William Mougayar Presentation at the Georgian Partners 2015 Conference in Toronto, November 2015

1. © 2015 William Mougayar
Georgian Partners 2015
Conference
William Mougayar
Security First Keynote
Redefining Security
with the Blockchain
Thompson Hotel, November, 11 2015

2. © 2015 William Mougayar
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Cryptography
Science
BLOCKCHAIN
Software
Engineering
Cryptography
Science
Game
Theory

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Bitcoin Investments are tracking Internet
Investments
William Mougayar

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The Blockchain:
Alphabet Soup or Full-Stack?
Consensus
Identity
Zero Knowledge
Mining
Distributed Ledger
Smart Contracts
Identity
Keys
Consensus
Blocks
Cryptocurrency
Tokens
Permissionless
Permissioned
Messaging
Hash Tables
Identity
Keys
Storage
Messaging
Languages
Transaction Ledger
Consensus Method
Tokens
Mining
Nodes
P2P
Nodes Reputation
File System
P2P
© 2015 William Mougayar

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BLOCKTECH in FINANCIAL SERVICES Landscape
INFRASTRUCTURE & BASE PROTOCOLS
MIDDLEWARE & SERVICES
Public Special
Services Software Development Special APIsGeneral APIs Platforms Smart Contracts
MinersPayment
APPLICATIONS & SOLUTIONS
By William Mougayar © 2015 1.6
Exchanges Brokerage
Banks
Money Services
Investments
Trading
Capital Markets
Hard WalletsSoft Wallets
ATMs
Payroll & Insurance
Payments
ComplianceMerchants
Supply Chain
Source: http://startupmanagement.org/2015/10/22/the-global-landscape-of-blockchain-companies-in-financial-
Financial Data
Microtransactions

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…But Blockchains Aren’t Perfect
• Not sufficient on their own for many applications
• Because data is public
• Need other technology and solutions alongside
blockchains
• Private blockchains
• Zero Knowledge Proofs
• Ring signatures

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Don’t re-invent decentralized security, there are new platforms
Security and Privacy in the design, not as an after-thought
The Good News

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Some Questions
• Big problems with big databases
• Privacy of customer information
• Speed of financial settlements
• Security of applications data
• Online identity ownership
 Is the Web really secure?

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What is Really Challenging
Security?
• Consensus engines on
blockchains
• Decentralization of computing
architectures
• Peer-to-peer clients
William Mougayar

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New Platform Examples

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A Decentralized cloud platform
with guaranteed privacy.
 Private data is stored, shared and analyzed without
ever being fully revealed to any party
 Secure multi-party computation
 Powered by the Bitcoin blockchain enigma.media.mit.edu

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A Decentralized and distributed
Social Platform.
synereo.com

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A New P2P hypermedia
protocol:
Inter Planetary File System
ipfs.io

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Traditional Web App
• Client-side Javascript code run in
browser
• Server-side code run by a host
dApp web3
• Client-side code in special browser
• Blockchain ledger as a shared resource
• Smart logic runs on virtual network of
computers
A New Platform for Building
Decentralized Applications.
ethereum.org

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Implications for the Future
1. Secure data in applications
2. Decentralize user data to protect it
3. Learn Blockchains and Decentralization
technologies
4. Write smart contracts on new / thin cloud
architectures (no servers)
5. Rethink identity ownerships for your
customers

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The Times They Are A-Changin’
Bob Dylan, 1964
The slow one now
Will later be fast
As the present now
Will later be past

20. © 2015 William Mougayar
William Mougayar
Investor . Entrepreneur
Blogger . Board Member
wmougayar@gmail.com
416-648-7010
http://startupmanagement.org
@wmougayar
thank you