Demystifying Blockchain - AOG · Demystifying Blockchain Tatham Oddie, @tathamoddie Head of...
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Demystifying Blockchain Tatham Oddie, @tathamoddie Head of Software Development
Transcript of Demystifying Blockchain - AOG · Demystifying Blockchain Tatham Oddie, @tathamoddie Head of...
Demystifying Blockchain
Tatham Oddie, @tathamoddie
Head of Software Development
A database.
A database that’s:
tamper proof,
distributed,
and supports decentralised consensus.
Alex -10
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Tyler +20
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distributed,
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tamper proof,
Hashing
“aog”
1a7ddd3dee44966c9c0cdd25b348768921aa054f96fb160a95a677747947d615
“AOG”
9e51ab0b701253e5136c85a3e2fb5b1db9ec5e7166b2ae394594fdf5b458e6cc
This PPTX
16838de5956e9fc13a2c7da74d4004172e3ee5ce07c89a930ced473b5effcb77
1.15792089237316 × 1077
My employment agreement
65ec3e806b64e0a9336df063f74791307539498a3cd6e7af63e51ec0669d4a3c
Txn
Txn
Txn
Txn
0x9e51ab0b70125…
0x9e51ab0b70125…
Txn
Txn
Txn
Txn
0x16838de5956e9…
0x16838de5956e9…
Txn
Txn
Txn
Txn
0x65ec3e806b64a…
0x6f1f35bad343b…
Alex -10
Blake +10
Blake -20
Tyler +20
Alex -10
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Blake -20
Tyler +20
Alex -10
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0x6f1f35bad…
0x9e51ab0b7…
0x16838de59…
0x65ec3e806…
0x6f1f35bad…
0x9e51ab0b7…
0x16838de59…
0x65ec3e806…
0x6f1f35bad…
0x9e51ab0b7…
0x16838de59…
0x65ec3e806…
0x6f1f35bad…
0x0a1759c6d…
0x8fc062e9d…
0x368217ceb…
0x6f1f35bad…
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0x65ec3e806…
0x6f1f35bad…
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tamper proof,
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and supports decentralised consensus.
What for? Some relevant use cases…
Value transfer
Txn
Txn
Txn
Txn
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0x16838de5956e9…
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Send #6 to Alex
Send #2 to Riley
Send #3 to Jessie
Distributed
Ledgers
Blockchain
Bitcoin
Txn
Txn
Txn
Txn
0x9e51ab0b70125…
0x9e51ab0b70125…
0x16838de5956e9…
0x16838de5956e9…
0x65ec3e806b64a…
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Send #6 to Alex
Send #2 to Riley
Send #3 to Jessie
Public Private Consortium
Txn
Txn
Txn
Txn
0x9e51ab0b70125…
0x9e51ab0b70125…
0x16838de5956e9…
0x16838de5956e9…
0x65ec3e806b64a…
0x6f1f35bad343b…
Send #6 to QXY
Send #2 to ZZ9
Send #3 to PZA
Value transfer
Attestation
Txn
Txn
Txn
Txn
0x9e51ab0b70125…
0x9e51ab0b70125…
0x16838de5956e9…
0x16838de5956e9…
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Signed contract
Vote Sensor reading
Order lodgement
Title transfer
Order receipt
Provenance
0x9e51ab0b70125…
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0x16838de5956e9…
0x16838de5956e9…
0x65ec3e806b64a…
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Produced A
Produced B
C = A + B
Produced D
E = C + D
Sold E
Smart contracts
0x9e51ab0b70125…
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Contract: booking
with 24 hour
cancellation policy
Cancellation
Funds hold
Funds release
Page
We tend to overestimate the effect of a
technology in the short run, and
underestimate the effect in the long run.
We tend to overestimate the effect of a
technology in the short run
/ Copyright ©2017 by Readify Limited 43
Amara’s Law
Source: Dilbert Remix, https://twitter.com/stephenhuppert/status/657356122731466753
Source: Dilbert, 17 Nov 1995, http://dilbert.com/strip/1995-11-17
Is it for me? A starting checklist…
Relevance Checklist 1. Identified data to store
2. Need for multiple writers
3. Absence of trust
4. Need / want for disintermediation
5. Dependent transactions
6. Defined transaction rules
7. Link to real-world assets
@readify
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