0:00 Where a grandparent can have a grandchild call them and say, hey, I made a mistake
0:05 and I've run into somebody and I need some money. And then an attorney gets on and
0:10 says, we're actually going to need you to send us over here. It's a $10 billion
0:13 industry a year in fraud, which is in addition to what we saw earlier, which
0:18 that happened 10 years ago. It's like what's happened since this Cindy's son had
0:24 actually taken her life. These are some of the things that actually can can do it in
0:27 real time. And so when a grandparent actually imagine a future where a
0:32 grandparent doesn't need to use username and passwords. They just grab their phone,
0:36 push on an apps, log in, and they can actually see all of their assets, all of
0:40 their ability to pay things, all of the things that they own, all the contacts.
0:45 And it's actually managed by someone that's given guardianship rights from an
0:49 organization like a state to be able to help manage that grandparent. Maybe it's
0:54 accounts. Maybe it's paying bills. Maybe it's paying different vendors. Maybe it's
0:59 different assets and how to pass them from one generation to another. Maybe it's
1:03 currencies. Maybe it's the ability to actually manage context, not just for your
1:07 child, but also for grandparents. There's a lot of confusion when people get into
1:11 that environment. And then the ability to actually take these types of things and
1:15 actually drop from one environment to another to actually make it easy for them
1:20 to pay. So if you wanted to pay a utility bill or you wanted to pay a grandchild,
1:24 it's all integrated and simple. So that's a good example of a grandparent type
1:29 guardianship reality with a simple app that you can pull down, log in today and
1:34 actually start using these types of things. It also works with children. So
1:38 the ability for children to be able to be managed from what apps are they using to
1:43 what sites are they going to. There's a lot of functionality and opportunities
1:48 there. So I just want to say thank you for those specifically Sam Smith, Phil
1:53 Windley. These are people that have dedicated their lives to solving this
1:56 problem. Tim, I mean, this is real. This is a nucleus here in Utah that we can
2:02 actually make a real difference. But ultimately, it's actually all of you that
2:06 have said, this is a problem that I want to learn about and a problem that I want
2:09 to be able to be a part of the solution in the future. So thank you for coming and
2:13 thank you for actually understanding what's happening here in Utah. But it's
2:17 really the world. It's a problem that society has, a responsibility in our
2:22 generation. Like when all of us were born, we didn't have the cell phones. We didn't
2:27 have the internet. And when we pass on, we've got to pass on a better legacy than
2:30 what's currently there. So thank you for Chris and all the hard work that he does
2:36 to put this together and those at the state that truly are aligning with this
2:40 effort. Because I know it's not easy to put these parts and pieces together. When
2:43 we went and searched the world, we could not find a body like this. We went to the
2:48 government in the DC. We went here. We went in. It's just amazing to see the
2:53 heart, the alignment to support someone like Cindy who 10 years ago lost a son.
2:59 That's real. In this university. That young man went to this university 10 years
3:05 ago. And here we are. So thank you for being here and understanding some of these
3:11 concepts.