The document presents insights from Eddy Travia, CEO of Coinsilium, on blockchain technology and its potential to revolutionize transactional applications by ensuring trust and efficiency without centralized control. It discusses the origins of blockchain, its distinction between public and enterprise chains, and the increasing investments and interest in blockchain startups, especially regarding non-currency applications. Additionally, it highlights smart contracts, decentralized autonomous organizations, and the landscape of Initial Coin Offerings (ICOs) while emphasizing the importance of collaborative industry initiatives like Hyperledger.

1. Eddy Travia
CEO at Coinsilium
@startupeddy
(c) Coinsilium November 2016 - not for redistribution
Blockchain: A
Game-Changing
Technology

2. Disclaimer
The views and information in this presentation and
document are intended solely for educational and general
information purposes.
The document and presentation are not intended to
influence any financial or legal decisions.
Coinsilium Group and its representatives do not take any
responsibility for actions taken as a result of this
presentation.
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3. Eddy Travia - @startupeddy
• CEO of London-quoted blockchain technology investment and
development company (ISDX:COIN)
• Private equity fund manager in Greater China (2004-2013)
• Co-founded first Bitcoin startup incubator 'Seedcoin' in 2013
• Pioneer investor 15 blockchain companies around the world
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4. What is a blockchain?
“ Blockchain is a peer-to-peer distributed ledger
technology for a new generation of transactional
applications that establishes trust, accountability
and transparency while streamlining business
processes. ”
source: hyperledger.org
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5. What’s so special?
“ The distributed ledger is a permanent, secure tool
that makes it easier to create cost-efficient business
networks without requiring a centralized point of
control. With distributed ledgers, virtually anything of
value can be tracked and traded. ”
source: hyperledger.org
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6. Raistones: another way to
keep wealth records
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7. Where does blockchain come
from?
The concept of a blockchain was first introduced by
Satoshi Nakamoto in 2008, in the midst of the
financial crisis, to serve as the ledger for Bitcoin, a
purely peer-to-peer version of electronic cash.
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8. Public vs Enterprise Chains
• This peer-to-peer network can deliver access to a public or a private
infrastructure.
• Running a network node may or may not require permission.
• Participating in data updates may or may not require permission.
• Transacting or accessing some or all of the data may or may not require
permission.
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9. Industry Initiatives
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• R3CEV : consortium of 60 banks
• Experimenting with more than 5 ledgers (R3 collab)
• Hyperledger : led by Linux foundation and IBM
• Digital Asset Holdings : post trading settlement revamping with
ASX & DTCC (PoC for repurchase agreements)

10. “ The Hyperledger Project is a collaborative effort created to advance
blockchain technology by identifying and addressing important
features for a cross-industry open standard for distributed ledgers
that can transform the way business transactions are conducted globally. “
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Hyperledger

11. Smart Contracts & Oracles
• Smart contracts are sets of encoded instructions, embedded in
the blockchain, that can be executed by the network nodes.
• Some blockchains offer basic smart contracts capabilities (i.e.
multisig) others offer advanced smart contracts capabilities (a.k.a.
turing-complete).
• The outcomes of the smart contract executions is often one or
more transactions.
• Execution of a smart contract may require accessing external
data.
• Oracles are trusted smart contracts in charge of collecting
external data for consumption by others
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12. DAO
“ A DAO (decentralized autonomous organization) is
[…] an entity that lives on the internet and exists
autonomously, but also heavily relies on hiring
individuals to perform certain tasks that the automaton
itself cannot do. “
source: Vitalik Buterin - May 2014
“DAOs, DACs, DAs and More: An Incomplete Terminology Guide”
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13. Blockchain Overview
Blockchain Industry
Investment Landscape
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14. Investments in Blockchain
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More than US$1Bn invested to date (since 2013)

15. Investments in Blockchain
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16. Blockchain Ecosystem
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17. Investments in Blockchain
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• Bitcoin startups focus on payments, exchanges, trading, remittances
or other digital currency activities
• Blockchain startups focus on ‘non-currency’ activities, i.e. securities
settlement, property titles, asset provenance...
• In Q1 2016 VC investment in blockchain and bitcoin companies
outpaced that for startups in other industries.
• Number of blockchain startups has grown four-fold in the last year.
• Total investment in the space exceeded $1bn across 2015 - 2016

18. New Financing Methods : ICOs
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• ICOs are Initial Coin Offerings
• Controversy about legal status (Howey test)
• Appcoins vs. company shares
• More than $200m raised through ICOs, ex.: Golem Project raised
$8.6m (in ETH) in less than 2 hours

19. 19
enterprisepublic
turing-complete
smart contracts
Tech Ecosytem

20. “ Businesses and governments can use Factom
to simplify records management, record
business processes, and address security and
compliance issues. ”
“ [Factom enables developers to] create
applications that store data in the blockchain
without the speed, cost, or size limitations of
writing data directly to the Bitcoin blockchain. “
source: factom.org
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21. 21
Private & Public Sectors

22. 22
Multi-blockchain Anchoring :
Redundancy Architecture

23. 23
Land Registry Project
The Economist
cover article on blockchain
technology
October 31st, 2015

24. “ Rather than trying to scale up blockchain technology,
BigchainDB starts with a big data distributed
database and then adds blockchain characteristics
- decentralized control, immutability and the transfer
of digital assets. “
source: bigchaindb.com
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25. ethereum
“ Ethereum is a decentralised platform that runs
smart contracts: applications that run exactly as
programmed without any possibility of
downtime, censorship, fraud or third party
interference. ”
source: ethereum.org
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26. RSK smart (Rootstock)
“ RSK is the first open-source smart contract
platform with a 2-way peg to Bitcoin that also
rewards the Bitcoin miners via merge-mining,
allowing them to actively participate in the Smart
Contract revolution. RSK goal is to add value
and functionality to the Bitcoin ecosystem by
enabling smart-contracts, near instant
payments and higher-scalability. ”
source: rootstock.io
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27. 27
Blockchain Tech Marketplace

28. Risks & Benefits
• Resilience
• Immutability
• Auditability
• Trust
• Cost Savings
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• Security
• Scalability
• Attacks
• Collusion

29. Challenges
• Costs vs Benefits
• Adoption
• Privacy
• Legality
• Regulation
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30. Thank you
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Eddy Travia
@startupeddy
@CoinsiliumGroup