blockchain: 12 predictions for a new world
TRANSCRIPT
Blockchain: 12 predictions for a new world
Philippe Camacho
Dreamlab Technologies A.G.
October 12th 2017
Who I am
• PhD Cryptography University of Chile (2013)
• Co-founder comprabitcoin.com (2013)
• Research and Development Engineer Dreamlab Technologies A.G. (2015-Now)
• 20years+ experience in Cybersecurity
• Creators of Backtrack (now Kali)
• Train/plane ethical hacking
• Cyber Observatory (Cyobs.ch)
• Top security conferencein South America (8.8)
• OSSTMM, W3C, ISECOM members
A short bitcoin/blockchain history2008: Bitcoin: A Peer-to-Peer Electronic Cash System.Satoshi Nakamoto
2014: MtGox collapses
Now: Cryptmarketcap150 Billions of USD
2015: Ethereum launches
June 2016:The DAO is hacked
2010: Laszlo Hanyecz paid10,000 bitcoins to get two pizzas deliveredfrom Papa John’s
Feb 2011: Silk road(drug market)launches
2015: Ross Ulbricht sent to jail
2012: Wordpressaccepts bitcoin
2016: Enterprise Ethereum Alliance 90+ members
Disclaimer about “predictions”
“It’s hard to make predictions, especially about the future.”
Niels Bohr.
https://en.wikiquote.org/wiki/Niels_Bohr
#3 A blockchain handles 2000 TPS (2020)Platform # Transactions per second
(TPS)
Visa 2000
Paypal 115
Bitcoin 7
https://en.bitcoin.it/wiki/Scalability
#4 1st smart contract handling >100M USD with correctness proof (2018)
Applications of smart contracts:• Decentralized Name Service• Decentralized Insurance• Decentralized Market• Decentralized Crowdfunding• Decentralized
(PUT SOMETHING HERE)
#5 Company running on a blockchain worth 10 B USD (2022)
BAT: raised 35 M in 30 seconds.
Current valuation: 233 M
#7 Evil smart contract causes 1B in damages to a Forbes 500 company (2022)
BlockchainEvil smart contract
Victim
“Customer”
Botnet
12
22
3
3
3
#8 90% of Venture Capital through ICO(*) (2030)
https://www.coindesk.com/
1.8 B1.6 B
Venture Capital ICO
(*) Initial Coin Offering
#9 Estonia runs 100% on blockchain (2035)
https://cointelegraph.com/news/how-estonia-brought-blockchain-closer-to-citizens-govtech-case-studies
#11 All industries are impacted by Blockchain (2035)
https://ww2.frost.com/news/press-releases/frost-sullivan-identifies-2017-global-blockchain-startup-map/
#12 Central banks exist no more (2050)
https://cointelegraph.com/news/european-central-bank-president-no-power-to-regulate-bitcoin