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More people, less banking: Blockchain by Salvad...

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

Big Data Spain

December 01, 2017
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  1. Primary function: PROMOTE ECONOMIC ACTIVITY ! Production Distribution Consumption SELL

    SELL TRADE TRADE BUY BUY EXCHANG E THINGS EXCHANG E THINGS COMMERCE
  2. 1971 Bretton Woods collapse FIAT money –free floating monetary system

    35 $/ounce Financial intermediati on Fractional reserve Credit creation 1944
  3. 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
  4. LEDGER 1 apple DateTime 1 apple from 0x1hej83 DateTime 6

    apples from 0x1rtt53 11nov2017 -5 apples to SALVADOR
  5. 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
  6. 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
  7. Me Alice, want to send 1 apple to BOB 1

    apple 1 apple Private/Public MINERS
  8. 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