Richie Etwaru's Keynote at Oral Roberts University in 2018. The Audacity To Break Into A New Economic Period

1. @richieetwaru [RE]
The Audacity To Break Into A New Economic Period
BLOCK∙CHAIN

2. @richieetwaru

3. @richieetwaru [RE]
Experience &
Engagement
Economic Period2000 - 2020

4. @richieetwaru

5. @richieetwaru [RE]
2000 2020
The valley of
death
Competitivegreenfield

6. @richieetwaru

7. @richieetwaru [RE]
How did we compete before the year
2000?

8. @richieetwaru

9. @richieetwaru [RE]
Price &
Quality
Economic Period1960 - 2000

10. @richieetwaru

11. @richieetwaru [RE]
1940 2000
The valley of
death
Competitivegreenfield

12. @richieetwaru [RE]
2000 20201960
40 Years 20 Years

13. @richieetwaru [RE]
What will we compete with after the year
2020?

14. @richieetwaru [RE]
2000 20201960 2040

15. @richieetwaru [RE]
What triggers one economic period to
another?

16. @richieetwaru [RE]

17. @richieetwaru [RE]
2000 20201960 2040
Democratizing
Credit
Compressing
Distance
Spotlighting
Fraud

18. BLOCKCHAIN

19. @richieetwaru [RE]
Trust &
Transparency
Economic Period2020 - 2040

20. @richieetwaru [RE]
What is the problem that blockchain
solves?

21. @richieetwaru [RE]
Have we change transaction trust in the
last 200 years?

22. @richieetwaru

23. @richieetwaru

24. @richieetwaru [RE]
We manufacture trust with intermediaries,
contracts and familiarity

25. @richieetwaru

26. @richieetwaru [RE]
Blockchain reduces the time and cost of
verifying data

27. @richieetwaru [RE]
Drivers license issued001 1996
First speeding ticket002 1997
License renewed003 2001
Stop light violation004 2003
Driving while intoxicated005 2003
License suspended (6 months)006 2003
License reinstated007 2004
Second speeding ticket008 2013
tamper-abledata that requires significant effort to decipher if it was tampered with
005 2003
006 2003
007 2004

28. @richieetwaru [RE]
Drivers license issued001 1996
First speeding ticket002 1997
License renewed003 2001
Stop light violation004 2003
Driving while intoxicated005 2003
License suspended (6 months)006 2003
License reinstated007 2004
Second speeding ticket008 2013
immutabledata that requires little effort to decipher if it was tampered with
DMV
NYC Police Dept.
DMV - Online
NYC Police Dept.
NYC Police Dept.
NYS Court
DMV
NJ State Police

29. @richieetwaru [RE]
thisis one of the fundamental mental cornerstones of blockchain
“Trust me, you can
trust me.”
“Easily test if I am
trustable.”vs

30. @richieetwaru [RE]
trust new data which were once not worth the investment to manufacture trust around
Data that can be exchanged 1:1 without intermediary
Financial
Data
Identity
Data
Reputation
Data
Inventory
Data
Market
Data
Agreement
Data
Corporate
Data

31. BLOCKCHAIN

32. @richieetwaru [RE]
Blockchain increases the reach of market
consensus and partner familiarity

33. @richieetwaru [RE]
DMV
NYC
Police
Dept.
NJ
State
Police
Richie’s Personal Copy

34. @richieetwaru [RE]
thisis one of the fundamental mental cornerstones of blockchain
“I need to know you to
transact with you”
“Your trustworthiness is
publically availablevs

35. @richieetwaru [RE]
consensus and familiarity with unfamiliar trading partners in intimate ways
New trading partners at low cost and high confidence
Those that I already
know and already
trust
Those I already know
but don’t really trust
as yet
Those that I don’t
know and as a result
don’t trust
Those that I don’t
know that I don’t
know as yet
Intra-organization
Inter-organization &
intra-industry
Inter-industry and
intra-geographies
Inter-geographies

36. @richieetwaru [RE]
New data sets that can be trusted at low cost
Unfamiliarpartnerstransactingin
intimately
New
information
ecosystems
New business
networks
New market
structures
Blockchain is
emerging as the
exponential
agent for IoT
and AI

37. @richieetwaru [RE]
where does the roadmap potentially lead
Finance
Data
Identity
Data
Reputation
Data
Inventory
Data
Market
Data
Agreement
Data
Cooperate
Data
TRUST 1A 2A 3A 4A 5A 6A 7A
CONSENSUS 2A 3B 3B 4B 5B 6B 7B
DECENTRALIZATION 3A 4C 3C 4C 5C 6C 7C
Figure 1: Blockchain Institutional Revolution Maturity Model

38. Blockchain IoT
@richieetwaru

39. @richieetwaru [RE]
New data sets that can be trusted at low cost
Unfamiliarpartnerstransacting
intimately
New
information
ecosystems
New business
networks
New market
structures
Blockchain is
emerging as the
exponential
agent for IoT
and AI
New-er
information
ecosystems
New-er
business
networks

40. @richieetwaru [RE]
2000 20201960 2040
Democratizing
Credit
Compressing
Distance
Spotlighting
Fraud

41. opportunity for your customers
2000 20201960 2040
Experience &
Engagement
Trust &
Transparency
Price &
Quality
Basis of
Differentiation
50% Survive 25% Survive80% Survive
Reality for
Incumbents
50% Succeed 75% Succeed80% Succeed
Reality of
New Entrants
Schizophrenic
Loyalty
Low Loyalty
To Untrusted Brands
Loyal to Incumbent
Brands
State of
Customer Loyalty

42. @richieetwaru