decentalized crowdfunding with blockchain technology
TRANSCRIPT
Crowd Dialog Europe
Graz 2016
BlockchainHub Graz■ Thomas Zeinzinger & Max Tertinegg■ September 8, 2016
# Not-For-Profit # Translate Blockchain to Non Techies# Connect various Networks and Organizations
Meet the Team
Thomas Zeinzinger Max Tertinegg Sandra Zitz Thomas Schwarzl
Shermin Voshmgr
Berlin Brussels
Jean-Luc Verheist
AGENDA
Let‘s talk about BlockchainTechnology
v Basics
v Crowdfunding
v Challenges (WS)
Basics
v Why is everybody so excited about blockchain technology?
v What is Bitcoin and how does it work (demonstration)?
v How safe is our money?
v What is the blockchain and what is so special about it?
Internet vs. Blockchain
Why is everybody so excited about blockchain technology?
Internet and Blockchainincrease the speed ofinteractions
Internet - Information
Blockchain - Value
Bitcoin: thefirst
blockchain
Bitcoin and blockchaintechnology came intoexistence together
Bitcoin: a peer-to-peer
electronic cash system
Live demo https://bitpay.com/demos
What isBitcoin?
Peer-to-peer
No central authority
Fast transactions
Very low barrier of entry
What isBitcoin?
No bank account needed
No borders
Open source
Censorship resistant
What isBitcoin? „Cash for the internet“
„Digital gold“
Max. 21. Mio bitcoins
Blockchain –Chain ofBlocks!?
What is the blockchain and what is so special about it?
üShared Database
üMultiple Writers
üNo Trust Needed
Global, instantaneusvalue transfer betweenhumans and machines!
Blockchain in Action
Public Networks can be watchedby everyone with access to the
internet.
https://blockchain.info/de/
https://ethstats.net/
Crowdfunding
v Reward-Based Crowdfundingv Equity-Based Crowdfundingv Lending-Based Crowdfundingv Loan-Based Crowdfunding
v Decentralized Autonomous Organization - DAO
Reward-BasedCrowdfunding
Bitcoin has shown that a cryptocurrency can work ... Whynot creating own coins and sell
them?
Ethereum (18.3 mn $)
Storj (0.5 mn $)
Lisk (5.5 mn $)
Waves (16 mn $)
Heat (coming soon)
Equidy-BasedCrowdfunding
Trading equity is typically not thateasy. This problem is addressed
from various sides.
Funderbeam (Bitcoin)
Weifund (Ethereum)
Heat (2017, NXT)
SmartAngels & BNP Paribas (?)
Linq (Chain)
Lending-Based
Crowdfunding
P2P lending is probably the mostobvious way for the cryptospace, but is hampered by AML & KYC.
P2P Lending - Total Market: Estimated $150bn by 2025
LoanCoin (2014, suspended)
MoneyCircles (2016? Uphold, Ethereum-Based)
Donation-Based
Crowdfunding
Examples in the crypto-space arereally rare!
Crypto Crowding (?)
DecentralizedAutonomousOrganization
The first DAO (“The DAO) hascollected 150 mn$ within 28 daysand was intendet to spend that
money on projects selected by thebackers of the DAO.
The DAO
• Escrow
• Voting
• Spliting
50 mn$
Challenges – Workshop
v What legal challenges do you see if equity representing tokens can be traded on the secondary market?
v What should be the value proposition of decentralized crowdfunding platforms (e.g. Weifund) to gain more traction?
v What is your believe in the future of DAO’s as funds, managed by voting through the owners?
Follow us
www.blockchainhub.net/grazblockchainhubgraz@bchgraz
Thomas Zeinzinger@leantom42
Max Tertinegg@maxmin