Blockchain Identity - Too Good to be True? · Bitcoin. $12. $0.005 $600. $1 bln. $0.2 bln. $10 bln...
Transcript of Blockchain Identity - Too Good to be True? · Bitcoin. $12. $0.005 $600. $1 bln. $0.2 bln. $10 bln...
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Blockchain Identity -Too Good to be True?
CEESCASeptember 2016
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Consult Hyperion…
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The Beginning: Bitcoin
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Wait, What?
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And...
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Investments in Bitcoin & BlockchainTotal (summer 2016): $1.15 blnNumber of start-ups: 800+
Sources: CoinDesk, VentureScanner, Cbinsights, R3CEV
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Adoption curve. July 2016
Technology discovery
Peak of Hype & Expectations
Trough ofDisappointment
Enlightenment & Triumph
Adoption &Productivity
Perceived value
Maturity
Blockchain
Bitcoin
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Blockchain space: traction
Sources: Coinmarketcap, Coindesk
Ethereum
Ripple
Bitcoin
$12
$0.005
$600
$1 bln
$0.2 bln
$10 bln
Market cap Price Growth since Jan 2016
1300%
10%
40%In 2016 Ethereum has been getting a lot of traction.
In Q1 2016 Blockchain start-ups overtook Bitcoin in total VC investment for the first time
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Why now?
Centralise Decentralise Distribute Replicate
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Not Bitcoin, Not Blockchain –Shared ledgers
25 25
15 10
Distributed ledger
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Centralised ledger
Shared (replicated) ledger
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“Blockchain” is an implementation choice of shared ledger technology
Blocks Blockchain Blockchain network
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What’s new in architecture?
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Of course, FISH!
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Diamonds
http://www.chyp.com/podcasts/leanne-kemp-and-guarav-rana-everledger/
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Reputation
http://www.chyp.com/identity-for-blockchain-vs-blockchain-for-identity-whats-in-it-for-airbnb/
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Identity of things
Source: IBM
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Personal ID attributes
Source: TechCrunch
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How to understand if blockchain is at all relevant?
Key characteristics
Many writers
Immutable history
Limited trust
Transactional nature
Degree of transparency
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How to understand if we are solving the identity problem?Think of three components:
IdentificationAuthenticationAuthorisation
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Radical Transparency
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Ambient Accountability
Trust is a serious problem, we have to get to a new level of transparency – only through radical transparency will we get to radical new levels of trust (Marc Benioff, Davos 2015)
#regtech
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