Thanks, Joël.
I want to start with bracketing blockchain from crypto for a moment, because Brian, I think your comments around the value of smart contracts and the economic activity that can be facilitated by blockchain are unquestionably true. We studied Estonia's KSI blockchain and digital ID in the last Parliament, and there's a huge economic value and savings in that regard.
Aidan, you mentioned the value of blockchain in relation to tracking international aid. There's obviously, unquestionably, the value of blockchain in tracking food supply chains and supply chains more broadly, but I guess the question around cryptocurrencies in particular is this: What value are they providing to society as against the volatility risk that we've seen with Terra?
Even if you want to bracket off FTX from this to say that's pure and outright fraud and they were making claims around FDIC protection that they didn't actually have a number of months ago, there are still concerns about the protection on a consumer basis.
All that is to say, let's bracket these conversations and put our focus specifically on cryptocurrencies. What value are they providing that isn't provided elsewhere, as against the risk that is being created for consumers?