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Scaling Blockchain Solutions for Global Transactions - Shared screen with speaker view
Mark Waser
20:54
mark.waser@gmail.com if you'd like to connect your blockchain to the GBBP or participate in the project in any other way
Mark Waser
30:08
Or type something here ;-)
Les Aker
57:05
Paul has identified a critical missing "link" in the problem and discussion.TCP/IP has ACK of each transaction in real time. Decentration of our blockchain processing lacks that simple connection.
marina
57:59
how much longer is he gona blow his own horn??
romanyakovchuk
58:07
Does anybody here work with Hyperledger Fabric?
marina
58:49
hopefully not - whats the point of centralized bChains???
Mitja
59:24
+
Paul F. Dowding
59:56
@marina I am not proposing centralized blockchains.
Mark Waser
59:59
@romanyakovchuk - Yes -- but I could use more manpower to get the gateway from the GBBP to Hyperledger done.
Mike-Charles Nahounou
01:00:11
organizations and institutions are the point of centralized (closed) chains. OPEN bChains also have their place, for where trust is very low, and authoritarian regimes thrive. Not all Blockchains are created equally
Les Aker
01:00:14
Used fabric... not a member of the priesthood.
Mark Waser
01:00:59
even "closed"/private chains should be decentralized
marina
01:01:01
centralized bChains r useless -u can just use db
Mike-Charles Nahounou
01:01:39
it can be, to a certain extent. Its all options. You can buy a Mercedes, or you can buy a Mercedes AMG, the “choice” is always yours
Les Aker
01:01:45
Concur, Mark. One size doesn't fit all. Permissioned implementation has a role, just as open public systems have one.
Mike-Charles Nahounou
01:01:58
exactly
Mitja
01:02:07
@marina ++
marina
01:02:41
@ Mike-Charles. but all permission bChain ca be replaced by DBs
Mark Waser
01:03:01
No. They really can't.
Mark Waser
01:03:31
We can have a discussion offline
marina
01:03:41
@ Mitja, can we connect on signal/telegram?
romanyakovchuk
01:04:15
@marina Private blockchains are more attractive for enterprises because of permissioned membership, better performance and scalability
Mike-Charles Nahounou
01:04:51
from a generalized perspective, but certain actions can be automated, and transparency can be baked in such a way that this “DB” cannot be amended, but appended only
marina
01:04:54
@Mark Waser, since mitja agreed, perhaps, u shall ask him, since he is allowed2talk.....
Les Aker
01:05:04
Concur with Roman.
romanyakovchuk
01:05:12
Actually it depends. For some solutions public blockchain will fit better
Mike-Charles Nahounou
01:05:36
yes indeed…”it depends”
venkat.kodumudi
01:05:50
You choose the type of Blockchain protocol based on the need and the ‘asset’ being shared.
marina
01:05:50
@romanyakovchuk. y not just DB?????
marina
01:07:15
@ venkat.kodumudi, & then it dies - what do u do w/your code then??? ")
Les Aker
01:07:36
@manina, that question can't be answered in a text block via Zoom.
Mark Waser
01:08:06
Mitja and I have talked a lot. I don't know what he "agreed" with -- but if he is claiming those things about private databases, he is totally incorrect.
venkat.kodumudi
01:08:07
@marina, I don’t believe in code reusability. I fully believe in design reusability and code salvageability.
Juan Cabrera
01:08:22
Hello Everyone, It’s a pleasure to assist. Please find my contact details below. Best regards, Juan Cabrera +44 (0) 7505022450 LinkedIn: http://linkedin.com/in/euroyengroup
Mike-Charles Nahounou
01:08:47
blockchains will always shine where trust is the lowest, whether it be open or closed
venkat.kodumudi
01:08:49
Portions of the code can be salvaged, but invariably, you would have to change code to fit a different problem space
marina
01:10:24
blockchains will always shine where trust is the lowest, whether it be open or closed & in permission chains there is no need for testing trust=no need for chain!
marina
01:11:27
permission chain is like naked santa - whats the point??
romanyakovchuk
01:11:32
@marina I will give you some examples of HLF usage. Tell me if you will rather use DB
marina
01:12:50
pls, roma
Ivette Cruz
01:13:39
As an investor, I have been looking to invest in xrp, xlm and other cryptocurrencies, but one of my biggest concerns is being able to name beneficiaries and transfer the asset in the event of disability or death. Does this depend on the institution on wallet that a person would use to purchase the currency?
marina
01:14:53
the key word is investor - how well do u understand tech??
Ron Millow
01:14:55
@mike-charles nahounouOn the contrary, authoritarian regimes and bad actors like corporations and banks who have hijacked the internet and finance are the very definition of trustless, and have found quite a comfy home in permissioned environments. In fact public blockchains where the people/community make the decisions are how we get rid of these problems.
Mitja
01:16:47
@marina my telegram is @futurizt
Mike-Charles Nahounou
01:18:07
@Ron we are essentially saying the same thing. Where there is authoritarian regimes, OPEN Blockchains work best, as the abuse of the system and the people can be significantly mitigated. But in environments where there is more trust, it just adds additional transparency and automate actions which increases efficacy and saves time. A proper assessment of the application is always a requirement before one can determine what kind of bchain is most feasible.
romanyakovchuk
01:18:22
Ping me at roman.yakovchuk@espeo.eu I will send you some of our blog posts
romanyakovchuk
01:18:26
@marina
Ron Millow
01:19:14
@mike-charles Nahounou Please name one :-)
Mike-Charles Nahounou
01:19:52
when one adds the need for privacy, the color of the Koolaid changes
marina
01:20:14
bravi ron!!!
Mike-Charles Nahounou
01:20:55
LOL
Maria Esquela
01:21:08
lol
Beverlin Hammett
01:21:47
The discussion in the chat is indeed an added bonus to this very insightful discussion !!!
Mark Waser
01:21:50
"Private" blockchain *ONLY* means that the miners/validators are a select group. It does not necessarily mean that the data is private.
Les Aker
01:21:53
Les Aker = Computer Scientist & Cryptographer.lesaker@gondolininc.com
Mike-Charles Nahounou
01:21:53
open = permissionLESS
Mike-Charles Nahounou
01:22:00
closed = permissioned
Jovan Marjanovic
01:22:01
Jovan MarjanovicDirector of Global Development, GBAjovan.marjanovic@gbaglobal.orghttps://www.linkedin.com/in/jovanmarjanovic/https://t.me/jmarjano
Mark Waser
01:22:17
Permission for validators/miners only
marina
01:22:42
no, "Private" blockchain means controlled = single point of failure!
Mark Waser
01:22:53
NO, it does NOT mean that
Mike-Charles Nahounou
01:22:57
not at all
marina
01:23:14
yes it does
Mike-Charles Nahounou
01:23:23
lol
adame
01:23:26
Levi Adame adamelevi@yahoo.com
marina
01:23:30
whoever gives a permision is in control!
Chuck
01:23:39
100%
marina
01:24:21
tnx,chuck
Mark Waser
01:25:09
Except if that is a distributed groupFor example, the Sovrin Identity network
Les Aker
01:25:14
permissioned architecture requires very good governance across all members. Then the whole group has control.
marina
01:25:20
whats "right consensys"?? its ANY that works, right??
Mark Waser
01:25:23
Exactly Les
Mark Waser
01:25:48
Sovrin validators come from *many* companies all over the world
marina
01:26:08
@ Les Aker , & if the group does not agree??
Mark Waser
01:26:31
It comes to a vote
Mike-Charles Nahounou
01:26:57
in “private” blockchains, you don’t want to paint the whole town with a broad stroke to say it = single point of failure…you have systems that are quasi private or quasi public…the point is we should be more flexible in how we determine
Les Aker
01:27:01
@marina... that's why a good governance structure is required. That defines what happens when "the group" does not agree.
Mike-Charles Nahounou
01:27:16
good matrix
Mi Novak
01:27:21
@Les +1
Mark Waser
01:27:25
Look up Sovrin SSI
Mark Waser
01:27:47
Decisions are made via vote
Les Aker
01:27:49
Heather does have a good architecture @ Sovrin.
Ron Millow
01:28:46
@Les Aker. No matter how good governance in a permissioned environment might be, it is subject to change at any moment. Today nice. Tomorrow naughty. It is in fact a permissionless environment with complete decentralization where people, not management vote that yields real democracy and results that represent the many.
Ron Millow
01:30:01
Permissioned environments have their place, but only in very specific cases, like military. Everything else can be open.
Mike-Charles Nahounou
01:30:06
lol
Les Aker
01:30:32
@Ron, which is why the governance must include the exit of members as well as the addition of them. "Good governance" would address that problem.
Mark Waser
01:30:37
The GBA Government Business Blockchain HUB is Besu, a private Ethereum. Any GBA member who desires is likely be voted in as a validator BY THE OTHER VALIDATORS. The GBA as a whole has no real control except the validators agreed to the rule that it would be limited to GBA members (which is only a matter of spending money for a membership)
Mark Waser
01:31:20
validators are also voted out BY THE OTHER VALIDATORS when the have too much downtime or their membership expires
romanyakovchuk
01:31:46
The thing is that some organisations don’t need “real democracy”. They need more control
Les Aker
01:31:48
@Ron, good governance doesn't create a democracy. In a democracy the rights of the minority are not protected.
romanyakovchuk
01:33:14
For example if I signed the contract with the vendor I don’t need everybody in the company know about it
Mark Waser
01:33:26
The United States is currently an excellent example of that. Democracy isn't the ideal form of government, it's just that some democracies have been the best large-scalegovernance we have successfully implemented.
Ron Millow
01:33:51
@Les Aker Of course they are! Community consensus through direct democracy and voting by all defends it. Unless the idea that most people are interested in not protecting the minority is a "thing". On the contrary, it is centralized governments that weigh down on the minority
Mark Waser
01:34:04
EXACTLY, Mitja. THAK YOU!!!
Mike-Charles Nahounou
01:34:08
1. transparency 2. accountability 3. immutability is the main perspective to use when designing these systems. Whether open/closed this is how to value the transactions in the system.
Les Aker
01:34:52
@Ron, 50%+1 makes all the decision in a democracy. The rights of the minority in every decision are NOT protected.
Mi Novak
01:35:37
@Gerard Walmart = Food Trust.
Marc Haddle
01:35:55
Exactly- Walmart compelled their suppliers to participate in the FoodTrust blockchain.
Mi Novak
01:36:01
@Gerard Maersk = TradeLens
Ron Millow
01:36:07
Most people only vote for what they have a personal interest in and abstain otherwise. With this in mind, something called sft majority voting solves this
Mark Waser
01:36:30
Agree with Les EXCEPT it is worse than that. Look at the US where the minority rules the majority due to electoral college -- and many votes are prevented by procedural machinations
Mike-Charles Nahounou
01:36:37
Venkat’s matrix was on point!
Marc Haddle
01:36:59
The fear of having Maersk as an admin was custody of competitor info
Ron Millow
01:37:03
@Mark Waser EXACTLY!
Mark Waser
01:37:21
Perfect answer(s) from Venkat as well, Marina
Les Aker
01:37:33
@Mark, disagree... The EC keeps a small part of the country from making all national decision. Very poor comparison.
Mark Waser
01:38:25
I didn't say that the US was the worst, Les. What are you disagreeing with? ;-)
Marc Haddle
01:38:42
I joined late... but has anyone covered Baseline protocol? Using blockchain (Ethereum mainnet) as a proof of consistency between two state machines, primariloy ERP systems.
Les Aker
01:39:23
The Founders were wise. At the time the Constitution was ratified, 3 colonies had enough population to sway any national policy regardless of what the other 10 colonies wanted.The EC and the creation of a Republic, not a democracy, was the solution. Otherwise, the Constitution would never have been ratified.
Les Aker
01:41:00
@Mark, I'm disagreeing with your accusation regarding the EC. We have 50 state elections for national office holders. No voter is deprived of their vote.
Mark Waser
01:41:22
The Founders were brilliant -- but two centuries changed *everything*.
Ron Millow
01:41:44
Agree with Mark 100% on this one too
Les Aker
01:41:56
@Mark, to centuries has only confirmed their wisdom.
Les Aker
01:43:03
*two
Marc Haddle
01:43:08
Huge problem with public entities- introducing a unifying, efficient platform gives the providing vendor too much power. Governments want fragmented architectures with many vendors....it's not like they're spending their own money.
Mark Waser
01:43:18
DC resident are deprived of their vote. Puerto Ricans are deprived of their vote.All the people who voted with the MAJORITY in several of the elctions this century were deprived of their vote.And just wait until Trump convinces some state legislatures that electors don't have to cast their votes as directed previously.
adame
01:43:21
We have Brian Brooks and the CFTC Chairman Heath Tarbert saying that GOV. needs the help and to be able to work with industry
Les Aker
01:43:57
@Mark, DC and PR are not states. DC is a federal district... no one should have ever been allowed to live there. If you do, you are free to move.
romanyakovchuk
01:44:17
Greetings from Poland
romanyakovchuk
01:45:54
Actually, THe UAE have the whole strategy for blockchain implementation
romanyakovchuk
01:46:10
They’re doing really good job with this technology
venkat.kodumudi
01:46:19
Right. UAE is one of those countries trying it out in real life scenarios
Les Aker
01:46:26
@Mark all the people that votes had their votes counted as part of our Constitutional process of electing public officials. We are a Republic. Not a democracy. And for good reason.
Mike-Charles Nahounou
01:46:32
yes its true about UAE
venkat.kodumudi
01:46:58
Where I see value in Government space is true use of Digital Sovereign Currency
Les Aker
01:48:47
Amazon Prime has a series called "Next Blockchain" that is a great series.
Mike-Charles Nahounou
01:49:03
CBDC’s is where all governments will be poking their noses
Mike-Charles Nahounou
01:49:17
Thanks for the info @ Les, gonna check it out
Les Aker
01:49:47
The guy Gerald referenced as creating blockchain is in several of the segments.
Marc Haddle
01:52:34
transmission protocol vs. process protocol
Ron Millow
01:56:28
Telegram ID @Ronmillow
romanyakovchuk
01:56:33
Guys, I would be happy to connect with you for networking
romanyakovchuk
01:56:36
https://www.linkedin.com/in/romanyakovchuk/
Mitja
01:56:59
Telegram @futurizt
Mi Novak
01:57:14
Thanks all! linkedin.com/in/iotmichaelnovak/
venkat.kodumudi
01:57:17
venkat.kodumudi@cgi.com, 202-308-9778, Linkedin Profile: https://www.linkedin.com/in/kodumudi/, Twitter: @saivig
Paul F. Dowding
01:57:20
My linkedIN - Please follow. Also links to some of my LinkedIn video posts.
Juan Cabrera
01:57:22
Juan Cabrera +44 (0) 7505022450 Juan@EuroyenGroup.com LinkedIn: http://linkedin.com/in/euroyengroup
Mallika
01:57:26
I would like to connect with all of you - Mallikar@yahoo.com
Jovan Marjanovic
01:57:27
Jovan MarjanovicDirector of Global Development, GBAjovan.marjanovic@gbaglobal.orghttps://www.linkedin.com/in/jovanmarjanovic/https://t.me/jmarjano
Paul F. Dowding
01:57:49
https://www.linkedin.com/in/paulfdowdingDLT Due Diligence – Performancehttps://lnkd.in/dmeDZENAssessing Blockchain Assessmentshttps://lnkd.in/d2FxJ_5Due Diligence – Transitionhttps://lnkd.in/dnDGeHaIs Blockchain a Solution Looking for a Problem?https://lnkd.in/dUstaJEDue Diligence – Future-dated Transactionshttps://lnkd.in/dWFnUUJDue Diligence Q – CAP Theoremhttps://lnkd.in/dxuZNRJDesign Thinking for Blockchainhttps://lnkd.in/dkVCkuSAccounting and Reconciliation in Blockchainshttps://lnkd.in/dWHRt7fConsensus Doesn’t Scalehttps://lnkd.in/dgnwJwuMemory Scalabilityhttps://lnkd.in/dKGj3cuInteroperability for Blockchainshttps://lnkd.in/dWQgPRACorruption in Blockchainshttps://lnkd.in/dW6wsKCThe Double Spend Problemhttps://lnkd.in/dyvxjzbHow did I get into Blockchain?https://lnkd.in/d3xvAx3What is Blockchainhttps://www.linkedin.com/in/paulfdowding
Paul F. Dowding
01:58:14
https://www.linkedin.com/company/l4s-corp
Eugene Morozov
01:59:44
FreeTON.org
Ron Millow
01:59:48
LinkeIn: www.linkedin.com/in/ron-millowTelegram: @RonmillowEmail: ron.m@tonlabs.io
romanyakovchuk
01:59:54
If anybody here is looking for developers to your projects, don’t hesitate to contact me. I’ll be happy to help.
adame
02:00:25
This is for all of you guys where do you see price of BTC in the nest 15 to 18 months?
Mike-Charles Nahounou
02:00:40
Mike-Charles NahounouTelegram: @nobleman777LinkedIn: https://www.linkedin.com/in/mikecharlesnahounou/
data functions
02:00:46
https://t.me/JKanyiri
adame
02:00:48
next
Les Aker
02:01:47
https://smile.amazon.com/The-Chain-Of-Everything/dp/B07C7WGVZS/ref=sr_1_1?dchild=1&keywords=next+blockchain+prime+video&qid=1603302598&sr=8-1The Next Blockchain Amazon Prime linke.
Mike-Charles Nahounou
02:02:27
LOL
Mike-Charles Nahounou
02:02:37
how can we be a member of GBA?
Mark Waser
02:03:25
http://gbaglobal.org
Beverlin Hammett
02:03:36
Mike-Charles, you may see the following link. https://www.gbaglobal.org/membership/
Lily C
02:03:41
https://www.linkedin.com/in/lili-chen2020/
Jovan Marjanovic
02:03:51
MEMERSHIP:https://www.gbaglobal.org/membership/contact jovan.marjanovic@gbaglobal.org
Lily C
02:04:12
https://www.linkedin.com/in/lili-chen2020/
Lily C
02:04:12
https://bostonblockchainassociation.com
Mike-Charles Nahounou
02:04:17
Thanks Beverlin
Mike-Charles Nahounou
02:04:28
Thanks Jovan
Lily C
02:04:52
https://www.linkedin.com/company/boston-blockchain-association/
Juan Cabrera
02:05:10
Have a call. Thanks to all. Juan Cabrera 👍🏻
adame
02:05:27
Price predictions for BTC anyone for the next 15 to 18 months?
Mike-Charles Nahounou
02:05:50
50k @ Adame
Ron Millow
02:06:02
@adame :)))))
romanyakovchuk
02:06:04
@Adam any number I will give you worth nothing. The market will decide about the price
Mike-Charles Nahounou
02:06:11
true
Jovan Marjanovic
02:06:25
Office hours: https://calendly.com/meet-jovan
Paul F. Dowding
02:07:02
Accounting and Reconciliation in Blockchainshttps://lnkd.in/dWHRt7f
Mike-Charles Nahounou
02:07:13
any insights and opinions of Central Bank Digital Currencies? China leads the way at the moment
Mi Novak
02:07:14
Thank yo @Gerard and all!
adame
02:07:22
Thank you all as always great meeting!!!
Lily C
02:07:59
Thank you, Gerard, for the invitation! Thank you, all awesome speakers, for sharing your wisdom!
romanyakovchuk
02:08:15
What I believe is that in the next 5 years nobody will ask the question: “Is it based on blockchain?”. It will be obvious. People even don’t need to know if the application uses blockchain
romanyakovchuk
02:08:43
Thank you, guys! Great discussion
Gerard Dache
02:08:57
Gerard.dache@GBAglobal.org
Paul F. Dowding
02:09:19
Thank you for everyone attending and listening.
Maria Esquela
02:09:26
is there interest in discussing blockchain with civic societies and NGOs?
Mike-Charles Nahounou
02:09:26
Great discussions and feedback guys. Take care everyone. Thanks for the wisdom shared
venkat.kodumudi
02:09:34
Thanks everyone for bearing with my ramblings
Jovan Marjanovic
02:10:06
Thanks for joining us!