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BLOCKCHAIN 101 WHAT IS IT? HOW DOES IT WORK? WHAT DOES IT MEAN TO OUR INDUSTRY? CHRIS KAMARIANAKIS PROTECT YOUR BOUNDARIES
BLOCKCHAIN 101WHAT IS IT?
HOW DOES IT WORK?WHAT DOES IT MEAN TO OUR INDUSTRY?
CHRIS KAMARIANAKISPROTECT YOUR BOUNDARIES
Program Outline
What is Blockchain - Why does it exist?- How does it work?
What is Bitcoin + Ethereum of cryptocurrency? How is Blockchain relevant to our industry? Scams & Shams… What’s important? $10 of Bitcoin in 2010 would be worth...
Blockchain Primer
Vote FoodOnlineDating
Buying aHouse
HOW DO WE KNOW WHAT’S TRUE?
Buying Online
ELECTIONSCANADA
HEALTHCANADA
MATCH.COM
AMAZON /KIJIJI
AIRBNBTRAVELOCITY
REVIEWS
LAND TITLES &MLS
VOTE
ORGANIC FOOD
DATING
BUYING ONLINE
HOTEL BOOKING
BUYING A HOUSE
THIRD PARTY "OFFICIAL
VERIFICATION"
AMAZON /KIJIJI
TRAVELOCITYREVIEW
LAND TITLES
VOTE
ORGANIC WILD FISH
DATING
BUYING ONLINE
HOTEL BOOKING
BUYING A HOUSE
BANK
AMAZON /KIJIJI
TRAVELOCITYREVIEW
LAND TITLES
WORK
BILLS
CLIENTS
WHAT ABOUT OUR MONEY?
IS THIS OKAY?
BANK
Our Data is Under Siege
Do they have the tools to protect our information? Identity and property theft, blackmail, government sponsored hacks.
In 2008: 656 Data Breaches, 35.7M Records Exposed (US)In 2018: 2552 Data Breaches, 900M Records Exposed (US)
Worldwide Today: 6.5M Records Exposed DAILY
Targets: Business, Healthcare, Banking, Government, Military.
AOL: 2004 - 92M accounts exposed.Yahoo: 2013 - 3B accounts exposed.Target: 2013 - 110M accounts exposed.eBAY: 2014 - 145M accounts exposed.LinkedIN: 2016 - 117M accounts exposed.Equifax: 2017 - 143M accounts exposed.CapitalONE: 2018 - 6M Canadian accounts exposed.
The Challenge (tomorrow)
DO WE TRUST THEM TO KEEP OUR DATA & ASSETS SAFE?ONE CETRAL SYSTEM TO HACK...SO NO!
Automomousvehicles
The age of IoT (Internet of Things) is upon us
How do we secure and manage the data?
Personalhealthcare
devicesSmart Cities
25 billion IoT devices by 2025
Law Enforcement& Surveillance
Military /Weaponry
AI & MachineLearning 5G Networks
Drone Delivery Aircraft
Who is Satoshi Nakamoto?
Bitcoin:“A peer to peer electronic cash system" - October 2008 Like cash except electronic
The Blockchain RevolutionWe need a new paradigm!
BANK
AMAZON /KIJIJI
TRAVELOCITYREVIEW
LAND TITLES
WORK
BILLS
CLIENTS
THE GOAL
FULLY SECURE + VERIFIABLEEXCHANGE OF VALUE
NO THIRD PARTY
$$
$$
$$
FRIENDS
THE BLOCKCHAIN SOLUTION
BLOCK 1500
BLOCK 3
BLOCK 2
BLOCK 1 YOUR TRANSACTION. “CHRIS SENT BOB 1 BITCOIN ON SEPTEMBER 15, 2015"
hz34$je19jr3387Ghs5DzhrrHW34KlRdet456D3dDdfHjZcv83f56LL6. . . . . . .t imestamp embedded
COMPUTER ON NETWORK
"NODE"
New Entries
Block Chain Ledger
Our Transaction
All NODES hold the same ledger
Thousands of Decentralized,Distributed “NODES"
Any additions or changes must be verified by the majority (51%) before beingaccepted by all NODES
Fraudulent change of info attempts
BUILD 5
Fraudulent change rejected by the other NODES. Consensus not achieved. This NODE is overwritten .
Blockchain Data Secure
NO!
NO!
NO!
NO!
NO!
X
BITCOINThe World's First Peer-To-Peer Electronic Currency
No third party
Transaction verified + stored on the Bitcoin Blockchain
Ethereum - It’s Not Just About Money
Could we use Blockchain?
1. To store information?
2. To better manage processes?
YES!
Using Blockchain To Store Information
Identity
Land Ownership
Property Ownership
Inventory
Project Status
SINDL
PASSPORTDATE OF BIRTH
ADRRESS
Using Blockchain To Manage Process
PROCESS ADo Work
PROCESS BCheck Work
PROCESS CPay For Work
OUTPUT
INPUT
OUTPUT
INPUT
ETHEREUM
The Blockchain has built-in checks + balances on a process
Process B expects input A. If it tries it, it goes ahead, if not itcircles back
Fraud RemovedEfficiency increased, cost reduced
LAND TRANSACTIONS
CONFIRM OWNERSHIPPROPERTY DETAILS
EASMENTS ETC.
LISTING
SELLER
AGENT
AGREEMENTOFFER APS CLOSING REGISTRY
(CHANGEOWNERSHIP)
LENDERTITLE INSURER
CONVEYANCING PROCESS
THE LAND ANDDEVELOPMENT INDUSTRIES?
What information is at risk thatwe want to protect better?
What manual/high risk
processes do we want toautomate and protect?
Opportunities for Change
InformationTitle/ownershipTitle information (Parcel Register)Mortgage detailsBoundary dataSurvey PlansConveyancing documentsProperty taxes and payment statusPermit information and status
ProcessesListing / MLSConveyancingMortgage applicationTitle TransferCourt proceedings / legal actionsNew build process managementPermit processes
This person ownsthis property
This property isowned by this
person
ONE blockchainsource for al l
propertyinformation
ONE blockchainsource for al l
person information
Current Blockchain Projects
Land Titles &Conveyancing
SwedenGeorgiaBC GovernmentOntario GovernmentCook County, IllinoisUK Land Registry - Digital StreetUkraineGhana
Blockchain's value to land governance isreduction of fraud/corruption, and cost savingsin process.
Other Major InitiativesIdentity: Govt. Canada and BanksFacebook - LibraAmazon Web ServicesMicrosoft AzureOracle (Irish cattle - ancestry, DNA, lifecycle, lab results)Venezuela - Perto coin
Scams and Shams
How many Cryptocurrencies??Over 1500 cryptocurrencies- Stick to Bitcoin, Ethereum and Monero- Don't fall for ICO's. Dubious Ways to Buy- Stick with the top 4 exchanges (Kraken,Coinbase, Coinsquare, Bitfinex) - Don't get hacked...sophisticated malwaresniffing for your "private keys".
SpankCoinSexCoinUFO CoinKodakCoinPotCoinDentaCoinVegasCoin....yawn
Summary
Our digital lives are infinitely complex.
Our data is at risk
Blockchain offers a new solution to secure data.
It's being tested and adopted cautiously.
The jury is out on Land Registry (in Ontario).
You should have bought Bitcoin in 2010.
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