Blockchain: Digital Currency vs. Identity Currency

The benefits of Blockchain does not only lie in cryptocurrencies but in the opportunities provided by Blockchain technology itself. Public blockchains like the bitcoin blockchain work well for cryptocurrencies.

Transcript

1. New Technologies, Growth, Disruption Innovation Blockchain @UchiUchibeke © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
2. HELLO! I am Uchi Uchibeke Blockchain Engineer, Securekey Canada Founder, NaijaHacks You can find me at @UchiUchibeke 2 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
3. HELLO! New Technologies, Growth, Disruption Innovation: Blockchain Blockchain Engineer, Securekey Canada Founder, NaijaHacks You can find me at @UchiUchibeke 3 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
4. Blockchain? Blockchain revolutionizes the way we store and share data by storing data in a Secure, Flexible, and Auditable way. 1 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
5. “ Blockchain has the potential to create new foundations for our economic and social systems. - Harvard Business Review 5 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
6. The Benefits of Blockchain Tamper-proof A completely documented history of all data and changes are available in the chain. Ransomware Resistant Viruses like WannaCry would have to compromise every single node at the same instant in order to hold the data hostage. No single point of failure If a node fails, the rest of the network compensates. Cryptographically secure Uses industry best cryptography to make the data tamper-proof. 6 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
7. Use cases of Blockchain around the World Royal Bank of Canada 7 BuyCoins Africa © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
8. Blockchain for Client ID at RBC Designed a scalable ecosystem that manages the digital client identity and product signup process across different lines of business, using Blockchain Technology. 8 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
9. Benefits to the Business ▸ It helps the bank understand clients by giving them a holistic view of clients ▸ It saves the Bank up to $33mm dollars annually ▸ And it reduces a 2 weeks process to 20 minutes ie 1,000x faster 9 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
10. Cryptocurrency from Nigeria with Buycoins Africa Designed a Blockchain platform that serves users’ needs of buying, selling, storing or transferring Bitcoin, Ethereum, and Litecoin - as conveniently and quickly as possible. 10 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
11. Benefits to the Business ▸ They make a profit from trade fees charged for peer-to-peer transactions and other fees and from data play. ▸ And it reduces the time it takes to complete the purchase of Cryptos to 0 because transactions are completed and settled instantly. 11 © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
12. 12 THANKS! Any questions? You can find me at: ▸ @UchiUchibeke ▸ uchi@AfricaHacks.com © 2020 Uchi Uchibeke. | All Rights Reserved @UchiUchibeke
13. 13 Extra resources See Uchi.Uchibeke.com.