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hello everybody welcome back thanks for coming i'm so excited i got 400 subs man you guys are great this is excellent stuff i'm so glad that um my viewers are just as excited about xdc as i am zinfander such a great project i really believe it is the standard the first of its kind hybrid blockchain amazing uh built for you know governments institutions trade finance and it is a great thing i'm so excited that all of you guys are here and just getting pumped there's so much information coming out um so many of my viewers and so many people have commented have said so many great things about some of the projects that zinfande is um bringing on board and also iso 2022 which i really want to discuss here today and i'm just going to keep it very short guys because uh well there's a lot to cover but i'm going to give you guys some links where you can do some of your own due diligence guys okay um but we're just gonna get a little excited about it first and you know and and see where that leads us okay but first i just want to say my name's david i'm not a financial advisor this is not financial advice please do not invest more than you're willing to lose guys that's my recommendation anyways okay guys so check this out uh here on the iso 2022 website uh very cool um i'll just read through a little bit about this a little bit about iso 2022 and then you know i'll show you the where you can download the uh book from swift a single standardization approach methodology process okay guys it's a very mythological process it's a repository um to be used by all financial standards initiatives and i'll just give you a quick a quick explanation what it is basically is it's a language that's a financial language that um is being uh developed um by iso which is the international standardization organization i believe and um and what they're doing is uh getting everybody on the same page when it comes to finance and i'm gonna show you what i mean by that okay guys um so uh first in order for me to do that though i have to read this to you and um i think this is gonna this really helped me understand and put it all into perspective so let me go ahead and read that when people communicate it's easy to get confused meanings can be misconstrued or simply get lost in translation take football for example watching a game of football in the us is a very different experience in football to football in the uk and even though americans and brits share a common near identical language they will never agree on the rules of football it's no different in the world of finance and business except the stakes are much higher if organizations have trouble communicating with each other this is where iso 2022 comes in what is it iso 2022 is a global standard for exchanging electronic messages between financial institutions it was first introduced by the international organization for standardization in 2004 to give the financial industry a standard platform for developing messages in one extensible markup language rule okay why is it important just like languages around the world there are different messaging standards and formats within the current financial landscape each specific to their own geographies or business areas put simply there are a million different ways to say the same thing as fintechs and challenger banks innovate to introduce new ways to pay an increasingly globalized world to pay in an increasingly globalized world it's now more essential than ever to make use of a common standard okay so we now know that blockchain is is coming uh and globalized and we we know that zinfande is really wants to be the global standard right um and they work with swift and their iso 2002 compatible that's so bullish guys to synchronize the language used between new systems and traditional infrastructure to help realize end-to-end processing across domains and geographies and that would be the the use of the common standard key so iso 2022 sets out to answer how implementing a global standard of financial messaging will okay these are what they are set out this is the standardization these are the goals they have for standardization uh globally and that would be to improve communication make sense of different meanings and get everyone on the same page okay guys so this stuff is really great um it's just amazing to see i'll read this last part to you guys and show you a couple more things okay so swift likens iso 2022 sorry 2022 to a recipe that comes with all the ingredients you need to put it together the result being a standardized way of communicating across borders and industries and that's very important guys because um we're trying to get into the uh cross border payment space with blockchain it's um it's it seems to be the uh it seems to be the uh ultimate prize um when it comes to uh blockchain and decentralized finance and um what's great about zinfande is uh we have done so much to listen to what uh government's institutions trade financiers um and all of these um all of these uh players who will be involved in blockchain or who at least we want to get involved in the blockchain uh will be which is great i mean i'm so i'm so uh excited to to see all of this um happen um all of these guys will be on that network very exciting stuff so um i was gonna take you to the swift website a little bit but i think probably not i'll leave a link in there for you but i swift and they do message uh they do it says uh though we'll quickly say swiss swift translator defining mapping and validating messages from any format to iso 2022 or mt becomes a breeze so this is swift offering the standards i'm sorry offering their services to try and get businesses to come on board with them um and obviously stating one of the benefits here would be iso 2022 compatible um guys if we were to uh uh what another thing i did guys was i um the phone uh version of the website looks a little different than the uh the website on my computer so what i did was i sent it to i sent this pdf to myself and basically it's a it's a is the whole like road map you know basically uh and it's incredible to see how much they have going on here and i'm gonna leave a link for you there so that you guys can can um you know read through that if you want um it's very interesting stuff a lot here to read one of the things that i found really interesting real quick was this here this ipfa iso 2002 to adoption uh it says low value cross-border credit transfers okay uh it says impacts banks and achs okay transfers are made via the swift network okay so iso uses the swift network okay iso obviously see something in the swift network and vice versa and there and those two okay have are standardizing this messaging system which is awesome because zinfande and swift are i believe partners drivers provide lower cost option to banks for ach type transfers cross borders entry points are are the us fed ach in germany equines so a lot of this stuff guys uh you know i'd have to read through and i'm sure i probably wouldn't understand maybe 50 of it i'd have to really uh first i would have to read through the uh well i didn't get to show you guys this did i so on their website they have a book it's called iso 2022 for dummies and i downloaded it and um this is this is it's 67 pages long i'm going to read through it not on this channel today maybe not at all but i'm going to read through it so that i understand it and uh so i can get excited about it and um but i will also leave a link there for you guys so you can go and learn about this stuff and uh get bullish get excited because zinfande is swift is a partner swift partner not to mention we're all iso 2022 compatible and i'll show you that right here on the zenfin website here we go iso 2022 compatible messaging for private and hybrid state higher interoperability with legacy legacy systems and other blockchain platforms makes zenfone protocol the language of core banking systems and weren't we just talking about languages this is very interesting stuff guys i'm so excited i hope you guys are bullish today um oh here we go erp systems and swift systems and many more okay so there's swift they're uh work with swift okay swift has has brought on zinfande guys thank you so much for watching this video today um you know the next time i think we're gonna go through the uh the uh zinfan white page get really our website the white paper and get really bullish there thanks guys so much for coming today i hope you have a great day um i might post a little later so just look out for me stay blessed