CryptoFinance offers algorithmic security and reduces the need for human involvement and compliance, resulting in cost reduction and faster transactions. Blockchain technologies like Bitcoin underpin the CryptoFinance ecosystem, while off-blockchain technologies like Monetas and Lightning enable fast and cheap private transactions ideal for retail and micropayments. Blockchains are best for decentralized consensus and uncensorable public records, while off-blockchain systems complement them for efficient private transactions. Together, they offer the best of both worlds by securely storing assets on-chain and trading them efficiently off-chain.

1. lockchain?
CryptoFinance
William K. Santiago (william@wksit.com)
Twitter (#williamsantiago)
Certified bitcoin Professional (CBP ID 69d4e6)
Credit: Johann Gevers - The Age of Cryptofinance
https://goo.gl/uYVzuo

2. CryptoFinance
Uses digital signatures to
secure property right
reduce trading costs

3. CryptoFinance
will catalyze
the greatest explosion of wealth
creation the world has ever seen

4. CryptoFinance
Offers algorithmic security
Reduces need for human involvement & compliance
Results in cost reduction and faster transactions

5. The CryptoFinance Ecosystem
Blockchain technologies
(i.e. Bitcoin)
Off-blockchain technologies
(i.e. Monetas & Lightning)

6. What are blockchains?
Decentralized consensus database

7. Ledgers underpin much of
the information infrastructure
that we rely on today.

8. How do blockchain transactions work?
Transfer of ownership recorded using
a consensus process

9. What are off-blockchain systems?
Decentralized transactions platforms

10. On-chain and
OFF-chain technologies
are complementary
and synergistic

11. Blockchain ideal for:
●decentralized consensus
●uncensorable records
●public auditability
i.e. inflation-proof currencies,
secure voting systems,
property registries, etc.

12. Blockchain 3.0
Top layer solutions and applications that use
the underlying blockchain technology that help
in organizing activities
●Distributed Governance
○corporation, governments or non-
governmental organization (NGO)
●Smart Contracts and Programmable
Money
●Digital Assets and Smart Property

13. Blockchain Disadvantages
transactions are:
slow
expensive
public

14. Off-blockchain Advantages
transactions are:
fast
cheap
private
Ideal for retail transactions, micropayments,
resource allocation, etc.

15. OFF-chain Speed
1/100th of a second
1,000 times faster than blockchains

16. OFF-chain Cost
1/10,000th of a cent
1,000,000 times cheaper than blockchains

17. History in perspective
Internet early stages was built where average
users could not use it
Until e-mail clients, browsers, DNS, search
Early investment at the moment is on basic
infrastructure “the blockchain”
The efficient utilization of assets of any kind

18. Blockchain as Infrastructure
The initial infrastructure compared to
Internet's TCP/IP
Application layer that provide rails for industry
applications
Similar to the OSI model application layer 7
i.e. SMTP, DNS, HTTP, etc.

19. Best of both worlds
Store assets securely on-chain
asset layer
Trade assets efficiently off-chain
transaction layer

20. The world’s first global distribution platform:
The mobile phone.
With cryptographically secure, decentralized
communication and trading systems, the
mobile phone becomes the enabler of
individual freedom and prosperity

21. Radical Transformation of
Financial systems
Communication systems
Production systems
Governments and Legal systems
Explosion of Wealth creation

22. Bitcoin's value is surging
Here are 5 charts on the growing Bitcoin
economy
Source: http://www.vox.com/technology/2015/10/31/9651168/bitcoin-growing

23. 1)Bitcoin's price is at its highest level of the
year

24. 2)People are performing more Bitcoin
transactions than ever

25. 3)Venture capitalists continue to invest in
Bitcoin

26. 4)Bitcoin is becoming increasingly international

27. 5)The number of Bitcoin ATMs is growing

28. Banks Could Use Blockchain -- the Bitcoin
Technology -- by 2016
A consortium of more than 20 banks
is already building a framework to
implement the technology. The
TABB report predicts blockchain will
be tracking syndicate loans by the
second quarter of 2016 at latest.

29. Discussion and Questions