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

Transcript

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
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!