1. The document discusses blockchains and how they are "WTF" or "Wondrous and Totally Fundamental". 2. It notes that blockchains allow for decentralized databases of transactions and smart contracts through programs of "if this, then that" conditions. This enables uses like insurance that stops your car if not paid. 3. Potential positive consequences are discussed like making transactions cheaper, faster, less fraudulent and more transparent. However decentralization could disrupt traditional business models and value flows. 4. The conclusion urges readers to think about how their company can add value at different levels of blockchains and decentralization, and to help build the technology through learning, experimenting and providing feedback.

1. BLOCKCHAINSARE
WTF*
@gerriesmits x @webtomorrow
8/6/17
*Wondrous & Totally Fundamental

2. Computer
says no
me

3. But, it’s my money!me

4. That’s a big cut indeed!me

5. Statement fortodaywtf
Blockchains are WTF*
*Wondrous & Totally Fundamental
* Waarschijnlijk Toch Fundamenteel

6. Today#
2. Blockchain is wtf
1. WTF is Blockchain?
3. Blockchain is WTF!!

7. My level of
technical
expertise
10
0
2
4
6
8
#

8. 1
WTF is Blockchain?

9. Decentralised database oftransactionsque

10. We take an
orange
role

11. CAAS = Consensus as a softwareaka

12. I’m going to sea & I’m taking with me
Thanks to Ines VL for this metaphor

13. Good luck, bad boy…*!*

14. Blockchains are wtf -
Level 1
2

15. #1#1 Blockchains = transactions

16. • z
The 25.000.000€ pizzasα

17. Transaction of Ownershipa→b

18. #1#2 Blockchains = programmable
IF THEN
= 35 yrs

19. And then cameVitalik Buterinβ
While the Bitcoin protocol is
more than adequate for
currency (…)
there are fundamental
limitations that make it non-
viable for anything beyond a
certain very limited scope of
features.
“
“

20. IF Saturday @ 1900
THEN Generate random numbers
THEN Send € to winning wallets
e.g.

21. IF insurance is not paid
THEN stop the car
e.g.

22. #1ETH Smart Contracts
IF
THEN
ABSOLUTELY
= 35 yrs

23. Making ads less fraudulentcase

24. Who has access, when, to my container?case
Photo by gnovick, licensed under CC BY 3.0

25. Content Licensingcase

26. Governmentscase

27. What’s not to like?yay

28. wtf-consequences - Level 1
CHEAPER!
FASTER!
LESS FRAUD!
MORE TRANSPARENCY!
yay

29. Blockchains are WTF -
Level 2
3

30. B2B2B2B2B2B2B2B2P
nay Old school value flows

31. P2P
yay In Brooklyn…

32. P2P Solar
Energy
P2P
case

33. (More) Direct to Consumercase

34. From the social web…2.0

35. …to an internet ofvalue3.0
Very meta illustration

36. Create your own tokenWTF

37. p2p Cooperative as Business Model

38. +
+
WTF-consequences - Level 2
ENTREPRENEURSHIP
PROSPERITY
TECHNOLOGY
yay

39. FourTakeaways
4

40. wtf-level 1: optimise transactions1
Immutable
+Transactions
= Blockchain wtf 1
Optimisation
Conditional
Trust

41. 2 WTF Level 2: your added value?
B2B2B2B2B2B2B2B2P
Your
Company?

42. Make sure your coin drops3
It’s up to all of us to
put in the hours.
We need to think, build, buy,
be confused, get ripped off,
start,…

43. Sign up via
gerriesmits.
com/
blockchain-
boek
FREE
coins
Blockchain
is WTF*
*Waarschijnlijk Toch
Fundamenteel
out in
Autumn 17

44. The lens of decentralisation4

45. THANK YOU >>
gerrie@gerriesmits.com
+32 491 354 365
@gerriesmits