not many people it’s the same thing with
block it all is to invent
that’s what’s fascinating and
exciting
my belief is that we will not beat
the digital giants on their own
field one must invest the ground of
tomorrow but what we need above all
not to do is to repeat the error
monumental from the internet minitel would have
had to be french it’s a researcher
French louis pouzin comes to brag about
the beginnings of the protocol tcp ip was to
the internet origin but the government
French convinced that the future was
in the minitel and not in
the internet decided to cut the
EU grants making results
these works were taken over by two
American researchers who then
developed what became internet
this arrogance there it cost us
very expensive and we still pay
today the price so let’s not miss
the new battle is not doomed
always have a train late in
russia poutine met the founder
a block most chains
important and therion he understood
that there was a strategic interest
in this technology and we in France
we pride ourselves on wanting to be a leader
in breaking innovation it’s not
that he say our miss of the economy and
what does it mean to want to be
leader in breakthrough innovation
for me that would mean it should
involve two things the first is
understand that the method counts
least as much as the money you put into it
it’s not just putting 10 billion
11 a fund for innovation from
break that counts is where we get them
puts in the case of good food that he
must know is that innovation does not
not create in the universities they do not
is not created in research labs
was not created either in the
large companies
it is created in communities of
developers and it’s very different
the second thing to understand is that
become a leader in an innovation of
breaking
his request to make bets is so
to take risks
we talk a lot about intelligence
artificial
today but it’s more of a bet
artificial intelligence
we know
it must be it’s going to become a big
technologies of the future it was before
when it was not even when it was
still a bet that had to be put
most consequent means
today it’s very late to become
leader the problem is that in France
we often some delay in rab
ignition on innovation
for example, it took a lot of time to
believe in computing at the beginning we
heard that it was fashionable and
that it was going to happen
in 85 at polytechnic the question was
yet to know whether to teach
computing
then once it became more
obvious that computing was going to be
must have arrived
this thing called internet on
did not know if it was serious or
not that thing so the government of
the time commissioned a report for himself
make an idea
conclusion of the report submitted in 1994
internet 1 is not suitable for providing
commercial services 2 will only become
surely not the digital network of
reference at the same time
jeff bezos launched amazon happily he
there is still two good news the
first is that we have all the talents
in France to succeed
we have engineers of high quality
has cryptographers and mathematicians
which are recognized worldwide
we have great creative talent you
know that the iphone was invented by a
french jean marie hullot was
debauchee of inria by steve jobs and
who worked in secret for four
years in Paris on the iphone so the
talents them to the second good news
is that the digital giants have
not their place in the world the other
chain
why because all their business
model is based on centralization
so it’s the opposite that’s why
my belief is that these two
new actors that will emerge with
new rules of news
strategies and new jobs too
how to emerge economists from the token
specialized lawyer in encrypting manet etc
everything is invented
and it is precisely now that
make the necessary efforts
so it’s still time we did not
does on artificial intelligence
when it was necessary and we now see
how hard it is to catch up with our
delay
so this new web it is still
nascent and therefore necessarily wobbly but
it is precisely during these periods
of boiling it’s the most
interesting that it is built it’s
the most exciting time
first because it’s during these
first time that the most things
fundamentals of this fund let’s remember
that amazon was written from the 94 google of
98 but it’s an exciting time
also and above all because everyone can
still take on the train the
good channel that just came from
rush
thank you
[Applause]
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