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future of
blockchain.
@LaBlogga
blockchain.
1
software.
secure cryptographic transfer.
unique instances of value.
internet.
implications.
always-on
computational apparatus.
no intermediary required.
for money, social organization.
2
killer apps.
3
money & securities.
property.
contracts.
identity credentials.
4
Scan recipient address, sign and send
transaction; Wallet has Keys not Money
$ appears in recipient Wallet
Transactions submitted to a pool and miners assemble
new batch (block) of transactions each 10 min
Cryptographically-linked chain of blocks
“Blockchain”
Source: https://www.youtube.com/watch?v=t5JGQXCTe3c
how does it work?
mining.
Source: https://www.illumina.com/science/technology/next-generation-sequencing.html
5
Proof of Work: secure but expensive.
Block rewards: 12.5 btc + ~$20,000 tx fees = $132,500
peer-hosted.
Source: https://bitnodes.21.co
6
7
public chains. private chains.
trustless. mined.
p2p software.
trusted. not-mined.
enterprise software.
“Walled gardens”
aol, compuserve
internet content.
8
information.
email.
voice.
video.
money.
networks.
9
value (money).
intelligence (brains).
information.
smart networks.
10
adoption.
11
57% global corporations.
$388 bn asset class.
1551 cryptocurrencies.
1075 token projects.
Sources: https://www.cnbc.com/2017/07/31/blockchain-technology-considered-by-57-percent-of-big-corporations-study.html,
https://coinmarketcap.com/all/views/all/, https://www.stateofthedapps.com/
toast.
12
https://www.coindesk.com/jpmorgan-says-it-may-have-to-adapt-to-counter-crypto-adoption
“…financial institutions…could be
disrupted by technologies, such as
cryptocurrencies, that require no
intermediation”
Annual 10K, Mar 2018
13
19 Feb 2018
$8.84 bn total
Source: https://www.coindesk.com/ico-tracker
economics.
14
participation.
voting.
choosing.
resource access.
tokens.
business networks.
15
privacy + transparency.
shared business processes.
digitized assets.
instantaneous transactability.
the world is your VPN
Source: https://www.coindesk.com/ico-tracker
16
real-time balance sheets.
off-balance sheet obligations
eliminated.
diminished risk.
Source: http://www.europeanfinancialreview.com/?p=21755
rethink risk.
17
digital assets.
net settlement.
payment channels.
digital credit systems.
Source: http://timreview.ca/article/1109
rethink debt.
rethink income inequality.
18
banking & credit.
land registry.
identity.
electricity.
vaccines & medicine.
Source: https://www.unicef.org.au/blog/unicef-in-action/april-2017/photos-vaccines-reach-most-remote-places-earth
Digital health wallet
inclusion.
19
net neutrality.
censorship-resistance.
self-governance.
political.
cryptocitizen.
20
“One ought to think autonomously,
free of the dictates of external
authority” - Immanuel Kant
“Multiple private currencies should
compete for customer business”
- Friedrich Hayek
future.
21
future-class tech.
22
blockchain networks are a
new class of global
computational infrastructure.
next tier of progress.
space.
energy (1 mn terajoules/day global).
autonomous driving.
cellular genomics.
23
Source: http://www.bbc.com/future/story/20170313-the-biggest-energy-challenges-facing-humanity
data.
24
big data ≠ smart data.
clean, standardized,
interoperable.
Source: http://www.oyster-ims.com/media/resources/dealing-information-growth-dark-data-six-practical-steps
40 EB 2020e
scale.
25
Source: https://www.illumina.com/science/technology/next-generation-sequencing.html
Population:
7.5 bn people worldwide
big health data.
fleet management.
26
secure automated
collaboration.
27
human-machine
blocktime.
28
own time regime.
specify future time.
speed-ups.
assignability.
Source: http://www.melanieswan.com/documents/Blocktime.pdf
risks.
tech: scalability.
political: regulation.
social: adoption.
Rapid
Adoption
Unregulated
Highly
Regulated
Slow
Adoption
Future Scenarios
29
smart contracts.
30
Launched: Nov 2017
500,000 sold, total: $40 mn
Source: http://fortune.com/2018/02/13/cryptokitties-ethereum-ios-launch-china-ether
2012
cattribute DNA
future of blockchain.
@LaBlogga
thank you.
31

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Future of Blockchain