Now the borrower will draw against the loan using arudimentary user interface we built and described in ourprior loan demonstrationto interact with the loan smart contract.
Let's check the borrower'sbalance of DAI beforewestart.
Sure enough there were noDAI.
Now let's draw against theloan.Nowlet's check the borrower's balance of DAI again in theirwallet.
Sure enough 100 DAI has been transferred to theborrower.
Nowwe can see that the balance owing is now100DAI. And the draw thathappened.
The borrower can also repay usingDAI. Again this is all being mediatedby a smart contract behind thisuser interface.[silence][silence][silence]
Now we can see that the balanceowing in DAI has dropped.The payment has been recorded.[silence]
And the borrower's balance of DAI hasdecreased in theirwallet.
There you can go. You can see with the power ofOpen Law's contract automation and blockchain enabledcontract and capabilities combined with a stablecoin like MakerDAO'sDAI, we are broadening the audience andrelevance of blockchain based commercialtransactions.
Bob is adesigner. Today he's building a website forAlice. When it's done he sendsAlice the invoice but there is just oneproblem. Alice isn't happy. It's not howshe wanted the site to look and now Alice won't pay which makesBob unhappy. So now everyone is unhappy.
It didn't have to be this way. If Bob and Alice hadjust used Kleros this could all have been settled.Kleros is a blockchain dispute resolution layerthat provides fast, secure and affordable arbitrationfor virtually everything.
At the start of theproject Alice's funds are locked into a smartcontract. If Alice is happy with the job, Bob receives payment.If there is a dispute, Klerosuses crowdsourced jurors to consider the evidence and settle thedispute.
Jurors analyze the evidence andconsider both sides of the story. On this occasion they sidewith Alice and vote her to be thewinner. Their decision is automatically enforced and thearbitration fees are collected. All performed on theblockchain.
Freelancing, crowdfunding,curated lists, gaming, e-commerce,insurance, oracles, escrow, the possibilities areendless.
Life isn't always fair butKleros is.
Kleros thedispute resolution layer for virtuallyeverything.
Moderator: Up nextwe have Igor from POAcan you come over there? Jorge from Aragon.Let's welcome Jorse to the stage.
Jorge: OK. I'm Jorge Izqueierdo and we are building the world's firstdigital [inaudible].
Before we start talking aboutthat, we like to talk about this pyramidthat [inaudible] have been talking about for these.
As all the parts of the technology stack have beencommoditized, we think that there is onlygovernance that is not commoditized. And eventually wethink that crypto networks will make it or breakit, [inaudible]
Bad governance is very, very hard and when governance fails in thereal world, bad stuff happens.
We have this example in my home countryin Spain with the Catalonia thing. We haveexamples here in the US where badgovernance burnt down [inaudible]. Or [inaudible]
But we now have thisamazing tool that allows massive coordination[inaudible] and it also allows a test bedfor testing new governance processse without[inaudible] without people [inaudible].
This is very cool. We are experimenting a lot withthis and we feel like [inaudible]
Now going a bit more technical,we've developed this framework called aragonOS which isthe 3rd iteration which was [inaudible].But now it's a more generic protocol [inaudible]can use if theyneed [inaudible] governance which basically[inaudible] same thing [inaudible] one withoutthe other.
This is also a hackathon for us. We aretesting [inaudible]. So checkout our [inaudible] let us know if somethingis broken or really [inaudible]
Weare also doing a funny airdrop. Weare airdropping [inaudible] doingfun stuff with that during the week[inaudible]
You have all of the informationhere and links. That's all, thank you.
Before nations, beforeborders, there was the [inaudible] super continent. Since thenthe world has been divided by tectonicshifts, widening oceans and stifiling politics.
Nation states are crumblingunder the weight of local and global challengesthat they see in capable of solving.
Rather than embracing aborderless world and increasing personalfreedoms, governments and multi national organizations haveoverseen a surge in beaurocracy, protectionism andever greater intrusions into our personallives.
To prevent a drift toward tyranny, we needdrastic change.
Pangeais Bitnation's decentralizedjurisdiction platform. Using Pangeayou can build voluntary nations, [inaudible] contractsand resolve disputes with other citizens andaccess the services you need.
This is our vision ofjurisdiction as a service. A global market for governanceservices.
The Pangeaarbitration token ot PAT is an ethereum based in app tokenthat powers the Pangea platform.
When youcreate a contract, complete a contract or resolve adispute on Pangea, you receive non tradeable reputationtokens through Lucy our AI bot. Accumulatingreputation tokens earns you tradeablePAT tokens. This ensures that you can't buy agood reputation or acquire it through popularity.
But if you earn one, you will be rewarded.
Imagine a worldwhere people can freely choose which voluntarynations and jurisdictions they want to be partof. A world where voluntary nations offer a choice ofservices under their own laws and policies andcompete for citizens in a free marketthat rewards good governance.
You toocan be part of the future of governanceby joining the Pangea token sale.
Welcome to the internet of soverignty.Welcome to Pangea.
Theinternetof things is changing the way we live and work. Today IoTlet's us gather data from any connected device anduse it to enhance our business processes and daily lives. But we areonly at the start of our journey to realize the fullpotential of IoT.
What if we didn't have to rely oncentralized parties to store andtransfer our private data? What if we could makeIoT affordable, scalable and widelyadoptable? What if allIoT networks could interoperate and share data autonomously,seamlessly and securely?
What ifwe told you blockchain is theanswer.
Introducing IoTeX, the privacy centricblockchain infrastructure for the internetof things. IoTeX is not just an enhancement to existing IoTtechnology. It's a completely new visionfor the future of IoT to make autonomous device coordination areality.
We built IoTeXfrom scratch and made up front design decisionsto tailor fit blockchain technology for IoT.
We use advanced lightweight cryptography to ensureprivacy of all data in the IoTeX network.Our rule depost consensus mechanismprovides instant finality and the throughput needed to support billions ofIoT devices.
Our scaleable blockchain and blockchainsarchitecture enables anyoneto create their own IoT ecosystems, orchestrate devicesvia smart contracts and share their dataacross the IoTeX network.
IoTeX will allow us to dream bigger and create revoluationaryIoT applications and services. The possibilitiesare endless.
Join us on ourjourney to create the foundation for tomorrow'sinternet of things by connecting the physical world blockbyblock.
Canyouimagine a world where the opinion of one person influences on the whole market?The world where business hears everyone.This time is now. Revain.
Itis a new generation feedback platformbased on blockchain technology.
Users of theRevain platform get a reward for leaving their reviews ongoods, services and companies. All of thereviews on the platform get filtered withartificial intelligence systems andthen go into a blockchain where they can not be changed ordeleted.
All of the reviewswill be available for human or robot requests.It has a tremendous potential for internet of thingsdevelopment when it will be important for themachine to be able to have a choice.
Based on a largebase of human opinions, your fridge will be able tochoose and order products.Each opinion has its value in the formation of themarket.
Companies with good reviews get more popular. And businesseswith negative ones will be forced to improve theirproduct or service or leave the market.
Ratingmanipulation is impossible.
Jointhe revolution that will change the face of the wholeinternet.
Crowd sale will start August 21. Get moreinformation at Revain.org
We are a whitelabel end toend issuance platform for security tokenofferings.
I'm BryanColligan of AlphaGrowth and today we here are at the CryptoInvest Summit2018 and I'm here with Monette with TokenSoft.
Tell me aboutTokenSoft.
We are a whitelabelend to end issuance platform forsecurity token offerings. We do everything fromregistering investors, taking themthrough the KYC AML process,investor accreditation if they are US investors. All the way throughdocumentreview, signing, paymentprocessingetc.
Are you guys on a particularchain?
We are blockchain agnostic.Most of our issuances are done onethereum. And we havea post issuance compliancetrading standard, ERC1404 that we've put forwardto support compliant trading ofthe tokens. I've read that compliance, so you guys helpedwrite that? We did. We wrotethat.
So you guys are a broker dealer? Are you FINRA regulated?
No we aren't. We are anissuance infrastructure whitelabel.So our clients are people likeHashgraph who are doing their sale usingour platform. We are a link on theirwebsite and they arecompletely branded with their branding andeverything.
When youlink to the sale and register, all yousee is our client's name. And we are ableto run concurrent Reg Dand international sales.
We've takenin investors for one of our offeringsfrom around 170 countries. Many of ourofferings will bring in people from over 50countries, taking them through differentflows, whether they are individuals or entities.And depending on what country they arefrom, we can price basedon minimums and maximums for differentgroups.
And you take fiat and cryptocurrency as aninvestment vehicle?
Yeah we do payments in bothcrypto and fiat.
So we are here at the Crypto Investsummit, who are looking to see? Who are you looking to get ahold of? Why are you guys here today?
We are ona couple panels. We aresponsoring thesecurity token track. We are going to betalking about designing a security tokenas well...
You guys wrote the rule book basically.
We did. We haveour own multi sig storage wallets that wesetup with our clients. We supportbitcoin, ethereum, stellar as well as fiatcurrency.
We've got issuances runningon ethereum,HyperLedger, Hackgraph,Corda. So we are pretty agnostic.
Webrought in almost 30,000... we brought in over 28,000investors for the Haven sale which is astablecoin based out of Australia.
Ifpeople want to hear about what you do, howdo they do that?
They can reach out tome Monette@tokensoft.io
Or they can go to ourwebsite and contact us throughthere.
Thereleaseof the Zap ethereum API marks the kick off of a truly decentralizedoracle data market ready for use in smartcontracts.
Now not only can you make money from adata feed or API by listing it on the Zap marketplaceyou can also make money by speculating on the data of otherproviders through the utility of bondingcurves based on the research of Simon[inaudible].
Here is how it works.
MeetJim. Jim believes the market priceof ethereum to bitcoin is valuable data because he knows itenables the creation of bitcoin futuressmart contracts on the ethereum blockchain.
Jim trusts Binance. So he pulls the BinanceAPI price feed for ethereum to bitcoin through the ZapAPI platform with the ethereum blockchain ashis data end point.
Now Jim just needs to select astarting price and function for Zap to Dotprice or bonding ratio.
A Dot is the secondarytoken of the Zap protocol. One Dot equalsone request of the data provided by the Oracle. ADot is generated by staking or bonding Zap to anOracle. The Zap is then held in the oracle contractready to be redeemed at any time by exchanging your Dots back forZap.
When a Dot is spent on a request bya data user or a subscriber,that Dot is transferred to the data provider. Jim in this case is thedata provider. Jim starts hisDots at a price of 10 Zap with an exponentialprice function that goes 10x for every 10,000 Dotsreleased. This means as more Zap isstaked or bonded to the oracle, the data requests or Dotsbecome more expensive.
Jim believes his data will be valuableto others, so he immediately bondsenough Zap to receive 10K Dots with each Dot becomingmore expensive as Zap is bonded to the oracle.
With 10K Dots having been generated,the price of a Dot is now 100 Zap based on Jim'soriginal pricing function.
Now we meetSteve. Steve wants to make money by speculating onJim's data being valuable in thefuture. Steve bonds or stakes enough Zap to Jim's oracle togenerate 5000 Dots at a starting price of100 Zap per Dot.
With 15K Dotsnow generated from Jim's oracle and based onJim's original pricing function, the cost of oneDot is now around 500 Zap.
Now wemeet Jessica. Jessica is buildinga bitcoin futures smart contract on the ethereumnetwork. To do this Jessica just needs to know the marketprice of bitcoin to ethereum.
Jessica isgoing to need to get this data every time a smartcontract of hers opens or closes. So she's going to need a lot ofDots.
With a starting price of around500 Zap per Dot, Jessica bonds enough Zap to the oracleto generate 15K Dots.
Rememberthat Jim's pricing function startedout at 10 Zap per Dot and goes 10x forevery 10K Dots generated.
Now with30K having been generated from the Zap stakedor bonded to this Oracle, the price of oneDot is now 10K Zap.
Steve nowsees the amount of Zap bonded to this Oracle has increased along with thevalue of the Dots. Steve dumps hisDots back to Jim's oracle and redeems them forZap.
Remember that Steve started out paying100 to 500 Zap per Dot and is now redeeminghis Dots for 10K to 5Kbased on Jim's original pricing function.
Jessica has beenusing her Dots to get Jim's pricing datato her bitcoin futures smart contracts. Eachtime Jessica spends a Dot for Jim's datathat Dot is transferred from Jessica to Jim.
Jessica has now spent 5000 of the original15K Dots she generated from Jim's oracle.
Jessica now has 10K Dots and Jimnow has 15K dots.
Jim'soracle now has 25K Dots generated andJim's original pricing function has the currentprice of a Dot at around 5000 Zap.
Jim dumps the 5000 Dots he received from Jessicaat a price of 5000 to 1000Zap.
This process of bonding and redeemingincentivizes the creation and maintenance of 3rd party datafeeds. The more Zaps staked to an oracle,the greater the incentive for the provider to remainhonest.
Jim's data feed is ver simplewith no checks or fail safes. Verysoon someone will make a better oracle for the bitcoin toethereum price by checking more than one exchange.Looking for outliers and still being able to providedata if one exchange goes down.
Say you made such an oracle, onemuch better than Jim's, how would you letpeople know? How do you get them to stake Zap toyour oracle? Maybe a launch website and count down?Perhaps a whitepaper explaining how you built youroracle.
If this sounds familiar, it should.We all know about the ICO. The Zap platform release is theIOO,an entirely new born market ripe withexponential possibilities.
Wefacemany challenges in today's world. To tackle these challenges,13.6 million new businesses are starting eachyear. But 92% of early stage companiesfail due to a lack of money.
These initiativescan't afford to develop by hiring and paying the talentedpeople they need for work and services.
We'd like tointroduce you to Quidli. Quidli allows businessesto pay any and all project contributorsequity instead of cash. This way companies cangrow while ownership is shared between all the peoplethat create value and participate in a project'ssuccess.
Built on blockchain,the Quidli protocol makes equity transfer simple and moreflexible allowing businesses to bring liquidityto their equity while remaining safe and legal.
Quids are used to write and rewrite shareholderstructures and equity distributions. TheQuidli platform allows this liquidity to be used to compensateworkers.
But equity as compensation can beapplied to more than just start-ups. The labor market ischanging. Young people are increasinglyfreelancing as they want to find work that is flexible,evolving and aligned with their passions.
With talent moredistributed today, corporations spendover $300 B to find skills they need externallyor on a freelance basis.
With equity ascompensatio, companies can better incentive talentto get involved and perform. Workers can join as realpart time entrepreneurs whose compensation is more linkedto the project's success.
Big risks, bigrewards.
With the Quidli fair reward protocol,even existing businesses can adapt to the changing labormarket to optimally incentiveall workers.
We stronglybelieve that doers becoming owners is thefuture of work.