Towards a Post-Modern Hash Chain Future

Toward a

Post-Modern

Blockchain

Future

Casey KuhlmanCEO, Eris Industries

@compleatang@eris_ltd

What is a Blockchain?

A Blockchain = A Network of Blockchain Clients

Blockchains (Both Public and Permissioned)

Characteristics● History Rules – Let's agree on what the worldstate of data is and was.● Signature Authority Rules – Let's agree on our ability to write to the data set.● Network Rules – Let's agree how to talk to each other.

Benefits● Incredible Verifibility● Systemic Resiliency

Challenges● Privacy● Slow

Public Blockchains

Characteristics● Economic Solution for Consensus● Fully Immutable History

Benefits● Censorship Resistence● Data Permanence

Challenges● Expensive● Can It Do What A Developer Needs It To Do?

Public Blockchains

Public blockchains come in two flavo(u)rs:

Transaction-optimized● Give developers: verifiable title transfer

● Examples: BTC, SkuChain, most of the “coins”

Logic-optimized● Give developers: verifiable process+title transfer

● Examples: ETH

Permissioned Blockchains

Characteristics● Semi-Immutable History● Capabilities Based Permissioning

Benefits● Fully Verifiable Business Processes ● Stakeholder Coordination History

Challenges● Slower than existing data solutions● Do not purport to change existing political power dynamics

Permissioned Blockchains

Permissioned blockchains come in two flavo(u)rs:

Transaction-optimized● Give developers: verifiable title transfer

● Examples: MultiChain

Logic-optimized● Give developers: verifiable logic+title transfer

● Examples: Tendermint

Same DNA, Different Environment

with eris...

Private & Confidential

Blockchains give us verifiable DATA

Smart Contracts give us verifiable LOGIC

Smart Contracts

Characteristics● Scripts Saved in a Blockchain● Almost every Blockchain is capable

● Capabilities vary

Benefits● Verifiable, Distributed Process Assurance● Multi-Stakeholder By Design

Challenges● Reactive● “Reach” limited to the blockchain they live on

What is Being Done With Smart Contracts?

Industrial Applications

● Finance

– Bond origination

– Trade finance

● Insurance

– Real-time policy coverage

– Self-organizing mutuals

● Construction & Health Care

– Supply chain tracking

– Automated job tracking & payments

Governance Applications

● Poverty reduction

– Grant management

– Administration of public benefits dispensation

● Public goods

– Drone airspace auctioning

– Mesh network connectivity

● Open Data

– Publications Transparency

– Budget transparency

New applications

● Distributed process

– Information Age Guilds

– P2P on-demand platforms

● Process assurance

– Community based lending mechanisms

– Education certification schemes

● Sophisticated Sig Rules

– Distributed employment

– Distributed content

eris

The Blockchain Application Platform

Blockchain Application Design

The eris Platform

● Drastically reduces complexity of operating and developing blockchain-backed applications

● Blockchain agnostic – developer chooses the appropriate blockchain(s) for their application

● Embraces a harmony between the distributed computing camps (P2P tech and cloud tech) by bridging the two

● Smart contract focused

● Distributed infrastructure optimized (cloud-ready)

● Details as to the platform available here

https://erisindustries.com