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Blockchain Identity -Too Good to be True?

CEESCASeptember 2016

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Consult Hyperion…

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The Beginning: Bitcoin

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Wait, What?

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And...

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Investments in Bitcoin & BlockchainTotal (summer 2016): $1.15 blnNumber of start-ups: 800+

Sources: CoinDesk, VentureScanner, Cbinsights, R3CEV

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Adoption curve. July 2016

Technology discovery

Peak of Hype & Expectations

Trough ofDisappointment

Enlightenment & Triumph

Adoption &Productivity

Perceived value

Maturity

Blockchain

Bitcoin

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Blockchain space: traction

Sources: Coinmarketcap, Coindesk

Ethereum

Ripple

Bitcoin

$12

$0.005

$600

$1 bln

$0.2 bln

$10 bln

Market cap Price Growth since Jan 2016

1300%

10%

40%In 2016 Ethereum has been getting a lot of traction.

In Q1 2016 Blockchain start-ups overtook Bitcoin in total VC investment for the first time

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Why now?

Centralise Decentralise Distribute Replicate

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Not Bitcoin, Not Blockchain –Shared ledgers

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15 10

Distributed ledger

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Centralised ledger

Shared (replicated) ledger

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“Blockchain” is an implementation choice of shared ledger technology

Blocks Blockchain Blockchain network

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What’s new in architecture?

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Of course, FISH!

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Diamonds

http://www.chyp.com/podcasts/leanne-kemp-and-guarav-rana-everledger/

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Reputation

http://www.chyp.com/identity-for-blockchain-vs-blockchain-for-identity-whats-in-it-for-airbnb/

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Identity of things

Source: IBM

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Personal ID attributes

Source: TechCrunch

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How to understand if blockchain is at all relevant?

Key characteristics

Many writers

Immutable history

Limited trust

Transactional nature

Degree of transparency

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How to understand if we are solving the identity problem?Think of three components:

IdentificationAuthenticationAuthorisation

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Radical Transparency

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Ambient Accountability

Trust is a serious problem, we have to get to a new level of transparency – only through radical transparency will we get to radical new levels of trust (Marc Benioff, Davos 2015)

#regtech

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Contact

Browse www.chyp.comFollow @chyppingsAuthors: @dgwbirch @hisalomeMail info@chyp.comComment http://www.chyp.com/media/blog/Listen http://www.chyp.com/media/podcasts/

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