Blockchain, Bitcoin and Smart Contracts and the Future of Security | Highlights from RSAC 2018

I think it’s really important to
distinguish between blockchain and
cryptocurrency basically a blockchain is
one implementation of a distributed
ledger the coin is digital money so a
transaction is just sending from Alice
to Bob crypto currencies use block
chains to store their transactions
ranging in between 250 billion and up to
750 billion dollars in total assets
across the space you also probably know
that this financial asset has been used
on dark markets but contrary to what you
might read in the press on any given day
the market share of this activity has in
fact been dramatically falling there was
this really big peak in January and that
was actually an interesting situation
that happened there was a game called
crypto kiddies it counted for 13% of all
transaction fees the rack on the network
the network really slowed down people
weren’t using it it kind of it kind of
really just showed people that there
needed to be a lot more scaling
solutions on etherium and you can
actually use a blockchain ledger to
store many things that aren’t
cryptocurrency transactions I think one
thing that I’m paying particular
attention to is identity management and
reputation services this was really a
way for us to think through how do we
solve identity management problems
differently using blockchain so someone
moved to the u.s. from a different
country they don’t really have as much
of a credit history in the u.s. even
though despite they might have had a
great credit history in their own
country and so as you move to all these
different places and you use all these
different financial services you this
this reputation doesn’t carry with you
so our vision really is to have one
shirt identity across the three
different touchpoints in your health
episode of care we start with having you
know what we call a a portable ID that’s
stored in the blockchain there are
the applications for this kind of a
portable ID concept across other sectors
as well with open blockchain
transactions with these types of
currency transactions you need more
information to contextualize individual
transactions to understand what they
constitute if you have an encrypted
blockchain then you can obfuscate all of
the transactions that are happening and
so anyone who views the blockchain
doesn’t actually learn anything about
the data that is being sent like you can
verify that things happens but to gain
greater context about how they connect
to the real world or how traceable all
these different things you need a lot of
expertise you all work in various
industries I highly recommend thinking
about how smart contract logic can
really help make your industry more

1 thought on “Blockchain, Bitcoin and Smart Contracts and the Future of Security | Highlights from RSAC 2018

  1. I really believe that smart contracts are future of the legal profession. Quick, secure, non-expensive, my hopes are in ContractVault project. Take a look, quite interesting.

Leave a Reply

Your email address will not be published. Required fields are marked *