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BDM Meetup #1 - Blockchains for Developers - Part 01

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I shared a little about me and what Neuroware does whilst also providing a little context as to why we have blockchains and why it is we started the Blockchain Developers Malaysia group

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BDM Meetup #1 - Blockchains for Developers - Part 01

  1. 1. BLOCKCHAIN DEVELOPERS MALAYSIA http://neuroware.io Meetup #1 - Blockchain Basics - September, 2017 sponsored by BLOCKCHAIN DEVELOPER PRESENTATIONS MARK SMALLEY - BLOCKCHAINS FOR DEVELOPERS - PART 01 TM LEE ( COINGECKO.com ) - INTRODUCING LIGHTNING NETWORKS TC WU ( HELLOGOLD.com ) - HELLO GOLD’S SMART CONTRACTS ON ETHEREUM
  2. 2. INTRODUCING THE BIG BLOCK BITCOIN MINIMALIST Mark Smalley - CEO ( Neuroware.io ) Living in Malaysia for the past 20 Years Building FinTech Applications for 15 Years Spent 10 Years Helping Tech Communities Building Blockchain Apps for 5 Years
  3. 3. NEUROWARE - FIRST MSC STATUS BLOCKCHAIN COMPANY GLOBAL FUNDING Only Malaysian company to graduate from 500 Startups Accelerator in Silicon Valley, with funding from Coinsilium too FINTECH FOCUS With DBS, Maybank and Securities Commission of Malaysia as clients, we have a broad understanding of fintech FULL-STACK SERVICES We provide corporate blockchain training and workshops along with consulting on solutions utilizing Cortex CORTEX aws for blockchains CONSULTINGTRAINING
  4. 4. CORTEX IS OUR UNIFIED INTERFACE FOR MULTIPLE CHAINS DN-KEY CRYPT Private Key Management Multi Signature Signing Public Key Broadcasting Key Abstraction / Revocation BABELBLOCKAUTH EVERSTORE KEEP Enterprise Wallets PASSPORT Keys & Identity INTEGRITY Data & Notarisation GUILD POS & Tokens API APPS
  5. 5. ENOUGH ABOUT ME WTF ARE BLOCKCHAINS …?
  6. 6. BLOCKCHAINS FOR DEVELOPERS PART 01 - WHY DO WE HAVE BLOCKCHAINS …?
  7. 7. INTRODUCING THE ISLANDS OF YAP
  8. 8. YAP INTRODUCED THE WORLD’S FIRST PUBLIC LEDGERS
  9. 9. GROUP CONSENSUS WAS USED FOR TRANSACTIONS ● Size wasn’t everything ● The history of each stone determined its individual value ● Conducting transactions quite literally involved a song & dance ● This required the majority of people from the village to be present
  10. 10. BLOCKCHAINS PROVIDE AN UPDATED TAKE ON YAP IDEALS
  11. 11. TRADING STONES FOR DOLLARS BASED ON GOLD
  12. 12. LET’S NOT FORGET THAT WHAT WAS ONCE PHYSICAL
  13. 13. IS NOW DIGITAL PHYSICAL DIGITAL
  14. 14. WITHOUT PROPER REGULATION IT WILL CONTINUE FAILING World War 2 US$3 Trillion All other USA wars combined 2008 Financial Bailout US$8.5 Trillion this inspired several movements - including the creation of bitcoin
  15. 15. VsBITCOIN ( the first application / popular digital asset ) BLOCKCHAINS ( underlying tech / shared public ledger )
  16. 16. VsETHEREUM ( open network for building anything ) PRIVATE NETWORKS ( very similar to traditional database )
  17. 17. VsPUBLIC BLOCKCHAINS ( enables permissionless innovation ) PERMISSIONED LEDGERS ( puts new central controllers into authority )
  18. 18. US$144 BILLION REASONS TO CHOOSE THE RIGHT CHAIN 11 BLOCKCHAINS NOW HAVE OVER US$1 BILLION MARKET CAPITALIZATIONS
  19. 19. THE ONLY CHAINS WE SUPPORT USE PROOF OF WORK Data from CoinGecko on June 6th Bitcoin Litecoin Dogecoin Dash Ethereum ETC Coin Limit 21 Million 84 Million UNLIMITED 22 Million Unknown 200+ Million Current Supply 16 Million 51 Million 100 Billion 7 Million 91 Million 91 Million Mining Algorithm SHA-256 Scrypt Scrypt X11 Ethash Ethash Hash-Rate 644 PH/s 7.2 TH/s 6 TH/s 3.6 TH/s 30 TH/s Unknown Average Block Time 10 Minutes 2.5 Minutes 1 Minute 2.5 Minutes 10 Seconds 10 Seconds Launched 03 / JAN / 09 07 / OCT / 11 08 / DEC / 13 19 / JAN / 14 30 / JUL / 15 25 / OCT / 16 US$ Price per Coin US$2,800+ US$30 US$0.0038 US$149 US$260 US$17 Current Market Cap US$47+ B US$1.5+ B US$420+ M US$1+ B US$24+ B US$1.6+ B Size of Raw Blockchain 135 GB 8 GB 21 GB 3 GB 180 GB 120 GB Hardware Cost of 51% Attack US$1.6+ B US$240+ M US$200+ M US$450+ M Unknown Unknown
  20. 20. ALWAYS TRY TO REMAIN CAUTIOUS - JUST 60 DAYS AGO Everything Else (US$7+ Billion) Ethereum X 2, Ripple, NEM, Litecoin & Dash (US$38+ Billion) Bitcoin (US$38+ Billion)
  21. 21. REALLY CAUTIOUS - 90 DAYS AGO EVERYTHING ELSE BITCOIN
  22. 22. THIS IS WHY THIS GROUP IS NOT ABOUT THE CURRENCY
  23. 23. BUT RATHER THE UNDERLYING TECHNOLOGY
  24. 24. WHICH HAS CERTAINLY EVOLVED SINCE 2012
  25. 25. IT’S ALSO WHAT MAKES PROOF OF WORK SO SPECIAL
  26. 26. MORE ENERGY USED THAN THE COUNTRY OF ICELAND
  27. 27. SOLVING PUZZLES TO EARN THE RIGHT TO VALIDATE TXs
  28. 28. TRANSACTIONS ARE BATCHED INTO BLOCKS ● Transactions are batched into blocks every ten minutes (with Bitcoin) ● The block is added to the chain with a link to the previous block ● With the block added to the chain, its transactions are then confirmed
  29. 29. OCCASIONALLY - DIFFERENT BLOCKS ADDED AT SAME TIME
  30. 30. WHICH IS WHY WE HAVE CONFIRMATIONS
  31. 31. A NETWORK OF NODES WHERE THE LONGEST CHAIN RULES
  32. 32. THIS CAN LEAD TO A REORGANIZATION OF THE CHAIN
  33. 33. USE CASES WHAT CAN WE DO WITH THIS TECHNOLOGY …?
  34. 34. SOME OF THE PROJECTS WE HAVE BEEN EXPLORING BANKING From AML & KYC cost reductions to reward schemes & reaching the unbanked or general key-signing LEGAL Cryptographically secure document notarization, copyright protection, and dispute settlement GAMING Share digital assets between an entire network of games, or use the blockchains to create immutable persistent open-worlds HEALTHCARE Complete and immutable family histories of every related diagnosis and condition available from 1 key GOVERNANCE Increase the accountability of public officials and offer total transparency in voting & elections ASSETS Track possession of your property in the digital economy by creating, managing, storing, or sharing multiple asset classes ACCOUNTING Creation of programmable processes & automated auditing trails increase transparency & efficiency LOGISTICS Tracking of shipping cycles and provenance systems that autonomously verify actions INSURANCE Integrated insurance and medical services can be intelligently designed to quickly and contractually settle claims with cryptographically
  35. 35. AT THE HEART OF IT ALL IS DISTRIBUTED DATA CENTRALIZATION DATABASE DECENTRALIZATION THE CLOUD DISTRIBUTION BLOCKCHAINS
  36. 36. RANGING FROM PUBLIC STORAGE TO PRIVATE VALIDATION ● Blockchains can provide a tamper proof audit trail for structured data ○ Useful for public data (births, deaths, marriages and education) ○ Ideal for sharing data (identity, loyalty, supply chains and healthcare) ● Alternatively, blockchains can also be used to timestamp data hashes ○ Useful for large data sets (such as data lake authenticity checks) ○ Ideal for compliance (independently verify data timelines) ● Simple applications that require limited data can run autonomously without the need to pay for and (or) service ongoing hosting or server requirements ○ Useful for operating censor resistant applications
  37. 37. LET ME SHOW YOU A SERVER-LESS DEMO ( HTML5 BLOCKCHAIN-BASED LOGIN SYSTEM )
  38. 38. NOTICE IT DOES NOT ASK FOR A CRYPTOGRAPHIC KEY …?
  39. 39. THE DATA IS 100% BLOCKCHAIN-BASED (BITCOIN, DOGECOIN and DASH) available for as long as the network lives at no extra cost, no matter what happens to me
  40. 40. THIS PUBLIC DATA CAN ALSO BE ENCRYPTED PRIVATELY
  41. 41. TO BE CONTINUED IN PART 2 THIS SERIES WILL EXPLORE HOW WE BUILT THIS
  42. 42. INTRODUCING BLOQ.PRESS the blockchain-based CMS we will build here - exclusively available to blockchain developers of malaysia
  43. 43. email the team anytime - founders@neuroware.io

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