Evolution of blockchain protocols & Towards Mass Adoption

Evolution Of Blockchain Protocols &  
Path Towards Mass Adoption

Advanced Crypto Protocols
Engineering & Investments
The Decentralized Cloud
Quantum Asset
Global Mirror Assets
PHI
Autonomous Commercial
Banking
D F I N I T Y
Open Financial Protocols
Open Network Protocols
http://string.technology
Neu ron
Decentralized  
Computing Device
Strategic Partner | Founding Member
Enterprise Ethereum Alliance
Smart Contract Alliance
BCG Dvolution

Serial entrepreneur, founder of
Blockchain U. Graduated
Computer Science at 14.
Protocol Designer / Scientist.
Serial entrepreneur w/ 3mm+
user last venture.
CEO President / CTO
Asst. Professor @ Aachen
University. CTO @CoinTerra.
Inventor of AsicBoost.
VP, Engineering
Tom Ding Dominic Williams Timo Hanke
Asst. Professor of Finance at
Univ. Chicago, George Shultz
Scholar @Stanford
Advisor, Economics
Researcher, PHI
Stanford Phd Candidate in
Math. Research Intern
@Google Brain
Fellow @Harvard, Political
Economics @London School
of Economics
Comm & Biz Dev
Bill Sun
Patrick Daniel Will Cong
Sr. Engineer
Math @UCSD. Experienced
engineer in high-throughput
computing infrastructure.
Lead Cryptographer
Microsoft Research MVP.
Pairing implementations &
x86/x64 optimization.
Researcher, P2P Network
Stanford PhD Candidate in
Computer Science. Fullbright
Scholar.
Enzo Haussecker
Shigeo Mitsunari Bazily Klockiewicz
Professor of Law at New York
Law School
Houman Shadab
Honored grad @ Santa Clara
U, @Womens Startup Lab
Project Mangement
Tomomi MenjoComputer Scientists, Mathematicians & Economists
from Stanford, Harvard, U Chicago, Google
“L” of Stanford BLS crypto
algorithm inventors. Lead
Engineer @Google. PhD Math
@ Stanford
Ben Lynn
Principal Engineer

1st gen: “Just” a Virtual Ledger …
A virtual ledger without trusted intermediaries,
Veriﬁable and Tamper-proof, achieved via many
individual computers.

2nd gen: Blockchain Computer …
A “Perfect Virtual Computer” - Unstoppable,
Veriﬁable, Tamper-proof, Permanent Data, Zero
Maintenance … simulated via many individual
computers

A Revolutionary “Social Scalability” technology -
collaboration by numerous people of different
incentives under different business rules
Limited Company Internet …Money … Blockchain

Trade-off much lower performance for security &
social scalability
Ethereum: 5 - 10 simple tx/s
Nasdaq: 20,000 tx /s

Infinitely Scalable as a public computing resource.
Intelligent to self evolve & mitigating human
mistakes.
3rd gen: Scalable Blockchain Cloud

advanced network  
& financial protocols
Unpacking Layers of Blockchain
Numerous dApps
(eg. Supply chain network,
prediction market, etc.)
Blockchain
(dNetwork)
dServices

Numerous dApps
(eg. Supply chain network,
prediction market, etc.)
… Networks wants to be:
fast, consistent, secure and
privacy-preserving
dServices
Interoperability
Governance
Scalability Speed Privacy

Unpacking Layers of Blockchain:
dNetwork
P2P Networking
Consensus
… Broadcasting & Collecting artifacts
… Producing new “blocks” +picking the “global” state
Virtual Machine /
State Transition
… Code Execution & Validation
Storage … Persistent storage of local state
dNetwork

Outcome:
A Shared Global Virtual Machine

dServices Common components
used by almost all dApps
dNetwork
Numerous dApps

dServices
Stable tokens
Global Identities & Reputation
Decentralized Exchanges
dNetwork
Numerous dApps

Numerous dApps
dServices
Public dApps
+
Business Re-engineering
dNetwork

Paradigm 1: Blockchain as
a (ﬁrst) truly Public Computing Resource

Public dApps
STATE
MEMORY
CPU
……
weaving into fabric of Internet as open protocols

Paradigm 2: Blockchain as
most powerful & friction-less
public Economic Market

Colony: Economically incentivized collaboration

Gnosis: Price Discovery, P2P Insurance

Paradigm 3: Collapsing
organizational trust boundary
Collaborate as if you are one org.

Business Reengineering
Corporate
Governance
Identity  
Management
Provenance
Trade Finance
Escrow Services
IoT
Financial
Trading
Cross-border
Commerce
STATE
MEMORY
CPU
Regulatory
Control

Eg. “See-Through” Supply-chain
Foxconn CorningApple
… smart contract
payout based on identity

Paradigm 4: Crossing
public-private,
org-consumer & org-reg boundary

Connecting the two worlds
……
Corporate
Governance
Identity Management
Provenance
Trade Finance
Escrow Services
IoT
Financial
Assets
Enterprise Blockchain Public dApps<>
Cross-border
Commerce

Now regulators want to join the game …
FoxconnApple
… smart contract
Env. Agency
Corning
reg smart contract

Now regulators want to join the game …
FoxconnApple
… smart contract
Env. Agency
Corning
reg smart contract
Consumer
verify provenance,
env factors,
& labor standards

Scaling Out Adoption
Infrastructure Developments
Enterprise Blockchain Strategy
New Business + Investment Model

Exciting Infrastructure Developments
Numerous dApps
dServices
DFINITY: ~50x faster Q1 2018, Inﬁnite  
Scalability
Blockchain Nervous System
Ethereum WebAssembly Virtual Machine
Ethereum Zero Knowledge Veriﬁer
dNetwork

dServices
PHI Launch (2018)
uPort Launch (2017)
Various DEX (2017 / 2018)
dNetwork
Numerous dApps

2016 Blockchain Investments
~$500M
Equity
~$300M
Token
~$17.4B
FinTech

New Business & Investment Model
• Traditional VC: Networking, Deal ﬂow, Deep
Industry insights, Legal paperwork
• Token Investor: Technical judgement, Securing
digital assets, Crypto trading
• New Forms of Venture Investments
• “The DAO”
• Leveraging Blockchain Trust Network in VC

Evolution of blockchain protocols & Towards Mass Adoption

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