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More people, less banking: Blockchain by Salvador Casquero at Big Data Spain 2017

More people, less banking: Blockchain by Salvador Casquero at Big Data Spain 2017

Primary function of banking sector is promoting economic activity; which means “commerce”, exchanging what someone produces-has for something that someone consumes-desires.

https://www.bigdataspain.org/2017/talk/more-people-less-banking-blockchain

Big Data Spain 2017
November 16th - 17th Kinépolis Madrid

Cb6e6da05b5b943d2691ceefa3381cad?s=128

Big Data Spain

December 01, 2017
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Transcript

  1. None
  2. Decentralized finance: more people, less banking Salvador Casquero Algarra 2GT

    Co-founder. The world’s collaborative bank
  3. What is the ESSENCE of BANKING

  4. Primary function: PROMOTE ECONOMIC ACTIVITY ! Production Distribution Consumption SELL

    SELL TRADE TRADE BUY BUY EXCHANG E THINGS EXCHANG E THINGS COMMERCE
  5. Bartering Gold, silver, copper coins Paper-money Song Dinasty Ming Dinasty

    Salt, pepper, bones, stones…
  6. 1971 Bretton Woods collapse FIAT money –free floating monetary system

    35 $/ounce Financial intermediati on Fractional reserve Credit creation 1944
  7. BANK of ENGLAND Money in the modern economy: An introduction,

    by Michael McLeay, Amar Radia and Ryland Thomas of the Bank's Monetary Analysis Directorate
  8. A Peer-to-Peer Electronic Cash System November 2008

  9. ck To Basis: from physical BARTERING to digital COMMERC

  10. COUNTERPARTIES

  11. ASSIMETRIC CRYPTOGRAPHY

  12. HASH ALGO Hash function/Algorithm

  13. PROPERTY

  14. CONSENSUS

  15. P2P Network

  16. We’ve got Alice

  17. … we’ve got Bob

  18. We’ve got ourselves

  19. Belonging all to the same P2P network ALICE …

  20. Belonging all to the same P2P network AND BOB

  21. What about the asset

  22. COUNTERFEIT

  23. TOKEN

  24. LEDGER

  25. LEDGER 1 apple

  26. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6

    apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR
  27. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6

    apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR Token Balances: 300 liters of gasoline 50 kw electricity 35.73 bitcoins 5h of Salva’s work
  28. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6

    apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR Token Balances: 300 liters of gasoline 50 kw electricity 35.73 bitcoins 5h of Salva’s work SMART CONTRACTS Blockchain 2.0 SMART TOKENIZATION
  29. None
  30. 1 apple

  31. Me Alice, want to send 1 apple to BOB 1

    apple 1 apple Private/Public MINERS
  32. Why is so IMPORTANT this technology … As Internet did,

    it will CHANGE THE WORLD !!!!!!
  33. VE PILLARS of Decentralized SOCIETIES DECENTRALIZED COMMUNICATIONS  INTERNET DECENTRALIZED

    COMMERCE=FINANCE  BLOCKCHAIN 1.0 DECNTRALIZED LAW  BLOCKCHAIN 2.0 ( choice of law, adjudicators, enforcers ) DECENTRALIZED PRODUCTION  IOT, 3D PRINTING DECENTRALIZED ENERGY  SELF PRODUCTION/ SELF CONSUME
  34. USE CASE: 2gether The world’s collaborative bank built over blockchain

  35. USE CASES

  36. Thanks!