— The Blockchain Innovation Hub Jason Potts Director of

— The Blockchain Innovation Hub Jason Potts Director of RMIT Blockchain Innovation Hub

What is blockchain? Paper (book) ledgers record account & trade balances, ownership of property, taxes, births, deaths, marriages . charges, transactions, sale of property, official events, etc cause the ledger to be updated Blockchain is a new economic infrastructure that enables records to be maintained

Bitcoin blockchain Bitcoin blockchain solved the double spending problem by combining five technologies 1. 2. 3. 4. 5. Append-only databases Public key cryptography P2P networking Game theoretic incentives Consensus algorithms

What is blockchain for? Social consensus about truth Many people need to agree about facts “Connected computers reach agreement about shared data”

Blockchains are new economic infrastructure A tool not just for facilitating trade but for creating new economies Money, value Rules Contracts Services Exchanges Monitoring Governance Organization Security cryptocurrency, cryptoassets code, protocols smart contracts Dapps DX, Cross chain atomic swaps hashes, Merkle trees, public blockchains consensus, forking, on-chain cryptodemocracy DAOs economic incentives

One vision of the future

An alternative vision We’re not just innovating on production, we’re innovating on governance

Supply chain Examples 1. 2. 3. Diamonds Beef Wine De-commodification Adds value with trusted information Shifts value along the supply chain Premium pricing

Freedom for robots Autonomous navigation in the world (IoT) Robots that can self-own, earn, contract, litigate new economic life forms (NELF) Technology stack AI, 5G, LIDAR Technology stack Blockchain

Digital Law: Australian National Blockchain

Horizon State Provides communities and enterprises with an empowerment platform that drives efficient decision making Provides a clearer understanding of customer and staff needs.

Web3 Web3 is next generation economic infrastructure Its what we’re going to build economies of the future on

Blockchain Innovation Hub courses The Blockchain Economy Semester 1 Cryptocurrency & Cryptofinance Semester 2 These courses will provide students with an understanding of the economic function and implications of the technology. The RMIT Blockchain Innovation Hub plans to ensure that students are work-ready for this revolutionary new economic technology when they graduate.

— Questions?