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Cryptoassets & Tokenization
Alan Wunsche
CEO, TokenFunder
November 28, 2018
AGENDA
1. Blockchain Update
2. Blockchain 2020
3. Q&A
2
Alan Wunsche
CEO, TokenFunder@alanwunsche @TokenFunder
3
Crypto Dawn (2008)
Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer
network. The network timestamps transactions by hashing them into an ongoing
chain of hash-based proof-of-work, forming a record that cannot be changed
without redoing the proof-of-work. The longest chain not only serves as proof of the
sequence of events witnessed, but proof that it came from the largest pool of CPU
power. As long as a majority of CPU power is controlled by nodes that are not
cooperating to attack the network, they'll generate the longest chain and outpace
attackers. The network itself requires minimal structure. Messages are broadcast on
a best effort basis, and nodes can leave and rejoin the network at will, accepting
the longest proof-of-work chain as proof of what happened while they were gone.
2008
6
Crypto Party 2017
7
Evolution of the Internet, Knowledge, Commerce
8
“Web 1” “Web 2”
Centralization
Social Network +
Knowledge Network +
Commercial Network +
Mobile. Apps +
“Sharing” Network
Public Blockchains => “Web 3”
2009 - ??
“Web 1” “Web 2” “Web 3”
Centralization Decentralization
10
Crypto Reality 2018
11
Tokenized Shares
Now Available
Nov. 2018
Blockchain 20/20
12
1. The changing nature of
money and the fintech
revolution
• Money itself is changing. Micropayments. Cashless
• Cryptocurrencies such as Bitcoin, Ethereum, and Ripple are vying for a spot in
the cashless world
14
2. A case for Central Bank
Digital Currencies
• A digital currency would be a liability of the state, like cash today, not of a
private firm.
• Security and consumer protection. Without cash, too much power could fall into
the hands of a small number of outsized private payment providers.
• Privacy… fully anonymous digital currency? Certainly not. Doing so would be a
bonanza for criminals. 15
3. Downsides of Bank
Digital Currencies
• Risks to financial integrity. Tradeoff between privacy and financial integrity
• Risks to financial stability. CBDC could exacerbate the pressure on bank deposits.
• Risks to innovation. the central bank focuses on its comparative advantage—
back-end settlement—and financial institutions and start-ups are free to focus
on what they do best—client interface and innovation 16
Blockchain Technology “Hype Cycle”
Gartner, July 2018.
18
19
Vision for a Decentralized Investment Experience
20
21
Thank You!
Alan Wunsche
CEO, TokenFunder
alan@tokenfunder.com
@alanwunsche @TokenFunder
www.TokenFunder.com

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VF2018: Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, Founder and CEO, Tokenfunder)

  • 1. Cryptoassets & Tokenization Alan Wunsche CEO, TokenFunder November 28, 2018
  • 2. AGENDA 1. Blockchain Update 2. Blockchain 2020 3. Q&A 2 Alan Wunsche CEO, TokenFunder@alanwunsche @TokenFunder
  • 4. Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. 2008
  • 5.
  • 7. 7
  • 8. Evolution of the Internet, Knowledge, Commerce 8 “Web 1” “Web 2” Centralization Social Network + Knowledge Network + Commercial Network + Mobile. Apps + “Sharing” Network
  • 9. Public Blockchains => “Web 3” 2009 - ?? “Web 1” “Web 2” “Web 3” Centralization Decentralization
  • 13.
  • 14. 1. The changing nature of money and the fintech revolution • Money itself is changing. Micropayments. Cashless • Cryptocurrencies such as Bitcoin, Ethereum, and Ripple are vying for a spot in the cashless world 14
  • 15. 2. A case for Central Bank Digital Currencies • A digital currency would be a liability of the state, like cash today, not of a private firm. • Security and consumer protection. Without cash, too much power could fall into the hands of a small number of outsized private payment providers. • Privacy… fully anonymous digital currency? Certainly not. Doing so would be a bonanza for criminals. 15
  • 16. 3. Downsides of Bank Digital Currencies • Risks to financial integrity. Tradeoff between privacy and financial integrity • Risks to financial stability. CBDC could exacerbate the pressure on bank deposits. • Risks to innovation. the central bank focuses on its comparative advantage— back-end settlement—and financial institutions and start-ups are free to focus on what they do best—client interface and innovation 16
  • 17. Blockchain Technology “Hype Cycle” Gartner, July 2018.
  • 18. 18
  • 19. 19
  • 20. Vision for a Decentralized Investment Experience 20
  • 21. 21
  • 22. Thank You! Alan Wunsche CEO, TokenFunder alan@tokenfunder.com @alanwunsche @TokenFunder www.TokenFunder.com