Note: Please Send Edits! This is a slightly edited version of a presentation I gave at the Uncork VC CTO Summit. Its really short (I only had 10 mins!). Good reading for beginners. We welcome any edit suggestions. This was put together in a very short period of time.

2. 2

3. When Is Enterprise Blockchain The Right Answer?
3
Multi-Party
Transactions
Expensive
Reconciliation
Cross-Border
Transfers
Yes
House On Fire
Problems
Experienced
Founders
No Central
Power
No
Point To Point
Transactions
No
Reconciliation
Slow Adopters
Theoretical
Problems
Novice
Founders
Good Central
Authority
Twitter: @rmb
Email: r@mstat.io

4. Why Blockchain Is Magical
4
● Distributed
● Consensus-Based
● Trustless
● Immutable
● Tokenized
● Buzzy
Twitter: @rmb
Email: r@mstat.io

5. 2018 Will Be The Year Enterprise Blockchain Explodes
5
ICOs Will Have Record Year in 2018
Total ICOs May Approach $3B, 3x 2017
Enterprise Revenue Could Surge
Could approach $100M in 2018, 5x 2017
Fortune 500 Roll-Outs Accelerate
> 150 networks in production by EOY 18
Regulation Focused On Bad Actors
100% of public actions are against scams
Twitter: @rmb
Email: r@mstat.io

6. 200+ Pilots In Fortune 500: Virus Is Spreading
6
#1 Blockchain Leader Company
Embracing crypto (Stellar), 1500 consultants
#1 Blockchain Services Company
Staff has exploded to 800, moving to new HQ
#1 Fortune 500 Retailer
Lots of launches (Food Safety, Smart Packages, etc)
#1 World Shipping & Container Company
Spinning out a blockchain join venture, launching 2018
#1 Pharmaceutical Company
Spun off Change Healthcare, Ventures investing
#1 ECommerce Company
Hyperledger Sawtooth & R3 built on AWS, also Coinbase!
Top US Telecommunications Company
New Security & Identity suite w Guardtime, also Mobi
Top Financial Services Company
Built Quorum, private chain fork from Ethereum
#1 Aeorospace Company
Filing patents to use blockchain to fight GPS spoofing
Top Technology Leader
Piloting blockchain for identity, Azure for blockchain
#1 Cable / MSO Company
Investing heavily through Ventures Group, Identity projects
#1 ‘Ready Player One’ Uses Blockchain!
The tech underpinning Oasis = blockchain
Twitter: @rmb
Email: r@mstat.io

7. Enterprise Blockchain: A $50B Ecosystem in 6 Years
7
Protocol
(Distributed)
Applications
Infrastructure
$$$
Ethereum
- Most popular (devs, cos)
- Public network (But Quorum)
- Fixing scaling (Sharding)
- Consensys = Leader
- Strongest in enterprise
- Private, permissioned
- Need tokenization/mining
- IBM, Accenture, Intel
Hyperledger Lots of Others
- Vertical cases (Ripple. IOTA)
- New BFT PoS (Algorand)
- Smart Tokens (Bancor)
- DAG (Hashgraph)
Bitcoin
- $164B market cap
- 225k TPD and growing
- Lightning L2 layer will enable
scaling to M/S TPS
Deployment Scaling Monitoring / Analytics Emerging Areas
- Deploying is hard (Heroku)
- Blockdaemon = Early Leader
- Consensys, IBM, Amazon,
Microsoft all have solutions
- Horizontal (Cosmos,
Polkadot, Kadena)
- Proof of Work Inversion
- Network layer (bloXroute)
- Interoperability (public/private)
- Integrated search
- Legacy system connectivity
- Secure Contract Execution
- QOS = Crucial (New Relic)
- Amberdata = Early Leader
- IBM, Consensys & others
launching solutions
Supply
Chain
(Provenance)
Trade
Finance
Bank
Payments
Crypto
Trading
Customer
Identity
Customer
Data
Healthcare Tokenization
Supply
Chain
(Safety)
Shipment
Tracking
Trading &
Settlements
Mortgage
Processing
IOT
Management
IOT
Security Ad Tech
Media
DRM
Twitter: @rmb
Email: r@mstat.io

8. Starting To Build: The Top Protocols
8
Ethereum Hyperledger Bitcoin
Characteristics Public, decentralized Closed, permissioned Focused on transactions
Proponents Consensys, Ethereum Enterprise Alliance,
Accenture, BBVA
IBM, Hyperledger/Linux, Accenture,
Cisco, Intel, Aetna, BBVA
NYSE, Coinbase, Kraken
What Is It? Open-source, public, blockchain-based
distributed computing platform and
operating system featuring smart contract
functionality.
Umbrella project of open source
blockchains and related tools, started by
the Linux Foundation, to support the
collaborative development of
blockchain-based distributed ledgers
The bitcoin network is a
peer-to-peer payment network
that operates on a cryptographic
protocol.
Programming
Language
Solidity is a contract-oriented, high-level
language for implementing smart
contracts. It was influenced by C++, Python
and JavaScript and is designed to target
the Ethereum Virtual Machine (EVM)
Hyperledger Composer is a set of
collaboration tools for building
blockchain networks that make it simple
to create smart contracts and blockchain
applications to solve business problems.
Core programming is written in
C++
Twitter: @rmb
Email: r@mstat.io

9. Protocol Explosion: Some Others To Consider
9
Launched / Pilot Not Launched
Financial
Payments
Speed / TPS
Financial
Payments
Financial
Payments
IOT Devices
Financial
Consortium
Financial
Payments
BFT Proof of
Stake
Censor
Resistant
Proof Of
Space Time
Privacy
Protection
Content &
Coins
Twitter: @rmb
Email: r@mstat.io

10. Blockdaemon
Makes It Easy To Deploy Across All Major Protocols
10
● Blockchain Node
Deployment As A
Service
● Platform agnostic
Hyperledger,
Ethereum. R3,
Quorum, Multichain
● Founder has had
three exits
● Feels like Heroku,
Digital Ocean, AWS
● Hosting on Google,
AWS, Rackspace,
Digital Ocean
● Last founding round
led by Comcast
Ventures
Twitter: @rmb
Email: r@mstat.io

11. 11
● Blockchain Operational
Monitoring & Analytics
● Platform agnostic:
Quorum, Hyperledger
Fabric, Ethereum &
more
● Previous investment
from Hummer Winblad
● Founders have
executive experience
at EMC, ServiceMesh,
Unified Social, Acxiom
& LoudCloud
Twitter: @rmb
Email: r@mstat.io
Amberdata
Ensure Smooth Operation In Production (IE: Datadog)

12. Want To Learn More?
Tons of Free
Courses (IBM)
Take Advisor
Roles
Listen To
Podcasts
Tons of Great
Conferences
Join Telegram
Groups
Start Looking At
Seed Deals
Work With Great
Accelerators
Is Your Business
Token/Crypto
Relevant? 12

13. MState: Who We Are
OUR BACKERSOUR TEAM WHAT WE LOOK FOR
$1B VC Raised 30 Exits, 3 IPOs Enterprise & Blockchain Leaders
Rob Bailey
CEO
Co-Founder
Ed Sim
Advisor &
Co-Founder
Eliot Durbin
Advisor &
Co-Founder
Enterprise / B2B
DApp &
Infrastructure
Solving A Big (Urgent)
Pain For Customers
Experienced Founders
(Enterprise Is Tough!)
Pre-Seed To Series A,
We Prefer Equity To
Tokens
We Want BUILDRs
13
700 enterprise blockchain companies reviewed
200 enterprise blockchain companies engaged
3 investments YTD

14. Coming Soon!
MState 2.0
Rob Bailey
r@mstate.io
@rmb
14