A database for the planet - Scot Chain Edinburgh - Nov 11, 2016
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Bruce Pon, CEO of BigchainDB talks about a database for the planet and mass adoption. But to reach everyone, it will need scale and the possibility for interoperability with legacy systems.
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A database for the planet - Scot Chain Edinburgh - Nov 11, 2016
- 1. Database for the Internet A database for the planet ScotChain, Edinburgh Nov. 11, 2016 Bruce Pon @brucepon
- 2. - Erik Brynjolfsson Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.
- 3. Blockchain technology allows The Digitization of Value • Next wave of digitization • Weave into the fabric of our society • Larger than the internet
- 4. The Internet Drove the Digitization of Information Knowledge freely shareable for the world spawned billion dollar companies: - Amazon - Google - Facebook Gave voice to the powerless Connected the powerful
- 5. The blockchain is a truly open, distributed, global platform that fundamentally changes what we can do online, how we do it, and who can participate. Call it the world wide ledger. The Internet of Everything needs a Ledger of Everything. - Don & Alex Tapscott
- 6. Digital Assets Digital assets which have value and can’t be copied. TOKENS TICKETS SECURITIES CREDIT CURRENCY
- 7. BACK OFFICE EFFICIENCY SUPPLY CHAIN RISK MODELS Unlocks Data Lakes and Big Data Tools Data Transparency
- 8. Asset Sovereignty $ BANK COURT EXCHANGE Own your private data, intellectual property, financial assets, land property without the reliance on others to secure it. A global network that allows assets to “live” within.
- 9. Image Credits: Ripple Blockchain Technology will Impact $100 Trillion in Value
- 10. Truly Yours
- 11. Agenda Intellectual Property $25 Trillion Digital wants to be an Asset Class Land Property $50 Trillion
- 12. Agenda All creation is digital now. assets are
- 13. CC BY-SA 3.0 File:Grand-Bazaar Shop.jpg Uploaded by Dmgultekin Created: 22 July 2010 The Internet is Like a Bazaar Consumers want content but if it’s not on iTunes or Amazon, they go to Google: Search for content Find it Right click ‘Save As…’
- 14. Agenda “Google” meets “iTunes” Search, Right-click, Buy Registry Licensing Discovery
- 15. Bitcoin derived blockchains cannot be used in for mass adoption because of limits to scaling, interoperability, and security Throughput 2 transactions per second isn’t enough Latency 10 minutes is too slow Capacity 80GB is laughable for a database Performance Decreases as nodes are added Query Not indexed or queryable Novelty Tech stack is bleeding edge Current Blockchains Are Unsuitable 15
- 16. What is a Blockchain? The sum of its parts? Database EncryptionConsensus
- 17. What is a Blockchain? What features it brings? Decentralized Asset Autonomy Immutable A pragmatic definition that allows for an expanded opportunity surface and blue ocean thinking
- 18. AgendaTwo Ways to Scale Up 1 Big Data-fy Blockchains 2 Blockchain-ify Big Data … but how to blockchainify? Build on person-decades of work Significant scalability hurdles Build on person-centuries of work Scalability challenges already resolved or
- 19. BigchainDB looks, acts and feels like a database. Enterprises can deploy blockchain applications quickly and integrate to existing systems Designed for Enterprises Throughput 100,000 transactions per second Latency Sub-second Capacity Petabytes Performance Improves as nodes are added Query Indexed and queryable Novelty Leverages existing DBs & systems 19 Complimentary to Ethereum, Bitcoin, Hyperledger and other Blockchain Technology
- 20. AgendaIt Works Like the DNS – Domain Name System MongoDB consensus Consistent and Resilient Blockchain consensus Trust is distributed BigchainDB Federation MongoDB Platform ALICE BOB
- 21. AgendaBest of Two Worlds More at: bigchaindb.com/whitepaper BIG DATA DATABASESBITCOIN BIGCHAINDB Immutability Decentralized control Asset autonomy High throughput Low latency High capacity Access permissioning Query & search
- 22. AgendaKey Enterprise Features Security & Privacy Key distribution infrastructure allows network participants to identify new members and members to have full control to selectively grant data access Data Immutability Suppression of internode communication and DB admin activities guarantees that data can’t be modified Massive Scalability Pipelining of events into a backlog table allows block creation every second with transaction validation in parallel. Throughput of 100k+ transactions per seconds Business Logic Automation Circuit inspired crypto-conditions allow business logic automation and escrow. If/Then simple contracts can be triggered with multisig, time and hash locks Robust Architecture Inherits the performance and scalability of the underlying database substrate. Customers can choose their preferred database substrate to minimize integration and interoperability barriers
- 24. @brucepon [email protected] Consult Ideate Train Run Proof-of-Concept