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블록체인이 꿈꾸는 세상:
What Blockchains Dream
2018. 4. 11.
Prof. Sangkyu Rho
Seoul National University
Organic Media Lab
The DAO
DuPont, Quinn. Experiments in Algorithmic Governance: A history and ethnography of ‘The DAO,’ a failed Decentralized Autonomous Organization.”
(ed. Malcolm Campbell-Verduyn) Bitcoin and Beyond: Cryptocurrencies, Blockchains and Global Governance (forthcoming).
© Organic Media Lab(http://organicmedialab.com), 2018 3
https://www.nytimes.com/2016/05/22/business/dealbook/crypto-ether-bitcoin-currency.html?mcubz=0
© Organic Media Lab(http://organicmedialab.com), 2018
Apr
4
https://bitcoinmagazine.com/articles/the-dao-raises-more-than-million-in-world-s-largest-crowdfunding-to-date-1463422191/
© Organic Media Lab(http://organicmedialab.com), 2018 5
https://www.wired.com/2016/06/50-million-hack-just-showed-dao-human/
Bitcoin = Blockchain?
© Organic Media Lab(http://organicmedialab.com), 2018
Philosophy Behind Bitcoin
7
Decentralization
© Organic Media Lab(http://organicmedialab.com), 2018
No center!
Everybody has copies!
Everybody decides!
Secrets never shared!
Bitcoin:We are the Bank!
8
© Organic Media Lab(http://organicmedialab.com), 2018
What Blockchain Solves
Trust Problem without trusting anyone
• Double spend problem when you can have perfect
copies
• Integrity problem when everybody has copy
• Security problem when no one has control
• Privacy problem when everything is traceable
• Incentive problem when anyone can participate & leave
9
© Organic Media Lab(http://organicmedialab.com), 2018
Cryptoeconomic System*
Cryptography to prove something happened
Economic incentives to achieve desired
behaviors & properties
10
* http://vitalik.ca/files/intro_cryptoeconomics.pdf
© Organic Media Lab(http://organicmedialab.com), 2018
Bitcoin:“Internet of Money”
Impossible to double spend
Instant, global, (almost) free, and open
Attack resistant, privacy preserving,
transparent, and immutable
But, very SLOW
11
© Organic Media Lab(http://organicmedialab.com), 2018
Why Blockchain Matters
Immutable & transparent containers to store
and value of any kind (e.g., money, signatures,
contracts, stocks, bonds, even cars)
Smart contracts as autonomous, independent
economic agents
New ways to organize and collaborate
12
Smart Contract
© Organic Media Lab(http://organicmedialab.com), 2018
Bet with a Friend
Me Friend
Another Friend
1 ETH
“Will it rain tomorrow?”
14
Can I trust my friends?
Organic Media Lab 2017
© Organic Media Lab(http://organicmedialab.com), 2018
A Smart Contract for Betting
Organic Media Lab 2017
Me Friend
An Oracle
Smart Contract:
Will it rain
tomorrow?
1 ETH 1 ETH
?
15
Yes No
© Organic Media Lab(http://organicmedialab.com), 2018
Properties of Smart Contracts
Autonomous
Independent
Economic
Self-enforcing
16
© Organic Media Lab(http://organicmedialab.com), 2018
Contracts in our life
Social
Political
Economic
• Oliver Hart & Bengt Holstrom won Nobel Prize in
2016
Legal
17
© Organic Media Lab(http://organicmedialab.com), 2018
“Uber” in a Blockchain World
18
DAO*
*DAO = Distributed Autonomous Organization
**USN = Universal Sharing Network
USN**
Organic Media Lab, 2016
Decentralized
Organisation
© Organic Media Lab(http://organicmedialab.com), 2018
Decentralization?
20
© Organic Media Lab(http://organicmedialab.com), 2018
Decentralization:
Technological Perspective*
Architectural: How many physical computers?
Logical: Single truth?
Political:Who has control?
21
*https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274
blockchain!
© Organic Media Lab(http://organicmedialab.com), 2018
Decentralization:
Organizational Perspective
End of Middlemen
End of Hierarchy
End of Boundary
22
© Organic Media Lab(http://organicmedialab.com), 2018 23
Network
(P2P)
Node
(3rd Party)
Network
Hierarchy
Organic Media Lab, 2016
4 Types of Organizations
© Organic Media Lab(http://organicmedialab.com), 2018 24
4 Types of Organizations
Organic Media Lab 2017
© Organic Media Lab(http://organicmedialab.com), 2018 25
http://news.kmib.co.kr/article/view.asp?arcid=0923654003&code=11151300
http://news.mt.co.kr/mtview.php?no=2017022213450752947&MNF
© Organic Media Lab(http://organicmedialab.com), 2018
As Is
26
Organic Media Lab 2017
© Organic Media Lab(http://organicmedialab.com), 2018
What banks dream
27
Organic Media Lab 2017
© Organic Media Lab(http://organicmedialab.com), 2018
What blockchains dream
28
Organic Media Lab 2017
© Organic Media Lab(http://organicmedialab.com), 2017
조직없는 조직화
(Organising without Organisations)
Organic Media Lab, 2017
© Organic Media Lab, Inc. http://organicmedialab.com
We, as a Network
© Organic Media Lab(http://organicmedialab.com), 2018
What do we do?
Unlearn what we have learned
Learn to learn
Enjoy the ride
31
Recommended Readings
http://organicmedia.pressbooks.com http://organicbusiness.pressbooks.com http://organicmedia2.pressbooks.com
Any Questions?
Visit: www.organicmedialab.com
E-mail: srho@snu.ac.kr
Facebook: sangkyu.rho
LinkedIn: Sangkyu Rho
Twitter: @srho77

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블록체인이 꿈꾸는 세상 (What Blockchains Dream)

  • 1. 블록체인이 꿈꾸는 세상: What Blockchains Dream 2018. 4. 11. Prof. Sangkyu Rho Seoul National University Organic Media Lab
  • 2. The DAO DuPont, Quinn. Experiments in Algorithmic Governance: A history and ethnography of ‘The DAO,’ a failed Decentralized Autonomous Organization.” (ed. Malcolm Campbell-Verduyn) Bitcoin and Beyond: Cryptocurrencies, Blockchains and Global Governance (forthcoming).
  • 3. © Organic Media Lab(http://organicmedialab.com), 2018 3 https://www.nytimes.com/2016/05/22/business/dealbook/crypto-ether-bitcoin-currency.html?mcubz=0
  • 4. © Organic Media Lab(http://organicmedialab.com), 2018 Apr 4 https://bitcoinmagazine.com/articles/the-dao-raises-more-than-million-in-world-s-largest-crowdfunding-to-date-1463422191/
  • 5. © Organic Media Lab(http://organicmedialab.com), 2018 5 https://www.wired.com/2016/06/50-million-hack-just-showed-dao-human/
  • 7. © Organic Media Lab(http://organicmedialab.com), 2018 Philosophy Behind Bitcoin 7 Decentralization
  • 8. © Organic Media Lab(http://organicmedialab.com), 2018 No center! Everybody has copies! Everybody decides! Secrets never shared! Bitcoin:We are the Bank! 8
  • 9. © Organic Media Lab(http://organicmedialab.com), 2018 What Blockchain Solves Trust Problem without trusting anyone • Double spend problem when you can have perfect copies • Integrity problem when everybody has copy • Security problem when no one has control • Privacy problem when everything is traceable • Incentive problem when anyone can participate & leave 9
  • 10. © Organic Media Lab(http://organicmedialab.com), 2018 Cryptoeconomic System* Cryptography to prove something happened Economic incentives to achieve desired behaviors & properties 10 * http://vitalik.ca/files/intro_cryptoeconomics.pdf
  • 11. © Organic Media Lab(http://organicmedialab.com), 2018 Bitcoin:“Internet of Money” Impossible to double spend Instant, global, (almost) free, and open Attack resistant, privacy preserving, transparent, and immutable But, very SLOW 11
  • 12. © Organic Media Lab(http://organicmedialab.com), 2018 Why Blockchain Matters Immutable & transparent containers to store and value of any kind (e.g., money, signatures, contracts, stocks, bonds, even cars) Smart contracts as autonomous, independent economic agents New ways to organize and collaborate 12
  • 14. © Organic Media Lab(http://organicmedialab.com), 2018 Bet with a Friend Me Friend Another Friend 1 ETH “Will it rain tomorrow?” 14 Can I trust my friends? Organic Media Lab 2017
  • 15. © Organic Media Lab(http://organicmedialab.com), 2018 A Smart Contract for Betting Organic Media Lab 2017 Me Friend An Oracle Smart Contract: Will it rain tomorrow? 1 ETH 1 ETH ? 15 Yes No
  • 16. © Organic Media Lab(http://organicmedialab.com), 2018 Properties of Smart Contracts Autonomous Independent Economic Self-enforcing 16
  • 17. © Organic Media Lab(http://organicmedialab.com), 2018 Contracts in our life Social Political Economic • Oliver Hart & Bengt Holstrom won Nobel Prize in 2016 Legal 17
  • 18. © Organic Media Lab(http://organicmedialab.com), 2018 “Uber” in a Blockchain World 18 DAO* *DAO = Distributed Autonomous Organization **USN = Universal Sharing Network USN** Organic Media Lab, 2016
  • 20. © Organic Media Lab(http://organicmedialab.com), 2018 Decentralization? 20
  • 21. © Organic Media Lab(http://organicmedialab.com), 2018 Decentralization: Technological Perspective* Architectural: How many physical computers? Logical: Single truth? Political:Who has control? 21 *https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274 blockchain!
  • 22. © Organic Media Lab(http://organicmedialab.com), 2018 Decentralization: Organizational Perspective End of Middlemen End of Hierarchy End of Boundary 22
  • 23. © Organic Media Lab(http://organicmedialab.com), 2018 23 Network (P2P) Node (3rd Party) Network Hierarchy Organic Media Lab, 2016 4 Types of Organizations
  • 24. © Organic Media Lab(http://organicmedialab.com), 2018 24 4 Types of Organizations Organic Media Lab 2017
  • 25. © Organic Media Lab(http://organicmedialab.com), 2018 25 http://news.kmib.co.kr/article/view.asp?arcid=0923654003&code=11151300 http://news.mt.co.kr/mtview.php?no=2017022213450752947&MNF
  • 26. © Organic Media Lab(http://organicmedialab.com), 2018 As Is 26 Organic Media Lab 2017
  • 27. © Organic Media Lab(http://organicmedialab.com), 2018 What banks dream 27 Organic Media Lab 2017
  • 28. © Organic Media Lab(http://organicmedialab.com), 2018 What blockchains dream 28 Organic Media Lab 2017
  • 29. © Organic Media Lab(http://organicmedialab.com), 2017 조직없는 조직화 (Organising without Organisations) Organic Media Lab, 2017
  • 30. © Organic Media Lab, Inc. http://organicmedialab.com We, as a Network
  • 31. © Organic Media Lab(http://organicmedialab.com), 2018 What do we do? Unlearn what we have learned Learn to learn Enjoy the ride 31
  • 33. Any Questions? Visit: www.organicmedialab.com E-mail: srho@snu.ac.kr Facebook: sangkyu.rho LinkedIn: Sangkyu Rho Twitter: @srho77