PROVING WHO I AM, WHAT I OWN, AND WHAT IVE DONE Global Symposium On - - PowerPoint PPT Presentation

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PROVING WHO I AM, WHAT I OWN, AND WHAT IVE DONE Global Symposium On - - PowerPoint PPT Presentation

Sep 23, 2022 497 likes •595 views

THE INCLUSION BLOCKCHAIN PROVING WHO I AM, WHAT I OWN, AND WHAT IVE DONE Global Symposium On Innovative Financial Inclusion WORLD BANK / BANK NEGARA September 22, 2016 MICHAEL CASEY SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE,

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THE INCLUSION BLOCKCHAIN PROVING WHO I AM, WHAT I OWN, AND WHAT I’VE DONE

MICHAEL CASEY SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE,

Global Symposium On Innovative Financial Inclusion WORLD BANK / BANK NEGARA September 22, 2016

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MICHAEL CASEY

SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE, MIT MEDIA LAB

A CRYPTOGRAPHICALLY SECURED PUBLIC LEDGER, SHARED AMONG A DISTRIBUTED NETWORK OF VALIDATING COMPUTERS, EACH RUNNING COMMON SOFTWARE THAT GUIDES THEM TO A CONSENSUS ON THE LEGITIMACY OF NEW ENTRIES AND PREVENTS ANYONE FROM UNILATERALLY REWRITING THAT AGREED RECORD. BLOCKCHAIN: A DEFINITION

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MICHAEL CASEY

SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE, MIT MEDIA LAB

BLOCKCHAIN FUNDAMENTALS

▌ Blockchain transactions: vessels of encrypted data, verified

by a secure, decentralized network

▌ Blockchain ledger: an immutable, transparent, time-

stamped record of changes in the state of information

▌ A grand purpose: To attest to the veracity of society’s

claims of fact

▌ Automated, real-time “proofs” obviating post-event

reconciliation:

▌ Mutually updated account balances ▌ Existence of document ▌ Provenance of ownership ▌ Sequence of events ▌ Execution of “smart contracts.”

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MICHAEL CASEY

SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE, MIT MEDIA LAB

THE FIRST USE CASE: PEER-TO-PEER PAYMENTS SOLVING THE DOUBLE-SPEND PROBLEM

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MICHAEL CASEY

SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE, MIT MEDIA LAB

SME USE CASE: TRADE FINANCE SOLVING FOR DOUBLE-SPENT INVOICES

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MICHAEL CASEY

SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE, MIT MEDIA LAB

CAPITAL ACCESS: SECURITIZING ASSETS

Photo: Pēteris

SOLVING FOR DOUBLE-SPENT TITLE

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MICHAEL CASEY

SENIOR ADVISOR, DIGITAL CURRENCY INITIATIVE, MIT MEDIA LAB

“RE-RISKING:” A KY A KYC ALTERNA C ALTERNATIVE TIVE

Photo: Institute for Money, Technology and Financial Inclusion, Flickr

SOLVING FOR DOUBLE-SPENT IDENTITY

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MIC MICHAEL HAEL J.

  • J. CASEY

CASEY MIT MIT MEDIA MEDIA LAB LAB DIGITAL DIGITAL CURRENC CURRENCY Y INITIATIVE INITIATIVE

Email: caseymj@media.mit.edu Twitter: @mikejcasey