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More people, less banking: Blockchain by Salvador Casquero at Big Data Spain 2017

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Primary function of banking sector is promoting economic activity; which means “commerce”, exchanging what someone produces-has for something that someone consumes-desires.

https://www.bigdataspain.org/2017/talk/more-people-less-banking-blockchain

Big Data Spain 2017
November 16th - 17th Kinépolis Madrid

Published in: Technology
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More people, less banking: Blockchain by Salvador Casquero at Big Data Spain 2017

  1. 1. Decentralized finance: more people, less banking Salvador Casquero Algarra 2GT Co-founder. The world’s collaborative bank
  2. 2. What is the ESSENCE of BANKING
  3. 3. Primary function:PROMOTE ECONOMIC ACTIVITY ! Production Distribution Consumption SELLSELL TRADETRADE BUYBUY EXCHANG E THINGS EXCHANG E THINGS COMMERCE
  4. 4. Bartering Gold, silver, copper coins Paper-money Song Dinasty Ming Dinasty Salt, pepper, bones, stones…
  5. 5. 1971 Bretton Woods collapse FIAT money –free floating monetary system 35 $/ounce Financial intermediati on Fractional reserve Credit creation 1944
  6. 6. BANK of ENGLAND Money in the modern economy: An introduction, by Michael McLeay, Amar Radia and Ryland Thomas of the Bank's Monetary Analysis Directorate
  7. 7. A Peer-to-Peer Electronic Cash System November 2008
  8. 8. ck To Basis: from physical BARTERING to digital COMMERC
  9. 9. COUNTERPARTIES
  10. 10. ASSIMETRIC CRYPTOGRAPHY
  11. 11. HASH ALGO Hash function/Algorithm
  12. 12. PROPERTY
  13. 13. CONSENSUS
  14. 14. P2P Network
  15. 15. We’ve got Alice
  16. 16. … we’ve got Bob
  17. 17. We’ve got ourselves
  18. 18. Belonging all to the same P2P network ALICE …
  19. 19. Belonging all to the same P2P network AND BOB
  20. 20. What about the asset
  21. 21. COUNTERFEIT
  22. 22. TOKEN
  23. 23. LEDGER
  24. 24. LEDGER 1 apple
  25. 25. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6 apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR
  26. 26. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6 apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR Token Balances: 300 liters of gasoline 50 kw electricity 35.73 bitcoins 5h of Salva’s work
  27. 27. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6 apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR Token Balances: 300 liters of gasoline 50 kw electricity 35.73 bitcoins 5h of Salva’s work SMART CONTRACTS Blockchain 2.0 SMART TOKENIZATION
  28. 28. 1 apple
  29. 29. Me Alice, want to send 1 apple to BOB 1 apple 1 apple Private/Public MINERS
  30. 30. Why is so IMPORTANT this technology … As Internet did, it will CHANGE THE WORLD !!!!!!
  31. 31. VE PILLARS of Decentralized SOCIETIES DECENTRALIZED COMMUNICATIONS  INTERNET DECENTRALIZED COMMERCE=FINANCE  BLOCKCHAIN 1.0 DECNTRALIZED LAW  BLOCKCHAIN 2.0 ( choice of law, adjudicators, enforcers ) DECENTRALIZED PRODUCTION  IOT, 3D PRINTING DECENTRALIZED ENERGY  SELF PRODUCTION/ SELF CONSUME
  32. 32. USE CASE: 2gether The world’s collaborative bank built over blockchain
  33. 33. USE CASES
  34. 34. Thanks!

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