Blockchain Revolution

Geeta Chauhan @CTO Summit, May 2016

Fully Democratize Internet

Information Age Internet of Value

Commerce

Assets

Data

Organizations

Source: Tribune.com, Design: Sunara Nizami

What is Blockchain?

▪ Distributed Ledger: Immutable Transactions

▪ Each block: Timestamp + Nonce + Crypto Hash of prior blocks + List of Trxns

▪ Decentralized Consensus: PoW

▪ Open + Trust + Secure

▪ Replaces MIDDLEMAN

▪ Bitcoin Smart Contracts DApps, DAOsSource: Economist.com

Consumer & Things Enterprise Public Sector

Identity - Consumer ownedYou are in charge of your own dataWhat to share with whom and for how long?

Integration across boundariesB2B, across departments

Permissioned & Permission-less

Delaware Blockchain Initiative

Provenance - proof of authenticity Common protocol for value and non-fungible digital assets

Portable Identity - Driver’s License, Social Security, Global Passport

Reputation across boundariesDecentralized AutonomousOrganizations

Transparency for governments

Autonomous IoT with Smart ContractsIntellectual Property, ArtistsOpen Commerce

HealthcareInsuranceSupply ChainFinance - securities, money transferAccountingLegal

Voting, Smart Property, Land title registry,Notary,Tax Receipts

SUber: Decentralized Uber

▪ “Disrupting the disruptor” ~ Alex Tapscott, MIT Bitcoin Days

▪ 25-35% Fee

▪ Driver and Consumer friendly

▪ True Shared Economy model

“smart transportation system will not only be run by the community; it will be owned by the community” ~ La’Zooz

▪ Future: Autonomous cars running smart contracts against smart cities infrastructure

Healthcare

▪ Portable Electronic Health Records

▪ Healthcare blockchain -- either public owned or shared across consortium of insurance providers

▪ Health Databanks & Quantified Self Data Commons

▪ Organ Donations - provenance - multiparty signature - ethical donations - counter for illegal human organ trafficking

▪ DNA.bits – sharing of genetics and correlated clinical data

▪ FoldingCoin: Green mining for protein folding

Smart Contracts

Self-enforcing programmatic contracts

Lawyers will be programmers

EtherScripter : Health Wallet, Timed medical record

Insurance & Transportation

▪ Eliminate Double claim frauds

▪ Peer-to-peer insurance (www.dynamisapp.com)

▪ Airplane crash: supply chain sourcing records for all major components, maintenance history audit trail

▪ Drone Employee:decentralized air traffic control (DAO)

Source: Drone Employee

Challenges & Opportunities

▪ Scalability, MIT Review ~27 tps vs Visa 2k tps, PayPal ~150 tps

▪ Regulatory & Legal concerns

▪ Linux Foundation Hyperledger Project

▪ IBM Blockchain aaS, Azure Ethereum aaS

Questions?

Contact: geeta@sustinnova.com

References

▪ Ethereum Whitepaper: https://github.com/ethereum/wiki/wiki/White-Paper

▪ IBM Empowering the Edge paper: http://www-935.ibm.com/services/multimedia/GBE03662USEN.pdf

▪ https://www.hyperledger.org/

▪ FoldingCoin Whitepaper: http://foldingcoin.net/the-coin/white-paper/

▪ http://www.wsj.com/articles/delaware-considers-using-blockchain-technology-1462145802

▪ SEC Approves plan to issue Stocks over Blockchain

▪ NASDAQ Linq Blockchain Platform: http://ir.nasdaq.com/releasedetail.cfm?releaseid=948326