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To the Cosmos and Beyond
Adrian Brink
Decentralize Singapore, 2018-04-05
The Story of Hans
 Gold & Silver
Merchant
 Inherited the
business from his
parents
 Located in West
Germany (early 20th
Century)
EUROPE in the 20th
Century
 28 Isolated Nation
States
 High cost in cross
border commerce
 Gold and Silver
suppliers are from
West Germany
 But the highest
demand is in France
and other countries
The Story of HansThe Story of Hans
Expensive, time-
consuming and
sometimes dangerous
process to move goods
from one Nation State
to another
The Story of HansThe Story of Hans
 The Nation States
of the 20th century
are the
blockchains in our
current
ecosystem
 dApp developers
~ merchants
The Story of HansBLOCKCHAINS Today
ETHEREUM
BITCOIN
Expensive, time-
consuming, risky and
mostly an impossible
to access tokens, NFAs
or other complex
objects from two
different communities
The Story of HansBLOCKCHAINS Today
ETHEREUM
BITCOIN
The Story of Modern
Hans
Modern day Hans is
building a decentralized
application
Where is the
liquidity?
To Decentralize
or not
Decentralize?
The Story of
Modern Hans
One of biggest
users would like
to use her BTC to
buy and sell
digital goods. For
her it is an
extremely
expensive, time-
consuming and
risky process to
participate in
Hans' DEX
Decentralized
Exchange
Bitcoin Maximalist
User
ETH?
Lol no
Pls buy
some
ETH
But what if we could turn siloed blockchains into a single free
market?
The IBC
PROTOCOL
When Hans
moves an ounce
of sterling silver
from Germany to
France it does not
change
ownership
Germany
Hans the
Merchant
France
A French
Craftsman
IBC
BitcoinEthereum
The IBC
PROTOCOL
Moving tokens,
NFAs or complex
objects over IBC
requires that you
trust the involved
protocols, but it
does not require
you to trust a
central exchange or
any other third
party
Decentralized
Exchange
Bitcoin Maximalist
User
COSMOS HUB
1
ETH
1
BTC
IBC allows the consensus of some protocol to
have ownership over some asset on another protocol
The COSMOS
HUB
The Cosmos Hub
is the equivalent
of the European
Single Market
The COSMOS Hub
So what is your choice?
Become an isolated nation state,
or be part of
a larger single market?
Any Questions?
Adrian Brink
@adrian_brink

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Open Finance & the Decentralization Movement

  • 1. To the Cosmos and Beyond Adrian Brink Decentralize Singapore, 2018-04-05
  • 2. The Story of Hans  Gold & Silver Merchant  Inherited the business from his parents  Located in West Germany (early 20th Century)
  • 3. EUROPE in the 20th Century  28 Isolated Nation States  High cost in cross border commerce
  • 4.  Gold and Silver suppliers are from West Germany  But the highest demand is in France and other countries The Story of HansThe Story of Hans
  • 5. Expensive, time- consuming and sometimes dangerous process to move goods from one Nation State to another The Story of HansThe Story of Hans
  • 6.  The Nation States of the 20th century are the blockchains in our current ecosystem  dApp developers ~ merchants The Story of HansBLOCKCHAINS Today ETHEREUM BITCOIN
  • 7. Expensive, time- consuming, risky and mostly an impossible to access tokens, NFAs or other complex objects from two different communities The Story of HansBLOCKCHAINS Today ETHEREUM BITCOIN
  • 8. The Story of Modern Hans Modern day Hans is building a decentralized application Where is the liquidity? To Decentralize or not Decentralize?
  • 9. The Story of Modern Hans One of biggest users would like to use her BTC to buy and sell digital goods. For her it is an extremely expensive, time- consuming and risky process to participate in Hans' DEX Decentralized Exchange Bitcoin Maximalist User ETH? Lol no Pls buy some ETH
  • 10. But what if we could turn siloed blockchains into a single free market?
  • 11. The IBC PROTOCOL When Hans moves an ounce of sterling silver from Germany to France it does not change ownership Germany Hans the Merchant France A French Craftsman IBC
  • 12. BitcoinEthereum The IBC PROTOCOL Moving tokens, NFAs or complex objects over IBC requires that you trust the involved protocols, but it does not require you to trust a central exchange or any other third party Decentralized Exchange Bitcoin Maximalist User COSMOS HUB 1 ETH 1 BTC
  • 13. IBC allows the consensus of some protocol to have ownership over some asset on another protocol
  • 14. The COSMOS HUB The Cosmos Hub is the equivalent of the European Single Market The COSMOS Hub
  • 15. So what is your choice? Become an isolated nation state, or be part of a larger single market?