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Blockchain Revolution
Geeta Chauhan @CTO Summit, May 2016
Fully Democratize Internet
InformationAge  Internet of Value
Commerce
Assets
Data
Organizations
Source: Tribune.com, Design: Sunara Nizami
What is Blockchain?
▪ Distributed Ledger:
ImmutableTransactions
▪ Each block:Timestamp + Nonce + Crypto
Hash of prior blocks + List ofTrxns
▪ Decentralized Consensus: PoW
▪ Open +Trust + Secure
▪ Replaces MIDDLEMAN
▪ Bitcoin  Smart Contracts  DApps, DAOs
Source: Economist.com
Consumer &Things Enterprise Public Sector
Identity - Consumer owned
You are in charge of your own data
What to share with whom and for
how long?
Integration across boundaries
B2B, across departments
Permissioned &
Permission-less
Delaware Blockchain Initiative
Provenance - proof of authenticity Common protocol for value and
non-fungible digital assets
Portable Identity - Driver’s License,
Social Security, Global Passport
Reputation across boundaries
Decentralized Autonomous
Organizations
Transparency for governments
Autonomous IoT with Smart
Contracts
Intellectual Property,Artists
Open Commerce
Healthcare
Insurance
SupplyChain
Finance - securities, money transfer
Accounting
Legal
Voting,
Smart Property,
Land title registry,
Notary,
Tax Receipts
SUber: Decentralized Uber
▪ “Disrupting the disruptor” ~AlexTapscott, MIT Bitcoin Days
▪ 25-35% Fee
▪ Driver and Consumer friendly
▪ True Shared Economy model
“smart transportation system will not only be run by the
community; it will be owned by the community” ~ La’Zooz
▪ Future: Autonomous cars running smart contracts against smart
cities infrastructure
Healthcare
▪ Portable Electronic Health Records
▪ Healthcare blockchain -- either public owned or shared across
consortium of insurance providers
▪ Health Databanks & Quantified Self Data Commons
▪ Organ Donations - provenance - multiparty signature - ethical
donations - counter for illegal human organ trafficking
▪ DNA.bits – sharing of genetics and correlated clinical data
▪ FoldingCoin: Green mining for protein folding
Smart Contracts
Self-enforcing programmatic
contracts
Lawyers will be programmers
EtherScripter : Health Wallet, Timed
medical record
Insurance & Transportation
▪ Eliminate Double claim frauds
▪ Peer-to-peer insurance (www.dynamisapp.com)
▪ Airplane crash: supply chain sourcing records for all major
components, maintenance history audit trail
▪ Drone Employee:
decentralized
air traffic control
(DAO)
Source: Drone Employee
Challenges & Opportunities
▪ Scalability, MIT Review ~27 tps vsVisa 2k tps, PayPal ~150 tps
▪ Regulatory & Legal concerns
▪ Linux Foundation Hyperledger Project
▪ IBM Blockchain aaS, Azure Ethereum aaS
Questions?
Contact: geeta@sustinnova.com
References
▪ Ethereum Whitepaper: https://github.com/ethereum/wiki/wiki/White-Paper
▪ IBM Empowering the Edge paper: http://www-
935.ibm.com/services/multimedia/GBE03662USEN.pdf
▪ https://www.hyperledger.org/
▪ FoldingCoin Whitepaper: http://foldingcoin.net/the-coin/white-paper/
▪ http://www.wsj.com/articles/delaware-considers-using-blockchain-
technology-1462145802
▪ SEC Approves plan to issue Stocks over Blockchain
▪ NASDAQ Linq Blockchain Platform:
http://ir.nasdaq.com/releasedetail.cfm?releaseid=948326

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Blockchain revolution

  • 1. Blockchain Revolution Geeta Chauhan @CTO Summit, May 2016
  • 2. Fully Democratize Internet InformationAge  Internet of Value Commerce Assets Data Organizations Source: Tribune.com, Design: Sunara Nizami
  • 3. What is Blockchain? ▪ Distributed Ledger: ImmutableTransactions ▪ Each block:Timestamp + Nonce + Crypto Hash of prior blocks + List ofTrxns ▪ Decentralized Consensus: PoW ▪ Open +Trust + Secure ▪ Replaces MIDDLEMAN ▪ Bitcoin  Smart Contracts  DApps, DAOs Source: Economist.com
  • 4. Consumer &Things Enterprise Public Sector Identity - Consumer owned You are in charge of your own data What to share with whom and for how long? Integration across boundaries B2B, across departments Permissioned & Permission-less Delaware Blockchain Initiative Provenance - proof of authenticity Common protocol for value and non-fungible digital assets Portable Identity - Driver’s License, Social Security, Global Passport Reputation across boundaries Decentralized Autonomous Organizations Transparency for governments Autonomous IoT with Smart Contracts Intellectual Property,Artists Open Commerce Healthcare Insurance SupplyChain Finance - securities, money transfer Accounting Legal Voting, Smart Property, Land title registry, Notary, Tax Receipts
  • 5. SUber: Decentralized Uber ▪ “Disrupting the disruptor” ~AlexTapscott, MIT Bitcoin Days ▪ 25-35% Fee ▪ Driver and Consumer friendly ▪ True Shared Economy model “smart transportation system will not only be run by the community; it will be owned by the community” ~ La’Zooz ▪ Future: Autonomous cars running smart contracts against smart cities infrastructure
  • 6. Healthcare ▪ Portable Electronic Health Records ▪ Healthcare blockchain -- either public owned or shared across consortium of insurance providers ▪ Health Databanks & Quantified Self Data Commons ▪ Organ Donations - provenance - multiparty signature - ethical donations - counter for illegal human organ trafficking ▪ DNA.bits – sharing of genetics and correlated clinical data ▪ FoldingCoin: Green mining for protein folding
  • 7. Smart Contracts Self-enforcing programmatic contracts Lawyers will be programmers EtherScripter : Health Wallet, Timed medical record
  • 8. Insurance & Transportation ▪ Eliminate Double claim frauds ▪ Peer-to-peer insurance (www.dynamisapp.com) ▪ Airplane crash: supply chain sourcing records for all major components, maintenance history audit trail ▪ Drone Employee: decentralized air traffic control (DAO) Source: Drone Employee
  • 9. Challenges & Opportunities ▪ Scalability, MIT Review ~27 tps vsVisa 2k tps, PayPal ~150 tps ▪ Regulatory & Legal concerns ▪ Linux Foundation Hyperledger Project ▪ IBM Blockchain aaS, Azure Ethereum aaS
  • 11. References ▪ Ethereum Whitepaper: https://github.com/ethereum/wiki/wiki/White-Paper ▪ IBM Empowering the Edge paper: http://www- 935.ibm.com/services/multimedia/GBE03662USEN.pdf ▪ https://www.hyperledger.org/ ▪ FoldingCoin Whitepaper: http://foldingcoin.net/the-coin/white-paper/ ▪ http://www.wsj.com/articles/delaware-considers-using-blockchain- technology-1462145802 ▪ SEC Approves plan to issue Stocks over Blockchain ▪ NASDAQ Linq Blockchain Platform: http://ir.nasdaq.com/releasedetail.cfm?releaseid=948326