towards a post-modern hash chain future
TRANSCRIPT
Toward a
Post-Modern
Blockchain
Future
Casey KuhlmanCEO, Eris Industries
@compleatang@eris_ltd
What is a Blockchain?
A Blockchain = A Network of Blockchain Clients
Blockchains (Both Public and Permissioned)
Characteristics● History Rules – Let's agree on what the worldstate of data is and was.● Signature Authority Rules – Let's agree on our ability to write to the data set.● Network Rules – Let's agree how to talk to each other.
Benefits● Incredible Verifibility● Systemic Resiliency
Challenges● Privacy● Slow
Public Blockchains
Characteristics● Economic Solution for Consensus● Fully Immutable History
Benefits● Censorship Resistence● Data Permanence
Challenges● Expensive● Can It Do What A Developer Needs It To Do?
Public Blockchains
Public blockchains come in two flavo(u)rs:
Transaction-optimized● Give developers: verifiable title transfer
● Examples: BTC, SkuChain, most of the “coins”
Logic-optimized● Give developers: verifiable process+title transfer
● Examples: ETH
Permissioned Blockchains
Characteristics● Semi-Immutable History● Capabilities Based Permissioning
Benefits● Fully Verifiable Business Processes ● Stakeholder Coordination History
Challenges● Slower than existing data solutions● Do not purport to change existing political power dynamics
Permissioned Blockchains
Permissioned blockchains come in two flavo(u)rs:
Transaction-optimized● Give developers: verifiable title transfer
● Examples: MultiChain
Logic-optimized● Give developers: verifiable logic+title transfer
● Examples: Tendermint
Same DNA, Different Environment
with eris...
Private & Confidential
Blockchains give us verifiable DATA
Smart Contracts give us verifiable LOGIC
Smart Contracts
Characteristics● Scripts Saved in a Blockchain● Almost every Blockchain is capable
● Capabilities vary
Benefits● Verifiable, Distributed Process Assurance● Multi-Stakeholder By Design
Challenges● Reactive● “Reach” limited to the blockchain they live on
What is Being Done With Smart Contracts?
Industrial Applications
● Finance
– Bond origination
– Trade finance
● Insurance
– Real-time policy coverage
– Self-organizing mutuals
● Construction & Health Care
– Supply chain tracking
– Automated job tracking & payments
Governance Applications
● Poverty reduction
– Grant management
– Administration of public benefits dispensation
● Public goods
– Drone airspace auctioning
– Mesh network connectivity
● Open Data
– Publications Transparency
– Budget transparency
New applications
● Distributed process
– Information Age Guilds
– P2P on-demand platforms
● Process assurance
– Community based lending mechanisms
– Education certification schemes
● Sophisticated Sig Rules
– Distributed employment
– Distributed content
eris
The Blockchain Application Platform
Blockchain Application Design
The eris Platform
● Drastically reduces complexity of operating and developing blockchain-backed applications
● Blockchain agnostic – developer chooses the appropriate blockchain(s) for their application
● Embraces a harmony between the distributed computing camps (P2P tech and cloud tech) by bridging the two
● Smart contract focused
● Distributed infrastructure optimized (cloud-ready)
● Details as to the platform available here
https://erisindustries.com