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Blockchain Lunch and Learn
- 1. Blockchain - Whatis the hype? www.decentralize.global
- 2. From Cypherpunk roots! ~1993 ~2008-9 Oct2008 Jan 2009 May 2010
- 4. Cash in theDigital World!
- 5. P2P Value asa protocol unlocks other opportunities!
- 6.
- 7. A new businessmodel for every industry!
- 10. Three Takeaways! 1. Thedisruption of Money is just the beginning! 2. Early days.. The early 90’s of the internet. 3. Immutable reflection of ownership and history of ‘something’ offers new ops and business models!
- 11. Further reading! ● BitcoinWhitepaper - https://bitcoin.org/bitcoin.pdf ● Cypherpunk Manifesto - https://www.activism.net/cypherpunk/manifesto.html ● NASA Ethereum - https://www.ethnews.com/nasa-awarded-a-grant-for-ethereum-blockchain-related-research ● Crypto news - https://www.coindesk.com
Editor's Notes
- #2 Blockchain…. What is the hype? In 2015 discovered bitcoin Working for NAB up until last november.. Co lead of blockchain working group - education/pilots/partnerships Late last year I decided to take the leap and started decentralize... consult, design and deliver
- #3 Intro eric hughes - john perry barlow (declaration of independence of cyberspace) - julian assange - focussed on privacy in the digital world. Embedded in the genesis block was the message - The Times 03/Jan/2009 Chancellor on brink of second bailout for banks) which I think articulates the problem they aimed to solve Pizza bought for 10k bitcoin… ~$7Mill US pizza.
- #4 intro $165Bn USD.. Nov $2Bn USD per day It’s traded in >50 regional markets globally with over 170 trading platforms.
- #5 intro Double spend problem - cash $5 dollars. reach agreement on ownership between distributed non trusting group - byzantine generals problem Bitcoin uses proof of work to solve this problem… basically having everyone put in work for a reward to show they can be trusted. But proof of work is not the only mechanism. 4 are… proof of work based… economic based… hybrid..)
- #6 intro Bitcoin solved this problem allowing a group to definatively agree ownership, history of something without an intermediary Turns out this presents other opportunities. efficiency… central transactions unworkable in IOT. control… with ownership comes control to reveal, partially reveal or not… or even prove ownership without revealing. Leverage - digital version of a thing means we can use it as leverage.. Short term financing.. Demonstrate authenticity etc. automation
- #7 intro Is an open source movement like linux.. huddocoin! there are today >1500 exchange listed crypto-currencies in existence most of them rubbish. Argument of consolidation vs currencies for all - similar to evolution of routing protocols Atomic swaps Give example of fucoin.
- #8 intro Startup scene is using this to disintermediate and transform business models Govtech with bin routing… Health records.. Energy trading markets (powerledger) Prediction markets Food authenticity - provenance. Fund management Even democracy and voting - flux party.
- #9 Financial markets disruption Biggest initial disruption use case is venture capital in ICOs
- #10 The most interesting element I think is where the tech intersects and complements other things like AI, ML and IOT. For example NASA. Open Mined Disrupting Air BnB Openbazaar decentralized ebay Filecoin decentralized AWS Civic for identity and personal records.