greatest inoculation in history is testing the global community around the world. already a clear gap is emerged between rich nations and poor ones when it comes to vaccinating their populations from the geo politics to the pure economics. the missed information, the latest developments. what's going on here is very different for a stop. the vaccine comes in the form of a nasal spray. special coverage of the colona virus pandemic on a jessina. ah, ah, i'm not a site and don't hear top stories on algebra. is really opposition leader. yeah, a lot pete has informed the president, he has support to form and you government and being benjamin netanyahu is 12 years in power. right wing leader, natalie bennett, would be prime minister 1st followed by law. the 2 years later israeli coalition

brings together 8 parties and has won the support of the palestinian israeli party, the united arab list. the deal still needs a parliamentary vote before government is sworn in other, other hamid has moved from what she re slim. if you look at the makeup of this coalition, if a party is going from left to far right, who have nothing in common or very little in common except one main goal, which is to out benjamin nathan. yeah. now. now looking ahead, this is still a whole process that has to happen at this because the parliament has to call for a vote of confidence by the method that should happen in the next 7 to 10 days. but in between a lot can happen. ask anyone here in israel a week of politics in israel is a lifetime and things good change again and again. a cargo ship is thinking off the coast of sri lanka, threatening an ecological disaster. it caught fire 2 weeks ago,

and it's filled with several 100 tons of oil, chemicals in plastic. it's already cool. is the country's worst ever maritime environmental disaster? the pan american health organization says governance across less than america failing and their response to storing corona virus infection rates. it says misinformation and mixed messages are being allowed to proliferate. the nicaraguan opposition leader, christina to morrow is on the health or at least right at home after she was the keys of money laundering. critic say the government is trying to eliminate competition in november's election now says announced to new missions both to venus, us, nearest planetary neighbour. they would be the fast us lead missions to venus's atmosphere in more than 3 decades. nasa home to map it's rocky surface and on the cover if the solar systems hottest on it ever had an ocean. the 2 are bostic

missions. i expected to launch between 2028 and 20. as he they, i had lines. let's get back to the top. yes. the, the health of humanity is at stake. a global pandemic requires a global response w h. the guardian of global health. delivering life saving tools, supplies, and training to help the world's most vulnerable people. uniting across the board as to speed up the development of tests, treatments, and vaccines. working with scientists and health workers to learn all we can about the virus keeping you up to date with what's happening on the ground. in the ward and in the lab. advocating for everyone to have access to a central health services. now, more than in the world needs w. h. making a healthy world to use for everyone.

ah, ah, no. i know, i know you want to find out what any of this has to do with this new crypto p. revolutionary internet will get their promise. but 1st, we need to go from bit coins, original block chain to hundreds of block chains, back in 2011. when charlie lee was a google engineer, he wanted to foster and light version of photoshop's crypto currency. and was one of the 1st to experiment with the open source software. the actual quoting terms of the code differences between the clan, my claim was actually pretty trivial. and what, what does that mean in time? like, i would say like, $44.00 or 5 hours. light clean was one of the 1st alternative trip to currencies or all coins. some of the early adopters,

like charlie made fortunes. soon there were hundreds of coins made by cryptographers, copy cats and con men. as a coin for bloggers, a currency for online gamers. one was anonymity and even one for bangs. but can this invention and lease something even more powerful than digital currencies. back in 2014, i met the kid who knew how to do it. i know if it's alex varnerin, co founder of quinn magazine, founder of a theory, and just general quint cryptic currency advocate. just 19 years old vitale was on a mission to make money programmable. he build a separate block chain, called the theory him its own currency called either in comparison, might they be quiz like a spreadsheet and is there him is like a spreadsheet with macros. using analogy serial allows you to store crypt currency and computer code in the same secure box. here's how a smart contract might work in the price,

but let's say i bet charlie very light coin will be worth $200.00 on january 1st of next year. we each put an ether into a box along with a small contract, a simple program that automatically checks the price of light coins on that future date. if i'm right, the money goes to me. if i'm wrong, it said to charlie, as my contract is neither smart nor contract, it's a dumb program. and once you understand the all it is, is a program that clarifies a lot of stuff and the word contract there is in the meaning of finance. most financial arrangements are pretty simple and clear. cut a bad with charlie. your home loan and insurance policy. just 2 parties and some form of exchange of value based on a set of rules called a contract. the same is true for global financial markets. think bonds futures derivatives, credit default swaps. they're all just contracts, and the world economy runs on them using middle men who all charge high fees.

proponents say that if we used smart contracts, we could tell the bankers lawyers escrow agents and wall street finance guys to take a hike or so we're, we're doing is we're saying we have this a theorem network inside the room network. there's this asset called ether. and we're actually going to be selling user, we're going to be selling either at a rate of 1000 to 2000 either for one bit calling. and that's how we're going to raise money. it worked, botanic figured out a way to fund this year and project, and it made his investors very rich. this new model for fundraising soon had a name, an initial coin offering, or i c o. i b as an i c o sound similar, but they have, they're not things similar. the only thing similar about them is they help you raise money. i feel if you don't do until you have a company and you have revenue and you have users and you actually proved to the public investors. and this is a valuable company that's worth investing and it's worth buying their stock. i seos,

it's pre product. you have maybe a couple people on the team, it's just a white paper. and so people are just buying into trust into faith that this is something that will exist. the goal here is like, ultimately i like to say 8 year olds building. there are financial systems. yeah, but what if some of these a deals are also scam us? so let's say i'm trying to do it. i feel. and i curtis my contract where i create a 1000000 coins. and one of the transactions is that if you send me $100.00, i will send you that many worth of points. it was a man gold rush, the people realized, wow if, if i can just pull up pull together project in a white paper, i can raise money like a lot of money. one project race $150000000.00 in 3 hours. and another one collected 35000000 in under 30 seconds. some people hawking new coins didn't

actually exist. this handsome chap is the graphic designer of a bulgarian. i feel actually they just posted a photo of ryan bossing, another project, race millionth, annisa, and then vanished, leaving investors with this website. look close. that's nice. i would say about 2 to 5 percent of the 1000 devices that are happening are actually legit and the rest is pretty gammy or it's not going to work. can you define for me what a coin is? i think it's just a derogatory term. people use on coins that they don't like for the climax was evil on the care about the client. everything else is claim sure. there are tons of useless projects that will never work. but maybe i was a bit too harsh on. i feel democratizing start of finance can be a good thing. they will also many legit companies raising capital. over the years

i've met many founders who have real offices with real people trying to solve real problem. but to bit point maxim list of a block chains i c o i e o s t o smart contract on the theorem. that's all just a waste of time. there is no rock, st. health care industry and the automobile is coffee is what you saying is a maximum of this point of view you are speaking about from a perspective of, of a cult. oh, my problem is that you hijack the movement of a technology that is far greater and has far more potential than just these individuals. there's all of these different things that you could use blocks in for, right? and so people have the, almost like different ecosystems. and then when you see it's almost like an illusion or a process right where the block chains fork. and they have the same as histories,

but they adopt to different environments and we see dislike the ever increasing level of diversity. a number of block chains during the idea that there's like one block chain going to be one block and it's going to be fit, verifying. it is almost like disregarding the nature of evolution. meanwhile, the big corporations have been studying crypto currency. and they think that bit cons underlying database is where the magic is, the more on the boardrooms block chain, not bitcoin back in germany, my friend oliver keeps tabs on the men in suits. he used to be one of them. i let the name and he's up to be taking off his bus. besides, by an auto asked alon by being vague to sign a b m w is looking at using the block chain for the future fleet of electric cars to interact with public transport. lufthansa wants to see if the block chain can

better track parts and maintenance and dodge telecom, using smart contracts to negotiate terrace for roaming costs. with other telecoms, if we can store traits, certificates, and shipping documents on the block chain, you can check to see where those organic alcaraz really came from. for grew them for packed them and ship them. you might wonder, what's the point of a block chain if it's controlled by a company? well, i compare it to the open internet versus company owned internet's. they both exist . meanwhile, facebook announced a crypto currency for the 2000000000 uses. such a system might be more efficient than a public doc chain, but there's a downside. some governments banded within weeks. right now the way it is a paper that's being shifted around that doesn't make any sense that infrastructure needs to be or why occupy wall street when we can build a new one on the block chain instead in the future of the centralized finance stock

certificate, corporate bonds, insurance policies, property, deeds, mortgages, all can be turned into crypto tokens and may tradable 247 what's, what's more exciting than tokenize security, the traditional businesses where it's just an equity that you probably around is totally novel digital securities that you couldn't do before. right? novel use cases where you could kick back flash on a continual basis. i think some examples of this that we're seeing our maker down finance, which is finance point that's actually much bigger of an opportunity because it represents something totally new. my name is dr. jim a great and i'm a co founder and chairman of pal ledger and we use the block chain to enable electricity trading energy asset financing and carbon market. this award winning australian company wants to take us to a common free economy, foster. gemma has identified

a problem apartment building often nearing the tentative and it main if there is still a panel, the apartment isn't really incentivized, so i'll go back to the 10 and if it but using up all the tenant will pay the electric bill to the body corporate using power ledger the $10.00 and paste the owner, not the power company for the electricity. if the tenant isn't at home, the unused energy will be sold to a neighbor, lowering the power bill and making a profit for the owner. it actually create the mechanism to justify investing in the capital in the best buy. this clever system could also speed up investment in sustainable energy projects by making it real easy to own a piece of a solar or a wind farm. why do i need a block chain for this kind of invest in a solar farm without this new fancy tech? what chain acts as a kind of an income register? and in taking the asset, it becomes tradable on an exchange, or in 2 or 3 solar panels of a 1000 in

a sofa. and you would say the income associated with that amount of, you know, bankers don't very much like being cut out of the cash flow loop. so they took another look at mister commodus curious little white paper, and they've recently been spending a $1000000000.00 a year in block chain research on it. photoshop's anti bank invention has all been used by the banks to move money faster and buy big business to track supply chain. i crypto currencies digital tokens, public block chains, private block chains. where is the killer app? well, adoption of new technology often follows old trends. my name is mark francesca, i'm here at oxford, oxford on the faculty. i mean economics o c ologist by training,

interested in how large scale infrastructure changes. so great to see you after 9 years. i know mark teaches a class on innovation and system building. he tells me what must align for new technology to become fruitful. all technology start out as interesting ideas. some of them begin to develop into innovations and we know that that are from invention to innovation, takes all the time. it takes a lot of work. some of those innovations eventually become commercially viable. but can this technology ever become a pervasive as the internet? i came to the computer history museum in the heart of silicon valley to find out. so you're looking at the console for sage, which was probably the 1st computer network. there were 23 centers around north america to warn against soviet bombers and they were waiting for world war 3 of the us military and some american universities asked this guy to create a new kind of network to connect their separate networks. this young girl got up

and she had a bunch of questions, but 1st one was how did i manage to can do all the governments of the world to let us build the internet? you know, i said, well, except for the handful of us that we're actually working on the internet. nobody else really thought it was a very good idea. and so you think it was going to lead anywhere and, you know, we pretty much had free running room. yes. that's the man who, corn vender, tcp ip p, about 50 years ago. that's the original academic paper. you can think of t c p as the backbone of the internet. but back then there were many competing technologies. there was a very big battle over the protocols. tcp ip didn't just win by default it was through attrition by basically being better, simpler, easier to deploy than all of the other cannibal and more scalable. and it had a lot of competition from phone companies. and then there's email, email i heard that's really neat. email was to have the internet 1st killer. then

in the early ninety's, timberly introduced the world wide web as a 20 page proposal. soon, there were browsers that made it more accessible and user friendly for the general public. i think with the internet is going to be one of the major forces for reducing the role of government. and the one thing that's missing, but that will soon be developed is a reliable cash. still few understood the potential of this new tech from people that thought it would be the world's greatest library to some of the early cypher punks who are the direct fathers of crypto and certainly bach chain type ideas who thought much of today that it would create kind of a commons that was outside of the direct control of normal laws and governments and the media. they didn't quite know what to make of this new thing either. but sure

enough, they found juicy stories about the dark side of it, which was the internet is full of criminals and peter files and pornography offers . and it's too dangerous to use your credit card on it. it's full of scam within the exact same story. now, we envision technology as if it were autonomy, us as if it were simply outside of human and social experience. what we see are technologies that become shaped by commercial interests, by a political and regulatory infrastructure by actors who are acting for many reasons, right? what do you want to remember, bob? the big telecoms wanted his thoughts on a little idea that were kicking around for a family meeting where they were trying to figure out how they could buy the internet. they couldn't kill it. well, why not own it? i caught myself by an executive at a large information company. it's probably in 1990, if they could buy the internet. and i remember asking them, well, why don't you buy the world economy and you can have everything. once you buy the

weather and you can control that, it took a few decades and hype cycles, but the wild internet was eventually domesticated, coughed it by trillion dollar companies, and then from mentally transformed how we shop work and communicate speaker's corner in london's hyde park. 450 years. this has been a safe place to stand on a soapbox to sell your ideas, preach the gospel, bad mouth the king, or promote communism to day, but the world wide web, we can stand on giant digital. so boxes using facebook, twitter, youtube, we can share ideas or thought a fight with any one on the planet. oh, wow. well, almost any, one of $65.00 countries studied china has the least free internet worse than iran, cuba or syria. a police force of more than 2000000 cyber cops and the world's most

sophisticated artificial intelligence system. keep china's web content clean and uses incheck. so sorry to break it to you, but there is no longer world wide web. welcome to the internet. to be fair, some of the censorship is to prevent terrorist recruitment or to stop violent moths from hurting people. but i think government control over the internet has gone just a little too far. hold on fatah, she turn money into code, coders, just letters and numbers, which is speech writes or money now is speech, which is a pretty powerful idea if you think about it. but if bitcoin is this uncontrollable uncensored will, technology can the block chain also enable global free speech? in some places it already does. one chinese student tried to report a sexual assault and was silenced by her college. but she knew that she could attach a message to the metadata and a theory transaction. so she spent $0.15,

and now her letter outlining her story. and the threat she received is on the public assyrian blockchain, where it will remain unchangeable for ever the early crypto. pioneers wanted to democratize money. finance. 2 point. oh, if you will. but now the believe us in the block chains have their eyes on a bigger price. they want to decentralize everything. wet 3 point. oh, you can, for instance, offer file storage in a way that an amazon job or that you could offer search, you know, the way google does, but do it in a peer to peer fashion without this behemoth at the center, extracting rooms and do it in a way where all the people that are users or that can benefit and they really could some day compete with if not even take down some of the big tech giants like the facebook and google's and the amazon that we know that, that tall, tall order and is it is, but i mean,

who would have thought at the beginning of the internet that would be, it would be out and it's too early to tell where the projects like these can succeed. but i do like the idea of digital property rights wouldn't be nice if companies paid us encrypt currency when they use our data. and if we control who has access to it, instead of our digital overland, because let's be honest. do we really trust google, microsoft and facebook with a block chain? we don't need to rely on middle men anymore. it's a trust las system. meanwhile, if you room is building the future of decentralized finance with thousands of applications, but the network is also struggling to keep up with demand. oh, and new competitors on the rise. so guys like you will build a better future and we can trust you guys better than the bank because you don't have to trust us. that's the beauty. we're building a trust list, the centralized system that gives power to people travel. it sounds like there's no trust, but actually it means we don't need to trust you. i think the better word should be

trust to free. about one 3rd or maybe half of the cost of the transactions are paid to establish trust between trading parties. like we're paying for lawyers, we're paying auditors who are paying even please even regulators government to, to build trust, ensure everything will be enforced. so talk to quite expensive block, hey, is the 1st time that we saw some technology that can eliminate the cost or reduce the cost of trust, dramatically magical things that will happen. trust may be expensive, but it's also short supply all around the globe. people have been losing faith in the media institutions and governments, this technology with a big brains and big egos behind it could fix one of society's biggest issues. but just how different are they from our current political, financial, and business leaders? are there systems really resistant to corruption immune to manipulation and worthy

of our trust? maybe that's why the best bet is on the only project without a figurehead. bitcoin doesn't care about human drama, bad press, or what anyone thinks? yes, sure. it hasn't succeeded as a global currency yet, but in the past decade it has been the world's best performing financial asset. so we're back to where we started. the genius who vanished where she being gone from big coin they coined it's really a very decentralize work and currency. he was intelligent enough to know that a system without a father was going to be much more robust than a system with a father. no father, maybe, but without leaving a will, the kids are now fighting over the meaning of his invention. and the inheritance projecting their fears and their fantasy onto his legacy. for some it's money for the internet. let can replace middleman and bank the on

banked and maybe a tool for less a trade or is it digital gold, a totally new asset class, a bet against the bankers and insurance against inflation, protection from corrupt politicians and a weapon against the state. maybe the end of money as we know it. for some entropy nurse, it represents a shortcut to fund their dreams, a platform for federal finance, which is wayne, come and fight it. some say public block chains or just slow and useless databases, while big business is busy building private block chains to boost efficiency. or maybe this, the centralized technology is a new protocol layer for the internet. upon which we can build a better web to dethrone the tech giant's reclaim free speech, protect online identities and facilitate free trade in a border less digital economy. and yes, maybe even save of a planet. less

a never ending list of crypt hopin ideas there's a bit too much to ask of a 9 page document. yes, you are the internet and the web started out as white papers too. but it took decades before it infrastructure was built, became user friendly and ready to scale globally. we kind of domesticate the wild potential of, of technologies into what familiar and we dramatically underestimate are under imagine what that technology may eventually do. it'll be the users may be billions of them who will adopt this technology without even knowing what a block chain is or how it works. because here's the thing, the average users don't care about the wires that moves them money quicker. don't know about the software that moves this movie or that picture. what will move them a services that will make the days a little brighter, their choice,

a little lighter, and their lives a little richer. the hello they hot and dry conditions continue to dominate. across the middle east, the gulf states are seeing temperatures, klein, saudi arabia, in particular, seen temperatures above average, 44 degrees in riyadh. and it's a similar story for iraq. 47 degrees in baghdad, but have a look at queue weight as we go into the next 2 days. temperatures edging up to 50 degrees celsius. so some pretty intense heat on the way things are looking cooler as we edge towards the south. oman scene temperatures, dip down musket, nestling into the mid thirties as we move to the horn of africa, the things are looking rather cool across the malia and d. c. p sion, some showers affecting the ethiopian rift valley,

but for the wet weather we have to look to the gulf of guinea as we go into friday . nigeria, seeing some of those rather intense showers, but the wet picture really is in south africa that eastern coast seeing a weather system that's bringing with it some wet and windy conditions and that'll affect southern areas of mozambique. we could see some localized flooding here, where those down pools aren't particularly heavy. for the western coast of south africa, things are cooling. we've got a wind from ag, dr. keeping things cool. who's june on i just either who will take half honeys plate will bring you the latest from ron's presidential election on june 18th. the bottom line returns to discuss current developments in us politics and how they affect the world member state to gather in the u. k. on june 11th for talks on key issues at the g 7 summit,

a new series portal brings us award winning digital content to our tv audience. and the sentencing of derek children will be handed down on june 25th join us for loans coverage. at this historic us court case reaches a conclusion. june on our jazz ah, with the rush to contain an unfolding environmental catastrophe. salvage cruise deal with a cargo ship thinking officer, linkers coast. ah, madison, this is a lie from dough hobb also coming up,

the emergency crews are battling a large blaze. after a fire breaks out at a refinery in southern opposition. parties put together a coalition to form an.