The document discusses sharing metadata across data lakes and streams. It proposes unifying the Hive Metastore (HMS) and Schema Registry so that batch and streaming systems can see each other's metadata. This would reduce the number of separate metadata systems administrators need to maintain. The document also describes making the HMS standalone so it is not required to install Hive, enabling other systems like Spark and Impala to use HMS independently. Finally, it provides use cases where streaming applications need access to batch data in Hive tables and vice versa.