blockchain economics and its recent development

2020-02-27 234浏览

  • 1.Blockchain economics and its new trends Guo Yong Co-founder Sinofintech
  • 2.Blockchain and its major features • Blockchain is a tamper-resistant software system (Trust) • The system is distributed network (Distributed) • We use it to record shared states and their changes through transactions (Ledger) • The state changes are made through the Internet without needing a third-party (Decentralized) • Network participants know how to agree on adding the valid new changes (Consensus) • We can embed rules in the transaction. Code is law. (Smart contract) • We have chains based on accessibility. (Public and private) • We have pegged chains and chains on chains. (Interchains and sidechains)
  • 3.Where we are in the data network evolution centralized Main Frame Internet AI, big data PC automation Mobile, IoT information Blockchain society decentralized
  • 4.Why decentralized - case study in central banking Total crypto market $240B Total equity market $71T Global Economy GDP $80T Global Debt $213300T After the 2008 financial crisis, the Federal Reserve purchased large quantities of financial assets, primarily U.S. Treasury and agency mortgage-backed securities. This unconventional monetary policy, so-called “Quantitative Easing”, expanded the Fed’s balance sheet from less than $900 billion before the crisis to about $4.5 trillion today, which include about $2.5 trillion in Treasuries and $1.8 trillion in mortgage-backed securities (MBS). In October 2014, the Fed stopped its QE program but has continued to reinvest the proceeds from maturing bonds to maintain the overall size of its
  • 5.Programmable society and cryptoeconomics • We are on the brink of a digitalized economy. The whole society are re-organizing based on the information infrastructure we built during the last 40 years, from information highway -> web/mobile -> internet of things -> internet of money -> internet of people • All key industrial and commercial sections are to undergo similar process to unite data source and business logic as we see today in financialworld:retail, supply chain, education, healthcare etc. • There are various types oftokens:security, utility, commodity, crypto asset fund etc.
  • 6.Blockchain ecosystem •Payment:Stellar/Ripple/Metal/Interledger •Privacy:Dash/Monero/Zcash • SmartContracts:EOS/Ethereum/Cardano/RSK/BOSCoin/NEO •Scaling:Truebit/Raiden/Lightning Network/Plasma •Oracles:Oraclize/ChainLink •Security:Zeppelin/Gladius •Interoperability:Polkadot/Cosmos/AION/BTC Replay/SimpleToken •DAGs:IOTA, ByteBall •Identity:Civic/Evernym/Uport/TrustStamp/Shocard •Stablecoins:Nubits/Stabl/Basecoin/Digix • Trading/DEX:0x/Omise/Bancor/dYdx/Airswap/Counterparty/Kyber network/EtherDelta •Insurace:InsureX/AIGang/ChainThat/Etherisc •Lending:SALT/Wetrust/dharma/ETHLend • InvestmentManagement:Numerai/Blockchain Capital
  • 7.Challenges • Paradigm adoption • Energy consumption and centralization of the miners • Blockchain storage • Scalability and performance • Security • Regulation and compliance • Crypto-asset appraisal and investor protection