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


Cryptography Science

 BLOCKCHAIN

Software Engineering

Cryptography Science

Game Theory

  The Blockchain Novelty


The Blockchain is a new way to implement trusted transactions without trusted intermediaries.

4 vcapv.com © William Mougayar, Virtual Capital Ventures

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

5 © William Mougayar, Virtual Capital Ventures. vcapv.com © William Mougayar, Virtual Capital Ventures

  Unpacking the Blockchain

① Meta Technology

② Decentralized database

③ Decentralized computers

④ P2P Network

⑤ Shared, distributed ledger

⑥ Software development environment


  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:


  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


  Banks and Startups: A Strange Relationship

 


  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


  Kickstarter Campaign

 


  5 Key Trends for FinTech

① Mobile

② Innovation vs. Regulation

③ Cryptocurrency & Blockchains

④ Identity & Data

⑤ Banks as Back-end


  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


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?


 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