Crunchfish AB (publ)

Hi, everyone, and welcome to Västra Handeln Market Focus. My name is Martin Dominik, and I will be moderating this session. And today, we will focus on Cornfish and its Q2 report. And I'm happy to have CEO Joakim Somersen here. And we will also, I urge you to sending questions through a form, Q&A form, and we will start discussing the Q2 report and some topics. So let's start. Yes, absolutely. Okay, a main theme in the report was the deal with Tata Consulting Services. Could you just explain what CCS is doing?

Well, yeah, TCS, an Indian company. It's the largest IT company in the world. We met with them in, well, in Cape Town last year at the conference that's when the contact started and then we met them again in KL and we were just laughing that in my hometown Helsingborg we are 150,000 and there are four times more people in their company. They have one campus in Chennai which is 40,000 people just in one sort of one office and they are expanding that because it's not big enough. So it's a huge IT company and they do IT services all over the world. They have, I think, their operations in 55 countries. And so main thing for them is IT consulting. But they have also, out of that, created products. And... They have products for CBDC, central bank deal currency. What they really have built is a platform called distributed ledger technology. It is that instead of having a single point of failure, you could have several nodes, which are all distributed. interconnected. So your data is distributed on several nodes. And how do you get that system up and running? They can sell that to stock exchanges. That needs, it's mission critical. It can never go down. But also for central banks or the payment system, you may want to distribute your ledger technology. So if one node goes down, it's still up and running. So they have that technology. That's sort of what they do.

Where do purchase fit in?