bill gates€¦ · that uses a blockchain. cryptocurrencies are just one example of decentralized...

Focused on the creation, development and acquisition of decentralizedapplications for blockchain ecosystems.

“Information technology and business arebecoming inextricably interwoven.

I don’t think anybody can talkmeaningfully about one without talking

about the other.”- Bill Gates -

© 2018 Dapplify Blockchain Solutions Inc. Dapplify.com 2

IndexA Closer Look at Blockchain 3

Application Software 4

Decentralized Apps 5

Ethereum 6

Banking and Blockchain 8

Initial Coin Offering 9

DapplifyTM Blockchain Solutions 10

Contact Info 11

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Whatthe expertsare saying

A Closer Look at BlockchainThe first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform how human beings interact.

Blockchain is a vast, global distributed ledger (database) running on millions of devices (network) and open to anyone. But in a blockchain ecosystem not just information can be moved - money, titles, deeds, identities, votes – anything of value can be moved, stored and managed securely and privately. Trust is inherently established through mass collaboration and computer architecture rather than third party intermediaries.

Big banks and some governments are already implementing blockchain to revolutionize the way data is stored and transactions occur. The benefits are compelling — faster speed, lower costs, better security, fewer errors, and the elimination of central points of attack and failure. These models don’t necessarily involve a cryptocurrency for payments. They are merely relying on the same underlying platform that created bitcoin and other cryptocurrencies: a decentralized peer-to-peer network.

The new platform enables a reconciliation of digital records regarding just about everything in real time. In fact, soon billions of smart things in the physical world will be sensing, responding, communicating, sharing important data, and doing everything from protecting our environment to managing our health.

“Data is becoming a new asset class – one that may trump previous asset classes.”

Don Tapscott,Author – Blockchain Revolution

“Bitcoin is just one example of something that uses a blockchain. Cryptocurrencies are just one example of decentralized technologies.I think decentralized networks will be the next huge wave in technology. The blockchain allows our smart devices to speak to each other better and faster.”

Melanie Swan,Author – Blockchain: BlueprintFor a New Economy


Application SoftwareIn information technology, an application is a computer program designed to help people perform an activity. A software application has back end code typically running on system software and a computer or centralized servers: your computer’s software are apps – websites are apps in the same way that the applications on your mobile devices are apps (Instagram, Snapchat, Twitter, etc.).

The term “App” became mainstream when Apple’s App Store was opened on July 10, 2008, with an initial 500 applications available – today there are 4 million apps in the App Store.

Twitter, Instagram and Snapchat did not exist ten years ago; and, similar application-centric businesses like Uber, Shopify and Airbnb are some of the most progressive companies in the world.

Total Number of Active Apps on the App Store by 2020 - Worldwide


Decentralized Apps (Dapps)Dapps (decentralized Apps) are applications that have back end code running on a blockchain platform. They are applications that help users, businesses and governments perform activities in the blockchain. Dapp classifications are based on whether they have their own blockchain or use the blockchain of another Dapp:

Dapp Type I – decentralized applications having their own blockchain such as Bitcoin.

Dapp Type II – decentralized applications that use the blockchain of a Type I decentralized application but are protocols and have tokens that are necessary for their function.

Dapp Type III – decentralized applications that use the protocol of a Type II decentralized application and are protocols and have tokens that are necessary for their function.

There are two common mechanism by which Dapps can establish consensus: the proof-of-work (POW) mechanism and the proof-of -stake (POS) mechanism. These proofs are typically connected to a reward token (i.e. cryptocurrency). There are estimated to be less than 2,000 Dapps in some form of development – alpha, beta or live - in the world today.

“In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital and stock markets are circumvented, entrepreneurship is streamlined and networks gain sovereignty through their own digital currency. This is the next phase of the internet.”

Olaf Carlson-Wee,Polychain Capital


Ethereum:A Foundation for DappsWhile Bitcoin gets most of the attention, new rival Ethereum has a much bigger profile in the blockchain developer community. In Ethereum’s White Paper (first draft released in 2014) the stated intention of Ethereum is to create an alternative protocol for building decentralized applications with emphasis on development time, security and scaling. The Ethereum platform went live on May, 2015 – the company is currently valued at US$70 billion*. Ethereum utilizes its own software language (Solidity) and enables developers to form smart contracts using the Ethereum Virtual Machine (EVM). With these available tools, developers are making Dapps that have real-life use cases, ranging from asset management to resource planning.

* Value as of January, 2018


Ethereum, using open source blockchain technology, aspires to rewire the global economy moving us a step closer to a decentralised world. Examples of successful Ethereum-based Dapps include Golem, Augur and Status.

Golem: The Golem project aims to create the first global market for idle computer power. Standing at a remarkable market cap of US$700 million*; the first version, Brass Golem, has not yet been released as a beta product. According to the company, CGI artists will be able to rent computing resources from other users to render an image quicker. Likewise, an idle machine can also accept tasks

from other users.

Augur: Augur aims to combine the concept of prediction markets with the power of decentralised network to create a forecasting tool for potential trading gains. Valued at US$700 million*, Augur is currently under beta test. Eventually, it may be able to feed real-world truths into other applications and establish itself as the

blockchain of facts.

Status: Valued at US$500 million*, Status transforms your mobile device into a light client node on the Ethereum Network and enables you to easily access Ethereum’s entire ecosystem from anywhere. Within their messenger system, users may send smart contracts and payment to each other. Server downtimes are no longer a problem as the Dapp runs on peer-to-peer protocol. Status is in alpha testing.

“Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced application to be built on top.”

Vitalik Buterin,Ethereum Founder

* Values as of January, 2018


Banking and BlockchainThe blockchain movement has arrived and the mainstream financial sector is engaged. Financial institutions are all scrambling to find stable ground as this disruptive technology is being developed across the world:l The Korea Financial Investment Association has laid claim to the world’s first commercial blockchain used by financial firms for customer security.l More than 75 banks are now on the Ripple crypto-platform.l Sovereign identity provider R3 is gaining and losing support– JP Morgan abandons the consortium.l Royal Bank is experimenting with blockchain to move payments between US and Canada.

“I’m reasonably confident that the blockchain will change a great deal of financial practice and exchange. 40 years from now, blockchain and all that followed from it will figure more prominently in that story than will bitcoin.”

Larry Summers,Former US Treasury Secretary

While there are still many hurdles to overcome before blockchain transforms finance and banking as we know it, the promise of cost and labor savings to the global financial market is so appealing that major financial institutions are investing substantial resources to research how best to implement it.

Beyond BankingFrom a macro perspective, banks serve as the global storehouses and transfer hubs of value. As a digitized, secure, and tamper-proof database, blockchain has the capability to serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem.

Blockchain technology is transparent, democratic, decentralized and efficient. It will disrupt many industries in the coming 5 to 10 years. Apart from banking, there are numerous industries that will be disrupted by blockchain including: transportation, storage, health care and forecasting – read more.

Financial Services Currently Exploring Blockchain


Initial Coin OfferingInitial Coin Offering (ICO) is an unregulated means of crowdfunding via use of cryptocurrency, which can be used as a source of capital for startup companies and new projects. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. The term may be analogous with token sale or crowdsale, which refers to a method of selling participation in an economy, giving investors access to the features of a particular project starting at a later date. ICOs may sell a right of ownership or royalties to a project.

According to Amy Wan, a partner at Trowbridge Sidoti LLP practicing crowdfunding and syndication law, “The coin in an ICO is a symbol of ownership interest in an enterprise—a digital stock certificate, if you will.” In contrast to Initial Public Offerings (IPOs), where investors gain shares in the ownership of the company, for ICOs the investors buy coins of the company, which can appreciate in value if the business is successful. At least 400 ICOs have been conducted as of August 2017. Ethereum is (as of August 2017) the leading blockchain platform for ICOs with more than 50% market share.

The ICO market has exploded, with blockchain startups raising over US$1.5 billion* in funding through the issuance of new digital tokens since the start of 2017. The five biggest ICOs each raised over US$100* million through their token sales. By default, in order to undergo an ICO the product must be a Dapp. Here are the biggest ICOs to date:

Amount Raised ICO Dates Project

Filecoin $250+ million* 08/10/17 - 09/10/17 Decentralized Cloud Storage

Tezos $232 million* 07/01/17 - 07/14/17 Self-Amending Ledger

EOS $185 million* 06/26/17 - 06/18/18 Smart Contracts

Bancor $153 million* 06/12/17 Prediction Markets

The DAO $152 million* 05/01/17 - 05/28/17 Decentralized VC

“It’s hard not to be fascinated by something so transformative.This technology is being used in ways that have implications for central banking that span all the functions that we have.”

Carolyn Wilkins,Senior Deputy Governor of theBank of Canada

* Values as of January, 2018


Dapplify Blockchain SolutionsDapplifyTM is, as the name suggests, dapplifying existing applications and developing new dapplications that operate on blockchain ecosystems. We believe Dapps represent the single largest opportunity in the history of information technology: applications that run a decentralized and distributed version of the internet. The company is focused on the creation, development and acquisition of decentralized applications. Specific methodologies are available subject to Non-Disclosure Agreement (NDA).

Dapp 1: DeDataTM (Type II Dapp)The decentralization of data is a paradigm shift in the way businesses, governments and individuals interact with each other. Dapplify’s first Dapp, DeDataTM, is an open source protocol based on the decentralization of data. DeDataTM is a platform upon which developers can build data warehousing, analytics and artificial intelligence dapplications. DeDataTM will undertake an Initial Coin Offering (ICO) in 2018. Additional information is available subject to NDA.

The Next Killer DappDapplifyTM is at the forefront of the dapplification of business processes and holds an early mover advantage; coupled with a deep understanding of the blockchain, DapplifyTM will leverage our technical expertise and connections to build and finance a world-class portfolio of decentralized applications.


Stay InformedDapplifyTM is in the process of completing its Initial Public Offering (IPO) in Canada. Reach out to receive news and business updates.

Want to DapplifyTM ?Are you developing a Dapp and need the support of a partner you can depend on? Interested in joining our team as an Advisor or Facilitator? Please call or email us.

Phone: 604.561.2526eMail: [email protected]: dapplify.com

bill gates€¦ · that uses a blockchain. cryptocurrencies are just one example of decentralized...

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