[Music]
the technology that is more likely to
change the world in the next few decades
has arrived although the technology I’m
talking about is somehow new it is
nothing but the continuity of what we
humans were trying to achieve since a
long time building trust between each
other
in order to exchange value now the
technology I’m talking about is not big
data it’s not machine learning and it’s
not even artificial intelligence what I
am talking about today is the technology
and relying the most popular
cryptocurrency that has seen its value
grow exponentially in the last few years
Bitcoin as a matter of fact I woke up
this morning and I checked the price and
it was actually hitting the wall of
$60,000 and it is huge well what I’m
trying to do today is not to define what
blockchain actually is but rather to
domestic I the concept and to show how
wonderful this paradigm is and how it
will change the core of our human
relations let’s do it this way let’s
talk about the concept of a bank how
many of you have a great relationship
with your banks raise your hand please
very good
all those who have actually a great
relationship with their banks might
change their minds the day they will
have a problem with their back advisor
and so well when we take this
institution which is the bank in its
core and why it was created at first we
see that it was created to make us trust
each other in other words the bank is
nothing but a secure centralized better
our transactions are recorded now you
might ask me why is that a problem and
let me tell you a story a few months ago
I wanted to buy a car and so hopefully I
fortunately I had enough money so I
didn’t need any funding from the bank
and so what I did is that I took my
mobile phone and they opened the bank’s
application and they moved some thousand
euros from my savings account into my
current account in order to be able to
make the payment can you imagine that
few days later I had no idea where the
money I moved was it showed nowhere in
my transactions history and so I took my
phone and I tried to call my box advisor
and well no luck in France banks don’t
open on Mondays and so that was a great
news because I continued panicking the
whole day and so I called him then the
day after and I asked him was what was
the problem and he told me and upset in
his words don’t worry sir the it might
be a problem from our IT team and we are
going to do our best in order to find
your funds that was devastating because
like I am giving you my money I will a
work wake up every morning to hardly
earn that money
I should please my manager my project
manager and so on I don’t want to hit as
I just talked to have my money back and
so the point here well a few days later
I was able to buy my car and everything
went okay but the point here is that
when we only have one central entity to
regulate our transactions or any other
value transaction we can have we call
that a single point of failure in other
words if someone succeeds in some ways
to hack a central entity’s information
system all our transactions are gone and
we are all dead and we want we don’t
want to have that now the point of
blockchain is that it will make us trust
each other and it will make us make
transactions
just as we do today with bangs but it is
achieved through the concept of what we
call a consensus in other words when I
initiate a transaction in a given
blockchain lots of computers get aware
of that transaction being initiated and
have what we call a common knowledge in
other words if I send if imagine Ayub
sends 100 euros to Alexa we blockchain
and thanks to this consensus and you
will never pretend that he sends more
than 100 euros to Alexa and Alexa can
never deny that she actually received
the money because why because every
system every computer every person on
that given blockchain in that network
has seen the transaction and actually
accepted it now
here we encounter another problem which
is actually the value let me tell you a
story a friend of mine broke up with her
boyfriend few weeks or months ago and
the boyfriend didn’t like how things
ended up and so to make pressure on her
he sent her some picture of her through
whatsapp that well shouldn’t be shared
and so even though the the boyfriend
sent the picture to my friend the thing
is that he only sent a copy of that
picture actually not the picture itself
and this is what we call the Internet of
information everything we exchanged
through the Internet
be it pictures document what or whatever
content we might have we only send
copies of what we exchanged now with the
blockchain we are entering a new era
where we can actually exchange value and
that’s what we call the internet of
value another thing is that blockchain
solved what we call the double spending
problem
so that in my last example if I send 100
euros to Alexa it is very important that
they don’t have this amount of money
anymore so I can send it to someone else
double spending problem
and so when we talk about stocks bonds
intellectual properties assets be they
music money bitcoins whatever I think
that sending a copy might be a very bad
idea thanks to the blockchain we can
trust because as a matter of fact some
people call the blockchain the trust
protocol which i think is a very great
definition or synonym of what blockchain
actually is
so with blockchain we will be able to
trust each other and also to verify that
the information I am getting is actually
the information which is true so always
trust and verify people actually
associate bit going to blockchain and
think that the two terms are synonyms
which is not true
bitcoin is the crypto currency which is
underlined by the blockchain and so
bitcoin is an asset like any other any
creep any other cryptocurrency has its
own market they can go up and down and
these are great for speculators as a
matter of fact I have been presented as
a cryptocurrencies investor which is not
true I’m just a speculator among many
others I don’t have a very yet I think
it will be able to drive it so here is
how it works well imagine that I want to
send some value some assets to someone
in a blockchain
what happens is that this transaction is
initiated and broadcasted and being
known by hundreds of thousands of
computers around the globe and then some
of those computers with high
computational capabilities start to work
in order to solve some very complicated
and complex problem under light with
cryptography and very complex algorithms
and they work out to find the result and
that result might be for example that
this person is sending this asset to
that person and this the asset that is
being sent is real and the person who is
sending it is the legitimate person to
send it and it is very important that we
make sure that the person who is sending
it don’t or doesn’t have this asset
anymore powerful is that once those
miners finish their work and they find
that result they compare the results
between each other and they found out
that yeah we have the same algorithm
result we are all ok the transaction is
good and so what happens is that we take
this transaction which also can be
called a block in the context of a
blockchain and it is added to the
previous block or that given a
blockchain and so I take a block I add
it to a chain and that gives the name of
block chain and what is wonderful here
is that no one controls it by the way we
all are central entities in the
blockchain network we all are actors we
all are here to make transactions and to
validate to very day transactions
between each other and the greater thing
here is that once a block enters a
blockchain it is there forever
no one can delete it and no one can
change its content or the content of any
other block and so imagine that someone
wants to hack a block or charge the
content of a transaction what he must do
is that he should take control of that
given block plus all the other previous
blocks at the same time across millions
of computers around the world and change
the content of a blockchain which is not
very feasible and that makes it much
more secure than all the other
acceptable entity systems that we have
today because even with the most
sophisticated security algorithms and
technologies every central entity or
every ACTA T in a nutshell can be high
act to help you understand what
blockchain actually is I have found two
use cases that might be simple to to
present the first one is this orange now
it is taken for granted that the most
tasty oranges actually come from Morocco
right and so what I want to do is that
everywhere I go in the world I want to
be sure that the oranges that are being
sold are coming actually from Morocco
and so what I a marketplace and the
person who is selling the oranges claims
that a my oranges come from Morocco I
want to trust him but I also want to
verify that what he is saying is true
and so with the blockchain we will be
able to have the ability to check the
origin of that order or any other fruit
that we can imagine and trust the
marketplaces and verify that they are
actually saying the truth there is a lot
of use case here which have been same
delight with IBM and Walmart and what
they are trying to do is that they are
trying to go to the next level of the
supply chain they want thanks to the
blockchain track all the steps from
where the oranges go through until they
find themselves in the marketplace and
this will help them know for example
that if a fruit is contagious we can see
in which place in which step it has been
a contaminant and I think that this is a
great revolution another use case is the
blockchain and the election systems we
all have ID cards right
every ID for each person is unique and
so thanks to the blockchain we can
create a voting account associated to
one ID so I can be sure that each person
can vote in one election only once
and so everyone someone wants to to vote
for his or her candidate what he must do
is to broadcast his or her decision into
a public letter which is the blockchain
and the vote will be account in real
time and so even though the letter is
public the identity of each person
remains private and that means that we
can know how many votes a candidate has
in real time without knowing who voted
for him and so this opens the door to
many solutions like the Evo fraud
detection vote in like we know that
corruption unfortunately lives well in
many countries in the world and
especially in developing countries and
so since the blockchain is a transparent
system we can also you can always verify
and check what are the results and no
one controls the results of any other of
any given election a friend of mine was
among those who were counting the votes
in the first two election in France in
some districts in Paris and I met him
right after because I was curious about
how things were going
and he told me this it’s only that while
voting he found a sheet of someone who
wanted to vote for some candidate and it
looked like this well they had some
candidates and the person loves one
given candidate which is who is an
Oracle or it might be any other one
rather than just checking the name of
that candidate they he or she wrote this
well that’s respectable but with the
blockchain we can be able to go through
disasters like this I was reading a book
from Sir stephen r.covey the aged habit
and at the end of his book he cited
Peter Drucker who is one of the
visionaries of our time who puts it this
way in a few hundred years when history
will be written from a long-term
perspective what historians will see is
not the Internet technology and not even
ecommerce it is an unprecedented change
in the human condition for the first
time literally substantial and rapidly
growing numbers of people have choices
for the first time they will have to
manage themselves and society is totally
unprepared for it well I happen to think
that the blockchain is one of the most
important paradigms that will help
achieve Peter Drucker’s prophecy and
because thanks to it we are taking
control of ourselves and thanks to it we
are becoming interdependently
independent and that makes it an idea
worth spreading that was a joy as well
as a privilege thank you
[Applause]
the technology that is more likely to
change the world in the next few decades
has arrived although the technology I’m
talking about is somehow new it is
nothing but the continuity of what we
humans were trying to achieve since a
long time building trust between each
other
in order to exchange value now the
technology I’m talking about is not big
data it’s not machine learning and it’s
not even artificial intelligence what I
am talking about today is the technology
and relying the most popular
cryptocurrency that has seen its value
grow exponentially in the last few years
Bitcoin as a matter of fact I woke up
this morning and I checked the price and
it was actually hitting the wall of
$60,000 and it is huge well what I’m
trying to do today is not to define what
blockchain actually is but rather to
domestic I the concept and to show how
wonderful this paradigm is and how it
will change the core of our human
relations let’s do it this way let’s
talk about the concept of a bank how
many of you have a great relationship
with your banks raise your hand please
very good
all those who have actually a great
relationship with their banks might
change their minds the day they will
have a problem with their back advisor
and so well when we take this
institution which is the bank in its
core and why it was created at first we
see that it was created to make us trust
each other in other words the bank is
nothing but a secure centralized better
our transactions are recorded now you
might ask me why is that a problem and
let me tell you a story a few months ago
I wanted to buy a car and so hopefully I
fortunately I had enough money so I
didn’t need any funding from the bank
and so what I did is that I took my
mobile phone and they opened the bank’s
application and they moved some thousand
euros from my savings account into my
current account in order to be able to
make the payment can you imagine that
few days later I had no idea where the
money I moved was it showed nowhere in
my transactions history and so I took my
phone and I tried to call my box advisor
and well no luck in France banks don’t
open on Mondays and so that was a great
news because I continued panicking the
whole day and so I called him then the
day after and I asked him was what was
the problem and he told me and upset in
his words don’t worry sir the it might
be a problem from our IT team and we are
going to do our best in order to find
your funds that was devastating because
like I am giving you my money I will a
work wake up every morning to hardly
earn that money
I should please my manager my project
manager and so on I don’t want to hit as
I just talked to have my money back and
so the point here well a few days later
I was able to buy my car and everything
went okay but the point here is that
when we only have one central entity to
regulate our transactions or any other
value transaction we can have we call
that a single point of failure in other
words if someone succeeds in some ways
to hack a central entity’s information
system all our transactions are gone and
we are all dead and we want we don’t
want to have that now the point of
blockchain is that it will make us trust
each other and it will make us make
transactions
just as we do today with bangs but it is
achieved through the concept of what we
call a consensus in other words when I
initiate a transaction in a given
blockchain lots of computers get aware
of that transaction being initiated and
have what we call a common knowledge in
other words if I send if imagine Ayub
sends 100 euros to Alexa we blockchain
and thanks to this consensus and you
will never pretend that he sends more
than 100 euros to Alexa and Alexa can
never deny that she actually received
the money because why because every
system every computer every person on
that given blockchain in that network
has seen the transaction and actually
accepted it now
here we encounter another problem which
is actually the value let me tell you a
story a friend of mine broke up with her
boyfriend few weeks or months ago and
the boyfriend didn’t like how things
ended up and so to make pressure on her
he sent her some picture of her through
whatsapp that well shouldn’t be shared
and so even though the the boyfriend
sent the picture to my friend the thing
is that he only sent a copy of that
picture actually not the picture itself
and this is what we call the Internet of
information everything we exchanged
through the Internet
be it pictures document what or whatever
content we might have we only send
copies of what we exchanged now with the
blockchain we are entering a new era
where we can actually exchange value and
that’s what we call the internet of
value another thing is that blockchain
solved what we call the double spending
problem
so that in my last example if I send 100
euros to Alexa it is very important that
they don’t have this amount of money
anymore so I can send it to someone else
double spending problem
and so when we talk about stocks bonds
intellectual properties assets be they
music money bitcoins whatever I think
that sending a copy might be a very bad
idea thanks to the blockchain we can
trust because as a matter of fact some
people call the blockchain the trust
protocol which i think is a very great
definition or synonym of what blockchain
actually is
so with blockchain we will be able to
trust each other and also to verify that
the information I am getting is actually
the information which is true so always
trust and verify people actually
associate bit going to blockchain and
think that the two terms are synonyms
which is not true
bitcoin is the crypto currency which is
underlined by the blockchain and so
bitcoin is an asset like any other any
creep any other cryptocurrency has its
own market they can go up and down and
these are great for speculators as a
matter of fact I have been presented as
a cryptocurrencies investor which is not
true I’m just a speculator among many
others I don’t have a very yet I think
it will be able to drive it so here is
how it works well imagine that I want to
send some value some assets to someone
in a blockchain
what happens is that this transaction is
initiated and broadcasted and being
known by hundreds of thousands of
computers around the globe and then some
of those computers with high
computational capabilities start to work
in order to solve some very complicated
and complex problem under light with
cryptography and very complex algorithms
and they work out to find the result and
that result might be for example that
this person is sending this asset to
that person and this the asset that is
being sent is real and the person who is
sending it is the legitimate person to
send it and it is very important that we
make sure that the person who is sending
it don’t or doesn’t have this asset
anymore powerful is that once those
miners finish their work and they find
that result they compare the results
between each other and they found out
that yeah we have the same algorithm
result we are all ok the transaction is
good and so what happens is that we take
this transaction which also can be
called a block in the context of a
blockchain and it is added to the
previous block or that given a
blockchain and so I take a block I add
it to a chain and that gives the name of
block chain and what is wonderful here
is that no one controls it by the way we
all are central entities in the
blockchain network we all are actors we
all are here to make transactions and to
validate to very day transactions
between each other and the greater thing
here is that once a block enters a
blockchain it is there forever
no one can delete it and no one can
change its content or the content of any
other block and so imagine that someone
wants to hack a block or charge the
content of a transaction what he must do
is that he should take control of that
given block plus all the other previous
blocks at the same time across millions
of computers around the world and change
the content of a blockchain which is not
very feasible and that makes it much
more secure than all the other
acceptable entity systems that we have
today because even with the most
sophisticated security algorithms and
technologies every central entity or
every ACTA T in a nutshell can be high
act to help you understand what
blockchain actually is I have found two
use cases that might be simple to to
present the first one is this orange now
it is taken for granted that the most
tasty oranges actually come from Morocco
right and so what I want to do is that
everywhere I go in the world I want to
be sure that the oranges that are being
sold are coming actually from Morocco
and so what I a marketplace and the
person who is selling the oranges claims
that a my oranges come from Morocco I
want to trust him but I also want to
verify that what he is saying is true
and so with the blockchain we will be
able to have the ability to check the
origin of that order or any other fruit
that we can imagine and trust the
marketplaces and verify that they are
actually saying the truth there is a lot
of use case here which have been same
delight with IBM and Walmart and what
they are trying to do is that they are
trying to go to the next level of the
supply chain they want thanks to the
blockchain track all the steps from
where the oranges go through until they
find themselves in the marketplace and
this will help them know for example
that if a fruit is contagious we can see
in which place in which step it has been
a contaminant and I think that this is a
great revolution another use case is the
blockchain and the election systems we
all have ID cards right
every ID for each person is unique and
so thanks to the blockchain we can
create a voting account associated to
one ID so I can be sure that each person
can vote in one election only once
and so everyone someone wants to to vote
for his or her candidate what he must do
is to broadcast his or her decision into
a public letter which is the blockchain
and the vote will be account in real
time and so even though the letter is
public the identity of each person
remains private and that means that we
can know how many votes a candidate has
in real time without knowing who voted
for him and so this opens the door to
many solutions like the Evo fraud
detection vote in like we know that
corruption unfortunately lives well in
many countries in the world and
especially in developing countries and
so since the blockchain is a transparent
system we can also you can always verify
and check what are the results and no
one controls the results of any other of
any given election a friend of mine was
among those who were counting the votes
in the first two election in France in
some districts in Paris and I met him
right after because I was curious about
how things were going
and he told me this it’s only that while
voting he found a sheet of someone who
wanted to vote for some candidate and it
looked like this well they had some
candidates and the person loves one
given candidate which is who is an
Oracle or it might be any other one
rather than just checking the name of
that candidate they he or she wrote this
well that’s respectable but with the
blockchain we can be able to go through
disasters like this I was reading a book
from Sir stephen r.covey the aged habit
and at the end of his book he cited
Peter Drucker who is one of the
visionaries of our time who puts it this
way in a few hundred years when history
will be written from a long-term
perspective what historians will see is
not the Internet technology and not even
ecommerce it is an unprecedented change
in the human condition for the first
time literally substantial and rapidly
growing numbers of people have choices
for the first time they will have to
manage themselves and society is totally
unprepared for it well I happen to think
that the blockchain is one of the most
important paradigms that will help
achieve Peter Drucker’s prophecy and
because thanks to it we are taking
control of ourselves and thanks to it we
are becoming interdependently
independent and that makes it an idea
worth spreading that was a joy as well
as a privilege thank you
[Applause]
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