The caliban. This is about three hours. The committee will come to order. Without objection, all members have five days to visit made statements and questions for the record subject to the limitation of the rules. Ambassador wells and ms. Friedman, welcome to the members of the public and the press as well. We are glad to have our friends from cspan here as well. We need this mornings of the committee conduct oversight of the administrations policy towards afghanistan and iran now recognize myself for an opening statement. For months weve been attempting to get some visibility into the ongoing peace negotiations without success. We all want peace and the fighting in afghanistan do and do. Congress needs to know what the potential deal looks like and members need the chance to ask questions and offer views and in the last few weeks, weve seen the reconciliation process go off the rails in a spectacular fashion area to be learned from a president ial message that the administration was p
The committee will come to order. Without objection, all members have five days to visit made statements and questions for the record subject to the limitation of the rules. Ambassador wells and ms. Friedman, welcome to the members of the public and the press as well. We are glad to have our friends from cspan here as well. We need this mornings of the committee conduct oversight of the administrations policy towards afghanistan and iran now recognize myself for an Opening Statement. For months weve been attempting to get some visibility into the ongoing peace negotiations without success. We all want peace and the fighting in afghanistan do and do. Congress needs to know what the potential deal looks like and members need the chance to ask questions and offer views and in the last few weeks, weve seen the reconciliation process go off the rails in a spectacular fashion area to be learned from a president ial message that the administration was planning to host the caliban at camp davi
A major part of the population. And sticking with facebook and labor for many here in the liberal white paper there were references to their blog chain promoting what theyre calling an open identity standard essentially the idea behind indemnity in this regard is making a way for users to be able to have a fully verifiable digital version of identification that would work throughout the internet sort of walk us through how this technology would work and the specific benefits of this kind of identity. One of the key problems with this emergence and as we go over to doing more and more online and having more of our lives online has been this. Disconnect essentially between our physical lives our physical identity and being able to prove you know flawlessly that this is the same individual and in all. Line capacity and this just hasnt been done to an adequate way and so this is a you know a very exciting part of what facebook is trying to do and were very big fans of open identity systems
Absolutely and thats a great question and one of the Key Properties of block change is the ability to move funds anywhere around the world any time without an intermediary without a bank and around the world theres 1700000000 banks individuals around the world and so with the ability to use blog chain youre actually able to help bank and provide Banking Services to these individuals for savings spending bore away and insurance and facebook came out and said libra is going to help to bank the unbanked in under banks populations and this just doesnt seem to be the case if you need a bank account you need an identity i mean this is cutting you know one in 3 adults all around the world and this is one of the problems related to also the k y c n. N. Which you know make facebook have this as a requirement and as of now that just seems to be creating issues and leaving a major part of the population. And sticking with facebook and labor for a minute here in the labor white paper there were re
Afforded by block technologies use cases can range from improving the supply chain helping Small Businesses in agriculture cleaning up the costly and efficient cost for remittances and even Land Registry those are just a few uses and there are still new cases being developed every day so lets take a look at taipei taiwan to dive a little deeper into all of these fascinating and essential uses of technology were now joined by ali b. G. Managing partner with the block chain Founders Fund and consultant to the United Nations so ali 1st off lets touch on relief for the unbanked facebook has made news recently with their announcement of libra their new crypto currency but one of the big holes in the project is the fact that you will need a bank account to actually get involved in the crypto currency what do you make of that issue with libra and why is the banking the unbanked such a crucial topic in the world of blocking. Absolutely and thats a great question and one of the Key Properties o