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BLOCKCHAIN
MEETS BIG DATA
DIMITRIOS KOUZIS-LOUKAS
TODAY’S PRESENTATION
DISCLAIMERS
▸Personal opinion
▸Don’t represent any companies
▸Everything public info
▸Not investment advice
“BIG DATA”
BLOCKCHA
WHAT IS BLOCKCHAIN?
DATABASE-LIKE SYSTEM
▸List of blocks
▸Append-only/immutable
▸Decentralized
▸Cryptographic
▸Byzantine fault tolerance
▸Fine-grained security controls
▸Massive Security Awareness Campaign
WHAT IS BLOCKCHAIN?
DECENTRALIZATION
‣
‣
‣
https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274
WHAT IS BLOCKCHAIN?
MY PERSPECTIVE
▸What open source did for software
▸Blockchain can do for data
ETHEREUM
Enterprise Ethereum Alliance
Ethereum is a decentralized platform that runs smart contracts: applications that
run exactly as programmed without any possibility of downtime,
censorship, fraud or third party interference.
‣ Build unstoppable applications
‣ Design and issue your own cryptocurrency
‣ Kickstart a project with a trustless crowdsale
Peer-2-Peer
"git"
EVM
+auto merge function:
“most expensive chain wins”
HASH FUNCTIONS
“GIT” - THE STORAGE SYSTEM
8a1ff8e39e81
+
commit (delta)
=
efa83baa3928
“GIT” - THE STORAGE SYSTEM
8a1ff8e39e81 (old-state)
+
block of valid transactions
=
efa83baa3928 (new+state)
“GIT” - THE STORAGE SYSTEM
PROOF OF WORK
EVM
EVM
EVM
EVM
EVM
MULTISIG CONTRACTS
https://medium.com/@ChrisLundkvist/exploring-simpler-ethereum-multisig-
contracts-b71020c19037
▸(Relatively) simpler/constrained
▸Deterministic
▸Formal-friendly
SOLIDITY
PEER-TO-PEER ARCHITECTURE
ETHEREUM APPLICATION DEVELOPMENT ARCHITECTURE
SECURITY VS. PRIVACY
SECURE OR PRIVATE?
https://z.cash/blog/zsl.html
https://z.cash/technology/zksnarks.html
SECURITY VS. PRIVACY
https://github.com/jpmorganchase/quorum/wiki/ZSL
SCALABILITY - LIGHTNING NETWORK
https://www.youtube.com/watch?v=8zVzw912wPo
SCALABILITY - IOTA
ΙΟΤΑ (& HASHGRAPH)
WHAT IS BLOCKCHAIN?
DATABASE-LIKE SYSTEM
▸List of blocks
▸Append-only/immutable
▸Decentralized
▸Cryptographic
▸Byzantine fault tolerance
▸Fine-grained security controls
▸Massive Security Awareness Campaign
APPLICATIONS
INDUSTRIES
▸Finance
▸Real Estate
▸Collectibles
▸Healthcare
▸Governance e.g. cars
▸Supply Chain
▸Identity Management
APPLICATIONS
INDUSTRIES
▸Finance
▸Real Estate
▸Collectibles
▸Healthcare
▸Governance e.g. cars
▸Supply Chain
▸Identity Management
APPLICATIONS
INDUSTRIES
▸Finance
▸Properties
▸Collectibles
▸Healthcare
▸Governance e.g. cars
▸Supply Chain
▸Identity Management
APPLICATIONS
INDUSTRIES
▸Finance
▸Real Estate
▸Collectibles
▸Healthcare
▸Governance e.g. cars
▸Supply Chain
▸Identity Management
APPLICATIONS TEXT
FITBIT?
▸Who should own the data?
▸How much data do you want to give away?
▸For how long?
APPLICATIONS
SUMMARY
API
Database
Government,
Company,
Department
▸Silos
▸Counter-party risk
▸Misalignment
▸What open source did for software
▸Blockchain can do for data
Blockchain
Government,
Company,
Department
▸Collaboration - Hacking
▸Self-Governance
▸Alignment
Government,
Company,
Department
THANK

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