Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 2 (of 7)
The second class will describe the underlying blockchain technology and explain key concepts such as block, hash, blockchain, mode, nonce, distributed and decentralized ledgers, mining, tokens, proof of work, and proof of stake. We will discuss how the technology works and the ways that block chain solutions verifies transactions.
Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 3 (of 7)
The third session focuses specifically on cryptocurrencies. We will discuss the history of digital currencies from Bitcoin to Ether and others. We will review core concepts and terms and more highlight the major events in cryptocurrency space, new opportunities and existing problems that remain to be solved.
Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 4 (of 7)
This class will shift will focus on the promise of smart contracts to provide cheap verification, reduce costs and automate many routine transactions. We will explain what a smart contract is (and what it is not), how it works and discuss where it can be implemented to the current economy. We will discuss the use of distributed applications built on the block chain and examine how Ethereum allows dApps to run. We will also look in depth at several dApps including Cryptokitties, Augur and Local Ethereum.
Week 5 - Blockchain Economics: Strategic Value in Private Blockchain Roger Royse
Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 5 (of 7)
The fifth class will get into how blockchain technology will shape innovation in different industries. Relying on economic theory, we will address the question of “How can companies determine if there is strategic value in blockchain?” We will evaluate blockchain’s value in short-term and long-term perspective and explain how companies take a structured approach in developing blockchain strategies. We will examine several successful private blockchain projects such as Maersk TradeLens and look at the factors that come into play when determining whether to use a public or a private blockchain.
Introduction to Blockchain
History of Blockchain
How Blockchain works
Blockchain platforms
Blockchain consensus/validation algorithms
Proof-of-work algorithm (PoW)
Practical byzantine fault tolerance algorithm (PBFT)
Proof-of-stake algorithm (PoS)
Delegated proof-of-stake algorithm (DPoS)
Who uses blockchain
Advantages and disadvantages of blockchain
Advantages and disadvantages of permissionless blockchainBlockchain Council
Blockchain Technology surfaced with the surge of cryptocurrency. Today you may find every business, and all the big industries are talking about using Blockchain. They want to make it a part of their mainstream business operations. On the surface, we know that blockchain is a distributed ledger technology. It works on the principle of decentralisation and peer-to-peer transactions. It means that Blockchain culminates the need of having intermediaries. Thus it saves cost and time both. It is the prime reason that many of the financial institutions and businesses are trying to use Blockchain for their benefit.Check out the full article here >>
https://bit.ly/2zRdAyS
Blockchain for Executives, Entrepreneurs and InvestorsFenbushi Capital
A brief summary of key issues that executives, entrepreneurs and investors across all industries should be aware of when considering blockchain.
First presented 8 June 2018 at the Longhash Incubator in Singapore.
Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 3 (of 7)
The third session focuses specifically on cryptocurrencies. We will discuss the history of digital currencies from Bitcoin to Ether and others. We will review core concepts and terms and more highlight the major events in cryptocurrency space, new opportunities and existing problems that remain to be solved.
Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 4 (of 7)
This class will shift will focus on the promise of smart contracts to provide cheap verification, reduce costs and automate many routine transactions. We will explain what a smart contract is (and what it is not), how it works and discuss where it can be implemented to the current economy. We will discuss the use of distributed applications built on the block chain and examine how Ethereum allows dApps to run. We will also look in depth at several dApps including Cryptokitties, Augur and Local Ethereum.
Week 5 - Blockchain Economics: Strategic Value in Private Blockchain Roger Royse
Instructor: Roger Royse, Founder of Royse Law Firm
Course Title: The Business Basics of Blockchain, Cryptocurrencies, and Tokens
Location: Stanford Continuing Studies
Week: 5 (of 7)
The fifth class will get into how blockchain technology will shape innovation in different industries. Relying on economic theory, we will address the question of “How can companies determine if there is strategic value in blockchain?” We will evaluate blockchain’s value in short-term and long-term perspective and explain how companies take a structured approach in developing blockchain strategies. We will examine several successful private blockchain projects such as Maersk TradeLens and look at the factors that come into play when determining whether to use a public or a private blockchain.
Introduction to Blockchain
History of Blockchain
How Blockchain works
Blockchain platforms
Blockchain consensus/validation algorithms
Proof-of-work algorithm (PoW)
Practical byzantine fault tolerance algorithm (PBFT)
Proof-of-stake algorithm (PoS)
Delegated proof-of-stake algorithm (DPoS)
Who uses blockchain
Advantages and disadvantages of blockchain
Advantages and disadvantages of permissionless blockchainBlockchain Council
Blockchain Technology surfaced with the surge of cryptocurrency. Today you may find every business, and all the big industries are talking about using Blockchain. They want to make it a part of their mainstream business operations. On the surface, we know that blockchain is a distributed ledger technology. It works on the principle of decentralisation and peer-to-peer transactions. It means that Blockchain culminates the need of having intermediaries. Thus it saves cost and time both. It is the prime reason that many of the financial institutions and businesses are trying to use Blockchain for their benefit.Check out the full article here >>
https://bit.ly/2zRdAyS
Blockchain for Executives, Entrepreneurs and InvestorsFenbushi Capital
A brief summary of key issues that executives, entrepreneurs and investors across all industries should be aware of when considering blockchain.
First presented 8 June 2018 at the Longhash Incubator in Singapore.
The article outlines a number of disadvantages, advantages and advantages of the blockchain today. Also, the types of blockchain are given and how blockchain allows you to organize trade without intermediaries, which can later introduce many services into everyday life and change the way the banking sector works. Mukhammedova Zarina Murodovna "Disadvantages and Advantages of Blockchain" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46253.pdf Paper URL: https://www.ijtsrd.com/economics/other/46253/disadvantages-and-advantages-of-blockchain/mukhammedova-zarina-murodovna
A presentation about cryptocurrency Bitcoin and the technology it is built on: Blockchain. Some info about bitcoin mining, mining pools and Satoshi Nakamoto who is the mysterious inventor of this revolutionary technology.
Blockchain Technology And CryptocurrencyEno Bassey
A brief presenation about blockchain and understand cryptocurrency. Find out what it is and why you need to know about it. How you can get involved and how it may change the world as we know it.
The global system behind a viewer’s transaction of watching a movie or TV show impacts viewers and show creators every day. What if all stakeholders had the same facts – Writers, Producers, Directors, Unions, Studios, Networks, Distributors, Theaters, Broadcasters, Cable Providers, Satellite providers, OTT providers and viewers? Blockchains offer precisely this opportunity. In this article we are going to explore new methods for enabling accountability in pre-production, production, post production, distribution, consumption and reporting with a secure chain of custody and metadata to be accessed, including key social attributes such as viewing method, display usage, rights compliance, and digital rights management.
Speaker : Steve Wong, HPE
Evaluating the potential of blockchain technology to radically transform business
[Feel free to download the presentation if you'd like to view it offline]
Basic introduction in blockchain, smart contracts, permissioned ledgersKoen Vingerhoets
Presented during Blockchain Vlaanderen #7 on 20/04/2017, organised by Kunstmaan and Antwerp Management School.
The assignment: host a basic introduction into blockchain, share some insights on smart contracts and explain why financial institutions choose other ledgers than bitcoin.
Everything you've been told about blockchains is wrong: the "killer app" isn't any particular implementation, but the database design itself. In this presentation I explain how the permissioned blockchain design pioneered by Eris Industries actually addresses the problems and use-cases everyone's said blockchains can solve, but hasn't actually used them to solve.
Hint: it's not because of "decentralisation."
1 Blockchain needs a native digital asset such as bitcoin;
2 Bitcoin is digital gold and can be as relevant as physical gold for the history of money, finance, and civilization
3 Unrealistic expectations arise from distributed ledger hype: no reference implementation has emerged yet
4 Instant settlement, cash on the ledger, shared data set, and improved automation are not easy to obtain
5 Time-stamping and anchoring are promising applications
6 Hardly disruptive, DLT might be evolutionary DB tech
Eris Industries - American Banker presentation deck. Preston Byrne
Eris Industries' deck (and a recording of the talk) describing our view of where the blockchain space is going in the next couple of years. Any questions, ping Preston directly.
This presentation was made at the March 3, 2016 "Disruptive Innovations in Financial Services" Conference sponsored by the Institute for Financial Services Analytics at the Lerner College of Business and Economics at the University of Delaware.
FirstPartner's 2016 Blockchain Ecosystem Market Map helps to decrypt the blockchain landscape with a visual overview of the emerging ecosystem, players, technologies and trends. It clearly summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
1) Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
2) The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
3) Other Use Cases: The distributed ledger concept and its ability to support transparent and tamper-proof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
A printable version of the map can be downloaded from www.firstpartner.net.
This course covers in detail the technical principles & concepts behind blockchain. In addition, it seeks to provide you with the insights and deep understanding of the various components of blockchain technology, and enables you to determine for yourself how to best leverage and exploit blockchain for your project, organisation or start-up.
Link - https://www.experfy.com/training/courses/blockchain-technology-fundamentals
VCs have for the most part retreated from investing in Bitcoin and Blockchain. The appetite for blockchain products however has only increased. Corporations have formed consortiums such as R3 and the Hyperledger Project to learn more about the technology. Numerous enterprises have rolled out internal pilots to test and explore the applications of blockchain.
At Thomvest, we believe blockchain adoption is about to take off - making it a prime time for VCs to begin making early stage bets.
Take a look at our most recent research report which delves into the current state of blockchain.
First presented on June 27, 2015 for Blockchain University hosted at PricewaterhouseCoopers in San Francisco. [Video: https://www.youtube.com/watch?v=8-OxnJip-bA ] Additional notes, references and citations are in the comments of each slide. I would like to thank Arthur Breitman, Richard Brown, Alexandre Callea, Pinar Emirdag, Andrew Geyl, Dave Hudson, Hyder Jaffrey, Yakov Kofner, Antony Lewis, Todd McDonald, Piotr Piasecki, Robert Sams and John Whelan for their feedback.
Cryptocitizen: Smart Contracts, Pluralistic Morality, and Blockchain SocietyMelanie Swan
Blockchain technology is not just about registering wills and IP on blockchains, and bank transfers taking less than 3 days to settle, philosophically blockchains invite a new level of thinking about what it is to be a cryptocitizen and possibilities for societal design
A short 101 on blockchain and cryptocurrencies - What is blockchain? How to get started investing in crypto? Tactical tips for keeping your investment secure. Presentation for Blockchain & Cryptocurrency Meetup at WeWork San Francisco, Oct 23 2017.
The article outlines a number of disadvantages, advantages and advantages of the blockchain today. Also, the types of blockchain are given and how blockchain allows you to organize trade without intermediaries, which can later introduce many services into everyday life and change the way the banking sector works. Mukhammedova Zarina Murodovna "Disadvantages and Advantages of Blockchain" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46253.pdf Paper URL: https://www.ijtsrd.com/economics/other/46253/disadvantages-and-advantages-of-blockchain/mukhammedova-zarina-murodovna
A presentation about cryptocurrency Bitcoin and the technology it is built on: Blockchain. Some info about bitcoin mining, mining pools and Satoshi Nakamoto who is the mysterious inventor of this revolutionary technology.
Blockchain Technology And CryptocurrencyEno Bassey
A brief presenation about blockchain and understand cryptocurrency. Find out what it is and why you need to know about it. How you can get involved and how it may change the world as we know it.
The global system behind a viewer’s transaction of watching a movie or TV show impacts viewers and show creators every day. What if all stakeholders had the same facts – Writers, Producers, Directors, Unions, Studios, Networks, Distributors, Theaters, Broadcasters, Cable Providers, Satellite providers, OTT providers and viewers? Blockchains offer precisely this opportunity. In this article we are going to explore new methods for enabling accountability in pre-production, production, post production, distribution, consumption and reporting with a secure chain of custody and metadata to be accessed, including key social attributes such as viewing method, display usage, rights compliance, and digital rights management.
Speaker : Steve Wong, HPE
Evaluating the potential of blockchain technology to radically transform business
[Feel free to download the presentation if you'd like to view it offline]
Basic introduction in blockchain, smart contracts, permissioned ledgersKoen Vingerhoets
Presented during Blockchain Vlaanderen #7 on 20/04/2017, organised by Kunstmaan and Antwerp Management School.
The assignment: host a basic introduction into blockchain, share some insights on smart contracts and explain why financial institutions choose other ledgers than bitcoin.
Everything you've been told about blockchains is wrong: the "killer app" isn't any particular implementation, but the database design itself. In this presentation I explain how the permissioned blockchain design pioneered by Eris Industries actually addresses the problems and use-cases everyone's said blockchains can solve, but hasn't actually used them to solve.
Hint: it's not because of "decentralisation."
1 Blockchain needs a native digital asset such as bitcoin;
2 Bitcoin is digital gold and can be as relevant as physical gold for the history of money, finance, and civilization
3 Unrealistic expectations arise from distributed ledger hype: no reference implementation has emerged yet
4 Instant settlement, cash on the ledger, shared data set, and improved automation are not easy to obtain
5 Time-stamping and anchoring are promising applications
6 Hardly disruptive, DLT might be evolutionary DB tech
Eris Industries - American Banker presentation deck. Preston Byrne
Eris Industries' deck (and a recording of the talk) describing our view of where the blockchain space is going in the next couple of years. Any questions, ping Preston directly.
This presentation was made at the March 3, 2016 "Disruptive Innovations in Financial Services" Conference sponsored by the Institute for Financial Services Analytics at the Lerner College of Business and Economics at the University of Delaware.
FirstPartner's 2016 Blockchain Ecosystem Market Map helps to decrypt the blockchain landscape with a visual overview of the emerging ecosystem, players, technologies and trends. It clearly summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
1) Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
2) The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
3) Other Use Cases: The distributed ledger concept and its ability to support transparent and tamper-proof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
A printable version of the map can be downloaded from www.firstpartner.net.
This course covers in detail the technical principles & concepts behind blockchain. In addition, it seeks to provide you with the insights and deep understanding of the various components of blockchain technology, and enables you to determine for yourself how to best leverage and exploit blockchain for your project, organisation or start-up.
Link - https://www.experfy.com/training/courses/blockchain-technology-fundamentals
VCs have for the most part retreated from investing in Bitcoin and Blockchain. The appetite for blockchain products however has only increased. Corporations have formed consortiums such as R3 and the Hyperledger Project to learn more about the technology. Numerous enterprises have rolled out internal pilots to test and explore the applications of blockchain.
At Thomvest, we believe blockchain adoption is about to take off - making it a prime time for VCs to begin making early stage bets.
Take a look at our most recent research report which delves into the current state of blockchain.
First presented on June 27, 2015 for Blockchain University hosted at PricewaterhouseCoopers in San Francisco. [Video: https://www.youtube.com/watch?v=8-OxnJip-bA ] Additional notes, references and citations are in the comments of each slide. I would like to thank Arthur Breitman, Richard Brown, Alexandre Callea, Pinar Emirdag, Andrew Geyl, Dave Hudson, Hyder Jaffrey, Yakov Kofner, Antony Lewis, Todd McDonald, Piotr Piasecki, Robert Sams and John Whelan for their feedback.
Cryptocitizen: Smart Contracts, Pluralistic Morality, and Blockchain SocietyMelanie Swan
Blockchain technology is not just about registering wills and IP on blockchains, and bank transfers taking less than 3 days to settle, philosophically blockchains invite a new level of thinking about what it is to be a cryptocitizen and possibilities for societal design
A short 101 on blockchain and cryptocurrencies - What is blockchain? How to get started investing in crypto? Tactical tips for keeping your investment secure. Presentation for Blockchain & Cryptocurrency Meetup at WeWork San Francisco, Oct 23 2017.
Blockchain concept and technology. How this is becoming the next trend after the Bitcoin, expanding to a myriad of solutions. Smart contracts might be using a public distributed, and encrypted platform to support data persistence.
Are you interested to know about how blockchain works? Then This PPT might help you.
It explains BlockChain Technology, How it work and its applications.
Introduction to blockchain is a presentation to demystify distributed ledger technology. Show and explain how the technology behind Bitcoin works and what are the pros and cons of it (at the time of creating this presentation June 2018)
Virtual or digital currencies, with Bitcoin chief amongst them, have been gaining momentum and investment over the last couple of years. Offering an almost costless means of making payments around the globe, virtual currencies have the potential to bring significant disruption to the banking industry. This potential is not lost on either Bitcoin startups or banks themselves. But how does Bitcoin actually work? A peer-to-peer network maintains the “blockchain”, an innovative cryptographic protocol which securely mediates payments between parties without mutual trust. This session will step through the structure of the blockchain, showing how it solves the “double spend” problem and allows decentralised processing of financial transactions. Whether Bitcoin will become the currency of the internet or it’s a bubble that is doomed to burst sooner or later, the blockchain itself will change the face of transactional banking and perhaps other industries along the way.
Presentation to the Sydney Financial Mathematics Workshop (11 March 2015)
http://www.qgroup.org.au/content/bitcoin-banking-and-blockchain
This is a presentation I gave as a guest lecturer for Law, Markets & Globalization at IIT Chicago-Kent College of Law. The presentation covers what is blockchain and how the technology may be used in supply chains.
There are plenty of bitcoin and blockchain intro decks, so why create another one? Because they are either too technical or too vague on how blockchain actually works! This talk is prepared for audiences who have good educational background and general knowledge about internet. It is used during my trip to Taiwan so some Chinese translations are included. It starts with a basic definition and a functional description of how bitcoin solves the double spending problem, how it was implemented in blockchain, what is mining and why it is critical to the bitcoin ecosystem. Based on these understandings, it goes up a level to talk about how to use cryptocurrencies, the characteristics of a blockchain, and why it has the potential to disrupt financial services and beyond. The talk finishes with an overview of the cryptocurreny market, the rise of Ethereum, and the recent ICO phenomenon. There are several versions of this presentation. This particular version is for financial services professionals so there is more emphasis on blockchain adoption. The CS version covers the math behind mining in more depth, and the general public version provides some cautionary notes regarding speculating on cryptocurrencies. LINE characters are used in illustrations due to their popularity in Taiwan. The American version uses the Simpsons.
A Primer on Blockchain and its Potential, with a Focus on the GCCZeyad T. Al Mudhaf
During my summer internship at BECO Capital, a technology-focused Venture Capital firm based in Dubai, I put together this primer on blockchain that demystifies this hyped up technology, covers key investment trends in the space both globally and regionally within the GCC*, and highlights both the barriers and enablers for wider blockchain adoption in the region. *The GCC is the Gulf Cooperation Council - comprised of the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, and Oman.
Startup Law 101 How to Avoid Legal Pitfalls that Could Doom Your Startup.pptxRoger Royse
A presentation of the legal issues that startups and their founders need to know and the common legal pitfalls that affect startup companies. Unlike more mature companies, startups typically do not have large legal budgets and in house legal counsel focused on legal compliance. Nevertheless, startups must be aware of and comply with law, especially with respect to the issues that are unique to startups.
The presentation covers those unique issues as well as the sometimes surprising and every evolving California rules. In particular, we summarize:
Corporate formation and choice of entity and law;
Securities laws;
Labor and employment and why virtually evert startup in California is probably out of compliance and what you can do about it;
Intellectual property strategies using patent, trademark and trade secret;
Protecting your business through agreements;
Protecting the founders from personal liability;
And more.
The speaker will draw on more than 30 years of startup experience in describing how to manage legal risk on a startup budget.
How Your Company is Affected by the CARES Act and Related LegislationRoger Royse
"Idea to IPO" Webinar description:
The U.S. government is providing relief and stimulating the economy through the $2 TRILLION CARES Act of 2020 and other measures to help corporations, small businesses, and people laid off due to the COVID-19 crisis.
The speaker will discuss:
1) What is the CARES Act of 2020?
2) What does the CARES Act of 2020 hope to achieve?
3) Will there be follow up programs to come?
4) How can entrepreneurs and small businesses benefit from the CARES ACT of 2020?
5) How does one go about applying for grants and loans administered under the CARES ACT of 2020?
6) What are the new rules relating to sick leave and paid leave?
7) What COVID-19 related tax incentives are available to companies?
and more!
How to Get Your Startup Ready for Venture Capital Funding (Idea To IPO)Roger Royse
Venture capital funding is seen as the holy grail for a startup, often improving the company’s chances of a big IPO or exit dramatically. Most companies start their lives with the hope, if not the expectation, that they will eventually receive venture funding. This presentation will cover what a company should do to prepare for venture funding, what steps to take, what the venture capitalists expect and how to avoid venture capital deal breakers.
The speaker will discuss:
1) what types of companies are candidates for venture capital funding
2) the essential assets, qualities or aspects that your company must have to approach a venture capitalist
3) how (and when) you should value your company for venture capitalists
4) how you can protect yourself against dilutive rounds, losing control and being removed from management
5) how to get your company in front of venture capitalists
and more!
Roger Royse discusses the most common legal mistakes made by entrepreneurs and startups. This presentation will focus on issues related to business formation, fundraising, employment, intellectual property, tax, and technology.
Startup Basics: How to Split the Pie, Raise Money and Reward ContributorsRoger Royse
What’s my startup worth? How much equity should founders have? How much equity should I give to employees and consultants? How much should I give the VC’s?
Silicon Valley startup attorney Roger Royse of the Royse Law Firm discusses the basic valuation and ownership issues involved in a startup’s life, from formation to financing to exit, including how to value your company and the contributions of stakeholders and investors at each step with a particular emphasis on different models, best practices and traps to avoid.
Startup Basics: Legal, Business, and Financing StrategiesRoger Royse
Launching a startup - or starting a business - is challenging and is fraught with pitfalls.
Roger Royse, the founder of Royse Law Firm, will discus the basics of building a successful business and how to what mistakes to avoid. Roger will discuss:
1) How should entrepreneurs structure their business?
2) How should founders divide equity?
3) What’s the difference between a contractor and an employee?
4) How does a startup get funded?
5) What is an ICO?
6) How does an entrepreneur successfully negotiate with a VC?
7) How viable is crowdfunding in 2019?
8) How should entrepreneurs protect their intellectual property?
and more!
Funding 101 for Tech Entrepreneurs & StartupsRoger Royse
Roger Royse, founder of the Royse Law Firm, discusses the various options available to entrepreneurs when it comes to funding their startup.
Topics include:
1) What are the best funding options for entrepreneurs to scale their business?
2) When should entrepreneurs pursue external funding?
3) How do entrepreneurs choose the right investor?
4) What alternative sources of funding are available?
5) How and why should a founder stage their funding rounds?
6) When should a founder think about exiting?
7) How can advisors help with the funding process?
GridMate - End to end testing is a critical piece to ensure quality and avoid...ThomasParaiso2
End to end testing is a critical piece to ensure quality and avoid regressions. In this session, we share our journey building an E2E testing pipeline for GridMate components (LWC and Aura) using Cypress, JSForce, FakerJS…
GraphSummit Singapore | The Art of the Possible with Graph - Q2 2024Neo4j
Neha Bajwa, Vice President of Product Marketing, Neo4j
Join us as we explore breakthrough innovations enabled by interconnected data and AI. Discover firsthand how organizations use relationships in data to uncover contextual insights and solve our most pressing challenges – from optimizing supply chains, detecting fraud, and improving customer experiences to accelerating drug discoveries.
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
zkStudyClub - Reef: Fast Succinct Non-Interactive Zero-Knowledge Regex ProofsAlex Pruden
This paper presents Reef, a system for generating publicly verifiable succinct non-interactive zero-knowledge proofs that a committed document matches or does not match a regular expression. We describe applications such as proving the strength of passwords, the provenance of email despite redactions, the validity of oblivious DNS queries, and the existence of mutations in DNA. Reef supports the Perl Compatible Regular Expression syntax, including wildcards, alternation, ranges, capture groups, Kleene star, negations, and lookarounds. Reef introduces a new type of automata, Skipping Alternating Finite Automata (SAFA), that skips irrelevant parts of a document when producing proofs without undermining soundness, and instantiates SAFA with a lookup argument. Our experimental evaluation confirms that Reef can generate proofs for documents with 32M characters; the proofs are small and cheap to verify (under a second).
Paper: https://eprint.iacr.org/2023/1886
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
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Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
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As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
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One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
1. Week 2. Blockchain and Cryptocurrencies:
Key Technical (and Historical) Concepts
Roger Royse
rroyse@rroyselaw.com
www.rroyselaw.com
Research Assistant: Justin Sher
Stanford Continuing Studies FALL 2018 BUS 35
The Business Basics of Blockchain, Crypto Currencies, and Tokens
Week 2 July 1, 2019
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Blockchain, Crypto Currencies, and Tokens
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2. Recap Week 1
1. Evolution of the Trust Protocol
• Double entry accounting, Financial Crisis and cryptocurrencies, Ether and
Dapps
2. Problems Blockchain solves
• Private, Anonymous, Immutable, Transparent, Secure, Immediate, Frictionless
• Cost of verification, networking
3. How Blockchain works
4. Dark Side of Crypto
5. Types of Crytpo Funding: ICOs/IEOs/DICOs/STOs
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3. Week 2: Technical Concepts
1. Two Factor Cryptography: Public and Private
2. Peer to Peer
3. Verification: Proof of Work vs. Proof of Stake
4. Digital Currency
5. Permissioned v. Permissionless Blockchain
6. Ethereum, Smart Contracts and Dapps
7. More Centralized Blockchains: EOS, Steem and Tron
8. Web 3.0: Blockchain and AI
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5. Early Cryptography
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• Public private key (PPK) cryptography introduced at Stanford in
1976
• Before then, a message would be encrypted (scrambled) into a
string of text and sent over insecure channels
• Recipient would decode the text user a cipher or “key” – like a
password
• Keys had to be agreed upon and could be compromised
• PPK solved the problem by not requiring a shared key
• Each party has public key and private key
• First combine public and private key of one party, then combing the
outcome with the private key of another party
6. Two-Factor Cryptography
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• Public-key cryptography: a cryptographic algorithm which
requires two separate keys
• Public key: encrypt plaintext or to verify a digital signature
• Private key: decrypt ciphertext or to create a digital signature
• Two parts of key pair are mathematically linked
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Paired Keys serve two functions:
Authentication: public key verifies that a holder of the paired
private key sent the message
Encryption: only the paired private key holder can decrypt the
message encrypted with the public key.
8. Private Public-key cryptography
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• Shared secret key
• Sender combines sender’s public key and recipient’s private key
• Example: Sender encrypts message with parties’ public keys
• Only the recipient’s private key can decode the message
• Keys mathematically linked
• Useful for digital signatures
• Combine the message with sender’s private key to ensure authenticity
• Then decode the message
10. Peer to Peer
Intranet to Internet
DARPAnet and the client server model – information sent from client
to server
Centralized servers – information flowed from server to client
P2P networks- each participant (peer or “node”) could send and
receive information
Nodes are both suppliers and consumers of information
Applications:
Napster and music sharing
BitTorrent and file sharing
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12. Digital Currency
• Digital currency is a money balance recorded electronically
• Digicash: 1994-1998, digital currency, a central clearinghouse and a
client server model
• Cryptocurrency uses strong cryptography to secure financial
transactions, control the supply, and verify transactions
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Modern crypto currency must:
Control the supply of currency
Keep a record of transactions
Be decentralized
14. BITCOIN (BTC)
• Introduced in 2008 by Satoshi Nakamoto
• Combined cryptography, P2P networks and digital signatures to
create a shared database
• Network of computers validates and maintains a record of
transactions
• Software controls the supply and coordinates validation
• Open protocol, anyone can cerate a pseudonymous account and can
send and receive Bitcoin
• Wallet: help manage accounts.
• Cold wallets are offline
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15. Bitcoin Transaction
• Alice has a Bitcoin wallet with addresses, each of which refer to a
balance of Bitcoin
• Bob creates a new Bitcoin address for Alice to send bitcoin to
• Alice tells her Bitcoin client to transfer 3 BTC to Bob. The client signs
her request with Alice’s private key. The message is broadcast to the
Bitcoin network and eventually included in a block.
• Anyone on the network can use Alice’s public key to see that the
request is from Alice (pseudonymous).
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16. BTC Transactions
• BTC transactions are verified by the nodes
• They then sit in the Memory pool or “Mem Pool” until….
• “Miners” bundle the transactions of the past ten minutes
into a block
• If user has enough BTC, and the transaction fee given to the miner is high
enough, the transaction will be deemed valid and bundled.
• If the user does not have enough BTC, the transaction will be rejected
• If the transaction fee is not high enough and the blockchain is congested, the
transaction will be delayed until there is less congestion.
• Video https://youtu.be/adDTkjffN1U
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17. The Block, or Record of Transactions
• Transactions are grouped together in “blocks”
• Each block links together to create a sequential timestamped chain
• Each block contain information about transfers (and any other data)
• Block has a “header” to organize the data base. The Header contains
• A “hash” or unique fingerprint of data in the block
• Timestamp
• A hash of the previous block
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18. Verification of New Blocks
• In a centralized system, a trusted authority would verify transactions
and create and store the “blocks”
• In a distributed system, the collective must verify
• How can we trust the block? Who is allowed to store information on
the chain?
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19. Verification (Bitcoin)
• Miners bundle data into a block and create a hash
• A hash function maps data of arbitrary size to data of fixed size.
• values returned by a hash function are called hash values, hash codes, hash sums, or hashes.
• Bitcoin uses “nonces” to create different hash values from the same data
• A “nonce” is a random number added to data in the block prior to hashing
• The new hash value is based on the previous hash value, the new transaction block and a
nonce.
• Each hash must have a certain number of leading zeros
• Miners must create many nonces until they produce a hash with leading zeros
• Requires expensive, difficult trial and error calculations (“mining”)
• The high cost of mining prevents fraud
• Solving the puzzle is “Proof of Work”
• Miners awarded BTC for solving the puzzle (reward)
• The hash is broadcast and other nodes verify that the hash meets the requirements
(consensus)
• State updated every ten minutes (calculates balances)
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https://youtu.be/V6gLY-1G4Mc
What is the merkle tree in Bitcoin?
23. Proof of Work
• Artificially makes it computationally costly for network users to
validate transactions
• The benefit of making it costly to validate transactions is that validation can
not be influenced by the number of network identities someone controls, but
only by the total computational power they have
• Rewards them for trying to help validate transactions
• Block reward and transaction fees for every valid hash
• Reward is used so that people on the network will try to help validate
transactions
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24. Integrity of the Blockchain
• Any change in data will change the hash and break the chain
• The 51% Attack: 51% of the miners could theoretically collude to
make it possible to double spend BTC, but no one has that much
computational power. As more blocks are added to the chain it
becomes even more computationally expensive to unwind
transactions and double spend tokens from earlier blocks.
• Creating extra nodes to mine is expensive and uses significant energy
resources.
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25. Consensus Algorithms: verified by miners
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•Proof of work
• The most utilized consensus
algorithm for a blockchain
• Every computer (node)
competes to solve a
mathematical puzzle
• Winning node earns the right to
write the next block and
receives an incentive for that
work
• Energy and cost: requires a
large amount of computing
power
•Proof of Stake
• An alternative consensus
algorithm for a blockchain yield
• Instead of mathematical
contest, miners put up a stake
in return for the right to
validate the network
• Stake as a non-revocable
security deposit against fraud or
inaccuracy
26. Proof of Stake (PoS) Algorithms
• Delegated PoS
• Consensus determined by elected delegates. Promotes centralization.
• https://youtu.be/_rLObP6ZkCA
• Micali’s Algorand
• Lottery system that randomly selects writers of the block from among users
• https://www.algorand.com/resources/news/algorand-publicly-opens-testnet/
• Ethereum’s Casper (Currently in Testing)
• Distributed proof of stake algorithm. Uses penalties against nodes backing losing
forks to mitigate “nothing at stake” problem that has prevented distributed PoS from
successful implementation.
• https://blog.bitmex.com/complete-guide-to-proof-of-stake-ethereums-latest-
proposal-vitalik-buterin-interview/?vtk
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27. Forks and Double Spend
• Suppose Alice transfers the same bitcoin to 2 different people?
• And the nodes verify them both?
• Who wins?
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28. Double Spending Problems
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The double spend problem:
Preventing someone making a purchase
with digital cash from reusing the same
token to purchase again
Source: an image from Steemit website where they describe the
double spend problem
29. Forks and Double Spend
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30. Consensus when the BC forks
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Miners will pick the longest chain
31. Permissioned and Permissionless networks
Source: Blockchainhub website where they describe blockchain & distributed ledger technologies
Permissioned Permissionless
Faster Slower
Managed upkeep Public Ownership
Private Membership Open & Transparent
Trusted Trust-free
Legal Allegal
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32. Ripple – Permissioned Blockchain
• Protocol to facilitate the exchange of currencies and other stores of
value
• Consensus through trusted subnetwork
• Speed
• Trust and security
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33. Ethereum
• Free and open source, peer to peer
• Native digital currency is Ether
• Uses Proof of Work
• Richer functionality
• Solidity, a Turing complete programming language
• Allows anyone to write a smart contract and deploy a dApp
• Faster (12 seconds vs 10 minutes)
• Can run smart contracts
• Can support dApps
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Source: Coinweez website where they describe
decentralized applications
dApps
35. Smart Contracts
• Smart Contract/Ethereum allows the users to codify significant parts
of a workflow process, agreement, or task
• In smart contract, when a transaction occurs, the software
automatically executes an action according to the specification
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36. Ethereum – accounts
• Externally owned account
• Public private keys
• Can send Ether
• Contract Account
• Public address, no private key
• Stores data and runs smart contracts
• Collects Ether
• Ethereum, Virtual Machine (EVM)
• Runs smart contracts
• Charge a fee (“gas”) for each computational step
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37. LibraCoin – Centralized Blockchain
• Run by the Libra Foundation in Switzerland started by Facebook. Currently
in testing. Won’t be released till at least 2020.
• Membership in the foundation costs $10 million and permits a member to
run a validator node. Participation is governance is determined by
ownership of a separate Libra Investment Token that is distinct from the
Libra cryptocurrency.
• Account based like Ethereum.
• Provides a smart contract platform that is similar to Ethereum, but based
on the “Move” programming language. Like Ethereum, the system requires
gas for user’s computation on the network.
• Does not use blocks like other cryptocurrencies. Transactions are added to
the ledger and their scripts executed one at a time in sequence.
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38. LibraCoin – Centralized Blockchain
• The consensus algorithm is optimized for speed providing >1000 transactions a second.
Less than 100 validator nodes are likely to serve the entire network. Uses leader election
algorithm suitable for blockchains where peers trust each other instead of proof of work
or stake.
• There will likely be millions of clients.
• Validators run client’s smart contracts. These scripts are sent with each transaction and
their computation must be paid for by Libra cryptocurrency.
• Validators add and remove Libra supply from the system based on currency reserves.
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39. Last Mile Problem
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• The last mile problem is the disconnect between online and offline
activities
• The last mile is a phrase widely used in the telecommunication industry to refer
to the final leg of the networks that deliver services to retail end-users
• Typically the speed bottleneck in networks: its bandwidth limits the bandwidth
of data that can be delivered to the customer
• The most expensive part of the system and the most difficult to upgrade to new
technology
• Solving the last mile problem means connecting offline events to a
digital recording of those events during the verification of a transaction
43. Week 3: Business Economics of Blockchain
• Questions to be addressed
1. How blockchain technology will shape innovation in different
industries.
2. Evaluate blockchain’s value in short-term and long-term perspective
3. How can companies determine if there is strategic value in
blockchain?
4. How companies take a structured approach in developing
blockchain strategies?
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44. ROYSE LAW FIRM, PC
For questions , Contact
PALO ALTO
1717 Embarcadero Road
Palo Alto, CA 94303
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135 Main Street
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Palo Alto Office: 650-813-9700
CONTACT US
www.rroyselaw.co
m
@RoyseLaw
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SAN FRANCISCO
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Menlo Park Office: 650-813-9700
CONTACT US
www.rroyselaw.com
@RoyseLaw
ORANGE COUNTY
135 S. State College Blvd
Suite 200
Brea, CA 92821
Research Assistant: Natalie Ryang
nryang@rroyselaw.com
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