General Blockchain Knowledge Sharing - Thailand - AIS/CSL/TMC @ Captain Room - 19-07-2018 (contains picture and source from other publisher - accredited)

1. Blockchain - Knowledge Sharing

2. • What’s Bitcoin?
• What’s Blockchain?
• What is Smart Contract?
• Economic Point of View
• Blockchain Application
• Blockchain for Money Remittance
• What’s next?
Today Agenda
Vorapoap Lohwongwatana
Blockchain Enthusiast
Online Business Director@TMC

3. “Blockchain is to Bitcoin, what the internet is to email.
A big electronic system, on top of which you can build
applications. Currency is just one,”
Sally Davies
Technology reporter @ Financial Times

4. “We will never hear about people's Bitcoin accounts being
frozen or seized by a government agency.”
Roger Ver
Early Bitcoin Investor,
owner of bitcoin.com

5. “People ask me, ‘Are you going to sell your bitcoin [for fiat]?’
and I say, ‘Why would I sell the future for the past?’”
“I don’t know why anyone would want to go back to fiat when crypto is distributed,
secure and global, while fiat is subject to the whims of political forces”
Tim Draper
American venture capital investor
@600$ 30,000 2014 pd 10,000$ 2017 pd 250K 2022,

6. Vitalik Buterin
Founder of Ethereum
“In order to have a decentralised database, you need to have
security. In order to have security, you need to have incentives.”

7. Virtual currencies - This is not about digital payments
in existing currencies (Paypal, Alipay, etc..)
• Too volatile at the moment, so no risk to current fiat / bank
• Good for countries with weak institutions and unstable
national currencies
• Maybe one day easier and safer than obtaining paper bills
• No settlement risk
• No clearing delays
• No central registration
• No intermediary to check account and identities
Christine Lagarde
MD@ International Monetary Fund

8. Fed Chair: Cryptocurrencies Are 'Great' For Money Laundering
Posted:Wed, 18 Jul 2018 19:20:31 +0000
Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol
Hill.
CFTC Official to Congress: Don't Be 'Hasty' With Crypto Rules
Posted:Wed, 18 Jul 2018 17:26:52 +0000
LabCFTC director Daniel Gorfine advocated for thoughtful regulation of the cryptocurrency space
in Congressional testimony Wednesday.
Mining Malware Now a Bigger Threat than Ransomware, Says Report
Posted:Wed, 18 Jul 2018 16:15:12 +0000
Illicit crypto-miners and ransomware have swapped places in popularity among cybercriminals,
says a security firm.
Ethereum Client Parity Drops Wallet Tech in Major Upgrade
Posted:Wed, 18 Jul 2018 15:15:37 +0000
Parity, the ethereum software client, has announced some major changes, including the stripping
away of its graphical user interface (GUI).
Baidu's Blockchain Photo App Launches With Its Own Token
Posted:Wed, 18 Jul 2018 14:00:21 +0000
Chinese internet search giant Baidu has created a proprietary token to power its new blockchain-
based photo validating and sharing service.
South Korea Plans Tax Perks for Blockchain Startups
Posted:Wed, 18 Jul 2018 13:00:00 +0000
South Korea is planning to cut tax for companies developing nascent technologies such as
blockchain as part of its push for innovation growth.
Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela's Unbanked
Posted:Wed, 18 Jul 2018 12:00:07 +0000
Paxful says business is surging in developing nations, where mobile phones are abundant and
cheap, but access to exchange platforms remains scarce.
Bitcoin Price Risks Pullback Before Testing $8K Again
Posted:Wed, 18 Jul 2018 11:00:24 +0000
Bitcoin could witness a minor technical correction before rising to the $8,000 mark.
Bitcoin Mining Firms Make Unicorn List for First Time
Posted:Wed, 18 Jul 2018 09:30:33 +0000
For the first time, three bitcoin mining companies have made it onto a list of Chinese startups
worth over $1 billion.
Fiat Currencies Are About to Become Essential to Public Blockchains
Posted:Wed, 18 Jul 2018 08:00:43 +0000
If we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies,
EY's blockchain lead writes.
Sequoia China, Polychain Lead Blockchain Startup's $28 Million Round
Posted:Wed, 18 Jul 2018 06:00:12 +0000
Blockchain startup Nervos Network just raised $28 million from Sequoia China and Polychain, as well as several
token funds and traditional VCs.
Democracy of Two: NEO and the Crypto 'Election' That Wasn't
Posted:Wed, 18 Jul 2018 04:00:20 +0000
Early results from elections on the neo blockchain suggest the world's 12th largest cryptocurrency may be struggling
to deliver on promised claims.
3 Signs Bitcoin's Move Above $7K Might Just Hold
Posted:Wed, 18 Jul 2018 02:56:00 +0000
Bitcoin is on the rebound entering Wednesday, and three trading indicators suggest the charts are changing in the
crypto asset's favor.
Civic Is Turning Identity.com Into a Crypto-Powered Personal Data Market
Posted:Tue, 17 Jul 2018 22:00:47 +0000
Civic secures a high-quality URL from a longstanding internet company, raising the profile of the whole blockchain
industry.
What to Expect When Congress Talks Crypto (Twice) Tomorrow
Posted:Tue, 17 Jul 2018 21:30:56 +0000
Two Congressional committee hearings will examine whether crypto is the future of money, as well as what sort of
regulation the space may need.
Litecoin's Lee: Bank Deal Might Lead to New Crypto Services
Posted:Tue, 17 Jul 2018 20:00:41 +0000
Charlie Lee took to reddit Tuesday to clarify his and the Litecoin Foundation's roles in the new acquisition of nearly
10 percent of a German bank.
Above $7K: Bitcoin's Price Shoots Up $600 in 30 Minutes
Posted:Tue, 17 Jul 2018 18:13:34 +0000
Bitcoin's price shot well above $7,000 Tuesday in a dramatic move.
Mastercard Wins Patent for Speeding Up Crypto Payments
Posted:Tue, 17 Jul 2018 16:00:12 +0000
Mastercard is looking to improve crypto by designing a payments system that will link accounts holding both fiat
currency and cryptocurrencies.
Russian Firm Will Reward Staff With Crypto Tokens Tied to Profits
Posted:Tue, 17 Jul 2018 15:00:14 +0000
The blockchain subsidiary of the Russian e-payments firm Qiwi plans to incentivize staff by giving them tokens tied to
the firm's net profits.
GMO's New Internet Bank Will Settle Payments With Blockchain
Posted:Tue, 17 Jul 2018 12:30:26 +0000
Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain
to facilitate payments.
Recently in the Headline
https://feeds.feedburner.com/CoinDesk

9. Jul 18, 2018 ชาวชลบุรีถูกหลอกให้ลงทุนซื้อขายสกุลเงินดิจิทัล คาดสูญเสียกว่า 100 ล้าน
บาท
Jul 18, 2018 สรรพากรเผย “การจัดเก็บภาษีสินทรัพย์ดิจิทัล ยังมีขั้นตอนอีกมาก” คาดยัง
ไม่ประกาศใช้ตอนนี้
Jul 16, 2018 สมาคมตลาดตราสารหนี้ไทยใช้ Blockchain กับตราสารหนี้เพื่อสร้าง
Bond Coin
Jul 16, 2018 เว็บเทรดคริปโตอันดับสองเกาหลีใต้ Bithumb เตรียมเปิดให้บริการใน
ไทยภายในตุลาคมนี้
Jul 14, 2018 แบงค์ชาติพิจารณาใช้แอพพลิเคชั่นด้าน Blockchain ในการโอนเงิน
ระหว่างประเทศ
Jul 10, 2018 เว็บเทรดคริปโต Bitkub จัดงาน Meet Up “การลงทุนในคริปโต และ
การหากาไรในตลาดที่ผันผวน”
Jul 05, 2018 มีนักเทรดเข้าซื้อ Bitcoin จานวนหนึ่งในราคา 353,000 บาท ที่เว็บเท
รดคริปโต Bitkub
Jul 04, 2018 ก.ล.ต. ออกเกณฑ์รองรับการออกและเสนอขายโทเคนดิจิทัลผ่าน ICO
เป็นที่เรียบร้อย
Jul 04, 2018 ธนาคารไทยพาณิชย์ จับมือ ปตท.สผ. เพื่อนาเทคโนโลยีของ Ripple มา
ใช้ในการโอนเงินข้ามประเทศ
Recently in the Headline
https://siamblockchain.com/
Jul 03, 2018 เว็บเทรด Bitkub เตรียมลิสต์เหรียญ Cardano (ADA) พรุ่งนี้12.00
น. เปิดให้ฝากแล้วตอนนี้
Jul 03, 2018 สมาคมบริษัทหลักทรัพย์ไทยเตรียมเข้าร่วมกับเว็บเทรดคริปโต ช่วยธุรกิจสินทรัพย์
ดิจิทัล
Jun 27, 2018 ผู้อานวยการฝ่ายส่งเสริมเทคโนโลยีทางการเงิน ก.ล.ต. คาด ปล่อยเกณฑ์ ICO
Portal สัปดาห์หน้า
Jun 22, 2018 ธนาคารแห่งประเทศไทยปรับกฏเกณฑ์ 5 ข้อเรื่องการคุมสถาบันการเงินที่ข้องเกี่ยว
สกุลเงินดิจิทัล
Jun 20, 2018 ที่ปรึกษา ก.ล.ต. กล่าว “ก.ล.ต. มีความเข้าใจค่อนข้างดี พวกเขาศึกษามาเป็น
เวลากว่าปีครึ่ง”
Jun 18, 2018 ผู้อานวยการสานักงานบริหารหนี้สาธารณะเล็งใช้ Blockchain สาหรับระบบ
ซื้อขายพันธบัตรรัฐบาล
Jun 18, 2018 กระทรวงการคลังเผย นักเทรดคริปโตรายย่อยไม่ต้องเสีย VAT 7 เปอร์เซ็นต์
Jun 18, 2018 เว็บเทรด Bitkub เปิดให้ผู้ใช้ฝาก Wanchain แล้ว เตรียมเปิดให้ซื้อขาย
วันนี้เวลา 15.00 น.
Jun 15, 2018 ก.ล.ต. เผย “ICO 5 โปรเจกต์กาลังจะอนุมัติในเดือนนี้และพิจารณา ICO
อยู่อีก 50 โปรเจกต์”
Jun 12, 2018ผู้บริหาร Bitkub กล่าว “นี่จะเป็นครั้งแรกที่มีการเทรด Bitcoin แข่งกันใน
ประเทศไทย”

10. What is Bitcoin?

11. Ask who?

12. So what is Blockchain?

13. • Decentralized
• Distributed Ledger
• Immutability
ง่ายๆก็เหมือน ทุกๆคนในเครือข่าย ถือสมุดบัญชีเล่มเดียวกันหมด และแก้ไขไม่ได้
ใครจะมาเติมรายการบัญชี ก็จะเพิ่ม(เกือบจะ)พร้อมกันๆทุกคน
Blockchain Characteristic

14. Blockchain Layer
Source: https://www.slideshare.net/Experfy/blockchain-technology-fundamentals Prabhu Eshwarla

15. How does Blockchain Work?
Source: https://www.slideshare.net/Experfy/blockchain-technology-fundamentals Prabhu Eshwarla

16. Miner gets incentive by
helping securing
the network
Consensus: Proof of Work

17. Sender
Buy coin from exchange
(using fiat or other coin)
Transaction goes to blockchain
Common Cryptocurrency Life Cycle
Create a transaction
(sending coin)
(Pay a small fee)
Miner
Help create new block,
Confirm transaction.
Secure network
Reward = New Coin + Fee
Miner sells his new coin
= increase supply in the ecosystem
Service/DappSmart Contract Recipient

18. Type of Blockchain

19. Why is Blockchain Disruptive
Source: https://www.slideshare.net/Experfy/blockchain-technology-fundamentals Prabhu Eshwarla

20. What is Smart Contract?

21. First Generation
Store of Value
Distributed Ledger
Second Generation
Smart Contract
Decentralized Application
Generation of Blockchain

22. Smart Contract Address
TX IN TX OUT
Smart Contract – Perfect for Financial Goods
Perform simple actions such as
1. By receiving X, distribute Y and Z amount to Mr.A and Mr.B
2. By receiving X and you have balance of Y, Z happens
3. If Date is valid by Smart Contract, Z can happens.
Perfect fit for services handling security/derivative/digital assets

23. Smart Contract – Real World’s Sample Use Cases
We call the part interact with real world : Oracle
Smart Contract Smart Contract Smart Contract

24. Economic Point of View

25. Bitcoin Inflation

26. Bitcoin vs Dollar

27. Bitcoin vs Other Assets

28. Source: coingecko.com
Other Top Cryptocurrencies

29. Source: coinmarketcap.com
821,403,000,000+ USD
Cryptocurrency Total Market Capitalization

30. Cryptocurrency
300
Gold
7,700 Global Stock
73,000
Global Money Supply
90,400
Derivative
544,000
Global Market Value (Billions USD)
Large room to grow!

31. Global Stock Market Value: 73 trillions
4.9
7.4 18
3.2
3.4
3.4
4.5
3.1
Source: money.visualcapitalist.com
Crypto Currency Market: 300 billions
Large room to grow (vs Stock Market)

32. What does this mean?
Percentage of Total Market Capitalization

33. Blockchain Application
Real World Usage?

34. Source: Wallstreet Journal
Technology Adoption Rate

35. FinTech
Be prepared!

36. Blockchain Use Cases

37. ICO Time-lapse (video)
Blockchain
is shifting
INTERNET of
Information
to
INTERNET OF
VALUE

38. https://medium.com/@matteozago/50-examples-of-how-blockchains-are-taking-over-the-world-4276bf488a4b

39. Government
Dubai – Dubai has set sights on becoming the world's first blockchain-powered state. In 2016
representatives of 30 government departments formed a committee dedicated to investigating
opportunities across health records, shipping, business registration and preventing the spread of conflict
diamonds.
Estonia – The Estonian government has partnered with Ericsson on an initiative involving creating a new
data center to move public records onto the blockchain. 20
South Korea – Samsung is creating blockchain solutions for the South Korean government which will be
put to use in public safety and transport applications.
Govcoin – The UK Department of Work and Pensions is investigating using blockchain technology to
record and administer benefit payments.
Democracy.earth – This is an open-source project aiming to enable the creation of democratically
structured organizations, and potentially even states or nations, using blockchain tools.
Followmyvote.com – Allows the creation of secure, transparent voting systems, reducing opportunities
for voter fraud and increasing turnout through improved accessibility to democracy.
Government Sector

40. Blockchain for Financial Institution (vs existing)

41. ฝ่ายจัดซื้อ ฝ่ายผลิต …… ฝ่ายขาย
ทันทีที่ของขายที่ผลิตขายออกไป App จะบอกให้ฝ่ายจัดซื้อสั่งซื้อวัตถุดิบใหม่ได้ทันที
แต่นี่มันไม่ต้องทาบน Blockchain ก็ได้นี่!
ลดการโกงและข้อผิดพลาด
เพิ่มความสามารถในการจัดการ Inventory
ลดความล่าช้าจากเอกสาร
ลดค่าขนส่ง
อื่นๆๆๆ
Sample App: for Single but Very Big Organization

42. ฝ่ายจัดซื้อ ฝ่ายผลิต …… ฝ่ายขาย
ผู้ผลิตรายย่อย บริษัท ขนส่ง Auditor บริษัท ประกันภัย ชิปปิ้ง ลูกค้า
Ideal App for Blockchain

43. So which app is good with Blockchain?

44. Blockchain for
Money Remittance?

45. Traditional Money Remittance
1. Alex goes to his local hawala agent and gives him
some cash and a password, which he and Beth
share.
2. The agent telephones Beth's local agent and tells him
to release funds to someone who can provide the
password.
3. Beth walks in to her agent, says the password, and
receives cash. Commissions can be taken from either
or both agents.
• Alex has to trust that his agent will do the right thing, as
he is handing over cash.
• Beth has to trust that her agent will do the right thing, as
she is expecting to receive cash.
• The agents need to trust each other over the repayment
of the debt (IOUs).

46. Look at Ripple

47. Ripple’s recap
Ripple Consensus Ledger
The order book with bid/ask
offers from payment initiators
and markets)
RCL’s path-finder algorithm
enables to find lowest foreign
exchange rate across all order
books and currency pairs
Ripple Stream
Interface to submit bid/ask
offer to Ripple network (Easy
pluggable using FIX and
.NET APIs)
Ripple Connect
Plug-and-play module connects to the receiving bank to exchange KYC and risk information,
fees, payment details and expected time of funds delivery.
It also notifies all parties once the transaction is approved

48. OmiseGo
• Real Time Transaction
• P2P Finance Transaction
• Cross currencies/assets
• Cross national borders
• Cross corporate ledger
=

49. OmiseGo – Road Map
This is the most
important component in
my opinion

50. Why OmiseGo’s Vision is so important?
Unbanked the banked
• It will disrupt the current payment landscapes
• Enable user to trade any value (currencies, store
loyalty, points, rewards, in-game point) efficiently and
at low cost across internet
“Cross-platform transactions means
grocery points could one day be
exchanged for air miles.”

51. Speed does matters!

52. Speed does matters!

53. Speed does matters!

54. So what’s next?

55. We are here!

56. Tipping Point
?
Early Adopters

57. Your future customer

58. Question?Thank you very much