1. Setting the Stage for a Community Blockchain Incubator

2. Bitcoin Money is now an App Peer-to-Peer Cryptography
Prevents Duplicate Transactions
Decentralized Transactions
No Controlling Authority
Asset Registry
Inventory & Exchange
Open & Transparent Ledger
Invented by Satoshi Nakamoto in 2008, and launched in 2009 in response to the Subprime mortgage crisis
As an App:
Money can be upgraded.
Imagine if the European Union issued the Euro version 2
Money can get new features
Money can be connected to enterprise applications without the need for a third party – eg. payment gateway, processor, bank, etc.
Arose as a solution to the double-spend problem
Prior to bitcoin and the blockchain concept, a centralized third party had to issue and reconcile digital cash transactions to prevent the digital cash from being spent multiple times (digital cash, like an image attached to an , can be copied infinite times like any digital cash)

3. Bitcoin Market Cap

4. Why all the Blockchain hype?
Automated
Node2Node
Decentralized
Redundancy
Cryptographic
Encrypt & Hash
Permission-less
e.g. Internet
Immutable
No overwrites
Trusted
Programmatically
Verified
Checked & cross-checked
Protected
Against double spending
Authenticated
Each transaction
A combination of several technologies, arranged in a novel way
Distributed systems
Peer-to-peer networks
Hashing functions
Public-private key cryptography
Cryptographic signatures
Elliptic curve cryptography

5. Blocks in a chain Bitcoin Mining Orphaned blocks
Takes 10min to verify a block
Orphaned blocks
Not part of the longest chain
Genesis Block0
Block1
Block2
Header
Timestamp0
Nonce0
Header
Timestamp1
Nonce1
Header
Timestamp2
Nonce2
Block0 Hash
Block1 Hash
Block0 Hash
Block1 Hash
Transactions
Transactions
Merkle Root1
Transactions
Merkle Root2

7. Cryptocurrency Balancing Act
Challenges
Regulation
Governing Anonymity & Decentralization?
Scalability
Transactions per second
Blockchain size, mining latency
PoC Adoption
Vertical & Horizontal markets
Opportunity
Efficiency
No middlemen
Programmatic Trust
Cost Savings
Automation, optimized back-end systems, open source
Big Data Analytics
Int’l sharing, Humanitarian

8. Banks Investing in Blockchain

9. Adoption Curve ▲ Blockchain
Industry Adoption
Innovators
2.5%
Early Adopters
13.5%
Early Majority
34%
Late Majority
34%
Laggards
16%
2017
2008
2013
2022F ? ?
time
Satoshi Nakamoto
White Paper
ICOs & Altcoin Blockchains
Mainstream Recognition
“Diffusion of Innovations” by Everett Rogers, ©1995

10. Trough of Disillusionment
Blockchain Hype Cycle
2017
Plateau of Productivity
Peak of Inflated Expectations
Slope of Enlightenment
Trough of Disillusionment
Technology Trigger