A presentation on Blockchain 101, an introduction and pragmatic primer on this new innovative technology.

1. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
Distributed:Health — October 2016
B L O C K C H A I N 1 0 1
www.bloq.com

2. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
BLOCKCHAIN
101

3. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
WHAT ARE BLOCKCHAINS?
HOW DO THEY WORK?

4. 9 FACTORS OF BLOCKCHAIN
bloq.com
Trust Shifting Decentralization Automation
Cryptography Permission-less Validity
Immutability Uniqueness Authentication
MACHINE TO MACHINE
PKI LIKE THE INTERNET CONTINUAL SYSTEM SELF
& CROSS CHECKING
NO REWRITES NO DOUBLE SPENDING EVERY ACTION IS
AUTHENTICATED

5. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
BLOCKCHAINS ARE
NETWORKS
Like the Internet, blockchain value
derives from network participants.
bloq.com

6. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
BLOCKCHAINS ARE
DISTRIBUTED, IMMUTABLE
DATABASES
They are technological infrastructure.
bloq.com

7. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
They contain an historic
record of every transaction
and are easily auditable
bloq.com

8. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
They are resilient due to network
power and cryptographic integrity
bloq.com

9. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
The distributed computing power provides
certainty (via proof of work) to the data via
“confirmations” of transactions and a large
economic disincentive for malicious actors
bloq.com

10. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
PERMISSIONED CHAINS =
SYNDICATE
bloq.com
PUBLIC BLOCKCHAINS =
THE INTERNET
PRIVATE CHAINS =
AN INTRANET

11. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
WHAT PROBLEMS CAN
BLOCKCHAINS SOLVE?
HOW DO THEY SOLVE THEM?

12. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
Creating “Digital Scarcity”: making it extremely
difficult (practically impossible) to double spend
Creating immutability: blockchains are
unalterable historic records
DIGITAL UNCERTAINTY / DUPLICITY
– THE “DOUBLE SPEND” PROBLEM –
bloq.com

13. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
Civics 101: Neutral ground, a level playing field.
A “trust-shifted” system: removing the
requirement for an arbitrator for settlement.
No need to trust owner of the remote computer
(such as a clearinghouse).
3RD PARTY & COUNTERPARTY DEPENDENCY
– THE “TRUST” PROBLEM –
bloq.com

14. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
OPPORTUNITIES THAT ARISE
FROM THIS TECHNOLOGY

15. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
Blockchains as public
technology infrastructure: a
greenfield platform for
innovation.
Blockchain technology allows for
the creation of notarised
unalterable “fingerprints” of files,
which is a great tool for open,
secure and permanent record
keeping, with real-time auditing.
bloq.com
Blockchain digital currencies can
be used as secure tokens for
any asset
Programmable contracts (smart
contracts) that can interact with
blockchains, or even run on
them (eg: Ethereum), allow you
to combine record keeping and
asset transfer in one application.
And More....

16. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
Patient-centric data (self sovereign)
Paradox:
Transparency and data access vs.
privacy (HIPAA)
Claims processing- months!
Secure, multi-party write access
Multi-party, multi-step payouts
bloq.com
Interoperability - EHR/EMR
Provider credentialing and
enrollment
Transferring provider from state-
to-state:
Slow, painful (DEA numbers)
Audit trails

17. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
WHAT PROBLEMS DO
BLOCKCHAINS CREATE?

18. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
No real world identity: information only
Ownership becomes a matter of what you know, not what
you have
Novel asset forms
are bitcoins a security, commodity, money, etc?
What does this mean for regulators/audit/etc
ubiquitous liquidity: fixed assets embodied in divisible
crypto-tokens
Crypto-tokens are superseding
traditional regulatory frameworks
Legal sovereignty no longer a necessary requirement to
produce a currency
Borderless asset transfer
Smart contracts are incoercible
potentially in contempt of court
a new legal infrastructure
bloq.com

19. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
QUESTIONS?

20. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com
Thank You!
Jeff Garzik
Co-Founder | jeff@bloq.com
WeChat/Twitter | @JGarzik
Matthew Roszak
Co-Founder | matt@bloq.com
WeChat/Twitter | @MatthewRoszak
Enterprise Grade Blockchain