Jonah Group: Blockchain Network Effects in Technology Stack

Russell VerbeetenMarch 30th 2017

© 2017 consensys.net

Agenda

• The Blockchain • The Board Meeting In Toronto• Network Effects• Network Effects in the Technology Stack• Enterprise Ethereum Alliance

Describe network effects in the technology stack that results from service interoperation

© 2017 consensys.net

https://twitter.com/avsa/status/847069837717319680

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© 2017 consensys.net

What is the Blockchain?

July 14th, 5pm - Full Description on ConsenSys Blog

ConsenSys North Board Meeting

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1. Board members vote using Boardroom which sends unsigned transaction to MetaMask

2.MetaMask asks the board member to approve the signing of the transactions and it is sent to the Boardroom contracts.

3a.Boardroom counts votes against rules, which may involve the calling of other contracts. (Boardroom’s general architecture)

3b. If membership is defined by a token, Boardroom’s rules verifies membership by calling the associated standard token contract (or, in fact, a second associated contract that freezes tokens for voting)

4.If quorum is met, the board commands one of its Uport identity contracts to send some of the identity’s funds to the Oracle.

5.The funds reach PoPA and the attestation of the board’s physical address begins.

Network Effects in the Technology Stack

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Critical Mass: Cost(f(n)) < Value(f(n^2))

Because of the native interoperability of smart contracts, every new service on Ethereum makes every other service more valuable

Network Effects in the Technology Stack

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Total Number of Transactions: 10

Because of the native interoperability of smart contracts, every new service on Ethereum makes every other service more valuable

Network Effects on the Technology Stack

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Total Number of Transactions: 100

Because of the native interoperability of smart contracts, every new service on Ethereum makes every other service more valuable

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We know a lot about 2-sided market theory. Consider what platforms for n-sided market dynamics might look like.

2-sided Market Dynamics

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Enterprise Ethereum Alliance is helping Enterprises define the specifications they need

Collaboration towards Interoperation

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Network Effects Taking Hold?