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1 of 18
www.chyp.comPlease copy and distribute15/06/20171
Blockchain and Reality
or
what’s in the blocks?
Techxlr8
London June2017
www.chyp.comPlease copy and distribute
David G.W. Birch
Global thought leader in digital identity and digital money;
Global top 15 favourite sources of business information (Wired);
London FinTech Top 10 most influential commentators (City A.M.);
Top 20 Fintech Influencer (JAX London);
Top five Leaders in IDentity (Rise);
Top 10 Twitter accounts followed by innovators, along with Bill Gates
and Richard Branson (PR Daily);
Top 10 most influential voices in banking (Financial Brand);
Top 50 blockchain insider (Richtopia);
Europe’s most influential commentator on emerging payments (Total
Payments).
2
www.chyp.comPlease copy and distribute
Available at all good bookshops…
>
3
www.chyp.comPlease copy and distribute
Because… Blockchain!
4
What can the blockchain do for us?
www.chyp.comPlease copy and distribute
Finance Industry
The blockchain is the solution to our problems
5
www.chyp.comPlease copy and distribute
Every Industry
In fact, it’s the solution to most industries’ problems
6
www.chyp.comPlease copy and distribute
Everything
I’m forming “Evil Geniuses for Blockchain” If any of you want to join me
7
www.chyp.comPlease copy and distribute
Why Use a Shared Ledger?
8
What’s wrong with DB2?
It was good enough
for my father
and his father before him
There are reasons to use shared ledger
even a double-permissioned ledger
with known participants
and central co-ordination
www.chyp.comPlease copy and distribute
Consensus Computers
A different way of thinking
9
www.chyp.comPlease copy and distribute
Communications: Robustness
10
www.chyp.comPlease copy and distribute
Content: Innovation
What is on the Shared Ledger
11
www.chyp.comPlease copy and distribute
Consensus: Integrity
12
www.chyp.comPlease copy and distribute
Contract: Flexibility
p.225 Smart contracts need not be limited to finance and when paired with "smart property" — where
deeds, titles and other certifications of ownership are put in digital form to be acted on by software —
these contracts allow the automatic transfer for ownership of a physical asset.
13
www.chyp.comPlease copy and distribute
Shared Ledgers
Remember this from last year?
14
www.chyp.comPlease copy and distribute
Visit our website: http://www.chyp.com
Follow us on Twitter: @chyppings
Email us: info@chyp.com
Read: Tomorrow's Transactions Blog
Listen: Consult Hyperion Podcasts
Consult Hyperion UK
Tweed House, 12 The Mount
Guildford, Surrey GU24HN, UK.
+44 1483 301793
Consult Hyperion USA
535 Madison Avenue, 19th Floor
New York, NY 10022, USA.
+1 888 835 6124
Contact
15/06/201715
www.chyp.comPlease copy and distribute
Who Are Consult Hyperion?
Consult Hyperion specialises in working out the
opportunities and threats which result from the
harmony and collision of security, networks and
transactions.
We are constantly assessing these factors, as they
change continuously, and delivering ideas, solutions
and products to our clients
16
www.chyp.comPlease copy and distribute
What Do They Do?
We have a structured and practical approach to
secure electronic transaction systems from the
local to the global
17
Strategy
Roadmapping
Market Analysis
Business Modelling
Prototyping
Requirements Analysis
Risk Analysis
System Architecture
Technical Specification
Procurement Support
Software Development
Vendor Management
Project Management
Certification Management
Acceptance Testing
Evaluation
We can help clients in all phases of the product and service lifecycle, from the whiteboard scribble to
the person in the street’s everyday use
www.chyp.comPlease copy and distribute
Who do we do it for?
18 15/06/2017

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Why use a Shared Ledger - short introduction

  • 1. www.chyp.comPlease copy and distribute15/06/20171 Blockchain and Reality or what’s in the blocks? Techxlr8 London June2017
  • 2. www.chyp.comPlease copy and distribute David G.W. Birch Global thought leader in digital identity and digital money; Global top 15 favourite sources of business information (Wired); London FinTech Top 10 most influential commentators (City A.M.); Top 20 Fintech Influencer (JAX London); Top five Leaders in IDentity (Rise); Top 10 Twitter accounts followed by innovators, along with Bill Gates and Richard Branson (PR Daily); Top 10 most influential voices in banking (Financial Brand); Top 50 blockchain insider (Richtopia); Europe’s most influential commentator on emerging payments (Total Payments). 2
  • 3. www.chyp.comPlease copy and distribute Available at all good bookshops… > 3
  • 4. www.chyp.comPlease copy and distribute Because… Blockchain! 4 What can the blockchain do for us?
  • 5. www.chyp.comPlease copy and distribute Finance Industry The blockchain is the solution to our problems 5
  • 6. www.chyp.comPlease copy and distribute Every Industry In fact, it’s the solution to most industries’ problems 6
  • 7. www.chyp.comPlease copy and distribute Everything I’m forming “Evil Geniuses for Blockchain” If any of you want to join me 7
  • 8. www.chyp.comPlease copy and distribute Why Use a Shared Ledger? 8 What’s wrong with DB2? It was good enough for my father and his father before him There are reasons to use shared ledger even a double-permissioned ledger with known participants and central co-ordination
  • 9. www.chyp.comPlease copy and distribute Consensus Computers A different way of thinking 9
  • 10. www.chyp.comPlease copy and distribute Communications: Robustness 10
  • 11. www.chyp.comPlease copy and distribute Content: Innovation What is on the Shared Ledger 11
  • 12. www.chyp.comPlease copy and distribute Consensus: Integrity 12
  • 13. www.chyp.comPlease copy and distribute Contract: Flexibility p.225 Smart contracts need not be limited to finance and when paired with "smart property" — where deeds, titles and other certifications of ownership are put in digital form to be acted on by software — these contracts allow the automatic transfer for ownership of a physical asset. 13
  • 14. www.chyp.comPlease copy and distribute Shared Ledgers Remember this from last year? 14
  • 15. www.chyp.comPlease copy and distribute Visit our website: http://www.chyp.com Follow us on Twitter: @chyppings Email us: info@chyp.com Read: Tomorrow's Transactions Blog Listen: Consult Hyperion Podcasts Consult Hyperion UK Tweed House, 12 The Mount Guildford, Surrey GU24HN, UK. +44 1483 301793 Consult Hyperion USA 535 Madison Avenue, 19th Floor New York, NY 10022, USA. +1 888 835 6124 Contact 15/06/201715
  • 16. www.chyp.comPlease copy and distribute Who Are Consult Hyperion? Consult Hyperion specialises in working out the opportunities and threats which result from the harmony and collision of security, networks and transactions. We are constantly assessing these factors, as they change continuously, and delivering ideas, solutions and products to our clients 16
  • 17. www.chyp.comPlease copy and distribute What Do They Do? We have a structured and practical approach to secure electronic transaction systems from the local to the global 17 Strategy Roadmapping Market Analysis Business Modelling Prototyping Requirements Analysis Risk Analysis System Architecture Technical Specification Procurement Support Software Development Vendor Management Project Management Certification Management Acceptance Testing Evaluation We can help clients in all phases of the product and service lifecycle, from the whiteboard scribble to the person in the street’s everyday use
  • 18. www.chyp.comPlease copy and distribute Who do we do it for? 18 15/06/2017

Editor's Notes

  1. The first is robustness. If some or all of the participants in some marketplace each has an instance of the complete ledger, then the system as a whole might be expected to be more resistant to individual failures, errors and attacks. Think about the recent ATM and debit card system crashes that plagued one of the UK banks.
  2. The second is transparency. As I mentioned in the discussion about the "glass bank", transparency may be the defining characteristic of the new financial order and I expect this to be a focus of our clients' attention in the near future. I advance the theory here that the next generation of financial applications will focus on transparency as the key to the new way of doing things: the robustness and the innovation are great, but it is in area of transparency that new cryptographic techniques make it possible to create a new kind of ledger. I'll write more about this in the future, but I will exploring the idea that transparency may be the lasting legacy of the financial crisis in my keynote at Next Bank Barcelona on