Download - Blockchain and Bitcoin: Why You Should Care
vcapv.com © William Mougayar, Virtual Capital Ventures
William Mougayar
General Partner Virtual Capital Ventures
Blockchains and Bitcoin: �Why You Should Care
Feb 10 2016
vcapv.com © William Mougayar, Virtual Capital Ventures
Cryptography Science
BLOCKCHAIN
Software Engineering
Cryptography Science
Game Theory
The Blockchain Novelty
vcapv.com © William Mougayar, Virtual Capital Ventures
The Blockchain is a new way to implement trusted transactions without trusted intermediaries.
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Self Publishing
E-Commerce
Social Interactions
IT Supremacy Internet Years
Defining Technology Eras
Personal Communications
Blockchain Promise
1994 2015
Data computation
Database applications
Transaction processing
Business Intelligence
Global operations
Enabling
Decentralization of
Trust
Value Flow without
Intermediaries
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Unpacking the Blockchain
① Meta Technology
② Decentralized database
③ Decentralized computers
④ P2P Network
⑤ Shared, distributed ledger
⑥ Software development environment
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Taking an ATOMIC DDDive in Explaining the Blockchain
1. Programmable
3D’s
Decentralization Disintermediation Distributed Ledgers
“Exchanging Assets Without Central Intermediaries”
Governance Value Creation
ASSETS
TRUST
OWNERSHIP
MONEY
IDENTITY
CONTRACTS
2. Based on:
3. Affecting:
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In the mid-2000’s FinTech Attacked the Banks, � and it was called “Unbundling Banking”
U.S.
Europe
u In startup fashion, most attacks aren’t head-on, start small & look harmless at first sights, therefore are ignored
u So, the banks didn’t feel FinTech initially, because it crept up
Graphs Source: CB Insights
vvv
BLOCKTECH in FINANCIAL SERVICES VIRTUALscape by William Mougayar
INFRASTRUCTURE&BASEPROTOCOLS
MIDDLEWARE&SERVICES
Public Special
Services So0wareDevelopment SpecialAPIsGeneralAPIs Pla9orms SmartContracts
MinersPayment
APPLICATIONS&SOLUTIONS
VirtualCapitalVentures©20151.7
ExchangesBrokerage
Banks
MoneyServices
Investments
TradingPla9orms
HardWalletsSo0Wallets
ATMs
Payroll&Insurance
Payments
ComplianceMerchants
TradeFinance
Source:hRp://startupmanagement.org/blog
FinancialData
MicrotransacTons
CapitalMarkets
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Banks and Startups: A Strange Relationship
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Some Numbers to Choke At
ü £2B in loans in the UK, last year
ü $1B / Quarter, Venmo
ü $2B Funded, Kickstarter
ü £500M / Month, TransferWise
ü $282B Loans Volume, Paypal
ü $500B Loans Volume, Alipay
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5 Key Trends for FinTech
① Mobile
② Innovation vs. Regulation
③ Cryptocurrency & Blockchains
④ Identity & Data
⑤ Banks as Back-end
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Implications for Developers
1. Secure data in applications
2. Decentralize user data to protect it
3. Learn Blockchains and Decentralization technologies
4. Write smart contracts on new / thin cloud architectures (no servers)
5. Rethink identity ownerships for your customers
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Consensus
Identity
Zero Knowledge
Mining
Distributed Ledger
Smart Contracts Identity
Keys Consensus Blocks
Cryptocurrency
Tokens
Permissionless Permissioned
Messaging Hash Tables
Identity Keys
Storage Messaging Languages
Transaction Ledger Consensus Method
Tokens Mining Nodes P2P
Nodes Reputation
File System P2P
The Blockchain: �Alphabet Soup or Full-Stack?
vcapv.com © William Mougayar, Virtual Capital Ventures
William Mougayar Investor . Entrepreneur Blogger . Board Member
General Partner Virtual Capital Ventures
[email protected] 1-416-648-7010
http://startupmanagement.org/blog http://vcapv.com @wmougayar
thank you