Yes, this skin is rich in materials that are very helpful in healing wounds for people who forget about the people who are appointed with persistent wound care. Whether you have diabetes or a burn. They really have developed a this market with their skin. This can be used and it is testing better. I didnt know that another product being used is pig intestines. What we want to show is that the future is here. Andre adopting products adopting things that we never thought was possible. It really goes into something you probably have never heard of and you should probably know. Hundreds of millions of people supper from wounds around the world. This could be a breakthrough. Oliver this harkens back to material science. It is a very specific sort of technological advance. There is a lot of Interesting Development happening. These ones asose being the most interesting were most compelling in terms of showing where technology has gone . I think we always want to bring it down to people. When we look at global tech we dont want to just do an issue. This, the story about their skin is personalized. This guy who found about this product traveled to finland. He had an issue with his job and this is really helping him. Putsthis Purpose Technology in contact. It changes normal lives. It is more accessible to people. That is why i love this issue so much, it is not just algae. Technology. We think everything is happening in San Francisco that it is not. We cant bring that point on to people. That is why i call it global tech. Silicon valley is a microcosm, a lot of people have stereotypes of it. What i think is really important is to get the dynamic of how technology is issued globally. The centers where it is cropping german Computer Clubs. That is the defining thing about the technology, it is happening everywhere. Oliver speaking of berlin, this is such a bizarre story that has such meaningful impact on elections. There is also a great look at the people here. Tell is what the story is about. Thanks we hear a lot in the press about Russian Hackers and hackers and disruption and this is the group in germany that is actually really wellliked and has been working on safeguarding the german democracy from packs for quite some time now. It is such a different tale of hackers. It is a story of love, hope and optimism. The intersection audi with hacking. This is a special one and im so glad we profiled it. And a cocktail. It is not rum and coke but it is Something Like that. This has been around since the early 80s. I have been following them around for the last several years. Among the thousands of members and even thousands more of them who come to their offense all throughout the year, you have people who have information security, people are just starting to hack. Older generations who run the biggest tech prep Tech Companies in germany and teenagers who are interested in the trade. That is what they are trying to do. They started as a warning of the dangers of what could happen with Tech Computer technology. Now that we see some of the things that are happening, we are looking at them now. The latest threat, which is the threat to democracy. We want to talk about that. This is more about how this group is a guerrilla resistance against some of the things happening around the world. First tell us about where this came from. Who were the founding people here and how does the composition look now . Beginning there was a philosopher and he had the manifesto and started talking about hackers. Through to you got the 80s and 90s they had performed some really spectacular public hacks. They found a way to set up the website and have a bank essentially pay them and automatically equip. They gathered the equivalent of 50,000. Spectacularly they returned it to the bank. Had the thing euros of german officials where they were promoting passports and showing how is it was to get a ministers fingerprint off the glass. They reproduced it in their own magazine on pieces of rubber and it really be read by most readers. These restaurants that help them advertise to the german public that they should be weary about what they read in the newspapers and the promises that are made to them by banks and governments about their own personal cybersecurity. They continue to this day to do that kind of thing. Is of the crucial things that 10 years ago they did a similar thing with the Voting Computers that could be rolled out in germany. They said that we could probably sees them how to play. Within a month they had one of these rudimentary consoles, playing chess but playing chess nonetheless. Badly but chess playing chess nonetheless. Terms of thinking about cyberattacks and hacking, why is the United States so far ahead of everyone else . We started looking at the data being gathered around the world about big news and other elections and one thing that we saw was the Internet Institute at oxford that was tracking twitter activity and what they found was much higher levels of professionally made news versus the amount of other political content on german twitter then there was in the u. S. Or the u. K. In the runup to elections. Theanswers included terrible history of germany, the way they used surveillance on the people. Thisp to right up to grassroots resistance of chaos Computer Club. They are really a social activist Digital Rights organization. They are a hacker group but they are also a lobbying group. Online, you will find photos of the chaos Computer Club. S how do you approach the pictorial elements of it . You want to capture the wild of this grouprgy of 800 people. Next this picture certainly captures the chaos of it. The programming nights are actually Public Outreach that they do, bringing this to a wider audience. They do it with nash. Panache. Up temporary kiddie pools and chairs and all kinds of wacky energy. Show me some of the other pictures. Sure. There are probably so many Different Things that you could shoot, there is a lot of activity going on. You did show the goulash. We did, this is a great iconic this is an hipster thing at this point. As a photographer, i am sick of looking at this. They had their shoes off and they set up these large banks of an old german factory in southwestern germany. Of coding rave, in some way. The picture really tells it. Really anlike it is office, it is just a ton of people working on this. Right. They are really getting into it. Up next, nokia fights to stay relevant. China may bend missing out on a big room, we will tie you big boom, we will tell you which industry. This is bloomberg. Welcome back to Bloomberg Businessweek. Catch us online at businessweek. Com and on our mobile app. In the Global Technology section, nokia is working on making itself over. Here is reported drake bennett. They came out of nowhere from this very small country to markete the mobile phone for 15 years. They were the top of the market. Motorola and other people like that, before falling pretty precipitously off the cliff. Thats what country is finland. What are they doing right now . They used to be so ubiquitous. They are pretty much out of the consumer market, their clients are basically verizon, deutsche telekom, these big level providers. They sell the stuff that is the plumbing of mobile infrastructure. It is the cell towers. They sold some of their business to microsoft. The handset business and nokia was doing terribly and they got out of it by selling to microsoft. What happened to being ubiquitous, on any mobile phone market and then all of a sudden not. The iphone happened to a lot of people. Nokia was one of the biggest victims of it. Busily made a lot of money on these phones, they made them fairly cheaply and they were. Eluctant they opted for a cheaper model and people did not want the phone, even in finland. That is not good when you cant get to home base. Now what they are doing is a are is it about Data Services . Providing an essential service . It is all the stuff that happens between my phone and your phone. Nokia provides that. Transmitter, it is the radio transmitter, it is the antenna. Increasingly it is the software is degree it outweighs to more efficiently is this limited bandwidth to sabotage peoples oh satisfy peoples hungers. It turns your voice into a digital single and then the sound of a voice. It is all the software that keeps track of whether you are a verizon customer, can you use this, it is taking this complex choreography happen. They are also making a big bet on future choreography in the form of 5g. About thisthe thing business, there are long periods where people are slowly up grading or maintaining their records and every several years there is a jump to a new generation of wireless standard. 5g is the next one. It is due to start coming online in the next couple of years. There are a few limited, citybased trials going on, south korea is hoping to have a system in place for the olympics. It is still a couple of years off. Does it work so well . It is complicated. The problems are solvable. The other question is whether we will need this. A lot of the stuff for you and me works pretty well for the uses we need. The argument that no kim makes is that there is this whole new generation of stuff that we will be able to do with this increased capability. Such as . These machines talking to each other, wireless cars, automated factories. They can be much more fluid because they are not tied to a cable. Basically, all of these other things will get smarter and wired data and we will need this this is Bloomberg Businessweek. Oliver welcome back to Bloomberg Businessweek, i am oliver renick. In the technology section, u. S. Lawmakers are blocking chinese purchases among record dealmaking in the ship industry. Here is reported in king. This was unprecedented. Is the history of the chip industry, it is getting together, rapid pace consolidating into a few concentrated companies that are responsible for the majority of reduction. Production. When it comes to Chinese Companies that want to be in that consolidation wave, they are being left out. How come . Primarily a u. S. Industry. China is the biggest market for ships, 59 of the overall market is sold into china but it is a u. S. Industry. Way to get expertise, the fastest way to get market share is obviously to go out and buy it, go out and buy companies. What we see is the u. S. Government does not want that to happen. Lets talk about one specific person in the story. I think it is an interesting antidote. Villerback. Ck tell us about his company. He is representative of everything that we just talked about. It got to the point where going to that next from hundreds of millions of dollars in revenue, it is too much for them. They are obviously looking around and looking for a buyer, china is out there, china is a national policy. Clearly, that is something that is attractive. There was a partner found and everything screeched to a halt. There is an interesting stat in your story that jumped out at me. The 10 largest some conductor makers control about 76 of the global market, that share is rising. None based in china, that is ironic considering that china is such a huge buyer of chips, they buy the most of anyone else in the world. Just to put that in perspective, they said imports of chips to china absolutely outweigh imports of oil in terms of total value. Obviously, from the chinese perspective, that is a huge outflow of money. There are elements to the Semi Conductor industry stay focused on china, president she just made the first visit to hong kong since taking office. Here is editor, matt phillips. What we know about the what do weng know about the current standing between president xi and hong kong . Hong kong toting mark the 20th anniversary of the hand over to the chinese from the british. It stated that china would give hong kong its freedom and authority for 50 years, there is concern increasingly over the past couple of years that beijing is encroaching on those have been a lot of protests in hong kong recently particularly among young people who want democracy and to maintain free speech. They want to maintain all the auspices of the Hong Kong Freedom to have had for the last decade. There are worried that beijing is encroaching on that. I remember that. I am just curious, 20 years later, those freedoms in place and the citizens of the people of hong kong enjoying that freedom, what would be president xi jinpings message . It will be twofold. I think it will be be careful what you wish for in terms of protest. He wants to be positive with his message and say there is a lot to be gained in strengthening the economic ties between hong kong a huge Financial Hub and china. I think there was a stronger Bargaining Power that existed between hong kong and china at the onset of this relationship at a timeng kong was where its Economic Growth and economic strength was a much bigger boom into chinas overall economy. Has the growth in china eroded the negotiating power . I think that is right. In 1997, hong kong was almost 20 of chinas overall gdp. They had a lot of room to stand on and negotiate from. Now it is like 3 . China has grown tremendously over the past 20 years. They have a lot more leverage. It will not necessarily stand for some of the antichinese rhetoric that we have been seen recently. We have seen some crackdowns where booksellers sell anticommunist paraphernalia. They wind up apologizing on the mainland a few weeks later. There are questions about whether or not hong kong has diminished in terms of its leverage. Lets also remember that it remains under common law. Has a free market capitalist economy which is tricky to fit into the one party policy in china, it has been a relationship that has been fraught for years. There are massive protests, thousands of people want to the streets. They want direct elections, they did not get them, there was a big crackdown. Seem next, why india cant to kick its cash habit. Also, why low hanging satellites are changing on earth. This is bloomberg. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Bloomberg businessweek. Please how satellites are transforming space. All that is still ahead on Bloomberg Businessweek. Oliver we are back with Bloomberg Businessweek editorinchief megan murphy. India has been trying to find a way to win its people off of paper currency. This was the shock move by prime minister. He said it was a method to corruption. This is a country where 90 of consumer transactions were done with paper. The scramble to move both of these Digital Payments which are andys from atms allows them to make this change when physical money is john from the system. There is a Huge Trust Deficit when it comes to the digital world, there were to change it is cultural. They are afraid of pushback. I think we see this in india and other areas where when people start with mobile payments or Digital Payments, it becomes intrinsic to the community and they accepted and it moves forward and it becomes impartial. When you are trying to overhaul and change a culture into doing Something Different, that is much harder, in everyday you see huge traction because people had never done these transactions before. It is a very different thing when you are trying to tell people to use their phone for all of this. The success rate will be geometric, they have so much invested in doing it. It is challenging, it is an unwieldy place and all of its chaos and craziness to begin with, that is the best part about it but corral enough around this is quite tricky. Oliver 90 of commerce is done cash transactions transactions. Are they settled on this . Has the government decided that this is what they will work towards . I think it will find a way to get there. You see people who wanted to all of this, by the way, there is other countries that are not india, the u. K. Has recently made a shift. This is not something totally new, it is doing it on the scale. I think it is surprising people. A majority dont have access to the internet. That is problematic to. Megan that is the one thing across all of the economies. It is not be broadband access, is the mobile access. Even where people are still have two g, they dont smart phones, they are using the phones that people used a decade ago, it is adapting that Tech Knowledge he technology. Lets bring it back to global tech and talk about the very exciting story about space. . Hat did you guys analyze megan this is truly majestic. Is one that i am really passionate about because i grew up as a kid wanting to be a national. An astronaut. I was obsessed with the space race. What actually goes into is how the space race is and how important it has become to our everyday lives in cataloging, surveying, and picturing what is going on on earth every single day. It is not just google maps. It is making this technology to accessible to a much broader spectrum of people. Carol satellites are everywhere. They are watch