Blockchain winter is upon us.... The valuation of the digital assets is down from $600B to nearly $100B. But do the prices of the digital assets truly reflect the reality of development, the success/failure of blockchain use cases, and the general adoption? If so, what caused the decline? Who is poised to survive and thrive in 2019?
Ray Valdes (CTO @ ConsenSys) & Kate Mitselmakher (CEO & Founder @ Bloccelerate VC) covered the data points explaining what has happened, what is happening, and what will happen in the blockchain universe.
In the talk we demystify blockchain and cryptocurrencies, analyzing what is really behind this light and sound show. Disassembling one of the most popular platforms currently on Ethereum and analyze the keys to its operation, costs and metrics.
The document discusses opinions on cryptocurrencies from Mike Novogratz and Nouriel Roubini. Mike Novogratz believes that Bitcoin will become "digital gold" and the only successful cryptocurrency. He says his cryptocurrency investment firm has enough cash to operate for a long time despite investor losses. Nouriel Roubini criticizes most cryptocurrency investors as "retail suckers" who were "illegally suckered" into risky investments without proper knowledge or qualifications.
The document discusses opinions on cryptocurrencies from Mike Novogratz and Nouriel Roubini. Mike Novogratz believes that Bitcoin will become "digital gold" and the only successful cryptocurrency. He says his cryptocurrency investment firm has enough cash to operate for a long time despite investor losses. Nouriel Roubini criticizes most cryptocurrency investors as "retail suckers" who were "illegally suckered" into risky investments without proper knowledge or means.
Cryptocurrency Scams | How Do You Protect Yourself?Money 2Conf
This document discusses cryptocurrency scams and how to protect yourself. It begins with an overview of cryptocurrency and why scams are on the rise due to increased prices, regulations, and anonymity. It then outlines common scam types like business/investment scams, job scams, phishing scams, and celebrity impersonation scams. Finally, it provides tips to protect yourself such as being wary of links and emails, using trusted exchanges, doing research, changing passwords frequently, and taking online advice cautiously.
Tokenomics: What Tokens, ICOs, Cryptography, and the Blockchain Mean for the ...Stephen Peters
This document discusses tokenomics and how blockchain, tokens, and ICOs could impact the future of business. It provides an overview of key concepts like cryptography, cryptocurrency, blockchain, tokens, decentralization, identity, and capital raising. While still early, the document argues that tokenomics and blockchain will fundamentally reshape society by shifting power to individuals and enabling new business models through decentralized networks and applications. Risks and regulatory challenges are also noted.
CoinGecko 2018 Full Year Cryptocurrency ReportCoinGecko
This is the sixth cryptocurrency report produced by CoinGecko covering the full year of 2018.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market capitalization growth, volume change, and price movement
- Cryptocurrency exchange ranking, volume & dominance
- Initial Coin Offerings (ICOs) trends
- Stablecoins trends
- Timeline of major events & regulatory updates
- Bitcoin Cash split
- Decentralized applications (dapps) trends
- Security Tokens insights
- Masternodes insights
- Non-Fungible Tokens trends
- and many more...
Download the full report here:
http://reports.coingecko.com/2018-report
View all of CoinGecko's historical quarterly reports here:
http://reports.coingecko.com/all-reports
The document discusses best practices and the future outlook for token generation on the blockchain. It provides an overview of the ecosystem landscape including blockchains, tokens, lawyers, regulators, advisors, startups, funds, platforms, and service providers. Criteria for evaluating token sales include startup characteristics, sale structure, operational transparency, business model, disclosure levels, terms, post-sale transparency, and valuations. Key questions for token projects are what the token will do and why a token is needed. The conclusion emphasizes the importance of delivering on promises, having strong advisors, not over-legalizing, and ensuring decentralization.
In the talk we demystify blockchain and cryptocurrencies, analyzing what is really behind this light and sound show. Disassembling one of the most popular platforms currently on Ethereum and analyze the keys to its operation, costs and metrics.
The document discusses opinions on cryptocurrencies from Mike Novogratz and Nouriel Roubini. Mike Novogratz believes that Bitcoin will become "digital gold" and the only successful cryptocurrency. He says his cryptocurrency investment firm has enough cash to operate for a long time despite investor losses. Nouriel Roubini criticizes most cryptocurrency investors as "retail suckers" who were "illegally suckered" into risky investments without proper knowledge or qualifications.
The document discusses opinions on cryptocurrencies from Mike Novogratz and Nouriel Roubini. Mike Novogratz believes that Bitcoin will become "digital gold" and the only successful cryptocurrency. He says his cryptocurrency investment firm has enough cash to operate for a long time despite investor losses. Nouriel Roubini criticizes most cryptocurrency investors as "retail suckers" who were "illegally suckered" into risky investments without proper knowledge or means.
Cryptocurrency Scams | How Do You Protect Yourself?Money 2Conf
This document discusses cryptocurrency scams and how to protect yourself. It begins with an overview of cryptocurrency and why scams are on the rise due to increased prices, regulations, and anonymity. It then outlines common scam types like business/investment scams, job scams, phishing scams, and celebrity impersonation scams. Finally, it provides tips to protect yourself such as being wary of links and emails, using trusted exchanges, doing research, changing passwords frequently, and taking online advice cautiously.
Tokenomics: What Tokens, ICOs, Cryptography, and the Blockchain Mean for the ...Stephen Peters
This document discusses tokenomics and how blockchain, tokens, and ICOs could impact the future of business. It provides an overview of key concepts like cryptography, cryptocurrency, blockchain, tokens, decentralization, identity, and capital raising. While still early, the document argues that tokenomics and blockchain will fundamentally reshape society by shifting power to individuals and enabling new business models through decentralized networks and applications. Risks and regulatory challenges are also noted.
CoinGecko 2018 Full Year Cryptocurrency ReportCoinGecko
This is the sixth cryptocurrency report produced by CoinGecko covering the full year of 2018.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market capitalization growth, volume change, and price movement
- Cryptocurrency exchange ranking, volume & dominance
- Initial Coin Offerings (ICOs) trends
- Stablecoins trends
- Timeline of major events & regulatory updates
- Bitcoin Cash split
- Decentralized applications (dapps) trends
- Security Tokens insights
- Masternodes insights
- Non-Fungible Tokens trends
- and many more...
Download the full report here:
http://reports.coingecko.com/2018-report
View all of CoinGecko's historical quarterly reports here:
http://reports.coingecko.com/all-reports
The document discusses best practices and the future outlook for token generation on the blockchain. It provides an overview of the ecosystem landscape including blockchains, tokens, lawyers, regulators, advisors, startups, funds, platforms, and service providers. Criteria for evaluating token sales include startup characteristics, sale structure, operational transparency, business model, disclosure levels, terms, post-sale transparency, and valuations. Key questions for token projects are what the token will do and why a token is needed. The conclusion emphasizes the importance of delivering on promises, having strong advisors, not over-legalizing, and ensuring decentralization.
Crypto currencies - an investor's perspective Frank Schwab
Basic conditions of money, technologies, and user behavior changed significantly over the last decade. Investors should consider to integrate crypto currencies into their portfolio.
The presentation also provides 8 rules for crypto currency investments.
Crypto Currency Conference, Odessa, Ukraine
See the presentation on YouTube:
https://www.youtube.com/watch?v=dqpdmGnYXbA&t=51s&index=1&list=PLxXkZsSpEl41Cht5ZwDxLy5-2PL-AVcZD
Frank@FrankSchwabSpeaks.com
This document discusses the status of the token market and blockchain ecosystem. It provides an overview of key concepts like tokens 1.0 vs 2.0, decentralization, and regulatory trends. Several points are made around what needs to work, what needs more work, and what won't work in the development of blockchain technology and its applications. The document advocates staying true to blockchain fundamentals of replacing intermediaries and enabling new forms of digital value and protocols. It also stresses the importance of building working applications before regulations become mandatory.
The document summarizes the state of fintech in Japan. It discusses the history and growth of the Fintech Association Japan from 2014 to 2016. Key trends in 2015-2016 included the rise of blockchain, cryptocurrency, online payments, peer-to-peer lending, and robo-advisory services. Both banks and the Japanese government have supported fintech startups through collaborations and regulatory changes. However, challenges remain around fundraising, employee mobility, service demand, and laws/regulations. The fintech market in Japan is expected to grow nearly 9 times from 2015 to 2020, showing significant potential for continued expansion.
This document profiles four senior investment analysts and one vice president and portfolio manager employed by AIC. It provides background information on each individual, including their education, experience, and responsibilities at AIC. The profiles highlight that AIC employs experienced investment professionals with diverse educational backgrounds and industry experience to research companies globally and manage client portfolios.
This is a special presentation I did at an event organized by the team from the Investment Account Platform (IAPI) in Malaysia. It provides an introduction to what fintech is and the unique definition of Islamic Fintech and Islamic crowdfunding as well as an overview of some major trends in the general global fintech industry.
At CoinShares, we believe it's critical to define, analyze, and disseminate data to tell the story of why this industry matters and how it might impact industries, markets, and the broader world.
As investors, we take this one step further and use this data, our insights, and our expertise to identify who, where, and when this change might happen.
This report describes the macro environment, trends, and companies that are driving the space, and provides an outlook for the broader crypto ecosystem.
Outlier Ventures Investment in Blockchains report by Research Analyst Joel John and Partner & Head of Research Lawrence Lundy.
The report provides an overview into blockchain investment and market trends in 2019. According to the report, $23.7 Billion has been raised by 3738 blockchain companies since 2013.
Early stage fundraising high in count, but follow on rounds few and scarce. Blockchain startups have raised finance in multiple forms including ICOs, debt, direct investments and crowd-funding. However, discounting a handful of exchanges and wallets, there hasn’t been an application that has broken through to mainstream adoption, yet. This definitely isn’t for lack of capital. The challenge is more about expertise and guidance at early stages, especially when it comes to areas unique to Web3 such as token design.
The Future of Money, Frank Schwab, 2019Frank Schwab
Bitcoin, Blockchain & Co: The future of money in the digital age
A short history of money
Digital money
Bitcoin: hype or digital gold?
The potential of cryptocurrencies
Blockchain and Smart Contracts: First Applications
Money becomes programmable
William Mougayar - Success factors in Distributed Organizations Models - Bar...The Business Blockchain
Distributed organizations that utilize blockchain technology must consider factors for success such as how work is valued, how venture capital is allocated, and how to structure the organization autonomously in a comprehensive framework. These types of decentralized models disrupt traditional constructs and require thinking through how value is created by workers and how funding is distributed to projects in new innovative ways without centralized control structures.
Cryptocurrencies provide an opportunity for large returns, sometimes over 10x an initial investment in less than a year. The document discusses how cryptocurrency markets are growing and could increase in value substantially. It argues a small investment of 5% of one's net worth could potentially quadruple their net worth if the right cryptocurrencies are chosen. The risks of losing investments are acknowledged, but the potential for large asymmetric returns on winning investments is highlighted.
Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications. It has grown rapidly since its launch in 2015.
- Ethereum has over 50,000 developers working on its platform and ecosystem. It has over 1,500 startups, 731 decentralized applications, and has raised over $1.5 billion in capital.
- Ethereum sees itself as enabling a new generation of applications that could not be built before. It views Bitcoin as only the beginning and focusing solely on payments and currency.
- The Ethereum ecosystem includes developers, startups, enterprises, funds, and governments/central banks working to build on the platform. It is growing across industries and moving from early development to real
This document discusses several of the largest cyber heists and financial attacks in history. It mentions cyber attacks in 2003 and 2007 that stole over $1 billion from banks in Bagdad. More recently, 40 million payment cards were exposed in one of the largest POS attacks. The document stresses the importance of having proper security metrics, sharing cyber attack knowledge, and maintaining security as a continuous skilled process that requires attention to detail.
The life of a startup is defined by little events that together make an unforgettable story – one that is not often known by outsiders. Come and live through some of these events that helped shape Tungle and made it memorable.
DigitalFX: A New Asset Class for Investors MecklerMedia
DigitalFX is a new asset class that is game changing and goes beyond foreign exchange (FX) to include digital currencies like Bitcoin. Blockchain technology is one of the most important financial innovations ever and will disintermediate transactions, financing, and capital distribution. Digital currencies and their underlying blockchain technology are flattening costs and overhauling traditional financial systems and business models. This represents the birth of a new decentralized financial sector.
The document provides an agenda and overview of a workshop on understanding fintech. The workshop agenda covers 9 sessions that will discuss topics like e-payment systems, peer-to-peer lending, risk management, regulations, and future trends in fintech. The document also provides background information on key concepts in fintech, including defining fintech, categories of fintech systems, and the benefits of fintech for consumers, firms and countries. Examples of popular fintech systems in Indonesia are also mentioned.
Nearly 80 billion dollars were spent in 2016 to fight cybercrimeprcircle
EZComputer Solutions published an infographic revealing how the world was hacked in 2016, showcasing interesting statistics and useful information regarding the rising cost of cybercrime.
Willis_FinancialInstitutionsRiskIndex2025_NETPUB_GC (1)Elizabeth Smith
The document summarizes the findings of the Willis Financial Institutions 2025 Risk Index, which surveyed 150 C-suite executives from financial institutions globally to identify the major risks and trends facing the financial sector over the next decade. It found that the top risks were regulatory changes and complexity, global talent shortages, and demographic shifts. The index also identified six megatrends driving risk: regulatory changes, business model pressures, changes in investment and capital, digitalization, demographic shifts, and skills shortages. C-suite executives viewed regulatory changes as posing the biggest risk. The document analyzes each megatrend and the associated risks identified by the survey respondents.
On July 6th 2016, The Business Blockchain author William Mougayar made a presentation at the Googleplex headquarters in Mountain View on the topic of blockchains and where the crypto-technology market is going.
A processor (CPU) is the logic circuitry that responds to and processes the basic instructions that drive a computer. The CPU is seen as the main and most crucial integrated circuitry (IC) chip in a computer, as it is responsible for interpreting most of computers commands. CPUs will perform most basic arithmetic, logic and I/O operations, as well as allocate commands for other chips and components running in a computer.
State of Blockchains 2019: Green shoots of adoption emerge from 2018 crypto c...Outlier Ventures
Leading blockchain and Web 3.0 venture capital firm Outlier Ventures published the 2018 Q4 report in its State of Blockchains series, which provides an overview into blockchain investment and market trends worldwide. The report highlighted multiple key trends including increasing user adoption and data showing the decline in ETH price isn’t due to ICO sellers
Crypto currencies - an investor's perspective Frank Schwab
Basic conditions of money, technologies, and user behavior changed significantly over the last decade. Investors should consider to integrate crypto currencies into their portfolio.
The presentation also provides 8 rules for crypto currency investments.
Crypto Currency Conference, Odessa, Ukraine
See the presentation on YouTube:
https://www.youtube.com/watch?v=dqpdmGnYXbA&t=51s&index=1&list=PLxXkZsSpEl41Cht5ZwDxLy5-2PL-AVcZD
Frank@FrankSchwabSpeaks.com
This document discusses the status of the token market and blockchain ecosystem. It provides an overview of key concepts like tokens 1.0 vs 2.0, decentralization, and regulatory trends. Several points are made around what needs to work, what needs more work, and what won't work in the development of blockchain technology and its applications. The document advocates staying true to blockchain fundamentals of replacing intermediaries and enabling new forms of digital value and protocols. It also stresses the importance of building working applications before regulations become mandatory.
The document summarizes the state of fintech in Japan. It discusses the history and growth of the Fintech Association Japan from 2014 to 2016. Key trends in 2015-2016 included the rise of blockchain, cryptocurrency, online payments, peer-to-peer lending, and robo-advisory services. Both banks and the Japanese government have supported fintech startups through collaborations and regulatory changes. However, challenges remain around fundraising, employee mobility, service demand, and laws/regulations. The fintech market in Japan is expected to grow nearly 9 times from 2015 to 2020, showing significant potential for continued expansion.
This document profiles four senior investment analysts and one vice president and portfolio manager employed by AIC. It provides background information on each individual, including their education, experience, and responsibilities at AIC. The profiles highlight that AIC employs experienced investment professionals with diverse educational backgrounds and industry experience to research companies globally and manage client portfolios.
This is a special presentation I did at an event organized by the team from the Investment Account Platform (IAPI) in Malaysia. It provides an introduction to what fintech is and the unique definition of Islamic Fintech and Islamic crowdfunding as well as an overview of some major trends in the general global fintech industry.
At CoinShares, we believe it's critical to define, analyze, and disseminate data to tell the story of why this industry matters and how it might impact industries, markets, and the broader world.
As investors, we take this one step further and use this data, our insights, and our expertise to identify who, where, and when this change might happen.
This report describes the macro environment, trends, and companies that are driving the space, and provides an outlook for the broader crypto ecosystem.
Outlier Ventures Investment in Blockchains report by Research Analyst Joel John and Partner & Head of Research Lawrence Lundy.
The report provides an overview into blockchain investment and market trends in 2019. According to the report, $23.7 Billion has been raised by 3738 blockchain companies since 2013.
Early stage fundraising high in count, but follow on rounds few and scarce. Blockchain startups have raised finance in multiple forms including ICOs, debt, direct investments and crowd-funding. However, discounting a handful of exchanges and wallets, there hasn’t been an application that has broken through to mainstream adoption, yet. This definitely isn’t for lack of capital. The challenge is more about expertise and guidance at early stages, especially when it comes to areas unique to Web3 such as token design.
The Future of Money, Frank Schwab, 2019Frank Schwab
Bitcoin, Blockchain & Co: The future of money in the digital age
A short history of money
Digital money
Bitcoin: hype or digital gold?
The potential of cryptocurrencies
Blockchain and Smart Contracts: First Applications
Money becomes programmable
William Mougayar - Success factors in Distributed Organizations Models - Bar...The Business Blockchain
Distributed organizations that utilize blockchain technology must consider factors for success such as how work is valued, how venture capital is allocated, and how to structure the organization autonomously in a comprehensive framework. These types of decentralized models disrupt traditional constructs and require thinking through how value is created by workers and how funding is distributed to projects in new innovative ways without centralized control structures.
Cryptocurrencies provide an opportunity for large returns, sometimes over 10x an initial investment in less than a year. The document discusses how cryptocurrency markets are growing and could increase in value substantially. It argues a small investment of 5% of one's net worth could potentially quadruple their net worth if the right cryptocurrencies are chosen. The risks of losing investments are acknowledged, but the potential for large asymmetric returns on winning investments is highlighted.
Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications. It has grown rapidly since its launch in 2015.
- Ethereum has over 50,000 developers working on its platform and ecosystem. It has over 1,500 startups, 731 decentralized applications, and has raised over $1.5 billion in capital.
- Ethereum sees itself as enabling a new generation of applications that could not be built before. It views Bitcoin as only the beginning and focusing solely on payments and currency.
- The Ethereum ecosystem includes developers, startups, enterprises, funds, and governments/central banks working to build on the platform. It is growing across industries and moving from early development to real
This document discusses several of the largest cyber heists and financial attacks in history. It mentions cyber attacks in 2003 and 2007 that stole over $1 billion from banks in Bagdad. More recently, 40 million payment cards were exposed in one of the largest POS attacks. The document stresses the importance of having proper security metrics, sharing cyber attack knowledge, and maintaining security as a continuous skilled process that requires attention to detail.
The life of a startup is defined by little events that together make an unforgettable story – one that is not often known by outsiders. Come and live through some of these events that helped shape Tungle and made it memorable.
DigitalFX: A New Asset Class for Investors MecklerMedia
DigitalFX is a new asset class that is game changing and goes beyond foreign exchange (FX) to include digital currencies like Bitcoin. Blockchain technology is one of the most important financial innovations ever and will disintermediate transactions, financing, and capital distribution. Digital currencies and their underlying blockchain technology are flattening costs and overhauling traditional financial systems and business models. This represents the birth of a new decentralized financial sector.
The document provides an agenda and overview of a workshop on understanding fintech. The workshop agenda covers 9 sessions that will discuss topics like e-payment systems, peer-to-peer lending, risk management, regulations, and future trends in fintech. The document also provides background information on key concepts in fintech, including defining fintech, categories of fintech systems, and the benefits of fintech for consumers, firms and countries. Examples of popular fintech systems in Indonesia are also mentioned.
Nearly 80 billion dollars were spent in 2016 to fight cybercrimeprcircle
EZComputer Solutions published an infographic revealing how the world was hacked in 2016, showcasing interesting statistics and useful information regarding the rising cost of cybercrime.
Willis_FinancialInstitutionsRiskIndex2025_NETPUB_GC (1)Elizabeth Smith
The document summarizes the findings of the Willis Financial Institutions 2025 Risk Index, which surveyed 150 C-suite executives from financial institutions globally to identify the major risks and trends facing the financial sector over the next decade. It found that the top risks were regulatory changes and complexity, global talent shortages, and demographic shifts. The index also identified six megatrends driving risk: regulatory changes, business model pressures, changes in investment and capital, digitalization, demographic shifts, and skills shortages. C-suite executives viewed regulatory changes as posing the biggest risk. The document analyzes each megatrend and the associated risks identified by the survey respondents.
On July 6th 2016, The Business Blockchain author William Mougayar made a presentation at the Googleplex headquarters in Mountain View on the topic of blockchains and where the crypto-technology market is going.
A processor (CPU) is the logic circuitry that responds to and processes the basic instructions that drive a computer. The CPU is seen as the main and most crucial integrated circuitry (IC) chip in a computer, as it is responsible for interpreting most of computers commands. CPUs will perform most basic arithmetic, logic and I/O operations, as well as allocate commands for other chips and components running in a computer.
State of Blockchains 2019: Green shoots of adoption emerge from 2018 crypto c...Outlier Ventures
Leading blockchain and Web 3.0 venture capital firm Outlier Ventures published the 2018 Q4 report in its State of Blockchains series, which provides an overview into blockchain investment and market trends worldwide. The report highlighted multiple key trends including increasing user adoption and data showing the decline in ETH price isn’t due to ICO sellers
On Oct 27, 2017, Digital Currency Group hosted its third annual Tech Summit - three days of private events focused on bringing together our network of digital currency and blockchain tech focused founders, investors, and corporate strategics. These are the opening remarks presented by DCG's founder and CEO, Barry Silbert, regarding the progress the bitcoin and blockchain ecosystem over the last year, and what DCG is excited about looking forward. DCG's Investment Associate, Travis Scher, shares his outlook on ICOs and token sales. DCG's Director of Development, Meltem Demirors, highlights growth metrics across the digital currency and blockchain startup ecosystem and shares insights on the evolution of business models and ongoing challenges to startups in the space.
Cryptocurrency_ A New Investment OpportunityQutomatic
Cryptocurrency_ A New Investment Opportunity.
The invention of Bitcoin1
by Satoshi
Nakamoto (Nakamoto [2008])
in 2008 spurred the creation
of many new cryptocurrencies
known as altcoins. These altcoins use similar
cryptographhy technology but employ different algorithmic designs. Many of these
altcoins were invented for different purposes
or to address the pain points of the Bitcoin
network, such as the high usage of energy
caused by its proof of work (PoW) consensus
algorithm or the supply limit of 21 million
coins, among others.
This report shows how key characteristics of the global cryptocurrencies trading landscape are now maturing to a level at which real-money institutional investors are becoming incentivised to actively place end-investor capital into the marketplace.
The Blockforce Multi-Strategy Fund had a successful 2022 despite market volatility. The fund outperformed Bitcoin and significantly reduced volatility. It achieved this through its ability to navigate changing market conditions. Looking ahead to 2023, the document discusses trends in Bitcoin adoption, Ethereum developments like staking and layer 2 scaling, growth in decentralized finance, and increasing regulation around stablecoins and exchanges.
Macro Review of Cryptoassets Landscape - July 2018 by David GogelDavid Gogel
The document provides a macro review and overview of the cryptoassets market landscape and future of financing through digital asset innovation. It discusses key trends like the transition from retail to institutional investors; the growth of cryptonetworks powered by blockchain technology; and emerging investment opportunities in areas like security tokens, custodian solutions, and stablecoins. Regulatory uncertainty remains a challenge but guidance is emerging while self-regulation is also needed. The crypto market cap grew significantly in 2017 before stabilizing at a lower level, and fundraising models are evolving from ICOs to private rounds as the space matures.
Deloitte’s 2020 Global Blockchain SurveyFrom promise to re.docxrandyburney60861
Deloitte’s 2020 Global
Blockchain Survey
From promise to reality
DELOITTE BLOCKCHAIN
At Deloitte, our people collaborate globally with clients, regulators, and policymakers on how
blockchain and digital assets are changing the face of business and government today. New
ecosystems are developing blockchain-based infrastructure and solutions to create innovative
business models and disrupt traditional ones. This is occurring in every industry and in most
jurisdictions globally. Our deep business acumen and global industry-leading audit, consulting,
tax, risk, and financial advisory services help organizations across industries achieve their
varying blockchain aspirations. Reach out to our leaders to discuss the evolving momentum of
blockchain and digital assets, prioritizing initiatives, and managing the opportunities and pain
points associated with blockchain adoption efforts. To learn more, let's talk.
https://www2.deloitte.com/us/en/pages/consulting/solutions/blockchain-solutions-and-services.html
Introduction: The evolution of blockchain 2
A more “real” reality for blockchain 4
Digital assets today and tomorrow 9
Cybersecurity 13
Global digital identity 15
Regulatory considerations 17
Governance in blockchain consortia 19
Regional analysis 21
Concluding thoughts: The road taken 24
Appendix 25
Endnotes 36
Contents
2
Introduction: The
evolution of blockchain
MORE THAN A decade has passed since the introduction of what we know today as blockchain technology. Over that time,
the promise of what the technology could offer
businesses and industries has evolved from a
cryptocurrency payment platform to something
bigger, game-changing, and truly disruptive. In
recent years, we have seen sentiment about
blockchain’s potential similarly evolving, along
with companies directing actual investment
dollars toward applications.
In Deloitte’s 2019 Global Blockchain Survey,
we observed this continuing trend in thinking
and investment, even if some vestiges of doubt
and old-school thinking remained about the
technology’s promise.1 This year’s survey
suggests that those doubts are fading further,
and that blockchain is solidly entrenched in
the strategic thinking of organizations across
industries, sectors, and applications.
There are more substantive examples in
the marketplace of how both startups and
mature businesses are deploying blockchain.
Organizations appear to be more committed than
ever to blockchain and are demonstrating this by
implementing it as part of their normal course
of business.
That’s the key takeaway from our 2020 Global
Blockchain Survey, which finds that leaders no
longer consider the technology groundbreaking
and merely promising—they now see it as integral
to organizational innovation. This year, the C-suite
is putting money and resources behind blockchain
as a strategic solution in more meaningful and
tangible ways—in projects big and not so big—
putting i.
BitRush Corporation presents CryptoBusiness, a business model based on cryptocurrency and cryptography. BitRush operates a bitcoin portal and incubator for crypto-based startups, and has over 15% of global bitcoin users visiting its websites. It aims to drive highly scalable revenue growth by expanding its existing businesses and incubating new crypto-enabled consumer services in entertainment, gaming, and payments.
The Blockchain is taking the world by storm. It has already impacted finance, insurance and real estate, has spawned the ICO and is now moving into the marketing and market research space. The blockchain is transforming B2B and B2C in ways we could not have imagined a few years ago, and it is fueling the growth of AI.
If you want to understand what Blockchain, Cryptocurrencies, ICOs, Token sales and explore specific examples of how all this is now starting to impact our industry, come join the session!
Key topics will include:
· 10 ways Blockchain will impact the marketing and insights industries and what you can do about them now
· What Blockchain is and how it has evolved over the past 10 years
· How Blockchain impacts the data supply chain
· How Blockchain creates trust, and helps build an new internet of value with privacy, connectivity, transparency, traceability and scale
· How Blockchain helps handle PII and sensitive health data
· How ICOs drive development of new ecosystems and
· The challenges and opportunities of implementing Blockchain
· 6 companies you should know about that are applying Blockchain in the marketing, data and insights markets that you should know about
- Funding dollars for blockchain deals fell over 30% in 2019 while the number of deals only declined slightly, indicating deal sizes are shrinking.
- The distribution of deals is shifting from West to East, with the US share declining while China's rising.
- "Crypto-corporate" venture capital firms like NEO Global Capital and Coinbase Ventures were the most active investors in 2019.
- Enterprise blockchain funding has lagged far behind other applications, though some large deals occurred in 2019 including a $200M round for Ripple.
Blockchain is Calling on Financial ServicesBonnie Cheung
This document discusses blockchain and its potential impact on financial services. It notes that blockchain allows for mutually untrusting parties to perform transactions through cryptoeconomics. It also discusses that blockchain's impact will be seen first through fundraising, with ICOs changing how startups raise capital. Regulation of blockchain is discussed as inevitable but ultimately positive. The document urges readers not to lose sight of blockchain's big picture potential to transform financial services similar to how the internet transformed media. While the impact will be large, the technology is still early in its development.
Citi's report discusses the future of digital money, including central bank digital currencies (CBDCs), cryptocurrencies, and stablecoins. It notes that central banks are increasingly exploring CBDCs in response to Big Tech initiatives like Diem, and China has made significant progress developing its digital yuan. The report examines the opportunities and risks of CBDCs, including potential disruption of incumbent financial institutions and increased volatility of bank deposits. It also covers stablecoins like Diem, Bitcoin, and other cryptocurrencies, as well as expert perspectives on various aspects of digital currencies.
Venture Capital and Crypto: The Equity SideRaffaele Mauro
This document summarizes venture capital funding trends in blockchain and cryptocurrency startups from 2015-2018. It notes that 2018 VC investments have already exceeded the total for 2017, reaching $1.6 billion across 296 deals. ICO funding in 2018 totals an estimated $5-8 billion. The largest VC deals of 2017 and 2018 are provided as examples. Reasons for and against investing in crypto startups are outlined. Finally, the document discusses evaluating ICO opportunities and potential future scenarios for cryptocurrency and decentralized technology.
Venture Capital and Crypto: The Equity Side | Raffaele Mauro | Blockchain ConfCodemotion
This presentation analyzes venture funding and the startup ecosystem around Bitcoin, cryptocurrencies and crypto tech / blockchan. The focus is not about speculative currrency / token token trading but on teams, companies and the equity side of investing. Beyond hype, looking at fundamentals.
How Tokenization will Transform Public OfferingsDara Albright
This document summarizes a webinar on how digital assets and security tokens are transforming corporate finance and their impact on CPAs and corporate clients. The webinar covers topics like cryptocurrency markets, the evolution of public offerings leading to tokenized securities, types of token offerings, current regulation, mitigating ICO fraud, and investing in cryptocurrencies. It provides an overview of speakers Dara Albright and Darren Marble and their backgrounds in financial disruption, fintech, and security tokens.
Magister Advisors - Blockchain & Bitcoin in 2016 - A Survey Of Global LeadersJeremy Millar
As Bitcoin and Blockchain investment fast approaches $1bn, we have spent the last three months speaking with over 30 of the leading Bitcoin and Blockchain companies globally, plus industry groups, financial institutions and investors, to gain detailed insight and understanding of the development of the market and the direction these fascinating technologies will take in 2016.
We are pleased to share our work and findings with you and the broader community.
You can read our report ‘Bitcoin and Blockhain in 2016: A Global Survey’ here.
If you are interested in a personal briefing or a briefing for your firm, please feel free to contact us (jmillar@magisteradvisors.com).
Netwealth educational webinar - Top 10 learnings from Silicon Valley fintech ...netwealthInvest
Michelle Baltazar, Director of Media at Financial Standard, shared digital trends and insights that are set to impact the financial planning industry, gained first hand from her recent tour of Silicon Valley.
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1. BLOCKCHAIN
WINTER: WHO WILL
EMERGE WITH THE
THRONE IN 2019?
Kate Mitselmakher (CEO & Founder of Bloccelerate VC)
@Bloccelerate
RayValdes (CTO @ ConsenSys)
@rayval
2. 1. Disclaimer:The content provided here is for information purposes only, and
does not constitute an offer or solicitation to purchase any investment solution or
a recommendation to buy or sell a security; not is it to be taken as legal, business,
investment, or tax advice. In fact, none of the information in this webinar or any
other content on www.Bloccelerate.vc should be relied on in any manner as
advice.
2. Content Sharing:This presentation and recording of the webinar will be
available for download onTwitter @Bloccelerate
3. Questions: Feel free to tweet your questions throughout the webinar
@Bloccelerate or use the zoom chat room
3. Agenda What have we lived through?
Where are we now?
Where are we going?
What are we watching for?
Who will emerge as winners?
4. HAVE WE SEEN THIS
BEFORE?
1994–2002
Since 1994, we have lived through the hype and
trough of the Internet (the dotcom bubble)
2008–2018
Followed in 2008-2018, by the hype and trough of the
blockchain bubble…
16. GBTC
Investment
Trust
-GBTC = fund offering up the
opportunity to bet on bitcoin by
buying its shares
- GBTC investment trust lost
roughly $4.2 billion in value from
the beginning of the year until
today.
22. Month over Month Developer
Adoption of Ethereum
Summary:
Truffle Lifetime Downloads: 1.2M
Nov 2018:Crossed 1 Million Downloads
Since then 200,000 more downloads
Drizzle = up 56% (over the past 3 months)
Ganache = up 39% (over the past 3
months)
28. Incumbents
Feel the
Threat or
See an
Opportunity
?
- Facebook announced a 30-40 person engineering team
to launch crypto offerings
- Most come from PayPal and relevant background
- -Likely incorporate crypto-payment component
32. Four Roles of Blockchain
Technology
1
Digital Gold
•High friction (transaction fee,
latency) is acceptable.
•Goal is "store of value."
2
Digital Cash
•Low friction and ubiquity are
important.
3
Cryptoassets/Tokens
•Speculative "fool's gold”
•The ICO bubble has burst.
4
Blockchain Platform
•A technology foundation for
decentralized solutions for
decentralized business
ecosystems.
33. What will determine long-term
success of blockchain technology?
▪ DecentralizedTrust: A trusted record in an untrusted
environment of "Byzantine" (dishonest) actors
▪ Valued Digital Assets: An immutable log of significant events
— monetary transactions, property records, or any other valued
data
▪ Fine-Grain Dynamism: Not just a passive data, but optional
dynamic programmed behavior tied to transactions ("smart
contracts")
34.
35. Blockchain to solve “Privacy Paradox”
• As the number of data breaches
going up, the value of personal
data is becoming more
important
• Blockchain is well positioned to
solve this problem
• For example, private, secure,
and fast browsing with Brave ->
Brave to cross 4 million monthly
active users this fall
Chart:Value of DataThrough 2027
36. Ford
1903 – Ford & Malcolmson –at 51%, John S.
Gray 10.5%, and other 9 cofounders in total
38.5% - total ownership of 100%
Standard oil
1870 – Rockefeller and partners had 73.34% of
equity
Uber
2009 – Travis and Team 54%
Google
2015 – Larry Page and Sergey Brin
has the voting power of 54.3%
EOS
2017 – 90% of tokens for investors
Penta
2018 – 80% of tokens for investors
Democratization of Value Capture via alignments of Incentives (aka
Tokens)
37. Three Phases of Blockchain
Development
Block
Storming
(1-3 years)
Block
Forming
(3-5 years)
Block
Norming
(7-10
years)
39. Key
Takeaways
& Lessons
Learned
While Popularity (aka community) Matters,
Popularity Does Not Equal Profit
Speculation vs. Fundamentals
Technology progress is not linear, it’s exponential.
But it takes time to develop…
It’s not a war for tech, it’s a war for talent…
First doesn’t mean best…
40. Who will emerge with
the throne in 2019?
“The speed of technological disruption is accelerating. It
took about 80 years for Americans to adopt a
dishwasher.The consumer internet became
commonplace in less than a decade”
Kate: Thanks for joining us here today. It is certainly not surprise that 2018 was a hell of a year for blockchain….It started out with the almost $600 billion valuation of all digital assets to come down almost 90% by the end of 2018. So….Right before heading for the holidays Ray and I wanted to share some thoughts with you about what has been going on in the blockchain world for the past 12 months, and what this all means as we are heading into 2019…
By means of introduction, I am the CEO and founder of a blockchain fund and an accelerator, Bloccelerate VC – we are a thesis driven fund, and our hypothesis is that, despite the fear that permeates the blockchain air today, this technology is going to generate trillions of dollars worth of value over the next several years, and our goal is to capture that value by investing in the best companies and helping them grow and develop.
Ray…
Kate: Firstly, please note that none of the following information presented should be taken as investment advice. The purpose of this webinar is 100% educational. Secondly, the content of this webinar will be uploaded on slideshare and the link will be shared on twitter right after the webinar today. 3. if you have any questions, feel free to tweet as us or use the zoom chat room – we will be monitoring regularly
Kate: We have a packed agenda today – lot of data and insights to share with you….for the sake of time limits, we will go very quickly. Essentially there are five topics that we will cover…including the past, the present, and the future…we will also share some thoughts on who might emerge as winners.
Kate: before we dive into the last couple of years of what we have lived through, we thought it would be worthwhile to see if the so call blockchain bubble in any way, shape or form resembles the internet bubble of the 2000..
Ray: lived through the internet bubble…we’ve seen this movie before….technology adoption curve…goes from lack of awareness to overexcitment…there are some parallel.
Kate: So what was 2000 like? That was the internet ten years in.
- In 2000, fewer than 300 million people had access to the internet, less than 5% of the world’s population at the time.
With a glorious 56k modem, page loading wasn’t fast either, and at 7 kB/s, forget downloads.
It took another 20 years to (or a total of 30 years of commercial web) to reach about 50% global penetration.
Fun facts:
Amazon in 2000 = 20 million accounts
-Amazon in 2018 = 304 million accounts
Ray….
Ray:
Kate:
The dotcom market crash cost investors a whopping $5 trillion
Why did the market collapse:
Many investors foolishly ignored the key metrics - fundamental rules of investing in the stock market, such as analyzing P/E ratios, studying market trends, and reviewing business plans.
Analysis tended to overestimate the value of stocks (e.g. Yahoo’s valuation in 2000 was about $125 billion, while it generated about 200M in revenue)
Similar to dot com…more hot air..surprising thing that it didn’t deflate sooner….
Kate: So how did the market evolve after the crash? This is what the dotcom bubble looks like in the grand scheme of things….the market correction lasted roughly 15 years, and finally surpassed the initial valuations in 2015 - 2016…
Suffice to say…similar level of buzz was generated by the blockchain in 2017..from calling it the next panacea solving all of the world problems.. Popularity drove awareness, and awareness drove adoptions, and adoption drove speculation…
Kate: The first striking similarity is in the shape of the graph, but the starking difference is that we have lived through a number of these bubbles...from 2011, to the one in 2013…to the one in 2014….each one of them becomes less noticeable as the time goes one, because each is dwarfed by another…
Kate: As we can see here, the 2014 bubble looks like a glitch in comparison to what we just lived through in 2017 and 2018….In 2018 the market lost about $500B….compared to $5 trillion in the internet bubble – it’s 10 x less that!!!
Kate: there are many theories for what caused the crash….people argue it’s everything from uncertainty in regulation, speculation, governance, weal infrastructure,poor UI, etc…the answer is not so simple…
Version # 1: BTC core dev team fault
“if the BTC core dev team just increased the block size cap to 2MB, BCH & BSV would never have been created.
The crypto dark age we’re in right now is 100% their fault. Set us all back 3 years” + BTC core dev team limited throughput to 7 transactions per second- @Mike Relentless (Twitter)
Weak Infrastructure?
- Ether collapsed with Cryptokitties
---
Regulatory Uncertainty?
90% of enterprise blockchain projects are centralized designs.
They don't need blockchain technology to meet requirements.
The project can be done more quickly, at lower cost, with lower risk and better quality — by avoiding blockchain technology.
Ray: In reality, we have predicted this before….we said winter was coming 20 months ago…
Kate: So let’s dive a little deeper into what exactly we just lived through….
Kate: The most obvious collapse that we have seen is in ICO funding….thought it carried through to 2018, It slowed down significantly in the second half of 2018….and is still trending upward
Kate: How much value was lost int his trust alone….GBTC (Bitcoin Investment Trust) has lost roughly $4.2 billion dollars from the beginning of the year until today.
Kate: Summary..miners revenue is significantly down…which peaked at $41M paid in rewards…down to $6.2M in rewards today
What do transaction fee tell us? How serious people are about recording data on the blockchain, the public chains have limited capacity, thousands of machines work together to create an immutable record…as the capacity of the network gets saturated.
As a result, shares of one of the most popular graphic card manufacturer, NVIDIA, are down 30%+
Last but not least….the trading volumes are down…and that means more and more crypto exchanges will be going out of business…..
Other charts follow this trend…
Kate: So we talked about the past…let’s see what are some of the trends tell us about the future….
Kate: On the positive note, in this space is all about talent, and talent keeps on BUILDing…
Some evidence:
1M+ Truffle Suite downloads (leading developer tool and the framework that is used by 90% or more of developers)
1M+ MetaMask downloads (MetaMask is a wallet that is often used by solution built on Ethereum)
12K+ live Ethereum nodes
- 90+ central banks are experimenting with blockchain technologies
Hundreds of countries are adjusting their regulation to attract some blockchain talent…
Examples:
Japan’s e-voting system
Dubai 2020 initiative
Japan’s e-voting system
--
Enterprises are continuing with the POCs
Ray: we are in the world of diminishing trust….a lot of governments are still grappling with trying to understnad the fundamental concepts of blockchain. Deep seeded need to control things…growing interest..in
Another sign of growing adoption is the number of blockchain wallets that is going up…
Reached $30M wallets…signs of adoption..but compared to the internet…still early days…as I mentioned in 2000 we had a total of 300 million users
Another metric of consumer adoption – number of coinbase users continues to grow despite the downturn….In 2017, coinbase was the #1 most downloaded app on the app store.
- While ICOs are down, a new form of financing, Security Token Offerings are on the rise
-this serves as an intermediate step for companies looking to raise money leveraging legitimate means…
VC funding continues to go up. Validation that the institutional floodgate is about to open is the Yale, Harvard, and Stanford funds are starting to pour money into the VC funds….
While the ICO bear market forces start-ups to lose talent, big incumbents are there to pick them up….evident in new initiatives such as this..we think it’s one of many more to come…
-Ray…adoption of blockchain by major internet giants…Tencent, Alibaba, Baidu – several year head starts…Alibaba ..more patents in blockchain than any company in the world…
US is playing catch-up…IBM are enterprise not consumer….interesting dynamic.
Kate – I am struggling to believe how Facebook is going to decentralize itself…it’s value is in the data that it sells to advertisers…who will disrupt the disrupt????
Overstock Ceo is selling it’s retail business and going 100% crypto…though this is a good example of declining companies trying to save themselves via a new and shiny tool..such as crypto
Last but not least, despite the bear market, coinbase is generating $1.3 billion in revenue this year. – Why because it is solving the fundamental problem for an average consumer…the ease of use the UI is driving adoption.
So as we head into 2019, what do we have to watch four…
Introduce smart contracts at this stage Cf. https://bitsonblocks.net/2016/02/01/a-gentle-introduction-to-smart-contracts/
Not just a passive record – script required to complete the tx. Bitcoin script (basic, give money to recipient, to slightly more complex scenarios, for eg. if 5 people sign the tx, then this can be completed eg. property contracts) or smart contracts (Ethereum – Java equivalent, ability to create a solution - whole application on the blockchain, but impact on tx.). Move from passive data to more complex business scenarios.
-Bitcoin – store of value
-Digital Cash – cashless society / not just the transaction fees
Fools gold
Blockchain platform…real solutions addressing real problems…beyond the database..internet
Introduce smart contracts at this stage Cf. https://bitsonblocks.net/2016/02/01/a-gentle-introduction-to-smart-contracts/
Not just a passive record – script required to complete the tx. Bitcoin script (basic, give money to recipient, to slightly more complex scenarios, for eg. if 5 people sign the tx, then this can be completed eg. property contracts) or smart contracts (Ethereum – Java equivalent, ability to create a solution - whole application on the blockchain, but impact on tx.). Move from passive data to more complex business scenarios.
-Multiple platforms are going to win, not just one (just like in the early days of the internet, markets begin with one hundred flowers blooming, but then consolidate, only a few persist)
-It is not the platform that has the best scalability or technology, but has the highest number of developers building on it…
-The one that is going to win is going to be the one that is likely not on the market yet…or at least in it’s current form
“Tech companies are facing ‘privacy paradox’ … between using data to provide better consumer experience and violating consumer privacy”
Block Storming Phase: This is the current phase where due to the philosophical shift have created a massive change and resulted in huge number of innovators and developers engaged in creating newer models of services and products. However, at the same time this can be dubbed as infancy stage and would result in a “boom and bust” scenario
Block Forming Phase: Block Forming Phase: During the next 3-5 years, clear winners will emerge out of the storming phase. Along with that, few innovations will either disappear or evolve to meet emerging regulatory and legal compliance laws. During this stage major focus will be put on internal optimizations, as opposed to external disruptions. Furthermore, by the end of this phase blockchain will “cross the chasm” and reach the point of mainstream adoption stage.
Block Norming Phase: During the next 7-10 years, blockchain platform development will be challenged by the emergence of external threats such as Quantum and Biological Computing. Furthermore, the blockchain leaders will consolidate their positions and thus lead the research & development of the technology. During this period, we will witness a new wave of ancillary providers to the existing blockchain leaders and further enhanced products and services.
Source Gartner: G00325744
Rather than focusing on which companies have the most buzz, it is better to investigate whether a company follows solid business fundamentals. Long-term investments have to have strong revenue potential…
Fundamentals have mattered and will matter in the future. Avoid Speculative Mania, and rather focus on fundamentals. Sound business models are essential. Customers are what makes a business a business…without customers there would be no business. We often forget that.
Technology progress is not linear it’s exponential….often human emotions and expectations can ahead of the curve. It takes time to build things…
It’s not a war of tech, it’s a war for talent…whoever gets the development talent – will win.
First doesn’t mean best…coinbase might have solved the UI problem prevalent in this space, but it doesn’t mean it will emerge as the winner in the long term.
May be the answer is…
No one we know if …at least not in the current form….but those who demonstrate the fundamentals of the business…customers, profits, revenues….at the moment, those are exchanges…in the future they will be protocols, applications, whose who are able to solve the UI problem so that we don’t know that it already happened.