The document summarizes a meetup about blockchain that took place on July 22nd, 2018. It discusses introductory topics like why blockchain is needed and what problems it solves. It then covers investing in cryptocurrencies, including what people need to know, pros and cons, and the current and future state. Finally, it discusses security and governance on the blockchain, both currently and what can be expected in the future.

1. DUBAI BLOCKCHAIN CHANNEL
MEETUP 22ND OF JULY 2018
True Advantage Consulting LTD
Pekka Kelkka,CEO, CBO, CDO, OWNER

2. AGENDA
1. Intro to Blockchain
• Why Blockchain is needed?
• What problems it solves?
• What is the current status and what can we expect in the future?
2. Investing in Cryptos
• What do you need to know?
• Pros & cons
• Status today and how does the future look like?
3. Security & Governance on Blockchain
• Status today
• What can we expect in the future?

3. INTRO TO BLOCKCHAIN
• ”Blockchain will be bigger game changer to
the society than Industry revolution or
Internet”
• Don Tapscott (Respected organisation and future researcher)
• Tim Draper (Venture Capital investor and billionaire)

4. INTRO TO BLOCKCHAIN
• Centralized Internet Vs. Decentralized Blockchain

5. INTRO TO BLOCKCHAIN
• Centralized Internet
• Content and data transfers and communication
• ”Single point of failure” (Data hacking)
• Unrealible content/data (”Fake News”)
• MOST IMPORTANT
• Centralized ownership of data!
• Run only by a very few players!

6. INTRO TO BLOCKCHAIN
• Decentralized Blockchain
• ”Runs” on internet
• Value transactions (Without worries )
• Replacing the trust (”Trustless network”)
• Immutable data and content
• No data manipulation
• Decentralized ownership of data (You own your own data / no middle man to
monetize the personal data)

7. INTRO TO BLOCKCHAIN
• Currency transactions without banks (”Unbanking the society”)
• 1.7 Billion Adults Worldwide Do Not Have Access To A Bank Account
• https://www.forbes.com/sites/niallmccarthy/2018/06/08/1-7-billion-adults-worldwide-
do-not-have-access-to-a-bank-account-infographic/#5597d99e4b01
• Revolutionizing the business models (No middle man needed as ”the
trusted 3rd party”)
• Revolutionizing the job markets (Decentralized Autonomous Organisation -
DAO)
• Revolutionizing the earning models/opportunities (”Corporates and brands
will become your customers”)

8. INTRO TO BLOCKCHAIN
• Earning mechanisms on Blockchain
• You can earn on every action -liking/commenting/sharing any digitalX
• You can earn on publishing your own art or any digitalX
• You can earn receiving advertisements
• You can earn by sharing your network capacity

9. INTRO TO BLOCKCHAIN
• Earning by sharing your network… and by mining
•

10. INTRO TO BLOCKCHAIN
• Skywire, Earn by supporting and sharing your network capasity
• Skywire will decentralize the Internet by motivating network nodes.
• By installing a mesh network antenna, you can get rid of the existing
ISP infrastructure.
• In a mesh network constructed with Skywire, each user (node) can
become an ISP and provide services for other nodes. It is a
completely decentralized network system.
• https://medium.com/@bivins1/move-over-bitcoin-skycoins-skywire-
is-here-2eb19e092266

11. INTRO TO BLOCKCHAIN
• Skyminer – mining without ”mining”
• Skyminer ”mining” -> Skyminer operators will receiving “coin hours”
(Skycoin Cryptos) from the users using the Skywire mesh network
• Skyminers provide computing power, networking capability, and storage
capacity necessary for the Skywire network to function properly
• The price of the Skyminer device $600!
• https://medium.com/skycoin/what-is-a-skycoin-skyminer-f2f5a7ed9d7f
• https://www.skycoin.net/skyminer/

12. INTRO TO BLOCKCHAIN
• A Blockchain company needs the same functions and processes
than any other company
• Managed dfferently - towards the DAO
• Majority of businesses should not push their core business on
Blockchain
• Not benefiting on decentralized data model
• All the companies should understand how Blockchain works.
• All companies and businesses must soon use certain Blockchain
processes e.g. currency transactions and smart contracts
• Be ready for DAO!

13. INTRO TO BLOCKCHAIN
• Refreshing the short-term memory – crazy year of 2017
• Fairly new technology
• To build up a successul Blockchain business requires the same fundamentals
than any other ”traditional business”
• Huge boom started Q4 2017
• Too many bad quality projects entered to markets with Inexperienced
management – the outcome was predictable
• Received from millions to tens of millions of $ on initiating own Cryprocurrencies
• Too many people fell on to this trap expecting to have fast10X ROI – turned out to be
just the opposit

14. INTRO TO BLOCKCHAIN
• Current status
• ”The bear market” did very good to the Blockchain business
• More quality projects to the markets
• A lot happening ”behind the scenes” – e.g. institutional investors / Venture
capitals have entered to Blockchain markets with full force.
• New trend -> Blockchain companies will raise the seed capital and more on
private rounds before the initiating the public coin/token offering
• With this seed capital they develop their technology and business before the
public offering

15. INTRO TO BLOCKCHAIN
• WHAT CAN WE EXPECT IN THE FUTURE…?

16. INTRO TO BLOCKCHAIN
• … TO UNDERSTAND THE PRESENT AND TO FORECAST THE
FUTURE YOU NEED TO KNOW HISTORY!

17. INTRO TO BLOCKCHAIN
• C. 4 billion internet users today
• C. 35 million Bitcoin wallets
• BitInfoCharts / Bitcoin Rich List
• https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
• Bitcoin market dominance 21st of July 2018 45,1%
• Peak number of ”Cryptonists” (= Crypto investors) January 2018
• C. 50 million
• Now c. 35 million ”Cryptonists”

18. INTRO TO BLOCKCHAIN
• Growth – the number of internet users -> -> -> -> -> ->
• Blockchain developing 2 times faster than
Internet.
Mass adaption = c. 400 million ”Blockchainers”
Starting point= Ethereum mainnet launch 7/ 2015
Blockchain mass adaption / going mainstream
2019-2020?
Decemb
er, 1995
16
millions
0.4 % IDC
Decemb
er, 1996
36
millions
0.9 % IDC
Decemb
er, 1997
70
millions
1.7 % IDC
Decemb
er, 1998
147
millions
3.6 %
C.I.
Almanac
Decemb
er, 1999
248
millions
4.1 % Nua Ltd.
March,
2000
304
millions
5.0 % Nua Ltd.
July,
2000
359
millions
5.9 % Nua Ltd.
Decemb
er, 2000
361
millions
5.8 %
Internet
World
Stats
March,
2001
458
millions
7.6 % Nua Ltd.

19. INTRO TO BLOCKCHAIN
• What can we expect in the future?
• More quality projects will enter to the markets
• More big government projects coming
• Australian government and IBM sign $1 billion deal for Blockchain
• https://www.smartcompany.com.au/technology/emerging-technology/australian-government-ibm-1-
billion-deal-blockchain-ai/
• Smart Dubai close to rolling out 20 Blockchain-based services
• https://www.thenational.ae/business/smart-dubai-close-to-rolling-out-20-blockchain-based-services-
1.695280
• Still some over-hyped bad projects will be introduced – ”Be careful out there!”
• Markets will overheat again quite soon… and will become hotter than ever!

20. • Investing in Cryptos…

21. INVESTING IN CRYPTOS
• What is ICO / ITO… and STO?
• https://medium.com/swlh/understanding-security-token-offerings-sto-
bc272acd3f27
• How it’s different from IPO?
• Investing in the post ICO / ITO companies
• About the Crypto wallets
• Hot wallet (Cryptocurrency exchanges)
• Cold wallet (Wallet application on your device e.g. mobile phone pc/Mac)
• Hard wallet (Dedicated device to store and trade the cryptos
• Pros & cons on different wallet types

22. INVESTING IN CRYPTOS
• ”Any Investment is a risky business”
• How to avoid the worst pitfalls on investing the Cryptos?
• Difference between possibility and probability?
• How to do a due deligence?
• Do you have time to do your DD?
• New services and consultancy business will be launched
• People will use these services = will be needed.

23. INVESTING IN CRYPTOS
• Status today?
• After a strong and long bear market the bottom reached?
• Markets jumped 20+ % on 18th-19th July
• A lot of good news daily…

24. INVESTING IN CRYPTOS
• NEWS ON 18TH – 19TH OF JULY
• CBOE Files Application for the Bitcoin ETF License
• Facebook Director of Engineer Joins Facebook Blockchain Division
• HTC to Release ”World’s First Native Blockchain Phone” in Q3
• Malta Launches ‘Initial Convertible Coin Offering’ in Global First
• TenX Co-founder Announces His $60,000 Forecast for Bitcoin in 2018
• ”World’s First Decentralized Bank” to Launch in Malta, Backed By Binance
• Billionaire Steve Cohen Hops on the Crypto Bandwagon
• All 12 South Korean Cryptocurrency Exchanges Approved, New Money to Come
• Stellar Is Now Sharia Compliant Blockchain Network

25. IMVESTING IN CRYPTOS
• What is ETF?
• What it’s got to do with investing in Cryptos?

26. INVESTING IN CRYPTOS
• Bitcoin goes ETF?
• Exchange-Traded Fund (ETF)
• An ETF, or exchange-traded fund, is a marketable security that
tracks an index, a commodity, bonds, or a basket of assets like an
index fund.
• If Bitcoin will be regulated as ETF by SEC (The US Securities and
Exchange Commission) what does it mean to Bitcoin and Altcoins? –
more than 2000 ETFs in USA only
• Next Bitcoin ETF SEC Ruling on VanEck SolidX Bitcoin Trust 10 Aug 2018
• https://bitcoinexchangeguide.com/crypto-fans-august-10-is-next-bitcoin-etf-sec-
ruling-on-vaneck-solidx-bitcoin-trust/

27. INVESTING IN CRYPTOS
• How does the future look like?
• Near future hugely volatile still
• More quality projects will enter into market with good tokens
providing true value for all user profiles
• Value increases
• Good investing opportunities
• More regulations will come… which is only a good thing
• Playing it (almost) safe – search, study and invest on security
projects.

28. SECURITY ON BLOCKCHAIN
• Crypto currencies are a popular target for hackers
• Almost impossible to trace the hackers
• Young technology – bad quality projects
• ”Sloppy” human behavior
• Always compromising either scalability or security
• Impossible to have hugely scalable and 100% secury Blockchain solution
• Nothing new… has been since the day one on IT-technology.

29. GOOD GOVERNANCE ON
BLOCKCHAIN PROJECTS
• Do we need it?
• Governance solutions on Blockchain projects
• DASH
https://docs.dash.org/en/latest/governance/using
.html
• EOS
https://forums.eosgo.io/discussion/984/working-
plan-reaching-consensus-on-eos-governance
• Coin Governance System
• https://cgs.vote/

30. THANK YOU, SUKHRAN, 谢谢, KIITOS
• BLOCKCHAIN BUSINESS CONSULTANCY l DIGITAL MARKETING
• True Advantage Consulting -TAC LTD.
• www.trueadvantageconsulting.com
• Pekka Kelkka
• CEO,CBO, CDO, Owner
• pekka@trueadvantageconsulting.com
• +971553377207
• Skype ID pkelkka
• https://www.linkedin.com/in/pekkakelkka/
• https://steemit.com/@pekkakelkka