ethereum the next revolution?
TRANSCRIPT
ETHEREUM
The next revolution?
Tim Dierckxsens - David Hantson
In The Media
The Next REVOLUTION?
Digitalisation Decentralisation?AutomationMechanisationSource: https://mjolner.dk/tech/realizing-fourth-industrial-revolution/
Financial Trends
Past Future
Bank APIs
Distributed Currency
P2P Economy
Digital Wallet
Crowdfunding
Micro Payments
Collaborative Consumption
Bartering
Commodity
Fiat Money
Credit
Banks
Stocks /Bonds
Source: http://envisioning.io
Blockchain & Banks
Source: https://www.cbinsights.com
ETHEREUM
Source: https://www.ethereum.org
Vitalik Buterin1994: Born
2012: Co-founded Bitcoin Magazine
2014: Co-founded Ethereum● Won World Technology Awards● Won Thiel Fellowship Award
○ 100k USD Grant○ 2 years of Mentorship○ Build your team
Ethereum RoadmapFRONTIER
Alpha Release
MVP
Proof of Work
July 2015
HOMESTEAD
Beta Release
MMP
Stable system
February 2016
METROPOLIS
Release 1.0
UI for Non-Devs
Dapp Store
2016?
SERENITY
Release 2.0
Switch PoW to
Proof of Stake
Early 2017
Ethereum : Currency in ecosystem
Source: http://coinmarketcap.com/currencies/ethereum/
ETHEREUM - It is not...
...another cryptocurrency
What is Blockchain? One Ledger
● Distributed● Shared ● Validated
by the network
How does Blockchain work?
Source: Book: Bitcoin for the Befuddled
How does Blockchain work?2 Blocks - 1 chain - Uh Oh!
What happened?
2 miners crack the code
Network complains there are two valid blocks
Who wins depends on which chain the next block will be.
Source: Book: Bitcoin for the Befuddled
How is Ethereum Different from Bitcoin?
Ethereum is a platform to Develop:
Smart Contracts
DAPPs
DAO & DACs
Bitcoin
Ethereum
Source: Slideshare
What are Smart Contracts?
Normal Smart
Source: Slideshare
What are DAPPS?
Source: Slideshare
Examples of DAPPS?
UTorrent
Music Platform
Developer Tools
Deloitte Developed Tools for Enterprises
Ex: DAPPs - A Learning Passport
DAPPs incorporate evaluation and reputation of the Institution
Earned course credits are stored on the platform
Students can easily transfer from institutions
Diplomas and degrees will be recognised globally
Source: http://cscubs.cs.uni-bonn.de/2016/proceedings/paper-10.pdf
What are DAOs & DACs?An organisation or community distributed across the network without central authority
Smart Contracts enforce rules
No formal, legal or physical representation
DAOs have their own token
Source: Daohub.org
The DAO - Mother of all DAOs
Source: Daohub.org
DAO TOKENHOLDERS Adds Ideas / Proposals
Votes on other Ideas/Proposals
Benefits from development done by Contractors
Source: http://dao.consider.it
DAO ContractorsViews or suggests Proposals from/to DAO
Develops Products for the DAO
Payments defined by Smart Contract
Source: Daohub.org
DAO CuratorsNominated by DAO Tokenholders
Curate list of contractors to receive ether from DAO
Failsafe to prevent malicious actors gaining majority
Source: Daohub.org
Industry 4.0
Digitalisation Decentralisation?AutomationMechanisationSource: https://mjolner.dk/tech/realizing-fourth-industrial-revolution/
Ethereum & Industry 4.0?Public Blockchain
Smart Contracts
Source: http://cscubs.cs.uni-bonn.de/2016/proceedings/paper-10.pdf
Ethereum & Hyperledger Integration
Open Source Project40+ Members joined
Goal Hyperledger:
● To advance blockchain technology● With a Cross-industry purpose● To Create an open standard for
distributed ledgers
that can transform the way business transactions are conducted globally.
Ex: Provenance - Your Product’s Journey
Scan QR Code
View Story TimelineSample Contract
How Does This Work?
Source: provenance.org
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Q&A