THE BLOCKCHAIN

REVOLUTION

CHUKS
“
INTRODUCTION
”
HISTROICAL EVOLUTION OF BUSINESS

 COLONIAL AGE (AGRICULTURE, LARGE FARMS etc)

 INDUSTRIAL AGE (Discovery of Steel, MACHINERIES,
Entrepreneurs)
 PRODUCTION (Increased Production Speed, Assembly
line)
 SALES & MARKETING
 INTERNET
 BLOCKCHAIN???
 WHY THE BLOCKCHAIN?

 THE TRUSTLESS PARADIGM

 SAVE ON COMMISION
 P2P
 SECURITY OF TRANSACTIONS
 SEAMLESS TRANSACTIONS
 NO RISK OF DEFAULT
 IMMUTABILITY(NO FALSIFICATION) OF RECORDS
 BUILDS TRUST AND CREDIBILITY
 FURTHER BRIDGES THE GLOBAL GAP
 WHAT THEN IS THE BLOCKCHAIN?

 DISTRIBUTED DATABASE WITH SECURE RECORDS

 USES DISTRIBUTED COMPUTING TECHNOLOGY AND

CRYPTOGRAPHY

 STRING OF BLOCKS(RECORDS OF DATA THAT IS

ENCRYPTED) EACH HAVING A UNIQUE IDENTIFIER AND A
TIME STAMP.
“ WHAT MAKES IT VERY
SECURE?
”
FEATURES OF THE BLOCKCHAIN
FEATURES OF THE BLOCKCHAIN

 DECENTRALIZED
 OPEN LEDGER
 DISTRIBUTED LEDGER
 PEER-2-PEER
 TIME STAMP
 CONSENSUS ALGORITHM
“
TOKENONOMICS
”
CRYPTOCURRENCY!!!
 BITCOIN PIZZA

On May 22nd 2010, Laszlo Hanyecz agreed to pay

10,000 Bitcoins for 2 Pizzas, that 10,000 Bitcoins is
worth $60 Million today
 TOKENS: THE INCENTIVES OF A
BLOCKCHAIN
 THE INCENTIVES OF THE BLOCKCHAIN
 LIMITED SUPPLY
 INCREASED DEMAND
 GUIDES AGAINST INFLATION
 INCREASED WEALTH
DOWNSIDES OF THE BLOCKCHAIN

 ENERGY CONSUMPTION
 SPEED OF TRANSACTION
CONCLUSION

In 2017, Google reported BITCOIN alone was the second

Biggest search in Global News & Robert Kiyosaki said it
was the “No1 thing asked about among his “Rich Dad
Community”.