This document discusses how blockchain could enable better integration of systems and data at the consumer level. Currently, a few large platforms dominate and control most valuable user data, requiring other systems to partner with them. Blockchain could allow for direct integration where users control their own data tokens and choose which systems and services to share their data with freely, without needing approval. This level of open integration has the potential to break up internet monopolies by giving users more control and choice. While the full impacts are unknown, blockchain promises a more open approach to integration that shifts power back to users.
3. How about blockchain?
Problem-solving or Revolutionary?
•Most people think or talk about using blockchain to……..(for…….).
•Let’s look at blockchain from a different angle, Integration.
4. We need integrations
• Social on WeChat, reading news on WeChat, pay with WeChat….
• Login in meetup with facebook, login eventbrite with facebook, login XX
with facebooking
5. But
• Why can’t we use WeChat for everything?
• Why can’t we login everything with facebook?
• Have you ever have questions with some of the transections on your
credit card statement? Why the transection records can’t show the detail
of what you have spent for?
7. “Best” structure, with current
techSystem A
valuable and provable
information/data
System B
valuable and provable
information/data
System C
valuable and provable
information/data
System D E………
valuable and provable
information/data
n systems require 𝑛²-𝑛 connections
500 systems require 249500 connections
8. Real-world structure, with current
tech
System A
valuable and provable
information/data
System B
valuable and provable
information/data
System C
valuable and provable
information/data
System D
valuable and provable
information/data
1. Only System B’s user can be
benefit through integration
2. System B will monopolise all
the data and users
3. System B can star “selling”
integration permit, WeChat
4. System E is better than ACD,
but E don’t have a permit, the
competition will be on how to
get permit instead of
providing better products or
services
System E………
valuable and provable
information/data
9. Internet Monopoly
information/data monopoly, valuable and provable ones
•Internet supposed to make the world transparent and fair, but what
happened? why?
• the big platforms become more and more powerful, users and service
providers have even less power than before.
• big platforms control most of the valuable and provable
information/data
11. User end
with blockchain
System A System B
valuable and provable
information/data
valuable and provable
information/data
valuable and provable
information/data
valuable and provable
information/data
valuable and provable
information/data
System C
valuable and provable
information/data
valuable and provable
information/data
Token
A
Token
C
Token
B
Token
D
Token
E…
System D
valuable and provable
information/data
valua
inf
System E…
valuable and p
information
13. Everyone can integrate any systems together to
fulfil his or others’ needs
• User control your own token(valuable and provable information/data)
,choose which services or products to integrate
• Services/products don’t need to get an integration permit from other
services/products.
• Token is transferable
Free and Open
14. Is “Integration at the consumer end” just for breaking
the “Internet monopoly” ?
No
18. Discuss more, reach me here
Victor Zhang, Co-founder & CEO at AlphaWallet
Victor.Zhang@aWallet.io
+65 8228 6658, +61 426 101 860
Editor's Notes
Thanks Bob!
Hi Guys, I’m Victor from AlphaWallet, a Blockchain startup. I don’t have any code to share with you, as I’m not from programmer background. What I will share with you, is a new angle of looking into blockchain technology. Hopefully this can help you to find more opportunities in Blockchain.
Before we start, let’s think about all the major technologies. Normally I put them into 2 categories,
Problem-solving is driven by business, like we need to print, so we develop the printing technologies. We need to print faster, so we continue developing theses technologies.
Revolutionary tech is like internet, transfer information from peer to peer, connecting all the peers together , it is not driven by business, but have the potential to change all the business model.
Most people think or talk about using blockchain to……..(for…….). This is a problem solving mindset
Today, let’ look at the blockchain from a different angle, integrations.
no good or bad, just some ideas
I believe everyone agree that we need integrations, it makes life e much easier and convenient, saving our time and money.
like WeChat
Like Facebook
Have you ever questioned?
Why tencent don’t put everything into WeChat?
I think everyone has experienced this, when looking at your Credit Card transections, you just can’t recall some of them, or can’t remember what you have bought.
Because
Let’s have a look 2 integration structures with current tech
this is open and fair, but it requires a large number of connections. 500 systems require 249500 connections. this is almost impossible to achieve.
So the most common structure is the next one
In this structure, system don’t integrate with each other, instead, they all integrate on big platforms.
This works, and makes life e much easier and convenient, can save our time and money.
But Only System B’s user can be benefit through integration
System B will monopolise all the data and users
System B can star “selling” integration permit, WeChat
System E is better than ACD, but E don’t have a permit, the competition will be on how to get permit instead of providing better products or services
it is actually information/data monopoly, not free data, valuable and provable ones
Why? because we need integrations
There is a possibility
a new integration structure
When user generate valuable and provable information/data with each system. the system will put those data on chain, use owns those dada as tokens in their “wallet”.
Then user can use those token to integrate whatever services they want.
what we will get from this structure?
Everyone can integrate any systems together to fulfil his or others’ needs.
looks familiar? Physical cash, BitCoin, cryptocurrencies, they are Integration at the consumer end.
They have made the most valuable and provable information into tokens, how much money you have.
breaking the “Internet monopoly” is just a small piece.
Sorry but, We don’t know yet.
Hope everyone will find your opportunities in blockchain!!
Thank you for attending the events