10/26/2018 Meeting notes

Owned by Markeisha Ensley
Last updated: Nov 15, 2018 by Parixit Dave


Date



Meeting goals


  • Explore, connect and learn about blockchain

Today's Agenda

TimeItemWhoNotes
10 minsIntroduction

Parixit Davé

etc.cuit.columbia.edu



Presentation/Workshop

Brian Rogers - Co-Founder, Columbia Blockchain Alliance

Nir Kabessa - President, Blockchain at Columbia

A Distributed Future: Blockchain and its Potential

Workshop co-presented by Columbia Blockchain Alliance and Blockchain at Columbia

An interactive workshop jointly presented by Columbia Blockchain Alliance and Blockchain at Columbia. The workshop will dive deep into the technology and actual use cases of Blockchain. By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Virtually anything of value can be tracked and traded on a blockchain network.


Brian Rogers - Co-Founder, Columbia Blockchain Alliance

Nir Kabessa - President, Blockchain at Columbia



Brian Rogers

Columbia Blockchain Alliance

What is Block Chain?


  • Created out of a need to decentralize information
  • Announce ---> Show amount of transaction (block created) → crypt validators -→validators solves problem -→block is added to chain
  • Bitcoin (locked in supply of 21 million coins)
  • Mechanisms
    • Proof of Work - Bitcoin
    • Proof of Stake - involving user's stake of ownership
    • Proof of Authority
  • Blockchain is virtually unhackable currently

Buying Bitcoin

  • Centralized Exchanges (Coinbase, etc)
  • Decentralized Exchanges
  • Peer to peer

Block Chain

  • 2 types: permission and permissionless
    • Dapp - decentralized app
    • Smart Contract - self-executing contract
      • AXA - airline delays - passenger automatically gets money
      • allows representation of anything with value
  • Protocol tokens/coins: bitcoin
  • App/asset tokens: non-standardized

Nodes

Regulation

Permissioned Private Ledgers

  • Examples: State of Delaware - equity, BMW, Ford





Nir Kabessa - President, Blockchain at Columbia

Today's Uses of Blockchain

  • Trustless voting - anonymous, but transparent voting
    • governments, company boards
    • Democracy Earth, Agora (Sierra Leone elections)
  • Identity and personal data
    • refugee identities, medical health records
  • Tokenization
  • Managing digital scarcity
  • IBM - Food trust, managing produce shipments with Walmart
  • Content management
    • Bit rights (managing songs, copyrights)
    • media platforms (Spotify, etc).
    • Attention Economies - decentralized ads
      • ads between consumers, advertisers, publishers
  • Decentralized File storage and compute
  • Clearing and settling money
  • Incentivize Work - Ncent



Q&A

What will drive blockchain in the future?

  • regulation
  • applications



New Members to add