The Blockchain and Cryptoeconomy Current Status and What Should We - - PowerPoint PPT Presentation

The Blockchain and Cryptoeconomy – Current Status and What Should We Do Moving Forward PD Dr. Sönke Bartling

(@soenkeba)

Founder Blockchain For Science, Associated research Humboldt Institute for Internet and Society

First: What is Blockchain? Some viewpoints & thoughts….

A chain of blocks...

Compare: “Internet”

A chain of blocks...

• A new way to organize online services

– Distributed – Decentralized – Immutable (append only) – Transparent / provable

WHAT IS BLOCKCHAIN?

• A socio-techno-economic-legalo-cultural

(r)evolution

• A fascination in the triangle of game

theory, strong cryptography, tech and money

• A hype

@fortyfoxes

WHAT IS BLOCKCHAIN?

• A new way to look at user identity/

autonomy

Web 2.0

Blockchain

WHAT IS BLOCKCHAIN?

• A new way to look at computer security

BLOCKCHAIN

IT s ec urity today

Firewall Database Service Buisiness logic VPN Info

Another island

Content Ports E v i l

• u

t s i d e w

• r

l d

WHAT IS BLOCKCHAIN?

• A new way to look at computer security

BLOCKCHAIN

IT s ec urity today

Firewall Database Service Buisiness logic VPN Info

Another island

Content Ports E v i l

• u

t s i d e w

• r

l d

BLOCKCHAIN

IT s ec urity in B loc kc hainworld

Blockchain IPFS Smart contracts Content Wallets IPDB

WHAT IS BLOCKCHAIN?

• A detachment of control over hardware

from control over content

T

• day

B lockchaine d

WHAT IS BLOCKCHAIN?

• Unnecessary …

Let´s have a 3rd PARTY!

First international conference on Blockchain for Science and Knowledge creation 5th – 6th of November, Berlin www.blockchainforsciencecon.com

WHAT IS BLOCKCHAIN?

• Unnecessary #2 …

WHAT IS BLOCKCHAIN?

We should think about including…

• novel P2P technologies, like DAT ? IPFS?
• Novel data processing concepts based on

cryptography

• Trusted hardware concepts?
• Decentralized data market places?
• ….

@lambo

TALK “DECENTRALIZATION” ?

• Not really technical decentralization
• Lack of an intransparent central point of

failure

• Independency of service provider and

control over the service

• Lack of artificially constraining business

models

• Openness
• Power

WHAT IS BLOCKCHAIN?

• A new economy …

CRYPTOECONOMY

• BC creats bullet proof

variables=tokens=coins=...

• with provable behavior (max. amount,

smart contracts, ...)

• at near zero costs
• without a traditional trusted third party

(paper contract, lawyer, notary, banks, stock exchanges ...)

CRYPTOECONOMY

• BC creats bullet proof

variables=tokens=coins=...

• with provable behavior (max. amount,

smart contracts, ...)

• at near zero costs
• without a traditional trusted third party

(paper contract, lawyer, notary, banks, stock exchanges ...)

TOKENEVOLUTION…

• Protocol level tokens (Bitcoin…) ...
• Completely independent token ...
• Security token, utility token …
• … future: more legal structures….

BITCOIN

Tokenevolution…

• Protocol level tokens ...
• Completely independent token ...
• Security token, utility token …
• … future: more legal structures….

But: Will there be really novel value propositions?

CRYPTOECONOMY

• A more onboarding, open economy?
• No more “a few become really rich”?
• Integrating economy that really supports

cooperation?

Second: What is Blockchain in Science?

Science structure today?

• Legacy structures
• Centrality (data repositories, service providers)
• Unlimited media breaches
• Walled gardens/silos around business models
• Admin efforts, artificial competions (grants…)
• Lots of overhead
• Only parts of the research process open
• Control in hands of obscuring third parties

We are doing science!

• Grown cultures
• Science culture deeply intervened with society and

individual´s lifes

• Science is important & fun
• We want to build something great and not just destroy

stuff!

BLOCKCHAIN

for Science

W e are doing s c ienc e!

• Grown cultures
• Science culture deeply intervened with society and

individual´s lifes

• Science is important & fun
• We want to build something great and not just

destroy stuff!

Our enemy

US AND OUR SCIENCE CULTURE #COMPLE X

What is different?

• Open Science
• Science 2.0
• Open Access
• …

This time science funding is affected!

RESEARCH CIRCLE

ACQUISITION

• Research data in Blockchain database
• Time stamped
• Immutable
• Blockchain / Real-world interface problem

BLOCKCHAINIFIED SCIENCE

TRUSTED HARDWARE

PROCESSING

• Processing through smart contracts
• Unchangeable
• Provable processing trail

ANALYSIS

• Smart evidence

NEW SUBJECT PRIVACY

RESEARCH DATA STORAGE

• Decentralized cloud
• 100% cryptography
• Storage forever?

BLOCKCHAIN SECURED DATA STORAGE

PUBLICATION

• Dynamic publications
• Micro contributions
• Standard peer-review “on the blockchain”
• Incentivation for peer-review

SCIENCE FUNDING

• Decentralized research

marketplaces

FUNDING – first ICO in Science!

FUNDING

• Create token for an idea
• Continuous coin offerings
• Grow with the project, share with your peers
• Todays Crowdfunding <=> Tokens can be sold
• The project should be ‘blockchain open’
• Value proposition ? Patent application ? …

Youth of ideas today...

Sharing with peers Patent application Publication

Commercializatio n/ Grants

Youth of ideas blockchain world...

Sharing with peers Patent application Publication

Commercializatio n/ Grants

SCIENCE FUNDING

• Expertise systems …
• Reputation systems…
• Value flow …

#COMPLE X

OPEN SCIENCE ECOSYSTEM

• Expertise systems …
• Reputation systems…
• Value flow …

#COMPLE X

PAIN POINTS

PAIN POINTS

• Identity

– Soverin ID – ORCID? – Can ORCID withstand economic pressure? – Traditional trusted third parties? – Social network for scientists?

PAIN POINTS

• Technical setup ?

– We have trusted third parties – No mining necessary – We already have the best mining BFS: Bitcoin – Combine different blockchains – Ongoing development – How much technical decentralization does science really need?

BUT: Brewer triangle / CAP - THEOREM

Consistency Availability Decentralization

BUT: Brewer triangle / CAP - THEOREM

Consistency Availability Decentralization

BUT: Brewer triangle / CAP - THEOREM

Consistency Availability Decentralization

Supernodes

Something at stake

“Trusted channels”

e.g. through smart contracts that put something at stake, Negotiated, e.g. Ripples “State channels”

Availability limited through how much they trust

PAIN POINTS

• Technical setup

– Combine many setups – Centralized, non blockchain services will co- exist, for ‘worthless’/minor transactions – Legal issues – Delegate proof-of-stake – Permissioned BC does not mean …

@vldgunter @sherminvo

PAIN POINTS

• System gamers
• Trust in reserch results???
• UI challenges
• Governance
• Communication, wording, …

IMPLEMENTATION

And all the rest.. Collectively address the real issue of control and governance of public research. @protohedgehog

And all the rest.. Collectively address the real issue of control and governance of public research. @protohedgehog

Let´s unslice the pie!

First international conference

• n Blockchain for Science

and Knowledge creation

5th – 6th of November, Berlin www.blockchainforsciencecon.com

List of Blockchain for Science projects Open Science Ecosystem Telegram

Ideas?

• Ideas
• Concepts
• Observations
• New sparks
• New interpretations
• Serendipities
• ...