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Hello everyone. Welcome to the 5 Minutes Podcast. Today I like to talk about TRL or technology readiness level. I released a video on my YouTube channel recently talking about this, but what I want today, I don't want to go over and explain everything again, but I want to explain to you why this is quite nice and relevant to. First, the trial was created by NASA in the seventies, so it's not something the concept is not something that was created yesterday. And what was the problem that NASA was trying to solve when they created this kind of scale to make sure that the technology is ready to be used because the risks of space exploration are very close to unlimited? It's a very high-risk scenario. So what did they want? They didn't want to implement a new technology that was not fully tested because this could put at risk all the mission, all the investments, and the people, the crew, the research, everything would be just destroyed if you implement a technology that is not ready. So they created this from drill one up to nine based on the maturity. Basically, they did something like three blocks. Trl one, two, and three are what we call research on these three levels. You are talking just about assumptions. You are doing research, you are making some principles, making some small experiments, making something. For example, there is more test and active research. So usually, these research groups come from universities. So someone had an idea, for example, I think that, for example, that kind of material is very good to cover the seats of a car because they are fire resistant, for example.
But at that point, I cannot produce cars with that technology yet because there is still a road to go to prove that that technology is feasible. And then when I reached this, I would say this initial proof of concept, I go to the development, and this phase is very important because this phase you start to spend a lot of money on that research and at the same time, the risks are still very high because on the research the risks are extremely high, but you are not spending a lot of money, but that the development you are starting to use labs. You are, for example, on TRL six, you are, for example, building a prototype. So you are talking about, for example, if you are like Boeing, like Embraer or Airbus, you are building a prototype. The prototype is not cheap at all, and you are not sure if things will work out with the technology you are trying to test. And then only after that do you go to the deployment. And this deployment, of course, you continue to spend money, but now you are mostly transitioning that idea to a large-scale environment, to the use. And this is the journey from TRL one up to nine. And what you need to know here is that if you decide to take an idea that is in TRL one or two and put it into production, there is an absolutely relevant risk that things will not work out.
For example, we are now talking about self-driven cars just to use, as an example, self-driven cars. It will be very hard for any car manufacturer to release a feature like that without making absolutely sure that all possible tests were made and all the required approvals were made during the deployment phase. Because if things go wrong, and there is a chance that things will go wrong, you will be in deep trouble. So this is exactly when I talk about technology, and this is why in my examples, I was not trying to talk about it because every time I talk about technology, people stick almost automatically to it, to software. And, of course they are l one up to nine. They work perfectly for software. For example, let's suppose you are a bank. You cannot say, Oh, I have a new feature that people will use to transfer money, but it's not mature. But let's put to our 3 million clients to use it. There is no way you will do that and there is no way that any regulator will allow you to do that because this technology is not ready yet. Look, Bitcoin today is an example. There are many, many organizations that consider that. Bitcoin is not a technology that is ready yet. Despite that, some organizations are using it because there is a lot of uncertainties on the legal aspects on the way we control, on the way you avoid, for example, any criminal activity.
And these are things that you need to find a solution to. And the trial in 2013 became an ISO. So there are many organizations using this, and this is a very nice tool when you get trapped to think about, okay, so let's build just using as an example, let's build our metaverse, let's build today our metaverse. You should go back and do your research and say, okay, the metaverse concept, where is it now? Is it TRL three, four, five, and six? Right. Probably. I'm guessing here, I'm guessing here, but it's something probably between five and six. So if you put all your stores, for example, inside the metaverse now, you can, but you need to know the risks you are running. And this is exactly why I created the video, and this is why I'm sharing this with you. I invited you if you didn't have time yet to watch the video. It's a 30 minutes, 25, or 30 minutes video. It's on my YouTube channel where I go to every single TRL explaining them, and it comes with a primer with like a thermometer explaining how you frame your technology to see where it is in terms of maturity and how ready this technology is to take off in your project. Think always about that. I hope you enjoy this podcast, and I will see you next week with another 5 Minutes podcast.