The future of work and it's opportunities
Frank Deya Podcast
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Full episode transcript -

0:7

How you doing? No, I'm fine, thanks. How are you?

0:10

Good, Good. How are you coping with the situation?

0:14

I'm doing my best Sting A self quarantine as possible. Avoiding social gatherings, falling all directives and keeping healthy and harmful.

0:25

Yeah. I mean, it seems to be the only thing we should all be doing considering the gravity of the situation and continue, You know, the contagious nature of the virus and the spread, um, water that will keep, you know, safe. So what? Particularly with you, advise people to do at this point to ensure that they don't, you know, catch the virus or spread it.

0:58

The first thing is really just followed. All the guidelines are driven by the relevance government of Ministry of Health. So that means observing hygiene, avoiding crowded places and observing social distancing, just released and also staying hopeful and proactive, because for those that are gonna have to stay home, then, you know, it just means that you have to be more creative with your time at home instead of just staying there and wish you could go out. Uh, for people who especially must go, that is essential services and things like that, then you know, you just need to give them the support that they need at the end of the vehicles that need a lot of encouragement. Right now, it's when the it's quite a grave situation. Anything about it? Yes, yes, I really just think staying hopeful and productive as much as possible because the restrictions are therefore therefore are greater. Good.

1:51

Yes. Now the product position productivity has really come to the fore for most people because ah ah, lot. A lot of us are working officers work in Ah, you know, manufacturing and other industries, which, you know, um, we have to go to physically be present for us to make a name, many for meaningful impact. But then there's been a lot of talk on, you know, you visit us, there's work and jobs going remote. How practical uses, considering how you know the situation is that at the moment. Yeah,

2:36

well, in the first place, it's quite it's quite challenging What? The neutral working the first. Because if your work requires you to have, uh, so to speak of, you know, physical station

2:49

Uh huh.

2:50

Places where you have to walk in after a messy things. You have to ensure maybe quality control, and you have to watch over teams that it may not be very practical for you to work from home. So the question is, is you is the nature or the the output of your work? An essential service such that you know, people's general or greater will be independent last thing. And that's that's why you're looking at that restrictions on especially human interactions being implemented in such a case. If so, if someone generally contract from home, then can they just be distance at least having you know the one, too, to meet a range between you and the next person, right? Yes, because what you're thinking about his safety. But if you work can,

uh can it only requires you to file reports or do research, get information, respond to emails, Then you're looking at the work and without from home. If you have love job in, you have a lot of men would Internet connection, right? Yes, yeah, so it's really it comes back to the nature of work because if you think if you think about telling someone whose work is really hands on to stay home then it doesn't make sense.

3:57

Of course,

3:58

yes, everything is how can they be safe at their workplace while observing things like social distance? At least minimize the risk of exposure to the virus.

4:9

So, of course, it's understandable that certain tasks are jobs that cannot be taken remotely. But then, for those that we are just coming to realize it can be very similar, Slee be done from home. Why do think it's taken quite a while for businesses and you know, people to adjust to that? Did we need this kind of Ah pandemic for us to realize that? Look, you know what? I don't think probably 1/4 of the workforce needs to be commuting every day to the offices of its office expenses and travel. None of us travel right now, people just realizing it, Husband Nana said. Essential Why? Why do you think it's taken that much time for people to adjust?

Our is it that maybe people are looking forward to going back to the old ways of, you know, just commuting. If you have to go to the office, though, I realized that you cut down a lot of productivity time if you meet a particular office every day to work that I do maybe from home on a laptop with Internet connection with you.

5:23

Unity. There's the greater number of factors that you need to consider, and the first is the nature off work and help people think about work. So if you work for an organization that believes that you must be there physically to to show or to record your productivity than in such a case, then they might feel it's quite know. It's not very practical for people to work from home because their logic is, but you must be in the office for you to produce rate. But yes, when you have organizations but have automated certain things about the operations, and they require less off physical inputs in the conduct of their productivity and their output, then you find that they have more arrangements even for remote work for their teams be. It's like 23 days in the week or certain departments are completely remote and things like that. So it comes. It speaks to the you have to consider automation, the nature off work, their workplace policy and even the future of work, because the thing is that when some job roles are also photo a large extent,

some troubles some job roads are automated, then require people to have, as I said, physical input and the thing. The thing that you're looking out at the end of the day is how much input is required for a specific level of brain activity. So if a new organization looks at their productivity and says, Hey, let's make let's bring in a blend off you know, both online and offline work. Then it's up. It's up. It's the productivity that's guiding the what policy. At the end of the day, right? They saw the organization's when they look at the future of their work. Is being increasing online looking,

engaging with cut clients online, discouraging walk ins. I think like that they want to reach the plant through mobile platforms and you'll find them having more batch of assistance or, um, you know, chat boards on the platform and things like that. So if if an organization doesn't have, for instance about your assistant's champ, what's that you'd expect? Or maybe, you know, you realize that probably their contacts are four numbers that you have to call physically or offices where you have to go yourself. Right? So they're quite a number of factors, especially around the decree of auto meter on the future, off work and really how they think around front activity.

7:42

Uh huh. That's

7:43

why you're so those three factors are the key things you need to consider.

7:47

No, this pandemic has is going to actually shift a lot of things in the way we operate. And presently we have hundreds of thousands of university students who are stuck at home, probably getting the learning material online. Yeah, there's still a lot of uncertainty over how they'll be back to the school system. But then being people who, um, optimistic about the future and looking forward to getting back to school finish and gets to, you know, that respective a different job environment, how does the future off work look like for them? What should they brace themselves for? How should they prepare? Um, what are some of the that the ideals I need to change our, you know, reconfigure the thought process on how work looks like going forward. Mmm. So

8:49

the first thing is really, um you consider like and ask yourself as a student. What is the future work? Okay, how organizations handling their operations in such a way as they can stay afloat. When you think about some organizations looking to Blockchain systems to keep struck off their supply in so that they know you know they were the source, they no validity. They know who's supplying the new hose online. Then who's offline that? No, you know, really, the quality control that things like that it means that they're looking at how they can, um, the country investments also to speak, to be 11 Tina in an increasingly digital world. So students need to be able to ask themselves in what's the future of work and with a conversation around the fourth Industrial Revolution.

It means that even before the pandemic, really, there were. There were proposals, and there were discussions around the nature of jobs changing you to automation on artificial intelligence being integrated, you know, just really, system's going online, right? So says Minto themselves, like, Yes, I have studied my course, but what's the future of this industry with It's being increasingly online, and this is where now it needs. It needs to provoke students toe get skills,

digital skills not just typing into using social media, but, um, handling data handling, you know, just being conversant with things like data privacy and data protection around the world, because previously we were not really conscious of our data. But now you have organizations that are very keen on the kind of data that we're sharing and how shelling it, whether we only it in to what extent we control it and before students. It's very important to understand the kind of world that we're getting into with all the kinds of data that gonna be collected and used in various ways. So, um, when you look at courses like data science, they're free courses already on artificial intelligence. For someone just to get to know, you know,

how programs are gonna be integrated to work in such a way that, um, like redundant rules are gonna be just so sent out of existence relates solely by slowly. Because if you have, if you have a program that can read millions of files in such a short time, then it means you can't look at a data entry job, right. Death in a few years to come. So that means if you are treating yourself up to on how fast you can talk to enter and gone back data, then is it that's going so in the next few years, how are we going to be making decisions in a world that's governed by data? That's the question. And this isn't just a matter off, you know, panicking and wondering more. My Cosby really want to know.

It's just just looking at How is this industry likely to reshape? And how are people likely to change how they to work in the next couple of years? Because the pandemic might be what you call a catalyst to some of these changes. But it's no guarantee, because they're people country to go back to how they used to do things right. Yes, and then people that are sending e. I mean, the pandemic in so many ways is what you'd call up normal. And I know normal experiences are not normally for so many people, but there's some who just can't wait to go back out to how they used to do things. But, um, in spite of coping, when you when you do something for Let's see 21 days, 90 days,

and you look at the restrictions around, for instance, banking fees being dropped or completely eliminated for such a bands of transaction. And then, you know, people get that appetite to transact digitally because, yes, you are being it up for hygiene in to limit the risk of infection. But like once, once the restrictions are over, then you know we'll be useful have been used to it If something. If if you've done something for 21 beats 90 days, it's gonna be a habit, right? So So, in the spirit of recovery from the crisis,

we're gonna have some things that we were used to III, for instance, transacting digitally teleconference, being macho calls, video calls. And, um, you know, e meetings and things like that, and we'll be nuts and online learning. And for the things that gonna be very hard to go back to this in the traditional way of drink things, that's yes, that's a fact. You guys just need to be aware in terms of yes, if I got comfortable with online landing can continue with it. And if order nothing is more effective than you know,

impressive learning than can we look at splendid landing as an alternative so that for those who need physical classes, you can get that. But for those who are comfortable with the learning, then they can still up skill and gets comfortable with that, too.

13:22

Well, one thing that stands out whenever we're talking about the future work is ah, um, automation and lots of jobs, tasks and all that will be intimated on all these roles disappear. And I think I've been following the U. S elections for a couple of months and one of the candidates who I was quite fascinated with. This is a tiki is a new young and is writing a policy of you be I on basic income, ensuring that every household gets at least $1000 bump in the States because he and stands the implications of automation on all these jobs that most people are depending on. Um, well, he had to drop out of the risk. But then the pandemic brought in something fascinating, which is you kind of connect to that same discussion because it is right our teams, like the U. S. Government is looking at,

um you know releasing a stimulus package and Eric that every household gets. I think about $1200. Everyone too. And ah, it just begs the question. Is it Is this the future that we should expect? Will do you think something like you be? I could eventually take root and be commonplace. Considering that we're very like it or not, we'll have total meat, a lot off tasks, lots of jobs I have to go. And before people adopt, they still need means off, you know, getting ah,

daily bread. Is it something that we should prepare? Prepare for. Maybe we should just walk towards upscale ups, killing

15:17

everyone looking in the first place you have to consider. Okay, Definitely ups. Killing has a cost to it, right? You and you're not gonna tell everybody to sign up for courses on E platforms because not everybody has a smartphone. Not open Internet to take the courses in the first place, right? Yes, but you're looking at the future off training, training in the workplace on and really that still has a cross to it. Even if you don't. If it even if you weren't to go through the Accademia traditional academia e, of course, is colleges and universities, et cetera. The fact is that these are cost to all these ups killing.

So the next thing that you need to consider is productivity other. Nobody there to is you can learn, and that is rather talkative many ways. But let me handle EJ to that. Um, you can either run by out of need or on the go, right? Yes. You know, when you realize that you need to upscale, no one is gonna tell you what to do. You actually gonna take the incentive either spend time with someone who's a mentor or, um, sign up for something? But, you know,

as an apprentice, but you're gonna you're gonna expend time to actually get the new skill that you need. So if we heard this in phases, for instance, that when maybe those who are really in the workplace could be trained to change or redefine some off the job roads, then that's the faster than the next wave is for the supporting industries in, um, to like a min industry. So let's say for health care professionals that you're teaching the, um you know, primary can give us and medics to 200 new systems. Then the next wave off off people that you're looking after Skilling is those who give secondary care services, the insurers and transporters and things like that. So it needs to be progressive in the first place. But if the automation happens too fast and that's, ah,

institutionally and reasoning that too many people that you know out off work at any given point in time, then you you be I might be a very critical proposition to consider because even without automation, right now, we're looking at a pandemic whereby you're selling. People don't go to work, but they're getting their income to just, you know, keep the lights on and take up Hello, too bad day, you know? Yeah, so in the in the case of a pandemic, it makes sense. But after the pandemic, the question is, how do we define productivity?

Because as a society and if you look at the different, like just faces off demolition in terms of industrialization, then you had the fire second, that fourth in the first industrial Revolution, it was really hey beyond like steam, steam based movements for traditional commission. And it was it was ah, heavy on agriculture. It then second industrial revolution. If you look at it, we went more toward mechanization. Off course, The people who lost their jobs because they couldn't work hands off, so to speak. But really, that revolution,

we went more online and people rescued, right? Yes, it's yes, it's taken time where you have some people who are not as Texas is as, uh you'd want to. But we have to admit that as a traitor, no, in in this 2020 that people who are far more digitally aware that there were even five years ago, right? So those people, we will take our time to be more productive. But we will adjust. That's a fact of life. Because if my survival depends on it, then best be sure there's some able is.

So is the highest incentive in that. In that case, yes. So, as I as I mentioned there there two ways that someone can approach this, it says that your mission table survival Uh huh. Yeah, because if we tell you that you can't, you know we can't pay you for doing the same task that you used to. Then you're gonna ask yourself, How else will I survive?

19:14

That's true.

19:15

Exactly so that this this this documentary called New Money It's called the greatest wealth creation event. And it refers to some of the digital transformations that have occurred in places like China. So you have in five years just people even looking at, um, declaiming check and credit payments because they want to move and fast payments. So, yeah, you want to imagine just walking into a store and just like paying for whatever it is you took by just swiping or just like starting a cure court? And when you enter in, it does for each official recognition. By the time you walk out, you find no attendant Noh Kashia, No security personnel. So you're looking at Okay, So when did these three people go on? And when you multiply that across so many stores, Really as well.

These people have got to surviving another way, and it's just about us as a society and how we think about what we value as meaningful work because it comes back to that you be I may not be sustainable in itself in terms of just being people to not work was another pig because they're not working in a in a very good innovate what it sense. But the greater question is, how are we going to value work in the future? How are we going to determine and say that? Hey, you can do this and I'll pay you this much. Yes, because for us as people, it's gonna change because of digital systems. But no doubt we're gonna have to ask ourselves that question.

20:42

Well, yeah, you You brought that up and ah e think it just reminded me of a project to you recently started called Live in Africa. Yeah. And, uh, maybe you could expand on what exactly it is? Ah, who's involved and what's the intention?

21:3

All right. So the genesis of Elevate Africa I was at the Africa Tech Summit in February this year. It was posted in Kigali and it was quite quite a great learning experience for me personally. And one gentleman actually give me the challenge and said, Hey, if you can actually start a group, that is where what's up and get to 40 people? I would be made and not mean whereby I get access to opportunity XIII scholarships funded Kranz and Jobs, whereby the goal is to reach the forgotten part of millions. Yes, right, So that's our global. It's got. The wider group is called the Global Leadership Program for Africa, and it's essentially literally to just get to the forgotten part of billions. And who are these? The people who you know,

they settled life. They don't have so to speak there. Connections. That's we think Castle critical for our success. And they don't get to hear about the you know, for instance, just fully funded scholarships, right? The people will get stuck at some point off their academic advances. At Bob Smith's course, it just generally don't have the funds. And if they ain't got everything in the family, honestly, they just can't pursue the better opportunities. Nothing you want to, but these opportunities are they're all the same.

But there's a gap in terms of people just getting to know themselves. When I started the group, funny enough, I got about 50 people in trouble one now and also surprised I was like Wait, I didn't think it was something like this. And within a month, within less than a month, the group was for the touch that another group and we even got. We're going to people who volunteer to create enough for the group, just as a platform for guys to people to network and get access to opportunity. So, really, the hut off elevate Africa is to get people connected to these opportunities, and they don't need to know me personally, and they don't need to know anybody in the Sacko. It's just that you get you just you're just aware off the opportunity in the first place.

So encourage people to apply for either the jobs and scholarships and grants. And really, it's it's a matter off. You may not get there faster now, the 2nd 1 but the fact is that you're aware that it's such an opportunity exists, and it will give you the appetite to reach for more end. Get yourself out there.

23:16

So considering that this group consists off lots off at a random people from different places, um seems like anyone composed any opportunity they come across. Or if they have have one, right,

23:30

Yes, and if he has to be very find opportunity because, like a lot of the job opportunities that come through I usually within within such a small type of that. You mean like you're looking at us between days to a month for application? And the scholarships are not just limited to Africa, that some of them that are in the East, the West and really it's forced as long as they're for students and okay in for guys who are within, like a certain age group. Some scholars himself, for students between 18 and 30 others are a bit more open ended. And really, it's just forget for best to get to know that these opportunities are there.

24:5

How how do you get to verify the opportunities are being presented? Cause you've always had cases even in the class who are. You know, someone comes up with an opportunity, maybe to go and work outside the country, gets people to pay the process travel documents. And then maybe on the day of the traveling, the person supposed to organize for travel is, as didn't be other. When if the the people who had applied actually go, they find themselves in familiar territory, you know? How do you How do you verify this information coming in to know that you know, if I tell you I got an opportunity through elevate Africa, it's legit. Or maybe I could come back and say, Look, I I was waylaid on my way because I know I took up this thing that I got from elevate African. It's been headed by Roslyn. So I think I'm going to blame Roslyn for my predicament. How do you verify the information and sure that everything is legitimate

25:13

hurt. So I encouraged the community to create a culture of three things. The first is transparency. The second is due diligence, and the third is just, ah, initiative E. If I if I look at this opportunity, I should be able to see it at least across to online platforms. AII the main official websites because actually, one of the one of the traps that guys get into you're looking at a link. And it says, for instance, well, well held the beautiful jobs. And when you look at, for instance,

the Limburger like the basic Web address, there's the https slash the first story like what you call the domain, so to speak. So, for instance, this one by Skype is hey https for slash web dot com dot com. But when you see a website that is hitch, did ups slash big nutley dot something else and then forward slash Weldon's organization issued being whatever Whatever appears before the dirt over the dot com should be a very huge question mark, because that's when you have all these freak websites, not steal people's information and a TTE. That point is whereby you realize, Oops, it was a setup from the get go. Now the things that I tried to encourage guys very file, in fact to the primary source. If you do not see the official website talking about this opportunity that he's just don't apply in the first place,

right? And the second thing is, if you notice that they're not clear about the recruitment or in boarding process I E. For most scholarships, you have to go through at least four stages before before slick submitting an application, right? So you have, for instance, the the primary submission of your information, probably an in call interview or on an in person interview. If you're successful at the inn at the respective embassy of something like that, and then very clear directives about the visa, this application and the visa process, right? If I didn't, if at any point you realized that like the organization requirements and the visa at the embassy requirements are not matching up,

try to encourage people to look at the red flags because I cannot verify each and every opportunity. Personally, that's that's just too much time to take. But when I want it up, when I tell people like some of the common things, to look out for terms off red flags and, like just really traps that are that are known to be across minutes comes, then even they can personally see that. Oops, No, I don't want to do this, and it's because this thing is a district like us Come up. If you look at the company and you see, maybe the CEO doesn't have the experience for leverage to that industry. Flak for a job. If you see that the only the only two directors there's no team,

there's no physical office, there's nothing verifiable. I mean, even if you try to, this is what you can at least learn through the Internet. There's some companies that you have to do a bit more digging in. If they say the financial sector, can you see them mentioned? You know, getting awards, getting recognition, getting partnerships, getting a more use things like that. You really have to do a bit of a dips cancer that you're not You're not just wow. But by a few, a few trophies here and there.

Yes, E getting talked up If it's also like a public company or private company at the least, and own a stock exchange that you can actually try and trace that car for months, you know? Yes. So they said that some of the things that someone gonna look out for and be able to tell that if it's not a legitimate company based on some metrics, then you don't you don't even bat an eyelid. And I've noticed over time that people, even when I don't comment myself, because maybe I'm I'm engaged at that time. Remember, we point out here, this is not legitimate. And when I see that I can't tell us people actually cultivating the culture in a way that they wouldn't they own the group for the for the greater good.

29:15

And so far I think one of the things that more, Um, I'd see people are looking for opportunities. Our jobs are trying to venture into his. His gig economy does elevate Africa, you know, also get such opportunities. People were in the gig economy who may not be so established. So they may not be so much information, if any force such for them online. Uh, but, you know, it's just a start up that is trying to make headway in a new area.

29:52

Yes. So in the first place I do. Personally, I have been a part of the gig economy, and I credit a lot of my current kills to being ableto work both remotely and, um, with just with with startups, really so a possible accomplice. It's a very essential part off Justine Young person's job experience. You need to be able to work. But as you know, within the gig economy, because that's where they're not quite a significant lot of our jobs are gonna be religion to that in the coming years, you know? So yes, within a debate, I would encourage even more members to share whatever kids they have inch.

You know, for someone who's wondering, where is this gig coming from. Perhaps you would say that it it's closely connected to contract jobs of short term jobs. Perhaps more, perhaps a more official, you know, rendering but the feelings. But you're looking at short term work that's based on performance metrics before someone gets payment, right? So it's that it's definitely encouraged, but on the other hand, you're looking at people who are not. They're looking for more permanent work, and the thing is to encourage really people to be open to gigs. Because in a in a time when many companies are declaring redundancies for sudden job roles, that thing is, how are these Jibril's being reshaped our privilege?

31:19

Uh

31:20

huh. And you find a look. And if I I think that I think that a lot more companies are gonna be open to atleast some form of gigs, structure inputs or short term rules so that they are able to reshape the Patricia to just really redefined the operations to stay as productive as possible. Yeah, yes, it's really get people to be able to keep their eye own, couldn't quite short term contract so that they're able to pick after than be able to get the income of the end of the day and be productive. And again, one of the things that I intend to do with elevate Africa in the in the coming months or years is encouraging. Really, this digital economy skills that you can, you know, you can handle every much job you can handle. Remote work. You can handle a gig, so to speak and ticket as honorable as honorably and us with as much dignity as you would an impersonal office job.

Because you find that for maybe I am a person who is in the final year, baby still within campus or someone was cleared campus and they work from the laptop and the parents are looking at them like this person is not going to the office where they wasting time at home. Yes, and I find that that's quite a discouragement for some people who I really trying to convince their their families that they're they're actually doing a productive watch from home. So it, uh, it needs a lot more encouragement from from different levels of society and private sector. So that, um, you have that you have it such that if I young person sees that they're working from home. They actually get the support from even their parents of their siblings in such a real lot. You know, they'll actually just work without saying, Hey, go get an office job. Yes,

exactly. So I really want encourage more off digital economy skills so that someone can even run and run and tired and multiple teams from the comfort of their home. And, you know, we actually get away from the from the crisis of unemployment and crying so many, so many years off, fruitless stomaching, you know? Yeah, because there's something there's something that we can do it. It's someone who will will do so. Couldn't quote skits or short term contracts is better off that someone who never does any gig. And he's just waiting for that big office drop.

33:36

Yeah, yeah, I think for the older generation, you may not believe so much in the gig economy. All I'll start changing once you start seeing there is also what you know. These young people are bringing

33:51

bring back. Well, exactly. And this isn't just about the young people are bringing back home. Think about it like the moment they're much even if benefits, even if it's not a matter off generation sort of speak that there are more people who are who are wondering, Do I have to spend 20 years in one place before I realised some changes in my life? And this is our life questions that people are asking? I mean, we're more. We are more prone to asking about job satisfaction now than even five years ago, right? So someone realizes consistently that they're not fulfilled in their work. They're just, you know, they prefer their just professionally stock. They have the masters.

They have PhD. They have all these professional certifications around them, and they've gotten a promotion on the cotton, pretty much to the peak of their career. They realize they're just not who feel so designed, that they start from scratch on sites that aside hassle or small business. And it's may not be a couple. It just may know up for everyone. But when you think about so to speak, the gig economy than the point, a number of opportunities that are open to people, no matter what age of backer from their jobs that don't require to have any specific, um, you know backer qualifications for decree or certificate. They just require you to have specific skills, Really thes reduce people options in terms of it doesn't matter how old you are. If you will have the skills for this particular job, you take it up. And if you're able to build your reputation than you, you command my higher income levels then within that blood for

35:24

and ah, maybe just sort of curiousity, weak skills. Do you think will be most suit after in the near future that, you know a lot of young people need to focus on

35:35

Very so the first is CQ on That is speaking about emotional intelligence and we're doing but that as a top, it's that you need to be able to get to relate with people across a very dynamic set off contexts. And this isn't just about the workplace, but off the one please. How do you relate with someone you've never met but is giving you targets? How do you tell that for instance, someone on a virtual platform is not is not at lies, not in line is not even having any sort of integrity within the communication that takes quite a bit of emotional intelligence and for you to tell that someone is coming you Then you need to be aware of things like social engineering how that happens. So, social engineering, for instance, someone who's using high bint, some sort of field missing out. They used some form of manipulation. If you if you'd have no emotional intelligence that you're gonna believe just about anyone who says, Hey, come work for me,

I'll pay you x amount and, you know, be financially free forever. Things like that that make unrealistic promises. So you people are gonna need to upscale on that because we've been so heavy on like you in academic knowledge, that's we have neglected. Unfortunately, to a very good extent. Ik u just basic. You're right. So not too done. Great. Thank you, by any means. But there are different categories off intelligence and that we're also looking at your adversity. Kosher.

It's your I mean, they're quite a number off off spectrum's off. Intelligence is your given your physical resilience. You okay? Can you handle, um eight hours off work within from within home, but reinstating a healthy schedule, You know, not sitting the whole time you're able to take breaks that, um you know, specific periods and you're able to start your feet so that you don't become a couch potato in the process of working from home. Get then you're gonna skills in official intelligence Blockchain big data, Internet off things, Some of the emerging technology fields that are really gonna be pretty stop in the next couple of years. Again, this data consciousness date awareness the cybersecurity czar again top Very risky baby way interesting skill areas that people need to read about it.

And it's not just about coding. I mean, it goes without saying quoting is definitely needed for this face. But the county you're under even design thinking, How do you think about systems and how systems are gonna relate? If systems are going to change that, it means people need to be trained. So you also need communicators at different levels and people who are just going to tell people. Okay, so this is the change of implementing this is how to do it. And this is how you got to throw that. So communications is also very, very huge area that people are gonna need to be able to translate some of these digital concept in tow. Um, everyday things,

38:35

okay. And, Roslyn, when Jiro is very well known as ah, very outspoken and ah, very well community. You know, you speak very well on matters of Blockchain and Cryptocurrency across the continent and presently understand, Are you with the cash clubs, which is blocked in studio. So what exactly happens at Castle Abs?

39:2

All right, so Keisha Labs is a venture build up. That means that we don't just focus on our own internal blocking projects. We also support other companies that are looking to switch two blocks in base platforms. Right. So you realize that their companies that hear about election it and hear about the disruptions to the industries that they wonder when you start with this technology one does it cost. What does it take? And when you look at the landscape in terms of development for block ship, and let me just allow me just to break up it to define Blockchain, I mean, a block in hell is simply at least right. But it's a special least with good features about security and, uh, very interesting kind of storage. So for someone who is hearing about Blockchain for the first time. Then abruption is list off. If you want to be more technical,

it's a database, and this database is decentralized. It's it's it runs on principles of photography just to ensure that the information is secure. Tamper proof in It's linked. So really no, not too cos we're looking at the future off a future that's a fish off information or data storage that's distributed and that secure that's linked. And this compares against traditional databases in the sense that you cannot have a Blockchain right and for people wonder. If so, how do you know talk that the logic is that if you want to change one, entry must change the entire list, and that takes a lot of computing our resource. Okay, yeah, so that's the simplest off it. And for many people, the feel that that's very complicated.

But I assure you it's actually quite simple, and they feel that it's complicated. They wanna run away from it, especially when the bone is about crypto currencies. S. O s. Justin Simplified. I mean, the same way that we had Internet and email as one of the first applications It's that for the time all we hear about Internet was a mule, right? Yes. And you know, having people felt very weird about having an email address versus traditional mill. But over time it became that we slowly forgot on our mailbox addresses and started remembering our email addresses and in the same way with Blockchain Technologies. But it's a fort, disconsolate as electricity.

And then, if Cryptocurrency is what is a limp book, for example, or emails like the late bubble off Internet tons of sharing information, then the other applications for industries and companies bet that have to do with information security that they're gonna look at research into anyone for central banks, for instance, they're looking at central bank digital currencies instead off you know, people money, right? So that's another application of people in companies are gonna look at. So the thing is, we helped companies understand their you know where they are in terms of their digital strategy, digitization, automation and therefore now upgrading towards upgrading to a doctrine based system. OK, exactly.

So we we literally just help companies be able to transform their operations toward more blocking based or supported kinds off applications for their user. So just to put it as really out there for the user's as I use our, um, you know, just someone who is wondering about all this technology do not feel intimidated or confused by all these technical terms. Please, just no luxury is a tool for companies to be able to handle the information in a secure. So the people who really need to sweat about Blockchain, I would say, uh, the productive managers and maybe the high teens, because they're the ones who are handling the system behind the scenes. But for user's, it means to be very simple, like maybe they are not this wallet. Open up and make this transaction sand off. Whatever really just a trace, that kind of thing for user's Yeah, yeah, yeah,

43:2

get. And finally, over the past couple of weeks, there's been, ah, market crash in stocks, Um, and the entire financial while these kinda seems to be crumbling. And one of the things that ah uh you know, Blockchain enthusiasts and in a Bitcoin evangelists have been trying to push is the notion that Bitcoin is a safe heaven that you know, even if everything goes south the digital gold that his Bitcoin will still stand strong however, had been didn't seem to happen. Yes, that I have finance while just dunked. Yes. What do you make? What do you make of this in light of you know, Scully, the world economy?

43:51

Uh huh. All right, so in the first place you have to go to the ER Like this Pandemic is not a respect off any nationality. It's hit everybody. I mean, it doesn't matter if you're rich, poor, famous notes This pandemic has affected people. And for those who are not infected, those have been directly affected on. And, you know, back to just when I when I when we started the conversation, it's that you're looking at economies whose entire supply agents have been have been in a shot, don't know, severely reduced. You're looking at airlines,

which are, you know, just putting their planes aside. And some are gonna be there for quite a while. And it's gonna be It's gonna be quite a while before operations a river traits. So I think I think about the Cryptocurrency market in a context where people i'ii humans who are using the cryptocurrencies afraid think little communities don't have a mind of their own control Currency just generally represent the wheel off the user. Oh, it's so if even if he wanted to call cryptocurrencies Digital Gold, the thing is that do we have 50 million users for Bitcoin alone? Not very not here, so wait wouldn't call. It's digital gold in the sense that unless you have that such a big threshold. Yes, we can argue that 50 million is either higher lower number, etcetera. But,

um, that fit The thing is that the people who are holding these Bitcoins some many off them if you think about the wider context, it's but they're looking at, how much cash can I have to keep my house holds? You know, above the water. How much cash can I have to keep my, you know my lights on? How much cash can I have to buy food? Buy essential supplies? I'm not thinking about stocks. I'm not thinking about Bitcoin. I'm not thinking about for X, and that's why all the numbers around the world have really been dipping because you're looking at people who want to liquidate the assets in the first place as our as really as Ah um, I wouldn't say impulse, but that's the first response and a bass drum response that they're having.

You're looking at trillions of dollars, having been wiped out off off people spot for years, right? Yes. So it's not just a Blockchain and Cryptocurrency Bitcoin slowly, so to speak. So between another crypto currencies are not immune from what's happening around the world. The thing is that for Cryptocurrencies to be a true safe haven, then let me put this as a very, uh, waited statement that it would have to be divorced from money and from human sentiment, which is quite impossible. No, really, you have to divorce court appearances from from fatto cash and human sentiment because that those are the two factors behind its value. Because even when you look at gold a za Laffit,

its value has dropped quite significantly in the last couple of weeks, right, And that's because of factors that are well known around the world. So it doesn't matter whether you're you know, you have you, you're you're top companies talk, so your favorites assets out there. The fact is that this is a global issue. It's not. It doesn't matter where you are. This thing has affected you, of course, the people who are profiting in the midst off what's happening cause you know they able to offer maybe, like a central services or alternative. Let me just actually, alternatives are Service is is an operational one.

Because when you think about E platforms for education, I mean, try prior to this week, they may not have been getting high traffic, but not because students are home then. And they want to continue learning. That's That's a directed sentiment Derek pushed to the landing platform So you can say that there as an alternative to impassive running. Then they're there on the bright side of things. But it's gonna take a while for people to have confidence in the markets again. Of course, they want. They want a serious stock's going up. You will see the assets being revolted, appointing all that, but we have to think that it's gonna take a while. So it's the same for Cryptocurrency is a lot of uncertainty.

But, um, one of the reasons why people have, um, admired taking a risk appetite toward cryptocurrencies is because they've had such high risk margins, you know? So I think that's that. You need to understand what's going on around the world and ask yourself what's the main push? Tow US stocks or crypto or other asset investment? Because people want to value if you if we if we really just sit down and analyze bar indicators and the trends and the historical deter Nall that the course deeply depressed stories that we can get. But if we're able to simplify this and look at the basics at the end of the dates that people would value, so the question is, how are they gonna get it? How long are they gonna be patient toh get it from stocks or from Krypton and all these other platforms? We need to be able to see the underlying factor in terms off value that people do. What value?

So the question is, are they gonna They're gonna be patient to get into crypto currency or stocks or other investment Get with get trees. Yeah, yeah, yeah, yeah. So it's something really to think about, and ofcourse, that many opportunities are the highlight that are opening up in the midst of a crisis. But we don't want to live to stop. Wait, don't we don't be cut off entirely from things that drink before, But the thing is, we have to do them differently. But in the course of us, strict them differently. Then we need to be able to see what opportunities are gonna open up both for the short term and the long term. Yeah,

49:40

since you brought that up, one of the ways that we expecting things to move is it seems like we're going to show up all the Fiat currencies that I regulation and get all the money in the digital for months. Do you think Bitcoin or cryptocurrencies might play a role in this or have a role in this kind of future that we're looking at?

50:3

Yeah, sure. No. Don't they have a really bad Now the thing is, towards greater banks or central banks around the world going toe facilitate this process because they're normal of our central bank in an economy, really? Is the stability of the economy, right? Yes, exactly. So the question is how you know, to what extent can central banks be on a level of consensus to incentivize or att? Least give policy. Caitlin toe having a central park back, so based digital currencies and for the minute she has been going, for instance. But the thing is that the idea has been put up there that you've seen,

you can have, ah, limited supply over currency. And if the central bank has the courage to to assign legal tender, then the thing is that they just need their religious needs to issue a couple of good leads to enable people to use more digital rather than physical money. Because the thing is that how acceptable is it? One of the challenges off Bitcoin, another country sciences, is that you can't as I try to know before things like your your groceries, your electricity bill in it, A few other utilities through the Cryptocurrency itself. You have to convert the rush because ashes what's accepted in your in your in your around your home, in your community, right? But if they're central before to author is some form of digital currency than, um,

maybe good Curtis could be an alternative, or you could be an alternative or pattern to the digital currency. It's possible, but the thing is that for this for these digital currencies to be accepted. They need the three properties off money unit of account stock value in medium of transaction. Okay, Yeah. So if they don't have those three attributes, the thing is that they may not be here. They go to option. But if they're central banks are able to come up with some form of digital currency that they can, Um, administrator managed to a great extent. Then we could see what options like with that, because again, you have to consider for them too.

Approve of this. Does every citizen in their jurisdiction have access to that? Does anybody have to have, for instance, a digital misery like a smartphone to holds their shillings? You have to go see that things like that because if it's too costly toe on born citizens in that way, then your general is the you're gonna need to have some form of blended system whereby you can use cash or digital platforms so that you don't necessarily require people to have the device is too fascinated of the transactions. It is actually, yeah, maybe maybe over time they can lower the price is off of, like, you know, just basic feature smartphones or off our course incentive. It's more companies to provide Internet through things like white space. Um, what what's best technology of platforms in enablement and things like that.

So it's something that needs to come over a period of time so that you have even the least first least couldn't got educated person in society being able to participate in this digital. Because again, you know you don't wanna go out to the streets to have to tell people. Hey, this is how to use your money in this information is to be diffused over time, right? It's the same way. If your senses okay, an impressive it's that the initial and butts around Impossible, really associated with with a grandmother and elderly lady rakes is the message of that was, But it's safe enough and easy enough for even your grandmother to use, right? Yeah, but it took time. It's it's taken us almost 10 years before people are really comfortable with using batch, right?

Yes. So in a similar way, it's I'm nothing that it's gonna take 10 years but way need to look at a period of at least five years to get a good segment of the population, at least educated to some extent. And to accept what you what the government would approve off as legal tender. Yeah, Okay. Yeah, yeah,

54:19

yeah. Um, yeah. So finally, as we conclude, do you have any announcement you'd like to make?

54:27

Um, not really announcements, but I'm excited that Keisha Labs is now part of the cellar alliance. The Celo blocked an accelerator. So it's literally it's really gonna be huge for us because we're we're taking. But in that and just hoping to be among the top participants in the look out.

54:45

Okay. Yeah. Sounds

54:47

good. Yeah. Yeah. Now, forensics in equal mass. We have projects in re meters. We have projects in gaming to 14 and really excited about what's options the blocked in has to offer. And I mean, that's a pandemic is ah, you know, really just grievous news for everybody. But on the bright side, it's really giving us ah, huge incentive to venture into the digital economy like never before. So my encouragement, really two guys is Yes, we're you know,

we may be unlocked down restrictions and, uh, quarantines of quarantine and all that, but let's look at the bright side in terms of what's creative things we can do with that time. Because we may not have way will not have an opportunity like this in our lifetime to I don't I would not wish for Heather Pandemic. To be honest, I cannot wish for another epidemic. But, um, they're very few times in elections that we get to, you know, just disconnect from my usual way of doing things. And, um, you know, the hustle and bustle of life.

I mean, if even like, you know, I've seen a few tweets about about the earth's surface be killing itself away from, like a politician dolphins coming back, rivers being clear and things like that we've lived the earth itself feeling Then we, too, also need to think about how, in what ways got myself hell in what was Can we be creative? And in what way is gonna become slave in the midst of the the dynamic and the tears and the grief that's out there? Yeah.

56:11

Any real puts, Roslyn, I really appreciate you coming on, and I'm looking forward to have you again soon.

56:20

Yeah, it'll be my pleasure. Thank you so much. for having me. Do you have any comments that, you know May may not have mentioned earlier?

56:27

Um, I think for now I'm pretty satisfied. And I'm definitely going to have one again to explain more

56:34

different topics. All right. That's okay. I look forward to that. Thank you. Thank you. Thank you for having me, too.

56:42

I'll get good bye. Thank you.

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