BlockChain, Bitcoin and Smart Contracts - Oleg Kudrenko
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This document discusses blockchain technology and smart contracts. It begins by introducing blockchain and smart contracts, then describes how blockchain can create an "internet of value" to transfer various digital assets. It explains how blockchain uses cryptography and distributed networks to securely record transactions in an immutable ledger without intermediaries. The document also provides examples of how smart contracts can automate transactions by executing when predetermined conditions are met, such as flight delay insurance that pays out automatically if a flight is late.
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BlockChain, Bitcoin and Smart Contracts - Oleg Kudrenko
- 1. Blockchain and Smart Contracts The technology likely to have the greatest impact on the next few decades has arrived Fall 2016 Kudrenko Oleg
- 2. EXPERIENCE 10 years of developing 06 years with e-Commerce 03 years with Blockchain
- 6. THE TECHNOLOGICAL REVOLUTION Mobility Social Web
- 7. THE TECHNOLOGICAL REVOLUTION Internet of Things Mobility Social Web
- 8. THE TECHNOLOGICAL REVOLUTION Big DataInternet of Things Mobility Social Web
- 9. THE TECHNOLOGICAL REVOLUTION Big DataInternet of Things Mobility Social Web The Cloud
- 10. THE TECHNOLOGICAL REVOLUTION Big DataInternet of Things Mobility Social Web The Cloud Machine Learning Drones & Robotics
- 11. Big Data Internet of Things Mobility Social Web The Cloud Machine Learning Drones & Robotics BLOCKCHAIN
- 12. THE INTERNET OF INFORMATION Web Sites
- 13. THE INTERNET OF INFORMATION Web Sites Photos PDFsDocs INFORMATION
- 14. Web Sites Photos PDFs EmailPPT Slides Docs THE INTERNET OF INFORMATION INFORMATION
- 16. AN INTERNET OF VALUE ASSETS VotesArt Energy Identity Visual Art Film Reputation Aftestations Carbon credits Music Social Capital ASSETS Money Intellectual property Contracts Other Financial Assets Other Swaps Futures Bonds Stocks IOUs Premiums Receivables Coupons Deeds Loyalty points NEEDED:
- 18. THE MIDDLEMAN
- 19. THE MIDDLEMAN
- 20. INTERNATIONAL WIRE TRANSFER Sender Bank
- 21. Sender Bank INTERNATIONAL WIRE TRANSFER
- 22. Sender Bank INTERNATIONAL WIRE TRANSFER Receiver Bank CORRESPONDENT
- 23. Sender Bank Slow Bank Receiver Bank CORRESPONDENT INTERNATIONAL WIRE TRANSFER
- 24. USD EUR CORRESPONDENT INTERNATIONAL WIRE TRANSFER Sender Bank Slow Bank Receiver Bank
- 26. 10^9
- 27. AN INTERNET OF VALUE ASSETS VotesArt Energy Identity Visual Art Film Reputation Aftestations Carbon credits Music Social Capital ASSETS Money Intellectual property Contracts Other Financial Assets Other Swaps Futures Bonds Stocks IOUs Premiums Receivables Coupons Deeds Loyalty points NEEDED:
- 30. WHO IS SATOSHI NAKAMOTO?
- 32. WHAT IS MONEY?
- 33. WHAT IS MONEY? accumulation of funds cost estimate exchange (absolute liquidity)
- 34. VOLATILITY
- 36. ЕЙ ия?
- 37. ПОПУЛЯРНЫЕ ВОПРОСЫ О БИТКОИН СРЕДИ ПОЛЬЗОВАТЕЛЕЙ Что делает Биткоин интересным? Является ли биткоин средством инвестирования? Как можно купить биткоины? Как хранить биткоины? Насколько безопасно хранить биткоины? Как потратить биткоины? FAQ
- 38. BITCOIN & BUSINESS What merchant need to know to sell products for Bitcoins
- 39. BLOCKCHAIN
- 40. DECENTRALIZATION
- 41. DECENTRALIZATION OF INFORMATION Encyclopedia Britanica Wikipedia Centralized Content Decentralized Content
- 42. HOW BLOCKCHAIN PROCESS BITCOIN TRANSACTIONS
- 43. Wake up, Neo… User Internet ASYMERTIC ENCRYPTION
- 44. Wake up, Neo… User Internet Private Key Public Key anyone can encrypt all know message owner ASYMERTIC ENCRYPTION
- 45. Wake up, Neo… User Internet Private Key Public Key anyone can encrypt all know message owner ASYMERTIC ENCRYPTION
- 46. Wake up, Neo… User Internet Private Key Public Key anyone can encrypt all know message owner can encrypt only private key owner ASYMERTIC ENCRYPTION
- 47. Private Key Public Key anyone can encrypt all know message owner What is ENCRYPTED with one key Key Can be DECRYPTED with the other What is ENCRYPTED with one key KeyCan be DECRYPTED with the other KEY PAIR ASYMERTIC ENCRYPTION
- 53. BUY Bob and Alice both have Bitcoin "wallets" on their computers. Alice want to buy some goods from Bob using Bitcoin.
- 54. Wallets are provides access to multiple Bitcoin addresses. Wallets are provides access to multiple Bitcoin addresses.
- 55. Wallets are provides access to multiple Bitcoin addresses. 3 2 S N a 8 g k e a r J ATe y A f T j X 7 n y q z t W s D 4 m n b An address is a string of letters and numbers.
- 56. Client sign with Alice private key Bitcoin transaction which tell that Alice send some amount to Bob.
- 57. Alice client send signed transaction to miners.
- 58. Miners computers bundle the transactions of the past 10 minutes into a new "transaction block."
- 59. The mining computers calculate new hash values based on a combination of the previous hash value, the new transaction block and a nonce Nonce Hash value Nonce Hash value Hash value
- 60. As time goes on, Alice's transfer to Bob gets buried beneath other, more recent transactions. For anyone to modify the details require redo the work of all the subsequent miners. Such a feat is nearly impossible.
- 65. IMMUTABLE
- 67. SMART CONTRACTS
- 72. CONTACTING EXTERNAL SERVICES Bitcoin Blockchain Ethereum Blockchain Internet Bitcoin Blockchain Ethereum Blockchain Internet
- 73. CONTACTING EXTERNAL SERVICES Bitcoin Blockchain Ethereum Blockchain Internet Bitcoin Blockchain Ethereum Blockchain Internet Oraclize
- 74. CONTACTING EXTERNAL SERVICES Bitcoin Blockchain Ethereum Blockchain Internet Oraclize
- 78. FLIGHT DELAY INSURANCE BLOCKCHAIN SMART CONTRACT Customer Sales Insurance rate provider Flights datafeed Scheduler Deloitte Payment processorBank
- 79. FLIGHT DELAY INSURANCE BLOCKCHAIN SMART CONTRACT Customer Sales Insurance rate provider Flights datafeed Scheduler Deloitte Payment processorBank 1.Get Insurance Rate 2. Gets insurance rate 3. Create insurance 4. Verifies insurance rate 5. Verifies flight info 6. Departure info 7. Insured case 11. Signed payment approval 14. Insurance case validation 12. Insured case 8. Insured case payment 10. Signed payment approval 9. Make payment 13. Flight data Flight statistic
- 90. THANKS FOR ATTENTION FB: Oleg Kudrenko oleg.kudrenko@gmail.com