Axa Assurance Maroc - Insurer Innovation Award 2024
What is Blockchain Tech for Tokyo Blockchain Summit Dec 2015
1. WHAT IS BLOCKCHAIN
TECHNOLOGY & ECOSYSTEM
BLOCKCHAIN SUMMIT JAPAN - DECEMBER 2015 #BLOCKSUMMITJP
ROBERT SCHWENTKER
PRESIDENT, BLOCKCHAIN UNIVERSITY
GAIAX-BLOCKCHAIN.COM/EVENTS/421
2. AGENDA
What is blockchain
technology?
SiliconValley blockchain
ecosystem overview
Why blockchain?
Value of tech to enterprise
2
3. PERSPECTIVE
Developer, startup & incubator
relations across PayPal,AmEx,
Citigroup
30 IBM Certifications as
developer, administrator &
instructor
3
Emerging
technology
Building &
bridging
communities
Innovative
engagement
Co-founder & President,
Blockchain University
4. EDUCATION & EVENTS FOR STARTUPS AND THE
GLOBAL BLOCKCHAIN ECOSYSTEM
4
Educate
&
Certify
• Entrepreneurs
• Intrepreneurs
• Developers
• Corporations
Connect
• Conference &
hackathon events
• Ideation
• Incubation &
placement
Inform
• Cutting edge
developments
• Robust intellectual
capital
5. 5
BLOCKCHAIN UNIVERSITYTAKES OFF!
Crytoeconomicon
Blockchainglobalhacking
2015:Cohortsinsession
BlockchainUniversityinvadesIndia!
2014:Launch
• Infosys/
Finacle,
Bangalore &
Mysore:
delivered
several courses
+ two
day corp
Hackathon
• Produced 13
blockchain
projects
• Bombay
Stock
Exchange:
designed and
delivered
training &
hackathon
• Ideation and
development of
innovative
blockchain
solutions in
payments,
finance,
enterprise IT,
media etc.
• Engaged
hundreds of
developer and
business
enthusiasts
across globe
to develop
blockchain
solutions via
global
partnership (San
Francisco, India,
Argentina)
• Produced by
CCRG, Koinify
& Blockchain
University
• 3-day, invite
only, 40
sessions, 120+
attendance
(startups,
researchers,
enterprises, VC)
• Students pile
into BCU
cohorts
• Comprised of
seasoned
engineers, serial
entrepreneurs
from 500
Startups, Y
Combinator,
professionals
from law,
finance &
journalism
• Launch event
with key SV*
blockchain
startups
• Dynamic panel
discussion w/
SV* block-
chain heavy
weights (Adam
Ludwin, Tim
Swanson, Atif
Nazir)
block.io
200+
students
successfully
graduated,
& counting
*aka Silicon Valley
Deepeningroots
• MSFTReactor
, Microsoft’s
brand new
space in San
Francisco
launches
and hosts
Blockchain
University for
accelerated
blockchain
education and
hackathon-ing!
• OrangeSV
(division of
world’s largest
telecom
operator)
partners with
Blockchain
University to
showcase 12
demo projects
from our
alumni,
professors and
partners
Garners
Infosys
CEO high
praise!
6. GLIMPSE INTO IDEATION AND SOLUTIONS SPINNING
OUT OF BLOCKCHAIN UNIVERSITY
6
BitReceipt:
Payment
verification and
receipt service
Hashloyalty
Service that allows
businesses to offer
rewards/
promotions in
bitcoin
Fractional
investment for the
masses: e.g 100
people to buy 1
share of Berkshire
at $100 each
Crypto corp:
reinvent modern
corporate
infrastructure by
moving all
equity/legal docs
to blockchain
Open wireless
router with SPV
based
micropayment
channel
Blockchain
University
produced
over 60
blockchain
experiments!
7. EDUCATING PEOPLE & BUSINESSES,
“ONE BLOCK AT A TIME!”
Over 150
videos!
Approximately
20,000 views!
Over 300
developers &
other
professionals
graduated!
7
8. INFOSYS CASE STUDY
BENGALARU & MYSORE, INDIA
Client challenge:
to understand how blockchain technology
will impact their clients, and how they can
develop competitive solutions to help them
Blockchain University Approach:
On-site one week immersive course; in
conjunction with 72-hour
innovation/hackathon lab for lecture
application and guided idea & prototype
creation
Client Business Impact:
Engaged in ongoing education with us to
remain well-versed in real-time tech
developments affecting their clients, and is
exploring other ways to create solutions for
them; business produced 13 blockchain
projects in-house
8
9. PROVIDING IN-DEPTH EXPLORATIONS OF
BLOCKCHAIN LEDGER TECHNOLOGIES
Technology
training
program
Ideation &
prototyping
• Blockchain landscape
& ecosystem
• Blockchain
technologies &
cryptography
• Hash functions
• Asymmetrical
encryption
• ECDSA, security
• Transactions, Blocks
• Proof of work, Mining
• Peer-to-peer protocol,
transaction pools
• Wallets
• Security, identity
• Payment protocol
• Sidechains
• Merge mining
• Scalability
• Forking the
blockchain
• Apps on the
blockchain
• Smart contracts
• Ethereum basics
9
PROGRAM CLASS TOPICS
DELIVERABLES
10. BLOCKCHAIN UNIVERSITY
SECRET SAUCE
10
Innovative
experiential
curriculum
Industry-
renowned
professorship
Extensive
global
network of
blockchain
peers
We are dedicated to
providing an advanced
learning structure consisting
of comprehensive academic
instruction and solution-
oriented design thinking,
brought to life by hands-on
experiential training.
We take pride in having the
brightest leading blockchain
minds as our instructors, so
our students learn from a
high quality league.
(e.g. Vitalik Buterin, Ethereum
Founder &CEO, Atif Nazir,
Block.io Founder & CEO, Ryan
Smith, Chain CTO, Matthieu Riou,
BlockCypher Founder)
We are focused on
cultivating and building a
multi-disciplinary global
ecosystem to promote the
education and proliferation
of innovative blockchain
technology solutions and
applications across
industries.
11. AGENDA
What is blockchain
technology?
SiliconValley blockchain
ecosystem overview
Why blockchain?
Value of tech to enterprise
11
12. WHAT’S A BLOCKCHAIN
12
Protocol for building an immutable
historical record of transactions
Network of communicating computer
nodes running blockchain software
Each node validates transactions
“Blocks” are groups of transactions that
have been computationally verified by
miners
Multiple independent verifications to avoid
double spend
13. BLOCKCHAIN CHARACTERISTICS & BENEFITS
13
Public ledger system
that records &
validates
Transactions
authorized my miners
Removes need for
intermediaries
Distributed
Secure & reliable,
transparent
Immutable, hacking-
resistant
Real-time settlement,
operational cost
savings
Reduced risk
Easier for
law
enforcement
to trace than
cash, gold or
diamonds
14. TYPES OF LEDGERS
• Open
• Consensus through
pseudonymous/
anonymous validation
Unpermissioned
• Closed
• Consensus through
known/ trusted validators
Permissioned
14
Gaining
enterprise
popularity
16. Blythe Masters
Chair of the Board of
Santander Consumer USA
“About as seriously as you
should have taken the
internet in "the early 1990's.”
“How seriously should you
take blockchain technology?”
16
17. WORLD ECONOMIC FORUM SURVEY:
BLOCKCHAIN 'TIPPING POINT' BY 2023
Blockchain technology is one of SIX mega-
trends
Surveyed 800+ information & communications
executives & experts
"an emerging technology that replaces need for 3rd
party institutions to provide trust for financial,
contract & voting activities"
17
20. POWER OF BITCOIN BLOCKCHAIN
13,000 times greater
World's 500
super computers
combined
The Economist
January 2015
20
21. EVOLUTION OF INTEREST
2009-2011:
Trading token
used by crypto
traders, gamers,
hackers
2012-2014:
Bitcoin gains
international
attention as
currency in
global markets
2015:
Attention
switches to
blockchain
technology; banks
and institutions
which previously
denied
involvement now
openly
experimenting
21
22. AGENDA
What is blockchain
technology?
SiliconValley blockchain
ecosystem overview
Why blockchain?
Value of tech to enterprise
22
24. BLOCKSTREAM: RAPID & SECURE TRANSFERS WITH
BITCOIN’S FIRST PRODUCTION SIDECHAIN
New LIQUID protocol will allow bitcoin exchanges, payment
processors and traders to reduce the time in which bitcoin-
denominated funds can be transferred between accounts
24
25. ABRA: REMITTANCE SERVICE ON BLOCKCHAIN,
ENABLES PEOPLE TO TRANSFER DIGITAL CASH
25
Deposit Send Withdraw
26. CHAIN: BLOCKCHAIN DEVELOPER PLATFORM THAT
SERVES AN ENTERPRISE MARKET
26
Unleashing pre-paid
mobile airtime
Eliminating fraud in
digital gift cards
Increasing efficiency
in capital markets
for example…
27. AGENDA
What is blockchain
technology?
SiliconValley blockchain
ecosystem overview
Why blockchain?
Value of tech to enterprise
27
29. HOW IMPORTANT IS THE BLOCKCHAIN TO THE
FUTURE OF BANKING & FINANCE?
29
More than half think it will
transform banking
30. ALL THE RIGHT SIGNALS
A billion dollars in venture capital has flowed to
more than 120 blockchain-related startups, with half
that amount invested in the last 12 months
Over thirty of the world’s largest banks have joined
a consortium to design and build blockchain solutions
Nasdaq is piloting a blockchain-powered private
market exchange
Microsoft has launched cloud-based blockchain-as-
a-service
Blockchain concepts, prototypes, and investments are
emerging in every major industry
30
31. FINANCIAL SERVICES FIRMS PARTNER STRATEGICALLY
WITH BITCOIN & BLOCKCHAIN STARTUPS
31
relatively small number of
startups have captured the
large majority of financial
services investments
33. BLOCKCHAINS AKA LEDGERS
Distributed ledgers
could save banks
as much as $20
billion annually in
infrastructure costs
by 2022
- - Spanish bank Santander - -
33
34. CENTRAL BANKS TO ADOPT BITCOIN TECHNOLOGY?
34
Challenge: Bitcoin
pricing is volatile
U.S. Federal
Reserve creates
new blockchain
“Fedcoin”
Fed can create &
destroy ledger
entries
(“Fedcoin”)
Anchored/ Pegged
price of Fedcoin
BENEFITS
Enjoy benefits of
bitcoin:
• Fast
transaction
speeds
• Cheap
transaction
costs
• Ability to
transact
almost
anywhere with
anyone
while maintaining
purchasing power !