SlideShare a Scribd company logo
deconstructed
Blockchain
What isit & what doesit mean for your industry?
Business
explanation
A NON-TECHNICAL
*Wepromise!
*
Understand
Blockchain & Bitcoin
IN 20 SLIDES
+ 15 REAL CASES
FROM 5 INDUSTRIES
FINANCIAL
SERVICES INSURANCE
REAL
ESTATE
HEALTHCARE
RETAIL GO!
SURE
Areyou in themood for a definition?
NOPE
WHAT?Block
Watch this2 min video
via Instuteof theFuture
Blockchain isa
peer-to-peer distributed ledger technology
for transactional applications
""
""
nexxworksSeptember 2016
DEFINITIONS ARE PRETTY... BORING.
HOW DOES THAT BLOCKCHAIN STUFF WORK?
BLOCKCHAIN TECHNOLOGYTRADITIONAL TRANSACTION SYSTEMS
requirea third party to executeand
verify transactions.
eliminatestheneed for a third party to
executeand verify transactions.
*Seefurtheron
Two examples:
1. To transfer *, you need the
to executethetransaction.
2. aretriggered by an event
and self-executed by a
BITCOIN
NETWORK OF PEERS
SMART CONTRACTS
PRE-DEFINED ALGORITHM
Two examples:
1. To transfer , you need the
to executethetransaction.
2. You depend on your
to properly executeyour
MONEY
BANK
INSURANCE BROKER
INSURANCE POLICY
VS.
nexxworksSeptember 2016
Central authority
Traditional centralised ledger system Distributed ledger system
nexxworksSeptember 2016
Transactionsarerun on onecentralised
ledger, managed by thecentral authority in
charge: for examplea bank or a notary.
Thisthird party actsasa
,
and chargesa feeto do so. Thismakes
transactionsslowand expensive.
It isalso not transparent and dependent on
thecentral authority'ssecurity measures.
Thismakesit sensitiveto fraud and theft.
CENTRAL INTERMEDIARY
Transactionsarerun on a distributed ledger,
managed by 1000sof computers:
a network of peers.
Transactionsareonly executed after
by all peersin thenetwork.
No third party isinvolved.
Thishappensalmost instantaneously.
Thismakesblockchain unforgeable.
It also makesit faster and cheaper.
UNANIMOUS DECENTRAL VERIFICATION
nexxworksSeptember 2016
BLOCKCHAIN TECHNOLOGYTRADITIONAL TRANSACTION SYSTEMS
Public but anonymousdatabase
Open-sourcecode
TRANSPARENCY
Unforgeablevalidation by 1000sof computers
Cryptographic signatures= security
SECURITY
Decentralised direct exchange
No 3rd party needed
PEER-TO-PEER
3 KEY
PRINCIpleS
nexxworksSeptember 2016
REDUCES TIME REDUCES COSTREDUCES RISK
All peersmust unanimously
validatetransaction
Send 500€ from Belgium to India
in 5secondsinstead of 2 to 5days
Removescostsof intermediaires
(bank, notary,...)
3 KEy
BENEFITS
nexxworksSeptember 2016
IT ALL STARTED WITH Bitcoin
Bitcoin isthe1st Blockchain application ever.
Bitcoin isa cryptocurrency created and maintained on
distributed ledger technology (DLT) called Blockchain.
Bitcoin isto Blockchain what email wasto theInternet: a first killer application.
nexxworksSeptember 2016
Bitcoin (BTC) isa cryptocurrency:
a digital currency which isheld in your digital wallet.
Bitcoin isoneof thefastest growing
currenciesof thepast years.
Today, 1 Bitcoin isworth $604,88. (click herefor current price)
Bitcoin isindependent from any authority such asa bank or government.
Exchangesarethereforemuch faster and cheaper.
In 2009, thefirst Bitcoin wasworth lessthan $0,01.
nexxworksSeptember 2016
$10B market cap
2008 2016
1 BTC = $0,01
...
Whitepaper by
Satoshi Nakomoto
= inception blockchain
BITCOIN HIGHLIGHTS
1 BTC = $670
Man buysa $25pizza
with 10.000 BTC.
In today'sBTC value
that'sa $6.7M pizza!
All-timeBTC high
dueto speculation
1 BTC = $1216
Bitcoin
launched
2009 2013
via Coindesk historic BTC prices
nexxworksSeptember 2016
The Blockchain
Ecosystem
+/- 500 companiesin bitcoin & blockchain spaceanalyzed worldwide
8 MAIN CATEGORIES
1. Smart contract category
$500 M invested
2. Bitcoin payment category
$250 M invested
via Quid deep search tool
A man bought $27 worth of Bitcoin in 2008,
forgetsabout it. 4 yearslater hefinds
them again and sellsfor
$800.000
SAY WHAT?
nexxworksSeptember 2016
STARTUP FUNDING
Morethan $1B invested worldwide
in 138 Venture-Capital-backed
bitcoin & blockchain startups
of thosearebased in Silicon Valley
51%
nexxworksSeptember 2016
21 Inc.
Circle
Coinbase
$136M
$121M
$117M
via CNN, Crunchbase& Coindesk - Stateof Blockchain Q1 2016
MOST FUNDED BLOCKCHAIN & BITCOIN STARTUPS
Total invested: Startup:
nexxworksSeptember 2016
AndYOURIndustry?
Financial
services
Howto digitally manageasset trading
- Nasdaq Linq
Howto savebillionson international
transaction fees- Ripple
Howto hold and transfer money securely
without banks- Circle
INSURANCE
Howto automateinsurance& claims
handling - InsurETH
Howto eliminateinsurancefraud
- Everledger
Howto providepeer-to-peer insurance
- Dynamis
Click thelinksto discover thewholestory
nexxworksSeptember 2016
HEALTHCARE
Howto speed up research by distributing
processing power - FoldingCoin
Howto securely centralise
electronic digital records- Gem
Howto eliminatecounterfeit drugs
- BlockVerify
nexxworksSeptember 2016
retail
Howto providetransparency in
provenanceof products- Provenance
Howto enablea platform for inter-device
commerce- IBM ADEPT
Howto deliver energy with autonomous
micro-payments- RWE & Slock.it
REAL ESTATE
Howto securely verify identity & detect
fraud - TrustStamp
Howto makeownership transfer in
real estatefast & easy - Ubitquity
Howto decentralise& disintermediate
buying & selling of real estate- REX
nexxworksSeptember 2016
Download the
infographic
nexxworksSeptember 2016
Blockchain
deconstructed
HERE
Check howthenexxworksIgnition Bootcampscan inspireyou with
thelatest market evolutionsand changeyour innovation DNA.
nexxworksSeptember 2016
www.nexxworks.com
@nexxworks
Sharethis:
Written by Juliedela Kethulle- julie@nexxworks.com

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TALENT ACQUISITION AND MANAGEMENT LECTURE 2
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Blockchain Deconstructed - by nexxworks

  • 1. deconstructed Blockchain What isit & what doesit mean for your industry?
  • 4. + 15 REAL CASES FROM 5 INDUSTRIES FINANCIAL SERVICES INSURANCE REAL ESTATE HEALTHCARE RETAIL GO!
  • 5. SURE Areyou in themood for a definition? NOPE WHAT?Block Watch this2 min video via Instuteof theFuture Blockchain isa peer-to-peer distributed ledger technology for transactional applications "" "" nexxworksSeptember 2016
  • 6. DEFINITIONS ARE PRETTY... BORING. HOW DOES THAT BLOCKCHAIN STUFF WORK? BLOCKCHAIN TECHNOLOGYTRADITIONAL TRANSACTION SYSTEMS requirea third party to executeand verify transactions. eliminatestheneed for a third party to executeand verify transactions. *Seefurtheron Two examples: 1. To transfer *, you need the to executethetransaction. 2. aretriggered by an event and self-executed by a BITCOIN NETWORK OF PEERS SMART CONTRACTS PRE-DEFINED ALGORITHM Two examples: 1. To transfer , you need the to executethetransaction. 2. You depend on your to properly executeyour MONEY BANK INSURANCE BROKER INSURANCE POLICY VS. nexxworksSeptember 2016
  • 7. Central authority Traditional centralised ledger system Distributed ledger system nexxworksSeptember 2016
  • 8. Transactionsarerun on onecentralised ledger, managed by thecentral authority in charge: for examplea bank or a notary. Thisthird party actsasa , and chargesa feeto do so. Thismakes transactionsslowand expensive. It isalso not transparent and dependent on thecentral authority'ssecurity measures. Thismakesit sensitiveto fraud and theft. CENTRAL INTERMEDIARY Transactionsarerun on a distributed ledger, managed by 1000sof computers: a network of peers. Transactionsareonly executed after by all peersin thenetwork. No third party isinvolved. Thishappensalmost instantaneously. Thismakesblockchain unforgeable. It also makesit faster and cheaper. UNANIMOUS DECENTRAL VERIFICATION nexxworksSeptember 2016 BLOCKCHAIN TECHNOLOGYTRADITIONAL TRANSACTION SYSTEMS
  • 9. Public but anonymousdatabase Open-sourcecode TRANSPARENCY Unforgeablevalidation by 1000sof computers Cryptographic signatures= security SECURITY Decentralised direct exchange No 3rd party needed PEER-TO-PEER 3 KEY PRINCIpleS nexxworksSeptember 2016
  • 10. REDUCES TIME REDUCES COSTREDUCES RISK All peersmust unanimously validatetransaction Send 500€ from Belgium to India in 5secondsinstead of 2 to 5days Removescostsof intermediaires (bank, notary,...) 3 KEy BENEFITS nexxworksSeptember 2016
  • 11. IT ALL STARTED WITH Bitcoin Bitcoin isthe1st Blockchain application ever. Bitcoin isa cryptocurrency created and maintained on distributed ledger technology (DLT) called Blockchain. Bitcoin isto Blockchain what email wasto theInternet: a first killer application. nexxworksSeptember 2016
  • 12. Bitcoin (BTC) isa cryptocurrency: a digital currency which isheld in your digital wallet. Bitcoin isoneof thefastest growing currenciesof thepast years. Today, 1 Bitcoin isworth $604,88. (click herefor current price) Bitcoin isindependent from any authority such asa bank or government. Exchangesarethereforemuch faster and cheaper. In 2009, thefirst Bitcoin wasworth lessthan $0,01. nexxworksSeptember 2016
  • 13. $10B market cap 2008 2016 1 BTC = $0,01 ... Whitepaper by Satoshi Nakomoto = inception blockchain BITCOIN HIGHLIGHTS 1 BTC = $670 Man buysa $25pizza with 10.000 BTC. In today'sBTC value that'sa $6.7M pizza! All-timeBTC high dueto speculation 1 BTC = $1216 Bitcoin launched 2009 2013 via Coindesk historic BTC prices nexxworksSeptember 2016
  • 14. The Blockchain Ecosystem +/- 500 companiesin bitcoin & blockchain spaceanalyzed worldwide 8 MAIN CATEGORIES 1. Smart contract category $500 M invested 2. Bitcoin payment category $250 M invested via Quid deep search tool A man bought $27 worth of Bitcoin in 2008, forgetsabout it. 4 yearslater hefinds them again and sellsfor $800.000 SAY WHAT? nexxworksSeptember 2016
  • 15. STARTUP FUNDING Morethan $1B invested worldwide in 138 Venture-Capital-backed bitcoin & blockchain startups of thosearebased in Silicon Valley 51% nexxworksSeptember 2016
  • 16. 21 Inc. Circle Coinbase $136M $121M $117M via CNN, Crunchbase& Coindesk - Stateof Blockchain Q1 2016 MOST FUNDED BLOCKCHAIN & BITCOIN STARTUPS Total invested: Startup: nexxworksSeptember 2016
  • 17. AndYOURIndustry? Financial services Howto digitally manageasset trading - Nasdaq Linq Howto savebillionson international transaction fees- Ripple Howto hold and transfer money securely without banks- Circle INSURANCE Howto automateinsurance& claims handling - InsurETH Howto eliminateinsurancefraud - Everledger Howto providepeer-to-peer insurance - Dynamis Click thelinksto discover thewholestory nexxworksSeptember 2016
  • 18. HEALTHCARE Howto speed up research by distributing processing power - FoldingCoin Howto securely centralise electronic digital records- Gem Howto eliminatecounterfeit drugs - BlockVerify nexxworksSeptember 2016
  • 19. retail Howto providetransparency in provenanceof products- Provenance Howto enablea platform for inter-device commerce- IBM ADEPT Howto deliver energy with autonomous micro-payments- RWE & Slock.it REAL ESTATE Howto securely verify identity & detect fraud - TrustStamp Howto makeownership transfer in real estatefast & easy - Ubitquity Howto decentralise& disintermediate buying & selling of real estate- REX nexxworksSeptember 2016
  • 21. Check howthenexxworksIgnition Bootcampscan inspireyou with thelatest market evolutionsand changeyour innovation DNA. nexxworksSeptember 2016 www.nexxworks.com @nexxworks Sharethis: Written by Juliedela Kethulle- julie@nexxworks.com