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Towards a Post-Modern Hash Chain Future

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Towards a Post-Modern Hash Chain Future

  1. 1. Toward a Post-Modern Blockchain Future Casey Kuhlman CEO, Eris Industries @compleatang @eris_ltd
  2. 2. What is a Blockchain?
  3. 3. A Blockchain = A Network of Blockchain Clients
  4. 4. Blockchains (Both Public and Permissioned) Characteristics ● History Rules – Let's agree on what the worldstate of data is and was. ● Signature Authority Rules – Let's agree on our ability to write to the data set. ● Network Rules – Let's agree how to talk to each other. Benefits ● Incredible Verifibility ● Systemic Resiliency Challenges ● Privacy ● Slow
  5. 5. Public Blockchains Characteristics ● Economic Solution for Consensus ● Fully Immutable History Benefits ● Censorship Resistence ● Data Permanence Challenges ● Expensive ● Can It Do What A Developer Needs It To Do?
  6. 6. Public Blockchains Public blockchains come in two flavo(u)rs: Transaction-optimized ● Give developers: verifiable title transfer ● Examples: BTC, SkuChain, most of the “coins” Logic-optimized ● Give developers: verifiable process+title transfer ● Examples: ETH
  7. 7. Permissioned Blockchains Characteristics ● Semi-Immutable History ● Capabilities Based Permissioning Benefits ● Fully Verifiable Business Processes ● Stakeholder Coordination History Challenges ● Slower than existing data solutions ● Do not purport to change existing political power dynamics
  8. 8. Permissioned Blockchains Permissioned blockchains come in two flavo(u)rs: Transaction-optimized ● Give developers: verifiable title transfer ● Examples: MultiChain Logic-optimized ● Give developers: verifiable logic+title transfer ● Examples: Tendermint
  9. 9. Same DNA, Different Environment
  10. 10. with eris...
  11. 11. Private & Confidential Blockchains give us verifiable DATA Smart Contracts give us verifiable LOGIC
  12. 12. Smart Contracts Characteristics ● Scripts Saved in a Blockchain ● Almost every Blockchain is capable ● Capabilities vary Benefits ● Verifiable, Distributed Process Assurance ● Multi-Stakeholder By Design Challenges ● Reactive ● “Reach” limited to the blockchain they live on
  13. 13. What is Being Done With Smart Contracts? Industrial Applications ● Finance – Bond origination – Trade finance ● Insurance – Real-time policy coverage – Self-organizing mutuals ● Construction & Health Care – Supply chain tracking – Automated job tracking & payments Governance Applications ● Poverty reduction – Grant management – Administration of public benefits dispensation ● Public goods – Drone airspace auctioning – Mesh network connectivity ● Open Data – Publications Transparency – Budget transparency New applications ● Distributed process – Information Age Guilds – P2P on-demand platforms ● Process assurance – Community based lending mechanisms – Education certification schemes ● Sophisticated Sig Rules – Distributed employment – Distributed content
  14. 14. eris The Blockchain Application Platform
  15. 15. Blockchain Application Design
  16. 16. The eris Platform ● Drastically reduces complexity of operating and developing blockchain-backed applications ● Blockchain agnostic – developer chooses the appropriate blockchain(s) for their application ● Embraces a harmony between the distributed computing camps (P2P tech and cloud tech) by bridging the two ● Smart contract focused ● Distributed infrastructure optimized (cloud-ready) ● Details as to the platform available here
  17. 17. https://erisindustries.com

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