Digital Trends: Blockchain and FinTech
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The document discusses various digital technologies and whether they are real trends or hype. It analyzes technologies like blockchain, cryptocurrencies, AI, IoT, cloud computing, and more. While some technologies like cloud computing are clearly real trends, others like blockchain and ICOs still have significant hype and need more time to emerge. The document provides examples of real blockchain applications today and discusses decentralized organizations and token mechanics. It argues that blockchain and decentralization can provide benefits like transparency, security, and reducing costs by cutting out middlemen.
Digital Trends: Blockchain and FinTech
- 1. Digital Trends: Real or Hype? Trends in the Digital Technologies: Blockchain, FinTech, IoT, Cloud, Big Data, AI, Open Banking APIs, … Svetlin Nakov Inspiration Manager Software University http://softuni.bg
- 2. 2 Software engineer, trainer, entrepreneur, PhD, author of 10 books, blockchain expert 3 successful tech educational initiatives: About Svetlin Nakov
- 3. 3 High-quality digital skills trainings for thousands young people SoftUni: The Largest Tech Edu in BG
- 4. 4 SoftUni: Digital Trainings Software Engineering (Intensive 2-years program) Open Trainings (IT, hardware, tech, …) Tech for Kids (Programming and tech skills: 1-6 class) Digital Marketing (7-months program) Creative & Design (11-months program) Tech High School (Tech, Creative, Startup) "Software University" Foundation (Free trainings, open content, teacher trainings, books)
- 5. 5 Technical advisor @ LockChain / LockTrip Raised ~ 10.000 ETH in token sale (Sep-Nov 2017) Quite successful: https://locktrip.com Currently LOC token holders book hotels @ 20-30% better price Educational team lead @ Academy School of Blockchain Raised ~ 50M USD in token sale (Jan-Apr 2018) https://academytoken.com Teaches blockchain classes for developers across the world Nakov – Blockchain Activities
- 6. 6 The Tech Hype Cycle
- 7. 7 Gartner: Tech Hypes 2017
- 8. 8 Recent Tech Trends Blockchain and Decentralization More hype, less real ICOs and Token Economics Big potential, but more hype, less real Crypto-Money & Crypto Payment Networks Real, but will take time Telegram raised 1.2B for their payment network
- 9. 9 Recent Tech Trends (2) Cloud 100% real, passed hype and emerges slowly Big Data Real, but still unclear Machine Learning and AI More hype than real Will emerge over the time
- 10. 10 Recent Tech Trends (3) VR and AR More hype than real Biometrics Will emerge further Still not big hype Internet of Things (IoT) Real projects + hype Will emerge more
- 11. 11 Recent Tech Trends (4) Open APIs in Fintech Real! Will emerge Finance Fintech Shift More real than hype GDPR More hype than real
- 12. 12 The Future of Banking Fintech and Digital Innovation: The Future of Banking Open Bank APIs: PSD2 (2nd EU Payment Services Directive)
- 13. 13 The "old financial players" will be no longer the monopolist in: Open Banking APIs: Monopoly Ends Landing & Loans Peer-to-Peer Landing is Coming Investments ICOs are Already Here Currency & Payments Tokens and Cryptocurrencies are Already Here Asset Exchange Decentralized Exchanges are Coming
- 14. 14 What is Blockchain? Distributed ledger Peer-to-Peer network Nodes hold ledger of facts + history of updates Decentralized (no owner) Secure Transactions are verified by the entire network Immutable
- 15. 15 Blockchain == Chain of Data Blocks Demo: https://etherscan.io timestamp block_hash all_transactions_hash transaction #1 hash transaction #2 hash transaction #3 hash … Block #0 (genesis block) prev_hash nonce timestamp block_hash all_transactions_hash transaction #1 hash transaction #2 hash transaction #3 hash … Block #1 nonceprev_hash timestamp block_hash all_transactions_hash transaction #1 hash transaction #2 hash transaction #3 hash … Block #3 prev_hash nonce
- 16. 16 Blockchain Applications Decentralized applications Removing the middlemen Cryptocurrencies Digital money with no central bank Digital investments Fund raising / ICO / token sales
- 17. 18 Token mechanics == flow of tokens inside your DApp ecosystem Users should have a good reason to buy and sell tokens! This should survive for long term, increase as the ecosystem grows Utility token == prepaid product or service E.g. LOC tokens are prepaid payments for hotel booking Security token == ownership of asset (tradable equity) E.g. share of some company, business, dept, deposit, other Fall under securities regulations (at least in the United States) Token Mechanics
- 18. 19 Decentralized Organizations Decentralized Data All data is public, transparent, and accessible to everyone Decentralized Processes Processes in the organization have no central point of control Decentralized Governance Stakeholders solve disputes, distribute incomes, drive the organization's future
- 19. 20 Taxi rides DApp on the blockchain (or at other DApp platform) Passengers request rides See the drivers around and get matched with a driver Each ride ends with a payment (through a smart contract) Drivers join and publish their location See, take and serve rides Collect payments (tokens) and feedback (rating) The DApp have no owner and it is unstoppable DAO Example: Decentralized Uber
- 20. 21 Why Blockchain & Decentralization? Transparency Security Traceability Reduced Costs Cut-Out the Middleman
- 21. 22 Blockchain for the Big Industries Finances Supply Chain Healthcare Government Forecasting Insurance Mobility Voting
- 22. ? Tech Trends: Real or Hype?
- 23. License This course (slides, examples, demos, videos, homework, etc.) is licensed under the "Creative Commons Attribution- NonCommercial-ShareAlike 4.0 International" license 24
- 24. Trainings @ Software University (SoftUni) Software University – High-Quality Education, Profession and Job for Software Developers softuni.bg Software University Foundation http://softuni.foundation/ Software University @ Facebook facebook.com/SoftwareUniversity Software University Forums forum.softuni.bg