lockchain?

CryptoFinance

William K. Santiago (william@wksit.com)Twitter (#williamsantiago)

Certified bitcoin Professional (CBP ID 69d4e6)Credit: Johann Gevers - The Age of Cryptofinance

https://goo.gl/uYVzuo

CryptoFinance

Uses digital signatures tosecure property rightreduce trading costs

CryptoFinance

will catalyze

the greatest explosion of wealth

creation the world has ever seen

CryptoFinanceOffers algorithmic security

Reduces need for human involvement & compliance

Results in cost reduction and faster transactions

The CryptoFinance Ecosystem

Blockchain technologies(i.e. Bitcoin)

Off-blockchain technologies(i.e. Monetas & Lightning)

What are blockchains?

Decentralized consensus database

Ledgers underpin much of the information infrastructure that we rely on today.

How do blockchain transactions work?

Transfer of ownership recorded using

a consensus process

What are off-blockchain systems?

Decentralized transactions platforms

On-chain andOFF-chain technologies

are complementaryand synergistic

Blockchain ideal for:●decentralized consensus●uncensorable records●public auditability

i.e. inflation-proof currencies,secure voting systems,property registries, etc.

Blockchain 3.0Top layer solutions and applications that use the underlying blockchain technology that help in organizing activities

●Distributed Governance○corporation, governments or non-

governmental organization (NGO)●Smart Contracts and Programmable

Money●Digital Assets and Smart Property

Blockchain Disadvantages

transactions are:slowexpensivepublic

Off-blockchain Advantages

transactions are:fastcheapprivate

Ideal for retail transactions, micropayments, resource allocation, etc.

OFF-chain Speed

1/100th of a second

1,000 times faster than blockchains

OFF-chain Cost

1/10,000th of a cent

1,000,000 times cheaper than blockchains

History in perspectiveInternet early stages was built where average

users could not use itUntil e-mail clients, browsers, DNS, search

Early investment at the moment is on basic infrastructure “the blockchain”

The efficient utilization of assets of any kind

Blockchain as InfrastructureThe initial infrastructure compared to

Internet's TCP/IPApplication layer that provide rails for industry

applicationsSimilar to the OSI model application layer 7

i.e. SMTP, DNS, HTTP, etc.

Best of both worlds

Store assets securely on-chainasset layer

Trade assets efficiently off-chaintransaction layer

The world’s first global distribution platform:The mobile phone.

With cryptographically secure, decentralized communication and trading systems, the mobile phone becomes the enabler of individual freedom and prosperity

Radical Transformation of

Financial systemsCommunication systemsProduction systemsGovernments and Legal systems

Explosion of Wealth creation

Bitcoin's value is surgingHere are 5 charts on the growing Bitcoin economy

Source: http://www.vox.com/technology/2015/10/31/9651168/bitcoin-growing

1)Bitcoin's price is at its highest level of the year

2)People are performing more Bitcoin transactions than ever

3)Venture capitalists continue to invest in Bitcoin

4)Bitcoin is becoming increasingly international

5)The number of Bitcoin ATMs is growing

Banks Could Use Blockchain -- the Bitcoin Technology -- by 2016A consortium of more than 20 banks

is already building a framework to implement the technology. The

TABB report predicts blockchain will be tracking syndicate loans by the second quarter of 2016 at latest.

Discussion and Questions