Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
TradFi and DeFi or,
Where the Land meets the Sea.
Simon Redfern
TESOBE / Open Bank Project
APIDays Hong Kong 2021
© TESOBE...
2
Land
© TESOBE 2021
Sea
Image: Jacob Reyes (CC BY 2.0)
Image: Cherie Lynn (CC0 1.0)
80% unmapped,
unobserved,
unexplored
3
Familiar
© TESOBE 2021
Less so
Image: Cherie Lynn (CC0 1.0)
Image: Rahim Mngwaya (CC BY-SA 4.0)
“Web 2” “Web 3”
4
Centralised
© TESOBE 2021
Distributed
Image: Cherie Lynn (CC0 1.0)
“Off Chain” “On Chain”
5
TradFi vs DeFi
6
Has created Digital
scarcity
Double Spending
Problem
Medium of exchange,
unit of account, store of
value , the definition...
7
The Evolution of Money
Source: ConsenSys
TESOBE GmbH 2021
8
Decentralised Autonomous Organisations (DAOs)
© TESOBE 2021
vote, fund,
traceable
DAOs are a form of
governance that is ...
9
TESOBE GmbH 2021 Image: Lin Padgham cc-by-2.0
10
Database
© TESOBE 2021
Blockchain nodes
Core Banking System
(CBS)
11
Multi Party Computation (MPC)
© TESOBE 2021
● split private keys over nodes
● key is safe even after compromise of seve...
12
Smart Contracts
© TESOBE 2021
Web 3
13
Oracles
© TESOBE 2021
Bank Y
Bank Z
Bank X
API3 brings (OBP)
APIs to blockchain
smart contracts
Web2 -> Web3
14
Blockchain, Lock chain - GDPR?
© TESOBE 2021
● natural person‘s right to be forgotten
● definition of personal data
● an...
15
Quantum secure
© TESOBE 2021
Money and data on the line
https://csrc.nist.gov/projects/post-quantum-cryptography
https:...
16
Infrastructure of Programable Money
2. Private Issuers
4. Service Providers
Source: ConsenSys & TESOBE
3. API Services
...
17
Where the Land Meets the Sea
© TESOBE 2021
18
Possible Future?
© TESOBE 2021
From the Ted talk https://www.ted.com/talks/david_gallo_life_in_the_deep_oceans
● We are...
Simon Redfern, CEO
simon@tesobe.com
+49 (0)30 8145 3994
www.openbankproject.com
© TESOBE 2020 19
https://www.openbankproje...
You’ve finished this document.
Download and read it offline.
Upcoming SlideShare
What to Upload to SlideShare
Next
Upcoming SlideShare
What to Upload to SlideShare
Next
Download to read offline and view in fullscreen.

Share

apidays LIVE Hong Kong 2021 - TradFi and DeFi or, Where the Land meets the Sea by Simon Redfern, TESOBE

Download to read offline

apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange
August 25 & 26, 2021

TradFi and DeFi or, Where the Land meets the Sea
Simon Redfern, CEO and Founder of TESOBE

Related Books

Free with a 30 day trial from Scribd

See all

Related Audiobooks

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

apidays LIVE Hong Kong 2021 - TradFi and DeFi or, Where the Land meets the Sea by Simon Redfern, TESOBE

  1. 1. TradFi and DeFi or, Where the Land meets the Sea. Simon Redfern TESOBE / Open Bank Project APIDays Hong Kong 2021 © TESOBE 2020
  2. 2. 2 Land © TESOBE 2021 Sea Image: Jacob Reyes (CC BY 2.0) Image: Cherie Lynn (CC0 1.0) 80% unmapped, unobserved, unexplored
  3. 3. 3 Familiar © TESOBE 2021 Less so Image: Cherie Lynn (CC0 1.0) Image: Rahim Mngwaya (CC BY-SA 4.0) “Web 2” “Web 3”
  4. 4. 4 Centralised © TESOBE 2021 Distributed Image: Cherie Lynn (CC0 1.0) “Off Chain” “On Chain”
  5. 5. 5 TradFi vs DeFi
  6. 6. 6 Has created Digital scarcity Double Spending Problem Medium of exchange, unit of account, store of value , the definition of money ● 21 M finite supply ● Divisible in Satoshis, the smallest unit of a bitcoin (or 100 millionth of a bitcoin). ○ 1 satoshi = 0,00000001 bitcoins ○ 1 bitcoin = 100,000,000 satoshis ● Miners' reward block is halved as more transactions are made ● Deflationary mechanics, but highly speculative Source: TESOBE TESOBE GmbH 2021 Bitcoin - P2P “Cashless System”
  7. 7. 7 The Evolution of Money Source: ConsenSys TESOBE GmbH 2021
  8. 8. 8 Decentralised Autonomous Organisations (DAOs) © TESOBE 2021 vote, fund, traceable DAOs are a form of governance that is carried out through smart contracts that execute agreed upon protocols without human intervention.
  9. 9. 9 TESOBE GmbH 2021 Image: Lin Padgham cc-by-2.0
  10. 10. 10 Database © TESOBE 2021 Blockchain nodes Core Banking System (CBS)
  11. 11. 11 Multi Party Computation (MPC) © TESOBE 2021 ● split private keys over nodes ● key is safe even after compromise of several nodes ● MPC came from 2PC (2 party computation, millionaires problem with garbled circuits) ● custody solution
  12. 12. 12 Smart Contracts © TESOBE 2021 Web 3
  13. 13. 13 Oracles © TESOBE 2021 Bank Y Bank Z Bank X API3 brings (OBP) APIs to blockchain smart contracts Web2 -> Web3
  14. 14. 14 Blockchain, Lock chain - GDPR? © TESOBE 2021 ● natural person‘s right to be forgotten ● definition of personal data ● anonymisation getting harder ● who’s the controller / processor? ● purpose limitation & data minimisation ● accuracy https://www.europarl.europa.eu/RegData/etudes/STUD/2019/634445/EPRS_STU(2019)634445_EN.pdf
  15. 15. 15 Quantum secure © TESOBE 2021 Money and data on the line https://csrc.nist.gov/projects/post-quantum-cryptography https://quant-x-sec.com/ Image: NIST
  16. 16. 16 Infrastructure of Programable Money 2. Private Issuers 4. Service Providers Source: ConsenSys & TESOBE 3. API Services 1. Blockchain Platforms TESOBE GmbH 2021
  17. 17. 17 Where the Land Meets the Sea © TESOBE 2021
  18. 18. 18 Possible Future? © TESOBE 2021 From the Ted talk https://www.ted.com/talks/david_gallo_life_in_the_deep_oceans ● We are familiar down to 200 to 300 feet but not the ones below that ● No sunlight down there, all the energy that is being used comes from the inside of the earth (chemosynthesis…?), very toxic, you would never get a permission to dump that in the ocean ● Living in extremes (but “only” from human perspective ;-)) ● Everything on this planet works by cycles and rhythms My Octopus Teacher on Netflix
  19. 19. Simon Redfern, CEO simon@tesobe.com +49 (0)30 8145 3994 www.openbankproject.com © TESOBE 2020 19 https://www.openbankproject.com/obp-airnode/

apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange August 25 & 26, 2021 TradFi and DeFi or, Where the Land meets the Sea Simon Redfern, CEO and Founder of TESOBE

Views

Total views

376

On Slideshare

0

From embeds

0

Number of embeds

5

Actions

Downloads

5

Shares

0

Comments

0

Likes

0

×