Future of blockchain as a global computational infrastructure to tackle next-generation projects: CryptoKitties to Mortgage Payment Channels

1. future of
blockchain.
@LaBlogga

2. blockchain.
1
software.
secure cryptographic transfer.
unique instances of value.
internet.

3. implications.
always-on
computational apparatus.
no intermediary required.
for money, social organization.
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4. killer apps.
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money & securities.
property.
contracts.
identity credentials.

5. 4
Scan recipient address, sign and send
transaction; Wallet has Keys not Money
$ appears in recipient Wallet
Transactions submitted to a pool and miners assemble
new batch (block) of transactions each 10 min
Cryptographically-linked chain of blocks
“Blockchain”
Source: https://www.youtube.com/watch?v=t5JGQXCTe3c
how does it work?

6. mining.
Source: https://www.illumina.com/science/technology/next-generation-sequencing.html
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Proof of Work: secure but expensive.
Block rewards: 12.5 btc + ~$20,000 tx fees = $132,500

7. peer-hosted.
Source: https://bitnodes.21.co
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8. 7
public chains. private chains.
trustless. mined.
p2p software.
trusted. not-mined.
enterprise software.
“Walled gardens”
aol, compuserve

9. internet content.
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information.
email.
voice.
video.
money.

10. networks.
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value (money).
intelligence (brains).
information.

11. smart networks.
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12. adoption.
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57% global corporations.
$388 bn asset class.
1551 cryptocurrencies.
1075 token projects.
Sources: https://www.cnbc.com/2017/07/31/blockchain-technology-considered-by-57-percent-of-big-corporations-study.html,
https://coinmarketcap.com/all/views/all/, https://www.stateofthedapps.com/

13. toast.
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https://www.coindesk.com/jpmorgan-says-it-may-have-to-adapt-to-counter-crypto-adoption
“…financial institutions…could be
disrupted by technologies, such as
cryptocurrencies, that require no
intermediation”
Annual 10K, Mar 2018

14. 13
19 Feb 2018
$8.84 bn total
Source: https://www.coindesk.com/ico-tracker
economics.

15. 14
participation.
voting.
choosing.
resource access.
tokens.

16. business networks.
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privacy + transparency.
shared business processes.
digitized assets.
instantaneous transactability.
the world is your VPN
Source: https://www.coindesk.com/ico-tracker

17. 16
real-time balance sheets.
off-balance sheet obligations
eliminated.
diminished risk.
Source: http://www.europeanfinancialreview.com/?p=21755
rethink risk.

18. 17
digital assets.
net settlement.
payment channels.
digital credit systems.
Source: http://timreview.ca/article/1109
rethink debt.

19. rethink income inequality.
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banking & credit.
land registry.
identity.
electricity.
vaccines & medicine.
Source: https://www.unicef.org.au/blog/unicef-in-action/april-2017/photos-vaccines-reach-most-remote-places-earth
Digital health wallet
inclusion.

20. 19
net neutrality.
censorship-resistance.
self-governance.
political.

21. cryptocitizen.
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“One ought to think autonomously,
free of the dictates of external
authority” - Immanuel Kant
“Multiple private currencies should
compete for customer business”
- Friedrich Hayek

22. future.
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23. future-class tech.
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blockchain networks are a
new class of global
computational infrastructure.

24. next tier of progress.
space.
energy (1 mn terajoules/day global).
autonomous driving.
cellular genomics.
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Source: http://www.bbc.com/future/story/20170313-the-biggest-energy-challenges-facing-humanity

25. data.
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big data ≠ smart data.
clean, standardized,
interoperable.
Source: http://www.oyster-ims.com/media/resources/dealing-information-growth-dark-data-six-practical-steps
40 EB 2020e

26. scale.
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Source: https://www.illumina.com/science/technology/next-generation-sequencing.html
Population:
7.5 bn people worldwide
big health data.

27. fleet management.
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secure automated

28. collaboration.
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human-machine

29. blocktime.
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own time regime.
specify future time.
speed-ups.
assignability.
Source: http://www.melanieswan.com/documents/Blocktime.pdf

30. risks.
tech: scalability.
political: regulation.
social: adoption.
Rapid
Adoption
Unregulated
Highly
Regulated
Slow
Adoption
Future Scenarios
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31. smart contracts.
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Launched: Nov 2017
500,000 sold, total: $40 mn
Source: http://fortune.com/2018/02/13/cryptokitties-ethereum-ios-launch-china-ether
2012
cattribute DNA

32. future of blockchain.
@LaBlogga
thank you.
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