This presentation introduces the viewer to: 1. blockchain in the context of general purpose technologies (GPTs) as introduced by R. Lipsey on his book Economic Transformations, 2. how innovation leads us to the blockchain and what fundamental problem it solves in today's digital value transactions. 3. the basics of blockchain for business, 4. what is tokenisation, what kind of token categories exist, and how are these category tokens generated.

1. BLOCKCHAINPutting trust back into our systems.

2. FITO Benitez
๏ team member of HEAT Ledger Ltd., a
blockchain software company (Finland).
๏ dedicated to inspiring and educating on the
enabling forces behind blockchain and crypto.
๏ been part of (1) internet explosion, (2) social
media revolution, and now the (3) blockchain
transformation.
๏ specially interested in the transformational
effect of enabling technologies into society.
@heatcrypto
@heatledger
@fitobenitez
@fitobenitez

3. A
B

4. INNOVATIONDiscovering the blockchain.

5. Bruce Pon
BigchainDB (Founder & CEO)
Ocean Protocol (Founder)

6. GENERAL PURPOSE TECHNOLOGIES (GPTs)
1. That the kind of ICT induced economic-social-political transformation that we are living through today is not
unique in history.
2. That those transformations are relatively rare in history.
3. That the interval between them has been diminishing over the last couple of centuries.
The domestication
of animals (8000 BC)
The wheel
(5000 BC)
Iron
(1200 BC)
The Internet
(20th century)
The 3 masted sailing
ship (13th century)
The factory system
(18th century)
Electricity
(19th century)
3 CONCLUSIONS

7. AND IT IS ONE WE DIDN’T EVEN KNOW WE NEEDED
UNTIL BITCOIN SHOWED US.
IT IS A WAY TO PUT TRUST BACK
INTO OUR SYSTEMS
AWAY FROM A FEW GATEKEEPERS LIKE BANKS, INSURANCE
COMPANIES, SOCIAL MEDIA GIANTS, AND GOVERNMENTS.
BLOCKCHAIN IS ONE!

8. BLOCKCHAINThe internet of transactions.

9. BLOCKCHAIN = LEDGER
LEDGER = A WRITTEN OR DIGITAL RECORD OF TRANSACTIONS
BLOCKCHAIN = DISTRIBUTED LEDGER TECHNOLOGIES
CENTRALIZED - Legacy DISTRIBUTED (P2P) - Blockchain

10. transparency
security
traceability
efficiency & speed
participants share same data
no single point of failure
audit trail
consensus & automation
reduced costs storage, security, 3rd party trust
BENEFITS

11. CROSS-BORDER PAYMENT
legacy
blockchain
insurance insurance
sender receivercredit card issuer sender bank clearing house receiver bank
sender receiver
asset exchange
platform
$ $
$
$
$
$
$
insurance
$

12. TECH SURGE CYCLE *
* by Carlota Perez

13. “ Each revolution begins with a financial
bubble that propels the (irrationally) rapid
installation of the new technology. Then
there’s a crash, followed by a recovery and
then a long period of productive growth as the
new technology is “deployed” throughout
other industries as well as society more
broadly. Eventually the revolution runs its
course and a new technological revolution
begins.”
Chris Dixon (Entrepreneur & Investor)
Chris Dixon
Entrepreneur
Investor

14. TOKENIZATIONStoring & transfering value.

15. Tokenization is the process of digitally storing the property rights to
a thing of value (asset) on a blockchain or distributed ledger, so that
ownership can be transferred via the blockchain’s protocol.
asset
asset
token
blockchain
token
token
token
token
tokentoken
asset
token
asset
token

16. TYPES OF TOKENS
asset
token
currency
equity
utility
payments = storing value
access = rights of usage
security = rights of ownership
MINING
ICO / TGE
STO / ETO

17. THANK YOU!
Fito Benitez
Blockchain Consultant
HEAT Ledger Ltd.
fito@heatledger.com