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Future of Blockchain

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Future of blockchain as a global computational infrastructure to tackle next-generation projects: CryptoKitties to Mortgage Payment Channels

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Future of Blockchain

  1. 1. future of blockchain. @LaBlogga
  2. 2. blockchain. 1 software. secure cryptographic transfer. unique instances of value. internet.
  3. 3. implications. always-on computational apparatus. no intermediary required. for money, social organization. 2
  4. 4. killer apps. 3 money & securities. property. contracts. identity credentials.
  5. 5. 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?
  6. 6. 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
  7. 7. peer-hosted. Source: https://bitnodes.21.co 6
  8. 8. 7 public chains. private chains. trustless. mined. p2p software. trusted. not-mined. enterprise software. “Walled gardens” aol, compuserve
  9. 9. internet content. 8 information. email. voice. video. money.
  10. 10. networks. 9 value (money). intelligence (brains). information.
  11. 11. smart networks. 10
  12. 12. 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/
  13. 13. 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
  14. 14. 13 19 Feb 2018 $8.84 bn total Source: https://www.coindesk.com/ico-tracker economics.
  15. 15. 14 participation. voting. choosing. resource access. tokens.
  16. 16. business networks. 15 privacy + transparency. shared business processes. digitized assets. instantaneous transactability. the world is your VPN Source: https://www.coindesk.com/ico-tracker
  17. 17. 16 real-time balance sheets. off-balance sheet obligations eliminated. diminished risk. Source: http://www.europeanfinancialreview.com/?p=21755 rethink risk.
  18. 18. 17 digital assets. net settlement. payment channels. digital credit systems. Source: http://timreview.ca/article/1109 rethink debt.
  19. 19. 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.
  20. 20. 19 net neutrality. censorship-resistance. self-governance. political.
  21. 21. 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
  22. 22. future. 21
  23. 23. future-class tech. 22 blockchain networks are a new class of global computational infrastructure.
  24. 24. 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
  25. 25. 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
  26. 26. scale. 25 Source: https://www.illumina.com/science/technology/next-generation-sequencing.html Population: 7.5 bn people worldwide big health data.
  27. 27. fleet management. 26 secure automated
  28. 28. collaboration. 27 human-machine
  29. 29. blocktime. 28 own time regime. specify future time. speed-ups. assignability. Source: http://www.melanieswan.com/documents/Blocktime.pdf
  30. 30. risks. tech: scalability. political: regulation. social: adoption. Rapid Adoption Unregulated Highly Regulated Slow Adoption Future Scenarios 29
  31. 31. 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
  32. 32. future of blockchain. @LaBlogga thank you. 31

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