Blockchain

Ami Turgman

Principal SDE

Partner Catalyst

July 2017

Rethinking peer-2-peer protocols

Agenda

• Blockchain?
• Bitcoin
• Ethereum & Smart Contracts
• Partner Catalyst
• Microsoft's Vision
• From the news

Bitcoin
The Internet of Money

• Decentralized
• Easy to set up an "account"
• It's (kind of) anonymous
• Completely transparent
• Near-free Transaction fees
• Fast
• Non-repudiable

Charachteristics

Ethereum

Smart Contracts

• The heart of the Ethereum blockchain
• Written by coders
• Describe a set of conditions that will control who gets a pre-deposited amount of money
• Describe who will get to decide what happens with a pool of coins
• Much like regular legal contracts (excepted to disrupt the industry)
• No judges to make decisions at their discretion
• Blockchain participants will run the smart contract code to decide what’s the outcome of a transaction
• There’s only one way to “interpret” a smart contract, and that’s the way a computer would
• The intent of the contract writer does not matter, nor does the understanding of any counter party.
  The only thing that matters is what’s in the code.

Scenarios

by ethereum.org

• Creating a new crypto currency
• Kickstart your project with untrusted crowd sale
• Create democratic autonomous organization

Microsoft and Blockchain

Go over "WW Blockchain Community - Weekly Newsletter" emails and gather info/summary