What is a
Blockchain?
2
Agenda
Topics that will be covered during the lecture
Blockchain Governance Use Cases Going practical
What is a Blockchain
Brief history why to use blockchain
Cases
Using blockchain for authenticating people,
documents and data
Como funciona a descentralização e o consenso
Conceitos básicos
Examples
How the Governance
works
Basic concepts
jan/18
BLOCKCHAIN:
WHAT IS THAT?
4
From cash to Bitcoin
How did it evolve?
Central emission control, controlled by governments and usually relies on
intermediaries to build trust
3
scarse and hard to fraud
4
portable
1
an exchange right
2
animals, gems, gold, salt,
paper coins
5
Satoshi Nakamoto and Bitcoin
Whitepaper in 2008/October
Bitcoin is born
the first virtual
currency solution
that works
Storable
where people could safely
store
Consensual
where everyone involved
could reach an agreement,
even without knowing each
other
Rewards effort
Engages a community of
auditors (miners)
Scarse
with finite and known
emission
Electronic Cash
equivalent to the traditional
currency
P2P - Peer to Peer
transferable / exchanged
between people
Blockchain is the public ledger where all transactions, made using
cryptocurrencies, are stored.
The Blockchain
Transparent
ledger
Decentralised Distributed
Blockchain
Stores the
registries of all
historical
transactions
Don't rely on a
centralised entity
for working,
maintaining or
updating the
information
With thousands
of computers
supporting the
network, it is
distributed
worldwide
Infrastructure based
on consensus,
unstoppable and
unblockable
7
What is a Blockchain?
How this blockchain works
1
8
What is a Blockchain?
How this blockchain works
transaction 1
1
9
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
1
1
0
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
1
1
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
1
2
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1 2
1
3
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
2
1
4
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
2
1
5
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
1
6
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
1
7
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2 3
1
8
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
transaction 1
transaction 2
…
transaction n
3
1
9
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
transaction 1
transaction 2
…
transaction n
3
2
0
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
transaction 1
transaction 2
…
transaction n
3 4
2
1
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
transaction 1
transaction 2
…
transaction n
3
transaction 1
transaction 2
…
transaction n
4
2
2
What is a Blockchain?
How this blockchain works
transaction 1
transaction 2
…
transaction n
1
transaction 1
transaction 2
…
transaction n
2
transaction 1
transaction 2
…
transaction n
3
transaction 1
transaction 2
…
transaction n
4
2
3
Consensus
mechanisms
Proof-of-Work
Proof-of-Stake
Leader Elect
DPoS
Round-Robin
N2N
Federated
Consenso
proprietário
Outros
derivados BFT
2
4
From centralisation to decentralisation
disruption of the traditional model
North America
South America
Europe
Africa
Asia
Oceania
2
5
North America
South America
Europe
Africa
Asia
Oceania
From centralisation to decentralisation
disruption of the traditional model
2
6
North America
South America
Europe
Africa
Asia
Oceania
From centralisation to decentralisation
disruption of the traditional model
2
7
Hybrid or Federated model
Both models together
jan/18
THE BLOCKCHAIN AS
A PROTOCOL
The Blockchain as a Protocol
The power of the Blockchain beyond the cryptocurrencies
1
2
3
4
New business models
Blockchain
A new and powerful
internet, capable of
managing financial
assets and corporate
governance
Financial inclusion and reducing of costs
Smart contracts and killing bureaucracy
Autonomous governance
Freepi
Smart-Contracts
What are they?
● Dapps:
Decentralised Appication
● First time an application
can manage its own
financial resources
Potential use cases
Blockchain improves governance efficiency
Physical objects
diamonds, paintings,
trees, etc.
Supply Chain
order data, inventory tracking
Banks
private blockchain to
consolidate information and
public to facilitate
international remittances
Intangibles
patents, trademarks,
reservations, domain
names
Public records
Real estate, land, vehicle registration,
business license, passport, IDs (RG /
CPF), transfer of any property
Tracking
Commercial flows,
transport data
Voting
transparent monitoring of
public and private voting
Financials
money, stocks, loans,
investment, crowdfunding
jan/18
SCALING
BLOCKCHAINS
Security
Scalability
Decentralisation
The Scalability Trilema
Can’t have 3 strong attributes at the same time
Security
Scalability
Decentralisation
The Scalability Trilema
Can’t have 3 strong attributes at the same time
IEEE: Scaling Blockchain: A Comprehensive Survey
jan/18
BLOCKCHAIN
GENERATIONS
1st gen 2nd gen 3rd gen
The 3 Generations
Solving, improving, growing solutions
jan/18
Permissioned
‘Blockchains’
Different types of blockchain
Permissioned/Permissionless, Public/Private
jan/18
USE CASES
jan/18
CBDC
Central Bank
Digital Currencies
What are CBDC’s
Case e-CNY a.k.a. Digital Yuan
● CBDC’s != Stablecoins, but pegged 1:1 to
fiat currency
● October 2020: China airdrop to millions of
people
● Accepted in 50k shoppers in China
● Paying government workers salaries in
some cities
● July 2021: 70.75 million transactions
● ‘Decentralised’ with a central authority
● Privacy? Traceable? Censorship resistant?
● Tradeable?
jan/18
DeFi
Decentralised Finance
What’s new in Uniswap?
No order book exchange
What’s new in Uniswap?
No order book exchange
What’s new in Uniswap?
No order book exchange
What is Yield Farming
A stake and grow circular process
Yield Farming
Cycle
For a chosen pair
Provide Liquidity in a Pool Get LP Token
In order to provide more liquidity to the
chosen pair and increase the total value of
your position
Sell farmed tokens
Receive reward tokens from the mining pool
Stake LP Token
jan/18
NFTs
Non-Fungible Tokens
NFTs
Non-Fungible Tokens
● Mainly in Ethereum (ERC 721/1155)
● Uses for art, authentication,
games, real estate,
certification, collectibles
● Unit of data
● Digital asset
● Unique
● Not interchangeable
● Proof-of-ownership
jan/18
IDENTITY
USE CASES
Unlocking Global Value
65%
4%
3%
13%
7%
6%
6%
4%
United States
UK
Brazil
Nigeria
Ethiopia
India
China
Emerging Mature
Digital ID can unlock economic value up to 13% of GDP in 2030
of potential value to
individuals are in
emerging economies
Potential market
Total
Addressable
Market (TAM)
Target Market Sector
$9.0 billion E-Signature
$1.3 trillion Digital Identity & e-Voting
$36.4 billion Notaries & Centralised Registries
$118.7 billion KYC, Regulatory, Fraud, AML & CTF
Total $1.46 trillion
TAM Source: Thomsom Reuters, PSMarketResearch, Notaries of Europe, PRNewsWire, Crunchbase, McKinsey.
Assumption: Target market calculations based on conservative market share gain of ~0.10%.
Customers: Creation of a new market for LegalTech and Governance using blockchain technologies.
Authentic and verifiable digital signature
for documents, contracts and
authorisations, with id validation
Proof-of-authenticity for documents,
email, messages and web content
Blockchain-enabled e-voting systems
OriginalMy
e-Governance platform
The full solution is presenting a comprehensive trusted and immutable blockchain framework, covering
end to end aspects of e-Governance, with:
The next generation of Decentralised
Digital Identity (DID) & storage of assets
Seamless authentication with user control of
personal data & consent (full GDPR
compliant) & proof-of-authorship
Strong KYC report with CIP, CDD, media
mentions and proof-of-consent when user
delivers personal data
Global Trading Case
(Advanced Electronic Signature and Global Identity Validation)
Chinese company had to sign a contract to
close a deal with a Brazilian company.
The use of the basic electronic signature
model would make the deal unfeasible.
OriginalMy’s advanced electronic signature
enabled the closing of a multi-millionaire
deal, that has been lost before.
Falcon bank:
Opening a bank account
A corporate customer used the OMySign
solution to sign investment contracts with
its investors.
When opening the Swiss bank account, the
contracts signed through OMySign were
presented and the bank accepted as valid
because of the identity validation of the
signatories.
Two bills approved in Brazil with signatures collected through Mudamos+
Digital ID (DID), signature and authentication by OriginalMy engine
Signing public
petitions
and draft bills
BEFORE AFTER
1 PAPER 2000kg (2 ton) 0
2 TIME ~3 years weeks
3 COLLECT locally, per city global
4 TRANSPORT days seconds
5 VALIDATE impossible real-time
Opening a Company
in 5 days
Through a partnership, we reduced the time for registering a company
to 5 days.
Proof of Authenticity
of Web Content
"[...] from the knowledge of the facts, the Author provided the preservation
of all the content via Blockchain, through OriginalMy platform, able to prove
the veracity and existence of the contents"
Court of Appeals decision in Brazil
Patient
Receive through
email send to the
preferred pharmacy
Doctor
Submit and sign
the prescription
Pharmacist
Validate the prescription
dispense medication
Authenticates and validates the whole process to mitigate fraud
respecting the privacy and in compliance with regulations, without storing documents
Implemented over Helios protocol
(12 million votes)
Solution being considered by Brazilian
government: transparent, auditable,
verifiable and secure
Secret Voting on Public Blockchains
https://github.com/originalmy/originalmy-haal
NEXT GOAL: Hääl (means voice in Estonian)
Brazilian
government invited
OriginalMy to run a
side election in
Blockchain
Business Case
★ 400k+ signatures in draft bills through Mudamos+
★ 2 bills approved in Brazil by collecting signatures
★ 20k web evidences preserved with PACWeb to be used in court proceedings
★ 2 known cases judged as valid on a Superior Court and hundreds on other courts
★ 500k+ documents authenticated
★ 13k+ active users
★ 6.8k+ OMyPass (Blockchain ID) issued
★ 2k+ e-prescriptions made through Open Prescription
★ 2k+ downloads of PACWeb plugin
Listed on a official Report as a Real Blockchain Use-Case doing
Social Impact for Governments and Public Institutions
Awards
2016 Google.org Social Impact Challenge (Mudamos+)
2017 Financial personality
2018 Most innovative startup
2019 Listed by UN & European Commission, Awarded by Brazilian
Bank Association
2020 EIC Horizon 2020 - Blockchain for Good finalists, TOP 10 Global,
Governance Solution in response to Covid-19 - Open Prescription,
World Champion in Cybersecurity @ AIM - Annual Investment Meeting,
Nominee by Estonia to WSA - World Summit Awards
2021 Bronze Lion in Cannes Festival (through FCB-Brasil - Sweet Blocks)
Edilson Osorio Junior - CEO
osoriojr@originalmy.com
Harju maakond, Narva mnt 5, 10117
Tallinn - Kesklinna linnaosa - Estonia
Miriam Tomie Oshiro - COO
oshiro.miriam@originalmy.com
Rua do Paraíso, 347
São Paulo - Brazil

Blockchain and Applications Class - 2022.pdf

  • 1.
  • 2.
    2 Agenda Topics that willbe covered during the lecture Blockchain Governance Use Cases Going practical What is a Blockchain Brief history why to use blockchain Cases Using blockchain for authenticating people, documents and data Como funciona a descentralização e o consenso Conceitos básicos Examples How the Governance works Basic concepts
  • 3.
  • 4.
    4 From cash toBitcoin How did it evolve? Central emission control, controlled by governments and usually relies on intermediaries to build trust 3 scarse and hard to fraud 4 portable 1 an exchange right 2 animals, gems, gold, salt, paper coins
  • 5.
    5 Satoshi Nakamoto andBitcoin Whitepaper in 2008/October Bitcoin is born the first virtual currency solution that works Storable where people could safely store Consensual where everyone involved could reach an agreement, even without knowing each other Rewards effort Engages a community of auditors (miners) Scarse with finite and known emission Electronic Cash equivalent to the traditional currency P2P - Peer to Peer transferable / exchanged between people
  • 6.
    Blockchain is thepublic ledger where all transactions, made using cryptocurrencies, are stored. The Blockchain Transparent ledger Decentralised Distributed Blockchain Stores the registries of all historical transactions Don't rely on a centralised entity for working, maintaining or updating the information With thousands of computers supporting the network, it is distributed worldwide Infrastructure based on consensus, unstoppable and unblockable
  • 7.
    7 What is aBlockchain? How this blockchain works 1
  • 8.
    8 What is aBlockchain? How this blockchain works transaction 1 1
  • 9.
    9 What is aBlockchain? How this blockchain works transaction 1 transaction 2 1
  • 10.
    1 0 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1
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    1 1 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1
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    1 2 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 2
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    1 3 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 2
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    1 4 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 2
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    1 5 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2
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    1 6 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2
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    1 7 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2 3
  • 18.
    1 8 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2 transaction 1 transaction 2 … transaction n 3
  • 19.
    1 9 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2 transaction 1 transaction 2 … transaction n 3
  • 20.
    2 0 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2 transaction 1 transaction 2 … transaction n 3 4
  • 21.
    2 1 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2 transaction 1 transaction 2 … transaction n 3 transaction 1 transaction 2 … transaction n 4
  • 22.
    2 2 What is aBlockchain? How this blockchain works transaction 1 transaction 2 … transaction n 1 transaction 1 transaction 2 … transaction n 2 transaction 1 transaction 2 … transaction n 3 transaction 1 transaction 2 … transaction n 4
  • 23.
  • 24.
    2 4 From centralisation todecentralisation disruption of the traditional model North America South America Europe Africa Asia Oceania
  • 25.
    2 5 North America South America Europe Africa Asia Oceania Fromcentralisation to decentralisation disruption of the traditional model
  • 26.
    2 6 North America South America Europe Africa Asia Oceania Fromcentralisation to decentralisation disruption of the traditional model
  • 27.
    2 7 Hybrid or Federatedmodel Both models together
  • 28.
  • 29.
    The Blockchain asa Protocol The power of the Blockchain beyond the cryptocurrencies 1 2 3 4 New business models Blockchain A new and powerful internet, capable of managing financial assets and corporate governance Financial inclusion and reducing of costs Smart contracts and killing bureaucracy Autonomous governance
  • 31.
  • 32.
    Smart-Contracts What are they? ●Dapps: Decentralised Appication ● First time an application can manage its own financial resources
  • 33.
    Potential use cases Blockchainimproves governance efficiency Physical objects diamonds, paintings, trees, etc. Supply Chain order data, inventory tracking Banks private blockchain to consolidate information and public to facilitate international remittances Intangibles patents, trademarks, reservations, domain names Public records Real estate, land, vehicle registration, business license, passport, IDs (RG / CPF), transfer of any property Tracking Commercial flows, transport data Voting transparent monitoring of public and private voting Financials money, stocks, loans, investment, crowdfunding
  • 34.
  • 35.
  • 36.
  • 37.
    IEEE: Scaling Blockchain:A Comprehensive Survey
  • 38.
  • 39.
    1st gen 2ndgen 3rd gen The 3 Generations Solving, improving, growing solutions
  • 40.
  • 41.
    Different types ofblockchain Permissioned/Permissionless, Public/Private
  • 45.
  • 52.
  • 53.
    What are CBDC’s Casee-CNY a.k.a. Digital Yuan ● CBDC’s != Stablecoins, but pegged 1:1 to fiat currency ● October 2020: China airdrop to millions of people ● Accepted in 50k shoppers in China ● Paying government workers salaries in some cities ● July 2021: 70.75 million transactions ● ‘Decentralised’ with a central authority ● Privacy? Traceable? Censorship resistant? ● Tradeable?
  • 54.
  • 58.
    What’s new inUniswap? No order book exchange
  • 59.
    What’s new inUniswap? No order book exchange
  • 60.
    What’s new inUniswap? No order book exchange
  • 67.
    What is YieldFarming A stake and grow circular process Yield Farming Cycle For a chosen pair Provide Liquidity in a Pool Get LP Token In order to provide more liquidity to the chosen pair and increase the total value of your position Sell farmed tokens Receive reward tokens from the mining pool Stake LP Token
  • 69.
  • 70.
    NFTs Non-Fungible Tokens ● Mainlyin Ethereum (ERC 721/1155) ● Uses for art, authentication, games, real estate, certification, collectibles ● Unit of data ● Digital asset ● Unique ● Not interchangeable ● Proof-of-ownership
  • 77.
  • 87.
    Unlocking Global Value 65% 4% 3% 13% 7% 6% 6% 4% UnitedStates UK Brazil Nigeria Ethiopia India China Emerging Mature Digital ID can unlock economic value up to 13% of GDP in 2030 of potential value to individuals are in emerging economies
  • 88.
    Potential market Total Addressable Market (TAM) TargetMarket Sector $9.0 billion E-Signature $1.3 trillion Digital Identity & e-Voting $36.4 billion Notaries & Centralised Registries $118.7 billion KYC, Regulatory, Fraud, AML & CTF Total $1.46 trillion TAM Source: Thomsom Reuters, PSMarketResearch, Notaries of Europe, PRNewsWire, Crunchbase, McKinsey. Assumption: Target market calculations based on conservative market share gain of ~0.10%. Customers: Creation of a new market for LegalTech and Governance using blockchain technologies.
  • 89.
    Authentic and verifiabledigital signature for documents, contracts and authorisations, with id validation Proof-of-authenticity for documents, email, messages and web content Blockchain-enabled e-voting systems OriginalMy e-Governance platform The full solution is presenting a comprehensive trusted and immutable blockchain framework, covering end to end aspects of e-Governance, with: The next generation of Decentralised Digital Identity (DID) & storage of assets Seamless authentication with user control of personal data & consent (full GDPR compliant) & proof-of-authorship Strong KYC report with CIP, CDD, media mentions and proof-of-consent when user delivers personal data
  • 90.
    Global Trading Case (AdvancedElectronic Signature and Global Identity Validation) Chinese company had to sign a contract to close a deal with a Brazilian company. The use of the basic electronic signature model would make the deal unfeasible. OriginalMy’s advanced electronic signature enabled the closing of a multi-millionaire deal, that has been lost before.
  • 91.
    Falcon bank: Opening abank account A corporate customer used the OMySign solution to sign investment contracts with its investors. When opening the Swiss bank account, the contracts signed through OMySign were presented and the bank accepted as valid because of the identity validation of the signatories.
  • 92.
    Two bills approvedin Brazil with signatures collected through Mudamos+ Digital ID (DID), signature and authentication by OriginalMy engine Signing public petitions and draft bills BEFORE AFTER 1 PAPER 2000kg (2 ton) 0 2 TIME ~3 years weeks 3 COLLECT locally, per city global 4 TRANSPORT days seconds 5 VALIDATE impossible real-time
  • 93.
    Opening a Company in5 days Through a partnership, we reduced the time for registering a company to 5 days.
  • 94.
  • 95.
    "[...] from theknowledge of the facts, the Author provided the preservation of all the content via Blockchain, through OriginalMy platform, able to prove the veracity and existence of the contents" Court of Appeals decision in Brazil
  • 96.
    Patient Receive through email sendto the preferred pharmacy Doctor Submit and sign the prescription Pharmacist Validate the prescription dispense medication Authenticates and validates the whole process to mitigate fraud respecting the privacy and in compliance with regulations, without storing documents
  • 97.
    Implemented over Heliosprotocol (12 million votes) Solution being considered by Brazilian government: transparent, auditable, verifiable and secure Secret Voting on Public Blockchains https://github.com/originalmy/originalmy-haal NEXT GOAL: Hääl (means voice in Estonian)
  • 98.
    Brazilian government invited OriginalMy torun a side election in Blockchain
  • 99.
    Business Case ★ 400k+signatures in draft bills through Mudamos+ ★ 2 bills approved in Brazil by collecting signatures ★ 20k web evidences preserved with PACWeb to be used in court proceedings ★ 2 known cases judged as valid on a Superior Court and hundreds on other courts ★ 500k+ documents authenticated ★ 13k+ active users ★ 6.8k+ OMyPass (Blockchain ID) issued ★ 2k+ e-prescriptions made through Open Prescription ★ 2k+ downloads of PACWeb plugin
  • 101.
    Listed on aofficial Report as a Real Blockchain Use-Case doing Social Impact for Governments and Public Institutions
  • 102.
    Awards 2016 Google.org SocialImpact Challenge (Mudamos+) 2017 Financial personality 2018 Most innovative startup 2019 Listed by UN & European Commission, Awarded by Brazilian Bank Association 2020 EIC Horizon 2020 - Blockchain for Good finalists, TOP 10 Global, Governance Solution in response to Covid-19 - Open Prescription, World Champion in Cybersecurity @ AIM - Annual Investment Meeting, Nominee by Estonia to WSA - World Summit Awards 2021 Bronze Lion in Cannes Festival (through FCB-Brasil - Sweet Blocks)
  • 103.
    Edilson Osorio Junior- CEO osoriojr@originalmy.com Harju maakond, Narva mnt 5, 10117 Tallinn - Kesklinna linnaosa - Estonia Miriam Tomie Oshiro - COO oshiro.miriam@originalmy.com Rua do Paraíso, 347 São Paulo - Brazil