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![Incumbent Banks’ blockchain iniciatives
Sep 28, 2017
Jamie Dimon
JPMorgan CEO
bitcoin is a "fraud" […]
“its not a real thing"
Sept 2017
45
State of art
Blockchain is much
more than Bitcoin](https://image.slidesharecdn.com/hexperience-blockchain-conceptos-180706073408/75/Hiberus-Experience-Fundamentos-de-Blockchain-45-2048.jpg)
Uploaded byHiberus Tecnología
Hiberus Experience - Fundamentos de Blockchain
This document provides an introduction and overview of blockchain technology. It begins with key concepts, explaining that blockchain allows parties to reach consensus without trusting each other through decentralization, security, and immutability. It then discusses how blockchain works, including the roles of wallets, miners, and consensus algorithms like proof of work. The document reviews the state of the art, including examples of cryptocurrencies, digital assets, identity solutions, smart contracts, decentralized applications, and challenges to adoption. It positions blockchain as a foundational technology that is just beginning to transform how information and value are transferred.
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- 3. Introduction + 2h delay insurance client isrefunded automatically 3 Dreaming?
- 4.
- 5. Agenda Introduction 5 Introduction Key concepts How itworks State of art
- 6. Blockchain is atechnology that allows you and me to agree on something even when we do not trust each other and without an authority “ Key concepts 6
- 7. Blockchain is atechnology that allows you and me to agree on something even when we do not trust each other and without an authority “ tool Key concepts 7
- 8. Database As is… ACME Corporation InformationSystem Technologies To be.. Datawharehouse Middleware BI Web Cloud Mobile 3 party Database DW Middleware BI Web Cloud Mobile 3 party Blockchain Key concepts 8
- 9. Blockchain is atechnology that allows you and me to agree on something even when we do not trust each other and without an authority “ decentralized Key concepts 9
- 10. Centralized Decentralized What decentralizedmeans Network typologies Key concepts 10
- 11. Blockchain is atechnology that allows you and me to agree on something even when we do not trust each other and without an authority “ security Key concepts 11
- 12. Blockchain is atechnology that allows you and me to agree on something even when we do not trust each other other and without an authority “ ” security immutability traceability criptography 12
- 13. Key concepts 13 650,000,000,000,000,000 years 0.65billion billion years
- 14. Internet of information Basedon Replication • Get copies of the data • At no cost • Raised new bussiness models Key concepts 14
- 15. Internet of value Digital…assets? traceability Digital assets Double spend problem Key concepts 15
- 16. Blockchain is atechnology that allows you and me to agree on something even when we do not trust each other and without an authority “ consensus Key concepts 16
- 17.
- 18. What is it? 18 Keyconcepts
- 19.
- 20. 20 Where is YOURdata ?? Captured Value Applications Layer The WEB Protocol Layer Key concepts Paradigm change
- 21. 21 Where is YOURdata ?? Captured Value Applications Layer The WEB Protocol Layer Blockchain Protocol Layer Applications Layer Captured Value Your data Key concepts Paradigm change
- 22. 22 Where is YOURdata ?? Captured Value Applications Layer The WEB Protocol Layer Blockchain Protocol Layer Applications Layer Captured Value Your data You Key concepts Paradigm change
- 23. 23 Where is YOURdata ?? Captured Value Applications Layer The WEB Protocol Layer Blockchain Protocol Layer Applications Layer Captured Value Your data You Internet of value Internet of information Key concepts Paradigm change
- 24. …a database …reach consensus …issecure …is decentralized RECAP Key concepts 24
- 25. Agenda Introduction 25 Introduction Key concepts How itworks State of art
- 26. Property Registry 63 6465 66 64 • 08:43 16/0/2017 • 63 • 3 • … • Miguel adquires L12345 land property • Emilio sells H543221 to Lucia • Victor & Sara bought H1706 house. • … HEADERCONTENT Timestamp Reference to previous block Nº of records … How it works 26
- 27. Can commit Can commit Canread Can commit Can read Can write MINER Participate in consensus How it works 27 Roles
- 28. How it works 28 DistributedLedger Technology
- 29. • Permissionless • Pseudoanonymous •Anyone can commit, read or write Public • Permissioned • Know participants • Only preaproved participants can commit, read and / or write • Compliance (KYC , AML) Private BITCOIN How it works 29
- 30. How it works Howworks Wallet B sends 5 BTC to Wallet C Wallet A sends 5 BTC to Wallet B pays fee pays fee 30
- 31. How it works Howworks 31
- 32. How it works Howworks 32
- 33. How it works Howworks get rewarded 33 dic 2017 $248,611.00 Block reward Commit Fee $16.18
- 34. How it works Howworks 34Sources: https://www.coindesk.com/price/
- 35. How it works Howworks 35
- 36. How it works Howworks 36
- 37. How it works Howworks Proof of Work math problem • Undefined time to be resolved. • Difficulty increase overtime. • Requires computational resources (money). • Hard to solve but easy to check. Attributes 37
- 38. How it works Howworks Proof of Work A B C D working Eureka!! 1 2 35 4 1 2 3 4 4a READY STEADY GO!! 38
- 39. How it works Howworks Proof of Work A B C D working 65 Eureka!! 7 8 1 2 3 4 4b Last is 4º Last is 4º Last is 4º 39
- 40. How it works Howworks Proof of Work A B C D working 65 Eureka!! 7 8 1 2 3 4 4b Last is 4º Last is 4º Last is 4º You are out!! 40
- 41. Private blockchain No incentivationneeded Consensus participants are preaproved and known. Proof of Stake How it works 41 Is it necessary to waste so much resources? Consensus algorithms Delegated PoS Transaction as PoS Delegated Byzantine Fault Tolerance
- 42. Agenda Introduction 42 Introduction Key concepts How itworks State of art
- 43. Every blockchain isdifferent and independent Every use case is a different blockchain State of art 43
- 44. Peer to peerpayments without 3rd party authority. Send money. (Cripto) Currency LITECOIN RIPPLE DASH ETHEREUM BITCOIN 44 State of art
- 45. Incumbent Banks’ blockchaininiciatives Sep 28, 2017 Jamie Dimon JPMorgan CEO bitcoin is a "fraud" […] “its not a real thing" Sept 2017 45 State of art Blockchain is much more than Bitcoin
- 46. The blockchain canbe used to create digital assets. Create a verifiable record of any data, file, or business process on the blockchain. Digital asset & Verifiable data Stocks Bonds Frequent flyer miles Land property Ownership proof Healthcare records Supply chain 46 State of art
- 47. Companies offer blockchainIDs that can be used to sign into apps and web sites, digitally signing documents, etc. Voting. Identity 47 https://keybase.io/vgimeno KeyBase State of art
- 48. Funding ICO’s https://www.cbinsights.com/research/blockchain-ico-tokens-startup-market-map-expert-research/ ICO’s as thenew Venture Capital ICO’s FRAUD!! State of art
- 49.
- 50. Vitalik Buterin 2014: creates 50 State ofart • Solidity • Truffle • Geth • Mist
- 51. • A setof conditions recorded on the blockchain • Transactions automatically trigger when the conditions are met • No third-party interference (neither audit nor execution) Smart Contracts State of art
- 52. Book a Flight 2h Delay Insurance clientis refunded automatically Smart contract Flight delayed Harvesting Hail Insurance farmer gets payment automatically Smart contract Hail storm 52 Examples Smart contracts State of art Oracle
- 53. DApps Platform for atotally new ecosystem of applications. State of art https://www.stateofthedapps.com
- 54.
- 55. Is a systemwho enables an organization that runs through rules encoded as Smart Contracts, e-Gobernance. Decentralized Autonomous Organization - DAO 55 State of art
- 56.
- 57. Blockchain as aservice (BaaS) State of art
- 58. Blockchain is here!! •Information share • Unified trust • Autonomous contracts
- 59. Blockchain… … is justa tool What are you gonna do with it?
- 60.