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Blockchain:Largest Technology Opportunity Since the Internet

Kevin Jenkins

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A FEW QUESTIONS TO BEGIN: Who has heard of Blockchain?

Who can explain Blockchain?

Who has completed any transactions that used Blockchain?

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BLOCKCHAINAn efficient decentralized transfer of digital transactions via a network

INTERNETAn efficient decentralized transfer of digital information via a network

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Database (with copies replicated across multiple locations or nodes)

of transactions (between two or more parties)

split into blocks (with each block containing details of the transaction such as the seller, the buyer, the price, the contract terms, and other relevant details)

which are validated by the entire network (via encryption by combining the common transaction details with the unique signatures of two or more parties. Valid if the result of the encoding is the same for all nodes)

and added to the chain of prior transactions (as long as the block is validated).

BLOCKCHAIN IS…

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BLOCKCHAIN IS NOT BITCOIN

Disruptive

Open to Free Innovation

New Currency

Efficient

Cost Reducing

Interoperable

Peer-to-peer Network

Transparent

Cryptographic Methodologies

Bitcoin Blockchain

How do people pay each

other electronically without

Financial Institutions?

How digital transactions are

processed electronically

without an intermediary?

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HOW BLOCKCHAIN WORKS…

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HOW BLOCKCHAIN WORKS…Today Tomorrow

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TREMENDOUS BENEFITS… Lower transaction costs Faster transactions Empowered users Disintermediation & trustless exchange High quality data Durability, reliability, and longevity Security Transparency and immutability Ecosystem simplification

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CHANGE ON THIS SCALE IS A MARATHON NOT SPRINT

20162008 2009 2011

Satoshi NakamotoIntroduced the world to Bitcoin through a whitepaper

Bitcoin: A Peer-to-Peer Electronic Cash System

1st Bitcoin Transaction

Bitcoin Marketplace

Market cap > $1B – 10x growth

1 BTC = $31.91

R3 FormedConsortium of 40 financial groups to explore Blockchain

Gem Health Network: connected healthcare through Blockchain

NASDAQ commits to Blockchain trial

2010

Market cap > $1M USD

2013

Ethereum Project – using Blockchain for Smart Contracts

2014 2015

Chain.com receives $30M from Visa, Capital One and other FinSERV

You Decide What is Next

$1B+ Already Invested in Blockchain

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WHY NOW…

1990 1995 2000 2005 2010 2015 2020 20250

10000

20000

30000

40000

50000

60000

70000 Internet GrowthGBps

Blockchain is Here

US Google Search Trends

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OPPORTUNITIES ARE ENDLESS...

Securities

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Smart Contracts

Digital Currency

Record Keeping

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• Equities• Debt• Crowdfunding• Derivatives

• Digital Rights• Wagers• Escrow

• Global Commerce

• P2P, B2B, M2M

• Microfinancing

• Healthcare• Ownership• Voting• IP

Blockchain

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TODAY, 2 BILLION ADULTS REMAIN WITHOUT A BANK ACCOUNT

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DISRUPTION WITH GRIDSINGULARITY• $2-7B Smart Grid

Opportunity in US

• Connects Local Power Generators – you and your neighbors distribute solar to consumers

• Sorry Utility Monopolies – the end is near :/

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WORDS OF WISDOM…Bullish Blockchain Entrepreneur

• Improve open networks - solving the hard problems, proving the skeptics wrong

• Frugality with VC money - it will probably take longer than you think!

• Continue perseverance - you are trying to create a new way of doing things – for better or for worse, and however it may end up

Observing on Sideline

• Continuous learning - keep reading, talking, learning, and understanding.

• Question the status-quo - challenge the hand-wavers if something doesn’t sound or feel right

• Stay optimistic - keep watching the evolution of this space, the future is exciting!

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Thank You

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IF YOU LIKE TO DREAM BIG AND PUSH THE BOUNDARIES OF ENTREPRENUARSHIP...

Contact Me:

KEVINJENKINSFLOW@GMAIL.COM

Kevin Jenkins