The Blockchain Paradigm

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Presentation transcript:

The Blockchain Paradigm “Resistance is Futile”

Bitcoin Value ▲ coinmarketcap.com

Bitcoin Growth Value Circulation Market capitalization 1 BTC ≈ 640 US$* Circulation ≈ 15.9 million/21 million* Market capitalization ≈ 10 billion US$* 15 billion US$ 10 billion 5 billion 2010 2012 2014 2016 last Bitcoin will be mined on May 7th, 2140 Every 4 years the amount of minable bitcoins is reduced by half – so there is an exponential decay of the number of bitcoins Mining reward cut in half every 210,000 blocks (about 4 years) ▲ https://blockchain.info/charts/market-price * October 12, 2016 ▲ http://www.coindesk.com/data/bitcoin-market-capitalization/

Bitcoin ATM: 14 in Czech Republic 811 ATMs Globally 1.3 ATMs per Day Monetization continues to be an challenge, but for a currency that has only existed for 8 years, the progress is unprecedented. Bitcoin Coffee - Paralelní Polis https://www.paralelnipolis.cz/koncepty/bitcoin-coffee-en/ ▲ coinatmradar.com/country/57/bitcoin-atm-czech-republic/ ▲ https://coinatmradar.com/charts/#growth

▲ http://money. visualcapitalist ▲ http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

It’s All About the Blockchain Internet CDN Video P2P Voice Blockchain Money Blockchain ‘10’s Mobile ’00’s Internet 90’s Personal Computer ‘80’s

Verifiable Without a Trusted Authority Blockchain Paradigm Self-Regulated Inclusive Scalable Transparent Global Verifiable Without a Trusted Authority Blockchain Distributed Ledger Interactive Shared Truth Immutable

Bitcoin Network is over 43,000x More Powerful than the Top 500 Supercomputers in the World ▲ bitnodes.21.co ▲ Google.com ▲ http://bitcoinistnews.tumblr.com/post/138492304684/bitcoinist-weekly-news-re-hash-bitcoin-mining

Venture Capital Funding ▲ http://www.coindesk.com/state-of-blockchain-q1-2016 ▲ blockchainangels.eu/startups ▲ ICT = Information Communication Technology

Blockchain Opportunities Statistical Humanitarian Analysis Research Data Data Mining Analytics Blockchain Financial Currency Payments Insurance Trading Crowd Funding Government Criminal Records Land Registration Voting Notary Birth & Death Certificates Internet of Things Smart Homes Self-driving Cars Robots & Drones Intelligent Devices Medical Medical History Genome Mapping Patient Records Life Diary ICT Super Computing Data Statistics P2P Resourcing Distributed Databases ▲ ICT = Information Communication Technology

1. Online Remittance Opportunity 2+ billion No Access to Banking No Access to Internet No Access to Int’l finance 5%-30% fees Europe: $620 billion Global: $6900 billion M. East: $180 billion OECD: $4000 billion 4+ billion A. Pac: $1100 billion LA: $530 billion Africa: $150 billion S. Asia: $300 billion 5+ billion 250x cheaper ▲ www.worldbank.org ▲ http://www.internetlivestats.com/internet-users/ ▲ http://www.worldbank.org/en/news/video/2016/03/10/2-billion-number-of-adults-worldwide-without-access-to-formal-financial-services

Contracts That Execute Autonomously When Certain Conditions Are Met 2. Smart Contracts Programmable Money Escrow Savings Accounts Domain Name Registries Crowd Funding Market Prediction Contracts That Execute Autonomously When Certain Conditions Are Met Self-Enforced Contracts Voting Systems Corporate Governance Property Ownership Intellectual Property Insurance Contracts

3. Smart Assets Encode Assets Intelligent Devices by 2020 Unique Key Asset Exchange Digitally Authenticated Inventory & Tracking Intelligent Devices by 2020 26 billion devices 7 trillion US$ market Real estate – land registration Corporate assets Automobile – used or new

4. Humanitarian Curing Disease? WHO ▲ NATO OECD ▲ United Nations ICANN ▲ G7 Global Administration Data Freedom Shared infrastructure Shared Research Increased Transparency Curing Disease? ▲ WHO = World Health Organization ▲ G7 = Canada, France, Germany, Italy, Japan, UK, & USA ▲ OECD = Organization for Economic Co-operation & Development ▲ NATO = North Atlantic Treaty Organization ▲ ICANN = Internet Corporation for Assigned Names & Numbers

Blockchain Philosophy Programmed Trust Central Control Audited By Anyone Assumed Trust Open Source & Transparent Proprietary Systems Redundancy & High Availability Single Point of Failure Minimal Fees Middle Men Anonymous Users Big Brother

Early Bird gets the Worm, But the 2nd Mouse gets the Cheese Is DISRUPTIVE Blockchain Issues Scalability & Latency Mining Control Hacking Scandals Criminals & Terrorists Regulation & Bans Early Bird gets the Worm, But the 2nd Mouse gets the Cheese Blockchain is currently around 80GB – or equivalent to around 16 HD movies - Phone: invented in 1876, regulated in 1913 (37 years later). - Aircrafts: invented in 1903, regulated in 1938 (35 years later). - Radio: invented in 1907, regulated in 1927 (20 years later). - Cell phones: invented in 1965, the first FCC wireless spectrum bidding process focused on mobile data in 1989 (24 years later) - Internet: invented in 1969, it has only become an area with intense regulatory focus in recent years, nearly 46 years after its development. Scalability — Can only operate 7 transactions per second https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ Bangladesh, Bolivia, China, Ecuador, Iceland, India, Russia, Sweden, Thailand, Vietnam Hacking Scandals Building resilient system constantly under open attack 24/7 (remember early Internet DNS attacks) Mining Centralization Centralization temporary; wide-spread at higher-scale; move to 16 nm, solar/hydro-powered chips China has more than 50% bitcoin mining power, the largest mining farm, fastest machines and its exchanges account for more than 50% of bitcoin trades. Mt. Gox, Ethereum DAO Silk Road, drug dealers, terrorists, criminals Blockchains are a universal technology available to all; non-criminal activity predominates National government regulation, bans Governments modernizing economic infrastructure with blockchains too; licensing, open dialogue

Blockchain Adoption ▲ https://www.accenture.com/cn-en/~/media/Accenture/next-gen/top-ten-challenges/challenge4/pdfs/Accenture-2016-Top-10-Challenges-04-Blockchain-Technology.pdf

Blockchain Evolution 1.0 2.0 3.0 Freedom of Money Freedom of Markets Open Ledger Anonymity Decentralized Transactions Smart Money Freedom of Markets Legal Services Internet of Things Healthcare Smart Assets & Contracts Freedom of Information Global Statistics Humanitarian Research Hyperledger Project Chaining Blockchains 1.0 2.0 3.0 Chaining Blockchains ▲ https://www.hyperledger.org/

9 out of 10 People Initially View Change as a Threat Be the 1 Who Sees Opportunity ▲ Dan Regan, https://www.facebook.com/DanReganCreative/

Creating Opportunities for Blockchain Innovation

Built on the Nxt Platform Business Focused eMarket Voting Multisig Fast Innovation Focused Open Source Simple API Modular White-label Blockchain Service as a http://credits.vision/posts/permissionless-vs-permissioned-consensus-tradeoffs ▲ www.nxtfoundation.io ▲ http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt ▲ GPL License