A New Decentralized Business World Within Blockchain
1. A New Business World
Within a Blockchain
(Note: this is a draft! Final version will have more pics & less text)
2014
Alexander Chepurnoy
2. Disclaimer
This talk is about technically possible things
only. No any legal issues being discussing.
Please refer laws applicable before doing
anything. The speaker has no any responsibility
in case of any laws violation.
3. My Background / Interests:
● NXT core developer (alias transfer, voting
system, etc)
● Blockchain-based applications advocate
(cryptamail, secureae, etc)
● Distributed Systems Development
● Functional Programming
● Finite State Systems & Model Checking
4. This talk is about
● Decentralized Exchanges
● IPOs on DEs
● Distributed Shareholders Voting
● Dividends
● Smart Contracts
● Virtual Corporations
● Distributed Autonomous Corporations
6. IPO on Decentralized Exchange
● + Low cost
● + Could be backed by anything(a company, a
picture, a nonsense)
● - As a result, a lot of thrash comes in
7. IPO Example: Coinomat
● Backed by quickly growing online business
● Weekly dividends
● Revenue stats open, but not verified by 3rd
party or in trustless way
●
● Todo: picture
8. IPO Example: BgCaffee
● Backed by offline business
● Buongiorno Caffe opened November 2013 in
Pretoria, South Africa
● “The assets sold will always represent 50% of the total
profit of all shops for their lifetime and no additional
assets will be sold without the addition of a new shop
or business unit that generates profit, that is our
guarantee”
● No trustless or 3rd party control though
9. IPO Example: NXTdrop
● Assets backed by paintings
● No any hard profit promises
● (todo: picture)
10. IPO Example: BadPonzi
Ponzi scheme guaranteed, lol:
“Buy some “Bad Ponzi Token” (BPT) and I will spend 3
times a week 70% of the revenue to the asset holders
according to their shares.”
11. Fund Raising
● Loans
● Angel & Venture Capital
● Crowdfunding
● Distributed Assets Exchanges!
12. A Business Without Venture Capital
● Publish business plan
● Issue assets
● Raise funds
● Get shareholders feedback/opinion via voting
● Pay dividends via blockchain
13. Voting via Blockchain
● Distributed
● Decentralized(anybody could start a poll)
● Cheap
● Results are public & verifiable
● Example in my article: “Shareholders Meeting
via Blockchain in 20 Lines of Code”
21. Open Problems
● Blokchain bloating
● Blockchain scripting: bloating,
computational requirements, halting
problem
● Formal semantics of statements
22. Conclusions
So many exciting things we already
have: decentralized exchanges, new
models of fundraising, distributed
shareholders meetings, simple
contracts & few DACs!