Raj Jain, "Extending Blockchains for Risk Management and Decision Making," Invited talk at Innovation and Breakthrough Forum 2018, Hong Kong, Nov. 9, 2018.
Abstract:
Blockchains are used for distributed consensus where all nodes agree on the validity of transactions in a block without needing a central trusted party. This has found numerous applications in Fintech, Supply chains, and contracts. The consensus is binary - agree or disagree - True or False. In this talk, we will present our recent extensions that allow blockchains to be used for group decisions that may not be binary. Such situations arise frequently, such as, in deciding whether the stock market will go up or down, risks in investments, insurance, etc.
This talk covers the following topics:
- Gartner's Hype Cycle for Emerging Technologies 2018
- Gartner's Hype Cycle for Emerging Technologies 2017
- Gartner's Hype Cycle for Emerging Technologies 2016
- Gartner's Hype Cycle for Emerging Technologies 2015
- Will Blockchain Succeed?
- Before
- After
- Networking: Failures vs Successes
- Requirements for Technology Success
- Old House vs. New House
- Google Trend: Blockchains
- Strengths of Blockchains
- Can the Blockchains be Enhanced?
- Ideas to Enhance Blockchains
- Risk Propels Progress
- Decisions with Risk
- Current Blockchain Process
- Our Goal
- Blockchain Generations
- Probabilistic Blockchain Process
- Probabilistic Blockchain Example
- Empirical Validation
- Results
- Blockchain 4.0: Database to Knowledge Base
- Knowledge Chain
- Stock Transactions without Blockchains
- Stock Transactions without Blockchains
- P2P Stock Transactions with Blockchains
- P2P Stock Transactions Benefits
- Related Papers
- Related Talks
Presentation slides in Adobe Acrobat Format:
1 slide/page
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