Redefining Security with the Blockchain by William Mougayar
-
Upload
the-business-blockchain -
Category
Business
-
view
4.305 -
download
0
Transcript of Redefining Security with the Blockchain by William Mougayar
© 2015 William Mougayar
Georgian Partners 2015 Conference William Mougayar
Security First Keynote
Redefining Security with the Blockchain
Thompson Hotel, November, 11 2015
© 2015 William Mougayar 2
CryptographyScience
BLOCKCHAIN
SoftwareEngineering
CryptographyScience
GameTheory
© 2015 William Mougayar
vvv
The Blockchain:Alphabet Soup or Full-Stack?
Consensus
Identity
Zero Knowledge
Mining
Distributed Ledger
Smart ContractsIdentity
KeysConsensus Blocks
Cryptocurrency
Tokens
PermissionlessPermissioned
Messaging
Hash Tables
IdentityKeys
StorageMessagingLanguages
Transaction LedgerConsensus Method
TokensMiningNodes
P2P
Nodes Reputation
File System P2P
© 2015 William Mougayar
© 2015 William Mougayar
vvv
BLOCKTECH in FINANCIAL SERVICES Landscape
INFRASTRUCTURE & BASE PROTOCOLS
MIDDLEWARE & SERVICES
Public Special
Services Software Development Special APIsGeneral APIs Platforms Smart Contracts
MinersPayment
APPLICATIONS & SOLUTIONS
By William Mougayar © 2015 1.6
Exchanges Brokerage
Banks
Money Services
Investments
Trading
Capital Markets
Hard WalletsSoft Wallets
ATMs
Payroll & Insurance
Payments
ComplianceMerchants
Supply Chain
Source: http://startupmanagement.org/2015/10/22/the-global-landscape-of-blockchain-companies-in-financial-services/
Financial Data
Microtransactions
© 2015 William Mougayar 7
…But Blockchains Aren’t Perfect• Not sufficient on their own for many
applications• Because data is public• Need other technology and solutions
alongside blockchains• Private blockchains
• Zero Knowledge Proofs
• Ring signatures
© 2015 William Mougayar 8
Don’t re-invent decentralized security, there are new platforms Security and Privacy in the design, not as an after-thought
The Good News
© 2015 William Mougayar 9
Some Questions• Big problems with big databases• Privacy of customer information• Speed of financial settlements• Security of applications data• Online identity ownership Is the Web really secure?
© 2015 William Mougayar 10
What is Really Challenging Security?•Consensus engines on blockchains•Decentralization of computing architectures •Peer-to-peer clients
William Mougayar
© 2015 William Mougayar 12
A Decentralized cloud platform with guaranteed privacy.
Private data is stored, shared and analyzed without ever being fully revealed to any party
Secure multi-party computation Powered by the Bitcoin blockchain enigma.media.mit.edu
© 2015 William Mougayar 16
Traditional Web App• Client-side Javascript code run in
browser• Server-side code run by a host
dApp web3 • Client-side code in special browser• Blockchain ledger as a shared
resource• Smart logic runs on virtual network
of computers
A New Platform for Building Decentralized Applications.
ethereum.org
© 2015 William Mougayar 18
Implications for the Future1. Secure data in applications2. Decentralize user data to protect it3. Learn Blockchains and
Decentralization technologies4. Write smart contracts on new / thin
cloud architectures (no servers)5. Rethink identity ownerships for your
customers
© 2015 William Mougayar 19
The Times They Are A-Changin’Bob Dylan, 1964
The slow one nowWill later be fastAs the present nowWill later be past
© 2015 William Mougayar
William MougayarInvestor . EntrepreneurBlogger . Board Member
http://startupmanagement.org@wmougayar
thank you