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Grow VC Group presentation at Crypto Funding Summit in Los Angeles


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Presentation about crypto funding ecosystem and data, including basics about tokenization, tokenomics, distributed finance models and blockchain. The presentation describes distributed finance market, where tokenization can be used to all assets, and where data and AI are coming key tools.

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Grow VC Group presentation at Crypto Funding Summit in Los Angeles

  1. 1. Grow VC Group ++ ++ @growvc ++ Enabling Digital Finance ++ Copyrights © Grow VC Group 20181 CRYPTO INVESTMENT ECOSYSTEM WITH DATA AND AI Crypto Funding Summit, Los Angeles, January 24, 2018 Jouko Ahvenainen
  2. 2. You can take photos, share them and write down notes, but this presentation will also be available on Slideshare (growvc) and the Grow VC Group’s Blog at Download Material
  3. 3. FinTech, Data & Finance Services Digital Infra & Consulting Exits Grow VC Group Worldwide pioneer and leading holding company in enabling technology and data in FinTech Hong Kong - London - New York - San Francisco Crowdfunding
  4. 4. Grow VC Group Global leader in enabling technology and data for FinTech ■ Started its operations in 2009 as the pioneer to start digital finance service ■ Grow VC Group was the first in the world to launch an online startup equity investing service ■ The group includes over 10 businesses ■ Grow VC Group companies have more than 100 customers with millions of end users globally having launched new digital finance services ■ The main hubs are in London, New York, San Francisco and Hong Kong ■ Several of its companies are leaders in their own areas, e.g. Difitek, Prifina, RE Bearing, Token Index Fund and Grow Advisors People ■ Grow VC Group’s management and founders have been listed as top influencers in the world in digital finance, Fintech, crowdfunding and digital business ■ Our key people are serial entrepreneurs who have experience to launch several new companies and products around the world to consumer and business market ■ Our people have been in executive roles to launch international corporates’ products to new markets and build data analytical approach for go-to-market and sale
  5. 5. Grow VC Group Works with Industry Leaders 5
  6. 6. Rule #1 It is easy to print money, but the real test is, whether you can pay for something with it
  7. 7. Rule #2 Bank’s operations, legacy IT systems and business models are most probably obsolete, but traditional finance industry money, assets and instruments still have value
  8. 8. Rule #3 Technology enables disruption, but new business models implement it
  9. 9. Rule #4 1849 gold rush made only few gold miners rich, but it was mainly shovel sellers and service providers that made a fortune
  10. 10. Distrubuted Models Change Finance and Internet
  11. 11. Tokenomics, Tokenization And Distributed Models 1. Tokenomics ■ Economical and financial models that use distributed finance and tokenization as the basis of the economy ■ The full impact is much more than only use of tokens, it is to distribute power, ownerships and transactions around network from central hubs 2. Tokenization ■ The process of converting the rights of an asset or a service into a digital token typically on a distributed ledger such as blockchain ■ Almost anything tradeable can be a token; not only a startup with whitepaper, but all utility and security tokens for private companies, real estate, infrastructure, or commodites 3. Distributed Models ■ Refers to many new solutions in the Internet that are enabled by distributed ledger type data and transaction models, as well as with service components and open APIs ■ The end of big ‘black box’ banks and Internet giants, when finance transactions, ‘wallets’, data control is distributed, and will have impact even on big centralized services like Google, Amazon and Facebook
  12. 12. Blockchain Is Not Final 1. Proof-of-work (POW) • If two blocks are added simultaneously, then it is basically a competition to see who can perform the calculation tasks faster and add more to the chain, because the longer fork wins. The reward for adding a block is to receive some tokens (e.g. Bitcoins). 2. Leader-based system • This requires someone (or several people, either in a hierarchy or taking turns) is the leader and all transactions are sent to them for their approval. 3. Proof-of-stake (POS) • Each party basically votes with their own money (tokens) which would be the consensus of the transaction. If you are on the winner’s side you win money, otherwise you lose. 4. Voting-based system • There are several ways to create voting models – for example, you could have equal voting rights or allow a leader to have more votes. 5. Hashgraph • This is quite a new solution – it’s a modified voting model, but the voting is based on information stored in the network.
  13. 13. This Means Opportunities 1. Real time data, data analytics and AI can be used to evaluate and value digital securities and underlining assets ■ Data is becoming really powerful in finance, fintech and distributed models, but of course a slide show or a fancy data are not enough to value an asset 2. ICOs, TAOs, digital securities and smart contracts for many others and easier asset classes help bring more investors and money ■ For example loans, real estate and later phase company equity ■ Practically, all assets in the world can go to digital securities and smart contracts 3. Needed components, like KYC, data and syndication, can be based on new distributed technology solutions ■ These needs don’t necessary mean to use old centralized ecosystem solutions 4. It is important to have clear roles and responsibilities in the ecosystem ■ It is always complex if a party issues a security based on its own asset on its own market place based on its own valuation model
  14. 14. CASE 1: Difitek back office for crypto offering and markets Smart Contracts and Connective Apps AI & Analytics enabled digital finance processes
  15. 15. Case 2: Prifina Empower consumers own and use their finance data
  16. 16. Read More at my Columns and Blogs
  17. 17. Jouko Ahvenainen – +44 7889 833 165 (UK), +1 646 363 6664 (US) Twitter: @jahven, LinkedIn: joukoahvenainen Grow VC Group - ENABLING DIGITAL FINANCE 17