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Blockchains and Blockheads

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Why tokens are an interesting use of blockchains and how tokens will be used to create cryptomarkets (that will be huge).

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Blockchains and Blockheads

  1. 1. February 19-21, 2019, Berlin February 19-21, 2019, Berlin David G.W. Birch www.dgwbirch.com @dgwbirch Blockchains and Blockheads
  2. 2. February 19-21, 2019, Berlin Most blockchain ideas were stupid Just saying…
  3. 3. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Most blockchain ideas were stupid • It isn’t a “truth machine” • Most of the problems described were really about data sharing • “smart” “contracts” are not • The cryptography is hard to understand and benefits are counterintuitive
  4. 4. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Example!
  5. 5. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Wait, what is a “blockchain” anyway? • McKinsey “Every piece of information is mathematically encrypted and added as a new ‘block’ to the chain of historical records”
  6. 6. February 19-21, 2019, Berlin February 19-21, 2019, Berlin So why use a blockchain at all? As a security layer for digital asset trading
  7. 7. February 19-21, 2019, Berlin Tokens? Between the governance and the applications, we can think of the ledger in four layers
  8. 8. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Totally Tonto Tokens? $$$ billion raised to date
  9. 9. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Token Regulation Securities tokens ICOs SEC “walks like a duck” etc Utility tokens Access to services Money tokens (FCA ”Exchange”) Claim on future products or services Liquid alternative to “traditional” equity and debt 9
  10. 10. February 19-21, 2019, Berlin Creating cryptomarkets A Layered Model for Discussion
  11. 11. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Don’t Listen to Me (March 2018) 11Listen to the money
  12. 12. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Don’t Listen to Me (July 2018) Listen to the VCs
  13. 13. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Don’t Listen to Me (September 2018) 13Listen to the Winklevii
  14. 14. February 19-21, 2019, Berlin Don’t Listen to Me (February 2019) Listen to Jamie Dimon 14
  15. 15. February 19-21, 2019, Berlin February 19-21, 2019, Berlin Where next? Three predictions! • Cryptomarkets turning assets into “money-like” digital assets that can be traded without clearing and settlement; but also… • No clearing or settlement • Enterprise Shared Ledger (ESL) as a software category that provides a new way of doing business, and… • Zero-knowledge proofs • Open book accounting in an environment of ambient accountability. • Transparency with homomorphic encryption
  16. 16. February 19-21, 2019, Berlin February 19-21, 2019, Berlin in the future, everyone will be famous for fifteen megabytes engage 15Mb Ltd. post 1 Armadale Road, Woking, Surrey GU21 3LB, UK call +44 1483 834631 contact dave@15Mb.ltd visit www.15Mb.ltd follow @dgwbirch comment blog.dgwbirch.com connect https://www.linkedin.com/in/dgwbirch/ order amazon.co.uk “Before Babylon, Beyond Bitcoin”

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