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โ€œYou never change things by
๏ฌghting the existing reality. โ€จ
To change something, build
a new model that makes the
existing model obsolete.โ€
โ€จ
Buckminster Fuller
THE DECENTRALIZATION SINGULARITY
Stephan Tual, CCO
Twitter : @stephantual
Prologue
A centralized, digital world
A Digital World
โ€ข % of population with Internet in the
developed world: ~90%
โ€ข 46,000 Google searches, 8,000 tweets,
1,600 Skype calls, 2M emails - per second
โ€ข 6 billion hours worth of videos are
watched on Youtube every month
โ€ข Amazon shipped 5 billion items in 2014
โ€ข Smartphones will introduce billions of new
Internet users from the developing world
very soon
โ€ข Weโ€™re still using the same ageing
infrastructure from the 70โ€™s
โ€ข Promised decentralisation of the internet
never occurred
โ€ข Online more centralized than offline media:
โ€ข Facebook is 71% of all social media
โ€ข The 14 competitors to Amazon combined
only represent 1/5 of its capacity
โ€ข This centralisation was unintentional, is
convenient and allows for targeted
advertising
โ€œSocial media platforms are
public in the same way that a
shopping centre isโ€
Jamie Bartlett, telegraph.co.uk
Going Backwards
โ€ข Require you to entrust them with your
information and your funds
โ€ข Provide absolute power to โ€˜sharing
economyโ€™ platforms
โ€ข Provide an inordinate amount of power
to app store providers
โ€ข Current monetization models lead to
privacy and data loss, abuses of power
and carelessness in handling user data,
regardless of regulations
โ€ข Are single point of failures exposing
small surfaces of attack
โ€œThe Webโ€™s future
relies on individuals
owning their dataโ€ โ€จ
Tim Berners-Lee
Centralized Models
Worldโ€™s biggest data breaches
Worldโ€™s biggest data breaches
Just 3% of respondents said they trust social networks with their data
Open-xchange - Crossing the Line Report
86% of Internet users have taken steps to avoid surveillance
Pew Research Center's Internet Project & Carnegie Mellon University
88% of ICT decision-makers report that they are changing their cloud buying
behavior as a result of Snowdenโ€™s leaks
NTT Communicationsโ€™ survey
A Data Trust De๏ฌcit
Chapter 1
Ethereum
โ€ข An 100% open source software platform to build
and distribute decentralized applications
โ€ข No middle men, users are in control of their
funds and personal information at all times
โ€ข Can be used to build anything: social sites,
๏ฌnancial systems, voting mechanisms, in-game
economies, reputation systems
โ€ข 100% peer to peer, censorship-proof and
corruption-proof: data exists both everywhere
and nowhere in particular
What is Ethereum?
โ€ข A not for pro๏ฌt organisation whose goal
it to take the Internet to its logical
conclusion
โ€ข Agenda free: users leverage it because
they donโ€™t have to trust it - it has no
agenda other than solving a problem,
and it is easily peer-reviewed.
โ€ข Through its pre-sale Ethereum secured
USD 18M, plans to launch a v1.0 March
2015
โ€œOpen source software is ideas created and shared for the common goodโ€
The Ethereum Team
โ€ข Consensus at scale a notoriously hard problem to solve
โ€ข Ethereum makes it trivial to build on top of blockchain
technology
โ€ข Rather than low-level network protocol concern,
developers can focus on delivering true value to their
users
How do I build on Ethereum?
DAPP
HTML + JAVASCRIPT
(FRONTEND)
SOLIDITY (C++/JS)
OR
SERPENT (PYTHON)
(BACKEND)
Centralized Decentralized
Blockwhat?
Implementation
Ethereum Contracts
โ€ข Blockchain technology where trust
is achieved on a open network
โ€ข Contracts as your applications
backends, maintained by the
network
โ€ข Zero Infrastructure
Technology Stack
Ethereum : A computer we all share
Chapter 2
Use Cases
โ€ข Anything can be build, but some use cases are
more compelling than others early on
โ€ข Reconciling the need for sharing without the
uncanny valley elements
โ€ข Decentralized Apps the true stars of the show
Build anything
Organisational
โ€ข Contracts (b2b)
โ€ข Assets permissions
โ€ข Shareholder agreements
โ€ข Prediction markets
โ€ข Voting systems
โ€ข Domain registries
Consumer
โ€ข Escrows
โ€ข Personal asset store
โ€ข Smart property
โ€ข Financial exchanges
โ€ข Savings accounts
โ€ข Wills
โ€ข Intellectual property
Smart Contracts
Peer to peer ๏ฌnance
โ€ข Crowdfunding
โ€ข Derivatives, hedging
โ€ข Insurance
โ€ข Eliminate ambiguity
โ€ข Entering is agreeing - no need to sign on the dotted line
โ€ข Provide flexibility - both in terms of ruleset and of state
โ€ข Allow for consumer protection to be included as part of code
Smart Contracts
โ€ข The end of rent-seeking behaviour
โ€ข Startups include:
โ€ข airlock.me
โ€ข MoneGraph
โ€ข Foodway
โ€ข CubeSpawn
โ€ข and many more! Project airlock.me demonstrating
their smart contract enabled door
Web 3.0
Cubespawn
โ€ข Privacy
โ€ข Security
โ€ข Scaling
IBM announcing project Adept
Enabling the Internet of Things
IBM announcing project Adept
IBM/Samsung CES ADEPT demo
โ€ข Contracts the perfect ledger to issue tokens of value
โ€ข A decentralized Kickstarter on Ethereum would
enable startups to issue shares
Issuing tokens of value
Truly reward early adopters
โ€ข Mesh networks
โ€ข Distributed computing โ€จ
(BOINC, Folding @ home)
โ€ข Measurement of clean energy production
โ€ข Rewards for actions taken in the physical
world
Node Incentivization
Bringing reputation back in ๏ฌnance
DAOS
Chapter 3
Mist
LOADING
Epilogue
Disruptive doesnโ€™t begin to describe it
Community & Media
โ€ข Vitalik Buterin, winner World Technology Award
2015
โ€ข 97 meetups groups, 30 countries, 8k members
โ€ข Dozens of startup building apps on our platform
โ€ข 100k uniques on our site/month
Software
โ€ข Started November 2013
โ€ข 3 FOSS clients in C++, Go, Python
โ€ข Many more community clients in the
works: node.js , java, android, clojure,
objectiveC
The Story So Far
Letโ€™s Predict the Future!
โ€ฆ applications were modular?
โ€ฆ the internet of things could self-heal?
โ€ฆ anyone could bootstrap a business and issue shares?
โ€ฆ the unbanked could have access to credit?
โ€ฆ access to ๏ฌnancial instruments was universal?
โ€ฆ anyone could create their own currency?
โ€ฆ computer programs could employ humans?
โ€ฆ using the Internet didnโ€™t require trust?
Weโ€™re about to ๏ฌnd out.
What If
presented by @stephantual
Forums: forum.ethereum.org
Web: ethereum.org
Twitter: @ethereumproject
IRC: #ethereum (freenode)

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Ethereum Paris w/ Stephan Tual

  • 1. โ€œYou never change things by ๏ฌghting the existing reality. โ€จ To change something, build a new model that makes the existing model obsolete.โ€ โ€จ Buckminster Fuller
  • 2. THE DECENTRALIZATION SINGULARITY Stephan Tual, CCO Twitter : @stephantual
  • 4. A Digital World โ€ข % of population with Internet in the developed world: ~90% โ€ข 46,000 Google searches, 8,000 tweets, 1,600 Skype calls, 2M emails - per second โ€ข 6 billion hours worth of videos are watched on Youtube every month โ€ข Amazon shipped 5 billion items in 2014 โ€ข Smartphones will introduce billions of new Internet users from the developing world very soon
  • 5. โ€ข Weโ€™re still using the same ageing infrastructure from the 70โ€™s โ€ข Promised decentralisation of the internet never occurred โ€ข Online more centralized than offline media: โ€ข Facebook is 71% of all social media โ€ข The 14 competitors to Amazon combined only represent 1/5 of its capacity โ€ข This centralisation was unintentional, is convenient and allows for targeted advertising โ€œSocial media platforms are public in the same way that a shopping centre isโ€ Jamie Bartlett, telegraph.co.uk Going Backwards
  • 6. โ€ข Require you to entrust them with your information and your funds โ€ข Provide absolute power to โ€˜sharing economyโ€™ platforms โ€ข Provide an inordinate amount of power to app store providers โ€ข Current monetization models lead to privacy and data loss, abuses of power and carelessness in handling user data, regardless of regulations โ€ข Are single point of failures exposing small surfaces of attack โ€œThe Webโ€™s future relies on individuals owning their dataโ€ โ€จ Tim Berners-Lee Centralized Models
  • 9. Just 3% of respondents said they trust social networks with their data Open-xchange - Crossing the Line Report 86% of Internet users have taken steps to avoid surveillance Pew Research Center's Internet Project & Carnegie Mellon University 88% of ICT decision-makers report that they are changing their cloud buying behavior as a result of Snowdenโ€™s leaks NTT Communicationsโ€™ survey A Data Trust De๏ฌcit
  • 11. โ€ข An 100% open source software platform to build and distribute decentralized applications โ€ข No middle men, users are in control of their funds and personal information at all times โ€ข Can be used to build anything: social sites, ๏ฌnancial systems, voting mechanisms, in-game economies, reputation systems โ€ข 100% peer to peer, censorship-proof and corruption-proof: data exists both everywhere and nowhere in particular What is Ethereum?
  • 12. โ€ข A not for pro๏ฌt organisation whose goal it to take the Internet to its logical conclusion โ€ข Agenda free: users leverage it because they donโ€™t have to trust it - it has no agenda other than solving a problem, and it is easily peer-reviewed. โ€ข Through its pre-sale Ethereum secured USD 18M, plans to launch a v1.0 March 2015 โ€œOpen source software is ideas created and shared for the common goodโ€ The Ethereum Team
  • 13. โ€ข Consensus at scale a notoriously hard problem to solve โ€ข Ethereum makes it trivial to build on top of blockchain technology โ€ข Rather than low-level network protocol concern, developers can focus on delivering true value to their users How do I build on Ethereum? DAPP HTML + JAVASCRIPT (FRONTEND) SOLIDITY (C++/JS) OR SERPENT (PYTHON) (BACKEND)
  • 16. Ethereum Contracts โ€ข Blockchain technology where trust is achieved on a open network โ€ข Contracts as your applications backends, maintained by the network โ€ข Zero Infrastructure
  • 18. Ethereum : A computer we all share
  • 20. โ€ข Anything can be build, but some use cases are more compelling than others early on โ€ข Reconciling the need for sharing without the uncanny valley elements โ€ข Decentralized Apps the true stars of the show Build anything
  • 21. Organisational โ€ข Contracts (b2b) โ€ข Assets permissions โ€ข Shareholder agreements โ€ข Prediction markets โ€ข Voting systems โ€ข Domain registries Consumer โ€ข Escrows โ€ข Personal asset store โ€ข Smart property โ€ข Financial exchanges โ€ข Savings accounts โ€ข Wills โ€ข Intellectual property Smart Contracts Peer to peer ๏ฌnance โ€ข Crowdfunding โ€ข Derivatives, hedging โ€ข Insurance
  • 22. โ€ข Eliminate ambiguity โ€ข Entering is agreeing - no need to sign on the dotted line โ€ข Provide flexibility - both in terms of ruleset and of state โ€ข Allow for consumer protection to be included as part of code Smart Contracts
  • 23. โ€ข The end of rent-seeking behaviour โ€ข Startups include: โ€ข airlock.me โ€ข MoneGraph โ€ข Foodway โ€ข CubeSpawn โ€ข and many more! Project airlock.me demonstrating their smart contract enabled door Web 3.0 Cubespawn
  • 24. โ€ข Privacy โ€ข Security โ€ข Scaling IBM announcing project Adept Enabling the Internet of Things
  • 25. IBM announcing project Adept IBM/Samsung CES ADEPT demo
  • 26. โ€ข Contracts the perfect ledger to issue tokens of value โ€ข A decentralized Kickstarter on Ethereum would enable startups to issue shares Issuing tokens of value
  • 27. Truly reward early adopters
  • 28. โ€ข Mesh networks โ€ข Distributed computing โ€จ (BOINC, Folding @ home) โ€ข Measurement of clean energy production โ€ข Rewards for actions taken in the physical world Node Incentivization
  • 29. Bringing reputation back in ๏ฌnance
  • 30. DAOS
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  • 90. Community & Media โ€ข Vitalik Buterin, winner World Technology Award 2015 โ€ข 97 meetups groups, 30 countries, 8k members โ€ข Dozens of startup building apps on our platform โ€ข 100k uniques on our site/month Software โ€ข Started November 2013 โ€ข 3 FOSS clients in C++, Go, Python โ€ข Many more community clients in the works: node.js , java, android, clojure, objectiveC The Story So Far
  • 92. โ€ฆ applications were modular? โ€ฆ the internet of things could self-heal? โ€ฆ anyone could bootstrap a business and issue shares? โ€ฆ the unbanked could have access to credit? โ€ฆ access to ๏ฌnancial instruments was universal? โ€ฆ anyone could create their own currency? โ€ฆ computer programs could employ humans? โ€ฆ using the Internet didnโ€™t require trust? Weโ€™re about to ๏ฌnd out. What If
  • 93. presented by @stephantual Forums: forum.ethereum.org Web: ethereum.org Twitter: @ethereumproject IRC: #ethereum (freenode)