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Self executing agreements on the Blockchain
Blockchain2.0@SmartContract.com
Long Fraud Detection Times = No Deal
With the possibility of reversal, the need for trust spreads.
Merchants must be wary of their customers, hassling them for...
Container IoT
Temperature
Legacy Data Security
$18MM+ Daily Fraud
Blockchain 1.0
$0 Daily Fraud
Secures Payment Data
Block...
Using Data Feeds as Proof of Performance
Easily Evaluated by All Counterparties
Container GPS Location Data
Self-Verifying Self-Executing
0 1 0 111 0 11 0 1 0 11 0
0 1 0 111 0 11 0 1
Container Temperatu...
Pre-define an Event as Proof of Performance
Attach Documents for Subjective Clauses
Realtime Monitoring of Performance
Tamper-proof and Injunction-proof
Appendix
“Contract as Automaton:
The Computational
Representation of
Financial Agreements”
~ Mark Flood Ph.D
~ Oliver Goodenough
US...
IF/THEN Statements Force Clarity
“We need things that draw on the
revolution of bitcoin, but bitcoin
alone is not good enough,”
~ Bill Gates (2015)
Contract Logic Error Checking
Payments Data Silos = Fees, Time and Fraud
* Pantera Capital
Commerce on the Internet has come to rely almost exclusively ...
* Pantera Capital
Protocols Already Drive Global Commerce
The one thing that’s missing, but that will soon be developed,
i...
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Sergey Nazarov SmartContract

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Sergey Nazarov of SmartContract explains how the technology on top of blockchains can enable trust-less business.

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Sergey Nazarov SmartContract

  1. 1. Self executing agreements on the Blockchain Blockchain2.0@SmartContract.com
  2. 2. Long Fraud Detection Times = No Deal
  3. 3. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. ~ Satoshi Nakamoto (Bitcoin Paper) Fraud is WHY Central Parties Exist for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure. ~ Marc Andreessen: Netscape, SSL and A16Z
  4. 4. Container IoT Temperature Legacy Data Security $18MM+ Daily Fraud Blockchain 1.0 $0 Daily Fraud Secures Payment Data Blockchain 2.0 Secures ANY Data Self-executing Contracts Data-driven agreements Container GPS Data Feed 0 1 0 111 0 11 0 1 0 111 0 11 0 1 0 111 0 11 0 1 0 111 0 11 1-3 Day Fraud Risk1-3 Day Fraud Risk 10 Minute Fraud Risk 10 Minute Fraud Risk 0 1 0 111 0 11 0 1 0 111 0 11 2 Minutes 2 Minutes 10 Minutes Proof of Performance Automated Execution SmartContract Predefined Payment 0 1 0 111 0 11 0 1 0 111 0 11 10 Minutes 0 1 0 111 0 11 0 1 0 111 0 11 0 1 0 111 0 11 0 1 0 111 0 11 Rapid Proof of Contractual Performance
  5. 5. Using Data Feeds as Proof of Performance
  6. 6. Easily Evaluated by All Counterparties
  7. 7. Container GPS Location Data Self-Verifying Self-Executing 0 1 0 111 0 11 0 1 0 11 0 0 1 0 111 0 11 0 1 Container Temperature Data Retrieving data to prove performance Releasing payment to the appropriate party 0 1 0 111 0 11 0 1 0 1 0 111 0 11 0 1 Container Customs Status Data Oracles Provide Proof of Performance
  8. 8. Pre-define an Event as Proof of Performance
  9. 9. Attach Documents for Subjective Clauses
  10. 10. Realtime Monitoring of Performance
  11. 11. Tamper-proof and Injunction-proof
  12. 12. Appendix
  13. 13. “Contract as Automaton: The Computational Representation of Financial Agreements” ~ Mark Flood Ph.D ~ Oliver Goodenough US Treasury Office of Financial Research Contracts are IF/THEN Statements
  14. 14. IF/THEN Statements Force Clarity
  15. 15. “We need things that draw on the revolution of bitcoin, but bitcoin alone is not good enough,” ~ Bill Gates (2015)
  16. 16. Contract Logic Error Checking
  17. 17. Payments Data Silos = Fees, Time and Fraud * Pantera Capital Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. ~ Satoshi Nakamoto (Original Paper)
  18. 18. * Pantera Capital Protocols Already Drive Global Commerce The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. ~ Milton Freedman (Nobel Prize Winning Economist)

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