BLOCKCHAIN DEVELOPERS MALAYSIA

http://neuroware.io

Meetup #1 - Blockchain Basics - September, 2017

sponsored by

BLOCKCHAIN DEVELOPER PRESENTATIONS

MARK SMALLEY - BLOCKCHAINS FOR DEVELOPERS - PART 01

TM LEE ( COINGECKO.com ) - INTRODUCING LIGHTNING NETWORKS

TC WU ( HELLOGOLD.com ) - HELLO GOLD’S SMART CONTRACTS ON ETHEREUM

INTRODUCING THE BIG BLOCK BITCOIN MINIMALIST

Mark Smalley - CEO ( Neuroware.io )

Living in Malaysia for the past 20 Years

Building FinTech Applications for 15 Years

Spent 10 Years Helping Tech Communities

Building Blockchain Apps for 5 Years

NEUROWARE - FIRST MSC STATUS BLOCKCHAIN COMPANY

GLOBALFUNDING

Only Malaysian company to graduate from 500 Startups Accelerator in Silicon Valley, with funding from Coinsilium too

FINTECHFOCUS

With DBS, Maybank and Securities Commission of Malaysia as clients, we have a broad understanding of fintech

FULL-STACKSERVICES

We provide corporate blockchaintraining and workshops along with

consulting on solutions utilizing Cortex

CORTEXaws for blockchains

CONSULTINGTRAINING

CORTEX IS OUR UNIFIED INTERFACE FOR MULTIPLE CHAINS

DN-KEY CRYPT Private Key ManagementMulti Signature Signing

Public Key BroadcastingKey Abstraction / Revocation

BABELBLOCKAUTH EVERSTORE

KEEPEnterprise Wallets

PASSPORTKeys & Identity

INTEGRITYData & Notarisation

GUILDPOS & Tokens

API

APPS

ENOUGH ABOUT ME

WTF ARE BLOCKCHAINS …?

BLOCKCHAINS FOR DEVELOPERS

PART 01 - WHY DO WE HAVE BLOCKCHAINS …?

INTRODUCING THE ISLANDS OF YAP

YAP INTRODUCED THE WORLD’S FIRST PUBLIC LEDGERS

GROUP CONSENSUS WAS USED FOR TRANSACTIONS

● Size wasn’t everything

● The history of each stone determined its individual value

● Conducting transactions quite literally involved a song & dance

● This required the majority of people from the village to be present

BLOCKCHAINS PROVIDE AN UPDATED TAKE ON YAP IDEALS

TRADING STONES FOR DOLLARS BASED ON GOLD

LET’S NOT FORGET THAT WHAT WAS ONCE PHYSICAL

IS NOW DIGITAL

PHYSICAL DIGITAL

WITHOUT PROPER REGULATION IT WILL CONTINUE FAILING

World War 2US$3 Trillion

All other USA wars combined

2008 Financial Bailout

US$8.5 Trillion

this inspired several movements - including the creation of bitcoin

VsBITCOIN( the first application / popular digital asset )

BLOCKCHAINS( underlying tech / shared public ledger )

VsETHEREUM( open network for building anything )

PRIVATE NETWORKS( very similar to traditional database )

VsPUBLIC BLOCKCHAINS( enables permissionless innovation )

PERMISSIONED LEDGERS( puts new central controllers into authority )

US$144 BILLION REASONS TO CHOOSE THE RIGHT CHAIN

11 BLOCKCHAINS NOW HAVE OVER US$1 BILLION MARKET CAPITALIZATIONS

THE ONLY CHAINS WE SUPPORT USE PROOF OF WORK

Data from CoinGecko on June 6th Bitcoin Litecoin Dogecoin Dash Ethereum ETC

Coin Limit 21 Million 84 Million UNLIMITED 22 Million Unknown 200+ Million

Current Supply 16 Million 51 Million 100 Billion 7 Million 91 Million 91 Million

Mining Algorithm SHA-256 Scrypt Scrypt X11 Ethash Ethash

Hash-Rate 644 PH/s 7.2 TH/s 6 TH/s 3.6 TH/s 30 TH/s Unknown

Average Block Time 10 Minutes 2.5 Minutes 1 Minute 2.5 Minutes 10 Seconds 10 Seconds

Launched 03 / JAN / 09 07 / OCT / 11 08 / DEC / 13 19 / JAN / 14 30 / JUL / 15 25 / OCT / 16

US$ Price per Coin US$2,800+ US$30 US$0.0038 US$149 US$260 US$17

Current Market Cap US$47+ B US$1.5+ B US$420+ M US$1+ B US$24+ B US$1.6+ B

Size of Raw Blockchain 135 GB 8 GB 21 GB 3 GB 180 GB 120 GB

Hardware Cost of 51% Attack US$1.6+ B US$240+ M US$200+ M US$450+ M Unknown Unknown

ALWAYS TRY TO REMAIN CAUTIOUS - JUST 60 DAYS AGO

Everything Else

(US$7+ Billion)

Ethereum X 2, Ripple,NEM, Litecoin & Dash

(US$38+ Billion)

Bitcoin

(US$38+ Billion)

REALLY CAUTIOUS - 90 DAYS AGO

EVERYTHINGELSE

BITCOIN

THIS IS WHY THIS GROUP IS NOT ABOUT THE CURRENCY

BUT RATHER THE UNDERLYING TECHNOLOGY

WHICH HAS CERTAINLY EVOLVED SINCE 2012

IT’S ALSO WHAT MAKES PROOF OF WORK SO SPECIAL

MORE ENERGY USED THAN THE COUNTRY OF ICELAND

SOLVING PUZZLES TO EARN THE RIGHT TO VALIDATE TXs

TRANSACTIONS ARE BATCHED INTO BLOCKS

● Transactions are batched into blocks every ten minutes (with Bitcoin)

● The block is added to the chain with a link to the previous block

● With the block added to the chain, its transactions are then confirmed

OCCASIONALLY - DIFFERENT BLOCKS ADDED AT SAME TIME

WHICH IS WHY WE HAVE CONFIRMATIONS

A NETWORK OF NODES WHERE THE LONGEST CHAIN RULES

THIS CAN LEAD TO A REORGANIZATION OF THE CHAIN

USE CASES

WHAT CAN WE DO WITH THIS TECHNOLOGY …?

SOME OF THE PROJECTS WE HAVE BEEN EXPLORING

BANKINGFrom AML & KYC cost reductions to

reward schemes & reaching the

unbanked or general key-signing

LEGALCryptographically secure document

notarization, copyright protection,

and dispute settlement

GAMINGShare digital assets between an

entire network of games, or use the

blockchains to create immutable

persistent open-worlds

HEALTHCAREComplete and immutable family

histories of every related diagnosis

and condition available from 1 key

GOVERNANCEIncrease the accountability of public

officials and offer total

transparency in voting & elections

ASSETSTrack possession of your property

in the digital economy by creating,

managing, storing, or sharing

multiple asset classes

ACCOUNTINGCreation of programmable processes

& automated auditing trails increase

transparency & efficiency

LOGISTICSTracking of shipping cycles and

provenance systems that

autonomously verify actions

INSURANCEIntegrated insurance and medical

services can be intelligently designed

to quickly and contractually settle

claims with cryptographically

AT THE HEART OF IT ALL IS DISTRIBUTED DATA

CENTRALIZATION

DATABASEDECENTRALIZATION

THE CLOUDDISTRIBUTION

BLOCKCHAINS

RANGING FROM PUBLIC STORAGE TO PRIVATE VALIDATION

● Blockchains can provide a tamper proof audit trail for structured data○ Useful for public data (births, deaths, marriages and education)

○ Ideal for sharing data (identity, loyalty, supply chains and healthcare)

● Alternatively, blockchains can also be used to timestamp data hashes○ Useful for large data sets (such as data lake authenticity checks)

○ Ideal for compliance (independently verify data timelines)

● Simple applications that require limited data can run autonomously without

the need to pay for and (or) service ongoing hosting or server requirements○ Useful for operating censor resistant applications

LET ME SHOW YOU A SERVER-LESS DEMO

( HTML5 BLOCKCHAIN-BASED LOGIN SYSTEM )

NOTICE IT DOES NOT ASK FOR A CRYPTOGRAPHIC KEY …?

THE DATA IS 100% BLOCKCHAIN-BASED (BITCOIN, DOGECOIN and DASH)available for as long as the network lives at no extra cost, no matter what happens to me

THIS PUBLIC DATA CAN ALSO BE ENCRYPTED PRIVATELY

TO BE CONTINUED IN PART 2

THIS SERIES WILL EXPLORE HOW WE BUILT THIS

INTRODUCING BLOQ.PRESSthe blockchain-based CMS we will build here - exclusively available to blockchain developers of malaysia

email the team anytime - founders@neuroware.io